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Regional Development Authority FY2021 filing

Not tax-deductible
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Davenport, IA501(c)(4)Since 1990 EIN 42-1347125Revenue $7.2M in FY2021Latest return filed Oct 24, 2025

From the org Www.rdauthority.org

On file with the IRSDavenport, IATax-exempt since Apr 1998

Provided by the organization

The Regional Development Authority strategically funds initiatives to create a vibrant, inclusive, and growing community.

RDA is the non-profit license holder and Qualified Sponsoring Organization for Rhythm City Casino Resort in Davenport, IA, using casino gaming funds to award community grants. Grants go to qualified nonprofits, educational, and governmental entities, with applications accepted each spring and fall.

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  • Email
  • Phone
  • Mailing address5403 Victoria Ave, 300 Davenport IA 52807

To award grants to community non-profit agencies for charitable purposes in accordance with the iowa excursion gambling act.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1347125) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
96¢ of each $1 spent went to programs.
$130K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
5 of 5
filings with a surplus
Average surplus $1.3M a year · 17% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
96% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$130K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
Cash reserves
1.7 mo
of spending, in cash
1.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$723K
20% of total assets
Liabilities are 20% of assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
16 of 16 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
$7.2M
Spent
$5.0M
To programs
96%
Net assets
$2.8M
By yearFY2021–FY2025
Revenue
$7.2M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$7.2M
FY2022$7.1M
FY2023$7.9M
FY2024$7.2M
FY2025$7.1M
Expenses
$5.0M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$5.0M
FY2022$6.2M
FY2023$6.6M
FY2024$6.2M
FY2025$6.0M
Net assets
$2.8M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.8M
FY2022$3.7M
FY2023$5.0M
FY2024$6.0M
FY2025$7.0M

From the FY2021 Form 990 (year ending June 2021) · 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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1998.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $4.8M Management & general 4% · $191K

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

Who runs it and what they're paid

15 people listed on the 990; $130K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$129,538Pt VII · Sec A
Cody Allen
Secretary
$0Pt VII · Sec A
Michael Cole
Director
$0Pt VII · Sec A
Sue Daly
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Aj Loss
Vice Chair
$0Pt VII · Sec A
Fran Maus
Director
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Matt Mendenhall$159,365$162,513$154,046$132,383$129,538

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.

See Regional Development Authority 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

Awards grants to community agencies for charitable purposes.

Questions for Regional Development Authority

Tap to ask. Regional Development Authority sees how many people are interested.

Your first name shows with your question. Regional Development Authority answers here, for everyone.

1 program · $4.8M · in their own filed words · FY2020
01

Provided support to organizations qualified to receive funds into the following categories: riverfront development, neighborhood development, economic development, culture, heritage, and education.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1347125) · Dispute this line
$4.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Quad Cities Community FoundationFY2022$7K
Total grants receivedfrom 1 funder$7K
Grants paid · 5 grants · $28.9M · 2020–2024
See Attached List of GranteesFY2024$5,696,237
See Attached List of GranteesFY2023$5,956,627
See Attached List of GranteesFY2022$6,356,236
See Attached List of GranteesFY2021$6,012,779
See Attached List of GranteesFY2020$4,840,964

By the numbers

Org confirmed 0 of 9 linesconfirmednot yet

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.2M
Ln 12
Fees for servicesLn 2g$7.1M
Investment incomeLn 3$89K
Other incomeLn 4–11$4K
Money outPt IX
$5.0M
Ln 25
Programscol B$4.8M
Managementcol C$191K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$705K
Total assetsLn 16$3.6M
LiabilitiesLn 26$723K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.1M
Investment incomeLn 3$89K
Other incomeLn 4–11$4K
Gains on assetsLn 7$4K
Total revenueLn 12$7.2M
Assets in detailPt X, end of year
CashLn 1$705K
Cash and savings togetherLn 1–2$705K
Accounts receivableLn 4$427K
Other assetsLn 15$2.4M
Total assetsLn 16$3.6M
LiabilitiesLn 26$723K
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$444K$705K
Total assetsLn 16$871K$3.6M
LiabilitiesLn 26$193K$723K
Net assetsLn 32$679K$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.8M$4.8M
Other salaries and wagesLn 7$130K$130K
Pension plan contributionsLn 8$14K$14K
Payroll taxesLn 10$11K$11K
Legal feesLn 11b$275$275
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$3K$3K
Information technologyLn 14$12K$12K
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$5K$5K
Total functional expensesLn 25$5.0M$4.8M$191K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Oct 24, 2025 $7.1M$6.0M$1.1M$7.0M 990 PDF
FY2024Filed with the IRS Nov 15, 2024 $7.2M$6.2M$950K$6.0M 990 PDF
FY2023Filed with the IRS Dec 18, 2023 $7.9M$6.6M$1.3M$5.0M 990 PDF
FY2022Filed with the IRS Sep 21, 2022 $7.1M$6.2M$892K$3.7M 990 PDF
FY2021 ViewingFiled with the IRS Sep 24, 2021 $7.2M$5.0M$2.2M$2.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $7,201,461 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,833,827$7,108,504
I-10 Investment incomePrior year $2,014$92,957
I-11 Other revenue$0
I-12 Total revenuePrior year $2,835,841$7,201,461
I-13 Grants and similar amounts paidPrior year $2,026,495$4,840,964
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $144,461$154,935
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $22,979$36,563
I-18 Total expensesPrior year $2,193,935$5,032,462
I-19 Revenue less expensesPrior year $641,906$2,168,999
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $7,201,461 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,108,504$7,108,504
VIII-3 Investment incomeRelated to mission $10,651 · Excluded from tax $78,229$88,880
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,077$4,077
VIII-12 Total revenueRelated to mission $7,123,232 · Excluded from tax $78,229$7,201,461
Part IX · Statement of functional expenses $5,032,462 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $4,840,964$4,840,964
IX-7 Other salaries and wagesManagement $129,538$129,538
IX-8 Pension plan contributionsManagement $14,348$14,348
IX-10 Payroll taxesManagement $11,049$11,049
IX-11b Legal feesManagement $275$275
IX-11c Accounting feesManagement $6,663$6,663
IX-11f Investment management feesManagement $3,162$3,162
IX-13 Office expensesManagement $2,639$2,639
IX-14 Information technologyManagement $12,100$12,100
IX-19 Conferences, conventions and meetingsManagement $7,000$7,000
IX-23 InsuranceManagement $4,724$4,724
IX-25 Total functional expensesPrograms $4,840,964 · Management $191,498 · Fundraising $0$5,032,462
Part X · Balance sheet $3,570,300 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $443,734$704,818
X-4 Accounts receivableStart of year $427,462$427,150
X-15 Other assets$2,438,332
X-16 Total assetsStart of year $871,196$3,570,300
X-17 Accounts payable and accrued expensesStart of year $4,854$3,748
X-18 Grants payableStart of year $187,807$719,018
X-26 Total liabilitiesStart of year $192,661$722,766
X-31 Retained earnings or endowmentStart of year $678,535$2,847,534
X-32 Total net assets or fund balancesStart of year $678,535$2,847,534
X-33 Total liabilities and net assetsStart of year $871,196$3,570,300
Part XI · Reconciliation of net assets $2,847,534 net assets at year end
XI-1 Total revenue$7,201,461
XI-2 Total expenses$5,032,462
XI-3 Revenue less expenses$2,168,999
XI-4 Net assets at start of year$678,535
XI-10 Net assets at end of year$2,847,534

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

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