Civic Intelligence

Audubon County Economic Development Corporation

990 • Fiscal year 2017 • EIN 42-1303726

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 10, 2017

Organization ProfileWWW.AUDUBONCOUNTY.COM
800 Market StreetAudubon, IA 50025-1050

(712) 563-2742

Siviq Scores

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

Liabilities / Assets

37th percentile

0.00x

Higher debt load relative to assets than 37% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

0.01x

Higher debt load relative to revenue than 40% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Net Margin

64th percentile

14%

Higher net margin than 64% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

23rd percentile

-4.0%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

7.8%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$549,120

Down $22,770 (-4.0%) from 2016

Net Assets

Up

$548,196

Up $15,226 (+2.9%) from 2016

Liabilities

Down

$924

Down $37,996 (-98%) from 2016

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin64th percentile

Revenue

Up

$111,954

Up $8,094 (+7.8%) from 2016

Expenses

Up

$96,728

Up $23,330 (+32%) from 2016

Net Income

Down

$15,226

Down $15,236 (-50%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $445,630Liabilities 2012: $02012Assets 2013: $440,906Liabilities 2013: $02013Assets 2014: $467,752Liabilities 2014: $02014Assets 2015: $517,449Liabilities 2015: $0Net Assets 2015: $517,4492015Assets 2016: $571,890Liabilities 2016: $38,920Net Assets 2016: $532,9702016Assets 2017: $549,120Liabilities 2017: $924Net Assets 2017: $548,1962017Assets 2018: $404,229Liabilities 2018: $3,366Net Assets 2018: $400,8632018Assets 2019: $374,631Liabilities 2019: $6,500Net Assets 2019: $368,1312019Assets 2020: $413,181Liabilities 2020: $93Net Assets 2020: $413,0882020Assets 2021: $533,348Liabilities 2021: $39Net Assets 2021: $533,3092021Assets 2022: $1,644,626Liabilities 2022: $216Net Assets 2022: $1,644,4102022Assets 2023: $1,295,252Liabilities 2023: $956Net Assets 2023: $1,294,2962023Assets 2024: $1,252,572Liabilities 2024: $956Net Assets 2024: $1,251,6162024Assets 2025: $1,570,471Liabilities 2025: $423,405Net Assets 2025: $1,147,0662025

Highlighted filing

2017

Assets$549,120
Liabilities$924
Net Assets$548,196
Open 2017 Filing

Operations Trend

Revenue Growth64th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $120,563Expenses 2012: $89,900Net Income 2012: $30,6632012Revenue 2013: $95,360Expenses 2013: $100,084Net Income 2013: -$4,7242013Revenue 2014: $129,086Expenses 2014: $127,049Net Income 2014: $2,0372014Revenue 2015: $125,142Expenses 2015: $75,445Net Income 2015: $49,6972015Revenue 2016: $103,860Expenses 2016: $73,398Net Income 2016: $30,4622016Revenue 2017: $111,954Expenses 2017: $96,728Net Income 2017: $15,2262017Revenue 2018: $519,299Expenses 2018: $666,632Net Income 2018: -$147,3332018Revenue 2019: $159,238Expenses 2019: $191,970Net Income 2019: -$32,7322019Revenue 2020: $132,154Expenses 2020: $92,390Net Income 2020: $39,7642020Revenue 2021: $194,148Expenses 2021: $210,343Net Income 2021: -$16,1952021Revenue 2022: $1,294,819Expenses 2022: $170,952Net Income 2022: $1,123,8672022Revenue 2023: $117,027Expenses 2023: $476,632Net Income 2023: -$359,6052023Revenue 2024: $155,186Expenses 2024: $204,978Net Income 2024: -$49,7922024Revenue 2025: $488,573Expenses 2025: $507,177Net Income 2025: -$18,6042025

Highlighted filing

2017

Revenue$111,954
Expenses$96,728
Net Income$15,226
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 10, 2017
Return Version
2016v3.0
Gross Receipts
$307,204
Mission and Program Overview

Mission

Assist existing county businesses with retention and expansion; solicit new businesses; create and acquire space for new businesses; and enchance the quality of life in audubon county, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$368,793$408,535▲ $39,742
Land, Buildings, and Equipment, Net$199,383$136,872▼ $62,511
Total Assets$571,889$549,120▼ $22,769
Other Assets Total$3,713$3,713→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$38,789--
Accounts Payable and Accrued Expenses$130$924▲ $794
Total Liabilities$38,919$924▼ $37,995
Net Assets / Fund Balance
Unrestricted Net Assets$532,970$548,196▲ $15,226
Total Net Assets Fund Balance$532,970$548,196▲ $15,226
Total Liabilities and Net Assets / Fund Balance$571,889$549,120▼ $22,769

Asset Categories

AssetBook ValueDepreciationBasis
Land$136,872--
Other Assets Org$3,713--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Troy D WesselPresident
Todd NelsenVice President
Bryan OlsonDirector
Clark KauffmanDirector
Jay NelsonDirector
Joseph T RasmussenDirector
LYLE HANSEN JrDirector
Margee ShafferDirector
Steve SchmitzDirector
Sarah GomezExecutive Director
Jason HockerSecretary
Brett IrlmeierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$110,942
Program Service Revenue
$0
Investment Income
$857
Other Revenue
$155
All Other Contributions
$39,200
Change in Net Assets
$15,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$63,033
Salaries, Compensation, and Employee Benefits$17,495
Other Expenses$16,200
Total Fundraising Expense$900
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$54,266--$54,266
Other Salaries and Wages-$15,516-$15,516
Grants to Domestic Individuals$8,767--$8,767
Fees for Services Other-$4,250-$4,250
Occupancy-$3,706-$3,706
Office Expenses-$2,976$612$3,588
Insurance-$1,829-$1,829
Payroll Taxes-$1,332-$1,332
Other Expenses-$800-$800
Information Technology-$750-$750
Other Employee Benefits-$647-$647
Advertising--$288$288
Travel-$129-$129
Total Functional Expenses$63,033$32,795$900$96,728
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Board reviews financial statements monthly and form 990 annually, prior to submission”

Governing documents etc available to public Part VI line 19

“The governing documents and board minutes are available upon request.”

Filing and Contact Details

Filer

Filer Name
Audubon County Economic Development
EIN
42-1303726
Address
800 MARKET STREET, Audubon, IA 50025-1050

Signing Officer

Name
Troy D Wessel
Title
President
Phone
7125632742
Signed
2017-08-10
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
0
Employees
1

Preparer

Firm
Rasmussen Nelson & Wonio PLC
Address
112 W Washington Street, Exira, IA 50076
Preparer
Joseph Rasmussen
Phone
7122685357
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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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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0136872
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03713
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS FINANCIAL STATEMENTS MONTHLY AND FORM 990 ANNUALLY, PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS AND BOARD MINUTES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0549120
IRS990/TotalAssetsGrp/BOYAmt0571889
IRS990/TotalAssetsGrp/EOYAmt0549120
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0110942
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0900
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032795
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt063033
IRS990/TotalFunctionalExpensesGrp/TotalAmt096728
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038919
IRS990/TotalLiabilitiesEOYAmt0924
IRS990/TotalLiabilitiesGrp/BOYAmt038919
IRS990/TotalLiabilitiesGrp/EOYAmt0924
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0532970
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0548196
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt063033
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01012
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0111954
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0571889
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0549120
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0129
IRS990/TravelGrp/TotalAmt0129
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0532970
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0548196
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.AUDUBONCOUNTY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Troy D Wessel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07125632742
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AUDUBON COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0AUDU
ReturnHeader/Filer/EIN0421303726
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 MARKET STREET
ReturnHeader/Filer/USAddress/CityNm0Audubon
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0500251050
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0013916821778E3CE4EC67657BFD687E78ABE6222
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0013916821778E3CE4EC67657BFD687E78ABE6222
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId04248012017314ee1umfl
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-11-10
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0199.120.115.179
ReturnHeader/FilingSecurityInformation/IPDt02017-11-10
ReturnHeader/FilingSecurityInformation/IPTm009:56:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0812683639
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rasmussen Nelson & Wonio PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0112 W Washington Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Exira
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050076
ReturnHeader/PreparerPersonGrp/PhoneNum07122685357
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Rasmussen
ReturnHeader/ReturnTs02017-11-10T07:45:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$549,120
Liabilities
$924
Net assets
$548,196
Revenue
$111,954
Expenses
$96,728
Net income
$15,226
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.57$0.42$1.15$0.49$0.51$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.16$0.20$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.29$0.12$0.48$0.36
2022Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$1.29$0.17$1.12
2021Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.19$0.21$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.13$0.09$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.01$0.37$0.16$0.19$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.52$0.67$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.11$0.10$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.04$0.53$0.10$0.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.13$0.08$0.05
2014Summary only. Only limited summary data is available for this year.$0.47$0.00$0.13$0.13$0.00
2013Summary only. Only limited summary data is available for this year.$0.44$0.00$0.10$0.10$0.00
2012Summary only. Only limited summary data is available for this year.$0.45$0.00$0.12$0.09$0.03