Coon Rapids Development Group: FY2022 Nonprofit Profile & Form 990 (EIN 42-1493044)

Revenue by fiscal year
FY2020	$133K
FY2021	$68K
FY2022	$79K
FY2023	$145K
FY2024	$57K

Expenses by fiscal year
FY2020	$74K
FY2021	$36K
FY2022	$13K
FY2023	$38K
FY2024	$28K

Net assets by fiscal year
FY2020	$327K
FY2021	$359K
FY2022	$424K
FY2023	$531K
FY2024	$560K

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

79 cents of each dollar spent went to programs.

79%

21%

Program services 79% · $11K Management & general 21% · $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

Gavin Cretsinger

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

Charlie Nixon

Director

$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 · $11K · in their own filed words · FY2022

01

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

$6Kprogram expense

02

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.

$3Kprogram 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 FY2022 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$79K

Ln 12

Gifts and grantsLn 1h$78K

Investment incomeLn 3$511

Other incomeLn 4–11$140

Money outPt IX

$13K

Ln 25

Programscol B$11K

Managementcol C$3K

Owns and owesPt X

$424K

net assets · Ln 32

Cash and savingsLn 1–2$159K

Total assetsLn 16$527K

LiabilitiesLn 26$103K

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$78K

Government grantsLn 1e$60K

Investment incomeLn 3$511

Other incomeLn 4–11$140

Total revenueLn 12$79K

Assets in detailPt X, end of year

CashLn 1$57K

SavingsLn 2$101K

Cash and savings togetherLn 1–2$159K

Land, buildings, equipmentLn 10c$3K

Total assetsLn 16$527K

LiabilitiesLn 26$103K

Net assetsLn 32$424K

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$170K	$159K
Land, buildings, equipmentLn 10c	$3K	$3K
Total assetsLn 16	$514K	$527K
LiabilitiesLn 26	$155K	$103K
Net assetsLn 32	$359K	$424K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$3K	$3K
Accounting feesLn 11c	$3K		$3K
Advertising and promotionLn 12	$454	$454
OccupancyLn 16	$1K	$1K
InterestLn 20	$4K	$4K
Depreciation, depletion and amortizationLn 22	$493	$493
Other expenses (24a–d)Ln 24	$2K	$2K
Total functional expensesLn 25	$13K	$11K	$3K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$57K	$28K	$29K	$560K	990 PDF
FY2023	$145K	$38K	$107K	$531K	990 PDF
FY2022 Viewing	$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 FY2022 990 (6 parts)

Part I · Summary $78,701 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $100,905$78,050

I-9 Program service revenue$0

I-10 Investment incomePrior year $524$511

I-11 Other revenuePrior year −$33,113$140

I-12 Total revenuePrior year $68,316$78,701

I-13 Grants and similar amounts paidPrior year $3,235$2,900

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $32,773$10,406

I-18 Total expensesPrior year $36,008$13,306

I-19 Revenue less expensesPrior year $32,308$65,395

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 $78,701 across 7 lines filed

VIII-1b Membership dues$17,900

VIII-1e Government grants$60,000

VIII-1f All other contributions, gifts and grants$150

VIII-1h Total contributions, gifts and grants$78,050

VIII-3 Investment incomeExcluded from tax $511$511

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $140$140

VIII-12 Total revenueRelated to mission $140 · Excluded from tax $511$78,701

Part IX · Statement of functional expenses $13,306 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $2,900$2,900

IX-11c Accounting feesManagement $2,775$2,775

IX-12 Advertising and promotionPrograms $454$454

IX-16 OccupancyPrograms $1,047$1,047

IX-20 InterestPrograms $3,888$3,888

IX-22 Depreciation, depletion and amortizationPrograms $493$493

IX-24 Other expenses (24a–d)Programs $1,749$1,749

IX-25 Total functional expensesPrograms $10,531 · Management $2,775 · Fundraising $0$13,306

Part X · Balance sheet $526,845 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $69,528$57,350

X-2 Savings and temporary cash investmentsStart of year $100,706$101,180

X-8 Inventories for sale or useStart of year $340,603$365,606

X-10c Land, buildings and equipment, netStart of year $3,202$2,709

X-16 Total assetsStart of year $514,039$526,845

X-26 Total liabilitiesStart of year $155,206$102,617

X-32 Total net assets or fund balancesStart of year $358,833$424,228

X-33 Total liabilities and net assetsStart of year $514,039$526,845

Part XI · Reconciliation of net assets $424,228 net assets at year end

XI-1 Total revenue$78,701

XI-2 Total expenses$13,306

XI-3 Revenue less expenses$65,395

XI-4 Net assets at start of year$358,833

XI-10 Net assets at end of year$424,228

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Coon Rapids Development Group FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Coon Rapids Development Group

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV