Public Charity

BLACK HAWK ECONOMIC DEVELOPMENT INC

BLACK HAWK ECONOMIC DEVELOPMENT INC is a Public Charity headquartered in WATERLOO, IA. Financial data from the 2025 filing: $2.7M revenue, $1.4M expenses, $20.9M total assets. IRS filings disclose 3 grants awarded by this foundation, totaling roughly $40K.

EIN: 421114803 WATERLOO, IA Latest filing: 2025
Total Revenue$2.7M
Total Expenses$1.4M
Total Assets$20.9M
Grants Given3
Grant Total$40K
Filing Years2021–2025

Mission

TO ACTIVELY ENGAGE IN SUSTAINABLE ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES FOR THE BENEFIT OF ALL CONSTITUENTS THROUGH VARIOUS FINANCIAL AND OTHER ASSISTANCE PROGRAMS PRINCIPALLY TARGETED TO LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS, AND AT LEAST 60% OF ACTIVITIES TARGETED TO LOW-INCOME COMMUNITIES OR FOR LOW-INCOME PERSONS

Where $100 goes at Black Hawk Economic Development Inc

How Black Hawk Economic Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$84 Programs the work itself
$16 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $84 for programs

$84
Administration of economic development loan programs and technical assistance to businesses
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Bearbower Eric
PAST EXECUTIVE DIRECTOR Brustkern Steve
DIRECTOR Clayberg Nate
DIRECTOR Coulter Eric
SECRETARY/TREASURER Dlouhy Natalie
DIRECTOR Heath Lexie

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$20,000 1 grant
Housing & Homelessness
$19,920 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $2.7M $1.4M $20.9M
2024 $2.2M $1.2M $19.6M
2023 $3.7M $943K $18.8M
2022 $4.5M $1.1M $16.0M
2021 $2.6M $974K $12.7M

Between 2021 and 2025, reported annual revenue grew from $2.6M to $2.7M (+3%), with total assets most recently reported at $20.9M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in IA.

IA

Full geographic grant map with state-by-state breakdown available with membership.

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