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EIN 42-1121152

Remsen Economic Development Corporation

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Remsen
State
Iowa
Year formed
1978
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Remsen Economic Development Corporation promotes local community economic development and facilitates the establishment of a local grocery store. In 2018, our local grocery store was damaged by fire and subsequently abandoned by the owner. We renovated the building and assisted a new owner in opening the store, which we successfully accomplished in 2022. Furthermore, we facilitated the acquisition of equipment for the store's operation.
Total revenues
$106,551
2023
Total expenses
$5,954
2023
Total assets
$452,021
2023
Num. employees
0
2022

Program areas at Remsen Economic Development Corporation

Our local grocery store had a fire in 2018 and the owner abandoned the building which we renovated and assisted a new owner in opening the store in which we accomplished in 2022. The building was transferred to the new owner. We assisted in buying the a portion of the refrigeration, shelving and other equipment. This took approximately 2 years to get the deal fully completed.

Personnel at Remsen Economic Development Corporation

NameTitleCompensation
Michael D NelsonPresident$0
Dave SonnichsenVice President$0
Jeremy BunkersTreasurer$0
Ashley SchuttpelzSecretary$0

Financials for Remsen Economic Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$95,125
Program services$0
Membership dues$2,125
Investment income and dividends$410
Net gain from sale of non-inventory assets$0
Net income from gaming activities and fundraising events, combined$0
Net income from sales of inventory$0
Miscellaneous revenues$11,016
Total revenues$106,551

Form 990s for Remsen Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-08990EZView PDF
2022-122023-05-08990View PDF
2021-122022-05-13990View PDF

Organizations like Remsen Economic Development Corporation

OrganizationLocationRevenue
Meade County Economic Development CommitteeMeade, KS$84,276
Upton Economic Development BoardUpton, WY$118,676
Central Wisconsin Economic Development FundMadison, WI$443,395
Mid Iowa Economic DevelopmentHumboldt, IA$52,511
Cape Cod Economic Development CouncilCenterville, MA$517,823
Greater Jobs IncorporatedAlbert Lea, MN$338,379
Ida Grove Economic Development CorporationIda Grove, IA$100,218
Boone County Economic Growth CorporationAmes, IA$176,562
Tulare County Economic Development CorporationVisalia, CA$235,198
Tioga Area Economic Development CorporationTioga, ND$196,987
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 13 new personnel
April 23, 2021
Posted financials
Added Form 990N for fiscal year 2020
March 1, 2020
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingNo full-time employees
General information
Address
PO Box 559
Remsen, IA 51050
County
Plymouth County, IA
Phone
(712) 786-1153
IRS details
EIN
42-1121152
Fiscal year end
December
Taxreturn type
Form 990-EZ
Year formed
1978
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
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