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Dunlap Community Development Corporation FY2024 filing

Not tax-deductible

Dunlap, IA501(c)(6)Mutual / membership EIN 42-1370980Revenue $257K in FY2024

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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FY2024 · 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
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 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
$257K
+61% vs prior year
Spent
$188K
To programs
0%
Net assets
$667K
By yearFY2022–FY2025
Revenue
$257K
FY2024▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2022$104K
FY2023$160K
FY2024$257K
FY2025$256K
Expenses
$188K
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2022$96K
FY2023$186K
FY2024$188K
FY2025$160K
Net assets
$667K
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2022$612K
FY2023$587K
FY2024$667K
FY2025$764K

From the FY2024 Form 990 (year ending May 2024) · see the original

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You’re viewing the FY2024 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% · $188K

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 (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Julie Elder
Secretary
$0Pt VII · Sec A
Lisa Gross
Treasurer
$0Pt VII · Sec A
Jake McAllister
Vice Preside
$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 · FY2023
01

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

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$257K
Ln 12
Gifts and grantsLn 1h$203K
Fees for servicesLn 2g$57K
Investment incomeLn 3$11K
Money outPt IX
$188K
Ln 25
Managementcol C$188K
Owns and owesPt X
$667K
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.1M
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$203K
Fees for servicesLn 2g$57K
Investment incomeLn 3$11K
Gains on assetsLn 7$11K
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$178K
Cash and savings togetherLn 1–2$178K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.1M
Net assetsLn 32$667K
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 FY24End FY24
Cash and savingsLn 1–2$103K$178K
Land, buildings, equipmentLn 10c$1.7M$1.5M
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32$587K$667K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$68K$68K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$800$800
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$593$593
InterestLn 20$43K$43K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$40K$40K
All other expensesLn 24e$92$92
Total functional expensesLn 25$188K$0$188K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $256K$160K$97K$764K 990 PDF
FY2024 Viewing $257K$188K$69K$667K 990 PDF
FY2023 $160K$186K−$26K$587K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $257,316 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $181,185$202,844
I-9 Program service revenuePrior year $6,667$56,849
I-10 Investment incomePrior year $2,970$11,247
I-11 Other revenuePrior year −$30,904−$13,624
I-12 Total revenuePrior year $159,918$257,316
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $87,029$86,649
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $98,525$101,378
I-18 Total expensesPrior year $185,554$188,027
I-19 Revenue less expensesPrior year −$25,636$69,289
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 $257,316 across 8 lines filed
VIII-1b Membership dues$45,160
VIII-1f All other contributions, gifts and grants$157,684
VIII-1h Total contributions, gifts and grants$202,844
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $56,849$56,849
VIII-3 Investment incomeExcluded from tax $745$745
VIII-6 Net rental income or lossUnrelated business −$13,624−$13,624
VIII-7 Net gain or loss on sales of assetsRelated to mission $10,502$10,502
VIII-12 Total revenueRelated to mission $67,351 · Unrelated business −$13,624 · Excluded from tax $745$257,316
Part IX · Statement of functional expenses $188,027 across 12 lines filed
IX-7 Other salaries and wagesManagement $67,777$67,777
IX-9 Other employee benefitsManagement $12,000$12,000
IX-10 Payroll taxesManagement $6,872$6,872
IX-11b Legal feesManagement $800$800
IX-11c Accounting feesManagement $1,692$1,692
IX-11g Other fees for servicesManagement $1,650$1,650
IX-12 Advertising and promotionManagement $2,377$2,377
IX-13 Office expensesManagement $593$593
IX-20 InterestManagement $43,126$43,126
IX-23 InsuranceManagement $11,320$11,320
IX-24 Other expenses (24a–d)Management $39,728$39,728
IX-24e All other expensesManagement $92$92
IX-25 Total functional expensesPrograms $0 · Management $188,027 · Fundraising $0$188,027
Part X · Balance sheet $1,723,596 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $102,667$178,306
X-4 Accounts receivableStart of year $3,500$3,500
X-10c Land, buildings and equipment, netStart of year $1,695,492$1,541,790
X-16 Total assetsStart of year $1,801,659$1,723,596
X-25 Other liabilitiesStart of year $16,263$20,665
X-26 Total liabilitiesStart of year $1,214,835$1,056,176
X-32 Total net assets or fund balancesStart of year $586,824$667,420
X-33 Total liabilities and net assetsStart of year $1,801,659$1,723,596
Part XI · Reconciliation of net assets $667,420 net assets at year end
XI-1 Total revenue$257,316
XI-2 Total expenses$188,027
XI-3 Revenue less expenses$69,289
XI-4 Net assets at start of year$586,824
XI-9 Other changes in net assets$11,307
XI-10 Net assets at end of year$667,420

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

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