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Dunlap Community Development Corporation FY2022 filing

Not tax-deductible

Dunlap, IA501(c)(6)Mutual / membership EIN 42-1370980Revenue $104K in FY2022

On file with the IRSdcdconline.comPo Box 33, 51529-0033 · Dunlap, IATax-exempt since Apr 1993

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Community betterment and Development through helping existing businesses expand and encouraging new industrial Development.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $37K a year · 19% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
44 mo
of spending, in cash
Looks good: 44.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$104K
Spent
$96K
To programs
0%
Net assets
$612K
By yearFY2022–FY2025
Revenue
$104K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$104K
FY2023$160K
FY2024$257K
FY2025$256K
Expenses
$96K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$96K
FY2023$186K
FY2024$188K
FY2025$160K
Net assets
$612K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$612K
FY2023$587K
FY2024$667K
FY2025$764K

From the FY2022 Form 990 (year ending May 2022) · see the original

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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 Apr 1993.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $96K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Julie Elder
Secretary
$0Pt VII · Sec A
Jay Randall
Vice Preside
$0Pt VII · Sec A
Jake Schaben
Treasurer
$0Pt VII · Sec A
See Dunlap Community Development Corporation executive salaries →

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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

Helps businesses grow and new industries start to improve communities.

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1 program · in their own filed words · FY2021
01

Community betterment and development through helping existing businesses expand and encouraging new industrial development.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$104K
Ln 12
Gifts and grantsLn 1h$162K
Fees for servicesLn 2g$6K
Investment incomeLn 3$2K
Money outPt IX
$96K
Ln 25
Managementcol C$96K
Owns and owesPt X
$612K
net assets · Ln 32
Cash and savingsLn 1–2$353K
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Government grantsLn 1e$300
Fees for servicesLn 2g$6K
Investment incomeLn 3$2K
Gains on assetsLn 7−$15K
Total revenueLn 12$104K
Assets in detailPt X, end of year
CashLn 1$353K
Cash and savings togetherLn 1–2$353K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.4M
Net assetsLn 32$612K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderMay
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$360K$353K
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$2.1M$2.0M
LiabilitiesLn 26$1.5M$1.4M
Net assetsLn 32$605K$612K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$10K$10K
Payroll taxesLn 10$883$883
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$1K
Conferences, conventions and meetingsLn 19$861$861
InterestLn 20$54K$54K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$18K$18K
Total functional expensesLn 25$96K$0$96K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $256K$160K$97K$764K 990 PDF
FY2024 $257K$188K$69K$667K 990 PDF
FY2023 $160K$186K−$26K$587K 990 PDF
FY2022 Viewing $104K$96K$8K$612K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $103,546 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $176,489$162,034
I-9 Program service revenuePrior year $1,184$5,682
I-10 Investment incomePrior year $1,854−$13,469
I-11 Other revenuePrior year −$50,250−$50,701
I-12 Total revenuePrior year $129,277$103,546
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,766$10,857
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $282,910$85,128
I-18 Total expensesPrior year $285,676$95,985
I-19 Revenue less expensesPrior year −$156,399$7,561
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $103,546 across 9 lines filed
VIII-1b Membership dues$3,000
VIII-1e Government grants$300
VIII-1f All other contributions, gifts and grants$158,734
VIII-1h Total contributions, gifts and grants$162,034
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,682$5,682
VIII-3 Investment incomeExcluded from tax $1,515$1,515
VIII-6 Net rental income or lossUnrelated business −$50,701−$50,701
VIII-7 Net gain or loss on sales of assetsRelated to mission −$14,984−$14,984
VIII-12 Total revenueRelated to mission −$9,302 · Unrelated business −$50,701 · Excluded from tax $1,515$103,546
Part IX · Statement of functional expenses $95,985 across 9 lines filed
IX-7 Other salaries and wagesManagement $9,974$9,974
IX-10 Payroll taxesManagement $883$883
IX-11c Accounting feesManagement $3,185$3,185
IX-12 Advertising and promotionManagement $2,338$2,338
IX-13 Office expensesManagement $1,010$1,010
IX-19 Conferences, conventions and meetingsManagement $861$861
IX-20 InterestManagement $53,537$53,537
IX-23 InsuranceManagement $5,872$5,872
IX-24 Other expenses (24a–d)Management $18,325$18,325
IX-25 Total functional expensesPrograms $0 · Management $95,985 · Fundraising $0$95,985
Part X · Balance sheet $1,977,339 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $359,801$353,265
X-4 Accounts receivableStart of year $3,250$6,500
X-10c Land, buildings and equipment, netStart of year $1,657,746$1,617,574
X-16 Total assetsStart of year $2,120,797$1,977,339
X-17 Accounts payable and accrued expensesStart of year $11,318$11,318
X-25 Other liabilitiesStart of year $13,331$20,547
X-26 Total liabilitiesStart of year $1,515,898$1,364,879
X-32 Total net assets or fund balancesStart of year $604,899$612,460
X-33 Total liabilities and net assetsStart of year $2,120,797$1,977,339
Part XI · Reconciliation of net assets $612,460 net assets at year end
XI-1 Total revenue$103,546
XI-2 Total expenses$95,985
XI-3 Revenue less expenses$7,561
XI-4 Net assets at start of year$604,899
XI-10 Net assets at end of year$612,460

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

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