Nonprofit · EIN 87-1319434
CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · CEDAR FALLS, IA 50613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990-EZ | $95,061 | $148,028 | -$52,967 | $13,257 | $0 | $13,257 |
| June 30, 2023 | 990-EZ | $63,799 | $187,488 | -$123,689 | $66,224 | $0 | $66,224 |
Financial details: 990-EZ for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $95,060
- Other revenue
- $1
Expenses
- Compensation of officers, directors and key employees
- $120,000
- Salaries, compensation and benefits (total)
- $120,000
- Professional fees and payments to contractors
- $12,134
- Occupancy
- $5,885
- Printing, publications and postage
- $216
- Other expenses
- $9,793
- Program services (functional)
- $123,894
Balance sheet and other
- Total assets, start of year
- $66,224
- Total assets, end of year
- $13,257
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,257
- Cash, savings and investments
- $13,257
- Gross receipts
- $95,061
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-EZ for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM BROWN | DIRECTOR | 40 | $120,000 |
| KRIS HANSEN | CHAIR | 5 | $0 |
| BOB SEYMOUR | CHAIR ELECT | 2 | $0 |
| MARK KITTRELL | PAST CHAIR | 2 | $0 |
| BRYAN EARNEST | TREASURER | 2 | $0 |
990-EZ for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM BROWN | DIRECTOR | 40 | $120,000 |
| KRIS HANSEN | CHAIR | 5 | $0 |
| BOB SEYMOUR | CHAIR ELECT | 2 | $0 |
| MARK KITTRELL | PAST CHAIR | 2 | $0 |
| BRYAN EARNEST | TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 200 STATE ST STE 202-A, CEDAR FALLS, IA 50613-3380
- In care of
- % JAMES BROWN
- Signed the 990-EZ
- KRIS HANSEN, CHAIR
- Phone
- (319) 575-0375
- Return prepared by
- HONKAMP KRUEGER & CO PC
Mission
CONDUCT ECONOMIC DEVELOPMENT ACTIVITIES THAT BENEFIT THE GENERAL PUBLIC AND RESIDENTS OF THE CEDAR FALLS, IA AND SURROUNDING AREAS.
Program accomplishments
- CONDUCT ECONOMIC DEVELOPMENT ACTIVITIES THAT BENEFIT THE GENERAL PUBLIC AND RESIDENTS OF THE CEDAR FALLS, IA AND SURROUNDING AREAS.Expenses $123,894
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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-1319434
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S21)
- Assets (IRS master file)
- $13,257
- Income (IRS master file)
- $95,061
Revocation and reinstatement
- Exemption revoked
- November 15, 2023
- Posted by the IRS
- July 9, 2024
- Reinstated
- Effective November 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2024 | $95,061 | $148,028 | $13,257 | XML |
| 990-EZ | June 2023 | $63,799 | $187,488 | $66,224 | XML |
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 87-1319434).
Questions about CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION is 87-1319434.
- Is CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2023 and reinstated it effective November 15, 2023.
- Are donations to CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CEDAR FALLS 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 CEDAR FALLS 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 CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2024.
- Who are the officers and directors of CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended June 30, 2024 lists 5 people; 1 received compensation from the organization, the highest $120,000 (JIM BROWN, DIRECTOR).
- How much revenue does CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended June 30, 2024 it reported revenue of $95,061, expenses of $148,028 and total assets of $13,257 at year end.
Other nonprofits in CEDAR FALLS
- LEADER VALLEY FOUNDATION EIN 45-3120883 · last filed 990 for 2025
- COMMUNITY MAIN STREET INC EIN 42-1303027 · last filed 990 for 2025
- NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS CALIFORNIA EIN 94-1120047 · last filed 990 for 2025
- NAIFA-NEW YORK INC EIN 85-3681005 · last filed 990 for 2025
- STURGIS FALLS CELEBRATION INC EIN 42-1256854 · last filed 990 for 2023
- NAIFA ARKANSAS EIN 71-6052266 · last filed 990-EZ for 2025
- CEDAR VALLEY HAITIAN FUND EIN 84-1832553 · last filed 990-PF for 2025
- SCATTERED SEEDS EIN 87-3164253 · last filed 990-N for 2025
All nonprofits in CEDAR FALLS · Iowa · Community improvement and capacity building