Nonprofit · EIN 42-1082749
CLEAR LAKE DEVELOPMENT FOUNDATION
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $582,892 | $741 | $582,151 | $592,733 | $0 | $592,733 |
| December 31, 2023 | 990-EZ | $25 | $300 | -$275 | $10,582 | – | $10,582 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $580,591
- Program service revenue
- $0
- Investment income
- $2,301
- 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 fundraising fees
- $0
- Accounting fees
- $720
- Management and general (functional)
- $741
Balance sheet and other
- Total assets, start of year
- $10,582
- Total assets, end of year
- $592,733
- Total liabilities, end of year
- $0
- Net assets, end of year
- $592,733
- Net assets without donor restrictions
- $12,142
- Net assets with donor restrictions
- $580,591
- Gross receipts
- $582,892
- Employees
- 0
- State of legal domicile
- IA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENT THOE | President Trustee or director, Officer | 1 | $0 |
| SARAH NIELSEN | Vice President Trustee or director, Officer | 1 | $0 |
| KRYSTAL THOE | Secretary Trustee or director, Officer | 1 | $0 |
| MARK DODD | Treasurer Trustee or director, Officer | 1 | $0 |
| CARRIE TYSDAHL | Director Trustee or director | 1 | $0 |
| ROBERT BARBER | Director Trustee or director | 1 | $0 |
| NATALIE PLAGGE | Director Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENT THOE | President | 1 | $0 |
| SARAH NIELSEN | Vice President | 1 | $0 |
| KRYSTAL THOE | Secretary | 1 | $0 |
| MARK DODD | Treasurer | 1 | $0 |
| CARRIE TYSDAHL | Director | 1 | $0 |
| ROBERT BARBER | Director | 1 | $0 |
| NATALIE PLAGGE | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 205 MAIN AVE, CLEAR LAKE, IA 50428-1822
- Principal officer (990 for 2024)
- KENT THOE, 205 MAIN AVE, CLEAR LAKE, IA 50428
- Signed the 990
- KENT THOE, President
- Phone
- (641) 357-2159
- Return prepared by
- POTTER & BRANT PLC
Mission
To further the development of Clear Lake, IA and the surrounding area for its citizens.
Program accomplishments
- To further the development of Clear Lake, IA and the surrounding area for its citizens.revenue $580,591
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 42-1082749
- 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
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $592,733
- Income (IRS master file)
- $582,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $582,892 | $741 | $592,733 | XML |
| 990-EZ | December 2023 | $25 | $300 | $10,582 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 42-1082749).
Questions about CLEAR LAKE DEVELOPMENT FOUNDATION
- What is the EIN of CLEAR LAKE DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of CLEAR LAKE DEVELOPMENT FOUNDATION is 42-1082749.
- Is CLEAR LAKE DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to CLEAR LAKE DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLEAR LAKE DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CLEAR LAKE DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLEAR LAKE DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CLEAR LAKE DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names KENT THOE.
- Who are the officers and directors of CLEAR LAKE DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does CLEAR LAKE DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $582,892, expenses of $741 and total assets of $592,733 at year end.
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