Nonprofit · EIN 46-0986435
HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · WATERLOO, IA 50703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $272,668 | $151,232 | $121,436 | $2,068,631 | $1,882,638 | $185,993 |
| December 31, 2023 | 990 | $88,774 | $59,542 | $29,232 | $306,517 | $243,979 | $62,538 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,250
- Program service revenue
- $0
- Investment income
- $196,355
- Net rental income
- $26,569
- Net gain from sales of assets
- $182,962
- Net income from fundraising events
- $213
- Net income from sales of inventory
- $37,281
- Other revenue
- $64,063
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $42,000
- Salaries, compensation and benefits (total)
- $45,041
- Professional fundraising fees
- $0
- Legal fees
- $2,397
- Accounting fees
- $3,000
- Occupancy
- $6,000
- Program services (functional)
- $151,232
Balance sheet and other
- Total assets, start of year
- $306,517
- Total assets, end of year
- $2,068,631
- Total liabilities, end of year
- $1,882,638
- Net assets, end of year
- $185,993
- Land, buildings and equipment
- $1,308,012
- Net assets without donor restrictions
- $185,993
- Gross receipts
- $1,858,057
- Employees
- 1
- Year formed
- 2012
- 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 |
|---|---|---|---|
| JAMES B O'REGAN | Manager Trustee or director | 0 | $0 |
| MARK BARLOON | Director Trustee or director | 0 | $0 |
| TONY YOUNG | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES B O'REGAN | Manager Trustee or director | – | $0 |
| MARK BARLOON | Director Trustee or director | – | $0 |
| TONY YOUNG | Director Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 607 SYCAMORE ST STE 820, WATERLOO, IA 50703-4799
- In care of
- % JAMES B OREGAN
- Mailing address (990-N for 2019)
- 501 Sycamore ST STE 636, Waterloo IA 50703
- Principal officer (990 for 2024)
- James B ORegan, 607 Sycamore Street Ste 820, Waterloo, IA 50703
- Principal officer (990-N for 2019)
- Jim ORegan, 501 Sycamore ST STE 636, Waterloo IA 50703
- Signed the 990
- JAMES B O'REGAN, Manager
- Phone
- (319) 440-0431
Mission
To help businesses grow and succeed
Program accomplishments
- Help small business expand & grow. Helped supported business recover from a building fire to continue operations.
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
- 46-0986435
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,068,631
- Income (IRS master file)
- $1,858,057
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $272,668 | $151,232 | $2,068,631 | XML |
| 990 | December 2023 | $88,774 | $59,542 | $306,517 | XML |
| 990 | December 2022 | $84,922 | $48,272 | $144,227 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Jim ORegan | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Jim ORegan | December 31, 2018 | ≤ $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 46-0986435).
Questions about HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION is 46-0986435.
- Is HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEARTLAND STATE 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 HEARTLAND STATE 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 HEARTLAND STATE 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 is the principal officer of HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names James B ORegan.
- Who are the officers and directors of HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does HEARTLAND STATE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $272,668, expenses of $151,232 and total assets of $2,068,631 at year end.
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