Civic Intelligence

Stevens County Economic Improvement Commission

990 • Fiscal year 2015 • EIN 41-1383188

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 24, 2016

Organization ProfileWWW.SCEIC.ORG
215 Atlantic Ave Suite 2Morris, MN 56267-1397

(320) 585-2609

Siviq Scores

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

Liabilities / Assets

74th percentile

0.40x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

0.75x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$77,149

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

604%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$2,102,658

Up $378,969 (+22%) from 2014

Net Assets

Up

$1,264,686

Up $935,668 (+284%) from 2014

Liabilities

Down

$837,972

Down $556,699 (-40%) from 2014

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin97th percentile

Revenue

Up

$1,110,673

Up $952,943 (+604%) from 2014

Expenses

Down

$175,005

Down $22,663 (-11%) from 2014

Net Income

Up

$935,668

Up $975,606 (+2443%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,479,574Liabilities 2011: $1,004,407Net Assets 2011: $475,1672011Assets 2012: $1,421,500Liabilities 2012: $966,226Net Assets 2012: $455,2742012Assets 2013: $1,302,901Liabilities 2013: $933,945Net Assets 2013: $368,9562013Assets 2014: $1,723,689Liabilities 2014: $1,394,671Net Assets 2014: $329,0182014Assets 2015: $2,102,658Liabilities 2015: $837,972Net Assets 2015: $1,264,6862015Assets 2016: $2,027,472Liabilities 2016: $770,773Net Assets 2016: $1,256,6992016Assets 2017: $1,997,177Liabilities 2017: $721,522Net Assets 2017: $1,275,6552017Assets 2018: $1,906,241Liabilities 2018: $673,538Net Assets 2018: $1,232,7032018Assets 2019: $1,851,603Liabilities 2019: $620,985Net Assets 2019: $1,230,6182019Assets 2020: $1,880,545Liabilities 2020: $572,804Net Assets 2020: $1,307,7412020Assets 2021: $1,816,525Liabilities 2021: $519,967Net Assets 2021: $1,296,5582021Assets 2022: $1,768,882Liabilities 2022: $469,102Net Assets 2022: $1,299,7802022Assets 2023: $1,643,936Liabilities 2023: $414,067Net Assets 2023: $1,229,8692023Assets 2024: $1,621,256Liabilities 2024: $352,798Net Assets 2024: $1,268,4582024

Highlighted filing

2015

Assets$2,102,658
Liabilities$837,972
Net Assets$1,264,686
Open 2015 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $232,581Expenses 2011: $380,148Net Income 2011: -$147,5672011Expenses 2012: $231,6512012Revenue 2013: $148,497Expenses 2013: $234,815Net Income 2013: -$86,3182013Revenue 2014: $157,730Expenses 2014: $197,668Net Income 2014: -$39,9382014Revenue 2015: $1,110,673Expenses 2015: $175,005Net Income 2015: $935,6682015Revenue 2016: $158,872Expenses 2016: $166,859Net Income 2016: -$7,9872016Revenue 2017: $162,932Expenses 2017: $143,976Net Income 2017: $18,9562017Revenue 2018: $150,300Expenses 2018: $193,252Net Income 2018: -$42,9522018Revenue 2019: $148,054Expenses 2019: $150,139Net Income 2019: -$2,0852019Revenue 2020: $227,689Expenses 2020: $150,566Net Income 2020: $77,1232020Revenue 2021: $158,894Expenses 2021: $170,077Net Income 2021: -$11,1832021Revenue 2022: $155,615Expenses 2022: $152,393Net Income 2022: $3,2222022Revenue 2023: $184,592Expenses 2023: $254,503Net Income 2023: -$69,9112023Revenue 2024: $241,904Expenses 2024: $203,315Net Income 2024: $38,5892024

Highlighted filing

2015

Revenue$1,110,673
Expenses$175,005
Net Income$935,668
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 24, 2016
Return Version
2015v2.1
Gross Receipts
$1,110,673
Mission and Program Overview

Mission

The mission of sceic, inc. Is to "create and retain jobs" by providing countywide economic development assistance in the form of obtaining for business clients loan packaging, financial projections, and low interest, long-term, fixed rate "gap financing" loans and various grants.

The mission of sceic, inc. Is to -create and retain jobs" by providing countywide economic development assistance in the form of obtaining for business clients loan packaging, financial projections, and low interest, long-term, fixed rate "gap financing" loans and various grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$736,132$1,481,824▲ $745,692
Savings and Temporary Cash Investments$530,499$554,126▲ $23,627
Cash and Non-Interest-Bearing Accounts$442,795$54,000▼ $388,795
Land, Buildings, and Equipment, Net$9,165$6,844▼ $2,321
Accounts Receivable$3,851$3,170▼ $681
Prepaid Expenses and Deferred Charges$1,247$2,694▲ $1,447
Total Assets$1,723,689$2,102,658▲ $378,969
Liabilities
Unsecured Notes Loans Payable$857,462$808,363▼ $49,099
Deferred Revenue$508,675--
Accounts Payable and Accrued Expenses$28,534$29,609▲ $1,075
Total Liabilities$1,394,671$837,972▼ $556,699
Net Assets / Fund Balance
Temporarily Rstr Net Assets$344,005$1,250,299▲ $906,294
Unrestricted Net Assets$-14,987$14,387▲ $29,374
Total Net Assets Fund Balance$329,018$1,264,686▲ $935,668
Total Liabilities and Net Assets / Fund Balance$1,723,689$2,102,658▲ $378,969

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,844$7,872$14,716
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleBaseTotal
Rebecca YoungDirector$77,149$77,149

Board Members and Trustees

NameTitle
Doug EhlersChairperson
Sheldon GieseVice Chairpe
Blaine HillDirector
Donny WohlersDirector
Gary DonovanDirector
Jerry SullivanDirector
Justin CronenDirector
Paul MahoneyDirector
Roger GerdesDirector
Walter BiesterfeldDirector
Michael HaynesExecutive Di
Jan HagenOfficer at L
Larry RinggenbergSecretary
Ryan SleiterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,059,877
Program Service Revenue
$47,789
Investment Income
$3,007
Other Revenue
$0
All Other Contributions
$27,677
Change in Net Assets
$935,668

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,110,673
Total Revenue per Audited Statements
$1,110,673
Total Revenue per Form 990
$1,110,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$133,051
Other Expenses$41,954
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons-$77,149-$77,149
Other Salaries and Wages-$37,452-$37,452
Other Employee Benefits-$9,707-$9,707
Fees for Services Accounting$8,844$200-$9,044
Payroll Taxes-$8,743-$8,743
Interest$8,361--$8,361
Occupancy-$6,108-$6,108
Conferences and Meetings-$2,912-$2,912
Insurance$1,532$848-$2,380
Depreciation Depletion-$2,320-$2,320
Office Expenses-$2,062-$2,062
All Other Expenses-$945-$945
Other Expenses$601$35-$636
Total Functional Expenses$22,616$152,389$0$175,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$175,005
Total Expenses per Audited Statements$175,005
Total Expenses per Form 990$175,005
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

“Members include those receiving loans and assistane through the oranization.”

Form 990, Page 6, Part VI, Line 7A

“Members vote for the board of directors.”

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

“The return is reviewed by the board of directors before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“Interests are disclosed to determine if a conflict is present.”

Form 990, Page 6, Part VI, Line 18

“Form 990 is available on the minnesota attorney general website.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Stevens County Eic Inc
EIN
41-1383188
Phone
3205852609
Address
215 ATLANTIC AVE SUITE 2, MORRIS, MN 56267-1397

Signing Officer

Name
Michael Haynes
Title
Executive Director
Phone
3205852609
Signed
2016-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Ehlers
Formed
1980
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
9
Employees
2

Preparer

Firm
Carlson Highland & Co Llp
Address
403 S UNION AVE, FERGUS FALLS, MN 56537
Preparer
Catherine Kulig CPA
Phone
2187393267
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of sceic, inc. Is to -create and retain jobs" by providing countywide economic development assistance in the form of obtaining for business clients loan packaging, financial projections, and low interest, long-term, fixed rate "gap financing" loans and various grants.”

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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/Desc0GRANT EXPENSES
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IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3BANK FEES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt235
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IRS990/OtherExpensesGrp/ProgramServicesAmt2601
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01481824
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08743
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01247
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IRS990/PrincipalOfficerNm0DOUG EHLERS
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IRS990/ProgramServiceRevenueGrp/Desc1ADMIN & SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc2REVOLVING LOAN FUND INCOME
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IRS990/PYTotalRevenueAmt0157730
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0107286
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02129
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0101596
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01469363
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt07872
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014716
IRS990ScheduleD/ExpensesSubtotalAmt0175005
IRS990ScheduleD/RevenueSubtotalAmt01110673
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06844
IRS990ScheduleD/TotalExpensesPerForm990Amt0175005
IRS990ScheduleD/TotalRevenuePerForm990Amt01110673
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01110673
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF SCEIC, INC. IS TO -CREATE AND RETAIN JOBS" BY PROVIDING COUNTYWIDE ECONOMIC DEVELOPMENT ASSISTANCE IN THE FORM OF OBTAINING FOR BUSINESS CLIENTS LOAN PACKAGING, FINANCIAL PROJECTIONS, AND LOW INTEREST, LONG-TERM, FIXED RATE "GAP FINANCING" LOANS AND VARIOUS GRANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS INCLUDE THOSE RECEIVING LOANS AND ASSISTANE THROUGH THE ORANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE FOR THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INTERESTS ARE DISCLOSED TO DETERMINE IF A CONFLICT IS PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS AVAILABLE ON THE MINNESOTA ATTORNEY GENERAL WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalLiabilitiesGrp/BOYAmt01394671
IRS990/TotalLiabilitiesGrp/EOYAmt0837972
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IRS990/TotalProgramServiceRevenueAmt047789
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-14987
IRS990/UnrestrictedNetAssetsGrp/EOYAmt014387

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,102,658
Liabilities
$837,972
Net assets
$1,264,686
Revenue
$1,110,673
Expenses
$175,005
Net income
$935,668
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.35$1.27$0.24$0.20$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.41$1.23$0.18$0.25$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.47$1.30$0.16$0.15$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.52$1.30$0.16$0.17$0.01
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.88$0.57$1.31$0.23$0.15$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.62$1.23$0.15$0.15$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.67$1.23$0.15$0.19$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.72$1.28$0.16$0.14$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.77$1.26$0.16$0.17$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.10$0.84$1.26$1.11$0.18$0.94
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$1.39$0.33$0.16$0.20$0.04
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.30$0.93$0.37$0.15$0.23$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.97$0.46$0.23
2011Summary only. Only limited summary data is available for this year.$1.48$1.00$0.48$0.23$0.38$0.15
Peer Organizations

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