Civic Intelligence

Graettinger Economic Development Council

990 • Fiscal year 2019 • EIN 42-1490489

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 01, 2020

Organization ProfileN/A
PO Box 332Graettinger, IA 51342

(712) 859-3841

Siviq Scores

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

Liabilities / Assets

58th percentile

0.14x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.19x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

49th percentile

2.8%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

14th percentile

-8.3%

Faster asset growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-4.3%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$1,176,167

Down $106,176 (-8.3%) from 2018

Net Assets

Up

$1,014,949

Up $73,290 (+7.8%) from 2018

Liabilities

Down

$161,218

Down $179,466 (-53%) from 2018

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin49th percentile

Revenue

Down

$854,055

Down $38,198 (-4.3%) from 2018

Expenses

Up

$830,443

Up $165,242 (+25%) from 2018

Net Income

Down

$23,612

Down $203,440 (-90%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,021,981Liabilities 2011: $238,573Net Assets 2011: $783,4082011Assets 2012: $944,160Liabilities 2012: $194,448Net Assets 2012: $749,7122012Assets 2013: $1,625,987Liabilities 2013: $186,003Net Assets 2013: $1,439,9842013Assets 2014: $829,118Liabilities 2014: $30,777Net Assets 2014: $798,3412014Assets 2015: $863,831Liabilities 2015: $30,777Net Assets 2015: $833,0542015Assets 2016: $867,782Liabilities 2016: $30,777Net Assets 2016: $837,0052016Assets 2017: $904,989Liabilities 2017: $0Net Assets 2017: $904,9892017Assets 2018: $1,282,343Liabilities 2018: $340,684Net Assets 2018: $941,6592018Assets 2019: $1,176,167Liabilities 2019: $161,218Net Assets 2019: $1,014,9492019Assets 2020: $1,074,544Liabilities 2020: $44,458Net Assets 2020: $1,030,0862020Assets 2021: $1,250,841Liabilities 2021: $174,905Net Assets 2021: $1,075,9362021Assets 2022: $1,435,324Liabilities 2022: $365,195Net Assets 2022: $1,070,1292022Assets 2023: $1,395,761Liabilities 2023: $358,044Net Assets 2023: $1,037,7172023Assets 2024: $1,225,924Liabilities 2024: $188,180Net Assets 2024: $1,037,7442024

Highlighted filing

2019

Assets$1,176,167
Liabilities$161,218
Net Assets$1,014,949
Open 2019 Filing

Operations Trend

Revenue Growth30th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $301,615Expenses 2011: $555,007Net Income 2011: -$253,3922011Expenses 2012: $651,4912012Revenue 2013: $554,670Expenses 2013: $546,225Net Income 2013: $8,4452013Revenue 2014: $881,838Expenses 2014: $765,786Net Income 2014: $116,0522014Revenue 2015: $594,452Expenses 2015: $579,202Net Income 2015: $15,2502015Revenue 2016: $677,823Expenses 2016: $664,293Net Income 2016: $13,5302016Revenue 2017: $766,302Expenses 2017: $670,655Net Income 2017: $95,6472017Revenue 2018: $892,253Expenses 2018: $665,201Net Income 2018: $227,0522018Revenue 2019: $854,055Expenses 2019: $830,443Net Income 2019: $23,6122019Revenue 2020: $697,159Expenses 2020: $682,022Net Income 2020: $15,1372020Revenue 2021: $721,021Expenses 2021: $675,171Net Income 2021: $45,8502021Revenue 2022: $731,095Expenses 2022: $737,265Net Income 2022: -$6,1702022Revenue 2023: $957,419Expenses 2023: $989,831Net Income 2023: -$32,4122023Revenue 2024: $997,582Expenses 2024: $997,555Net Income 2024: $272024

Highlighted filing

2019

Revenue$854,055
Expenses$830,443
Net Income$23,612
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 1, 2020
Return Version
2019v5.0
Gross Receipts
$870,221
Mission and Program Overview

Mission

Engage in, assist and contribute to the support of economical and industrial development of the city of graettinger, iowa, including the assistance, encouragement and preservation of existing businesses and industries

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$735,701$487,478▼ $248,223
Savings and Temporary Cash Investments-$282,261-
Other Notes and Loans Receivable, Net-$245,900-
Cash and Non-Interest-Bearing Accounts$546,642$160,528▼ $386,114
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,282,343$1,176,167▼ $106,176
Other Assets Total-$0-
Liabilities
Other Liabilities$340,684$161,218▼ $179,466
Total Liabilities$340,684$161,218▼ $179,466
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$941,659$1,014,949▲ $73,290
Total Net Assets Fund Balance$941,659$1,014,949▲ $73,290
Total Liabilities and Net Assets / Fund Balance$1,282,343$1,176,167▼ $106,176

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$395,476$116,780$512,256
Land$92,002-$92,002
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Jr BrownPresident
Lloyd PetersenVice President
Jermey SimingtonDirector
Karen SpiesSecretary
Marty CurransTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,090
Program Service Revenue
$804,928
Investment Income
$5,603
Other Revenue
$18,434
All Other Contributions
$10,215
Change in Net Assets
$23,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$767,083
Salaries, Compensation, and Employee Benefits$63,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$51,365--$51,365
All Other Expenses$11,475--$11,475
Insurance$10,279--$10,279
Other Expenses$9,270--$9,270
Other Employee Benefits$8,400--$8,400
Depreciation Depletion$7,771--$7,771
Occupancy$6,864--$6,864
Interest$4,271--$4,271
Payroll Taxes$3,595--$3,595
Advertising$3,157--$3,157
Fees for Services Accounting$450--$450
Office Expenses$279--$279
Total Functional Expenses$830,443$0$0$830,443
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Liabilities$161,218
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
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, Part VI, Line 11B: Form 990 Review Process

“REVIEW WAS PROVIDED”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Continue to monitor to insure no conflicts occur”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents available for review upon request”

Filing and Contact Details

Filer

Filer Name
Graettinger Economic Development
EIN
42-1490489
Phone
7128593841
Address
PO BOX 332, GRAETTINGER, IA 51342

Signing Officer

Name
Lloyd Petersen
Title
Vice President
Signed
2020-09-01
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
David Howard Lpa Firm
Address
22 N 7TH ST, ESTHERVILLE, IA 51334-2232
Preparer
David W Howard Lpa Ea
Phone
7123623583
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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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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0282261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt025090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt027500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt027500
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportTotal170Amt0135090
IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt025090
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0395476
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0116780
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0512256
IRS990ScheduleD/LandGrp/BookValueAmt092002
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0161218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG TERM LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0487478
IRS990ScheduleD/TotalLiabilityAmt0161218
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW WAS PROVIDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONTINUE TO MONITOR TO INSURE NO CONFLICTS OCCUR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS AVAILABLE FOR REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01282343
IRS990/TotalAssetsEOYAmt01176167
IRS990/TotalAssetsGrp/BOYAmt01282343
IRS990/TotalAssetsGrp/EOYAmt01176167
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IRS990/TotalContributionsAmt025090
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0830443
IRS990/TotalFunctionalExpensesGrp/TotalAmt0830443
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0340684
IRS990/TotalLiabilitiesEOYAmt0161218
IRS990/TotalLiabilitiesGrp/BOYAmt0340684
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IRS990/TotalProgramServiceExpensesAmt0830443
IRS990/TotalProgramServiceRevenueAmt0804928
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0828965
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0854055
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01176167
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 332
IRS990/USAddress/CityNm0GRAETTINGER
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051342
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LLOYD PETERSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAETTINGER ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COUNCIL
ReturnHeader/Filer/BusinessNameControlTxt0GRAE
ReturnHeader/Filer/EIN0421490489
ReturnHeader/Filer/PhoneNum07128593841
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 332
ReturnHeader/Filer/USAddress/CityNm0GRAETTINGER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051342
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421406378
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID HOWARD LPA FIRM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt022 N 7TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ESTHERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0513342232
ReturnHeader/PreparerPersonGrp/PhoneNum07123623583
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID W HOWARD LPA EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-09-01T06:48:03-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,176,167
Liabilities
$161,218
Net assets
$1,014,949
Revenue
$854,055
Expenses
$830,443
Net income
$23,612
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.23$0.19$1.04$1.00$1.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.36$1.04$0.96$0.99$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.44$0.37$1.07$0.73$0.74$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.25$0.17$1.08$0.72$0.68$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.04$1.03$0.70$0.68$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.18$0.16$1.01$0.85$0.83$0.02
2018Summary only. Only limited summary data is available for this year.$1.28$0.34$0.94$0.89$0.67$0.23
2017Summary only. Only limited summary data is available for this year.$0.90$0.00$0.90$0.77$0.67$0.10
2016Summary only. Only limited summary data is available for this year.$0.87$0.03$0.84$0.68$0.66$0.01
2015Summary only. Only limited summary data is available for this year.$0.86$0.03$0.83$0.59$0.58$0.02
2014Summary only. Only limited summary data is available for this year.$0.83$0.03$0.80$0.88$0.77$0.12
2013Summary only. Only limited summary data is available for this year.$1.63$0.19$1.44$0.55$0.55$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.19$0.75$0.65
2011Summary only. Only limited summary data is available for this year.$1.02$0.24$0.78$0.30$0.56$0.25