KEOKUK ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- KEOKUK ECONOMIC DEVELOPMENT CORPORATION (EIN 42-1018928)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2023-08-14
- IRS object ID
- 202312269349200721
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-14T10:45:01-04:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 421363298 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MENKE & COMPANY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 406 AVENUE E PO BOX 135 | AddressLine1Txt |
| City | WEST POINT | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 526560135 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421018928 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEOKUK ECONOMIC DEVELOPMENT | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KEOK | BusinessNameControlTxt |
| Phone | 3195246921 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 511 BLONDEAU ST SUITE 3 | AddressLine1Txt |
| City | KEOKUK | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52632 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARB SMIDT | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3195246921 | PhoneNum |
| Signature | 2023-07-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BARB | PersonFirstNm |
| Person Last | SMIDT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAURA A MENKE | PreparerPersonNm |
| PTIN | P00182503 | PTIN |
| Phone | 3198376042 | PhoneNum |
| Preparation | 2023-08-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Website Address | N/A | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $149,472 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $130,000 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $19,458 | InvestmentIncomeAmt |
| Other Revenue Total | $14 | OtherRevenueTotalAmt |
| Total Revenue | $149,472 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $60,000 | GrantsAndSimilarAmountsPaidAmt |
| Other Expenses Total | $12,221 | OtherExpensesTotalAmt |
| Total Expenses | $72,221 | TotalExpensesAmt |
| Excess Or Deficit For Year | $77,251 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $159,437 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $236,688 | NetAssetsOrFundBalancesEOYAmt |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,362 | BOYAmt |
| EOY | $218,613 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,075 | BOYAmt |
| EOY | $18,075 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $159,437 | BOYAmt |
| EOY | $236,688 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $159,437 | BOYAmt |
| EOY | $236,688 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | ECONOMIC DEVELOPMENT FOR KEOKUK, IA AND SURROUNDING COMMUNITY. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | THE PURPOSE OF THE CORPORATION IS TO ACQUIRE LAND AND REAL ESTATE TO ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN AND DEVELOP INDUSTRIAL AND BUSINESS PROJECTS IN THE CITY OF KEOKUK, IA, LEE COUNTY, IA, AND THE SURROUNDING AREAS. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $60,000 | GrantsAndAllocationsAmt |
| Program Service Expenses | $60,000 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $60,000 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (10 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| SUSAN DUNEK | ||
| PRESIDENT | 2.00 | $0 |
| KERRY KLEPFER | ||
| VICE PRESIDE | 1.00 | $0 |
| BARB SMIDT | ||
| TREASURER | 1.00 | $0 |
| MIKE HICKEY | ||
| DIRECTOR | 1.00 | $0 |
| COLE O'DONNELL | ||
| DIRECTOR | 1.00 | $0 |
| DAVE BOGNER | ||
| DIRECTOR | 1.00 | $0 |
| BRIAN CARROLL | ||
| DIRECTOR | 1.00 | $0 |
| KATHIE MAHONEY | ||
| DIRECTOR | 1.00 | $0 |
| KAY SACKVILLE | ||
| DIRECTOR | 1.00 | $0 |
| JOSH KIRCHNER | ||
| DIRECTOR | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARB SMIDT | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 511 BLONDEAU ST SUITE 3 | AddressLine1Txt |
| City | KEOKUK | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52632 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3195246921 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $75,010 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $85,407 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $72,500 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $130,000 | CurrentTaxYearAmt |
| Total | $382,917 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $53 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $14 | CurrentTaxYearAmt |
| Total | $67 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $75,010 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $85,407 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $72,553 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $130,014 | CurrentTaxYearAmt |
| Total | $382,984 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $382,984 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,928 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,432 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,242 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,367 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,458 | CurrentTaxYearAmt |
| Total | $34,427 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,928 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,432 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,242 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,367 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,458 | CurrentTaxYearAmt |
| Total | $34,427 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $77,938 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $91,839 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $74,795 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $23,367 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $149,472 | CurrentTaxYearAmt |
| Total | $417,411 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.91750 | PublicSupportCY509Pct |
| Public Support PY509 | 0.93730 | PublicSupportPY509Pct |
| Investment Income CY | 0.08000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.06000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 8 | REFUND 14 TOTAL 14 |
| FORM 990-EZ, PART I, LINE 10 | NAME: LEE COUNTY ECONOMIC DEV. CORP. ADDRESS: PO BOX 1058 KEOKUK, IA 52632 CASH CONTRIBUTION: 50,000 |
| FORM 990-EZ, PART I, LINE 16 | KINDUSTRY PARK TAXES AND LICENSES 192 SEID CLEANING/MAINTENANCE 40 SUPPLIES 886 UTILITIES 750 1/2 RENT TO CITY 4,500 EXPENSES ADVERTISING AND PROMOTION 5,000 OFFICE 3 INSURANCE 850 TOTAL 12,221 |
| FORM 990-EZ, PART III, LINE 28 | THE PURPOSE OF THE CORPORATION IS TO ACQUIRE LAND AND REAL ESTATE TO ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN AND DEVELOP INDUSTRIAL AND BUSINESS PROJECTS IN THE CITY OF KEOKUK, IA, LEE COUNTY, IA, AND THE SURROUNDING AREAS. |
Comments