Rural Development Fund: FY2022 Nonprofit Profile & Form 990 (EIN 84-4161380)

Revenue by fiscal year
FY2021	$49K
FY2022	$158K
FY2023	$1.9M
FY2024	$671K

Expenses by fiscal year
FY2021	$99
FY2022	$157K
FY2023	$219K
FY2024	$189K

Net assets by fiscal year
FY2021	$43K
FY2022	$649K
FY2023	$4.2M
FY2024	$4.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2023.

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

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $147K Management & general 6% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation

Christi Haswell

Director

$0Pt VII · Sec A

Jill Kline

Director

$0Pt VII · Sec A

Rocky S Case

Director

$0Pt VII · Sec A

See Rural Development Fund 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

Helps Wyoming small businesses get money to grow, prosper, and create jobs.

Questions for Rural Development Fund

Tap to ask. Rural Development Fund sees how many people are interested.

Your first name shows with your question. Rural Development Fund answers here, for everyone.

1 program · $147K · in their own filed words · FY2022

01

The rural development fund's (RDF) current and future plans are to fulfill the obligations set forth in the work plan submitted to the economic development administration (eda) for a $5 million revolving loan fund (RLF) program. RDF plans to continue to grow its network of commercial lenders throughout wyoming.

$147Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2025 · $4.9M federal money spent

Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$4.9M

The auditor reported no findings.

Year ending Dec 2024 · $4.2M federal money spent

Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$4.0M

Rural Business Development GrantDepartment of Agriculture · ALN 10.351 · Direct$211K

The auditor reported no findings.

Year ending Dec 2023 · $3.6M federal money spent

Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$3.4M

Rural Business Development GrantDepartment of Agriculture · ALN 10.351 · Direct$211K

The auditor reported no findings.

Year ending Dec 2022 · $1.9M federal money spent

Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$1.7M

Rural Business Development GrantDepartment of Agriculture · ALN 10.351 · Direct$211K

The auditor reported 1 finding: a material weakness in money controls.

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$158K

Ln 12

Fees for servicesLn 2g$157K

Investment incomeLn 3$1K

Money outPt IX

$157K

Ln 25

Programscol B$147K

Managementcol C$9K

Owns and owesPt X

$649K

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$3.2M

LiabilitiesLn 26$2.5M

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$157K

Investment incomeLn 3$1K

Total revenueLn 12$158K

Assets in detailPt X, end of year

CashLn 1$1.3M

Cash and savings togetherLn 1–2$1.3M

Accounts receivableLn 4$9K

Notes and loans receivableLn 7$1.8M

Total assetsLn 16$3.2M

LiabilitiesLn 26$2.5M

Net assetsLn 32$649K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

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	$1.4M	$1.3M
Total assetsLn 16	$2.2M	$3.2M
LiabilitiesLn 26	$2.2M	$2.5M
Net assetsLn 32	$43K	$649K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$120K	$120K
Legal feesLn 11b	$8K		$8K
Accounting feesLn 11c	$900		$900
Other fees for servicesLn 11g	$250	$250
Advertising and promotionLn 12	$85	$85
Office expensesLn 13	$41	$41
TravelLn 17	$4K	$4K
Other expenses (24a–d)Ln 24	$24K	$23K	$727
Total functional expensesLn 25	$157K	$147K	$9K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Oct 30, 2025	$671K	$189K	$482K	$4.7M	990 PDF
FY2023Filed with the IRS Nov 15, 2024	$1.9M	$219K	$1.7M	$4.2M	990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023	$158K	$157K	$1K	$649K	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$49K	$99	$49K	$43K	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 FY2022 990 (6 parts)

Part I · Summary $157,967 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $48,751$156,876

I-10 Investment incomePrior year $0$1,091

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $48,751$157,967

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 $99$156,590

I-18 Total expensesPrior year $99$156,590

I-19 Revenue less expensesPrior year $48,652$1,377

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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 $157,967 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $156,876$156,876

VIII-3 Investment incomeExcluded from tax $1,091$1,091

VIII-12 Total revenueRelated to mission $156,876 · Unrelated business $0 · Excluded from tax $1,091$157,967

Part IX · Statement of functional expenses $156,590 across 8 lines filed

IX-11a Management feesPrograms $119,699$119,699

IX-11b Legal feesManagement $7,804$7,804

IX-11c Accounting feesManagement $900$900

IX-11g Other fees for servicesPrograms $250$250

IX-12 Advertising and promotionPrograms $85$85

IX-13 Office expensesPrograms $41$41

IX-17 TravelPrograms $4,027$4,027

IX-24 Other expenses (24a–d)Programs $23,057 · Management $727$23,784

IX-25 Total functional expensesPrograms $147,159 · Management $9,431 · Fundraising $0$156,590

Part X · Balance sheet $3,151,536 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $1,386,351$1,306,778

X-4 Accounts receivableStart of year $0$8,696

X-7 Notes and loans receivableStart of year $825,730$1,836,062

X-16 Total assetsStart of year $2,212,081$3,151,536

X-17 Accounts payable and accrued expensesStart of year $5,251$551,277

X-25 Other liabilitiesStart of year $2,163,429$1,951,520

X-26 Total liabilitiesStart of year $2,168,680$2,502,797

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $43,401$648,739

X-32 Total net assets or fund balancesStart of year $43,401$648,739

X-33 Total liabilities and net assetsStart of year $2,212,081$3,151,536

Part XI · Reconciliation of net assets $648,739 net assets at year end

XI-1 Total revenue$157,967

XI-2 Total expenses$156,590

XI-3 Revenue less expenses$1,377

XI-4 Net assets at start of year$43,401

XI-8 Prior period adjustments$603,961

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$648,739

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Rural Development Fund 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 Rural Development Fund

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV