Civic Intelligence

Underwood Area Economic Development Corporation

990EZ • Fiscal year 2017 • EIN 45-0421611

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileN/A
PO Box 368Underwood, ND 58576

(701) 442-9455

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$15,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 25.9% of source-year revenue.

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Asset Growth

9th percentile

-44%

Faster asset growth than 9% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

82nd percentile

48%

Faster revenue growth than 82% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$24,230

Down $19,125 (-44%) from 2016

Net Assets

Down

$24,230

Down $19,125 (-44%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin11th percentile

Revenue

Up

$58,019

Up $18,713 (+48%) from 2016

Expenses

Up

$77,144

Up $8,237 (+12%) from 2016

Net Income

Up

-$19,125

Up $10,476 (+35%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$80K$60K$40K$20K$0Assets 2011: $78,565Liabilities 2011: $02011Assets 2012: $66,740Liabilities 2012: $02012Assets 2013: $74,922Liabilities 2013: $02013Assets 2014: $70,587Net Assets 2014: $70,5872014Assets 2015: $72,956Net Assets 2015: $72,9562015Assets 2016: $43,355Net Assets 2016: $43,3552016Assets 2017: $24,230Net Assets 2017: $24,2302017Assets 2018: $22,397Liabilities 2018: $0Net Assets 2018: $22,3972018Assets 2019: $19,530Liabilities 2019: $0Net Assets 2019: $19,5302019Assets 2020: $27,249Liabilities 2020: $0Net Assets 2020: $27,2492020Assets 2021: $27,068Liabilities 2021: $0Net Assets 2021: $27,0682021Assets 2022: $23,793Liabilities 2022: $0Net Assets 2022: $23,7932022Assets 2023: $22,448Liabilities 2023: $0Net Assets 2023: $22,4482023Assets 2024: $18,796Liabilities 2024: $0Net Assets 2024: $18,7962024Assets 2025: $12,232Liabilities 2025: $0Net Assets 2025: $12,2322025

Highlighted filing

2017

Assets$24,230
Liabilities-
Net Assets$24,230
Open 2017 Filing

Operations Trend

Revenue Growth82nd percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $115,748Expenses 2011: $101,289Net Income 2011: $14,4592011Revenue 2012: $108,881Expenses 2012: $120,706Net Income 2012: -$11,8252012Revenue 2013: $126,712Expenses 2013: $118,530Net Income 2013: $8,1822013Revenue 2014: $117,979Expenses 2014: $122,314Net Income 2014: -$4,3352014Revenue 2015: $73,239Expenses 2015: $70,870Net Income 2015: $2,3692015Revenue 2016: $39,306Expenses 2016: $68,907Net Income 2016: -$29,6012016Revenue 2017: $58,019Expenses 2017: $77,144Net Income 2017: -$19,1252017Revenue 2018: $47,843Expenses 2018: $49,058Net Income 2018: -$1,2152018Revenue 2019: $5,006Expenses 2019: $15,343Net Income 2019: -$10,3372019Revenue 2020: $11,000Expenses 2020: $3,281Net Income 2020: $7,7192020Revenue 2021: $3,106Expenses 2021: $3,287Net Income 2021: -$1812021Revenue 2022: $109Expenses 2022: $3,384Net Income 2022: -$3,2752022Revenue 2023: $352Expenses 2023: $1,697Net Income 2023: -$1,3452023Revenue 2024: $503Expenses 2024: $4,155Net Income 2024: -$3,6522024Revenue 2025: $97Expenses 2025: $6,661Net Income 2025: -$6,5642025

Highlighted filing

2017

Revenue$58,019
Expenses$77,144
Net Income-$19,125
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$58,019
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

To provide a dynamic atmosphere that allows our businesses to prosper and provide the highest quality of life for the families of our community and the surrounding area

Program Services

DescriptionGrantsExpenses
The UAEDC held a city-wide Beautification day with community volunteers planting flowers and doing spring clean-up around the community. We held a local cook-off with 16 business participating in Halloween theme decoration and a chili competition. We managed the Energized in Underwood website and managed multiple Facebook pages promoting Underwood as a great place to live, shop and work. UAEDC manages the City of Underwood's Revolving Loan Fund. UAEDC gave grants to several businesses for updates/upgrades to existing buildings and signs. We also offered assistance to several local businesses on marketing and general business advice and planning.$12,110-
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy SpencerExecutive DirectorPT$15,000-$15,000
Cary JohnsonPresident-$0--
Diane SchellTreasurer-$0--
Brandt DickDirector-$0--
Talesa HagerDirector-$0--
Steve WerreDirector-$0--
Bob LarsonVice President-$0--
Filing and Contact Details

Filer

Filer Name
Underwood Area Economic Development
EIN
45-0421611
Phone
7014429455
Address
PO Box 368, Underwood, ND 58576

Signing Officer

Name
Cary Johnson
Title
President
Signed
2018-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Ritter Adair & Associates Pc
Address
1900 BURNT BOAT DR STE 102, BISMARCK, ND 58503-0827
Preparer
Laura G Adair CPA
Phone
7017513883
Supplemental Narrative

Additional Explanations

Other Expenses.1005

“Travel $2812”

Other Expenses.1012

“Insurance $800”

Other Expenses.1

“adjustment to fund balance $18051”

Other Expenses.2

“program expense $12110”

Other Expenses.3

“miscellaneous $1337”

Other Expenses.4

“board meeting expense $909”

Other Assets.1

“Furniture and Equipment - Beginning $5121 Furniture and Equipment - Ending $5121”

Raw XML Appendix135 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0Wendy Spencer
IRS990EZ/BooksInCareOfDetail/PhoneNum07014429455
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 1076
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Mandan
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd058554
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt038234
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt019109
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt057258
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-19125
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt022650
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt043355
IRS990EZ/Form990TotalAssetsGrp/EOYAmt024230
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt058019
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt0136
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0625
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt043355
IRS990EZ/NetAssetsOrFundBalancesEOYAmt024230
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt043355
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt024230
IRS990EZ/OccupancyRentUtltsAndMaintAmt03083
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt620.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt615000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Cary Johnson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Diane Schell
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Brandt Dick
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Talesa Hager
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Steve Werre
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Bob Larson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Wendy Spencer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Executive Dir.
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05121
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05121
IRS990EZ/OtherExpensesTotalAmt036019
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To provide a dynamic atmosphere that allows our businesses to prosper and provide the highest quality of life for the families of our community and the surrounding area
IRS990EZ/PrintingPublicationsPostageAmt0392
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The UAEDC held a city-wide Beautification day with community volunteers planting flowers and doing spring clean-up around the community. We held a local cook-off with 16 business participating in Halloween theme decoration and a chili competition. We managed the Energized in Underwood website and managed multiple Facebook pages promoting Underwood as a great place to live, shop and work. UAEDC manages the City of Underwood's Revolving Loan Fund. UAEDC gave grants to several businesses for updates/upgrades to existing buildings and signs. We also offered assistance to several local businesses on marketing and general business advice and planning.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt012110
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt015000
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt077144
IRS990EZ/TotalProgramServiceExpensesAmt012110
IRS990EZ/TotalRevenueAmt058019
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Travel $2812
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2adjustment to fund balance $18051
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3program expense $12110
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4miscellaneous $1337
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5board meeting expense $909
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Furniture and Equipment - Beginning $5121 Furniture and Equipment - Ending $5121
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Assets.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Cary Johnson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Underwood Area Economic Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation
ReturnHeader/Filer/BusinessNameControlTxt0UNDE
ReturnHeader/Filer/EIN0450421611
ReturnHeader/Filer/PhoneNum07014429455
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 368
ReturnHeader/Filer/USAddress/CityNm0Underwood
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058576
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273728756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RITTER ADAIR & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01900 BURNT BOAT DR STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BISMARCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0585030827
ReturnHeader/PreparerPersonGrp/PhoneNum07017513883
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Laura G Adair CPA
ReturnHeader/ReturnTs02018-11-14T07:19:36-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$24,230
Liabilities
-
Net assets
$24,230
Revenue
$58,019
Expenses
$77,144
Net income
-$19,125
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.00$0.07$0.07
2024Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.01$0.04$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.00$0.02$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.00$0.03$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.03$0.03$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.11$0.03$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.05$0.15$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.48$0.49$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.58$0.77$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.43$0.43$0.39$0.69$0.30
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.73$0.73$0.71$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.71$1.18$1.22$0.04
2013Summary only. Only limited summary data is available for this year.$0.75$0.00$1.27$1.19$0.08
2012Summary only. Only limited summary data is available for this year.$0.67$0.00$1.09$1.21$0.12
2011Summary only. Only limited summary data is available for this year.$0.79$0.00$1.16$1.01$0.14