Civic Intelligence

Sisseton Economic Development Corporation

990EZ • Fiscal year 2017 • EIN 36-3482696

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 01, 2018

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

47th percentile

0.00x

Higher debt load relative to assets than 47% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.03x

Higher debt load relative to revenue than 64% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

3rd percentile

-74%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

35th percentile

-4.8%

Faster asset growth than 35% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

73%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$207,128

Down $10,495 (-4.8%) from 2016

Net Assets

Down

$206,741

Down $10,473 (-4.8%) from 2016

Liabilities

Down

$387

Down $22 (-5.4%) from 2016

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin3rd percentile

Revenue

Up

$14,172

Up $5,979 (+73%) from 2016

Expenses

Down

$24,645

Down $35,432 (-59%) from 2016

Net Income

Up

-$10,473

Up $41,411 (+80%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2017

Assets$207,128
Liabilities$387
Net Assets$206,741
Open 2017 Filing

Operations Trend

Revenue Growth95th 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

2017

Revenue$14,172
Expenses$24,645
Net Income-$10,473
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 1, 2018
Return Version
2017v2.3
Gross Receipts
$54,172
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
ADMINISTERED COMMUNITY IMPROVEMENT GRANT PROGRAM. SEDC ESTABLISHED A FUND TO PROVIDE GRANTS TO SISSETON BUSINESSES TO UPDATE AND IMPROVE THE BUSINESS FRONTAGE APPEARANCE AND CURB APPEAL OF COMMERCIAL PROPERTIES. FIVE GRANT WERE AWARDED IN 2017 TOTALING 11,234.--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE BROOKSSecretary-$0--
BEN HANSONPresident-$0--
GORDON NIELSENVice Preside-$0--
MIKE FISHERDirector-$0--
AARIK GRAYDirector-$0--
ASHLEY WOLFTreasurerPT$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
2018-06-01
Discuss with paid preparer
Yes

Preparer

Firm
Kelsch Kriz and Associates Pc
Address
3142 49TH STREET SOUTH SUITE B, FARGO, ND 58104
Preparer
MICHAEL O'MALLEY
Phone
7012802232
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Insurance premium refunds 1,529 misc income adjustment 100 capital credits 35 total 1,664”

Form 990-ez, Part I, Line 10

“Cash contribution: 11,234”

Form 990-ez, Part I, Line 16

“Expenses advertising 172 office expense 1,837 travel 706 conferences/meetings 676 non-investment depreciation 9 total 3,400”

Form 990-ez, Part II, Line 24

“Accounts receivable 2,839 3,136 6,486 43,589 multimedia projector 0 503 less accumulated depreciation 0 503 display accessories 0 436 less accumulated depreciation 0 436 color copier 0 4,297 less accumulated depreciation 0 4,297 laptop software & accesso 0 485 less accumulated depreciation 0 485 total 9,325 46,725”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 409 387”

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.”

Form 990-ez, Part III, Line 28

“Administered community improvement grant program. Sedc established a fund to provide grants to sisseton businesses to update and improve the business frontage appearance and curb appeal of commercial properties. Five grant were awarded in 2017 totaling 11,234.”

Raw XML Appendix138 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 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/ExplanationTxt0INSURANCE PREMIUM REFUNDS 1,529 MISC INCOME ADJUSTMENT 100 CAPITAL CREDITS 35 TOTAL 1,664
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CASH CONTRIBUTION: 11,234
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES ADVERTISING 172 OFFICE EXPENSE 1,837 TRAVEL 706 CONFERENCES/MEETINGS 676 NON-INVESTMENT DEPRECIATION 9 TOTAL 3,400
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 409 387
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADMINISTERED COMMUNITY IMPROVEMENT GRANT PROGRAM. SEDC ESTABLISHED A FUND TO PROVIDE GRANTS TO SISSETON BUSINESSES TO UPDATE AND IMPROVE THE BUSINESS FRONTAGE APPEARANCE AND CURB APPEAL OF COMMERCIAL PROPERTIES. FIVE GRANT WERE AWARDED IN 2017 TOTALING 11,234.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
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ReturnHeader/PreparerPersonGrp/PhoneNum07012802232
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ReturnHeader/ReturnTs02018-06-28T07:38:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$207,128
Liabilities
$387
Net assets
$206,741
Revenue
$14,172
Expenses
$24,645
Net income
-$10,473
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