Iowa Lakes Corridor Development Corporation logo

Iowa Lakes Corridor Development Corporation

501(c)(6) organization Spencer, IA EIN: 42-1484176 Website

To foster, encourage, aid or otherwise assist in the economic growth and development of the four-county region of buena vista, clay, dickinson and Emmet counties in Iowa.

Key facts about Iowa Lakes Corridor Development Corporation

EIN
42-1484176
Latest 990 filing
Form 990, 2025
Total assets
$3,075,227

Data from IRS Form 990, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$3.1M

+0.7% YoY

Revenue

$884K

+38.7% YoY

Net Investment Income

$24K

-28.2% YoY

Expenses

$727K

+10.3% YoY

About Iowa Lakes Corridor Development Corporation

Based on IRS filings

Iowa Lakes Corridor Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Spencer, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.1M in total assets. Net investment income was $24K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Austin

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15KTotal only2019 Total only2020 1 grant2021* Covers 18 months (fiscal year-end changed)Total only2022 0 grants2023 0 grants2024 0 grants2025

From 2019 to 2022, annual grant giving ranged from $1K (2019) to $13K (2021, 18 months). In 2022 it reported $8K in grants paid, as a total without an itemized list.

*2021: Covers 18 months (fiscal year-end changed).

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

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

The most common grant size was under $50K: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M$2M2019 2020 2021* Covers 18 months (fiscal year-end changed)2022 2023 2024 2025

*2021: Covers 18 months (fiscal year-end changed).

Metric202520242023
Total Assets$3,075,227$3,053,188$1,436,042
Revenue$884,144$637,668$425,923
Expenses$726,514$658,389$545,516
Net Investment Income$24,096$33,541$12,219

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
  2. Updated Form 990 for fiscal year 2019 (received by the IRS January 10, 2020)
  3. Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS October 30, 2023)
  5. Added Form 990 for fiscal year 2025 (received by the IRS July 17, 2026)

Leadership & Key People

Officers and directors from IRS filings

Iowa Lakes Corridor Development Corporation is led by Nathan Wittmaack, Chair since 2025 (on filings since 2022); 1 of 17 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Nathan Wittmaack

    Chair

    Board Member → Chair, 2025

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • Curt Strouth

    Executive Di

    On filings since 2023

    40 hrs/week

    $57K (2023) → $165K (2025)

  • Brad Beck

    Board Member

    Vice Chair → Chair-, 2022

    Chair- → Board Member, 2025

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Donavon Wunschel

    Board Member

    On filings since 2021

    0.3 hrs/week

    No compensation reported

  • Walter Debock

    Board Member

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • Ebony Rahe

    Vice Chair

    Board Member → Vice Chair, 2025

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Matt Beaver

    Board Member

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Michelle Nicoson

    Treasurer

    Board Member → Treasurer, 2025

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Mike Koenecke

    Board Member

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Brenda Tiefenthaler

    Board Member

    On filings since 2024

    0.3 hrs/week

    No compensation reported

  • Drew Hage

    Board Member

    On filings since 2024

    0.3 hrs/week

    No compensation reported

  • Brett Johnson

    Board Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Doug Vlasman

    Board Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Katherine Cota

    Board Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Matt Ricklefs

    Board Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Todd Glasnapp

    Board Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Tom Nelson

    Board Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

Former officers (28)
  • Former: John Pluth (2019–2024) — Board Member
  • Former: Mike Porsch (2019–2024) — Board Member
  • Former: Tim Fairchild (2019–2024) — Board Member
  • Former: Brian Lenzmeier (2021–2024) — Board Member
  • Former: Keith Deitering (2021–2024) — Board Member
  • Former: Jed Skogerboe (2023–2024) — Treasurer
  • Former: Doug Benjamin (2019–2023) — Chair-
  • Former: Scott Berglund (2022–2023) — Board Member
  • Former: Burlin Matthews (2019–2022) — Board Member
  • Former: Susan Zulk (2019–2022) — Board Member
  • Former: Roger Jacobson (2021–2022) — Board Member
  • Former: Shannon Landauer (2021–2022) — President
  • Former: Tim McCollough (2022) — Board Member
  • Former: Deb Satern (2020–2021) — Chair
  • Former: Edwin Waleh (2021) — Board Member
  • Former: Jeaneth Ibarra (2019–2020) — Board Member
  • Former: John Tatman (2019–2020) — Chair
  • Former: Jon Wilcke (2019–2020) — Board Member
  • Former: Joshua Merchant (2019–2020) — Board Member
  • Former: Kent Stensland (2019–2020) — Board Member
  • Former: Kiley Miller (2019–2020) — President
  • Former: Penny Clayton (2019–2020) — Board Member
  • Former: Sean Sherrod (2019–2020) — Board Member
  • Former: Brian Dalziel (2020) — Interim CEO
  • Former: Mike Wodtke (2020) — Board Member
  • Former: Alan Wilson (2019) — Board Member
  • Former: Barry Sackett (2019) — Treasurer
  • Former: Rick Olesen (2019) — Board Member

Data from IRS Form 990 filings, 2019–2025. "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

Curt Strouth — Executive Di: $165KCurt StrouthExecutive Di$165K

The highest reported compensation on the 2025 filing was $165K, to Curt Strouth (Executive Di).

Frequently asked questions about Iowa Lakes Corridor Development Corporation

How large is Iowa Lakes Corridor Development Corporation?

Iowa Lakes Corridor Development Corporation reported $3.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $884K.

What is Iowa Lakes Corridor Development Corporation?

Iowa Lakes Corridor Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Spencer, IA. It holds $3.1M in total assets as of 2025.

Where does Iowa Lakes Corridor Development Corporation operate?

Iowa Lakes Corridor Development Corporation has awarded grants in Texas.

What is Iowa Lakes Corridor Development Corporation's EIN?

Iowa Lakes Corridor Development Corporation's EIN (Employer Identification Number) is 42-1484176. IRS Form 990 filing data is available on this page for 2019–2025.

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

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