NonprofitsIowa Area Development Group L C

Iowa Area Development Group L C

DES MOINES, IA

Total revenue

$1.8M

Total expenses

$1.8M

Net assets

$1.4M

Grants received

EIN

421432150

Tax year

2024

Mission

It is the mission of iowa area development group to advance business and community development projects and strategies in rural iowa on behalf of our utility members, economic development partners and the communities we serve.

Programs

2 programs

Provide technical assistance which allows access to loan, grant and other financial programs to assist economic development efforts on behalf of rural communities, businesses, and member utilities.

Conduct educational, training events, and recognition programs to build local capacity in rural iowa.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.7M
Investment income$56K
Other revenue
Total revenue$1.8M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising
Other expenses$554K
Total expenses$1.8M
Total assets$3.4M
Net assets$1.4M

People

12 listed

NameRoleCompensation

BRUCE NUZUM

CHIEF EXECUTIVE OFFICER

Board

$263K

40 hrs/wk

NORM MAJOR

BOARD DIRECTOR

Board

1 hrs/wk

DAVID ONKEN

BOARD DIRECTOR

Board

1 hrs/wk

RON STEINHOFF

BOARD DIRECTOR

Board

1 hrs/wk

MATT WASHBURN

BOARD TREASURER/SECRETARY

Board

1 hrs/wk

JACOB OLBERDING

BOARD VICE CHAIRMAN

Board

1 hrs/wk

DOUGLAS AEILTS

BOARD CHAIRMAN

Board

1 hrs/wk

BRUCE HANSEN

VICE PRESIDENT-BUS. DEVELO

Staff

$148K

40 hrs/wk

BRIAN TAPP

VICE PRESIDENT-ADDED AGRIC

Staff

$126K

40 hrs/wk

ETHAN GRIFFIN PITT

VICE PRESIDENT-COMMUNITY I

Staff

$117K

40 hrs/wk

STEVE BENNE

VICE PRESIDENT-DEV. FINANCE

Staff

$111K

40 hrs/wk

SUZANNE WILHITE

SR. MANAGER, ACCOUNTING & HUMAN RESOURCES

Staff

$100K

40 hrs/wk

Details

EIN421432150
Subsection06
Ruling date2021-09
Formed1994
Employees7
Volunteers0
IOWA AREA DEVELOPMENT GROUP L C — Mission, Financials & Grants Received | Grantivo