North Iowa Corridor Economic Development Corporation logo

North Iowa Corridor Economic Development Corporation

501(c)(6) organization Mason City, IA EIN: 75-3190471 Website

Support business and industry with retention and expansion projects and attract new business and industry to cerro Gordo county, mason city and clear lake.

Key facts about North Iowa Corridor Economic Development Corporation

In short: North Iowa Corridor Economic Development Corporation gave $46K across 1 grant in 2025 (avg $46K), mostly in Iowa. Source: 2025 IRS Form 990.

EIN
75-3190471
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$45,613
Grants made (2025)
1
Average grant
$45,613
Median grant
$45,613
Total assets
$2,260,473
Primary geography
Iowa (100% of itemized 2025 grant dollars)

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

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.3M

-4.9% YoY

Annual Giving

$46K

+530.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$46K

+530.3% YoY

How North Iowa Corridor Economic Development Corporation gives

  • Giving grew 53% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About North Iowa Corridor Economic Development Corporation

Based on IRS filings

North Iowa Corridor Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Mason City, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.3M in total assets. In 2025, it awarded 1 grant totaling $46K. Net investment income was $39K.

Open Grants

1 open opportunity from North Iowa Corridor Economic Development Corporation

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Mason City

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60KTotal only2019 Total only2020 Total only2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $7K (2024) to $46K (2025). In 2025 it made 1 grant totaling $46K.

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

Top Recipients

Top recipient in 2025

Niacc: $46KNiacc$46K

The largest 2025 recipient was Niacc ($46K).

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Niacc Mason City, IAJob Share$45,613

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,260,473$2,377,298$2,035,032
Revenue$659,302$936,611$507,544
Expenses$794,803$888,980$489,776
Net Investment Income$39,457$19,815$14,053

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS February 1, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS January 10, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS January 18, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS December 23, 2022)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS January 20, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS November 14, 2025)
  8. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

North Iowa Corridor Economic Development Corporation is led by Chad Schreck, President on every filing since 2019; 1 of 14 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Chad Schreck

    President

    On filings since 2019

    40 hrs/week

    $130K (2019) → $174K (2025)

  • Chelsy Snyder Anderson

    Chair

    Treasurer → Chair, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Paul Stevenson

    Treasurer

    Past Chair → Secretary, 2021

    Secretary → Treasurer, 2025

    On filings since 2019

    1 hr/week

    No compensation reported

  • Emily Peters

    Vice Chair

    Board Member → Vice Chair, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Becky Schwab

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Bill Phillips

    Board Member

    New on the 2025 filing

    No compensation reported

  • Chad Hansen

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Chris Lovell

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Craig Backhaus

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Ellen Pritchard Sedlock

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Jeff Gribben

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Kristy King

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Scott Curtis

    Secretary

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Susan Bunz

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (18)
  • Former: Christy Marchand (2019–2024) — Board Member
  • Former: Mark Ebeling (2019–2024) — Board Member
  • Former: Robert Klocke (2019–2024) — Chair
  • Former: Scott Smed (2019–2024) — Past Chair
  • Former: Collin Davison (2021–2024) — Secretary
  • Former: Chuck Schafer (2022–2024) — Board Member
  • Former: Josh Thompson (2022–2024) — Board Member
  • Former: Kent Brcka (2022–2024) — Vice Chair
  • Former: Rod Schlader (2023–2024) — Board Member
  • Former: Rod Schafer (2022) — Board Member
  • Former: Dave Versteeg (2019–2021) — Board Member
  • Former: Diane Fischels (2019–2021) — Vice Chair & Board Member
  • Former: Marty Mensen (2019–2021) — Board Member
  • Former: Nate Carney (2019–2021) — Past Chair
  • Former: Gary Pyle (2020–2021) — Board Member
  • Former: Jacquelyn Arthur (2019–2020) — Board Member
  • Former: Arthur Jones (2019) — Board Member
  • Former: Deb Blaser-Gretillat (2019) — Past Chair

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

Chad Schreck — President: $174KChad SchreckPresident$174K

The highest reported compensation on the 2025 filing was $174K, to Chad Schreck (President).

Frequently asked questions about North Iowa Corridor Economic Development Corporation

How much does North Iowa Corridor Economic Development Corporation give each year?

North Iowa Corridor Economic Development Corporation gave $46K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $7K across 1 grant.

How large is North Iowa Corridor Economic Development Corporation?

North Iowa Corridor Economic Development Corporation reported $2.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $659K.

What is North Iowa Corridor Economic Development Corporation?

North Iowa Corridor Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Mason City, IA. It holds $2.3M in total assets as of 2025.

Where does North Iowa Corridor Economic Development Corporation operate?

North Iowa Corridor Economic Development Corporation has awarded grants in Iowa.

What is North Iowa Corridor Economic Development Corporation's EIN?

North Iowa Corridor Economic Development Corporation's EIN (Employer Identification Number) is 75-3190471. IRS Form 990 filing data is available on this page for 2019–2025.

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

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