Civic Intelligence

Sigourney Area Development Corporation

990 • Fiscal year 2020 • EIN 42-1084764

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 29, 2021

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

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

98th percentile

62%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$5,886

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

57th percentile

8.7%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

159%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$731,800

Up $58,544 (+8.7%) from 2019

Net Assets

Up

$726,247

Up $59,853 (+9.0%) from 2019

Liabilities

Down

$5,553

Down $1,309 (-19%) from 2019

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin98th percentile

Revenue

Up

$96,389

Up $59,179 (+159%) from 2019

Expenses

Down

$36,236

Down $1,849 (-4.9%) from 2019

Net Income

Up

$60,153

Up $61,028 (+6975%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2020

Assets$731,800
Liabilities$5,553
Net Assets$726,247
Open 2020 Filing

Operations Trend

Revenue Growth98th 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

2020

Revenue$96,389
Expenses$36,236
Net Income$60,153
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 29, 2021
Return Version
2020v4.0
Gross Receipts
$133,484
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$330,308$326,250▼ $4,058
Other Notes and Loans Receivable, Net$160,360$169,170▲ $8,810
Land, Buildings, and Equipment, Net$148,535$113,393▼ $35,142
Savings and Temporary Cash Investments$16,755$109,492▲ $92,737
Total Assets$673,256$731,800▲ $58,544
Other Assets Total$17,298$13,495▼ $3,803
Liabilities
Accounts Payable and Accrued Expenses$6,862$5,553▼ $1,309
Total Liabilities$6,862$5,553▼ $1,309
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$666,394$726,247▲ $59,853
Total Net Assets Fund Balance$666,394$726,247▲ $59,853
Total Liabilities and Net Assets / Fund Balance$673,256$731,800▲ $58,544

Asset Categories

AssetBook ValueDepreciationBasis
Land$113,266-$113,266
Other Land Buildings$127$10,633$10,760
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judy FrankTreasurerPT$5,886$5,886

Board Members and Trustees

NameTitle
Lucas MeierPresident
Casey ThompsonDirector
Jodi GreinerDirector
Katharinna BainDirector
Mark SeeleyDirector
Norman AtwoodDirector
Staci ShettlerDirector
Tom BatesDirector
Amber KephartExecutive Di
Shannon StevensSecretary
Jeff GraffVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$22,805
Program Service Revenue
$7,662
Investment Income
$59,195
Other Revenue
$6,727
All Other Contributions
$520
Change in Net Assets
$60,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,712
Salaries, Compensation, and Employee Benefits$14,524
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$7,144
Comp Disqual Persons---$5,886
Other Salaries and Wages---$5,725
Fees for Services Other---$4,191
Payroll Taxes---$2,913
Office Expenses---$2,832
Fees for Services Accounting---$2,250
Insurance---$1,345
All Other Expenses---$255
Depreciation Depletion---$142
Other Expenses---$128
Total Functional Expenses$0$0$0$36,236
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
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

“Classes of members or stockholder 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
Lucas Meier
Title
President
Phone
6416222288
Signed
2021-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Frank
Formed
1970
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
11
Employees
4
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 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.”

Form 990, Part IX, Line 11G

“Professional fees 4,191 0 0”

Form 990, Part XI, Line 9

“Book/tax adjustment in partnership -263 work opportunity tax credit adj -37 total -300”

Raw XML AppendixShowing 400 of 422 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06862
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05553
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTE COMMUNITY WELFARE & INDUSTRIAL DEVELOPMENT.
IRS990/AllOtherContributionsAmt0520
IRS990/AllOtherExpensesGrp/TotalAmt0255
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JUDY FRANK
IRS990/BooksInCareOfDetail/PhoneNum06416222288
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0112 E WASHINGTON ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0SIGOURNEY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052591
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0330308
IRS990/CashNonInterestBearingGrp/EOYAmt0326250
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompDisqualPersonsGrp/TotalAmt05886
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt022805
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt059195
IRS990/CYOtherExpensesAmt021712
IRS990/CYOtherRevenueAmt06727
IRS990/CYProgramServiceRevenueAmt07662
IRS990/CYRevenuesLessExpensesAmt060153
IRS990/CYSalariesCompEmpBnftPaidAmt014524
IRS990/CYTotalExpensesAmt036236
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt096389
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0142
IRS990/Desc0PROVIDE SERVICES TO ATTRACT AND MAINTAIN BUSINESSES IN COMMUNITY. WE PURCHASED LAND FOR AN INDUSTRIAL PARK AND ARE MARKETING IT. TWO LOTS ARE FILLED. THE REMAINING ACRES ARE BEING RENTED UNTIL THEY ARE FILLED. WE ALSO HAVE PURCHASEED AND SOLD LAND FOR A RETIREMENT COMMUNITY DEVELOPMENT TO HELP IN FREEING-UP HOUSING FOR FAMILIES EMPLOYED IN THE LOCAL BUSINESSES.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt02250
IRS990/FeesForServicesOtherGrp/TotalAmt04191
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1120.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0JUDY FRANK
IRS990/Form990PartVIISectionAGrp/PersonNm1NORMAN ATWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm2KATHARINNA BAIN
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM BATES
IRS990/Form990PartVIISectionAGrp/PersonNm4JEFF GRAFF
IRS990/Form990PartVIISectionAGrp/PersonNm5JODI GREINER
IRS990/Form990PartVIISectionAGrp/PersonNm6LUCAS MEIER
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK SEELEY
IRS990/Form990PartVIISectionAGrp/PersonNm8STACI SHETTLER
IRS990/Form990PartVIISectionAGrp/PersonNm9SHANNON STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm10CASEY THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm11AMBER KEPHART
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt05886
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01970
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt058577
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt06618
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt095000
IRS990/GrossReceiptsAmt0133484
IRS990/GrossRentsGrp/RealAmt06105
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt01345
IRS990/InvestmentIncomeGrp/ExclusionAmt0618
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0618
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010633
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0148535
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0113393
IRS990/LandBldgEquipCostOrOtherBssAmt0124026
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt036423
IRS990/LessRentalExpensesGrp/RealAmt0672
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt015667
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0666394
IRS990/NetAssetsOrFundBalancesEOYAmt0726247
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt058577
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt058577
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05433
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05433
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0666394
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0726247
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt07144
IRS990/OfficeExpensesGrp/TotalAmt02832
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017298
IRS990/OtherAssetsTotalGrp/EOYAmt013495
IRS990/OtherChangesInNetAssetsAmt0-300
IRS990/OtherExpensesGrp/Desc0EXCISE TAX
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3ADVERTISING
IRS990/OtherExpensesGrp/TotalAmt0140
IRS990/OtherExpensesGrp/TotalAmt11785
IRS990/OtherExpensesGrp/TotalAmt21500
IRS990/OtherExpensesGrp/TotalAmt3128
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1PPP LOAN FORGIVENESS
IRS990/OtherRevenueMiscGrp/Desc2BELVA DEER INN LLC
IRS990/OtherRevenueMiscGrp/ExclusionAmt0535
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0716
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt143
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0716
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1535
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt243
IRS990/OtherRevenueTotalAmt01294
IRS990/OtherSalariesAndWagesGrp/TotalAmt05725
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0160360
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0169170
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt02913
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JUDY FRANK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0RLF - INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INCOME KCRL FUND
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07512
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07512
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1150
IRS990/ProgSrvcAccomActy2Grp/Desc0WE MANAGE A REVOLVING LOAN FUND FOR BUSINESSES THAT ARE START-UP OR EXPANDING THEIR BUSINESS IN THE AREA.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt013925
IRS990/PYInvestmentIncomeAmt0633
IRS990/PYOtherExpensesAmt020338
IRS990/PYOtherRevenueAmt015786
IRS990/PYProgramServiceRevenueAmt06866
IRS990/PYRevenuesLessExpensesAmt0-875
IRS990/PYSalariesCompEmpBnftPaidAmt017747
IRS990/PYTotalExpensesAmt038085
IRS990/PYTotalRevenueAmt037210
IRS990/ReconcilationRevenueExpnssAmt060153
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt05433
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0109492
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0113266
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0113266
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0127
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010633
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010760
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0113393
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASSES OF MEMBERS OR STOCKHOLDER 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTION OF BOARD OF DIRECTORS MEMBERS IS DETERMINED BY THE VOTE OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4ALL 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/ExplanationTxt5COMPENSATION IS COMPARED TO SIMILAR POSITIONS IN THE LOCAL MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION IS COMPARED TO SIMILAR POSITIONS IN THE LOCAL MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS INCLUDING THE 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROFESSIONAL FEES 4,191 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BOOK/TAX ADJUSTMENT IN PARTNERSHIP -263 WORK OPPORTUNITY TAX CREDIT ADJ -37 TOTAL -300
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SIGOURNEY
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LANCASTER PROPERTIES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTAT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0122 E WASHINGTON ST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0SIGOURNEY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd052591
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0261570460
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.02530
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0UNRELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0MOTEL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0BELVA DEER INN LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt013495
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt043
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt021638 HWY 92
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0SIGOURNEY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd052591
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0673256
IRS990/TotalAssetsEOYAmt0731800
IRS990/TotalAssetsGrp/BOYAmt0673256
IRS990/TotalAssetsGrp/EOYAmt0731800
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt022805
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt036236
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06862
IRS990/TotalLiabilitiesEOYAmt05553
IRS990/TotalLiabilitiesGrp/BOYAmt06862
IRS990/TotalLiabilitiesGrp/EOYAmt05553
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0666394
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0726247
IRS990/TotalProgramServiceRevenueAmt07662
IRS990/TotalReportableCompFromOrgAmt05886
IRS990/TotalRevenueGrp/ExclusionAmt065163
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08421
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt096389
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0673256
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0731800
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0112 E WASHINGTON ST
IRS990/USAddress/CityNm0SIGOURNEY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052591
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.SIGOURNEY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LUCAS MEIER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06416222288
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SIGOURNEY AREA
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SIGO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$731,800
Liabilities
$5,553
Net assets
$726,247
Revenue
$96,389
Expenses
$36,236
Net income
$60,153
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
2020Detailed filing. Detailed filing data is available for this year.$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