Civic Intelligence

Emmetsburg Community Development Corporation

990 • Fiscal year 2022 • EIN 20-5660617

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 06, 2022

Organization ProfileN/A
2021 Main StEmmetsburg, IA 50536

(712) 298-0204

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.63x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

9.65x

Higher debt load relative to revenue than 100% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

95th percentile

42%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Asset Growth

58th percentile

5.5%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

60%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$741,043

Up $38,909 (+5.5%) from 2021

Net Assets

Up

$276,574

Up $20,434 (+8.0%) from 2021

Liabilities

Up

$464,469

Up $18,475 (+4.1%) from 2021

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin95th percentile

Revenue

Up

$48,142

Up $18,091 (+60%) from 2021

Expenses

Up

$27,708

Up $20,372 (+278%) from 2021

Net Income

Down

$20,434

Down $2,281 (-10%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2010: $660,348Liabilities 2010: $618,149Net Assets 2010: $42,1992010Assets 2011: $658,930Liabilities 2011: $607,303Net Assets 2011: $51,6272011Assets 2012: $580,559Liabilities 2012: $585,912Net Assets 2012: -$5,3532012Assets 2013: $589,571Liabilities 2013: $575,007Net Assets 2013: $14,5642013Assets 2014: $591,393Liabilities 2014: $561,515Net Assets 2014: $29,8782014Assets 2015: $593,184Liabilities 2015: $547,344Net Assets 2015: $45,8402015Assets 2016: $683,222Liabilities 2016: $622,457Net Assets 2016: $60,7652016Assets 2017: $706,147Liabilities 2017: $574,712Net Assets 2017: $131,4352017Assets 2018: $581,950Liabilities 2018: $541,636Net Assets 2018: $40,3142018Assets 2019: $818,877Liabilities 2019: $597,873Net Assets 2019: $221,0042019Assets 2020: $950,849Liabilities 2020: $700,007Net Assets 2020: $250,8422020Assets 2021: $702,134Liabilities 2021: $445,994Net Assets 2021: $256,1402021Assets 2022: $741,043Liabilities 2022: $464,469Net Assets 2022: $276,5742022Assets 2023: $800,862Liabilities 2023: $462,665Net Assets 2023: $338,1972023Assets 2024: $1,437,386Liabilities 2024: $928,408Net Assets 2024: $508,9782024

Highlighted filing

2022

Assets$741,043
Liabilities$464,469
Net Assets$276,574
Open 2022 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $45,7552010Expenses 2011: $39,1252011Expenses 2012: $49,6342012Revenue 2013: $62,893Expenses 2013: $42,977Net Income 2013: $19,9162013Revenue 2014: $48,979Expenses 2014: $33,665Net Income 2014: $15,3142014Revenue 2015: $48,146Expenses 2015: $32,184Net Income 2015: $15,9622015Revenue 2016: $58,146Expenses 2016: $43,221Net Income 2016: $14,9252016Revenue 2017: $168,706Expenses 2017: $98,036Net Income 2017: $70,6702017Revenue 2018: -$3,888Expenses 2018: $65,553Net Income 2018: -$69,4412018Revenue 2019: $205,955Expenses 2019: $25,265Net Income 2019: $180,6902019Revenue 2020: $47,316Expenses 2020: $17,478Net Income 2020: $29,8382020Revenue 2021: $30,051Expenses 2021: $7,336Net Income 2021: $22,7152021Revenue 2022: $48,142Expenses 2022: $27,708Net Income 2022: $20,4342022Revenue 2023: $92,944Expenses 2023: $31,321Net Income 2023: $61,6232023Revenue 2024: $271,725Expenses 2024: $100,944Net Income 2024: $170,7812024

Highlighted filing

2022

Revenue$48,142
Expenses$27,708
Net Income$20,434
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 6, 2022
Return Version
2021v4.0
Gross Receipts
$315,970
Mission and Program Overview

Mission

Promotion of community welfare and provide economic development assistance in emmetsburg, iowa,to finance and develope land for an industrial development park in emmetsburg, iowa.

Promotion of community welfare and provide economic development assistance in emmetsburg, iowa, to finance and develope land for an industrial development park in emmetsburg iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$536,074$516,324▼ $19,750
Cash and Non-Interest-Bearing Accounts$154,017$218,655▲ $64,638
Other Notes and Loans Receivable, Net$12,000$6,000▼ $6,000
Total Assets$702,134$741,043▲ $38,909
Other Assets Total$43$64▲ $21
Liabilities
Unsecured Notes Loans Payable$430,373$416,373▼ $14,000
Accounts Payable and Accrued Expenses$13,127$45,602▲ $32,475
Deferred Revenue$2,494$2,494→ $0
Total Liabilities$445,994$464,469▲ $18,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$256,140$273,663▲ $17,523
Net Assets With Donor Restrictions-$2,911-
Total Net Assets Fund Balance$256,140$276,574▲ $20,434
Total Liabilities and Net Assets / Fund Balance$702,134$741,043▲ $38,909

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,011-
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Brian MalmPresident
Cory JennessDirector
Kim KibbieDirector
Kyle CavenDirector
Steve CodyDirector
Gretchen ReichterSecrtary
Kirk HaackTreasurer
Dan CooperVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$25,049
Program Service Revenue
$4,988
Investment Income
$0
Other Revenue
$18,105
All Other Contributions
$4,400
Change in Net Assets
$20,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,708
Grants and Similar Amounts Paid$6,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$12,016--$12,016
Grants to Domestic Individuals$6,000--$6,000
Fees for Services Other$5,000--$5,000
Fees for Services Accounting-$2,650-$2,650
Occupancy$1,124--$1,124
Advertising$589--$589
Insurance$329--$329
Total Functional Expenses$25,058$2,650$0$27,708
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Dan cooper 310 ford road emmetsburg , ia 50536 cory jenness 205 king street emmetsburg , ia 50536 kirk haack 109 n superior emmetsburg, ia 50536 brian malm 1108 palmer emmetsburg , ia 50536 kyle caven 104 ford rd emmetsburg , ia 50536 steve cody 2109 6th street emmetsburg , ia 50536 kim kibbie 2021 main street emmetsburg , ia 50536 gretchen reichter 2021 main street emmetsburg , ia 50536”

Form 990, Page 6, Part VI, Line 11B

“Reviewed by governing board prior to filing.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Emmetsburg Community Development
EIN
20-5660617
Phone
7122980204
Address
2021 MAIN ST, EMMETSBURG, IA 50536

Signing Officer

Name
Kirk Haack
Title
Treasurer
Phone
7128522262
Signed
2022-10-06

Organization Details

Principal Officer
Kirk Haack
Formed
2006
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Fort & Schlegel CPA Pc
Address
PO BOX 420, EMMETSBURG, IA 50536-1509
Preparer
Edwin J Burdorf
Phone
7128524464
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Promtion of community welfare and provide economic development assistance in emmetsburg, iowa, to finance and develope land for an industrial development park in emmetsburg, iowa”

Form 990, Part IX, Line 11G

“Rral housing assessment fees 5,000 0 0”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMTION OF COMMUNITY WELFARE AND PROVIDE ECONOMIC DEVELOPMENT ASSISTANCE IN EMMETSBURG, IOWA, TO FINANCE AND DEVELOPE LAND FOR AN INDUSTRIAL DEVELOPMENT PARK IN EMMETSBURG, IOWA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAN COOPER 310 FORD ROAD EMMETSBURG , IA 50536 CORY JENNESS 205 KING STREET EMMETSBURG , IA 50536 KIRK HAACK 109 N SUPERIOR EMMETSBURG, IA 50536 BRIAN MALM 1108 PALMER EMMETSBURG , IA 50536 KYLE CAVEN 104 FORD RD EMMETSBURG , IA 50536 STEVE CODY 2109 6TH STREET EMMETSBURG , IA 50536 KIM KIBBIE 2021 MAIN STREET EMMETSBURG , IA 50536 GRETCHEN REICHTER 2021 MAIN STREET EMMETSBURG , IA 50536
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY GOVERNING BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RRAL HOUSING ASSESSMENT FEES 5,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0702134
IRS990/TotalAssetsEOYAmt0741043
IRS990/TotalAssetsGrp/BOYAmt0702134
IRS990/TotalAssetsGrp/EOYAmt0741043
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025049
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02650
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025058
IRS990/TotalFunctionalExpensesGrp/TotalAmt027708
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0445994
IRS990/TotalLiabilitiesEOYAmt0464469
IRS990/TotalLiabilitiesGrp/BOYAmt0445994
IRS990/TotalLiabilitiesGrp/EOYAmt0464469
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0256140
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0276574
IRS990/TotalOtherProgSrvcExpenseAmt025058
IRS990/TotalOtherProgSrvcGrantAmt06000
IRS990/TotalOtherProgSrvcRevenueAmt04989
IRS990/TotalProgramServiceExpensesAmt025058
IRS990/TotalProgramServiceRevenueAmt04988
IRS990/TotalRevenueGrp/ExclusionAmt023070
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt048142
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0702134
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0741043
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0430373
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0416373
IRS990/USAddress/AddressLine1Txt0109 N SUPERIOR
IRS990/USAddress/CityNm0EMMETSBURG
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050536
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KIRK HAACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07128522262
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMMETSBURG COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0EMME
ReturnHeader/Filer/EIN0205660617
ReturnHeader/Filer/PhoneNum07122980204
ReturnHeader/Filer/USAddress/AddressLine1Txt02021 MAIN ST
ReturnHeader/Filer/USAddress/CityNm0EMMETSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050536
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822148135
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORT & SCHLEGEL CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 420
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EMMETSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0505361509
ReturnHeader/PreparerPersonGrp/PhoneNum07128524464
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWIN J BURDORF
ReturnHeader/ReturnTs02022-10-06T12:12:14-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KIRK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAACK
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$741,043
Liabilities
$464,469
Net assets
$276,574
Revenue
$48,142
Expenses
$27,708
Net income
$20,434
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.44$0.93$0.51$0.27$0.10$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.46$0.34$0.09$0.03$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.74$0.46$0.28$0.05$0.03$0.02
2021Summary only. Only limited summary data is available for this year.$0.70$0.45$0.26$0.03$0.01$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.70$0.25$0.05$0.02$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.60$0.22$0.21$0.03$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.58$0.54$0.04$0.00$0.07$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.57$0.13$0.17$0.10$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.62$0.06$0.06$0.04$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.55$0.05$0.05$0.03$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.56$0.03$0.05$0.03$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.59$0.58$0.01$0.06$0.04$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.59$0.01$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.61$0.05$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.62$0.04$0.05