Nonprofit · EIN 42-1138199
CRESCO INDUSTRIAL DEVELOPMENT CORPORATION
Tax-exempt · CRESCO, IA 52136
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $30,065 | $13,608 | $16,457 | $777,219 | $235,353 | $541,866 |
| March 31, 2024 | 990 | $32,043 | $24,045 | $7,998 | $775,268 | $249,859 | $525,409 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $12,250
- Investment income
- $17,815
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,340
- Depreciation
- $1,676
- Management and general (functional)
- $13,449
- Fundraising (functional)
- $159
Balance sheet and other
- Total assets, start of year
- $775,268
- Total assets, end of year
- $777,219
- Total liabilities, end of year
- $235,353
- Net assets, end of year
- $541,866
- Land, buildings and equipment
- $34,114
- Net assets without donor restrictions
- $541,866
- Gross receipts
- $30,065
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1960
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CUVELIER | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| MIKE DREES | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHARLES MALEK | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DEREK LEE | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| J SCOTT THOMSON | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended March 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CUVELIER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JEROME WATERBECK | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHARLES MALEK | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DEREK LEE | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| J SCOTT THOMSON | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 101 2D AVE SE, CRESCO, IA 52136-0000
- Principal officer (990 for 2024)
- SCOTT THOMSON, 11897 VALLEY AVE, CRESCO, IA 52136
- Signed the 990
- JASON PASSMORE, EXECUTIVE DIRECTOR
- Phone
- (563) 547-2040
- Return prepared by
- BARTON L SEEBACH PC
Mission
ENCOURAGE NEW BUSINESSES IN CRESCO
Program accomplishments
- FUNDS WERE USED TO ENCOURAGE NEW BUSINESSES TO LOCATE IN CRESCO AND EXISTING BUSINESSES TO EXPAND.SEE ATTACHED SCHEDULE O AND ATTACHED FINANCIAL STATEMENTS FOR THE FISCAL YEAR.revenue $12,250
- NONE0
- NONE0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1138199
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1980
- Accounting year ends
- March
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $777,219
- Income (IRS master file)
- $30,065
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $30,065 | $13,608 | $777,219 | XML |
| 990 | March 2024 | $32,043 | $24,045 | $775,268 | XML |
| 990 | March 2023 | $32,659 | $18,091 | $781,608 | IRS |
| 990 | March 2022 | – | – | – | 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 42-1138199).
Questions about CRESCO INDUSTRIAL DEVELOPMENT CORPORATION
- What is the EIN of CRESCO INDUSTRIAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CRESCO INDUSTRIAL DEVELOPMENT CORPORATION is 42-1138199.
- Is CRESCO INDUSTRIAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1980.
- Which annual return does CRESCO INDUSTRIAL DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CRESCO INDUSTRIAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CRESCO INDUSTRIAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of CRESCO INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 names SCOTT THOMSON.
- Who are the officers and directors of CRESCO INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does CRESCO INDUSTRIAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $30,065, expenses of $13,608 and total assets of $777,219 at year end.
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