Nonprofit · EIN 42-0757957
COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED
Tax-exempt · COUNCIL BLFS, IA 51503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,798,263 | $47,050 | $1,751,213 | $9,102,739 | $34,610 | $9,068,129 |
| December 31, 2023 | 990 | $125,051 | $38,710 | $86,341 | $7,348,297 | $31,381 | $7,316,916 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,550
- Membership dues
- $1,550
- Program service revenue
- $0
- Investment income
- $158,708
- Net rental income
- $25,881
- Net income from sales of inventory
- $1,612,124
- Other revenue
- $1,638,005
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $15,034
- Accounting fees
- $6,407
- Program services (functional)
- $43,450
- Management and general (functional)
- $3,600
Balance sheet and other
- Total assets, start of year
- $7,348,297
- Total assets, end of year
- $9,102,739
- Total liabilities, end of year
- $34,610
- Net assets, end of year
- $9,068,129
- Net assets without donor restrictions
- $9,068,129
- Gross receipts
- $3,491,459
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1954
- 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 |
|---|---|---|---|
| BRETT EDWARDS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOSH KALLSEN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RON TEKIPPE | DIRECTOR Trustee or director | 1 | $0 |
| NATOSHA SKILES | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS DEWEY | DIRECTOR Trustee or director | 1 | $0 |
| MARK ANDERSEN | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN STULL | DIRECTOR Trustee or director | 1 | $0 |
| LYLE DITMARS | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE DOLL | DIRECTOR Trustee or director | 1 | $0 |
| MITCH LANE | DIRECTOR Trustee or director | 1 | $0 |
| MATT O'REILLY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT EDWARDS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOSH KALLSEN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RON TEKIPPE | DIRECTOR Trustee or director | 1 | $0 |
| NATOSHA SKILES | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS DEWEY | DIRECTOR Trustee or director | 1 | $0 |
| MARK ANDERSEN | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN STULL | DIRECTOR Trustee or director | 1 | $0 |
| LYLE DITMARS | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE DOLL | DIRECTOR Trustee or director | 1 | $0 |
| MITCH LANE | DIRECTOR Trustee or director | 1 | $0 |
| MATT O'REILLY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 149 W BROADWAY, COUNCIL BLFS, IA 51503-4312
- Principal officer (990 for 2024)
- BRETT EDWARDS, 149 W BROADWAY, COUNCIL BLUFFS, IA 51503
- Signed the 990
- BRETT EDWARDS, PRESIDENT
- Phone
- (712) 325-1000
- Return prepared by
- HAMILTON ASSOCIATES PC
Mission
THE COUNCIL BLUFFS INDUSTRIAL FOUNDATIONS MISSION IS TO PROMOTE THE INDUSTRIAL GROWTH OF THE CITY OF COUNCIL BLUFFS THROUGH THE DEVELOPMENT AND REFURBISHMENT OF LAND FOR SALE TO BUSINESSES
Program accomplishments
- SINCE 1954, THE COUNCIL BLUFFS INDUSTRIAL FOUNDATION HAS DEVELOPED AND SOLD OVER TWENTY TWO . 7 MILLION DOLLARS WORTH OF LAND TO BUSINESSES IN THEIR EFFORTS TO PROMOTE THE INDUSTRIAL GROWTH OF COUNCIL BLUFFS.
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
- 42-0757957
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,102,739
- Income (IRS master file)
- $3,491,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,798,263 | $47,050 | $9,102,739 | XML |
| 990 | December 2023 | $125,051 | $38,710 | $7,348,297 | XML |
| 990 | December 2022 | $1,102,234 | $37,326 | $7,270,280 | 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 42-0757957).
Questions about COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED
- What is the EIN of COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED?
- The employer identification number (EIN) of COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED is 42-0757957.
- Is COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1958.
- Are donations to COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED 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 COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED 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 COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED 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 COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED?
- The 990 for the year ended December 31, 2024 names BRETT EDWARDS.
- Who are the officers and directors of COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does COUNCIL BLUFFS INDUSTRIAL FOUNDATION INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,798,263, expenses of $47,050 and total assets of $9,102,739 at year end.
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