Civic Intelligence

Buchanan County Economic Development Commission

990 • Fiscal year 2022 • EIN 42-1441695

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 03, 2022

PO Box 109Independence, IA 50644

(319) 334-7497

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

Higher debt load relative to assets than 45% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

50th percentile

0.02x

Higher debt load relative to revenue than 50% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Net Margin

64th percentile

16%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

85th percentile

$58,500

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 39.1% of source-year revenue.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Asset Growth

52nd percentile

1.5%

Faster asset growth than 52% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

2.2%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$633,158

Up $9,058 (+1.5%) from 2021

Net Assets

Up

$630,288

Up $24,221 (+4.0%) from 2021

Liabilities

Down

$2,870

Down $15,163 (-84%) from 2021

Revenue

Up

$149,486

Up $3,154 (+2.2%) from 2021

Expenses

Up

$125,265

Up $19,507 (+18%) from 2021

Net Income

Down

$24,221

Down $16,353 (-40%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $454,014Liabilities 2011: $02011Assets 2012: $419,009Liabilities 2012: $3,418Net Assets 2012: $415,5912012Assets 2013: $339,576Liabilities 2013: $2,780Net Assets 2013: $336,7962013Assets 2014: $352,268Liabilities 2014: $228Net Assets 2014: $352,0402014Assets 2015: $371,085Liabilities 2015: $3,598Net Assets 2015: $367,4872015Assets 2016: $395,426Liabilities 2016: $2,754Net Assets 2016: $392,6722016Assets 2017: $507,028Liabilities 2017: $2,268Net Assets 2017: $504,7602017Assets 2018: $525,632Liabilities 2018: $3,392Net Assets 2018: $522,2402018Assets 2019: $554,988Liabilities 2019: $3,482Net Assets 2019: $551,5062019Assets 2020: $568,975Liabilities 2020: $3,482Net Assets 2020: $565,4932020Assets 2021: $624,100Liabilities 2021: $18,033Net Assets 2021: $606,0672021Assets 2022: $633,158Liabilities 2022: $2,870Net Assets 2022: $630,2882022Assets 2023: $629,321Liabilities 2023: $4,258Net Assets 2023: $625,0632023Assets 2024: $627,752Liabilities 2024: $3,988Net Assets 2024: $623,7642024Assets 2025: $634,988Liabilities 2025: $5,097Net Assets 2025: $629,8912025

Highlighted filing

2022

Assets$633,158
Liabilities$2,870
Net Assets$630,288

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $116,271Expenses 2011: $102,373Net Income 2011: $13,8982011Revenue 2012: $104,459Expenses 2012: $142,882Net Income 2012: -$38,4232012Revenue 2013: $104,446Expenses 2013: $183,241Net Income 2013: -$78,7952013Revenue 2014: $110,033Expenses 2014: $94,789Net Income 2014: $15,2442014Revenue 2015: $114,518Expenses 2015: $99,071Net Income 2015: $15,4472015Revenue 2016: $123,817Expenses 2016: $98,632Net Income 2016: $25,1852016Revenue 2017: $223,297Expenses 2017: $111,209Net Income 2017: $112,0882017Revenue 2018: $134,492Expenses 2018: $117,012Net Income 2018: $17,4802018Revenue 2019: $146,021Expenses 2019: $116,755Net Income 2019: $29,2662019Revenue 2020: $135,745Expenses 2020: $121,758Net Income 2020: $13,9872020Revenue 2021: $146,332Expenses 2021: $105,758Net Income 2021: $40,5742021Revenue 2022: $149,486Expenses 2022: $125,265Net Income 2022: $24,2212022Revenue 2023: $154,451Expenses 2023: $159,676Net Income 2023: -$5,2252023Revenue 2024: $160,014Expenses 2024: $161,313Net Income 2024: -$1,2992024Revenue 2025: $161,132Expenses 2025: $154,346Net Income 2025: $6,7862025

Highlighted filing

2022

Revenue$149,486
Expenses$125,265
Net Income$24,221
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 3, 2022
Return Version
2021v4.0
Gross Receipts
$149,486
Mission and Program Overview

Mission

The primary mission of buchanan county economic development commission (bcedc) is to foster a strong economic environment which supports business, nurtures growth and new investment while attracting sustainable businesses and a quality labor force to our communities. The organization will rely on trusting relationships to unite the communities of buchanan county to promote and facilitate economic development, and to improve the quality of life in our area by building sustainable wealth for those who live, work and play in this portion of the cedar valley region of iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$547,447$576,360▲ $28,913
Cash and Non-Interest-Bearing Accounts$16,763$2,196▼ $14,567
Land, Buildings, and Equipment, Net$1,137$626▼ $511
Total Assets$624,100$633,158▲ $9,058
Other Assets Total$58,753$53,976▼ $4,777
Liabilities
Unsecured Notes Loans Payable$15,283--
Accounts Payable and Accrued Expenses$2,750$2,870▲ $120
Total Liabilities$18,033$2,870▼ $15,163
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$606,067$630,288▲ $24,221
Total Net Assets Fund Balance$606,067$630,288▲ $24,221
Total Liabilities and Net Assets / Fund Balance$624,100$633,158▲ $9,058

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$626$8,790$9,416
Other Assets Org$17,888--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa KremerExecutive DiFT$58,500$58,500

Board Members and Trustees

NameTitle
Gerald DenniePresident
Ben StanfordDirector
Celia EvenDirector
Chris EvenDirector
Darrin HayzlettDirector
Dave YoungDirector
Dean HamlinDirector
Guy StacyDirector
John KurtzDirector
Landon GeaterDirector
Mary Ann DozarkDirector
Maurice WelshDirector
Mike HarterDirector
Rodger SillDirector
Teresa FloydDirector
Sue WebsterSecretary
Terry ToaleTreasurer
Clayton OhrtVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$146,945
Program Service Revenue
$0
Investment Income
$2,541
Other Revenue
$0
All Other Contributions
$121,662
Change in Net Assets
$24,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$68,498
Other Expenses$56,767
Total Fundraising Expense$8,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$32,175$20,475$5,850$58,500
All Other Expenses$9,184$2,884$276$12,344
Occupancy$8,824$980-$9,804
Advertising$4,908$614$614$6,136
Pension Plan Contributions$3,022$1,923$550$5,495
Other Expenses$3,397$679$453$4,529
Payroll Taxes$2,477$1,576$450$4,503
Fees for Services Accounting-$3,370-$3,370
Depreciation Depletion$460$51-$511
Total Functional Expenses$76,858$40,214$8,193$125,265
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
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
No
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

Governance Explanations

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

The form 990 will be reviewed at the next board meeting.

Form 990, Page 6, Part VI, Line 19

The form 990 is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Buchanan County Economic
EIN
42-1441695
Phone
3193347497
Address
PO BOX 109, INDEPENDENCE, IA 50644

Signing Officer

Name
Terry Toale
Title
Treasurer
Phone
3193347497
Signed
2022-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Kremer
Formed
1995
Legal Domicile
Ia
Voting Board Members
18
Independent Board Members
18
Employees
1

Preparer

Firm
Gosling & Company Pc
Address
217 N FRANKLIN ST, MANCHESTER, IA 52057-1538
Preparer
Ann O Manson
Phone
5639274810
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary mission of buchanan county economic development commission (bcedc) is to foster a strong economic environment which supports business, nurtures growth and new investment while attracting sustainable businesses and a quality labor force to our communities. The organization will rely on trusting relationships to unite the communities of buchanan county to promote and facilitate economic development, and to improve the quality of life in our area by building sustainable wealth for those who live, work and play in this portion of the cedar valley region of iowa.

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IRS990/MissionDesc0THE PRIMARY MISSION OF BUCHANAN COUNTY ECONOMIC DEVELOPMENT COMMISSION (BCEDC) IS TO FOSTER A STRONG ECONOMIC ENVIRONMENT WHICH SUPPORTS BUSINESS, NURTURES GROWTH AND NEW INVESTMENT WHILE ATTRACTING SUSTAINABLE BUSINESSES AND A QUALITY LABOR FORCE TO OUR COMMUNITIES. THE ORGANIZATION WILL RELY ON TRUSTING RELATIONSHIPS TO UNITE THE COMMUNITIES OF BUCHANAN COUNTY TO PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND TO IMPROVE THE QUALITY OF LIFE IN OUR AREA BY BUILDING SUSTAINABLE WEALTH FOR THOSE WHO LIVE, WORK AND PLAY IN THIS PORTION OF THE CEDAR VALLEY REGION OF IOWA.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0630288
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IRS990/OccupancyGrp/ManagementAndGeneralAmt0980
IRS990/OccupancyGrp/ProgramServicesAmt08824
IRS990/OccupancyGrp/TotalAmt09804
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1OFFICE EXPENSES
IRS990/OtherExpensesGrp/Desc2BUSINESS CONSULTING
IRS990/OtherExpensesGrp/Desc3TRAVEL/MEALS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04491
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13171
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2679
IRS990/OtherExpensesGrp/ProgramServicesAmt04491
IRS990/OtherExpensesGrp/ProgramServicesAmt13170
IRS990/OtherExpensesGrp/ProgramServicesAmt24750
IRS990/OtherExpensesGrp/ProgramServicesAmt33397
IRS990/OtherExpensesGrp/TotalAmt08982
IRS990/OtherExpensesGrp/TotalAmt16341
IRS990/OtherExpensesGrp/TotalAmt24750
IRS990/OtherExpensesGrp/TotalAmt34529
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05850
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020475
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt032175
IRS990/OtherSalariesAndWagesGrp/TotalAmt058500
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0450
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01576
IRS990/PayrollTaxesGrp/ProgramServicesAmt02477
IRS990/PayrollTaxesGrp/TotalAmt04503
IRS990/PensionPlanContributionsGrp/FundraisingAmt0550
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01923
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03022
IRS990/PensionPlanContributionsGrp/TotalAmt05495
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LISA KREMER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0142447
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03885
IRS990/PYOtherExpensesAmt035567
IRS990/PYRevenuesLessExpensesAmt040574
IRS990/PYSalariesCompEmpBnftPaidAmt070191
IRS990/PYTotalExpensesAmt0105758
IRS990/PYTotalRevenueAmt0146332
IRS990/ReconcilationRevenueExpnssAmt024221
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0149486
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0626
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08790
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09416
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt036088
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117888
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND HELD FOR RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NOTES & LOAN RECEIVABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0626
IRS990ScheduleD/TotalBookValueOtherAssetsAmt053976
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY MISSION OF BUCHANAN COUNTY ECONOMIC DEVELOPMENT COMMISSION (BCEDC) IS TO FOSTER A STRONG ECONOMIC ENVIRONMENT WHICH SUPPORTS BUSINESS, NURTURES GROWTH AND NEW INVESTMENT WHILE ATTRACTING SUSTAINABLE BUSINESSES AND A QUALITY LABOR FORCE TO OUR COMMUNITIES. THE ORGANIZATION WILL RELY ON TRUSTING RELATIONSHIPS TO UNITE THE COMMUNITIES OF BUCHANAN COUNTY TO PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND TO IMPROVE THE QUALITY OF LIFE IN OUR AREA BY BUILDING SUSTAINABLE WEALTH FOR THOSE WHO LIVE, WORK AND PLAY IN THIS PORTION OF THE CEDAR VALLEY REGION OF IOWA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE REVIEWED AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0624100
IRS990/TotalAssetsEOYAmt0633158
IRS990/TotalAssetsGrp/BOYAmt0624100
IRS990/TotalAssetsGrp/EOYAmt0633158
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0146945
IRS990/TotalEmployeeCnt01
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040214
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt076858
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125265
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018033
IRS990/TotalLiabilitiesEOYAmt02870
IRS990/TotalLiabilitiesGrp/BOYAmt018033
IRS990/TotalLiabilitiesGrp/EOYAmt02870
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0606067
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0630288
IRS990/TotalProgramServiceExpensesAmt076858
IRS990/TotalReportableCompFromOrgAmt058500
IRS990/TotalRevenueGrp/ExclusionAmt02541
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0149486
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0624100
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0633158
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt015283
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 109
IRS990/USAddress/CityNm0INDEPENDENCE
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050644
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0WWW.GROWBUCHANANCOUNTY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY TOALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03193347497
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUCHANAN COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT COMMISSION
ReturnHeader/Filer/BusinessNameControlTxt0BUCH
ReturnHeader/Filer/EIN0421441695
ReturnHeader/Filer/PhoneNum03193347497
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 109
ReturnHeader/Filer/USAddress/CityNm0INDEPENDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050644
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421277818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOSLING & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0217 N FRANKLIN ST

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.35$0.05$6.30$1.61$1.54$0.07
2024Detailed filing. Detailed filing data is available for this year.$6.28$0.04$6.24$1.60$1.61$0.01
2023Detailed filing. Detailed filing data is available for this year.$6.29$0.04$6.25$1.54$1.60$0.05
2022Detailed filing. Detailed filing data is available for this year.$6.33$0.03$6.30$1.49$1.25$0.24
2021Detailed filing. Detailed filing data is available for this year.$6.24$0.18$6.06$1.46$1.06$0.41
2020Detailed filing. Detailed filing data is available for this year.$5.69$0.03$5.65$1.36$1.22$0.14
2019Detailed filing. Detailed filing data is available for this year.$5.55$0.03$5.52$1.46$1.17$0.29
2018Detailed filing. Detailed filing data is available for this year.$5.26$0.03$5.22$1.34$1.17$0.17
2017Detailed filing. Detailed filing data is available for this year.$5.07$0.02$5.05$2.23$1.11$1.12
2016Detailed filing. Detailed filing data is available for this year.$3.95$0.03$3.93$1.24$0.99$0.25
2015Detailed filing. Detailed filing data is available for this year.$3.71$0.04$3.67$1.15$0.99$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.52$0.00$3.52$1.10$0.95$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$0.03$3.37$1.04$1.83$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$0.03$4.16$1.04$1.43$0.38
2011Summary only. Only limited summary data is available for this year.$4.54$0.00$1.16$1.02$0.14