Nonprofit · EIN 42-1421917
MONTGOMERY COUNTY DEVELOPMENT CORPORATION
Tax-exempt · RED OAK, IA 51566
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $80,142 | $104,331 | -$24,189 | $433,440 | $1,871 | $431,569 |
| June 30, 2024 | 990 | $352,095 | $92,589 | $259,506 | $457,833 | $2,075 | $455,758 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $65,200
- of which government grants
- $15,000
- Membership dues
- $50,200
- Program service revenue
- $0
- Investment income
- $13,180
- Other revenue
- $1,762
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $60,000
- Salaries, compensation and benefits (total)
- $64,632
- Professional fundraising fees
- $0
- Accounting fees
- $4,200
- Travel
- $2,284
- Depreciation
- $895
- Program services (functional)
- $96,047
- Management and general (functional)
- $8,284
Balance sheet and other
- Total assets, start of year
- $457,833
- Total assets, end of year
- $433,440
- Total liabilities, end of year
- $1,871
- Net assets, end of year
- $431,569
- Land, buildings and equipment
- $7,605
- Gross receipts
- $80,142
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1994
- 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 | From related orgs |
|---|---|---|---|---|
| STEVE ADAMS | EXECUTIVE DIRECTOR Key employee | 40 | $0 | $60,000 |
| TIM FRIDOLPH | PRESIDENT Officer | 1 | $0 | $0 |
| MIKE OLSON | VICE PRESIDENT Officer | 1 | $0 | $0 |
| KRYSTALLE FADA | SECRETARY Officer | 1 | $0 | $0 |
| LEE HAIDSIAK | TREASURER Officer | 1 | $0 | $0 |
| JEANICE LESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYANT AMOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON LORENZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA KOTTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS BLOOM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON LANDESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEB MAHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON ORME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAINE CARLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYANT BLAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN CARDER | DIRECTOR Trustee or director | 1 | $0 |
| JENNA RASMEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| STEVE ADAMS | EXECUTIVE DIRECTOR Key employee | 40 | $0 | $60,000 |
| TIM FRIDOLPH | PRESIDENT Officer | 1 | $0 | $0 |
| MIKE OLSON | VICE PRESIDENT Officer | 1 | $0 | $0 |
| KRYSTALLE FADA | SECRETARY Officer | 1 | $0 | $0 |
| LEE HAIDSIAK | TREASURER Officer | 1 | $0 | $0 |
| ANN CARDER | PAST PRESDIENT Officer | 1 | $0 | $0 |
| JEANICE LESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNA RASMEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY COOPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON LORENZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON BRADLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS BLOOM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON LANDESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN HART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON ORME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN BEESON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 307 E REED ST, RED OAK, IA 51566-2330
- In care of
- % PAUL GRIFFEN
- Mailing address (990-N for 2016)
- 307 E Reed Street, Red Oak IA 51566
- Principal officer (990 for 2024)
- TIM FRIDOLPH, 508 HIGHLAND AVE, RED OAK, IA 51566
- Principal officer (990-N for 2016)
- Shawnna Silvius, 307 E Reed Street, Red Oak IA 51566
- Signed the 990
- TIM FRIDOLPH, PRESIDENT
- Phone
- (712) 357-1122
- Return prepared by
- CARRICK & ASSOCIATES LLP
Mission
ECONOMIC DEVELOPMENT
Program accomplishments
- ECONOMIC DEVELOPMENT ON A COUNTY WIDE BASIS. RECRUITMENT OF BUSINESS AND JOB TO THE COUNTY.Expenses $96,047 · revenue $14,942
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
- 42-1421917
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N20)
- Assets (IRS master file)
- $433,440
- Income (IRS master file)
- $80,142
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $80,142 | $104,331 | $433,440 | XML |
| 990 | June 2024 | $352,095 | $92,589 | $457,833 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-N for 2016 Officer: Shawnna Silvius | June 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 42-1421917).
Questions about MONTGOMERY COUNTY DEVELOPMENT CORPORATION
- What is the EIN of MONTGOMERY COUNTY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MONTGOMERY COUNTY DEVELOPMENT CORPORATION is 42-1421917.
- Is MONTGOMERY COUNTY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2002.
- Are donations to MONTGOMERY COUNTY DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MONTGOMERY COUNTY DEVELOPMENT CORPORATION 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 MONTGOMERY COUNTY DEVELOPMENT CORPORATION 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 MONTGOMERY COUNTY DEVELOPMENT CORPORATION 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 MONTGOMERY COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names TIM FRIDOLPH.
- Who are the officers and directors of MONTGOMERY COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does MONTGOMERY COUNTY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $80,142, expenses of $104,331 and total assets of $433,440 at year end.
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