Overview

Sign up to

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

LESTER DEVELOPMENT CORPORATION is an economic development nonprofit focused on helping guide the future growth of Lester by partnering with local government, development foundations, businesses, and residents to expand housing and commercial opportunities. In filing year 2024, it reported an operating budget of $210.3K and total revenue of $408.7K, with listed support from Peoples Charitable Foundation and JAMES W AND ELLA B FORSTER TRUST.

Mission Statement

The Lester Development Corporation seeks to be a driver in the future growth and development of the village of Lester by partnering with localgovernment, development foundations, businesses, and residents. The corporation aims to provide available housing for individuals andfamilies interested in moving to Lester as well as opportunities for businesses that are either moving to town or looking to expand on theircurrent operation. The corporation will be active in purchasing and developing residential and commercial properties as they come available toallow for continued growth throughout the city. By forming this corporation, we will also take a burden off the local government by handling theplanning and execution for expansion.
Revenues
$408.7K
Expenses
$210.3K
Net Income:
+$198.4K
Assets
$565.8K
Liabilities
$85
Net Assets:
+$565.7K
Operating Budget
$210.3K
Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K
D
Daniel Moser
Board Member
S
Sue Fluit
Board Member
J
Jon Gerber
Board Member
Free account

There’s more to this organization

Create a free account to go deeper. No payment required.

  • 2 funders
  • 7 board & team members
  • 2 historic 990s & financials
  • 6-year operating budget trend
Free forever. Takes about a minute.

Is your org on Google Workspace or Microsoft 365? Sign up in seconds. Already have an account? Log in

By signing up, I agree to Impala’s Terms of Use and Privacy Policy.

Frequently Asked Questions

What is LESTER DEVELOPMENT CORPORATION’s budget?
In 2024, LESTER DEVELOPMENT CORPORATION reported an annual operating budget of around $210 thousand. More detailed financial information is available to registered users.
What causes does LESTER DEVELOPMENT CORPORATION support?
LESTER DEVELOPMENT CORPORATION supports work in Economic development.
Where does LESTER DEVELOPMENT CORPORATION operate?
LESTER DEVELOPMENT CORPORATION is headquartered in Lester, IA.
Who funded LESTER DEVELOPMENT CORPORATION recently?
In 2025, LESTER DEVELOPMENT CORPORATION received grants from JAMES W AND ELLA B FORSTER TRUST and Peoples Charitable Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant LESTER DEVELOPMENT CORPORATION received in 2024?
The largest grant to LESTER DEVELOPMENT CORPORATION in 2024 exceeds $10 thousand.