Buchanan County Economic Development Commission FY2024 filing

Not tax-deductible

Independence, IA501(c)(4)EIN 42-1441695Revenue $160K in FY2024

On file with the IRSgrowbuchanancounty.comPo Box 109, 50644-0109 · Independence, IATax-exempt since Nov 1996

This page gets seen. Tell your story. Claim this org.

The primary mission of Buchanan County Economic Development Commission (bcedc) is to foster a strong Economic environment which supports business, nurtures growth and new investment while attracting sustainable businesses and a quality labor force to our communities. The organization will rely on trusting relationships to unite the communities of Buchanan County to promote and facilitate Economic Development, and to improve the quality of life in our area by building sustainable wealth for those who live, work and play in this portion of the cedar valley region of iowa.

64¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
3 of 5
filings with a surplus
Average surplus $13K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
Cash reserves
38 mo
of spending, in cash
Looks good: 37.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.6% of total assets
Looks good: liabilities are 1% 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
$160K
+4% vs prior year
Spent
$161K
To programs
64%
Net assets
$624K
By yearFY2021–FY2025
Revenue
$160K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$146K
FY2022$149K
FY2023$154K
FY2024$160K
FY2025$161K
Expenses
$161K
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2021$106K
FY2022$125K
FY2023$160K
FY2024$161K
FY2025$154K
Net assets
$624K
FY2024-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2021$606K
FY2022$630K
FY2023$625K
FY2024$624K
FY2025$630K

From the FY2024 Form 990 (year ending June 2024) · see the original

Give Claim
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 Nov 1996.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $104K Management & general 30% · $48K Fundraising 6% · $10K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

19 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$70,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Lisa Kremer$75,000$70,000$66,600$58,500$55,000
Shawn Bainbridge$21,365————

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 Buchanan County Economic Development Commission executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Fosters economic growth and investment to improve quality of life.

Questions for Buchanan County Economic Development Commission

Tap to ask. Buchanan County Economic Development Commission sees how many people are interested.

Your first name shows with your question. Buchanan County Economic Development Commission answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $104K · in their own filed words · FY2023
01

See schedule o

$104Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 3 grants · $30K · 2022–2023
Gedney BakeryFY2023$10,000
Nicks GroceryFY2022$10,000
Balanced NutritionFY2022$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$160K
Ln 12
Gifts and grantsLn 1h$147K
Investment incomeLn 3$13K
Money outPt IX
$161K
Ln 25
Programscol B$104K
Managementcol C$48K
Fundraisingcol D$10K
Owns and owesPt X
$624K
net assets · Ln 32
Cash and savingsLn 1–2$507K
Total assetsLn 16$628K
LiabilitiesLn 26$4K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$147K
Government grantsLn 1e$9K
Investment incomeLn 3$13K
Total revenueLn 12$160K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$505K
Cash and savings togetherLn 1–2$507K
Land, buildings, equipmentLn 10c$294
Other assetsLn 15$120K
Total assetsLn 16$628K
LiabilitiesLn 26$4K
Net assetsLn 32$624K
OperationsPt I, VI
EmployeesI 51
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$483K$507K
Land, buildings, equipmentLn 10c$439$294
Total assetsLn 16$629K$628K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$625K$624K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Pay of current officers, directors and key staffLn 5$77K$42K$27K$8K
Other salaries and wagesLn 7$14K$7K$7K
Pension plan contributionsLn 8$1K$692$441$126
Payroll taxesLn 10$7K$4K$3K$718
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$3K$3K$308$308
Office expensesLn 13$3K$1K$1K
OccupancyLn 16$8K$7K$824
TravelLn 17$3K$3K$522$348
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$145$130$15
InsuranceLn 23$3K$1K$905$201
Other expenses (24a–d)Ln 24$23K$22K$1K$141
All other expensesLn 24e$2K$1K$593$128
Total functional expensesLn 25$161K$104K$48K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $161K$154K$7K$630K 990 PDF
FY2024 Viewing $160K$161K−$1K$624K 990 PDF
FY2023 $154K$160K−$5K$625K 990 PDF
FY2022 $149K$125K$24K$630K 990 PDF
FY2021 $146K$106K$41K$606K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $160,014 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,383$147,345
I-9 Program service revenue$0
I-10 Investment incomePrior year $9,068$12,669
I-11 Other revenue$0
I-12 Total revenuePrior year $154,451$160,014
I-13 Grants and similar amounts paidPrior year $20,000$10,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $91,884$99,043
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $47,792$52,270
I-18 Total expensesPrior year $159,676$161,313
I-19 Revenue less expensesPrior year −$5,225−$1,299
Part VI · Governance 18 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $160,014 across 5 lines filed
VIII-1e Government grants$8,575
VIII-1f All other contributions, gifts and grants$138,770
VIII-1h Total contributions, gifts and grants$147,345
VIII-3 Investment incomeExcluded from tax $12,669$12,669
VIII-12 Total revenueExcluded from tax $12,669$160,014
Part IX · Statement of functional expenses $161,313 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-5 Pay of current officers, directors and key staffPrograms $42,134 · Management $26,813 · Fundraising $7,661$76,608
IX-7 Other salaries and wagesPrograms $7,000 · Management $7,000$14,000
IX-8 Pension plan contributionsPrograms $692 · Management $441 · Fundraising $126$1,259
IX-10 Payroll taxesPrograms $3,946 · Management $2,512 · Fundraising $718$7,176
IX-11c Accounting feesManagement $5,475$5,475
IX-12 Advertising and promotionPrograms $2,613 · Management $308 · Fundraising $308$3,229
IX-13 Office expensesPrograms $1,407 · Management $1,407$2,814
IX-16 OccupancyPrograms $7,413 · Management $824$8,237
IX-17 TravelPrograms $2,612 · Management $522 · Fundraising $348$3,482
IX-19 Conferences, conventions and meetingsPrograms $1,175$1,175
IX-22 Depreciation, depletion and amortizationPrograms $130 · Management $15$145
IX-23 InsurancePrograms $1,462 · Management $905 · Fundraising $201$2,568
IX-24 Other expenses (24a–d)Programs $22,088 · Management $1,076 · Fundraising $141$23,305
IX-24e All other expensesPrograms $1,119 · Management $593 · Fundraising $128$1,840
IX-25 Total functional expensesPrograms $103,791 · Management $47,891 · Fundraising $9,631$161,313
Part X · Balance sheet $627,752 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $14,147$2,761
X-2 Savings and temporary cash investmentsStart of year $468,660$504,629
X-10c Land, buildings and equipment, netStart of year $439$294
X-15 Other assetsStart of year $146,075$120,068
X-16 Total assetsStart of year $629,321$627,752
X-17 Accounts payable and accrued expensesStart of year $4,258$3,988
X-26 Total liabilitiesStart of year $4,258$3,988
X-27 Net assets without donor restrictionsStart of year $625,063$623,764
X-32 Total net assets or fund balancesStart of year $625,063$623,764
X-33 Total liabilities and net assetsStart of year $629,321$627,752
Part XI · Reconciliation of net assets $623,764 net assets at year end
XI-1 Total revenue$160,014
XI-2 Total expenses$161,313
XI-3 Revenue less expenses−$1,299
XI-4 Net assets at start of year$625,063
XI-10 Net assets at end of year$623,764

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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

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.