Remsen Economic Development Corp FY2023 filing

Not tax-deductible

Remsen, IA501(c)(4)EIN 42-1121152Revenue $107K in FY2023

On file with the IRSPo Box 559, 51050-0559 · Remsen, IATax-exempt since Oct 1979

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Promote local community economic development and provide for the establishment of a local grocery store.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990-EZIndependent: 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-EZ
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $60K a year · 31% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
-49% vs prior year
Net assets
$452K
By yearFY2021–FY2025
Revenue
$107K
FY2023▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2021$340K
FY2022$210K
FY2023$107K
FY2024$43K
FY2025$22K
Expenses
—
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021$2K
FY2022$390K
FY2023Not on file
FY2024Not on file
FY2025$0
Net assets
$452K
FY2023▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2021$532K
FY2022$351K
FY2023$452K
FY2024$450K
FY2025$543K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 Oct 1979.

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

Who runs it and what they're paid

12 people listed on the 990-EZ.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Remsen Economic Development Corp executive salaries →

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Programs and updates

Builds local grocery stores to boost community economies.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Our local grocery store had a fire in 2018 and the owner abandoned the building which we renovated and assisted a new owner in opening the store in which we accomplished in 2022. The building was transferred to the new owner. We assisted in buying the a portion of the refrigeration, shelving and other equipment.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990-EZ, line by line.

1The main four
Money in
$107K
Other income$107K
Owns and owes
$452K
net assets
People
12
listed
Paid0
2In more detail
Revenue in detail
Other income$107K
Total revenue$107K
Assets in detailEnd of year
Net assets$452K
Operations
Employees0
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $22K$0$22K$543K 990 PDF
FY2024 $43K$450K 990 PDF
FY2023 Viewing $107K$452K 990 PDF
FY2022 $210K$390K−$181K$351K 990 PDF
FY2021 $340K$2K$338K$532K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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