Civic Intelligence

Rock Valley Economic Development Co

990 • Fiscal year 2023 • EIN 42-1307382

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 12, 2023

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

84th percentile

0.58x

Higher debt load relative to assets than 84% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

8.61x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Net Margin

44th percentile

5.1%

Higher net margin than 44% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

58%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$9,599,180

Up $1,166,406 (+14%) from 2022

Net Assets

Up

$4,078,995

Up $32,814 (+0.8%) from 2022

Liabilities

Up

$5,520,185

Up $1,133,592 (+26%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin44th percentile

Revenue

Up

$641,149

Up $236,458 (+58%) from 2022

Expenses

Up

$608,335

Up $483,637 (+388%) from 2022

Net Income

Down

$32,814

Down $247,179 (-88%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2023

Assets$9,599,180
Liabilities$5,520,185
Net Assets$4,078,995
Open 2023 Filing

Operations Trend

Revenue Growth87th 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

2023

Revenue$641,149
Expenses$608,335
Net Income$32,814
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 12, 2023
Return Version
2022v5.0
Gross Receipts
$641,149
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$7,422,026$8,202,298▲ $780,272
Cash and Non-Interest-Bearing Accounts$474,239$735,723▲ $261,484
Other Notes and Loans Receivable, Net$536,509$661,159▲ $124,650
Total Assets$8,432,774$9,599,180▲ $1,166,406
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,269,199$5,326,799▲ $1,057,600
Accounts Payable and Accrued Expenses$110,744$174,861▲ $64,117
Other Liabilities$6,650$18,525▲ $11,875
Total Liabilities$4,386,593$5,520,185▲ $1,133,592
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,610,122$3,635,874▲ $25,752
Net Assets With Donor Restrictions$436,059$443,121▲ $7,062
Total Net Assets Fund Balance$4,046,181$4,078,995▲ $32,814
Total Liabilities and Net Assets / Fund Balance$8,432,774$9,599,180▲ $1,166,406

Asset Categories

AssetBook ValueDepreciationBasis
Land$8,202,298--
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
Chad Van ZeePresident
Brian RichterDirector
Greg WestraDirector
JEREMY VAN'T HULDirector
Les BurggraafDirector
Matt BuleyDirector
Mike Van EgdomDirector
Todd NettenDirector
Tom Van MaanenDirector
Brad Vanden BoschSecretary
Dave MillerTreasurer
Alex KooimaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$641,149
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$32,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$608,335
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$603,325--$603,325
Fees for Services Accounting$3,860--$3,860
Other Expenses$150--$150
Total Functional Expenses$608,335$0$0$608,335
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposit on Land$18,525
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
Chad Van Zee
Title
President
Phone
7124762576
Signed
2023-10-12

Organization Details

Principal Officer
Chad Van Zee
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Cost of land development 603,325 0 0”

Raw XML Appendix328 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE ELECTED EACH YEAR AT THE ANNUAL MEETING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COST OF LAND DEVELOPMENT 603,325 0 0
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08432774
IRS990/TotalAssetsEOYAmt09599180
IRS990/TotalAssetsGrp/BOYAmt08432774
IRS990/TotalAssetsGrp/EOYAmt09599180
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0608335
IRS990/TotalFunctionalExpensesGrp/TotalAmt0608335
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04386593
IRS990/TotalLiabilitiesEOYAmt05520185
IRS990/TotalLiabilitiesGrp/BOYAmt04386593
IRS990/TotalLiabilitiesGrp/EOYAmt05520185
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04046181
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04078995
IRS990/TotalProgramServiceExpensesAmt0608335
IRS990/TotalProgramServiceRevenueAmt0641149
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0641149
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0641149
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08432774
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09599180
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 100
IRS990/USAddress/CityNm0ROCK VALLEY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051247
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAD VAN ZEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07124762576
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-12
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421462287
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VAN BRUGGEN & VANDE VEGTE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01313 GOLF COURSE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCK VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051247
ReturnHeader/PreparerPersonGrp/PhoneNum07124762725
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY S NIBBELINK
ReturnHeader/ReturnTs02023-11-03T13:29:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHAD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VAN ZEE
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,599,180
Liabilities
$5,520,185
Net assets
$4,078,995
Revenue
$641,149
Expenses
$608,335
Net income
$32,814
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