Civic Intelligence

Vermillion Area Chamber of Commerce

990 • Fiscal year 2019 • EIN 46-0284795

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 25, 2020

Organization ProfileWWW.VERMILLIONCHAMBER.COM
2 East Main Street Suite 101Vermillion, SD 57069

(605) 624-5571

Siviq Scores

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

Liabilities / Assets

91st percentile

0.94x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

10.78x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Net Margin

7th percentile

-61%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

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

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$11,414,880

Up $1,909,009 (+20%) from 2018

Net Assets

Down

$659,053

Down $844,507 (-56%) from 2018

Liabilities

Up

$10,755,827

Up $2,753,516 (+34%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin7th percentile

Revenue

Up

$997,961

Up $126,774 (+15%) from 2018

Expenses

Up

$1,611,136

Up $393,661 (+32%) from 2018

Net Income

Down

-$613,175

Down $266,887 (-77%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $1,929,833Liabilities 2010: $25,921Net Assets 2010: $1,903,9122010Assets 2011: $3,375,732Liabilities 2011: $22,714Net Assets 2011: $3,353,0182011Assets 2012: $3,215,858Liabilities 2012: $23,878Net Assets 2012: $3,191,9802012Assets 2013: $5,654,083Liabilities 2013: $2,918,441Net Assets 2013: $2,735,6422013Assets 2014: $8,429,860Liabilities 2014: $5,845,425Net Assets 2014: $2,584,4352014Assets 2015: $8,565,939Liabilities 2015: $5,749,184Net Assets 2015: $2,816,7552015Assets 2016: $8,703,201Liabilities 2016: $6,237,119Net Assets 2016: $2,466,0822016Assets 2017: $8,433,493Liabilities 2017: $6,515,048Net Assets 2017: $1,918,4452017Assets 2018: $9,505,871Liabilities 2018: $8,002,311Net Assets 2018: $1,503,5602018Assets 2019: $11,414,880Liabilities 2019: $10,755,827Net Assets 2019: $659,0532019Assets 2020: $12,271,490Liabilities 2020: $10,305,583Net Assets 2020: $1,965,9072020Assets 2021: $13,347,571Liabilities 2021: $11,899,851Net Assets 2021: $1,447,7202021Assets 2022: $14,713,071Liabilities 2022: $13,287,823Net Assets 2022: $1,425,2482022Assets 2023: $14,802,392Liabilities 2023: $13,322,077Net Assets 2023: $1,480,3152023Assets 2024: $16,605,461Liabilities 2024: $14,304,477Net Assets 2024: $2,300,9842024

Highlighted filing

2019

Assets$11,414,880
Liabilities$10,755,827
Net Assets$659,053
Open 2019 Filing

Operations Trend

Revenue Growth73rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $427,2552010Expenses 2011: $556,1362011Expenses 2012: $565,4182012Revenue 2013: $381,763Expenses 2013: $829,245Net Income 2013: -$447,4822013Revenue 2014: $893,049Expenses 2014: $1,044,256Net Income 2014: -$151,2072014Revenue 2015: $1,021,753Expenses 2015: $789,433Net Income 2015: $232,3202015Revenue 2016: $711,483Expenses 2016: $1,610,212Net Income 2016: -$898,7292016Revenue 2017: $1,205,569Expenses 2017: $1,579,730Net Income 2017: -$374,1612017Revenue 2018: $871,187Expenses 2018: $1,217,475Net Income 2018: -$346,2882018Revenue 2019: $997,961Expenses 2019: $1,611,136Net Income 2019: -$613,1752019Revenue 2020: $1,741,973Expenses 2020: $1,455,628Net Income 2020: $286,3452020Revenue 2021: $1,278,713Expenses 2021: $1,664,667Net Income 2021: -$385,9542021Revenue 2022: $1,541,408Expenses 2022: $1,563,880Net Income 2022: -$22,4722022Revenue 2023: $1,497,971Expenses 2023: $1,442,904Net Income 2023: $55,0672023Revenue 2024: $2,969,160Expenses 2024: $2,148,491Net Income 2024: $820,6692024

Highlighted filing

2019

Revenue$997,961
Expenses$1,611,136
Net Income-$613,175
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 25, 2020
Return Version
2019v5.1
Gross Receipts
$1,358,851
Mission and Program Overview

Mission

To promote and develop economic growth for the city of vermillion, sd

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,504,887$9,387,527▲ $2,882,640
Inventories for Sale or Use$2,233,444$1,804,028▼ $429,416
Cash and Non-Interest-Bearing Accounts$439,333$120,105▼ $319,228
Pledges and Grants Receivable$266,244$52,215▼ $214,029
Other Notes and Loans Receivable, Net$9,500$32,063▲ $22,563
Accounts Receivable$52,463$18,942▼ $33,521
Total Assets$9,505,871$11,414,880▲ $1,909,009
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,689,361$10,420,858▲ $2,731,497
Other Liabilities$311,354$333,270▲ $21,916
Accounts Payable and Accrued Expenses$1,596$1,699▲ $103
Total Liabilities$8,002,311$10,755,827▲ $2,753,516
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,503,560$659,053▼ $844,507
Total Net Assets Fund Balance$1,503,560$659,053▼ $844,507
Total Liabilities and Net Assets / Fund Balance$9,505,871$11,414,880▲ $1,909,009

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,181,286$999,824$10,181,110
Land$152,894-$152,894
Equipment$53,347$53,708$107,055
Compensation and Service Providers
Top Officer Pay29th percentile

Board Members and Trustees

NameTitle
Amy ChristensenPast President
Jami BaedkePresident
Scott PohlsonVice President
Aj FrankenDirector
Damon AlveyDirector
Darwin Van Den OeverDirector
Dave HertzDirector
Greg HuckabeeDirector
Gregg PetersDirector
Jim PetersonDirector
Joe HooseDirector
Joshua SuingDirector
Leslie GerrishDirector
Mary MerriganDirector
Mike ManningDirector
Powell JackDirector
Prescott JohnSecretary
Jeff EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$652,006
Program Service Revenue
$97,417
Investment Income
$727
Other Revenue
$247,811
All Other Contributions
$317,891
Change in Net Assets
$-613,175

Audited Revenue Reconciliation

Revenue per Audited Statements
$997,961
Total Revenue per Audited Statements
$997,961
Total Revenue per Form 990
$997,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,219,715
Salaries, Compensation, and Employee Benefits$391,421
Total Fundraising Expense$140,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$383,589--$383,589
Other Salaries and Wages-$360,455-$360,455
Depreciation Depletion$261,234$10,670-$271,904
Advertising$995$2,473$128,510$131,978
Occupancy$31,404--$31,404
Payroll Taxes-$30,966-$30,966
Other Expenses$92$29,100-$29,100
Insurance-$16,516-$16,516
Office Expenses-$12,986-$12,986
Fees for Services Accounting-$12,563-$12,563
Information Technology-$12,472-$12,472
Travel--$12,282$12,282
Conferences and Meetings-$2,391-$2,391
Total Functional Expenses$972,956$497,388$140,792$1,611,136

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,611,136
Total Expenses per Audited Statements$1,611,136
Total Expenses per Form 990$1,611,136
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$104,892
Fundraising Gross Income$52,273
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ambassadors$52,273$52,273$104,892$-52,619
Total Events$52,273$52,273$104,892$-52,619
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Payable$163,822
Accrued Leave Payable$161,344
Federal income taxes$8,104
Sd Equity Partners Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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, Section B, Line 11B

“A copy of the 990 is provided to the board of directors”

Form 990, Part VI, Section B, Line 15A

“The board of directors determines and documents in the minutes the compensation for the executive director”

Form 990, Part VI, Section B, Line 19

“Documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Vermillion Chamber & Development Co
EIN
46-0284795
Phone
6056245571
Address
2 EAST MAIN STREET SUITE 101, VERMILLION, SD 57069

Signing Officer

Name
Nathan Welch
Title
Exective Director
Signed
2020-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathan Welch
Formed
1967
Legal Domicile
Sd
Voting Board Members
18
Independent Board Members
18
Employees
18

Preparer

Firm
Quam Berglin & Post Pc
Address
PO BOX 426, ELK POINT, SD 57025
Preparer
Terri L Post
Phone
6053563374
Raw XML AppendixShowing 400 of 491 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01596
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01699
IRS990/AccountsReceivableGrp/BOYAmt052463
IRS990/AccountsReceivableGrp/EOYAmt018942
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE AND DEVELOP ECONOMIC GROWTH FOR THE CITY OF VERMILLION, SD
IRS990/AdvertisingGrp/FundraisingAmt0128510
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02473
IRS990/AdvertisingGrp/ProgramServicesAmt0995
IRS990/AdvertisingGrp/TotalAmt0131978
IRS990/AllOtherContributionsAmt0317891
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0SAMUEL CRAIG
IRS990/BooksInCareOfDetail/PhoneNum06056245571
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06 WEST STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0VERMILLION
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057069
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0439333
IRS990/CashNonInterestBearingGrp/EOYAmt0120105
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02391
IRS990/ConferencesMeetingsGrp/TotalAmt02391
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt031533
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0652006
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0727
IRS990/CYOtherExpensesAmt01219715
IRS990/CYOtherRevenueAmt0247811
IRS990/CYProgramServiceRevenueAmt097417
IRS990/CYRevenuesLessExpensesAmt0-613175
IRS990/CYSalariesCompEmpBnftPaidAmt0391421
IRS990/CYTotalExpensesAmt01611136
IRS990/CYTotalFundraisingExpenseAmt0140792
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0997961
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt010670
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0261234
IRS990/DepreciationDepletionGrp/TotalAmt0271904
IRS990/Desc0WORK TOWARDS THE ORGANIZATIONS COMMUNITY BETTERMENT AND ECONOMIC DEVELOPMENT GOALS OF SUSTAINABLE BUSINESS DEVELOPMENT AND GREATER COMMUNITY AWARENESS THROUGH ITS PROGRAMS AND ECONOMIC DEVELOPMENT INITIATIVES
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt018
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0972956
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012563
IRS990/FeesForServicesAccountingGrp/TotalAmt012563
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt16001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt17001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0AMY CHRISTENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm1PRESCOTT JOHN
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFF ERICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm3POWELL JACK
IRS990/Form990PartVIISectionAGrp/PersonNm4DAMON ALVEY
IRS990/Form990PartVIISectionAGrp/PersonNm5SCOTT POHLSON
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMI BAEDKE
IRS990/Form990PartVIISectionAGrp/PersonNm7JOE HOOSE
IRS990/Form990PartVIISectionAGrp/PersonNm8GREG HUCKABEE
IRS990/Form990PartVIISectionAGrp/PersonNm9MIKE MANNING
IRS990/Form990PartVIISectionAGrp/PersonNm10MARY MERRIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm11JIM PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm12JOSHUA SUING
IRS990/Form990PartVIISectionAGrp/PersonNm13AJ FRANKEN
IRS990/Form990PartVIISectionAGrp/PersonNm14LESLIE GERRISH
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVE HERTZ
IRS990/Form990PartVIISectionAGrp/PersonNm16GREGG PETERS
IRS990/Form990PartVIISectionAGrp/PersonNm17DARWIN VAN DEN OEVER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt0104892
IRS990/FundraisingGrossIncomeAmt052273
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt0250000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01358851
IRS990/GrossRentsGrp/RealAmt0525016
IRS990/GrossSalesOfInventoryAmt031412
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt018
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012472
IRS990/InformationTechnologyGrp/TotalAmt012472
IRS990/InsuranceGrp/ManagementAndGeneralAmt016516
IRS990/InsuranceGrp/TotalAmt016516
IRS990/InterestGrp/ProgramServicesAmt0383589
IRS990/InterestGrp/TotalAmt0383589
IRS990/InventoriesForSaleOrUseGrp/BOYAmt02233444
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01804028
IRS990/InvestmentIncomeGrp/ExclusionAmt0727
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0727
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01053532
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06504887
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09387527
IRS990/LandBldgEquipCostOrOtherBssAmt010441059
IRS990/LegalDomicileStateCd0SD
IRS990/LessRentalExpensesGrp/RealAmt0224465
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt084115
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE AND DEVELOP ECONOMIC GROWTH FOR THE CITY OF VERMILLION, SD
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07689361
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010420858
IRS990/NetAssetsOrFundBalancesBOYAmt01503560
IRS990/NetAssetsOrFundBalancesEOYAmt0659053
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-52619
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-121
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0300551
IRS990/NetUnrlzdGainsLossesInvstAmt0-231332
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01503560
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0659053
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/ProgramServicesAmt031404
IRS990/OccupancyGrp/TotalAmt031404
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012986
IRS990/OfficeExpensesGrp/TotalAmt012986
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1REGISTRATION, DUES AND SUBS
IRS990/OtherExpensesGrp/Desc2EQUIP RENTAL AND MAINT
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01463
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15333
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt229100
IRS990/OtherExpensesGrp/ProgramServicesAmt0295642
IRS990/OtherExpensesGrp/ProgramServicesAmt192
IRS990/OtherExpensesGrp/TotalAmt0295642
IRS990/OtherExpensesGrp/TotalAmt11555
IRS990/OtherExpensesGrp/TotalAmt25333
IRS990/OtherExpensesGrp/TotalAmt329100
IRS990/OtherLiabilitiesGrp/BOYAmt0311354
IRS990/OtherLiabilitiesGrp/EOYAmt0333270
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0360455
IRS990/OtherSalariesAndWagesGrp/TotalAmt0360455
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09500
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt032063
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030966
IRS990/PayrollTaxesGrp/TotalAmt030966
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0266244
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052215
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0NATHAN WELCH
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CONVENTION VISITORS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097417
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0697330
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0371
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0881936
IRS990/PYOtherRevenueAmt075472
IRS990/PYProgramServiceRevenueAmt098014
IRS990/PYRevenuesLessExpensesAmt0-346288
IRS990/PYSalariesCompEmpBnftPaidAmt0335539
IRS990/PYTotalExpensesAmt01217475
IRS990/PYTotalRevenueAmt0871187
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-613175
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0300551
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt09181286
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0999824
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010181110
IRS990ScheduleD/EquipmentGrp/BookValueAmt053347
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053708
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0107055
IRS990ScheduleD/ExpensesSubtotalAmt01611136
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0152894
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0152894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1161344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2163822
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LEAVE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SD EQUITY PARTNERS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0997961
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09387527
IRS990ScheduleD/TotalExpensesPerForm990Amt01611136
IRS990ScheduleD/TotalLiabilityAmt0333270
IRS990ScheduleD/TotalRevenuePerForm990Amt0997961
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0997961
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01611136
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0104892
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AMBASSADORS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt052273
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt052273
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt052273
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt052273
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-52619
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0104892
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0104892
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,414,880
Liabilities
$10,755,827
Net assets
$659,053
Revenue
$997,961
Expenses
$1,611,136
Net income
-$613,175
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.6$14.3$2.30$2.97$2.15$0.82
2023Detailed filing. Detailed filing data is available for this year.$14.8$13.3$1.48$1.50$1.44$0.06
2022Detailed filing. Detailed filing data is available for this year.$14.7$13.3$1.43$1.54$1.56$0.02
2021Detailed filing. Detailed filing data is available for this year.$13.3$11.9$1.45$1.28$1.66$0.39
2020Detailed filing. Detailed filing data is available for this year.$12.3$10.3$1.97$1.74$1.46$0.29
2019Detailed filing. Detailed filing data is available for this year.$11.4$10.8$0.66$1.00$1.61$0.61
2018Detailed filing. Detailed filing data is available for this year.$9.51$8.00$1.50$0.87$1.22$0.35
2017Detailed filing. Detailed filing data is available for this year.$8.43$6.52$1.92$1.21$1.58$0.37
2016Detailed filing. Detailed filing data is available for this year.$8.70$6.24$2.47$0.71$1.61$0.90
2015Detailed filing. Detailed filing data is available for this year.$8.57$5.75$2.82$1.02$0.79$0.23
2014Detailed filing. Detailed filing data is available for this year.$8.43$5.85$2.58$0.89$1.04$0.15
2013Detailed filing. Detailed filing data is available for this year.$5.65$2.92$2.74$0.38$0.83$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$0.02$3.19$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.02$3.35$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.03$1.90$0.43