Civic Intelligence

Keokuk Economic Development Corporation

990EZ • Fiscal year 2021 • EIN 42-1018928

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 26, 2021

511 Blondeau St Suite 3Keokuk, IA 52632

(319) 524-6921

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

22nd percentile

-13%

Higher net margin than 22% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

33rd percentile

-3.8%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

-19%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$247,378

Down $9,900 (-3.8%) from 2020

Net Assets

Down

$247,378

Down $9,900 (-3.8%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$74,795

Down $17,044 (-19%) from 2020

Expenses

Down

$84,694

Down $9,987 (-11%) from 2020

Net Income

Down

-$9,899

Down $7,057 (-248%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $223,863Liabilities 2017: $0Net Assets 2017: $223,8632017Assets 2018: $204,670Liabilities 2018: $0Net Assets 2018: $204,6702018Assets 2019: $260,119Net Assets 2019: $260,1192019Assets 2020: $257,278Net Assets 2020: $257,2782020Assets 2021: $247,378Net Assets 2021: $247,3782021Assets 2022: $159,437Net Assets 2022: $159,4372022Assets 2023: $236,688Net Assets 2023: $236,6882023Assets 2024: $615,420Liabilities 2024: $303,052Net Assets 2024: $312,3682024Assets 2025: $637,642Liabilities 2025: $254,174Net Assets 2025: $383,4682025

Highlighted filing

2021

Assets$247,378
Liabilities-
Net Assets$247,378

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2017: $234,328Expenses 2017: $59,195Net Income 2017: $175,1332017Revenue 2018: $12,617Expenses 2018: $31,810Net Income 2018: -$19,1932018Revenue 2019: $77,938Expenses 2019: $22,489Net Income 2019: $55,4492019Revenue 2020: $91,839Expenses 2020: $94,681Net Income 2020: -$2,8422020Revenue 2021: $74,795Expenses 2021: $84,694Net Income 2021: -$9,8992021Revenue 2022: $23,367Expenses 2022: $111,309Net Income 2022: -$87,9422022Revenue 2023: $149,472Expenses 2023: $72,221Net Income 2023: $77,2512023Revenue 2024: $93,050Expenses 2024: $17,370Net Income 2024: $75,6802024Revenue 2025: $135,050Expenses 2025: $63,950Net Income 2025: $71,1002025

Highlighted filing

2021

Revenue$74,795
Expenses$84,694
Net Income-$9,899
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 26, 2021
Return Version
2020v4.0
Gross Receipts
$74,795
Mission and Program Overview

Mission

Economic development for keokuk, ia and surrounding community.

Program Services

DescriptionGrantsExpenses
THE PURPOSE OF THE CORPORATION IS TO ACQUIRE LAND AND REAL ESTATE TO ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN AND DEVELOP INDUSTRIAL AND BUSINESS PROJECTS IN THE CITY OF KEOKUK, IA, LEE COUNTY, IA, AND THE SURROUNDING AREAS.$54,500$78,147
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SUSAN DUNEKPresident-$0--
KERRY KLEPFERVice Preside-$0--
BARB SMIDTTreasurer-$0--
MIKE HICKEYDirector-$0--
COLE O'DONNELLDirector-$0--
DAVE BOGNERDirector-$0--
RON SCHMITTDirector-$0--
GARY FOLLUODirector-$0--
BRIAN CARROLLDirector-$0--
TOM RICHARDSONDirector-$0--
NANCY SNAADTDirector-$0--
JOSH KIRCHNERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Keokuk Economic Development
EIN
42-1018928
Phone
3195246921
Address
511 BLONDEAU ST SUITE 3, KEOKUK, IA 52632

Signing Officer

Name
Barb Smidt
Title
Treasurer
Phone
3195246921
Signed
2021-08-26
Discuss with paid preparer
Yes

Preparer

Firm
Menke & Company
Address
406 AVENUE E PO BOX 135, WEST POINT, IA 52656-0135
Preparer
Laura a Menke
Phone
3198376042
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Other revenue 53 total 53

Form 990-ez, Part I, Line 10

Name: lee county economic dev. Corp. Address: po box 1058 keokuk, ia 52632 cash contribution: 30,000 name: keokuk area chamber of commerce address: 511 blondeau st 3 keokuk, ia 52632 cash contribution: 24,500

Form 990-ez, Part I, Line 16

Kindustry park taxes and licenses 193 expenses advertising and promotion 5,000 office -21 insurance 850 rural housing assessment 11,000 seid management 12,647 total 29,669

Form 990-ez, Part III, Line 28

The purpose of the corporation is to acquire land and real estate to encourage, assist, establish, maintain and develop industrial and business projects in the city of keokuk, ia, lee county, ia, and the surrounding areas.

Raw XML Appendix201 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherExpensesTotalAmt029669
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER REVENUE 53 TOTAL 53
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NAME: LEE COUNTY ECONOMIC DEV. CORP. ADDRESS: PO BOX 1058 KEOKUK, IA 52632 CASH CONTRIBUTION: 30,000 NAME: KEOKUK AREA CHAMBER OF COMMERCE ADDRESS: 511 BLONDEAU ST 3 KEOKUK, IA 52632 CASH CONTRIBUTION: 24,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KINDUSTRY PARK TAXES AND LICENSES 193 EXPENSES ADVERTISING AND PROMOTION 5,000 OFFICE -21 INSURANCE 850 RURAL HOUSING ASSESSMENT 11,000 SEID MANAGEMENT 12,647 TOTAL 29,669
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PURPOSE OF THE CORPORATION IS TO ACQUIRE LAND AND REAL ESTATE TO ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN AND DEVELOP INDUSTRIAL AND BUSINESS PROJECTS IN THE CITY OF KEOKUK, IA, LEE COUNTY, IA, AND THE SURROUNDING AREAS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02021-08-31T16:12:56-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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