Alton Economic Development Corporation
Donations deductibleRevenue
$165k
year to 31 December 2025
Expenses
$174k
year to 31 December 2025
Total assets
$2.3m
$2.1m liabilities
Net assets
$228k
assets less liabilities
Directors and trustees
3
7.1 years on average
Staff
0
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Voting members
5
reported in Part VI
Alton Economic Development Corporation's network
3 peoplei3 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (3). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
3 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Dale Oltmans | Executive Di | 2018 | 8 yrs |
| Dan Vande Griend | President | 2020 | 6 yrs |
| Harlan Jorgensen | Director | 2020 | 6 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Dan Vande Griend | President | $0 | |||
| Harlan Jorgensen | Director | $0 | |||
| Dale Oltmans | Executive Di | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Alton Economic Development Corporation
- EIN
- 421523453
- Address
- 905 3rd Ave, Alton, IA, 51003-7738
- State
- Iowa
- Mission
- To provide the city of alton, iowa with economic development possibilities ranging from residential, industrial and commercial development. The organization will make available places of residence and work attracting people to the city of alton. The organization also provides economic consulting on a monthly basis to the city of alton. (as filed on the Form 990)
- Activity (NTEE)
- S31 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 6 (IRS master file code)
- Formed
- 2010
- Principal officer
- Dale Oltmans (as named on the Form 990)
- IRS ruling date
- 1 May 2011
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsDale Oltmans
≥6years on the filingsDan Vande Griend
≥6years on the filingsHarlan Jorgensen
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $2.3m
- Total liabilities
- $2.1m
- Net assets or fund balances
- $228k
- Contributions and grants received
- $77k
- Program service revenue
- $86k
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $145k | $588k | Deficit $444k |
As filed on the IRS Form 990. US dollars.
State registration
1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.Alton Economic Development Corporation likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: Iowa Secretary of State, active business entities (data.iowa.gov ez5t-3qay). Licence: CC BY 4.0. Attribution: Iowa Secretary of State. Data last fetched 18 October 2026.
- State
- Iowa
- Entity type
- Revised Domestic Non-Profit
- Status
- Active
- Formed
- 26 March 2010
- Registered agent
- Blake M Bengard (city and state not held)