Iowa Area Development Group Lc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421432150 ✦ Des moines, IA ✦ Designated as a 501(c)(6)

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Overview

What is Iowa Area Development Group Lc?

Iowa Area Development Group Lc is a nonprofit organization situated in Des Moines, Iowa, specifically at 2600 Grand Avenue 430. Their primary mission is to foster business and community development initiatives in rural areas of Iowa, benefiting their utility members, economic development partners, and the communities they serve. They promote projects and strategies to encourage business growth, create job opportunities, and attract investments to these regions. The organization has a team of nine dedicated individuals working towards these objectives.


Official website here: www.iadg.com

Is Iowa Area Development Group Lc legitimate?

Iowa Area Development Group Lc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Iowa Area Development Group Lc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $534,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,001

For more financial information, click here


Official website here: www.iadg.com

What is the mission statement of Iowa Area Development Group Lc?

The Iowa Area Development Group's mission is centered around advancing business and community development projects and strategies in rural areas. This is done on behalf of their utility members, economic development partners, and the communities they serve. Their primary objective is to promote locations and community assets within their member's areas, thereby facilitating business expansions that provide job opportunities and attract investment to these rural areas.


Official website here: www.iadg.com

Who is the CEO of Iowa Area Development Group Lc?

Bruce Nuzum is the Board Chairman of Iowa Area Development Group Lc. The CEO's salary of Iowa Area Development Group Lc is $61,532 and their total compensation is $78,815.


Official website here: www.iadg.com

What is the revenue of Iowa Area Development Group Lc?

Iowa Area Development Group Lc's revenue in 2022 was $2,307,769.


Official website here: www.iadg.com

Who are the executives of Iowa Area Development Group Lc and what are their salaries?

The average compensation at Iowa Area Development Group Lc during 2022 was $98,608. There are 9 employees at Iowa Area Development Group Lc.


Here are 12 key members and their salaries (Iowa Area Development Group Lc's CEO's salary is $61,532 and their total compensation is $78,815):


Douglas Aeilts (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Kuyper (Board Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Cherrier (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Washburn (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Steinhoff (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Heineman (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marvin Newton (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Onken (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Nuzum (Chief Executive Officer)
  • Compensation: $233,481
  • Related: $0
  • Other: $88,745
Rand Fisher (Former Ceo (Retired January 31, 2022))
  • Compensation: $61,532
  • Related: $0
  • Other: $17,283
Bruce Hanson (Vice President-Bus. Development)
  • Compensation: $137,655
  • Related: $0
  • Other: $64,638
Kay Snyder (Director-Mktg & Communication)
  • Compensation: $101,807
  • Related: $0
  • Other: $51,498


Official website here: www.iadg.com

Where can I find the form 990 for Iowa Area Development Group Lc?

Iowa Area Development Group Lc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iadg.com

Learn more at the official website: www.iadg.com

Mission Statement of Iowa Area Development Group Lc

Iowa Area Development Group, a nonprofit organization, is dedicated to advancing business and community development projects and strategies in rural areas. Their mission is to serve their utility members, economic development partners, and the communities they represent by promoting locations and community assets. This initiative facilitates business expansions, leading to the creation of job opportunities and attracting investment to these rural areas. In essence, Iowa Area Development Group is a driving force in stimulating economic growth and development in rural Iowa.

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Impact




October, 2024

Iowa Area Development Group Lc plays a vital role in enhancing the economic landscape of rural Iowa. By advancing business and community development projects, the organization significantly contributes to job creation and attracts investment in these areas. This fosters growth and sustainability, improving the quality of life for residents.

The group's efforts focus on promoting local locations and community assets, which not only facilitates business expansions but also strengthens the overall economy. Their work involves collaboration with utility members and economic development partners, ensuring that communities benefit from a strategic approach to development.

Through these initiatives, Iowa Area Development Group Lc helps to build a more robust economy in rural Iowa, empowering communities to thrive and remain competitive in a rapidly changing world.




This information is meant to be a general summary of Iowa Area Development Group Lc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,307,769 (2022)
Expenses
$1,880,567 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,142
  • Program Service Revenue: $2,303,627
  • Gross Receipts: $2,307,769

Assets and Liabilities:

  • Total Assets: $2,635,167
  • Total Liabilities: $1,632,419
  • Net Assets: $1,002,748

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP INCOME

Revenue

$2,001,784

AUREON SERVICES CONTRA

Revenue

$247,801

IMPLEMENTATION/ADMIN F

Revenue

$34,042

OTHER INCOME

Revenue

$20,000

Organization Details

Founding Year

1994

Principal Officer

Bruce Nuzum

Main Address

2600 GRAND AVENUE 430, DES MOINES, IA, 50312

NTEE Category

Code: S40 - Community improvement

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