EIN 23-7276266

Development Corporation of Austin

IRS 501(c) type
501(c)(6)
Num. employees
3
City
Austin
Year formed
1986
Most recent tax filings
2022-12-01
Description
Development Corporation of Austin supports new and existing businesses in Mower County through Launch, Startup Factory, SBDC satellite office, and charitable fund.
Total revenues
$505,143
2022
Total expenses
$434,896
2022
Total assets
$5,288,985
2022
Num. employees
3
2022

Program areas at Development Corporation of Austin

Mower county business resiliency grant program awarded about 130 grants of up to $5,000 for upgrading their resiliciency to economic shocks such as covid 19.
Dca supporting organization, Austin community growth ventures, operates launch (co-officing space) and startup factory (intensive business Development support and commercialization guidance).dca supporting organization, Austin community charitable fund, supports Austin area minority business project. This project provides comprehensive economic Development legal services to immigrant and minority business owners and employees in the area of Austin, Minnesota. Comprehensive services under this project provide business technical legal support and education, immigration legal services, holistic pro bono legal services, and longitudinal, holistic evaluation and outcome analysis. Partners providing these services are the Development Corporation of Austin, immigrant law center of Minnesota, the ballard spahr pro bono team, and hispanic advocacy and community empowerment through research, whose services occupy distinct project roles.
Dca's small business Development center (sbdc) satellite office provides professional business advice at no cost to the client in such areas as: access to capital and loan packaging; financial analysis and assessment; accounting systems and literacy; marketing and research; marketing plan Development; feasibility analysis; startup assistancebusiness plan Development; electronic commerce/web site Development, succession and strategic planning.

Who funds Development Corporation of Austin

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Austin Community Charitable FundCharitable Purpose$82,857

Personnel at Development Corporation of Austin

NameTitleCompensation
John GarryPresident and Chief Executive Officer$121,458
Scott FoxVice Chair$0
Tanya MedgaardenTreasurer$0
Dr. Adenuga AtewologunChair$0
John HernandezSecretary / Director / Treasurer$0
...and 3 more key personnel

Financials for Development Corporation of Austin

RevenuesFYE 12/2022
Total grants, contributions, etc.$134,130
Program services$348,532
Investment income and dividends$22,481
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$505,143

Form 990s for Development Corporation of Austin

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-06990View PDF
2021-122022-11-07990View PDF
2020-122021-11-15990View PDF
2018-122019-10-29990View PDF
2017-122018-10-16990View PDF
...and 8 more Form 990s

Organizations like Development Corporation of Austin

OrganizationLocationRevenue
Greater OleanOlean, NY$649,488
The Development AssociationSuperior, WI$267,440
Area Development Partnership (ADP)Hattiesburg, MS$2,438,844
Clovis Industrial Development CorporationClovis, NM$524,513
Charleston Digital Corridor FoundationCharleston, SC$1,856,948
Downtown IndyIndianapolis, IN$1,710,996
Greater Burlington Industrial Corp CioffiBurlington, VT$887,041
Anchorage Downtown Partnership (ADP)Anchorage, AK$1,469,853
Omaha Downtown Improvement District AssociationOmaha, NE$593,922
Forward High PointHigh Point, NC$287,006
Data update history
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $82,857 from Austin Community Charitable Fund
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 28, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
329 N Main St Suite 106l
Austin, MN 55912
Website URL
austindca.org/ 
Phone
(507) 433-9495
IRS details
EIN
23-7276266
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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