Dallas County Development INC FY2020 filing

Not tax-deductible

Wdm, IA501(c)(6)Since 1987EIN 42-1322391

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Organization and operation of a pro-active economic Development entity among all communities in Dallas County, iowa

$181K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$181K
to officers and key staff · 42% of spending
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
43
of 43 voting members
Looks good: 43 of 43 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$373K
Spent
$435K
Net assets
$480K
By yearFY2020–FY2024
Revenue
$373K
FY2020
Revenue by fiscal year
FY2020$373K
FY2021$420K
FY2022$366K
FY2023$414K
FY2024$415K
FY2024$392K
Expenses
$435K
FY2020
Expenses by fiscal year
FY2020$435K
FY2021$286K
FY2022$323K
FY2023$521K
FY2024$448K
FY2024$388K
Net assets
$480K
FY2020
Net assets by fiscal year
FY2020$480K
FY2021$614K
FY2022$658K
FY2023$550K
FY2024$517K
FY2024$522K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1989.

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

Who runs it and what they're paid

44 people listed on the 990; $181K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director - Former
$181,239Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Linda Wunsch—————$181,239
Rachel Wacker$112,810$103,000$41,715———
Alex Lynch——$41,046$102,199$46,648—

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 Dallas County Development INC executive salaries →

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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 15aYes

Programs and updates

Promotes economic growth across all Dallas County, Iowa communities.

Provided by the organization

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1 program · in their own filed words · FY2019
01

Organization and operation of a pro-active economic development entity among all communities in dallas county, iowa

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$373K
Ln 12
Gifts and grantsLn 1h$353K
Fees for servicesLn 2g$17K
Investment incomeLn 3$2K
Money outPt IX
$435K
Ln 25
Owns and owesPt X
$480K
net assets · Ln 32
Cash and savingsLn 1–2$484K
Total assetsLn 16$484K
LiabilitiesLn 26$4K
PeoplePt VI, VII
44
listed · VII A
PaidVII A1
Voting boardVI 1a43
IndependentVI 1b43
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$353K
Fees for servicesLn 2g$17K
Investment incomeLn 3$2K
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$435K
SavingsLn 2$48K
Cash and savings togetherLn 1–2$484K
Total assetsLn 16$484K
LiabilitiesLn 26$4K
Net assetsLn 32$480K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$548K$484K
Total assetsLn 16$548K$484K
LiabilitiesLn 26$5K$4K
Net assetsLn 32$542K$480K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$181K
Other salaries and wagesLn 7$145K
Pension plan contributionsLn 8$6K
Other employee benefitsLn 9$13K
Payroll taxesLn 10$11K
Accounting feesLn 11c$5K
Advertising and promotionLn 12$13K
Office expensesLn 13$1K
Information technologyLn 14$5K
OccupancyLn 16$30K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$4K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$15K
Total functional expensesLn 25$435K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $415K$448K−$33K$517K 990 PDF
FY2023 $414K$521K−$107K$550K 990 PDF
FY2022 $366K$323K$44K$658K 990 PDF
FY2021 $420K$286K$134K$614K 990 PDF
FY2020 Viewing $373K$435K−$62K$480K 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
See the full FY2020 990 (5 parts)
Part I · Summary $372,813 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $391,906$353,298
I-9 Program service revenuePrior year $17,037$17,370
I-10 Investment incomePrior year $2,846$2,145
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $411,789$372,813
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $354,384$356,826
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $144,478$78,381
I-18 Total expensesPrior year $498,862$435,207
I-19 Revenue less expensesPrior year −$87,073−$62,394
Part VIII · Statement of revenue $372,813 across 5 lines filed
VIII-1b Membership dues$353,298
VIII-1h Total contributions, gifts and grants$353,298
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,370$17,370
VIII-3 Investment incomeExcluded from tax $2,145$2,145
VIII-12 Total revenueRelated to mission $17,370 · Unrelated business $0 · Excluded from tax $2,145$372,813
Part IX · Statement of functional expenses $435,207 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$181,239
IX-7 Other salaries and wages$145,149
IX-8 Pension plan contributions$6,356
IX-9 Other employee benefits$12,852
IX-10 Payroll taxes$11,230
IX-11c Accounting fees$5,250
IX-12 Advertising and promotion$12,992
IX-13 Office expenses$1,339
IX-14 Information technology$4,745
IX-16 Occupancy$29,931
IX-17 Travel$1,117
IX-19 Conferences, conventions and meetings$4,117
IX-23 Insurance$3,830
IX-24 Other expenses (24a–d)$15,060
IX-25 Total functional expenses$435,207
Part X · Balance sheet $483,536 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $500,269$435,392
X-2 Savings and temporary cash investmentsStart of year $47,404$48,144
X-16 Total assetsStart of year $547,673$483,536
X-25 Other liabilitiesStart of year $5,430$3,687
X-26 Total liabilitiesStart of year $5,430$3,687
X-27 Net assets without donor restrictionsStart of year $155,281$92,887
X-28 Net assets with donor restrictionsStart of year $386,962$386,962
X-32 Total net assets or fund balancesStart of year $542,243$479,849
X-33 Total liabilities and net assetsStart of year $547,673$483,536
Part XI · Reconciliation of net assets $479,849 net assets at year end
XI-1 Total revenue$372,813
XI-2 Total expenses$435,207
XI-3 Revenue less expenses−$62,394
XI-4 Net assets at start of year$542,243
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$479,849

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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