KEOKUK ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
KEOKUK ECONOMIC DEVELOPMENT CORPORATION (EIN 42-1018928)
Tax period
2025-07-01 to 2026-06-30
Filed
2026-09-02
IRS object ID
202622459349301512
Schema version
2025v4.0
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)
Return2026-09-02T14:14:00-04:00ReturnTs
Tax Period End2026-06-30TaxPeriodEndDt

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 Begin2025-07-01TaxPeriodBeginDt

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)
PersonDAVID BOGNERPersonNm
Person TitleSECRETARY/TREASURERPersonTitleTxt
Phone3195245285PhoneNum
Signature2026-08-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKRISTY M ADAMSPreparerPersonNm
PTINP00976588PTIN
Phone3198376042PhoneNum
Preparation2026-08-27PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr

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$292,470GrossReceiptsAmt
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 Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$70,000PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,745PYInvestmentIncomeAmt
CY Investment Income-$257,444CYInvestmentIncomeAmt
PY Other Revenue$62,305PYOtherRevenueAmt
CY Other Revenue$3,096CYOtherRevenueAmt
PY Total Revenue$135,050PYTotalRevenueAmt
CY Total Revenue-$254,348CYTotalRevenueAmt
PY Grants And Similar Paid$31,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,000CYGrantsAndSimilarPaidAmt
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$32,950PYOtherExpensesAmt
CY Other Expenses$19,275CYOtherExpensesAmt
PY Total Expenses$63,950PYTotalExpensesAmt
CY Total Expenses$20,275CYTotalExpensesAmt
PY Revenues Less Expenses$71,100PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$274,623CYRevenuesLessExpensesAmt
Total Assets BOY$637,642TotalAssetsBOYAmt
Total Assets EOY$108,845TotalAssetsEOYAmt
Total Liabilities BOY$254,174TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$383,468NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$108,845NetAssetsOrFundBalancesEOYAmt
MissionECONOMIC DEVELOPMENT FOR KEOKUK, IA AND SURROUNDING COMMUNITY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$18,500ExpenseAmt
Grant$1,000GrantAmt
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$18,500TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
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 OrganizationsfalseGrantsToOrganizationsInd
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 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 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)
PersonDAVID BOGNERPersonNm
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 (10 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DAVID BOGNER
SECRETARY/TRYes (X)Yes (X)$0$0$0
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)Yes (X)$0$0$0
DOUG MATLICK
DIRECTORYes (X)$0$0$0
KAY SACKVILLE
DIRECTORYes (X)$0$0$0
GARY SEYB
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$2,932TotalRevenueColumnAmt
Exclusion$2,932ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$43,874RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$40,778RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$3,096RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,096TotalRevenueColumnAmt
Exclusion$3,096ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$245,664OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$506,040OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$260,376OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$260,376TotalRevenueColumnAmt
Related Or Exempt Func Income-$260,376RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$254,348TotalRevenueColumnAmt
Related Or Exempt Func Income-$260,376RelatedOrExemptFuncIncomeAmt
Exclusion$6,028ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,000TotalAmt
Program Services$1,000ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$875TotalAmt
Management And General$875ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$900TotalAmt
Management And General$900ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescADMINSTRATION-OTHERDesc
Total$17,500TotalAmt
Program Services$17,500ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$20,275TotalAmt
Program Services$18,500ProgramServicesAmt
Management And General$1,775ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$54,398BOYAmt
EOY$31,012EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$56,900BOYAmt
EOY$59,758EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$18,075LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$526,344BOYAmt
EOY$18,075EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$637,642BOYAmt
EOY$108,845EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$254,174BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$254,174BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$383,468BOYAmt
EOY$108,845EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$383,468BOYAmt
EOY$108,845EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$637,642BOYAmt
EOY$108,845EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$274,623ReconcilationRevenueExpnssAmt
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$20,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$130,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$70,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,000CurrentTaxYearMinus1YearAmt
Total$290,000TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$14CurrentTaxYearMinus3YearsAmt
Total$14TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$130,014CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$70,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,000CurrentTaxYearMinus1YearAmt
Total$290,014TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$290,014PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,367CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,458CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$33,761CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$181,619CurrentTaxYearMinus1YearAmt
Current Tax Year$46,806CurrentTaxYearAmt
Total$285,011TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,367CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,458CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$33,761CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$181,619CurrentTaxYearMinus1YearAmt
Current Tax Year$46,806CurrentTaxYearAmt
Total$285,011TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23,367CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$149,472CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$103,761CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$251,619CurrentTaxYearMinus1YearAmt
Current Tax Year$46,806CurrentTaxYearAmt
Total$575,025TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.50440PublicSupportCY509Pct
Public Support PY5090.60130PublicSupportPY509Pct
Investment Income CY0.50000InvestmentIncomeCYPct
Investment Income PY0.40000InvestmentIncomePYPct
Private Foundation509Yes (X)PrivateFoundation509Ind

Schedule D IRS990ScheduleD

Land LandGrp

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

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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