Nonprofit · EIN 75-3190471
NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · MASON CITY, IA 50401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $659,302 | $794,803 | -$135,501 | $2,260,473 | $118,155 | $2,142,318 |
| June 30, 2024 | 990 | $936,611 | $888,980 | $47,631 | $2,377,298 | $99,479 | $2,277,819 |
| June 30, 2023 | 990 | $507,544 | $489,776 | $17,768 | $2,035,032 | $79,844 | $1,955,188 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $600,914
- of which government grants
- $374,402
- Program service revenue
- $18,931
- Investment income
- $39,457
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $45,613
- Compensation of officers, directors and key employees
- $174,322
- Other salaries and wages
- $220,556
- Salaries, compensation and benefits (total)
- $501,798
- Professional fundraising fees
- $0
- Legal fees
- $356
- Accounting fees
- $6,227
- Occupancy
- $26,361
- Travel
- $11,903
- Program services (functional)
- $563,973
- Management and general (functional)
- $185,981
- Fundraising (functional)
- $44,849
Balance sheet and other
- Total assets, start of year
- $2,377,298
- Total assets, end of year
- $2,260,473
- Total liabilities, end of year
- $118,155
- Net assets, end of year
- $2,142,318
- Net assets without donor restrictions
- $811,213
- Net assets with donor restrictions
- $1,331,105
- Gross receipts
- $659,302
- Employees
- 4
- Year formed
- 2005
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD SCHRECK | PRESIDENT Officer | 40 | $174,000 | $34,622 |
| CHELSY SNYDER ANDERSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CRAIG BACKHAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN BUNZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT CURTIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JEFF GRIBBEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHAD HANSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTY KING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS LOVELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY PETERS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BILL PHILLIPS | BOARD MEMBER Trustee or director | – | $0 | $0 |
| BECKY SCHWAB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELLEN PRITCHARD SEDLOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL STEVENSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD SCHRECK | PRESIDENT Officer | 40 | $166,036 | $26,745 |
| CHELSY SNYDER ANDERSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KENT BRCKA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| COLLIN DAVISON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MARK EBELING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT KLOCKE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTY MARCHAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY PETERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHUCK SCHAFER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROD SCHLADER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT SMED | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| JOSH THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD SCHRECK | PRESIDENT Trustee or director, Officer, Key employee | 40 | $158,314 | $24,798 |
| KENT BRCKA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSH THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT KLOCKE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK EBELING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT SMED | PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| EMILY PETERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHUCK SCHAFER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROD SCHLADER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COLLIN DAVISON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHELSY SNYDER ANDERSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTY MARCHAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9 N FEDERAL AVE, MASON CITY, IA 50401-3250
- In care of
- % BRENT WILLETT
- Principal officer (990 for 2024)
- CHAD SCHRECK, 9 NORTH FEDERAL AVE, MASON CITY, IA 50401
- Signed the 990
- CHAD SCHRECK, PRESIDENT
- Phone
- (641) 423-0315
- Website
- WWW.NORTHIOWACORRIDOR.COM
- Return prepared by
- HARRISON & ASSOCIATES CPAS PLLC
Mission
SUPPORT BUSINESS AND INDUSTRY WITH RETENTION AND EXPANSION PROJECTS AND ATTRACT NEW BUSINESS AND INDUSTRY TO CERRO GORDO COUNTY, MASON CITY AND CLEAR LAKE.
Program accomplishments
- THE ORGANIZATION SUPPORTS BUSINESS AND INDUSTRY EFFORTS TO RETAIN AND EXPAND IN THE NORTH IOWA AREA BY PROVIDING RESEARCH, MARKETING,PROMOTION AND OTHER ASSISTANCE FOR NEW AND EXISTING BUSINESSES.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 75-3190471
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $2,260,473
- Income (IRS master file)
- $659,302
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $659,302 | $794,803 | $2,260,473 | IRS |
| 990 | June 2024 | $936,611 | $888,980 | $2,377,298 | IRS |
| 990 | June 2023 | $507,544 | $489,776 | $2,035,032 | XML |
| 990 | June 2022 | $546,325 | $572,138 | $2,017,451 | 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 75-3190471).
Questions about NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION is 75-3190471.
- Is NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2005.
- Are donations to NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH IOWA CORRIDOR 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 NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names CHAD SCHRECK.
- Who are the officers and directors of NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $174,000 (CHAD SCHRECK, PRESIDENT).
- How much revenue does NORTH IOWA CORRIDOR ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $659,302, expenses of $794,803 and total assets of $2,260,473 at year end.
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- NORTH IOWA LANDLORDS ASSOCIATION EIN 26-0836489 · last filed 990-N for 2023
- PINK & TEAL WARRIORS EIN 93-4050670 · last filed 990-N for 2025
- NORTH IOWA BUILDERS EXCHANGE EIN 42-6071637 · last filed 990-N for 2023
- INTERNATIONAL ASSOCIATION OF LIONS CLUBS EIN 42-0705815 · last filed 990-N for 2024
- IOWA ASSOCIATION OF WOMEN POLICE EIN 42-1184294 · last filed 990-N for 2024
All nonprofits in MASON CITY · Iowa · Community improvement and capacity building