Nonprofit · EIN 83-4220326
LOCAL INITIATIVE FOR TRANSFORMATION - WC INC
Tax-exempt · WEBSTER CITY, IA 50595
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $896,692 | $720,538 | $176,154 | $255,174 | $150 | $255,024 |
| December 31, 2024 | 990 | $961,229 | $948,778 | $12,451 | $79,020 | $150 | $78,870 |
| December 31, 2023 | 990-EZ | $109,417 | $127,975 | -$18,558 | $66,419 | $0 | $66,419 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $896,692
- of which government grants
- $711,925
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $720,538
Balance sheet and other
- Total assets, start of year
- $79,020
- Total assets, end of year
- $255,174
- Total liabilities, end of year
- $150
- Net assets, end of year
- $255,024
- Land, buildings and equipment
- $29,907
- Net assets without donor restrictions
- $176,155
- Net assets with donor restrictions
- $78,869
- Gross receipts
- $896,692
- Employees
- 0
- Year formed
- 2019
- 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 |
|---|---|---|---|
| John Hawkins | Director Trustee or director | 5 | $0 |
| Jacob Pulis | Director Trustee or director | 2 | $0 |
| Zachary S Chizek | Treasurer Officer | 5 | $0 |
| Lindsay Henderson | Vice President Officer | 5 | $0 |
| Darcy Swon | President Officer | 5 | $0 |
| Shannon Swon | Secertary Officer | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Hawkins | Director Trustee or director | 5 | $0 |
| Jacob Pulis | Director Trustee or director | 2 | $0 |
| Zachary S Chizek | Treasurer Officer | 5 | $0 |
| Lindsay Henderson | Vice President Officer | 5 | $0 |
| Darcy Swon | President Officer | 5 | $0 |
| Shannon Swon | Secertary Officer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Zachary S Chizek | Treasurer | 5 | $0 |
| Lindsay Henderson | President | 5 | $0 |
| John Hawkins | Vice President | 5 | $0 |
| Darcy Swon | Secretary | 5 | $0 |
| Jacob Pulis | Director | 2 | $0 |
| Shannon Swon | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1620 SUPERIOR ST UNIT 1, WEBSTER CITY, IA 50595-2958
- In care of
- % ZACHARY S CHIZEK
- Signed the 990
- ZACHARY S CHIZEK, Treasurer
- Website
- http://liftwc.org
- Return prepared by
- FACTS
Mission
Rehabbing a historic building with the hope of using said space for acommunity space in the future. Said building once rehabbed will servethe whole community of 8000 people.
Program accomplishments
- Rehabbing a historic building with the hope of using said space for a community space in the future. Said building once rehabbed will serve the whole community of 8000 people.Expenses $720,538 · grants $896,692
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-EZ on file |
IRS record
- EIN
- 83-4220326
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $255,174
- Income (IRS master file)
- $896,692
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $896,692 | $720,538 | $255,174 | IRS |
| 990 | December 2024 | $961,229 | $948,778 | $79,020 | XML |
| 990-EZ | December 2023 | $109,417 | $127,975 | $66,419 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 83-4220326).
Questions about LOCAL INITIATIVE FOR TRANSFORMATION - WC INC
- What is the EIN of LOCAL INITIATIVE FOR TRANSFORMATION - WC INC?
- The employer identification number (EIN) of LOCAL INITIATIVE FOR TRANSFORMATION - WC INC is 83-4220326.
- Is LOCAL INITIATIVE FOR TRANSFORMATION - WC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to LOCAL INITIATIVE FOR TRANSFORMATION - WC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOCAL INITIATIVE FOR TRANSFORMATION - WC INC 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 LOCAL INITIATIVE FOR TRANSFORMATION - WC INC 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 LOCAL INITIATIVE FOR TRANSFORMATION - WC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of LOCAL INITIATIVE FOR TRANSFORMATION - WC INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does LOCAL INITIATIVE FOR TRANSFORMATION - WC INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $896,692, expenses of $720,538 and total assets of $255,174 at year end.
Other nonprofits in WEBSTER CITY
- CENTRAL IOWA TOURISM REGION EIN 42-1291415 · last filed 990 for 2025
- TRAVEL FEDERATION OF IOWA INC EIN 42-1349537 · last filed 990-N for 2025
- RIVERVIEW EARLY CHILDHOOD CENTER EIN 42-1511763 · last filed 990 for 2025
- WILSON BREWER PARK DEPOT FOUNDATION EIN 47-3604405 · last filed 990 for 2025
- HAMILTON COUNTY EXPOSITION EIN 42-0717652 · last filed 990 for 2025
- MINISTERIOS EL JORDAN WEBSTER CITY EIN 92-0341006 · last filed 990 for 2024
- HELP ENTERTAIN AND RESTORE ORGANIZATIONS INC EIN 46-4303869 · last filed 990-EZ for 2026
- IOWA FARM BUREAU FEDERATION EIN 42-0685014 · last filed 990 for 2025
All nonprofits in WEBSTER CITY · Iowa · Community improvement and capacity building