Civic Intelligence

Sac Economic & Tourism Development

EIN 42-1300712 • 501(c)3 • Wall Lake, IA

Profile

Mission is to provide technical & planning assistance to 9 communities & various agencies & organizations in sac county, iowa; promote new & existing businesses; promote tourism attractions & events; attract and retain new business development

108 Boyer St PO Box 327Wall Lake, IA 51466

saccountyiowa.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

11.35x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

37th percentile

-0.5%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$59,740

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 59.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

37th percentile

-0.0%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-3.8%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,893,529

Down $823 (-0.0%) from 2023

Liabilities

Flat

$1,765,300

Flat from 2023

Net Assets

Down

$128,229

Down $823 (-0.6%) from 2023

Revenue

Down

$155,546

Down $6,226 (-3.8%) from 2023

Expenses

Up

$156,369

Up $66,962 (+75%) from 2023

Net Income

Down

-$823

Down $73,188 (-101%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $7,690Liabilities 2012: $02012Assets 2013: $4,650Liabilities 2013: $02013Assets 2014: $43,365Net Assets 2014: $43,3652014Assets 2015: $78,877Net Assets 2015: $78,8772015Assets 2016: $123,246Net Assets 2016: $123,2462016Assets 2017: $125,110Net Assets 2017: $125,1102017Assets 2018: $130,142Net Assets 2018: $130,1422018Assets 2019: $64,934Net Assets 2019: $64,9342019Assets 2020: $44,064Net Assets 2020: $44,0642020Assets 2021: $54,120Net Assets 2021: $54,1202021Assets 2022: $56,687Net Assets 2022: $56,6872022Assets 2023: $1,894,352Liabilities 2023: $1,765,300Net Assets 2023: $129,0522023Assets 2024: $1,893,529Liabilities 2024: $1,765,300Net Assets 2024: $128,2292024

Highlighted filing

2024

Assets$1,893,529
Liabilities$1,765,300
Net Assets$128,229

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2012: $97,319Expenses 2012: $104,573Net Income 2012: -$7,2542012Revenue 2013: $99,322Expenses 2013: $98,408Net Income 2013: $9142013Revenue 2014: $100,588Expenses 2014: $61,873Net Income 2014: $38,7152014Revenue 2015: $115,538Expenses 2015: $81,133Net Income 2015: $34,4052015Revenue 2016: $97,249Expenses 2016: $52,880Net Income 2016: $44,3692016Revenue 2017: $86,005Expenses 2017: $84,141Net Income 2017: $1,8642017Revenue 2018: $98,695Expenses 2018: $93,663Net Income 2018: $5,0322018Revenue 2019: $23,212Expenses 2019: $88,420Net Income 2019: -$65,2082019Revenue 2020: $91,501Expenses 2020: $112,371Net Income 2020: -$20,8702020Revenue 2021: $89,563Expenses 2021: $79,507Net Income 2021: $10,0562021Revenue 2022: $101,098Expenses 2022: $98,531Net Income 2022: $2,5672022Revenue 2023: $161,772Expenses 2023: $89,407Net Income 2023: $72,3652023Revenue 2024: $155,546Expenses 2024: $156,369Net Income 2024: -$8232024

Highlighted filing

2024

Revenue$155,546
Expenses$156,369
Net Income-$823

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$155,546
Mission and Program Overview

Mission

To serve both the private and public sector of economic development and tourism in sac county, iowa

Mission is to provide technical & planning assistance to 9 communities & various agencies & organizations in sac county, iowa; promote new & existing businesses; promote tourism attractions & events

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,742,645$1,742,645→ $0
Cash and Non-Interest-Bearing Accounts$141,132$140,198▼ $934
Savings and Temporary Cash Investments$10,575$10,686▲ $111
Total Assets$1,894,352$1,893,529▼ $823
Liabilities
Unsecured Notes Loans Payable$1,765,300$1,765,300→ $0
Total Liabilities$1,765,300$1,765,300→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$129,052$128,229▼ $823
Total Net Assets Fund Balance$129,052$128,229▼ $823
Total Liabilities and Net Assets / Fund Balance$1,894,352$1,893,529▼ $823

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,739,434-$1,739,434
Other Land Buildings$3,211-$3,211
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brandy WilsonExecutive DirectorFT$63,500$63,500

Board Members and Trustees

NameTitle
Chris MasonPresident
Larry CoonVice President
Cindy FinleyDirector
Jim MickelsonDirector
Jim WisslerDirector
Laurie WestergaardDirector
Theresa BaileyDirector
Dawn PotthoffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$113,115
Program Service Revenue
$0
Investment Income
$111
Other Revenue
$42,320
Change in Net Assets
$-823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,201
Salaries, Compensation, and Employee Benefits$72,168
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$63,500$0$0$63,500
Interest$48,410$0$0$48,410
Travel$6,956$0$0$6,956
Fees for Services Other$6,295$0$0$6,295
Payroll Taxes$4,858$0$0$4,858
Advertising$3,979$0$0$3,979
Pension Plan Contributions$3,810$0$0$3,810
All Other Expenses$3,179$0$0$3,179
Insurance$2,838$0$0$2,838
Conferences and Meetings$1,898$0$0$1,898
Office Expenses$1,716$0$0$1,716
Other Expenses$391$0$0$391
Total Functional Expenses$156,369$0$0$156,369
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
Filing and Contact Details

Filer

Filer Name
Sac Economic & Tourism Development Ltd
EIN
42-1300712
Phone
7126642940
Address
108 BOYER ST PO BOX 327, WALL LAKE, IA 51466

Signing Officer

Name
Chris Mason
Title
President
Phone
7126642940
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Mason
Formed
1987
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
0

Preparer

Firm
Potthoff Tax & Accounting LLC
Address
109 MAIN ST BOX 400, WALL LAKE, IA 51466
Preparer
Dawn Potthoff
Phone
7126642891
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is distributed, reviewed and approved by the Board prior to the Form 990 being filed.

Pt VI, Line 12C

Conflicts of interest are asked to be disclosed at each

Pt VI, Line 12C

Board meeting. In addition, a Conflict of Interest form

Pt VI, Line 12C

is signed by each Board Directer annually.

Pt VI, Line 19

Documents would be available to the public upon request.

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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/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0155546
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010575
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0113115
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0105610
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0101088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt089531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt091326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0500670
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0111
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0176
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0411
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt095503
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99920
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99850
IRS990ScheduleA/PublicSupportTotal170Amt0500670
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0113115
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0105610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0101088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt089531
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt091326
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0500670
IRS990ScheduleA/TotalSupportAmt0501081
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/LandGrp/BookValueAmt01739434
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01739434
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03211
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03211
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01742645
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is distributed, reviewed and approved by the Board prior to the Form 990 being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflicts of interest are asked to be disclosed at each
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board meeting. In addition, a Conflict of Interest form
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3is signed by each Board Directer annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Documents would be available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01894352
IRS990/TotalAssetsEOYAmt01893529
IRS990/TotalAssetsGrp/BOYAmt01894352
IRS990/TotalAssetsGrp/EOYAmt01893529
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0113115
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0156369
IRS990/TotalFunctionalExpensesGrp/TotalAmt0156369
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01765300
IRS990/TotalLiabilitiesEOYAmt01765300
IRS990/TotalLiabilitiesGrp/BOYAmt01765300
IRS990/TotalLiabilitiesGrp/EOYAmt01765300
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0129052
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0128229
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0156369
IRS990/TotalReportableCompFromOrgAmt063500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042431
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0155546
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01894352
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01893529
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt06956
IRS990/TravelGrp/TotalAmt06956
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01765300
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01765300
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02424 IRA AVE
IRS990/USAddress/CityNm0EARLY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050535
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09

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