KEOKUK ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
KEOKUK ECONOMIC DEVELOPMENT CORPORATION (EIN 42-1018928)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-09-02
IRS object ID
202002469349201005
Schema version
2019v5.0
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)
Return2020-09-02T15:31:06-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

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 Begin2019-07-01TaxPeriodBeginDt

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
Signature2020-08-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAURA A MENKEPreparerPersonNm
PTINP00182503PTIN
Phone3198376042PhoneNum
Preparation2020-08-28PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address192.119.236.34IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-09-02IPDt
IP Tm15:31:06IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id6F24FF0E4068E184B7DE8E6C19CCC575894D1C7CAtSubmissionCreationDeviceId
At Submission Filing Device Id57108FC67B80C19813AA0FA641A47822ADA342F4AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2020-11-19 02:30:22ZBuildTS

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$91,839GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$85,407ContributionsGiftsGrantsEtcAmt
Investment Income$6,432InvestmentIncomeAmt
Total Revenue$91,839TotalRevenueAmt
Grants And Similar Amounts Paid$86,447GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$525FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$7,709OtherExpensesTotalAmt
Total Expenses$94,681TotalExpensesAmt
Excess Or Deficit For Year-$2,842ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$260,120NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$257,278NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$242,045BOYAmt
EOY$239,203EOYAmt

Land And Buildings LandAndBuildingsGrp

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

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$260,120BOYAmt
EOY$257,278EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$260,120BOYAmt
EOY$257,278EOYAmt
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$86,447GrantsAndAllocationsAmt
Program Service Expenses$88,092ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$88,092TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (13 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
ANDREA ROGERS
PRESIDENT2.00$0
SUSAN DUNEK
VICE PRESIDE1.00$0
KERRY KLEPFER
SECRETARY1.00$0
BARB SMIDT
TREASURER1.00$0
MIKE HICKEY
DIRECTOR1.00$0
COLE O'DONNELL
DIRECTOR1.00$0
DEBORAH WRIGHT
DIRECTOR1.00$0
RON SCHMITT
DIRECTOR1.00$0
GARY FOLLUO
DIRECTOR1.00$0
BRIAN CARROLL
DIRECTOR1.00$0
TOM RICHARDSON
DIRECTOR1.00$0
NANCY SNAADT
DIRECTOR1.00$0
TIM EWING
DIRECTOR1.00$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 Minus2 Years$10,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$75,010CurrentTaxYearMinus1YearAmt
Current Tax Year$85,407CurrentTaxYearAmt
Total$170,417TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$10,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$75,010CurrentTaxYearMinus1YearAmt
Current Tax Year$85,407CurrentTaxYearAmt
Total$170,417TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$170,417PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,617CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,928CurrentTaxYearMinus1YearAmt
Current Tax Year$6,432CurrentTaxYearAmt
Total$11,977TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,617CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,928CurrentTaxYearMinus1YearAmt
Current Tax Year$6,432CurrentTaxYearAmt
Total$11,977TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$12,617CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$77,938CurrentTaxYearMinus1YearAmt
Current Tax Year$91,839CurrentTaxYearAmt
Total$182,394TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.93430PublicSupportCY509Pct
Public Support PY5090.93880PublicSupportPY509Pct
Investment Income CY0.07000InvestmentIncomeCYPct
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: 36,447 NAME: KEOKUK AREA CHAMBER OF COMMERCE ADDRESS: 511 BLONDEAU ST 3 KEOKUK, IA 52632 CASH CONTRIBUTION: 23,750 NAME: IISC ADDRESS: 782 VAN ALLEN HALL IOWA CITY, IA 52242 CASH CONTRIBUTION: 26,250
FORM 990-EZ, PART I, LINE 16KINDUSTRY PARK TAXES AND LICENSES 214 EXPENSES ADVERTISING AND PROMOTION 5,000 CONFERENCES AND MEETINGS 1,638 INSURANCE 850 MISCELLANEOUS 7 TOTAL 7,709
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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