Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Dec 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
17 people listed on the 990; $87K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Tom Leners | — | $86,941 | $84,441 | $82,040 |
| Tom Leners Left Dec 2023 | $59,304 | — | — | — |
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 Madison County Development Group 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 businesses to locate in Madison County, Iowa.
Questions for Madison County Development Group
Your first name shows with your question. Madison County Development Group answers here, for everyone.
Program expenditures to attract business to locate in madison county, iowa
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1303617) · 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 FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $488K | $473K |
| Land, buildings, equipmentLn 10c | $628 | $362 |
| Total assetsLn 16 | $593K | $610K |
| LiabilitiesLn 26 | $6K | $4K |
| Net assetsLn 32 | $587K | $606K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $90K | |||
| Payroll taxesLn 10 | $7K | |||
| Accounting feesLn 11c | $6K | |||
| Advertising and promotionLn 12 | $2K | |||
| Office expensesLn 13 | $2K | |||
| OccupancyLn 16 | $6K | |||
| TravelLn 17 | $805 | |||
| Conferences, conventions and meetingsLn 19 | $812 | |||
| Depreciation, depletion and amortizationLn 22 | $266 | |||
| InsuranceLn 23 | $2K | |||
| Other expenses (24a–d)Ln 24 | $25K | |||
| All other expensesLn 24e | $996 | |||
| Total functional expensesLn 25 | $142K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2026 LatestFiled with the IRS Aug 27, 2026 | $170K | $209K | −$39K | $590K | 990 PDF |
| FY2025Filed with the IRS Sep 11, 2025 | $174K | $157K | $17K | $629K | 990 PDF |
| FY2024Filed with the IRS Sep 4, 2024 | $164K | $157K | $7K | $613K | 990 PDF |
| FY2023 ViewingFiled with the IRS Sep 20, 2023 | $161K | $142K | $19K | $606K | 990 PDF |
| FY2022Filed with the IRS Sep 7, 2022 | $168K | $133K | $35K | $587K | 990 PDF |
| FY2021Filed with the IRS Sep 14, 2021 | $194K | $138K | $56K | $552K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $160,993 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 3 to look at
Part VIII · Statement of revenue $160,993 across 7 lines filed
Part IX · Statement of functional expenses $142,385 across 12 lines filed
Part X · Balance sheet $609,714 assets, 10 lines filed
Part XI · Reconciliation of net assets $605,617 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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