Nonprofit · EIN 48-1029610
WAKARUSA VALLEY DEVELOPMENT INC
Tax-exempt · LAWRENCE, KS 66049
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $433,935 | $378,999 | $54,936 | $810,630 | $29,635 | $780,995 |
| June 30, 2024 | 990 | $366,709 | $307,589 | $59,120 | $759,823 | $33,764 | $726,059 |
| June 30, 2023 | 990 | $402,041 | $392,782 | $9,259 | $695,847 | $28,908 | $666,939 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $408,508
- Investment income
- $25,227
- Other revenue
- $200
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $181,847
- Other salaries and wages
- $73,732
- Salaries, compensation and benefits (total)
- $280,847
- Professional fundraising fees
- $0
- Legal fees
- $12,000
- Accounting fees
- $12,590
- Occupancy
- $16,004
- Travel
- $4,702
- Depreciation
- $683
- Program services (functional)
- $287,726
- Management and general (functional)
- $91,273
Balance sheet and other
- Total assets, start of year
- $759,823
- Total assets, end of year
- $810,630
- Total liabilities, end of year
- $29,635
- Net assets, end of year
- $780,995
- Land, buildings and equipment
- $598
- Net assets without donor restrictions
- $780,995
- Gross receipts
- $433,935
- Employees
- 2
- Volunteers
- 9
- Year formed
- 1986
- State of legal domicile
- KS
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 | Other / benefits |
|---|---|---|---|---|
| TROY ROBERTS | EXECUTIVE DI Officer | 40 | $181,847 | $4,284 |
| DAVID CLARK | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SANDY FALEN | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| DIANE MYERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BRENNAN CLARK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MATT BULK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROB GILLESPIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE MEYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CASEY O'BRIEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN TENPENNY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TROY ROBERTS | EXECUTIVE DI Officer | 40 | $187,715 |
| DAVID CLARK | PRESIDENT Trustee or director, Officer | 2 | $0 |
| SANDY FALEN | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| JOEL GENRICH | TREASURER Trustee or director, Officer | 2 | $0 |
| ROB GILLESPIE | SECRETARY Trustee or director, Officer | 2 | $0 |
| MATT BULK | DIRECTOR Trustee or director | 1 | $0 |
| BRENNAN CLARK | DIRECTOR Trustee or director | 1 | $0 |
| KARL KLEIN | DIRECTOR Trustee or director | 1 | $0 |
| DIANE MYERS | DIRECTOR Trustee or director | 1 | $0 |
| BEN TENPENNY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TROY ROBERTS | EXECUTIVE DI Officer | 40 | $116,239 | $94,741 |
| DAVID CLARK | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SANDY FALEN | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| JOEL GENRICH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ROB GILLESPIE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MATT BULK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENNAN CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARL KLEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE MYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN TENPENNY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4824 QUAIL CREST PL STE D, LAWRENCE, KS 66049-3920
- Principal officer (990 for 2024)
- DAVID CLARK, 4824 QUAIL CREST PL STE D, LAWRENCE, KS 66049
- Signed the 990
- TROY ROBERTS, EXECUTIVE DIRECTOR
- Phone
- (785) 749-7600
- Website
- WWW.WAKARUSAVALLEY.ORG
- Return prepared by
- SSC ADVISORS INC
Mission
TO ASSIST WITH THE CREATION AND RETENTION OF JOBS IN THE COMMUNITY.
Program accomplishments
- PROVIDE ASSISTANCE TO SMALL BUSINESSES SEEKING FINANCING FOR EXPANSION ACTIVITIES THAT WILL CREATE NEW JOBS IN THE COMMUNITY.
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
- 48-1029610
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $810,630
- Income (IRS master file)
- $433,935
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $433,935 | $378,999 | $810,630 | XML |
| 990 | June 2024 | $366,709 | $307,589 | $759,823 | XML |
| 990 | June 2023 | $402,041 | $392,782 | $695,847 | XML |
| 990 | June 2022 | $523,545 | $450,244 | $694,582 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 48-1029610).
Questions about WAKARUSA VALLEY DEVELOPMENT INC
- What is the EIN of WAKARUSA VALLEY DEVELOPMENT INC?
- The employer identification number (EIN) of WAKARUSA VALLEY DEVELOPMENT INC is 48-1029610.
- Is WAKARUSA VALLEY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2000.
- Are donations to WAKARUSA VALLEY DEVELOPMENT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WAKARUSA VALLEY 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 WAKARUSA VALLEY 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 WAKARUSA VALLEY 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 WAKARUSA VALLEY DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names DAVID CLARK.
- Who are the officers and directors of WAKARUSA VALLEY DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $181,847 (TROY ROBERTS, EXECUTIVE DI).
- How much revenue does WAKARUSA VALLEY DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $433,935, expenses of $378,999 and total assets of $810,630 at year end.
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