Nonprofit · EIN 23-7276266
DEVELOPMENT CORPORATION OF AUSTIN
Tax-exempt · AUSTIN, MN 55912
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $577,332 | $579,295 | -$1,963 | $4,729,717 | $3,236,120 | $1,493,597 |
| December 31, 2023 | 990 | $507,725 | $559,275 | -$51,550 | $4,988,067 | $3,507,153 | $1,480,914 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $132,581
- of which government grants
- $65,331
- Membership dues
- $67,250
- Program service revenue
- $428,267
- Investment income
- $16,484
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $135,310
- Other salaries and wages
- $82,582
- Salaries, compensation and benefits (total)
- $236,879
- Professional fundraising fees
- $0
- Legal fees
- $560
- Accounting fees
- $58,620
- Occupancy
- $16,278
- Travel
- $4,723
- Depreciation
- $59,744
Balance sheet and other
- Total assets, start of year
- $4,988,067
- Total assets, end of year
- $4,729,717
- Total liabilities, end of year
- $3,236,120
- Net assets, end of year
- $1,493,597
- Land, buildings and equipment
- $1,130,115
- Net assets without donor restrictions
- $1,493,597
- Gross unrelated business income
- -$6,491
- Gross receipts
- $577,332
- Employees
- 4
- Volunteers
- 30
- Year formed
- 1986
- State of legal domicile
- MN
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 | Other / benefits |
|---|---|---|---|---|
| JOHN GARRY | EXEC. DIRECTOR Trustee or director, Officer | 30 | $131,369 | $3,941 |
| SCOTT FOX | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| NAN HANEGRAFF | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| TAGGERT MEDGAARDEN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| JOHN HERNANDEZ | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| BETSY MOREM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD FJELSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARTER WAGNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD SAYLES | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DAVID CLASEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL DENNISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFF BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFF SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON BASKIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM KRUEGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE BOWER | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN AKKERMAN | DIRECTOR Trustee or director | 1 | $0 |
| DR KAT LINAKER | DIRECTOR Trustee or director | 1 | $0 |
| KRISTIN JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| LANCE POGONES | DIRECTOR Trustee or director | 1 | $0 |
| MARK NIBAUR | DIRECTOR Trustee or director | 1 | $0 |
| MIKE POSTMA | DIRECTOR Trustee or director | 1 | $0 |
| MIKE TAPP | DIRECTOR Trustee or director | 1 | $0 |
| NATE JANSEN | DIRECTOR Trustee or director | 1 | $0 |
| NATHAN ANNIS | DIRECTOR Trustee or director | 1 | $0 |
| TANYA MEDGAARDEN | DIRECTOR Trustee or director | 1 | $0 |
| PATTY TEWES | DIRECTOR Trustee or director | 1 | $0 |
| STEVE HOVEY | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN GARRY | EXEC. DIRECTOR Officer | 30 | $126,316 | $3,790 |
| SCOTT FOX | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| NAN HANEGRAFF | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| JOHN HERNANDEZ | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| TANYA MEDGAARDEN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BRAD FJELSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARTER WAGNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD SAYLES | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DAVE CLASEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAINE HANSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL DENNISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFF BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFF SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON BASKIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM KRUEGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTIN JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LANCE POGONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK NIBAUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE POSTMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE TAPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATE JANSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATHAN ANNIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATTY TEWES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE HOVEY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| TAGGERT MEDGAARDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 329 N MAIN ST STE 106L, AUSTIN, MN 55912-3478
- Principal officer (990 for 2024)
- JOHN GARRY, 329 NORTH MAIN STREET SUITE 106L, AUSTIN, MN 55912
- Signed the 990
- JOHN GARRY, PRESIDENT/CEO
- Phone
- (507) 433-9495
- Website
- WWW.AUSTINDCA.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO AGGRESSIVELY SUPPORT NEW OR EXISTING INDUSTRIAL AND OTHER COMMERCIAL ENTERPRISES FOR THE ECONOMIC BETTERMENT OF AUSTIN AND MOWER COUNTY.
Program accomplishments
- DCA'S SMALL BUSINESS DEVELOPMENT CENTER (SBDC) SATELLITE OFFICE PROVIDES PROFESSIONAL BUSINESS ADVICE AT NO COST TO THE CLIENT IN SUCH AREAS AS: ACCESS TO CAPITAL AND LOAN PACKAGING; FINANCIAL ANALYSIS AND ASSESSMENT; ACCOUNTING SYSTEMS AND LITERACY; MARKETING AND RESEARCH; MARKETING PLAN DEVELOPMENT; FEASIBILITY ANALYSIS; STARTUP ASSISTANCEBUSINESS PLAN DEVELOPMENT; ELECTRONIC COMMERCE/WEB SITE DEVELOPMENT, SUCCESSION AND STRATEGIC PLANNING.
- DCA SUPPORTING ORGANIZATION, AUSTIN COMMUNITY GROWTH VENTURES, OPERATES LAUNCH (CO-OFFICING SPACE) AND STARTUP FACTORY (INTENSIVE BUSINESS DEVELOPMENT SUPPORT AND COMMERCIALIZATION GUIDANCE).DCA SUPPORTING ORGANIZATION, AUSTIN COMMUNITY CHARITABLE FUND, SUPPORTS AUSTIN AREA MINORITY BUSINESS PROJECT. THIS PROJECT PROVIDES COMPREHENSIVE ECONOMIC DEVELOPMENT LEGAL SERVICES TO IMMIGRANT AND MINORITY BUSINESS OWNERS AND EMPLOYEES IN THE AREA OF AUSTIN, MINNESOTA. COMPREHENSIVE SERVICES UNDER THIS PROJECT PROVIDE BUSINESS TECHNICAL LEGAL SUPPORT AND EDUCATION, IMMIGRATION LEGAL SERVICES, HOLISTIC PRO BONO LEGAL SERVICES, AND LONGITUDINAL, HOLISTIC EVALUATION AND OUTCOME ANALYSIS. PARTNERS PROVIDING THESE SERVICES ARE THE DEVELOPMENT CORPORATION OF AUSTIN, IMMIGRANT LAW CENTER OF MINNESOTA, THE BALLARD SPAHR PRO BONO TEAM, AND HISPANIC ADVOCACY AND COMMUNITY EMPOWERMENT THROUGH RESEARCH, WHOSE SERVICES OCCUPY DISTINCT PROJECT ROLES.DCA SUPPORTING ORGANIZATION AUSTIN COMMUNITY CHARITABLE FUND SUPPORTS COMMUNITY DEVELOPMENT AND QUALITY OF LIFE PROJECTS THROUGH IMPACT AUSTIN. IMPACT AUSTIN WILL ENSURE DIVERSE COMMUNITY INVOLVEMENT IN THE CITY OF AUSTIN'S AND MOWER COUNTY'S COMPREHENSIVE PLAN IN 2024-2025.
- THE PURPOSE OF THE FORGIVABLE LOAN PROGRAM WILL BE TO PROVIDE FOR THE PROMOTION AND CONTINUATION OF EXISTING LIFESTYLE BUSINESSES WITHIN MOWER COUNTY. MOST OF THESE BUSINESSES ARE OWNED AND OPERATED BY ONE INDIVIDUAL OR A FAMILY. THE FORGIVABLE LOAN/GRANT PROGRAM WILL PROVIDE AN INCENTIVE FOR A NEW INDIVIDUAL TO PURCHASE AN EXISTING LIFESTYLE BUSINESS AND CONTINUE OPERATIONS. A LIFESTYLE BUSINESS IS DEFINED AS A FOR PROFIT BUSINESS IN WHICH THE OWNER WILL BE TREATING THE BUSINESS AS THEIR FULL-TIME JOB.
- THE PURPOSE OF THE REAL ESTATE FUND IS TO INVEST IN REAL ESTATE DEVELOPMENT AND REDEVELOPMENT PROJECTS THAT HAVE A COMMUNITY IMPACT WHILE ALSO ACHIEVING 8%-12% RETURNS FOR INVESTORS.
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
- 23-7276266
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,729,717
- Income (IRS master file)
- $577,332
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $577,332 | $579,295 | $4,729,717 | XML |
| 990 | December 2023 | $507,725 | $559,275 | $4,988,067 | XML |
| 990 | December 2022 | $505,143 | $434,896 | $5,288,985 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 23-7276266).
Questions about DEVELOPMENT CORPORATION OF AUSTIN
- What is the EIN of DEVELOPMENT CORPORATION OF AUSTIN?
- The employer identification number (EIN) of DEVELOPMENT CORPORATION OF AUSTIN is 23-7276266.
- Is DEVELOPMENT CORPORATION OF AUSTIN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to DEVELOPMENT CORPORATION OF AUSTIN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DEVELOPMENT CORPORATION OF AUSTIN 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 DEVELOPMENT CORPORATION OF AUSTIN 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 DEVELOPMENT CORPORATION OF AUSTIN 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 DEVELOPMENT CORPORATION OF AUSTIN?
- The 990 for the year ended December 31, 2024 names JOHN GARRY.
- Who are the officers and directors of DEVELOPMENT CORPORATION OF AUSTIN?
- The 990 for the year ended December 31, 2024 lists 28 people; 1 received compensation from the organization, the highest $131,369 (JOHN GARRY, EXEC. DIRECTOR).
- How much revenue does DEVELOPMENT CORPORATION OF AUSTIN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $577,332, expenses of $579,295 and total assets of $4,729,717 at year end.
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