Civic Intelligence

North Central Economic Development Association Inc.

990 • Fiscal year 2023 • EIN 36-3458720

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 31, 2024

Organization ProfileWWW.NORTHCENTRALEDA.ORG
200 1st Street NE 2Staples, MN 56479

(218) 894-3233

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.26x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

5.82x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

51st percentile

4.7%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$500

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

13th percentile

-10%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-30%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$2,413,855

Down $277,991 (-10%) from 2022

Net Assets

Up

$1,789,773

Up $5,050 (+0.3%) from 2022

Liabilities

Down

$624,082

Down $283,041 (-31%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin51st percentile

Revenue

Down

$107,271

Down $45,657 (-30%) from 2022

Expenses

Down

$102,221

Down $10,570 (-9.4%) from 2022

Net Income

Down

$5,050

Down $35,087 (-87%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,472,260Liabilities 2011: $21,379Net Assets 2011: $1,450,8812011Assets 2012: $1,525,184Liabilities 2012: $139,750Net Assets 2012: $1,385,4342012Assets 2013: $1,589,488Liabilities 2013: $121,579Net Assets 2013: $1,467,9092013Assets 2014: $1,777,328Liabilities 2014: $357,848Net Assets 2014: $1,419,4802014Assets 2015: $1,885,741Liabilities 2015: $436,734Net Assets 2015: $1,449,0072015Assets 2016: $1,841,729Liabilities 2016: $432,149Net Assets 2016: $1,409,5802016Assets 2017: $1,940,504Liabilities 2017: $474,265Net Assets 2017: $1,466,2392017Assets 2018: $2,014,153Liabilities 2018: $451,158Net Assets 2018: $1,562,9952018Assets 2019: $1,993,709Liabilities 2019: $425,799Net Assets 2019: $1,567,9102019Assets 2020: $3,501,331Liabilities 2020: $1,792,386Net Assets 2020: $1,708,9452020Assets 2021: $3,319,971Liabilities 2021: $1,575,385Net Assets 2021: $1,744,5862021Assets 2022: $2,691,846Liabilities 2022: $907,123Net Assets 2022: $1,784,7232022Assets 2023: $2,413,855Liabilities 2023: $624,082Net Assets 2023: $1,789,7732023Assets 2024: $2,133,256Liabilities 2024: $322,422Net Assets 2024: $1,810,8342024Assets 2025: $1,932,808Liabilities 2025: $135,020Net Assets 2025: $1,797,7882025

Highlighted filing

2023

Assets$2,413,855
Liabilities$624,082
Net Assets$1,789,773
Open 2023 Filing

Operations Trend

Revenue Growth12th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $57,1462011Expenses 2012: $223,8732012Expenses 2013: $150,3412013Revenue 2014: $103,563Expenses 2014: $151,992Net Income 2014: -$48,4292014Revenue 2015: $174,843Expenses 2015: $145,316Net Income 2015: $29,5272015Revenue 2016: $214,020Expenses 2016: $253,447Net Income 2016: -$39,4272016Revenue 2017: $230,789Expenses 2017: $174,130Net Income 2017: $56,6592017Revenue 2018: $211,465Expenses 2018: $114,709Net Income 2018: $96,7562018Revenue 2019: $136,872Expenses 2019: $131,957Net Income 2019: $4,9152019Revenue 2020: $270,825Expenses 2020: $129,790Net Income 2020: $141,0352020Revenue 2021: $163,164Expenses 2021: $127,523Net Income 2021: $35,6412021Revenue 2022: $152,928Expenses 2022: $112,791Net Income 2022: $40,1372022Revenue 2023: $107,271Expenses 2023: $102,221Net Income 2023: $5,0502023Revenue 2024: $105,313Expenses 2024: $84,252Net Income 2024: $21,0612024Revenue 2025: $43,285Expenses 2025: $56,331Net Income 2025: -$13,0462025

Highlighted filing

2023

Revenue$107,271
Expenses$102,221
Net Income$5,050
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 31, 2024
Return Version
2022v5.0
Gross Receipts
$107,271
Mission and Program Overview

Mission

Promote economic development through the operation of a revolving loan fund and provide loans to individuals for household water well systems in the five county area of cass, crow wing, morrison, todd and wadena counties.

Our mission is to provide assistance to cultivate new skills and resources that unite communities and contribute to a prosperous economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,794,053$1,817,945▲ $23,892
Cash and Non-Interest-Bearing Accounts$725,680$574,090▼ $151,590
Savings and Temporary Cash Investments$156,080$15,961▼ $140,119
Pledges and Grants Receivable$3,600--
Prepaid Expenses and Deferred Charges$1,127$1,194▲ $67
Accounts Receivable-$713-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,691,846$2,413,855▼ $277,991
Other Assets Total$11,306$3,952▼ $7,354
Liabilities
Mortgage Notes Payable Secured by Investment Property$805,939$532,405▼ $273,534
Other Liabilities$51,051$36,442▼ $14,609
Accounts Payable and Accrued Expenses$160$29,337▲ $29,177
Deferred Revenue$49,973$25,898▼ $24,075
Total Liabilities$907,123$624,082▼ $283,041
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,784,723$1,789,773▲ $5,050
Total Net Assets Fund Balance$1,784,723$1,789,773▲ $5,050
Total Liabilities and Net Assets / Fund Balance$2,691,846$2,413,855▼ $277,991

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$11,100$11,100
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleBaseOtherTotal
Greg ZylkaChair$500-$500
David AndersonR5dc Liaison-$450$450
Steven HansenVice Chair$400-$400
Maurice DurheimDirector$385-$385
Dan FrankAlternate$350-$350
Steve GertkenSecretary$270-$270
Carrie ReiersonBoard Member$250-$250
Allie VerchotaBoard Member$35-$35
Lisa Graba-meechTreasurer$35-$35

Board Members and Trustees

NameTitle
Bill PalmerBoard Member
Cory PettitBoard Member
Jason SellnowBoard Member
Katie HeppnerBoard Member
Mike WordenBoard Member
Rick UtechBoard Member
Sandra VoigtBoard Member
Cheryal HillsExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$6,425
Program Service Revenue
$98,065
Investment Income
$2,781
Other Revenue
$0
Change in Net Assets
$5,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$107,271
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$107,271
Total Revenue per Form 990
$107,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$99,546
Salaries, Compensation, and Employee Benefits$2,675
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$71,780--$71,780
Fees for Services Accounting-$12,050-$12,050
Information Technology-$3,469-$3,469
Current Officers, Directors, Trustees, and Key Employees-$2,675-$2,675
Interest$2,154--$2,154
Insurance-$1,249-$1,249
Fees for Services Other$908--$908
Travel-$693-$693
Other Expenses$248$3,050-$248
Advertising-$104-$104
Fees for Services Legal-$61-$61
Total Functional Expenses$75,655$26,566$0$102,221

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$102,221
Total Expenses per Audited Statements$102,221
Total Expenses per Form 990$102,221
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organizations$36,442
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Section B, Line 11B

“The form 990 is prepared by an independent cpa. It is reviewed and approved by the executive director and deputy director prior to submission.”

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

“Every year, the full corporation boards are required to sign a code of conduct and ethics policy acknowledgement to fully adhere to the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The conflict of interest policy is available upon request. The organization's governing documents and financial statements are available on the organization's own website.”

Filing and Contact Details

Filer

Filer Name
North Central Economic Development
EIN
36-3458720
Phone
2188943233
Address
200 1ST STREET NE 2, STAPLES, MN 56479

Signing Officer

Name
Cheryal Hills
Title
Executive Director
Phone
2188943233
Signed
2024-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryal Hills
Formed
1986
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
630 ROOSEVELT RD STE 201, ST CLOUD, MN 56301
Preparer
Shelley M Gaetz
Phone
3202510286
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has a committee that oversees the audit.”

Financial Statement Notes

PART X, LINE 2:

“The association follows fasb asc topic 740, uncertainty in income taxes. The association is recognized by the internal revenue service as a not-for-profit organization under irs code section 501(c)(3). Due to the not-for-profit nature and provision of the association, all income and expenses attributable to the mission of the association are tax exempt and accordingly no provision or liability for income taxes have been made in the financial statements and contributions to the association are tax deductible to donors as allowed by irs regulations. However, the association is required to pay state and federal income taxes on unrelated business income. If the association were to engage in any activities that resulted in unrelated business income, a tax would be assessed on that activity. The association is open and subject to examination generally for three years after the filing date.”

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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt06425
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0107271
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03469
IRS990/InformationTechnologyGrp/TotalAmt03469
IRS990/InsuranceGrp/ManagementAndGeneralAmt01249
IRS990/InsuranceGrp/TotalAmt01249
IRS990/InterestGrp/ProgramServicesAmt02154
IRS990/InterestGrp/TotalAmt02154
IRS990/InvestmentIncomeGrp/ExclusionAmt02781
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02781
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011100
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt011100
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION IS TO PROVIDE ASSISTANCE TO CULTIVATE NEW SKILLS AND RESOURCES THAT UNITE COMMUNITIES AND CONTRIBUTE TO A PROSPEROUS ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0805939
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0532405
IRS990/NetAssetsOrFundBalancesBOYAmt01784723
IRS990/NetAssetsOrFundBalancesEOYAmt01789773
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01784723
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01789773
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011306
IRS990/OtherAssetsTotalGrp/EOYAmt03952
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1CONSULTING
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3CREDIT BUREAU FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03215
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13050
IRS990/OtherExpensesGrp/ProgramServicesAmt0565
IRS990/OtherExpensesGrp/ProgramServicesAmt1248
IRS990/OtherExpensesGrp/TotalAmt03215
IRS990/OtherExpensesGrp/TotalAmt13050
IRS990/OtherExpensesGrp/TotalAmt2565
IRS990/OtherExpensesGrp/TotalAmt3248
IRS990/OtherLiabilitiesGrp/BOYAmt051051
IRS990/OtherLiabilitiesGrp/EOYAmt036442
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01794053
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01817945
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03600
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01127
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01194
IRS990/PrincipalOfficerNm0CHERYAL HILLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1ADMINISTRATIVE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt064781
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124075
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27885
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31324
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064781
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27885
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31324
IRS990/ProgSrvcAccomActy2Grp/Desc0MN DEPARTMENT OF EMPLOYMENT & ECONOMIC DEVELOPMENT (DEED) PROVIDES FUNDS TO A NETWORK OF NON-PROFIT LENDERS WHICH USE THESE FUNDS FOR LOANS TO START-UP AND EXPANDING BUSINESSES THROUGHOUT THE STATE. DEED ALSO HAS PROVIDED FUNDS FOR SMALL BUSINESS EMERGENCY LOANS (SBEL) TO HELP SMALL BUSINESSES THROUGH THE PANDEMIC.
IRS990/ProgSrvcAccomActy3Grp/Desc0USDA BACKED FUNDING WITH BUSINESS ASSISTANCE FOR START-UP/EXPANSION IN TEN COUNTIES IN CENTRAL MINNESOTA - CASS, CROW WING, CHISAGO, ISANTI, KANABEC, MILLE LACS, MORRISON, PINE, TODD AND WADENA. FUNDING OFFERED IN PARTNERSHIP WITH EAST CENTRAL REGIONAL DEVELOPMENT COMMISSION. FUNDING IN SMALLER AMOUNTS, NO BANK PARTICIPATION REQUIRED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt015807
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01485
IRS990/PYOtherExpensesAmt0110256
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0135636
IRS990/PYRevenuesLessExpensesAmt040137
IRS990/PYSalariesCompEmpBnftPaidAmt02535
IRS990/PYTotalExpensesAmt0112791
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0152928
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05050
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt098065
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0156080
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015961
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt015807
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt025277
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0215584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt028557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0291650
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02781
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0437
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01341
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0910
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06954
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0532454
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97670
IRS990ScheduleA/PublicSupportPY170Pct00.98510
IRS990ScheduleA/PublicSupportTotal170Amt0291650
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt015807
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt025277
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0215584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt028557
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0291650
IRS990ScheduleA/TotalSupportAmt0298604
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011100
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011100
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0102221
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ORGANIZATIONS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0107271
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION FOLLOWS FASB ASC TOPIC 740, UNCERTAINTY IN INCOME TAXES. THE ASSOCIATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF THE ASSOCIATION, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ASSOCIATION ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ASSOCIATION ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ASSOCIATION IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ASSOCIATION WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ASSOCIATION IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0102221
IRS990ScheduleD/TotalLiabilityAmt036442
IRS990ScheduleD/TotalRevenuePerForm990Amt0107271
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0107271
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0102221
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA. IT IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND DEPUTY DIRECTOR PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY YEAR, THE FULL CORPORATION BOARDS ARE REQUIRED TO SIGN A CODE OF CONDUCT AND ETHICS POLICY ACKNOWLEDGEMENT TO FULLY ADHERE TO THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S OWN WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,413,855
Liabilities
$624,082
Net assets
$1,789,773
Revenue
$107,271
Expenses
$102,221
Net income
$5,050
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.93$0.14$1.80$0.04$0.06$0.01
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.32$1.81$0.11$0.08$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.62$1.79$0.11$0.10$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.91$1.78$0.15$0.11$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$1.58$1.74$0.16$0.13$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.50$1.79$1.71$0.27$0.13$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.99$0.43$1.57$0.14$0.13$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.45$1.56$0.21$0.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.47$1.47$0.23$0.17$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.43$1.41$0.21$0.25$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.89$0.44$1.45$0.17$0.15$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.78$0.36$1.42$0.10$0.15$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.12$1.47$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.14$1.39$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.02$1.45$0.06