Nonprofit · EIN 84-2607571
INVEST DSM
Tax-exempt · DES MOINES, IA 50309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,432,838 | $13,129,338 | -$2,696,500 | $27,145,602 | $2,977,805 | $24,167,797 |
| December 31, 2024 | 990 | $10,898,293 | $7,854,647 | $3,043,646 | $29,036,420 | $2,181,908 | $26,854,512 |
| December 31, 2023 | 990 | $10,301,946 | $5,156,473 | $5,145,473 | $24,331,235 | $543,020 | $23,788,215 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,015,000
- of which government grants
- $10,000,000
- Program service revenue
- $7,025
- Investment income
- $388,015
- Net rental income
- $22,798
- Other revenue
- $22,798
Expenses
- Grants and similar amounts paid
- $6,677,074
- Compensation of officers, directors and key employees
- $148,578
- Other salaries and wages
- $672,712
- Salaries, compensation and benefits (total)
- $997,618
- Professional fundraising fees
- $0
- Legal fees
- $123,426
- Accounting fees
- $117,539
- Occupancy
- $60,288
- Depreciation
- $13,182
- Program services (functional)
- $12,492,719
- Management and general (functional)
- $636,619
Balance sheet and other
- Total assets, start of year
- $29,036,420
- Total assets, end of year
- $27,145,602
- Total liabilities, end of year
- $2,977,805
- Net assets, end of year
- $24,167,797
- Land, buildings and equipment
- $1,159,709
- Net assets without donor restrictions
- $24,077,797
- Net assets with donor restrictions
- $90,000
- Gross receipts
- $10,432,838
- Employees
- 10
- Volunteers
- 11
- 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 | Other / benefits |
|---|---|---|---|---|
| CHRIS CIVITATE | NEIGHBORHOOD DEVELOPMENT M Highest-paid employee | 40 | $128,676 | $15,879 |
| SIERRA ROSE | OPERATIONS MANAGER Highest-paid employee | 40 | $127,125 | $12,811 |
| JAKE ROSS | CONSTRUCTION SPECIALIST Highest-paid employee | 40 | $103,508 | $25,582 |
| MATTHEW BRANDT | CONSTRUCTION SPECIALIST Highest-paid employee | 40 | $100,599 | $25,850 |
| AMBER LYNCH | FORMER EXECUTIVE DIRECTOR Officer | 40 | $79,796 | $12,761 |
| THERESA GREENFIELD | EXECUTIVE DIRECTOR Officer | 40 | $54,046 | $1,976 |
| TOM HOCKENSMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CONNIE BOESEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER COOPER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA CONNOLLY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MIKE SIMONSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CACCIATORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT MCCOY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGIE PFANNKUCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL VOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAMON MILLER | DIRECTOR Trustee or director | 1 | $0 |
| JENNA KIMBERLY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMBER LYNCH | EXECUTIVE DIRECTOR Officer | 40 | $191,522 | $30,367 |
| CHRIS CIVITATE | NEIGHBORHOOD DEVELOPMENT MANAGER Highest-paid employee | 40 | $105,947 | $11,545 |
| SIERRA ROSE | OPERATIONS MANAGER Highest-paid employee | 40 | $104,035 | $11,507 |
| TOM HOCKENSMITH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CONNIE BOESEN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER COOPER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA CONNOLLY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT SANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CACCIATORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT MCCOY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGIE PFANNKUCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL VOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMBER LYNCH | EXECUTIVE DIRECTOR Officer | 40 | $163,316 | $30,182 |
| FRANK COWNIE | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOM HOCKENSMITH | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA CONNOLLY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CONNIE BOESEN | TREASURER Trustee or director | 1 | $0 | $0 |
| JOHN CACCIATORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER COOPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT MCCOY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGIE PFANNKUCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL VOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 525 SW 5TH ST STE F, DES MOINES, IA 50309-4501
- In care of
- % AMBER LYNCH
- Principal officer (990 for 2025)
- THERESA GREENFIELD, 525 SW 5TH STREET F, DES MOINES, IA 50309
- Signed the 990
- THERESA GREENFIELD, EXECUTIVE DIRECTOR
- Phone
- (515) 221-8410
- Website
- WWW.INVESTDSM.ORG
- Return prepared by
- DENMAN CPA LLP
Mission
PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS. WE DO THIS THROUGH STRATEGIC INVESTMENTS IN REAL ESTATE AND PARTNERSHIPS TO IMPROVE QUALITY OF LIFE.
Program accomplishments
- PROVIDE HOLISTIC AND INNOVATIVE SOLUTIONS THAT STRENGTHEN NEIGHBORHOODS.Expenses $12,492,719 · grants $6,677,074 · revenue $29,823
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
- 84-2607571
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25)
- Assets (IRS master file)
- $27,145,602
- Income (IRS master file)
- $10,432,838
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,432,838 | $13,129,338 | $27,145,602 | XML |
| 990 | December 2024 | $10,898,293 | $7,854,647 | $29,036,420 | XML |
| 990 | December 2023 | $10,301,946 | $5,156,473 | $24,331,235 | XML |
| 990 | December 2022 | $10,543,054 | $4,723,480 | $19,287,532 | IRS |
| 990 | December 2021 | $110,576 | $3,172,509 | $13,108,701 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 84-2607571).
Questions about INVEST DSM
- What is the EIN of INVEST DSM?
- The employer identification number (EIN) of INVEST DSM is 84-2607571.
- Is INVEST DSM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to INVEST DSM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVEST DSM 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 INVEST DSM 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 INVEST DSM 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 INVEST DSM?
- The 990 for the year ended December 31, 2025 names THERESA GREENFIELD.
- Who are the officers and directors of INVEST DSM?
- The 990 for the year ended December 31, 2025 lists 17 people; 6 received compensation from the organization, the highest $128,676 (CHRIS CIVITATE, NEIGHBORHOOD DEVELOPMENT M).
- How much revenue does INVEST DSM have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,432,838, expenses of $13,129,338 and total assets of $27,145,602 at year end.
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