Civic Intelligence

Sisseton Economic Development Corporation

990EZ • Fiscal year 2016 • EIN 36-3482696

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 18, 2017

Organization ProfileN/A
PO Box 19Sisseton, SD 57262

(605) 698-7261

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Higher debt load relative to assets than 49% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.05x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

1st percentile

-633%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

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

Asset Growth

22nd percentile

-14%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2016

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2016

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$217,623

Down $120,374 (-36%) from 2013

Net Assets

Down

$217,214

Down $48,478 (-18%) from 2013

Liabilities

Down

$409

Down $71,896 (-99%) from 2013

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin1st percentile

Revenue

Down

$8,193

Down $16,870 (-67%) from 2013

Expenses

Up

$60,077

Up $30,439 (+103%) from 2013

Net Income

Down

-$51,884

Down $47,309 (-1034%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$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

2016

Assets$217,623
Liabilities$409
Net Assets$217,214
Open 2016 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$8,193
Expenses$60,077
Net Income-$51,884
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 18, 2017
Return Version
2016v3.0
Gross Receipts
$188,734
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.

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 relocation 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
COMMUNITY IMAGE IMPROVEMENT: SEDC established a fund to provide grants to Sisseton businesses to update and improve the business frontage appearance and curb appeal of their commercial properties. Twenty-one grants were awarded in 2016 totaling $42,883.-$42,883
1) To help with the housing shortage in Sisseton, SEDC constructed a new two-bedroom, 1,450 sq. ft. home within the city limits in 2013. The house was sold to a new, young family in 2016.2) SEDC assisted potential new businesses in seeking commercial space to rent. In 2016, four new businesses opened in Sisseton.3) SEDC encouraged development of new businesses and entrepreneurship by providing education training opportunities for individuals from Sisseton and Roberts County.4) SEDC encouraged community development and improvement by assisting the City of Sisseton with plans for the demolition of tax delinquent properties and improvement of the remaining empty lots.5) SEDC assisted in coordinating a Farmers Market during the summer months to provide area gardeners and farmers with an opportunity to market their products.--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE BROOKSSecretary-$0--
BEN HANSONPresident-$0--
SANDI JASPERSTreasurer-$0--
CORY DEUTSCHDirector-$0--
GORDON NIELSENVice President-$0--
MIKE FISHERDirector-$0--
AARIK GRAYDirector-$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
Signed
2017-04-18
Discuss with paid preparer
Yes

Preparer

Firm
Data Management Services
Address
516 Second Ave E, Sisseton, SD 57262
Preparer
Michael O'Malley
Phone
6056983037
Supplemental Narrative

Additional Explanations

Other Revenue.1

“$45”

Other Expenses.1001

“Advertising and Promotion $5”

Other Expenses.1002

“Office Expenses $1577”

Other Expenses.1005

“Travel $630”

Other Expenses.1007

“Conferences, Conventions, and Meetings $1985”

Other Expenses.1009

“Depreciation $47”

Other Expenses.1

“Exec dir cost share exp $11252”

Other Expenses.2

“INTEREST EXPENSE $379”

Other Expenses.3

“Farmers market support $162”

Other Assets.1

“NOTE RECEIVABLE - Beginning $12108 NOTE RECEIVABLE - Ending $9325”

Total Liabilities.1

“A/P - Beginning $2101 A/P - Ending $409”

Total Liabilities.2

“NOTE PAYABLE - Beginning $70084 NOTE PAYABLE - Ending $0”

Raw XML Appendix148 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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IRS990EZ/PrimaryExemptPurposeTxt0TO 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 RELOCATION 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1COMMUNITY IMAGE IMPROVEMENT: SEDC established a fund to provide grants to Sisseton businesses to update and improve the business frontage appearance and curb appeal of their commercial properties. Twenty-one grants were awarded in 2016 totaling $42,883.
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
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ReturnHeader/Filer/EIN0363482696
ReturnHeader/Filer/PhoneNum06056987261
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ReturnHeader/Filer/USAddress/ZIPCd057262
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0516 Second Ave E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sisseton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057262
ReturnHeader/PreparerPersonGrp/PhoneNum06056983037
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael O'Malley
ReturnHeader/ReturnTs02017-04-18T11:01:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$217,623
Liabilities
$409
Net assets
$217,214
Revenue
$8,193
Expenses
$60,077
Net income
-$51,884
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.98$0.05$0.13$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.14$0.25$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.17$0.08$0.60$0.52
2013Detailed filing. Detailed filing data is available for this year.$3.38$0.72$2.66$0.25$0.30$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.62$2.70$0.16$0.28$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.00$2.83$0.53$0.34$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.01$2.64$0.58$0.33$0.24