Civic Intelligence

Lincoln County Enterprise Development Corporation

EIN 41-1676839 • 501(c)4 • Ivanhoe, MN

Profile

Economic development within lincoln county, minnesota.

402 N Harold StreetIvanhoe, MN 56142

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

4.9%

Higher net margin than 56% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$44,593

Up $4,315 (+11%) from 2023

Liabilities

Flat

$1,977

Flat from 2023

Net Assets

Up

$42,616

Up $4,315 (+11%) from 2023

Operations
Liabilities / Revenue70th percentileNet Margin56th percentile

Revenue

Up

$88,780

Up $12,730 (+17%) from 2023

Expenses

Up

$84,464

Up $11,523 (+16%) from 2023

Net Income

Up

$4,316

Up $1,207 (+39%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2011: $60,299Liabilities 2011: $15,6682011Assets 2012: $58,014Liabilities 2012: $15,7002012Assets 2013: $34,356Liabilities 2013: $11,9802013Assets 2014: $29,460Liabilities 2014: $7,9302014Assets 2015: $31,388Liabilities 2015: $12,5142015Assets 2016: $20,594Liabilities 2016: $7,5152016Assets 2017: $12,573Liabilities 2017: $1,9772017Assets 2018: $13,191Liabilities 2018: $1,9772018Assets 2019: $22,144Liabilities 2019: $1,9772019Assets 2020: $26,186Liabilities 2020: $1,9772020Assets 2021: $38,596Liabilities 2021: $1,977Net Assets 2021: $36,6192021Assets 2022: $37,169Liabilities 2022: $1,977Net Assets 2022: $35,1922022Assets 2023: $40,278Liabilities 2023: $1,977Net Assets 2023: $38,3012023Assets 2024: $44,593Liabilities 2024: $1,977Net Assets 2024: $42,6162024

Highlighted filing

2024

Assets$44,593
Liabilities$1,977
Net Assets$42,616
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $83,527Expenses 2011: $60,320Net Income 2011: $23,2072011Revenue 2012: $69,484Expenses 2012: $71,801Net Income 2012: -$2,3172012Revenue 2013: $62,026Expenses 2013: $81,964Net Income 2013: -$19,9382013Revenue 2014: $56,987Expenses 2014: $57,833Net Income 2014: -$8462014Revenue 2015: $57,226Expenses 2015: $59,882Net Income 2015: -$2,6562015Revenue 2016: $77,622Expenses 2016: $83,417Net Income 2016: -$5,7952016Revenue 2017: $57,600Expenses 2017: $60,083Net Income 2017: -$2,4832017Revenue 2018: $70,200Expenses 2018: $69,582Net Income 2018: $6182018Revenue 2019: $77,550Expenses 2019: $68,597Net Income 2019: $8,9532019Revenue 2020: $74,250Expenses 2020: $70,208Net Income 2020: $4,0422020Revenue 2021: $81,800Expenses 2021: $69,390Net Income 2021: $12,4102021Revenue 2022: $79,963Expenses 2022: $81,390Net Income 2022: -$1,4272022Revenue 2023: $76,050Expenses 2023: $72,941Net Income 2023: $3,1092023Revenue 2024: $88,780Expenses 2024: $84,464Net Income 2024: $4,3162024

Highlighted filing

2024

Revenue$88,780
Expenses$84,464
Net Income$4,316
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,593
Liabilities
$1,977
Net assets
$42,616
Revenue
$88,780
Expenses
$84,464
Net income
$4,316
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$44.6$1.98$42.6$88.8$84.5$4.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.3$1.98$38.3$76.1$72.9$3.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.2$1.98$35.2$80.0$81.4$1.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.6$1.98$36.6$81.8$69.4$12.4
2020Summary only. Only limited summary data is available for this year.$26.2$1.98$74.3$70.2$4.04
2019Summary only. Only limited summary data is available for this year.$22.1$1.98$77.6$68.6$8.95
2018Summary only. Only limited summary data is available for this year.$13.2$1.98$70.2$69.6$0.62
2017Summary only. Only limited summary data is available for this year.$12.6$1.98$57.6$60.1$2.48
2016Summary only. Only limited summary data is available for this year.$20.6$7.52$77.6$83.4$5.80
2015Summary only. Only limited summary data is available for this year.$31.4$12.5$57.2$59.9$2.66
2014Summary only. Only limited summary data is available for this year.$29.5$7.93$57.0$57.8$0.85
2013Summary only. Only limited summary data is available for this year.$34.4$12.0$62.0$82.0$19.9
2012Summary only. Only limited summary data is available for this year.$58.0$15.7$69.5$71.8$2.32
2011Summary only. Only limited summary data is available for this year.$60.3$15.7$83.5$60.3$23.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 25, 2025
Return Version
2024v5.0
Gross Receipts
$88,780
Mission and Program Overview

Mission

Economic development within lincoln county, minnesota

Economic development within lincoln county, minnesota.

Program Services

DescriptionGrantsExpenses
ECONOMIC DEVELOPMENT WITHIN LINCOLN COUNTY, MINNESOTA-$80,028
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN ENGELSChair-$0--
JEFF GOLLAHERVice-Chair-$0--
JEANNE BEDNAREKSecretary/Tr-$0--
KAREN LICHTSINNBoard Member-$0--
DAVID BLEESBoard Member-$0--
TERRY EASTBoard Member-$0--
CRICKET RASCHKEBoard Member-$0--
DEAN NIELSONBoard Member-$0--
MATT SCHREURSBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Lincoln County Enterprise
EIN
41-1676839
Phone
5076941306
Address
402 N HAROLD STREET, IVANHOE, MN 56142

Signing Officer

Name
Vince Robinson
Title
Dsi Services Inc.
Phone
5076941306
Signed
2025-09-25
Discuss with paid preparer
Yes

Preparer

Firm
Shaw & Associates Pllc
Address
501 SOUTH HIGHWAY 23 SUITE C, MARSHALL, MN 56258
Preparer
Greg Shaw
Phone
5075915000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office expenses 212 website 263 board travel 580 travel 3,021 meeting expense 816 telephone 640 dues and subscriptions 725 total 6,257”

Form 990-ez, Part II, Line 26

“Deferred revenue 1,977 1,977”

Raw XML Appendix130 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DSI SERVICES INC
IRS990EZ/BooksInCareOfDetail/PhoneNum05076941306
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0402 N HAROLD ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0IVANHOE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056142
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt040277
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt044593
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt081800
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04316
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt075749
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt040277
IRS990EZ/Form990TotalAssetsGrp/EOYAmt044593
IRS990EZ/GrossReceiptsAmt088780
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt038300
IRS990EZ/NetAssetsOrFundBalancesEOYAmt042616
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt038300
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt042616
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt7000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt8000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN ENGELS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JEFF GOLLAHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JEANNE BEDNAREK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KAREN LICHTSINN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DAVID BLEES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5TERRY EAST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6CRICKET RASCHKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DEAN NIELSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8MATT SCHREURS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt06257
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEVELOPMENT WITHIN LINCOLN COUNTY, MINNESOTA.
IRS990EZ/PrintingPublicationsPostageAmt02458
IRS990EZ/ProgramServiceRevenueAmt06980
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ECONOMIC DEVELOPMENT WITHIN LINCOLN COUNTY, MINNESOTA
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt080028
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01977
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01977
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt084464
IRS990EZ/TotalProgramServiceExpensesAmt080028
IRS990EZ/TotalRevenueAmt088780
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSES 212 WEBSITE 263 BOARD TRAVEL 580 TRAVEL 3,021 MEETING EXPENSE 816 TELEPHONE 640 DUES AND SUBSCRIPTIONS 725 TOTAL 6,257
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DEFERRED REVENUE 1,977 1,977
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VINCE ROBINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DSI SERVICES INC.
ReturnHeader/BusinessOfficerGrp/PhoneNum05076941306
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLN COUNTY ENTERPRISE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0411676839
ReturnHeader/Filer/PhoneNum05076941306
ReturnHeader/Filer/USAddress/AddressLine1Txt0402 N HAROLD STREET
ReturnHeader/Filer/USAddress/CityNm0IVANHOE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056142
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0923840216
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHAW & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 SOUTH HIGHWAY 23 SUITE C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARSHALL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056258
ReturnHeader/PreparerPersonGrp/PhoneNum05075915000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG SHAW
ReturnHeader/ReturnTs02025-09-29T13:12:39-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • <$500k nonprofits