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Iec Hotel Corporation

  • Wdm, IA
  • Tax-exempt since Nov. 2015
  • EIN: 47-4344802

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$24.1M (2023)

Expenses
$22.8M (2023)

Total Assets
$103M (2023)

Total Liabilities
$97.9M (2023)

Source: Form 990 tax filings from 2015 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,126,745
Expenses
$22,753,691
Net Income
$1,373,054
Net Assets
$5,096,671
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,887,220
7.8%
Program Services $21,782,834
90.3%
Investment Income $456,691
1.9%
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 $103,029,520
Total Liabilities $97,932,849
Net Assets $5,096,671
Compensation
Key Employees and Officers Compensation Related Other
Gerard D Neugent (President) $0 $0 $0
Michael Galloway (Vice President) $0 $0 $0
Allen Mckinley (Treasurer) $0 $0 $0
Adam Kaduce (Secretary) $0 $0 $0
Grant Friesth (Director) $0 $0 $0
Annette Renaud (Director) $0 $0 $0
Mark Wandro (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 12, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,731,284
Expenses
$21,136,960
Net Income
$594,324
Net Assets
$3,781,553
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,935,426
8.9%
Program Services $19,680,323
90.6%
Investment Income $115,535
0.5%
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 $104,696,364
Total Liabilities $100,914,811
Net Assets $3,781,553
Compensation
Key Employees and Officers Compensation Related Other
Gerard D Neugent (President) $0 $0 $0
Michael Galloway (Vice President) $0 $0 $0
Adam Kaduce (Secretary) $0 $0 $0
Allen Mckinley (Treasurer) $0 $0 $0
Grant Friesth (Director) $0 $0 $0
Annette Renaud (Director) $0 $0 $0
Mark Wandro (Director) $0 $0 $0
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Document Links

990
Filed on Sept. 21, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,531,928
Expenses
$18,297,914
Net Income
-$1,765,986
Net Assets
-$624,041
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,592,955
21.7%
Program Services $12,936,641
78.3%
Investment Income $2,332
0.0%
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 $103,529,195
Total Liabilities $104,153,236
Net Assets -$624,041
Compensation
Key Employees and Officers Compensation Related Other
Gerard D Neugent (President) $0 $0 $0
Michael Galloway (Vice President) $0 $0 $0
Adam Kaduce (Treasurer) $0 $0 $0
Grant Friesth (Secretary) $0 $0 $0
Allen Mckinley (Director) $0 $0 $0
Annette Renaud (Director) $0 $0 $0
Mark Wandro (Director) $0 $0 $0
Deb Anderson (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 9, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,998,002
Expenses
$17,194,423
Net Income
-$9,196,421
Net Assets
-$750,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $755,000
9.4%
Program Services $7,222,282
90.3%
Investment Income $20,720
0.3%
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 $102,427,316
Total Liabilities $103,177,526
Net Assets -$750,210
Compensation
Key Employees and Officers Compensation Related Other
Gerard D Neugent (President) $0 $0 $0
Michael Galloway (Vice President) $0 $0 $0
Adam Kaduce (Treasurer) $0 $0 $0
Grant Friesth (Secretary) $0 $0 $0
Allen Mckinley (Director) $0 $0 $0
Bonnie Campbell (Director (Until 07/20)) $0 $0 $0
Annette Renaud (Director) $0 $0 $0
Deb Anderson (Director (Since 09/20)) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,403,080
Expenses
$23,331,723
Net Income
-$2,928,643
Net Assets
$10,472,935
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,618,333
7.9%
Program Services $18,682,262
91.6%
Investment Income $102,485
0.5%
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 $108,611,835
Total Liabilities $98,138,900
Net Assets $10,472,935
Compensation
Key Employees and Officers Compensation Related Other
Gerard D Neugent (President) $0 $0 $0
Michael Galloway (Vice President) $0 $0 $0
Adam Kaduce (Treasurer) $0 $0 $0
Grant Friesth (Secretary) $0 $0 $0
Allen Mckinley (Director) $0 $0 $0
Bonnie Campbell (Director) $0 $0 $0
Annette Renaud (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 12, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,457,975
Expenses
$14,730,292
Net Income
$19,727,683
Net Assets
$17,645,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,424,141
65.1%
Program Services $11,947,398
34.7%
Investment Income $86,436
0.3%
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 $112,582,696
Total Liabilities $94,937,662
Net Assets $17,645,034
Compensation
Key Employees and Officers Compensation Related Other
Gerard D Neugent (President) $0 $0 $0
Michael Galloway (Vice President) $0 $0 $0
Adam Kaduce (Treasurer) $0 $0 $0
Grant Friesth (Secretary) $0 $0 $0
Allen Mckinley (Director) $0 $0 $0
Bonnie Campbell (Director) $0 $0 $0
Annette Renaud (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$57,656
Net Income
-$57,656
Net Assets
-$674,926
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
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 $6,462
Total Liabilities $681,388
Net Assets -$674,926
Compensation
Key Employees and Officers Compensation Related Other
Gerard D Neugent (President) $0 $0 $0
Michael Galloway (Vice President) $0 $0 $0
Adam Kaduce (Treasurer) $0 $0 $0
Grant Friesth (Secretary) $0 $0 $0
Allen Mckinley (Director) $0 $0 $0
Bonnie Campbell (Director) $0 $0 $0
Annette Renaud (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 9, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$296,537
Net Income
-$296,537
Net Assets
-$617,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
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 $3,226
Total Liabilities $620,496
Net Assets -$617,270
Compensation
Key Employees and Officers Compensation Related Other
Gerard D Neugent (President) $0 $0 $0
Michael Galloway (Vice President) $0 $0 $0
Susan Voss (Secretary) $0 $0 $0
Adam Kaduce (Treasurer) $0 $0 $0
Cynthia Eisenhauer (Director) $0 $0 $0
Allen Mckinley (Director) $0 $0 $0
Grant Friesth (Director) $0 $0 $0
Bonnie Campbell (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 7, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,934
Expenses
$20,934
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,934
100%
Program Services $0
Investment Income $0
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
Total Liabilities $0
Net Assets $1

Document Links

990

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

PDF

About 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.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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