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Cass-Atlantic Development Corp FY2021 filing

Not tax-deductible

Atlantic, IA501(c)(6)Mutual / membership EIN 42-1067441Revenue $179K in FY2021Latest 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, FY2021. 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

FY2021 · 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
17.7 mo
of spending, in cash
17.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$194K
20% of total assets
Liabilities are 20% of assets.
Pt X · Ln 26
Independent board members
15
of 16 voting members
15 of 16 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
$179K
Spent
$240K
Net assets
$771K
By yearFY2021–FY2025
Revenue
$179K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$179K
FY2022$209K
FY2023$187K
FY2024$187K
FY2025$272K
Expenses
$240K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$240K
FY2022$151K
FY2023$146K
FY2024$149K
FY2025$156K
Net assets
$771K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$771K
FY2022$843K
FY2023$884K
FY2024$923K
FY2025$1.0M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Support Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Keith Harlan
Board Member
$0Pt VII · Sec A
Brett Altman
Board Member
$0Pt VII · Sec A
Bill Saluk
Board Member
$0Pt VII · Sec A
Justin Hockenberry
Board Member
$0Pt VII · Sec A
Ted Marciniak
Board Member
$0Pt VII · Sec A
Pete Smith
Board Member
$0Pt VII · Sec A
Linda Reinke
Board Member
$0Pt VII · Sec A
Lucas Mosier
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

Tap to ask. Cass-Atlantic Development Corp sees how many people are interested.

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

1 program · in their own filed words · FY2020
01

To promote economic development & welfare in cass county iowa

Form 990 Part III, line 4, FY2020. 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$179K
Ln 12
Gifts and grantsLn 1h$129K
Other incomeLn 4–11$42K
Investment incomeLn 3$7K
Money outPt IX
$240K
Ln 25
Owns and owesPt X
$771K
net assets · Ln 32
Cash and savingsLn 1–2$354K
Total assetsLn 16$965K
LiabilitiesLn 26$194K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Investment incomeLn 3$7K
Other incomeLn 4–11$42K
Total revenueLn 12$179K
Assets in detailPt X, end of year
CashLn 1$55K
SavingsLn 2$298K
Cash and savings togetherLn 1–2$354K
Notes and loans receivableLn 7$205K
Land, buildings, equipmentLn 10c$405K
Other assetsLn 15$1K
Total assetsLn 16$965K
LiabilitiesLn 26$194K
Net assetsLn 32$771K
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 FY21End FY21
Cash and savingsLn 1–2$176K$354K
Land, buildings, equipmentLn 10c$416K$405K
Total assetsLn 16$948K$965K
LiabilitiesLn 26$115K$194K
Net assetsLn 32$832K$771K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$43K
Other salaries and wagesLn 7$29K
Pension plan contributionsLn 8$4K
Other employee benefitsLn 9$14K
Payroll taxesLn 10$5K
Accounting feesLn 11c$5K
Advertising and promotionLn 12$3K
Office expensesLn 13$9K
OccupancyLn 16$19K
TravelLn 17$1K
Depreciation, depletion and amortizationLn 22$11K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$91K
Total functional expensesLn 25$240K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $178,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $125,485$129,435
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,805$6,955
I-11 Other revenuePrior year $43,032$42,254
I-12 Total revenuePrior year $172,322$178,644
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 $83,137$95,540
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,539$144,132
I-18 Total expensesPrior year $135,676$239,672
I-19 Revenue less expensesPrior year $36,646−$61,028
Part VI · Governance 15 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
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 $178,644 across 6 lines filed
VIII-1a Federated campaigns$125,985
VIII-1f All other contributions, gifts and grants$3,450
VIII-1h Total contributions, gifts and grants$129,435
VIII-3 Investment incomeExcluded from tax $6,955$6,955
VIII-6 Net rental income or lossRelated to mission $42,254$42,254
VIII-12 Total revenueRelated to mission $42,254 · Unrelated business $0 · Excluded from tax $6,955$178,644
Part IX · Statement of functional expenses $239,672 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$42,683
IX-7 Other salaries and wages$29,433
IX-8 Pension plan contributions$3,600
IX-9 Other employee benefits$14,402
IX-10 Payroll taxes$5,422
IX-11c Accounting fees$5,254
IX-12 Advertising and promotion$3,203
IX-13 Office expenses$8,928
IX-16 Occupancy$18,928
IX-17 Travel$1,200
IX-22 Depreciation, depletion and amortization$10,513
IX-23 Insurance$4,908
IX-24 Other expenses (24a–d)$91,198
IX-25 Total functional expenses$239,672
Part X · Balance sheet $964,828 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $43,950$55,229
X-2 Savings and temporary cash investmentsStart of year $132,370$298,473
X-7 Notes and loans receivableStart of year $354,185$204,995
X-10c Land, buildings and equipment, netStart of year $415,644$405,131
X-15 Other assetsStart of year $1,417$1,000
X-16 Total assetsStart of year $947,566$964,828
X-17 Accounts payable and accrued expensesStart of year $1,434$1,333
X-21 Escrow or custodial accountsStart of year $114,000$78,000
X-24 Unsecured notes and loans payable$14,391
X-25 Other liabilitiesStart of year $0$100,000
X-26 Total liabilitiesStart of year $115,434$193,724
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 $832,132$771,104
X-32 Total net assets or fund balancesStart of year $832,132$771,104
X-33 Total liabilities and net assetsStart of year $947,566$964,828
Part XI · Reconciliation of net assets $771,104 net assets at year end
XI-1 Total revenue$178,644
XI-2 Total expenses$239,672
XI-3 Revenue less expenses−$61,028
XI-4 Net assets at start of year$832,132
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$771,104

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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