Civic Intelligence

O'Brien County Economic Development

990 • Fiscal year 2017 • EIN 42-1375644

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 28, 2017

Organization ProfileWWW.OBRIENCOUNTY.COM
PO Box 616Primghar, IA 51245

(712) 261-1313

Siviq Scores

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

Liabilities / Assets

74th percentile

0.39x

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

3.09x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

92nd percentile

28%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

38th percentile

1.9%

Faster asset growth than 38% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-36%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$1,980,384

Up $37,631 (+1.9%) from 2016

Net Assets

Up

$1,209,557

Up $69,779 (+6.1%) from 2016

Liabilities

Down

$770,827

Down $32,148 (-4.0%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin92nd percentile

Revenue

Down

$249,504

Down $140,687 (-36%) from 2016

Expenses

Up

$179,725

Up $20,513 (+13%) from 2016

Net Income

Down

$69,779

Down $161,200 (-70%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2017

Assets$1,980,384
Liabilities$770,827
Net Assets$1,209,557
Open 2017 Filing

Operations Trend

Revenue Growth3rd 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

2017

Revenue$249,504
Expenses$179,725
Net Income$69,779
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 28, 2017
Return Version
2016v3.0
Gross Receipts
$249,504
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$1,434,802$1,419,931▼ $14,871
Savings and Temporary Cash Investments$432,343$521,218▲ $88,875
Cash and Non-Interest-Bearing Accounts$55,700--
Land, Buildings, and Equipment, Net$10,439$30,481▲ $20,042
Prepaid Expenses and Deferred Charges-$2,786-
Accounts Receivable$6,264$2,491▼ $3,773
Total Assets$1,942,753$1,980,384▲ $37,631
Other Assets Total$3,205$3,477▲ $272
Liabilities
Mortgage Notes Payable Secured by Investment Property$788,598$758,279▼ $30,319
Accounts Payable and Accrued Expenses$14,377$12,548▼ $1,829
Total Liabilities$802,975$770,827▼ $32,148
Net Assets / Fund Balance
Unrestricted Net Assets$1,139,778$1,209,557▲ $69,779
Total Net Assets Fund Balance$1,139,778$1,209,557▲ $69,779
Total Liabilities and Net Assets / Fund Balance$1,942,753$1,980,384▲ $37,631

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,481$38,889$69,370
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Kiana JohnsonExec DirectoFT$73,510$73,510

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$194,206
Program Service Revenue
$50,156
Investment Income
$2,813
Other Revenue
$2,329
All Other Contributions
$9,572
Change in Net Assets
$69,779

Audited Revenue Reconciliation

Revenue per Audited Statements
$249,504
Total Revenue per Audited Statements
$249,504
Total Revenue per Form 990
$249,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$102,766
Other Expenses$76,959
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-$73,510-$73,510
Fees for Services Other$24,371--$24,371
Other Salaries and Wages-$14,804-$14,804
Other Expenses$10,218--$10,218
Fees for Services Accounting$8,300$1,146-$9,446
Interest$8,100--$8,100
Pension Plan Contributions-$7,564-$7,564
Payroll Taxes-$6,888-$6,888
Travel-$6,445-$6,445
Depreciation Depletion-$4,738-$4,738
Occupancy-$4,538-$4,538
Advertising-$3,446-$3,446
Insurance-$2,867-$2,867
Office Expenses-$2,298-$2,298
Conferences and Meetings-$492-$492
Total Functional Expenses$50,989$128,736$0$179,725

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$179,725
Total Expenses per Audited Statements$179,725
Total Expenses per Form 990$179,725
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
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
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 was 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 employee 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

Filer Name
O'BRIEN COUNTY ECONOMIC DEVELOPMENT
EIN
42-1375644
Phone
7122611313
Address
PO BOX 616, PRIMGHAR, IA 51245

Signing Officer

Name
Kiana Johnson
Title
Exec Directo
Phone
7122611313
Signed
2017-11-28
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
Volunteers
9

Preparer

Firm
Williams & Company CPA Pc
Address
934 3RD AVE STE 300, SHELDON, IA 51201-1974
Preparer
Aaron D Prewitt CPA
Phone
7123242243
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“O'brien county economic development has various committees that meet on an irregular basis. These committees includes tourism, value added ag, enterprise zone, among others. All committee members are citizens of the county and all volunteer their time.”

Form 990, Part IX, Line 11G

“Tourism fees 7,676 0 0 nw iowa development costs 10,308 0 0 miscellaneous 6,387 0 0 total 24,371 0 0”

Raw XML Appendix374 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0O'BRIEN COUNTY ECONOMIC DEVELOPMENT HAS VARIOUS COMMITTEES THAT MEET ON AN IRREGULAR BASIS. THESE COMMITTEES INCLUDES TOURISM, VALUE ADDED AG, ENTERPRISE ZONE, AMONG OTHERS. ALL COMMITTEE MEMBERS ARE CITIZENS OF THE COUNTY AND ALL VOLUNTEER THEIR TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AT THEIR MONTHLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT 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/ExplanationTxt3EVERY 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/ExplanationTxt4A WRITTEN EVALUATION IS DONE BY THE DIRECTOR OF THE OTHER EMPLOYEE AND A RECOMMENDATION IS THEN MADE TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL 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/ExplanationTxt6TOURISM FEES 7,676 0 0 NW IOWA DEVELOPMENT COSTS 10,308 0 0 MISCELLANEOUS 6,387 0 0 TOTAL 24,371 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt050989
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IRS990/TotalReportableCompFromOrgAmt073510
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt052485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0249504
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IRS990/WebsiteAddressTxt0WWW.OBRIENCOUNTY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIANA JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTO
ReturnHeader/BusinessOfficerGrp/PhoneNum07122611313
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0O'BRIEN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0OBRI
ReturnHeader/Filer/EIN0421375644
ReturnHeader/Filer/PhoneNum07122611313
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId074E2F59BAD8C7455383966CBD4B3F2E29783587C
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421377056
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAMS & COMPANY CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0934 3RD AVE STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHELDON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0512011974
ReturnHeader/PreparerPersonGrp/PhoneNum07123242243
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON D PREWITT CPA
ReturnHeader/ReturnTs02017-11-28T16:02:34-06:00
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
$1,980,384
Liabilities
$770,827
Net assets
$1,209,557
Revenue
$249,504
Expenses
$179,725
Net income
$69,779
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