Civic Intelligence

Iowa Regional Utilities Association DBA Central Iowa Water Association

990 • Fiscal year 2013 • EIN 42-1089164

Jan 01, 2013 to Dec 31, 2013 • Filed on May 14, 2014

Organization Profilewww.ciawa.com

View Organization Page

1351 Iowa Speedway Drive50208

(641) 792-7011

Siviq Scores

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

Liabilities / Assets

39th percentile

0.55x

Higher debt load relative to assets than 39% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

99th percentile

6.43x

Higher debt load relative to revenue than 99% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2013

Net Margin

76th percentile

5.0%

Higher net margin than 76% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

25th percentile

$225,851

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2013

Asset Growth

11th percentile

0.8%

Faster asset growth than 11% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

2nd percentile

-8.1%

Faster revenue growth than 2% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$143,218,903

Up $1,116,393 (+0.8%) from 2012

Net Assets

Up

$63,987,051

Up $615,536 (+1.0%) from 2012

Liabilities

Up

$79,231,852

Up $500,857 (+0.6%) from 2012

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin76th percentile

Revenue

$12,319,156

No earlier filing loaded for comparison.

Expenses

Up

$11,703,620

Up $561,007 (+5.0%) from 2012

Net Income

$615,536

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$200M$150M$100M$50M$0Assets 2011: $141,638,833Liabilities 2011: $79,311,739Net Assets 2011: $62,327,0942011Assets 2012: $142,102,510Liabilities 2012: $78,730,995Net Assets 2012: $63,371,5152012Assets 2013: $143,218,903Liabilities 2013: $79,231,852Net Assets 2013: $63,987,0512013Assets 2014: $147,017,383Liabilities 2014: $81,622,418Net Assets 2014: $65,394,9652014Assets 2015: $148,729,045Liabilities 2015: $80,758,844Net Assets 2015: $67,970,2012015Assets 2016: $151,362,967Liabilities 2016: $81,231,577Net Assets 2016: $70,131,3902016Assets 2017: $154,536,435Liabilities 2017: $82,977,705Net Assets 2017: $71,558,7302017Assets 2018: $156,427,429Liabilities 2018: $83,159,332Net Assets 2018: $73,268,0972018Assets 2019: $154,587,230Liabilities 2019: $80,677,238Net Assets 2019: $73,909,9922019Assets 2020: $154,905,834Liabilities 2020: $78,236,665Net Assets 2020: $76,669,1692020Assets 2021: $154,093,127Liabilities 2021: $74,889,364Net Assets 2021: $79,203,7632021Assets 2022: $156,136,474Liabilities 2022: $74,880,797Net Assets 2022: $81,255,6772022Assets 2023: $157,625,848Liabilities 2023: $73,017,314Net Assets 2023: $84,608,5342023Assets 2024: $158,121,243Liabilities 2024: $71,569,064Net Assets 2024: $86,552,1792024

Highlighted filing

2013

Assets$143,218,903
Liabilities$79,231,852
Net Assets$63,987,051
Open 2013 Filing

Operations Trend

Revenue Growth2nd percentile

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

$20M$15M$10M$5.0M$0Revenue 2011: $14,589,525Expenses 2011: $11,087,412Net Income 2011: $3,502,1132011Expenses 2012: $11,142,6132012Revenue 2013: $12,319,156Expenses 2013: $11,703,620Net Income 2013: $615,5362013Revenue 2014: $14,078,564Expenses 2014: $12,670,650Net Income 2014: $1,407,9142014Revenue 2015: $12,850,661Expenses 2015: $11,592,322Net Income 2015: $1,258,3392015Revenue 2016: $14,202,714Expenses 2016: $12,041,525Net Income 2016: $2,161,1892016Revenue 2017: $13,391,927Expenses 2017: $11,964,587Net Income 2017: $1,427,3402017Revenue 2018: $14,479,878Expenses 2018: $12,770,511Net Income 2018: $1,709,3672018Revenue 2019: $13,798,597Expenses 2019: $13,156,702Net Income 2019: $641,8952019Revenue 2020: $15,911,411Expenses 2020: $13,152,234Net Income 2020: $2,759,1772020Revenue 2021: $16,478,418Expenses 2021: $13,943,824Net Income 2021: $2,534,5942021Revenue 2022: $16,368,127Expenses 2022: $14,316,213Net Income 2022: $2,051,9142022Revenue 2023: $18,787,490Expenses 2023: $15,434,633Net Income 2023: $3,352,8572023Revenue 2024: $18,045,922Expenses 2024: $16,102,277Net Income 2024: $1,943,6452024

Highlighted filing

2013

Revenue$12,319,156
Expenses$11,703,620
Net Income$615,536
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 14, 2014
Return Version
2013v3.1
Gross Receipts
$12,386,191
Mission and Program Overview

Mission

Provide water and wastewater collection and treatment services to rural residents, small communities, developments, recreational facilities and rural-based businesses throughout central and northeast iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$131,455,514$132,176,849▲ $721,335
Investments Other Securities$3,027,860$3,059,748▲ $31,888
Accounts Receivable$2,323,909$2,473,390▲ $149,481
Savings and Temporary Cash Investments$2,302,253$2,398,018▲ $95,765
Investments in Publicly Traded Securities$1,800,015$1,755,536▼ $44,479
Inventories for Sale or Use$814,608$975,092▲ $160,484
Prepaid Expenses and Deferred Charges$378,051$379,970▲ $1,919
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$142,102,510$143,218,903▲ $1,116,393
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$77,443,129$78,037,529▲ $594,400
Accounts Payable and Accrued Expenses$1,287,866$1,194,323▼ $93,543
Total Liabilities$78,730,995$79,231,852▲ $500,857
Net Assets / Fund Balance
Unrestricted Net Assets$59,571,467$59,845,781▲ $274,314
Temporarily Rstr Net Assets$3,800,048$4,141,270▲ $341,222
Total Net Assets Fund Balance$63,371,515$63,987,051▲ $615,536
Total Liabilities and Net Assets / Fund Balance$142,102,510$143,218,903▲ $1,116,393

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$129,109,413$40,090,756$169,200,169
Equipment$1,491,935$6,069,541$7,561,476
Buildings$903,875$600,068$1,503,943
Land$631,891-$631,891
Other Land Buildings$39,735$568,026$607,761
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James LaplantCEO/engineerFT$149,971$75,880$225,851
Daniel BrandtVice-president-$2,500-$2,500
Delwin Van ZanteSecretary-$2,500-$2,500
Janice JontzTreasurer-$2,500-$2,500
Ron DunsbergenPresident-$2,500-$2,500
Virtus BrockmanBoard Member-$2,500-$2,500
Curt MackieBoard Member-$2,400-$2,400
Donald StruthersBoard Member-$2,400-$2,400
Gene WiemersBoard Member-$2,300-$2,300
Gordon EnyartBoard Member-$2,300-$2,300

Highest Paid Contractors

ContractorServicesLocationCompensation
Jr StelzerTower Work-$544,113
-Construction-$235,110
Morris & CoTower Painting-$184,900
Revenue and Support

Revenue Composition

Contributions and Grants
$594,656
Program Service Revenue
$10,942,270
Investment Income
$667,118
Other Revenue
$115,112
Change in Net Assets
$615,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,319,156
Revenue Not Reported on Form 990
$44,998
Total Revenue per Audited Statements
$12,364,154
Total Revenue per Form 990
$12,319,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,381,564
Salaries, Compensation, and Employee Benefits$1,322,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$3,743,990
Interest---$2,778,808
Other Salaries and Wages---$879,770
All Other Expenses---$731,818
Current Officers, Directors, Trustees, and Key Employees---$216,871
Other Expenses---$137,346
Insurance---$122,440
Payroll Taxes---$108,893
Other Employee Benefits---$107,673
Fees for Services Legal---$89,888
Fees for Services Other---$50,481
Office Expenses---$25,130
Information Technology---$19,790
Pension Plan Contributions---$8,849
Fees for Services Lobbying---$7,500
Travel---$4,156
Total Functional Expenses$0$0$0$11,703,620

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,748,618
Expenses per Audited Statements$11,703,620
Total Expenses per Form 990$11,703,620
Expenses Not Reported on Form 990$44,998
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Iowa Rural Water AssociationBoard MemberDues to OrganizationNo$25,433

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The initial review of the Form 990 is performed by the CEO and the Treasurer. The Board of the Directors is informed of the review at a subsequent Board meeting.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“A subcommittee of the Board periodically reviews compensation for other water associations and districts. In addition, the CEO provides engineering services to the Association and the subcommittee obtains comparable data from engineering companies when possible. This information is incorporated into discussions regarding the renewal of the CEO contract and agreed upon compensation is documented in that contract which is signed by a member of the executive committee.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents are available upon request.”

Filing and Contact Details

Filer

EIN
42-1089164
Phone
6417927011

Signing Officer

Name
James Laplant
Title
CEO/engineer
Signed
2014-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Dunsbergen
Formed
1977
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
0
Employees
63

Preparer

Preparer
Julie M Kroll CPA
Phone
5152708080
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Association files its exempt income tax returns in the U.S. federal and Iowa jurisdictions. The Associations policy is to annually consider the positions reflected on their exempt tax return with code, rules and regulations and record the accrual of income taxes based on this evaluation. The Association has evaluated its tax positions taken on the years open to examination 2010 - 2013 and has determined that there is no significant uncertainty regarding the timing of amounts or deductions claimed on the tax returns. Therefore, no reconciliation of unrecognized tax benefits is reflected. If the Association had determined a liability was necessary any related potential interest expense and penalties would be charged to operations.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“UBIT EXPENSES $44998”

Part XII, Line 2D: Other expenses and losses per audited F/S

“UBIT EXPENSES $44998”

Raw XML AppendixShowing 400 of 498 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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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0275219
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0594656
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0297256
IRS990/GrossReceiptsAmt012386191
IRS990/GrossRentsGrp/PersonalAmt074650
IRS990/GrossRentsGrp/RealAmt023059
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt019790
IRS990/InsuranceGrp/TotalAmt0122440
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt02778808
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0814608
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0975092
IRS990/InvestmentIncomeGrp/ExclusionAmt0391899
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0391899
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03027860
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03059748
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01800015
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01755536
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt047328391
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0131455514
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0132176849
IRS990/LandBldgEquipCostOrOtherBssAmt0179505240
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt022037
IRS990/LessRentalExpensesGrp/PersonalAmt044998
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt010965447
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt016128
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt016128
IRS990/MissionDesc0PROVIDE WATER AND WASTEWATER COLLECTION AND TREATMENT SERVICES TO RURAL RESIDENTS, SMALL COMMUNITIES, DEVELOPMENTS, RECREATIONAL FACILITIES AND RURAL-BASED BUSINESSES THROUGHOUT CENTRAL AND NORTHEAST IOWA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt077443129
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt078037529
IRS990/NetAssetsOrFundBalancesBOYAmt063371515
IRS990/NetAssetsOrFundBalancesEOYAmt063987051
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0275219
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0275219
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt023059
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt052711
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt029652
IRS990/NetUnrelatedBusTxblIncmAmt028652
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt025130
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0107673
IRS990/OtherExpensesGrp/Desc0WATER PURCHASED
IRS990/OtherExpensesGrp/Desc1FEMA GRANT EXP
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3FUEL, OIL, TIRES
IRS990/OtherExpensesGrp/TotalAmt01505054
IRS990/OtherExpensesGrp/TotalAmt1652751
IRS990/OtherExpensesGrp/TotalAmt2512412
IRS990/OtherExpensesGrp/TotalAmt3137346
IRS990/OtherRevenueMiscGrp/Desc0BANK FEES CORRECTION
IRS990/OtherRevenueMiscGrp/Desc1MAINTENANCE FEES
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt027550
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt110120
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt28603
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027550
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt110120
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt28603
IRS990/OtherRevenueTotalAmt062401
IRS990/OtherSalariesAndWagesGrp/TotalAmt0879770
IRS990/OtherSourcesGrossIncomeAmt0804051
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0108893
IRS990/PensionPlanContributionsGrp/TotalAmt08849
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0378051
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0379970
IRS990/PrincipalOfficerNm0RON DUNSBERGEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE AND SUPPLY SALES
IRS990/ProgramServiceRevenueGrp/Desc2WATER SOLD AND SEWER SERV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0358673
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt178621
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210504976
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0358673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt178621
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210504976
IRS990/ProgSrvcAccomActy2Grp/Desc0ONLY ONE EXEMPT PURPOSE SAME AS ABOVE.
IRS990/ProgSrvcAccomActy3Grp/Desc0ONLY ONE EXEMPT PURPOSE SAME AS ABOVE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0196250
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01050992
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt09757406
IRS990/PYOtherRevenueAmt0113266
IRS990/PYProgramServiceRevenueAmt011042026
IRS990/PYRevenuesLessExpensesAmt01259921
IRS990/PYSalariesCompEmpBnftPaidAmt01385207
IRS990/PYTotalExpensesAmt011142613
IRS990/PYTotalRevenueAmt012402534
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0615536
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt029652
IRS990/RentalIncomeOrLossGrp/RealAmt023059
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02302253
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02398018
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0903875
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0600068
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01503943
IRS990ScheduleD/EquipmentGrp/BookValueAmt01491935
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06069541
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07561476
IRS990ScheduleD/ExpensesNotReportedAmt044998
IRS990ScheduleD/ExpensesSubtotalAmt011703620
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0631891
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0631891
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0129109413
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt040090756
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0169200169
IRS990ScheduleD/OtherExpensesIncludedAmt044998
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039735
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0568026
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0607761
IRS990ScheduleD/OtherRevenueAmt044998
IRS990ScheduleD/RevenueNotReportedAmt044998
IRS990ScheduleD/RevenueSubtotalAmt012319156
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association files its exempt income tax returns in the U.S. federal and Iowa jurisdictions. The Associations policy is to annually consider the positions reflected on their exempt tax return with code, rules and regulations and record the accrual of income taxes based on this evaluation. The Association has evaluated its tax positions taken on the years open to examination 2010 - 2013 and has determined that there is no significant uncertainty regarding the timing of amounts or deductions claimed on the tax returns. Therefore, no reconciliation of unrecognized tax benefits is reflected. If the Association had determined a liability was necessary any related potential interest expense and penalties would be charged to operations.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UBIT EXPENSES $44998
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2UBIT EXPENSES $44998
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0132176849
IRS990ScheduleD/TotalExpensesPerForm990Amt011703620
IRS990ScheduleD/TotalRevenuePerForm990Amt012319156
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012364154
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011748618
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0149971
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount045000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt03074
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027806
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES LAPLANT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/ENGINEER

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$143,218,903
Liabilities
$79,231,852
Net assets
$63,987,051
Revenue
$12,319,156
Expenses
$11,703,620
Net income
$615,536
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$158$71.6$86.6$18.0$16.1$1.94
2023Detailed filing. Detailed filing data is available for this year.$158$73.0$84.6$18.8$15.4$3.35
2022Detailed filing. Detailed filing data is available for this year.$156$74.9$81.3$16.4$14.3$2.05
2021Detailed filing. Detailed filing data is available for this year.$154$74.9$79.2$16.5$13.9$2.53
2020Detailed filing. Detailed filing data is available for this year.$155$78.2$76.7$15.9$13.2$2.76
2019Detailed filing. Detailed filing data is available for this year.$155$80.7$73.9$13.8$13.2$0.64
2018Detailed filing. Detailed filing data is available for this year.$156$83.2$73.3$14.5$12.8$1.71
2017Summary only. Only limited summary data is available for this year.$155$83.0$71.6$13.4$12.0$1.43
2016Summary only. Only limited summary data is available for this year.$151$81.2$70.1$14.2$12.0$2.16
2015Detailed filing. Detailed filing data is available for this year.$149$80.8$68.0$12.9$11.6$1.26
2014Detailed filing. Detailed filing data is available for this year.$147$81.6$65.4$14.1$12.7$1.41
2013Detailed filing. Detailed filing data is available for this year.$143$79.2$64.0$12.3$11.7$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$78.7$63.4$11.1
2011Summary only. Only limited summary data is available for this year.$142$79.3$62.3$14.6$11.1$3.50