Civic Intelligence

O'Brien County Economic Development

990 • Fiscal year 2014 • EIN 42-1375644

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 17, 2014

Organization ProfileWWW.OBRIENCOUNTY.COM
C/O Kiana JohnsonPrimghar, IA 51245

(712) 261-1313

Siviq Scores

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

Liabilities / Assets

69th percentile

0.35x

Higher debt load relative to assets than 69% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

2.33x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

92nd percentile

26%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

25th percentile

$62,285

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 32.6% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

46th percentile

2.7%

Faster asset growth than 46% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

50th percentile

3.9%

Faster revenue growth than 50% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$1,284,785

Up $33,931 (+2.7%) from 2013

Net Assets

Up

$839,539

Up $49,371 (+6.2%) from 2013

Liabilities

Down

$445,246

Down $15,440 (-3.4%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin92nd percentile

Revenue

Up

$190,845

Up $7,114 (+3.9%) from 2013

Expenses

Up

$141,474

Up $7,478 (+5.6%) from 2013

Net Income

Down

$49,371

Down $364 (-0.7%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,197,703Liabilities 2011: $501,196Net Assets 2011: $696,5072011Assets 2012: $1,218,014Liabilities 2012: $477,581Net Assets 2012: $740,4332012Assets 2013: $1,250,854Liabilities 2013: $460,686Net Assets 2013: $790,1682013Assets 2014: $1,284,785Liabilities 2014: $445,246Net Assets 2014: $839,5392014Assets 2015: $1,741,255Liabilities 2015: $832,456Net Assets 2015: $908,7992015Assets 2016: $1,942,753Liabilities 2016: $802,975Net Assets 2016: $1,139,7782016Assets 2017: $1,980,384Liabilities 2017: $770,827Net Assets 2017: $1,209,5572017Assets 2018: $2,144,009Liabilities 2018: $887,186Net Assets 2018: $1,256,8232018Assets 2019: $2,337,493Liabilities 2019: $1,036,483Net Assets 2019: $1,301,0102019Assets 2020: $2,489,299Liabilities 2020: $1,143,492Net Assets 2020: $1,345,8072020Assets 2021: $2,589,468Liabilities 2021: $1,179,127Net Assets 2021: $1,410,3412021Assets 2022: $2,646,404Liabilities 2022: $1,112,069Net Assets 2022: $1,534,3352022Assets 2024: $2,930,424Liabilities 2024: $1,408,652Net Assets 2024: $1,521,7722024Assets 2025: $3,069,348Liabilities 2025: $1,476,222Net Assets 2025: $1,593,1262025

Highlighted filing

2014

Assets$1,284,785
Liabilities$445,246
Net Assets$839,539
Open 2014 Filing

Operations Trend

Revenue Growth50th percentile

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

$400K$200K$0-$200KExpenses 2011: $124,9502011Expenses 2012: $155,4742012Revenue 2013: $183,731Expenses 2013: $133,996Net Income 2013: $49,7352013Revenue 2014: $190,845Expenses 2014: $141,474Net Income 2014: $49,3712014Revenue 2015: $215,046Expenses 2015: $145,786Net Income 2015: $69,2602015Revenue 2016: $390,191Expenses 2016: $159,212Net Income 2016: $230,9792016Revenue 2017: $249,504Expenses 2017: $179,725Net Income 2017: $69,7792017Revenue 2018: $220,107Expenses 2018: $172,841Net Income 2018: $47,2662018Revenue 2019: $216,108Expenses 2019: $171,920Net Income 2019: $44,1882019Revenue 2020: $228,086Expenses 2020: $183,289Net Income 2020: $44,7972020Revenue 2021: $252,345Expenses 2021: $187,811Net Income 2021: $64,5342021Revenue 2022: $333,120Expenses 2022: $209,126Net Income 2022: $123,9942022Revenue 2024: $220,814Expenses 2024: $281,882Net Income 2024: -$61,0682024Revenue 2025: $283,583Expenses 2025: $212,229Net Income 2025: $71,3542025

Highlighted filing

2014

Revenue$190,845
Expenses$141,474
Net Income$49,371
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 17, 2014
Return Version
2013v4.0
Gross Receipts
$190,845
Mission and Program Overview

Mission

The ocedc mission is to conserve, improve, develop and expand existing industrial, commercial and professional enterprises.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$545,002$998,095▲ $453,093
Savings and Temporary Cash Investments$634,804$233,123▼ $401,681
Cash and Non-Interest-Bearing Accounts$62,176$41,550▼ $20,626
Land, Buildings, and Equipment, Net$4,988$7,839▲ $2,851
Accounts Receivable$1,872$3,003▲ $1,131
Total Assets$1,250,854$1,284,785▲ $33,931
Other Assets Total$2,012$1,175▼ $837
Liabilities
Other Liabilities$450,836$434,120▼ $16,716
Accounts Payable and Accrued Expenses$9,850$11,126▲ $1,276
Total Liabilities$460,686$445,246▼ $15,440
Net Assets / Fund Balance
Unrestricted Net Assets$790,168$839,539▲ $49,371
Total Net Assets Fund Balance$790,168$839,539▲ $49,371
Total Liabilities and Net Assets / Fund Balance$1,250,854$1,284,785▲ $33,931

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,839$29,637$37,476
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kiana JohnsonExec DirectoFT$58,890$3,395$62,285

Board Members and Trustees

NameTitle
Jim ZeutenhorstPresident
Chuck KummerfeldBoard Member
Curt StrouthBoard Member
David SchmidtBoard Member
Rodd HoltkampBoard Member
Tom FarnsworthBoard Member
Jon SteensmaCounty Super
Marty WeberTreasurer
Steve LengVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$159,285
Program Service Revenue
$29,198
Investment Income
$2,362
Other Revenue
$0
All Other Contributions
$4,593
Change in Net Assets
$49,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$190,845
Total Revenue per Audited Statements
$190,845
Total Revenue per Form 990
$190,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$91,053
Other Expenses$50,421
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-$62,911-$62,911
Fees for Services Other$32,289--$32,289
Other Salaries and Wages-$15,498-$15,498
Pension Plan Contributions-$6,612-$6,612
Payroll Taxes-$6,032-$6,032
Occupancy-$4,363-$4,363
Office Expenses-$3,396-$3,396
Travel-$3,248-$3,248
Insurance-$2,905-$2,905
Depreciation Depletion-$1,836-$1,836
Advertising-$1,369-$1,369
Fees for Services Accounting-$1,015-$1,015
Total Functional Expenses$32,289$109,185$0$141,474

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$141,474
Total Expenses per Audited Statements$141,474
Total Expenses per Form 990$141,474
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 - Usda - Rlf Loans$434,120
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
Yes
Other officer compensation reviewed
Yes
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

“A draft copy of the return is provided to the board of directors for their review at their monthly board meeting.”

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

“At the times of scheduled board meetings, several issues are discussed and voted on. Since the board consists of several local businessmen and women, if there are matters that could lead to financial gain to a particular board member, that board member refrains from voting on that issue.”

Form 990, Page 6, Part VI, Line 15A

“Every board member receives an evaluation form to complete to evaluate the director. The executive board (chair, vice chair and past chair) meet and review the forms and make recommendations to the complete board.”

Form 990, Page 6, Part VI, Line 15B

“A written evaluation is done by the director of the other employees and a recommendation is then made to the board for approval.”

Form 990, Page 6, Part VI, Line 19

“All documents and policies, including the annual form 990 and the irs' tax exempt status determination letter dated september 17, 2001 are made available for public inspection at all times. Items are provided as they are requested.”

Filing and Contact Details

Filer

EIN
42-1375644
Phone
7122611313

Signing Officer

Name
Kiana Johnson
Title
Executive Director
Phone
7122611313
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kiana Johnson
Formed
2001
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Preparer
Aaron D Prewitt CPA
Phone
7123242243
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Tourism fees 2,581 0 0 irp program costs 10,760 0 0 nw iowa development costs 17,181 0 0 miscellaneous 1,767 0 0”

Raw XML Appendix365 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE - USDA - RLF LOANS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AT THEIR MONTHLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE TIMES OF SCHEDULED BOARD MEETINGS, SEVERAL ISSUES ARE DISCUSSED AND VOTED ON. SINCE THE BOARD CONSISTS OF SEVERAL LOCAL BUSINESSMEN AND WOMEN, IF THERE ARE MATTERS THAT COULD LEAD TO FINANCIAL GAIN TO A PARTICULAR BOARD MEMBER, THAT BOARD MEMBER REFRAINS FROM VOTING ON THAT ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EVERY BOARD MEMBER RECEIVES AN EVALUATION FORM TO COMPLETE TO EVALUATE THE DIRECTOR. THE EXECUTIVE BOARD (CHAIR, VICE CHAIR AND PAST CHAIR) MEET AND REVIEW THE FORMS AND MAKE RECOMMENDATIONS TO THE COMPLETE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A WRITTEN EVALUATION IS DONE BY THE DIRECTOR OF THE OTHER EMPLOYEES AND A RECOMMENDATION IS THEN MADE TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS AND POLICIES, INCLUDING THE ANNUAL FORM 990 AND THE IRS' TAX EXEMPT STATUS DETERMINATION LETTER DATED SEPTEMBER 17, 2001 ARE MADE AVAILABLE FOR PUBLIC INSPECTION AT ALL TIMES. ITEMS ARE PROVIDED AS THEY ARE REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TOURISM FEES 2,581 0 0 IRP PROGRAM COSTS 10,760 0 0 NW IOWA DEVELOPMENT COSTS 17,181 0 0 MISCELLANEOUS 1,767 0 0
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0159285
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032289
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt029198
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IRS990/TravelGrp/TotalAmt03248
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IRS990/USAddress/State0IA
IRS990/USAddress/ZIPCode051245
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.OBRIENCOUNTY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIANA JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07122611313
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10O'BRIEN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0OBRI
ReturnHeader/Filer/EIN0421375644
ReturnHeader/Filer/PhoneNum07122611313
ReturnHeader/Filer/USAddress/AddressLine10C/O KIANA JOHNSON
ReturnHeader/Filer/USAddress/City0PRIMGHAR
ReturnHeader/Filer/USAddress/State0IA
ReturnHeader/Filer/USAddress/ZIPCode051245
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421377056
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WILLIAMS & COMPANY CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10934 3RD AVE STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SHELDON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0512011974
ReturnHeader/PreparerPersonGrp/PhoneNum07123242243
ReturnHeader/PreparerPersonGrp/PreparationDt02015-01-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON D PREWITT CPA
ReturnHeader/ReturnTs02015-02-03T09:09:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,284,785
Liabilities
$445,246
Net assets
$839,539
Revenue
$190,845
Expenses
$141,474
Net income
$49,371
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.07$1.48$1.59$0.28$0.21$0.07
2024Detailed filing. Detailed filing data is available for this year.$2.93$1.41$1.52$0.22$0.28$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.65$1.11$1.53$0.33$0.21$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.59$1.18$1.41$0.25$0.19$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.49$1.14$1.35$0.23$0.18$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.34$1.04$1.30$0.22$0.17$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.14$0.89$1.26$0.22$0.17$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.98$0.77$1.21$0.25$0.18$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.94$0.80$1.14$0.39$0.16$0.23
2015Detailed filing. Detailed filing data is available for this year.$1.74$0.83$0.91$0.22$0.15$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.28$0.45$0.84$0.19$0.14$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.46$0.79$0.18$0.13$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.48$0.74$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.50$0.70$0.12