Civic Intelligence

Prairieland Economic Development Corporation

990 • Fiscal year 2020 • EIN 41-1493486

Oct 01, 2019 to Sep 30, 2020 • Filed on Jan 25, 2021

Organization ProfileWWW.PRAIRIELANDEDC.COM

View Organization Page

1 Prairie DriveSlayton, MN 56172-1347

(507) 836-6656

Siviq Scores

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

Liabilities / Assets

79th percentile

0.45x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.25x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

84th percentile

$151,822

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

6.7%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$2,115,077

Down $253,509 (-11%) from 2019

Net Assets

Up

$1,155,491

Up $256,804 (+29%) from 2019

Liabilities

Down

$959,586

Down $510,313 (-35%) from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin83rd percentile

Revenue

Up

$769,639

Up $48,632 (+6.7%) from 2019

Expenses

Up

$512,835

Up $3,938 (+0.8%) from 2019

Net Income

Up

$256,804

Up $44,694 (+21%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,655,586Liabilities 2011: $2,968,738Net Assets 2011: -$313,1522011Assets 2012: $2,593,685Liabilities 2012: $2,770,463Net Assets 2012: -$176,7782012Assets 2013: $2,474,745Liabilities 2013: $2,528,095Net Assets 2013: -$53,3502013Assets 2014: $2,491,097Liabilities 2014: $2,362,431Net Assets 2014: $128,6662014Assets 2015: $2,454,122Liabilities 2015: $2,171,045Net Assets 2015: $283,0772015Assets 2016: $2,387,833Liabilities 2016: $1,992,892Net Assets 2016: $394,9412016Assets 2017: $2,406,564Liabilities 2017: $1,839,400Net Assets 2017: $567,1642017Assets 2018: $2,330,818Liabilities 2018: $1,644,241Net Assets 2018: $686,5772018Assets 2019: $2,368,586Liabilities 2019: $1,469,899Net Assets 2019: $898,6872019Assets 2020: $2,115,077Liabilities 2020: $959,586Net Assets 2020: $1,155,4912020Assets 2021: $2,209,843Liabilities 2021: $816,430Net Assets 2021: $1,393,4132021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2020

Assets$2,115,077
Liabilities$959,586
Net Assets$1,155,491
Open 2020 Filing

Operations Trend

Revenue Growth61st percentile

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

$1.0M$500K$0-$500KRevenue 2011: $660,286Expenses 2011: $672,230Net Income 2011: -$11,9442011Revenue 2012: $804,233Expenses 2012: $667,859Net Income 2012: $136,3742012Revenue 2013: $802,030Expenses 2013: $678,602Net Income 2013: $123,4282013Revenue 2014: $827,138Expenses 2014: $645,122Net Income 2014: $182,0162014Revenue 2015: $784,551Expenses 2015: $630,140Net Income 2015: $154,4112015Revenue 2016: $740,761Expenses 2016: $628,897Net Income 2016: $111,8642016Revenue 2017: $759,566Expenses 2017: $587,343Net Income 2017: $172,2232017Revenue 2018: $781,361Expenses 2018: $661,948Net Income 2018: $119,4132018Revenue 2019: $721,007Expenses 2019: $508,897Net Income 2019: $212,1102019Revenue 2020: $769,639Expenses 2020: $512,835Net Income 2020: $256,8042020Revenue 2021: $789,064Expenses 2021: $551,142Net Income 2021: $237,9222021Revenue 2022: $493,241Expenses 2022: $456,398Net Income 2022: $36,8432022

Highlighted filing

2020

Revenue$769,639
Expenses$512,835
Net Income$256,804
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jan 25, 2021
Return Version
2019v5.0
Gross Receipts
$769,639
Mission and Program Overview

Mission

The corporation seeks to assist businesses with the following: economic development by assisting in the growth and expansion of small business and industry, promoting the improvement of community services, expand business ownership opportunities, promote the development of general and community welfare, and increase the local tax base.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,397,165$953,279▼ $443,886
Savings and Temporary Cash Investments$635,619$846,896▲ $211,277
Land, Buildings, and Equipment, Net$266,828$258,134▼ $8,694
Accounts Receivable$50,785$42,301▼ $8,484
Prepaid Expenses and Deferred Charges$11,314$9,973▼ $1,341
Total Assets$2,368,586$2,115,077▼ $253,509
Other Assets Total$6,875$4,494▼ $2,381
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,366,934$848,806▼ $518,128
Accounts Payable and Accrued Expenses$102,965$110,780▲ $7,815
Total Liabilities$1,469,899$959,586▼ $510,313
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$781,740$1,113,038▲ $331,298
Net Assets With Donor Restrictions$116,947$42,453▼ $74,494
Total Net Assets Fund Balance$898,687$1,155,491▲ $256,804
Total Liabilities and Net Assets / Fund Balance$2,368,586$2,115,077▼ $253,509

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$241,571$219,594$461,165
Equipment$16,083$116,202$132,285
Other Land Buildings$480$27,726$28,206
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleBaseOtherTotal
Ann PetersonPresident/ce$126,194$25,628$151,822
Ann PetersonPresident/CEO$126,194$25,628$151,822
Sherri SchuellerChair$1,120-$1,120
Claire GerberDirector$1,090-$1,090
Renae ShieldsSecretary/tr$970-$970
Jill MocklerDirector$935-$935
Tim UlrichDirector$655-$655
Matthew DorothyDirector$645-$645

Board Members and Trustees

NameTitle
Pete NeigebauerFirst Chair
Chadwick SyltieSecond Chair
Brigid TuckDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$755,015
Investment Income
$14,624
Other Revenue
$0
Change in Net Assets
$256,804

Audited Revenue Reconciliation

Revenue per Audited Statements
$769,639
Total Revenue per Audited Statements
$769,639
Total Revenue per Form 990
$769,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$403,648
Other Expenses$109,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$127,192$48,872-$176,064
Other Salaries and Wages$167,445--$167,445
Fees for Services Legal$22,500$2,350-$24,850
Other Employee Benefits$24,421--$24,421
Payroll Taxes$18,912$2,457-$21,369
Depreciation Depletion$15,951$5,317-$21,268
Occupancy$15,247$5,082-$20,329
Pension Plan Contributions$14,349--$14,349
Insurance$10,552$3,518-$14,070
Office Expenses$10,081$3,360-$13,441
Interest$13,285$53-$13,338
Fees for Services Accounting-$7,570-$7,570
Travel$7,441--$7,441
Conferences and Meetings$4,425--$4,425
Information Technology$4,213--$4,213
Advertising$3,111--$3,111
Other Expenses$1,950$295-$295
All Other Expenses$-38,196--$-38,196
Total Functional Expenses$431,387$81,448$0$512,835

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$512,835
Total Expenses per Audited Statements$512,835
Total Expenses per Form 990$512,835
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 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, Page 6, Part VI, Line 11B

“The 990 is reviewed by the board of directors.”

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

“The board chair reviews all conflicts of interest questionnaires and reports annually to the board.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors reviews annually utilizing national and regional data and studies.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors reviews annually utilizing national and regional data and studies.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflicts of interest policy, and financial statements are available for review, upon request, at corporation's office.”

Filing and Contact Details

Filer

Filer Name
Prairieland Economic Development
EIN
41-1493486
Phone
5078366656
Address
1 PRAIRIE DRIVE, SLAYTON, MN 56172-1347

Signing Officer

Name
Ann Peterson
Title
President/CEO
Phone
5078366656
Signed
2021-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Peterson
Formed
1983
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
5

Preparer

Firm
Danielle L Berg Ltd
Address
34324 COUNTY ROAD 55, REVERE, MN 56166-2012
Preparer
Danielle L Berg
Phone
5078368505
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation seeks to assist businesses with the following: economic development by assisting in the growth and expansion of small business and industry, promoting the improvement of community services, expand business ownership opportunities, promote the development of general and community welfare, and increase the local tax base.”

Raw XML AppendixShowing 400 of 468 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0102965
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0110780
IRS990/AccountsReceivableGrp/BOYAmt050785
IRS990/AccountsReceivableGrp/EOYAmt042301
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE CORPORATION SEEKS TO ASSIST BUSINESSES WITH THE FOLLOWING: ECONOMIC DEVELOPMENT BY ASSISTING IN THE GROWTH AND EXPANSION OF SMALL BUSINESS AND INDUSTRY, PROMOTING THE IMPROVEMENT OF COMMUNITY SERVICES, EXPAND BUSINESS OWNERSHIP OPPORTUNITIES, PROMOTE THE DEVELOPMENT OF GENERAL AND COMMUNITY WELFARE, AND INCREASE THE LOCAL TAX BASE.
IRS990/AdvertisingGrp/ProgramServicesAmt03111
IRS990/AdvertisingGrp/TotalAmt03111
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-38196
IRS990/AllOtherExpensesGrp/TotalAmt0-38196
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0ANN PETERSON
IRS990/BooksInCareOfDetail/PhoneNum05078366656
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 PRAIRIE DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SLAYTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd056172
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt048872
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0127192
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0176064
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04425
IRS990/ConferencesMeetingsGrp/TotalAmt04425
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt014624
IRS990/CYOtherExpensesAmt0109187
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0755015
IRS990/CYRevenuesLessExpensesAmt0256804
IRS990/CYSalariesCompEmpBnftPaidAmt0403648
IRS990/CYTotalExpensesAmt0512835
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0769639
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt05317
IRS990/DepreciationDepletionGrp/ProgramServicesAmt015951
IRS990/DepreciationDepletionGrp/TotalAmt021268
IRS990/Desc0THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO SERVE AS A CERTIFIED DEVELOPMENT COMPANY (CDC) PURSUANT TO SECTION 503 AND 504 OF TITLE V OF THE SMALL BUSINESS INVESTMENT ACT OF 1958 AS AMENDED. CDC IS A PRIVATE NON- PROFIT CORPORATION WHOSE PURPOSE IS TO CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF ITS AREA OF OPERATION. WE APPROVED 22 LOANS FOR 10.5 MILLION AND FUNDED 21 LOANS FOR 10.2 MILLION WITH PROJECTED JOBS OF 96 CREATED AND RETAINED.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0116947
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt042453
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0431387
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07570
IRS990/FeesForServicesAccountingGrp/TotalAmt07570
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02350
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt022500
IRS990/FeesForServicesLegalGrp/TotalAmt024850
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt025628
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0ANN PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1SHERRI SCHUELLER
IRS990/Form990PartVIISectionAGrp/PersonNm2CLAIRE GERBER
IRS990/Form990PartVIISectionAGrp/PersonNm3RENAE SHIELDS
IRS990/Form990PartVIISectionAGrp/PersonNm4JILL MOCKLER
IRS990/Form990PartVIISectionAGrp/PersonNm5TIM ULRICH
IRS990/Form990PartVIISectionAGrp/PersonNm6MATTHEW DOROTHY
IRS990/Form990PartVIISectionAGrp/PersonNm7PETE NEIGEBAUER
IRS990/Form990PartVIISectionAGrp/PersonNm8CHADWICK SYLTIE
IRS990/Form990PartVIISectionAGrp/PersonNm9BRIGID TUCK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0126194
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21090
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3970
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4935
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5655
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6645
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7FIRST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECOND CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt011500
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt011500
IRS990/GrossReceiptsAmt0769639
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt04213
IRS990/InformationTechnologyGrp/TotalAmt04213
IRS990/InsuranceGrp/ManagementAndGeneralAmt03518
IRS990/InsuranceGrp/ProgramServicesAmt010552
IRS990/InsuranceGrp/TotalAmt014070
IRS990/InterestGrp/ManagementAndGeneralAmt053
IRS990/InterestGrp/ProgramServicesAmt013285
IRS990/InterestGrp/TotalAmt013338
IRS990/InvestmentIncomeGrp/ExclusionAmt03124
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03124
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0363522
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0266828
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0258134
IRS990/LandBldgEquipCostOrOtherBssAmt0621656
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE CORPORATION SEEKS TO ASSIST BUSINESSES WITH THE FOLLOWING: ECONOMIC DEVELOPMENT BY ASSISTING IN THE GROWTH AND EXPANSION OF SMALL BUSINESS AND INDUSTRY, PROMOTING THE IMPROVEMENT OF COMMUNITY SERVICES, EXPAND BUSINESS OWNERSHIP OPPORTUNITIES, PROMOTE THE DEVELOPMENT OF GENERAL AND COMMUNITY WELFARE, AND INCREASE THE LOCAL TAX BASE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01366934
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0848806
IRS990/NetAssetsOrFundBalancesBOYAmt0898687
IRS990/NetAssetsOrFundBalancesEOYAmt01155491
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt011500
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt011500
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0781740
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01113038
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05082
IRS990/OccupancyGrp/ProgramServicesAmt015247
IRS990/OccupancyGrp/TotalAmt020329
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03360
IRS990/OfficeExpensesGrp/ProgramServicesAmt010081
IRS990/OfficeExpensesGrp/TotalAmt013441
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06875
IRS990/OtherAssetsTotalGrp/EOYAmt04494
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024421
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024421
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc1BOARD EXPENSE
IRS990/OtherExpensesGrp/Desc2FILING FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02574
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1295
IRS990/OtherExpensesGrp/ProgramServicesAmt08508
IRS990/OtherExpensesGrp/ProgramServicesAmt11950
IRS990/OtherExpensesGrp/TotalAmt08508
IRS990/OtherExpensesGrp/TotalAmt12574
IRS990/OtherExpensesGrp/TotalAmt21950
IRS990/OtherExpensesGrp/TotalAmt3295
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0167445
IRS990/OtherSalariesAndWagesGrp/TotalAmt0167445
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01397165
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0953279
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02457
IRS990/PayrollTaxesGrp/ProgramServicesAmt018912
IRS990/PayrollTaxesGrp/TotalAmt021369
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014349
IRS990/PensionPlanContributionsGrp/TotalAmt014349
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011314
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09973
IRS990/PrincipalOfficerNm0ANN PETERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN INTEREST REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3WELLS FARGO INTEREST SHARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0414425
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1202470
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt271587
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt366533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0414425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1202470
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt271587
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt366533
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03279
IRS990/PYOtherExpensesAmt0118740
IRS990/PYProgramServiceRevenueAmt0717728
IRS990/PYRevenuesLessExpensesAmt0212110
IRS990/PYSalariesCompEmpBnftPaidAmt0390157
IRS990/PYTotalExpensesAmt0508897
IRS990/PYTotalRevenueAmt0721007
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0256804
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0755015
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0635619
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0846896
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01485
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01258
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01800
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0755015
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0717728
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0779876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0758308
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0738719
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03749646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01485
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01258
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010946
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99710
IRS990ScheduleA/PublicSupportPY509Pct00.99740
IRS990ScheduleA/PublicSupportTotal509Amt03749646
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0755015
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0717728
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0779876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0758308
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0738719
IRS990ScheduleA/Total509Grp/TotalAmt03749646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0758139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0721007
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0781361
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0759566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0740519
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03760592
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0241571
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0219594
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0461165
IRS990ScheduleD/EquipmentGrp/BookValueAmt016083
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116202
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132285
IRS990ScheduleD/ExpensesSubtotalAmt0512835
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0480
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027726
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028206
IRS990ScheduleD/RevenueSubtotalAmt0769639
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0258134
IRS990ScheduleD/TotalExpensesPerForm990Amt0512835
IRS990ScheduleD/TotalRevenuePerForm990Amt0769639
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0769639
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0512835
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0126194
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt025628
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANN PETERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151822
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION SEEKS TO ASSIST BUSINESSES WITH THE FOLLOWING: ECONOMIC DEVELOPMENT BY ASSISTING IN THE GROWTH AND EXPANSION OF SMALL BUSINESS AND INDUSTRY, PROMOTING THE IMPROVEMENT OF COMMUNITY SERVICES, EXPAND BUSINESS OWNERSHIP OPPORTUNITIES, PROMOTE THE DEVELOPMENT OF GENERAL AND COMMUNITY WELFARE, AND INCREASE THE LOCAL TAX BASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CHAIR REVIEWS ALL CONFLICTS OF INTEREST QUESTIONNAIRES AND REPORTS ANNUALLY TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS ANNUALLY UTILIZING NATIONAL AND REGIONAL DATA AND STUDIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS ANNUALLY UTILIZING NATIONAL AND REGIONAL DATA AND STUDIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW, UPON REQUEST, AT CORPORATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0QUARRY ROCK LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0260064443
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0LENDING
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01 PRAIRIE DRIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0SLAYTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd056172
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02368586

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,115,077
Liabilities
$959,586
Net assets
$1,155,491
Revenue
$769,639
Expenses
$512,835
Net income
$256,804
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.49$0.46$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.21$0.82$1.39$0.79$0.55$0.24
2020Detailed filing. Detailed filing data is available for this year.$2.12$0.96$1.16$0.77$0.51$0.26
2019Detailed filing. Detailed filing data is available for this year.$2.37$1.47$0.90$0.72$0.51$0.21
2018Detailed filing. Detailed filing data is available for this year.$2.33$1.64$0.69$0.78$0.66$0.12
2017Summary only. Only limited summary data is available for this year.$2.41$1.84$0.57$0.76$0.59$0.17
2016Summary only. Only limited summary data is available for this year.$2.39$1.99$0.39$0.74$0.63$0.11
2015Summary only. Only limited summary data is available for this year.$2.45$2.17$0.28$0.78$0.63$0.15
2014Summary only. Only limited summary data is available for this year.$2.49$2.36$0.13$0.83$0.65$0.18
2013Summary only. Only limited summary data is available for this year.$2.47$2.53$0.05$0.80$0.68$0.12
2012Summary only. Only limited summary data is available for this year.$2.59$2.77$0.18$0.80$0.67$0.14
2011Summary only. Only limited summary data is available for this year.$2.66$2.97$0.31$0.66$0.67$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits