Nonprofit · EIN 47-3978454
OSAGE ECONOMIC BETTERMENT
Tax-exempt · OSAGE, IA 50461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $183,876 | $97,603 | $86,273 | $2,177,062 | $434,631 | $1,742,431 |
| September 30, 2024 | 990 | $180,538 | $59,818 | $120,720 | $1,887,291 | $231,133 | $1,656,158 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $183,876
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,625
- Depreciation
- $18,604
- Program services (functional)
- $97,603
Balance sheet and other
- Total assets, start of year
- $1,887,291
- Total assets, end of year
- $2,177,062
- Total liabilities, end of year
- $434,631
- Net assets, end of year
- $1,742,431
- Land, buildings and equipment
- $2,059,736
- Gross receipts
- $183,876
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2014
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK TAETS | Director Trustee or director | 0.25 | $0 |
| KEVIN KOLBET | President Officer | 0.25 | $0 |
| LOU ANN MURPHY | Treasurer Officer | 0.25 | $0 |
990 for the year ended September 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK TAETS | Director Trustee or director | 0.25 | $0 |
| KEVIN KOLBET | President Officer | 0.25 | $0 |
| LOU ANN MURPHY | Treasurer Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 1429 MAIN ST, OSAGE, IA 50461-1822
- In care of
- % KEVIN KOLBET
- Principal officer (990 for 2024)
- KEVIN KOLBET, 1429 MAIN STREET, OSAGE, IA 50461
- Signed the 990
- KEVIN KOLBET, President
- Phone
- (641) 732-3337
- Return prepared by
- Murphy Coe & Smith PLLC
Mission
ECONOMIC DEVELOPMENT, TO CREATE JOBS BY SUPPLYING HELP TO NEW BUSINESS, AND TO SUPPORT EXISTING BUSINESS, THIS COULD INCLUDE PURCHASING SPACE TO RENT OUT TO EXISTING BUSINESS TO MAINTAIN JOBS IN THE AREA AND TO ALLOW SPACE FOR NEW BUSINESS TO START.
Program accomplishments
- PURCHASED BUILDING AND ESTABLISHED RENT TO FIRST TENANT.Expenses $97,603 · revenue $183,876
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 47-3978454
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,177,062
- Income (IRS master file)
- $183,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $183,876 | $97,603 | $2,177,062 | IRS |
| 990 | September 2024 | $180,538 | $59,818 | $1,887,291 | XML |
| 990 | September 2023 | $180,407 | $65,198 | $1,848,339 | IRS |
| 990 | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 47-3978454).
Questions about OSAGE ECONOMIC BETTERMENT
- What is the EIN of OSAGE ECONOMIC BETTERMENT?
- The employer identification number (EIN) of OSAGE ECONOMIC BETTERMENT is 47-3978454.
- Is OSAGE ECONOMIC BETTERMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2015.
- Are donations to OSAGE ECONOMIC BETTERMENT tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OSAGE ECONOMIC BETTERMENT 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 OSAGE ECONOMIC BETTERMENT due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OSAGE ECONOMIC BETTERMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of OSAGE ECONOMIC BETTERMENT?
- The 990 for the year ended September 30, 2025 names KEVIN KOLBET.
- Who are the officers and directors of OSAGE ECONOMIC BETTERMENT?
- The 990 for the year ended September 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does OSAGE ECONOMIC BETTERMENT have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $183,876, expenses of $97,603 and total assets of $2,177,062 at year end.
Other nonprofits in OSAGE
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- INTERNATIONAL ASSOCIATION OF LIONS CLUBS EIN 42-1274373 · last filed 990-N for 2024
- FAITH LUTHERAN HOME EIN 42-0896119 · last filed 990 for 2025
- CEDAR RIVER RECREATION & FINE ARTS EIN 20-8620108 · last filed 990 for 2025
- OSAGE COMMUNITY DAY CARE EIN 42-1479725 · last filed 990 for 2024
- IOWA WRESTLING FEDRATION EIN 42-1496494 · last filed 990 for 2025
- CEDAR VALLEY SEMINARY FOUNDATION INC EIN 47-4182913 · last filed 990 for 2025
- IOWA ASSOCIATION OF COUNTY CONSERVATION BOARDS EIN 42-1129519 · last filed 990 for 2025
All nonprofits in OSAGE · Iowa · Community improvement and capacity building