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EIN 26-1460205

Altoona Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Altoona
State
Iowa
Year formed
2007
Most recent tax filings
2023-09-01
NTEE code, primary
S30: Economic Development
Description
Altoona Economic Development Corporation strives to promote economic development, as well as charitable and educational purposes. It achieves this mission by developing facilities for retail development within the City of Altoona, Iowa, to enhance the city's economic well-being. The corporation constructs and rents retail space to attract retail development to the area.
Total revenues
$-642,447
2023
Total expenses
$219,516
2023
Total assets
$25,424,039
2023
Num. employees
0
2023

Program areas at Altoona Economic Development Corporation

Promoting economic development through development of facilities for retail development in the City of Altoona, Iowa to promote the economic well-being of the City. Developed, built, and rented retail space to bring retail development to the city which in turn created jobs and sales tax revenue.

Who funds Altoona Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Prairie Meadows Race Track & CasinoDestination Altoona$50,000

Personnel at Altoona Economic Development Corporation

NameTitleCompensation
Elaine CastellinePresident$0
Mary SimonSecretary and Treasurer$0
Dean O'ConnorVice President$0
Timothy BurgetDirector / Vice President$0
Robert BeattiePresident$0

Financials for Altoona Economic Development Corporation

RevenuesFYE 09/2023
Total grants, contributions, etc.$632,468
Program services$0
Investment income and dividends$643
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-1,275,558
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$0
Total revenues$-642,447

Form 990s for Altoona Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-02-09990View PDF
2022-092022-11-22990View PDF
2021-092021-11-29990View PDF
2020-092021-04-12990View PDF
2019-092020-02-06990View PDF
...and 9 more Form 990s
Data update history
May 19, 2024
Used new vendors
Identified 1 new vendor, including
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Prairie Meadows Race Track & Casino
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 3, 2023
Updated personnel
Identified 2 new personnel
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Prairie Meadows Race Track & Casino
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
900 Venbury Dr Ste A
Altoona, IA 50009
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Phone
(515) 967-5136
IRS details
EIN
26-1460205
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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