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Iowa Area Development Group L C

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: Philanthropy, Voluntarism and Grantmaking Foundations / Community Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$399k (2024)

Expenses
$258k (2024)

Total Assets
$3.31M (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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$398,999
Expenses
$258,184
Net Income
$140,815
Net Assets
$3,310,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,089
0.5%
Program Services $223,397
56.0%
Investment Income $58,222
14.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $115,291
28.9%
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 $3,310,882
Total Liabilities $0
Net Assets $3,310,882
Compensation
Key Employees and Officers Compensation Related Other
Douglas H Aeilts (President) $0 $0 $0
Jacob Olberding (Vice President) $0 $0 $0
Bruce Nuzum (Ceo) $0 $262,913 $95,538
Matt Washburn (Secretary/Treasurer) $0 $0 $0
Ron Steinhoff (Director) $0 $0 $0
David Onken (Director) $0 $0 $0
Norm Major (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$293,982
Expenses
$78,444
Net Income
$215,538
Net Assets
$3,027,941
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,619
0.9%
Program Services $198,157
67.4%
Investment Income $53,738
18.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,468
13.4%
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 $3,027,941
Total Liabilities $0
Net Assets $3,027,941
Compensation
Key Employees and Officers Compensation Related Other
Douglas H Aeilts (President) $0 $0 $0
Ken Kuyper (Vice President) $0 $0 $0
Bruce Nuzum (Ceo/Secretary/Treasurer) $0 $248,903 $95,620
Matt Washburn (Director) $0 $0 $0
Ron Steinhoff (Director) $0 $0 $0
Marvin Newton (Director) $0 $0 $0
Paul Heineman (Director) $0 $0 $0
David Onken (Director) $0 $0 $0
Bill Cherrier (Director (Resigned May 2023)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$283,671
Expenses
$56,454
Net Income
$227,217
Net Assets
$2,528,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,310
0.8%
Program Services $202,451
71.4%
Investment Income $58,924
20.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $19,986
7.0%
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 $2,528,381
Total Liabilities $0
Net Assets $2,528,381
Compensation
Key Employees and Officers Compensation Related Other
Douglas H Aeilts (President) $0 $0 $0
Ken Kuyper (Vice President) $0 $0 $0
Bruce Nuzum (Ceo/Secretary/Treasurer) $0 $233,481 $88,745
Bill Cherrier (Director) $0 $0 $0
Matt Washburn (Director) $0 $0 $0
Ron Steinhoff (Director) $0 $0 $0
Marvin Newton (Director) $0 $0 $0
Paul Heineman (Director) $0 $0 $0
David Onken (Director) $0 $0 $0
Rand Fisher (Former Ceo (Retired January 31 2022)) $0 $61,532 $17,283

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$380,383
Expenses
$82,030
Net Income
$298,353
Net Assets
$2,684,124
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,868
0.8%
Program Services $195,662
51.4%
Investment Income $42,342
11.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $139,511
36.7%
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 $2,684,124
Total Liabilities $0
Net Assets $2,684,124
Compensation
Key Employees and Officers Compensation Related Other
Douglas H Aeilts (President) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Ken Kuyper (Vice President) $0 $0 $0
Bruce Nuzum (Treasurer) $0 $0 $0
Bill Cherrier (Director) $0 $0 $0
Matt Washburn (Director) $0 $0 $0
Bill Farmer (Director) $0 $0 $0
Marvin Newton (Director) $0 $0 $0
Paul Heineman (Director) $0 $0 $0
David Onken (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$217,531
Expenses
$61,313
Net Income
$156,218
Net Assets
$2,233,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,020
0.9%
Program Services $159,417
73.3%
Investment Income $35,298
16.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,796
9.6%
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 $2,233,218
Total Liabilities $0
Net Assets $2,233,218
Compensation
Key Employees and Officers Compensation Related Other
Douglas H Aeilts (President) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Ken Kuyper (Vice President) $0 $0 $0
Bruce Nuzum (Treasurer) $0 $0 $0
Bill Cherrier (Director) $0 $0 $0
Matt Washburn (Director) $0 $0 $0
Bill Farmer (Director) $0 $0 $0
Marvin Newton (Director) $0 $0 $0
Paul Heineman (Director) $0 $0 $0
David Onken (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,712
Expenses
$48,935
Net Income
$167,777
Net Assets
$1,917,938
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,843
3.6%
Program Services $162,035
74.8%
Investment Income $39,421
18.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,413
3.4%
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 $1,917,938
Total Liabilities $0
Net Assets $1,917,938
Compensation
Key Employees and Officers Compensation Related Other
Douglas H Aeilts (President) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Ken Kuyper (Vice President) $0 $0 $0
Bruce Nuzum (Treasurer) $0 $0 $0
Scott Stecher (Director) $0 $0 $0
Bill Cherrier (Director) $0 $0 $0
Matt Washburn (Director) $0 $0 $0
Bill Farmer (Director) $0 $0 $0
Marvin Newton (Director) $0 $0 $0
Paul Heineman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$246,406
Expenses
$57,514
Net Income
$188,892
Net Assets
$1,531,961
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,252
5.0%
Program Services $169,833
68.9%
Investment Income $30,263
12.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,058
13.8%
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 $1,538,211
Total Liabilities $6,250
Net Assets $1,531,961
Compensation
Key Employees and Officers Compensation Related Other
Douglas H Aeilts (President) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Ken Kuyper (Vice President) $0 $0 $0
Bruce Nuzum (Treasurer) $0 $0 $0
Scott Stecher (Director) $0 $0 $0
Bill Cherrier (Director) $0 $0 $0
Matt Washburn (Director) $0 $0 $0
Bill Farmer (Director) $0 $0 $0
Marvin Newton (Director) $0 $0 $0
Paul Heineman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,586
Expenses
$96,905
Net Income
$138,681
Net Assets
$1,515,105
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,504
6.6%
Program Services $148,491
63.0%
Investment Income $25,080
10.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $46,511
19.7%
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 $1,515,455
Total Liabilities $350
Net Assets $1,515,105
Compensation
Key Employees and Officers Compensation Related Other
Dennis Murdock (President 1/1/17 To 11/16/17) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Douglas H Aeilts (President 11/16/17 To 12/31/17) $0 $0 $0
Ken Kuyper (Vice President) $0 $0 $0
Bruce Nuzum (Treasurer) $0 $0 $0
Scott Stecher (Director) $0 $0 $0
Bill Cherrier (Director) $0 $0 $0
Matt Washburn (Director) $0 $0 $0
Bill Farmer (Director) $0 $0 $0
Marvin Newton (Director) $0 $0 $0
Paul Heineman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$211,508
Expenses
$54,429
Net Income
$157,079
Net Assets
$1,250,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,120
4.3%
Program Services $135,736
64.2%
Investment Income $20,224
9.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $46,428
22.0%
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 $1,250,365
Total Liabilities $0
Net Assets $1,250,365
Compensation
Key Employees and Officers Compensation Related Other
Dennis Murdock (Board Chair) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Ken Kuyper (Board Vice Chair) $0 $0 $0
Donald Feldman (Secretary/Treasurer) $0 $0 $0
Matt Washburn (Director) $0 $0 $0
Marvin Newton (Director) $0 $0 $0
Paul Heineman (Director) $0 $0 $0
Bruce Nuzum (Director) $0 $0 $0
Bill Farmer (Director) $0 $0 $0
Douglas H Aeilts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$181,662
Expenses
$29,736
Net Income
$151,926
Net Assets
$1,105,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,297
1.3%
Program Services $124,254
68.4%
Investment Income $22,495
12.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $32,616
18.0%
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 $1,105,915
Total Liabilities $0
Net Assets $1,105,915
Compensation
Key Employees and Officers Compensation Related Other
Dennis Murdock (President) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Kent Pauling (Vice President) $0 $0 $0
Bruce Nuzum (Treasurer) $0 $0 $0
Donald Feldman (Director) $0 $0 $0
David Hopkins (Director) $0 $0 $0
Allan Duffe (Director) $0 $0 $0
Ken Kuyper (Director) $0 $0 $0
Bill Farmer (Director) $0 $0 $0
Douglas H Aeilts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$162,849
Expenses
$27,667
Net Income
$135,182
Net Assets
$1,018,151
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,712
3.5%
Program Services $114,889
70.5%
Investment Income $20,088
12.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,160
13.6%
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 $1,018,151
Total Liabilities $0
Net Assets $1,018,151
Compensation
Key Employees and Officers Compensation Related Other
Dennis Murdock (President) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Kent Pauling (Vice President) $0 $0 $0
Bruce Nuzum (Treasurer) $0 $0 $0
Donald Feldman (Director) $0 $0 $0
David Hopkins (Director) $0 $0 $0
Allan Duffe (Director) $0 $0 $0
Ken Kuyper (Director) $0 $0 $0
Bill Farmer (Director) $0 $0 $0
Douglas H Aeilts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$165,953
Expenses
$36,201
Net Income
$129,752
Net Assets
$878,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,884
2.9%
Program Services $111,771
67.4%
Investment Income $12,569
7.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $36,729
22.1%
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 $878,674
Total Liabilities $0
Net Assets $878,674
Compensation
Key Employees and Officers Compensation Related Other
Dennis Murdock (President) $0 $0 $0
Rand Fisher (Chief Executive Officer) $0 $0 $0
Kent Pauling (Vice President) $0 $0 $0
Bruce Nuzum (Treasurer) $0 $0 $0
Donald Feldman (Director) $0 $0 $0
David Hopkins (Director) $0 $0 $0
Allan Duffe (Director) $0 $0 $0
Ken Kuyper (Director) $0 $0 $0
Vernon E Winterhof (Director) $0 $0 $0
Douglas H Aeilts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$128,301
Expenses
$33,085
Net Income
$95,216
Net Assets
$707,529
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,772
6.8%
Program Services $92,411
72.0%
Investment Income $27,118
21.1%
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 $707,529
Total Liabilities $0
Net Assets $707,529

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$120,616
Expenses
$25,634
Net Income
$94,982
Net Assets
$572,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,862
11.5%
Program Services $89,561
74.3%
Investment Income $17,193
14.3%
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 $572,009
Total Liabilities $0
Net Assets $572,009

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

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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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 »

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

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