Civic Intelligence

Central Minnesota Development Company

990 • Fiscal year 2022 • EIN 41-1345544

Oct 01, 2021 to Sep 30, 2022 • Filed on Jan 31, 2023

Organization ProfileWWW.CMDCBUSINESSLOANS.COM
1885 Station Parkway NWAndover, MN 55304

(763) 784-3337

Siviq Scores

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

Liabilities / Assets

81st percentile

0.43x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.34x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

14th percentile

-11%

Higher net margin than 14% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$223,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

9th percentile

-18%

Faster asset growth than 9% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-19%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$3,109,444

Down $662,788 (-18%) from 2021

Net Assets

Down

$1,765,994

Down $106,349 (-5.7%) from 2021

Liabilities

Down

$1,343,450

Down $556,439 (-29%) from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin14th percentile

Revenue

Down

$999,166

Down $227,396 (-19%) from 2021

Expenses

Down

$1,105,515

Down $42,298 (-3.7%) from 2021

Net Income

Down

-$106,349

Down $185,098 (-235%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $2,592,172Liabilities 2015: $1,348,489Net Assets 2015: $1,243,6832015Assets 2016: $2,837,826Liabilities 2016: $1,479,111Net Assets 2016: $1,358,7152016Assets 2017: $3,213,610Liabilities 2017: $1,620,231Net Assets 2017: $1,593,3792017Assets 2018: $2,803,351Liabilities 2018: $1,254,478Net Assets 2018: $1,548,8732018Assets 2019: $2,951,679Liabilities 2019: $1,271,125Net Assets 2019: $1,680,5542019Assets 2020: $3,544,546Liabilities 2020: $1,750,952Net Assets 2020: $1,793,5942020Assets 2021: $3,772,232Liabilities 2021: $1,899,889Net Assets 2021: $1,872,3432021Assets 2022: $3,109,444Liabilities 2022: $1,343,450Net Assets 2022: $1,765,9942022Assets 2023: $3,077,135Liabilities 2023: $1,080,226Net Assets 2023: $1,996,9092023Assets 2024: $3,012,170Liabilities 2024: $828,224Net Assets 2024: $2,183,9462024Assets 2025: $3,431,925Liabilities 2025: $1,153,731Net Assets 2025: $2,278,1942025

Highlighted filing

2022

Assets$3,109,444
Liabilities$1,343,450
Net Assets$1,765,994
Open 2022 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $761,080Expenses 2015: $691,538Net Income 2015: $69,5422015Revenue 2016: $828,436Expenses 2016: $713,404Net Income 2016: $115,0322016Revenue 2017: $997,105Expenses 2017: $762,441Net Income 2017: $234,6642017Revenue 2018: $831,035Expenses 2018: $875,541Net Income 2018: -$44,5062018Revenue 2019: $865,883Expenses 2019: $734,202Net Income 2019: $131,6812019Revenue 2020: $1,222,494Expenses 2020: $1,109,454Net Income 2020: $113,0402020Revenue 2021: $1,226,562Expenses 2021: $1,147,813Net Income 2021: $78,7492021Revenue 2022: $999,166Expenses 2022: $1,105,515Net Income 2022: -$106,3492022Revenue 2023: $1,198,809Expenses 2023: $967,894Net Income 2023: $230,9152023Revenue 2024: $1,271,694Expenses 2024: $1,148,535Net Income 2024: $123,1592024Revenue 2025: $1,403,050Expenses 2025: $1,308,802Net Income 2025: $94,2482025

Highlighted filing

2022

Revenue$999,166
Expenses$1,105,515
Net Income-$106,349
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jan 31, 2023
Return Version
2021v4.2
Gross Receipts
$1,027,210
Mission and Program Overview

Mission

Cmdc is committed to promoting economic development by cultivating a financing environment that allows minnesota small businesses to grow and prosper.

To process and monitor sba loan programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,581,960$1,160,815▼ $421,145
Savings and Temporary Cash Investments$634,469$609,614▼ $24,855
Land, Buildings, and Equipment, Net$456,738$429,506▼ $27,232
Other Notes and Loans Receivable, Net$80,368$76,976▼ $3,392
Prepaid Expenses and Deferred Charges$5,645$4,923▼ $722
Total Assets$3,772,232$3,109,444▼ $662,788
Other Assets Total$1,013,052$827,610▼ $185,442
Liabilities
Unsecured Notes Loans Payable$761,400$677,191▼ $84,209
Accounts Payable and Accrued Expenses$729,657$445,941▼ $283,716
Other Liabilities$408,832$220,318▼ $188,514
Total Liabilities$1,899,889$1,343,450▼ $556,439
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,872,343$1,765,994▼ $106,349
Total Net Assets Fund Balance$1,872,343$1,765,994▼ $106,349
Total Liabilities and Net Assets / Fund Balance$3,772,232$3,109,444▼ $662,788

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$306,409$370,280$676,689
Equipment$8,597$133,112$141,709
Land$114,500-$114,500
Other Land Buildings$0$2,643$2,643
Other Assets Org$44,609--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mike MulrooneyExecutive DirectorFT$223,000$223,000

Board Members and Trustees

NameTitle
Jerry TeesonChairman
David RymanowskiVice Chairman
Clark ArnesonDirector
Dave BuelowDirector
Don McguireDirector
Joe PetersonDirector
Larry CraneDirector
Marty FisherDirector
Julie LuxSecretary
Timothy WalkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$963,586
Investment Income
$30,658
Other Revenue
$4,922
Change in Net Assets
$-106,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,027,210
Revenue Not Reported on Financial Statements
$-28,044
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-28,044
Total Revenue per Audited Statements
$1,027,210
Total Revenue per Form 990
$999,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$872,317
Other Expenses$233,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$478,983$5,828-$484,811
Comp Disqual Persons$189,550$23,016-$212,566
Fees for Services Accounting$85,477--$85,477
Other Employee Benefits$75,347$3,251-$78,598
Payroll Taxes$54,305$2,343-$56,648
Pension Plan Contributions$38,052$1,642-$39,694
Office Expenses$28,863--$28,863
Conferences and Meetings$14,074--$14,074
Advertising$12,045--$12,045
Insurance$10,907--$10,907
All Other Expenses$10,010--$10,010
Interest$6,174--$6,174
Other Expenses$5,661--$5,661
Depreciation Depletion$5,611--$5,611
Travel$3,916--$3,916
Total Functional Expenses$1,069,435$36,080$0$1,105,515

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,133,559
Total Expenses per Audited Statements$1,133,559
Total Expenses per Form 990$1,105,515
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-28,044
Other Expense Adjustments$-28,044
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Revolving Loan Fund$179,800
Deferred Loan Fees$40,518
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 executive director first reviews the 990 received from the accountant, then is reviewed by the executive committee who presents it to the board for review and approval prior to mailing.”

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

“Discussed at least annually at the board meeting to keep members aware.”

Form 990, Part VI, Section B, Line 15

“Annual reviews are completed with consideration of accomplishments of personal and buisness goals. Industry standards are used in conjunction with accomplishments. All compensation rates are reviewed and approved by the board.”

Form 990, Part VI, Section C, Line 19

“Available at the office upon request.”

Filing and Contact Details

Filer

Filer Name
Central Minnesota Development Company
EIN
41-1345544
Phone
7637843337
Address
1885 STATION PARKWAY NW, ANDOVER, MN 55304

Signing Officer

Name
Mike Mulrooney
Title
Executive Director
Phone
7637843337
Signed
2023-01-31

Organization Details

Principal Officer
Mike Mulrooney
Formed
1978
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
8
Volunteers
0

Preparer

Firm
Smith Schafer & Associates Ltd
Address
7500 HIGHWAY 55 SUITE 350, MINNEAPOLIS, MN 55427
Preparer
Dean Richards
Phone
9529201455
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Organization's board of directors is responsible for oversight of the audit and selection of an independent accountant. Audited financial statements and 990 are reviewed by the board prior to issuance.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(6) of the internal revenue code. Certain organizational activities are taxable as unrelated business income. There is no provision or liability for federal income taxes for the year presented, as those activities did not result in taxable income. Management has determined that the organization does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. The organization's federal information returns are subject to examination by the irs, generally for three years after they were filed.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

Raw XML AppendixShowing 400 of 453 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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IRS990/OtherExpensesGrp/TotalAmt027708
IRS990/OtherExpensesGrp/TotalAmt114936
IRS990/OtherExpensesGrp/TotalAmt27816
IRS990/OtherExpensesGrp/TotalAmt35661
IRS990/OtherLiabilitiesGrp/BOYAmt0408832
IRS990/OtherLiabilitiesGrp/EOYAmt0220318
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01000
IRS990/OtherRevenueTotalAmt01000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05828
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0478983
IRS990/OtherSalariesAndWagesGrp/TotalAmt0484811
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt080368
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt076976
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02343
IRS990/PayrollTaxesGrp/ProgramServicesAmt054305
IRS990/PayrollTaxesGrp/TotalAmt056648
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01642
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt038052
IRS990/PensionPlanContributionsGrp/TotalAmt039694
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05645
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04923
IRS990/PrincipalOfficerNm0MIKE MULROONEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN ORIGINATION AND S
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0963586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0963586
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt043309
IRS990/PYOtherExpensesAmt0201097
IRS990/PYOtherRevenueAmt04830
IRS990/PYProgramServiceRevenueAmt01178423
IRS990/PYRevenuesLessExpensesAmt078749
IRS990/PYSalariesCompEmpBnftPaidAmt0946716
IRS990/PYTotalExpensesAmt01147813
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01226562
IRS990/ReconcilationRevenueExpnssAmt0-106349
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03922
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0634469
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0609614
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0306409
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0370280
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0676689
IRS990ScheduleD/EquipmentGrp/BookValueAmt08597
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0133112
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141709
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-28044
IRS990ScheduleD/ExpensesSubtotalAmt01133559
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0114500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0114500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0384510
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1100413
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2185226
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3112852
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt444609
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ILP NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REVOLVING LOAN FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CERTIFICATES OF DEPOSIT - LONG-TERM
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4MINNESOTA EMERGING ENTREPRENEUR LOAN
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-28044
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02643
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0179800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REVOLVING LOAN FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED LOAN FEES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-28044
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-28044
IRS990ScheduleD/RevenueSubtotalAmt01027210
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CERTAIN ORGANIZATIONAL ACTIVITIES ARE TAXABLE AS UNRELATED BUSINESS INCOME. THERE IS NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES FOR THE YEAR PRESENTED, AS THOSE ACTIVITIES DID NOT RESULT IN TAXABLE INCOME. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION'S FEDERAL INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0429506
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0827610
IRS990ScheduleD/TotalExpensesPerForm990Amt01105515
IRS990ScheduleD/TotalLiabilityAmt0220318
IRS990ScheduleD/TotalRevenuePerForm990Amt0999166
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01027210
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01133559
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0223000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MIKE MULROONEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0223000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR FIRST REVIEWS THE 990 RECEIVED FROM THE ACCOUNTANT, THEN IS REVIEWED BY THE EXECUTIVE COMMITTEE WHO PRESENTS IT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSED AT LEAST ANNUALLY AT THE BOARD MEETING TO KEEP MEMBERS AWARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REVIEWS ARE COMPLETED WITH CONSIDERATION OF ACCOMPLISHMENTS OF PERSONAL AND BUISNESS GOALS. INDUSTRY STANDARDS ARE USED IN CONJUNCTION WITH ACCOMPLISHMENTS. ALL COMPENSATION RATES ARE REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE AT THE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION'S BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. AUDITED FINANCIAL STATEMENTS AND 990 ARE REVIEWED BY THE BOARD PRIOR TO ISSUANCE.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03772232
IRS990/TotalAssetsEOYAmt03109444
IRS990/TotalAssetsGrp/BOYAmt03772232
IRS990/TotalAssetsGrp/EOYAmt03109444
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036080
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01069435
IRS990/TotalFunctionalExpensesGrp/TotalAmt01105515
IRS990/TotalGrossUBIAmt03922
IRS990/TotalLiabilitiesBOYAmt01899889
IRS990/TotalLiabilitiesEOYAmt01343450
IRS990/TotalLiabilitiesGrp/BOYAmt01899889
IRS990/TotalLiabilitiesGrp/EOYAmt01343450
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01872343
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01765994
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01069435
IRS990/TotalProgramServiceRevenueAmt0963586
IRS990/TotalReportableCompFromOrgAmt0223000
IRS990/TotalRevenueGrp/ExclusionAmt030658
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0964586

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,109,444
Liabilities
$1,343,450
Net assets
$1,765,994
Revenue
$999,166
Expenses
$1,105,515
Net income
-$106,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.43$1.15$2.28$1.40$1.31$0.09
2024Detailed filing. Detailed filing data is available for this year.$3.01$0.83$2.18$1.27$1.15$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.08$1.08$2.00$1.20$0.97$0.23
2022Detailed filing. Detailed filing data is available for this year.$3.11$1.34$1.77$1.00$1.11$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.77$1.90$1.87$1.23$1.15$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.54$1.75$1.79$1.22$1.11$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.95$1.27$1.68$0.87$0.73$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.80$1.25$1.55$0.83$0.88$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.21$1.62$1.59$1.00$0.76$0.23
2016Detailed filing. Detailed filing data is available for this year.$2.84$1.48$1.36$0.83$0.71$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.59$1.35$1.24$0.76$0.69$0.07