Nonprofit · EIN 42-1387014
NEVADA ECONOMIC DEVELOPMENT COUNCIL INC
Tax-exempt · NEVADA, IA 50201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $215,153 | $237,461 | -$22,308 | $1,196,322 | $25,500 | $1,170,822 |
| June 30, 2024 | 990 | $133,130 | $174,006 | -$40,876 | $1,240,130 | $47,000 | $1,193,130 |
| June 30, 2023 | 990 | $237,989 | $159,052 | $78,937 | $1,234,006 | $0 | $1,234,006 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $187,509
- Program service revenue
- $0
- Investment income
- $27,644
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $19,410
- Accounting fees
- $3,325
- Travel
- $11,000
- Program services (functional)
- $237,461
Balance sheet and other
- Total assets, start of year
- $1,240,130
- Total assets, end of year
- $1,196,322
- Total liabilities, end of year
- $25,500
- Net assets, end of year
- $1,170,822
- Land, buildings and equipment
- $395,201
- Net assets without donor restrictions
- $1,170,822
- Gross receipts
- $215,153
- Employees
- 0
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON AUGUSTUS | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON AUGUSTUS | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON AUGUSTUS | TREASURER Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1110 6TH ST, NEVADA, IA 50201-1828
- In care of
- % ALLEN L KOCKLER
- Principal officer (990 for 2024)
- JON AUGUSTUS, 1110 6TH STREET, NEVADA, IA 50201
- Signed the 990
- JON AUGUSTUS, TREASURER
- Phone
- (515) 382-6538
- Return prepared by
- ALLEN L KOCKLER CO
Mission
THE NEDC HAS DEVELOPED 3 BUSINESS/INDUSTRIAL PARKS WHICH PROVIDE MORE THAN 1.8 MILLION IN PROPERTY TAXES TO THE CITY AND ALSO HAS PROVIDED AND RETAINED OVER 1,000 NEW JOBS IN THE NEVADA REGION.
Program accomplishments
- PROPERTY TAXES, REPAIRS/MAINTENANCE, ENGINEERING/SURVEYING, INSURANCE & MARKETING ON THE EAST AND WEST INDUSTRIAL/DEVELOPMENT BUSINESS PARKS
- PROPERTY TAXES, REPAIRS/MAINTENANCE, ENGINEERING/SURVEYING, INSURANCE & MARKETING ON THE EAST AND WEST INDUSTRIAL/DEVELOPMENT BUSINESS PARKS
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 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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1387014
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $1,196,322
- Income (IRS master file)
- $215,153
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $215,153 | $237,461 | $1,196,322 | XML |
| 990 | June 2024 | $133,130 | $174,006 | $1,240,130 | XML |
| 990 | June 2023 | $237,989 | $159,052 | $1,234,006 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | 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 42-1387014).
Questions about NEVADA ECONOMIC DEVELOPMENT COUNCIL INC
- What is the EIN of NEVADA ECONOMIC DEVELOPMENT COUNCIL INC?
- The employer identification number (EIN) of NEVADA ECONOMIC DEVELOPMENT COUNCIL INC is 42-1387014.
- Is NEVADA ECONOMIC DEVELOPMENT COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
- Are donations to NEVADA ECONOMIC DEVELOPMENT COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEVADA ECONOMIC DEVELOPMENT COUNCIL 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 NEVADA ECONOMIC DEVELOPMENT COUNCIL INC 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 NEVADA ECONOMIC DEVELOPMENT COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEVADA ECONOMIC DEVELOPMENT COUNCIL INC?
- The 990 for the year ended June 30, 2025 names JON AUGUSTUS.
- Who are the officers and directors of NEVADA ECONOMIC DEVELOPMENT COUNCIL INC?
- The 990 for the year ended June 30, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does NEVADA ECONOMIC DEVELOPMENT COUNCIL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $215,153, expenses of $237,461 and total assets of $1,196,322 at year end.
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