Civic Intelligence

Faribault Co Regional Development Corp

EIN 26-2994701 • 501(c)6 • Blue Earth, MN

Profile

To promote economic development in faribault county

PO Box 95Blue Earth, MN 56013

www.fcdcorp.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

100th percentile

23679%

Higher net margin than 100% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-100%

Faster asset growth than 7% of similar nonprofits.

501(c)6 • <$500k 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

Assets

Down

$0

Down $172,858 (-100%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $172,858 (-100%) from 2017

Revenue

Down

-$730

Down $146,511 (-101%) from 2017

Expenses

Up

$172,128

Up $9,400 (+5.8%) from 2017

Net Income

Down

-$172,858

Down $155,911 (-920%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2012: $130,046Net Assets 2012: $130,0462012Assets 2013: $141,117Net Assets 2013: $141,1172013Assets 2014: $158,647Net Assets 2014: $158,6472014Assets 2015: $168,928Net Assets 2015: $168,9282015Assets 2016: $189,805Net Assets 2016: $189,8052016Assets 2017: $172,858Net Assets 2017: $172,8582017Assets 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities-
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2012: $143,662Expenses 2012: $138,747Net Income 2012: $4,9152012Revenue 2013: $141,010Expenses 2013: $129,939Net Income 2013: $11,0712013Revenue 2014: $145,393Expenses 2014: $127,863Net Income 2014: $17,5302014Revenue 2015: $137,433Expenses 2015: $127,152Net Income 2015: $10,2812015Revenue 2016: $165,479Expenses 2016: $144,602Net Income 2016: $20,8772016Revenue 2017: $145,781Expenses 2017: $162,728Net Income 2017: -$16,9472017Revenue 2018: -$730Expenses 2018: $172,128Net Income 2018: -$172,8582018

Highlighted filing

2018

Revenue-$730
Expenses$172,128
Net Income-$172,858

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 10, 2019
Return Version
2018v3.1
Gross Receipts
$3,492
Mission and Program Overview

Mission

To promote economic development in faribault county

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION WORKS TO CREATE A STRONGER TAX BASE AND LIVING WAGE OR BETTER JOBS THAT WILL IN TURN BENEFIT THE POPULATION OF THE ENTIRE COUNTY.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KRISTI YOSTAdmin AssistantFT$7,260-$7,260
TRAVIS KEISTERDirector-$0--
MIKE GUSTAFSONChairman-$0--
DEB BARNESDirector-$0--
WADE BARSLOUTreasurer-$0--
RICHARD PRESTEGARDDirector-$0--
CORY MILBRANDTVice President-$0--
JAKE ANDERSONDirector-$0--
RICK ASHDirector-$0--
Filing and Contact Details

Filer

Filer Name
Faribault Co Regional Development Corp
EIN
26-2994701
Phone
5075263241
Address
PO BOX 95, BLUE EARTH, MN 56013

Signing Officer

Name
Cory Milbrandt
Title
Vice President
Signed
2019-05-10
Discuss with paid preparer
Yes

Preparer

Firm
Rollenhagen Tax & Accounting LLC
Address
411 S Grove St Suite 4, Blue Earth, MN 56013
Preparer
Wyatt Rollenhagen CPA
Phone
5075263487
Supplemental Narrative

Additional Explanations

Other Revenue.1

REFUNDS $1482

Other Revenue.2

SALE OF ASSETS $571

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: BLUE EARTH AREA SCHOOLS | Donee's Address: 315 E 6TH ST BLUE EARTH MN 56013 | Cash Amount Given: $75812

Grants and Similar Amounts Paid In Excess of $5,000.2

| Donee's Name: UNITED SOUTH CENTRAL SCHOOLS | Donee's Address: 600 11TH ST SW WELLS MN 56097 | Cash Amount Given: $75811

Other Expenses.1005

Travel $54

Other Expenses.1012

Insurance $3083

Other Expenses.1

Telephone/Internet $340

Other Expenses.2

Other Business Expenses $83

Other Expenses.3

Software $50

Other Assets.1002

Furniture and Fixtures - Beginning $4222 Furniture and Fixtures - Ending $0

Other Assets.1

Other Assets - Beginning $4167 Other Assets - Ending $0

Raw XML Appendix187 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6ADMIN ASSISTANT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt08389
IRS990EZ/OtherExpensesTotalAmt03610
IRS990EZ/OtherRevenueTotalAmt02053
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE ECONOMIC DEVELOPMENT IN FARIBAULT COUNTY
IRS990EZ/PrintingPublicationsPostageAmt050
IRS990EZ/ProgramServiceRevenueAmt01200
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION WORKS TO CREATE A STRONGER TAX BASE AND LIVING WAGE OR BETTER JOBS THAT WILL IN TURN BENEFIT THE POPULATION OF THE ENTIRE COUNTY.
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt08475
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0172128
IRS990EZ/TotalRevenueAmt0-730
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.fcdcorp.net
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0false
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1CASH
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12018-05-08
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22018-05-08
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH VALUE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REFUNDS $1482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SALE OF ASSETS $571
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Donee's Name: BLUE EARTH AREA SCHOOLS | Donee's Address: 315 E 6TH ST BLUE EARTH MN 56013 | Cash Amount Given: $75812
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Donee's Name: UNITED SOUTH CENTRAL SCHOOLS | Donee's Address: 600 11TH ST SW WELLS MN 56097 | Cash Amount Given: $75811
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Travel $54
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance $3083
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Telephone/Internet $340
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other Business Expenses $83
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Software $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Furniture and Fixtures - Beginning $4222 Furniture and Fixtures - Ending $0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Grants and Similar Amounts Paid In Excess of $5,000.2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CORY MILBRANDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FARIBAULT CO REGIONAL DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0FARI
ReturnHeader/Filer/EIN0262994701
ReturnHeader/Filer/PhoneNum05075263241
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 95
ReturnHeader/Filer/USAddress/CityNm0BLUE EARTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056013
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461051889
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rollenhagen Tax & Accounting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0411 S Grove St Suite 4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Blue Earth
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056013
ReturnHeader/PreparerPersonGrp/PhoneNum05075263487
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WYATT ROLLENHAGEN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-10T07:48:36-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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No mirrored PDF or thumbnail assets are attached yet.