Civic Intelligence

Orr Economic Development Council Incorporated

990 • Fiscal year 2019 • EIN 41-1671078

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

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

95th percentile

0.77x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

5.03x

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

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

5th percentile

-22%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

45th percentile

$15,843

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

26th percentile

-3.4%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

26th percentile

-4.4%

Faster revenue growth than 26% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$564,331

Down $19,630 (-3.4%) from 2018

Net Assets

Down

$131,477

Down $19,246 (-13%) from 2018

Liabilities

Down

$432,854

Down $384 (-0.1%) from 2018

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin5th percentile

Revenue

Down

$86,038

Down $3,944 (-4.4%) from 2018

Expenses

Down

$105,284

Down $18,624 (-15%) from 2018

Net Income

Up

-$19,246

Up $14,680 (+43%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2019

Assets$564,331
Liabilities$432,854
Net Assets$131,477
Open 2019 Filing

Operations Trend

Revenue Growth26th 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

2019

Revenue$86,038
Expenses$105,284
Net Income-$19,246
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$86,038
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$507,040$479,022▼ $28,018
Savings and Temporary Cash Investments$74,202$82,327▲ $8,125
Cash and Non-Interest-Bearing Accounts$2,719$2,982▲ $263
Total Assets$583,961$564,331▼ $19,630
Liabilities
Mortgage Notes Payable Secured by Investment Property$427,368$427,034▼ $334
Deferred Revenue$4,106$4,106→ $0
Accounts Payable and Accrued Expenses$1,764$1,714▼ $50
Total Liabilities$433,238$432,854▼ $384
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$150,723$131,477▼ $19,246
Total Net Assets Fund Balance$150,723$131,477▼ $19,246
Total Liabilities and Net Assets / Fund Balance$583,961$564,331▼ $19,630

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$420,249$511,588$931,837
Equipment$14,678$80,758$95,436
Land$44,095-$44,095
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis LeenBuilding managerPT$15,843$15,843

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
$2,732
Program Service Revenue
$83,013
Investment Income
$293
Other Revenue
$0
Change in Net Assets
$-19,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$87,807
Salaries, Compensation, and Employee Benefits$17,477
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$30,472$0$0$30,472
Depreciation Depletion$28,018$0$0$28,018
Current Officers, Directors, Trustees, and Key Employees$0$15,843$0$15,843
Insurance$6,457$0$0$6,457
All Other Expenses$0$3,000$0$3,000
Other Expenses$0$1,635$0$1,635
Payroll Taxes$0$1,634$0$1,634
Interest$0$282$0$282
Office Expenses$0$238$0$238
Advertising$177$0$0$177
Total Functional Expenses$80,900$24,384$0$105,284
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
2020-11-13
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 Sterle
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”

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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/TotLiabNetAssetsFundBalanceGrp/EOYAmt0564331
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04683 Bay Point Drive
IRS990/USAddress/CityNm0Orr
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IRS990/USAddress/ZIPCd055771
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dennis Leen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02187800200
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
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
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.19.218.81
ReturnHeader/FilingSecurityInformation/IPDt02020-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm006:47:16
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/PreparationDt02020-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bonnie Sterle
ReturnHeader/ReturnTs02020-11-13T06:48:07-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$564,331
Liabilities
$432,854
Net assets
$131,477
Revenue
$86,038
Expenses
$105,284
Net income
-$19,246
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