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Cass-Atlantic Development Corp

Not tax-deductible

Atlantic, IA501(c)(6)Mutual / membership EIN 42-1067441Revenue $272K in FY2025Latest return filed Nov 12, 2025

On file with the IRSAtlantic, IATax-exempt since Jan 1977

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Promote the economic Development & welfare of Cass county, iowa

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1067441) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $38K a year · 19% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
31.5 mo
of spending, in cash
31.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$101K
9% of total assets
Liabilities are 9% of assets.
Pt X · Ln 26
Independent board members
18
of 18 voting members
18 of 18 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$272K
+45% vs prior year
Spent
$156K
Net assets
$1.0M
By yearFY2021–FY2025
Revenue
$272K
FY2025▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2021$179K
FY2022$209K
FY2023$187K
FY2024$187K
FY2025$272K
Expenses
$156K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$240K
FY2022$151K
FY2023$146K
FY2024$149K
FY2025$156K
Net assets
$1.0M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2021$771K
FY2022$843K
FY2023$884K
FY2024$923K
FY2025$1.0M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1977.

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

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
John Knutsen
Board Member
$0Pt VII · Sec A
Brett Altman
Board Member
$0Pt VII · Sec A
Wes Anstey
Board Member
$0Pt VII · Sec A
Justin Hockenberry
Board Member
$0Pt VII · Sec A
Sheryl Owen
Board Member
$0Pt VII · Sec A
Brian Church
Board Member
$0Pt VII · Sec A
Cindy Wetterlind
Board Member
$0Pt VII · Sec A
Scott Bennett
Board Member
$0Pt VII · Sec A
See Cass-Atlantic Development Corp executive salaries →

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

Boosts Cass County's economy and improves residents' well-being.

Questions for Cass-Atlantic Development Corp

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Your first name shows with your question. Cass-Atlantic Development Corp answers here, for everyone.

1 program · in their own filed words · FY2024
01

To promote economic development & welfare in cass county iowa

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1067441) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$272K
Ln 12
Gifts and grantsLn 1h$232K
Other incomeLn 4–11$21K
Investment incomeLn 3$20K
Money outPt IX
$156K
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$409K
Total assetsLn 16$1.1M
LiabilitiesLn 26$101K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$232K
Investment incomeLn 3$20K
Other incomeLn 4–11$21K
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$77K
SavingsLn 2$332K
Cash and savings togetherLn 1–2$409K
Notes and loans receivableLn 7$367K
Land, buildings, equipmentLn 10c$363K
Other assetsLn 15$1K
Total assetsLn 16$1.1M
LiabilitiesLn 26$101K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
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$371K$409K
Land, buildings, equipmentLn 10c$374K$363K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$101K$101K
Net assetsLn 32$923K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$50K
Other salaries and wagesLn 7$24K
Pension plan contributionsLn 8$8K
Other employee benefitsLn 9$12K
Payroll taxesLn 10$6K
Accounting feesLn 11c$6K
Advertising and promotionLn 12$3K
Office expensesLn 13$9K
OccupancyLn 16$17K
TravelLn 17$1K
Depreciation, depletion and amortizationLn 22$11K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$1K
Total functional expensesLn 25$156K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 12, 2025 $272K$156K$116K$1.0M 990 PDF
FY2024Filed with the IRS Oct 8, 2024 $187K$149K$39K$923K 990 PDF
FY2023Filed with the IRS Aug 17, 2023 $187K$146K$41K$884K 990 PDF
FY2022Filed with the IRS Oct 18, 2022 $209K$151K$58K$843K 990 PDF
FY2021Filed with the IRS Sep 14, 2021 $179K$240K−$61K$771K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $272,376 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $128,135$231,710
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13,897$19,977
I-11 Other revenuePrior year $45,465$20,689
I-12 Total revenuePrior year $187,497$272,376
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $98,778$99,623
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,180$56,427
I-18 Total expensesPrior year $148,958$156,050
I-19 Revenue less expensesPrior year $38,539$116,326
Part VI · Governance 18 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $272,376 across 7 lines filed
VIII-1b Membership dues$23,010
VIII-1f All other contributions, gifts and grants$208,700
VIII-1h Total contributions, gifts and grants$231,710
VIII-3 Investment incomeExcluded from tax $19,977$19,977
VIII-6 Net rental income or lossRelated to mission $20,550$20,550
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $139$139
VIII-12 Total revenueRelated to mission $20,689 · Unrelated business $0 · Excluded from tax $19,977$272,376
Part IX · Statement of functional expenses $156,050 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$49,600
IX-7 Other salaries and wages$23,664
IX-8 Pension plan contributions$8,400
IX-9 Other employee benefits$11,628
IX-10 Payroll taxes$6,331
IX-11c Accounting fees$6,235
IX-12 Advertising and promotion$3,382
IX-13 Office expenses$9,363
IX-16 Occupancy$17,356
IX-17 Travel$1,200
IX-22 Depreciation, depletion and amortization$10,513
IX-23 Insurance$7,032
IX-24 Other expenses (24a–d)$1,346
IX-25 Total functional expenses$156,050
Part X · Balance sheet $1,140,149 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $83,436$77,442
X-2 Savings and temporary cash investmentsStart of year $288,028$331,629
X-7 Notes and loans receivableStart of year $277,767$366,999
X-10c Land, buildings and equipment, netStart of year $373,592$363,079
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $1,023,823$1,140,149
X-17 Accounts payable and accrued expensesStart of year $1,202$1,202
X-25 Other liabilitiesStart of year $100,000$100,000
X-26 Total liabilitiesStart of year $101,202$101,202
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $922,621$1,038,947
X-32 Total net assets or fund balancesStart of year $922,621$1,038,947
X-33 Total liabilities and net assetsStart of year $1,023,823$1,140,149
Part XI · Reconciliation of net assets $1,038,947 net assets at year end
XI-1 Total revenue$272,376
XI-2 Total expenses$156,050
XI-3 Revenue less expenses$116,326
XI-4 Net assets at start of year$922,621
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,038,947

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

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