Davis County Development Corp INC FY2022 filing

Bloomfield, IA · Business league / trade association · Since 1989

! Not tax-deductible
Revenue
$49K
-24% vs prior year
Spent
$57K
To programs
28%
Net assets
$109K
By yearFY2020–FY2025
Revenue
$49K
FY2022▼ -24%
Revenue by fiscal year
FY2020$69K
FY2021$65K
FY2022$49K
FY2023$54K
FY2024$56K
FY2025$56K
Expenses
$57K
FY2022▼ -13%
Expenses by fiscal year
FY2020$51K
FY2021$66K
FY2022$57K
FY2023$58K
FY2024$55K
FY2025$51K
Net assets
$109K
FY2022▼ -7%
Net assets by fiscal year
FY2020$116K
FY2021$117K
FY2022$109K
FY2023$105K
FY2024$106K
FY2025$113K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CDavis County Development Corp INC
EINHdr · item D42-1343684
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFAug 1990
Year of formationHdr · item L1989
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CBloomfield, IA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jdaviscounty.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.28 Management & general $0.72
Program services28%$16K
Management & general72%$41K
Total functional expensesLn 25$57K

Financial health

Is it on solid ground?

Operating surplus
-16%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
72%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$113K
FY2022▼ -6%
Total assets by fiscal year
FY2020$116K
FY2021$121K
FY2022$113K
FY2023$108K
FY2024$109K
FY2025$116K
Total liabilities
$4K
FY2022▲ +21%
Total liabilities by fiscal year
FY2020$0
FY2021$3K
FY2022$4K
FY2023$3K
FY2024$3K
FY2025$3K
Revenue less expensesPt I · Ln 19−$8K
Total assetsPt X · Ln 16$113K
Program-expense ratioPt IX · col B28%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$81K
Total assetsLn 16$113K
Total liabilitiesLn 26$4K
Total net assetsLn 32$109K
Months of cash on handcomputed16.9

Statement of Revenue

Part VIII
Contributions & grants$49K · 99%
Other revenue$340 · 1%
Contributions & grants99%$49K
Other revenue1%$340
— government grantsLn 1e$276
Total revenueLn 12$49K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $81K · Operating expenses/yr $57K
16.9 months
Where the money goes
Program services
Program services $16K · Total expenses $57K
28%
Management & General
Management & general $41K · Total expenses $57K
72%
Fundraising
Fundraising $0 · Total expenses $57K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $60K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $49K · Total revenue $49K
99%
Government reliance
Government grants $276 · Total revenue $49K
0.6%
Earned-income share
Program service revenue $0 · Total revenue $49K
0%
Investment reliance
Investment income $0 · Total revenue $49K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $57K
0%
Growth & trend
Revenue growth (YoY)
This year $49K · Prior year $65K
-24%
Net-asset trend (YoY)
End of year $109K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $49K · Expenses $57K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $113K
—
Net-asset ratio
Net assets $109K · Total assets $113K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $113K
0%
People & payroll
Highest Reported Total Compensation
Individual Dale Taylor · Reported title President · Highest reported compensation $0 · Total expenses $57K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $57K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 28%——
Overhead ratio 72%——
Fundraising cost ratio 0%——
Revenue growth -24%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Davis County Development Corp INC executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Boosts local economy by helping businesses grow and attracting new ones to Davis County.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

Building of community relations between various government and local organizations. Obtaining and administrating loans for business development and expansion.

Pt IX · col B

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $56K$51K+0.8% 990 PDF
FY2024 $56K$55K+3% 990 PDF
FY2023 $54K$58K+10% 990 PDF
FY2022 Viewing $49K$57K-24% 990 PDF
FY2021 $65K$66K-6% 990 PDF
FY2020 $69K$51K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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