Civic Intelligence

Southern Iowa Development Group Inc.

990 • Fiscal year 2019 • EIN 42-1301169

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 10, 2020

101 East Montgomery StreetCreston, IA 50801

(641) 782-8491

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

1.03x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

23rd percentile

-7.8%

Higher net margin than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

40th percentile

0.2%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

26%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,241,342

Up $4,091 (+0.2%) from 2018

Net Assets

Down

$2,182,615

Down $4,482 (-0.2%) from 2018

Liabilities

Up

$58,727

Up $8,573 (+17%) from 2018

Revenue

Up

$57,213

Up $11,683 (+26%) from 2018

Expenses

Up

$61,695

Up $8,100 (+15%) from 2018

Net Income

Up

-$4,482

Up $3,583 (+44%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,024,233Liabilities 2011: $59,268Net Assets 2011: $1,964,9652011Assets 2012: $2,298,101Liabilities 2012: $83,355Net Assets 2012: $2,214,7462012Assets 2013: $2,244,597Liabilities 2013: $143,548Net Assets 2013: $2,101,0492013Assets 2014: $2,228,108Liabilities 2014: $108,869Net Assets 2014: $2,119,2392014Assets 2015: $2,176,020Liabilities 2015: $35,351Net Assets 2015: $2,140,6692015Assets 2016: $2,217,136Liabilities 2016: $52,856Net Assets 2016: $2,164,2802016Assets 2017: $2,247,280Liabilities 2017: $52,118Net Assets 2017: $2,195,1622017Assets 2018: $2,237,251Liabilities 2018: $50,154Net Assets 2018: $2,187,0972018Assets 2019: $2,241,342Liabilities 2019: $58,727Net Assets 2019: $2,182,6152019Assets 2020: $2,059,739Liabilities 2020: $44,469Net Assets 2020: $2,015,2702020Assets 2021: $3,072,784Liabilities 2021: $56,682Net Assets 2021: $3,016,1022021Assets 2022: $3,298,047Liabilities 2022: $106,662Net Assets 2022: $3,191,3852022Assets 2023: $3,309,527Liabilities 2023: $85,849Net Assets 2023: $3,223,6782023Assets 2024: $3,320,024Liabilities 2024: $69,908Net Assets 2024: $3,250,1162024

Highlighted filing

2019

Assets$2,241,342
Liabilities$58,727
Net Assets$2,182,615

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $45,1982011Expenses 2012: $66,6312012Revenue 2013: $106,547Expenses 2013: $220,244Net Income 2013: -$113,6972013Revenue 2014: $73,381Expenses 2014: $55,191Net Income 2014: $18,1902014Revenue 2015: $49,236Expenses 2015: $36,673Net Income 2015: $12,5632015Revenue 2016: $51,964Expenses 2016: $28,353Net Income 2016: $23,6112016Revenue 2017: $141,321Expenses 2017: $110,439Net Income 2017: $30,8822017Revenue 2018: $45,530Expenses 2018: $53,595Net Income 2018: -$8,0652018Revenue 2019: $57,213Expenses 2019: $61,695Net Income 2019: -$4,4822019Revenue 2020: $50,012Expenses 2020: $217,357Net Income 2020: -$167,3452020Revenue 2021: $1,218,637Expenses 2021: $217,805Net Income 2021: $1,000,8322021Revenue 2022: $233,910Expenses 2022: $58,627Net Income 2022: $175,2832022Revenue 2023: $70,030Expenses 2023: $37,737Net Income 2023: $32,2932023Revenue 2024: $61,886Expenses 2024: $35,448Net Income 2024: $26,4382024

Highlighted filing

2019

Revenue$57,213
Expenses$61,695
Net Income-$4,482
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 10, 2020
Return Version
2018v3.1
Gross Receipts
$57,213
Mission and Program Overview

Mission

To further the economic development of the region, to promote and assist the growth and development of business and to stimulate business opportunities in the counties of adair, adams, clarke, decatur, union, madison, ringgold, and taylor in southern iowa.

To further the economic development of the region, to promote and assistthe growth and development of business and to stimulate businessopportunities in the counties of adair, adams, clarke, decatur, union,madison, ringgold, and taylor in southern iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,187,097$2,182,615▼ $4,482
Investments Program Related$1,363,835$1,136,592▼ $227,243
Savings and Temporary Cash Investments$867,035$1,098,481▲ $231,446
Cash and Non-Interest-Bearing Accounts$6,381$6,269▼ $112
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,237,251$2,241,342▲ $4,091
Liabilities
Accounts Payable and Accrued Expenses$50,154$58,727▲ $8,573
Total Liabilities$50,154$58,727▲ $8,573
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,187,097$2,182,615▼ $4,482
Total Liabilities and Net Assets / Fund Balance$2,237,251$2,241,342▲ $4,091

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,136,592--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan ChristensenChair
John TwomblyVice - Chair
Beth WaddleDirector
Diane FitchDirector
Doug BirtDirector
Doug DavidsonDirector
Lyle MinnickDirector
Marvin MccannDirector
Michelle TullbergDirector
Tom LesanDirector
William TrickeyDirector
Timothy OstroskiExecutive Director
Karen ZabelSecretary
Ron RileyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,905
Investment Income
$5,308
Other Revenue
$0
Change in Net Assets
$-4,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,173--$1,173
Fees for Services Legal$597--$597
Total Functional Expenses$61,695$0$0$61,695
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Is reviewed by the executive director, and then the complete form 990 is mailed to the board members for review prior to the executive board meeting. The form 990 is discussed by the executive board members, during the executive board meeting, prior to approval.

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

Conflict of interest form is distributed to the board members annually for review and signature on certification form that no perceived or actual conflict exists.

Form 990, Part VI, Section C, Line 19

Available to the public upon request, during normal business hours.

Filing and Contact Details

Filer

Filer Name
Southern Iowa Development Group Inc
EIN
42-1301169
Phone
6417828491
Address
101 EAST MONTGOMERY STREET, CRESTON, IA 50801

Signing Officer

Name
Timothy Ostroski
Title
Executive Director
Phone
6417828491
Signed
2020-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Ostroski
Formed
1987
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Faller Kincheloe & Co Plc
Address
2721 SW 30TH ST, DES MOINES, IA 50321
Preparer
Ryan Roof
Phone
5153625672
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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-4482
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt046912
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02187097
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02182615
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0867035
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01098481
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04859
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt011100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt015959
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05308
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03059
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02787
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02005
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014785
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt051905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt042471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0138534
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt045479
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt036131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0314520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05308
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02787
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01626
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02005
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014785
IRS990ScheduleA/InvestmentIncomeCYPct00.04280
IRS990ScheduleA/InvestmentIncomePYPct00.02750
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95720
IRS990ScheduleA/PublicSupportPY509Pct00.97250
IRS990ScheduleA/PublicSupportTotal509Amt0330479
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt051905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt042471
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0138534
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt050338
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt047231
IRS990ScheduleA/Total509Grp/TotalAmt0330479
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt057213
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt045530
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0141321
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt051964
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt049236
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0345264
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01136592
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LOANS RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt01136592
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IS REVIEWED BY THE EXECUTIVE DIRECTOR, AND THEN THE COMPLETE FORM 990 IS MAILED TO THE BOARD MEMBERS FOR REVIEW PRIOR TO THE EXECUTIVE BOARD MEETING. THE FORM 990 IS DISCUSSED BY THE EXECUTIVE BOARD MEMBERS, DURING THE EXECUTIVE BOARD MEETING, PRIOR TO APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST FORM IS DISTRIBUTED TO THE BOARD MEMBERS ANNUALLY FOR REVIEW AND SIGNATURE ON CERTIFICATION FORM THAT NO PERCEIVED OR ACTUAL CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE TO THE PUBLIC UPON REQUEST, DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02237251
IRS990/TotalAssetsEOYAmt02241342
IRS990/TotalAssetsGrp/BOYAmt02237251
IRS990/TotalAssetsGrp/EOYAmt02241342
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt061695
IRS990/TotalFunctionalExpensesGrp/TotalAmt061695
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050154
IRS990/TotalLiabilitiesEOYAmt058727
IRS990/TotalLiabilitiesGrp/BOYAmt050154
IRS990/TotalLiabilitiesGrp/EOYAmt058727
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02187097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02182615
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt061695
IRS990/TotalProgramServiceRevenueAmt051905
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt057213
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt057213
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02237251
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02241342
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0101 EAST MONTGOMERY
IRS990/USAddress/CityNm0CRESTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050801
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0SICOG.COM/AFFILIATES/SIDG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY OSTROSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06417828491
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN IOWA DEVELOPMENT GROUP INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0421301169
ReturnHeader/Filer/PhoneNum06417828491
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 EAST MONTGOMERY STREET
ReturnHeader/Filer/USAddress/CityNm0CRESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050801
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F11674D9D1BC20BB45A1A5F8BED8F3E03C69E015
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.40.241.10
ReturnHeader/FilingSecurityInformation/IPDt02020-02-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm019:14:07
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261600907
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FALLER KINCHELOE & CO PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02721 SW 30TH ST

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.32$0.07$3.25$0.06$0.04$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.09$3.22$0.07$0.04$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.11$3.19$0.23$0.06$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.07$0.06$3.02$1.22$0.22$1.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.04$2.02$0.05$0.22$0.17
2019Detailed filing. Detailed filing data is available for this year.$2.24$0.06$2.18$0.06$0.06$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.05$2.19$0.05$0.05$0.01
2017Summary only. Only limited summary data is available for this year.$2.25$0.05$2.20$0.14$0.11$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.22$0.05$2.16$0.05$0.03$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.18$0.04$2.14$0.05$0.04$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.11$2.12$0.07$0.06$0.02
2013Summary only. Only limited summary data is available for this year.$2.24$0.14$2.10$0.11$0.22$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.08$2.21$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.06$1.96$0.05