Civic Intelligence

Regional Technical Education Center Inc.

990 • Fiscal year 2021 • EIN 34-2014700

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 15, 2022

1200 West 21st StreetYankton, SD 57078

(605) 668-5700

Siviq Scores

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

Liabilities / Assets

79th percentile

0.13x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.07x

Higher debt load relative to revenue than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

62nd percentile

18%

Higher net margin than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$49,941

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

69th percentile

24%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

285%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$242,210

Up $47,384 (+24%) from 2020

Net Assets

Up

$210,622

Up $77,920 (+59%) from 2020

Liabilities

Down

$31,588

Down $30,536 (-49%) from 2020

Revenue

Up

$437,585

Up $323,848 (+285%) from 2020

Expenses

Up

$359,665

Up $67,616 (+23%) from 2020

Net Income

Up

$77,920

Up $256,232 (+144%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $106,598Liabilities 2010: $70,647Net Assets 2010: $35,9512010Assets 2011: $73,579Liabilities 2011: $35,299Net Assets 2011: $38,2802011Assets 2012: $56,444Liabilities 2012: $34,937Net Assets 2012: $21,5072012Assets 2013: $129,495Liabilities 2013: $88,379Net Assets 2013: $41,1162013Assets 2014: $355,895Liabilities 2014: $25,661Net Assets 2014: $330,2342014Assets 2015: $379,355Liabilities 2015: $18,521Net Assets 2015: $360,8342015Assets 2016: $437,881Liabilities 2016: $18,907Net Assets 2016: $418,9742016Assets 2017: $344,489Liabilities 2017: $7,679Net Assets 2017: $336,8102017Assets 2018: $381,470Liabilities 2018: $22,289Net Assets 2018: $359,1812018Assets 2019: $329,113Liabilities 2019: $18,099Net Assets 2019: $311,0142019Assets 2020: $194,826Liabilities 2020: $62,124Net Assets 2020: $132,7022020Assets 2021: $242,210Liabilities 2021: $31,588Net Assets 2021: $210,6222021Assets 2022: $333,994Liabilities 2022: $89,846Net Assets 2022: $244,1482022Assets 2023: $253,017Liabilities 2023: $66,258Net Assets 2023: $186,7592023Assets 2024: $117,541Liabilities 2024: $51,117Net Assets 2024: $66,4242024

Highlighted filing

2021

Assets$242,210
Liabilities$31,588
Net Assets$210,622

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $385,0172010Expenses 2011: $448,8112011Expenses 2012: $496,4192012Revenue 2013: $320,095Expenses 2013: $383,672Net Income 2013: -$63,5772013Revenue 2014: $657,176Expenses 2014: $462,748Net Income 2014: $194,4282014Revenue 2015: $477,969Expenses 2015: $444,334Net Income 2015: $33,6352015Revenue 2016: $512,266Expenses 2016: $431,804Net Income 2016: $80,4622016Revenue 2017: $302,476Expenses 2017: $384,640Net Income 2017: -$82,1642017Revenue 2018: $397,501Expenses 2018: $375,130Net Income 2018: $22,3712018Revenue 2019: $285,083Expenses 2019: $329,850Net Income 2019: -$44,7672019Revenue 2020: $113,737Expenses 2020: $292,049Net Income 2020: -$178,3122020Revenue 2021: $437,585Expenses 2021: $359,665Net Income 2021: $77,9202021Revenue 2022: $517,822Expenses 2022: $484,296Net Income 2022: $33,5262022Revenue 2023: $411,572Expenses 2023: $468,961Net Income 2023: -$57,3892023Revenue 2024: $344,387Expenses 2024: $464,722Net Income 2024: -$120,3352024

Highlighted filing

2021

Revenue$437,585
Expenses$359,665
Net Income$77,920
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 15, 2022
Return Version
2021v4.0
Gross Receipts
$437,585
Mission and Program Overview

Mission

To provide high quality, affordable technical education and training opportunities which will enhance the abilities of indviduals to obtain and retain employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$77,487$124,660▲ $47,173
Land, Buildings, and Equipment, Net$104,088$81,643▼ $22,445
Accounts Receivable$13,251$34,337▲ $21,086
Prepaid Expenses and Deferred Charges-$1,570-
Total Assets$194,826$242,210▲ $47,384
Liabilities
Other Liabilities$34,200--
Accounts Payable and Accrued Expenses$17,024$25,688▲ $8,664
Deferred Revenue$10,900$5,900▼ $5,000
Total Liabilities$62,124$31,588▼ $30,536
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$132,702$210,622▲ $77,920
Total Net Assets Fund Balance$132,702$210,622▲ $77,920
Total Liabilities and Net Assets / Fund Balance$194,826$242,210▲ $47,384

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$81,643$372,833$454,476
Buildings-$125,100$125,100
Equipment-$18,295$18,295
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Monte GulickGeneral ManaFT$44,603$5,338$49,941

Board Members and Trustees

NameTitle
Ron KraftChairman
Steve JorgensonVice Chair
Alex JohnsonDirector
Denise KneiflDirector
Don KetteringDirector
Jessie StarkDirector
Kathy GreenewayDirector
Kevin BenderDirector
Lacey JohnsonDirector
Mary Anne BoydDirector
Nancy WenandeDirector
Nathan WelchDirector
Rita NelsonDirector
Rochell LindquistDirector
Todd DvoracekSecretary
Brenda SpencerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$126,909
Program Service Revenue
$310,535
Investment Income
$141
Other Revenue
$0
Change in Net Assets
$77,920

Audited Revenue Reconciliation

Revenue per Audited Statements
$437,585
Total Revenue per Audited Statements
$437,585
Total Revenue per Form 990
$437,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$197,220
Other Expenses$162,445
Total Fundraising Expense$35,789
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$74,620$15,332$32,336$122,288
Other Expenses$70,755--$70,755
Current Officers, Directors, Trustees, and Key Employees-$44,603-$44,603
Depreciation Depletion$22,443--$22,443
Occupancy$2,969$17,984-$20,953
Fees for Services Accounting-$15,680-$15,680
Insurance-$13,747-$13,747
Other Employee Benefits-$13,191-$13,191
Payroll Taxes$5,522$4,821$2,021$12,364
Office Expenses-$9,438-$9,438
Pension Plan Contributions$382$2,960$1,432$4,774
Advertising-$4,756-$4,756
Travel-$4,673-$4,673
Total Functional Expenses$176,691$147,185$35,789$359,665

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$359,665
Total Expenses per Audited Statements$359,665
Total Expenses per Form 990$359,665
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
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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 11B

Prepared by cpa firm and reviewed by the board.

Form 990, Page 6, Part VI, Line 15A

Board reviews and approves all salary increases which are based on current economic conditions, employee experience and training, and the current financial state of the organization.

Form 990, Page 6, Part VI, Line 15B

Board reviews and approves all salary increases which are based on current economic conditions, employee experience and training, and the current financial state of the organization.

Form 990, Page 6, Part VI, Line 18

GUIDESTAR.COM

Form 990, Page 6, Part VI, Line 19

ON REQUEST

Filing and Contact Details

Filer

Filer Name
Regional Technical Education
EIN
34-2014700
Phone
6056685700
Address
1200 WEST 21ST STREET, YANKTON, SD 57078

Signing Officer

Name
Monte Gulick
Title
General Manager
Phone
6056685700
Signed
2022-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monte Gulick
Formed
2004
Legal Domicile
Sd
Voting Board Members
17
Independent Board Members
16
Employees
7
Volunteers
16

Preparer

Firm
Wohlenberg Ritzman & Co LLC
Address
PO BOX 1018, YANKTON, SD 57078
Preparer
Kathleen Doyle
Phone
6056654401
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Board members who serve without compensation

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01570
IRS990/PrincipalOfficerNm0MONTE GULICK
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IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120107
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2132
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0290296
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IRS990/PYSalariesCompEmpBnftPaidAmt0153402
IRS990/PYTotalExpensesAmt0292049
IRS990/PYTotalRevenueAmt0113737
IRS990/ReconcilationRevenueExpnssAmt077920
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt052329
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0336836
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0320
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0275
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0311383
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0192
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0320
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0372
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IRS990ScheduleA/Total509Grp/TotalAmt01535223
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0285083
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0125100
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018295
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IRS990ScheduleD/ExpensesSubtotalAmt0359665
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0372833
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0454476
IRS990ScheduleD/RevenueSubtotalAmt0437585
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS WHO SERVE WITHOUT COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPARED BY CPA FIRM AND REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEWS AND APPROVES ALL SALARY INCREASES WHICH ARE BASED ON CURRENT ECONOMIC CONDITIONS, EMPLOYEE EXPERIENCE AND TRAINING, AND THE CURRENT FINANCIAL STATE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD REVIEWS AND APPROVES ALL SALARY INCREASES WHICH ARE BASED ON CURRENT ECONOMIC CONDITIONS, EMPLOYEE EXPERIENCE AND TRAINING, AND THE CURRENT FINANCIAL STATE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GUIDESTAR.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0126909
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt035789
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147185
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176691

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.51$0.66$3.44$4.65$1.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$0.66$1.87$4.12$4.69$0.57
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.34$0.90$2.44$5.18$4.84$0.34
2021Detailed filing. Detailed filing data is available for this year.$2.42$0.32$2.11$4.38$3.60$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.62$1.33$1.14$2.92$1.78
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$0.18$3.11$2.85$3.30$0.45
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$0.22$3.59$3.98$3.75$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$0.08$3.37$3.02$3.85$0.82
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$0.19$4.19$5.12$4.32$0.80
2015Detailed filing. Detailed filing data is available for this year.$3.79$0.19$3.61$4.78$4.44$0.34
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.26$3.30$6.57$4.63$1.94
2013Detailed filing. Detailed filing data is available for this year.$1.29$0.88$0.41$3.20$3.84$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.35$0.22$4.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.35$0.38$4.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.71$0.36$3.85
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits