Program areas at Lamoni Development Corporation
Continued to lease an LDC-developed property to Freedom Racing, Inc. In addition to the interest paid on LDC-backed loans amounting to $11,377, LDC amortized $35,806 of the capital lease receivable from Freedom Racing to fund the eventual expected “bargain purchase option” for Freedom Racing's acquisition of the building
Continued contracting engineering work for a highway corridor beautification project to be launched in 2018. oo... wee
Paid the last installment of a multi-year business development grant to Invinci Systems, Inc, a local business
Personnel at Lamoni Development Corporation
| Name | Title | Date of data |
|---|
| Jared A Dott | President | 2019-07-29 |
Financials for Lamoni Development Corporation
| Revenues | FYE 12/2022 |
|---|
| Total grants, contributions, etc. | $6,398 |
| Program services | $0 |
| Investment income and dividends | $13,117 |
| Tax-exempt bond proceeds | |
| Royalty revenue | |
| Net rental income | |
| Net gain from sale of non-inventory assets | $-20,463 |
| Net income from fundraising events | |
| Net income from gaming activities | |
| Net income from sales of inventory | $0 |
| Miscellaneous revenues | $0 |
| Total revenues | $-948 |
Data update history
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
March 18, 2020
Updated personnel
Identified 1 new personnel
June 7, 2017
Posted financials
Added Form 990 for fiscal year 2016
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
- Address
- 901 W Main St
- Lamoni, IA 50140
- County
- Decatur County, IA
- Phone
- (641) 442-5195
IRS details
- EIN
- 47-2809629
- Fiscal year end
- December
- Taxreturn type
- Form 990-EZ
- Year formed
- 2015
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
Free account sign-up
Want updates when Lamoni Development Corporation has new information, or want to find more organizations like Lamoni Development Corporation?
Create free Cause IQ account