Nonprofit · EIN 20-5129802
IOWA LAKES CORRIDOR INITIATIVE
Tax-exempt · SPENCER, IA 51301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $39,794 | $39,671 | $123 | $93,961 | – | $93,961 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $38,805
- Investment income
- $989
Expenses
- Compensation of officers, directors and key employees
- $56,510
- Professional fees and payments to contractors
- $2,850
- Occupancy
- $2,531
- Printing, publications and postage
- $158
- Other expenses
- $34,132
- Program services (functional)
- $36,821
Balance sheet and other
- Total assets, start of year
- $94,946
- Total assets, end of year
- $93,961
- Total liabilities, end of year
- –
- Net assets, end of year
- $93,961
- Cash, savings and investments
- $89,461
- Gross receipts
- $39,794
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CURT STROUTH | EXECUTIVE DI | 40 | $56,510 |
| MIKE PORSH | BOARD MEMBER | 0.34 | $0 |
| DR BRIAN LENZMEIER | TREASURER | 0.34 | $0 |
| DOUG BENJAMIN | CHAIR-2022 | 0.34 | $0 |
| TIM FAIRCHILD | BOARD MEMBER | 0.34 | $0 |
| BRAD BECK | CHAIR-2023 | 0.34 | $0 |
| JOHN PLUTH | BOARD MEMBER | 0.34 | $0 |
| KEITH DEITERING | BOARD MEMBER | 0.34 | $0 |
| DONAVON WUNSCHEL | BOARD MEMBER | 0.34 | $0 |
| ROGER JACOBSON | BOARD MEMBER | 0.34 | $0 |
| SCOTT BERGLUND | BOARD MEMBER | 0.34 | $0 |
| NATHAN WITTMAACK | BOARD MEMBER | 0.34 | $0 |
| WALTER DEBOCK | BOARD MEMBER | 0.34 | $0 |
| EBONY RAHE | BOARD MEMBER | 0.34 | $0 |
| MICHELLE NICOSON | BOARD MEMBER | 0.34 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JED SKOGERBOE | TREASURER | 0.34 | $0 |
| MIKE KOENECKE | BOARD MEMBER | 0.34 | $0 |
| MATT BEAVER | BOARD MEMBER | 0.34 | $0 |
Address and contacts
- Address (IRS master file)
- 520 2ND AVE E STE 2, SPENCER, IA 51301-5033
- In care of
- % WILLIAM C ORRISON
- Mailing address (990-N for 2025)
- 520 2ND AVE EAST STE 2, SPENCER IA 51301
- Principal officer (990-N for 2025)
- NATHAN WITTMAACK, 520 2ND AVE EAST STE 2, SPENCER IA 51301
- Signed the 990-EZ
- CURT STROUTH, EXECUTIVE DIRECTOR
- Phone
- (712) 264-3474
- Return prepared by
- WILLIAMS & COMPANY CPA PC
Mission
PROVIDING EDUCATIONAL ACTIVITIES THAT INCLUDE PROFESSIONAL EDUCATION AND TRAINING, SEMINARS, WORKSHOPS, ETC.
Program accomplishments
- TO NURTURE POTENTIAL EXISTING ENTREPRENEUR'S START-UP BUSINESSES THROUGH PROFESSIONAL EDUCATION, TRAINING, MENTORING OTHER TECHNICAL ASSISTANCE IN THE FOUR-COUNTY REGION OF BUENA VISTA, CLAY, DICKINSON, AND EMMET COUNTIES IN IOWA.Expenses $36,821
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-5129802
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: NATHAN WITTMAACK | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: BRAD BECK | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $39,794 | $39,671 | $93,961 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5129802).
Questions about IOWA LAKES CORRIDOR INITIATIVE
- What is the EIN of IOWA LAKES CORRIDOR INITIATIVE?
- The employer identification number (EIN) of IOWA LAKES CORRIDOR INITIATIVE is 20-5129802.
- Is IOWA LAKES CORRIDOR INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to IOWA LAKES CORRIDOR INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA LAKES CORRIDOR INITIATIVE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of IOWA LAKES CORRIDOR INITIATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA LAKES CORRIDOR INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of IOWA LAKES CORRIDOR INITIATIVE?
- The 990-N for 2025 names NATHAN WITTMAACK.
- Who are the officers and directors of IOWA LAKES CORRIDOR INITIATIVE?
- The 990-EZ for the year ended December 31, 2023 lists 18 people; 1 received compensation from the organization, the highest $56,510 (CURT STROUTH, EXECUTIVE DI).
- How much revenue does IOWA LAKES CORRIDOR INITIATIVE have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $39,794, expenses of $39,671 and total assets of $93,961 at year end.
Other nonprofits in SPENCER
- IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION EIN 42-1484176 · last filed 990 for 2025
- SPENCER MAIN STREET COMPANY EIN 42-1301066 · last filed 990 for 2026
- ROTARY CLUB OF SPENCER IOWA EIN 87-1745714 · last filed 990-EZ for 2025
- ASSOCIATION OF REGIONAL WATER ORGANIZATIONS EIN 38-4013791 · last filed 990 for 2025
- SPENCER ALLIANCE FOR A CREATIVE ECONOMY EIN 20-2935166 · last filed 990-N for 2025
- GRAND AVENUE IMPROVEMENT CORP EIN 20-4734218 · last filed 990-N for 2025
- ST LUKE HOMES & SERVICES INC EIN 42-6078294 · last filed 990 for 2025
- NORTHWEST IOWA MENTAL HEALTH CENTER EIN 42-0840465 · last filed 990 for 2025
All nonprofits in SPENCER · Iowa · Community improvement and capacity building