CLINTON BUSINESS PARK DEVLOPMENT CORP: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CLINTON BUSINESS PARK DEVLOPMENT CORP (EIN 81-0545977)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-07-15
IRS object ID
202121969349300842
Schema version
2020v4.0
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)
Return2021-07-15T15:36:19-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN270402452PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WINKEL PARKER & FOSTER CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11301 19TH AVE NWAddressLine1Txt
CityCLINTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP527322434ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810545977EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLINTON BUSINESS PARKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCLINBusinessNameControlTxt
Phone5632425702PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1721 S 2ND STREET SUITE 1AddressLine1Txt
CityCLINTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52732ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT HOLESINGERPersonNm
Person TitleCHAIRPersonTitleTxt
Phone5632425702PhoneNum
Signature2021-06-25SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROBERTPersonFirstNm
Person LastHOLESINGERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARY L FOSTER CPAPreparerPersonNm
PTINP00055209PTIN
Phone5632423440PhoneNum
Preparation2021-07-06PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT HOLESINGERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1721 S 2ND ST STE 1AddressLine1Txt
CityCLINTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52732ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$20,591GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Activity Or MissionTO AQUIRE FARMLAND AND DEVELOP IT AS AN INDUSTRIAL PARK.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$13,806TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,502PYInvestmentIncomeAmt
CY Investment Income$710CYInvestmentIncomeAmt
PY Other Revenue$12,398PYOtherRevenueAmt
CY Other Revenue$13,955CYOtherRevenueAmt
PY Total Revenue$14,900PYTotalRevenueAmt
CY Total Revenue$14,665CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$7,491PYOtherExpensesAmt
CY Other Expenses$11,337CYOtherExpensesAmt
PY Total Expenses$7,491PYTotalExpensesAmt
CY Total Expenses$11,337CYTotalExpensesAmt
PY Revenues Less Expenses$7,409PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,328CYRevenuesLessExpensesAmt
Total Assets BOY$1,280,523TotalAssetsBOYAmt
Total Assets EOY$1,283,483TotalAssetsEOYAmt
Total Liabilities BOY$6,478TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,110TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,274,045NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,277,373NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO AQUIRE FARMLAND AND DEVELOP IT AS AN INDUSTRIAL PARK.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$5,829ExpenseAmt
DescINDUSTRIAL PARK DEVELOPMENT. DEVELOPING LAND TO BE USED AS AN INDUSTRIAL PARK USING FARMLAND.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$5,508ExpenseAmt
DescINDUSTRIAL PARK DEVELOPMENT. DEVELOPING LAND TO BE USED AS AN INDUSTRIAL PARK USING FARMLAND.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$5,508TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$11,337TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldIAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCLINTON AREA CHAMBER OF COMMERCEPersonNm
Phone5632425702PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1721 S 2ND ST STE 1AddressLine1Txt
CityCLINTONCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52732ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BOB ALLMANDINGER
DIRECTORYes (X)$0$0$0
STEVE CLEMENTS
DIRECTORYes (X)$0$0$0
TOM DETERMANN
DIRECTORYes (X)$0$0$0
MIKE FRYE
DIRECTORYes (X)$0$0$0
ROBERT HOLESINGER
CHAIRYes (X)$0$0$0
DENNIS LAUVER
MARKETING LIYes (X)$0$0$0
MAUREEN MILLER
SECRETARYYes (X)$0$0$0
RICHARD PHELAN
DIRECTORYes (X)$0$0$0
JOHN TOTTEN
DIRECTORYes (X)$0$0$0
MARK VULICH
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$710TotalRevenueColumnAmt
Exclusion$710ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$19,732RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$5,926RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$13,806RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,806TotalRevenueColumnAmt
Unrelated Business Revenue$13,806UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Total Revenue Column$149TotalRevenueColumnAmt
Related Or Exempt Func Income$149RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$149OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,665TotalRevenueColumnAmt
Related Or Exempt Func Income$149RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$13,806UnrelatedBusinessRevenueAmt
Exclusion$710ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$730TotalAmt
Program Services$730ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,800TotalAmt
Program Services$4,800ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$708TotalAmt
Program Services$708ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
ADMINISTRATIVE EXPENSES$2,500$2,500
MOWING$1,809$1,809
INSURANCE$790$790

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$11,337TotalAmt
Program Services$11,337ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$56,053BOYAmt
EOY$59,011EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$108,722BOYAmt
EOY$109,432EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,139,422LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$24,382LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,115,748BOYAmt
EOY$1,115,040EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,280,523BOYAmt
EOY$1,283,483EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,478BOYAmt
EOY$6,110EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,478BOYAmt
EOY$6,110EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$958,451BOYAmt
EOY$961,779EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$315,594BOYAmt
EOY$315,594EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,274,045BOYAmt
EOY$1,277,373EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,280,523BOYAmt
EOY$1,283,483EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$3,328ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,088,710OtherCostOrOtherBasisAmt
Book Value$1,088,710BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$50,712OtherCostOrOtherBasisAmt
Book Value$50,712BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Depreciation$24,382DepreciationAmt
Book Value-$24,382BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,115,040TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DINDUSTRIAL PARK DEVELOPMENT. DEVELOPING LAND TO BE USED AS AN INDUSTRIAL PARK USING FARMLAND.
FORM 990, PAGE 6, PART VI, LINE 11BA COPY OF THE RETURN IS FORWARDED TO ALL BOARD MEMBERS BEFORE SUBMITTING.
FORM 990, PAGE 6, PART VI, LINE 19THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO ANY BOARD MEMBER.

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