Civic Intelligence

Emmetsburg Community Development Corporation

990 • Fiscal year 2018 • EIN 20-5660617

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 04, 2019

Organization ProfileN/A
2101 10th StreetEmmetsburg, IA 50536

(712) 852-2690

Siviq Scores

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

Liabilities / Assets

96th percentile

0.93x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

100th percentile

1786%

Higher net margin than 100% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$581,950

Down $124,197 (-18%) from 2017

Net Assets

Down

$40,314

Down $91,121 (-69%) from 2017

Liabilities

Down

$541,636

Down $33,076 (-5.8%) from 2017

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$3,888

Down $172,594 (-102%) from 2017

Expenses

Down

$65,553

Down $32,483 (-33%) from 2017

Net Income

Down

-$69,441

Down $140,111 (-198%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2018

Assets$581,950
Liabilities$541,636
Net Assets$40,314
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2018

Revenue-$3,888
Expenses$65,553
Net Income-$69,441
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 4, 2019
Return Version
2018v3.1
Gross Receipts
$126,310
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$607,286$478,327▼ $128,959
Cash and Non-Interest-Bearing Accounts$48,861$59,623▲ $10,762
Other Notes and Loans Receivable, Net$50,000$44,000▼ $6,000
Total Assets$706,147$581,950▼ $124,197
Liabilities
Other Liabilities$574,712$537,456▼ $37,256
Deferred Revenue-$4,180-
Total Liabilities$574,712$541,636▼ $33,076
Net Assets / Fund Balance
Unrestricted Net Assets$131,435$40,314▼ $91,121
Total Net Assets Fund Balance$131,435$40,314▼ $91,121
Total Liabilities and Net Assets / Fund Balance$706,147$581,950▼ $124,197

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$6,011$6,011
Equipment-$6,011$6,011
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
Dan CooperPresident
Darrick YoungDirector
Kent KlootwykDirector
Kim KibbieDirector
Kimberly ZimmermanDirector
Ruth BrownDirector
Brian MalmSecretary
Kirk HaackTreasurer
Val NewhouseVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$54,170
Program Service Revenue
$6,340
Investment Income
$0
Other Revenue
$-64,398
All Other Contributions
$20,625
Change in Net Assets
$-69,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$38,111
Other Expenses$27,442
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$32,111--$32,111
Interest$16,084--$16,084
Occupancy$6,483--$6,483
Grants to Domestic Individuals$6,000--$6,000
Fees for Services Accounting-$3,905-$3,905
Advertising$633--$633
Insurance$334--$334
Other Expenses$3--$3
Total Functional Expenses$61,648$3,905$0$65,553
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Other Program Service Costs---$32,111
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Emmetsburg Municipal Utilities$517,456
Due to Pacgdc$20,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

“Kim kibbie 10 n huron st emmetsburg, ia 50536 dan cooper 3006 cullen emmetsburg, ia 50536 kent klootwyk 4670 360th street emmetsburg, ia 50536 kimberly zimmerman 102 n grand emmetsburg, ia 50536 kirk haack 109 n superior emmetsburg, ia 50536 val newhouse 2702 college drive 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

“REQUEST.”

Filing and Contact Details

Filer

Filer Name
Emmetsburg Community Development
EIN
20-5660617
Address
2101 10TH STREET, EMMETSBURG, IA 50536

Signing Officer

Name
Kirk Haack
Title
Treasurer
Phone
7128522262
Signed
2019-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Cooper
Formed
2006
Legal Domicile
Ia
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

“Industrial park land development.”

Form 990, Part XI, Line 9

“Rounding 0 prior years adjustment -option contract -2,180 prior year sale and junk of groc inventory -19,500 total -21,680”

Raw XML Appendix350 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THIS IS FOR NEW THEATRE SEATS FOR THE RIVIERA THEATRE IN EMMETSBURG IA. INVOICES TO SUPPORT THE PURCHASE AND SIGHTING THE ACUTAL SEATS PURCHASED.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE CITY OF EMMETSBURG HAS HAD A DIFFICULT TIME KEEPING A MOVIE THEATRE OPEN TO THE CITIZENS OF EMMETSBURG IA. A LOCAL BUSINESS PURCHASED THE THEATRE AND RUNS THE THEATRE, BUT THE PROFITS ARE NOT ENOUGH TO PURCHASE NEW SEATS IN THE THEATRE WHICH WERE NEEDED. THE THEATRE HELPS TO KEEP PEOPLE IN TOWN AND BRINGS PEOPLE INTO TOWN, WHICH SPURS THE ECONOMY OF THE LOCAL BUSINESSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDUSTRIAL PARK LAND DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KIM KIBBIE 10 N HURON ST EMMETSBURG, IA 50536 DAN COOPER 3006 CULLEN EMMETSBURG, IA 50536 KENT KLOOTWYK 4670 360TH STREET EMMETSBURG, IA 50536 KIMBERLY ZIMMERMAN 102 N GRAND EMMETSBURG, IA 50536 KIRK HAACK 109 N SUPERIOR EMMETSBURG, IA 50536 VAL NEWHOUSE 2702 COLLEGE DRIVE EMMETSBURG, IA 50536
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY GOVERNING BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING 0 PRIOR YEARS ADJUSTMENT -OPTION CONTRACT -2,180 PRIOR YEAR SALE AND JUNK OF GROC INVENTORY -19,500 TOTAL -21,680
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 XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0706147
IRS990/TotalAssetsEOYAmt0581950
IRS990/TotalAssetsGrp/BOYAmt0706147
IRS990/TotalAssetsGrp/EOYAmt0581950
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt054170
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03905
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt061648
IRS990/TotalFunctionalExpensesGrp/TotalAmt065553
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0574712
IRS990/TotalLiabilitiesEOYAmt0541636
IRS990/TotalLiabilitiesGrp/BOYAmt0574712
IRS990/TotalLiabilitiesGrp/EOYAmt0541636
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0131435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt040314
IRS990/TotalOtherProgSrvcExpenseAmt061648
IRS990/TotalOtherProgSrvcGrantAmt038111
IRS990/TotalProgramServiceExpensesAmt061648
IRS990/TotalProgramServiceRevenueAmt06340
IRS990/TotalRevenueGrp/ExclusionAmt0-58058
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-3888
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0706147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0581950
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0131435
IRS990/UnrestrictedNetAssetsGrp/EOYAmt040314
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03006 CULLEN
IRS990/USAddress/CityNm0EMMETSBURG
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050536
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIRK HAACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07128522262
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMMETSBURG COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0EMME
ReturnHeader/Filer/EIN0205660617
ReturnHeader/Filer/USAddress/AddressLine1Txt02101 10TH STREET
ReturnHeader/Filer/USAddress/CityNm0EMMETSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050536
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A35FF589CA5F3E3BD242B5679D43F0DB3D103A42
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId095EEFCAB56D332BAC1BA0B1099323215781E1C47
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02019-09-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:48:01
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/PreparationDt02019-09-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWIN J BURDORF
ReturnHeader/ReturnTs02019-09-03T08:48:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$581,950
Liabilities
$541,636
Net assets
$40,314
Revenue
-$3,888
Expenses
$65,553
Net income
-$69,441
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