Dewitt Chamber & Development Co

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EIN 42-1342254 Public charity (501(c)(3)) Dewitt, IA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$511K
FY2025▲ +62%
Expenses
$312K
FY2025▲ +2%

Form 990 for the fiscal year ending May 2025 (IRS tax year 2024).


Promotes community growth by supporting businesses and enhancing quality of life. For fiscal year 2025 it reported $511K in revenue, $312K in expenses, and $872K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Dewitt, IA
Website
www.dewittdevelopmentcompany.com
Filings
6 on file (2020–2025)
Revenue
$511KFY2025
Expenses
$312K
Net assets
$872K
People
19
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Size
$100K–1M
What they do
Promotes community growth by supporting businesses and enhancing quality of life.
Leadership
Angela Rheingans · Board Sec/Ex · $113K
Money in and out
$511K revenue, $312K expenses
Bottom line
38% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

38% to programs

38% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +62% vs prior year

Revenue band $100K–1M, +62% versus the prior filing year (up). See detail →

Where the money goes · FY2025
Total revenue
$511K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$872K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $200K
Where spending went · Part IX cols B–D
Program services $0.38 Management & general $0.62
Program efficiency
38%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
39.7mo
months of highly liquid reserves at operating expense rate▲ +45% vs prior filing year
Surplus margin
+39%
revenue over expenses, this year▲ ×10 vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$1.0M
FY2025▲ +21%
Total liabilities
$163K
FY2025▼ -10%
Revenue less expensesPt I · Ln 19$200K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B38%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CDewitt Chamber & Development Co
EINHdr · item D42-1342254
Principal addressHdr · item CDewitt, IA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Sec/Ex
$113,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
City Council
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Angela Rheingans$113,000$107,000$103,667$97,750$81,950$77,168

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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Mission & Programs · Part III

Where the work happens

3 program services account for $71K of program spending, described in the organization's own filed words · FY2024.
01

The DCDC works to improve branding, awareness, and public relations for the dewitt community. Business and community members are able to post events to our free online calendar, which populates our digital sign at our community's busiest intersection.

$66Kprogram expense
02

The DCDC is involved in supporting existing businesses, and recruiting new businesses to the dewitt area. The DCDC partners with three regional economic development entities, grow clinton, quad cities chamber, prosperity of eastern iowa and the state of iowa to recruit new business to the crossroads business park and community at large.

$5Kprogram expense
03

The DCDC promotes member business development. Membership includes over 230 member businesses. We offer a dues structure that allows members to choose the tier of membership they can afford and what they would most benefit from.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$287K · 56%
Investment income$178K · 35%
Other revenue$41K · 8%
Program service revenue$6K · 1%
Contributions & grants56%$287K
Investment income35%$178K
Other revenue8%$41K
Program service revenue1%$6K
— government grantsLn 1e$127K
Total revenueLn 12$511K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.38 Management & general $0.62
Program services38%$119K
Management & general62%$193K
Total functional expensesLn 25$312K

Balance Sheet

Part X · end of year
CashLn 1$993K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$163K
Total net assetsLn 32$872K
Months of cash on handcomputed38.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $312K
39.7 months
Where the money goes
Program services
Program services $119K · Total expenses $312K
38%
Management & General
Management & general $193K · Total expenses $312K
62%
Fundraising
Fundraising $0 · Total expenses $312K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $140K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $287K · Total revenue $511K
56%
Government reliance
Government grants $127K · Total revenue $511K
25%
Earned-income share
Program service revenue $6K · Total revenue $511K
1%
Investment reliance
Investment income $178K · Total revenue $511K
+35%
Program self-sufficiency
Program service revenue $6K · Total expenses $312K
2%
Growth & trend
Revenue growth (YoY)
This year $511K · Prior year $317K
+62%
Revenue CAGR
FY2019 $264K · FY2024 $511K
+14%
Net-asset trend (YoY)
End of year $872K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $511K · Expenses $312K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $872K · Total assets $1.0M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $40K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
4%
People & payroll
Highest Reported Total Compensation
Individual Angela Rheingans · Reported title BOARD SEC/EX · Highest reported compensation $113K · Total expenses $312K
36%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $241K · Total expenses $312K
77%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 38%——
Overhead ratio 62%——
Fundraising cost ratio 0%——
Revenue growth 62%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$511K revenue · viewing · ⤓ 990 PDF
FY2024$317K revenue · ⤓ 990 PDF
FY2023$238K revenue · ⤓ 990 PDF
FY2022$272K revenue · ⤓ 990 PDF
FY2021$303K revenue · ⤓ 990 PDF
FY2020$264K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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