Civic Intelligence

Lake Agassiz Regional Development Corporation

990 • Fiscal year 2018 • EIN 45-0404558

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 13, 2019

Organization ProfileWWW.LAKEAGASSIZ.COM

View Organization Page

417 Main AvenueFargo, ND 58103

(701) 235-1197

Siviq Scores

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

Liabilities / Assets

74th percentile

0.47x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

2.61x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

60th percentile

6.7%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

28th percentile

$71,278

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

33rd percentile

-2.0%

Faster asset growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

5.6%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$5,994,258

Down $125,008 (-2.0%) from 2017

Net Assets

Up

$3,190,999

Up $71,763 (+2.3%) from 2017

Liabilities

Down

$2,803,259

Down $196,771 (-6.6%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin60th percentile

Revenue

Up

$1,074,260

Up $56,797 (+5.6%) from 2017

Expenses

Down

$1,002,497

Down $38,247 (-3.7%) from 2017

Net Income

Up

$71,763

Up $95,044 (+408%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,125,857Liabilities 2010: $4,190,080Net Assets 2010: $2,935,7772010Assets 2011: $6,656,591Liabilities 2011: $3,810,159Net Assets 2011: $2,846,4322011Assets 2012: $6,716,613Liabilities 2012: $3,780,038Net Assets 2012: $2,936,5752012Assets 2013: $6,592,898Liabilities 2013: $3,693,313Net Assets 2013: $2,899,5852013Assets 2014: $6,315,899Liabilities 2014: $3,348,798Net Assets 2014: $2,967,1012014Assets 2015: $6,465,549Liabilities 2015: $3,425,583Net Assets 2015: $3,039,9662015Assets 2016: $6,348,475Liabilities 2016: $3,205,958Net Assets 2016: $3,142,5172016Assets 2017: $6,119,266Liabilities 2017: $3,000,030Net Assets 2017: $3,119,2362017Assets 2018: $5,994,258Liabilities 2018: $2,803,259Net Assets 2018: $3,190,9992018Assets 2019: $6,309,784Liabilities 2019: $3,002,931Net Assets 2019: $3,306,8532019Assets 2020: $6,789,842Liabilities 2020: $3,321,604Net Assets 2020: $3,468,2382020Assets 2021: $6,919,532Liabilities 2021: $3,128,679Net Assets 2021: $3,790,8532021Assets 2022: $6,609,256Liabilities 2022: $2,811,341Net Assets 2022: $3,797,9152022Assets 2023: $6,313,719Liabilities 2023: $2,519,873Net Assets 2023: $3,793,8462023Assets 2024: $6,440,859Liabilities 2024: $2,536,923Net Assets 2024: $3,903,9362024

Highlighted filing

2018

Assets$5,994,258
Liabilities$2,803,259
Net Assets$3,190,999
Open 2018 Filing

Operations Trend

Revenue Growth55th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $753,3962010Expenses 2011: $1,020,6762011Expenses 2012: $816,4692012Revenue 2013: $762,084Expenses 2013: $782,327Net Income 2013: -$20,2432013Revenue 2014: $985,169Expenses 2014: $941,673Net Income 2014: $43,4962014Revenue 2015: $952,880Expenses 2015: $880,015Net Income 2015: $72,8652015Revenue 2016: $813,678Expenses 2016: $711,127Net Income 2016: $102,5512016Revenue 2017: $1,017,463Expenses 2017: $1,040,744Net Income 2017: -$23,2812017Revenue 2018: $1,074,260Expenses 2018: $1,002,497Net Income 2018: $71,7632018Revenue 2019: $936,762Expenses 2019: $820,908Net Income 2019: $115,8542019Revenue 2020: $1,049,464Expenses 2020: $888,079Net Income 2020: $161,3852020Revenue 2021: $1,263,112Expenses 2021: $940,497Net Income 2021: $322,6152021Revenue 2022: $1,028,697Expenses 2022: $1,021,635Net Income 2022: $7,0622022Revenue 2023: $1,082,438Expenses 2023: $1,086,507Net Income 2023: -$4,0692023Revenue 2024: $1,112,933Expenses 2024: $1,002,843Net Income 2024: $110,0902024

Highlighted filing

2018

Revenue$1,074,260
Expenses$1,002,497
Net Income$71,763
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 13, 2019
Return Version
2018v3.1
Gross Receipts
$1,074,260
Mission and Program Overview

Mission

To identify and provide financing opportunities and technical assistance to emerging and existing businesses, provide community and economic development planning and implementation for the long-term sustainability and growth of the region, and to coordinate federal, state, and private program administration.

Provides community planning and economic development assistance to a six-county region of southeastern north dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,372,868$2,829,250▼ $543,618
Cash and Non-Interest-Bearing Accounts$1,045,043$1,618,900▲ $573,857
Land, Buildings, and Equipment, Net$995,433$941,487▼ $53,946
Investments Other Securities$404,816$444,060▲ $39,244
Accounts Receivable$301,106$160,561▼ $140,545
Total Assets$6,119,266$5,994,258▼ $125,008
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,720,947$2,620,148▼ $100,799
Accounts Payable and Accrued Expenses$278,904$183,111▼ $95,793
Deferred Revenue$179--
Total Liabilities$3,000,030$2,803,259▼ $196,771
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,436,507$1,971,517▼ $464,990
Unrestricted Net Assets$682,729$1,219,482▲ $536,753
Total Net Assets Fund Balance$3,119,236$3,190,999▲ $71,763
Total Liabilities and Net Assets / Fund Balance$6,119,266$5,994,258▼ $125,008

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$444,769$1,146,590$1,591,359
Leasehold Improvements$286,868$259,127$545,995
Land$206,000-$206,000
Equipment$1,888$172,956$174,844
Other Land Buildings$1,962$22,942$24,904
Other Securities$444,060--
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donald LitchFinancial OfficerPT$71,278$71,278
Amber MetzExecutive DirectorPT$30,965$30,965

Board Members and Trustees

NameTitle
Rick MairsPresident
Larry JacobsenVice President
Robert WurlSecretary
Jay HenricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$169,845
Program Service Revenue
$722,003
Investment Income
$182,412
Other Revenue
$0
Change in Net Assets
$71,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$582,159
Salaries, Compensation, and Employee Benefits$420,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,280$76,887-$224,167
Current Officers, Directors, Trustees, and Key Employees$52,279$66,175-$118,454
Occupancy$107,106$10,641-$117,747
Depreciation Depletion$62,546--$62,546
Other Employee Benefits$47,337$5,410-$52,747
Interest$38,235$142-$38,377
Office Expenses$20,293$12,390-$32,683
Payroll Taxes$22,409$2,561-$24,970
Fees for Services Accounting$1,950$20,725-$22,675
Insurance$5,707$9,848-$15,555
All Other Expenses$1,422$2,798-$4,220
Other Expenses$4,113$0-$4,113
Travel$2,697$893-$3,590
Fees for Services Legal-$165-$165
Advertising$60$46-$106
Total Functional Expenses$781,263$221,234$0$1,002,497
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
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Reviewed / approved by the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The board of directors is periodically reminded of the conflict of interest policy and of the importance to adhere to it.”

Form 990, Part VI, Section B, Line 15

“The board approves compensation at rates of 3-5% annually, if feasible.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lake Agassiz Regional Development
EIN
45-0404558
Phone
7012351197
Address
417 MAIN AVENUE, FARGO, ND 58103

Signing Officer

Name
Donald Litch
Title
CFO
Phone
7012351197
Signed
2019-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Litch
Formed
1987
Legal Domicile
Nd
Voting Board Members
4
Independent Board Members
4
Employees
7
Volunteers
0

Preparer

Firm
Fiebiger Swanson West & Copllp
Address
2537 S UNIVERSITY DRIVE, FARGO, ND 58103
Preparer
Jeremy Ulmer CPA
Phone
7012802100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization did not change its oversight or selection process during the year.”

Raw XML AppendixShowing 400 of 444 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0278904
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0183111
IRS990/AccountsReceivableGrp/BOYAmt0301106
IRS990/AccountsReceivableGrp/EOYAmt0160561
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDES COMMUNITY PLANNING AND ECONOMIC DEVELOPMENT ASSISTANCE TO A SIX-COUNTY REGION OF SOUTHEASTERN NORTH DAKOTA.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt046
IRS990/AdvertisingGrp/ProgramServicesAmt060
IRS990/AdvertisingGrp/TotalAmt0106
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02798
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01422
IRS990/AllOtherExpensesGrp/TotalAmt04220
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MANAGEMENT
IRS990/BooksInCareOfDetail/PhoneNum07012351197
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0417 MAIN AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0FARGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990/BooksInCareOfDetail/USAddress/ZIPCd058103
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01045043
IRS990/CashNonInterestBearingGrp/EOYAmt01618900
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt066175
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt052279
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0118454
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0169845
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0182412
IRS990/CYOtherExpensesAmt0582159
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0722003
IRS990/CYRevenuesLessExpensesAmt071763
IRS990/CYSalariesCompEmpBnftPaidAmt0420338
IRS990/CYTotalExpensesAmt01002497
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01074260
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0179
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt062546
IRS990/DepreciationDepletionGrp/TotalAmt062546
IRS990/Desc0PROVIDES COMMUNITY PLANNING AND ECONOMIC DEVELOPMENT ASSISTANCE AND OPERATION OF REGIONAL SMALL BUSINESS CENTER.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0781263
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020725
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01950
IRS990/FeesForServicesAccountingGrp/TotalAmt022675
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0165
IRS990/FeesForServicesLegalGrp/TotalAmt0165
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt425.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt515.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT WURL
IRS990/Form990PartVIISectionAGrp/PersonNm1RICK MAIRS
IRS990/Form990PartVIISectionAGrp/PersonNm2LARRY JACOBSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAY HENRICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm4DONALD LITCH
IRS990/Form990PartVIISectionAGrp/PersonNm5AMBER METZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt471278
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt530965
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0169845
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01074260
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09848
IRS990/InsuranceGrp/ProgramServicesAmt05707
IRS990/InsuranceGrp/TotalAmt015555
IRS990/InterestGrp/ManagementAndGeneralAmt0142
IRS990/InterestGrp/ProgramServicesAmt038235
IRS990/InterestGrp/TotalAmt038377
IRS990/InvestmentIncomeGrp/ExclusionAmt0182412
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0182412
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0404816
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0444060
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01601615
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0995433
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0941487
IRS990/LandBldgEquipCostOrOtherBssAmt02543102
IRS990/LegalDomicileStateCd0ND
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO IDENTIFY AND PROVIDE FINANCING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO EMERGING AND EXISTING BUSINESSES, PROVIDE COMMUNITY AND ECONOMIC DEVELOPMENT PLANNING AND IMPLEMENTATION FOR THE LONG-TERM SUSTAINABILITY AND GROWTH OF THE REGION, AND TO COORDINATE FEDERAL, STATE, AND PRIVATE PROGRAM ADMINISTRATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02720947
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02620148
IRS990/NetAssetsOrFundBalancesBOYAmt03119236
IRS990/NetAssetsOrFundBalancesEOYAmt03190999
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010641
IRS990/OccupancyGrp/ProgramServicesAmt0107106
IRS990/OccupancyGrp/TotalAmt0117747
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012390
IRS990/OfficeExpensesGrp/ProgramServicesAmt020293
IRS990/OfficeExpensesGrp/TotalAmt032683
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05410
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047337
IRS990/OtherEmployeeBenefitsGrp/TotalAmt052747
IRS990/OtherExpensesGrp/Desc0PROGRAM FEES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3JANITORIAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09808
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12745
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0154907
IRS990/OtherExpensesGrp/ProgramServicesAmt157946
IRS990/OtherExpensesGrp/ProgramServicesAmt254976
IRS990/OtherExpensesGrp/ProgramServicesAmt34113
IRS990/OtherExpensesGrp/TotalAmt0164715
IRS990/OtherExpensesGrp/TotalAmt160691
IRS990/OtherExpensesGrp/TotalAmt254976
IRS990/OtherExpensesGrp/TotalAmt34113
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt076887
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0147280
IRS990/OtherSalariesAndWagesGrp/TotalAmt0224167
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03372868
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02829250
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02561
IRS990/PayrollTaxesGrp/ProgramServicesAmt022409
IRS990/PayrollTaxesGrp/TotalAmt024970
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DONALD LITCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES AND OTHER
IRS990/ProgramServiceRevenueGrp/Desc1RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0530748
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1191255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0530748
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1191255
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0142613
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0172697
IRS990/PYOtherExpensesAmt0646124
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0702153
IRS990/PYRevenuesLessExpensesAmt0-23281
IRS990/PYSalariesCompEmpBnftPaidAmt0394620
IRS990/PYTotalExpensesAmt01040744
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01017463
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt071763
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0722003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0169845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0142613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0126787
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0205585
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0242984
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0887814
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0182412
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0172697
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0174998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0198439
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0314575
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01043121
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02804255
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45980
IRS990ScheduleA/PublicSupportPY170Pct00.45310
IRS990ScheduleA/PublicSupportTotal170Amt0887814
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0169845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0142613
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0126787
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0205585
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0242984
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0887814
IRS990ScheduleA/TotalSupportAmt01930935
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0444769
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01146590
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01591359
IRS990ScheduleD/EquipmentGrp/BookValueAmt01888
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0172956
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0174844
IRS990ScheduleD/LandGrp/BookValueAmt0206000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0206000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0286868
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0259127
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0545995
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01962
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022942
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024904
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0444060
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN LAKE AGASSIZ HOUSING CORP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0941487
IRS990ScheduleD/TotalBookValueSecuritiesAmt0444060
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED / APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS PERIODICALLY REMINDED OF THE CONFLICT OF INTEREST POLICY AND OF THE IMPORTANCE TO ADHERE TO IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES COMPENSATION AT RATES OF 3-5% ANNUALLY, IF FEASIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAKE AGASSIZ HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0450458458
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SHARE OFFICE FACILITY AND STAFF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0417 MAIN AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FARGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd058103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02436507
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01971517
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06119266
IRS990/TotalAssetsEOYAmt05994258
IRS990/TotalAssetsGrp/BOYAmt06119266
IRS990/TotalAssetsGrp/EOYAmt05994258
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0169845
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0221234
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0781263
IRS990/TotalFunctionalExpensesGrp/TotalAmt01002497
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03000030
IRS990/TotalLiabilitiesEOYAmt02803259
IRS990/TotalLiabilitiesGrp/BOYAmt03000030
IRS990/TotalLiabilitiesGrp/EOYAmt02803259
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03119236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03190999
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0781263
IRS990/TotalProgramServiceRevenueAmt0722003
IRS990/TotalReportableCompFromOrgAmt0102243
IRS990/TotalRevenueGrp/ExclusionAmt0182412
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0722003
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01074260
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06119266
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05994258
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0893
IRS990/TravelGrp/ProgramServicesAmt02697
IRS990/TravelGrp/TotalAmt03590
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0682729
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01219482

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$5,994,258
Liabilities
$2,803,259
Net assets
$3,190,999
Revenue
$1,074,260
Expenses
$1,002,497
Net income
$71,763
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.44$2.54$3.90$1.11$1.00$0.11
2023Summary only. Only limited summary data is available for this year.$6.31$2.52$3.79$1.08$1.09$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.61$2.81$3.80$1.03$1.02$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.92$3.13$3.79$1.26$0.94$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.79$3.32$3.47$1.05$0.89$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.31$3.00$3.31$0.94$0.82$0.12
2018Detailed filing. Detailed filing data is available for this year.$5.99$2.80$3.19$1.07$1.00$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.12$3.00$3.12$1.02$1.04$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$3.21$3.14$0.81$0.71$0.10
2015Detailed filing. Detailed filing data is available for this year.$6.47$3.43$3.04$0.95$0.88$0.07
2014Detailed filing. Detailed filing data is available for this year.$6.32$3.35$2.97$0.99$0.94$0.04
2013Detailed filing. Detailed filing data is available for this year.$6.59$3.69$2.90$0.76$0.78$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$3.78$2.94$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$3.81$2.85$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.13$4.19$2.94$0.75