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Coon Rapids Development Group

Not tax-deductible

Coon Rapids, IA501(c)(4)Community Development EIN 42-1493044Revenue $57K in FY2024

On file with the IRScoonrapidsiowa.comC/O Dee Zook 123 3rd Ave, 50058-0000 · Coon Rapids, IATax-exempt since Jul 2002

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Coon Rapids Development Group (crdg) has been organized to assist in economic Development of Coon Rapids, IA and surrounding areas. Funds are used to promote the community and make IT an attractive and prosperous place to live and DO business. To further their goals, crdg is providing attractive, affordable sites for residential Development; assisting and promoting economic Development; promoting community spirit through various events and projects throughout the year; and providing for community beautification.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
89¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $58K a year · 61% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
109 mo
of spending, in cash
Looks good: 108.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16K
3% of total assets
Looks good: liabilities are 3% 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
$57K
-61% vs prior year
Spent
$28K
To programs
89%
Net assets
$560K
By yearFY2020–FY2024
Revenue
$57K
FY2024▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$68K
FY2022$79K
FY2023$145K
FY2024$57K
Expenses
$28K
FY2024▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2020$74K
FY2021$36K
FY2022$13K
FY2023$38K
FY2024$28K
Net assets
$560K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$327K
FY2021$359K
FY2022$424K
FY2023$531K
FY2024$560K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $25K Management & general 11% · $3K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Caylor Deeth
Director
$0Pt VII · Sec A
Chris Eddy
Director
$0Pt VII · Sec A
Adam Esdohr
Director
$0Pt VII · Sec A
Brad Honold
Director
$0Pt VII · Sec A
Andy Klein
President
$0Pt VII · Sec A
Jessica Leighty
Secretary/Tr
$0Pt VII · Sec A
Nathan Muench
Vice Preside
$0Pt VII · Sec A
See Coon Rapids Development Group 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes community growth and prosperity through development, events, and beautification.

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Provided by the organization

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3 programs · $25K · in their own filed words · FY2024
01

To assist in the economic development of coon rapids, ia and the surrounding areas. This serves to enhance and promote the community as an attractive and prosperous place to live and do business.

$17Kprogram expense
02

Expenditures were made in order to provide attractive and affordable sites for residential development.

$6Kprogram expense
03

Promotion of community spirit through various annual events and projects. These include holiday celebrations (easter, 4TH of july, christmas, etc.); golf outing; community wide garage sale; farmers market; RUN/WALK competition; bus tours; welcome wagon & other community celebrations.

$2Kprogram 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 · FY2020
Creating Great PlacesFY2020$13K
Total grants receivedfrom 1 funder$13K
Grants paid · 2 grants · $37K · 2023–2024
Unitemized GrantFY2024$10,000
Region Xii Council of GovernmentFY2023$26,762

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$57K
Ln 12
Gifts and grantsLn 1h$53K
Investment incomeLn 3$2K
Other incomeLn 4–11$2K
Money outPt IX
$28K
Ln 25
Programscol B$25K
Managementcol C$3K
Owns and owesPt X
$560K
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$576K
LiabilitiesLn 26$16K
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$53K
Government grantsLn 1e$35K
Investment incomeLn 3$2K
Other incomeLn 4–11$2K
Total revenueLn 12$57K
Assets in detailPt X, end of year
CashLn 1$120K
SavingsLn 2$135K
Cash and savings togetherLn 1–2$255K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$576K
LiabilitiesLn 26$16K
Net assetsLn 32$560K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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$242K$255K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$563K$576K
LiabilitiesLn 26$32K$16K
Net assetsLn 32$531K$560K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K$7K
Grants to domestic individualsLn 2$10K$10K
Management feesLn 11a$2K$2K
Accounting feesLn 11c$875$875
Advertising and promotionLn 12$709$709
OccupancyLn 16$3K$3K
Conferences, conventions and meetingsLn 19$95$95
InterestLn 20$646$646
Depreciation, depletion and amortizationLn 22$492$492
InsuranceLn 23$350$350
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$28K$25K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $57K$28K$29K$560K 990 PDF
FY2023 $145K$38K$107K$531K 990 PDF
FY2022 $79K$13K$65K$424K 990 PDF
FY2021 $68K$36K$32K$359K 990 PDF
FY2020 $133K$74K$59K$327K 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 FY2024 990 (6 parts)
Part I · Summary $56,797 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $170,100$53,000
I-9 Program service revenuePrior year $1,675$0
I-10 Investment incomePrior year $1,749$2,263
I-11 Other revenuePrior year −$28,114$1,534
I-12 Total revenuePrior year $145,410$56,797
I-13 Grants and similar amounts paidPrior year $28,262$16,608
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10,124$11,561
I-18 Total expensesPrior year $38,386$28,169
I-19 Revenue less expensesPrior year $107,024$28,628
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 $56,797 across 7 lines filed
Lines not itemized here account for $1,369 of total revenue; see the IRS return.
VIII-1b Membership dues$3,000
VIII-1e Government grants$35,000
VIII-1f All other contributions, gifts and grants$15,000
VIII-1h Total contributions, gifts and grants$53,000
VIII-3 Investment incomeExcluded from tax $2,263$2,263
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $165$165
VIII-12 Total revenueRelated to mission $1,534 · Excluded from tax $2,263$56,797
Part IX · Statement of functional expenses $28,169 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $6,608$6,608
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-11a Management feesManagement $2,250$2,250
IX-11c Accounting feesManagement $875$875
IX-12 Advertising and promotionPrograms $709$709
IX-16 OccupancyPrograms $3,086$3,086
IX-19 Conferences, conventions and meetingsManagement $95$95
IX-20 InterestPrograms $646$646
IX-22 Depreciation, depletion and amortizationPrograms $492$492
IX-23 InsurancePrograms $350$350
IX-24 Other expenses (24a–d)Programs $3,058$3,058
IX-25 Total functional expensesPrograms $24,949 · Management $3,220 · Fundraising $0$28,169
Part X · Balance sheet $576,107 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $124,611$120,190
X-2 Savings and temporary cash investmentsStart of year $117,869$135,072
X-8 Inventories for sale or useStart of year $318,756$319,122
X-10c Land, buildings and equipment, netStart of year $2,215$1,723
X-16 Total assetsStart of year $563,451$576,107
X-26 Total liabilitiesStart of year $32,199$16,227
X-32 Total net assets or fund balancesStart of year $531,252$559,880
X-33 Total liabilities and net assetsStart of year $563,451$576,107
Part XI · Reconciliation of net assets $559,880 net assets at year end
XI-1 Total revenue$56,797
XI-2 Total expenses$28,169
XI-3 Revenue less expenses$28,628
XI-4 Net assets at start of year$531,252
XI-10 Net assets at end of year$559,880

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

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