Civic Intelligence

Union County Development Associatio

990 • Fiscal year 2019 • EIN 42-6075535

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 04, 2020

301 W MontgomeryCreston, IA 50801

(641) 782-2003

Siviq Scores

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

Liabilities / Assets

66th percentile

0.28x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

1.02x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

96th percentile

38%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$73,447

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 21.5% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

94th percentile

48%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-19%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,243,999

Up $404,825 (+48%) from 2018

Net Assets

Up

$896,773

Up $129,042 (+17%) from 2018

Liabilities

Up

$347,226

Up $275,783 (+386%) from 2018

Revenue

Down

$341,424

Down $82,347 (-19%) from 2018

Expenses

Up

$212,382

Up $11,679 (+5.8%) from 2018

Net Income

Down

$129,042

Down $94,026 (-42%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $582,687Liabilities 2011: $238,850Net Assets 2011: $343,8372011Assets 2012: $850,106Liabilities 2012: $377,845Net Assets 2012: $472,2612012Assets 2013: $731,598Liabilities 2013: $242,150Net Assets 2013: $489,4482013Assets 2014: $807,221Liabilities 2014: $286,687Net Assets 2014: $520,5342014Assets 2015: $649,848Liabilities 2015: $118,947Net Assets 2015: $530,9012015Assets 2016: $751,036Liabilities 2016: $205,127Net Assets 2016: $545,9092016Assets 2017: $731,388Liabilities 2017: $186,725Net Assets 2017: $544,6632017Assets 2018: $839,174Liabilities 2018: $71,443Net Assets 2018: $767,7312018Assets 2019: $1,243,999Liabilities 2019: $347,226Net Assets 2019: $896,7732019Assets 2020: $1,173,293Liabilities 2020: $246,421Net Assets 2020: $926,8722020Assets 2021: $1,155,437Liabilities 2021: $216,213Net Assets 2021: $939,2242021Assets 2022: $1,111,285Liabilities 2022: $192,409Net Assets 2022: $918,8762022Assets 2023: $1,174,742Liabilities 2023: $173,448Net Assets 2023: $1,001,2942023Assets 2024: $1,226,674Liabilities 2024: $162,805Net Assets 2024: $1,063,8692024

Highlighted filing

2019

Assets$1,243,999
Liabilities$347,226
Net Assets$896,773

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $157,663Expenses 2011: $142,020Net Income 2011: $15,6432011Revenue 2012: $290,857Expenses 2012: $162,432Net Income 2012: $128,4252012Revenue 2013: $192,708Expenses 2013: $175,526Net Income 2013: $17,1822013Revenue 2014: $209,632Expenses 2014: $178,545Net Income 2014: $31,0872014Revenue 2015: $162,580Expenses 2015: $152,218Net Income 2015: $10,3622015Revenue 2016: $161,505Expenses 2016: $146,499Net Income 2016: $15,0062016Revenue 2017: $184,413Expenses 2017: $185,659Net Income 2017: -$1,2462017Revenue 2018: $423,771Expenses 2018: $200,703Net Income 2018: $223,0682018Revenue 2019: $341,424Expenses 2019: $212,382Net Income 2019: $129,0422019Revenue 2020: $245,940Expenses 2020: $215,528Net Income 2020: $30,4122020Revenue 2021: $354,327Expenses 2021: $342,210Net Income 2021: $12,1172021Revenue 2022: $275,606Expenses 2022: $295,954Net Income 2022: -$20,3482022Revenue 2023: $374,476Expenses 2023: $293,576Net Income 2023: $80,9002023Revenue 2024: $406,693Expenses 2024: $339,180Net Income 2024: $67,5132024

Highlighted filing

2019

Revenue$341,424
Expenses$212,382
Net Income$129,042
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 4, 2020
Return Version
2019v5.0
Gross Receipts
$398,274
Mission and Program Overview

Mission

Industrial, retail & tourism promotion

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$551,711$1,164,248▲ $612,537
Cash and Non-Interest-Bearing Accounts$7,774$43,366▲ $35,592
Investments Program Related$24,440$20,086▼ $4,354
Savings and Temporary Cash Investments$32,442$13,517▼ $18,925
Total Assets$839,174$1,243,999▲ $404,825
Other Assets Total$222,807$2,782▼ $220,025
Liabilities
Unsecured Notes Loans Payable$18,200$226,680▲ $208,480
Mortgage Notes Payable Secured by Investment Property$43,626$104,700▲ $61,074
Other Liabilities$9,617$15,846▲ $6,229
Total Liabilities$71,443$347,226▲ $275,783
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$747,731$876,773▲ $129,042
Net Assets With Donor Restrictions$20,000$20,000→ $0
Total Net Assets Fund Balance$767,731$896,773▲ $129,042
Total Liabilities and Net Assets / Fund Balance$839,174$1,243,999▲ $404,825

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,082,097$224,250$1,306,347
Land$82,151-$82,151
Compensation and Service Providers

Employees

NameTitleBaseTotal
Wayne PantiniExec Director$73,447$73,447

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$237,860
Program Service Revenue
$14,143
Investment Income
$8,339
Other Revenue
$81,082
All Other Contributions
$198,302
Change in Net Assets
$129,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$120,059
Other Expenses$92,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$73,447
Other Salaries and Wages---$37,917
Occupancy---$16,478
All Other Expenses---$9,273
Payroll Taxes---$8,695
Depreciation Depletion---$6,141
Insurance---$6,097
Advertising---$4,058
Office Expenses---$3,404
Other Expenses---$3,233
Fees for Services Accounting---$2,564
Conferences and Meetings---$1,380
Travel---$868
Total Functional Expenses$0$0$0$212,382
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$11,950
Fica / Medicare Tax Payable$1,422
Iowa W/h Payable$1,301
Federal W/h Payable$839
Security Deposits$250
Futa Payable$84
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 7A

New governing body members are nominated by the general public and nominees are voted on by the existing governing body.

Form 990, Page 6, Part VI, Line 9

Kevin stewart rich paulsen melissa driskell francine ide randy huewe devon tyler-leith monte neitzel marion james gay lynn owens mike moffitt 301 w montgomery st creston, ia 50801 sherry parrott paul fuller gabe carroll leslie wurster scott coen mike rollings jennifer mitchell chad malmanger maggie mcgehee

Form 990, Page 6, Part VI, Line 11B

Executive director will review and approve.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Union County Development Associatio
EIN
42-6075535
Phone
6417822003
Address
301 W MONTGOMERY, CRESTON, IA 50801

Signing Officer

Name
Mike Moffitt
Title
President
Phone
6417822003
Signed
2020-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Moffitt
Voting Board Members
18
Independent Board Members
18
Employees
2

Preparer

Firm
Dehamer Accounting Services Llp
Address
309 E MONTGOMERY ST, CRESTON, IA 50801
Preparer
Randall G Cook
Phone
6417828421
Supplemental Narrative

Additional Explanations

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

SEE ABOVE

Form 990, Part XI

ROUNDING

Form 990, Part XI, Line 9

ROUNDING 0

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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/OtherExpensesGrp/TotalAmt18177
IRS990/OtherExpensesGrp/TotalAmt27328
IRS990/OtherExpensesGrp/TotalAmt33233
IRS990/OtherLiabilitiesGrp/BOYAmt09617
IRS990/OtherLiabilitiesGrp/EOYAmt015846
IRS990/OtherSalariesAndWagesGrp/TotalAmt037917
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt08695
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MIKE MOFFITT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LEAD UC INCOME
IRS990/ProgramServiceRevenueGrp/Desc1UCYP REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2ROUNDHOUSE PROGAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012532
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11063
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2548
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012532
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2548
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SEE ABOVE
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0344849
IRS990/PYGrantsAndSimilarPaidAmt0500
IRS990/PYInvestmentIncomeAmt0-24441
IRS990/PYOtherExpensesAmt084022
IRS990/PYOtherRevenueAmt083694
IRS990/PYProgramServiceRevenueAmt019669
IRS990/PYRevenuesLessExpensesAmt0223068
IRS990/PYSalariesCompEmpBnftPaidAmt0116181
IRS990/PYTotalExpensesAmt0200703
IRS990/PYTotalRevenueAmt0423771
IRS990/ReconcilationRevenueExpnssAmt0129042
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt081082
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032442
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013517
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01082097
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0224250
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01306347
IRS990ScheduleD/LandGrp/BookValueAmt082151
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt082151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FICA / MEDICARE TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2IOWA W/H PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3FEDERAL W/H PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5FUTA PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01164248
IRS990ScheduleD/TotalLiabilityAmt015846
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEE ABOVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW GOVERNING BODY MEMBERS ARE NOMINATED BY THE GENERAL PUBLIC AND NOMINEES ARE VOTED ON BY THE EXISTING GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KEVIN STEWART RICH PAULSEN MELISSA DRISKELL FRANCINE IDE RANDY HUEWE DEVON TYLER-LEITH MONTE NEITZEL MARION JAMES GAY LYNN OWENS MIKE MOFFITT 301 W MONTGOMERY ST CRESTON, IA 50801 SHERRY PARROTT PAUL FULLER GABE CARROLL LESLIE WURSTER SCOTT COEN MIKE ROLLINGS JENNIFER MITCHELL CHAD MALMANGER MAGGIE MCGEHEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR WILL REVIEW AND APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0839174
IRS990/TotalAssetsEOYAmt01243999
IRS990/TotalAssetsGrp/BOYAmt0839174
IRS990/TotalAssetsGrp/EOYAmt01243999
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0237860
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0212382
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071443
IRS990/TotalLiabilitiesEOYAmt0347226
IRS990/TotalLiabilitiesGrp/BOYAmt071443
IRS990/TotalLiabilitiesGrp/EOYAmt0347226
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0767731
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0896773
IRS990/TotalProgramServiceRevenueAmt014143
IRS990/TotalReportableCompFromOrgAmt073447
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0103564
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0341424
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0839174
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01243999
IRS990/TravelGrp/TotalAmt0868
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt018200
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0226680
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0301 W MONTGOMERY ST
IRS990/USAddress/CityNm0CRESTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050801
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0WWW.UNIONCOUNTYIOWA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE MOFFITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06417822003
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNION COUNTY DEVELOPMENT ASSOCIATIO
ReturnHeader/Filer/BusinessNameControlTxt0UNIO
ReturnHeader/Filer/EIN0426075535
ReturnHeader/Filer/PhoneNum06417822003
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 W MONTGOMERY
ReturnHeader/Filer/USAddress/CityNm0CRESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050801
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01DE7608FB54527927F42C0CB6440589CB249B72F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01DE7608FB54527927F42C0CB6440589CB249B72F

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.16$1.06$0.41$0.34$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.17$1.00$0.37$0.29$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.19$0.92$0.28$0.30$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.22$0.94$0.35$0.34$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.25$0.93$0.25$0.22$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.35$0.90$0.34$0.21$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.07$0.77$0.42$0.20$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.19$0.54$0.18$0.19$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.21$0.55$0.16$0.15$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.12$0.53$0.16$0.15$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.29$0.52$0.21$0.18$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.73$0.24$0.49$0.19$0.18$0.02
2012Summary only. Only limited summary data is available for this year.$0.85$0.38$0.47$0.29$0.16$0.13
2011Summary only. Only limited summary data is available for this year.$0.58$0.24$0.34$0.16$0.14$0.02