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Franklin County Development Association

Not tax-deductible

Hampton, IA501(c)(6)Mutual / membership EIN 42-1177043Revenue $169K in FY2025Latest return filed Dec 10, 2025

On file with the IRSHampton, IATax-exempt since 0000

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The association's goal is to attract business and industry to Franklin, County.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1177043) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Run by 20 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 5
filings with a surplus
Average deficit $17K a year · 12% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
46.1 mo
of spending, in cash
46.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
200
of 200 voting members
200 of 200 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
$169K
+12% vs prior year
Spent
$260K
To programs
100%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$169K
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$101K
FY2022$128K
FY2023$165K
FY2024$152K
FY2025$169K
Expenses
$260K
FY2025▲ +59%
Tap a bar for its year
Expenses by fiscal year
FY2021$89K
FY2022$144K
FY2023$145K
FY2024$164K
FY2025$260K
Net assets
$1.1M
FY2025▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$1.2M
FY2024$1.1M
FY2025$1.1M

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 0000.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $260K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Eric Barkema
Board Member
$0Pt VII · Sec A
Ron Dunt
Board Member
$0Pt VII · Sec A
Tim Felderman
Board Member
$0Pt VII · Sec A
Jay Hickman
Board Member
$0Pt VII · Sec A
Mike Kruger
Board Member
$0Pt VII · Sec A
Shannon Latham
Board Member
$0Pt VII · Sec A
Kim Price
Board Member
$0Pt VII · Sec A
John Snyder
Board Member
$0Pt VII · Sec A
See Franklin County Development Association 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

Attracts business and industry to Franklin County.

Questions for Franklin County Development Association

Tap to ask. Franklin County Development Association sees how many people are interested.

Your first name shows with your question. Franklin County Development Association answers here, for everyone.

1 program · $260K · in their own filed words · FY2024
01

Attract business and industry to locate in franklin county, ia

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1177043) · Dispute this line
$260Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $9K · 2020–2020
Unitemized GrantFY2020$8,966

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$169K
Ln 12
Gifts and grantsLn 1h$129K
Investment incomeLn 3$37K
Other incomeLn 4–11$3K
Money outPt IX
$260K
Ln 25
Programscol B$260K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$998K
Total assetsLn 16$1.1M
LiabilitiesLn 26$21K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a200
IndependentVI 1b200
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Government grantsLn 1e$90K
Investment incomeLn 3$37K
Other incomeLn 4–11$3K
Total revenueLn 12$169K
Assets in detailPt X, end of year
CashLn 1$247K
SavingsLn 2$752K
Cash and savings togetherLn 1–2$998K
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$54K
Total assetsLn 16$1.1M
LiabilitiesLn 26$21K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$1.0M$998K
Land, buildings, equipmentLn 10c$45K$27K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$25K$21K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$92K$92K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$102K$102K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$672$672
Office expensesLn 13$709$709
Information technologyLn 14$2K$2K
OccupancyLn 16$7K$7K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$31K$31K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$260K$260K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Dec 10, 2025 $169K$260K−$91K$1.1M 990 PDF
FY2024Filed with the IRS Nov 26, 2024 $152K$164K−$12K$1.1M 990 PDF
FY2023Filed with the IRS Dec 21, 2023 $165K$145K$21K$1.2M 990 PDF
FY2022Filed with the IRS Nov 15, 2022 $128K$144K−$15K$1.1M 990 PDF
FY2021Filed with the IRS Oct 29, 2021 $101K$89K$12K$1.2M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $169,032 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $122,950$128,843
I-9 Program service revenue$0
I-10 Investment incomePrior year $25,494$37,279
I-11 Other revenuePrior year $3,109$2,910
I-12 Total revenuePrior year $151,553$169,032
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $116,077$112,352
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $47,556$147,433
I-18 Total expensesPrior year $163,633$259,785
I-19 Revenue less expensesPrior year −$12,080−$90,753
Part VI · Governance 200 of 200 board members independent, 3 to look at
VI-1a Voting members of the governing body200
VI-1b Independent voting members200
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $169,032 across 7 lines filed
VIII-1b Membership dues$16,300
VIII-1e Government grants$90,000
VIII-1f All other contributions, gifts and grants$22,543
VIII-1h Total contributions, gifts and grants$128,843
VIII-3 Investment incomeExcluded from tax $37,279$37,279
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,910$2,910
VIII-12 Total revenueRelated to mission $2,910 · Excluded from tax $37,279$169,032
Part IX · Statement of functional expenses $259,785 across 13 lines filed
IX-7 Other salaries and wagesPrograms $91,928$91,928
IX-8 Pension plan contributionsPrograms $2,758$2,758
IX-9 Other employee benefitsPrograms $10,592$10,592
IX-10 Payroll taxesPrograms $7,074$7,074
IX-11c Accounting feesPrograms $101,590$101,590
IX-11g Other fees for servicesPrograms $2,200$2,200
IX-12 Advertising and promotionPrograms $672$672
IX-13 Office expensesPrograms $709$709
IX-14 Information technologyPrograms $1,778$1,778
IX-16 OccupancyPrograms $6,552$6,552
IX-23 InsurancePrograms $2,014$2,014
IX-24 Other expenses (24a–d)Programs $30,801$30,801
IX-24e All other expensesPrograms $1,117$1,117
IX-25 Total functional expensesPrograms $259,785 · Management $0 · Fundraising $0$259,785
Part X · Balance sheet $1,079,271 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $376,196$246,625
X-2 Savings and temporary cash investmentsStart of year $624,400$751,702
X-10c Land, buildings and equipment, netStart of year $44,810$26,530
X-15 Other assets$54,414
X-16 Total assetsStart of year $1,172,298$1,079,271
X-17 Accounts payable and accrued expensesStart of year $25,062$20,864
X-26 Total liabilitiesStart of year $25,062$20,864
X-31 Retained earnings or endowmentStart of year $1,147,236$1,058,407
X-32 Total net assets or fund balancesStart of year $1,147,236$1,058,407
X-33 Total liabilities and net assetsStart of year $1,172,298$1,079,271
Part XI · Reconciliation of net assets $1,058,407 net assets at year end
XI-1 Total revenue$169,032
XI-2 Total expenses$259,785
XI-3 Revenue less expenses−$90,753
XI-4 Net assets at start of year$1,147,236
XI-8 Prior period adjustments$1,924
XI-10 Net assets at end of year$1,058,407

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

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