Civic Intelligence

Alton Economic Development Corporation

990 • Fiscal year 2018 • EIN 42-1523453

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 19, 2019

Organization ProfileWWW.ALTONIOWA.ORG/ECON
905 3rd AveAlton, IA 51003

(712) 756-4314

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

55th percentile

3.4%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

181%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$500,255

Up $16,304 (+3.4%) from 2017

Net Assets

Up

$500,255

Up $16,304 (+3.4%) from 2017

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin81st percentile

Revenue

Up

$63,974

Up $41,187 (+181%) from 2017

Expenses

Up

$47,670

Up $45,269 (+1885%) from 2017

Net Income

Down

$16,304

Down $4,082 (-20%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $427,306Liabilities 2010: $14,152Net Assets 2010: $413,1542010Assets 2011: $481,484Liabilities 2011: $70,6262011Assets 2012: $447,493Liabilities 2012: $40,184Net Assets 2012: $407,3092012Assets 2013: $429,014Liabilities 2013: $10,000Net Assets 2013: $419,0142013Assets 2014: $435,308Net Assets 2014: $435,3082014Assets 2015: $713,052Liabilities 2015: $0Net Assets 2015: $713,0522015Assets 2016: $466,815Liabilities 2016: $3,250Net Assets 2016: $463,5652016Assets 2017: $483,951Net Assets 2017: $483,9512017Assets 2018: $500,255Liabilities 2018: $0Net Assets 2018: $500,2552018Assets 2020: $567,113Liabilities 2020: $0Net Assets 2020: $567,1132020Assets 2021: $1,162,594Liabilities 2021: $517,775Net Assets 2021: $644,8192021Assets 2022: $1,182,982Liabilities 2022: $517,775Net Assets 2022: $665,2072022Assets 2023: $1,148,411Liabilities 2023: $468,460Net Assets 2023: $679,9512023Assets 2024: $1,923,918Liabilities 2024: $1,687,502Net Assets 2024: $236,4162024

Highlighted filing

2018

Assets$500,255
Liabilities$0
Net Assets$500,255
Open 2018 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $45,7612010Revenue 2011: $142,000Expenses 2011: $144,296Net Income 2011: -$2,2962011Revenue 2012: $29,860Expenses 2012: $33,410Net Income 2012: -$3,5502012Revenue 2013: $71,539Expenses 2013: $59,833Net Income 2013: $11,7062013Revenue 2014: $50,897Expenses 2014: $34,603Net Income 2014: $16,2942014Revenue 2015: $280,336Expenses 2015: $2,592Net Income 2015: $277,7442015Revenue 2016: $83,142Expenses 2016: $332,629Net Income 2016: -$249,4872016Revenue 2017: $22,787Expenses 2017: $2,401Net Income 2017: $20,3862017Revenue 2018: $63,974Expenses 2018: $47,670Net Income 2018: $16,3042018Revenue 2020: $57,232Expenses 2020: $17,809Net Income 2020: $39,4232020Revenue 2021: $305,897Expenses 2021: $228,191Net Income 2021: $77,7062021Revenue 2022: $117,638Expenses 2022: $97,250Net Income 2022: $20,3882022Revenue 2023: $199,112Expenses 2023: $184,368Net Income 2023: $14,7442023Revenue 2024: $144,570Expenses 2024: $588,105Net Income 2024: -$443,5352024

Highlighted filing

2018

Revenue$63,974
Expenses$47,670
Net Income$16,304
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 19, 2019
Return Version
2018v3.1
Gross Receipts
$63,974
Mission and Program Overview

Mission

To provide the city of alton, iowa with economic development possibilities ranging from residential, industrial and commercial development. The organization will make available places of residence and work attracting people to the city of alton. The organization also provides economic consulting on a monthly basis to the city of alton.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$326,852$286,852▼ $40,000
Savings and Temporary Cash Investments$137,497$138,785▲ $1,288
Cash and Non-Interest-Bearing Accounts$19,602$74,618▲ $55,016
Total Assets$483,951$500,255▲ $16,304
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$483,951$500,255▲ $16,304
Total Net Assets Fund Balance$483,951$500,255▲ $16,304
Total Liabilities and Net Assets / Fund Balance$483,951$500,255▲ $16,304

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$286,852--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Brian SchuttPresident
Harlan JorgensonDirector
Jerry HenrichDirector
Dale OltmansExecutive Di
Kevin LangelVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$25,199
Program Service Revenue
$37,487
Investment Income
$1,288
Other Revenue
$0
All Other Contributions
$25,199
Change in Net Assets
$16,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$44,000--$44,000
Fees for Services Other$3,094--$3,094
Fees for Services Legal$503--$503
Conferences and Meetings$73--$73
Total Functional Expenses$47,670$0$0$47,670
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
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 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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Alton Economic Development
EIN
42-1523453
Address
905 3RD AVE, ALTON, IA 51003

Signing Officer

Name
Dale Oltmans
Title
Executive Director
Signed
2019-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Schutt
Formed
2010
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Bengard & Associates Inc
Address
119 ALBANY AVE NE, ORANGE CITY, IA 51041-0377
Preparer
Blake M Bengard Ea
Phone
7127374963
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide the city of alton, iowa with economic development possibilities ranging from residential, industrial and commercial development. The organization will make available places of residence and work attracting people to the city of alton. The organization also provides economic consulting on a monthly basis to the city of alton.”

Form 990, Page 2, Part III, Line 4D

“To provide the city of alton, iowa with economic development possibilities ranging from residential, industrial and commercial development.”

Raw XML Appendix287 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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ReturnHeader/FilingSecurityInformation/IPTm015:59:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262687174
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BENGARD & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0119 ALBANY AVE NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORANGE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0510410377
ReturnHeader/PreparerPersonGrp/PhoneNum07127374963
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BLAKE M BENGARD EA
ReturnHeader/ReturnTs02019-04-23T15:59:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$500,255
Liabilities
$0
Net assets
$500,255
Revenue
$63,974
Expenses
$47,670
Net income
$16,304
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.92$1.69$0.24$0.14$0.59$0.44
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.47$0.68$0.20$0.18$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.52$0.67$0.12$0.10$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.16$0.52$0.64$0.31$0.23$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.06$0.02$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.06$0.05$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.48$0.02$0.00$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.46$0.08$0.33$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.28$0.00$0.28
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.44$0.05$0.03$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.43$0.01$0.42$0.07$0.06$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.04$0.41$0.03$0.03$0.00
2011Summary only. Only limited summary data is available for this year.$0.48$0.07$0.14$0.14$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.01$0.41$0.05
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $500k-$1M nonprofits