Development Corporation of Austin

Nonprofit profile at a glance

EIN
237276266
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Austin, MN, USA
Phone
5074339495
Rating confidence
Limited

Official website

Reported finances

Revenue
$577,332
Expenses
$579,295
Assets
$4,729,717
Liabilities
$3,236,120

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Highest reported compensation

  • JOHN GARRY (EXEC. DIRECTOR): $135,310 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To aggressively support new or existing industrial and other commercial enterprises for the economic betterment of austin and mower county.

What it reported doing in 2024

Dca supporting organization, austin community growth ventures, operates launch (co-officing space) and startup factory (intensive business development support and commercialization guidance).dca supporting organization, austin community charitable fund, supports austin area minority business project. This project provides comprehensive economic development legal services to immigrant and minority business owners and employees in the area of austin, Minnesota. Comprehensive services under this project provide business technical legal support and education, immigration legal services, holistic pro bono legal services, and longitudinal, holistic evaluation and outcome analysis. Partners providing these services are the development corporation of austin, immigrant law center of Minnesota, the ballard spahr pro bono team, and hispanic advocacy and community empowerment through research, whose services occupy distinct project roles.dca supporting organization austin community charitable fund supports community development and quality of life projects through impact austin. Impact austin will ensure diverse community involvement in the city of austin's and mower county's comprehensive plan in 2024-2025.

Operating model

Revenue model
Earned-program. 74% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 63
  • Sustainability: 45
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.3%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 8.16; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.68; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 23.4%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -2.5% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -0.7% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 24 of 24 board members independent · 1 of 8 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $135K · 28 people listed
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.