Nonprofit · EIN 42-1111039
FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED
Tax-exempt · FAIRFIELD, IA 52556
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $495,663 | $214,591 | $281,072 | $2,878,589 | $749,258 | $2,129,331 |
| June 30, 2024 | 990 | $652,704 | $154,059 | $498,645 | $2,274,006 | $425,747 | $1,848,259 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $350,855
- Membership dues
- $92,758
- Program service revenue
- $10,000
- Investment income
- $30,413
- Net rental income
- $53,100
- Net income from fundraising events
- $10,600
- Other revenue
- $104,395
Expenses
- Grants and similar amounts paid
- $250
- Other salaries and wages
- $34,417
- Salaries, compensation and benefits (total)
- $43,990
- Professional fundraising fees
- $0
- Legal fees
- $1,676
- Accounting fees
- $18,538
- Occupancy
- $14,915
- Travel
- $2,365
Balance sheet and other
- Total assets, start of year
- $2,274,006
- Total assets, end of year
- $2,878,589
- Total liabilities, end of year
- $749,258
- Net assets, end of year
- $2,129,331
- Land, buildings and equipment
- $2,000,410
- Gross receipts
- $567,980
- Employees
- 2
- Volunteers
- 10
- Year formed
- 1978
- 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 |
|---|---|---|---|
| ALISSA WARD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AARON KNESS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| VANESSA WILLMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| CURTIS SMITH | DIRECTOR Trustee or director | 1 | $0 |
| TI LIPTAK | DIRECTOR Trustee or director | 1 | $0 |
| NATE WEATON | DIRECTOR Trustee or director | 1 | $0 |
| ROGER VORHIES | DIRECTOR Trustee or director | 1 | $0 |
| AMY JONES TERM ENDED IN FY | DIRECTOR Trustee or director | 1 | $0 |
| NICK GRAHAM TERM ENDED IN FY | DIRECTOR Trustee or director | 1 | $0 |
| KEN ROSS TERM ENDED IN FY | DIRECTOR Trustee or director | 1 | $0 |
| ED MALLOY | EXECUTIVE DI Officer | 40 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSH LARABY - RESIGNED 10523 | EXECUTIVE DI Officer | 40 | $82,155 | $7,839 |
| JOE STEVER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| AARON KNESS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALISSA WARD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CURTIS SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN ROSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER VORHIES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED MALLOY | EXECUTIVE DI Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 N COURT ST, FAIRFIELD, IA 52556-2812
- Principal officer (990 for 2024)
- ALISSA WARD, 101 N COURT ST, FAIRFIELD, IA 52556
- Signed the 990
- VANESSA WILLMAN, TREASURER
- Phone
- (641) 472-3436
- Website
- WWW.GROWFAIRFIELD.COM
- Return prepared by
- TDT CPAS AND ADVISORS PC
Mission
TO SUSTAIN AND IMPROVE THE QUALITY OF LIFE OF THE CITIZENS OF FAIRFIELD, IOWA THROUGH TARGETED ECONOMIC DEVELOPMENT INITIATIVES AND PROGRAMS.
Program accomplishments
- PROVIDE COST SHARING OF ENTREPRENEURIAL SERVICES FOR BUSINESS DEVELOPMENT.
- HONOR A TEACHER FROM THE FAIRFIELD COMMUNITY SCHOOL DISTRICT FOR THEIR OUTSTANDING PERFORMANCE AND ACHIEVEMENTS.
- TO ENCOURAGE YOUNG ADULTS TO RETURN TO FAIRFIELD TO SETTLE AND BEGIN THEIR LIVES IN THE AREA.
- ORGANIZATION SUPPORTS FAIRFIELD COMMUNITY THROUGH LAND SALES AND DONATIONS.
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
- 42-1111039
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,878,589
- Income (IRS master file)
- $567,980
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $495,663 | $214,591 | $2,878,589 | IRS |
| 990 | June 2024 | $652,704 | $154,059 | $2,274,006 | XML |
| 990 | June 2023 | $125,439 | $165,511 | $1,752,007 | IRS |
| 990 | June 2022 | $243,784 | $141,714 | $1,599,604 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 42-1111039).
Questions about FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED
- What is the EIN of FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED?
- The employer identification number (EIN) of FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED is 42-1111039.
- Is FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
- Are donations to FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION 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 FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED 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 FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED 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 FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED?
- The 990 for the year ended June 30, 2025 names ALISSA WARD.
- Who are the officers and directors of FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does FAIRFIELD ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $495,663, expenses of $214,591 and total assets of $2,878,589 at year end.
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