Winneshiek County Development INC

Not tax-deductible

Decorah, IA501(c)(6)EIN 42-1389522

Economic development

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · 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 $36K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$41K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$234K
+4% vs prior year
Spent
$264K
To programs
98%
Net assets
$237K
By yearFY2021–FY2025
Revenue
$234K
FY2025▲ +4%
Revenue by fiscal year
FY2021$318K
FY2022$1.3M
FY2023$254K
FY2024$226K
FY2025$234K
Expenses
$264K
FY2025▲ +18%
Expenses by fiscal year
FY2021$280K
FY2022$1.3M
FY2023$134K
FY2024$224K
FY2025$264K
Net assets
$237K
FY2025▼ -4%
Net assets by fiscal year
FY2021$137K
FY2022$185K
FY2023$305K
FY2024$247K
FY2025$237K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1993.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $260K Management & general 2% · $4K

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

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Exec Board M
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Winneshiek County Development INC 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

Promotes Winneshiek County to attract businesses and enhance local economic development.

Provided by the organization

This section is blank until Winneshiek County Development INC claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Promote winneshiek county to prospective businesses to enhance economic development within the county.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $850K · 2021–2021

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Gifts and grantsLn 1h$141K
Fees for servicesLn 2g$86K
Investment incomeLn 3$4K
Money outPt IX
$264K
Ln 25
Programscol B$260K
Managementcol C$4K
Owns and owesPt X
$237K
net assets · Ln 32
Cash and savingsLn 1–2$238K
Total assetsLn 16$279K
LiabilitiesLn 26$41K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Government grantsLn 1e$141K
Fees for servicesLn 2g$86K
Investment incomeLn 3$4K
Other incomeLn 4–11$4K
Total revenueLn 12$234K
Assets in detailPt X, end of year
SavingsLn 2$238K
Cash and savings togetherLn 1–2$238K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$38K
Total assetsLn 16$279K
LiabilitiesLn 26$41K
Net assetsLn 32$237K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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$255K$238K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$307K$279K
LiabilitiesLn 26$60K$41K
Net assetsLn 32$247K$237K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$47K$47K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$149K$149K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$797$797
Office expensesLn 13$391$391
OccupancyLn 16$8K$8K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$43K$43K
All other expensesLn 24e$411$411
Total functional expensesLn 25$264K$260K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $234K$264K−$30K$237K 990 PDF
FY2024 $226K$224K$2K$247K 990 PDF
FY2023 $254K$134K$120K$305K 990 PDF
FY2022 $1.3M$1.3M$48K$185K 990 PDF
FY2021 $318K$280K$38K$137K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $234,333 across 6 lines filed
VIII-1e Government grants$141,000
VIII-1h Total contributions, gifts and grants$141,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,691$85,691
VIII-3 Investment incomeRelated to mission $4,142$4,142
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,500$3,500
VIII-12 Total revenueRelated to mission $93,333$234,333
Part IX · Statement of functional expenses $264,117 across 11 lines filed
IX-7 Other salaries and wagesPrograms $47,433$47,433
IX-10 Payroll taxesPrograms $3,040$3,040
IX-11a Management feesPrograms $149,372$149,372
IX-11c Accounting feesPrograms $6,393$6,393
IX-12 Advertising and promotionPrograms $797$797
IX-13 Office expensesPrograms $391$391
IX-16 OccupancyPrograms $8,401$8,401
IX-19 Conferences, conventions and meetingsManagement $4,014$4,014
IX-22 Depreciation, depletion and amortizationPrograms $1,285$1,285
IX-24 Other expenses (24a–d)Programs $42,580$42,580
IX-24e All other expensesPrograms $411$411
IX-25 Total functional expensesPrograms $260,103 · Management $4,014 · Fundraising $0$264,117
Part X · Balance sheet $278,593 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $255,132$237,918
X-10c Land, buildings and equipment, netStart of year $3,460$2,175
X-15 Other assetsStart of year $48,500$38,500
X-16 Total assetsStart of year $307,092$278,593
X-17 Accounts payable and accrued expensesStart of year $190$1,475
X-18 Grants payableStart of year $60,000$40,000
X-26 Total liabilitiesStart of year $60,190$41,475
X-27 Net assets without donor restrictionsStart of year $246,902$237,118
X-32 Total net assets or fund balancesStart of year $246,902$237,118
X-33 Total liabilities and net assetsStart of year $307,092$278,593
Part XI · Reconciliation of net assets $237,118 net assets at year end
XI-1 Total revenue$234,333
XI-2 Total expenses$264,117
XI-3 Revenue less expenses−$29,784
XI-4 Net assets at start of year$246,902
XI-8 Prior period adjustments$20,000
XI-10 Net assets at end of year$237,118

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

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