Nonprofit · EIN 42-1447565
ENTREPRENEURIAL DEVELOPMENT CENTER INC
Also known as EASTERN IOWA ENTERPRISE COUNCIL
Tax-exempt · CEDAR RAPIDS, IA 52401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $990,261 | $1,008,971 | -$18,710 | $840,402 | $209,290 | $631,112 |
| December 31, 2023 | 990 | $854,202 | $904,621 | -$50,419 | $805,938 | $156,116 | $649,822 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $685,275
- of which government grants
- $280,250
- Program service revenue
- $280,843
- Investment income
- $24,143
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $310,000
- Other salaries and wages
- $447,048
- Salaries, compensation and benefits (total)
- $875,554
- Professional fundraising fees
- $0
- Accounting fees
- $7,209
- Occupancy
- $48,576
Balance sheet and other
- Total assets, start of year
- $805,938
- Total assets, end of year
- $840,402
- Total liabilities, end of year
- $209,290
- Net assets, end of year
- $631,112
- Publicly traded securities
- $159,477
- Net assets without donor restrictions
- $631,112
- Gross receipts
- $990,261
- Employees
- 6
- Volunteers
- 24
- Year formed
- 1995
- 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 |
|---|---|---|---|
| CURTIS NELSON | PRESIDENT/CEO Officer | 40 | $310,000 |
| JON DUSEK | CHAIR Trustee or director, Officer | 0.2 | $0 |
| JIM HADDAD | PAST CHAIR/SEC/TREAS Trustee or director, Officer | 0.2 | $0 |
| WILLIAM MCCARTAN | DIRECTOR Trustee or director | 0.2 | $0 |
| NANCY LINK | DIRECTOR Trustee or director | 0.2 | $0 |
| CHARLES ROHDE | DIRECTOR Trustee or director | 0.2 | $0 |
| KIM KING | DIRECTOR Trustee or director | 0.2 | $0 |
| KRIS GULICK | DIRECTOR Trustee or director | 0.2 | $0 |
| DAVID HENSLEY | DIRECTOR Trustee or director | 0.2 | $0 |
| LARRY HELLING | DIRECTOR Trustee or director | 0.2 | $0 |
| BRUCE LEHRMAN | DIRECTOR Trustee or director | 0.2 | $0 |
| TERRY SULLIVAN | DIRECTOR Trustee or director | 0.2 | $0 |
| PAT DIEGNAN | DIRECTOR Trustee or director | 0.2 | $0 |
| AARON FRIEDERICH | DIRECTOR Trustee or director | 0.2 | $0 |
| JASMINE ALMOAYYED | DIRECTOR Trustee or director | 0.2 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HUNTER SKOGMAN | DIRECTOR Trustee or director | 0.2 | $0 |
| BRIAN BERGSTROM | DIRECTOR Trustee or director | 0.2 | $0 |
| CHAD PELLEY | DIRECTOR Trustee or director | 0.2 | $0 |
| TOM DEBOOM | DIRECTOR Trustee or director | 0.2 | $0 |
| STEVE SCHOENAUER | DIRECTOR Trustee or director | 0.2 | $0 |
| TIM KINTER | DIRECTOR Trustee or director | 0.2 | $0 |
| DENNIS JORDAN | DIRECTOR Trustee or director | 0.2 | $0 |
| JACK GONDER | DIRECTOR Trustee or director | 0.2 | $0 |
| RILEY EYNON-LYNCH | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CURTIS NELSON | PRESIDENT/CEO Officer | 40 | $310,000 |
| JON DUSEK | CHAIR Trustee or director, Officer | 0.2 | $0 |
| JIM HADDAD | PAST CHAIR/SEC/TREAS Trustee or director, Officer | 0.2 | $0 |
| WILLIAM MCCARTAN | DIRECTOR Trustee or director | 0.2 | $0 |
| NANCY LINK | DIRECTOR Trustee or director | 0.2 | $0 |
| CHARLES ROHDE | DIRECTOR Trustee or director | 0.2 | $0 |
| KIM KING | DIRECTOR Trustee or director | 0.2 | $0 |
| KRIS GULICK | DIRECTOR Trustee or director | 0.2 | $0 |
| DAVID HENSLEY | DIRECTOR Trustee or director | 0.2 | $0 |
| LARRY HELLING | DIRECTOR Trustee or director | 0.2 | $0 |
| BRUCE LEHRMAN | DIRECTOR Trustee or director | 0.2 | $0 |
| TERRY SULLIVAN | DIRECTOR Trustee or director | 0.2 | $0 |
| PAT DIEGNAN | DIRECTOR Trustee or director | 0.2 | $0 |
| AARON FRIEDERICH | DIRECTOR Trustee or director | 0.2 | $0 |
| JASMINE ALMOAYYED | DIRECTOR Trustee or director | 0.2 | $0 |
| HUNTER SKOGMAN | DIRECTOR Trustee or director | 0.2 | $0 |
| BRIAN BERGSTROM | DIRECTOR Trustee or director | 0.2 | $0 |
| CHAD PELLEY | DIRECTOR Trustee or director | 0.2 | $0 |
| TOM DEBOOM | DIRECTOR Trustee or director | 0.2 | $0 |
| STEVE SCHOENAUER | DIRECTOR Trustee or director | 0.2 | $0 |
| TIM KINTER | DIRECTOR Trustee or director | 0.2 | $0 |
| DENNIS JORDAN | DIRECTOR Trustee or director | 0.2 | $0 |
| JACK GONDER | DIRECTOR Trustee or director | 0.2 | $0 |
| RILEY EYNON-LYNCH | DIRECTOR Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 230 2ND ST SE STE 212, CEDAR RAPIDS, IA 52401-1426
- In care of
- % CURTIS NELSON
- Principal officer (990 for 2024)
- CURTIS NELSON, 230 SECOND ST SE SUITE 212 212, CEDAR RAPIDS, IA 52401
- Signed the 990
- CURTIS NELSON, PRESIDENT
- Phone
- (319) 369-4955
- Website
- WWW.EDCINC.ORG
- Return prepared by
- HONKAMP PC
Mission
TO PROVIDE ECONOMIC GROWTH THROUGH THE CREATION AND EXPANSION OF HIGH-IMPACT IOWA BUSINESSES.
Program accomplishments
- MENTORING SERVICES:BUSINESS PROFESSIONALS ARE ASSIGNED TO PROVIDE GENERAL "SHADOW BOARD" LEVEL SUPPORT.
- NETWORKING AND EDUCATIONAL SERVICES:EVENTS AND SERVICES ARE DESIGNED TO EXPAND ENTREPRENEURS PER RESOURCE POOLS AND ENTREPRENEURIAL KNOWLEDGE THROUGH MEETINGS, NEWSLETTERS, SEMINARS AND GUIDANCE.
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
- 42-1447565
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $840,402
- Income (IRS master file)
- $990,261
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $990,261 | $1,008,971 | $840,402 | IRS |
| 990 | December 2023 | $854,202 | $904,621 | $805,938 | XML |
| 990 | December 2022 | $991,681 | $851,108 | $895,558 | 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 42-1447565).
Questions about ENTREPRENEURIAL DEVELOPMENT CENTER INC
- What is the EIN of ENTREPRENEURIAL DEVELOPMENT CENTER INC?
- The employer identification number (EIN) of ENTREPRENEURIAL DEVELOPMENT CENTER INC is 42-1447565.
- Is ENTREPRENEURIAL DEVELOPMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2004.
- Are donations to ENTREPRENEURIAL DEVELOPMENT CENTER INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ENTREPRENEURIAL DEVELOPMENT CENTER 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 ENTREPRENEURIAL DEVELOPMENT CENTER 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 ENTREPRENEURIAL DEVELOPMENT CENTER 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 ENTREPRENEURIAL DEVELOPMENT CENTER INC?
- The 990 for the year ended December 31, 2024 names CURTIS NELSON.
- Who are the officers and directors of ENTREPRENEURIAL DEVELOPMENT CENTER INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 1 received compensation from the organization, the highest $310,000 (CURTIS NELSON, PRESIDENT/CEO).
- How much revenue does ENTREPRENEURIAL DEVELOPMENT CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $990,261, expenses of $1,008,971 and total assets of $840,402 at year end.
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