EIN 42-1432150

Iowa Area Development Group LC

IRS 501(c) type
501(c)(6)
Num. employees
7
State
Year formed
1994
Most recent tax filings
2023-12-01
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
$2,341,480
2023
Total expenses
$1,927,564
2023
Total assets
$2,986,424
2023
Num. employees
7
2023

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.

Who funds Iowa Area Development Group LC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Iowa Area Development Group Community FoundationPartners Forum Sponsorship$10,000

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 12/2023
Total grants, contributions, etc.$0
Program services$2,311,431
Investment income and dividends$30,049
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$2,341,480

Form 990s for Iowa Area Development Group LC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-15990View PDF
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
North Alabama Industrial Development AssociationDecatur, AL$755,646
Greater SatxSan Antonio, TX$5,988,124
Central HoustonHouston, TX$997,867
Greater Fort Lauderdale AllianceFort Lauderdale, FL$3,705,113
Orlando Economic Partnership (EDC)Orlando, FL$9,261,893
AdvanceCT (CERC)New Haven, CT$4,786,663
Grow Cedar ValleyWaterloo, IA$2,150,725
Northwest Indiana ForumPortage, IN$983,450
Business Development Board of Palm Beach County (BDB)West Palm Beach, FL$3,393,134
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
County
Polk County, 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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