Civic Intelligence

Rock Valley Economic Development Co

990 • Fiscal year 2015 • EIN 42-1307382

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 28, 2015

Organization Profile
1507 Main StRock Valley, IA 51247

(712) 476-2576

Siviq Scores

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

Liabilities / Assets

76th percentile

0.35x

Higher debt load relative to assets than 76% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

5.35x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Asset Growth

79th percentile

11%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

85%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$4,901,170

Up $492,755 (+11%) from 2014

Net Assets

Up

$3,196,713

Up $204,162 (+6.8%) from 2014

Liabilities

Up

$1,704,457

Up $288,593 (+20%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin94th percentile

Revenue

Up

$318,433

Up $146,606 (+85%) from 2014

Expenses

Up

$114,271

Up $76,877 (+206%) from 2014

Net Income

Up

$204,162

Up $69,729 (+52%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$15M$10M$5.0M$0Assets 2011: $3,301,224Liabilities 2011: $1,159,708Net Assets 2011: $2,141,5162011Assets 2012: $3,453,065Liabilities 2012: $1,047,394Net Assets 2012: $2,405,6712012Assets 2013: $3,693,654Liabilities 2013: $835,536Net Assets 2013: $2,858,1182013Assets 2014: $4,408,415Liabilities 2014: $1,415,864Net Assets 2014: $2,992,5512014Assets 2015: $4,901,170Liabilities 2015: $1,704,457Net Assets 2015: $3,196,7132015Assets 2016: $6,721,523Liabilities 2016: $3,323,337Net Assets 2016: $3,398,1862016Assets 2017: $10,041,019Liabilities 2017: $6,516,151Net Assets 2017: $3,524,8682017Assets 2018: $10,459,007Liabilities 2018: $6,690,535Net Assets 2018: $3,768,4722018Assets 2019: $11,319,164Liabilities 2019: $7,200,257Net Assets 2019: $4,118,9072019Assets 2020: $8,323,693Liabilities 2020: $4,523,458Net Assets 2020: $3,800,2352020Assets 2021: $8,010,871Liabilities 2021: $4,244,683Net Assets 2021: $3,766,1882021Assets 2022: $8,432,774Liabilities 2022: $4,386,593Net Assets 2022: $4,046,1812022Assets 2023: $9,599,180Liabilities 2023: $5,520,185Net Assets 2023: $4,078,9952023Assets 2024: $9,398,817Liabilities 2024: $5,007,672Net Assets 2024: $4,391,1452024Assets 2025: $6,509,624Liabilities 2025: $2,794,799Net Assets 2025: $3,714,8252025

Highlighted filing

2015

Assets$4,901,170
Liabilities$1,704,457
Net Assets$3,196,713
Open 2015 Filing

Operations Trend

Revenue Growth94th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $186,7952011Expenses 2012: $72,1752012Expenses 2013: $166,6282013Revenue 2014: $171,827Expenses 2014: $37,394Net Income 2014: $134,4332014Revenue 2015: $318,433Expenses 2015: $114,271Net Income 2015: $204,1622015Revenue 2016: $284,297Expenses 2016: $82,824Net Income 2016: $201,4732016Revenue 2017: $188,862Expenses 2017: $38,680Net Income 2017: $150,1822017Revenue 2018: $467,759Expenses 2018: $224,155Net Income 2018: $243,6042018Revenue 2019: $434,208Expenses 2019: $83,773Net Income 2019: $350,4352019Revenue 2020: $3,270,997Expenses 2020: $3,589,669Net Income 2020: -$318,6722020Revenue 2021: $641,641Expenses 2021: $675,688Net Income 2021: -$34,0472021Revenue 2022: $404,691Expenses 2022: $124,698Net Income 2022: $279,9932022Revenue 2023: $641,149Expenses 2023: $608,335Net Income 2023: $32,8142023Revenue 2024: $1,437,571Expenses 2024: $1,125,421Net Income 2024: $312,1502024Revenue 2025: $2,829,993Expenses 2025: $3,506,313Net Income 2025: -$676,3202025

Highlighted filing

2015

Revenue$318,433
Expenses$114,271
Net Income$204,162
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 28, 2015
Return Version
2014v5.0
Gross Receipts
$318,433
Mission and Program Overview

Mission

Economic growth and community betterment within the area of rock valley, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,598,429$4,056,058▲ $457,629
Other Notes and Loans Receivable, Net$574,843$633,559▲ $58,716
Cash and Non-Interest-Bearing Accounts$235,143$186,553▼ $48,590
Total Assets$4,408,415$4,901,170▲ $492,755
Other Assets Total-$25,000-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,402,563$1,692,563▲ $290,000
Accounts Payable and Accrued Expenses$11,201$11,894▲ $693
Other Liabilities$2,100--
Total Liabilities$1,415,864$1,704,457▲ $288,593
Net Assets / Fund Balance
Unrestricted Net Assets$2,626,287$2,828,607▲ $202,320
Permanently Rstr Net Assets$221,720$221,721▲ $1
Temporarily Rstr Net Assets$144,544$146,385▲ $1,841
Total Net Assets Fund Balance$2,992,551$3,196,713▲ $204,162
Total Liabilities and Net Assets / Fund Balance$4,408,415$4,901,170▲ $492,755

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,056,058--
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Al VermeerPresident
Cal De RuyterDirector
Chad Van ZeeDirector
Chuck HoogeveenDirector
Duane ObbinkDirector
Evan Vanden BoschDirector
Greg VenengaDirector
Jeremy Van ZeeDirector
Mark FinckDirector
Mark McgillDirector
Tom Van MaanenDirector
Wade GortDirector
Chuck HoogeveenSec/treas
Dan TaylorSecretary
David Van NingenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$7,600
Program Service Revenue
$310,643
Investment Income
$190
Other Revenue
$0
All Other Contributions
$7,000
Change in Net Assets
$204,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,271
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
Fees for Services Other$110,318--$110,318
Fees for Services Accounting$2,812--$2,812
Other Expenses$27$26-$26
Total Functional Expenses$113,740$531$0$114,271
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Board members are elected each year at the annual meeting.”

Form 990, Page 6, Part VI, Line 7B

“The board members meet monthly to make decisions regarding the operations of economic development.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 was given to the board for approval prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request from the public.”

Filing and Contact Details

Filer

Filer Name
Rock Valley Economic Development Co
EIN
42-1307382
Phone
7124762576
Address
1507 MAIN ST, ROCK VALLEY, IA 51247

Signing Officer

Name
Al Vermeer
Title
President
Phone
7124762576
Signed
2015-09-28

Organization Details

Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Van Bruggen & Vande Vegte Pc
Address
1313 GOLF COURSE RD, ROCK VALLEY, IA 51247-1548
Preparer
Jeffrey S Nibbelink
Phone
7124762725
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Cost of land development 110,318 0 0”

Raw XML Appendix355 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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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/BookValueAmt04056058
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04056058
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04056058
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE ELECTED EACH YEAR AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS MEET MONTHLY TO MAKE DECISIONS REGARDING THE OPERATIONS OF ECONOMIC DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 WAS GIVEN TO THE BOARD FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COST OF LAND DEVELOPMENT 110,318 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0144544
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0146385
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04408415
IRS990/TotalAssetsEOYAmt04901170
IRS990/TotalAssetsGrp/BOYAmt04408415
IRS990/TotalAssetsGrp/EOYAmt04901170
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07600
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0531
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0113740
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114271
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01415864
IRS990/TotalLiabilitiesEOYAmt01704457
IRS990/TotalLiabilitiesGrp/BOYAmt01415864
IRS990/TotalLiabilitiesGrp/EOYAmt01704457
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02992551
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03196713
IRS990/TotalProgramServiceExpensesAmt0113740
IRS990/TotalProgramServiceRevenueAmt0310643
IRS990/TotalRevenueGrp/ExclusionAmt034900
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0275933
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0318433
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04408415
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04901170
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02626287
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02828607
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0AL VERMEER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07124762576
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCK VALLEY ECONOMIC DEVELOPMENT CO
ReturnHeader/Filer/BusinessNameControlTxt0ROCK
ReturnHeader/Filer/EIN0421307382
ReturnHeader/Filer/PhoneNum07124762576
ReturnHeader/Filer/USAddress/AddressLine1Txt01507 MAIN ST
ReturnHeader/Filer/USAddress/CityNm0ROCK VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051247
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421462287
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VAN BRUGGEN & VANDE VEGTE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01313 GOLF COURSE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCK VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0512471548
ReturnHeader/PreparerPersonGrp/PhoneNum07124762725
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY S NIBBELINK
ReturnHeader/ReturnTs02015-10-02T13:12:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,901,170
Liabilities
$1,704,457
Net assets
$3,196,713
Revenue
$318,433
Expenses
$114,271
Net income
$204,162
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.51$2.79$3.71$2.83$3.51$0.68
2024Detailed filing. Detailed filing data is available for this year.$9.40$5.01$4.39$1.44$1.13$0.31
2023Detailed filing. Detailed filing data is available for this year.$9.60$5.52$4.08$0.64$0.61$0.03
2022Detailed filing. Detailed filing data is available for this year.$8.43$4.39$4.05$0.40$0.12$0.28
2021Detailed filing. Detailed filing data is available for this year.$8.01$4.24$3.77$0.64$0.68$0.03
2020Detailed filing. Detailed filing data is available for this year.$8.32$4.52$3.80$3.27$3.59$0.32
2019Detailed filing. Detailed filing data is available for this year.$11.3$7.20$4.12$0.43$0.08$0.35
2018Detailed filing. Detailed filing data is available for this year.$10.5$6.69$3.77$0.47$0.22$0.24
2017Detailed filing. Detailed filing data is available for this year.$10.0$6.52$3.52$0.19$0.04$0.15
2016Detailed filing. Detailed filing data is available for this year.$6.72$3.32$3.40$0.28$0.08$0.20
2015Detailed filing. Detailed filing data is available for this year.$4.90$1.70$3.20$0.32$0.11$0.20
2014Detailed filing. Detailed filing data is available for this year.$4.41$1.42$2.99$0.17$0.04$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.84$2.86$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$1.05$2.41$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$1.16$2.14$0.19