Civic Intelligence

Southeastern Minnesota 504 Development Inc

990 • Fiscal year 2019 • EIN 41-1678990

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 08, 2020

Organization ProfileWWW.504CORPORATION.COM
1926 College View Road SERochester, MN 55904

(507) 288-6442

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.06x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.13x

Higher debt load relative to revenue than 44% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

64th percentile

7.8%

Higher net margin than 64% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

40th percentile

$113,893

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 22.8% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

9.2%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

9.4%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$1,027,579

Up $86,898 (+9.2%) from 2018

Net Assets

Up

$961,263

Up $38,988 (+4.2%) from 2018

Liabilities

Up

$66,316

Up $47,910 (+260%) from 2018

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin64th percentile

Revenue

Up

$498,926

Up $42,823 (+9.4%) from 2018

Expenses

Up

$459,938

Up $936 (+0.2%) from 2018

Net Income

Up

$38,988

Up $41,887 (+1445%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,163,317Liabilities 2010: $86,331Net Assets 2010: $1,076,9862010Assets 2011: $1,077,433Liabilities 2011: $37,394Net Assets 2011: $1,040,0392011Assets 2012: $1,078,197Liabilities 2012: $33,894Net Assets 2012: $1,044,3032012Assets 2013: $990,158Liabilities 2013: $5,841Net Assets 2013: $984,3172013Assets 2014: $962,253Liabilities 2014: $31,251Net Assets 2014: $931,0022014Assets 2015: $953,457Liabilities 2015: $28,242Net Assets 2015: $925,2152015Assets 2016: $924,023Liabilities 2016: $11,092Net Assets 2016: $912,9312016Assets 2017: $988,583Liabilities 2017: $63,410Net Assets 2017: $925,1732017Assets 2018: $940,681Liabilities 2018: $18,406Net Assets 2018: $922,2752018Assets 2019: $1,027,579Liabilities 2019: $66,316Net Assets 2019: $961,2632019Assets 2020: $1,141,843Liabilities 2020: $118,349Net Assets 2020: $1,023,4942020Assets 2021: $1,356,172Liabilities 2021: $150,541Net Assets 2021: $1,205,6312021Assets 2022: $1,378,886Liabilities 2022: $61,872Net Assets 2022: $1,317,0142022Assets 2023: $1,451,435Liabilities 2023: $36,783Net Assets 2023: $1,414,6522023Assets 2024: $1,958,238Liabilities 2024: $29,011Net Assets 2024: $1,929,2272024

Highlighted filing

2019

Assets$1,027,579
Liabilities$66,316
Net Assets$961,263
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $408,4632010Expenses 2011: $378,4032011Expenses 2012: $471,2512012Revenue 2013: $353,481Expenses 2013: $413,467Net Income 2013: -$59,9862013Revenue 2014: $373,171Expenses 2014: $426,486Net Income 2014: -$53,3152014Revenue 2015: $416,288Expenses 2015: $422,075Net Income 2015: -$5,7872015Revenue 2016: $378,608Expenses 2016: $390,892Net Income 2016: -$12,2842016Revenue 2017: $486,018Expenses 2017: $473,776Net Income 2017: $12,2422017Revenue 2018: $456,103Expenses 2018: $459,002Net Income 2018: -$2,8992018Revenue 2019: $498,926Expenses 2019: $459,938Net Income 2019: $38,9882019Revenue 2020: $625,589Expenses 2020: $563,358Net Income 2020: $62,2312020Revenue 2021: $776,358Expenses 2021: $594,221Net Income 2021: $182,1372021Revenue 2022: $649,867Expenses 2022: $538,484Net Income 2022: $111,3832022Revenue 2023: $615,052Expenses 2023: $517,414Net Income 2023: $97,6382023Revenue 2024: $1,092,839Expenses 2024: $578,264Net Income 2024: $514,5752024

Highlighted filing

2019

Revenue$498,926
Expenses$459,938
Net Income$38,988
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 8, 2020
Return Version
2019v5.1
Gross Receipts
$498,926
Mission and Program Overview

Mission

Assist small businesses to secure government financing for the purchase of land, buildings, and equipment which will create and/or retain jobs in minnesota and in la crosse county, wisconsin.

Assist small businesses to secure government financing for the purchase of land, buildings, and equipment which will create and/or retain jobs in minnesota and in wisconsin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$762,443$762,233▼ $210
Other Notes and Loans Receivable, Net$119,384$143,568▲ $24,184
Pledges and Grants Receivable$51,922$108,497▲ $56,575
Prepaid Expenses and Deferred Charges$1,274$5,098▲ $3,824
Accounts Receivable$4,560$4,936▲ $376
Land, Buildings, and Equipment, Net$1,098$3,247▲ $2,149
Total Assets$940,681$1,027,579▲ $86,898
Liabilities
Accounts Payable and Accrued Expenses$18,406$66,316▲ $47,910
Total Liabilities$18,406$66,316▲ $47,910
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$922,275$961,263▲ $38,988
Total Net Assets Fund Balance$922,275$961,263▲ $38,988
Total Liabilities and Net Assets / Fund Balance$940,681$1,027,579▲ $86,898

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,247$19,658$22,905
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dwayne LeeV.p., Director of BusinessFT$105,617$8,276$113,893

Board Members and Trustees

NameTitle
Tim ClawsonPresident
Daniel VlasakVice President
Chad AndersonDirector
David MaroneyDirector
Desiree StromDirector
Diane LewisDirector
Gary TimmDirector
Joseph LangelDirector
Luann VanderwerfDirector
Mark MonsonDirector
Ron ZeiglerDirector
Stephen KasperDirector
Wendell SandeDirector
Richard WegnerSecretary
Aaron CastertonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$438,000
Investment Income
$60,926
Other Revenue
$0
Change in Net Assets
$38,988

Audited Revenue Reconciliation

Revenue per Audited Statements
$498,926
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$498,926
Total Revenue per Form 990
$498,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$457,438
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$36,000
Fees for Services Accounting---$11,780
Travel---$10,514
Fees for Services Legal---$9,342
Conferences and Meetings---$8,513
Advertising---$7,402
Office Expenses---$7,346
Insurance---$6,766
Grants to Domestic Orgs---$2,500
Other Expenses---$2,327
All Other Expenses---$1,168
Depreciation Depletion---$610
Total Functional Expenses$0$0$0$459,938

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$459,938
Total Expenses per Audited Statements$459,938
Total Expenses per Form 990$459,938
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“504 corporation contracts with all staff for day-to-day management but retains responsibility for services provided and how work is to be completed, and approves the customers to be served and how they are served.”

Form 990, Part VI, Section A, Line 4

“Articles and bylaws were changed to meet sba's current regulations and to add five additional counties in wisconsin. Changes - board's requirement to be responsible for all management decisions.”

Form 990, Part VI, Section B, Line 11B

“The board and the president review the form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Conlict of interest disclosures are filled out and reviewed annually.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Form 990, Part VII, Columns D and F

“There is reportable compensation to an officer of the organization that is paid by a common paymaster (rochester area economic development, inc., a related nonprofit organization).”

Filing and Contact Details

Filer

Filer Name
Southeastern Minnesota 504 Development
EIN
41-1678990
Phone
5072886442
Address
1926 COLLEGE VIEW ROAD SE, ROCHESTER, MN 55904
Doing Business As
504 Corporation

Signing Officer

Name
Dwayne Lee
Title
Director of Business Development
Phone
5072886442
Signed
2020-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dwayne Lee
Formed
1990
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
220 SOUTH BROADWAY SUITE 102, ROCHESTER, MN 55904
Preparer
Trisha L White
Phone
5072883277
Raw XML AppendixShowing 400 of 436 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/OfficeExpensesGrp/TotalAmt07346
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RAEDI CONTRACT
IRS990/OtherExpensesGrp/Desc1DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2OVERHEAD OPERATING EXP
IRS990/OtherExpensesGrp/Desc3BOARD MEMBER EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0299623
IRS990/OtherExpensesGrp/TotalAmt130948
IRS990/OtherExpensesGrp/TotalAmt225099
IRS990/OtherExpensesGrp/TotalAmt32327
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0119384
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0143568
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt051922
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0108497
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01274
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05098
IRS990/PrincipalOfficerNm0DWAYNE LEE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROCESSING REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0298273
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1139727
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0298273
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1139727
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0755
IRS990/PYInvestmentIncomeAmt055141
IRS990/PYOtherExpensesAmt0458247
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0400962
IRS990/PYRevenuesLessExpensesAmt0-2899
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0459002
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0456103
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt038988
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0762443
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0762233
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03247
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019658
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022905
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0459938
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0498926
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03247
IRS990ScheduleD/TotalExpensesPerForm990Amt0459938
IRS990ScheduleD/TotalRevenuePerForm990Amt0498926
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0498926
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0459938
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0504 CORPORATION CONTRACTS WITH ALL STAFF FOR DAY-TO-DAY MANAGEMENT BUT RETAINS RESPONSIBILITY FOR SERVICES PROVIDED AND HOW WORK IS TO BE COMPLETED, AND APPROVES THE CUSTOMERS TO BE SERVED AND HOW THEY ARE SERVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ARTICLES AND BYLAWS WERE CHANGED TO MEET SBA'S CURRENT REGULATIONS AND TO ADD FIVE ADDITIONAL COUNTIES IN WISCONSIN. CHANGES - BOARD'S REQUIREMENT TO BE RESPONSIBLE FOR ALL MANAGEMENT DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD AND THE PRESIDENT REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONLICT OF INTEREST DISCLOSURES ARE FILLED OUT AND REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE IS REPORTABLE COMPENSATION TO AN OFFICER OF THE ORGANIZATION THAT IS PAID BY A COMMON PAYMASTER (ROCHESTER AREA ECONOMIC DEVELOPMENT, INC., A RELATED NONPROFIT ORGANIZATION).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, COLUMNS D AND F
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ROCHESTER AREA ECONOMIC DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0363414363
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ATTRACT RETAIN AND ASSIST GROWTH/EXPANSION OF BASE BUSINESS IN ROCHESTER, MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0220 SOUTH BROADWAY SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ROCHESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055904
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0299623
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ROCHESTER AREA ECONOMIC DEVELOPMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0940681
IRS990/TotalAssetsEOYAmt01027579
IRS990/TotalAssetsGrp/BOYAmt0940681
IRS990/TotalAssetsGrp/EOYAmt01027579
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0459938
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018406
IRS990/TotalLiabilitiesEOYAmt066316
IRS990/TotalLiabilitiesGrp/BOYAmt018406
IRS990/TotalLiabilitiesGrp/EOYAmt066316
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0922275
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0961263
IRS990/TotalOtherCompensationAmt08276
IRS990/TotalProgramServiceRevenueAmt0438000
IRS990/TotalReportableCompFromOrgAmt0105617
IRS990/TotalRevenueGrp/ExclusionAmt060926
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0438000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0498926
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0940681
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01027579
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt010514
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01926 COLLEGE VIEW ROAD SE
IRS990/USAddress/CityNm0ROCHESTER
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055904
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.504CORPORATION.COM
IRS990/WhistleblowerPolicyInd01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,027,579
Liabilities
$66,316
Net assets
$961,263
Revenue
$498,926
Expenses
$459,938
Net income
$38,988
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.03$1.93$1.09$0.58$0.51
2023Detailed filing. Detailed filing data is available for this year.$1.45$0.04$1.41$0.62$0.52$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.06$1.32$0.65$0.54$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.15$1.21$0.78$0.59$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.12$1.02$0.63$0.56$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.07$0.96$0.50$0.46$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.92$0.46$0.46$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.06$0.93$0.49$0.47$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.01$0.91$0.38$0.39$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.03$0.93$0.42$0.42$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.03$0.93$0.37$0.43$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.98$0.35$0.41$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.03$1.04$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.04$1.04$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.09$1.08$0.41