Idevelopment & Economic Association FY2022 filing

Not tax-deductible

Washington, DC501(c)(6)Community Development EIN 81-3307864Revenue $873K in FY2022

On file with the IRS1717 Pennsylvania Ave Nw Ste 650, 20006-4626 · Washington, DCTax-exempt since Sep 2018

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Advocate and seek to expand business opportunities for online interactive entertainment and gaming companies

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 5
filings with a surplus
Average surplus $48K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$873K
+21% vs prior year
Spent
$859K
Net assets
$341K
By yearFY2021–FY2025
Revenue
$873K
FY2022▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2021$719K
FY2022$873K
FY2023$902K
FY2024$870K
FY2025$640K
Expenses
$859K
FY2022▲ +98%
Tap a bar for its year
Expenses by fiscal year
FY2021$434K
FY2022$859K
FY2023$1.0M
FY2024$881K
FY2025$578K
Net assets
$341K
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$327K
FY2022$341K
FY2023$231K
FY2024$220K
FY2025$282K

From the FY2022 Form 990 (year ending July 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
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 Sep 2018.

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

Who runs it and what they're paid

3 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
$0Pt VII · Sec A
See Idevelopment & Economic Association 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

Advocates for and expands business opportunities for online interactive entertainment and gaming companies.

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1 program · in their own filed words · FY2021
01

See additional data

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$873K
Ln 12
Fees for servicesLn 2g$873K
Money outPt IX
$859K
Ln 25
Owns and owesPt X
$341K
net assets · Ln 32
Cash and savingsLn 1–2$341K
Total assetsLn 16$341K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$873K
Total revenueLn 12$873K
Assets in detailPt X, end of year
CashLn 1$341K
Cash and savings togetherLn 1–2$341K
Total assetsLn 16$341K
LiabilitiesLn 26$0
Net assetsLn 32$341K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJuly
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 FY22End FY22
Cash and savingsLn 1–2$327K$341K
Total assetsLn 16$327K$341K
LiabilitiesLn 26$0$0
Net assetsLn 32$327K$341K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$39K
Legal feesLn 11b$45K
Accounting feesLn 11c$9K
Lobbying feesLn 11d$200K
Other fees for servicesLn 11g$120K
Advertising and promotionLn 12$200K
Office expensesLn 13$13K
Information technologyLn 14$26K
TravelLn 17$2K
Conferences, conventions and meetingsLn 19$38K
Other expenses (24a–d)Ln 24$169K
All other expensesLn 24e$772
Total functional expensesLn 25$859K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $640K$578K$62K$282K 990 PDF
FY2024 $870K$881K−$11K$220K 990 PDF
FY2023 $902K$1.0M−$110K$231K 990 PDF
FY2022 Viewing $873K$859K$13K$341K 990 PDF
FY2021 $719K$434K$286K$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 $872,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $719,167$872,560
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $719,167$872,560
I-13 Grants and similar amounts paidPrior year $0$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 $433,654$859,239
I-18 Total expensesPrior year $433,654$859,239
I-19 Revenue less expensesPrior year $285,513$13,321
Part VI · Governance 1 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $872,560 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $872,560$872,560
VIII-12 Total revenueRelated to mission $872,560 · Unrelated business $0 · Excluded from tax $0$872,560
Part IX · Statement of functional expenses $859,239 across 12 lines filed
IX-11a Management fees$38,715
IX-11b Legal fees$44,607
IX-11c Accounting fees$8,540
IX-11d Lobbying fees$199,882
IX-11g Other fees for services$120,000
IX-12 Advertising and promotion$199,671
IX-13 Office expenses$12,884
IX-14 Information technology$25,842
IX-17 Travel$1,590
IX-19 Conferences, conventions and meetings$37,757
IX-24 Other expenses (24a–d)$168,979
IX-24e All other expenses$772
IX-25 Total functional expenses$859,239
Part X · Balance sheet $340,785 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $327,464$340,785
X-16 Total assetsStart of year $327,464$340,785
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $327,464$340,785
X-33 Total liabilities and net assetsStart of year $327,464$340,785
Part XI · Reconciliation of net assets $340,785 net assets at year end
XI-1 Total revenue$872,560
XI-2 Total expenses$859,239
XI-3 Revenue less expenses$13,321
XI-4 Net assets at start of year$327,464
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$340,785

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

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