EIN 42-1234837

Iowa City Area Development Group

IRS 501(c) type
501(c)(6)
Num. employees
8
State
Year formed
1984
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Iowa City Area Development Group promotes, develops, and advances the business community in Iowa City and the surrounding area. The organization connects business and industry with federal, state, and local resources to stimulate economic growth through investment in economic development via existing business retention and expansion, business recruitment, entrepreneurial development, workforce business services, and entrepreneurial development communications and partnerships.
Total revenues
$1,446,942
2023
Total expenses
$1,431,784
2023
Total assets
$919,520
2023
Num. employees
8
2023

Program areas at Iowa City Area Development Group

Investment in economic Development through existing business retention and expansion, business recruitment, entrepreneurial Development, workforce business services and entrepreneurial Development communications and partnerships.

Who funds Iowa City Area Development Group

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation of Johnson CountyTo Support the Mission of the Organization$31,956
Foundation For Advancing Technology And Community GivingFurtherance of Charitable, Religious, Scientific Or Educational Purposes$18,000
Mercy Hospital Iowa City IowaGeneral Support$12,000
...and 2 more grants received

Personnel at Iowa City Area Development Group

NameTitleCompensation
Moreland KathrynExecutive Director and President From July To Dec$144,550
Erin PottebaumDirector of Operations
Austin KornsDirector of Business Development
Liz HubingDirector of Community Development and Entrepreneurship
Tom BantaVice President, Director of Strategic Growth
...and 13 more key personnel

Financials for Iowa City Area Development Group

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,122,799
Program services$320,510
Investment income and dividends$1,756
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$1,877
Total revenues$1,446,942

Form 990s for Iowa City Area Development Group

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-02990View PDF
2022-062022-11-15990View PDF
2021-062022-05-03990View PDF
2020-062021-06-30990View PDF
2019-062020-09-23990View PDF
...and 9 more Form 990s
Data update history
May 20, 2024
Updated personnel
Identified 32 new personnel
December 29, 2023
Received grants
Identified 4 new grant, including a grant for $31,956 from Community Foundation of Johnson County
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 7 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government funding
General information
Address
136 S Dubuque St
Iowa City, IA 52240
Metro area
Iowa City, IA
County
Johnson County, IA
Phone
(319) 354-3939
IRS details
EIN
42-1234837
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when Iowa City Area Development Group has new information, or want to find more organizations like Iowa City Area Development Group?

Create free Cause IQ account