Civic Intelligence

National Rural Economic Developers Association

990 • Fiscal year 2016 • EIN 42-1356900

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 17, 2017

1255 SW Prairie Trail ParkwayAnkeny, IA 50023-7068

(515) 243-1558

Siviq Scores

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

Liabilities / Assets

81st percentile

0.21x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

0.29x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

80th percentile

17%

Higher net margin than 80% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

61st percentile

8.0%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

58th percentile

4.3%

Faster revenue growth than 58% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$288,864

Up $21,481 (+8.0%) from 2015

Net Assets

Up

$228,006

Up $34,302 (+18%) from 2015

Liabilities

Down

$60,858

Down $12,821 (-17%) from 2015

Revenue

Up

$207,020

Up $8,605 (+4.3%) from 2015

Expenses

Up

$172,718

Up $16,424 (+11%) from 2015

Net Income

Down

$34,302

Down $7,819 (-19%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $203,873Liabilities 2011: $68,0372011Assets 2012: $211,340Liabilities 2012: $56,617Net Assets 2012: $154,7232012Assets 2013: $240,308Liabilities 2013: $91,937Net Assets 2013: $148,3712013Assets 2014: $235,225Liabilities 2014: $83,642Net Assets 2014: $151,5832014Assets 2015: $267,383Liabilities 2015: $73,679Net Assets 2015: $193,7042015Assets 2016: $288,864Liabilities 2016: $60,858Net Assets 2016: $228,0062016Assets 2017: $321,372Liabilities 2017: $62,471Net Assets 2017: $258,9012017Assets 2018: $292,246Liabilities 2018: $65,282Net Assets 2018: $226,9642018Assets 2019: $284,607Liabilities 2019: $105,372Net Assets 2019: $179,2352019Assets 2020: $290,362Liabilities 2020: $87,377Net Assets 2020: $202,9852020Assets 2021: $412,242Liabilities 2021: $179,397Net Assets 2021: $232,8452021Assets 2022: $269,148Liabilities 2022: $4,763Net Assets 2022: $264,3852022Assets 2023: $314,652Liabilities 2023: $33,920Net Assets 2023: $280,7322023Assets 2024: $449,660Liabilities 2024: $49,274Net Assets 2024: $400,3862024

Highlighted filing

2016

Assets$288,864
Liabilities$60,858
Net Assets$228,006

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $154,092Expenses 2011: $121,819Net Income 2011: $32,2732011Revenue 2012: $161,049Expenses 2012: $142,162Net Income 2012: $18,8872012Revenue 2013: $150,912Expenses 2013: $157,264Net Income 2013: -$6,3522013Revenue 2014: $169,275Expenses 2014: $166,063Net Income 2014: $3,2122014Revenue 2015: $198,415Expenses 2015: $156,294Net Income 2015: $42,1212015Revenue 2016: $207,020Expenses 2016: $172,718Net Income 2016: $34,3022016Revenue 2017: $206,345Expenses 2017: $174,950Net Income 2017: $31,3952017Revenue 2018: $198,003Expenses 2018: $229,940Net Income 2018: -$31,9372018Revenue 2019: $230,207Expenses 2019: $277,936Net Income 2019: -$47,7292019Revenue 2020: $176,923Expenses 2020: $153,173Net Income 2020: $23,7502020Revenue 2021: $223,112Expenses 2021: $193,252Net Income 2021: $29,8602021Revenue 2022: $256,968Expenses 2022: $225,428Net Income 2022: $31,5402022Revenue 2023: $243,256Expenses 2023: $226,909Net Income 2023: $16,3472023Revenue 2024: $319,784Expenses 2024: $200,130Net Income 2024: $119,6542024

Highlighted filing

2016

Revenue$207,020
Expenses$172,718
Net Income$34,302
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 17, 2017
Return Version
2016v3.0
Gross Receipts
$207,020
Mission and Program Overview

Mission

The national rural economic developers association is a member organization dedicated to the advancement of rural economic development through providing education and networking opportunities. The purpose of the national rurual economic developers association shall be: - to promote the exchange of ideas and information betweeen association members. - to provide members educational opportunities to encourage professional advancement. - to further the movement of growing and revitalizing rural america through economic enhancement.

To provide education, advocacy, and networking opportunities to rural and suburban utilities and affiliated organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$256,958$287,517▲ $30,559
Rtn Earn Endowment Incm Other Fnds$193,704$228,006▲ $34,302
Accounts Receivable$5,000$650▼ $4,350
Prepaid Expenses and Deferred Charges$5,280$568▼ $4,712
Total Assets$267,383$288,864▲ $21,481
Other Assets Total$145$129▼ $16
Liabilities
Deferred Revenue$62,100$54,750▼ $7,350
Accounts Payable and Accrued Expenses$11,579$6,108▼ $5,471
Total Liabilities$73,679$60,858▼ $12,821
Net Assets / Fund Balance
Total Net Assets Fund Balance$193,704$228,006▲ $34,302
Total Liabilities and Net Assets / Fund Balance$267,383$288,864▲ $21,481

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,041$6,041
Compensation and Service Providers

Board Members and Trustees

NameTitle
Trista L FugatePresident
Connie BainbridgeDirector
Dan BoyselDirector
Garry ClarkDirector
James a ChavezDirector
Lisa FranklinDirector
Mendi AnschutzDirector
Nicole M PfannenstielDirector
Shawn RenneckerDirector
Tony FloydDirector
Bruce Nuzum2nd Vice Pre
Brad CaptainEx-officio
Chris MartinEx-officio
Kelly WismerEx-officio
Scott BialickEx-officio
Lynn HarkinExecutive Di
Jim VermeerFirst Vice P
Rand FisherPast Preside
Rick NelsenSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$79,125
Program Service Revenue
$126,055
Investment Income
$1,340
Other Revenue
$500
Change in Net Assets
$34,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,718
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 Management---$64,980
Conferences and Meetings---$64,865
Information Technology---$12,070
Fees for Services Other---$12,063
Travel---$6,185
Office Expenses---$5,771
Advertising---$3,997
Insurance---$1,432
Fees for Services Accounting---$850
Other Expenses---$9
Total Functional Expenses$0$0$0$172,718
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
Annual disclosure for covered persons
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
Yes

Governance Explanations

Form 990, Part VI

Section b, question 15a - national rural economic developers association does not compensate any individual. However, the board of directors entered into a management agreement with association management ltd. To manage the daily operations and employ an individual to serve as the executive director of the organization. The agreement is approved by the board of directors before it is offered to association management ltd.

Form 990, Page 6, Part VI, Line 3

Association management, ltd. Manages the day-to-day operations. Associated management, ltd. Employs lynn harkin, who serves as the executive director of national rural economic developers association.

Form 990, Page 6, Part VI, Line 6

The organization consists of dues paying members.

Form 990, Page 6, Part VI, Line 7A

Members of the association elect a board of directors that act as the governing body.

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

A draft of the form 990 will be presented to the board of directors and reviewed before the form is filed.

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

Enforcement of conflicts policy annually, the board members and members of management sign a declaration disclosing any known conflicts of interest.

Form 990, Page 6, Part VI, Line 19

The public is able to view the association's governing docments, financial statements and conflict of interest policy upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
National Rural Economic
EIN
42-1356900
Phone
5152431558
Address
1255 SW PRAIRIE TRAIL PARKWAY, ANKENY, IA 50023-7068

Signing Officer

Name
Trista L Fugate
Title
President
Phone
5152431558
Signed
2017-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trista L Fugate
Formed
1989
Legal Domicile
Ia
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
65

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Brian K Newton CPA
Phone
5152883279
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The national rural economic developers association is a member organization dedicated to the advancement of rural economic development through providing education and networking opportunities. The purpose of the national rurual economic developers association shall be: - to promote the exchange of ideas and information betweeen association members. - to provide members educational opportunities to encourage professional advancement. - to further the movement of growing and revitalizing rural america through economic enhancement.

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IRS990/MissionDesc0THE NATIONAL RURAL ECONOMIC DEVELOPERS ASSOCIATION IS A MEMBER ORGANIZATION DEDICATED TO THE ADVANCEMENT OF RURAL ECONOMIC DEVELOPMENT THROUGH PROVIDING EDUCATION AND NETWORKING OPPORTUNITIES. THE PURPOSE OF THE NATIONAL RURUAL ECONOMIC DEVELOPERS ASSOCIATION SHALL BE: - TO PROMOTE THE EXCHANGE OF IDEAS AND INFORMATION BETWEEEN ASSOCIATION MEMBERS. - TO PROVIDE MEMBERS EDUCATIONAL OPPORTUNITIES TO ENCOURAGE PROFESSIONAL ADVANCEMENT. - TO FURTHER THE MOVEMENT OF GROWING AND REVITALIZING RURAL AMERICA THROUGH ECONOMIC ENHANCEMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NATIONAL RURAL ECONOMIC DEVELOPERS ASSOCIATION IS A MEMBER ORGANIZATION DEDICATED TO THE ADVANCEMENT OF RURAL ECONOMIC DEVELOPMENT THROUGH PROVIDING EDUCATION AND NETWORKING OPPORTUNITIES. THE PURPOSE OF THE NATIONAL RURUAL ECONOMIC DEVELOPERS ASSOCIATION SHALL BE: - TO PROMOTE THE EXCHANGE OF IDEAS AND INFORMATION BETWEEEN ASSOCIATION MEMBERS. - TO PROVIDE MEMBERS EDUCATIONAL OPPORTUNITIES TO ENCOURAGE PROFESSIONAL ADVANCEMENT. - TO FURTHER THE MOVEMENT OF GROWING AND REVITALIZING RURAL AMERICA THROUGH ECONOMIC ENHANCEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SECTION B, QUESTION 15A - NATIONAL RURAL ECONOMIC DEVELOPERS ASSOCIATION DOES NOT COMPENSATE ANY INDIVIDUAL. HOWEVER, THE BOARD OF DIRECTORS ENTERED INTO A MANAGEMENT AGREEMENT WITH ASSOCIATION MANAGEMENT LTD. TO MANAGE THE DAILY OPERATIONS AND EMPLOY AN INDIVIDUAL TO SERVE AS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE AGREEMENT IS APPROVED BY THE BOARD OF DIRECTORS BEFORE IT IS OFFERED TO ASSOCIATION MANAGEMENT LTD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ASSOCIATION MANAGEMENT, LTD. MANAGES THE DAY-TO-DAY OPERATIONS. ASSOCIATED MANAGEMENT, LTD. EMPLOYS LYNN HARKIN, WHO SERVES AS THE EXECUTIVE DIRECTOR OF NATIONAL RURAL ECONOMIC DEVELOPERS ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONSISTS OF DUES PAYING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS OF THE ASSOCIATION ELECT A BOARD OF DIRECTORS THAT ACT AS THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A DRAFT OF THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS AND REVIEWED BEFORE THE FORM IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ENFORCEMENT OF CONFLICTS POLICY ANNUALLY, THE BOARD MEMBERS AND MEMBERS OF MANAGEMENT SIGN A DECLARATION DISCLOSING ANY KNOWN CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PUBLIC IS ABLE TO VIEW THE ASSOCIATION'S GOVERNING DOCMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NATIONAL RURAL ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPERS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0NATI
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGOWEN HURST CLARK & SMITH PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
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ReturnHeader/PreparerPersonGrp/PhoneNum05152883279
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN K NEWTON CPA
ReturnHeader/ReturnTs02017-07-19T15:57:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.50$0.49$4.00$3.20$2.00$1.20
2023Detailed filing. Detailed filing data is available for this year.$3.15$0.34$2.81$2.43$2.27$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.05$2.64$2.57$2.25$0.32
2021Detailed filing. Detailed filing data is available for this year.$4.12$1.79$2.33$2.23$1.93$0.30
2020Detailed filing. Detailed filing data is available for this year.$2.90$0.87$2.03$1.77$1.53$0.24
2019Detailed filing. Detailed filing data is available for this year.$2.85$1.05$1.79$2.30$2.78$0.48
2018Detailed filing. Detailed filing data is available for this year.$2.92$0.65$2.27$1.98$2.30$0.32
2017Detailed filing. Detailed filing data is available for this year.$3.21$0.62$2.59$2.06$1.75$0.31
2016Detailed filing. Detailed filing data is available for this year.$2.89$0.61$2.28$2.07$1.73$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.67$0.74$1.94$1.98$1.56$0.42
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.84$1.52$1.69$1.66$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.40$0.92$1.48$1.51$1.57$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.57$1.55$1.61$1.42$0.19
2011Summary only. Only limited summary data is available for this year.$2.04$0.68$1.54$1.22$0.32