Civic Intelligence

Mitchell County Economic Development Co

990EZ • Fiscal year 2020 • EIN 42-1515842

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 27, 2020

P O Box 306Osage, IA 50461

(641) 732-4790

Siviq Scores

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

Liabilities / Assets

87th percentile

0.46x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

0.95x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

9th percentile

-80%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

56th percentile

7.7%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

0.2%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$326,283

Up $23,445 (+7.7%) from 2019

Net Assets

Down

$176,283

Down $126,555 (-42%) from 2019

Liabilities

$150,000

No earlier filing loaded for comparison.

Revenue

Up

$157,866

Up $286 (+0.2%) from 2019

Expenses

Up

$284,421

Up $165,412 (+139%) from 2019

Net Income

Down

-$126,555

Down $165,126 (-428%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $230,327Liabilities 2012: $02012Assets 2013: $294,771Liabilities 2013: $80,0002013Assets 2014: $228,194Liabilities 2014: $02014Assets 2015: $265,617Liabilities 2015: $0Net Assets 2015: $265,6172015Assets 2016: $243,927Liabilities 2016: $02016Assets 2017: $275,437Net Assets 2017: $275,4372017Assets 2018: $264,267Net Assets 2018: $264,2672018Assets 2019: $302,838Net Assets 2019: $302,8382019Assets 2020: $326,283Liabilities 2020: $150,000Net Assets 2020: $176,2832020Assets 2021: $447,420Liabilities 2021: $186,818Net Assets 2021: $260,6022021Assets 2022: $670,106Liabilities 2022: $300,000Net Assets 2022: $370,1062022Assets 2023: $579,886Liabilities 2023: $300,000Net Assets 2023: $279,8862023Assets 2024: $978,445Liabilities 2024: $303,592Net Assets 2024: $674,8532024

Highlighted filing

2020

Assets$326,283
Liabilities$150,000
Net Assets$176,283

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $330,621Expenses 2012: $142,789Net Income 2012: $187,8322012Revenue 2013: $147,289Expenses 2013: $162,845Net Income 2013: -$15,5562013Revenue 2014: $162,419Expenses 2014: $148,996Net Income 2014: $13,4232014Revenue 2015: $211,111Expenses 2015: $173,688Net Income 2015: $37,4232015Revenue 2016: $175,978Expenses 2016: $197,668Net Income 2016: -$21,6902016Revenue 2017: $183,299Expenses 2017: $151,789Net Income 2017: $31,5102017Revenue 2018: $165,545Expenses 2018: $176,715Net Income 2018: -$11,1702018Revenue 2019: $157,580Expenses 2019: $119,009Net Income 2019: $38,5712019Revenue 2020: $157,866Expenses 2020: $284,421Net Income 2020: -$126,5552020Revenue 2021: $197,699Expenses 2021: $113,380Net Income 2021: $84,3192021Revenue 2022: $269,780Expenses 2022: $160,276Net Income 2022: $109,5042022Revenue 2023: $155,121Expenses 2023: $245,341Net Income 2023: -$90,2202023Revenue 2024: $819,724Expenses 2024: $675,613Net Income 2024: $144,1112024

Highlighted filing

2020

Revenue$157,866
Expenses$284,421
Net Income-$126,555
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 27, 2020
Return Version
2019v5.0
Gross Receipts
$157,866
Mission and Program Overview

Mission

Promote Economic Development in Mitchell County

Program Services

DescriptionGrantsExpenses
Staff is hired to provide support and information to members so that economic development can occur on a joint county wide basis$284,421-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda AdamsChairmanPT$0--
Rick BodensteinerVice ChairmanPT$0--
Harlan BisbeeTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Mitchell County Economic Development
EIN
42-1515842
Phone
6417324790
Address
P O Box 306, Osage, IA 50461

Signing Officer

Name
Rick Bodensteiner
Title
Vice President
Signed
2020-08-27
Discuss with paid preparer
Yes

Preparer

Firm
Bisbee Income Tax & Acctng
Address
115 South Broad Street, Stacyville, IA 50476-0184
Preparer
Harlan Bisbee
Phone
6417372428
Supplemental Narrative

Additional Explanations

Other Revenue.1

Riceville Foundation $18610

Other Revenue.2

Construction Incentive Fe $7000

Other Revenue.3

Net RLF $3433

Other Revenue.4

Habitat Loan $2340

Other Revenue.5

FEMC Admin Fee $2000

Other Revenue.6

Reimbursement/Misc $324

Other Revenue.7

Program Fees $250

Other Expenses.1001

Advertising and Promotion $159

Other Expenses.1002

Office Expenses $1942

Other Expenses.1005

Travel $1589

Other Expenses.1012

Insurance $1117

Other Expenses.1

Prior Period Adjustment $150000

Other Expenses.2

Web Site $2067

Other Expenses.3

Seminars $994

Other Expenses.4

Miscellaneous $767

Other Expenses.5

Dues/Subscriptions $322

Other Assets.1005

Accounts Receivable - Beginning $0 Accounts Receivable - Ending $85000

Total Liabilities.1

Spec Building - Beginning $0 Spec Building - Ending $150000

Raw XML Appendix198 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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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Riceville Foundation $18610
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Construction Incentive Fe $7000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Net RLF $3433
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Habitat Loan $2340
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FEMC Admin Fee $2000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Reimbursement/Misc $324
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Program Fees $250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Advertising and Promotion $159
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Office Expenses $1942
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Travel $1589
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Insurance $1117
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Prior Period Adjustment $150000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Web Site $2067
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Seminars $994
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Miscellaneous $767
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Dues/Subscriptions $322
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Accounts Receivable - Beginning $0 Accounts Receivable - Ending $85000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Spec Building - Beginning $0 Spec Building - Ending $150000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Revenue.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Revenue.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Revenue.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Revenue.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Revenue.6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Total Liabilities.1
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rick Bodensteiner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Mitchell County Economic Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Commission
ReturnHeader/Filer/BusinessNameControlTxt0MITC
ReturnHeader/Filer/EIN0421515842
ReturnHeader/Filer/PhoneNum06417324790
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 306
ReturnHeader/Filer/USAddress/CityNm0Osage
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050461
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421378767
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bisbee Income Tax & Acctng
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0115 South Broad Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stacyville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0504760184
ReturnHeader/PreparerPersonGrp/PhoneNum06417372428
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HARLAN BISBEE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-08-27T09:45:47-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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