Civic Intelligence

Graettinger Economic Development Council

990 • Fiscal year 2020 • EIN 42-1490489

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

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

38th percentile

0.04x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

0.06x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

43rd percentile

2.2%

Higher net margin than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

10th percentile

-8.6%

Faster asset growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-18%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$1,074,544

Down $101,623 (-8.6%) from 2019

Net Assets

Up

$1,030,086

Up $15,137 (+1.5%) from 2019

Liabilities

Down

$44,458

Down $116,760 (-72%) from 2019

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin43rd percentile

Revenue

Down

$697,159

Down $156,896 (-18%) from 2019

Expenses

Down

$682,022

Down $148,421 (-18%) from 2019

Net Income

Down

$15,137

Down $8,475 (-36%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2020

Assets$1,074,544
Liabilities$44,458
Net Assets$1,030,086
Open 2020 Filing

Operations Trend

Revenue Growth24th 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

2020

Revenue$697,159
Expenses$682,022
Net Income$15,137
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$712,680
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$487,478$474,343▼ $13,135
Savings and Temporary Cash Investments$282,261$287,247▲ $4,986
Cash and Non-Interest-Bearing Accounts$160,528$196,350▲ $35,822
Other Notes and Loans Receivable, Net$245,900$116,604▼ $129,296
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$1,176,167$1,074,544▼ $101,623
Other Assets Total-$0-
Liabilities
Other Liabilities$161,218$44,458▼ $116,760
Total Liabilities$161,218$44,458▼ $116,760
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,014,949$1,030,086▲ $15,137
Total Net Assets Fund Balance$1,014,949$1,030,086▲ $15,137
Total Liabilities and Net Assets / Fund Balance$1,176,167$1,074,544▼ $101,623

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$382,341$129,915$512,256
Land$92,002-$92,002
Compensation and Service Providers
Top Officer Pay37th 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
$16,371
Program Service Revenue
$658,023
Investment Income
$4,986
Other Revenue
$17,779
All Other Contributions
$1,693
Change in Net Assets
$15,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$609,393
Salaries, Compensation, and Employee Benefits$72,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,023--$58,023
Insurance$9,919--$9,919
Other Employee Benefits$8,400--$8,400
Depreciation Depletion$7,772--$7,772
All Other Expenses$7,501--$7,501
Payroll Taxes$6,206--$6,206
Occupancy$5,528--$5,528
Other Expenses$5,071--$5,071
Advertising$2,279--$2,279
Interest$1,318--$1,318
Fees for Services Accounting$1,100--$1,100
Office Expenses$1,056--$1,056
Fees for Services Legal$595--$595
Total Functional Expenses$682,022$0$0$682,022
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$30,223
Ppp Loan$12,450
Payroll Taxes Payable$1,785
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
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
David Howard Lpa Firm
Address
22 N 7TH ST, ESTHERVILLE, IA 51334
Preparer
David W Howard Lpa Ea
Phone
7123623583
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IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0129915
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0512256
IRS990ScheduleD/LandGrp/BookValueAmt092002
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092002
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt044458
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW WAS PROVIDED
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,074,544
Liabilities
$44,458
Net assets
$1,030,086
Revenue
$697,159
Expenses
$682,022
Net income
$15,137
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