Nonprofit · EIN 42-1255277
CARROLL AREA DEVELOPMENT CORPORATION
Tax-exempt · CARROLL, IA 51401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $313,589 | $330,149 | -$16,560 | $279,225 | $2,822 | $276,403 |
| December 31, 2024 | 990 | $439,955 | $372,426 | $67,529 | $292,154 | $3,524 | $288,630 |
| December 31, 2023 | 990 | $383,103 | $358,539 | $24,564 | $256,333 | $35,232 | $221,101 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $284,910
- Membership dues
- $27,800
- Program service revenue
- $26,639
- Investment income
- $2,040
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,258
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $182,249
- Salaries, compensation and benefits (total)
- $182,249
- Professional fundraising fees
- $0
- Accounting fees
- $3,045
- Occupancy
- $35,499
- Depreciation
- $7,128
- Program services (functional)
- $62,779
- Management and general (functional)
- $85,121
Balance sheet and other
- Total assets, start of year
- $292,154
- Total assets, end of year
- $279,225
- Total liabilities, end of year
- $2,822
- Net assets, end of year
- $276,403
- Land, buildings and equipment
- $82,527
- Net assets without donor restrictions
- $276,403
- Gross receipts
- $313,589
- Employees
- 0
- Year formed
- 1985
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM AUEN | Secretary Trustee or director, Officer | 1 | $0 |
| MIKE FRANEY | President Trustee or director, Officer | 1 | $0 |
| ADAM SCHWEERS | Vice President Trustee or director, Officer | 1 | $0 |
| JIM FRIEL | Treasurer Trustee or director, Officer | 1 | $0 |
| KATIE MASON | RURAL REPRESENT Trustee or director | 1 | $0 |
| GENE MEINERS | SUPERVISOR Trustee or director | 1 | $0 |
| AARON KOOIKER | CITY REPRESENTA Trustee or director | 1 | $0 |
| ALLEN ANDERSON | Director Trustee or director | 1 | $0 |
| KEN BEHRENS | Director Trustee or director | 1 | $0 |
| CASEY BERLAU | Director Trustee or director | 1 | $0 |
| LAVERN DIRKX | Director Trustee or director | 1 | $0 |
| SEAN HULUSKA | Director Trustee or director | 1 | $0 |
| SETH JOHNSON | Director Trustee or director | 1 | $0 |
| JOHN STEFFES | Director Trustee or director | 1 | $0 |
| RYAN MILLIGAN | Director Trustee or director | 1 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK HUNSAKER | Director Trustee or director | 1 | $0 |
| Dr STEVE KRAUS | Director Trustee or director | 1 | $0 |
| GAYLIN RANNINGER | Director Trustee or director | 1 | $0 |
| WES NORDQUIST | Director Trustee or director | 1 | $0 |
| JEN WOLLESEN | Director Trustee or director | 1 | $0 |
| TOM FARNER | Director Trustee or director | 1 | $0 |
| HOWIE DREES | Director Trustee or director | 1 | $0 |
| JOHN FELD | Director Trustee or director | 1 | $0 |
| STEVE FISHER | Director Trustee or director | 1 | $0 |
| TIM GUTE | Director Trustee or director | 1 | $0 |
| JERRY FLESHNER | Director Trustee or director | 1 | $0 |
| DAWN MEYER | Director Trustee or director | 1 | $0 |
| JEFF ROILAND | Director Trustee or director | 1 | $0 |
| CODY FORCH | Director Trustee or director | 1 | $0 |
| KIM TIEFENHALER | Director Trustee or director | 1 | $0 |
| AUSTIN SCOTT | Director Trustee or director | 1 | $0 |
| KIM HACKETT | Director Trustee or director | 1 | $0 |
| SCOTT JOHNSON | Director Trustee or director | 1 | $0 |
| AARON JUERGENS | Director Trustee or director | 1 | $0 |
| TODD KANNE | Director Trustee or director | 1 | $0 |
| JAIR MAYHALL | Director Trustee or director | 1 | $0 |
| BROOKE PETERSON | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 37 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM AUEN | Secretary Trustee or director, Officer | 1 | $0 |
| STEVE FISHER | Director Trustee or director | 1 | $0 |
| KEN BEHRENS | Director Trustee or director | 1 | $0 |
| MIKE FRANEY | President Trustee or director, Officer | 1 | $0 |
| JERRY FLESHNER | Director Trustee or director | 1 | $0 |
| TOM FARNER | Director Trustee or director | 1 | $0 |
| CODY FORCH | Director Trustee or director | 1 | $0 |
| TODD KANNE | Director Trustee or director | 1 | $0 |
| JAIR MAYHALL | Director Trustee or director | 1 | $0 |
| BROOKE PETERSON | Director Trustee or director | 1 | $0 |
| KIM HACKETT | Director Trustee or director | 1 | $0 |
| SEAN HULUSKA | Director Trustee or director | 1 | $0 |
| SETH JOHNSON | Director Trustee or director | 1 | $0 |
| JOHN STEFFES | Director Trustee or director | 1 | $0 |
| RYAN MILLIGAN | Director Trustee or director | 1 | $0 |
| RICK HUNSAKER | Director Trustee or director | 1 | $0 |
| Dr STEVE KRAUS | Director Trustee or director | 1 | $0 |
| CASEY BERLAU | Director Trustee or director | 1 | $0 |
| GAYLIN RANNINGER | Director Trustee or director | 1 | $0 |
| WES NORDQUIST | Director Trustee or director | 1 | $0 |
| JEN WOLLESEN | Director Trustee or director | 1 | $0 |
| HOWIE DREES | Director Trustee or director | 1 | $0 |
| KATIE MASON | RURAL REPRESENT Trustee or director | 1 | $0 |
| JIM FRIEL | Treasurer Trustee or director, Officer | 1 | $0 |
| TIM GUTE | Director Trustee or director | 1 | $0 |
| LAVERN DIRKX | Director Trustee or director | 1 | $0 |
| DAWN MEYER | Director Trustee or director | 1 | $0 |
| JEFF ROILAND | Director Trustee or director | 1 | $0 |
| KIM TIEFENHALER | Director Trustee or director | 1 | $0 |
| ALLEN ANDERSON | Director Trustee or director | 1 | $0 |
| AARON KOOIKER | CITY OF CARROLL Trustee or director | 1 | $0 |
| ADAM SCHWEERS | Vice President Trustee or director, Officer | 1 | $0 |
| AUSTIN SCOTT | Director Trustee or director | 1 | $0 |
| JOHN FELD | Director Trustee or director | 1 | $0 |
| GENE MEINERS | CARROLL CO SUPE Trustee or director | 1 | $0 |
| SCOTT JOHNSON | Director Trustee or director | 1 | $0 |
| AARON JUERGENS | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 42 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM AUEN | Past President Trustee or director | 1 | $0 |
| NICK BADDING | Director Trustee or director | 0 | $0 |
| KEN BEHRENS | Director Trustee or director | 1 | $0 |
| MIKE FRANEY | President Trustee or director, Officer | 1 | $0 |
| BARRY BRUNER | Director Trustee or director | 0 | $0 |
| TOM FARNER | Director Trustee or director | 0 | $0 |
| CODY FORCH | Director Trustee or director | 0 | $0 |
| TODD KANNE | Director Trustee or director | 0 | $0 |
| JAIR MAYHALL | Director Trustee or director | 0 | $0 |
| BROOKE PETERSON | Director Trustee or director | 0 | $0 |
| Nate Lueth | Chamber Represe Trustee or director | 0 | $0 |
| BRYAN MOORE | Director Trustee or director | 0 | $0 |
| SEAN HALUSKA | Director Trustee or director | 0 | $0 |
| JOHN STEFFES | Director Trustee or director | 0 | $0 |
| JIM GOSSETT | Director Trustee or director | 0 | $0 |
| RICK HUNSAKER | Director Trustee or director | 0 | $0 |
| Dr STEVE KRAUS | Director Trustee or director | 0 | $0 |
| CASEY BERLAU | Director Trustee or director | 0 | $0 |
| GAYLIN RANNINGER | Director Trustee or director | 0 | $0 |
| CRAIG MERTZ | Director Trustee or director | 0 | $0 |
| MYRON DANZER | Director Trustee or director | 0 | $0 |
| DOUG BURNS | Director Trustee or director | 0 | $0 |
| HOWIE DREES | Vice President Trustee or director | 1 | $0 |
| KATIE MASON | Director Trustee or director | 0 | $0 |
| JIM FRIEL | Director Trustee or director | 0 | $0 |
| JOEL LUNDSTROM | Director Trustee or director | 0 | $0 |
| TIM GUTE | Director Trustee or director | 0 | $0 |
| DEAN ONKEN | Director Trustee or director | 0 | $0 |
| LAVERN DIRKX | CITY OF CARROLL Trustee or director | 0 | $0 |
| DAWN MEYER | RURAL REPRESENT Trustee or director | 0 | $0 |
| JEFF ROILAND | Director Trustee or director | 0 | $0 |
| ED SMITH | Director Trustee or director | 0 | $0 |
| KIM TIEFENHALER | Secretary/Treas Trustee or director, Officer | 1 | $0 |
| ALLEN ANDERSON | Director Trustee or director | 0 | $0 |
| AARON KOOIKER | CITY OF CARROLL Trustee or director | 0 | $0 |
| ADAM SCHWEERS | EXEC PRES APPOI Trustee or director, Officer | 0 | $0 |
| AUSTIN SCOTT | Director Trustee or director | 0 | $0 |
| JOHN FELD | Director Trustee or director | 0 | $0 |
| MARK BEARDMORE | MAYOR Trustee or director | 0 | $0 |
| GENE MEINERS | CARROLL CO SUPE Trustee or director | 0 | $0 |
| SCOTT JOHNSON | CARROLL CO SUPE Trustee or director | 0 | $0 |
| AARON JUERGENS | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 307, CARROLL, IA 51401-0307
- Principal officer (990 for 2025)
- ADAM SCHWEERS, P O Box 307, Carroll, IA 51401
- Signed the 990
- ADAM SCHWEERS, Executive Director
- Phone
- (712) 792-4383
- Website
- WWW.CARROLLAREADEV.COM
- Return prepared by
- Feldmann & Company CPAs PC
Mission
PROVIDES ECONOMIC DEVELOPMENT RESOURCES AND EXPERTISE TO BUSINESSES AND COMMUNITIES THROUGHOUT CARROLL COUNTY TO ENHANCE GROWTH, WHILE STRENGTHENING THE COMMUNITIES AND BUILDING A GREATER QUALITY OF PLACE
Program accomplishments
- HUB 712 OFFERS COWORKING AND MEETING SPACES ALONG WITH BUSINESS SUPPORT AND INNOVATION SERVICES,AND TEAM BUILDING ACTIVITIES TO NEW AND OLD BUSINESSES TO HELP THEM LAUNCH, GROW AND REMAIN COMPETITIVE.Expenses $48,393 · revenue $26,639
- PROMOTIONAL MATERIALS USED TO FOSTER INTEREST IN THE AREA FOR BUSINESS DEVELOPMENT. THIS INCLUDES LITERATURE GIVEN OUT AS INFORMATION ON THE AREA, AS WELL AS AWARDS TO RECOGNIZE EXISTING BUSINESSES AND LEADERS IN THE AREA.Expenses $30,867 · revenue $271,394
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 | 990 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
- 42-1255277
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S303)
- Assets (IRS master file)
- $279,225
- Income (IRS master file)
- $313,589
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $313,589 | $330,149 | $279,225 | XML |
| 990 | December 2024 | $439,955 | $372,426 | $292,154 | XML |
| 990 | December 2023 | $383,103 | $358,539 | $256,333 | XML |
| 990 | December 2022 | $288,065 | $299,654 | $207,054 | 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 42-1255277).
Questions about CARROLL AREA DEVELOPMENT CORPORATION
- What is the EIN of CARROLL AREA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CARROLL AREA DEVELOPMENT CORPORATION is 42-1255277.
- Is CARROLL AREA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to CARROLL AREA DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CARROLL AREA DEVELOPMENT CORPORATION 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 CARROLL AREA DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARROLL AREA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CARROLL AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names ADAM SCHWEERS.
- Who are the officers and directors of CARROLL AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 37 people; 0 received compensation from the organization.
- How much revenue does CARROLL AREA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $313,589, expenses of $330,149 and total assets of $279,225 at year end.
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