Civic Intelligence

Greater Bemidji Inc.

990 • Fiscal year 2014 • EIN 36-3367707

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 12, 2015

Organization ProfileWWW.GREATERBEMIDJI.COM
102 1st Street WBemidji, MN 56601

(218) 444-5757

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.37x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

0.89x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

95th percentile

65%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

76th percentile

$115,720

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

92nd percentile

55%

Faster asset growth than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

873%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$4,511,489

Up $1,599,559 (+55%) from 2013

Net Assets

Up

$2,824,368

Up $1,229,647 (+77%) from 2013

Liabilities

Up

$1,687,121

Up $369,912 (+28%) from 2013

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin95th percentile

Revenue

Up

$1,897,271

Up $1,702,304 (+873%) from 2013

Expenses

Up

$667,624

Up $416,855 (+166%) from 2013

Net Income

Up

$1,229,647

Up $1,285,449 (+2304%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $1,665,620Liabilities 2012: $15,097Net Assets 2012: $1,650,5232012Assets 2013: $2,911,930Liabilities 2013: $1,317,209Net Assets 2013: $1,594,7212013Assets 2014: $4,511,489Liabilities 2014: $1,687,121Net Assets 2014: $2,824,3682014Assets 2015: $4,536,711Liabilities 2015: $1,551,207Net Assets 2015: $2,985,5042015Assets 2016: $4,336,715Liabilities 2016: $1,208,215Net Assets 2016: $3,128,5002016Assets 2017: $4,710,642Liabilities 2017: $1,129,628Net Assets 2017: $3,581,0142017Assets 2018: $4,977,693Liabilities 2018: $854,462Net Assets 2018: $4,123,2312018Assets 2019: $5,122,095Liabilities 2019: $1,007,766Net Assets 2019: $4,114,3292019Assets 2020: $7,975,794Liabilities 2020: $2,999,991Net Assets 2020: $4,975,8032020Assets 2021: $6,962,048Liabilities 2021: $2,197,930Net Assets 2021: $4,764,1182021Assets 2022: $7,526,153Liabilities 2022: $1,299,290Net Assets 2022: $6,226,8632022Assets 2023: $7,873,180Liabilities 2023: $953,905Net Assets 2023: $6,919,2752023Assets 2024: $7,528,858Liabilities 2024: $726,253Net Assets 2024: $6,802,6052024

Highlighted filing

2014

Assets$4,511,489
Liabilities$1,687,121
Net Assets$2,824,368
Open 2014 Filing

Operations Trend

Revenue Growth99th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $230,8382012Revenue 2013: $194,967Expenses 2013: $250,769Net Income 2013: -$55,8022013Revenue 2014: $1,897,271Expenses 2014: $667,624Net Income 2014: $1,229,6472014Revenue 2015: $1,058,669Expenses 2015: $897,533Net Income 2015: $161,1362015Revenue 2016: $1,075,243Expenses 2016: $932,247Net Income 2016: $142,9962016Revenue 2017: $1,682,793Expenses 2017: $1,230,275Net Income 2017: $452,5182017Revenue 2018: $1,824,202Expenses 2018: $1,281,985Net Income 2018: $542,2172018Revenue 2019: $1,401,404Expenses 2019: $1,404,584Net Income 2019: -$3,1802019Revenue 2020: $3,229,199Expenses 2020: $2,367,725Net Income 2020: $861,4742020Revenue 2021: $2,018,676Expenses 2021: $2,230,361Net Income 2021: -$211,6852021Revenue 2022: $3,174,764Expenses 2022: $1,712,019Net Income 2022: $1,462,7452022Revenue 2023: $2,353,418Expenses 2023: $1,661,006Net Income 2023: $692,4122023Revenue 2024: $1,344,929Expenses 2024: $1,461,599Net Income 2024: -$116,6702024

Highlighted filing

2014

Revenue$1,897,271
Expenses$667,624
Net Income$1,229,647
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 12, 2015
Return Version
2014v5.0
Gross Receipts
$1,905,177
Mission and Program Overview

Mission

To improve the quality of life for the greater bemidji region by identifying, encouraging, and providing coordinated support to businesses that create quality jobs and improve the economic base of the community.

To improve the quality of life for the greater bemidji region by identifying,encouraging, and providing coordinated support to businesses that create quality jobs and improve the economic base of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$412,082$1,976,306▲ $1,564,224
Savings and Temporary Cash Investments$701,027$728,127▲ $27,100
Pledges and Grants Receivable$138,619$460,640▲ $322,021
Other Notes and Loans Receivable, Net$370,435$398,935▲ $28,500
Cash and Non-Interest-Bearing Accounts$27,935$292,305▲ $264,370
Prepaid Expenses and Deferred Charges$1,200$12,028▲ $10,828
Accounts Receivable-$2,048-
Total Assets$2,911,930$4,511,489▲ $1,599,559
Other Assets Total$1,260,632$641,100▼ $619,532
Liabilities
Mortgage Notes Payable Secured by Investment Property$946,294$1,592,154▲ $645,860
Accounts Payable and Accrued Expenses$325,279$65,743▼ $259,536
Deferred Revenue$45,636$29,224▼ $16,412
Total Liabilities$1,317,209$1,687,121▲ $369,912
Net Assets / Fund Balance
Unrestricted Net Assets$1,426,470$2,101,607▲ $675,137
Temporarily Rstr Net Assets$168,251$722,761▲ $554,510
Total Net Assets Fund Balance$1,594,721$2,824,368▲ $1,229,647
Total Liabilities and Net Assets / Fund Balance$2,911,930$4,511,489▲ $1,599,559

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,645,286$319,874$1,965,160
Land$324,351-$324,351
Equipment$6,669$14,342$21,011
Other Assets Org$641,100--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
David HengelExecutive DiFT$115,720$115,720

Board Members and Trustees

NameTitle
Phil VerchotaPresident
Bob FitzgeraldDirector
Dan OlsonDirector
David LandgrebeDirector
Dennis DoedenDirector
Gary JohnsonDirector
Glen LindsethDirector
Hugh WelleDirector
Jason BrodinaDirector
Jim BensenDirector
Jim HessDirector
Jim LucachickDirector
Karen WellerDirector
Leon KremeierDirector
Lynette NieuwsmaDirector
Mary EatonDirector
Micah RickeDirector
Mike KarvakkoDirector
Pete AubeDirector
Richard HansonDirector
Rita AlbrechtDirector
Steve CochemsDirector
Steven HillDirector
Lois AndersonSecretary
Darlene GellerTreasurer
Steve HolleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,346,624
Program Service Revenue
$362,338
Investment Income
$1,748
Other Revenue
$186,561
All Other Contributions
$1,346,624
Change in Net Assets
$1,229,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,897,271
Revenue Not Reported on Form 990
$7,705
Total Revenue per Audited Statements
$1,904,976
Total Revenue per Form 990
$1,897,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$487,543
Salaries, Compensation, and Employee Benefits$180,081
Total Fundraising Expense$69,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$46,288$28,930$40,502$115,720
Depreciation Depletion$51,952$647$670$53,269
Interest$51,332--$51,332
Other Salaries and Wages$13,255$14,912$4,971$33,138
Occupancy$11,757$3,191$3,300$18,248
Other Employee Benefits$6,370$4,766$4,789$15,925
Payroll Taxes$4,438$3,262$3,395$11,095
Fees for Services Accounting$2,002$3,125-$5,127
Insurance$3,099$727$752$4,578
Pension Plan Contributions$1,681$1,243$1,279$4,203
Advertising$1,180$870$900$2,950
Travel$1,031$760$786$2,577
Office Expenses$895$660$683$2,238
Other Expenses$11,000$1,924$7,804$1,924
Conferences and Meetings-$1,162-$1,162
All Other Expenses$111$328$85$524
Total Functional Expenses$531,201$66,507$69,916$667,624

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$675,329
Expenses per Audited Statements$667,624
Total Expenses per Form 990$667,624
Expenses Not Reported on Form 990$7,705
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberContract ServicesNo$167,030
-Board MemberLease IncomeNo$141,167
-Board MemberNote ReceivableNo$112,490
-Board MemberPayableNo$39,216
-Board MemberArchitecturalNo$16,333
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Page 6, Part VI, Line 11B

“Form 990 review is conducted by staff of greater bemidji.”

Form 990, Page 6, Part VI, Line 12C

“Review conflicts of interests when board needs to vote.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Greater Bemidji Inc
EIN
36-3367707
Phone
2184445757
Address
102 1ST STREET W, BEMIDJI, MN 56601

Signing Officer

Name
David Hengel
Title
Exec Director
Phone
2184445757
Signed
2015-03-12

Organization Details

Principal Officer
David Hengel
Formed
1985
Legal Domicile
Mn
Voting Board Members
26
Independent Board Members
26
Employees
2
Volunteers
26

Preparer

Firm
Kba Peterson Associates Inc
Address
2901 BEMIDJI AVENUE NORTH, BEMIDJI, MN 56601
Preparer
Trudy D Peterson CPA
Phone
2184442727
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Loss on sale 130 rental expenses 7,575 loss on sale -130 rental expenses -7,575”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has evaluated for uncertain tax positions and management has expressed there are no uncertain tax positions as of december 31,2014. Tax returns for the past three years remain open for examination by tax jurisdictions.”

Schedule D, Page 4, Part XI, Line 2D

“Loss on sale 130 rental expenses 7,575”

Schedule D, Page 4, Part XII, Line 2D

“Loss on sale 130 rental expenses 7,575”

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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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE DI
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,511,489
Liabilities
$1,687,121
Net assets
$2,824,368
Revenue
$1,897,271
Expenses
$667,624
Net income
$1,229,647
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.53$0.73$6.80$1.34$1.46$0.12
2023Detailed filing. Detailed filing data is available for this year.$7.87$0.95$6.92$2.35$1.66$0.69
2022Detailed filing. Detailed filing data is available for this year.$7.53$1.30$6.23$3.17$1.71$1.46
2021Detailed filing. Detailed filing data is available for this year.$6.96$2.20$4.76$2.02$2.23$0.21
2020Detailed filing. Detailed filing data is available for this year.$7.98$3.00$4.98$3.23$2.37$0.86
2019Detailed filing. Detailed filing data is available for this year.$5.12$1.01$4.11$1.40$1.40$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.98$0.85$4.12$1.82$1.28$0.54
2017Detailed filing. Detailed filing data is available for this year.$4.71$1.13$3.58$1.68$1.23$0.45
2016Detailed filing. Detailed filing data is available for this year.$4.34$1.21$3.13$1.08$0.93$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.54$1.55$2.99$1.06$0.90$0.16
2014Detailed filing. Detailed filing data is available for this year.$4.51$1.69$2.82$1.90$0.67$1.23
2013Detailed filing. Detailed filing data is available for this year.$2.91$1.32$1.59$0.19$0.25$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.02$1.65$0.23