Civic Intelligence

Scandinavian-American Economic Development Alliance Inc

EIN 27-0111247 • 501(c)6

Profile

Enhance and promote trade, commerce and investment between all of scandinavia and the american states of alabama, arkansas, colorado, kentucky, louisiana, mississippi, tennessee and texas.

PO Box 24839130-0248

www.scandinavianamericaneda.org

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 2013

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2013

Net Margin

1st percentile

-839150%

Higher net margin than 1% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2013

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2013

Asset Growth

8th percentile

-100%

Faster asset growth than 8% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $16,783 (-100%) from 2012

Liabilities

Flat

$0

Flat from 2012

Net Assets

Down

$0

Down $16,783 (-100%) from 2012

Operations
Liabilities / Revenue51st percentileNet Margin1st percentile

Revenue

$2

No earlier filing loaded for comparison.

Expenses

Up

$16,785

Up $6,006 (+56%) from 2012

Net Income

-$16,783

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

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

$30K$20K$10K$0Assets 2010: $27,857Liabilities 2010: $3,440Net Assets 2010: $24,4172010Assets 2011: $21,530Liabilities 2011: $0Net Assets 2011: $21,5302011Assets 2012: $16,783Liabilities 2012: $0Net Assets 2012: $16,7832012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013

Highlighted filing

2013

Assets$0
Liabilities$0
Net Assets$0
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60K$40K$20K$0-$20KExpenses 2010: $55,5672010Expenses 2011: $20,9332011Expenses 2012: $10,7792012Revenue 2013: $2Expenses 2013: $16,785Net Income 2013: -$16,7832013

Highlighted filing

2013

Revenue$2
Expenses$16,785
Net Income-$16,783
Open 2013 Filing

Filings

Most recent year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$2
Expenses
$16,785
Net income
-$16,783
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$16.8$16.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$0.00$16.8$10.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$0.00$21.5$20.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$3.44$24.4$55.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 28, 2014
Return Version
2013v3.0
Gross Receipts
$2
Mission and Program Overview

Mission

Enhance and promote trade, commerce and investment between all of scandinavia and the american states of alabama, arkansas, colorado, kentucky, louisiana, mississippi, tennessee and texas.

To enhance and promote trade, commerce and investment

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,284$0▼ $16,284
Land, Buildings, and Equipment, Net$499$0▼ $499
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$16,783$0▼ $16,783
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$16,783$0▼ $16,783
Total Net Assets Fund Balance$16,783$0▼ $16,783
Total Liabilities and Net Assets / Fund Balance$16,783$0▼ $16,783
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Mike DemsterPresident
Cecilia KjellgrenAlabama Director
Hilda C LockhartAlabama Director
Jonas LyborgAlabama Director
O William EvansAlabama Director
Tracia BusseyAlabama Director
Allen MaxwellArkansas Director
Carol P WilliamsArkansas Director
Randy ZookArkansas Director
Steve K RustArkansas Director
W Dan HendrixArkansas Director
Commissioner Erik DunniganKentucky Director
Daniel E TobergteKentucky Director
Eileen PickettKentucky Director
Larry HayesKentucky Director
Mayor William M Cox JrKentucky Director
Larry CollinsLouisiana Director
Malin MaitrejeanLouisiana Director
Mayor Shelton Mac WattsLouisiana Director
Thomas D WestfeldtLouisiana Director
Tom EdwardsLouisiana Director
Paul ArringtonMississippi Director
Professor Michael MetcalfMississippi Director
S Craig Panter EsqMississippi Director
Steve VassalloMississippi Director
William C SchenckMississippi Director
Andrew RussellTennessee Director
Blewett MeltonTennessee Director
Ted TownsendTennessee Director
Elyse ErikssonTexas Director
Marc FarmerTexas Director
Marianne RandalsTexas Director
Mary Larson DiazTexas Director
Merle TaylorTexas Director
Greg BeuermanAd-hoc Member
Ingvar HaglofAd-hoc Member
James M Baldwin JrAd-hoc Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
Change in Net Assets
$-16,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$3,893
Fees for Services Management---$3,500
Office Expenses---$711
Depreciation Depletion---$284
Other Expenses---$215
Travel---$141
Total Functional Expenses$0$0$0$16,785
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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, Part VI, Section B, Line 11

“The 990 is prepared by an independent cpa firm. Information needed to complete the form is provided by management. The form 990 is reviewed by the president. Upon approval, the president signs the form 990 and a file copy is maintained in the organization's office.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
27-0111247
Phone
6015941919

Signing Officer

Name
Mike Demster
Title
President
Phone
6015941919
Signed
2014-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Demster
Formed
2005
Legal Domicile
Ms
Voting Board Members
34
Independent Board Members
34
Employees
0
Volunteers
0

Preparer

Preparer
J Robert Barr Iii
Phone
6017077536
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The board of directors elected to terminate operations of the organization during 2013. The organization was dissolved with an effective date of june 30, 2013.”

Raw XML AppendixShowing 400 of 511 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/TitleTxt0ALABAMA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1ALABAMA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2ALABAMA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3ALABAMA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4ALABAMA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ARKANSAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6ARKANSAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ARKANSAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8ARKANSAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9ARKANSAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10KENTUCKY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11KENTUCKY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12KENTUCKY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13KENTUCKY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14KENTUCKY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15LOUISIANA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16LOUISIANA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17LOUISIANA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18LOUISIANA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19LOUISIANA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20MISSISSIPPI DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21MISSISSIPPI DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22MISSISSIPPI DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23MISSISSIPPI DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24MISSISSIPPI DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25TENNESSEE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26TENNESSEE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27TENNESSEE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28TEXAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29TEXAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30TEXAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31TEXAS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32TEXAS DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt34AD-HOC MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt35AD-HOC MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt36PRESIDENT
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IRS990/MissionDesc0ENHANCE AND PROMOTE TRADE, COMMERCE AND INVESTMENT BETWEEN ALL OF SCANDINAVIA AND THE AMERICAN STATES OF ALABAMA, ARKANSAS, COLORADO, KENTUCKY, LOUISIANA, MISSISSIPPI, TENNESSEE AND TEXAS.
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