FORT MADISON ECONOMIC DEVELOPMENT CORP Charity Report

Public IRS 990 nonprofit record

FORT MADISON ECONOMIC DEVELOPMENT CORP

EIN 42-1300666 · Community Improvement & Capacity Building (S31Z)

What they do

PROMOTION of AREA ENCONOMIC DEVELOPMENT.

Before you give

Are they doing good?

Easy charity check

Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

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 leaders13 people are listed in the latest report.

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

Money made simple

$38.92spent for every $100 of revenueRevenue covered expenses this year.

$71.90of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.

$23.89in assets for every $1 spent this yearSome assets cannot be spent right away.

61.5%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.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it 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.

Money in and money out

Revenue$65,423

Expenses$25,464

Annual surplus $39,959 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$18,311 · 71.9% of expenses

Grants paid$3,398,939 · 13,348.0% of expenses

This source amount exceeds total expenses; compare the filing details carefully.

See all reported dollar amounts

Revenue$65,423

Expenses$25,464

Assets$608,292

Income$65,423

Contributions$40,250

Grants given$3,398,939

Average grant$1,699,470

Management and general$18,311

Accounting fees$1,525

People

Leadership and board

Tax year 2024

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

See everyone listed on the board or leadership roster (13)

AMY CONLEEDIRECTOR

BOB HUFFMANCHAIRMAN

BRYAN LANGERUDDIRECTOR

COREY FRAISEDIRECTOR

GARY HOYERDIRECTOR

JASON HUTCHESONDIRECTOR

LARRY SMITHDIRECTOR

MATT MORRISVICE-CHAIRMA

MATT MORRISONDIRECTOR

MIKE CULBERTSONTREASURER

MOUDY NABULSIDIRECTOR

STEVAN VUKCEICHDIRECTOR

TIM GOBBLESECRETARY

About this charity

Recognized since: January 1988
Location: PO BOX 309, MONTROSE, IA 52639
County: Lee
In care of: TIM GOBBLE
Primary officer: TIM GOBBLE, SECRETARY

How to reach them

Phone(319) 372-5471 Officer phone(319) 463-9030

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MENKE & COMPANY
NTEE classification: Community Improvement & Capacity Building (S31Z)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes