AI Summary
Was this helpful?
The Lester Development Corporation, identified by EIN 88-2056384, is a nonprofit organization focused on economic development in the village of Lester. With an operating budget of $210.3K and total revenue of $408.7K for the 2024 filing year, the organization aims to foster growth by partnering with local government, businesses, and residents to provide housing and commercial opportunities. Notably, the corporation relies heavily on a single funder, which contributes approximately 87.5% of its total revenue.
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.
Cause Areas
1
Economic development
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
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.
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Funder
Total Funding
Funding Share
Peoples Charitable Foundation
$17.8K
56%
JAMES W AND ELLA B FORSTER TRUST
$358K
2%
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.