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Union Development Corp N00000355 FY2022 filing

Not tax-deductible

Union, MO501(c)(6)EIN 43-1566819Revenue $73K in FY2022

On file with the IRSci.union.mo.us10 E Locust St, 63084-1828 · Union, MOTax-exempt since Apr 1992

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Aid the city of Union in recruitment of industrial Development & assist economic Development.

Mission: Form 990 Part I, line 1

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FY2022 · Form 990Independent: from IRS data, not the org
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IRS status
501(c)(6)
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
1 of 5
filings with a surplus
Average deficit $17K a year · 87% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$207K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$73K
Spent
$76K
Net assets
$634K
By yearFY2021–FY2025
Revenue
$73K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2021$0
FY2022$73K
FY2023$20K
FY2024$2K
FY2025$4K
Expenses
$76K
FY2022▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2021$50K
FY2022$76K
FY2023$19K
FY2024$20K
FY2025$21K
Net assets
$634K
FY2022-0.4%
Tap a bar for its year
Net assets by fiscal year
FY2021$637K
FY2022$634K
FY2023$636K
FY2024$618K
FY2025$602K

From the FY2022 Form 990 (year ending January 2022) · see the original

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You’re viewing the FY2022 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 Apr 1992.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Dave Bailey
Secretary/Treasurer
$0Pt VII · Sec A
Joel Doepker
Director
$0Pt VII · Sec A
Ed Strubberg
Director
$0Pt VII · Sec A
Larry Smith
Director
$0Pt VII · Sec A
Mike Elliott
Vice President
$0Pt VII · Sec A
Larry Shroth
Director
$0Pt VII · Sec A
See Union Development Corp N00000355 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Attracts businesses and supports economic growth in Union.

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1 program · in their own filed words · FY2021
01

To aid the city of union in the recruitment of industrial development and to assist with economic development issues.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$73K
Ln 12
Investment incomeLn 3$71K
Gifts and grantsLn 1h$2K
Other incomeLn 4–11$284
Money outPt IX
$76K
Ln 25
Owns and owesPt X
$634K
net assets · Ln 32
Cash and savingsLn 1–2$975
Total assetsLn 16$841K
LiabilitiesLn 26$207K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$71K
Other incomeLn 4–11$284
Gains on assetsLn 7$71K
Total revenueLn 12$73K
Assets in detailPt X, end of year
CashLn 1$575
SavingsLn 2$400
Cash and savings togetherLn 1–2$975
Land, buildings, equipmentLn 10c$840K
Total assetsLn 16$841K
LiabilitiesLn 26$207K
Net assetsLn 32$634K
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJanuary
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 FY22End FY22
Cash and savingsLn 1–2$1K$975
Land, buildings, equipmentLn 10c$893K$840K
Total assetsLn 16$895K$841K
LiabilitiesLn 26$257K$207K
Net assetsLn 32$637K$634K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$600
InterestLn 20$10K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$64K
Total functional expensesLn 25$76K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4K$21K−$17K$602K 990 PDF
FY2024 $2K$20K−$18K$618K 990 PDF
FY2023 $20K$19K$1K$636K 990 PDF
FY2022 Viewing $73K$76K−$3K$634K 990 PDF
FY2021 $0$50K−$50K$637K 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 $72,792 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$71,008
I-11 Other revenuePrior year $0$284
I-12 Total revenuePrior year $0$72,792
I-13 Grants and similar amounts paidPrior year $15,053$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 $35,026$75,573
I-18 Total expensesPrior year $50,079$75,573
I-19 Revenue less expensesPrior year −$50,079−$2,781
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $72,792 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,500
VIII-1h Total contributions, gifts and grants$1,500
VIII-7 Net gain or loss on sales of assetsExcluded from tax $71,008$71,008
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $284$284
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $71,292$72,792
Part IX · Statement of functional expenses $75,573 across 4 lines filed
IX-11c Accounting fees$600
IX-20 Interest$9,618
IX-23 Insurance$1,091
IX-24 Other expenses (24a–d)$64,264
IX-25 Total functional expenses$75,573
Part X · Balance sheet $841,257 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $663$575
X-2 Savings and temporary cash investmentsStart of year $400$400
X-10c Land, buildings and equipment, netStart of year $893,464$840,282
X-16 Total assetsStart of year $894,527$841,257
X-26 Total liabilitiesStart of year $257,343$206,854
X-27 Net assets without donor restrictionsStart of year $637,184$634,403
X-32 Total net assets or fund balancesStart of year $637,184$634,403
X-33 Total liabilities and net assetsStart of year $894,527$841,257
Part XI · Reconciliation of net assets $634,403 net assets at year end
XI-1 Total revenue$72,792
XI-2 Total expenses$75,573
XI-3 Revenue less expenses−$2,781
XI-4 Net assets at start of year$637,184
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$634,403

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

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