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Nonprofit · EIN 42-1314834

THE BAXTER ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · BAXTER, IA 50028

Financials

$15K$48K2023$66K$78K2024
Revenue Expenses · by fiscal year end
Financials of THE BAXTER ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$66,229$78,257-$12,028$804,420$378,965$425,455
December 31, 2023990$15,237$48,363-$33,126$870,984$433,501$437,483
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$23,781
of which government grants
$23,554
Program service revenue
$0
Investment income
$34,640
Net rental income
$7,808
Net gain from sales of assets
$32,911
Other revenue
$7,808

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
Occupancy
$6,815
Program services (functional)
$74,770
Management and general (functional)
$3,487

Balance sheet and other

Total assets, start of year
$870,984
Total assets, end of year
$804,420
Total liabilities, end of year
$378,965
Net assets, end of year
$425,455
Net assets without donor restrictions
$425,455
Gross receipts
$127,810
Employees
0
Volunteers
8
Year formed
1988
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.

NameTitleHours / weekCompensation
KATIE PETERMEIERDirector
Trustee or director
1$0
MIKE MANSHIPSecretary
Officer
1$0
JON NORTHRUPPresident
Officer
2$0
TRAVIS HENDERSONTreasurer
Officer
1$0
RYAN FREDREGILLVice President
Officer
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
MIKE MANSHIPDirector
Trustee or director
1$0
JON NORTHRUPDirector
Trustee or director
1$0
TRAVIS HENDERSONDirector
Trustee or director
1$0
RYAN FREDREGILLDirector
Trustee or director
1$0
STEPHEN VAN BEEKVice President
Officer
5$0
AMANDA MOORMANSecretary
Officer
5$0
KATIE WILSONTreasurer
Officer
5$0
KATIE PETERMEIERPresident
Officer
5$0

Address and contacts

Address (IRS master file)
PO BOX 452, BAXTER, IA 50028-0452
In care of
% SUSAN NATION
Signed the 990
JON NORTHRUP, President
Phone
(641) 521-4934
Return prepared by
TARBELL & CO PLC

Mission

TO PROMOTE RESIDENTIAL AND COMMERCIAL GROWTH AND BUSINESS IN BAXTER, IOWA

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROMOTE BAXTER COMMUNITY ECONOMIC AND BUSINESS GROWTH AND INITIATIVES
    Expenses $38,450
  • MORTGAGE INCENTIVE FORGIVENESS TO PROMOTE LOCAL RESIDENTIAL SALES
    Expenses $36,320

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1314834
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$804,420
Income (IRS master file)
$127,810

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$66,229$78,257$804,420XML
990December 2023$15,237$48,363$870,984XML
990December 2022$23,189$44,471$963,180IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 42-1314834).

Questions about THE BAXTER ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of THE BAXTER ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of THE BAXTER ECONOMIC DEVELOPMENT CORPORATION is 42-1314834.
Is THE BAXTER ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to THE BAXTER ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE BAXTER ECONOMIC 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 THE BAXTER ECONOMIC DEVELOPMENT CORPORATION 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 THE BAXTER ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of THE BAXTER ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does THE BAXTER ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $66,229, expenses of $78,257 and total assets of $804,420 at year end.

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