Civic Intelligence

Rochester Area Economic Development Inc

990 • Fiscal year 2016 • EIN 36-3414363

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 10, 2017

220 South Broadway No 100Rochester, MN 55904

(507) 288-0208

Siviq Scores

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

Liabilities / Assets

24th percentile

0.04x

Higher debt load relative to assets than 24% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

31st percentile

0.07x

Higher debt load relative to revenue than 31% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

87th percentile

19%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$381,007

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 31.5% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

35th percentile

-0.3%

Faster asset growth than 35% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-53%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,318,422

Down $7,910 (-0.3%) from 2015

Net Assets

Up

$2,234,454

Up $233,563 (+12%) from 2015

Liabilities

Down

$83,968

Down $241,473 (-74%) from 2015

Revenue

Down

$1,211,066

Down $1,382,148 (-53%) from 2015

Expenses

Down

$977,503

Down $1,127,540 (-54%) from 2015

Net Income

Down

$233,563

Down $254,608 (-52%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $948,973Liabilities 2010: $139,121Net Assets 2010: $809,8522010Assets 2011: $987,231Liabilities 2011: $137,655Net Assets 2011: $849,5762011Assets 2012: $1,109,030Liabilities 2012: $242,521Net Assets 2012: $866,5092012Assets 2013: $1,325,719Liabilities 2013: $259,797Net Assets 2013: $1,065,9222013Assets 2014: $1,942,067Liabilities 2014: $429,347Net Assets 2014: $1,512,7202014Assets 2015: $2,326,332Liabilities 2015: $325,441Net Assets 2015: $2,000,8912015Assets 2016: $2,318,422Liabilities 2016: $83,968Net Assets 2016: $2,234,4542016Assets 2017: $2,471,645Liabilities 2017: $191,729Net Assets 2017: $2,279,9162017Assets 2018: $3,048,829Liabilities 2018: $83,750Net Assets 2018: $2,965,0792018Assets 2019: $3,179,838Liabilities 2019: $57,690Net Assets 2019: $3,122,1482019Assets 2020: $3,969,050Liabilities 2020: $34,758Net Assets 2020: $3,934,2922020Assets 2021: $4,698,933Liabilities 2021: $35,988Net Assets 2021: $4,662,9452021Assets 2022: $4,399,928Liabilities 2022: $99,603Net Assets 2022: $4,300,3252022Assets 2023: $4,653,364Liabilities 2023: $68,832Net Assets 2023: $4,584,5322023Assets 2024: $4,648,769Liabilities 2024: $41,823Net Assets 2024: $4,606,9462024

Highlighted filing

2016

Assets$2,318,422
Liabilities$83,968
Net Assets$2,234,454

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $650,6322010Expenses 2011: $672,0012011Expenses 2012: $693,6712012Revenue 2013: $959,525Expenses 2013: $760,112Net Income 2013: $199,4132013Revenue 2014: $1,442,497Expenses 2014: $995,699Net Income 2014: $446,7982014Revenue 2015: $2,593,214Expenses 2015: $2,105,043Net Income 2015: $488,1712015Revenue 2016: $1,211,066Expenses 2016: $977,503Net Income 2016: $233,5632016Revenue 2017: $1,004,855Expenses 2017: $959,393Net Income 2017: $45,4622017Revenue 2018: $1,631,516Expenses 2018: $946,353Net Income 2018: $685,1632018Revenue 2019: $1,063,888Expenses 2019: $928,964Net Income 2019: $134,9242019Revenue 2020: $1,467,356Expenses 2020: $655,212Net Income 2020: $812,1442020Revenue 2021: $1,415,203Expenses 2021: $686,550Net Income 2021: $728,6532021Revenue 2022: $925,215Expenses 2022: $1,287,835Net Income 2022: -$362,6202022Revenue 2023: $1,659,191Expenses 2023: $1,374,984Net Income 2023: $284,2072023Revenue 2024: $1,412,451Expenses 2024: $1,390,037Net Income 2024: $22,4142024

Highlighted filing

2016

Revenue$1,211,066
Expenses$977,503
Net Income$233,563
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 10, 2017
Return Version
2016v3.0
Gross Receipts
$1,466,630
Mission and Program Overview

Mission

Raedi's mission is to be an economic enabler to rochester area businesses, producing results through retention, growth and diversification of our economy.

Raedi's primary goal is to attract, retain, grow and diversify the business economy within the rochester area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$790,563$817,865▲ $27,302
Investments Program Related$270,000$543,205▲ $273,205
Savings and Temporary Cash Investments$779,161$346,342▼ $432,819
Land, Buildings, and Equipment, Net$307,541$278,161▼ $29,380
Cash and Non-Interest-Bearing Accounts$27,366$169,170▲ $141,804
Accounts Receivable$22,535$22,423▼ $112
Prepaid Expenses and Deferred Charges$1,313$5,897▲ $4,584
Total Assets$2,326,332$2,318,422▼ $7,910
Other Assets Total$127,853$135,359▲ $7,506
Liabilities
Other Liabilities$166,501$0▼ $166,501
Accounts Payable and Accrued Expenses$46,955$65,883▲ $18,928
Deferred Revenue$111,985$18,085▼ $93,900
Total Liabilities$325,441$83,968▼ $241,473
Net Assets / Fund Balance
Unrestricted Net Assets$2,000,891$2,234,454▲ $233,563
Total Net Assets Fund Balance$2,000,891$2,234,454▲ $233,563
Total Liabilities and Net Assets / Fund Balance$2,326,332$2,318,422▼ $7,910

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$265,444$137,927$403,371
Equipment$12,717$46,011$58,728
Investment Program Related Org$223,205--
Other Assets Org$135,359--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary SmithPresidentFT$141,363$239,644$381,007

Board Members and Trustees

NameTitle
James RogersChair
Mark HayfordPast Chair
Rob MillerChamber President
Daniel BeckVice Chair
Adam BenikeDirector
Bruce GudlinDirector
Dan EstesDirector
Dave OethDirector
Dave ReichertDirector
Deb ZimmerDirector
Doug EatonDirector
Ed HruskaDirector
Elaine GarryDirector
Jim BierDirector
Joel YoungDirector
John WadeDirector
Joshua BurgessDirector
Joya StetsonDirector
Ken BrownDirector
Larry McgrawDirector
Lisa ClarkeDirector
Mark BilderbackDirector
Mark KotschevarDirector
Mark UtzDirector
Melissa BrinkmanDirector
Melissa MorrisDirector
Norm DotyDirector
Paul BucherDirector
Randy ChapmanDirector
Stan ShreveDirector
Steve SherwoodDirector
Todd LuedkeDirector
Ardell BredeEx Officio
Mary Blair-hoeftSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$683,940
Program Service Revenue
$464,017
Investment Income
$63,109
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$233,563

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,211,066
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$255,564
Total Revenue per Audited Statements
$1,466,630
Total Revenue per Form 990
$1,211,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$777,335
Other Expenses$200,168
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$448,137
Current Officers, Directors, Trustees, and Key Employees---$173,359
Pension Plan Contributions---$67,434
Payroll Taxes---$46,688
Other Employee Benefits---$41,717
Depreciation Depletion---$39,177
Fees for Services Accounting---$25,514
Conferences and Meetings---$20,558
Occupancy---$18,793
Office Expenses---$14,449
All Other Expenses---$10,899
Travel---$9,520
Advertising---$9,095
Other Expenses---$5,707
Insurance---$5,481
Fees for Service Investment Mgmnt Fees---$59
Total Functional Expenses$0$0$0$977,503

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,233,067
Expenses per Audited Statements$977,503
Total Expenses per Form 990$977,503
Expenses Not Reported on Form 990$255,564
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Section A, Line 6

The organization has members who are not authorized to elect members of the governing body.

Form 990, Part VI, Section B, Line 11B

The irs form 990 is reviewed by the executive committee for approval.

Form 990, Part VI, Section B, Line 12C

The board, officers, and management employees are instructed to exercise honesty and best judgment in compliance with the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

The executive committee conducts an annual performance review and sets compensation, which is then approved by the board of directors as part of the annual budget.

Form 990, Part VI, Section C, Line 18

Form 990 is available upon request.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available upon request.

Form 990, Part VII, Column D

Total compensation for the board president includes $207,648 of deferred compensation paid in december 2016.

Filing and Contact Details

Filer

Filer Name
Rochester Area Economic Development Inc
EIN
36-3414363
Phone
5072880208
Address
220 SOUTH BROADWAY NO 100, ROCHESTER, MN 55904

Signing Officer

Name
Gary Smith
Title
President
Phone
5072880208
Signed
2017-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Smith
Formed
1985
Legal Domicile
Mn
Voting Board Members
35
Independent Board Members
34
Employees
8
Volunteers
35

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
220 SOUTH BROADWAY SUITE 102, ROCHESTER, MN 55904
Preparer
Thomas H Wente
Phone
5072883277
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rent expenses 252,917. Loss on disposal of asset 2,647.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rent expenses 252,917. Loss on disposal of asset 2,647.

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IRS990/Form990PartVIISectionAGrp/PersonNm25DANIEL BECK
IRS990/Form990PartVIISectionAGrp/PersonNm26JAMES ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm27JOSHUA BURGESS
IRS990/Form990PartVIISectionAGrp/PersonNm28ROB MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm29ARDELL BREDE
IRS990/Form990PartVIISectionAGrp/PersonNm30MARK BILDERBACK
IRS990/Form990PartVIISectionAGrp/PersonNm31RANDY CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm32DAVE REICHERT
IRS990/Form990PartVIISectionAGrp/PersonNm33STAN SHREVE
IRS990/Form990PartVIISectionAGrp/PersonNm34DEB ZIMMER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20349011
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
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/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHAMBER PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt29EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-2647
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt035
IRS990/GovernmentGrantsAmt0262500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01466630
IRS990/GrossRentsGrp/RealAmt0252917
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt034
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt05481
IRS990/InvestmentIncomeGrp/ExclusionAmt065756
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt065756
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0270000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0543205
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0183938
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0307541
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0278161
IRS990/LandBldgEquipCostOrOtherBssAmt0462099
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02647
IRS990/LessRentalExpensesGrp/RealAmt0252917
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0411440
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RAEDI'S MISSION IS TO RETAIN, GROW AND DIVERSIFY THE ROCHESTER AREA ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02000891
IRS990/NetAssetsOrFundBalancesEOYAmt02234454
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2647
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2647
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt018793
IRS990/OfficeExpensesGrp/TotalAmt014449
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0127853
IRS990/OtherAssetsTotalGrp/EOYAmt0135359
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041717
IRS990/OtherExpensesGrp/Desc0SE MN 504 CORP SERVICES
IRS990/OtherExpensesGrp/Desc1RAVE EXPENSES
IRS990/OtherExpensesGrp/Desc2JOURNEY TO GROWTH
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt022963
IRS990/OtherExpensesGrp/TotalAmt111880
IRS990/OtherExpensesGrp/TotalAmt26073
IRS990/OtherExpensesGrp/TotalAmt35707
IRS990/OtherLiabilitiesGrp/BOYAmt0166501
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0448137
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0790563
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0817865

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.65$0.04$4.61$1.41$1.39$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.65$0.07$4.58$1.66$1.37$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.10$4.30$0.93$1.29$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.04$4.66$1.42$0.69$0.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.03$3.93$1.47$0.66$0.81
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.06$3.12$1.06$0.93$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.08$2.97$1.63$0.95$0.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$0.19$2.28$1.00$0.96$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.32$0.08$2.23$1.21$0.98$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.33$0.33$2.00$2.59$2.11$0.49
2014Detailed filing. Detailed filing data is available for this year.$1.94$0.43$1.51$1.44$1.00$0.45
2013Detailed filing. Detailed filing data is available for this year.$1.33$0.26$1.07$0.96$0.76$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.24$0.87$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.14$0.85$0.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.14$0.81$0.65