Civic Intelligence

Rock Valley Economic Development Co

990 • Fiscal year 2016 • EIN 42-1307382

Jul 01, 2015 to Jun 30, 2016 • Filed on Aug 23, 2016

Organization Profile
1507 Main StreetRock Valley, IA 51247

(712) 476-2576

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.49x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

11.69x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Net Margin

94th percentile

71%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Asset Growth

91st percentile

37%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-11%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$6,721,523

Up $1,820,353 (+37%) from 2015

Net Assets

Up

$3,398,186

Up $201,473 (+6.3%) from 2015

Liabilities

Up

$3,323,337

Up $1,618,880 (+95%) from 2015

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin94th percentile

Revenue

Down

$284,297

Down $34,136 (-11%) from 2015

Expenses

Down

$82,824

Down $31,447 (-28%) from 2015

Net Income

Down

$201,473

Down $2,689 (-1.3%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2016

Assets$6,721,523
Liabilities$3,323,337
Net Assets$3,398,186
Open 2016 Filing

Operations Trend

Revenue Growth17th 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

2016

Revenue$284,297
Expenses$82,824
Net Income$201,473
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Aug 23, 2016
Return Version
2015v2.1
Gross Receipts
$284,297
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$4,056,058$5,923,909▲ $1,867,851
Other Notes and Loans Receivable, Net$633,559$560,889▼ $72,670
Cash and Non-Interest-Bearing Accounts$186,553$224,225▲ $37,672
Total Assets$4,901,170$6,721,523▲ $1,820,353
Other Assets Total$25,000$12,500▼ $12,500
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,692,563$3,310,063▲ $1,617,500
Accounts Payable and Accrued Expenses$11,894$13,274▲ $1,380
Total Liabilities$1,704,457$3,323,337▲ $1,618,880
Net Assets / Fund Balance
Unrestricted Net Assets$2,822,271$3,003,634▲ $181,363
Permanently Rstr Net Assets$221,721$221,721→ $0
Temporarily Rstr Net Assets$152,721$172,831▲ $20,110
Total Net Assets Fund Balance$3,196,713$3,398,186▲ $201,473
Total Liabilities and Net Assets / Fund Balance$4,901,170$6,721,523▲ $1,820,353

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$118,691$4,286$122,977
Land$5,805,218--
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
Al VermeerPresident
Cal De RuyterDirector
Chad Van ZeeDirector
Cody JohnsonDirector
Duane ObbinkDirector
Evan Vanden BoschDirector
Greg VenengaDirector
JEREMY VAN'T HULDirector
Jeremy Van ZeeDirector
Tom Van MaanenDirector
Wade GortDirector
Dan TaylorSecretary
David Van NingenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$274,118
Investment Income
$179
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$201,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,824
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$71,647--$71,647
Depreciation Depletion$4,286--$4,286
Fees for Services Accounting$3,035--$3,035
Advertising-$1,538-$1,538
Other Expenses$668$28-$28
All Other Expenses-$10-$10
Total Functional Expenses$80,636$2,188$0$82,824
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 STREET, ROCK VALLEY, IA 51247

Signing Officer

Name
Al Vermeer
Title
President
Phone
7124762576
Signed
2016-08-23

Organization Details

Principal Officer
Al Vermeer
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
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 71,647 0 0”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt05805218
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05805218
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0118691
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04286
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0122977
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05923909
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 71,647 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/BOYAmt0152721
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0172831
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04901170
IRS990/TotalAssetsEOYAmt06721523
IRS990/TotalAssetsGrp/BOYAmt04901170
IRS990/TotalAssetsGrp/EOYAmt06721523
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02188
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt080636
IRS990/TotalFunctionalExpensesGrp/TotalAmt082824
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01704457
IRS990/TotalLiabilitiesEOYAmt03323337
IRS990/TotalLiabilitiesGrp/BOYAmt01704457
IRS990/TotalLiabilitiesGrp/EOYAmt03323337
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03196713
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03398186
IRS990/TotalProgramServiceExpensesAmt080636
IRS990/TotalProgramServiceRevenueAmt0274118
IRS990/TotalRevenueGrp/ExclusionAmt031942
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0242355
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0284297
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04901170
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06721523
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02822271
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03003634
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0822 EAGLE DR
IRS990/USAddress/CityNm0ROCK VALLEY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051247
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0AL VERMEER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07124762576
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCK VALLEY ECONOMIC DEVELOPMENT CO
ReturnHeader/Filer/BusinessNameControlTxt0ROCK
ReturnHeader/Filer/EIN0421307382
ReturnHeader/Filer/PhoneNum07124762576
ReturnHeader/Filer/USAddress/AddressLine1Txt01507 MAIN STREET
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/PreparationDt02016-08-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY S NIBBELINK
ReturnHeader/ReturnTs02016-08-31T15:36:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,721,523
Liabilities
$3,323,337
Net assets
$3,398,186
Revenue
$284,297
Expenses
$82,824
Net income
$201,473
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