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TIPTON ECONOMIC DEVELOPMENT CORP

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Public IRS 990 nonprofit record

TIPTON ECONOMIC DEVELOPMENT CORP

EIN 42-1278185 · Community Coalitions (S21)

What they do

THE TIPTON ECONOMIC DEVELOPMENT CORPORATION WAS CREATED for MARKETING THE CITY of TIPTON AS A GOOD PLACE for A COMPANY to LOCATE or EXPAND. THE ORGANIZATION WORKS TOGETHER WITH CITY of TIPTON OFFICIALS to GATHER and COLLATE INFORMATION REGARDING INFRASTRUCTURE, SITE AVAILABILITY and PRICING, COMPARATIVE WAGE SCALES and SIMILAR FACTS ABOUT OUR COMMUNITY to PRESENT to INDUSTRIAL DEVELOPMENT PROSPECTS. THE ORGANIZATION ALSO WORKS WITH CITY OFFICIALS to BRING AVAILABLE LAND UNDER CONTROL SO THEY CAN MARKET THE LAND to PROSPECTS AT AN ATTRACTIVE PRICE AS OPPOSED to DEALING WITH INFLATED PRICES THAT INDIVIDUAL LANDOWNERS MIGHT CHARGE.WE ALSO COORDINATE WITH CITY OFFICIALS to PRESENT AVAILABLE INCENTIVES SUCH AS LAND TAX ABATEMENT and TAX INCREMENT FINANCING. MEMBERS of OUR ORGANIZATION ARE ALSO AVAILABLE to GIVE COMMUNITY TOURS and OTHER MARKETING FUNCTIONS NEEDED to ATTRACT BUSINESSES to OUR COMMUNITY. OUR ORGANIZATION HAS TAKEN THE STEPS REQUIRED to BECOME A SHOVEL READY CERTIFIED SITE to

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $50.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

1.05%of revenue went to mission work50.0% of expenses · Program services
$168.75spent for every $100 of revenueSpending was higher than revenue this year.
1.05%of revenue went to management and office costs50.0% of expenses

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,649 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$114,821
Mission workProgram services$1,2001.05% of revenue50.0% of expenses
ManagementOffice and general costs$1,2001.05% of revenue50.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$112,42197.91% of revenueShown in gray on the chart
Total expenses$2,4002.09% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 50.0% mission · 50.0% management · 0.0% fundraisingTotal expenses: 2.09% of revenue
2023Expense mix: 92.9% mission · 7.1% management · 0.0% fundraisingRevenue comparison unavailable
2022Expense mix: 94.4% mission · 5.6% management · 0.0% fundraisingTotal expenses: 59.87% of revenue
2021Expense mix: 94.8% mission · 5.2% management · 0.0% fundraisingTotal expenses: 208.53% of revenue
2020Expense mix: 95.8% mission · 4.2% management · 0.0% fundraisingTotal expenses: 319.97% of revenue
2019Expense mix: 95.6% mission · 4.4% management · 0.0% fundraisingTotal expenses: 251.01% of revenue
2018Expense mix: 96.7% mission · 3.3% management · 0.0% fundraisingTotal expenses: 134.27% of revenue
2017Expense mix: 90.5% mission · 9.5% management · 0.0% fundraisingTotal expenses: 441.09% of revenue

Money in and money out

Revenue$3,853
Expenses$6,502
Annual shortfall $2,649 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,200 · 18.5% of expenses
Management and office costs$1,200 · 18.5% of expenses
See all reported dollar amounts
Revenue$3,853
Expenses$6,502
Mission work (program services)$1,200
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (8)

BRUCE CARYDIRECTOR

DARLA KILBURGDIRECTOR

DUANE WEBBDIRECTOR

LESLEY PUFFERTREASURER

NIC WEERSDIRECTOR

RENEE CROCKSECRETARY

SCOTT PEARSONDIRECTOR

STUART CLARKPRESIDENT

About this charity

Recognized since
April 2002
Location
407 LYNN ST, TIPTON, IA 527721633
County
Cedar
In care of
STUART CLARK
Primary officer
STUART CLARK, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990EZ
Tax preparer
LATTAHARRIS LLP
NTEE classification
Community Coalitions (S21)
IRS tax category
Community Coalitions

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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