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Winneshiek County Development INC FY2024 filing

Not tax-deductible

Decorah, IA501(c)(6)Mutual / membership EIN 42-1389522Revenue $226K in FY2024Latest return filed Nov 3, 2025

On file with the IRSthinkdecorah.com507 W Water St, 52101-1733 · Decorah, IATax-exempt since Feb 1993

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Economic Development

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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
14 mo
of spending, in cash
Looks good: 13.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$60K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$226K
-11% vs prior year
Spent
$224K
To programs
98%
Net assets
$247K
By yearFY2021–FY2025
Revenue
$226K
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$318K
FY2022$1.3M
FY2023$254K
FY2024$226K
FY2025$234K
Expenses
$224K
FY2024▲ +68%
Tap a bar for its year
Expenses by fiscal year
FY2021$280K
FY2022$1.3M
FY2023$134K
FY2024$224K
FY2025$264K
Net assets
$247K
FY2024▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2021$137K
FY2022$185K
FY2023$305K
FY2024$247K
FY2025$237K

From the FY2024 Form 990 (year ending June 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 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% · $220K Management & general 2% · $4K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Nina Taylor
Board Member
$0Pt VII · Sec A
Stephanie Fromm
Executive Di
$0Pt VII · Sec A
Keith Bruening
Board Member
$0Pt VII · Sec A
Matt Burkey
Board Member
$0Pt VII · Sec A
Rick Burras
Board Member
$0Pt VII · Sec A
Lindsay Erdman
Board Member
$0Pt VII · Sec A
Travis Goedken
Board Member
$0Pt VII · Sec A
Ben Grimstad
Board Member
$0Pt VII · Sec A
See Winneshiek County Development INC executive salaries →

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.

Questions for Winneshiek County Development INC

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Your first name shows with your question. Winneshiek County Development INC answers here, for everyone.

1 program · in their own filed words · FY2023
01

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

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 · this organization's grantmaking
Grants paid · 1 grant · $850K · 2021–2021
Sunflower Child Care Center INCIA · FY2021$850,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$226K
Ln 12
Gifts and grantsLn 1h$133K
Fees for servicesLn 2g$75K
Other incomeLn 4–11$12K
Money outPt IX
$224K
Ln 25
Programscol B$220K
Managementcol C$4K
Owns and owesPt X
$247K
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$307K
LiabilitiesLn 26$60K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$133K
Government grantsLn 1e$133K
Fees for servicesLn 2g$75K
Investment incomeLn 3$6K
Other incomeLn 4–11$12K
Total revenueLn 12$226K
Assets in detailPt X, end of year
SavingsLn 2$255K
Cash and savings togetherLn 1–2$255K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$48K
Total assetsLn 16$307K
LiabilitiesLn 26$60K
Net assetsLn 32$247K
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 FY24End FY24
Cash and savingsLn 1–2$252K$255K
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$305K$307K
LiabilitiesLn 26$0$60K
Net assetsLn 32$305K$247K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$38K$38K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$115K$115K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$750$750
Office expensesLn 13$337$337
OccupancyLn 16$8K$8K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$47K$47K
All other expensesLn 24e$313$313
Total functional expensesLn 25$224K$220K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 3, 2025 $234K$264K−$30K$237K 990 PDF
FY2024 ViewingFiled with the IRS Nov 8, 2024 $226K$224K$2K$247K 990 PDF
FY2023Filed with the IRS Aug 24, 2023 $254K$134K$120K$305K 990 PDF
FY2022Filed with the IRS Nov 14, 2022 $1.3M$1.3M$48K$185K 990 PDF
FY2021Filed with the IRS Nov 8, 2021 $318K$280K$38K$137K 990 PDF

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 $226,373 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $172,000$133,440
I-9 Program service revenuePrior year $81,262$75,403
I-10 Investment incomePrior year $701$5,576
I-11 Other revenue$11,954
I-12 Total revenuePrior year $253,963$226,373
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$41,553
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $133,674$182,937
I-18 Total expensesPrior year $133,674$224,490
I-19 Revenue less expensesPrior year $120,289$1,883
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $226,373 across 6 lines filed
VIII-1e Government grants$133,440
VIII-1h Total contributions, gifts and grants$133,440
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,403$75,403
VIII-3 Investment incomeRelated to mission $5,576$5,576
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,954$11,954
VIII-12 Total revenueRelated to mission $92,933$226,373
Part IX · Statement of functional expenses $224,490 across 11 lines filed
IX-7 Other salaries and wagesPrograms $38,000$38,000
IX-10 Payroll taxesPrograms $3,553$3,553
IX-11a Management feesPrograms $114,742$114,742
IX-11c Accounting feesPrograms $6,009$6,009
IX-12 Advertising and promotionPrograms $750$750
IX-13 Office expensesPrograms $337$337
IX-16 OccupancyPrograms $8,430$8,430
IX-19 Conferences, conventions and meetingsManagement $4,426$4,426
IX-22 Depreciation, depletion and amortizationPrograms $1,286$1,286
IX-24 Other expenses (24a–d)Programs $46,644$46,644
IX-24e All other expensesPrograms $313$313
IX-25 Total functional expensesPrograms $220,064 · Management $4,426 · Fundraising $0$224,490
Part X · Balance sheet $307,092 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $251,776$255,132
X-10c Land, buildings and equipment, netStart of year $4,746$3,460
X-15 Other assetsStart of year $48,500$48,500
X-16 Total assetsStart of year $305,019$307,092
X-17 Accounts payable and accrued expenses$190
X-18 Grants payable$60,000
X-26 Total liabilitiesStart of year $0$60,190
X-27 Net assets without donor restrictionsStart of year $305,019$246,902
X-32 Total net assets or fund balancesStart of year $305,019$246,902
X-33 Total liabilities and net assetsStart of year $305,019$307,092
Part XI · Reconciliation of net assets $246,902 net assets at year end
XI-1 Total revenue$226,373
XI-2 Total expenses$224,490
XI-3 Revenue less expenses$1,883
XI-4 Net assets at start of year$305,019
XI-8 Prior period adjustments−$60,000
XI-10 Net assets at end of year$246,902

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

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