Nonprofit · EIN 83-0361044
IOWA AREA DEVELOPMENT GROUP L C
Tax-exempt · DES MOINES, IA 50312
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $475,985 | $283,243 | $192,742 | $3,791,945 | $0 | $3,791,945 |
| December 31, 2024 | 990 | $398,999 | $258,184 | $140,815 | $3,310,882 | $0 | $3,310,882 |
| December 31, 2023 | 990 | $293,982 | $78,444 | $215,538 | $3,027,941 | $0 | $3,027,941 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,292
- Program service revenue
- $243,855
- Investment income
- $229,838
- Net gain from sales of assets
- $169,858
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $88,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,050
- Program services (functional)
- $283,243
Balance sheet and other
- Total assets, start of year
- $3,310,882
- Total assets, end of year
- $3,791,945
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,791,945
- Gross receipts
- $475,985
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2003
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE NUZUM | CEO Trustee or director, Officer | 20 | $0 | $278,762 | $99,482 |
| DOUGLAS H AEILTS | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JACOB OLBERDING | VICE PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| MATT WASHBURN | SECRETARY/TREASURER Trustee or director | 0 | $0 | $0 | $0 |
| RON STEINHOFF | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| DAVID ONKEN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| NORM MAJOR | FORMER DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| RICHARD WELSH | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE NUZUM | CEO Trustee or director, Officer | 20 | $0 | $262,913 | $95,538 |
| DOUGLAS H AEILTS | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JACOB OLBERDING | VICE PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| MATT WASHBURN | SECRETARY/TREASURER Trustee or director, Officer | 0 | $0 | $0 | $0 |
| RON STEINHOFF | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| DAVID ONKEN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| NORM MAJOR | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE NUZUM | CEO/SECRETARY/TREASURER Trustee or director, Officer | 20 | $0 | $248,903 | $95,620 |
| DOUGLAS H AEILTS | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| KEN KUYPER | VICE PRESIDENT Trustee or director, Officer | 0 | $0 | $0 | $0 |
| MATT WASHBURN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| RON STEINHOFF | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| MARVIN NEWTON | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| PAUL HEINEMAN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| DAVID ONKEN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| BILL CHERRIER | DIRECTOR (RESIGNED MAY 2023) Trustee or director | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2600 GRAND AVE STE 430, DES MOINES, IA 50312-5366
- In care of
- % RAND M FISHER
- Principal officer (990 for 2025)
- BRUCE NUZUM, 2600 GRAND AVENUE SUITE 430, DES MOINES, IA 50312
- Signed the 990
- BRUCE NUZUM, CHIEF EXECUTIVE OFFICER
- Phone
- (515) 223-4817
- Website
- WWW.IADG.COM
- Return prepared by
- DENMAN CPA LLP
Mission
THE MISSION OF THE IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION IS TO FOSTER ECONOMIC DEVELOPMENT AND COMMUNITY BETTERMENT BY PROVIDING PUBLIC POLICY RESEARCH AND PROMOTION; EDUCATION AND TRAINING; AND COMMUNITY BASED AND GUIDED PHILANTHROPY.
Program accomplishments
- CONDUCTING LEADERSHIP DEVELOPMENT PROGRAMS AND SEMINARS IN ORDER TO EDUCATE ELECTRIC COOPERATIVE MEMBERS, COMMUNITY VOLUNTEERS AND PROFESSIONAL DEVELOPERS ABOUT TOOLS, RESOURCES, AND TECHNICAL ASSISTANCE IN ORDER TO FURTHER LOCAL ECONOMIC DEVELOPMENTAL EFFORTS. RESOURCES WILL ALSO BE USED TO UNDERTAKE AND/OR SUPPORT RESEARCH, STUDY, AND ANALYSIS OF THE ECONOMY OR SEGMENTS OF THE ECONOMY OF THE STATE OF IOWA IN ORDER TO ENCOURAGE LOCAL ECONOMIC DEVELOPMENTAL EFFORTS.Expenses $283,243 · grants $88,000 · revenue $243,855
- AN ESTIMATED 10% OF THE ORGANIZATIONS EFFORTS AND RESOURCES WILL BE USED TO PROVIDE ADMINISTRATION AND TECHNICAL ASSISTANCE TO COMMUNITY BASED ORGANIZATIONS THROUGHOUT IOWA FOR LOCAL PHILANTHROPIC EFFORTS.
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
- 83-0361044
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $3,791,945
- Income (IRS master file)
- $475,985
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $475,985 | $283,243 | $3,791,945 | XML |
| 990 | December 2024 | $398,999 | $258,184 | $3,310,882 | XML |
| 990 | December 2023 | $293,982 | $78,444 | $3,027,941 | XML |
| 990 | December 2022 | $283,671 | $56,454 | $2,528,381 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-0361044).
Questions about IOWA AREA DEVELOPMENT GROUP L C
- What is the EIN of IOWA AREA DEVELOPMENT GROUP L C?
- The employer identification number (EIN) of IOWA AREA DEVELOPMENT GROUP L C is 83-0361044.
- Is IOWA AREA DEVELOPMENT GROUP L C tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to IOWA AREA DEVELOPMENT GROUP L C tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA AREA DEVELOPMENT GROUP L C 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 AREA DEVELOPMENT GROUP L C 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 AREA DEVELOPMENT GROUP L C 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 AREA DEVELOPMENT GROUP L C?
- The 990 for the year ended December 31, 2025 names BRUCE NUZUM.
- Who are the officers and directors of IOWA AREA DEVELOPMENT GROUP L C?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does IOWA AREA DEVELOPMENT GROUP L C have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $475,985, expenses of $283,243 and total assets of $3,791,945 at year end.
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All nonprofits in DES MOINES · Iowa · Philanthropy, voluntarism and grantmaking foundations