Obrien County Economic Development FY2020 filing

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The ocedc mission is to conserve, improve, develop and expand existing industrial, commercial and professional enterprises.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
18¢ of each $1 spent went to programs.
$76K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
4 of 5
filings with a surplus
Average surplus $49K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
18%
of spending
Concern: 18% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
74 mo
of spending, in cash
Looks good: 74.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$228K
Spent
$183K
To programs
18%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$228K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$228K
FY2021$252K
FY2022$333K
FY2024$221K
FY2025$284K
Expenses
$183K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$183K
FY2021$188K
FY2022$209K
FY2024$282K
FY2025$212K
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.5M
FY2024$1.5M
FY2025$1.6M

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 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 Sep 2001.

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

Where the money goes

18 cents of each dollar spent went to programs.

Program services 18% · $32K Management & general 82% · $151K

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

10 people listed on the 990; $76K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Exec Directo
$75,627Pt VII · Sec A
County Super
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kiana Johnson’s $94K as Exec Directo is at the 68th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2022FY2021FY2020
Kiana Johnson$94,272$82,476$87,837$81,991$75,627

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 Obrien County Economic Development 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 15aYes

Programs and updates

Helps businesses grow and improve to strengthen the local economy.

Questions for Obrien County Economic Development

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Provided by the organization

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1 program · $32K · in their own filed words · FY2019
01

O'brien county economic development provides low interest rate loans to businesses located in o'brien county, iowa for the expansion and growth of area businesses and the CREATION/PRESERVATION of area jobs.

$32Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$228K
Ln 12
Gifts and grantsLn 1h$164K
Fees for servicesLn 2g$50K
Investment incomeLn 3$9K
Money outPt IX
$183K
Ln 25
Programscol B$32K
Managementcol C$151K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$164K
Government grantsLn 1e$160K
Fees for servicesLn 2g$50K
Investment incomeLn 3$9K
Other incomeLn 4–11$5K
Total revenueLn 12$228K
Assets in detailPt X, end of year
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$4K
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.1M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 631
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$1.2M$1.1M
Land, buildings, equipmentLn 10c$19K$14K
Total assetsLn 16$2.3M$2.5M
LiabilitiesLn 26$1.0M$1.1M
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$79K$79K
Other salaries and wagesLn 7$23K$23K
Pension plan contributionsLn 8$9K$9K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$11K$10K$687
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$4K$4K
OccupancyLn 16$4K$4K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$2K$2K$286
Total functional expensesLn 25$183K$32K$151K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $284K$212K$71K$1.6M 990 PDF
FY2024 $221K$282K−$61K$1.5M 990 PDF
FY2023 Not on file
FY2022 $333K$209K$124K$1.5M 990 PDF
FY2021 $252K$188K$65K$1.4M 990 PDF
FY2020 Viewing $228K$183K$45K$1.3M 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 FY2020 990 (6 parts)
Part I · Summary $228,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $166,118$163,822
I-9 Program service revenuePrior year $39,108$49,639
I-10 Investment incomePrior year $10,782$9,413
I-11 Other revenuePrior year $2,100$5,212
I-12 Total revenuePrior year $218,108$228,086
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $109,319$118,800
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $58,861$64,489
I-18 Total expensesPrior year $168,180$183,289
I-19 Revenue less expensesPrior year $49,928$44,797
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $228,086 across 7 lines filed
VIII-1e Government grants$160,272
VIII-1f All other contributions, gifts and grants$3,550
VIII-1h Total contributions, gifts and grants$163,822
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $49,639$49,639
VIII-3 Investment incomeExcluded from tax $9,413$9,413
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,212$5,212
VIII-12 Total revenueRelated to mission $5,212 · Excluded from tax $59,052$228,086
Part IX · Statement of functional expenses $183,289 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $79,456$79,456
IX-7 Other salaries and wagesManagement $22,645$22,645
IX-8 Pension plan contributionsManagement $9,276$9,276
IX-10 Payroll taxesManagement $7,423$7,423
IX-11c Accounting feesPrograms $10,049 · Management $687$10,736
IX-11g Other fees for servicesPrograms $10,380$10,380
IX-12 Advertising and promotionManagement $2,995$2,995
IX-13 Office expensesManagement $3,594$3,594
IX-16 OccupancyManagement $4,324$4,324
IX-17 TravelManagement $4,227$4,227
IX-19 Conferences, conventions and meetingsManagement $6,819$6,819
IX-20 InterestPrograms $9,895$9,895
IX-22 Depreciation, depletion and amortizationManagement $5,861$5,861
IX-23 InsuranceManagement $3,296$3,296
IX-24 Other expenses (24a–d)Programs $2,076 · Management $286$2,362
IX-25 Total functional expensesPrograms $32,400 · Management $150,889 · Fundraising $0$183,289
Part X · Balance sheet $2,489,299 assets, 12 lines filed
Asset lines not itemized here account for $1,314,908; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,199,017$1,136,999
X-4 Accounts receivableStart of year $595$802
X-9 Prepaid expenses and deferred chargesStart of year $11,930$18,638
X-10c Land, buildings and equipment, netStart of year $19,102$14,441
X-15 Other assetsStart of year $2,523$3,511
X-16 Total assetsStart of year $2,337,493$2,489,299
X-17 Accounts payable and accrued expensesStart of year $12,902$16,969
X-26 Total liabilitiesStart of year $1,036,483$1,143,492
X-27 Net assets without donor restrictionsStart of year $1,301,010$951,911
X-28 Net assets with donor restrictions$393,896
X-32 Total net assets or fund balancesStart of year $1,301,010$1,345,807
X-33 Total liabilities and net assetsStart of year $2,337,493$2,489,299
Part XI · Reconciliation of net assets $1,345,807 net assets at year end
XI-1 Total revenue$228,086
XI-2 Total expenses$183,289
XI-3 Revenue less expenses$44,797
XI-4 Net assets at start of year$1,301,010
XI-10 Net assets at end of year$1,345,807

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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