Civic Intelligence

Prairieland Economic Development Corporation

990 • Fiscal year 2021 • EIN 41-1493486

Oct 01, 2020 to Sep 30, 2021 • Filed on Jan 10, 2022

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

78th percentile

0.37x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

1.03x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

74th percentile

30%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

85th percentile

$155,674

Higher top officer pay than 85% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

39th percentile

4.5%

Faster asset growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

2.5%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$2,209,843

Up $94,766 (+4.5%) from 2020

Net Assets

Up

$1,393,413

Up $237,922 (+21%) from 2020

Liabilities

Down

$816,430

Down $143,156 (-15%) from 2020

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin74th percentile

Revenue

Up

$789,064

Up $19,425 (+2.5%) from 2020

Expenses

Up

$551,142

Up $38,307 (+7.5%) from 2020

Net Income

Down

$237,922

Down $18,882 (-7.4%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2021

Assets$2,209,843
Liabilities$816,430
Net Assets$1,393,413
Open 2021 Filing

Operations Trend

Revenue Growth37th 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

2021

Revenue$789,064
Expenses$551,142
Net Income$237,922
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jan 10, 2022
Return Version
2020v4.0
Gross Receipts
$789,064
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
Savings and Temporary Cash Investments$846,896$1,009,657▲ $162,761
Other Notes and Loans Receivable, Net$953,279$894,579▼ $58,700
Land, Buildings, and Equipment, Net$258,134$244,972▼ $13,162
Accounts Receivable$42,301$46,024▲ $3,723
Prepaid Expenses and Deferred Charges$9,973$10,774▲ $801
Total Assets$2,115,077$2,209,843▲ $94,766
Other Assets Total$4,494$3,837▼ $657
Liabilities
Mortgage Notes Payable Secured by Investment Property$848,806$741,546▼ $107,260
Accounts Payable and Accrued Expenses$110,780$74,884▼ $35,896
Total Liabilities$959,586$816,430▼ $143,156
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,113,038$1,350,881▲ $237,843
Net Assets With Donor Restrictions$42,453$42,532▲ $79
Total Net Assets Fund Balance$1,155,491$1,393,413▲ $237,922
Total Liabilities and Net Assets / Fund Balance$2,115,077$2,209,843▲ $94,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$230,080$231,085$461,165
Equipment$14,796$94,927$109,723
Other Land Buildings$96$28,110$28,206
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann PetersonPresident/ceFT$128,262$27,412$155,674
Ann PetersonPresident/CEO-$128,262$27,412$155,674
Renae ShieldsSecretary/tr-$1,275-$1,275
Sherri SchuellerImmediate Pa-$1,075-$1,075
Jill MocklerDirector-$955-$955
Matthew DorothyDirector-$840-$840

Board Members and Trustees

NameTitle
Pete NeigebauerChair
Chadwick SyltieFirst Chair
Brigid TuckDirector
Claire GerberDirector
Dion WarneDirector
Tim UlrichDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$772,855
Investment Income
$16,209
Other Revenue
$0
Change in Net Assets
$237,922

Audited Revenue Reconciliation

Revenue per Audited Statements
$789,064
Total Revenue per Audited Statements
$789,064
Total Revenue per Form 990
$789,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$422,706
Other Expenses$128,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$190,129--$190,129
Current Officers, Directors, Trustees, and Key Employees$120,177$49,249-$169,426
Other Employee Benefits$24,592--$24,592
Payroll Taxes$22,021$2,528-$24,549
Fees for Services Legal$17,775$4,107-$21,882
Occupancy$14,021$4,674-$18,695
Depreciation Depletion$13,183$4,394-$17,577
Pension Plan Contributions$14,010--$14,010
Insurance$10,384$3,461-$13,845
Office Expenses$9,284$3,095-$12,379
Fees for Services Accounting-$8,795-$8,795
Interest$8,212--$8,212
Information Technology$6,834--$6,834
Advertising$3,685--$3,685
Fees for Services Management-$3,023-$3,023
Conferences and Meetings$2,174--$2,174
Travel$1,058--$1,058
Other Expenses$4,690$721-$721
All Other Expenses$-12,951--$-12,951
Total Functional Expenses$464,753$86,389$0$551,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$551,142
Total Expenses per Audited Statements$551,142
Total Expenses per Form 990$551,142
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
Pete Neigebauer
Title
Chair
Phone
5078366656
Signed
2022-01-10
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 478 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/BOYAmt0110780
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt074884
IRS990/AccountsReceivableGrp/BOYAmt042301
IRS990/AccountsReceivableGrp/EOYAmt046024
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/ProgramServicesAmt03685
IRS990/AdvertisingGrp/TotalAmt03685
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-12951
IRS990/AllOtherExpensesGrp/TotalAmt0-12951
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/ManagementAndGeneralAmt049249
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0120177
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0169426
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02174
IRS990/ConferencesMeetingsGrp/TotalAmt02174
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt016209
IRS990/CYOtherExpensesAmt0128436
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0772855
IRS990/CYRevenuesLessExpensesAmt0237922
IRS990/CYSalariesCompEmpBnftPaidAmt0422706
IRS990/CYTotalExpensesAmt0551142
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0789064
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt04394
IRS990/DepreciationDepletionGrp/ProgramServicesAmt013183
IRS990/DepreciationDepletionGrp/TotalAmt017577
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 AND FUNDED 18 LOANS FOR 10.3 MILLION WITH PROJECTED JOBS OF 85 CREATED AND 19 RETAINED.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt042453
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt042532
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0464753
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08795
IRS990/FeesForServicesAccountingGrp/TotalAmt08795
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt04107
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt017775
IRS990/FeesForServicesLegalGrp/TotalAmt021882
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt03023
IRS990/FeesForServicesManagementGrp/TotalAmt03023
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
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/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
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/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt027412
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0ANN PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1RENAE SHIELDS
IRS990/Form990PartVIISectionAGrp/PersonNm2SHERRI SCHUELLER
IRS990/Form990PartVIISectionAGrp/PersonNm3JILL MOCKLER
IRS990/Form990PartVIISectionAGrp/PersonNm4MATTHEW DOROTHY
IRS990/Form990PartVIISectionAGrp/PersonNm5CLAIRE GERBER
IRS990/Form990PartVIISectionAGrp/PersonNm6PETE NEIGEBAUER
IRS990/Form990PartVIISectionAGrp/PersonNm7CHADWICK SYLTIE
IRS990/Form990PartVIISectionAGrp/PersonNm8BRIGID TUCK
IRS990/Form990PartVIISectionAGrp/PersonNm9TIM ULRICH
IRS990/Form990PartVIISectionAGrp/PersonNm10DION WARNE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0128262
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11275
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21075
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3955
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4840
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt2IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7FIRST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt015270
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt015270
IRS990/GrossReceiptsAmt0789064
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt06834
IRS990/InformationTechnologyGrp/TotalAmt06834
IRS990/InsuranceGrp/ManagementAndGeneralAmt03461
IRS990/InsuranceGrp/ProgramServicesAmt010384
IRS990/InsuranceGrp/TotalAmt013845
IRS990/InterestGrp/ProgramServicesAmt08212
IRS990/InterestGrp/TotalAmt08212
IRS990/InvestmentIncomeGrp/ExclusionAmt0939
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0939
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0354122
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0258134
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0244972
IRS990/LandBldgEquipCostOrOtherBssAmt0599094
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/BOYAmt0848806
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0741546
IRS990/NetAssetsOrFundBalancesBOYAmt01155491
IRS990/NetAssetsOrFundBalancesEOYAmt01393413
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt015270
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015270
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01113038
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01350881
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04674
IRS990/OccupancyGrp/ProgramServicesAmt014021
IRS990/OccupancyGrp/TotalAmt018695
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03095
IRS990/OfficeExpensesGrp/ProgramServicesAmt09284
IRS990/OfficeExpensesGrp/TotalAmt012379
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04494
IRS990/OtherAssetsTotalGrp/EOYAmt03837
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024592
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024592
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc1FILING FEES
IRS990/OtherExpensesGrp/Desc2BOARD EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02342
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1721
IRS990/OtherExpensesGrp/ProgramServicesAmt015475
IRS990/OtherExpensesGrp/ProgramServicesAmt14690
IRS990/OtherExpensesGrp/TotalAmt015475
IRS990/OtherExpensesGrp/TotalAmt14690
IRS990/OtherExpensesGrp/TotalAmt22342
IRS990/OtherExpensesGrp/TotalAmt3721
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0190129
IRS990/OtherSalariesAndWagesGrp/TotalAmt0190129
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0953279
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0894579
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02528
IRS990/PayrollTaxesGrp/ProgramServicesAmt022021
IRS990/PayrollTaxesGrp/TotalAmt024549
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014010
IRS990/PensionPlanContributionsGrp/TotalAmt014010
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09973
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010774
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/RelatedOrExemptFuncIncomeAmt0417769
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1291189
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt251686
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312211
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0417769
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1291189
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt251686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312211
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt014624
IRS990/PYOtherExpensesAmt0109187
IRS990/PYProgramServiceRevenueAmt0755015
IRS990/PYRevenuesLessExpensesAmt0256804
IRS990/PYSalariesCompEmpBnftPaidAmt0403648
IRS990/PYTotalExpensesAmt0512835
IRS990/PYTotalRevenueAmt0769639
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0237922
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0772856
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0846896
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01009657
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0939
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01485
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01258
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0772855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0755015
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0717728
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0779876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0758308
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03783782
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0939
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01485
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01258
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010085
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99730
IRS990ScheduleA/PublicSupportPY509Pct00.99710
IRS990ScheduleA/PublicSupportTotal509Amt03783782
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0772855
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0755015
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0717728
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0779876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0758308
IRS990ScheduleA/Total509Grp/TotalAmt03783782
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0773794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0758139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0721007
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0781361
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0759566
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03793867
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0230080
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0231085
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0461165
IRS990ScheduleD/EquipmentGrp/BookValueAmt014796
IRS990ScheduleD/EquipmentGrp/DepreciationAmt094927
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0109723
IRS990ScheduleD/ExpensesSubtotalAmt0551142
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt096
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028110
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028206
IRS990ScheduleD/RevenueSubtotalAmt0789064
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0244972
IRS990ScheduleD/TotalExpensesPerForm990Amt0551142
IRS990ScheduleD/TotalRevenuePerForm990Amt0789064
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0789064
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0551142
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0128262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt027412
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANN PETERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0155674
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,209,843
Liabilities
$816,430
Net assets
$1,393,413
Revenue
$789,064
Expenses
$551,142
Net income
$237,922
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. 2021 filings • 501(c)3 • $1M-$5M nonprofits