Nonprofit · EIN 42-1301658
MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC
Tax-exempt · GLENWOOD, IA 51534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $220,799 | $179,191 | $41,608 | $501,708 | $0 | $501,708 |
| December 31, 2023 | 990 | $305,606 | $265,177 | $40,429 | $460,100 | $0 | $460,100 |
| December 31, 2022 | 990 | $228,822 | $181,117 | $47,705 | $423,652 | $3,981 | $419,671 |
| December 31, 2021 | 990 | $289,349 | $244,368 | $44,981 | $384,356 | $12,390 | $371,966 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $220,000
- of which government grants
- $215,000
- Program service revenue
- $0
- Investment income
- $799
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $94,904
- Salaries, compensation and benefits (total)
- $108,457
- Professional fundraising fees
- $0
- Legal fees
- $1,950
- Accounting fees
- $3,406
- Occupancy
- $2,400
- Program services (functional)
- $47,335
- Management and general (functional)
- $131,856
Balance sheet and other
- Total assets, start of year
- $460,100
- Total assets, end of year
- $501,708
- Total liabilities, end of year
- $0
- Net assets, end of year
- $501,708
- Net assets without donor restrictions
- $501,708
- Gross receipts
- $220,799
- Employees
- 1
- Year formed
- 1955
- 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 |
|---|---|---|---|
| JON CARLO | DIRECTOR Trustee or director | – | $0 |
| ALAN DEBOLT | DIRECTOR Trustee or director | – | $0 |
| JODI EVANS | DIRECTOR Trustee or director | – | $0 |
| MARY FORD | DIRECTOR Trustee or director | – | $0 |
| JODI HILSABECK | VICE PRESIDE Trustee or director, Officer | – | $0 |
| AL HUGHES | DIRECTOR Trustee or director | – | $0 |
| NICOLE KOOIKER | DIRECTOR Trustee or director | – | $0 |
| KATTIE LEWIS | DIRECTOR Trustee or director | – | $0 |
| MARK LINCOLN | DIRECTOR Trustee or director | – | $0 |
| WILL LONGINAKER | DIRECTOR Trustee or director | – | $0 |
| JON LORSON | PRESIDENT Trustee or director, Officer | – | $0 |
| KATELYN MCGANN | DIRECTOR Trustee or director | – | $0 |
| MARK MOSSMAN | DIRECTOR Trustee or director | – | $0 |
| SANDI WINTON | SECRETARY Trustee or director, Officer | – | $0 |
| LARRY WINUM | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN DEBOLT | DIRECTOR Trustee or director | – | $0 |
| DEVIN EMBRAY | SECRETARY Trustee or director, Officer | – | $0 |
| JODI EVANS | DIRECTOR Trustee or director | – | $0 |
| MARY GUNDERSON | DIRECTOR Trustee or director | – | $0 |
| JODI HILSABECK | VICE PRESIDE Trustee or director, Officer | – | $0 |
| AL HUGHES | DIRECTOR Trustee or director | – | $0 |
| MARK LINCOLN | PRESIDENT Trustee or director, Officer | – | $0 |
| JON LORSON | DIRECTOR Trustee or director | – | $0 |
| KATELYN MCGANN | DIRECTOR Trustee or director | – | $0 |
| MARK STANLEY | DIRECTOR Trustee or director | – | $0 |
| SANDI WINTON | DIRECTOR Trustee or director | – | $0 |
| LARRY WINUM | TREASURER Trustee or director, Officer | – | $0 |
| MICHELLE ZANDERS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2022: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN DEBOLT | DIRECTOR Trustee or director | – | $0 |
| DEVIN EMBRAY | SECRETARY Trustee or director, Officer | – | $0 |
| JODI EVANS | DIRECTOR Trustee or director | – | $0 |
| MARY GUNDERSON | DIRECTOR Trustee or director | – | $0 |
| JODI HILSABECK | VICE PRESIDE Trustee or director, Officer | – | $0 |
| AL HUGHES | DIRECTOR Trustee or director | – | $0 |
| MARK LINCOLN | PRESIDENT Trustee or director, Officer | – | $0 |
| JON LORSON | DIRECTOR Trustee or director | – | $0 |
| KATELYN MCGANN | DIRECTOR Trustee or director | – | $0 |
| SANDI WINTON | DIRECTOR Trustee or director | – | $0 |
| LARRY WINUM | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2021: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN DEBOLT | DIRECTOR Trustee or director | – | $0 |
| DEVIN EMBRAY | SECRETARY Trustee or director, Officer | – | $0 |
| JODI EVANS | DIRECTOR Trustee or director | – | $0 |
| MARY GUNDERSON | DIRECTOR Trustee or director | – | $0 |
| JODI HILSABECK | VICE PRESIDE Trustee or director, Officer | – | $0 |
| AL HUGHES | DIRECTOR Trustee or director | – | $0 |
| MARK LINCOLN | PRESIDENT Trustee or director, Officer | – | $0 |
| KATELYN MCGANN | DIRECTOR Trustee or director | – | $0 |
| LARRY WINUM | TREASURER Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 403 RAILROAD AVE, GLENWOOD, IA 51534-1967
- In care of
- % LINDA WASHBURN
- Mailing address (990-N for 2016)
- 402 RAILROAD AVENUE, GLENWOOD IA 51534
- Principal officer (990 for 2024)
- JON LORSON, 104 MAIN STREET, RANDOLPH, IA 51649
- Principal officer (990-N for 2016)
- LARRY WINUM, 403 RAILROAD AVENUE, GLENWOOD IA 51534
- Signed the 990
- JON LORSON, PRESIDENT
- Phone
- (712) 302-7010
- Website
- WWW.MILLSCOUNTYIOWA.COM
- Return prepared by
- NEW ERA TAX & ACCOUNTING
Mission
THE MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION, INC. (MCEDF) WILL CONDUCT ITS ACTIVITIES TO PROMOTE THE PURPOSES FOR WHICH IT WAS ORGANIZED AS SET FORTH IN THE ARTICLES OF INCORPORATION. THE ORGANIZATION WILL BE UNDER THE GUIDANCE OF THE MILLS COUNTY BOARD OF SUPERVISORS (MCBOS). ADDITIONALLY, THE PURPOSE OF THE FOUNDATION IS TO EFFECTIVELY ADVANCE A FOCUSED ECONOMIC DEVELOPMENT GROWTH AGENDA TO ENHANCE, POSITION AND MARKET MILLS COUNTY AS A PREFERRED BUSINESS LOCATION. OUR GOAL IS TO ADVANCE THE INTEREST OF MILLS COUNTY AND IMPROVE BUSINESS CLIMATE AND ECONOMIC CONDITIONS. OUR AGENDA FOR GROWTH WILL LEAD TO THE RETENTION AND EXPANSION OF EXISTING FIRMS, THE ATTRACTION AND STARTUP OF HIGH VALUE FIRMS AND LONG TERM GROWTH AND VITALITY OF THE COUNTY. THIS WILL BE ACCOMPLISHED IN COLLABORATION AND COOPERATION WITH OUR PUBLIC AND PRIVATE PARTNERS WITHIN THE COUNTY, REGION, AND STATE. NO PART OF THE NET EARNINGS OF THE FOUNDATION SHALL INURE TO THE BENEFIT OF OR BE DISTRIBUTABLE TO ITS DI
Program accomplishments
- DEVELOP AND LAUNCH WEBSITE AND SOCIAL MEDIA PLATFORMS MARKETING MILLS COUNTYExpenses $824
- DEVELOP COMPREHENSIVE AND STRATEGIC PLANS, CONDUCT STUDIES TO PROVIDE DESIRED DATA TO PROSPECTSExpenses $41,175
- OBTAIN SITE OPTIONS AND COMPLETE DUE DILIGENCE TO WORK TOWARDS SHOVEL READY DEVELOPMENT SITES.Expenses $1,950
- CONTINUOUSLY BUILD EDUCATION AND RELATIONSHIPS WITH PROSPECTS, SITE SELECTORS, UTILITY PARTNERS AND OTHER PROFESSIONALS IN THE ECONOMIC DEVELOPMENT INDUSTRY.Expenses $3,386
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
- 42-1301658
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $501,708
- Income (IRS master file)
- $220,799
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $220,799 | $179,191 | $501,708 | XML |
| 990 | December 2023 | $305,606 | $265,177 | $460,100 | XML |
| 990 | December 2022 | $228,822 | $181,117 | $423,652 | XML |
| 990 | December 2021 | $289,349 | $244,368 | $384,356 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2016 Officer: LARRY WINUM | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 42-1301658).
Questions about MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC
- What is the EIN of MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC is 42-1301658.
- Is MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4).
- Which annual return does MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC 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 MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC 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 MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC 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 MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JON LORSON.
- Who are the officers and directors of MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does MILLS COUNTY ECONOMIC DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $220,799, expenses of $179,191 and total assets of $501,708 at year end.
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