Civic Intelligence

Bottineau Economic Development Corp

EIN 45-0408451 • 501(c)6 • Bottineau, ND

Profile

To promote growth and prosperity for all living and working in Bottineau County by working with local and state partners to attract and retain jobs, cultivate capital investment, support educational institutions and foster workforce development.

519 Main StBottineau, ND 58318

n/A

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.03x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

90th percentile

28%

Higher net margin than 90% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

41st percentile

2.7%

Faster asset growth than 41% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

37%

Faster revenue growth than 89% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,117,134

Up $56,105 (+2.7%) from 2020

Liabilities

Down

$7,876

Down $13,316 (-63%) from 2020

Net Assets

Up

$2,109,258

Up $69,421 (+3.4%) from 2020

Revenue

Up

$244,016

Up $65,599 (+37%) from 2020

Expenses

Down

$174,595

Down $67,198 (-28%) from 2020

Net Income

Up

$69,421

Up $132,797 (+210%) from 2020

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $556,695Liabilities 2011: $36,000Net Assets 2011: $520,6952011Assets 2012: $700,809Liabilities 2012: $183,800Net Assets 2012: $517,0092012Assets 2013: $1,151,698Liabilities 2013: $216,605Net Assets 2013: $935,0932013Assets 2014: $1,958,278Liabilities 2014: $720,048Net Assets 2014: $1,238,2302014Assets 2015: $2,065,541Liabilities 2015: $533,849Net Assets 2015: $1,531,6922015Assets 2016: $2,203,303Liabilities 2016: $479,506Net Assets 2016: $1,723,7972016Assets 2017: $2,074,212Liabilities 2017: $107,092Net Assets 2017: $1,967,1202017Assets 2018: $2,122,124Liabilities 2018: $85,344Net Assets 2018: $2,036,7792018Assets 2019: $2,150,370Liabilities 2019: $47,157Net Assets 2019: $2,103,2132019Assets 2020: $2,061,029Liabilities 2020: $21,192Net Assets 2020: $2,039,8372020Assets 2021: $2,117,134Liabilities 2021: $7,876Net Assets 2021: $2,109,2582021

Highlighted filing

2021

Assets$2,117,134
Liabilities$7,876
Net Assets$2,109,258

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $80,097Expenses 2011: $97,990Net Income 2011: -$17,8932011Revenue 2012: $235,978Expenses 2012: $223,670Net Income 2012: $12,3082012Revenue 2013: $601,774Expenses 2013: $183,690Net Income 2013: $418,0842013Revenue 2014: $436,710Expenses 2014: $178,898Net Income 2014: $257,8122014Revenue 2015: $426,628Expenses 2015: $133,166Net Income 2015: $293,4622015Revenue 2016: $346,115Expenses 2016: $135,485Net Income 2016: $210,6302016Revenue 2017: $380,674Expenses 2017: $137,351Net Income 2017: $243,3232017Revenue 2018: $290,651Expenses 2018: $220,991Net Income 2018: $69,6602018Revenue 2019: $368,399Expenses 2019: $301,965Net Income 2019: $66,4342019Revenue 2020: $178,417Expenses 2020: $241,793Net Income 2020: -$63,3762020Revenue 2021: $244,016Expenses 2021: $174,595Net Income 2021: $69,4212021

Highlighted filing

2021

Revenue$244,016
Expenses$174,595
Net Income$69,421

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$244,016
Mission and Program Overview

Mission

To promote growth and prosperity for all living and working in Bottineau County by working with local and state partners to attract and retain jobs, cultivate capital investment, support educational institutions and foster workforce development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$915,108$882,959▼ $32,149
Savings and Temporary Cash Investments$515,177$587,121▲ $71,944
Other Notes and Loans Receivable, Net$341,362$342,915▲ $1,553
Cash and Non-Interest-Bearing Accounts$264,620$279,377▲ $14,757
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,061,029$2,117,134▲ $56,105
Other Assets Total$24,762$24,762→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,783$5,684▼ $12,099
Accounts Payable and Accrued Expenses$3,409$2,192▼ $1,217
Total Liabilities$21,192$7,876▼ $13,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,039,837$2,109,258▲ $69,421
Total Net Assets Fund Balance$2,039,837$2,109,258▲ $69,421
Total Liabilities and Net Assets / Fund Balance$2,061,029$2,117,134▲ $56,105

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$855,658$197,391$1,053,049
Equipment$27,301$59,825$87,126
Compensation and Service Providers

Board Members and Trustees

NameTitle
Julie MearsPresident
Jon BeyerVice President
Alfred SamsDirector
Chuck NeubauerDirector
Doug MarsdenDirector
Greg BernsteinDirector
Jason GussDirector
Jerome MiglerDirector
Mike FosterDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$230,523
Program Service Revenue
$0
Investment Income
$7,493
Other Revenue
$6,000
Change in Net Assets
$69,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$89,916
Other Expenses$78,952
Grants and Similar Amounts Paid$5,727
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$89,916
Depreciation Depletion---$34,902
Occupancy---$26,979
Travel---$6,691
Grants to Domestic Orgs---$5,727
Fees for Services Management---$5,505
Insurance---$3,818
Fees for Services Accounting---$850
Office Expenses---$207
Total Functional Expenses$0$0$0$174,595
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Director of the EDC reviews the form 990 with the EDC Board of Directors prior to its filing, asks any questions at that time, and the EDC Board of Directors then approves the filing of the Form 990.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The EDC Board meetings are open to the public, with meeting times posted in the entryway of the EDC's offices. At the annual meeting, financial reports are handed out to anyone choosing to receive a copy. Additionally, a copy of the financial report is mailed out at any time throughout the year upon request. Finally, a finance committee was established which meets monthly to review financial information and suggest action for the EDC.

Form 990, Part VI, Line 11B-Form review process

The Director of the EDC reviews the form 990 with the EDC Board of Directors prior to its filing, asks questions at that time, and the EDC Board of Directors the approves the filing of the Form 990.

Filing and Contact Details

Filer

Filer Name
Bottineau Economic Development Corp
EIN
45-0408451
Phone
7012283922
Address
519 Main St, Bottineau, ND 58318

Signing Officer

Name
Whitney Gonitzke
Title
Executive Director
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Nd
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Firm
Lervik & Johnson CPAs
Address
411 Sinclair Street, Bottineau, ND 58318
Preparer
Anthony M Johnson CPA
Phone
7012282259
Supplemental Narrative

Additional Explanations

Form 990, Line VI, Line 19-Other organization documents publicly avail

The EDC Board meetings are open to the public, with meeting times posted in the entryway of the EDC's office. At the annual meeting, financial reports are handed out to anyone choosing to receive a copy. Additionally, a copy of the financial report is mailed out at any time throughout the year upon request. Finally, a finance committee was established which meets monthly to review financial information and suggest action for the EDC.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Director of the EDC reviews the form 990 with the EDC Board of Directors prior to its filing, asks any questions at that time, and the EDC Board of Directors then approves the filing of the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The EDC Board meetings are open to the public, with meeting times posted in the entryway of the EDC's offices. At the annual meeting, financial reports are handed out to anyone choosing to receive a copy. Additionally, a copy of the financial report is mailed out at any time throughout the year upon request. Finally, a finance committee was established which meets monthly to review financial information and suggest action for the EDC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The EDC Board meetings are open to the public, with meeting times posted in the entryway of the EDC's office. At the annual meeting, financial reports are handed out to anyone choosing to receive a copy. Additionally, a copy of the financial report is mailed out at any time throughout the year upon request. Finally, a finance committee was established which meets monthly to review financial information and suggest action for the EDC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Director of the EDC reviews the form 990 with the EDC Board of Directors prior to its filing, asks questions at that time, and the EDC Board of Directors the approves the filing of the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Line VI, Line 19-Other organization documents publicly avail
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b-Form review process
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Whitney Gonitzke
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bottineau Economic Development Corp
ReturnHeader/Filer/BusinessNameControlTxt0BOTT
ReturnHeader/Filer/EIN0450408451
ReturnHeader/Filer/PhoneNum07012283922
ReturnHeader/Filer/USAddress/AddressLine1Txt0519 Main St
ReturnHeader/Filer/USAddress/CityNm0Bottineau
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450447421
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lervik & Johnson CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0411 Sinclair Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bottineau
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd058318
ReturnHeader/PreparerPersonGrp/PhoneNum07012282259
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony M Johnson CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-14T11:17:16-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Whitney
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Gonitzke
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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