Civic Intelligence

Washburn Area Economic Development

990EZ • Fiscal year 2020 • EIN 45-0417281

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization Profile
PO Box 608Washburn, ND 58577-0608

(701) 462-3801

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

98th percentile

72%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

78th percentile

27%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-70%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$57,864

Up $12,126 (+27%) from 2019

Net Assets

Up

$57,864

Up $12,126 (+27%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin98th percentile

Revenue

Down

$16,733

Down $38,891 (-70%) from 2019

Expenses

Down

$4,607

Down $120,513 (-96%) from 2019

Net Income

Up

$12,126

Up $81,622 (+117%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$150K$100K$50K$0Assets 2010: $97,418Liabilities 2010: $0Net Assets 2010: $97,4182010Assets 2011: $100,831Liabilities 2011: $0Net Assets 2011: $100,8312011Assets 2012: $78,850Liabilities 2012: $0Net Assets 2012: $78,8502012Assets 2013: $143,277Liabilities 2013: $0Net Assets 2013: $143,2772013Assets 2014: $77,774Liabilities 2014: $0Net Assets 2014: $77,7742014Assets 2015: $77,295Liabilities 2015: $0Net Assets 2015: $77,2952015Assets 2016: $105,541Liabilities 2016: $0Net Assets 2016: $105,5412016Assets 2017: $104,553Liabilities 2017: $0Net Assets 2017: $104,5532017Assets 2018: $115,234Liabilities 2018: $0Net Assets 2018: $115,2342018Assets 2019: $45,738Liabilities 2019: $0Net Assets 2019: $45,7382019Assets 2020: $57,864Liabilities 2020: $0Net Assets 2020: $57,8642020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$57,864
Liabilities$0
Net Assets$57,864
Open 2020 Filing

Operations Trend

Revenue Growth10th percentile

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

$200K$100K$0-$100KRevenue 2010: $60,439Expenses 2010: $28,542Net Income 2010: $31,8972010Revenue 2011: $70,849Expenses 2011: $67,436Net Income 2011: $3,4132011Revenue 2012: $23,988Expenses 2012: $45,969Net Income 2012: -$21,9812012Revenue 2013: $84,999Expenses 2013: $20,572Net Income 2013: $64,4272013Revenue 2014: $8,057Expenses 2014: $73,560Net Income 2014: -$65,5032014Revenue 2015: $5,506Expenses 2015: $5,985Net Income 2015: -$4792015Revenue 2016: $55,260Expenses 2016: $27,014Net Income 2016: $28,2462016Revenue 2017: $169,189Expenses 2017: $170,177Net Income 2017: -$9882017Revenue 2018: $111,698Expenses 2018: $101,017Net Income 2018: $10,6812018Revenue 2019: $55,624Expenses 2019: $125,120Net Income 2019: -$69,4962019Revenue 2020: $16,733Expenses 2020: $4,607Net Income 2020: $12,1262020

Highlighted filing

2020

Revenue$16,733
Expenses$4,607
Net Income$12,126
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$16,733
Mission and Program Overview

Mission

Economic dev for washburn nd

Program Services

DescriptionGrantsExpenses
WAEDA ACHIEVEMENTS WERE TO ENHANCE THE COMMUNITY BYPROMOTING THE RETENTION AND EXPANSION OF THE LOCALBUSINESS COMMUNITY.-$4,607
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DONNA SOMMERTreasurer-$0--
TANA LARSENSecretary-$0--
RICHARD PERKEREWICZVice-Pres-$0--
TONY THORESONPresident-$0--
MARK LELMDirector-$0--
Filing and Contact Details

Filer

Filer Name
Washburn Area Economic Development
EIN
45-0417281
Address
PO BOX 608, WASHBURN, ND 58577-0608

Signing Officer

Name
Tony Thoreson
Title
President
Phone
7014623801
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Hetletved CPA
Address
PO BOX 1106, WASHBURN, ND 58577-1106
Preparer
Gavin Hetletved
Phone
7014623376
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amounttelephone capital credit 536”

List of grants and similar amounts paid Part I line 10

“Activity economic development grantee washburn life street po box 608 city, state, zip washburn, nd 58577relationship successor organization amount 1,000”

Description of other expenses Part I line 16

“Description amountadvertising and promotion 411office expenses 5filing fees 10website 2,831”

Description of other assets Part II line 24

“Category beginning of year end of yearbusiness improvement loan 0 26,753”

Raw XML Appendix128 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DONNA SOMMER
IRS990EZ/BooksInCareOfDetail/PhoneNum07014623801
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01416 NORTHGATE ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WASHBURN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd058577
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt045738
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt031111
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt015122
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt012126
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0350
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt045738
IRS990EZ/Form990TotalAssetsGrp/EOYAmt057864
IRS990EZ/GrantsAndSimilarAmountsPaidAmt01000
IRS990EZ/GrossReceiptsAmt016733
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01075
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt045738
IRS990EZ/NetAssetsOrFundBalancesEOYAmt057864
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt045738
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt057864
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DONNA SOMMER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TANA LARSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RICHARD PERKEREWICZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TONY THORESON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARK LELM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE-PRES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt026753
IRS990EZ/OtherExpensesTotalAmt03257
IRS990EZ/OtherRevenueTotalAmt0536
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEV FOR WASHBURN ND
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0WAEDA ACHIEVEMENTS WERE TO ENHANCE THE COMMUNITY BYPROMOTING THE RETENTION AND EXPANSION OF THE LOCALBUSINESS COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt04607
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt04607
IRS990EZ/TotalProgramServiceExpensesAmt04607
IRS990EZ/TotalRevenueAmt016733
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTTELEPHONE CAPITAL CREDIT 536
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY ECONOMIC DEVELOPMENT GRANTEE WASHBURN LIFE STREET PO BOX 608 CITY, STATE, ZIP WASHBURN, ND 58577RELATIONSHIP SUCCESSOR ORGANIZATION AMOUNT 1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTADVERTISING AND PROMOTION 411OFFICE EXPENSES 5FILING FEES 10WEBSITE 2,831
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARBUSINESS IMPROVEMENT LOAN 0 26,753
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY THORESON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07014623801
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WASHBURN AREA ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0WASH
ReturnHeader/Filer/EIN0450417281
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 608
ReturnHeader/Filer/USAddress/CityNm0WASHBURN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd0585770608
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0481280253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HETLETVED CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0585771106
ReturnHeader/PreparerPersonGrp/PhoneNum07014623376
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GAVIN HETLETVED
ReturnHeader/ReturnTs02021-11-15T16:12:36-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TONY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THORESON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,864
Liabilities
$0
Net assets
$57,864
Revenue
$16,733
Expenses
$4,607
Net income
$12,126
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.17$0.05$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.00$0.46$0.56$1.25$0.69
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.00$1.15$1.12$1.01$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.00$1.05$1.69$1.70$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.00$1.06$0.55$0.27$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.00$0.77$0.06$0.06$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.08$0.74$0.66
2013Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.85$0.21$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.24$0.46$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.01$0.71$0.67$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$0.60$0.29$0.32