Davis County Development Corp INC FY2022 filing

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501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
28¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $2K a year · 3% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
28%
of spending
28% of spending went to programs.
Pt IX · Ln 25 · col B
16.9 mo
of spending, in cash
16.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$49K
-24% vs prior year
Spent
$57K
To programs
28%
Net assets
$109K
By yearFY2020–FY2025
Revenue
$49K
FY2022▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$69K
FY2021$65K
FY2022$49K
FY2023$54K
FY2024$56K
FY2025$56K
Expenses
$57K
FY2022▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$51K
FY2021$66K
FY2022$57K
FY2023$58K
FY2024$55K
FY2025$51K
Net assets
$109K
FY2022▼ -7%
Tap a bar for its year
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) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1990.

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

Where the money goes

28 cents of each dollar spent went to programs.

Program services 28% · $16K Management & general 72% · $41K

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

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Who runs it and what they're paid

9 people listed on the 990.

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 →

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 15aNo

Programs and updates

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

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1 program · in their own filed words · FY2022
01

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

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1343684) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$49K
Ln 12
Gifts and grantsLn 1h$49K
Other incomeLn 4–11$340
Money outPt IX
$57K
Ln 25
Programscol B$16K
Managementcol C$41K
Owns and owesPt X
$109K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$113K
LiabilitiesLn 26$4K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$49K
Government grantsLn 1e$276
Other incomeLn 4–11$340
Gains on assetsLn 7$0
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
Notes and loans receivableLn 7$30K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$113K
LiabilitiesLn 26$4K
Net assetsLn 32$109K
OperationsPt I, VI
EmployeesI 52
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$86K$81K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$121K$113K
LiabilitiesLn 26$3K$4K
Net assetsLn 32$117K$109K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$38K$38K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K$6K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$115
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$164$164
All other expensesLn 24e−$27−$27
Total functional expensesLn 25$57K$16K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 31, 2026 $56K$51K$5K$113K 990 PDF
FY2024Filed with the IRS Feb 26, 2025 $56K$55K$841$106K 990 PDF
FY2023Filed with the IRS Apr 11, 2024 $54K$58K−$4K$105K 990 PDF
FY2022 ViewingFiled with the IRS Apr 17, 2023 $49K$57K−$8K$109K 990 PDF
FY2021Filed with the IRS Mar 22, 2022 $65K$66K−$830$117K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $69K$51K$18K$116K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $49,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $64,308$48,888
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $715$340
I-12 Total revenuePrior year $65,023$49,228
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,449$40,951
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $25,404$16,197
I-18 Total expensesPrior year $65,853$57,148
I-19 Revenue less expensesPrior year −$830−$7,920
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $49,228 across 11 lines filed
VIII-1b Membership dues$49,150
VIII-1e Government grants$276
VIII-1f All other contributions, gifts and grants−$538
VIII-1h Total contributions, gifts and grants$48,888
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $340$340
VIII-12 Total revenueExcluded from tax $340$49,228
Part IX · Statement of functional expenses $57,148 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $37,960$37,960
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $2,991$2,991
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $6,185$6,185
IX-13 Office expensesPrograms $1,842$1,842
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $5,872$5,872
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$115
IX-23 InsurancePrograms $2,046$2,046
IX-24 Other expenses (24a–d)Programs $164$164
IX-24e All other expensesPrograms −$27−$27
IX-25 Total functional expensesPrograms $16,082 · Management $40,951 · Fundraising $0$57,148
Part X · Balance sheet $113,309 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $85,966$80,605
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivableStart of year $31,372$29,534
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $3,170$3,170
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2$0
X-16 Total assetsStart of year $120,510$113,309
X-25 Other liabilitiesStart of year $3,368$4,087
X-26 Total liabilitiesStart of year $3,368$4,087
X-27 Net assets without donor restrictionsStart of year $117,142$109,222
X-32 Total net assets or fund balancesStart of year $117,142$109,222
X-33 Total liabilities and net assetsStart of year $120,510$113,309
Part XI · Reconciliation of net assets $109,222 net assets at year end
XI-1 Total revenue$49,228
XI-2 Total expenses$57,148
XI-3 Revenue less expenses−$7,920
XI-4 Net assets at start of year$117,142
XI-10 Net assets at end of year$109,222

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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