Civic Intelligence

Calhoun County Economic Development

EIN 42-1364614 • 501(c)4 • Rockwell City, IA

Profile

Promote and serve the communities within calhoun county

501 Court StreetRockwell City, IA 50579

n/A

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.77x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

9.47x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

51st percentile

9.1%

Higher net margin than 51% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

37th percentile

0.8%

Faster asset growth than 37% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

16%

Faster revenue growth than 66% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,683,261

Up $13,473 (+0.8%) from 2023

Liabilities

Up

$1,301,343

Up $922 (+0.1%) from 2023

Net Assets

Up

$381,918

Up $12,551 (+3.4%) from 2023

Revenue

Up

$137,414

Up $19,272 (+16%) from 2023

Expenses

Up

$124,863

Up $44,023 (+54%) from 2023

Net Income

Down

$12,551

Down $24,751 (-66%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $224,963Liabilities 2012: $1,844Net Assets 2012: $223,1192012Assets 2013: $227,275Liabilities 2013: $1,791Net Assets 2013: $225,4842013Assets 2014: $243,069Liabilities 2014: $2,250Net Assets 2014: $240,8192014Assets 2015: $252,934Liabilities 2015: $2,512Net Assets 2015: $250,4222015Assets 2016: $241,233Liabilities 2016: $2,393Net Assets 2016: $238,8402016Assets 2017: $250,452Liabilities 2017: $1,769Net Assets 2017: $248,6832017Assets 2018: $262,966Liabilities 2018: $1,724Net Assets 2018: $261,2422018Assets 2019: $244,515Liabilities 2019: $1,831Net Assets 2019: $242,6842019Assets 2020: $243,072Liabilities 2020: $1,932Net Assets 2020: $241,1402020Assets 2021: $290,212Liabilities 2021: $2,485Net Assets 2021: $287,7272021Assets 2022: $1,691,853Liabilities 2022: $1,410,783Net Assets 2022: $281,0702022Assets 2023: $1,669,788Liabilities 2023: $1,300,421Net Assets 2023: $369,3672023Assets 2024: $1,683,261Liabilities 2024: $1,301,343Net Assets 2024: $381,9182024

Highlighted filing

2024

Assets$1,683,261
Liabilities$1,301,343
Net Assets$381,918

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $84,642Expenses 2012: $80,953Net Income 2012: $3,6892012Revenue 2013: $84,823Expenses 2013: $82,458Net Income 2013: $2,3652013Revenue 2014: $96,828Expenses 2014: $81,498Net Income 2014: $15,3302014Revenue 2015: $94,377Expenses 2015: $84,774Net Income 2015: $9,6032015Revenue 2016: $92,725Expenses 2016: $104,307Net Income 2016: -$11,5822016Revenue 2017: $91,468Expenses 2017: $81,627Net Income 2017: $9,8412017Revenue 2018: $96,326Expenses 2018: $83,767Net Income 2018: $12,5592018Revenue 2019: $103,694Expenses 2019: $122,254Net Income 2019: -$18,5602019Revenue 2020: $95,687Expenses 2020: $97,230Net Income 2020: -$1,5432020Revenue 2021: $280,798Expenses 2021: $234,211Net Income 2021: $46,5872021Revenue 2022: $211,954Expenses 2022: $99,296Net Income 2022: $112,6582022Revenue 2023: $118,142Expenses 2023: $80,840Net Income 2023: $37,3022023Revenue 2024: $137,414Expenses 2024: $124,863Net Income 2024: $12,5512024

Highlighted filing

2024

Revenue$137,414
Expenses$124,863
Net Income$12,551

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$1.68$1.30$0.38$0.14$0.12$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$1.30$0.37$0.12$0.08$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$1.41$0.28$0.21$0.10$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.28$0.23$0.05
2020Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.10$0.10$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.10$0.12$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.00$0.26$0.10$0.08$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.00$0.25$0.09$0.08$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.09$0.10$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.09$0.08$0.01
2014Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.10$0.08$0.02
2013Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.08$0.08$0.00
2012Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$0.08$0.08$0.00
Latest Detailed Filing

The latest 2024 filing currently has summary financial data only. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jul 13, 2023
Return Version
2022v5.0
Gross Receipts
$118,142
Mission and Program Overview

Mission

Promote and serve the communities within calhoun county

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$994,132$937,010▼ $57,122
Savings and Temporary Cash Investments$551,649$528,848▼ $22,801
Other Notes and Loans Receivable, Net$143,760$202,343▲ $58,583
Land, Buildings, and Equipment, Net$1,812$1,087▼ $725
Total Assets$1,691,853$1,669,788▼ $22,065
Other Assets Total$500$500→ $0
Liabilities
Unsecured Notes Loans Payable$1,408,750$1,299,781▼ $108,969
Accounts Payable and Accrued Expenses$2,033$640▼ $1,393
Total Liabilities$1,410,783$1,300,421▼ $110,362
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$281,070$369,367▲ $88,297
Total Net Assets Fund Balance$281,070$369,367▲ $88,297
Total Liabilities and Net Assets / Fund Balance$1,691,853$1,669,788▼ $22,065

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,087$12,238-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Riley BleamDirectorFT$38,524-$38,524
Linda M SchmittTreasurer--$2,784$2,784

Board Members and Trustees

NameTitle
Keaton HildrethPresident
Ann GemberlingDirector
Brandon LynchDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$106,960
Program Service Revenue
$6,726
Investment Income
$4,456
Other Revenue
$0
All Other Contributions
$10,960
Change in Net Assets
$37,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$59,671
Other Expenses$21,169
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$35,290$3,921$0$39,211
Other Employee Benefits$12,771$1,419$0$14,190
All Other Expenses$9,588$1,065$0$10,653
Pension Plan Contributions$3,332$370$0$3,702
Fees for Services Accounting$2,505$278$0$2,783
Payroll Taxes$2,311$257$0$2,568
Advertising$1,738$193$0$1,931
Insurance$1,404$156$0$1,560
Other Expenses$1,299$144$0$1,443
Depreciation Depletion$725$0$0$725
Travel$650$72$0$722
Office Expenses$573$64$0$637
Fees for Services Legal$557$62$0$619
Total Functional Expenses$72,829$8,011$0$80,840
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
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Calhoun County Economic Development
EIN
42-1364614
Phone
7122975601
Address
501 COURT STREET, ROCKWELL CITY, IA 50579

Signing Officer

Name
Keaton Hildreth
Title
President
Phone
7122975601
Signed
2023-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keaton Hildreth
Formed
1990
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
12

Preparer

Firm
Linda M Schmitt LLC
Address
406 Park St PO Box 311, Lohrville, IA 51453
Preparer
Linda M Schmitt
Phone
7124652202
Supplemental Narrative

Additional Explanations

Pt V, Line 3B

No unrelated business income

Pt VI, Line 8A

Minutes are taken every meeting

Pt V, Line 13A

REVIEWED BY PRESIDENT

Pt VI, Line 19

Available at accountant's office

Pt XII, Line 1

INCOME TAX BASIS

Pt XII, Line 2C

Financial statements reviewed by board

Pt XII, Line 3B

NOT SUBJECT TO AUDIT

Pt VI, Line 8B

Reviewed by executive board

Pt VI, Line 11B

Copy is available at ccedc office

Pt VI, Line 15A

Reviewed by executive board

Form 990, Part IX, Line 24E

Marketing 5500. 4950. 550. 0.

Form 990, Part IX, Line 24E

Membership fees/dues 2092. 1883. 209. 0.

Form 990, Part IX, Line 24E

MEALS 211. 190. 21. 0.

Form 990, Part IX, Line 24E

Annual meeting 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Computer technology 740. 666. 74. 0.

Form 990, Part IX, Line 24E

Subscriptions 329. 296. 33. 0.

Form 990, Part IX, Line 24E

Internet/website expense 1000. 900. 100. 0.

Form 990, Part IX, Line 24E

Property tax 600. 540. 60. 0.

Form 990, Part IX, Line 24E

Other expense 181. 163. 18. 0.

Raw XML Appendix383 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01087
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012238
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt013325
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01087
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO UNRELATED BUSINESS INCOME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MINUTES ARE TAKEN EVERY MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE AT ACCOUNTANT'S OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCOME TAX BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS REVIEWED BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NOT SUBJECT TO AUDIT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7REVIEWED BY EXECUTIVE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8COPY IS AVAILABLE AT CCEDC OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9REVIEWED BY EXECUTIVE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MARKETING 5500. 4950. 550. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MEMBERSHIP FEES/DUES 2092. 1883. 209. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12MEALS 211. 190. 21. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13ANNUAL MEETING 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14COMPUTER TECHNOLOGY 740. 666. 74. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15SUBSCRIPTIONS 329. 296. 33. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16INTERNET/WEBSITE EXPENSE 1000. 900. 100. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17PROPERTY TAX 600. 540. 60. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18OTHER EXPENSE 181. 163. 18. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt V, Line 13a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XII, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01691853
IRS990/TotalAssetsEOYAmt01669788
IRS990/TotalAssetsGrp/BOYAmt01691853
IRS990/TotalAssetsGrp/EOYAmt01669788
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IRS990/TotalContributionsAmt0106960
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08011
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072829
IRS990/TotalFunctionalExpensesGrp/TotalAmt080840
IRS990/TotalGrossUBIAmt01119
IRS990/TotalLiabilitiesBOYAmt01410783
IRS990/TotalLiabilitiesEOYAmt01300421
IRS990/TotalLiabilitiesGrp/BOYAmt01410783
IRS990/TotalLiabilitiesGrp/EOYAmt01300421
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0281070
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0369367
IRS990/TotalOtherCompensationAmt02784
IRS990/TotalProgramServiceExpensesAmt072829
IRS990/TotalProgramServiceRevenueAmt06726
IRS990/TotalReportableCompFromOrgAmt038524
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010063
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0118142
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01119
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01691853
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01669788
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt072
IRS990/TravelGrp/ProgramServicesAmt0650
IRS990/TravelGrp/TotalAmt0722
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01408750
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01299781
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0501 COURT STREET
IRS990/USAddress/CityNm0ROCKWELL CITY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050579
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEATON HILDRETH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07122975601
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CALHOUN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0CALH
ReturnHeader/Filer/EIN0421364614
ReturnHeader/Filer/PhoneNum07122975601
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 COURT STREET
ReturnHeader/Filer/USAddress/CityNm0ROCKWELL CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050579
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383655414
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Linda M Schmitt LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0406 Park St PO Box 311
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lohrville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051453
ReturnHeader/PreparerPersonGrp/PhoneNum07124652202
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Linda M Schmitt
ReturnHeader/ReturnTs02023-08-01T08:23:20-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEATON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HILDRETH
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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