Minnesota · Nonprofit
DEVELOPMENT CORPORATION OF AUSTIN
DEVELOPMENT CORPORATION OF AUSTIN (Minnesota) receives grants from 2 organizations whose IRS filings report $94,740 to it, the largest being IMMIGRANT LAW CENTER OF MINNESOTA INC ($84,740). 1 of them have funded it in more than one year.
- Revenue FY2024
- $577k
- Funders on record
- 2
- Grants received
- $95k
- Net assets
- $1.5M
What Development Corporation of Austin does
Mission
To aggressively support new or existing industrial and other commercial enterprises for the economic betterment of austin and mower county.
As stated on its FY2024 Form 990.
Programs
Dca's small business development center (sbdc) satellite office provides professional business advice at no cost to the client in such areas as: access to capital and loan packaging; financial analysis and assessment; accounting systems and literacy; marketing and research; marketing plan development; feasibility analysis; startup assistancebusiness plan development; electronic commerce/web site development, succession and strategic planning.
Dca supporting organization, austin community growth ventures, operates launch (co-officing space) and startup factory (intensive business development support and commercialization guidance).dca supporting organization, austin community charitable fund, supports austin area minority business project. This project provides comprehensive economic development legal services to immigrant and minority business owners and employees in the area of austin, minnesota. Comprehensive services under this project provide business technical legal support and education, immigration legal services, holistic pro bono legal services, and longitudinal, holistic evaluation and outcome analysis. Partners providing these services are the Development Corporation of Austin, immigrant law center of minnesota, the ballard spahr pro bono team, and hispanic advocacy and community empowerment through research, whose services occupy distinct project roles.dca supporting organization austin community charitable fund supports community development and quality of life projects through impact austin. Impact austin will ensure diverse community involvement in the city of austin's and mower county's comprehensive…
The purpose of the forgivable loan program will be to provide for the promotion and continuation of existing lifestyle businesses within mower county. Most of these businesses are owned and operated by one individual or a family. The forgivable loan/grant program will provide an incentive for a new individual to purchase an existing lifestyle business and continue operations. A lifestyle business is defined as a for profit business in which the owner will be treating the business as their full-time job.
The purpose of the real estate fund is to invest in real estate development and redevelopment projects that have a community impact while also achieving 8%-12% returns for investors.
The 4 programs described on its FY2024 Form 990, listed largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $3.8M to $5.3M (+38%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 13% · 2018 14% · 2019 16% · 2020 14% · 2021 17% · 2022 13% · 2023 14% · 2024 11%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
John Garry
Exec. Director
Board chair
Scott Fox
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2021: the base held at 1 funder, grant income rose $21k → $21k.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 11% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $112k from one payer (the payer shares this organization's board, largest Austin Community Charitable Fund). These are real filings, and they are not money DEVELOPMENT CORPORATION OF AUSTIN raised.
From the IRS filings of DEVELOPMENT CORPORATION OF AUSTIN’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
DEVELOPMENT CORPORATION OF AUSTIN leans on a few funders — its largest provides 89% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund DEVELOPMENT CORPORATION OF AUSTIN.
Largest funder’s share by year: 2018 100% · 2019 71% · 2020 100% · 2021 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of DEVELOPMENT CORPORATION OF AUSTIN's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like DEVELOPMENT CORPORATION OF AUSTIN
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Governance
Footprint & structure
Part of a family of 3 related entities
- Devcoraus · disregarded
- Austin Community Charitable Fund · exempt
- Austin Community Growth Ventures · exempt
Screen this organization
A dated, signed PDF of the compliance screen for DEVELOPMENT CORPORATION OF AUSTIN: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds DEVELOPMENT CORPORATION OF AUSTIN?
- DEVELOPMENT CORPORATION OF AUSTIN (Minnesota) receives grants from 2 organizations whose IRS filings report $94,740 to it, the largest being IMMIGRANT LAW CENTER OF MINNESOTA INC ($84,740). 1 of them have funded it in more than one year.
- How many funders does DEVELOPMENT CORPORATION OF AUSTIN have?
- IRS filings report 2 organizations giving $94,740 in grants to DEVELOPMENT CORPORATION OF AUSTIN, 1 of which have funded it in more than one year.
- Who is the largest funder of DEVELOPMENT CORPORATION OF AUSTIN?
- IMMIGRANT LAW CENTER OF MINNESOTA INC is the largest funder on record, with $84,740 in grants. The full list of funders is on this page.
- How can an organization like DEVELOPMENT CORPORATION OF AUSTIN find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing