CLUB 720 DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

CLUB 720 DEVELOPMENT CORPORATION

EIN 20-8263324 · Community Improvement & Capacity Building N.E.C. (S99)

What they do

CLUB 720 DEVELOPMENT CORPORATION is ORGANIZED for PURPOSES THAT ARE EXCLUSIVELY CHARITABLE and EDUCATIONAL and CONSIST of THE FOLLOWING: (1) to PROVIDE BASIC LIVING FACILITIES for ECONOMICALLY DISTRESSED INDIVIDUALS THROUGH HOUSING DEVELOPMENT IN ORDER to IMPROVE THE LIVING CONDITIONS and ECONOMIC WELL-BEING of INDIVIDUALS and to ENGAGE IN RELATED ACTIVITIES IN ORDER to IMPROVE THE LIVING CONDITIONS and ECONOMIC WELL-BEING of SAID INDIVIDUALS. (2) to CREATE A SOCIAL ENVIRONMENT of SELF-DETERMINATION and COOPERATION THAT ENCOURAGES ECONOMICALLY DISTRESSED RESIDENTS to PURSUE THEIR LIFE GOALS and ASPIRATIONS, ESPECIALLY WITH REGARD to ADEQUATE HOUSING, WITH A SENSE of SELF-RESPECT and DIGNITY. (3) to DO ANY and ALL LAWFUL ACTIVITIES WHICH MAY BE NECESSARY, USEFUL, or DESIRABLE for THE FURTHERANCE, ACCOMPLISHMENT, FOSTERING, or ATTAINMENT of THE FOREGOING PURPOSES, EITHER DIRECTLY or INDIRECTLY and EITHER ALONE or IN CONJUNCTION or COOPERATION WITH OTHERS, WHETHER SUCH OTHERS BE PERSONS O

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

36.51%of revenue went to mission work89.0% of expenses · Program services

0.74%of revenue went to fundraising1.8% of expenses

$41.03spent for every $100 of revenueRevenue covered expenses this year.

3.78%of revenue went to management and office costs9.2% of expenses

$2.76in assets for every $1 spent this yearSome assets cannot be spent right away.

86.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $109,097 for HEATHER PRESLEY-COWEN (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,621,820

Mission workProgram services$1,322,20536.51% of revenue89.0% of expenses

ManagementOffice and general costs$136,9423.78% of revenue9.2% of expenses

FundraisingAsking for donations$26,8920.74% of revenue1.8% of expenses

Revenue left after expensesReported annual surplus$2,135,78158.97% of revenueShown in gray on the chart

Total expenses$1,486,03941.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.0% mission · 9.2% management · 1.8% fundraisingTotal expenses: 41.03% of revenue

2023Expense mix: 91.3% mission · 6.9% management · 1.7% fundraisingTotal expenses: 88.56% of revenue

2022Expense mix: 91.8% mission · 6.1% management · 2.1% fundraisingTotal expenses: 189.50% of revenue

2021Expense mix: 90.0% mission · 7.4% management · 2.6% fundraisingTotal expenses: 112.70% of revenue

2020Expense mix: 80.6% mission · 16.9% management · 2.5% fundraisingTotal expenses: 31.95% of revenue

2019Expense mix: 72.5% mission · 25.6% management · 1.8% fundraisingTotal expenses: 92.29% of revenue

2018Expense mix: 78.1% mission · 20.4% management · 1.5% fundraisingTotal expenses: 88.64% of revenue

2017Expense mix: 76.7% mission · 21.8% management · 1.5% fundraisingTotal expenses: 95.98% of revenue

Money in and money out

Revenue$3,621,820

Expenses$1,486,039

Annual surplus $2,135,781 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,322,205 · 89.0% of expenses

Management and office costs$136,942 · 9.2% of expenses

Fundraising$26,892 · 1.8% of expenses

See all reported dollar amounts

Revenue$3,621,820

Expenses$1,486,039

Assets$4,097,654

Income$5,444,467

Contributions$3,122,428

Mission work (program services)$1,322,205

Fundraising$26,892

Grants given$940,905

Average grant$313,635

Management and general$136,942

Accounting fees$23,328

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HEATHER PRESLEY-COWENCEO · 25 hrs/week $109,097

RYAN CHASEYCOO · 40 hrs/week $92,769

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

HEATHER PRESLEY-COWENCEO

RYAN CHASEYCOO

ADAM WELCHDIRECTOR

DENISE ANDORFERDIRECTOR

J NELSON COATSTREASURER

LINDA LAUERSECRETARY

About this charity

Recognized since: January 2020
Location: 6347 CONSTITUTION DRIVE, FORT WAYNE, IN 46804
County: Allen
In care of: HEATHER PRESLEY-COWEN
Primary officer: HEATHER PRESLEY-COWEN, CEO

How to reach them

WebsiteVisit the charity’s website Phone(260) 615-2614

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: HAMIL LEHMAN & ENGLAND PC
NTEE classification: Community Improvement & Capacity Building N.E.C. (S99)
IRS tax category: Community Improvement & Capacity Building N.E.C.
Grant-giving organization: Yes