Nonprofit · EIN 47-2170508
KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · KNOXVILLE, IA 50138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $304,130 | $2,736 | $301,394 | $1,365,874 | $0 | $1,365,874 |
| December 31, 2024 | 990 | $218,378 | $44,999 | $173,379 | $1,064,480 | $0 | $1,064,480 |
| December 31, 2023 | 990 | -$298,692 | $2,623 | -$301,315 | $891,101 | $0 | $891,101 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $75,000
- of which government grants
- $75,000
- Program service revenue
- $0
- Investment income
- $32,180
- Net income from sales of inventory
- $196,950
- Other revenue
- $196,950
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,570
- Accounting fees
- $910
- Management and general (functional)
- $2,736
Balance sheet and other
- Total assets, start of year
- $1,064,480
- Total assets, end of year
- $1,365,874
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,365,874
- Gross receipts
- $336,560
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2015
- 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 |
|---|---|---|---|
| BRETT HAMLIN | PRESIDENT/TR Trustee or director, Officer | 2 | $0 |
| HEATHER USSERY | V.P./SECRETA Trustee or director, Officer | 1 | $0 |
| PAT WEILER | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN KINCAID | DIRECTOR Trustee or director | 1 | $0 |
| MEL SUHR | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN BAILEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DYLAN MORSE | PRESIDENT/TR Trustee or director, Officer | 5 | $0 |
| HEATHER USSERY | V.P./SECRETA Trustee or director, Officer | 5 | $0 |
| PAT WEILER | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN KINCAID | DIRECTOR Trustee or director | 1 | $0 |
| MEL SUHR | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN BAILEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DYLAN MORSE | PRESIDENT/TR Trustee or director, Officer | 3 | $0 |
| HEATHER USSERY | V.P./SECRETA Trustee or director, Officer | 2 | $0 |
| PAT WEILER | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN KINCAID | DIRECTOR Trustee or director | 1 | $0 |
| MEL SUHR | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN BAILEY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 305 S 3RD ST, KNOXVILLE, IA 50138-2255
- Principal officer (990 for 2025)
- BRETT HAMLIN, 800 MAIN ST, PELLA, IA 50219
- Signed the 990
- BRETT HAMLIN, PRESIDENT/TREASURER
- Phone
- (641) 628-2191
- Return prepared by
- CROGHAN RUSSELL CPA PC
Mission
THE ORGANIZATION'S MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF KNOXVILLE, IOWA AND SURROUNDING AREA.
Program accomplishments
- THE ORGANIZATION WORKED WITH DEVELOPERS AND BUILDERS TO CONSTRUCT SPEC HOUSES IN KNOXVILLE, IA. THESE PROJECTS ARE MEANT TO SPARK THE MOVEMENT OF FAMILIES INTO THE AREA BY HAVING HOUSING AVAILABLE FOR SALE WHEN FAMILIES ARE CONSIDERING A MOVE. THEY ARE ALSO MEANT TO ADDRESS A SIGNIFICANT SHORTAGE OF HOUSING OPTIONS IDENTIFIED BY MAJOR EMPLOYERS IN THE AREA AND TO CREATE THE DEMAND FOR A NEW HOUSING DEVELOPMENT IN KNOXVILLE. THE HOUSES HAVE BEEN SOLD AND SIMILAR PROJECTS HAVE BEEN STARTED WITH THE SALE PROCEEDS.
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
- 47-2170508
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,365,874
- Income (IRS master file)
- $336,560
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $304,130 | $2,736 | $1,365,874 | IRS |
| 990 | December 2024 | $218,378 | $44,999 | $1,064,480 | XML |
| 990 | December 2023 | -$298,692 | $2,623 | $891,101 | XML |
| 990 | December 2022 | $161,338 | $830 | $1,192,416 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 47-2170508).
Questions about KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION is 47-2170508.
- Is KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2015.
- Are donations to KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KNOXVILLE 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 KNOXVILLE ECONOMIC 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 KNOXVILLE ECONOMIC 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 KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names BRETT HAMLIN.
- Who are the officers and directors of KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does KNOXVILLE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $304,130, expenses of $2,736 and total assets of $1,365,874 at year end.
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- BIRTHRIGHT OF KNOXVILLE EIN 42-1356372 · last filed 990-N for 2025
- THRIVE KNOXVILLE EIN 82-3306140 · last filed 990-N for 2025
- KNOXVILLE AREA COMMUNITY HOSPITAL FOUNDATION EIN 90-0126510 · last filed 990 for 2025
- WEILER FOUNDATION EIN 26-3865871 · last filed 990-PF for 2025
- NATIONAL SPRINT CAR HALL OF FAME & MUSEUM FOUNDATION INC EIN 42-1276468 · last filed 990 for 2025
- STEPPING STONES EARLY LEARNING CENTER INC EIN 71-0929147 · last filed 990 for 2025
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