Civic Intelligence

Sigourney Area Development Corporation

990 • Fiscal year 2022 • EIN 42-1084764

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

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

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.11x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

90th percentile

31%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

48th percentile

$10,151

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 21.8% of source-year revenue.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Asset Growth

48th percentile

1.7%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

40th percentile

5.0%

Faster revenue growth than 40% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$759,196

Up $12,706 (+1.7%) from 2021

Net Assets

Up

$754,195

Up $14,339 (+1.9%) from 2021

Liabilities

Down

$5,001

Down $1,633 (-25%) from 2021

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin90th percentile

Revenue

Up

$46,488

Up $2,221 (+5.0%) from 2021

Expenses

Up

$32,149

Up $1,491 (+4.9%) from 2021

Net Income

Up

$14,339

Up $730 (+5.4%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2022

Assets$759,196
Liabilities$5,001
Net Assets$754,195
Open 2022 Filing

Operations Trend

Revenue Growth40th 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

2022

Revenue$46,488
Expenses$32,149
Net Income$14,339
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$86,965
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$358,390$332,891▼ $25,499
Other Notes and Loans Receivable, Net$149,602$186,318▲ $36,716
Savings and Temporary Cash Investments$109,652$126,709▲ $17,057
Land, Buildings, and Equipment, Net$113,300$113,278▼ $22
Total Assets$746,490$759,196▲ $12,706
Other Assets Total$15,546--
Liabilities
Accounts Payable and Accrued Expenses$6,634$5,001▼ $1,633
Total Liabilities$6,634$5,001▼ $1,633
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$739,856$754,195▲ $14,339
Total Net Assets Fund Balance$739,856$754,195▲ $14,339
Total Liabilities and Net Assets / Fund Balance$746,490$759,196▲ $12,706

Asset Categories

AssetBook ValueDepreciationBasis
Land$113,265-$113,265
Equipment$13$10,747$10,760
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Holly Van VoltenburgTreasurerPT$10,151$10,151

Board Members and Trustees

NameTitle
Jeff GraffPresident
Amanda SnakenbergDirector
Darian GraffDirector
Hunter BrunsDirector
Liz LoneyDirector
Lucas MeierDirector
Shannon StevensDirector
Gary LosbakerExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$14,718
Program Service Revenue
$6,526
Investment Income
$2,744
Other Revenue
$22,500
Change in Net Assets
$14,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,359
Salaries, Compensation, and Employee Benefits$13,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$10,151
Occupancy---$8,591
Office Expenses---$3,075
Other Salaries and Wages---$2,658
Insurance---$1,778
Fees for Services Accounting---$1,506
Advertising---$1,461
Payroll Taxes---$981
Fees for Services Other---$757
Conferences and Meetings---$216
Depreciation Depletion---$21
Interest---$7
Other Expenses---$5
Total Functional Expenses$0$0$0$32,149
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$25,750
Gaming Direct Expenses$14,340
Fundraising Gross Income$12,581
Fundraising Direct Expenses$5,283
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
Jeff Graff
Title
President
Phone
6416222288
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Graff
Formed
1970
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
8
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 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 developyment activities.”

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IRS990/MissionDesc0PROMOTE COMUNITY 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 DEVELOPYMENT ACTIVITIES.
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IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt025750
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt011410
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt04340
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE COMUNITY 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 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/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
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LANCASTER PROPERTIES LLC
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$759,196
Liabilities
$5,001
Net assets
$754,195
Revenue
$46,488
Expenses
$32,149
Net income
$14,339
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