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FAIRBANK DEVELOPMENT CORPORATION

FAIRBANK, Iowa, 50629

EIN: 42-1238560

Community Improvement, Capacity Building

DEMOGRAPHIC

ADDRESS
120 E MAIN ST
50629
COUNTY
buchanan county, IA

ORGANIZATIONAL OVERVIEW & RANKINGS

FAIRBANK DEVELOPMENT CORPORATION is a based in FAIRBANK, IA, focused on Community Improvement, Capacity Building causes , specifically Economic Development. Established in August 2014, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $76,898.00, this ranks 526,583 among 2,656,690 nonprofits nationally (Top 20%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 7,017 out of 40,025 organizations in IA (Top 18%).

In buchanan county, IA, the organization ranks 51 out of 265 nonprofits by assets (Top 17%), while locally in fairbank, it stands at 3 among 18 organizations (Top 3%).

The organization reported annual revenue of $91,752.00, ranking 407,776 nationally (Top 16%) and 5,196 in IA (Top 13%).

Within its specific NTEE classification (S30 - S: Community Improvement, Capacity Building), which includes 4,887 similar organizations, FAIRBANK DEVELOPMENT CORPORATION ranks 1,606 in assets (Top 33%) and 1,466 in revenue (Top 30%).

Note: This organization's tax-exempt status was temporarily revoked on February 15, 2011 and was reinstated on July 15, 2014 .

The organization files a 990 (all other) or 990EZ return and operates on a August fiscal year.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S30: Economic Development
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

Note: A past revocation appears on the IRS revocation list
Revoked: Tuesday, February 15, 2011;
Reinstated: Tuesday, July 15, 2014
Data current as of Oct. 2024
TAX PERIOD
09/2023
ACCOUNTING PERIOD
09
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$91,752.00
FORM 990 REVENUE AMOUNT
$91,752.00
RULING DATE
08/2014
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$76,898.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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