Civic Intelligence

O'Brien County Economic Development

990 • Fiscal year 2019 • EIN 42-1375644

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 10, 2019

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

80th percentile

0.44x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

4.80x

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

87th percentile

20%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$73,854

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 34.2% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

9.0%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-1.8%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$2,337,493

Up $193,484 (+9.0%) from 2018

Net Assets

Up

$1,301,010

Up $44,187 (+3.5%) from 2018

Liabilities

Up

$1,036,483

Up $149,297 (+17%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin87th percentile

Revenue

Down

$216,108

Down $3,999 (-1.8%) from 2018

Expenses

Down

$171,920

Down $921 (-0.5%) from 2018

Net Income

Down

$44,188

Down $3,078 (-6.5%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2019

Assets$2,337,493
Liabilities$1,036,483
Net Assets$1,301,010
Open 2019 Filing

Operations Trend

Revenue Growth30th 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

2019

Revenue$216,108
Expenses$171,920
Net Income$44,188
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 10, 2019
Return Version
2018v3.2
Gross Receipts
$216,108
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
Savings and Temporary Cash Investments$948,866$1,199,017▲ $250,151
Other Notes and Loans Receivable, Net$1,165,691$1,104,326▼ $61,365
Land, Buildings, and Equipment, Net$24,340$19,102▼ $5,238
Prepaid Expenses and Deferred Charges$2,199$11,930▲ $9,731
Accounts Receivable$479$595▲ $116
Total Assets$2,144,011$2,337,493▲ $193,482
Other Assets Total$2,436$2,523▲ $87
Liabilities
Mortgage Notes Payable Secured by Investment Property$872,620$1,023,581▲ $150,961
Accounts Payable and Accrued Expenses$14,569$12,902▼ $1,667
Total Liabilities$887,189$1,036,483▲ $149,294
Net Assets / Fund Balance
Unrestricted Net Assets$1,256,822$1,301,010▲ $44,188
Total Net Assets Fund Balance$1,256,822$1,301,010▲ $44,188
Total Liabilities and Net Assets / Fund Balance$2,144,011$2,337,493▲ $193,482

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,102$51,118$70,220
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kiana JohnsonExec DirectoFT$73,854$73,854

Board Members and Trustees

NameTitle
Jim ZeutenhorstPresident
Curt StrouthBoard Member
David SchmidtBoard Member
Rodd HoltkampBoard Member
Sharon FlindersBoard Member
Tom FarnsworthBoard Member
Nancy McdowellCounty Super
Marty WeberTreasurer
Steve LengVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$164,118
Program Service Revenue
$39,108
Investment Income
$10,782
Other Revenue
$2,100
All Other Contributions
$5,594
Change in Net Assets
$44,188

Audited Revenue Reconciliation

Revenue per Audited Statements
$216,108
Total Revenue per Audited Statements
$216,108
Total Revenue per Form 990
$216,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$109,319
Other Expenses$62,601
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-$75,497-$75,497
Other Salaries and Wages-$17,851-$17,851
Fees for Services Other$16,220$832-$17,052
Interest$9,878--$9,878
Fees for Services Accounting$9,755--$9,755
Pension Plan Contributions-$8,887-$8,887
Payroll Taxes-$7,084-$7,084
Depreciation Depletion-$6,088-$6,088
Occupancy-$4,353-$4,353
Travel-$4,142-$4,142
Advertising-$3,892-$3,892
Office Expenses-$3,825-$3,825
Insurance-$2,559-$2,559
Conferences and Meetings-$1,057-$1,057
Total Functional Expenses$35,853$136,067$0$171,920

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$171,920
Total Expenses per Audited Statements$171,920
Total Expenses per Form 990$171,920
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 completed copy of the return (prior to filing) 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
2019-01-10
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

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.”

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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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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 COMPLETED COPY OF THE RETURN (PRIOR TO FILING) 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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-10
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ReturnHeader/FilingSecurityInformation/IPTm010:12:49
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAMS & COMPANY CPA PC
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ReturnHeader/ReturnTs02020-01-21T10:12:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,337,493
Liabilities
$1,036,483
Net assets
$1,301,010
Revenue
$216,108
Expenses
$171,920
Net income
$44,188
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