Dallas County Development INC FY2023 filing

Not tax-deductible

Wdm, IA501(c)(6)Since 1987EIN 42-1322391Revenue $414K in FY2023

On file with the IRSdallascounty-ia.org7037 Vista Dr, 50266-9311 · Wdm, IATax-exempt since Apr 1989

This page gets seen. Tell your story. Claim this org.

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

$83K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
$83K
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
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$414K
+13% vs prior year
Spent
$521K
Net assets
$550K
By yearFY2020–FY2024
Revenue
$414K
FY2023▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$373K
FY2021$420K
FY2022$366K
FY2023$414K
FY2024$415K
FY2024$392K
Expenses
$521K
FY2023▲ +62%
Tap a bar for its year
Expenses by fiscal year
FY2020$435K
FY2021$286K
FY2022$323K
FY2023$521K
FY2024$448K
FY2024$388K
Net assets
$550K
FY2023▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$480K
FY2021$614K
FY2022$658K
FY2023$550K
FY2024$517K
FY2024$522K

From the FY2023 Form 990 (year ending June 2023) · see the original

Give Claim
You’re viewing the FY2023 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

32 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$41,715Pt VII · Sec A
Former Executive Director
$41,046Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Questions for Dallas County Development INC

Tap to ask. Dallas County Development INC sees how many people are interested.

Your first name shows with your question. Dallas County Development INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2022
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$414K
Ln 12
Gifts and grantsLn 1h$384K
Fees for servicesLn 2g$16K
Investment incomeLn 3$13K
Money outPt IX
$521K
Ln 25
Owns and owesPt X
$550K
net assets · Ln 32
Cash and savingsLn 1–2$527K
Total assetsLn 16$550K
LiabilitiesLn 26$0
PeoplePt VI, VII
32
listed · VII A
PaidVII A2
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$384K
Fees for servicesLn 2g$16K
Investment incomeLn 3$13K
Total revenueLn 12$414K
Assets in detailPt X, end of year
CashLn 1$448K
SavingsLn 2$79K
Cash and savings togetherLn 1–2$527K
Other assetsLn 15$23K
Total assetsLn 16$550K
LiabilitiesLn 26$0
Net assetsLn 32$550K
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 FY23End FY23
Cash and savingsLn 1–2$578K$527K
Total assetsLn 16$662K$550K
LiabilitiesLn 26$5K$0
Net assetsLn 32$658K$550K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$82K
Other salaries and wagesLn 7$120K
Pension plan contributionsLn 8$6K
Other employee benefitsLn 9$12K
Accounting feesLn 11c$6K
Other fees for servicesLn 11g$3K
Advertising and promotionLn 12$34K
Office expensesLn 13$3K
Information technologyLn 14$11K
OccupancyLn 16$20K
TravelLn 17$2K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$215K
All other expensesLn 24e$4K
Total functional expensesLn 25$521K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $415K$448K−$33K$517K 990 PDF
FY2023 Viewing $414K$521K−$107K$550K 990 PDF
FY2022 $366K$323K$44K$658K 990 PDF
FY2021 $420K$286K$134K$614K 990 PDF
FY2020 $373K$435K−$62K$480K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $413,969 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $353,554$384,158
I-9 Program service revenuePrior year $11,153$16,392
I-10 Investment incomePrior year $1,479$13,419
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $366,186$413,969
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 $244,291$219,769
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $78,254$301,567
I-18 Total expensesPrior year $322,545$521,336
I-19 Revenue less expensesPrior year $43,641−$107,367
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $413,969 across 5 lines filed
VIII-1b Membership dues$384,158
VIII-1h Total contributions, gifts and grants$384,158
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,392$16,392
VIII-3 Investment incomeExcluded from tax $13,419$13,419
VIII-12 Total revenueRelated to mission $16,392 · Unrelated business $0 · Excluded from tax $13,419$413,969
Part IX · Statement of functional expenses $521,336 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$81,775
IX-7 Other salaries and wages$120,226
IX-8 Pension plan contributions$6,012
IX-9 Other employee benefits$11,756
IX-11c Accounting fees$5,920
IX-11g Other fees for services$3,292
IX-12 Advertising and promotion$33,510
IX-13 Office expenses$2,564
IX-14 Information technology$10,874
IX-16 Occupancy$19,718
IX-17 Travel$2,482
IX-23 Insurance$4,114
IX-24 Other expenses (24a–d)$215,163
IX-24e All other expenses$3,930
IX-25 Total functional expenses$521,336
Part X · Balance sheet $550,270 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $529,614$448,169
X-2 Savings and temporary cash investmentsStart of year $48,591$78,800
X-15 Other assetsStart of year $0$23,301
X-16 Total assetsStart of year $662,260$550,270
X-25 Other liabilitiesStart of year $4,623$0
X-26 Total liabilitiesStart of year $4,623$0
X-27 Net assets without donor restrictionsStart of year $354,730$349,111
X-28 Net assets with donor restrictionsStart of year $302,907$201,159
X-32 Total net assets or fund balancesStart of year $657,637$550,270
X-33 Total liabilities and net assetsStart of year $662,260$550,270
Part XI · Reconciliation of net assets $550,270 net assets at year end
XI-1 Total revenue$413,969
XI-2 Total expenses$521,336
XI-3 Revenue less expenses−$107,367
XI-4 Net assets at start of year$657,637
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$550,270

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.