Civic Intelligence

Siouxland Economic Development Corporation

990 • Fiscal year 2018 • EIN 42-1150060

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 11, 2019

Organization ProfileWWW.SIOUXLANDEDC.COM
617 Pierce St Suite No 202Sioux City, IA 51101

(712) 279-6430

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.36x

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

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

44th percentile

4.2%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$149,160

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

41st percentile

-0.4%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-7.0%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$3,513,617

Down $14,289 (-0.4%) from 2017

Net Assets

Up

$3,232,600

Up $33,001 (+1.0%) from 2017

Liabilities

Down

$281,017

Down $47,290 (-14%) from 2017

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin44th percentile

Revenue

Down

$777,840

Down $58,122 (-7.0%) from 2017

Expenses

Up

$744,839

Up $19,706 (+2.7%) from 2017

Net Income

Down

$33,001

Down $77,828 (-70%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,509,910Liabilities 2011: $384,925Net Assets 2011: $2,124,9852011Assets 2012: $2,689,030Liabilities 2012: $393,849Net Assets 2012: $2,295,1812012Assets 2013: $3,007,118Liabilities 2013: $411,343Net Assets 2013: $2,595,7752013Assets 2014: $3,072,349Liabilities 2014: $318,550Net Assets 2014: $2,753,7992014Assets 2015: $3,263,193Liabilities 2015: $360,141Net Assets 2015: $2,903,0522015Assets 2016: $3,410,513Liabilities 2016: $321,743Net Assets 2016: $3,088,7702016Assets 2017: $3,527,906Liabilities 2017: $328,307Net Assets 2017: $3,199,5992017Assets 2018: $3,513,617Liabilities 2018: $281,017Net Assets 2018: $3,232,6002018Assets 2019: $3,616,540Liabilities 2019: $279,516Net Assets 2019: $3,337,0242019Assets 2020: $3,711,022Liabilities 2020: $302,515Net Assets 2020: $3,408,5072020Assets 2021: $4,408,942Liabilities 2021: $300,089Net Assets 2021: $4,108,8532021Assets 2022: $4,836,914Liabilities 2022: $249,685Net Assets 2022: $4,587,2292022Assets 2023: $4,913,356Liabilities 2023: $213,063Net Assets 2023: $4,700,2932023Assets 2024: $5,152,007Liabilities 2024: $237,899Net Assets 2024: $4,914,1082024

Highlighted filing

2018

Assets$3,513,617
Liabilities$281,017
Net Assets$3,232,600
Open 2018 Filing

Operations Trend

Revenue Growth24th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $702,027Expenses 2011: $769,315Net Income 2011: -$67,2882011Revenue 2012: $883,572Expenses 2012: $850,380Net Income 2012: $33,1922012Expenses 2013: $803,4482013Revenue 2014: $877,564Expenses 2014: $719,540Net Income 2014: $158,0242014Revenue 2015: $895,342Expenses 2015: $746,089Net Income 2015: $149,2532015Revenue 2016: $887,469Expenses 2016: $701,751Net Income 2016: $185,7182016Revenue 2017: $835,962Expenses 2017: $725,133Net Income 2017: $110,8292017Revenue 2018: $777,840Expenses 2018: $744,839Net Income 2018: $33,0012018Revenue 2019: $871,263Expenses 2019: $766,839Net Income 2019: $104,4242019Revenue 2020: $887,949Expenses 2020: $816,466Net Income 2020: $71,4832020Revenue 2021: $1,399,550Expenses 2021: $699,204Net Income 2021: $700,3462021Revenue 2022: $1,221,566Expenses 2022: $743,190Net Income 2022: $478,3762022Revenue 2023: $861,043Expenses 2023: $747,979Net Income 2023: $113,0642023Revenue 2024: $991,613Expenses 2024: $777,798Net Income 2024: $213,8152024

Highlighted filing

2018

Revenue$777,840
Expenses$744,839
Net Income$33,001
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 11, 2019
Return Version
2017v2.3
Gross Receipts
$777,840
Mission and Program Overview

Mission

To further the economic development of the siouxland area through the creation of jobs, by assisting the growth and development of businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,860,426$1,798,922▼ $61,504
Other Notes and Loans Receivable, Net$1,297,473$1,347,550▲ $50,077
Land, Buildings, and Equipment, Net$332,617$318,187▼ $14,430
Cash and Non-Interest-Bearing Accounts$10,494$27,237▲ $16,743
Accounts Receivable$7,752$1,174▼ $6,578
Total Assets$3,527,906$3,513,617▼ $14,289
Other Assets Total$19,144$20,547▲ $1,403
Liabilities
Mortgage Notes Payable Secured by Investment Property$256,887$242,476▼ $14,411
Accounts Payable and Accrued Expenses$71,420$38,541▼ $32,879
Total Liabilities$328,307$281,017▼ $47,290
Net Assets / Fund Balance
Unrestricted Net Assets$1,934,691$1,949,757▲ $15,066
Permanently Rstr Net Assets$1,264,908$1,282,843▲ $17,935
Total Net Assets Fund Balance$3,199,599$3,232,600▲ $33,001
Total Liabilities and Net Assets / Fund Balance$3,527,906$3,513,617▼ $14,289

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$304,013$49,319$353,332
Equipment$14,174$63,864$78,038
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth BeekleyExecutive Vice PresidentFT$133,043$16,117$149,160

Board Members and Trustees

NameTitle
Dusty SmallChair
Merle LongVice-chair
Andy SchmidtDirector
Art SilvaDirector
Brandon KrotzDirector
Dan MooreDirector
Daniel PetersonDirector
Darwin GammDirector
Dick KirchoffDirector
Don KlynsmaDirector
Jason AndersonDirector
Jon WilckeDirector
Kent KolbeDirector
Kyle KonopasekDirector
Rocky De WittDirector
Ron JonesDirector
Sarah HamannDirector
Terry KreiDirector
Timm FunkDirector
Randall KramerSecretary
Grant HaightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$711,153
Investment Income
$66,687
Other Revenue
$0
Change in Net Assets
$33,001

Audited Revenue Reconciliation

Revenue per Audited Statements
$777,840
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$777,840
Total Revenue per Form 990
$777,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$480,509
Other Expenses$230,980
Grants and Similar Amounts Paid$33,350
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$231,188$5,964-$237,152
Current Officers, Directors, Trustees, and Key Employees$101,008$49,751-$150,759
Other Employee Benefits$63,156$1,035-$64,191
Office Expenses$14,773$31,321-$46,094
Grants to Domestic Orgs$33,350--$33,350
Occupancy$21,336$11,773-$33,109
Payroll Taxes$24,564$3,843-$28,407
Fees for Services Accounting-$15,300-$15,300
Fees for Services Management-$15,183-$15,183
Depreciation Depletion-$14,430-$14,430
Insurance-$13,212-$13,212
All Other Expenses$12,246--$12,246
Advertising-$11,005-$11,005
Other Expenses$5,192--$5,192
Interest$2,600--$2,600
Travel$1,385--$1,385
Total Functional Expenses$572,022$172,817$0$744,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$744,839
Total Expenses per Audited Statements$744,839
Total Expenses per Form 990$744,839
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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, Part VI, Section B, Line 11B

“The form 990 was reviewed by kenneth beekley, executive vice president, adam turner, assistant loan officer, and the executive committee.”

Form 990, Part VI, Section B, Line 12C

“The organization constantly monitors to ensure that individuals with a conflict are not involved with projects for which they have conflicts. This periodically may require adjustments to the individual board members participating in loan or servicing committee meetings, should the conflict involve a member of one of those committees. Board members are reminded at each meeting of both the need for confidentiality for the information they are reviewing and also asked if there are any conflicts of interest with any of the matters discussed. If a board member has a conflict it is noted in the minutes and the board member does not vote on the matter.”

Form 990, Part VI, Section B, Line 15A

“The executive committee annually reviews the performance of the organization and approves the executive vice president's salary and any performance bonus.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Siouxland Economic Development
EIN
42-1150060
Phone
7122796430
Address
617 PIERCE ST SUITE NO 202, SIOUX CITY, IA 51101

Signing Officer

Name
Kenneth Beekley
Title
Executive Vice President
Phone
7122796430
Signed
2019-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Beekley
Formed
1979
Legal Domicile
Ia
Voting Board Members
21
Independent Board Members
21
Employees
6
Volunteers
21

Preparer

Firm
King Reinsch Prosser & Co Llp
Address
522 4TH STREET SUITE 200, SIOUX CITY, IA 51101
Preparer
Rebecca George
Phone
7122585550
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 493 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt033350
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt033350
IRS990/GrantsToDomesticOrgsGrp/TotalAmt033350
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0777840
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt013212
IRS990/InsuranceGrp/TotalAmt013212
IRS990/InterestGrp/ProgramServicesAmt02600
IRS990/InterestGrp/TotalAmt02600
IRS990/InvestmentIncomeGrp/ExclusionAmt066687
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt066687
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0113183
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0332617
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0318187
IRS990/LandBldgEquipCostOrOtherBssAmt0431370
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FURTHER THE ECONOMIC DEVELOPMENT OF THE SIOUXLAND AREA THROUGH THE CREATION OF JOBS, BY ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0256887
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0242476
IRS990/NetAssetsOrFundBalancesBOYAmt03199599
IRS990/NetAssetsOrFundBalancesEOYAmt03232600
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt011773
IRS990/OccupancyGrp/ProgramServicesAmt021336
IRS990/OccupancyGrp/TotalAmt033109
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031321
IRS990/OfficeExpensesGrp/ProgramServicesAmt014773
IRS990/OfficeExpensesGrp/TotalAmt046094
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019144
IRS990/OtherAssetsTotalGrp/EOYAmt020547
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01035
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt063156
IRS990/OtherEmployeeBenefitsGrp/TotalAmt064191
IRS990/OtherExpensesGrp/Desc0LOAN CLOSING COSTS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3DUES
IRS990/OtherExpensesGrp/ProgramServicesAmt039749
IRS990/OtherExpensesGrp/ProgramServicesAmt110875
IRS990/OtherExpensesGrp/ProgramServicesAmt210600
IRS990/OtherExpensesGrp/ProgramServicesAmt35192
IRS990/OtherExpensesGrp/TotalAmt039749
IRS990/OtherExpensesGrp/TotalAmt110875
IRS990/OtherExpensesGrp/TotalAmt210600
IRS990/OtherExpensesGrp/TotalAmt35192
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05964
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0231188
IRS990/OtherSalariesAndWagesGrp/TotalAmt0237152
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01297473
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01347550
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03843
IRS990/PayrollTaxesGrp/ProgramServicesAmt024564
IRS990/PayrollTaxesGrp/TotalAmt028407
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01264908
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01282843
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KENNETH BEEKLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc3REIMBURSEMENT OF LOAN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0519656
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt196492
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt271318
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt323687
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0519656
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt196492
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt271318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt323687
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt029000
IRS990/PYInvestmentIncomeAmt044508
IRS990/PYOtherExpensesAmt0228375
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0791454
IRS990/PYRevenuesLessExpensesAmt0110829
IRS990/PYSalariesCompEmpBnftPaidAmt0467758
IRS990/PYTotalExpensesAmt0725133
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0835962
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt033001
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0711153
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01860426
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01798922
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0304013
IRS990ScheduleD/BuildingsGrp/DepreciationAmt049319
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0353332
IRS990ScheduleD/EquipmentGrp/BookValueAmt014174
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063864
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078038
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0744839
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0777840
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0318187
IRS990ScheduleD/TotalExpensesPerForm990Amt0744839
IRS990ScheduleD/TotalRevenuePerForm990Amt0777840
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0777840
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0744839
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY KENNETH BEEKLEY, EXECUTIVE VICE PRESIDENT, ADAM TURNER, ASSISTANT LOAN OFFICER, AND THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CONSTANTLY MONITORS TO ENSURE THAT INDIVIDUALS WITH A CONFLICT ARE NOT INVOLVED WITH PROJECTS FOR WHICH THEY HAVE CONFLICTS. THIS PERIODICALLY MAY REQUIRE ADJUSTMENTS TO THE INDIVIDUAL BOARD MEMBERS PARTICIPATING IN LOAN OR SERVICING COMMITTEE MEETINGS, SHOULD THE CONFLICT INVOLVE A MEMBER OF ONE OF THOSE COMMITTEES. BOARD MEMBERS ARE REMINDED AT EACH MEETING OF BOTH THE NEED FOR CONFIDENTIALITY FOR THE INFORMATION THEY ARE REVIEWING AND ALSO ASKED IF THERE ARE ANY CONFLICTS OF INTEREST WITH ANY OF THE MATTERS DISCUSSED. IF A BOARD MEMBER HAS A CONFLICT IT IS NOTED IN THE MINUTES AND THE BOARD MEMBER DOES NOT VOTE ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE ANNUALLY REVIEWS THE PERFORMANCE OF THE ORGANIZATION AND APPROVES THE EXECUTIVE VICE PRESIDENT'S SALARY AND ANY PERFORMANCE BONUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,513,617
Liabilities
$281,017
Net assets
$3,232,600
Revenue
$777,840
Expenses
$744,839
Net income
$33,001
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.15$0.24$4.91$0.99$0.78$0.21
2023Detailed filing. Detailed filing data is available for this year.$4.91$0.21$4.70$0.86$0.75$0.11
2022Detailed filing. Detailed filing data is available for this year.$4.84$0.25$4.59$1.22$0.74$0.48
2021Detailed filing. Detailed filing data is available for this year.$4.41$0.30$4.11$1.40$0.70$0.70
2020Detailed filing. Detailed filing data is available for this year.$3.71$0.30$3.41$0.89$0.82$0.07
2019Detailed filing. Detailed filing data is available for this year.$3.62$0.28$3.34$0.87$0.77$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.51$0.28$3.23$0.78$0.74$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.53$0.33$3.20$0.84$0.73$0.11
2016Detailed filing. Detailed filing data is available for this year.$3.41$0.32$3.09$0.89$0.70$0.19
2015Detailed filing. Detailed filing data is available for this year.$3.26$0.36$2.90$0.90$0.75$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.07$0.32$2.75$0.88$0.72$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.41$2.60$0.80
2012Summary only. Only limited summary data is available for this year.$2.69$0.39$2.30$0.88$0.85$0.03
2011Summary only. Only limited summary data is available for this year.$2.51$0.38$2.12$0.70$0.77$0.07