Civic Intelligence

Sigourney Area Development Corporation

990 • Fiscal year 2019 • EIN 42-1084764

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 13, 2020

Organization ProfileWWW.SIGOURNEY.COM
112 E Washington StSigourney, IA 52591

(641) 622-2288

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

70th percentile

0.18x

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

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

28th percentile

-2.4%

Higher net margin than 28% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$7,736

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

34th percentile

-0.1%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

14th percentile

-11%

Faster revenue growth than 14% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$673,256

Down $904 (-0.1%) from 2018

Net Assets

Down

$666,394

Down $875 (-0.1%) from 2018

Liabilities

Down

$6,862

Down $29 (-0.4%) from 2018

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin28th percentile

Revenue

Down

$37,210

Down $4,821 (-11%) from 2018

Expenses

Up

$38,085

Up $2,326 (+6.5%) from 2018

Net Income

Down

-$875

Down $7,147 (-114%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$800K$600K$400K$200K$0Assets 2010: $659,186Liabilities 2010: $2,425Net Assets 2010: $656,7612010Assets 2011: $677,032Liabilities 2011: $6,869Net Assets 2011: $670,1632011Assets 2012: $684,011Liabilities 2012: $7,401Net Assets 2012: $676,6102012Assets 2013: $665,948Liabilities 2013: $8,844Net Assets 2013: $657,1042013Assets 2014: $670,658Liabilities 2014: $7,069Net Assets 2014: $663,5892014Assets 2015: $667,906Liabilities 2015: $7,020Net Assets 2015: $660,8862015Assets 2016: $661,404Liabilities 2016: $6,481Net Assets 2016: $654,9232016Assets 2017: $667,727Liabilities 2017: $6,730Net Assets 2017: $660,9972017Assets 2018: $674,160Liabilities 2018: $6,891Net Assets 2018: $667,2692018Assets 2019: $673,256Liabilities 2019: $6,862Net Assets 2019: $666,3942019Assets 2020: $731,800Liabilities 2020: $5,553Net Assets 2020: $726,2472020Assets 2021: $746,490Liabilities 2021: $6,634Net Assets 2021: $739,8562021Assets 2022: $759,196Liabilities 2022: $5,001Net Assets 2022: $754,1952022Assets 2023: $777,203Liabilities 2023: $0Net Assets 2023: $777,2032023Assets 2024: $748,131Liabilities 2024: $0Net Assets 2024: $748,1312024

Highlighted filing

2019

Assets$673,256
Liabilities$6,862
Net Assets$666,394
Open 2019 Filing

Operations Trend

Revenue Growth14th percentile

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

$100K$50K$0-$50KExpenses 2010: $28,5422010Expenses 2011: $27,0792011Revenue 2012: $46,605Expenses 2012: $40,158Net Income 2012: $6,4472012Revenue 2013: $53,810Expenses 2013: $73,316Net Income 2013: -$19,5062013Revenue 2014: $54,948Expenses 2014: $48,463Net Income 2014: $6,4852014Revenue 2015: $39,278Expenses 2015: $41,924Net Income 2015: -$2,6462015Revenue 2016: $33,821Expenses 2016: $39,784Net Income 2016: -$5,9632016Revenue 2017: $37,133Expenses 2017: $31,060Net Income 2017: $6,0732017Revenue 2018: $42,031Expenses 2018: $35,759Net Income 2018: $6,2722018Revenue 2019: $37,210Expenses 2019: $38,085Net Income 2019: -$8752019Revenue 2020: $96,389Expenses 2020: $36,236Net Income 2020: $60,1532020Revenue 2021: $44,267Expenses 2021: $30,658Net Income 2021: $13,6092021Revenue 2022: $46,488Expenses 2022: $32,149Net Income 2022: $14,3392022Revenue 2023: $76,022Expenses 2023: $53,014Net Income 2023: $23,0082023Revenue 2024: $55,202Expenses 2024: $59,491Net Income 2024: -$4,2892024

Highlighted filing

2019

Revenue$37,210
Expenses$38,085
Net Income-$875
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 13, 2020
Return Version
2019v5.0
Gross Receipts
$45,278
Mission and Program Overview

Mission

Promote comunity welfare & industrial development. We seek to have a robust comminity by promoting employment which drives economic growth in the area. Ultimately this assists in providing for a high quality of life both locally and throughout keokuk county. To strive for this we serve a lead role in industrial, tourism and community developyment activities.

Promote community welfare & industrial development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$309,422$330,308▲ $20,886
Other Notes and Loans Receivable, Net$180,441$160,360▼ $20,081
Land, Buildings, and Equipment, Net$148,900$148,535▼ $365
Savings and Temporary Cash Investments$19,736$16,755▼ $2,981
Total Assets$674,160$673,256▼ $904
Other Assets Total$15,661$17,298▲ $1,637
Liabilities
Accounts Payable and Accrued Expenses$6,891$6,862▼ $29
Total Liabilities$6,891$6,862▼ $29
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$667,269$666,394▼ $875
Total Net Assets Fund Balance$667,269$666,394▼ $875
Total Liabilities and Net Assets / Fund Balance$674,160$673,256▼ $904

Asset Categories

AssetBook ValueDepreciationBasis
Land$148,266-$148,266
Other Land Buildings$269$10,491$10,760
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judy FrankTreasurerPT$7,736$7,736

Board Members and Trustees

NameTitle
Jeff GraffPresident
Katharinna BainDirector
Staci ShettlerDirector
Lucas MeierPast Pres/di
Shannon StevensSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$13,925
Program Service Revenue
$6,866
Investment Income
$633
Other Revenue
$15,786
Change in Net Assets
$-875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,338
Salaries, Compensation, and Employee Benefits$17,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$8,667
Occupancy---$8,265
Comp Disqual Persons---$7,736
Fees for Services Other---$3,054
Office Expenses---$2,561
Payroll Taxes---$1,344
Insurance---$1,206
Fees for Services Accounting---$694
Depreciation Depletion---$365
Other Expenses---$146
Advertising---$98
Total Functional Expenses$0$0$0$38,085
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$13,107
Gaming Direct Expenses$5,638
Fundraising Gross Income$2,880
Fundraising Direct Expenses$2,430
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Members are businesses or individuals in the community who chose to assist in the financial success of the organization's mission. There is no benefit in being a member except for the community benefit.”

Form 990, Page 6, Part VI, Line 7A

“Election of board of directors members is determined by the vote of the members.”

Form 990, Page 6, Part VI, Line 11B

“The organization provided form 990 to the board for review and comments. The return is provided to the board in a meeting setting for explanation and discussion in alternating years.”

Form 990, Page 6, Part VI, Line 12C

“All board members have access to a copy of the policy and it is reviewed annually at the november board meeting. Each board member is asked to sign-off that there are no conflicts of interest. If there would be conflicts, the board will address the circumstances.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is compared to similar positions in the local market.”

Form 990, Page 6, Part VI, Line 15B

“Compensation is compared to similar positions in the local market.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies, and financial statements, including the 990, are available upon request.”

Filing and Contact Details

Filer

Filer Name
Sigourney Area
EIN
42-1084764
Phone
6416222288
Address
112 E WASHINGTON ST, SIGOURNEY, IA 52591

Signing Officer

Name
Jeff Graff
Title
President
Phone
6416222288
Signed
2020-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Graff
Formed
1970
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
11

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
317 HIGH AVE E, OSKALOOSA, IA 52577-2823
Preparer
Darcee M Ayers CPA
Phone
6416722523
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Promote community welfare & industrial development. We seek to have a robust community by promoting employment which drives economic growth in the area. Ultimately this assists in providing for a high quality of life both locally and throughout keokuk county. To strive for this we serve a lead role in industrial, tourism and community development activities.”

Form 990, Page 2, Part III, Line 4D

“OTHER”

Raw XML Appendix383 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE COMMUNITY WELFARE & INDUSTRIAL DEVELOPMENT. WE SEEK TO HAVE A ROBUST COMMUNITY BY PROMOTING EMPLOYMENT WHICH DRIVES ECONOMIC GROWTH IN THE AREA. ULTIMATELY THIS ASSISTS IN PROVIDING FOR A HIGH QUALITY OF LIFE BOTH LOCALLY AND THROUGHOUT KEOKUK COUNTY. TO STRIVE FOR THIS WE SERVE A LEAD ROLE IN INDUSTRIAL, TOURISM AND COMMUNITY DEVELOPMENT ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ARE BUSINESSES OR INDIVIDUALS IN THE COMMUNITY WHO CHOSE TO ASSIST IN THE FINANCIAL SUCCESS OF THE ORGANIZATION'S MISSION. THERE IS NO BENEFIT IN BEING A MEMBER EXCEPT FOR THE COMMUNITY BENEFIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ELECTION OF BOARD OF DIRECTORS MEMBERS IS DETERMINED BY THE VOTE OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDED FORM 990 TO THE BOARD FOR REVIEW AND COMMENTS. THE RETURN IS PROVIDED TO THE BOARD IN A MEETING SETTING FOR EXPLANATION AND DISCUSSION IN ALTERNATING YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS HAVE ACCESS TO A COPY OF THE POLICY AND IT IS REVIEWED ANNUALLY AT THE NOVEMBER BOARD MEETING. EACH BOARD MEMBER IS ASKED TO SIGN-OFF THAT THERE ARE NO CONFLICTS OF INTEREST. IF THERE WOULD BE CONFLICTS, THE BOARD WILL ADDRESS THE CIRCUMSTANCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION IS COMPARED TO SIMILAR POSITIONS IN THE LOCAL MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPENSATION IS COMPARED TO SIMILAR POSITIONS IN THE LOCAL MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS, INCLUDING THE 990, ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/FilingSecurityInformation/IPTm014:35:29
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ReturnHeader/ReturnTs02020-10-21T14:35:29-05:00
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$673,256
Liabilities
$6,862
Net assets
$666,394
Revenue
$37,210
Expenses
$38,085
Net income
-$875
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.48$0.00$7.48$0.55$0.59$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.77$0.00$7.77$0.76$0.53$0.23
2022Detailed filing. Detailed filing data is available for this year.$7.59$0.05$7.54$0.46$0.32$0.14
2021Detailed filing. Detailed filing data is available for this year.$7.46$0.07$7.40$0.44$0.31$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.32$0.06$7.26$0.96$0.36$0.60
2019Detailed filing. Detailed filing data is available for this year.$6.73$0.07$6.66$0.37$0.38$0.01
2018Detailed filing. Detailed filing data is available for this year.$6.74$0.07$6.67$0.42$0.36$0.06
2017Detailed filing. Detailed filing data is available for this year.$6.68$0.07$6.61$0.37$0.31$0.06
2016Detailed filing. Detailed filing data is available for this year.$6.61$0.06$6.55$0.34$0.40$0.06
2015Detailed filing. Detailed filing data is available for this year.$6.68$0.07$6.61$0.39$0.42$0.03
2014Detailed filing. Detailed filing data is available for this year.$6.71$0.07$6.64$0.55$0.48$0.06
2013Detailed filing. Detailed filing data is available for this year.$6.66$0.09$6.57$0.54$0.73$0.20
2012Summary only. Only limited summary data is available for this year.$6.84$0.07$6.77$0.47$0.40$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.77$0.07$6.70$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.59$0.02$6.57$0.29