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EIN 84-2607571

Invest DSM

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Des Moines
State
Iowa
Year formed
2019
Most recent tax filings
2023-12-01
NTEE code, primary
L25: Housing Rehabilitation
Description
Invest DSM strengthens neighborhoods through innovative solutions, empowering residents and businesses while providing grants and guidance for property improvements and community revitalization.
Total revenues
$10,301,946
2023
Total expenses
$5,156,473
2023
Total assets
$24,331,235
2023
Num. employees
8
2023

Program areas at Invest DSM

Provide holistic and innovative solutions that strengthen neighborhoods.

Grants made by Invest DSM

GranteeGrant descriptionAmount
Wesley Community ServicesCommercial Development Grant$50,000

Who funds Invest DSM

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation of Greater Des MoinesGrant Distribution$2,000,000
Community Foundation of Greater Des MoinesGrant Distribution$1,250,000
Community Foundation of Greater Des MoinesGrant Distribution$1,000,000
...and 1 more grant received

Personnel at Invest DSM

NameTitleCompensation
Amber LynchExecutive Director$163,316
Frank CownieChair$0
Angela ConnollySecretary$0
Tom HockensmithChair$0

Financials for Invest DSM

RevenuesFYE 12/2023
Total grants, contributions, etc.$10,033,122
Program services$2,806
Investment income and dividends$202,662
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$63,356
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$10,301,946

Form 990s for Invest DSM

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-19990View PDF
2022-122023-10-02990View PDF
2021-122022-04-28990View PDF
2021-062021-11-08990View PDF
2020-062021-04-02990View PDF
Data update history
August 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 25, 2024
Used new vendors
Identified 1 new vendor, including
December 23, 2023
Received grants
Identified 3 new grant, including a grant for $2,000,000 from Community Foundation of Greater Des Moines
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
525 SW 5th St F
Des Moines, IA 50309
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
investdsm.org/ 
Phone
(515) 221-8410
IRS details
EIN
84-2607571
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L25: Housing Rehabilitation
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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