EIN 42-1432150

Iowa Area Development Group LC

IRS 501(c) type
501(c)(6)
Num. employees
9
State
Year formed
1994
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Iowa Area Development Group LC advances business and community development projects and strategies in rural Iowa on behalf of its utility members, economic development partners and the communities it serves. It provides technical assistance for accessing loan, grant and other financial programs to aid economic development efforts for rural communities, businesses, and member utilities. The organization promotes locations and community assets within its member's areas to facilitate business expansions that create job opportunities and bring investment to the rural area.
Total revenues
$2,307,769
2022
Total expenses
$1,880,567
2022
Total assets
$2,635,167
2022
Num. employees
9
2022

Program areas at Iowa Area Development Group LC

Promoting locations and community assets within our member's areas in order to facilitate businesses expansions which provide job opportunities and bring investment to our rural Area.
Conduct educational, training events, and recognition programs to build local capacity in rural Iowa.
Provide technical assistance which allows access to loan, grant and other financial programs to assist economic Development efforts on behalf of rural communities, businesses, and member utilities.

Personnel at Iowa Area Development Group LC

NameTitleCompensation
Bruce NuzumChief Executive Officer$233,481
Bruce HansenVice President, Business Development$137,655
Brian TappVice President, Value - Added Agriculture
Steve BenneDevelopment Finance Director
Kay SnyderDirector of Marketing and Communications$101,807
...and 8 more key personnel

Financials for Iowa Area Development Group LC

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$2,303,627
Investment income and dividends$4,142
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$2,307,769

Form 990s for Iowa Area Development Group LC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-20990View PDF
2021-122022-08-16990View PDF

Organizations like Iowa Area Development Group LC

OrganizationLocationRevenue
North Missindustrial Development AWest Point, MS$853,167
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Maine & CompanyPortland, ME$628,199
Central HoustonHouston, TX$997,867
Greater SatxSan Antonio, TX$5,988,124
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Northwest Indiana ForumPortage, IN$983,450
Data update history
August 30, 2023
Updated personnel
Identified 5 new personnel
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 3 new personnel
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 9, 2023
Updated personnel
Identified 10 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Economic developmentBusiness and industry
Characteristics
MembershipsState / local levelManagement and technical assistance
General information
Address
2600 Grand Ave 430
Des Moines, IA 50312
Metro area
Des Moines-West Des Moines, IA
Website URL
iadg.com/ 
Phone
(515) 223-4817
IRS details
EIN
42-1432150
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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