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Clinton County Development Association FY2021 filing

Not tax-deductible

Clinton, IA501(c)(4)EIN 42-1340090

To distribute funds from gaming operations

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
4 of 5
filings with a surplus
Average surplus $27K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 28.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$979K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+42% vs prior year
Spent
$1.1M
To programs
97%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$1.6M
FY2021▲ +42%
Revenue by fiscal year
FY2020$1.1M
FY2021$1.6M
FY2022$1.5M
FY2023$2.1M
FY2024$1.6M
Expenses
$1.1M
FY2021▲ +65%
Expenses by fiscal year
FY2020$635K
FY2021$1.1M
FY2022$3.0M
FY2023$1.9M
FY2024$1.1M
Net assets
$1.7M
FY2021▲ +48%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.7M
FY2022$131K
FY2023$321K
FY2024$775K

From the FY2021 Form 990 · figures checked against the IRS filing · 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 May 1998.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $1.0M Management & general 3% · $32K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
David Sivright JR
Vice Preside
$0Pt VII · Sec A
Peg Wolf MD
Treasurer
$0Pt VII · Sec A
Jerome Burken
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Ed Hupfer
Director
$0Pt VII · Sec A
Kim Clausen
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clinton County Development Association 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

Distributes funds generated from gaming operations to support its mission.

Provided by the organization

This section is blank until Clinton County Development Association claims this page.

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2 program services account for $1.0M of program spending, described in the organization's own filed words · FY2021.
01

Money received by this organization is cycled back into the local community through the issuance of grants and other awards given to numerous local nonprofit organizations.

$994Kprogram expense
02

Money received by this organization is cycled back into the local community through the issuance of numerous scholarships to area high school graduates.

$25Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $7.5M · 2020–2024
GrantsFY2024$1,002,007
Unitemized GrantFY2024$25,000
Grants (see Attached Schedule)FY2023$1,852,695
Unitemized GrantFY2023$25,000
Grants (see Attached Schedule)FY2022$2,976,893
Unitemized GrantFY2022$25,000
Grants (see Attached Schedule)FY2021$993,721
Unitemized GrantFY2021$25,000
Grants (see Attached Schedule)FY2020$580,000
Unitemized GrantFY2020$25,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$69K
Investment incomeLn 3$15K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$32K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$2.6M
LiabilitiesLn 26$979K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$15K
Other incomeLn 4–11$69K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$2.5M
Other assetsLn 15$2K
Total assetsLn 16$2.6M
LiabilitiesLn 26$979K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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$1.8M$2.5M
Total assetsLn 16$1.9M$2.6M
LiabilitiesLn 26$823K$979K
Net assetsLn 32$1.1M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$994K$994K
Grants to domestic individualsLn 2$25K$25K
Legal feesLn 11b$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
Information technologyLn 14$4K$4K
OccupancyLn 16$4K$4K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$1.1M$1.0M$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.1M$455K$775K 990 PDF
FY2023 $2.1M$1.9M$189K$321K 990 PDF
FY2022 $1.5M$3.0M−$1.5M$131K 990 PDF
FY2021 Viewing $1.6M$1.1M$539K$1.7M 990 PDF
FY2020 $1.1M$635K$487K$1.1M 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 $1,588,934 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,505,308$1,505,308
VIII-3 Investment incomeExcluded from tax $14,665$14,665
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $68,961$68,961
VIII-12 Total revenueRelated to mission $1,574,269 · Excluded from tax $14,665$1,588,934
Part IX · Statement of functional expenses $1,050,304 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $993,721$993,721
IX-2 Grants to domestic individualsPrograms $25,000$25,000
IX-11b Legal feesManagement $6,975$6,975
IX-12 Advertising and promotionManagement $2,054$2,054
IX-13 Office expensesManagement $2,506$2,506
IX-14 Information technologyManagement $3,660$3,660
IX-16 OccupancyManagement $3,979$3,979
IX-24 Other expenses (24a–d)Management $12,409$12,409
IX-25 Total functional expensesPrograms $1,018,721 · Management $31,583 · Fundraising $0$1,050,304
Part X · Balance sheet $2,643,623 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $25,013$11,640
X-2 Savings and temporary cash investmentsStart of year $1,796,199$2,500,551
X-4 Accounts receivableStart of year $126,075$129,773
X-15 Other assetsStart of year $1,365$1,659
X-16 Total assetsStart of year $1,948,652$2,643,623
X-17 Accounts payable and accrued expensesStart of year $60,089$80,401
X-18 Grants payableStart of year $762,680$898,709
X-26 Total liabilitiesStart of year $822,769$979,110
X-27 Net assets without donor restrictionsStart of year $1,125,883$1,664,513
X-32 Total net assets or fund balancesStart of year $1,125,883$1,664,513
X-33 Total liabilities and net assetsStart of year $1,948,652$2,643,623
Part XI · Reconciliation of net assets $1,664,513 net assets at year end
XI-1 Total revenue$1,588,934
XI-2 Total expenses$1,050,304
XI-3 Revenue less expenses$538,630
XI-4 Net assets at start of year$1,125,883
XI-10 Net assets at end of year$1,664,513

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

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