Civic Intelligence

Central Minnesota Development Company

990 • Fiscal year 2024 • EIN 41-1345544

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 17, 2025

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

67th percentile

0.27x

Higher debt load relative to assets than 67% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.65x

Higher debt load relative to revenue than 88% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

9.7%

Higher net margin than 66% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$164,107

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

25th percentile

-2.1%

Faster asset growth than 25% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

6.1%

Faster revenue growth than 50% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$3,012,170

Down $64,965 (-2.1%) from 2023

Net Assets

Up

$2,183,946

Up $187,037 (+9.4%) from 2023

Liabilities

Down

$828,224

Down $252,002 (-23%) from 2023

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin66th percentile

Revenue

Up

$1,271,694

Up $72,885 (+6.1%) from 2023

Expenses

Up

$1,148,535

Up $180,641 (+19%) from 2023

Net Income

Down

$123,159

Down $107,756 (-47%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2024

Assets$3,012,170
Liabilities$828,224
Net Assets$2,183,946
Open 2024 Filing

Operations Trend

Revenue Growth50th 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

2024

Revenue$1,271,694
Expenses$1,148,535
Net Income$123,159
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 17, 2025
Return Version
2023v6.0
Gross Receipts
$1,297,238
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$864,311$871,905▲ $7,594
Savings and Temporary Cash Investments$733,434$760,866▲ $27,432
Land, Buildings, and Equipment, Net$402,155$383,908▼ $18,247
Other Notes and Loans Receivable, Net$93,344$78,974▼ $14,370
Accounts Receivable-$67,377-
Prepaid Expenses and Deferred Charges$2,675$2,839▲ $164
Total Assets$3,077,135$3,012,170▼ $64,965
Other Assets Total$981,216$846,301▼ $134,915
Liabilities
Unsecured Notes Loans Payable$591,133$503,438▼ $87,695
Other Liabilities$244,916$189,957▼ $54,959
Accounts Payable and Accrued Expenses$244,177$134,829▼ $109,348
Total Liabilities$1,080,226$828,224▼ $252,002
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,996,909$2,183,946▲ $187,037
Total Net Assets Fund Balance$1,996,909$2,183,946▲ $187,037
Total Liabilities and Net Assets / Fund Balance$3,077,135$3,012,170▼ $64,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$261,662$415,027$676,689
Equipment$7,746$143,035$150,781
Land$114,500-$114,500
Other Land Buildings$0$2,643$2,643
Other Assets Org$7,402--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tim WalkerExecutive DirectorFT$164,107$164,107

Board Members and Trustees

NameTitle
Chris RandallChairman
David RymanowskiVice Chairman
Christine CostelloDirector
Clark ArnesonDirector
Erik HeggDirector
Kraig KliberDirector
Larry CraneDirector
Marty FisherDirector
Maureen SteinwallDirector
Perry RasslerDirector
Sean SullivanDirector
Steven KalinaDirector
Julie LuxSecretary
Joe PetersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,179,689
Investment Income
$88,247
Other Revenue
$3,758
Change in Net Assets
$123,159

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,297,238
Revenue Not Reported on Financial Statements
$-25,544
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-25,544
Total Revenue per Audited Statements
$1,297,238
Total Revenue per Form 990
$1,271,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$873,099
Other Expenses$275,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$452,507$79,854-$532,361
Current Officers, Directors, Trustees, and Key Employees$139,491$24,616-$164,107
Fees for Services Accounting$95,799--$95,799
Pension Plan Contributions$65,220$3,433-$68,653
Other Employee Benefits$54,030$2,844-$56,874
Payroll Taxes$48,549$2,555-$51,104
Conferences and Meetings$26,777--$26,777
Advertising$26,446--$26,446
Office Expenses$21,240--$21,240
All Other Expenses$13,715--$13,715
Insurance$11,024--$11,024
Other Expenses$5,350--$5,350
Interest$4,657--$4,657
Travel$4,140--$4,140
Depreciation Depletion$3,719--$3,719
Total Functional Expenses$1,035,233$113,302$0$1,148,535

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,174,079
Total Expenses per Audited Statements$1,174,079
Total Expenses per Form 990$1,148,535
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-25,544
Other Expense Adjustments$-25,544
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$174,967
Deferred Loan Fees$7,588
Operating Lease Liability$7,402
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Tim Walker
Title
Executive Director
Phone
7637843337
Signed
2025-02-17

Organization Details

Principal Officer
Tim Walker
Formed
1978
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
9
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 XI, LINE 9:

“PY RESTATEMENT 63,878.”

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 480 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/LandBldgEquipBasisNetGrp/EOYAmt0383908
IRS990/LandBldgEquipCostOrOtherBssAmt0944613
IRS990/LegalDomicileStateCd0MN
IRS990/LessRentalExpensesGrp/RealAmt025544
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CMDC IS COMMITTED TO PROMOTING ECONOMIC DEVELOPMENT BY CULTIVATING A FINANCING ENVIRONMENT THAT ALLOWS MINNESOTA SMALL BUSINESSES TO GROW AND PROSPER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01996909
IRS990/NetAssetsOrFundBalancesEOYAmt02183946
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03758
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt03758
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01996909
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02183946
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt021240
IRS990/OfficeExpensesGrp/TotalAmt021240
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0981216
IRS990/OtherAssetsTotalGrp/EOYAmt0846301
IRS990/OtherChangesInNetAssetsAmt063878
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02844
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054030
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056874
IRS990/OtherExpensesGrp/Desc0COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2MAINTENACE AND REPAIRS
IRS990/OtherExpensesGrp/Desc3EQUIPMENTAL RENTAL
IRS990/OtherExpensesGrp/ProgramServicesAmt040413
IRS990/OtherExpensesGrp/ProgramServicesAmt116510
IRS990/OtherExpensesGrp/ProgramServicesAmt25646
IRS990/OtherExpensesGrp/ProgramServicesAmt35350
IRS990/OtherExpensesGrp/TotalAmt040413
IRS990/OtherExpensesGrp/TotalAmt116510
IRS990/OtherExpensesGrp/TotalAmt25646
IRS990/OtherExpensesGrp/TotalAmt35350
IRS990/OtherLiabilitiesGrp/BOYAmt0244916
IRS990/OtherLiabilitiesGrp/EOYAmt0189957
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079854
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0452507
IRS990/OtherSalariesAndWagesGrp/TotalAmt0532361
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt093344
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt078974
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02555
IRS990/PayrollTaxesGrp/ProgramServicesAmt048549
IRS990/PayrollTaxesGrp/TotalAmt051104
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03433
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt065220
IRS990/PensionPlanContributionsGrp/TotalAmt068653
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02675
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02839
IRS990/PrincipalOfficerNm0TIM WALKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN ORIGINATION AND S
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01179689
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01179689
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt048208
IRS990/PYOtherExpensesAmt0208587
IRS990/PYOtherRevenueAmt094878
IRS990/PYProgramServiceRevenueAmt01055723
IRS990/PYRevenuesLessExpensesAmt0230915
IRS990/PYSalariesCompEmpBnftPaidAmt0759307
IRS990/PYTotalExpensesAmt0967894
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01198809
IRS990/ReconcilationRevenueExpnssAmt0123159
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03758
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0733434
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0760866
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0261662
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0415027
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0676689
IRS990ScheduleD/EquipmentGrp/BookValueAmt07746
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0143035
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0150781
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-25544
IRS990ScheduleD/ExpensesSubtotalAmt01174079
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0114500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0114500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0532956
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1103012
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2174967
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt327964
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt47402
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ILP NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REVOLVING LOAN FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MINNESOTA EMERGING ENTREPRENEUR LOAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OPERATING RIGHT OF USE ASSET
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-25544
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02643
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0174967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27402
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REVOLVING LOAN FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED LOAN FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-25544
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-25544
IRS990ScheduleD/RevenueSubtotalAmt01297238
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/TotalBookValueLandBuildingsAmt0383908
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0846301
IRS990ScheduleD/TotalExpensesPerForm990Amt01148535
IRS990ScheduleD/TotalLiabilityAmt0189957
IRS990ScheduleD/TotalRevenuePerForm990Amt01271694
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01297238
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01174079
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0164107
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/PersonNm0TIM WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0164107
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/ExplanationTxt4PY RESTATEMENT 63,878.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION'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 XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,012,170
Liabilities
$828,224
Net assets
$2,183,946
Revenue
$1,271,694
Expenses
$1,148,535
Net income
$123,159
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