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Sigourney Area Development FY2022 filing

Not tax-deductible

Sigourney, IA501(c)(6)Mutual / membership EIN 42-1084764Revenue $46K in FY2022Latest return filed Oct 17, 2025

On file with the IRSsigourney.com112 E Washington St, 52591-1445 · Sigourney, IATax-exempt since May 1990

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Promote community welfare & industrial Development.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$10K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $21K a year · 34% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
172 mo
of spending, in cash
Looks good: 171.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46K
+5% vs prior year
Spent
$32K
To programs
0%
Net assets
$754K
By yearFY2020–FY2024
Revenue
$46K
FY2022▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$96K
FY2021$44K
FY2022$46K
FY2023$76K
FY2024$55K
Expenses
$32K
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$36K
FY2021$31K
FY2022$32K
FY2023$53K
FY2024$59K
Net assets
$754K
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$726K
FY2021$740K
FY2022$754K
FY2023$777K
FY2024$748K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1990.

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

Who runs it and what they're paid

9 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
$10,151Pt VII · Sec A
Hunter Bruns
Director
$0Pt VII · Sec A
Darian Graff
Director
$0Pt VII · Sec A
Jeff Graff
President
$0Pt VII · Sec A
Liz Loney
Director
$0Pt VII · Sec A
Lucas Meier
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Holly Ellis$17,122$15,495———
Holly Van Voltenburg——$10,151——
Judy Frank———$5,067$5,886
Dustin Macdonald———$984—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sigourney Area Development 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 15aYes

Programs and updates

Fosters community well-being and economic growth.

Questions for Sigourney Area Development

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2 programs · in their own filed words · FY2022
01

Provide services to attract and maintain businesses in community. We purchased land for an industrial park and are marketing it. Two lots are filled. The remaining acres are in CRP or being rented until they are filled.

Pt IX · col B
02

We manage a revolving loan fund for businesses that are start-up or expanding their business in the area.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$46K
Ln 12
Other incomeLn 4–11$22K
Gifts and grantsLn 1h$15K
Fees for servicesLn 2g$7K
Money outPt IX
$32K
Ln 25
Owns and owesPt X
$754K
net assets · Ln 32
Cash and savingsLn 1–2$460K
Total assetsLn 16$759K
LiabilitiesLn 26$5K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Fees for servicesLn 2g$7K
Investment incomeLn 3$3K
Other incomeLn 4–11$22K
Gains on assetsLn 7$2K
Total revenueLn 12$46K
Assets in detailPt X, end of year
CashLn 1$333K
SavingsLn 2$127K
Cash and savings togetherLn 1–2$460K
Land, buildings, equipmentLn 10c$113K
Total assetsLn 16$759K
LiabilitiesLn 26$5K
Net assetsLn 32$754K
OperationsPt I, VI
EmployeesI 53
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$468K$460K
Land, buildings, equipmentLn 10c$113K$113K
Total assetsLn 16$746K$759K
LiabilitiesLn 26$7K$5K
Net assetsLn 32$740K$754K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$10K
Other salaries and wagesLn 7$3K
Payroll taxesLn 10$981
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$757
Advertising and promotionLn 12$1K
Office expensesLn 13$3K
OccupancyLn 16$9K
Conferences, conventions and meetingsLn 19$216
InterestLn 20$7
Depreciation, depletion and amortizationLn 22$21
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$947
Total functional expensesLn 25$32K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 17, 2025 $55K$59K−$4K$748K 990 PDF
FY2023Filed with the IRS Nov 4, 2024 $76K$53K$23K$777K 990 PDF
FY2022 ViewingFiled with the IRS Nov 10, 2023 $46K$32K$14K$754K 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $44K$31K$14K$740K 990 PDF
FY2020Filed with the IRS Aug 11, 2021 $96K$36K$60K$726K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $46,488 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,860$14,718
I-9 Program service revenuePrior year $7,499$6,526
I-10 Investment incomePrior year $336$2,744
I-11 Other revenuePrior year $18,572$22,500
I-12 Total revenuePrior year $44,267$46,488
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,291$13,790
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,367$18,359
I-18 Total expensesPrior year $30,658$32,149
I-19 Revenue less expensesPrior year $13,609$14,339
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $46,488 across 9 lines filed
Lines not itemized here account for $11,410 of total revenue; see the IRS return.
VIII-1b Membership dues$14,718
VIII-1h Total contributions, gifts and grants$14,718
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,526$6,526
VIII-3 Investment incomeExcluded from tax $493$493
VIII-6 Net rental income or lossExcluded from tax $3,494$3,494
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,251$2,251
VIII-8 Net income from fundraising eventsExcluded from tax $7,298$7,298
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$581 · Excluded from tax $879$298
VIII-12 Total revenueRelated to mission $5,945 · Excluded from tax $25,825$46,488
Part IX · Statement of functional expenses $32,149 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$10,151
IX-7 Other salaries and wages$2,658
IX-10 Payroll taxes$981
IX-11c Accounting fees$1,506
IX-11g Other fees for services$757
IX-12 Advertising and promotion$1,461
IX-13 Office expenses$3,075
IX-16 Occupancy$8,591
IX-19 Conferences, conventions and meetings$216
IX-20 Interest$7
IX-22 Depreciation, depletion and amortization$21
IX-23 Insurance$1,778
IX-24 Other expenses (24a–d)$947
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$32,149
Part X · Balance sheet $759,196 assets, 9 lines filed
Asset lines not itemized here account for $186,318; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $358,390$332,891
X-2 Savings and temporary cash investmentsStart of year $109,652$126,709
X-10c Land, buildings and equipment, netStart of year $113,300$113,278
X-16 Total assetsStart of year $746,490$759,196
X-17 Accounts payable and accrued expensesStart of year $6,634$5,001
X-26 Total liabilitiesStart of year $6,634$5,001
X-27 Net assets without donor restrictionsStart of year $739,856$754,195
X-32 Total net assets or fund balancesStart of year $739,856$754,195
X-33 Total liabilities and net assetsStart of year $746,490$759,196
Part XI · Reconciliation of net assets $754,195 net assets at year end
XI-1 Total revenue$46,488
XI-2 Total expenses$32,149
XI-3 Revenue less expenses$14,339
XI-4 Net assets at start of year$739,856
XI-10 Net assets at end of year$754,195

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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