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Invest Dsm

Des Moines, IA · EIN 84-2607571 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

Invest Dsm reported $10.4 million in revenue and $13.1 million in expenses for calendar year 2025. Of every $100 it spent, $95.15 went to program services, $4.85 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.0% of the total. Government grants made up 95.9%. The highest compensation it reported for one person was $144,555 (NEIGHBORHOOD DEVELOPMENT M). 4 people received more than $100,000 in reportable compensation. Revenue rose 106% between FY2020 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $13M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2025 · Form 990, Part VIII · total revenue $10M

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 933 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
95.2%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
4.8%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
96.0%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
95.9%1.0%
Program service revenue share
Part VIII 2g ÷ 12
0.1%66.2%
Highest reported compensation
Part VII-A, columns D–F
$144,555$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.10%1.57%
People paid over $100,000
Part VII, line 2
45
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
22.110.0
Independent voting board members
Part VI 1a–1b
11 of 11100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2025 · Form 990, Part III · the three largest programs by expense
$12M expenses · 100.0% of program spending · grants $6.7M · revenue $29,823

Provide holistic and innovative solutions that strengthen neighborhoods

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
NEIGHBORHOOD DEVELOPMENT M
Highest compensated employee, 40.00 hrs/week
$128,676$0$15,879$144,555
OPERATIONS MANAGER
Highest compensated employee, 40.00 hrs/week
$127,125$0$12,811$139,936
CONSTRUCTION SPECIALIST
Highest compensated employee, 40.00 hrs/week
$103,508$0$25,582$129,090
CONSTRUCTION SPECIALIST
Highest compensated employee, 40.00 hrs/week
$100,599$0$25,850$126,449
FORMER EXECUTIVE DIRECTOR
Officer, 40.00 hrs/week
$79,796$0$12,761$92,557
EXECUTIVE DIRECTOR
Officer, 40.00 hrs/week
$54,046$0$1,976$56,022

4 people received more than $100,000 in reportable compensation from Invest Dsm (Part VII, line 2). Compensation of current officers, directors and key employees totaled $149K (Part IX, line 5).

7 filings since FY2020

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpensesShort periods (after a fiscal-year change) are in the table, not the chart.
$0$5.0M$10M$15M$20MFY2020FY20212022202320242025$10M$13M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$10M$13M95.2%$24M$144,555
2024 ⓘ$11M$7.9M94.2%$27M$221,889
2023 ⓘ$10M$5.2M92.6%$24M$193,498
2022 ⓘ$11M$4.7M91.6%$19M$194,906
FY2021 (6 mo.) ⓘ$111K$3.2M94.2%$13M$178,381
FY2021 ⓘ$10M$3.4M95.1%$16M$125,481
FY2020 ⓘ$5.1M$300K100.0%$4.8M—

Governance answers, as filed

2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 510
  • Volunteers Part I, line 611

Largest outside contractors

2025 · Form 990, Part VII, Section B · businesses only
CUTLER CONSTRUCTIONS
Construction services
$2,089,939
MDH DESIGN
Construction services
$542,758
EXECUTIVE INTERIORS
Construction services
$372,259
DES MOINES RENOVATION COMPANY
Construction services
$315,672
BROWN WINICK GRAVES GROSS BASKER
Legal services
$133,673

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Invest Dsm totaling $23 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Invest Dsm's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Invest Dsm, you can publish a response that is linked from this page.

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Questions people ask

How much of Invest Dsm's spending goes to programs?

In calendar year 2025, Invest Dsm reported that 95.2% of its $13.1 million in expenses went to program services, 4.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Invest Dsm pay its top executive?

The largest total compensation Invest Dsm reported for one person in calendar year 2025 was $144,555, for the role of NEIGHBORHOOD DEVELOPMENT M (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Invest Dsm get its money?

Of $10.4 million in revenue in calendar year 2025, 96.0% came from contributions and grants (including 95.9% from government grants) and 0.1% from program service revenue (Form 990, Part VIII).

Is Invest Dsm a registered charity?

The IRS lists EIN 84-2607571 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2025: Form 990 for calendar year 2025, object 202632469349300843 · read the filing
  • 2024: Form 990 for calendar year 2024, object 202512839349302006 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202402019349300215 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202342759349300119 · read the filing
  • FY2021 (6 mo.): Form 990 for the 6-month short period ending December 31, 2021, object 202231189349302078 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143129349300344 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202043219349302899 · read the filing

All filings for EIN 84-2607571: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.