Black Hawk Economic Development Inc
To actively engage in sustainable economic and community development activities for the benefit of all constituents through various financial and other assistance programs principally targeted to low-income communities and low-income persons, and at least 60% of activities targeted to low-income communities or for low-income persons
Black Hawk Economic Development Inc at a glance
- Total assets
- $20,865,734
- +6.2% vs 2024
- Revenue (2025)
- $2,659,654
- +19.4% vs 2024
- Net investment income (2025)
- $712,417
- +53.0% vs 2024
- Expenses (2025)
- $1,390,136
- +18.0% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Black Hawk Economic Development Inc funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Black Hawk Economic Development Inc gives
- Giving grew 101% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $10K (2021) to $20K (2024). In 2024 it made 1 grant totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cedar Valley Growth Fund I Inc Waterloo, IA | Grant for Royal Legacy Christian Academy Loan | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $20,865,734 | $2,659,654 | $1,390,136 | — | — | $712,417 |
| 2024 | $19,642,559 | $2,228,187 | $1,178,322 | $20,000 | 1 | $465,648 |
| 2023 | $18,776,069 | $3,671,236 | $943,431 | — | — | $341,953 |
| 2022 | $15,953,827 | $4,463,210 | $1,145,873 | $9,960 | 1 | $251,969 |
| 2021 | $12,653,962 | $2,585,804 | $973,850 | $9,960 | 1 | $175,077 |
About Black Hawk Economic Development Inc
Based on IRS filings
Black Hawk Economic Development Inc is a public charity focused on Economically disadvantaged people, based in Waterloo, IA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $20.9M in total assets. Net investment income was $712K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Black Hawk Economic Development Inc is led by Koenen Stephanie, Executive Director on every filing since 2024; 2 of 12 officers listed in 2025 are compensated.
Officers on the 2025 filing
Koenen Stephanie
Executive Director
On filings since 2024
40 hrs/week
$100K (2024) → $110K (2025)
Lesyshan Lucas
President
On filings since 2022
7 hrs/week
No compensation reported
Clayberg Nate
Director
On filings since 2022
2 hrs/week
No compensation reported
Jahnke Carol
Director
On filings since 2022
2 hrs/week
No compensation reported
Thompson Tony
Director
On filings since 2022
2 hrs/week
No compensation reported
Young Reshonda
Director
On filings since 2022
2 hrs/week
No compensation reported
Coulter Eric
Director
On filings since 2023
2 hrs/week
No compensation reported
Heath Lexie
Director
On filings since 2023
2 hrs/week
No compensation reported
Bearbower Eric
Director
On filings since 2024
2 hrs/week
No compensation reported
Brustkern Steve
Past Executive Director
Executive Director → Past Executive Director, 2024
On filings since 2022
40 hrs/week
$229K (2022) → $252K (2025)
Dlouhy Natalie
Secretary & Treasurer
On filings since 2022
2 hrs/week
No compensation reported
Quirk Brian
Vice President
On filings since 2022
5 hrs/week
No compensation reported
Former officers (12)
- Former: Krogh Bob (2023) — Director
- Former: Krogh Robert (2022) — Director
- Former: Brian Quirk (2021) — Vice President
- Former: Carol Jahnke (2021) — Director
- Former: Lorie Davis (2021) — Secretary & Treasurer
- Former: Lucas Lesyshan (2021) — President
- Former: Natalie Dlouy (2021) — Director
- Former: Nate Clayberg (2021) — Director
- Former: Reshonda Young (2021) — Director
- Former: Robert Krogh (2021) — Director
- Former: Steve Brustkern (2021) — Executive Director
- Former: Tony Thompson (2021) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $252K, to Brustkern Steve (Past Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Black Hawk Economic Development Inc
How large is Black Hawk Economic Development Inc?
Black Hawk Economic Development Inc reported $20.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.7M.
What is Black Hawk Economic Development Inc?
Black Hawk Economic Development Inc is a public charity focused on Economically disadvantaged people, based in Waterloo, IA. It holds $20.9M in total assets as of 2025.
Where does Black Hawk Economic Development Inc operate?
Black Hawk Economic Development Inc has awarded grants in Iowa.
What is Black Hawk Economic Development Inc's EIN?
Black Hawk Economic Development Inc's EIN (Employer Identification Number) is 42-1114803. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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