KEOKUK ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
KEOKUK ECONOMIC DEVELOPMENT CORPORATION (EIN 42-1018928)
Tax period
2024-07-01 to 2025-06-30
Filed
2025-10-29
IRS object ID
202543029349302014
Schema version
2024v5.0
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)
Return2025-10-29T14:17:46-04:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

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 Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

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)
PersonKERRY KLEPFERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3195244223PhoneNum
Signature2025-10-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANN M MENKEPreparerPersonNm
PTINP01058142PTIN
Phone3198376042PhoneNum
Preparation2025-10-28PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKERRY KLEPFERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 BLONDEAU ST SUITE 3AddressLine1Txt
CityKEOKUKCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52632ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$251,619GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1969FormationYr
Legal Domicile StateIALegalDomicileStateCd
Activity Or MissionECONOMIC DEVELOPMENT FOR KEOKUK, IA AND SURROUNDING COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$70,000PYContributionsGrantsAmt
CY Contributions Grants$70,000CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,786PYInvestmentIncomeAmt
CY Investment Income$2,745CYInvestmentIncomeAmt
PY Other Revenue$20,264PYOtherRevenueAmt
CY Other Revenue$62,305CYOtherRevenueAmt
PY Total Revenue$93,050PYTotalRevenueAmt
CY Total Revenue$135,050CYTotalRevenueAmt
CY Grants And Similar Paid$31,000CYGrantsAndSimilarPaidAmt
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$17,370PYOtherExpensesAmt
CY Other Expenses$32,950CYOtherExpensesAmt
PY Total Expenses$17,370PYTotalExpensesAmt
CY Total Expenses$63,950CYTotalExpensesAmt
PY Revenues Less Expenses$75,680PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$71,100CYRevenuesLessExpensesAmt
Total Assets BOY$615,420TotalAssetsBOYAmt
Total Assets EOY$637,642TotalAssetsEOYAmt
Total Liabilities BOY$303,052TotalLiabilitiesBOYAmt
Total Liabilities EOY$254,174TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$312,368NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$383,468NetAssetsOrFundBalancesEOYAmt
MissionECONOMIC DEVELOPMENT FOR KEOKUK, IA AND SURROUNDING COMMUNITY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$62,250ExpenseAmt
Grant$31,000GrantAmt
DescTHE 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.Desc
Total Program Service Expenses$62,250TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
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 OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
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
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
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 Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
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 BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKERRY KLEPFERPersonNm
Phone3195246921PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 BLONDEAU ST SUITE 3AddressLine1Txt
CityKEOKUKCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52632ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ERIKA BARRETT
DIRECTORYes (X)$0$0$0
EMILY BENJAMIN
DIRECTORYes (X)$0$0$0
DAVE BOGNER
SECRETARYYes (X)$0$0$0Yes (X)
BRIAN CARROLL
DIRECTORYes (X)$0$0$0
SUSAN DUNEK
DIRECTORYes (X)$0$0$0
JAMES FERNEAU
DIRECTORYes (X)$0$0$0
MIKE HICKEY
DIRECTORYes (X)$0$0$0
JOSH KIRCHNER
DIRECTORYes (X)$0$0$0
KERRY KLEPFER
PRESIDENTYes (X)$0$0$0Yes (X)
KATHIE MAHONEY
DIRECTORYes (X)$0$0$0
DOUG MATLICK
DIRECTORYes (X)$0$0$0
KAY SACKVILLE
DIRECTORYes (X)$0$0$0
BARB SMIDT
TREASURERYes (X)$0$0$0Yes (X)
RICHARD WEST
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$70,000AllOtherContributionsAmt
Total Contributions$70,000TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,745TotalRevenueColumnAmt
Exclusion$2,745ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$178,874RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$116,569RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$62,305RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$62,305TotalRevenueColumnAmt
Exclusion$62,305ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$135,050TotalRevenueColumnAmt
Exclusion$65,050ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$31,000TotalAmt
Program Services$31,000ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$850TotalAmt
Management And General$850ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$850TotalAmt
Management And General$850ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescADMINSTRATION-OTHERDesc
Total$31,250TotalAmt
Program Services$31,250ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$63,950TotalAmt
Program Services$62,250ProgramServicesAmt
Management And General$1,700ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$21,382BOYAmt
EOY$54,398EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$54,318BOYAmt
EOY$56,900EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$539,720LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$13,376LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$539,720BOYAmt
EOY$526,344EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$615,420BOYAmt
EOY$637,642EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$303,052BOYAmt
EOY$254,174EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$303,052BOYAmt
EOY$254,174EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$312,368BOYAmt
EOY$383,468EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$312,368BOYAmt
EOY$383,468EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$615,420BOYAmt
EOY$637,642EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$71,100ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

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$72,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$20,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$130,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,000CurrentTaxYearMinus1YearAmt
Current Tax Year$70,000CurrentTaxYearAmt
Total$362,500TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$53CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$14CurrentTaxYearMinus2YearsAmt
Total$67TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$72,553CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$20,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$130,014CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,000CurrentTaxYearMinus1YearAmt
Current Tax Year$70,000CurrentTaxYearAmt
Total$362,567TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$362,567PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,242CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,367CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,458CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$33,761CurrentTaxYearMinus1YearAmt
Current Tax Year$181,619CurrentTaxYearAmt
Total$240,447TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,242CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,367CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,458CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$33,761CurrentTaxYearMinus1YearAmt
Current Tax Year$181,619CurrentTaxYearAmt
Total$240,447TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$74,795CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,367CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$149,472CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$103,761CurrentTaxYearMinus1YearAmt
Current Tax Year$251,619CurrentTaxYearAmt
Total$603,014TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.60130PublicSupportCY509Pct
Public Support PY5090.85280PublicSupportPY509Pct
Investment Income CY0.40000InvestmentIncomeCYPct
Investment Income PY0.15000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests PY509Yes (X)ThirtyThrPctSuprtTestsPY509Ind

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 D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,075OtherCostOrOtherBasisAmt
Book Value$18,075BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$521,645OtherCostOrOtherBasisAmt
Depreciation$13,376DepreciationAmt
Book Value$508,269BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$526,344TotalBookValueLandBuildingsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1LEE COUNTY ECONOMIC DEV CORPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1058AddressLine1Txt
CityKEOKUKCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52632ZIPCd
FieldValueIRS element (for citing)
Recipient EIN043605260RecipientEIN
Cash Grant$31,000CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE AVAILABLE UPON REQUEST.

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