Civic Intelligence

Underwood Area Economic Development Corporation

990EZ • Fiscal year 2022 • EIN 45-0421611

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 10, 2023

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

57th percentile

0.00x

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

2022 filings • NTEE S20 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.00x

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

2022 filings • NTEE S20 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-3005%

Higher net margin than 1% of similar nonprofits.

2022 filings • NTEE S20 • <$500k nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2022 filings • NTEE S20 • <$500k nonprofits • Source year 2022

Asset Growth

31st percentile

-12%

Faster asset growth than 31% of similar nonprofits.

2022 filings • NTEE S20 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-96%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • NTEE S20 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$23,793

Down $3,275 (-12%) from 2021

Net Assets

Down

$23,793

Down $3,275 (-12%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin1st percentile

Revenue

Down

$109

Down $2,997 (-96%) from 2021

Expenses

Up

$3,384

Up $97 (+3.0%) from 2021

Net Income

Down

-$3,275

Down $3,094 (-1709%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2022

Assets$23,793
Liabilities$0
Net Assets$23,793
Open 2022 Filing

Operations Trend

Revenue Growth4th 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

2022

Revenue$109
Expenses$3,384
Net Income-$3,275
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 10, 2023
Return Version
2022v5.0
Gross Receipts
$109
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Program Services

DescriptionGrantsExpenses
ND DEPT OF COMMERCE$10,377$16,372
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CARY JOHNSONPresident-$0--
DIANE SCHELLTreasurersecretary-$0--
DAVID KAPANKEDirector-$0--
JOE LADUKEDirector-$0--
STEVE WERREDirector-$0--
PATTI WERREDirector-$0--
JOHN GRUENBERGDirector-$0--
PAUL CABRERADirector-$0--
Filing and Contact Details

Filer

Filer Name
Underwood Area Economic Development Corporation
EIN
45-0421611
Address
PO BOX 368, UNDERWOOD, ND 58576

Signing Officer

Name
Diane K Schell
Title
President
Phone
7012203841
Signed
2023-04-10
Discuss with paid preparer
No

Preparer

Firm
Turtle Lake Tax Service
Address
PO Box 600, Turtle Lake, ND 58575
Preparer
Cathy
Phone
7014482249
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountwrt capital credit 109”

Description of other expenses Part I line 16

“Description amountadvertising 393office exp 829insurance 800misc exp 1,362”

Description of other assets Part II line 24

“Category beginning of year end of yearfurniture and equipment 13,058 6,552”

Raw XML Appendix141 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/USAddress/CityNm0UNDERWOOD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd058576
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt014010
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt017241
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IRS990EZ/ExcessOrDeficitForYearAmt0-3275
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt027068
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CARY JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DIANE SCHELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAVID KAPANKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JOE LADUKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4STEVE WERRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5PATTI WERRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JOHN GRUENBERG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7PAUL CABRERA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURERSECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt013058
IRS990EZ/OtherAssetsTotalDetail/EOYAmt06552
IRS990EZ/OtherExpensesTotalAmt03384
IRS990EZ/OtherRevenueTotalAmt0109
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ND DEPT OF COMMERCE
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010377
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt016372
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt03384
IRS990EZ/TotalProgramServiceExpensesAmt016372
IRS990EZ/TotalRevenueAmt0109
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTWRT CAPITAL CREDIT 109
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTADVERTISING 393OFFICE EXP 829INSURANCE 800MISC EXP 1,362
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARFURNITURE AND EQUIPMENT 13,058 6,552
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE K SCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07012203841
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNDERWOOD AREA ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0UNDE
ReturnHeader/Filer/EIN0450421611
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 368
ReturnHeader/Filer/USAddress/CityNm0UNDERWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058576
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0800565641
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Turtle Lake Tax Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Turtle Lake
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd058575
ReturnHeader/PreparerPersonGrp/PhoneNum07014482249
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cathy
ReturnHeader/ReturnTs02023-04-10T13:18:22-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DIANE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHELL
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,793
Liabilities
$0
Net assets
$23,793
Revenue
$109
Expenses
$3,384
Net income
-$3,275
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