2024-07-15T15:04:50-05:00 2023-12-31 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2023-01-01 421432150 IOWA AREA DEVELOPMENT GROUP LC IOWA 5152234817 2600 GRAND AVENUE 430 DES MOINES IA 50312 BRUCE NUZUM CHIEF EXECUTIVE OFFICER 5152234817 2024-07-15 1 BRUCE NUZUM 999009999 0 THOMAS O WELCHANS P01333675 5152258400 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BRUCE NUZUM 2600 GRAND AVENUE SUITE 430 DES MOINES IA 50312 2341480 0 X WWW.IADG.COM X 1994 IA IT IS THE MISSION OF IOWA AREA DEVELOPMENT GROUP TO ADVANCE BUSINESS AND COMMUNITY DEVELOPMENT PROJECTS AND STRATEGIES IN RURAL IOWA ON BEHALF OF OUR UTILITY MEMBERS, ECONOMIC DEVELOPMENT PARTNERS AND THE COMMUNITIES WE SERVE. 8 8 7 0 0 0 0 0 2303627 2311431 4142 30049 0 0 2307769 2341480 0 0 0 0 1168468 1252380 0 0 0 712099 675184 1880567 1927564 427202 413916 2635167 2986424 1632419 1569760 1002748 1416664 IT IS THE MISSION OF IOWA AREA DEVELOPMENT GROUP TO ADVANCE BUSINESS AND COMMUNITY DEVELOPMENT PROJECTS AND STRATEGIES IN RURAL IOWA ON BEHALF OF OUR UTILITY MEMBERS, ECONOMIC DEVELOPMENT PARTNERS AND THE COMMUNITIES WE SERVE. 0 0 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. 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. CONDUCT EDUCATIONAL, TRAINING EVENTS, AND RECOGNITION PROGRAMS TO BUILD LOCAL CAPACITY IN RURAL IOWA. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 9 0 1 7 1 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X BRUCE NUZUM 5152234817 2600 GRAND AVENUE SUITE 430 DES MOINES IA 50312 DOUGLAS AEILTS BOARD CHAIRMAN 1.00 X X 0 0 0 KEN KUYPER BOARD VICE CHAIRMAN 1.00 X X 0 0 0 MATT WASHBURN BOARD TREASURER/SECRETARY 1.00 X X 0 0 0 RON STEINHOFF BOARD DIRECTOR 1.00 X 0 0 0 MARVIN NEWTON BOARD DIRECTOR 1.00 X 0 0 0 DAVID ONKEN BOARD DIRECTOR 1.00 X 0 0 0 BILL CHERRIER BOARD DIRECTOR (RESIGNED MAY 2023) 1.00 X 0 0 0 PAUL HEINEMAN BOARD DIRECTOR 1.00 X 0 0 0 ANDREW ST JOHN BOARD DIRECTOR (APPOINTED JULY 2023) 1.00 X 0 0 0 BRUCE NUZUM CHIEF EXECUTIVE OFFICER 40.00 20.00 X 248903 0 95620 ETHAN GRIFFIN PITT VICE PRESIDENT-COMMUNITY INITIATIVES 40.00 X 107633 0 48938 BRUCE HANSON VICE PRESIDENT-BUS. DEVELO 40.00 X 142586 0 69465 KAY SNYDER DIRECTOR-MKTG & COMMUNICAT 40.00 X 105764 0 54603 BRIAN TAPP VICE PRESIDENT-ADDED AGRICULTURE 40.00 X 120507 0 38759 725393 0 307385 5 0 1 0 0 MEMBERSHIP INCOME 900099 2001784 2001784 AUREON SERVICES CONTRA 900099 247801 247801 IMPLEMENTATION/ADMIN F 900099 41846 41846 OTHER INCOME 900099 20000 20000 2311431 30049 30049 2341480 2311431 0 30049 725393 185193 267641 7172 66981 90 1950 42678 6465 38277 93917 1991 37917 4307 13791 ADMINISTRATION 144289 TRADE SHOWS 67705 TRANSPORTATION 61874 RESEARCH/TELEMARKETING 27689 132244 1927564 515648 367928 586694 1075624 7420 7905 226016 167984 14428 58032 1510977 1476935 2635167 2986424 138824 100730 1493595 1469030 1632419 1569760 X 0 0 0 0 1002748 1416664 1002748 1416664 2635167 2986424 413916 0 X 0 0 0 0 1 0 66926 47121 19805 159090 120863 38227 58032 RLF NOTES RECEIVABLE 934019 SEP MONEY MARKET 542916 1476935 SEP ADVANCED FUNDS 1469030 1469030 X 1 1 X 0 0 0 BRUCE NUZUM CHIEF EXECUTIVE OFFICER 248903 0 0 0 0 0 75796 0 19824 0 344523 0 0 0 ETHAN GRIFFIN PITT VICE PRESIDENT-COMMUNITY INITIATIVES 107633 0 0 0 0 0 26976 0 21962 0 156571 0 0 0 BRUCE HANSON VICE PRESIDENT-BUS. DEVELO 142586 0 0 0 0 0 44520 0 24945 0 212051 0 0 0 KAY SNYDER DIRECTOR-MKTG & COMMUNICAT 105764 0 0 0 0 0 31920 0 22683 0 160367 0 0 0 BRIAN TAPP VICE PRESIDENT-ADDED AGRICULTURE 120507 0 0 0 0 0 28972 0 9787 0 159266 0 0 0 PART I, LINE 1A GIFT CARDS ARE PAID TO VARIOUS STAFF MEMBERS AND THEIR PAYROLL IS GROSSED UP TO REFLECT THE PAYMENT OF THE GIFT CARDS. FORM 990, PART VI, SECTION A, LINE 2 BILL CHERRIER & PAUL HEINEMAN - BUSINESS RELATIONSHIP MATT WASHBURN & RON STEINHOFF - BUSINESS RELATIONSHIP DOUGLAS AEILTS & MARVIN NEWTON - BUSINESS RELATIONSHIP KEN KUYPER & DAVID ONKEN - BUSINESS RELATIONSHIP ANDREW ST. JOHN & PAUL HEINEMAN - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A LIMITED LIABILITY COMPANY. FORM 990, PART VI, SECTION A, LINE 7A THE CLASS A MEMBERS OF THE ORGANIZATION ARE ALLOWED TWO REPRESENTATIVES ON THE ORGANIZATION'S BOARD OF DIRECTORS AT ALL TIMES. FORM 990, PART VI, SECTION A, LINE 7B ANY MODIFICATIONS TO THE ORGANIZATION'S OPERATING AGREEMENT MUST BE APPROVED BY MEMBERS. SUCH ACTION CANNOT BE COMPLETED WITH JUST THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B NOT APPLICABLE FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE SHARED AND REVIEWED BEFORE FILING BY ALL IADG DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C POLICY REVIEWED ANNUALLY WHEN BOARD MEMBERS SIGN FOR THE YEAR. FORM 990, PART VI, SECTION C, LINE 18 BY REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL POLICY AND PROCEDURE IS AVAILABLE UPON REQUEST. IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION 2600 GRAND AVENUE DES MOINES IA 50312 830361044 TO FOSTER ECONOMIC DEVELOPMENT AND COMMUNITY BETTERMENT IA 501(C)(3) LINE 7 IOWA AREA DEVELOPMENT GROUP LC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION C 10000 IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION N 0 IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION O 0 IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION P 0 IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION Q 0 (AMOUNTS BELOW REPORTING THRESHOLDS)