Civic Intelligence

Henry County Industrial Development Corporation

990 • Fiscal year 2017 • EIN 42-6075845

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 15, 2018

Organization ProfileWWW.MOUNTPLEASANTIOWA.ORG
124 S MainMT Pleasant, IA 52641

(319) 385-3101

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$528,799

Up $4,424 (+0.8%) from 2016

Net Assets

Up

$528,799

Up $4,424 (+0.8%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses

Revenue

Up

$5,778

Up $669 (+13%) from 2016

Expenses

Down

$1,354

Down $748 (-36%) from 2016

Net Income

Up

$4,424

Up $1,417 (+47%) from 2016

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 2010: $1,449,278Liabilities 2010: $800,000Net Assets 2010: $649,2782010Assets 2011: $1,386,474Liabilities 2011: $737,500Net Assets 2011: $648,9742011Assets 2012: $1,311,813Liabilities 2012: $675,000Net Assets 2012: $636,8132012Assets 2013: $1,300,236Liabilities 2013: $612,500Net Assets 2013: $687,7362013Assets 2014: $1,274,307Liabilities 2014: $375,000Net Assets 2014: $899,3072014Assets 2015: $521,368Liabilities 2015: $0Net Assets 2015: $521,3682015Assets 2016: $524,375Liabilities 2016: $0Net Assets 2016: $524,3752016Assets 2017: $528,799Liabilities 2017: $0Net Assets 2017: $528,7992017Assets 2018: $455,169Liabilities 2018: $0Net Assets 2018: $455,1692018Assets 2019: $459,088Liabilities 2019: $0Net Assets 2019: $459,0882019Assets 2020: $462,065Liabilities 2020: $0Net Assets 2020: $462,0652020Assets 2021: $322,860Liabilities 2021: $0Net Assets 2021: $322,8602021Assets 2022: $321,742Liabilities 2022: $0Net Assets 2022: $321,7422022Assets 2023: $324,796Liabilities 2023: $0Net Assets 2023: $324,7962023Assets 2024: $335,929Liabilities 2024: $0Net Assets 2024: $335,9292024

Highlighted filing

2017

Assets$528,799
Liabilities$0
Net Assets$528,799
Open 2017 Filing

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2010: $13,3242010Expenses 2011: $13,6832011Expenses 2012: $15,8132012Revenue 2013: $68,408Expenses 2013: $17,485Net Income 2013: $50,9232013Revenue 2014: $298,821Expenses 2014: $24,750Net Income 2014: $274,0712014Revenue 2015: -$366,591Expenses 2015: $11,348Net Income 2015: -$377,9392015Revenue 2016: $5,109Expenses 2016: $2,102Net Income 2016: $3,0072016Revenue 2017: $5,778Expenses 2017: $1,354Net Income 2017: $4,4242017Revenue 2018: $5,247Expenses 2018: $78,877Net Income 2018: -$73,6302018Revenue 2019: $5,658Expenses 2019: $1,739Net Income 2019: $3,9192019Revenue 2020: $5,294Expenses 2020: $2,317Net Income 2020: $2,9772020Revenue 2021: -$111,449Expenses 2021: $27,756Net Income 2021: -$139,2052021Revenue 2022: $587Expenses 2022: $1,705Net Income 2022: -$1,1182022Revenue 2023: $5,918Expenses 2023: $2,864Net Income 2023: $3,0542023Revenue 2024: $12,873Expenses 2024: $1,740Net Income 2024: $11,1332024

Highlighted filing

2017

Revenue$5,778
Expenses$1,354
Net Income$4,424
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 15, 2018
Return Version
2017v2.2
Gross Receipts
$5,778
Mission and Program Overview

Mission

To improve the quality of life for the resident of henry county, iowa through economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$253,640$253,640→ $0
Savings and Temporary Cash Investments$156,909$158,513▲ $1,604
Cash and Non-Interest-Bearing Accounts$93,826$96,646▲ $2,820
Other Notes and Loans Receivable, Net$20,000$20,000→ $0
Total Assets$524,375$528,799▲ $4,424
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$524,375$528,799▲ $4,424
Total Net Assets Fund Balance$524,375$528,799▲ $4,424
Total Liabilities and Net Assets / Fund Balance$524,375$528,799▲ $4,424
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kristi RayExec Directo$72,811$72,811

Board Members and Trustees

NameTitle
Steve BrimhallPresident
David FileDirector
Gary SeeDirector
Jd SchimmelpfennigDirector
Kevin WheelerDirector
Michelle RosellDirector
Robert MeyerDirector
Steven TitusDirector
Ted WileyDirector
Teri BocktingDirector
Terry McwilliamsDirector
Tom WenstrandDirector
Dan MccabeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$273
Investment Income
$1,605
Other Revenue
$3,900
Change in Net Assets
$4,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,354
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
Fees for Services Legal-$875-$875
Occupancy$468--$468
Other Expenses$11--$11
Total Functional Expenses$479$875$0$1,354
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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

“Disclosure of meetings: the board of directors of henry county industrial development corporation is also the board of mount pleasant area development commission, which is the designated administrative body for henry county industrial development corporation. The meetings of mount pleasant area development commission are documented via minutes.”

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

“The form 990 will be presented to the board at their board meeting prior to filing the tax return.”

Form 990, Page 6, Part VI, Line 12C

“It is the duty of all board members to be aware of the conflict of interest policy, and to identify conflicts of interest and situations that may result in the appearance of a conflict and to disclose those situations, conflicts or potential conflicts to (i) the executive vice president of mt pleasant chamber alliance, (ii) the chair of board or (iii) other designated person, as appropriate.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, policies, and financial statements are made available to the public.”

Filing and Contact Details

Filer

Filer Name
Henry County Industrial Development
EIN
42-6075845
Phone
3193853101
Address
124 S MAIN, MT PLEASANT, IA 52641

Signing Officer

Name
Steve Brimhall
Title
President
Phone
3193853101
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Brimhall
Formed
1959
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
14

Preparer

Firm
Td&t Cpas and Advisors Pc
Address
204 NORTH MAIN, MT PLEASANT, IA 52641
Preparer
Tom Holtkamp CPA
Phone
3193859718
Supplemental Narrative

Additional Explanations

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

“Development commission, maintains programs in business attraction, business retention & expansion, entrepreneurial support, education, and community development.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEVELOPMENT COMMISSION, MAINTAINS PROGRAMS IN BUSINESS ATTRACTION, BUSINESS RETENTION & EXPANSION, ENTREPRENEURIAL SUPPORT, EDUCATION, AND COMMUNITY DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCLOSURE OF MEETINGS: THE BOARD OF DIRECTORS OF HENRY COUNTY INDUSTRIAL DEVELOPMENT CORPORATION IS ALSO THE BOARD OF MOUNT PLEASANT AREA DEVELOPMENT COMMISSION, WHICH IS THE DESIGNATED ADMINISTRATIVE BODY FOR HENRY COUNTY INDUSTRIAL DEVELOPMENT CORPORATION. THE MEETINGS OF MOUNT PLEASANT AREA DEVELOPMENT COMMISSION ARE DOCUMENTED VIA MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE PRESENTED TO THE BOARD AT THEIR BOARD MEETING PRIOR TO FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT IS THE DUTY OF ALL BOARD MEMBERS TO BE AWARE OF THE CONFLICT OF INTEREST POLICY, AND TO IDENTIFY CONFLICTS OF INTEREST AND SITUATIONS THAT MAY RESULT IN THE APPEARANCE OF A CONFLICT AND TO DISCLOSE THOSE SITUATIONS, CONFLICTS OR POTENTIAL CONFLICTS TO (I) THE EXECUTIVE VICE PRESIDENT OF MT PLEASANT CHAMBER ALLIANCE, (II) THE CHAIR OF BOARD OR (III) OTHER DESIGNATED PERSON, AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MT PLEASANT AREA CHAMBER OF COMMERC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420625792
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ENHANCING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0124 S MAIN ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MT PLEASANT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd052641
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0HENRY COUNTY INDUSTRIAL DEVELOPMENT CORPORATION IS GOVERNED BY THE BOARD OF MT PLEASANT AREA DEVELOPMENT COMMISSION. MT PLEASANT AREA DEVELOPMENT COMMISSION IS AN ENTITY CREATED VIA A 28E AGREEMENT BETWEEN THE CITY OF MT PLEASANT, HENRY COUNTY, IOWA, AND THE MT PLEASANT AREA CHAMBER OF COMMERCE. MT PLEASANT AREA DEVELOPMENT COMMISSION IS REPORTED AS A COMPONENT OF THE MT PLEASANT AREA CHAMBER OF COMMERCE THUS THE RELATED ORGANIZATION IS MT PLEASANT AREA CHAMBER OF COMMERCE. THE BOARD OF MT PLEASANT AREA DEVELOPMENT COMMISSION MAKES ALL OF THE GOVERNING DECISIONS FOR HENRY COUNTY INDUSTRIAL DEVELOPMENT CORPORATION.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt072811
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0WAGES PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MT PLEASANT CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0524375
IRS990/TotalAssetsEOYAmt0528799
IRS990/TotalAssetsGrp/BOYAmt0524375
IRS990/TotalAssetsGrp/EOYAmt0528799
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0875
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0479
IRS990/TotalFunctionalExpensesGrp/TotalAmt01354
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0524375
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0528799
IRS990/TotalOtherCompensationAmt0711
IRS990/TotalProgramServiceRevenueAmt0273
IRS990/TotalRevenueGrp/ExclusionAmt05505
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0273
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05778
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0524375
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0528799
IRS990/TotReportableCompRltdOrgAmt072100
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0524375
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0528799
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0124 S MAIN
IRS990/USAddress/CityNm0MT PLEASANT
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052641
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.MOUNTPLEASANTIOWA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE BRIMHALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03193853101
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HENRY COUNTY INDUSTRIAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0HENR
ReturnHeader/Filer/EIN0426075845
ReturnHeader/Filer/PhoneNum03193853101
ReturnHeader/Filer/USAddress/AddressLine1Txt0124 S MAIN
ReturnHeader/Filer/USAddress/CityNm0MT PLEASANT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052641
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0992E83F8B90DF5B4529726673504EEC70C9F5DD3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId008BD273990EA01E5E38543C8FC488B7685EB5954
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-03-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:43:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421029744
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TD&T CPAS AND ADVISORS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0204 NORTH MAIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MT PLEASANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052641
ReturnHeader/PreparerPersonGrp/PhoneNum03193859718
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TOM HOLTKAMP CPA
ReturnHeader/ReturnTs02018-03-06T10:43:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$528,799
Liabilities
$0
Net assets
$528,799
Revenue
$5,778
Expenses
$1,354
Net income
$4,424
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.00$0.34$0.01$0.00$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.00$0.32$0.01$0.00$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$0.00$0.00$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$0.11$0.03$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.00$0.46$0.01$0.00$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$0.01$0.00$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.00$0.46$0.01$0.08$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.01$0.00$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.01$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.37$0.01$0.38
2014Detailed filing. Detailed filing data is available for this year.$1.27$0.38$0.90$0.30$0.02$0.27
2013Detailed filing. Detailed filing data is available for this year.$1.30$0.61$0.69$0.07$0.02$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.68$0.64$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.74$0.65$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.80$0.65$0.01