Waverly Economic Development Co

Waverly, IA
Tax-exempt since Oct. 1986
EIN: 42-1263254

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Revenue

$17k (2024)

Expenses

$5.32k (2024)

Total Assets

$990k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$16,957

Expenses

$5,315

Net Income

$11,642

Net Assets

$990,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,120	59.7%
Investment Income	$6,837	40.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$990,023
Total Liabilities	$0
Net Assets	$990,023

Compensation

Key Employees and Officers	Compensation	Related	Other
Levi Epley (President)	$0	$0	$0
Luke Knutson (Vice President)	$0	$0	$0
Connie Tolan (Secretary)	$0	$0	$0
Chelsea Petersen (Treasurer)	$0	$0	$0
Steve Willemssen (Member)	$0	$0	$0
Adam Schaufenbuel (Member)	$0	$0	$0
Marv Schumacher (Member)	$0	$0	$0
Tom Griese (Member)	$0	$0	$0
Dan Wedemeier (Member)	$0	$0	$0

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990

Filed on July 25, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$17,987

Expenses

$531

Net Income

$17,456

Net Assets

$978,381

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,645	70.3%
Investment Income	$5,342	29.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$978,381
Total Liabilities	$0
Net Assets	$978,381

Compensation

Key Employees and Officers	Compensation	Related	Other
David Huber (President)	$0	$0	$0
Levi Epley (Vice President)	$0	$0	$0
Connie Tolan (Secretary)	$0	$0	$0
Travis Toliver (Treasurer)	$0	$0	$0
Marv Schumacher (Member)	$0	$0	$0
Darrel Wenzel (Member)	$0	$0	$0
Luke Knutson (Member)	$0	$0	$0
Tom Griese (Member)	$0	$0	$0
Ken Kammeyer (Member)	$0	$0	$0
Dan Wedemeier (Member)	$0	$0	$0

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990

Filed on June 10, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$14,906

Expenses

$6,150

Net Income

$8,756

Net Assets

$960,925

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,331	82.7%
Investment Income	$2,575	17.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$960,925
Total Liabilities	$0
Net Assets	$960,925

Compensation

Key Employees and Officers	Compensation	Related	Other
David Huber (President)	$0	$0	$0
Levi Epley (Vice President)	$0	$0	$0
Connie Tolan (Secretary)	$0	$0	$0
Travis Toliver (Treasurer)	$0	$0	$0
Marv Schumacher (Member)	$0	$0	$0
Darrel Wenzel (Member)	$0	$0	$0
Luke Knutson (Member)	$0	$0	$0
Tom Griese (Member)	$0	$0	$0
Ken Kammeyer (Member)	$0	$0	$0
Dan Wedemeier (Member)	$0	$0	$0

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990

Filed on Feb. 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$16,529

Expenses

$105,689

Net Income

-$89,160

Net Assets

$951,533

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,014	90.8%
Investment Income	$1,515	9.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,052,018
Total Liabilities	$100,485
Net Assets	$951,533

Compensation

Key Employees and Officers	Compensation	Related	Other
David Huber (President)	$0	$0	$0
Levi Epley (Vice President)	$0	$0	$0
Connie Tolan (Secretary)	$0	$0	$0
Travis Toliver (Treasurer)	$0	$0	$0
Marv Schumacher (Member)	$0	$0	$0
Darrel Wenzel (Member)	$0	$0	$0
Luke Knutson (Member)	$0	$0	$0
Tom Griese (Member)	$0	$0	$0
Ken Kammeyer (Member)	$0	$0	$0
Dan Wedemeier (Member)	$0	$0	$0

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990

Filed on Sept. 8, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$20,907

Expenses

$26,572

Net Income

-$5,665

Net Assets

$1,040,614

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$19,635	93.9%
Investment Income	$1,272	6.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,150,612
Total Liabilities	$109,998
Net Assets	$1,040,614

Compensation

Key Employees and Officers	Compensation	Related	Other
David Huber (President)	$0	$0	$0
Levi Epley (Vice President)	$0	$0	$0
Connie Tolan (Secretary)	$0	$0	$0
Travis Toliver (Treasurer)	$0	$0	$0
Marv Schumacher (Member)	$0	$0	$0
Darrel Wenzel (Member)	$0	$0	$0
Luke Knutson (Member)	$0	$0	$0
Tom Griese (Member)	$0	$0	$0
Ken Kammeyer (Member)	$0	$0	$0
Dan Wedemeier (Member)	$0	$0	$0

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990

Filed on July 21, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$16,895

Expenses

$5,884

Net Income

$11,011

Net Assets

$1,046,279

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,654	86.7%
Investment Income	$2,241	13.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,165,695
Total Liabilities	$119,416
Net Assets	$1,046,279

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$15,756

Expenses

$5,709

Net Income

$10,047

Net Assets

$1,035,268

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,117	95.9%
Investment Income	$639	4.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,164,011
Total Liabilities	$128,743
Net Assets	$1,035,268

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$16,034

Expenses

$5,562

Net Income

$10,472

Net Assets

$1,025,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,803	98.6%
Investment Income	$231	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,163,195
Total Liabilities	$137,974
Net Assets	$1,025,221

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$17,073

Expenses

$14,769

Net Income

$2,304

Net Assets

$1,014,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,377	90.1%
Investment Income	$1,696	9.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,161,864
Total Liabilities	$147,115
Net Assets	$1,014,749

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$17,255

Expenses

$6,587

Net Income

$10,668

Net Assets

$1,012,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,294	82.8%
Investment Income	$2,961	17.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,168,611
Total Liabilities	$156,166
Net Assets	$1,012,445

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$21,840

Expenses

$28,215

Net Income

-$6,375

Net Assets

$1,001,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,500	16.0%
Program Services	$16,579	75.9%
Investment Income	$1,761	8.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,166,904
Total Liabilities	$165,127
Net Assets	$1,001,777

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$24,130

Expenses

$8,391

Net Income

$15,739

Net Assets

$1,034,152

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,500	10.4%
Program Services	$19,098	79.1%
Investment Income	$2,532	10.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,208,152
Total Liabilities	$174,000
Net Assets	$1,034,152

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$26,606

Expenses

$8,887

Net Income

$17,719

Net Assets

$1,018,413

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,500	13.2%
Program Services	$19,679	74.0%
Investment Income	$3,427	12.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,201,198
Total Liabilities	$182,785
Net Assets	$1,018,413

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$40,471

Expenses

$5,034

Net Income

$35,437

Net Assets

$1,000,694

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$33,240	82.1%
Investment Income	$7,231	17.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,192,176
Total Liabilities	$191,482
Net Assets	$1,000,694

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Waverly Economic Development Co

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $17k (2024)

Expenses $5.32k (2024)

Total Assets $990k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$17k (2024)

Expenses

$5.32k (2024)

Total Assets

$990k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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