Coon Rapids Development Group EIN 42-1493044

Coon Rapids Development Group

EIN  42-1493044 Membership association Coon Rapids, IA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Promotes community growth and prosperity through development, events, and beautification.
Leadership
Gavin Cretsinger · Director
Money in and out
$57K revenue, $28K expenses
Bottom line
+50% operating surplus

Promotes community growth and prosperity through development, events, and beautification. For fiscal year 2024 it reported $57K in revenue, $28K in expenses, and $560K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$57K
Pt VIII · Ln 12
Total expenses
$28K
Pt IX · Ln 25
Net assets
$560K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Operating surplus
+50%
revenue over expenses▼ -32% vs prior filing year
Earned revenue
0%
of revenue from program services & dues▼ -100% vs prior filing year
Program spending
89%
of expenses reach member services▼ -5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$57K
FY2024▼ -61%
Expenses
$28K
FY2024▼ -27%
Total assets
$576K
FY2024▲ +2%
Total liabilities
$16K
FY2024▼ -50%
Total revenue
$57K
Pt VIII · Ln 12
Total expenses
$28K
Pt IX · Ln 25
Net assets
$560K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$576K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $25K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCoon Rapids Development Group
EINHdr · item D42-1493044
Principal addressHdr · item CCoon Rapids, IA
WebsiteHdr · item Jwww.coonrapidsiowa.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCommunity Development (S32)
Ruling yearIRS BMFJul 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$53K · 93%
Investment income$2K · 4%
Other revenue$2K · 3%
Contributions & grants93%$53K
Investment income4%$2K
Other revenue3%$2K
— government grantsLn 1e$35K
Total revenueLn 12$57K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$25K
Management & general11%$3K
Total functional expensesLn 25$28K

Balance Sheet

Part X · end of year
CashLn 1$255K
Total assetsLn 16$576K
Total liabilitiesLn 26$16K
Total net assetsLn 32$560K
Months of cash on handcomputed108.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $255K · Operating expenses/yr $28K
108.7 months
Where the money goes
Program services
Program services $25K · Total expenses $28K
89%
Management & General
Management & general $3K · Total expenses $28K
11%
Fundraising
Fundraising $0 · Total expenses $28K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $49K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $57K
93%
Government reliance
Government grants $35K · Total revenue $57K
62%
Earned-income share
Program service revenue $0 · Total revenue $57K
0%
Investment reliance
Investment income $2K · Total revenue $57K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $28K
0%
Growth & trend
Revenue growth (YoY)
This year $57K · Prior year $145K
-61%
Revenue CAGR
FY2020 $133K · FY2024 $57K
-19%
Net-asset trend (YoY)
End of year $560K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $57K · Expenses $28K
+50%
Liabilities-to-Assets
Total liabilities — · Total assets $576K
Net-asset ratio
Net assets $560K · Total assets $576K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $576K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gavin Cretsinger · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $28K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $28K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth -61%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$13K
Grants paid · 2 grants · $37K · 2023–2024
Unitemized GrantFY2024$10,000
Region Xii Council of GovernmentFY2023$26,762

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$57K revenue · viewing · ⤓ 990 PDF
FY2023$145K revenue · ⤓ 990 PDF
FY2022$79K revenue · ⤓ 990 PDF
FY2021$68K revenue · ⤓ 990 PDF
FY2020$133K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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