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Nonprofit · EIN 42-1177043

FRANKLIN COUNTY DEVELOPMENT ASSOCIATION

Tax-exempt · HAMPTON, IA 50441

Financials

$152K$164K2023$169K$260K2024
Revenue Expenses · by fiscal year end
Financials of FRANKLIN COUNTY DEVELOPMENT ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$169,032$259,785-$90,753$1,079,271$20,864$1,058,407
June 30, 2024990$151,553$163,633-$12,080$1,172,298$25,062$1,147,236
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$128,843
of which government grants
$90,000
Membership dues
$16,300
Program service revenue
$0
Investment income
$37,279
Other revenue
$2,910

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$91,928
Salaries, compensation and benefits (total)
$112,352
Professional fundraising fees
$0
Accounting fees
$101,590
Occupancy
$6,552
Program services (functional)
$259,785

Balance sheet and other

Total assets, start of year
$1,172,298
Total assets, end of year
$1,079,271
Total liabilities, end of year
$20,864
Net assets, end of year
$1,058,407
Land, buildings and equipment
$26,530
Gross receipts
$169,032
Employees
1
Volunteers
13
Year formed
1981
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
ERIC BARKEMABOARD MEMBER
Trustee or director
1$0
RON DUNTBOARD MEMBER
Trustee or director
1$0
TIM FELDERMANBOARD MEMBER
Trustee or director
1$0
JAY HICKMANBOARD MEMBER
Trustee or director
1$0
MIKE KRUGERBOARD MEMBER
Trustee or director
1$0
SHANNON LATHAMBOARD MEMBER
Trustee or director
1$0
KIM PRICEBOARD MEMBER
Trustee or director
1$0
JOHN SNYDERBOARD MEMBER
Trustee or director
1$0
CHRIS VANNESSBOARD MEMBER
Trustee or director
1$0
PHILLIP HAUSERPRESIDENT
Officer
1$0
DOUG PETERVICE PRESIDE
Officer
1$0
DYANNE PRALLETREASURER
Officer
1$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
BOARD MEMBERS PER ATTACHEDDIRECTOR
Officer
–$0
PHILLIP HAUSERPRESIDENT
Officer
–$0
DOUG PETERVICE PRESIDE
Officer
–$0
DYANNE PRALLETREASURER
Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 23, HAMPTON, IA 50441-0023
Principal officer (990 for 2024)
PHILLIP HAUSER, 5 1ST ST SW, HAMPTON, IA 50441
Signed the 990
DYANNE PRALLE, TREASURER
Phone
(641) 420-2350
Return prepared by
HARRISON & ASSOCIATES CPAS PLLC

Mission

THE ASSOCIATION'S MISSION IS TO ATTRACT BUSINESS AND INDUSTRY TO FRANKLIN COUNTY, IOWA.

990 for the year ended June 30, 2025

Program accomplishments

  • ATTRACT BUSINESS AND INDUSTRY TO LOCATE IN FRANKLIN COUNTY, IA
    Expenses $259,785
  • ATTRACT BUSINESS AND INDUSTRY TO LOCATE IN FRANKLIN COUNTY, IOWA.

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-1177043
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,079,271
Income (IRS master file)
$169,032

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$169,032$259,785$1,079,271XML
990June 2024$151,553$163,633$1,172,298XML
990June 2023$165,437$144,637$1,173,696IRS
990June 2022–––IRS
990June 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 42-1177043).

Questions about FRANKLIN COUNTY DEVELOPMENT ASSOCIATION

What is the EIN of FRANKLIN COUNTY DEVELOPMENT ASSOCIATION?
The employer identification number (EIN) of FRANKLIN COUNTY DEVELOPMENT ASSOCIATION is 42-1177043.
Is FRANKLIN COUNTY DEVELOPMENT ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6).
Are donations to FRANKLIN COUNTY DEVELOPMENT ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FRANKLIN COUNTY DEVELOPMENT ASSOCIATION 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 FRANKLIN COUNTY DEVELOPMENT ASSOCIATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRANKLIN COUNTY DEVELOPMENT ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FRANKLIN COUNTY DEVELOPMENT ASSOCIATION?
The 990 for the year ended June 30, 2025 names PHILLIP HAUSER.
Who are the officers and directors of FRANKLIN COUNTY DEVELOPMENT ASSOCIATION?
The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
How much revenue does FRANKLIN COUNTY DEVELOPMENT ASSOCIATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $169,032, expenses of $259,785 and total assets of $1,079,271 at year end.

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