Civic Intelligence

Emmetsburg Community Development Corporation

990 • Fiscal year 2020 • EIN 20-5660617

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 01, 2021

Organization ProfileN/A
2021 Main StEmmetsburg, IA 50536

(712) 852-2645

Siviq Scores

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

Liabilities / Assets

94th percentile

0.74x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

14.79x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

98th percentile

63%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

71st percentile

16%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$950,849

Up $131,972 (+16%) from 2019

Net Assets

Up

$250,842

Up $29,838 (+14%) from 2019

Liabilities

Up

$700,007

Up $102,134 (+17%) from 2019

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin98th percentile

Revenue

Down

$47,316

Down $158,639 (-77%) from 2019

Expenses

Down

$17,478

Down $7,787 (-31%) from 2019

Net Income

Down

$29,838

Down $150,852 (-83%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2020

Assets$950,849
Liabilities$700,007
Net Assets$250,842
Open 2020 Filing

Operations Trend

Revenue Growth2nd 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

2020

Revenue$47,316
Expenses$17,478
Net Income$29,838
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 1, 2021
Return Version
2020v4.0
Gross Receipts
$299,711
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$566,185$855,906▲ $289,721
Cash and Non-Interest-Bearing Accounts$214,692$82,943▼ $131,749
Other Notes and Loans Receivable, Net$38,000$12,000▼ $26,000
Total Assets$818,877$950,849▲ $131,972
Liabilities
Other Liabilities$597,873$690,007▲ $92,134
Deferred Revenue-$10,000-
Total Liabilities$597,873$700,007▲ $102,134
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$221,004$250,842▲ $29,838
Total Net Assets Fund Balance$221,004$250,842▲ $29,838
Total Liabilities and Net Assets / Fund Balance$818,877$950,849▲ $131,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$6,011$6,011
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Dan CooperPresident
Darren HannaDirector
Gretchen ReichterDirector
Kim KibbieDirector
Kyle CavenDirector
Steve CodyDirector
Brian MalmSecretary
Kirk HaackTreasurer
Val NewhouseVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$20,772
Program Service Revenue
$10,908
Investment Income
$0
Other Revenue
$15,636
Change in Net Assets
$29,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,478
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$7,272--$7,272
Grants to Domestic Individuals$6,000--$6,000
Fees for Services Accounting-$2,465-$2,465
Occupancy$1,185--$1,185
Other Expenses$556--$556
Total Functional Expenses$15,013$2,465$0$17,478
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$444,373
Emmetsburg Municipal Utilities-rp$245,634
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

“Kim kibbie 10 n huron st emmetsburg, ia 50536 dan cooper 3006 cullen emmetsburg, ia 50536 steve cody 777 main street 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
2021 MAIN ST, EMMETSBURG, IA 50536

Signing Officer

Name
Kirk Haack
Title
Treasurer
Phone
7128522262
Signed
2021-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirk Haack
Formed
2006
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
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 0 prior year sale and junk of groc inventory 0”

Raw XML Appendix344 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KIM KIBBIE 10 N HURON ST EMMETSBURG, IA 50536 DAN COOPER 3006 CULLEN EMMETSBURG, IA 50536 STEVE CODY 777 MAIN STREET 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 0 PRIOR YEAR SALE AND JUNK OF GROC INVENTORY 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 XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0950849
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IRS990/TotalAssetsGrp/EOYAmt0950849
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IRS990/TotalContributionsAmt020772
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02465
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015013
IRS990/TotalFunctionalExpensesGrp/TotalAmt017478
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0597873
IRS990/TotalLiabilitiesEOYAmt0700007
IRS990/TotalLiabilitiesGrp/BOYAmt0597873
IRS990/TotalLiabilitiesGrp/EOYAmt0700007
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0221004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0250842
IRS990/TotalOtherProgSrvcExpenseAmt015013
IRS990/TotalOtherProgSrvcGrantAmt06000
IRS990/TotalProgramServiceExpensesAmt015013
IRS990/TotalProgramServiceRevenueAmt010908
IRS990/TotalRevenueGrp/ExclusionAmt026544
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt047316
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0818877
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0950849
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 N SUPERIOR
IRS990/USAddress/CityNm0EMMETSBURG
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050536
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIRK HAACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07128522262
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMMETSBURG COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0EMME
ReturnHeader/Filer/EIN0205660617
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/PreparationDt02021-02-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWIN J BURDORF
ReturnHeader/ReturnTs02021-02-01T08:18:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KIRK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAACK
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$950,849
Liabilities
$700,007
Net assets
$250,842
Revenue
$47,316
Expenses
$17,478
Net income
$29,838
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