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New Hampton Industrial Development Corporation

Not tax-deductible

New Hampton, IA501(c)(4)Since 1956 EIN 42-0982072Revenue $52K in FY2025

On file with the IRS112 E Spring St, 50659-1470 · New Hampton, IATax-exempt since Feb 1989

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Promotion and support of economic Development including New business recruiting and expansion of existing business

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
62¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $48K a year · 63% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
439 mo
of spending, in cash
Looks good: 439.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52K
-30% vs prior year
Spent
$8K
To programs
62%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$52K
FY2025▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$133K
FY2022$59K
FY2023$86K
FY2024$75K
FY2025$52K
Expenses
$8K
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$16K
FY2021$35K
FY2022$46K
FY2023$56K
FY2024$8K
FY2025$8K
Net assets
$1.0M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$750K
FY2021$847K
FY2022$861K
FY2023$891K
FY2024$958K
FY2025$1.0M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $5K Fundraising 38% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990.

Part VII, Section A · reportable compensation
Megan Baltes
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Samec
Treasurer
$0Pt VII · Sec A
Adam Geerts
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Croell
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Savre
Director
$0Pt VII · Sec A
See New Hampton Industrial Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promote economic development by recruiting new businesses and expanding existing ones.

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Provided by the organization

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1 program · $5K · in their own filed words · FY2025
01

Promotion and support of economic development including new business recruiting and expansion of exisitng business.

$5Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$52K
Ln 12
Gifts and grantsLn 1h$33K
Other incomeLn 4–11$13K
Investment incomeLn 3$6K
Money outPt IX
$8K
Ln 25
Programscol B$5K
Fundraisingcol D$3K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$278K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Investment incomeLn 3$6K
Other incomeLn 4–11$13K
Total revenueLn 12$52K
Assets in detailPt X, end of year
CashLn 1$156K
SavingsLn 2$123K
Cash and savings togetherLn 1–2$278K
Land, buildings, equipmentLn 10c$724K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$409K$278K
Land, buildings, equipmentLn 10c$549K$724K
Total assetsLn 16$958K$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$958K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$375$375
Other fees for servicesLn 11g$5K$2K$3K
Advertising and promotionLn 12$275$275
Office expensesLn 13$586$586
InsuranceLn 23$1K$1K
Total functional expensesLn 25$8K$5K$0$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $52K$8K$45K$1.0M 990 PDF
FY2024Filed with the IRS May 12, 2025 $75K$8K$67K$958K 990 PDF
FY2023Filed with the IRS Apr 29, 2024 $86K$56K$30K$891K 990 PDF
FY2022Filed with the IRS Oct 4, 2023 $59K$46K$14K$861K 990 PDF
FY2021Filed with the IRS Aug 30, 2022 $133K$35K$97K$847K 990 PDF
FY2020Filed with the IRS Aug 18, 2021 $50K$16K$34K$750K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $52,254 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,075$32,825
I-9 Program service revenue$0
I-10 Investment incomePrior year $6,945$6,280
I-11 Other revenuePrior year $27,112$13,149
I-12 Total revenuePrior year $75,132$52,254
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,825$7,613
I-18 Total expensesPrior year $7,825$7,613
I-19 Revenue less expensesPrior year $67,307$44,641
Part VI · Governance 26 of 26 board members independent, 4 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $52,254 across 6 lines filed
VIII-1b Membership dues$32,825
VIII-1h Total contributions, gifts and grants$32,825
VIII-3 Investment incomeRelated to mission $6,280$6,280
VIII-6 Net rental income or lossRelated to mission $9,804$9,804
VIII-8 Net income from fundraising events$3,345
VIII-12 Total revenueRelated to mission $16,084$52,254
Part IX · Statement of functional expenses $7,613 across 5 lines filed
IX-11c Accounting feesPrograms $375$375
IX-11g Other fees for servicesPrograms $2,082 · Fundraising $2,916$4,998
IX-12 Advertising and promotionPrograms $275$275
IX-13 Office expensesPrograms $586$586
IX-23 InsurancePrograms $1,379$1,379
IX-25 Total functional expensesPrograms $4,697 · Management $0 · Fundraising $2,916$7,613
Part X · Balance sheet $1,002,683 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $160,232$155,564
X-2 Savings and temporary cash investmentsStart of year $248,606$122,926
X-10c Land, buildings and equipment, netStart of year $549,204$724,193
X-16 Total assetsStart of year $958,042$1,002,683
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $958,042$1,002,683
X-33 Total liabilities and net assetsStart of year $958,042$1,002,683
Part XI · Reconciliation of net assets $1,002,683 net assets at year end
XI-1 Total revenue$52,254
XI-2 Total expenses$7,613
XI-3 Revenue less expenses$44,641
XI-4 Net assets at start of year$958,042
XI-10 Net assets at end of year$1,002,683

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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