Public Charity

DEVELOPMENT CORPORATION OF AUSTIN

DEVELOPMENT CORPORATION OF AUSTIN is a Public Charity headquartered in AUSTIN, MN. Financial data from the 2024 filing: $577K revenue, $579K expenses, $4.7M total assets. 7 publicly reported grants to this organization, totaling roughly $207K, appear in IRS filings.

EIN: 237276266 AUSTIN, MN Latest filing: 2024
Total Revenue$577K
Total Expenses$579K
Total Assets$4.7M
Grant Records7
Funding Total$207K
Filing Years2019–2024

Mission

TO AGGRESSIVELY SUPPORT NEW OR EXISTING INDUSTRIAL AND OTHER COMMERCIAL ENTERPRISES FOR THE ECONOMIC BETTERMENT OF AUSTIN AND MOWER COUNTY.

Officers & Directors

DIRECTOR Betsy Morem
DIRECTOR Brad Fjelsta
DIRECTOR Carter Wagner
DIRECTOR Chad Sayles
DIRECTOR David Clasen
DIRECTOR Dr Kat Linaker

Officer compensation and complete director data available with membership.

Top Grant Purposes

CHARITABLE PURPOSE
$111,809 2 grants
SUBAWARDEE ON GRANT
$64,016 3 grants
PROVISION OF BUSINESS DEVELOPMENT SERVICES
$20,724 1 grant
FOOD & BEVERAGE CO-MANUFACTURING FEASIBILITY STUDY
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $577K $579K $4.7M
2023 $508K $559K $5.0M
2022 $505K $435K $5.3M
2020 $438K $393K $2.7M
2019 $432K $444K $2.7M

Between 2019 and 2024, reported annual revenue grew from $432K to $577K (+34%), with total assets most recently reported at $4.7M.

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

See the full picture for DEVELOPMENT CORPORATION OF AUSTIN

Complete financials, all 7 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time