Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
19 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
18 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Boosts business growth and economic opportunities across eight southern Iowa counties.
Questions for Southern Iowa Development Group INC
Your first name shows with your question. Southern Iowa Development Group INC answers here, for everyone.
We closed on one new loan this fiscal year. We continue to service the existing outstanding loans. Additionally, many contacts were made with potential new industries. We provide gap financing to assist companies in obtaining loans from banks and grants from the state.
For the first time homebuyer program, we closed on no new loans in the fiscal year. We serviced the existing outstanding loans.
We also operate a small cities loan program where loans are made to cities for community facilities or equipment. During the year, we had no loans outstanding in relation to this program.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.3M | $2.0M |
| InvestmentsLn 11–13 | $1.1M | $1.3M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $3.3M | $3.3M |
| LiabilitiesLn 26 | $70K | $34K |
| Net assetsLn 32 | $3.3M | $3.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $7 | $7 | ||
| Other fees for servicesLn 11g | $26K | $4K | $22K | $0 |
| InsuranceLn 23 | $1K | $1K | ||
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $27K | $5K | $22K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Aug 14, 2026 | $85K | $27K | $59K | $3.3M | 990 PDF |
| FY2024Filed with the IRS Feb 2, 2026 | $62K | $35K | $26K | $3.3M | 990 PDF |
| FY2023Filed with the IRS Aug 9, 2024 | $70K | $38K | $32K | $3.2M | 990 PDF |
| FY2022Filed with the IRS Apr 21, 2023 | $234K | $59K | $175K | $3.2M | 990 PDF |
| FY2021Filed with the IRS Aug 11, 2022 | $1.2M | $218K | $1.0M | $3.0M | 990 PDF |
| FY2020Filed with the IRS Mar 16, 2021 | $50K | $217K | −$167K | $2.0M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $85,405 revenue, 12 lines filed
Part VI · Governance 13 of 14 board members independent, 2 to look at
Part VIII · Statement of revenue $85,405 across 4 lines filed
Part IX · Statement of functional expenses $26,738 across 4 lines filed
Part X · Balance sheet $3,341,185 assets, 32 lines filed
Part XI · Reconciliation of net assets $3,307,374 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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