Civic Intelligence

Orr Economic Development Council Incorporated

990 • Fiscal year 2016 • EIN 41-1671078

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 15, 2017

Organization ProfileN/A
4580 Lake StreetOrr, MN 55771

(218) 780-0200

Siviq Scores

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

Liabilities / Assets

96th percentile

0.96x

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

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

7.13x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

6th percentile

-22%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

40th percentile

$16,545

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

29th percentile

-3.0%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-0.5%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$634,699

Down $19,943 (-3.0%) from 2015

Net Assets

Down

$24,977

Down $18,515 (-43%) from 2015

Liabilities

Down

$609,722

Down $1,428 (-0.2%) from 2015

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin6th percentile

Revenue

Down

$85,566

Down $434 (-0.5%) from 2015

Expenses

Up

$104,081

Up $7,563 (+7.8%) from 2015

Net Income

Down

-$18,515

Down $7,997 (-76%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$800K$600K$400K$200K$0Assets 2011: $717,371Liabilities 2011: $618,638Net Assets 2011: $98,7332011Assets 2012: $690,533Liabilities 2012: $619,122Net Assets 2012: $71,4112012Assets 2013: $685,845Liabilities 2013: $612,628Net Assets 2013: $73,2172013Assets 2014: $664,947Liabilities 2014: $610,937Net Assets 2014: $54,0102014Assets 2015: $654,642Liabilities 2015: $611,150Net Assets 2015: $43,4922015Assets 2016: $634,699Liabilities 2016: $609,722Net Assets 2016: $24,9772016Assets 2017: $623,376Liabilities 2017: $438,727Net Assets 2017: $184,6492017Assets 2018: $583,961Liabilities 2018: $433,238Net Assets 2018: $150,7232018Assets 2019: $564,331Liabilities 2019: $432,854Net Assets 2019: $131,4772019Assets 2020: $544,754Liabilities 2020: $433,311Net Assets 2020: $111,4432020Assets 2021: $523,580Liabilities 2021: $428,355Net Assets 2021: $95,2252021Assets 2022: $490,288Liabilities 2022: $424,300Net Assets 2022: $65,9882022Assets 2023: $448,378Liabilities 2023: $416,824Net Assets 2023: $31,5542023Assets 2024: $428,306Liabilities 2024: $412,278Net Assets 2024: $16,0282024

Highlighted filing

2016

Assets$634,699
Liabilities$609,722
Net Assets$24,977
Open 2016 Filing

Operations Trend

Revenue Growth38th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $80,603Expenses 2011: $89,146Net Income 2011: -$8,5432011Revenue 2012: $74,255Expenses 2012: $101,577Net Income 2012: -$27,3222012Revenue 2013: $95,098Expenses 2013: $93,292Net Income 2013: $1,8062013Revenue 2014: $69,201Expenses 2014: $88,408Net Income 2014: -$19,2072014Revenue 2015: $86,000Expenses 2015: $96,518Net Income 2015: -$10,5182015Revenue 2016: $85,566Expenses 2016: $104,081Net Income 2016: -$18,5152016Revenue 2017: $261,722Expenses 2017: $102,050Net Income 2017: $159,6722017Revenue 2018: $89,982Expenses 2018: $123,908Net Income 2018: -$33,9262018Revenue 2019: $86,038Expenses 2019: $105,284Net Income 2019: -$19,2462019Revenue 2020: $93,781Expenses 2020: $113,815Net Income 2020: -$20,0342020Revenue 2021: $90,891Expenses 2021: $107,109Net Income 2021: -$16,2182021Revenue 2022: $86,922Expenses 2022: $116,159Net Income 2022: -$29,2372022Revenue 2023: $86,259Expenses 2023: $120,693Net Income 2023: -$34,4342023Revenue 2024: $86,165Expenses 2024: $101,691Net Income 2024: -$15,5262024

Highlighted filing

2016

Revenue$85,566
Expenses$104,081
Net Income-$18,515
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 15, 2017
Return Version
2016v3.0
Gross Receipts
$85,566
Mission and Program Overview

Mission

See below

See below Civic betterment and development of the City of Orr and for benevolent purposes of providing affordable housing to the low-income residents of the City of Orr

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$577,452$563,076▼ $14,376
Savings and Temporary Cash Investments$69,223$71,623▲ $2,400
Cash and Non-Interest-Bearing Accounts$7,967--
Total Assets$654,642$634,699▼ $19,943
Liabilities
Mortgage Notes Payable Secured by Investment Property$601,971$601,062▼ $909
Deferred Revenue$8,034$7,814▼ $220
Accounts Payable and Accrued Expenses$1,145$846▼ $299
Total Liabilities$611,150$609,722▼ $1,428
Net Assets / Fund Balance
Unrestricted Net Assets$43,492$24,977▼ $18,515
Total Net Assets Fund Balance$43,492$24,977▼ $18,515
Total Liabilities and Net Assets / Fund Balance$654,642$634,699▼ $19,943

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$494,558$437,279$931,837
Equipment$24,423$71,013$95,436
Land$44,095-$44,095
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis LeenBuilding managerFT$16,545$16,545

Board Members and Trustees

NameTitle
Mark MankusPresident
Heather FealyBoard Member
Paulett ScottBoard Member
Denise HolmanSec/Treas
Tom KennebeckVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$6,825
Program Service Revenue
$78,553
Investment Income
$188
Other Revenue
$0
Change in Net Assets
$-18,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,542
Salaries, Compensation, and Employee Benefits$18,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$28,019$0$0$28,019
Occupancy$27,206$0$0$27,206
Current Officers, Directors, Trustees, and Key Employees$0$16,545$0$16,545
Insurance$5,847$0$0$5,847
Payroll Taxes$0$1,994$0$1,994
Other Expenses$0$1,453$0$1,453
Office Expenses$0$184$0$184
Advertising$0$137$0$137
Interest$0$111$0$111
Fees for Services Legal$0$103$0$103
Total Functional Expenses$81,766$22,315$0$104,081
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Orr Economic Development Council Inc
EIN
41-1671078
Phone
2187800200
Address
4580 Lake Street, Orr, MN 55771

Signing Officer

Name
Dennis Leen
Title
Executive Director
Phone
2187800200
Signed
2017-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Mankus
Formed
1997
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
0

Preparer

Firm
Sterle & Co Ltd
Address
522 E HOWARD ST STE 207, HIBBING, MN 55746-1714
Preparer
Bonnie Kolden
Phone
2182625525
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A copy is brought to the board meeting, reviewed and signed”

Pt VI, Line 8A

“Minutes are kept for each meeting and approved at subsequent meetings”

Pt VI, Line 8B

“No subcomittees are used”

Form 990EZ, Part II, Line 26

“Security deposits - tenants”

Form 990EZ, Part II, Line 26

“Employee withholdings”

Form 990EZ, Part II, Line 26

“Mortgages and other notes payable”

Form 990, Part IX, Line 24E

“Miscellaneous”

Raw XML Appendix346 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/TotalProgramServiceRevenueAmt078553
IRS990/TotalReportableCompFromOrgAmt016545
IRS990/TotalRevenueGrp/ExclusionAmt0188
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt078553
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt085566
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0654642
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0634699
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt043492
IRS990/UnrestrictedNetAssetsGrp/EOYAmt024977
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04683 Bay Point Drive
IRS990/USAddress/CityNm0Orr
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055771
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DENNIS LEEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02187800200
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Orr Economic Development Council Inc
ReturnHeader/Filer/BusinessNameControlTxt0ORRE
ReturnHeader/Filer/EIN0411671078
ReturnHeader/Filer/PhoneNum02187800200
ReturnHeader/Filer/USAddress/AddressLine1Txt04580 Lake Street
ReturnHeader/Filer/USAddress/CityNm0Orr
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055771
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D283AA452F0000C5A33264BB77070D2C8CFE5D7C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AE264F30019F4750580683BE5AB42C38102B8F54
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.19.216.84
ReturnHeader/FilingSecurityInformation/IPDt02017-10-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm014:35:52
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STERLE & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0522 E HOWARD ST STE 207
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HIBBING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0557461714
ReturnHeader/PreparerPersonGrp/PhoneNum02182625525
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BONNIE KOLDEN
ReturnHeader/ReturnTs02017-10-15T14:37:24-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$634,699
Liabilities
$609,722
Net assets
$24,977
Revenue
$85,566
Expenses
$104,081
Net income
-$18,515
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.28$4.12$0.16$0.86$1.02$0.16
2023Detailed filing. Detailed filing data is available for this year.$4.48$4.17$0.32$0.86$1.21$0.34
2022Detailed filing. Detailed filing data is available for this year.$4.90$4.24$0.66$0.87$1.16$0.29
2021Detailed filing. Detailed filing data is available for this year.$5.24$4.28$0.95$0.91$1.07$0.16
2020Detailed filing. Detailed filing data is available for this year.$5.45$4.33$1.11$0.94$1.14$0.20
2019Detailed filing. Detailed filing data is available for this year.$5.64$4.33$1.31$0.86$1.05$0.19
2018Detailed filing. Detailed filing data is available for this year.$5.84$4.33$1.51$0.90$1.24$0.34
2017Detailed filing. Detailed filing data is available for this year.$6.23$4.39$1.85$2.62$1.02$1.60
2016Detailed filing. Detailed filing data is available for this year.$6.35$6.10$0.25$0.86$1.04$0.19
2015Summary only. Only limited summary data is available for this year.$6.55$6.11$0.43$0.86$0.97$0.11
2014Summary only. Only limited summary data is available for this year.$6.65$6.11$0.54$0.69$0.88$0.19
2013Summary only. Only limited summary data is available for this year.$6.86$6.13$0.73$0.95$0.93$0.02
2012Summary only. Only limited summary data is available for this year.$6.91$6.19$0.71$0.74$1.02$0.27
2011Summary only. Only limited summary data is available for this year.$7.17$6.19$0.99$0.81$0.89$0.09