Civic Intelligence

Adams Community Economic Development Corporation

990 • Fiscal year 2016 • EIN 42-1013266

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 23, 2017

Organization ProfileN/A

View Organization Page

710 Davis StreetCorning, IA 50841

(641) 322-5229

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

24th percentile

0.04x

Higher debt load relative to revenue than 24% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

94th percentile

32%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$46,091

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

19th percentile

-5.8%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

35%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$1,326,280

Down $81,225 (-5.8%) from 2015

Net Assets

Down

$1,316,280

Down $41,767 (-3.1%) from 2015

Liabilities

Down

$10,000

Down $39,458 (-80%) from 2015

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin94th percentile

Revenue

Up

$258,108

Up $66,802 (+35%) from 2015

Expenses

Down

$175,893

Down $10,723 (-5.7%) from 2015

Net Income

Up

$82,215

Up $77,525 (+1653%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,459,211Liabilities 2011: $266,332Net Assets 2011: $1,192,8792011Assets 2012: $1,495,977Liabilities 2012: $234,843Net Assets 2012: $1,261,1342012Assets 2013: $1,470,851Liabilities 2013: $155,815Net Assets 2013: $1,315,0362013Assets 2014: $1,478,009Liabilities 2014: $124,652Net Assets 2014: $1,353,3572014Assets 2015: $1,407,505Liabilities 2015: $49,458Net Assets 2015: $1,358,0472015Assets 2016: $1,326,280Liabilities 2016: $10,000Net Assets 2016: $1,316,2802016Assets 2017: $1,421,372Liabilities 2017: $48,600Net Assets 2017: $1,372,7722017Assets 2018: $1,314,887Liabilities 2018: $88,000Net Assets 2018: $1,226,8872018Assets 2019: $1,118,165Liabilities 2019: $0Net Assets 2019: $1,118,1652019Assets 2020: $1,196,134Liabilities 2020: $0Net Assets 2020: $1,196,1342020Assets 2021: $1,041,039Liabilities 2021: $0Net Assets 2021: $1,041,0392021Assets 2022: $1,057,160Liabilities 2022: $0Net Assets 2022: $1,057,1602022Assets 2023: $1,244,095Liabilities 2023: $0Net Assets 2023: $1,244,0952023Assets 2024: $1,278,313Liabilities 2024: $51,712Net Assets 2024: $1,226,6012024

Highlighted filing

2016

Assets$1,326,280
Liabilities$10,000
Net Assets$1,316,280
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.0M$500K$0-$500KRevenue 2011: $217,362Expenses 2011: $127,547Net Income 2011: $89,8152011Revenue 2012: $0Expenses 2012: $120,451Net Income 2012: -$120,4512012Revenue 2013: $127,463Expenses 2013: $71,760Net Income 2013: $55,7032013Revenue 2014: $177,214Expenses 2014: $155,306Net Income 2014: $21,9082014Revenue 2015: $191,306Expenses 2015: $186,616Net Income 2015: $4,6902015Revenue 2016: $258,108Expenses 2016: $175,893Net Income 2016: $82,2152016Revenue 2017: $213,244Expenses 2017: $156,752Net Income 2017: $56,4922017Revenue 2018: $181,192Expenses 2018: $327,267Net Income 2018: -$146,0752018Revenue 2019: $557,200Expenses 2019: $665,922Net Income 2019: -$108,7222019Revenue 2020: $260,841Expenses 2020: $182,872Net Income 2020: $77,9692020Revenue 2021: $20,474Expenses 2021: $184,818Net Income 2021: -$164,3442021Revenue 2022: $208,987Expenses 2022: $179,582Net Income 2022: $29,4052022Revenue 2023: $363,571Expenses 2023: $176,636Net Income 2023: $186,9352023Revenue 2024: $786,877Expenses 2024: $804,371Net Income 2024: -$17,4942024

Highlighted filing

2016

Revenue$258,108
Expenses$175,893
Net Income$82,215
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 23, 2017
Return Version
2016v3.0
Gross Receipts
$263,700
Mission and Program Overview

Mission

Commuity economic development and industrial development in adams county iowa.

INDUSTRIAL DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,352,122$1,310,355▼ $41,767
Land, Buildings, and Equipment, Net$953,378$632,628▼ $320,750
Cash and Non-Interest-Bearing Accounts$335,257$544,197▲ $208,940
Cap Stk Tr Prin Current Funds$5,925$5,925→ $0
Total Assets$1,407,505$1,326,280▼ $81,225
Other Assets Total$118,870$149,455▲ $30,585
Liabilities
Accounts Payable and Accrued Expenses$49,458$10,000▼ $39,458
Total Liabilities$49,458$10,000▼ $39,458
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,358,047$1,316,280▼ $41,767
Total Liabilities and Net Assets / Fund Balance$1,407,505$1,326,280▼ $81,225

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$632,628--
Other Assets Org$7,483--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Beth WaddleExecutive DirectorFT$46,091$46,091

Board Members and Trustees

NameTitle
Donna HoganPresident
Scott AkinVice President
Larry KesterDirector
Mike MiltnerDirector
Troy WaddellDirector
Denny VillhauerSecretary
Jim RuppertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$222,445
Program Service Revenue
$14,399
Investment Income
$11,004
Other Revenue
$10,260
All Other Contributions
$14,399
Change in Net Assets
$82,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,001
Salaries, Compensation, and Employee Benefits$75,892
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,753--$68,753
All Other Expenses$48,571--$48,571
Other Expenses$13,688--$13,688
Advertising$6,919--$6,919
Information Technology$5,536--$5,536
Travel$5,389--$5,389
Payroll Taxes$5,260--$5,260
Insurance$5,168--$5,168
Office Expenses$4,457--$4,457
Pension Plan Contributions$1,879--$1,879
Fees for Services Accounting$525--$525
Total Functional Expenses$175,893$0$0$175,893
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,117
Fundraising Direct Expenses$5,592
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rd Banquet$15,117$15,117$5,592$9,525
Total Events$15,117$15,117$5,592$9,525
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Form 990, part vi, line 06 - governing documents disclosure explanation the governing documents are available upon request”

Member election for additional members Part VI line 7A

“Form 990, part vi, line 07 - governing documents disclosure explanation the governing documents are available upon request”

Form 990 governing body review Part VI line 11

“Form 990, part vi, line 11b - organizations process to review form 990 a copy of the 990 is presented and reviewed by the board of directors prior to the return being filed”

Conflict of interest policy compliance Part VI line 12C

“This is a monthly agenda item at the board meeting”

Governing documents etc available to public Part VI line 19

“Form 990, part vi, line 19 - governing documents disclosure explanation the governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Adams Community Economic Development Corporation
EIN
42-1013266
Address
710 DAVIS STREET, CORNING, IA 50841

Signing Officer

Name
Jim Ruppert
Title
Treasurer
Phone
6413225229
Signed
2017-03-23
Discuss with paid preparer
Yes

Organization Details

Formed
1977
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
Rasmussen Nelson & Wonio PLC
Address
112 W Washington Street, Exira, IA 50076
Preparer
Joseph Rasmussen
Phone
7122685357
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Description amountcopier expense $3,413facade business expense $7,380housing contribution labor $3,150miscellaneous $18,058organizational dues $945property tax $2,503repairs and maintenance $9,515supplies $1,044telephone $2,380utilities $3,236vernon farm expenses $6,466”

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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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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05592
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART VI, LINE 06 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, LINE 07 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, LINE 11B - ORGANIZATIONS PROCESS TO REVIEW FORM 990 A COPY OF THE 990 IS PRESENTED AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS IS A MONTHLY AGENDA ITEM AT THE BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION AMOUNTCOPIER EXPENSE $3,413FACADE BUSINESS EXPENSE $7,380HOUSING CONTRIBUTION LABOR $3,150MISCELLANEOUS $18,058ORGANIZATIONAL DUES $945PROPERTY TAX $2,503REPAIRS AND MAINTENANCE $9,515SUPPLIES $1,044TELEPHONE $2,380UTILITIES $3,236VERNON FARM EXPENSES $6,466
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175893
IRS990/TotalFunctionalExpensesGrp/TotalAmt0175893
IRS990/TotalGrossUBIAmt09525
IRS990/TotalLiabilitiesBOYAmt049458
IRS990/TotalLiabilitiesEOYAmt010000
IRS990/TotalLiabilitiesGrp/BOYAmt049458
IRS990/TotalLiabilitiesGrp/EOYAmt010000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01358047
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01316280
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0175893
IRS990/TotalProgramServiceRevenueAmt014399
IRS990/TotalReportableCompFromOrgAmt046091
IRS990/TotalRevenueGrp/ExclusionAmt03576
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022562
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0258108
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt09525
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01407505
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01326280
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05389
IRS990/TravelGrp/TotalAmt05389
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM RUPPERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06413225229
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ADAMS COMMUNITY ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ADAM
ReturnHeader/Filer/EIN0421013266
ReturnHeader/Filer/USAddress/AddressLine1Txt0710 DAVIS STREET
ReturnHeader/Filer/USAddress/CityNm0CORNING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050841
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0013916821778E3CE4EC67657BFD687E78ABE6222
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0013916821778E3CE4EC67657BFD687E78ABE6222
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId04248012017200rtcydpj
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-07-19
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0199.120.115.179
ReturnHeader/FilingSecurityInformation/IPDt02017-07-19
ReturnHeader/FilingSecurityInformation/IPTm016:49:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0812683639
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rasmussen Nelson & Wonio PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0112 W Washington Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Exira
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050076
ReturnHeader/PreparerPersonGrp/PhoneNum07122685357
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Rasmussen
ReturnHeader/ReturnTs02017-07-19T16:48:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,326,280
Liabilities
$10,000
Net assets
$1,316,280
Revenue
$258,108
Expenses
$175,893
Net income
$82,215
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.05$1.23$0.79$0.80$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.36$0.18$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.21$0.18$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.02$0.18$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.26$0.18$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.56$0.67$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.09$1.23$0.18$0.33$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.42$0.05$1.37$0.21$0.16$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.33$0.01$1.32$0.26$0.18$0.08
2015Summary only. Only limited summary data is available for this year.$1.41$0.05$1.36$0.19$0.19$0.00
2014Summary only. Only limited summary data is available for this year.$1.48$0.12$1.35$0.18$0.16$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.47$0.16$1.32$0.13$0.07$0.06
2012Summary only. Only limited summary data is available for this year.$1.50$0.23$1.26$0.00$0.12$0.12
2011Summary only. Only limited summary data is available for this year.$1.46$0.27$1.19$0.22$0.13$0.09