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Hospers Area Development Corporation

Tax-deductible

Hospers, IA501(c)(3) EIN 42-1346625Revenue $83K in FY2024Latest return filed Aug 1, 2025

On file with the IRSHospers, IATax-exempt since Apr 1990Publicly supported — 509(a)(2)

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To provide the community of Hospers and surrounding Area access to a local dialysis center and provide to the community a wellness center to promote health and wellness in the Area.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1346625) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $317 a year · 0.4% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
6.0 mo
of spending, in cash
6.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$83K
-10% vs prior year
Spent
$105K
To programs
99%
Net assets
$634K
By yearFY2020–FY2024
Revenue
$83K
FY2024▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$95K
FY2021$115K
FY2022−$13K
FY2023$92K
FY2024$83K
Expenses
$105K
FY2024▲ +91%
Tap a bar for its year
Expenses by fiscal year
FY2020$66K
FY2021$82K
FY2022$64K
FY2023$55K
FY2024$105K
Net assets
$634K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$662K
FY2021$696K
FY2022$619K
FY2023$656K
FY2024$634K

From the FY2024 Form 990 · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1990.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $103K Management & general 1% · $1K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Dannie Dykstra
Treasurer/Se
$0Pt VII · Sec A
Michael Thompson
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Falkena
Director
$0Pt VII · Sec A
Sarah Otto
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hospers Area Development Corporation 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

Offers local dialysis and a wellness center to promote community health.

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1 program · $103K · in their own filed words · FY2024
01

Promote and assist in community development through the rental of a medical clinic & dialysis center.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1346625) · Dispute this line
$103Kprogram expense

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 · 1 grant · $50K · 2024–2024
Hospers Firefighters Association IncorporatedIA · FY2024$50,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$83K
Ln 12
Fees for servicesLn 2g$82K
Investment incomeLn 3$746
Money outPt IX
$105K
Ln 25
Programscol B$103K
Managementcol C$1K
Owns and owesPt X
$634K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$634K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$82K
Investment incomeLn 3$746
Total revenueLn 12$83K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$53K
Land, buildings, equipmentLn 10c$536K
Other assetsLn 15$46K
Total assetsLn 16$634K
LiabilitiesLn 26$0
Net assetsLn 32$634K
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 FY24End FY24
Cash and savingsLn 1–2$49K$53K
Land, buildings, equipmentLn 10c$561K$536K
Total assetsLn 16$656K$634K
LiabilitiesLn 26$0$0
Net assetsLn 32$656K$634K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Accounting feesLn 11c$1K$1K
OccupancyLn 16$25K$25K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$500$500
Total functional expensesLn 25$105K$103K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Aug 1, 2025 $83K$105K−$22K$634K 990 PDF
FY2023Filed with the IRS Mar 28, 2024 $92K$55K$37K$656K 990 PDF
FY2022Filed with the IRS Jul 14, 2023 −$13K$64K−$77K$619K 990 PDF
FY2021Filed with the IRS Aug 15, 2022 $115K$82K$33K$696K 990 PDF
FY2020Filed with the IRS Sep 2, 2021 $95K$66K$29K$662K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $82,946 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,000$0
I-9 Program service revenuePrior year $86,750$82,200
I-10 Investment incomePrior year $165$746
I-11 Other revenuePrior year $95$0
I-12 Total revenuePrior year $92,010$82,946
I-13 Grants and similar amounts paid$50,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,816$54,592
I-18 Total expensesPrior year $54,816$104,592
I-19 Revenue less expensesPrior year $37,194−$21,646
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $82,946 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $82,200$82,200
VIII-3 Investment incomeExcluded from tax $746$746
VIII-12 Total revenueRelated to mission $82,200 · Excluded from tax $746$82,946
Part IX · Statement of functional expenses $104,592 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $50,000$50,000
IX-11c Accounting feesManagement $1,475$1,475
IX-16 OccupancyPrograms $24,520$24,520
IX-22 Depreciation, depletion and amortizationPrograms $25,416$25,416
IX-23 InsurancePrograms $2,681$2,681
IX-24 Other expenses (24a–d)Programs $500$500
IX-25 Total functional expensesPrograms $103,117 · Management $1,475 · Fundraising $0$104,592
Part X · Balance sheet $634,228 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $27,774$30,798
X-2 Savings and temporary cash investmentsStart of year $21,098$21,844
X-10c Land, buildings and equipment, netStart of year $561,203$535,787
X-15 Other assetsStart of year $45,799$45,799
X-16 Total assetsStart of year $655,874$634,228
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $655,874$634,228
X-32 Total net assets or fund balancesStart of year $655,874$634,228
X-33 Total liabilities and net assetsStart of year $655,874$634,228
Part XI · Reconciliation of net assets $634,228 net assets at year end
XI-1 Total revenue$82,946
XI-2 Total expenses$104,592
XI-3 Revenue less expenses−$21,646
XI-4 Net assets at start of year$655,874
XI-10 Net assets at end of year$634,228

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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