Nonprofit · EIN 27-2075123
NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ROCK RAPIDS, IA 51246
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $36,766 | $46,500 | -$9,734 | $155,253 | $0 | $155,253 |
| December 31, 2023 | 990-EZ | $37,081 | $37,271 | -$190 | $164,987 | $0 | $164,987 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $36,766
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $2,950
- Other expenses
- $43,550
- Program services (functional)
- $42,664
Balance sheet and other
- Total assets, start of year
- $164,987
- Total assets, end of year
- $155,253
- Total liabilities, end of year
- $0
- Net assets, end of year
- $155,253
- Cash, savings and investments
- $155,253
- Gross receipts
- $36,766
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dan Janssen | Treasurer | 3 | $0 |
| Lesa Stofferan | Secretary | 3 | $0 |
| David Miller | Director | 2 | $0 |
| Jason Anderson | Director | 2 | $0 |
| Mark Gaul | Director | 2 | $0 |
| Kiana Johnson | V-Chair/Director | 2 | $0 |
| Andre Abadie | Chair/Director | 4 | $0 |
| Carol Hoogestraat | Director | 2 | $0 |
| Jen Schmit | Director | 2 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve Simons | Director | 2 | $0 |
| Dan Janssen | Treasurer | 3 | $0 |
| Lesa Stofferan | Secretary | 3 | $0 |
| David Miller | Director | 2 | $0 |
| Jason Anderson | Director | 2 | $0 |
| Mark Gaul | Director | 2 | $0 |
| Kiana Johnson | V-P/Director | 2 | $0 |
| Andre Abadie | Director | 2 | $0 |
| Carol Hoogestraat | Chairperson/Director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 281, ROCK RAPIDS, IA 51246-0281
- Mailing address (990-N for 2025)
- PO BOX 281, ROCK RAPIDS IA 51246
- Principal officer (990-N for 2025)
- JEN SMIT, PO BOX 281, ROCK RAPIDS IA 51246
- Signed the 990-EZ
- Dan Janssen, Treasurer
- Phone
- (712) 461-1193
Mission
Provide educational opportunities and training materials to members
Program accomplishments
- Supporting member tools for tracking business prospects that would have the potential to create jobs in NW Iowa.Expenses $28,269
- Trade advertising and attendance at Trade Shows to promote Northwest Iowa.Expenses $2,915
- Member training and Trade Research to educate members to assist them in promoting Northwest Iowa.Expenses $7,500
- Other Program Services.Expenses $3,980
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-2075123
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- 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: JEN SMIT | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $36,766 | $46,500 | $155,253 | XML |
| 990-EZ | December 2023 | $37,081 | $37,271 | $164,987 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 27-2075123).
Questions about NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION is 27-2075123.
- Is NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION 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 NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION 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 NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION?
- The 990-N for 2025 names JEN SMIT.
- Who are the officers and directors of NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does NORTHWEST IOWA ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $36,766, expenses of $46,500 and total assets of $155,253 at year end.
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All nonprofits in ROCK RAPIDS · Iowa · Community improvement and capacity building