Civic Intelligence

Hubbard Economic Development Corp

EIN 42-1526509 • 501(c)6 • Hubbard, IA

990-N Coverage

Profile

ECONOMIC DEVELOPMENT

PO Box 69Hubbard, IA 50122

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$260,704

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$260,704

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet Margin75th percentile

Revenue

$14,586

No earlier filing loaded for comparison.

Expenses

$12,425

No earlier filing loaded for comparison.

Net Income

$2,161

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2021: $260,704Net Assets 2021: $260,7042021

Highlighted filing

2021

Assets$260,704
Liabilities-
Net Assets$260,704
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0Revenue 2021: $14,586Expenses 2021: $12,425Net Income 2021: $2,1612021

Highlighted filing

2021

Revenue$14,586
Expenses$12,425
Net Income$2,161
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$260,704
Liabilities
-
Net assets
$260,704
Revenue
$14,586
Expenses
$12,425
Net income
$2,161
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$2.61$2.61$0.15$0.12$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$14,586
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Program Services

DescriptionGrantsExpenses
LEASE PROPERTY AT DISCOUNT TO ASSIST LOCAL BUSINESS$0$11,929
ISSUE ECONOMIC DEVELOPMENT LOANS$0$496
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARSHALL SIMMERMANDirector & VP-$0--
KAY HELDDirector-$0--
DENNIS KIELSMEIERDirector-$0--
ERIC ANDERSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hubbard Economic Development Corp
EIN
42-1526509
Phone
6418642244
Address
PO BOX 69, HUBBARD, IA 50122

Signing Officer

Name
Marshall Simmerman
Title
Vice President
Phone
6418642244
Signed
2022-11-15

Preparer

Firm
Craig Smith & Cutler Llp
Address
PO BOX 431, ELDORA, IA 50627
Preparer
Lawrence B Cutler
Phone
6419395475
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“TAXES AND LICENSES 8680.”

Form 990EZ, Part I, Line 20

“Interest expense adjustment 36.”

Form 990EZ, Part I, Line 20

“Book keeper adjustment 15.”

Form 990EZ, Part II, Line 24

“Notes receivable 119263. 119263.”

Form 990EZ, Part II, Line 24

“Other l/t receivables 11866. 7816.”

Form 990EZ, Part II, Line 24

“ROUNDING 1.”

Raw XML Appendix136 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0ERIC ANDERSON
IRS990EZ/BooksInCareOfDetail/PhoneNum06418642244
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0211 E MAPLE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HUBBARD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050122
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0127363
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0133624
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt02161
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0480
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
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IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt0186
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0258492
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0260704
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0260704
IRS990EZ/OccupancyRentUtltsAndMaintAmt03265
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARSHALL SIMMERMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KAY HELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DENNIS KIELSMEIER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ERIC ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR & VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0131129
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0127080
IRS990EZ/OtherChangesInNetAssetsAmt051
IRS990EZ/OtherExpensesTotalAmt08680
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEVELOPMENT
IRS990EZ/ProgramServiceRevenueAmt014400
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ISSUE ECONOMIC DEVELOPMENT LOANS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1LEASE PROPERTY AT DISCOUNT TO ASSIST LOCAL BUSINESS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0496
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt111929
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt012425
IRS990EZ/TotalProgramServiceExpensesAmt012425
IRS990EZ/TotalRevenueAmt014586
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAXES AND LICENSES 8680.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INTEREST EXPENSE ADJUSTMENT 36.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK KEEPER ADJUSTMENT 15.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NOTES RECEIVABLE 119263. 119263.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER L/T RECEIVABLES 11866. 7816.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARSHALL SIMMERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06418642244
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUBBARD ECONOMIC DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0HUBB
ReturnHeader/Filer/EIN0421526509
ReturnHeader/Filer/PhoneNum06418642244
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 69
ReturnHeader/Filer/USAddress/CityNm0HUBBARD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050122
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421498903
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRAIG SMITH & CUTLER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 431
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050627
ReturnHeader/PreparerPersonGrp/PhoneNum06419395475
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAWRENCE B CUTLER
ReturnHeader/ReturnTs02022-11-15T15:39:06-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARSHALL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SIMMERMAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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