Civic Intelligence

Lyon County Economic Development Consort

EIN 42-1334689 • 501(c)3 • Rock Rapids, IA

Profile

The Lyon County Economic Development Consortium was formed to promote economic growth and enhance the general quality of life in Lyon County and within the cities of Lyon County. The Consortiums mission of implementing economic development projects within Lyon County is accomplished by advocating activities designed to retain commercial, industrial, retail and service businesses within the communities by helping existing businesses expand their employment, as well as increasing the employment base by marketing Lyon County in order to attract outside businesses into the communities. The primary program/assistance provided by the Consortium is the lending of monies to individuals and businesses located in Lyon County for various economic development projects at a reasonable rate of interest.

315 1st AvenueRock Rapids, IA 51246

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

7th percentile

-182%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$1,600

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 42.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

50th percentile

-2.1%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

-11%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$325,151

Down $6,848 (-2.1%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$325,151

Down $6,848 (-2.1%) from 2016

Operations
Liabilities / RevenueScore unavailableNet Margin7th percentile

Revenue

Down

$3,772

Down $465 (-11%) from 2016

Expenses

Up

$10,620

Up $6,660 (+168%) from 2016

Net Income

Down

-$6,848

Down $7,125 (-2572%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2014: $328,579Net Assets 2014: $328,5792014Assets 2015: $331,722Net Assets 2015: $331,7222015Assets 2016: $331,999Net Assets 2016: $331,9992016Assets 2017: $325,151Net Assets 2017: $325,1512017

Highlighted filing

2017

Assets$325,151
Liabilities-
Net Assets$325,151
Open 2017 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2014: $56,911Expenses 2014: $3,119Net Income 2014: $53,7922014Revenue 2015: $6,412Expenses 2015: $3,269Net Income 2015: $3,1432015Revenue 2016: $4,237Expenses 2016: $3,960Net Income 2016: $2772016Revenue 2017: $3,772Expenses 2017: $10,620Net Income 2017: -$6,8482017

Highlighted filing

2017

Revenue$3,772
Expenses$10,620
Net Income-$6,848
Open 2017 Filing

Filings

Most recent year

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

Open filing
Assets
$325,151
Liabilities
-
Net assets
$325,151
Revenue
$3,772
Expenses
$10,620
Net income
-$6,848
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$3.25$3.25$0.04$0.11$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$3.32$0.04$0.04$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.32$3.32$0.06$0.03$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.29$3.29$0.57$0.03$0.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$3,772
Mission and Program Overview

Mission

The Lyon County Economic Development Consortium was formed to promote economic growth and enhance the general quality of life in Lyon County and within the cities of Lyon County. The Consortiums mission of implementing economic development projects within Lyon County is accomplished by advocating activities designed to retain commercial, industrial, retail and service businesses within the communities by helping existing businesses expand their employment, as well as increasing the employment base by marketing Lyon County in order to attract outside businesses into the communities. The primary program/assistance provided by the Consortium is the lending of monies to individuals and businesses located in Lyon County for various economic development projects at a reasonable rate of interest.

Program Services

DescriptionGrantsExpenses
The Lyon County Economic Development Consortium provides loans to individuals and businesses located in Lyon County. The intent of the Lyon County Economic Development Consortium is to promote economic development within Lyon County by providing additional sources of funding at a reasonable rate of interest as an incentive for businesses to move to or expand their operations in Lyon County. Individuals/businesses must complete an application form; along with provide supporting documentation, to be considered for a loan.$9,126-
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE WELLSTreasurerPT$1,600-$1,600
RACHEL SCHREURSPresident-$0--
MARLO DE JAGERBoard Member-$0--
JIM CUTTELLBoard Member-$0--
DONALD BURWITZVice President-$0--
ROBERT GERBERBoard Member-$0--
GERALD BRANDSBoard Member-$0--
STEVE MICHAELBoard Member-$0--
STEPHEN SIMONSSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Lyon County Economic Development Consort
EIN
42-1334689
Phone
7124728546
Address
315 1ST AVENUE, ROCK RAPIDS, IA 51246

Signing Officer

Name
Steve Wells
Title
Treasurer
Signed
2018-11-15
Discuss with paid preparer
Yes

Preparer

Firm
De Noble & Company PC
Address
111 S Story Street, Rock Rapids, IA 51246
Preparer
Russell Forrest
Phone
7124722549
Supplemental Narrative

Additional Explanations

Other Expenses.1012

“Insurance $1343”

Other Expenses.1

“BAD DEBT $7327”

Other Expenses.2

“BANK CHARGES $53”

Other Expenses.3

“FILING FEES $17”

Other Assets.1009

“Notes and Loans Receivable - Beginning $74879 Notes and Loans Receivable - Ending $45779”

Raw XML Appendix186 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Secretary
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherExpensesTotalAmt08740
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Lyon County Economic Development Consortium was formed to promote economic growth and enhance the general quality of life in Lyon County and within the cities of Lyon County. The Consortiums mission of implementing economic development projects within Lyon County is accomplished by advocating activities designed to retain commercial, industrial, retail and service businesses within the communities by helping existing businesses expand their employment, as well as increasing the employment base by marketing Lyon County in order to attract outside businesses into the communities. The primary program/assistance provided by the Consortium is the lending of monies to individuals and businesses located in Lyon County for various economic development projects at a reasonable rate of interest.
IRS990EZ/ProgramServiceRevenueAmt03260
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance $1343
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE WELLS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LYON COUNTY ECONOMIC DEVELOPMENT CONSORT
ReturnHeader/Filer/BusinessNameControlTxt0LYON
ReturnHeader/Filer/EIN0421334689
ReturnHeader/Filer/PhoneNum07124728546
ReturnHeader/Filer/USAddress/AddressLine1Txt0315 1ST AVENUE
ReturnHeader/Filer/USAddress/CityNm0ROCK RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051246
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203310024
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0De Noble & Company PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 S Story Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rock Rapids
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051246
ReturnHeader/PreparerPersonGrp/PhoneNum07124722549
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Russell Forrest
ReturnHeader/ReturnTs02018-11-15T07:09:16-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits