Nonprofit · EIN 42-1233462
RISE LTD DEVELOPMENT CORPORATION
Tax-exempt · ELKADER, IA 52043
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $89,572 | $68,004 | $21,568 | $139,376 | $75,825 | $63,551 |
| June 30, 2024 | 990-PF | $74,000 | $59,748 | $14,252 | $146,143 | $104,160 | $41,983 |
| June 30, 2023 | 990-PF | $71,731 | $62,008 | $9,723 | $137,995 | $110,264 | $27,731 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Interest
- $31
- Other income
- $89,541
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $5,268
- Disbursements for charitable purposes
- $6,233
Balance sheet and other
- Total assets, start of year
- $146,143
- Total assets, end of year
- $139,376
- Total liabilities, end of year
- $75,825
- Net assets, end of year
- $63,551
- Fair market value of assets
- $139,376
- Qualifying distributions
- $6,233
- Net investment income
- $31
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allan Nelson 106 Rainbow Dr, Elkader, IA 52043 | Chair | 1 | $0 |
| Courtney Vorwald 106 Rainbow Dr, Elkader, IA 52043 | Vice-Chair | 1 | $0 |
| Jade Beck 106 Rainbow Dr, Elkader, IA 52043 | Director | 1 | $0 |
| Ann Gibney 106 Rainbow Dr, Elkader, IA 52043 | Director | 1 | $0 |
| Deb Howard 106 Rainbow Dr, Elkader, IA 52043 | Director | 1 | $0 |
| Audie Baumgartner 106 Rainbow Dr, Elkader, IA 52043 | Director | 1 | $0 |
| David Lechtenberg 106 Rainbow Dr, Elkader, IA 52043 | Director (from June 2025) | 1 | $0 |
| Jessica Pensel 106 Rainbow Dr, Elkader, IA 52043 | Executive Director | 1 | $0 |
990-PF for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allan Nelson 106 Rainbow Dr, Elkader, IA 52043 | Chair | 1 | $0 |
| Courtney Vorwald 106 Rainbow Dr, Elkader, IA 52043 | Vice-Chair | 1 | $0 |
| Steve Bunn 106 Rainbow Dr, Elkader, IA 52043 | Director (until May 2024) | 1 | $0 |
| Jade Beck 106 Rainbow Dr, Elkader, IA 52043 | Director | 1 | $0 |
| Ann Gibney 106 Rainbow Dr, Elkader, IA 52043 | Director | 1 | $0 |
| Deb Howard 106 Rainbow Dr, Elkader, IA 52043 | Director (from May 2024) | 1 | $0 |
| Audie Baumgartner 106 Rainbow Dr, Elkader, IA 52043 | Director (from May 2024) | 1 | $0 |
| Jessica Pensel 106 Rainbow Dr, Elkader, IA 52043 | Executive Director | 1 | $0 |
990-PF for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allan Nelson 106 Rainbow Dr, Elkader, IA 52043 | Chair | 1 | $0 |
| Robert Hankey 106 Rainbow Dr, Elkader, IA 52043 | Vice-Chair (Through April 2023) | 1 | $0 |
| Courtney Vorwald 106 Rainbow Dr, Elkader, IA 52043 | Vice-Chair | 1 | $0 |
| Steve Bunn 106 Rainbow Dr, Elkader, IA 52043 | Director | 1 | $0 |
| Jade Beck 106 Rainbow Dr, Elkader, IA 52043 | Director | 1 | $0 |
| Jessica Pensel 106 Rainbow Dr, Elkader, IA 52043 | Executive Director | 1 | $0 |
| Ann Gibney 106 Rainbow Dr, Elkader, IA 52043 | Director (From March 2023) | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 106 RAINBOW DR, ELKADER, IA 52043-9075
- In care of
- % ALLAN NELSON
- Signed the 990-PF
- Jessica Pensel, Executive Director
- Phone
- (563) 245-1868
- Return prepared by
- Eide Bailly LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 42-1233462
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $139,376
- Income (IRS master file)
- $89,572
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $89,572 | $68,004 | $139,376 | XML |
| 990-PF | June 2024 | $74,000 | $59,748 | $146,143 | XML |
| 990-PF | June 2023 | $71,731 | $62,008 | $137,995 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | 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 42-1233462).
Questions about RISE LTD DEVELOPMENT CORPORATION
- What is the EIN of RISE LTD DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of RISE LTD DEVELOPMENT CORPORATION is 42-1233462.
- Is RISE LTD DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to RISE LTD DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RISE LTD DEVELOPMENT CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RISE LTD DEVELOPMENT CORPORATION 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 RISE LTD DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of RISE LTD DEVELOPMENT CORPORATION?
- The 990-PF for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does RISE LTD DEVELOPMENT CORPORATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $89,572, expenses of $68,004 and total assets of $139,376 at year end.
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