Nonprofit · EIN 42-1234767
PERRY ECONOMIC DEVELOPMENT INC
Tax-exempt · PERRY, IA 50220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $476,375 | $178,491 | $297,884 | $2,347,264 | $885,851 | $1,461,413 |
| June 30, 2024 | 990 | $400,372 | $1,924,851 | -$1,524,479 | $2,593,652 | $1,430,123 | $1,163,529 |
| June 30, 2023 | 990 | $158,353 | $492,951 | -$334,598 | $4,601,849 | $1,797,130 | $2,804,719 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $154,560
- Membership dues
- $24,700
- Program service revenue
- $0
- Investment income
- $318,592
- Net rental income
- $3,223
- Net gain from sales of assets
- $310,411
- Other revenue
- $3,223
Expenses
- Grants and similar amounts paid
- $95,150
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $12,875
- Occupancy
- $47,342
- Travel
- $2,530
- Program services (functional)
- $160,034
- Management and general (functional)
- $18,457
Balance sheet and other
- Total assets, start of year
- $2,593,652
- Total assets, end of year
- $2,347,264
- Total liabilities, end of year
- $885,851
- Net assets, end of year
- $1,461,413
- Land, buildings and equipment
- $2,124,082
- Gross receipts
- $825,096
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1980
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF HUITT | President Trustee or director, Officer | 2 | $0 |
| JASON LEVAN | Vice President Trustee or director, Officer | 1 | $0 |
| DARREN LINDSTROM | Secretary Trustee or director, Officer | 1 | $0 |
| EDDIE DIAZ | Treasurer Trustee or director, Officer | 1 | $0 |
| MATT MCDEVITT | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT FINNESETH | Director Trustee or director | 1 | $0 |
| THOMAS BURKGREN | Director Trustee or director | 1 | $0 |
| TERRY NIELSEN | Director Trustee or director | 1 | $0 |
| DAN SPELLMAN | Director Trustee or director | 1 | $0 |
| TERRY NIELSEN | Director Trustee or director | 1 | $0 |
| JON PETERS | Director Trustee or director | 1 | $0 |
| MIKE VAN HOUWELING | Director Trustee or director | 1 | $0 |
| JACKSON VANKIRK | Director Trustee or director | 1 | $0 |
| ANGELA MORTOZA | Director Trustee or director | 1 | $0 |
| DAVID FINNESETH | Director Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONI CAMPIDILLI | Director Trustee or director | 1 | $0 |
| DEB LUCHT | Director Trustee or director | 1 | $0 |
| AMY RATHJE | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF HUITT | President Trustee or director, Officer | 2 | $0 |
| JASON LEVAN | Vice President Trustee or director, Officer | 1 | $0 |
| DARREN LINDSTROM | Secretary Trustee or director, Officer | 1 | $0 |
| EDDIE DIAZ | Treasurer Trustee or director, Officer | 1 | $0 |
| MATT MCDEVITT | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT FINNESETH | Director Trustee or director | 1 | $0 |
| THOMAS BURKGREN | Director Trustee or director | 1 | $0 |
| TERRY NIELSEN | Director Trustee or director | 1 | $0 |
| DAN SPELLMAN | Director Trustee or director | 1 | $0 |
| TERRY NIELSEN | Director Trustee or director | 1 | $0 |
| JON PETERS | Director Trustee or director | 1 | $0 |
| MIKE VAN HOUWELING | Director Trustee or director | 1 | $0 |
| JACKSON VANKIRK | Director Trustee or director | 1 | $0 |
| ANGELA MORTOZA | Director Trustee or director | 1 | $0 |
| DAVID FINNESETH | Director Trustee or director | 1 | $0 |
| JONI CAMPIDILLI | Director Trustee or director | 1 | $0 |
| DEB LUCHT | Director Trustee or director | 1 | $0 |
| AMY RATHJE | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATT MCDEVITT | Director Trustee or director | 2 | $0 |
| DARREN LINDSTROM | Treasurer Trustee or director, Officer | 1 | $0 |
| MICHAEL VAN HOUWELING | Director Trustee or director | 1 | $0 |
| SCOTT FINNESETH | Director Trustee or director | 1 | $0 |
| THOMAS BURKGREN | Director Trustee or director | 0 | $0 |
| EDDIE DIAZ | Secretary Trustee or director, Officer | 0 | $0 |
| JEFF HUITT | President Trustee or director, Officer | 0 | $0 |
| JASON LEVAN | Vice President Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1307 2ND ST, PERRY, IA 50220-1511
- Principal officer (990 for 2024)
- JEFF HUITT, 1307 2ND ST, PERRY, IA 50220
- Signed the 990
- JEFF HUITT, President
- Phone
- (515) 465-3591
- Return prepared by
- Meriwether Wilson & Co PLLC
Mission
ECONOMIC DEVELOPMENT FOR PERRY, IOWA
Program accomplishments
- PERRY ECONOMIC DEVELOPMENT PARTNERS WITH THE CITY OF PERRY AND OTHERS. IT IS A CATALYST ORGANIZATION THAT SUPPORTS AND FACILITATES THE SUSTAINABLE GROWTH AND DEVELOPMENT OF THE CITY.Expenses $160,034
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1234767
- 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
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S303)
- Assets (IRS master file)
- $2,347,264
- Income (IRS master file)
- $825,096
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $476,375 | $178,491 | $2,347,264 | XML |
| 990 | June 2024 | $400,372 | $1,924,851 | $2,593,652 | IRS |
| 990 | June 2023 | $158,353 | $492,951 | $4,601,849 | XML |
| 990 | June 2022 | $1,890,621 | $1,812,097 | $5,122,246 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 42-1234767).
Questions about PERRY ECONOMIC DEVELOPMENT INC
- What is the EIN of PERRY ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of PERRY ECONOMIC DEVELOPMENT INC is 42-1234767.
- Is PERRY ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to PERRY ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PERRY ECONOMIC DEVELOPMENT INC 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 PERRY ECONOMIC DEVELOPMENT INC 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 PERRY ECONOMIC DEVELOPMENT INC 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 PERRY ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names JEFF HUITT.
- Who are the officers and directors of PERRY ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does PERRY ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $476,375, expenses of $178,491 and total assets of $2,347,264 at year end.
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All nonprofits in PERRY · Iowa · Community improvement and capacity building