Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1979.
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; $66K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Joshua Laraby - Resigned 10523 | — | $82,750 | — | — | — |
| Josh Laraby - Resigned 10523 | $82,155 | — | — | — | — |
| Joshua Laraby | — | — | $73,000 | $66,000 | $59,983 |
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 Fairfield Economic Development Association Incorporated 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
Improves Fairfield, Iowa's quality of life through economic development initiatives and programs.
Questions for Fairfield Economic Development Association Incorporated
Your first name shows with your question. Fairfield Economic Development Association Incorporated answers here, for everyone.
Honor a teacher from the fairfield community school district for their outstanding performance and achievements.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1111039) · Dispute this lineTo encourage young adults to return to fairfield to settle and begin their lives in the area.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1111039) · Dispute this lineProvide cost sharing of entrepreneurial services for business development.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1111039) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $349K | $515K |
| Land, buildings, equipmentLn 10c | $1.8M | $1.6M |
| Total assetsLn 16 | $2.1M | $2.2M |
| LiabilitiesLn 26 | $886K | $889K |
| Net assetsLn 32 | $1.3M | $1.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $77K | |||
| Other salaries and wagesLn 7 | $8K | |||
| Other employee benefitsLn 9 | $1K | |||
| Payroll taxesLn 10 | $6K | |||
| Legal feesLn 11b | $28 | |||
| Accounting feesLn 11c | $5K | |||
| Advertising and promotionLn 12 | $7K | |||
| Office expensesLn 13 | $9K | |||
| OccupancyLn 16 | $2K | |||
| TravelLn 17 | $2K | |||
| Conferences, conventions and meetingsLn 19 | $1K | |||
| InsuranceLn 23 | $3K | |||
| Other expenses (24a–d)Ln 24 | $6K | |||
| Total functional expensesLn 25 | $127K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 14, 2026 | $496K | $215K | $281K | $2.1M | 990 PDF |
| FY2024Filed with the IRS Feb 17, 2025 | $653K | $154K | $499K | $1.8M | 990 PDF |
| FY2023Filed with the IRS Nov 9, 2023 | $125K | $166K | −$40K | $1.3M | 990 PDF |
| FY2022Filed with the IRS Mar 30, 2023 | $244K | $142K | $102K | $1.4M | 990 PDF |
| FY2021 ViewingFiled with the IRS Jan 26, 2022 | $171K | $127K | $44K | $1.3M | 990 PDF |
| FY2020Filed with the IRS Feb 1, 2021 | $117K | $131K | −$13K | $1.3M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $170,518 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 4 to look at
Part VIII · Statement of revenue $170,518 across 8 lines filed
Part IX · Statement of functional expenses $126,567 across 13 lines filed
Part X · Balance sheet $2,182,962 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,294,116 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.