Civic Intelligence

Lewis & Clark Certified Development Company

990 • Fiscal year 2019 • EIN 35-2370257

Oct 01, 2018 to Sep 30, 2019 • Filed on Sep 13, 2020

200 1st Ave NWMandan, ND 58554

(701) 667-7621

Siviq Scores

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

Liabilities / Assets

100th percentile

1794.86x

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

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

5.42x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Asset Growth

2nd percentile

-98%

Faster asset growth than 2% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

7.1%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$677

Down $27,461 (-98%) from 2018

Net Assets

Down

-$1,214,445

Down $54,275 (-4.7%) from 2018

Liabilities

Up

$1,215,122

Up $26,814 (+2.3%) from 2018

Revenue

Up

$224,155

Up $14,791 (+7.1%) from 2018

Expenses

Down

$278,430

Down $23,350 (-7.7%) from 2018

Net Income

Up

-$54,275

Up $38,141 (+41%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2014: $27,604Liabilities 2014: $672,540Net Assets 2014: -$644,9362014Assets 2015: $27,940Liabilities 2015: $867,127Net Assets 2015: -$839,1872015Assets 2017: $28,171Liabilities 2017: $1,095,925Net Assets 2017: -$1,067,7542017Assets 2018: $28,138Liabilities 2018: $1,188,308Net Assets 2018: -$1,160,1702018Assets 2019: $677Liabilities 2019: $1,215,122Net Assets 2019: -$1,214,4452019Assets 2020: $38,646Liabilities 2020: $1,219,823Net Assets 2020: -$1,181,1772020Assets 2021: $111,021Liabilities 2021: $1,206,210Net Assets 2021: -$1,095,1892021Assets 2022: $55,334Liabilities 2022: $1,128,414Net Assets 2022: -$1,073,0802022Assets 2023: $51,486Liabilities 2023: $1,123,423Net Assets 2023: -$1,071,9372023Assets 2024: $58,843Liabilities 2024: $1,007,811Net Assets 2024: -$948,9682024

Highlighted filing

2019

Assets$677
Liabilities$1,215,122
Net Assets-$1,214,445

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2014: $118,406Expenses 2014: $344,376Net Income 2014: -$225,9702014Revenue 2015: $133,079Expenses 2015: $327,330Net Income 2015: -$194,2512015Revenue 2017: $297,587Expenses 2017: $438,977Net Income 2017: -$141,3902017Revenue 2018: $209,364Expenses 2018: $301,780Net Income 2018: -$92,4162018Revenue 2019: $224,155Expenses 2019: $278,430Net Income 2019: -$54,2752019Revenue 2020: $286,590Expenses 2020: $253,322Net Income 2020: $33,2682020Revenue 2021: $290,389Expenses 2021: $204,401Net Income 2021: $85,9882021Revenue 2022: $268,533Expenses 2022: $246,424Net Income 2022: $22,1092022Revenue 2023: $289,187Expenses 2023: $288,044Net Income 2023: $1,1432023Revenue 2024: $412,529Expenses 2024: $289,560Net Income 2024: $122,9692024

Highlighted filing

2019

Revenue$224,155
Expenses$278,430
Net Income-$54,275
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Sep 13, 2020
Return Version
2018v3.1
Gross Receipts
$224,155
Mission and Program Overview

Mission

Economic Development by working with the SBA (Small Business Administration) and private sector lenders to provide financing to small businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$1,175,000$1,200,000▲ $25,000
Savings and Temporary Cash Investments$28,138$677▼ $27,461
Cash and Non-Interest-Bearing Accounts-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$28,138$677▼ $27,461
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$13,308$15,122▲ $1,814
Total Liabilities$1,188,308$1,215,122▲ $26,814
Net Assets / Fund Balance
Unrestricted Net Assets$-1,160,170$-1,214,445▼ $54,275
Total Net Assets Fund Balance$-1,160,170$-1,214,445▼ $54,275
Total Liabilities and Net Assets / Fund Balance$28,138$677▼ $27,461
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad ThompsonPresident
Julie FritzVice President
Brek MaxonDirector
Chad WachterDirector
Joel EricksonDirector
Keith OlsonDirector
Mark DettlingDirector
Stephanie HoffartDirector
Steve IsleDirector
Tj RooneyDirector
Brent EkstromExecutive Director
Nathan SchneiderSec/treas

Highest Paid Contractors

ContractorServicesLocationCompensation
Lewis & Clark Regional Development CouncilContr Labor/staffing200 1ST AVE NW, Mandan, ND 58554$172,238
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$224,149
Investment Income
$6
Other Revenue
$0
Change in Net Assets
$-54,275

Audited Revenue Reconciliation

Revenue per Audited Statements
$224,155
Total Revenue per Audited Statements
$224,155
Total Revenue per Form 990
$224,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$278,430
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 Other$164,014$18,224-$182,238
Fees for Services Accounting$13,877$1,542-$15,419
Travel$12,470$1,385-$13,855
Other Expenses$13,019--$13,019
Advertising$11,326--$11,326
Information Technology$9,986$1,109-$11,095
Insurance$4,213$468-$4,681
Office Expenses$1,205$134-$1,339
Total Functional Expenses$255,568$22,862$0$278,430

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$278,430
Total Expenses per Audited Statements$278,430
Total Expenses per Form 990$278,430
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,175,000$1,200,000▲ $25,000
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 will be e-mailed to the joint finance committee for review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to fill out conflict of interest forms annually. If a conflict or appearance of a conflict arises, the board member is required to abstain from voting. If the members's employer is the lead lender, the member is required to declare a conflict and abstain from voting.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon written, telephone, or e-mail request to the organization's office. Copies will be provided for a nominal fee.

Part VII Section B and Part IX Line 11G

Lcrdc started the lewis & clark cdc and has provided the staffing and office space for the cdc since inception. At this time the cdc has accrued $1,200,000 of amounts payable to lcrdc for services since inception in 2011. Repayment started in 2014 and beginning 1/1/2018 expenses have been reimbursed monthly and the balance of the payable was transferred to a long-term note payable with payments beginning in may 2018. Staffing provided includes three employees (a loan officer and two loan credit officers) who together dedicate about 2,107.5 hours to cdc activities as well as an executive director.lewis & clark regional development council provided over 2,162.5 hours of employee time; office equipment and supplies; space and utilities; and administrative support staff during the year.the payments to lcrdc include compensation for the executive director brent ekstrom. Estimated amounts paid to lewis & clark regional development council for executive director services for the fiscal year ended september 2019 are $3,325 plus benefits of $1,000 for approximately 54 hours.

Filing and Contact Details

Filer

Filer Name
Lewis & Clark Certified Development
EIN
35-2370257
Phone
7016677621
Address
200 1ST AVE NW, MANDAN, ND 58554

Signing Officer

Name
Brent Ekstrom
Title
Executive Director
Signed
2020-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Ekstrom
Formed
2009
Legal Domicile
Nd
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Haga Kommer Ltd
Address
204 E MAIN STREET, MANDAN, ND 58554
Preparer
Lynnell Rude
Phone
7016639345
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0LEWIS & CLARK REG DEV CNL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WILL BE E-MAILED TO THE JOINT FINANCE COMMITTEE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO FILL OUT CONFLICT OF INTEREST FORMS ANNUALLY. IF A CONFLICT OR APPEARANCE OF A CONFLICT ARISES, THE BOARD MEMBER IS REQUIRED TO ABSTAIN FROM VOTING. IF THE MEMBERS'S EMPLOYER IS THE LEAD LENDER, THE MEMBER IS REQUIRED TO DECLARE A CONFLICT AND ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON WRITTEN, TELEPHONE, OR E-MAIL REQUEST TO THE ORGANIZATION'S OFFICE. COPIES WILL BE PROVIDED FOR A NOMINAL FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LCRDC STARTED THE LEWIS & CLARK CDC AND HAS PROVIDED THE STAFFING AND OFFICE SPACE FOR THE CDC SINCE INCEPTION. AT THIS TIME THE CDC HAS ACCRUED $1,200,000 OF AMOUNTS PAYABLE TO LCRDC FOR SERVICES SINCE INCEPTION IN 2011. REPAYMENT STARTED IN 2014 AND BEGINNING 1/1/2018 EXPENSES HAVE BEEN REIMBURSED MONTHLY AND THE BALANCE OF THE PAYABLE WAS TRANSFERRED TO A LONG-TERM NOTE PAYABLE WITH PAYMENTS BEGINNING IN MAY 2018. STAFFING PROVIDED INCLUDES THREE EMPLOYEES (A LOAN OFFICER AND TWO LOAN CREDIT OFFICERS) WHO TOGETHER DEDICATE ABOUT 2,107.5 HOURS TO CDC ACTIVITIES AS WELL AS AN EXECUTIVE DIRECTOR.LEWIS & CLARK REGIONAL DEVELOPMENT COUNCIL PROVIDED OVER 2,162.5 HOURS OF EMPLOYEE TIME; OFFICE EQUIPMENT AND SUPPLIES; SPACE AND UTILITIES; AND ADMINISTRATIVE SUPPORT STAFF DURING THE YEAR.THE PAYMENTS TO LCRDC INCLUDE COMPENSATION FOR THE EXECUTIVE DIRECTOR BRENT EKSTROM. ESTIMATED AMOUNTS PAID TO LEWIS & CLARK REGIONAL DEVELOPMENT COUNCIL FOR EXECUTIVE DIRECTOR SERVICES FOR THE FISCAL YEAR ENDED SEPTEMBER 2019 ARE $3,325 PLUS BENEFITS OF $1,000 FOR APPROXIMATELY 54 HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VII SECTION B AND PART IX LINE 11G
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0ND

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