Club 720 Development Corporation

Public charity · Grantmaker Fort Wayne, IN EIN: 20-8263324

Club 720 Development Corporation is organized for purposes that are exclusively charitable and educational and consist of the following: (1) to provide basic living facilities for economically distressed individuals through housing development in order to improve the living conditions and economic well-being of individuals and to engage in related activities in order to improve the living conditions and economic well-being of said individuals. (2) to create a social environment of self-determination and cooperation that encourages economically distressed residents to pursue their life goals and aspirations, especially with regard to adequate housing, with a sense of self-respect and dignity. (3) to do any and all lawful activities which may be necessary, useful, or desirable for the furtherance, accomplishment, fostering, or attainment of the foregoing purposes, either directly or indirectly and either alone or in conjunction or cooperation with others, whether such others be persons o

Club 720 Development Corporation at a glance

In short: Club 720 Development Corporation gave $202K across 1 grant in 2024 (avg $202K), mostly in Indiana. Source: 2024 IRS Form 990.

Annual giving (2024)
$202,184
Grants made (2024)
1
Average grant
$202,184
Median grant
$202,184
Total assets
$4,097,654
+549.4% vs 2023
Primary geography
Indiana (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990, 2024 View filing

Data from IRS Form 990, 2024; updated September 2026.

Who Club 720 Development Corporation funds

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Upstate Alliance of Realtors: $202KUpstate Alliance of Realtors$202K

The largest 2024 recipient was Upstate Alliance of Realtors ($202K).

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K1$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 1 grant of 2 (50%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

DecaturFort Wayne

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants2019 0 grants2020 0 grants2021 1 grant2022 0 grants2023 1 grant2024

From 2022 to 2024, annual grant giving ranged from $202K (2024) to $537K (2022). In 2024 it made 1 grant totaling $202K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Upstate Alliance of Realtors Fort Wayne, INEducation$202,184
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2024$4,097,654$3,621,820$1,486,039$202,1841$-747,608
2023$630,966$1,559,215$1,380,795——$183
2022$460,281$650,699$1,233,053$536,5371$113
2021$1,064,672$411,079$463,299——$265
2020$1,108,582$1,327,231$424,088——$57
2019$185,867$267,114$246,524——$73

About Club 720 Development Corporation

Based on IRS filings

Club 720 Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Fort Wayne, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 1 grant totaling $202K.

Leadership & Key People

Officers and directors from IRS filings

Club 720 Development Corporation is led by Heather Presley-Cowen, CEO since 2024 (on filings since 2022); 2 of 6 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Heather Presley-Cowen

    CEO

    President & B → CEO, 2024

    On filings since 2022

    25 hrs/week

    $40K (2022) → $109K (2024)

  • Adam Welch

    Director

    On filings since 2019

    0.5 hrs/week

    No compensation reported

  • Denise Andorfer

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Ryan Chasey

    COO

    President & Executive Director → COO, 2022

    On filings since 2019

    40 hrs/week

    $69K (2019) → $93K (2024)

  • J. Nelson Coats

    Treasurer

    On filings since 2019

    0.5 hrs/week

    No compensation reported

  • Linda Lauer

    Secretary

    Director → Secretary, 2022

    On filings since 2021

    0.5 hrs/week

    No compensation reported

Former officers (2)
  • Former: Joy Hudson (2019–2022) — Secretary
  • Former: Courtney Wagner (2019–2020) — Director

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Heather Presley-Cowen — CEO: $109KHeather Presley-CowenCEO$109KRyan Chasey — COO: $93KRyan ChaseyCOO$93K

The highest reported compensation on the 2024 filing was $109K, to Heather Presley-Cowen (CEO). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Club 720 Development Corporation

How much does Club 720 Development Corporation give each year?

Club 720 Development Corporation gave $202K across 1 grant in 2024, according to its 2024 IRS Form 990.

How large is Club 720 Development Corporation?

Club 720 Development Corporation reported $4.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.6M.

What is Club 720 Development Corporation?

Club 720 Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Fort Wayne, IN. It holds $4.1M in total assets as of 2024.

Where does Club 720 Development Corporation operate?

Club 720 Development Corporation has awarded grants in Indiana.

What is Club 720 Development Corporation's EIN?

Club 720 Development Corporation's EIN (Employer Identification Number) is 20-8263324. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

Data update history

(4)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS April 11, 2020)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS October 30, 2023)
  3. Updated Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
  4. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Club 720 Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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