Civic Intelligence

Regional Economic Development Investments Inc.

990 • Fiscal year 2018 • EIN 42-1359539

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 11, 2019

Organization ProfileN/A
PO Box 1110Ottumwa, IA 52501

(641) 684-6551

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

25th percentile

-4.7%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,527,483

Down $76,132 (-4.7%) from 2017

Net Assets

Down

$1,526,382

Down $76,665 (-4.8%) from 2017

Liabilities

Up

$1,101

Up $533 (+94%) from 2017

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin19th percentile

Revenue

Down

$664,921

Down $287,503 (-30%) from 2017

Expenses

Up

$741,586

Up $560,533 (+310%) from 2017

Net Income

Down

-$76,665

Down $848,036 (-110%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $990,069Liabilities 2011: $4,706Net Assets 2011: $985,3632011Assets 2012: $952,932Liabilities 2012: $3,473Net Assets 2012: $949,4592012Assets 2013: $954,419Liabilities 2013: $5,514Net Assets 2013: $948,9052013Assets 2014: $879,586Liabilities 2014: $907Net Assets 2014: $878,6792014Assets 2015: $885,062Liabilities 2015: $0Net Assets 2015: $885,0622015Assets 2016: $832,589Liabilities 2016: $913Net Assets 2016: $831,6762016Assets 2017: $1,603,615Liabilities 2017: $568Net Assets 2017: $1,603,0472017Assets 2018: $1,527,483Liabilities 2018: $1,101Net Assets 2018: $1,526,3822018Assets 2019: $1,390,044Liabilities 2019: $1,297Net Assets 2019: $1,388,7472019Assets 2020: $1,369,568Liabilities 2020: $0Net Assets 2020: $1,369,5682020Assets 2021: $2,112,931Liabilities 2021: $13,253Net Assets 2021: $2,099,6782021Assets 2022: $2,310,170Liabilities 2022: $19,188Net Assets 2022: $2,290,9822022Assets 2023: $2,325,361Liabilities 2023: $0Net Assets 2023: $2,325,3612023Assets 2024: $2,373,890Liabilities 2024: $5,092Net Assets 2024: $2,368,7982024Assets 2025: $2,359,640Liabilities 2025: $9,585Net Assets 2025: $2,350,0552025

Highlighted filing

2018

Assets$1,527,483
Liabilities$1,101
Net Assets$1,526,382
Open 2018 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $21,979Expenses 2011: $90,985Net Income 2011: -$69,0062011Revenue 2012: $16,023Expenses 2012: $51,927Net Income 2012: -$35,9042012Expenses 2013: $17,2182013Revenue 2014: $13,771Expenses 2014: $83,997Net Income 2014: -$70,2262014Revenue 2015: $9,550Expenses 2015: $3,167Net Income 2015: $6,3832015Revenue 2016: $18,845Expenses 2016: $72,231Net Income 2016: -$53,3862016Revenue 2017: $952,424Expenses 2017: $181,053Net Income 2017: $771,3712017Revenue 2018: $664,921Expenses 2018: $741,586Net Income 2018: -$76,6652018Revenue 2019: $83,927Expenses 2019: $221,562Net Income 2019: -$137,6352019Revenue 2020: $38,237Expenses 2020: $57,416Net Income 2020: -$19,1792020Revenue 2021: $830,317Expenses 2021: $100,207Net Income 2021: $730,1102021Revenue 2022: $387,034Expenses 2022: $195,730Net Income 2022: $191,3042022Revenue 2023: $51,147Expenses 2023: $16,768Net Income 2023: $34,3792023Revenue 2024: $66,597Expenses 2024: $23,160Net Income 2024: $43,4372024Revenue 2025: $55,315Expenses 2025: $74,058Net Income 2025: -$18,7432025

Highlighted filing

2018

Revenue$664,921
Expenses$741,586
Net Income-$76,665
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 11, 2019
Return Version
2017v2.3
Gross Receipts
$664,921
Mission and Program Overview

Mission

Administration of a revolving loan fund. Our mission is to provide loans to businesses in the area by issuing gap financing in order to leverage loans from banks and grants from the state. Our objective is to use these loans to increase the employment base in the area. In addition, we also provided forgivable loans to businesses in wapello county, these forgivable loans are made in order to increase business and employment in the area.

Administration of a revolving loan fund. Our mission is to provide loans to businesses in the area by issuing gap financing in order to leverage loans from banks and grants from the state. Out objective is to use these loans to increase the employment base in the area. In addition, we also provided forgivable loans to businesses in wapello county. These forgivable loans are made in order to increase business and employment in the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,603,047--
Rtn Earn Endowment Incm Other Fnds-$1,526,382-
Investments Program Related$1,499,222$1,383,999▼ $115,223
Savings and Temporary Cash Investments$104,393$143,484▲ $39,091
Total Assets$1,603,615$1,527,483▼ $76,132
Liabilities
Accounts Payable and Accrued Expenses$568$1,101▲ $533
Total Liabilities$568$1,101▲ $533
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,603,047$1,526,382▼ $76,665
Total Liabilities and Net Assets / Fund Balance$1,603,615$1,527,483▼ $76,132

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,383,999--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Greg KenningChairman
Lee DimmitVice-chairma
Donnie GarrettDirector
Douglas L GlandonDirector
John HelgersonDirector
Joshua LarabyDirector
Mark DolandDirector
Matt GreinerDirector
Mike HadleyDirector
Ted NixonDirector
Brian ZieglerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$638,741
Program Service Revenue
$26,072
Investment Income
$108
Other Revenue
$0
All Other Contributions
$638,741
Change in Net Assets
$-76,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$735,583
Other Expenses$6,003
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$735,583--$735,583
Fees for Services Legal$2,821--$2,821
Other Expenses$481--$481
Total Functional Expenses$741,586$0$0$741,586
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
IamagtechOttumwa, IA--$523,250
Tlc DevelopersCedar Rapids, IA--$163,333
C & C ManufacturingOttumwa, IA--$49,000
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
Lobbying 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
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Reviewed by president, who discusses it with the other board members prior to approval.”

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

“President monitors the members, and the other members monitor the president to ensure no perceived or actual conflict of interest exsists.”

Form 990, Page 6, Part VI, Line 19

“Available to the public upon request, during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Regional Economic Development
EIN
42-1359539
Phone
6416846551
Address
PO BOX 1110, OTTUMWA, IA 52501

Signing Officer

Name
Greg Kenning
Title
Chairman
Phone
6416846551
Signed
2019-02-11

Organization Details

Principal Officer
Greg Kenning
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Anderson Larkin & Co Pc
Address
221 N WAPELLO, OTTUMWA, IA 52501
Preparer
Kenneth E Crosser
Phone
6416845489
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Administration of a revolving loan fund. Our mission is to provide loans to businesses in the area by issuing gap financing in order to leverage loans from banks and grants from the state. Out objective is to use these loans to increase the employment base in the area. In addition, we also provided forgivable loans to businesses in wapello county. These forgivable loans are made in order to increase business and employment in the area.”

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0952424
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt018845
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt09550
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt013771
IRS990ScheduleA/Total509Grp/TotalAmt01659511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0664921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0952424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt018845
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt09550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt013771
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01659511
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01383999
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IRS990ScheduleI/RecipientTable/CashGrantAmt149000
IRS990ScheduleI/RecipientTable/CashGrantAmt2163333
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1C & C MANUFACTURING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TLC DEVELOPERS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01533 TRUMAN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt115075 ALJON AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt24515 20TH AVE SW SUITE B
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OTTUMWA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1OTTUMWA
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd152501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd252404
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADMINISTRATION OF A REVOLVING LOAN FUND. OUR MISSION IS TO PROVIDE LOANS TO BUSINESSES IN THE AREA BY ISSUING GAP FINANCING IN ORDER TO LEVERAGE LOANS FROM BANKS AND GRANTS FROM THE STATE. OUT OBJECTIVE IS TO USE THESE LOANS TO INCREASE THE EMPLOYMENT BASE IN THE AREA. IN ADDITION, WE ALSO PROVIDED FORGIVABLE LOANS TO BUSINESSES IN WAPELLO COUNTY. THESE FORGIVABLE LOANS ARE MADE IN ORDER TO INCREASE BUSINESS AND EMPLOYMENT IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY PRESIDENT, WHO DISCUSSES IT WITH THE OTHER BOARD MEMBERS PRIOR TO APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRESIDENT MONITORS THE MEMBERS, AND THE OTHER MEMBERS MONITOR THE PRESIDENT TO ENSURE NO PERCEIVED OR ACTUAL CONFLICT OF INTEREST EXSISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE TO THE PUBLIC UPON REQUEST, DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01527483
IRS990/TotalAssetsGrp/BOYAmt01603615
IRS990/TotalAssetsGrp/EOYAmt01527483
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0638741
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0741586
IRS990/TotalFunctionalExpensesGrp/TotalAmt0741586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0568
IRS990/TotalLiabilitiesEOYAmt01101
IRS990/TotalLiabilitiesGrp/BOYAmt0568
IRS990/TotalLiabilitiesGrp/EOYAmt01101
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01603047
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01526382
IRS990/TotalProgramServiceExpensesAmt0741586
IRS990/TotalProgramServiceRevenueAmt026072
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026180
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0664921
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01603615
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01527483
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0224 2ND ST EAST 2
IRS990/USAddress/CityNm0OTTUMWA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052501
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG KENNING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06416846551
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGIONAL ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INVESTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0REGI
ReturnHeader/Filer/EIN0421359539
ReturnHeader/Filer/PhoneNum06416846551
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1110
ReturnHeader/Filer/USAddress/CityNm0OTTUMWA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052501
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01668886FD7AD920A7C08149F54E903DFCDBFAD19
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01668886FD7AD920A7C08149F54E903DFCDBFAD19
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.64.128.102
ReturnHeader/FilingSecurityInformation/IPDt02019-02-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:21:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421125570
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDERSON LARKIN & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0221 N WAPELLO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OTTUMWA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052501
ReturnHeader/PreparerPersonGrp/PhoneNum06416845489
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH E CROSSER
ReturnHeader/ReturnTs02019-02-22T15:21:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,527,483
Liabilities
$1,101
Net assets
$1,526,382
Revenue
$664,921
Expenses
$741,586
Net income
-$76,665
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.36$0.01$2.35$0.06$0.07$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.37$0.01$2.37$0.07$0.02$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.05$0.02$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.31$0.02$2.29$0.39$0.20$0.19
2021Detailed filing. Detailed filing data is available for this year.$2.11$0.01$2.10$0.83$0.10$0.73
2020Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.04$0.06$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.08$0.22$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.66$0.74$0.08
2017Summary only. Only limited summary data is available for this year.$1.60$0.00$1.60$0.95$0.18$0.77
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.02$0.07$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.01$0.00$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.01$0.08$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.01$0.95$0.02
2012Summary only. Only limited summary data is available for this year.$0.95$0.00$0.95$0.02$0.05$0.04
2011Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$0.02$0.09$0.07