Nonprofit · EIN 20-5079781
WE LEAD
Tax-exempt · WEST LIBERTY, IA 52776
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $220,331 | $228,838 | -$8,507 | $771,781 | $7,368 | $764,413 |
| December 31, 2023 | 990 | $151,681 | $138,569 | $13,112 | $796,356 | $23,436 | $772,920 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $190,687
- Investment income
- $239
- Net rental income
- $25,575
- Other revenue
- $29,405
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $128,208
- Salaries, compensation and benefits (total)
- $143,923
- Professional fundraising fees
- $0
- Accounting fees
- $540
- Occupancy
- $7,832
- Travel
- $7,251
- Depreciation
- $19,602
- Program services (functional)
- $196,984
- Management and general (functional)
- $31,854
Balance sheet and other
- Total assets, start of year
- $796,356
- Total assets, end of year
- $771,781
- Total liabilities, end of year
- $7,368
- Net assets, end of year
- $764,413
- Land, buildings and equipment
- $544,720
- Net assets without donor restrictions
- $764,413
- Gross receipts
- $220,331
- Employees
- 2
- Year formed
- 2006
- 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 |
|---|---|---|---|
| KENNETH BROOKS | EXECUTIVE DIRECTOR Trustee or director | 40 | $78,125 |
| DANA NELSON | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| SANTOS SAUCEDO | PAST PRESIDENT Trustee or director, Officer | 5 | $0 |
| JASON CASSADY | TREASURER Trustee or director | 5 | $0 |
| MELODY RUSSELL | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| JERRY MELICK | PRESIDENT Trustee or director, Officer | 5 | $0 |
| SHAUN KRUGER | DIRECTOR Trustee or director | 5 | $0 |
| LEE GEERTZ | DIRECTOR Trustee or director | 5 | $0 |
| KURT KIRCHNER | DIRECTOR Trustee or director | 5 | $0 |
| MARK SMITH | DIRECTOR Trustee or director | 5 | $0 |
| BRANDON ACHEN | DIRECTOR Trustee or director | 5 | $0 |
| HEATHER WISMAN | DIRECTOR Trustee or director | 5 | $0 |
| MARY LARSON | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANA NELSON | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| SANTOS SAUCEDO | PAST PRESIDENT Trustee or director, Officer | 5 | $0 |
| JASON CASSADY | DIRECTOR Trustee or director | 5 | $0 |
| MELODY RUSSELL | SECRETARY Trustee or director, Officer | 5 | $0 |
| TOM ALBERTI | DIRECTOR Trustee or director | 5 | $0 |
| JERRY MELICK | PRESIDENT Trustee or director, Officer | 5 | $0 |
| SHAUN KRUGER | DIRECTOR Trustee or director | 5 | $0 |
| KENNETH BROOKS | EXECUTIVE DIRECTOR Trustee or director | 40 | $0 |
| JEFF SCHEBLER | TREASURER Trustee or director, Officer | 5 | $0 |
| LEE GEERTZ | DIRECTOR Trustee or director | 5 | $0 |
| KURT KIRCHNER | DIRECTOR Trustee or director | 5 | $0 |
| CARA MCFERREN | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 119 E 3RD ST, WEST LIBERTY, IA 52776-1401
- In care of
- % CINDY MAYS - PRESIDENT
- Principal officer (990 for 2024)
- KENNETH BROOKS, 119 E 3RD ST, WEST LIBERTY, IA 52776
- Signed the 990
- KENNETH BROOKS, EXECUTIVE DIRECTOR
- Phone
- (319) 627-4045
- Website
- http://www.welead-iowa.com
- Return prepared by
- MARTIN P BROWN CPA
Mission
THE ORGANIZATION PROMOTES ECONOMIC GROWTH TO THE WEST LIBERTY IA AREA.
Program accomplishments
- THE ORGANIZATION IS ORGANIZED TO BE A VEHICLE TO PROVIDE ECONOMIC GROWTH FOR THE CITY OF WEST LIBERTY, IA. THE ORGANIZATION IS INVOLVED IN MARKETING, BUSINESS EXPANSION AND RETENTION, COMMUNITY LEADERSHIP AND SETTING GOALS FOR ECONOMIC DEVELOPMENT IN THE COMMUNITY AND EDUCATION OPPERTUNITIES TO ALL ASPECTS OF THE COMMUNITY.Expenses $196,984 · revenue $220,331
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 on file |
IRS record
- EIN
- 20-5079781
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $771,781
- Income (IRS master file)
- $220,331
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $220,331 | $228,838 | $771,781 | XML |
| 990 | December 2023 | $151,681 | $138,569 | $796,356 | XML |
| 990 | December 2022 | $144,695 | $136,992 | $801,858 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 20-5079781).
Questions about WE LEAD
- What is the EIN of WE LEAD?
- The employer identification number (EIN) of WE LEAD is 20-5079781.
- Is WE LEAD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to WE LEAD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WE LEAD 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 WE LEAD 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 WE LEAD 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 WE LEAD?
- The 990 for the year ended December 31, 2024 names KENNETH BROOKS.
- Who are the officers and directors of WE LEAD?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $78,125 (KENNETH BROOKS, EXECUTIVE DIRECTOR).
- How much revenue does WE LEAD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $220,331, expenses of $228,838 and total assets of $771,781 at year end.
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- WEST LIBERTY COMMUNITY SCHOOL DISTRICT FOUNDATION EIN 42-1381579 · last filed 990 for 2025
- MUSCATINE COUNTY FAIR EIN 42-0572717 · last filed 990 for 2025
- GOLDEN YEARS HOUSING INC EIN 23-7362369 · last filed 990 for 2025
- WEST LIBERTY GOLF AND COUNTRY CLUB EIN 42-0821054 · last filed 990 for 2025
- WEST LIBERTY COMMUNITY CENTER INC EIN 42-1446054 · last filed 990 for 2024
All nonprofits in WEST LIBERTY · Iowa · Community improvement and capacity building