KEOKUK ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KEOKUK ECONOMIC DEVELOPMENT CORPORATION (EIN 42-1018928)
Tax period
2021-07-01 to 2022-06-30
Filed
2022-10-19
IRS object ID
202232929349201233
Schema version
2021v4.0
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

FieldValueIRS element (for citing)
Return2022-10-19T15:51:00-04:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421363298PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MENKE & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1406 AVENUE E PO BOX 135AddressLine1Txt
CityWEST POINTCityNm
State AbbreviationIAStateAbbreviationCd
ZIP526560135ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN421018928EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KEOKUK ECONOMIC DEVELOPMENTBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlKEOKBusinessNameControlTxt
Phone3195246921PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 BLONDEAU ST SUITE 3AddressLine1Txt
CityKEOKUKCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52632ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBARB SMIDTPersonNm
Person TitleTREASURERPersonTitleTxt
Phone3195246921PhoneNum
Signature2022-10-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBARBPersonFirstNm
Person LastSMIDTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAURA A MENKEPreparerPersonNm
PTINP00182503PTIN
Phone3198376042PhoneNum
Preparation2022-10-13PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$23,367GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$20,000ContributionsGiftsGrantsEtcAmt
Investment Income$3,367InvestmentIncomeAmt
Total Revenue$23,367TotalRevenueAmt
Grants And Similar Amounts Paid$90,000GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$550FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$20,759OtherExpensesTotalAmt
Total Expenses$111,309TotalExpensesAmt
Excess Or Deficit For Year-$87,942ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$247,379NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$159,437NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$229,304BOYAmt
EOY$141,362EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$18,075BOYAmt
EOY$18,075EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$247,379BOYAmt
EOY$159,437EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$247,379BOYAmt
EOY$159,437EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeECONOMIC DEVELOPMENT FOR KEOKUK, IA AND SURROUNDING COMMUNITY.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE 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$90,000GrantsAndAllocationsAmt
Program Service Expenses$104,672ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$104,672TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SUSAN DUNEK
PRESIDENT000.00$0
KERRY KLEPFER
VICE PRESIDE000.00$0
BARB SMIDT
TREASURER000.00$0
MIKE HICKEY
DIRECTOR000.00$0
COLE O'DONNELL
DIRECTOR000.00$0
DAVE BOGNER
DIRECTOR000.00$0
RON SCHMITT
DIRECTOR000.00$0
GARY FOLLUO
DIRECTOR000.00$0
BRIAN CARROLL
DIRECTOR000.00$0
TOM RICHARDSON
DIRECTOR000.00$0
NANCY SNAADT
DIRECTOR000.00$0
JOSH KIRCHNER
DIRECTOR000.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBARB SMIDTPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 BLONDEAU ST SUITE 3AddressLine1Txt
CityKEOKUKCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52632ZIPCd
FieldValueIRS element (for citing)
Phone3195246921PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$75,010CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$85,407CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$72,500CurrentTaxYearMinus1YearAmt
Current Tax Year$20,000CurrentTaxYearAmt
Total$262,917TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$53CurrentTaxYearMinus1YearAmt
Total$53TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$75,010CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$85,407CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$72,553CurrentTaxYearMinus1YearAmt
Current Tax Year$20,000CurrentTaxYearAmt
Total$262,970TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$262,970PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,617CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,928CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,432CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,242CurrentTaxYearMinus1YearAmt
Current Tax Year$3,367CurrentTaxYearAmt
Total$17,586TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,617CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,928CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,432CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,242CurrentTaxYearMinus1YearAmt
Current Tax Year$3,367CurrentTaxYearAmt
Total$17,586TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,617CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$77,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$91,839CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$74,795CurrentTaxYearMinus1YearAmt
Current Tax Year$23,367CurrentTaxYearAmt
Total$280,556TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.93730PublicSupportCY509Pct
Public Support PY5090.94470PublicSupportPY509Pct
Investment Income CY0.06000InvestmentIncomeCYPct
Investment Income PY0.06000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 10NAME: LEE COUNTY ECONOMIC DEV. CORP. ADDRESS: PO BOX 1058 KEOKUK, IA 52632 CASH CONTRIBUTION: 60,000 NAME: KEOKUK AREA CHAMBER OF COMMERCE ADDRESS: 511 BLONDEAU ST 3 KEOKUK, IA 52632 CASH CONTRIBUTION: 30,000
FORM 990-EZ, PART I, LINE 16KINDUSTRY PARK TAXES AND LICENSES 198 EXPENSES ADVERTISING AND PROMOTION 5,000 OFFICE 25 INSURANCE 864 RURAL HOUSING ASSESSMENT 4,000 SEID MANAGEMENT 10,672 TOTAL 20,759
FORM 990-EZ, PART III, LINE 28THE 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.

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