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Wayne County Development Corporation

Tax-deductible

Corydon, IA501(c)(3)Since 1991Community Development EIN 42-1381483Revenue $33K in FY2025

On file with the IRSPo Box 35, 50060-0035 · Corydon, IATax-exempt since Jan 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Economic Development of Wayne County, iowa, focusing on availability of affordable workforce housing and promoting tourism throughout

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 6
filings with a surplus
Average surplus $3K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 34.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $66K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$33K
-14% vs prior year
Spent
$47K
To programs
84%
Net assets
$139K
By yearFY2020–FY2025
Revenue
$33K
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$405K
FY2021$403K
FY2022$422K
FY2023$273K
FY2024$38K
FY2025$33K
Expenses
$47K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$5K
FY2021$212K
FY2022$1.0M
FY2023$209K
FY2024$41K
FY2025$47K
Net assets
$139K
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$527K
FY2021$708K
FY2022$92K
FY2023$156K
FY2024$152K
FY2025$139K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jan 2020.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $39K Management & general 16% · $8K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Caleb Housh
Director
$0Pt VII · Sec A
Russ McGee
Director
$0Pt VII · Sec A
Mike Still
Director
$0Pt VII · Sec A
Brenda Devore
Secretary
$0Pt VII · Sec A
Mark Hewitt
Vice Preside
$0Pt VII · Sec A
See Wayne County 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

Develops affordable workforce housing to boost economic growth in Wayne County, Iowa.

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Provided by the organization

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3 programs · $39K · in their own filed words · FY2025
01

Summer on the square meals & entertainment old settlers celebration

$29Kprogram expense
02

Humeston trails and recreation cinder path

$6Kprogram expense
03

Promotion of tourism by funding painted murals throughout the county

$4Kprogram 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 · FY2023
Community Fdn of Greater Des MoinesFY2023$66K
Total grants receivedfrom 1 funder$66K
Grants paid · 2 grants · $1.2M · 2021–2022
City of CorydonFY2022$1,025,000
Wayne Community FoundationIA · FY2021$150,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$33K
Ln 12
Gifts and grantsLn 1h$22K
Investment incomeLn 3$7K
Fees for servicesLn 2g$4K
Money outPt IX
$47K
Ln 25
Programscol B$39K
Managementcol C$8K
Owns and owesPt X
$139K
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$139K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Government grantsLn 1e$15K
Fees for servicesLn 2g$4K
Investment incomeLn 3$7K
Total revenueLn 12$33K
Assets in detailPt X, end of year
CashLn 1$75K
SavingsLn 2$59K
Cash and savings togetherLn 1–2$134K
Total assetsLn 16$139K
LiabilitiesLn 26$0
Net assetsLn 32$139K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$145K$134K
Total assetsLn 16$152K$139K
LiabilitiesLn 26$0$0
Net assetsLn 32$152K$139K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$438$438
Accounting feesLn 11c$625$625
Advertising and promotionLn 12$704$704
Office expensesLn 13$180$106$74
Information technologyLn 14$438$438
OccupancyLn 16$9K$3K$6K
TravelLn 17$189$189
Conferences, conventions and meetingsLn 19$469$469
Payments to affiliatesLn 21$26K$26K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$47K$39K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $33K$47K−$14K$139K 990 PDF
FY2024 $38K$41K−$3K$152K 990 PDF
FY2023 $273K$209K$64K$156K 990 PDF
FY2022 $422K$1.0M−$619K$92K 990 PDF
FY2021 $403K$212K$191K$708K 990 PDF
FY2020 $405K$5K$400K$527K 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 FY2025 990 (6 parts)
Part I · Summary $32,787 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,000$21,750
I-9 Program service revenuePrior year $28,196$3,675
I-10 Investment incomePrior year $7,765$7,362
I-11 Other revenue$0
I-12 Total revenuePrior year $37,961$32,787
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $41,196$46,517
I-18 Total expensesPrior year $41,196$46,517
I-19 Revenue less expensesPrior year −$3,235−$13,730
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 $32,787 across 7 lines filed
VIII-1b Membership dues$1,750
VIII-1e Government grants$15,000
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$21,750
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,675$3,675
VIII-3 Investment incomeRelated to mission $7,362$7,362
VIII-12 Total revenueRelated to mission $11,037$32,787
Part IX · Statement of functional expenses $46,517 across 10 lines filed
IX-11a Management feesPrograms $438$438
IX-11c Accounting feesManagement $625$625
IX-12 Advertising and promotionPrograms $704$704
IX-13 Office expensesPrograms $106 · Management $74$180
IX-14 Information technologyManagement $438$438
IX-16 OccupancyPrograms $2,964 · Management $6,500$9,464
IX-17 TravelPrograms $189$189
IX-19 Conferences, conventions and meetingsPrograms $469$469
IX-21 Payments to affiliatesPrograms $26,423$26,423
IX-24 Other expenses (24a–d)Programs $7,587$7,587
IX-25 Total functional expensesPrograms $38,880 · Management $7,637 · Fundraising $0$46,517
Part X · Balance sheet $138,726 assets, 6 lines filed
Asset lines not itemized here account for $4,506; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $135,108$75,454
X-2 Savings and temporary cash investmentsStart of year $10,038$58,766
X-16 Total assetsStart of year $152,456$138,726
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $152,456$138,726
X-33 Total liabilities and net assetsStart of year $152,456$138,726
Part XI · Reconciliation of net assets $138,726 net assets at year end
XI-1 Total revenue$32,787
XI-2 Total expenses$46,517
XI-3 Revenue less expenses−$13,730
XI-4 Net assets at start of year$152,456
XI-10 Net assets at end of year$138,726

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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