Worth County Development Authority

Organization Overview

Worth County Development Authority is located in Northwood, IA. The organization was established in 2006. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Worth County Development Authority employed 3 individuals. This organization is the central organization for a national or regional group of organizations. Worth County Development Authority is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2022, Worth County Development Authority generated $6.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Worth County Development Authority has awarded 38 individual grants totaling $39,746,225. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FOR AND ADMINISTER THE COMMUNITY PORTION OF GAMING REVENUE FOR THE DEVELOPMENT OF WORTH COUNTY, IOWA, IN ACCORDANCE WITH IOWA CODE SECTION 99F.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ESTABLISH PROCEDURES AND IMPLEMENT GRANTING PROCESS TO THE COMMUNITY AS REQUIRED UNDER IOWA CODE SECTION 99F.


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Board, Officers & Key Employees

Name (title)Compensation
Debra Hanson
CFO
$98,642
Barry Anonson
Board Member
$0
Kim Hengesteg
Board Member
$0
Phil Hackbart
Board Member
$0
Curtis Schaub
Board Member
$0
Dean Hendrikson
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,078,341
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,078,341
Total Program Service Revenue$0
Investment income $79,343
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,157,684

Grants Awarded

Over the last fiscal year, Worth County Development Authority has awarded $6,342,202 in support to 5 organizations.

Grant RecipientAmount

WCDA & TRUSTEE AWARDED GRANTS

PURPOSE: AWARDED BASED ON APP

$2,662,606

EDUCATION & SCHOLARSHIP GRANTS

PURPOSE: TO BENEFIT THE STUDE

$2,282,459

SPECIAL PROJECTS GRANTS

PURPOSE: TO BENEFIT THE SURRO

$1,015,862

GRANTS TO WORTH COUNTY

PURPOSE: TO BENEFIT THE CITIZ

$354,275

INTEREST FUNDS GRANTS

PURPOSE: TO PROVIDE ASSISTANC

$27,000
View Grant Profile

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