Civic Intelligence

Cherokee Area Economic Development

990 • Fiscal year 2017 • EIN 42-1336335

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 26, 2017

Organization ProfileCHEROKEEIA.COM
201 West Main StreetCherokee, IA 51012

(712) 225-5739

Siviq Scores

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

Liabilities / Assets

74th percentile

0.27x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

0.83x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

76th percentile

13%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

43rd percentile

2.5%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

33%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$746,435

Up $18,559 (+2.5%) from 2016

Net Assets

Up

$544,167

Up $31,649 (+6.2%) from 2016

Liabilities

Down

$202,268

Down $13,090 (-6.1%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin76th percentile

Revenue

Up

$244,152

Up $60,961 (+33%) from 2016

Expenses

Down

$212,503

Down $5,318 (-2.4%) from 2016

Net Income

Up

$31,649

Up $66,279 (+191%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$1.5M$1.0M$500K$0Assets 2012: $705,331Liabilities 2012: $272,416Net Assets 2012: $432,9152012Assets 2013: $934,708Liabilities 2013: $469,724Net Assets 2013: $464,9842013Assets 2014: $1,023,356Liabilities 2014: $452,405Net Assets 2014: $570,9512014Assets 2015: $782,789Liabilities 2015: $235,641Net Assets 2015: $547,1482015Assets 2016: $727,876Liabilities 2016: $215,358Net Assets 2016: $512,5182016Assets 2017: $746,435Liabilities 2017: $202,268Net Assets 2017: $544,1672017Assets 2018: $704,003Liabilities 2018: $189,718Net Assets 2018: $514,2852018Assets 2019: $704,640Liabilities 2019: $173,739Net Assets 2019: $530,9012019Assets 2020: $697,454Liabilities 2020: $170,296Net Assets 2020: $527,1582020Assets 2021: $761,110Liabilities 2021: $130,148Net Assets 2021: $630,9622021Assets 2022: $745,721Liabilities 2022: $82,271Net Assets 2022: $663,4502022Assets 2023: $801,679Liabilities 2023: $49,287Net Assets 2023: $752,3922023Assets 2024: $842,966Liabilities 2024: $39,933Net Assets 2024: $803,0332024Assets 2025: $865,278Liabilities 2025: $21,233Net Assets 2025: $844,0452025

Highlighted filing

2017

Assets$746,435
Liabilities$202,268
Net Assets$544,167
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $238,056Expenses 2012: $168,767Net Income 2012: $69,2892012Revenue 2013: $214,200Expenses 2013: $182,131Net Income 2013: $32,0692013Revenue 2014: $313,200Expenses 2014: $207,233Net Income 2014: $105,9672014Revenue 2015: $190,387Expenses 2015: $214,190Net Income 2015: -$23,8032015Revenue 2016: $183,191Expenses 2016: $217,821Net Income 2016: -$34,6302016Revenue 2017: $244,152Expenses 2017: $212,503Net Income 2017: $31,6492017Revenue 2018: $243,536Expenses 2018: $273,418Net Income 2018: -$29,8822018Revenue 2019: $237,996Expenses 2019: $221,380Net Income 2019: $16,6162019Revenue 2020: $237,446Expenses 2020: $241,189Net Income 2020: -$3,7432020Revenue 2021: $328,688Expenses 2021: $224,884Net Income 2021: $103,8042021Revenue 2022: $256,561Expenses 2022: $224,073Net Income 2022: $32,4882022Revenue 2023: $284,440Expenses 2023: $195,498Net Income 2023: $88,9422023Revenue 2024: $309,867Expenses 2024: $259,226Net Income 2024: $50,6412024Revenue 2025: $298,105Expenses 2025: $257,093Net Income 2025: $41,0122025

Highlighted filing

2017

Revenue$244,152
Expenses$212,503
Net Income$31,649
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 26, 2017
Return Version
2016v3.0
Gross Receipts
$244,152
Mission and Program Overview

Mission

Economic development of the cherokee area

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$236,156$272,289▲ $36,133
Other Notes and Loans Receivable, Net$96,038$176,860▲ $80,822
Savings and Temporary Cash Investments$178,583$59,963▼ $118,620
Land, Buildings, and Equipment, Net$11,267$9,888▼ $1,379
Accounts Receivable$851$2,506▲ $1,655
Prepaid Expenses and Deferred Charges$722$323▼ $399
Total Assets$727,876$746,435▲ $18,559
Other Assets Total$204,259$224,606▲ $20,347
Liabilities
Other Liabilities$200,923$188,074▼ $12,849
Accounts Payable and Accrued Expenses$14,435$14,194▼ $241
Total Liabilities$215,358$202,268▼ $13,090
Net Assets / Fund Balance
Unrestricted Net Assets$389,552$427,172▲ $37,620
Permanently Rstr Net Assets$122,966$116,995▼ $5,971
Total Net Assets Fund Balance$512,518$544,167▲ $31,649
Total Liabilities and Net Assets / Fund Balance$727,876$746,435▲ $18,559

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,888$11,292$21,180
Other Assets Org$375--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Brian FreedPresident
Amy LoughlinBoard Member
Andy CarlsonBoard Member
Chad BrownBoard Member
Clay LeavittBoard Member
Curt JohnsonBoard Member
Don ParrottBoard Member
Joe SchlengerBoard Member
Les ToddBoard Member
Mark HecoxBoard Member
Rick MonganBoard Member
Willie AllbaughBoard Member
Mike DunnSecretary
Chris JennessTreasurer
Brenda PerrinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$212,248
Program Service Revenue
$0
Investment Income
$6,684
Other Revenue
$25,220
All Other Contributions
$212,248
Change in Net Assets
$31,649

Audited Revenue Reconciliation

Revenue per Audited Statements
$244,152
Total Revenue per Audited Statements
$244,152
Total Revenue per Form 990
$244,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$137,177
Other Expenses$75,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$81,532--$81,532
Other Salaries and Wages$25,806--$25,806
Other Employee Benefits$18,049--$18,049
Fees for Services Accounting$16,835--$16,835
Occupancy$10,111--$10,111
Payroll Taxes$8,779--$8,779
Fees for Services Other$7,200--$7,200
All Other Expenses$6,889--$6,889
Conferences and Meetings$6,002--$6,002
Travel$4,854--$4,854
Advertising$3,164--$3,164
Pension Plan Contributions$3,011--$3,011
Depreciation Depletion$2,069--$2,069
Interest$1,926--$1,926
Other Expenses$1,169--$1,169
Total Functional Expenses$212,503$0$0$212,503

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$212,503
Total Expenses per Audited Statements$212,503
Total Expenses per Form 990$212,503
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
Notes Payable$188,074
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Board approves and reviews”

Form 990, Page 6, Part VI, Line 12C

“Monthly board meetings review compliance with the written conflict of interest policy.”

Form 990, Page 6, Part VI, Line 19

“Auditor's report is available upon request at the office of cherokee area economic development. Form 990 can be viewed upon request at the business office.”

Filing and Contact Details

Filer

Filer Name
Cherokee Area Economic Development
EIN
42-1336335
Phone
7122255739
Address
201 WEST MAIN STREET, CHEROKEE, IA 51012

Signing Officer

Name
Brian Freed
Title
President
Phone
7122255739
Signed
2017-09-26

Organization Details

Principal Officer
Brian Freed
Voting Board Members
15
Independent Board Members
15
Employees
4

Preparer

Firm
Burkhardt & Dawson Cpas
Address
793 NORTH SECOND STREET, CHEROKEE, IA 51012
Preparer
Donna R Burkhardt CPA
Phone
7122255755
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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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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0323
IRS990/PrincipalOfficerNm0BRIAN FREED
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0188355
IRS990/PYInvestmentIncomeAmt05157
IRS990/PYOtherExpensesAmt073528
IRS990/PYOtherRevenueAmt0-10321
IRS990/PYRevenuesLessExpensesAmt0-34630
IRS990/PYSalariesCompEmpBnftPaidAmt0144293
IRS990/PYTotalExpensesAmt0217821
IRS990/PYTotalRevenueAmt0183191
IRS990/ReconcilationRevenueExpnssAmt031649
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0178583
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059963
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0212503
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0213002
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111229
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2375
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT CHEROKEE DEV
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RLF
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FORGIVABLE LOANS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09888
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011292
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0188074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0244152
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09888
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0224606
IRS990ScheduleD/TotalExpensesPerForm990Amt0212503
IRS990ScheduleD/TotalLiabilityAmt0188074
IRS990ScheduleD/TotalRevenuePerForm990Amt0244152
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0244152
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0212503
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD APPROVES AND REVIEWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONTHLY BOARD MEETINGS REVIEW COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AUDITOR'S REPORT IS AVAILABLE UPON REQUEST AT THE OFFICE OF CHEROKEE AREA ECONOMIC DEVELOPMENT. FORM 990 CAN BE VIEWED UPON REQUEST AT THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0727876
IRS990/TotalAssetsEOYAmt0746435
IRS990/TotalAssetsGrp/BOYAmt0727876
IRS990/TotalAssetsGrp/EOYAmt0746435
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0212248
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0212503
IRS990/TotalFunctionalExpensesGrp/TotalAmt0212503
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0215358
IRS990/TotalLiabilitiesEOYAmt0202268
IRS990/TotalLiabilitiesGrp/BOYAmt0215358
IRS990/TotalLiabilitiesGrp/EOYAmt0202268
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0512518
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0544167
IRS990/TotalProgramServiceExpensesAmt0212503
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031904
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0244152
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0727876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0746435
IRS990/TravelGrp/ProgramServicesAmt04854
IRS990/TravelGrp/TotalAmt04854
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0389552
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0427172
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0CHEROKEEIA.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN FREED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07122255739
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHEROKEE AREA ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0CHER
ReturnHeader/Filer/EIN0421336335
ReturnHeader/Filer/PhoneNum07122255739
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 WEST MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0CHEROKEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051012
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0185F4A1AEFBBF0FCFA10EBFDEEBF8C691D21A85D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CE47BD74DAF5FB337C78B1BE9FAD47CFBC66DDAA
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201892306
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURKHARDT & DAWSON CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0793 NORTH SECOND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHEROKEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051012
ReturnHeader/PreparerPersonGrp/PhoneNum07122255755
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONNA R BURKHARDT CPA
ReturnHeader/ReturnTs02017-10-03T13:40:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$746,435
Liabilities
$202,268
Net assets
$544,167
Revenue
$244,152
Expenses
$212,503
Net income
$31,649
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.02$0.84$0.30$0.26$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.84$0.04$0.80$0.31$0.26$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.05$0.75$0.28$0.20$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.08$0.66$0.26$0.22$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.76$0.13$0.63$0.33$0.22$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.17$0.53$0.24$0.24$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.17$0.53$0.24$0.22$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.19$0.51$0.24$0.27$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.75$0.20$0.54$0.24$0.21$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.73$0.22$0.51$0.18$0.22$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.24$0.55$0.19$0.21$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.45$0.57$0.31$0.21$0.11
2013Summary only. Only limited summary data is available for this year.$0.93$0.47$0.46$0.21$0.18$0.03
2012Summary only. Only limited summary data is available for this year.$0.71$0.27$0.43$0.24$0.17$0.07