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Filing year 2024

IOWA AREA DEVELOPMENT GROUP LC

Des Moines, Iowa·EIN 42-1432150·6
Total revenue
$1.8M
Total assets
$3.4M
Total expenses
$1.8M
Reported officers
12
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.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

Chief Executive Officer
$358k
$386k
Base
$263k
Bonus
Other
Benefits
$21k
Vice President-bus. Develo
highest compensated employee
$217k
$234k
Base
$148k
Bonus
Other
Benefits
$26k
Vice President-community I
highest compensated employee
$175k
$188k
Base
$117k
Bonus
Other
Benefits
$24k
Vice President-added Agric
highest compensated employee
$173k
$186k
Base
$126k
Bonus
Other
Benefits
$10k
Vice President-dev. Finance
highest compensated employee
$170k
$183k
Base
$111k
Bonus
Other
Benefits
$25k
Sr. Manager, Accounting & Human Resources
highest compensated employee
$147k
$158k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Up 4%
from 2023

From $345k in 2023 to $358k in 2024.

$345k
2023
$358k
2024
In today's dollarsEst.
Up 1% in real terms$381k to $386k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

IOWA AREA DEVELOPMENT GROUP LC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.3M
$1.9M
2023
$1.8M
$1.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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