Civic Intelligence

Dell Rapids Development Company

990 • Fiscal year 2018 • EIN 46-0385169

May 01, 2017 to Apr 30, 2018 • Filed on Feb 21, 2019

Organization Profile
PO Box 21Dell Rapids, SD 57022

(605) 428-5207

Siviq Scores

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

Liabilities / Assets

85th percentile

0.48x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

5.47x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

96th percentile

80%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

91st percentile

38%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-57%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$1,458,796

Up $401,901 (+38%) from 2017

Net Assets

Up

$753,506

Up $102,895 (+16%) from 2017

Liabilities

Up

$705,290

Up $299,006 (+74%) from 2017

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin96th percentile

Revenue

Down

$128,852

Down $172,079 (-57%) from 2017

Expenses

Up

$25,957

Up $517 (+2.0%) from 2017

Net Income

Down

$102,895

Down $172,596 (-63%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $668,552Liabilities 2015: $338,600Net Assets 2015: $329,9522015Assets 2016: $862,540Liabilities 2016: $475,000Net Assets 2016: $387,5402016Assets 2017: $1,056,895Liabilities 2017: $406,284Net Assets 2017: $650,6112017Assets 2018: $1,458,796Liabilities 2018: $705,290Net Assets 2018: $753,5062018Assets 2019: $1,456,109Liabilities 2019: $630,125Net Assets 2019: $825,9842019Assets 2020: $1,522,996Liabilities 2020: $619,750Net Assets 2020: $903,2462020Assets 2021: $1,556,010Liabilities 2021: $543,003Net Assets 2021: $1,013,0072021Assets 2022: $1,627,470Liabilities 2022: $532,628Net Assets 2022: $1,094,8422022Assets 2023: $1,908,579Liabilities 2023: $494,353Net Assets 2023: $1,414,2262023Assets 2024: $1,852,309Liabilities 2024: $484,908Net Assets 2024: $1,367,4012024Assets 2025: $1,623,169Liabilities 2025: $283,628Net Assets 2025: $1,339,5412025

Highlighted filing

2018

Assets$1,458,796
Liabilities$705,290
Net Assets$753,506
Open 2018 Filing

Operations Trend

Revenue Growth4th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $226,988Expenses 2015: $15,488Net Income 2015: $211,5002015Revenue 2016: $80,797Expenses 2016: $23,209Net Income 2016: $57,5882016Revenue 2017: $300,931Expenses 2017: $25,440Net Income 2017: $275,4912017Revenue 2018: $128,852Expenses 2018: $25,957Net Income 2018: $102,8952018Revenue 2019: $106,082Expenses 2019: $33,604Net Income 2019: $72,4782019Revenue 2020: $103,771Expenses 2020: $26,509Net Income 2020: $77,2622020Revenue 2021: $139,122Expenses 2021: $29,361Net Income 2021: $109,7612021Revenue 2022: $100,048Expenses 2022: $18,213Net Income 2022: $81,8352022Revenue 2023: $346,521Expenses 2023: $27,137Net Income 2023: $319,3842023Revenue 2024: $154,387Expenses 2024: $201,212Net Income 2024: -$46,8252024Revenue 2025: $198,050Expenses 2025: $225,910Net Income 2025: -$27,8602025

Highlighted filing

2018

Revenue$128,852
Expenses$25,957
Net Income$102,895
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Feb 21, 2019
Return Version
2017v2.3
Gross Receipts
$128,852
Mission and Program Overview

Mission

Promotion of new business activity and the expansion of existing businesses in the city of dell rapids, south dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$649,703$1,062,448▲ $412,745
Rtn Earn Endowment Incm Other Fnds$650,611$753,506▲ $102,895
Savings and Temporary Cash Investments$340,187$391,833▲ $51,646
Cash and Non-Interest-Bearing Accounts$67,005$4,515▼ $62,490
Total Assets$1,056,895$1,458,796▲ $401,901
Liabilities
Mortgage Notes Payable Secured by Investment Property$363,784$705,290▲ $341,506
Other Liabilities$42,500--
Total Liabilities$406,284$705,290▲ $299,006
Net Assets / Fund Balance
Total Net Assets Fund Balance$650,611$753,506▲ $102,895
Total Liabilities and Net Assets / Fund Balance$1,056,895$1,458,796▲ $401,901
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Douglas HainjePresident
Chad StroscheinDirector
Harold SkatvoldDirector
Lane LebrunDirector
Mark CrispDirector
Michael GeraetsDirector
Mitchell MergenDirector
Debra RauschSecretary/tr
Dan KleinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$100,100
Program Service Revenue
$9,874
Investment Income
$913
Other Revenue
$17,965
Change in Net Assets
$102,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,557
Grants and Similar Amounts Paid$5,400
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$20,153--$20,153
Grants to Domestic Orgs$5,400--$5,400
Fees for Services Legal$127--$127
Other Expenses$77--$77
Total Functional Expenses$25,957$0$0$25,957
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Quartzite InvestorsDell Rapids, SD-New Business Incent$5,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Page 6, Part VI, Line 6

“ONE CLASS OF MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“Each member shall have paid a 100 fee. Membership shall be held principally by local person, firms or corporations residing or doing business in the area of dell rapids, south dakota. Each member is entitled to one vote.”

Form 990, Page 6, Part VI, Line 11B

“Officers of the organization review form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“As each business transaction of the company is addressed the board of directors considers if a conflict of interest is an issue. If there is a potential issue the board member involved is not allowed to vote on the issue.”

Form 990, Page 6, Part VI, Line 19

“Upon request made to the company mailing address.”

Filing and Contact Details

Filer

Filer Name
Dell Rapids Development Company
EIN
46-0385169
Address
PO BOX 21, DELL RAPIDS, SD 57022

Signing Officer

Name
Douglas Hainje
Title
President
Signed
2019-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra Rausch
Formed
1967
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Kmwf & Associates Pc
Address
301 EAST 4TH STREET SUITE 2, DELL RAPIDS, SD 57022
Preparer
Justin Schneider
Phone
6054285694
Raw XML Appendix321 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER SHALL HAVE PAID A 100 FEE. MEMBERSHIP SHALL BE HELD PRINCIPALLY BY LOCAL PERSON, FIRMS OR CORPORATIONS RESIDING OR DOING BUSINESS IN THE AREA OF DELL RAPIDS, SOUTH DAKOTA. EACH MEMBER IS ENTITLED TO ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS OF THE ORGANIZATION REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS EACH BUSINESS TRANSACTION OF THE COMPANY IS ADDRESSED THE BOARD OF DIRECTORS CONSIDERS IF A CONFLICT OF INTEREST IS AN ISSUE. IF THERE IS A POTENTIAL ISSUE THE BOARD MEMBER INVOLVED IS NOT ALLOWED TO VOTE ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST MADE TO THE COMPANY MAILING ADDRESS.
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ReturnHeader/TaxPeriodEndDt02018-04-30
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,458,796
Liabilities
$705,290
Net assets
$753,506
Revenue
$128,852
Expenses
$25,957
Net income
$102,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.62$0.28$1.34$0.20$0.23$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.85$0.48$1.37$0.15$0.20$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.91$0.49$1.41$0.35$0.03$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.63$0.53$1.09$0.10$0.02$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.56$0.54$1.01$0.14$0.03$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.52$0.62$0.90$0.10$0.03$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.46$0.63$0.83$0.11$0.03$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.71$0.75$0.13$0.03$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.06$0.41$0.65$0.30$0.03$0.28
2016Summary only. Only limited summary data is available for this year.$0.86$0.48$0.39$0.08$0.02$0.06
2015Summary only. Only limited summary data is available for this year.$0.67$0.34$0.33$0.23$0.02$0.21