Civic Intelligence

Dickinson County Industrial Development Corporation

EIN 38-6091511 • 501(c)4 • Iron Mountain, MI

Profile

To promote economic development in dickinson county

N3660 N Hwy US 2Iron Mountain, MI 49801

n/A

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.00x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

52nd percentile

0.01x

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

501(c)4 • $500k-$1M nonprofits • Source year 2025

Net Margin

71st percentile

22%

Higher net margin than 71% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

501(c)4 • $500k-$1M nonprofits • Source year 2025

Asset Growth

39th percentile

0.3%

Faster asset growth than 39% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

14th percentile

-23%

Faster revenue growth than 14% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$644,118

Up $2,242 (+0.3%) from 2024

Liabilities

Up

$274

Up $274 from 2024

Net Assets

Up

$643,844

Up $1,968 (+0.3%) from 2024

Operations
Liabilities / Revenue52nd percentileNet Margin71st percentile

Revenue

Down

$20,592

Down $6,242 (-23%) from 2024

Expenses

Down

$16,151

Down $847 (-5.0%) from 2024

Net Income

Down

$4,441

Down $5,395 (-55%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

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

$800K$600K$400K$200K$0Assets 2011: $659,252Liabilities 2011: $0Net Assets 2011: $659,2522011Assets 2012: $657,563Liabilities 2012: $0Net Assets 2012: $657,5632012Assets 2013: $654,589Liabilities 2013: $0Net Assets 2013: $654,5892013Assets 2014: $653,007Liabilities 2014: $0Net Assets 2014: $653,0072014Assets 2015: $650,860Liabilities 2015: $0Net Assets 2015: $650,8602015Assets 2016: $648,671Liabilities 2016: $0Net Assets 2016: $648,6712016Assets 2017: $636,289Liabilities 2017: $0Net Assets 2017: $636,2892017Assets 2018: $623,676Liabilities 2018: $0Net Assets 2018: $623,6762018Assets 2019: $633,949Liabilities 2019: $0Net Assets 2019: $633,9492019Assets 2020: $613,459Liabilities 2020: $0Net Assets 2020: $613,4592020Assets 2021: $618,597Liabilities 2021: $0Net Assets 2021: $618,5972021Assets 2022: $620,876Liabilities 2022: $0Net Assets 2022: $620,8762022Assets 2023: $624,433Liabilities 2023: $0Net Assets 2023: $624,4332023Assets 2024: $641,876Liabilities 2024: $0Net Assets 2024: $641,8762024Assets 2025: $644,118Liabilities 2025: $274Net Assets 2025: $643,8442025

Highlighted filing

2025

Assets$644,118
Liabilities$274
Net Assets$643,844
Open 2025 Filing

Operations Trend

Revenue Growth14th percentile

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

$40K$20K$0-$20K-$40KExpenses 2011: $7,0702011Expenses 2012: $7,0702012Revenue 2013: $3,821Expenses 2013: $6,795Net Income 2013: -$2,9742013Revenue 2014: $5,208Expenses 2014: $6,790Net Income 2014: -$1,5822014Revenue 2015: $4,598Expenses 2015: $6,745Net Income 2015: -$2,1472015Revenue 2016: $4,639Expenses 2016: $6,828Net Income 2016: -$2,1892016Revenue 2017: $3,540Expenses 2017: $15,922Net Income 2017: -$12,3822017Revenue 2018: $3,044Expenses 2018: $16,657Net Income 2018: -$13,6132018Revenue 2019: $10,498Expenses 2019: $225Net Income 2019: $10,2732019Revenue 2020: $11,558Expenses 2020: $32,048Net Income 2020: -$20,4902020Revenue 2021: $5,418Expenses 2021: $280Net Income 2021: $5,1382021Revenue 2022: $17,663Expenses 2022: $15,384Net Income 2022: $2,2792022Revenue 2023: $22,040Expenses 2023: $16,113Net Income 2023: $5,9272023Revenue 2024: $26,834Expenses 2024: $16,998Net Income 2024: $9,8362024Revenue 2025: $20,592Expenses 2025: $16,151Net Income 2025: $4,4412025

Highlighted filing

2025

Revenue$20,592
Expenses$16,151
Net Income$4,441
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$644,118
Liabilities
$274
Net assets
$643,844
Revenue
$20,592
Expenses
$16,151
Net income
$4,441
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.44$0.00$6.44$0.21$0.16$0.04
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$0.00$6.42$0.27$0.17$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.24$0.00$6.24$0.22$0.16$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.21$0.00$6.21$0.18$0.15$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.19$0.00$6.19$0.05$0.00$0.05
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.13$0.00$6.13$0.12$0.32$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.34$0.00$6.34$0.10$0.00$0.10
2018Summary only. Only limited summary data is available for this year.$6.24$0.00$6.24$0.03$0.17$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.36$0.00$6.36$0.04$0.16$0.12
2016Detailed filing. Detailed filing data is available for this year.$6.49$0.00$6.49$0.05$0.07$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$0.00$6.51$0.05$0.07$0.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.53$0.00$6.53$0.05$0.07$0.02
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.55$0.00$6.55$0.04$0.07$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$0.00$6.58$0.07
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.59$0.00$6.59$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Jan 19, 2026
Return Version
2024v5.0
Gross Receipts
$20,592
Mission and Program Overview

Mission

To promote economic development in dickinson county

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$631,103$636,475▲ $5,372
Rtn Earn Endowment Incm Other Fnds$566,876$568,844▲ $1,968
Cap Stk Tr Prin Current Funds$75,000$75,000→ $0
Cash and Non-Interest-Bearing Accounts$3,220$3,220→ $0
Total Assets$641,876$644,118▲ $2,242
Other Assets Total$7,553$4,423▼ $3,130
Liabilities
Accounts Payable and Accrued Expenses-$274-
Total Liabilities$0$274▲ $274
Net Assets / Fund Balance
Total Net Assets Fund Balance$641,876$643,844▲ $1,968
Total Liabilities and Net Assets / Fund Balance$641,876$644,118▲ $2,242
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Lee LofstromPresident
Benjamin WoodDirector
Russ KassinDirector
Tom AndesDirector
Suzanne LarsonSecretary
Lisa FittanteTreasurer
Steve VerretteVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$20,592
Other Revenue
$0
Change in Net Assets
$4,441

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,592
Total Revenue per Audited Statements
$20,592
Total Revenue per Form 990
$20,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$15,000-$15,000
Other Expenses$854$22-$22
Total Functional Expenses$854$15,297$0$16,151

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,151
Total Expenses per Audited Statements$16,151
Total Expenses per Form 990$16,151
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
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The unrestricted net assets include 750 shares of common capital stock with a par value of 100 per share.”

Form 990, Page 6, Part VI, Line 11B

“Return is prepared and printed for the board to review before electronic filing.”

Form 990, Page 6, Part VI, Line 19

“All tax returns and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Dickinson County Industrial
EIN
38-6091511
Phone
9067744051
Address
N3660 N HWY US 2, IRON MOUNTAIN, MI 49801

Signing Officer

Name
Lisa Fittante
Title
Treasurer
Phone
9067744051
Signed
2026-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Lofstrom
Formed
1956
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Fittante & Colenso Cpas Pc
Address
3660 N US HWY 2, IRON MOUNTAIN, MI 49801
Preparer
Lisa Fittante
Phone
9067744051
Raw XML Appendix257 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum09067744051
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0N3660 N HWY US 2
IRS990/BooksInCareOfDetail/USAddress/CityNm0IRON MOUNTAIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
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IRS990/CollectionsOfArtInd0false
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IRS990/ConsolidatedAuditFinclStmtInd0false
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IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherExpensesAmt016151
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt04441
IRS990/CYSalariesCompEmpBnftPaidAmt00
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IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt020592
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IRS990/DelegationOfMgmtDutiesInd0false
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IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
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IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01956
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt020592
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020592
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0631103
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0636475
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetUnrlzdGainsLossesInvstAmt0-2473
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IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherExpensesGrp/TotalAmt222
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IRS990/UponRequestInd0X
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-19
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ReturnHeader/ReturnTs02026-01-19T15:42:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-10-01
ReturnHeader/TaxPeriodEndDt02025-09-30
ReturnHeader/TaxYr02024

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