Civic Intelligence

Rock Valley Economic Development Co

990 • Fiscal year 2018 • EIN 42-1307382

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 04, 2018

Organization Profile
PO Box 100Rock Valley, IA 51247

(712) 476-2576

Siviq Scores

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

Liabilities / Assets

81st percentile

0.64x

Higher debt load relative to assets than 81% of similar nonprofits.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

14.30x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2018

Net Margin

86th percentile

52%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

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

2018 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2018

Asset Growth

63rd percentile

4.2%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

148%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$10,459,007

Up $417,988 (+4.2%) from 2017

Net Assets

Up

$3,768,472

Up $243,604 (+6.9%) from 2017

Liabilities

Up

$6,690,535

Up $174,384 (+2.7%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin86th percentile

Revenue

Up

$467,759

Up $278,897 (+148%) from 2017

Expenses

Up

$224,155

Up $185,475 (+480%) from 2017

Net Income

Up

$243,604

Up $93,422 (+62%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2018

Assets$10,459,007
Liabilities$6,690,535
Net Assets$3,768,472
Open 2018 Filing

Operations Trend

Revenue Growth93rd 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

2018

Revenue$467,759
Expenses$224,155
Net Income$243,604
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 4, 2018
Return Version
2017v2.3
Gross Receipts
$467,759
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$9,304,740$9,806,599▲ $501,859
Other Notes and Loans Receivable, Net$434,578$403,584▼ $30,994
Cash and Non-Interest-Bearing Accounts$301,701$248,824▼ $52,877
Total Assets$10,041,019$10,459,007▲ $417,988
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,503,129$6,678,129▲ $175,000
Accounts Payable and Accrued Expenses$13,022$12,406▼ $616
Total Liabilities$6,516,151$6,690,535▲ $174,384
Net Assets / Fund Balance
Unrestricted Net Assets$3,121,300$3,359,342▲ $238,042
Permanently Rstr Net Assets$221,721$221,721→ $0
Temporarily Rstr Net Assets$181,847$187,409▲ $5,562
Total Net Assets Fund Balance$3,524,868$3,768,472▲ $243,604
Total Liabilities and Net Assets / Fund Balance$10,041,019$10,459,007▲ $417,988

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$109,747$13,230$122,977
Land$9,696,852--
Compensation and Service Providers
Top Officer Pay29th percentile

Board Members and Trustees

NameTitle
Al VermeerPresident
Chuck HoogeveenDirector
Cody JohnsonDirector
Evan Vanden BoschDirector
Greg WestraDirector
JEREMY VAN'T HULDirector
Jeremy Van ZeeDirector
Mike PostDirector
Terry MeyerDirector
Tom Van MaanenDirector
Wade GortDirector
Greg VenengaSecretary
Chad Van ZeeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$466,796
Investment Income
$963
Other Revenue
$0
Change in Net Assets
$243,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,155
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$204,404--$204,404
Depreciation Depletion$4,472--$4,472
Fees for Services Accounting$3,108--$3,108
Other Expenses$1,250$621-$621
Advertising-$300-$300
Total Functional Expenses$213,234$10,921$0$224,155
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
PO BOX 100, ROCK VALLEY, IA 51247

Signing Officer

Name
Al Vermeer
Title
President
Phone
7124762576
Signed
2018-09-04

Organization Details

Principal Officer
Al Vermeer
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
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 204,404 0 0”

Raw XML Appendix348 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013022
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012406
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ECONOMIC GROWTH AND COMMUNITY BETTERMENT WITHIN THE AREA OF ROCK VALLEY, IOWA.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0300
IRS990/AdvertisingGrp/TotalAmt0300
IRS990/BooksInCareOfDetail/PersonNm0ROCK VALLEY ECON DEV CORP
IRS990/BooksInCareOfDetail/PhoneNum07124762576
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01507 MAIN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCK VALLEY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd051247
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0301701
IRS990/CashNonInterestBearingGrp/EOYAmt0248824
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0963
IRS990/CYOtherExpensesAmt0224155
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0466796
IRS990/CYRevenuesLessExpensesAmt0243604
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0224155
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0467759
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04472
IRS990/DepreciationDepletionGrp/TotalAmt04472
IRS990/Desc0TO PURCHASE AND DEVELOP LAND FOR ECONOMIC GROWTH AND DEVELOPMENT.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0213004
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt03108
IRS990/FeesForServicesAccountingGrp/TotalAmt03108
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0204404
IRS990/FeesForServicesOtherGrp/TotalAmt0204404
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt125.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0TOM VAN MAANEN
IRS990/Form990PartVIISectionAGrp/PersonNm1TERRY MEYER
IRS990/Form990PartVIISectionAGrp/PersonNm2WADE GORT
IRS990/Form990PartVIISectionAGrp/PersonNm3JEREMY VAN'T HUL
IRS990/Form990PartVIISectionAGrp/PersonNm4CODY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE POST
IRS990/Form990PartVIISectionAGrp/PersonNm6EVAN VANDEN BOSCH
IRS990/Form990PartVIISectionAGrp/PersonNm7JEREMY VAN ZEE
IRS990/Form990PartVIISectionAGrp/PersonNm8GREG WESTRA
IRS990/Form990PartVIISectionAGrp/PersonNm9CHUCK HOOGEVEEN
IRS990/Form990PartVIISectionAGrp/PersonNm10AL VERMEER
IRS990/Form990PartVIISectionAGrp/PersonNm11CHAD VAN ZEE
IRS990/Form990PartVIISectionAGrp/PersonNm12GREG VENENGA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0467759
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0963
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0963
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013230
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09304740
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09806599
IRS990/LandBldgEquipCostOrOtherBssAmt09819829
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ECONOMIC GROWTH AND COMMUNITY BETTERMENT WITHIN THE AREA OF ROCK VALLEY, IOWA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06503129
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06678129
IRS990/NetAssetsOrFundBalancesBOYAmt03524868
IRS990/NetAssetsOrFundBalancesEOYAmt03768472
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1SCHOLARSHIP EXPENSE
IRS990/OtherExpensesGrp/Desc2NONDEDUCTIBLE EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1621
IRS990/OtherExpensesGrp/ProgramServicesAmt01250
IRS990/OtherExpensesGrp/TotalAmt010000
IRS990/OtherExpensesGrp/TotalAmt11250
IRS990/OtherExpensesGrp/TotalAmt2621
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0434578
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0403584
IRS990/PartialLiquidationInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0221721
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0221721
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0AL VERMEER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/Desc2REVOLVING LOAN FUND
IRS990/ProgramServiceRevenueGrp/ExclusionAmt065062
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0396867
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14867
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0396867
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt165062
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24867
IRS990/ProgSrvcAccomActy2Grp/Desc0REVOLVING LOAN FUND - TO MAKE LOANS AVAILABLE TO QUALIFIED BUSINESSES WHO ARE LOOKING TO START A BUSINESS IN THE ROCK VALLEY AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0230
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt04867
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0300
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0272
IRS990/PYOtherExpensesAmt038680
IRS990/PYProgramServiceRevenueAmt0188290
IRS990/PYRevenuesLessExpensesAmt0150182
IRS990/PYTotalExpensesAmt038680
IRS990/PYTotalRevenueAmt0188862
IRS990/ReconcilationRevenueExpnssAmt0243604
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0461929
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt09696852
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt09696852
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0109747
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013230
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0122977
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09806599
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 204,404 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/BOYAmt0181847
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0187409
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010041019
IRS990/TotalAssetsEOYAmt010459007
IRS990/TotalAssetsGrp/BOYAmt010041019
IRS990/TotalAssetsGrp/EOYAmt010459007
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010921
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0213234
IRS990/TotalFunctionalExpensesGrp/TotalAmt0224155
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06516151
IRS990/TotalLiabilitiesEOYAmt06690535
IRS990/TotalLiabilitiesGrp/BOYAmt06516151
IRS990/TotalLiabilitiesGrp/EOYAmt06690535
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03524868
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03768472
IRS990/TotalProgramServiceExpensesAmt0213234
IRS990/TotalProgramServiceRevenueAmt0466796
IRS990/TotalRevenueGrp/ExclusionAmt065062
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0402697
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0467759
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010041019
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010459007
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03121300
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03359342
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0822 EAGLE DR
IRS990/USAddress/CityNm0ROCK VALLEY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051247
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0AL VERMEER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07124762576
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCK VALLEY ECONOMIC DEVELOPMENT CO
ReturnHeader/Filer/BusinessNameControlTxt0ROCK
ReturnHeader/Filer/EIN0421307382
ReturnHeader/Filer/PhoneNum07124762576
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 100
ReturnHeader/Filer/USAddress/CityNm0ROCK VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051247
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D988CBD4EC81FD9D7435A7AE855DF1202D4F1F55
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId011D08EB2F5BE2EC3AE7D51D9233745753A7734C1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-10-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:07:54
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/PreparationDt02018-09-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY S NIBBELINK
ReturnHeader/ReturnTs02018-10-05T11:07:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,459,007
Liabilities
$6,690,535
Net assets
$3,768,472
Revenue
$467,759
Expenses
$224,155
Net income
$243,604
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