Civic Intelligence

New Hampton Industrial Corporation

990 • Fiscal year 2020 • EIN 42-0982072

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 18, 2021

Organization ProfileN/A
310 Croell DriveNew Hampton, IA 50659

(641) 394-3000

Siviq Scores

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

Liabilities / Assets

71st percentile

0.19x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

3.56x

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

93rd percentile

68%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

52nd percentile

3.8%

Faster asset growth than 52% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

8.0%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$926,523

Up $33,929 (+3.8%) from 2019

Net Assets

Up

$749,613

Up $33,929 (+4.7%) from 2019

Liabilities

Flat

$176,910

Flat from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin93rd percentile

Revenue

Up

$49,663

Up $3,672 (+8.0%) from 2019

Expenses

Down

$15,734

Down $24,778 (-61%) from 2019

Net Income

Up

$33,929

Up $28,450 (+519%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$1.0M$500K$0Assets 2011: $678,587Liabilities 2011: $176,910Net Assets 2011: $501,6772011Assets 2012: $730,333Liabilities 2012: $176,910Net Assets 2012: $553,4232012Assets 2013: $761,042Liabilities 2013: $176,910Net Assets 2013: $584,1322013Assets 2014: $806,443Liabilities 2014: $176,910Net Assets 2014: $629,5332014Assets 2015: $849,233Liabilities 2015: $176,910Net Assets 2015: $672,3232015Assets 2016: $831,916Liabilities 2016: $176,910Net Assets 2016: $655,0062016Assets 2017: $863,375Liabilities 2017: $176,910Net Assets 2017: $686,4652017Assets 2018: $887,115Liabilities 2018: $176,910Net Assets 2018: $710,2052018Assets 2019: $892,594Liabilities 2019: $176,910Net Assets 2019: $715,6842019Assets 2020: $926,523Liabilities 2020: $176,910Net Assets 2020: $749,6132020Assets 2021: $847,084Liabilities 2021: $0Net Assets 2021: $847,0842021Assets 2022: $860,731Liabilities 2022: $0Net Assets 2022: $860,7312022Assets 2023: $890,735Liabilities 2023: $0Net Assets 2023: $890,7352023Assets 2024: $958,042Liabilities 2024: $0Net Assets 2024: $958,0422024

Highlighted filing

2020

Assets$926,523
Liabilities$176,910
Net Assets$749,613
Open 2020 Filing

Operations Trend

Revenue Growth69th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $27,538Expenses 2011: $11,506Net Income 2011: $16,0322011Revenue 2012: $73,682Expenses 2012: $10,538Net Income 2012: $63,1442012Revenue 2013: $52,805Expenses 2013: $14,554Net Income 2013: $38,2512013Revenue 2014: $52,447Expenses 2014: $7,046Net Income 2014: $45,4012014Revenue 2015: $51,413Expenses 2015: $8,623Net Income 2015: $42,7902015Revenue 2016: $48,477Expenses 2016: $65,794Net Income 2016: -$17,3172016Revenue 2017: $46,328Expenses 2017: $14,869Net Income 2017: $31,4592017Revenue 2018: $41,436Expenses 2018: $17,696Net Income 2018: $23,7402018Revenue 2019: $45,991Expenses 2019: $40,512Net Income 2019: $5,4792019Revenue 2020: $49,663Expenses 2020: $15,734Net Income 2020: $33,9292020Revenue 2021: $132,574Expenses 2021: $35,103Net Income 2021: $97,4712021Revenue 2022: $59,273Expenses 2022: $45,626Net Income 2022: $13,6472022Revenue 2023: $86,158Expenses 2023: $56,154Net Income 2023: $30,0042023Revenue 2024: $75,132Expenses 2024: $7,825Net Income 2024: $67,3072024

Highlighted filing

2020

Revenue$49,663
Expenses$15,734
Net Income$33,929
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 18, 2021
Return Version
2020v4.1
Gross Receipts
$55,849
Mission and Program Overview

Mission

Promotion and support of economic development including new business recruiting and expansion of existing business

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$715,684$749,613▲ $33,929
Land, Buildings, and Equipment, Net$564,352$564,352→ $0
Cash and Non-Interest-Bearing Accounts$139,663$189,363▲ $49,700
Savings and Temporary Cash Investments$188,579$172,808▼ $15,771
Total Assets$892,594$926,523▲ $33,929
Liabilities
Mortgage Notes Payable Secured by Investment Property$176,910$176,910→ $0
Total Liabilities$176,910$176,910→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$715,684$749,613▲ $33,929
Total Liabilities and Net Assets / Fund Balance$892,594$926,523▲ $33,929

Asset Categories

AssetBook ValueDepreciationBasis
Land$564,352-$564,352
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
-President
-Vice President
-Director
Travis LechtenbertSecretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,310
Program Service Revenue
$0
Investment Income
$2,664
Other Revenue
$19,689
Change in Net Assets
$33,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,734
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$7,158--$7,158
Other Expenses$6,070--$6,070
Insurance$1,313--$1,313
Office Expenses$1,193--$1,193
Total Functional Expenses$15,734$0$0$15,734
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
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Part VI Section A Line 1A -

“Members pay dues and elect officers that start january 1st, the board votes as a whole on all major matters”

Part VI Section C Line 19

“Upon request all governing documents policies and financial statements are available to the public”

Part VI Line 11B

“No formal review procedures are in place before filing an officer reviews and checks for accuracy”

Part VII Page 7

“No officers are employed or compensated by the corporation”

Filing and Contact Details

Filer

Filer Name
New Hampton Industrial Corporation
EIN
42-0982072
Phone
6413943000
Address
310 CROELL DRIVE, New Hampton, IA 50659

Signing Officer

Name
Michael Babcock
Title
Treasurer
Phone
6413943000
Signed
2021-08-18
Discuss with paid preparer
No

Organization Details

Formed
1956
Legal Domicile
Ia
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
30

Preparer

Firm
H and R Block
Address
516 W MILWAUKEE, NEW HAMPTON, IA 50659
Preparer
Michael Babcock
Phone
6413943000
Supplemental Narrative

Additional Explanations

Part III Line 4A

“The corporation is promoting new hampton and works with the ecomomic development director atempting to lure and keep business and industries in the community”

Part V Section 1

“Governing board - no officers or directors receive any compensation or wages”

Part 8 Page 6

“Officers listed on sch 0 there are no paid employees”

Page 6 Section A

“All officers are elected in december all meetings are documented with minutes which are approved at the next meeting”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt055849
IRS990/GrossRentsGrp/RealAmt025875
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt027
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01313
IRS990/InsuranceGrp/TotalAmt01313
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02664
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02664
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0564352
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0564352
IRS990/LandBldgEquipCostOrOtherBssAmt0564352
IRS990/LegalDomicileStateCd0IA
IRS990/LessRentalExpensesGrp/RealAmt06186
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt027310
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTION AND SUPPORT OF ECONOMIC DEVELOPMENT INCLUDING NEW BUSINESS RECRUITING AND EXPANSION OF EXISTING BUSINESS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0176910
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0176910
IRS990/NetAssetsOrFundBalancesBOYAmt0715684
IRS990/NetAssetsOrFundBalancesEOYAmt0749613
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt019689
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt019689
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt01193
IRS990/OfficeExpensesGrp/TotalAmt01193
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherExpensesGrp/Desc0NEW CONSTRUCTION GRANT
IRS990/OtherExpensesGrp/ProgramServicesAmt06070
IRS990/OtherExpensesGrp/TotalAmt06070
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0MERCY ONE HOSPITAL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt027256
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01933
IRS990/PYOtherExpensesAmt040512
IRS990/PYOtherRevenueAmt016802
IRS990/PYRevenuesLessExpensesAmt05479
IRS990/PYTotalExpensesAmt040512
IRS990/PYTotalRevenueAmt045991
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt033929
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt019689
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0715684
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0749613
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0188579
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0172808
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0564352
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0564352
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0564352
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS PAY DUES AND ELECT OFFICERS THAT START JANUARY 1ST, THE BOARD VOTES AS A WHOLE ON ALL MAJOR MATTERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST ALL GOVERNING DOCUMENTS POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO FORMAL REVIEW PROCEDURES ARE IN PLACE BEFORE FILING AN OFFICER REVIEWS AND CHECKS FOR ACCURACY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION IS PROMOTING NEW HAMPTON AND WORKS WITH THE ECOMOMIC DEVELOPMENT DIRECTOR ATEMPTING TO LURE AND KEEP BUSINESS AND INDUSTRIES IN THE COMMUNITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING BOARD - NO OFFICERS OR DIRECTORS RECEIVE ANY COMPENSATION OR WAGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO OFFICERS ARE EMPLOYED OR COMPENSATED BY THE CORPORATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICERS LISTED ON SCH 0 THERE ARE NO PAID EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL OFFICERS ARE ELECTED IN DECEMBER ALL MEETINGS ARE DOCUMENTED WITH MINUTES WHICH ARE APPROVED AT THE NEXT MEETING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION A LINE 1A -
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION C LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART III LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART V SECTION 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII PAGE 7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART 8 PAGE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PAGE 6 SECTION A
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TaxExemptInterestAmt00
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0892594
IRS990/TotalAssetsEOYAmt0926523
IRS990/TotalAssetsGrp/BOYAmt0892594
IRS990/TotalAssetsGrp/EOYAmt0926523
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt027310
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015734
IRS990/TotalFunctionalExpensesGrp/TotalAmt015734
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0176910
IRS990/TotalLiabilitiesEOYAmt0176910
IRS990/TotalLiabilitiesGrp/BOYAmt0176910
IRS990/TotalLiabilitiesGrp/EOYAmt0176910
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0715684
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0749613
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022353
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt049663
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0892594
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0926523
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0308 NORTH MAPLE AVENUE
IRS990/USAddress/CityNm0New Hampton
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050659
IRS990/VotingMembersGoverningBodyCnt027
IRS990/VotingMembersIndependentCnt027
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReasonableCauseExplanation/ExplanationTxt0I NORMALLY FILE AN EXTENSION EACH YEAR AND PREPARE THE RETURN IN THE SUMMER WHEN I HAVE MORE TIME. WITH ALL THE CHANGES AND PEOPLE CHECKING ON STIMULUS PAYMENTS I FORGOT TO FILE THE EXENSTION. I WOULD APPRECIATE NOT HAVEING TO PAY ANY FINE.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL BABCOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$926,523
Liabilities
$176,910
Net assets
$749,613
Revenue
$49,663
Expenses
$15,734
Net income
$33,929
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.58$0.00$9.58$0.75$0.08$0.67
2023Detailed filing. Detailed filing data is available for this year.$8.91$0.00$8.91$0.86$0.56$0.30
2022Detailed filing. Detailed filing data is available for this year.$8.61$0.00$8.61$0.59$0.46$0.14
2021Detailed filing. Detailed filing data is available for this year.$8.47$0.00$8.47$1.33$0.35$0.97
2020Detailed filing. Detailed filing data is available for this year.$9.27$1.77$7.50$0.50$0.16$0.34
2019Detailed filing. Detailed filing data is available for this year.$8.93$1.77$7.16$0.46$0.41$0.05
2018Detailed filing. Detailed filing data is available for this year.$8.87$1.77$7.10$0.41$0.18$0.24
2017Detailed filing. Detailed filing data is available for this year.$8.63$1.77$6.86$0.46$0.15$0.31
2016Detailed filing. Detailed filing data is available for this year.$8.32$1.77$6.55$0.48$0.66$0.17
2015Detailed filing. Detailed filing data is available for this year.$8.49$1.77$6.72$0.51$0.09$0.43
2014Summary only. Only limited summary data is available for this year.$8.06$1.77$6.30$0.52$0.07$0.45
2013Summary only. Only limited summary data is available for this year.$7.61$1.77$5.84$0.53$0.15$0.38
2012Summary only. Only limited summary data is available for this year.$7.30$1.77$5.53$0.74$0.11$0.63
2011Summary only. Only limited summary data is available for this year.$6.79$1.77$5.02$0.28$0.12$0.16