Iowa Lakes Corridor Initiative
Only null% goes to programs Strong reserves Growing revenue
Iowa Lakes Corridor Initiative is a 501(c)(3) organization based in Spencer, Iowa, registered in 2007, with $39,794 in FY2023 revenue. CharityIndex grades it C+.
520 2nd Ave E Ste 2, Spencer, IA, 51301 EIN 20-5129802 Since 2007
Revenue (FY2023)
$40K
▼ 29.1% vs prior year
Community median: $184K
Expenses (FY2023)
$40K
Net assets
$94K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Iowa Lakes Corridor Initiative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating28 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Iowa Lakes Corridor Initiative: 28 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Iowa Lakes Corridor Initiative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Iowa Lakes Corridor Initiative: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 520 2nd Ave E Ste 2, Spencer, IA, 51301
- City
- Spencer
- State
- Iowa
- Subcategory
- Economic Development
Financial trends
Revenue declined from $57K (FY2013) to $40K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$94K
Net assets
$94K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $39,794▼29.1% | $39,671▼11.3% | $93,961▲0.1% | $93,961▼1.0% | 990EZ |
| 2022 | $56,120▲24.5% | $44,749▲31.4% | $93,837▲13.8% | $94,945▼59.4% | 990EZ |
| 2021 | $45,059▲323% | $34,044▲532% | $82,467▲15.4% | $233,575▲12.7% | 990EZ |
| 2020 | $10,661▼52.5% | $5,388▼91.9% | $71,453▲8.0% | $207,306▲134% | 990EZ |
| 2019 | $22,460▼73.1% | $66,605▼54.4% | $66,179▼40.0% | $88,425▼23.3% | 990EZ |
| 2018 | $83,433▼75.6% | $146,182▼41.1% | $110,325▼36.3% | $115,325▼33.4% | 990EZ |
| 2017 | $341,798▲278% | $248,230▲373% | $173,074▲125% | $173,074▲118% | 990 |
| 2016 | $90,369▼1.3% | $52,534▼53.5% | $77,006▲96.6% | $79,506▲90.8% | 990EZ |
| 2015 | $91,534▲19.3% | $112,957▲21.6% | $39,169▼35.4% | $41,669▼36.6% | 990EZ |
| 2014 | $76,752▲34.7% | $92,893▲92.2% | $60,592▼21.0% | $65,692▼14.4% | 990 |
| 2013 | $56,959 | $48,320▼6.4% | $76,734▲12.7% | $76,734▲12.7% | 990 |
| 2012 | — | $51,637▲41.8% | $68,097▲4.2% | $68,097▲4.2% | 990 |
| 2011 | — | $36,408▼7.6% | $65,378▲26.4% | $65,378▲26.4% | 990 |
| 2010 | — | $39,402 | $51,734 | $51,734 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $45K total
9 grants to Iowa Lakes Corridor Initiative totaling $45K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Fdn of Greater Des Moines | Grant distribution for iowa lakes corridor program support | 2020 | $3,000 |
| Community Fdn of Greater Des Moines | Grant distribution - iowa lakes corridor initiative 2020 startup skillup project | 2020 | $2,500 |
| Community Fdn of Greater Des Moines | Grant distribution | 2020 | $1,373 |
| Community Fdn of Greater Des Moines | 5x5 population growth initiative | 2018 | $2,500 |
| Community Fdn of Greater Des Moines | Grant distribution to support the okoboji entrepreneurial institute | 2018 | $1,500 |
| Community Fdn of Greater Des Moines | Grant distribution | 2018 | $1,223 |
| For Inspiration and Recognition of Science and Technology First | Program participation | 2016 | $8,000 |
| For Inspiration and Recognition of Science and Technology First | Kit of parts & program participation | 2014 | $16,000 |
| Community Fdn of Greater Des Moines | Manufacturing careers training | 2014 | $9,000 |
Similar organizations in Community
- Community
Davenport Breakfast Lions Charities Inc
Bettendorf, IA
$0
annual revenue
- Community
Quimby Town and Country Inc
Quimby, IA
$0
annual revenue
Community
Mortgage Professionals of Iowa
Des Moines, IA
$0
Cannual revenue
- Community
Divine Grace Radio
Charles City, IA
$0
annual revenue
- Community
Akron Development Corporation
Akron, IA
$0
Fannual revenue
- Community
Envision Woodward
Woodward, IA
$0
annual revenue
- Community
Dama International Iowa Chapter
Des Moines, IA
$0
annual revenue
- Community
Society of Women Engineers
Bettendorf, IA
$0
annual revenue
- Community
Historic East Village Inc
Des Moines, IA
$0
C+annual revenue
- Community
Tri State Human Resource Association
Dubuque, IA
$0
annual revenue
Compare Iowa Lakes Corridor Initiative
Frequently asked questions
- Is Iowa Lakes Corridor Initiative a legitimate nonprofit?
- Yes. Iowa Lakes Corridor Initiative is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-5129802, based in Spencer, Iowa. Donations are tax-deductible.
- What is Iowa Lakes Corridor Initiative's EIN?
- Iowa Lakes Corridor Initiative's Employer Identification Number (EIN) is 20-5129802.
- How much revenue does Iowa Lakes Corridor Initiative report?
- Iowa Lakes Corridor Initiative reported $39,794 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Iowa Lakes Corridor Initiative have?
- CharityIndex grades Iowa Lakes Corridor Initiative C+, based on financial health (reserves and operating margin).
More nonprofits in Spencer
Explore more
Data for Iowa Lakes Corridor Initiative (EIN 20-5129802) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.