philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Wayne County Development Corporation FY2024 filing

Tax-deductible

Corydon, IA501(c)(3)Since 1991Community Development EIN 42-1381483Revenue $38K in FY2024

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
42 mo
of spending, in cash
Looks good: 42.3 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
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
$38K
-86% vs prior year
Spent
$41K
To programs
91%
Net assets
$152K
By yearFY2020–FY2025
Revenue
$38K
FY2024▼ -86%
Tap a bar for its year
Revenue by fiscal year
FY2020$405K
FY2021$403K
FY2022$422K
FY2023$273K
FY2024$38K
FY2025$33K
Expenses
$41K
FY2024▼ -80%
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
$152K
FY2024▼ -2%
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 FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

91 cents of each dollar spent went to programs.

Program services 91% · $37K Management & general 9% · $4K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Keith Davis
Director
$0Pt VII · Sec A
Mark Hewitt
Director
$0Pt VII · Sec A
Lance Lange
Director
$0Pt VII · Sec A
Jimmy Spidle
Director
$0Pt VII · Sec A
Brenda Devore
Vice Preside
$0Pt VII · Sec A
Stacy Gibbs
Secretary
$0Pt VII · Sec A
Caleb Housh
President
$0Pt VII · Sec A
See Wayne County Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • 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.

Questions for Wayne County Development Corporation

Tap to ask. Wayne County Development Corporation sees how many people are interested.

Your first name shows with your question. Wayne County Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $37K · in their own filed words · FY2024
01

Summer on the square meals & entertainment old settlers celebration

$33Kprogram expense
02

Promotion of tourism by funding painted murals throughout the county

$4Kprogram expense
03

Childcare study

Pt IX · col B

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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$38K
Ln 12
Fees for servicesLn 2g$28K
Investment incomeLn 3$8K
Gifts and grantsLn 1h$2K
Money outPt IX
$41K
Ln 25
Programscol B$37K
Managementcol C$4K
Owns and owesPt X
$152K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$152K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$28K
Investment incomeLn 3$8K
Total revenueLn 12$38K
Assets in detailPt X, end of year
CashLn 1$135K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$145K
Total assetsLn 16$152K
LiabilitiesLn 26$0
Net assetsLn 32$152K
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 FY24End FY24
Cash and savingsLn 1–2$144K$145K
Total assetsLn 16$156K$152K
LiabilitiesLn 26$0$0
Net assetsLn 32$156K$152K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$22$22
Office expensesLn 13$783$783
Information technologyLn 14$536$536
OccupancyLn 16$4K$4K$489
Conferences, conventions and meetingsLn 19$288$288
Payments to affiliatesLn 21$13K$13K
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$41K$37K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $33K$47K−$14K$139K 990 PDF
FY2024 Viewing $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

More to add? Claim this org

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 $37,961 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,147$2,000
I-9 Program service revenuePrior year $107,816$28,196
I-10 Investment incomePrior year $19,776$7,765
I-11 Other revenue$0
I-12 Total revenuePrior year $272,739$37,961
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,945$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $188,837$41,196
I-18 Total expensesPrior year $208,782$41,196
I-19 Revenue less expensesPrior year $63,957−$3,235
Part VI · Governance 9 of 9 board members independent, 5 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $37,961 across 5 lines filed
VIII-1b Membership dues$2,000
VIII-1h Total contributions, gifts and grants$2,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,196$28,196
VIII-3 Investment incomeRelated to mission $7,765$7,765
VIII-12 Total revenueRelated to mission $35,961$37,961
Part IX · Statement of functional expenses $41,196 across 8 lines filed
IX-11c Accounting feesManagement $1,990$1,990
IX-12 Advertising and promotionPrograms $22$22
IX-13 Office expensesManagement $783$783
IX-14 Information technologyManagement $536$536
IX-16 OccupancyPrograms $3,831 · Management $489$4,320
IX-19 Conferences, conventions and meetingsPrograms $288$288
IX-21 Payments to affiliatesPrograms $13,170$13,170
IX-24 Other expenses (24a–d)Programs $20,087$20,087
IX-25 Total functional expensesPrograms $37,398 · Management $3,798 · Fundraising $0$41,196
Part X · Balance sheet $152,456 assets, 6 lines filed
Asset lines not itemized here account for $7,310; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $134,575$135,108
X-2 Savings and temporary cash investmentsStart of year $9,898$10,038
X-16 Total assetsStart of year $155,691$152,456
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $155,691$152,456
X-33 Total liabilities and net assetsStart of year $155,691$152,456
Part XI · Reconciliation of net assets $152,456 net assets at year end
XI-1 Total revenue$37,961
XI-2 Total expenses$41,196
XI-3 Revenue less expenses−$3,235
XI-4 Net assets at start of year$155,691
XI-10 Net assets at end of year$152,456

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.