Nonprofit · EIN 42-1484176
IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION
Tax-exempt · SPENCER, IA 51301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $884,144 | $726,514 | $157,630 | $3,075,227 | $1,513,277 | $1,561,950 |
| December 31, 2024 | 990 | $637,668 | $658,389 | -$20,721 | $3,053,188 | $1,648,868 | $1,404,320 |
| December 31, 2023 | 990 | $425,923 | $545,516 | -$119,593 | $1,436,042 | $11,001 | $1,425,041 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $854,316
- Program service revenue
- $0
- Investment income
- $24,096
- Net income from fundraising events
- $5,732
- Other revenue
- $5,732
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $420,959
- Salaries, compensation and benefits (total)
- $498,669
- Professional fundraising fees
- $0
- Legal fees
- $5,005
- Accounting fees
- $25,611
- Occupancy
- $39,378
- Travel
- $10,980
- Depreciation
- $2,731
- Program services (functional)
- $550,484
- Management and general (functional)
- $174,752
- Fundraising (functional)
- $1,278
Balance sheet and other
- Total assets, start of year
- $3,053,188
- Total assets, end of year
- $3,075,227
- Total liabilities, end of year
- $1,513,277
- Net assets, end of year
- $1,561,950
- Land, buildings and equipment
- $697
- Publicly traded securities
- $32,016
- Net assets without donor restrictions
- $973,520
- Net assets with donor restrictions
- $588,430
- Gross receipts
- $891,912
- Employees
- 5
- Volunteers
- 40
- Year formed
- 1992
- 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 |
|---|---|---|---|
| CURT STROUTH | EXECUTIVE DI Officer | 40 | $165,000 |
| MATT BEAVER | BOARD MEMBER Trustee or director | 0.34 | $0 |
| BRAD BECK | BOARD MEMBER Trustee or director | 0.34 | $0 |
| KATHERINE COTA | BOARD MEMBER Trustee or director | 0.34 | $0 |
| WALTER DEBOCK | BOARD MEMBER Trustee or director | 0.34 | $0 |
| TODD GLASNAPP | BOARD MEMBER Trustee or director | 0.34 | $0 |
| DREW HAGE | BOARD MEMBER Trustee or director | 0.34 | $0 |
| BRETT JOHNSON | BOARD MEMBER Trustee or director | 0.34 | $0 |
| MIKE KOENECKE | BOARD MEMBER Trustee or director | 0.34 | $0 |
| TOM NELSON | BOARD MEMBER Trustee or director | 0.34 | $0 |
| MICHELLE NICOSON | TREASURER Trustee or director, Officer | 0.34 | $0 |
| EBONY RAHE | VICE CHAIR Trustee or director, Officer | 0.34 | $0 |
| MATT RICKLEFS | BOARD MEMBER Trustee or director | 0.34 | $0 |
| BRENDA TIEFENTHALER | BOARD MEMBER Trustee or director | 0.34 | $0 |
| DOUG VLASMAN | BOARD MEMBER Trustee or director | 0.34 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHAN WITTMAACK | CHAIR Trustee or director, Officer | 0.34 | $0 |
| DONAVON WUNSCHEL | BOARD MEMBER Trustee or director | 0.34 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CURT STROUTH | EXECUTIVE DI Officer | 40 | $155,000 |
| MATT BEAVER | BOARD MEMBER Trustee or director | 0.34 | $0 |
| BRAD BECK | CHAIR-2023 Trustee or director, Officer | 0.34 | $0 |
| WALTER DEBOCK | BOARD MEMBER Trustee or director | 0.34 | $0 |
| KEITH DEITERING | BOARD MEMBER Trustee or director | 0.34 | $0 |
| TIM FAIRCHILD | BOARD MEMBER Trustee or director | 0.34 | $0 |
| DREW HAGE | BOARD MEMBER Trustee or director | 0.34 | $0 |
| MIKE KOENECKE | BOARD MEMBER Trustee or director | 0.34 | $0 |
| BRIAN LENZMEIER | BOARD MEMBER Trustee or director | 0.34 | $0 |
| MICHELLE NICOSON | BOARD MEMBER Trustee or director | 0.34 | $0 |
| JOHN PLUTH | BOARD MEMBER Trustee or director | 0.34 | $0 |
| MIKE PORSCH | BOARD MEMBER Trustee or director | 0.34 | $0 |
| EBONY RAHE | BOARD MEMBER Trustee or director | 0.34 | $0 |
| BRENDA TIEFENTHALER | BOARD MEMBER Trustee or director | 0.34 | $0 |
| NATHAN WITTMAACK | BOARD MEMBER Trustee or director | 0.34 | $0 |
| DONAVON WUNSCHEL | BOARD MEMBER Trustee or director | 0.34 | $0 |
| JED SKOGERBOE | TREASURER Officer | 0.34 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CURT STROUTH | EXECUTIVE DI Officer | 40 | $56,510 |
| MATT BEAVER | BOARD MEMBER Trustee or director | 0.34 | $0 |
| BRAD BECK | CHAIR-2023 Trustee or director, Officer | 0.34 | $0 |
| DOUG BENJAMIN | CHAIR-2022 Trustee or director, Officer | 0.34 | $0 |
| SCOTT BERGLUND | BOARD MEMBER Trustee or director | 0.34 | $0 |
| WALTER DEBOCK | BOARD MEMBER Trustee or director | 0.34 | $0 |
| KEITH DEITERING | BOARD MEMBER Trustee or director | 0.34 | $0 |
| TIM FAIRCHILD | BOARD MEMBER Trustee or director | 0.34 | $0 |
| MIKE KOENECKE | BOARD MEMBER Trustee or director | 0.34 | $0 |
| BRIAN LENZMEIER | VICE CHAIR Trustee or director, Officer | 0.34 | $0 |
| MICHELLE NICOSON | BOARD MEMBER Trustee or director | 0.34 | $0 |
| JOHN PLUTH | BOARD MEMBER Trustee or director | 0.34 | $0 |
| MIKE PORSCH | BOARD MEMBER Trustee or director | 0.34 | $0 |
| EBONY RAHE | BOARD MEMBER Trustee or director | 0.34 | $0 |
| JED SKOGERBOE | TREASURER Trustee or director | 0.34 | $0 |
| NATHAN WITTMAACK | BOARD MEMBER Trustee or director | 0.34 | $0 |
| DONAVON WUNSCHEL | BOARD MEMBER Trustee or director | 0.34 | $0 |
Address and contacts
- Address (IRS master file)
- 520 2ND AVE E STE 2, SPENCER, IA 51301-5033
- Principal officer (990 for 2025)
- NATHAN WITTMAACK, 701 US-71, SIOUX RAPIDS, IA 50585
- Signed the 990
- CURT STROUTH, EXECUTIVE DIRECTOR
- Phone
- (712) 264-3474
- Return prepared by
- WILLIAMS & COMPANY CPA PC
Mission
TO FOSTER, ENCOURAGE, AID OR OTHERWISE ASSIST IN THE ECONOMIC GROWTH AND DEVELOPMENT OF THE FOUR-COUNTY REGION OF BUENA VISTA, CLAY, DICKINSON AND EMMET COUNTIES IN IOWA.
Program accomplishments
- WORKFORCE - ASSURING EMPLOYERS HAVE ACCESS TO AN ADEQUATE AND WELL-TRAINED WORKFORCE, WITH AN EMPHASIS ON WORKER ATTRACTION/RETENTION, WORKER TRAINING/NEW SKILLS, CAREER EDUCATION, AND ADEQUATE FUNDING.
- HOUSING/INFRASTRUCTURE - PROVIDING AN INFRASTRUCTURE CONDUCIVE TO BUSINESS DEVELOPMENT, WITH AN EMPHASIS ON HOUSING, TRANSPORTATION COMMUNICATIONS, AND VOLUNTEER/LEADER DEVELOPMENT.
- BUSINESS DEVELOPMENT - CREATE AN ENVIRONMENT FOR BUSINESS DEVELOPMENT AND JOB GROWTH BY EMPHASIZING EXISTING AND HIGH VALUE BUSINESS, COMMUNICATIONS, ISSUE ACTION, AND MARKETING.
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
- 42-1484176
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $3,075,227
- Income (IRS master file)
- $891,912
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $884,144 | $726,514 | $3,075,227 | XML |
| 990 | December 2024 | $637,668 | $658,389 | $3,053,188 | XML |
| 990 | December 2023 | $425,923 | $545,516 | $1,436,042 | XML |
| 990 | December 2022 | $508,613 | $723,711 | $1,589,988 | IRS |
| 990 | December 2021 | $291,496 | $315,123 | $2,729,329 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 42-1484176).
Questions about IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION
- What is the EIN of IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION is 42-1484176.
- Is IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA LAKES CORRIDOR 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 IOWA LAKES CORRIDOR 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 IOWA LAKES CORRIDOR 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 IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names NATHAN WITTMAACK.
- Who are the officers and directors of IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 1 received compensation from the organization, the highest $165,000 (CURT STROUTH, EXECUTIVE DI).
- How much revenue does IOWA LAKES CORRIDOR DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $884,144, expenses of $726,514 and total assets of $3,075,227 at year end.
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All nonprofits in SPENCER · Iowa · Community improvement and capacity building