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Fort Dodge Betterment Foundation

Not tax-deductible

Fort Dodge, IA501(c)(4) EIN 42-6069215Revenue $20K in FY2024Latest return filed Nov 17, 2025

On file with the IRS1325 1st Ave S, 50501-4948 · Fort Dodge, IATax-exempt since Jul 1953

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General civic Betterment of Fort Dodge and northwest iowa by purchase, receipt by gift, hold, use, sell, operate, lease, mortgage and acquisition of property of all kinds and to improve the same.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
2 of 5
filings with a surplus
Average surplus $3K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Plus $476K in investments, Pt X · Ln 11–13
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$266K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20K
-50% vs prior year
Spent
$31K
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$20K
FY2024▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$50K
FY2022$23K
FY2023$41K
FY2024$20K
Expenses
$31K
FY2024▼ -43%
Tap a bar for its year
Expenses by fiscal year
FY2020$19K
FY2021$35K
FY2022$31K
FY2023$55K
FY2024$31K
Net assets
$1.1M
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$955K
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1953.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $31K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Matt Dutcher
Secretary
$0Pt VII · Sec A
Dean Barnett
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Leah Glasgo
Director
$0Pt VII · Sec A
See Fort Dodge Betterment Foundation 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

Acquires and improves property to enhance civic life in Fort Dodge and Northwest Iowa.

Questions for Fort Dodge Betterment Foundation

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1 program · $31K · in their own filed words · FY2024
01

Promotes welfare in the fort dodge community by developing property and facilities for industrial expansion.

$31Kprogram expense

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 · 2 grants · $25K · 2022–2023
United Way and Community Foundation of Greater Fort DodgeIA · FY2023$12,500
United Way and Community Foundation of Greater Fort DodgeIA · FY2022$12,500

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$20K
Ln 12
Other incomeLn 4–11$20K
Money outPt IX
$31K
Ln 25
Programscol B$31K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$1.3M
LiabilitiesLn 26$266K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$20K
Total revenueLn 12$20K
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
InvestmentsLn 11–13$476K
Land, buildings, equipmentLn 10c$764K
Total assetsLn 16$1.3M
LiabilitiesLn 26$266K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$25K$26K
InvestmentsLn 11–13$476K$476K
Land, buildings, equipmentLn 10c$764K$764K
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$266K$266K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$900$900
OccupancyLn 16$28K$28K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$906$906
Total functional expensesLn 25$31K$31K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $20K$31K−$11K$1.1M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $41K$55K−$14K$1.1M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $23K$31K−$8K$1.1M 990 PDF
FY2021Filed with the IRS Oct 27, 2022 $50K$35K$15K$1.1M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $51K$19K$33K$955K 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 $20,294 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $19,031$0
I-11 Other revenuePrior year $21,793$20,294
I-12 Total revenuePrior year $40,824$20,294
I-13 Grants and similar amounts paidPrior year $12,500$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $42,352$31,364
I-18 Total expensesPrior year $54,852$31,364
I-19 Revenue less expensesPrior year −$14,028−$11,070
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $20,294 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission $20,294$20,294
VIII-12 Total revenueRelated to mission $20,294 · Unrelated business $0 · Excluded from tax $0$20,294
Part IX · Statement of functional expenses $31,364 across 4 lines filed
IX-11c Accounting feesPrograms $900$900
IX-16 OccupancyPrograms $28,035$28,035
IX-23 InsurancePrograms $1,523$1,523
IX-24 Other expenses (24a–d)Programs $906$906
IX-25 Total functional expensesPrograms $31,364 · Management $0 · Fundraising $0$31,364
Part X · Balance sheet $1,322,614 assets, 9 lines filed
Asset lines not itemized here account for $56,079; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $25,368$25,989
X-10c Land, buildings and equipment, netStart of year $764,254$764,254
X-12 Other securitiesStart of year $476,069$476,069
X-13 Program-related investmentsStart of year $223$223
X-16 Total assetsStart of year $1,333,684$1,322,614
X-26 Total liabilitiesStart of year $266,136$266,136
X-27 Net assets without donor restrictionsStart of year $1,067,548$1,056,478
X-32 Total net assets or fund balancesStart of year $1,067,548$1,056,478
X-33 Total liabilities and net assetsStart of year $1,333,684$1,322,614
Part XI · Reconciliation of net assets $1,056,478 net assets at year end
XI-1 Total revenue$20,294
XI-2 Total expenses$31,364
XI-3 Revenue less expenses−$11,070
XI-4 Net assets at start of year$1,067,548
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,056,478

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

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