Public Charity

ALTOONA ECONOMIC DEVELOPMENT CORPORATION

ALTOONA ECONOMIC DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in ALTOONA, IA. Its most recent IRS filing (2025) reports revenue of $-770K, expenses of $116K, total assets of $23.5M. Imperigo tracks 4 reported grant relationships connected to this organization totaling approximately $200K.

EIN: 261460205 ALTOONA, IA Latest filing: 2025
Total Revenue$-770K
Total Expenses$116K
Total Assets$23.5M
Grant Records4
Funding Total$200K
Filing Years2020–2025

Mission

PROMOTE ECONOMIC DEVELOPMENT/CHARITABLE/EDUCATIONAL PURPOSES.

Officers & Directors

PRESIDENT/VP Dean O'connor
SECRETARY/TREAS Mary Simon
DIRECTOR Timothy Forbes
DIRECTOR Ward Schnieder

Officer compensation and complete director data available with membership.

Top Grant Purposes

Altoona support
$50,000 1 grant
Destination Altoona
$50,000 1 grant
DESTINATION ALTOONA
$50,000 1 grant
VISIT ALTOONA
$50,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $-770K $116K $23.5M
2024 $-988K $191K $24.4M
2023 $-642K $220K $25.4M
2021 $-825K $198K $27.3M
2020 $-421K $313K $28.3M

Between 2020 and 2025, reported annual revenue moved from $-421K to $-770K, with total assets most recently reported at $23.5M.

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

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