Civic Intelligence

Underwood Area Economic Development Corporation

990EZ • Fiscal year 2024 • EIN 45-0421611

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 21, 2025

Organization ProfileN/A
PO Box 368Underwood, ND 58576

(701) 442-5596

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

2024 filings • NTEE S20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

2024 filings • NTEE S20 • <$500k nonprofits • Source year 2024

Net Margin

2nd percentile

-726%

Higher net margin than 2% of similar nonprofits.

2024 filings • NTEE S20 • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2024 filings • NTEE S20 • <$500k nonprofits • Source year 2024

Asset Growth

28th percentile

-16%

Faster asset growth than 28% of similar nonprofits.

2024 filings • NTEE S20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

43%

Faster revenue growth than 76% of similar nonprofits.

2024 filings • NTEE S20 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$18,796

Down $3,652 (-16%) from 2023

Net Assets

Down

$18,796

Down $3,652 (-16%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin2nd percentile

Revenue

Up

$503

Up $151 (+43%) from 2023

Expenses

Up

$4,155

Up $2,458 (+145%) from 2023

Net Income

Down

-$3,652

Down $2,307 (-172%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2024

Assets$18,796
Liabilities$0
Net Assets$18,796
Open 2024 Filing

Operations Trend

Revenue Growth76th 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

2024

Revenue$503
Expenses$4,155
Net Income-$3,652
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 21, 2025
Return Version
2024v5.0
Gross Receipts
$503
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Program Services

DescriptionGrantsExpenses
CITY OF UNDERWOOD$10,000$0
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

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

Filer

Filer Name
Underwood Area Economic Development Corporation
EIN
45-0421611
In Care Of
% DIANE SCHELL
Phone
7014425596
Address
PO BOX 368, UNDERWOOD, ND 58576

Signing Officer

Name
Diane Schell
Title
President
Phone
7012203841
Signed
2025-03-21
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 503”

List of grants and similar amounts paid Part I line 10

“Activity building repair grantee community cupboard street lincoln ave city, state, zip underwood, nd 58576amount 2,266”

Description of other expenses Part I line 16

“Description amountoffice exp 960insurance 800misc exp 129”

Description of other assets Part II line 24

“Category beginning of year end of yearfurniture and equipment 17,156 7,156”

Raw XML Appendix123 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/PersonNm0DIANE SCHELL
IRS990EZ/BooksInCareOfDetail/PhoneNum07014425596
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 103
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0UNDERWOOD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd058576
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05292
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011640
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-3652
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt022448
IRS990EZ/Form990TotalAssetsGrp/EOYAmt018796
IRS990EZ/GrantsAndSimilarAmountsPaidAmt02266
IRS990EZ/GrossReceiptsAmt0503
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt022448
IRS990EZ/NetAssetsOrFundBalancesEOYAmt018796
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt022448
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt018796
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
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/PersonNm0CARY JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DIANE SCHELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAVID KAPANKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JOE LADUKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4PAUL CABRERA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURERSECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt017156
IRS990EZ/OtherAssetsTotalDetail/EOYAmt07156
IRS990EZ/OtherExpensesTotalAmt01889
IRS990EZ/OtherRevenueTotalAmt0503
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CITY OF UNDERWOOD
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt04155
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0503
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTWRT CAPITAL CREDIT 503
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY BUILDING REPAIR GRANTEE COMMUNITY CUPBOARD STREET LINCOLN AVE CITY, STATE, ZIP UNDERWOOD, ND 58576AMOUNT 2,266
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTOFFICE EXP 960INSURANCE 800MISC EXP 129
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARFURNITURE AND EQUIPMENT 17,156 7,156
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE SCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07012203841
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNDERWOOD AREA ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0UNDE
ReturnHeader/Filer/EIN0450421611
ReturnHeader/Filer/InCareOfNm0% DIANE SCHELL
ReturnHeader/Filer/PhoneNum07014425596
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 368
ReturnHeader/Filer/USAddress/CityNm0UNDERWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058576
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02025-03-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHY
ReturnHeader/ReturnTs02025-03-21T15:10:20-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,796
Liabilities
$0
Net assets
$18,796
Revenue
$503
Expenses
$4,155
Net income
-$3,652
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