Dallas County Development INC FY2021 filing

Not tax-deductible

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

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

$47K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · 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
$47K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
26 mo
of spending, in cash
Looks good: 26.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
34
of 34 voting members
Looks good: 34 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$420K
+13% vs prior year
Spent
$286K
Net assets
$614K
By yearFY2020–FY2024
Revenue
$420K
FY2021▲ +13%
Revenue by fiscal year
FY2020$373K
FY2021$420K
FY2022$366K
FY2023$414K
FY2024$415K
FY2024$392K
Expenses
$286K
FY2021▼ -34%
Expenses by fiscal year
FY2020$435K
FY2021$286K
FY2022$323K
FY2023$521K
FY2024$448K
FY2024$388K
Net assets
$614K
FY2021▲ +28%
Net assets by fiscal year
FY2020$480K
FY2021$614K
FY2022$658K
FY2023$550K
FY2024$517K
FY2024$522K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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

35 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$46,648Pt 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.

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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

This section is blank until Dallas County Development INC claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

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

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$420K
Ln 12
Gifts and grantsLn 1h$349K
Other incomeLn 4–11$59K
Fees for servicesLn 2g$11K
Money outPt IX
$286K
Ln 25
Owns and owesPt X
$614K
net assets · Ln 32
Cash and savingsLn 1–2$622K
Total assetsLn 16$622K
LiabilitiesLn 26$8K
PeoplePt VI, VII
35
listed · VII A
PaidVII A1
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$349K
Fees for servicesLn 2g$11K
Investment incomeLn 3$1K
Other incomeLn 4–11$59K
Total revenueLn 12$420K
Assets in detailPt X, end of year
CashLn 1$573K
SavingsLn 2$48K
Cash and savings togetherLn 1–2$622K
Total assetsLn 16$622K
LiabilitiesLn 26$8K
Net assetsLn 32$614K
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 FY21End FY21
Cash and savingsLn 1–2$484K$622K
Total assetsLn 16$484K$622K
LiabilitiesLn 26$4K$8K
Net assetsLn 32$480K$614K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$49K
Other salaries and wagesLn 7$105K
Pension plan contributionsLn 8$7K
Other employee benefitsLn 9$13K
Payroll taxesLn 10$12K
Accounting feesLn 11c$5K
Other fees for servicesLn 11g$26K
Advertising and promotionLn 12$3K
Office expensesLn 13$1K
Information technologyLn 14$20K
OccupancyLn 16$30K
TravelLn 17$2K
Conferences, conventions and meetingsLn 19$217
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$10K
Total functional expensesLn 25$286K

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 Viewing $420K$286K$134K$614K 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $420,155 across 6 lines filed
VIII-1b Membership dues$349,172
VIII-1h Total contributions, gifts and grants$349,172
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,700$10,700
VIII-3 Investment incomeExcluded from tax $1,183$1,183
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $59,100$59,100
VIII-12 Total revenueRelated to mission $69,800 · Unrelated business $0 · Excluded from tax $1,183$420,155
Part IX · Statement of functional expenses $286,008 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$48,699
IX-7 Other salaries and wages$104,664
IX-8 Pension plan contributions$6,568
IX-9 Other employee benefits$12,717
IX-10 Payroll taxes$11,858
IX-11c Accounting fees$5,000
IX-11g Other fees for services$26,175
IX-12 Advertising and promotion$3,236
IX-13 Office expenses$1,087
IX-14 Information technology$20,291
IX-16 Occupancy$29,931
IX-17 Travel$1,896
IX-19 Conferences, conventions and meetings$217
IX-23 Insurance$3,642
IX-24 Other expenses (24a–d)$10,027
IX-25 Total functional expenses$286,008
Part X · Balance sheet $621,986 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $435,392$573,498
X-2 Savings and temporary cash investmentsStart of year $48,144$48,488
X-16 Total assetsStart of year $483,536$621,986
X-25 Other liabilitiesStart of year $3,687$7,990
X-26 Total liabilitiesStart of year $3,687$7,990
X-27 Net assets without donor restrictionsStart of year $92,887$227,034
X-28 Net assets with donor restrictionsStart of year $386,962$386,962
X-32 Total net assets or fund balancesStart of year $479,849$613,996
X-33 Total liabilities and net assetsStart of year $483,536$621,986
Part XI · Reconciliation of net assets $613,996 net assets at year end
XI-1 Total revenue$420,155
XI-2 Total expenses$286,008
XI-3 Revenue less expenses$134,147
XI-4 Net assets at start of year$479,849
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$613,996

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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