Civic Intelligence

Orr Economic Development Council Incorporated

990 • Fiscal year 2020 • EIN 41-1671078

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

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

0.80x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

4.62x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

11th percentile

-21%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$16,373

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

26th percentile

-3.5%

Faster asset growth than 26% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

9.0%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$544,754

Down $19,577 (-3.5%) from 2019

Net Assets

Down

$111,443

Down $20,034 (-15%) from 2019

Liabilities

Up

$433,311

Up $457 (+0.1%) from 2019

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin11th percentile

Revenue

Up

$93,781

Up $7,743 (+9.0%) from 2019

Expenses

Up

$113,815

Up $8,531 (+8.1%) from 2019

Net Income

Down

-$20,034

Down $788 (-4.1%) from 2019

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

2020

Assets$544,754
Liabilities$433,311
Net Assets$111,443
Open 2020 Filing

Operations Trend

Revenue Growth83rd 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

2020

Revenue$93,781
Expenses$113,815
Net Income-$20,034
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$93,781
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$479,022$451,449▼ $27,573
Savings and Temporary Cash Investments$82,327$91,327▲ $9,000
Cash and Non-Interest-Bearing Accounts$2,982$1,978▼ $1,004
Total Assets$564,331$544,754▼ $19,577
Liabilities
Mortgage Notes Payable Secured by Investment Property$427,034$428,639▲ $1,605
Deferred Revenue$4,106$3,507▼ $599
Accounts Payable and Accrued Expenses$1,714$1,165▼ $549
Total Liabilities$432,854$433,311▲ $457
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$131,477$111,443▼ $20,034
Total Net Assets Fund Balance$131,477$111,443▼ $20,034
Total Liabilities and Net Assets / Fund Balance$564,331$544,754▼ $19,577

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$396,678$535,159$931,837
Equipment$10,676$84,760$95,436
Land$44,095-$44,095
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis LeenBuilding managerPT$16,373$16,373

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
$8,083
Program Service Revenue
$85,581
Investment Income
$117
Other Revenue
$0
Change in Net Assets
$-20,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,089
Salaries, Compensation, and Employee Benefits$17,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$30,704$0$0$30,704
Depreciation Depletion$27,572$0$0$27,572
Current Officers, Directors, Trustees, and Key Employees$0$16,373$0$16,373
Interest$0$10,880$0$10,880
Insurance$6,891$0$0$6,891
Other Expenses$0$1,637$0$1,637
Payroll Taxes$0$1,353$0$1,353
Advertising$156$0$0$156
Office Expenses$0$133$0$133
Total Functional Expenses$82,193$31,622$0$113,815
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
2021-11-10
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
5

Preparer

Firm
Sterle & Co Ltd
Address
522 E HOWARD ST STE 207, HIBBING, MN 55746
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/USAddress/AddressLine1Txt04683 Bay Point Drive
IRS990/USAddress/CityNm0Orr
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055771
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dennis Leen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02187800200
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
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/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/ZIPCd055746
ReturnHeader/PreparerPersonGrp/PhoneNum02182625525
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bonnie Sterle
ReturnHeader/ReturnTs02021-11-10T07:35:04-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Dennis
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Leen
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$544,754
Liabilities
$433,311
Net assets
$111,443
Revenue
$93,781
Expenses
$113,815
Net income
-$20,034
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