Civic Intelligence

Sisseton Economic Development Corporation

EIN 36-3482696 • 501(c)6 • Sisseton, SD

Profile

To promote, induce, foster, encourage and develop new industries and businesses in the city of sisseton and the county of roberts, by advertisement and inducements in order to provide job opportunities for the people of sisseton and roberts county, south dakota and better the economic and commercial life of the city of sisseton and county of roberts in general; to aid in the development and relocaton of new businesses in and to the city of sisseton and county of roberts, by personal contacts, advertisement, and other means in order to better the economic and commercial life of the community at large; to provide aid to businesses that wish to relocate or expand operations to the city of sisseton or county of roberts.

PO Box 19Sisseton, SD 57262

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.00x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.08x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

5th percentile

-174%

Higher net margin than 5% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

44th percentile

-4.2%

Faster asset growth than 44% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-66%

Faster revenue growth than 7% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$198,525

Down $8,603 (-4.2%) from 2017

Liabilities

Up

$393

Up $6 (+1.6%) from 2017

Net Assets

Down

$198,132

Down $8,609 (-4.2%) from 2017

Revenue

Down

$4,818

Down $9,354 (-66%) from 2017

Expenses

Down

$13,199

Down $11,446 (-46%) from 2017

Net Income

Up

-$8,381

Up $2,092 (+20%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $264,161Liabilities 2010: $639Net Assets 2010: $263,5222010Assets 2011: $283,152Liabilities 2011: $398Net Assets 2011: $282,7542011Assets 2012: $332,047Liabilities 2012: $61,780Net Assets 2012: $270,2672012Assets 2013: $337,997Liabilities 2013: $72,305Net Assets 2013: $265,6922013Assets 2016: $217,623Liabilities 2016: $409Net Assets 2016: $217,2142016Assets 2017: $207,128Liabilities 2017: $387Net Assets 2017: $206,7412017Assets 2018: $198,525Liabilities 2018: $393Net Assets 2018: $198,1322018

Highlighted filing

2018

Assets$198,525
Liabilities$393
Net Assets$198,132

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50K-$100KRevenue 2010: $57,719Expenses 2010: $33,370Net Income 2010: $24,3492010Revenue 2011: $53,434Expenses 2011: $34,202Net Income 2011: $19,2322011Revenue 2012: $15,907Expenses 2012: $28,400Net Income 2012: -$12,4932012Revenue 2013: $25,063Expenses 2013: $29,638Net Income 2013: -$4,5752013Revenue 2016: $8,193Expenses 2016: $60,077Net Income 2016: -$51,8842016Revenue 2017: $14,172Expenses 2017: $24,645Net Income 2017: -$10,4732017Revenue 2018: $4,818Expenses 2018: $13,199Net Income 2018: -$8,3812018

Highlighted filing

2018

Revenue$4,818
Expenses$13,199
Net Income-$8,381

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 21, 2019
Return Version
2018v3.1
Gross Receipts
$4,818
Mission and Program Overview

Mission

To promote, induce, foster, encourage and develop new industries and businesses in the city of sisseton and the county of roberts, by advertisement and inducements in order to provide job opportunities for the people of sisseton and roberts county, south dakota and better the economic and commercial life of the city of sisseton and county of roberts in general; to aid in the development and relocaton of new businesses in and to the city of sisseton and county of roberts, by personal contacts, advertisement, and other means in order to better the economic and commercial life of the community at large; to provide aid to businesses that wish to relocate or expand operations to the city of sisseton or county of roberts.

Program Services

DescriptionGrantsExpenses
CONTINUED TO SEEK ECONOMIC GROWTH OPPORTUNITIES FOR THE SISSETON AREA.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE BROOKSSecretary-$0--
BEN HANSONPresident-$0--
GORDON NIELSENVice Preside-$0--
MIKE FISHERDirector-$0--
AARIK GRAYDirector-$0--
ASHLEY WOLFTreasurer-$0--
LORI FINNESANDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Sisseton Economic Development
EIN
36-3482696
Phone
6056987261
Address
PO BOX 19, SISSETON, SD 57262

Signing Officer

Name
Ben Hanson
Title
President
Phone
6056987261
Signed
2019-05-21
Discuss with paid preparer
Yes

Preparer

Firm
Kelsch Kriz and Associates Pc
Address
5354 42ND ST S SUITE A, FARGO, ND 58104
Preparer
MICHAEL O'MALLEY
Phone
7012802232
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Reimbursements 59 total 59

Form 990-ez, Part I, Line 16

Expenses office expense 1,937 travel 306 conferences/meetings 461 total 2,704

Form 990-ez, Part I, Line 20

2016 correction to loan bal -229

Form 990-ez, Part II, Line 24

Accounts receivable 3,136 2,711 notes receivable 43,589 40,633 5,721 5,721 less accumulated depreciation 5,721 5,721 total 46,725 43,344

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 386 393

Form 990-ez, Part III

To promote, induce, foster, encourage and develop new industries and businesses in the city of sisseton and the county of roberts, by advertisement and inducements in order to provide job opportunities for the people of sisseton and roberts county, south dakota and better the economic and commercial life of the city of sisseton and county of roberts in general; to aid in the development and relocaton of new businesses in and to the city of sisseton and county of roberts, by personal contacts, advertisement, and other means in order to better the economic and commercial life of the community at large; to provide aid to businesses that wish to relocate or expand operations to the city of sisseton or county of roberts.

Raw XML Appendix133 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REIMBURSEMENTS 59 TOTAL 59
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22016 CORRECTION TO LOAN BAL -229
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS RECEIVABLE 3,136 2,711 NOTES RECEIVABLE 43,589 40,633 5,721 5,721 LESS ACCUMULATED DEPRECIATION 5,721 5,721 TOTAL 46,725 43,344
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 386 393
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TO PROMOTE, INDUCE, FOSTER, ENCOURAGE AND DEVELOP NEW INDUSTRIES AND BUSINESSES IN THE CITY OF SISSETON AND THE COUNTY OF ROBERTS, BY ADVERTISEMENT AND INDUCEMENTS IN ORDER TO PROVIDE JOB OPPORTUNITIES FOR THE PEOPLE OF SISSETON AND ROBERTS COUNTY, SOUTH DAKOTA AND BETTER THE ECONOMIC AND COMMERCIAL LIFE OF THE CITY OF SISSETON AND COUNTY OF ROBERTS IN GENERAL; TO AID IN THE DEVELOPMENT AND RELOCATON OF NEW BUSINESSES IN AND TO THE CITY OF SISSETON AND COUNTY OF ROBERTS, BY PERSONAL CONTACTS, ADVERTISEMENT, AND OTHER MEANS IN ORDER TO BETTER THE ECONOMIC AND COMMERCIAL LIFE OF THE COMMUNITY AT LARGE; TO PROVIDE AID TO BUSINESSES THAT WISH TO RELOCATE OR EXPAND OPERATIONS TO THE CITY OF SISSETON OR COUNTY OF ROBERTS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
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ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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