Civic Intelligence

Minnehaha County Economic Development Association

990EZ • Fiscal year 2018 • EIN 46-0416280

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 16, 2019

Organization ProfileSIOUXFALLSDEVELOPMENT.COM/MCEDA.CFM
PO Box 907Sioux Falls, SD 57101

(605) 339-0103

Siviq Scores

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

Liabilities / Assets

57th percentile

0.02x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.03x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

44th percentile

0.6%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

30th percentile

-7.7%

Faster asset growth than 30% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

1.4%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Flat

$204,064

Flat from 2018

Net Assets

Flat

$200,807

Flat from 2018

Liabilities

Flat

$3,257

Flat from 2018

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin44th percentile

Revenue

Flat

$118,346

Flat from 2018

Expenses

Flat

$117,610

Flat from 2018

Net Income

Flat

$736

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$300K$200K$100K$0Assets 2010: $122,663Liabilities 2010: $3,450Net Assets 2010: $119,2132010Assets 2011: $140,064Liabilities 2011: $10,651Net Assets 2011: $129,4132011Assets 2012: $135,645Liabilities 2012: $6,211Net Assets 2012: $129,4342012Assets 2013: $153,202Liabilities 2013: $6,208Net Assets 2013: $146,9942013Assets 2014: $164,412Liabilities 2014: $14,473Net Assets 2014: $149,9392014Assets 2015: $177,531Liabilities 2015: $10,578Net Assets 2015: $166,9532015Assets 2016: $196,997Liabilities 2016: $13,470Net Assets 2016: $183,5272016Assets 2017: $220,977Liabilities 2017: $20,907Net Assets 2017: $200,0702017Assets 2018: $204,064Liabilities 2018: $3,257Net Assets 2018: $200,8072018Assets 2018: $204,064Liabilities 2018: $3,257Net Assets 2018: $200,8072018Assets 2019: $221,183Liabilities 2019: $18,760Net Assets 2019: $202,4232019Assets 2020: $233,453Liabilities 2020: $9,252Net Assets 2020: $224,2012020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2018

Assets$204,064
Liabilities$3,257
Net Assets$200,807
Open 2018 Filing

Operations Trend

Revenue Growth52nd percentile

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

$400K$200K$0-$200K-$400KRevenue 2010: $91,110Expenses 2010: $103,795Net Income 2010: -$12,6852010Revenue 2011: $140,490Expenses 2011: $130,290Net Income 2011: $10,2002011Revenue 2012: $132,171Expenses 2012: $132,147Net Income 2012: $242012Revenue 2013: $106,937Expenses 2013: $89,379Net Income 2013: $17,5582013Revenue 2014: $108,758Expenses 2014: $105,813Net Income 2014: $2,9452014Revenue 2015: $111,407Expenses 2015: $94,393Net Income 2015: $17,0142015Revenue 2016: $120,362Expenses 2016: $103,788Net Income 2016: $16,5742016Revenue 2017: $116,718Expenses 2017: $100,174Net Income 2017: $16,5442017Revenue 2018: $118,346Expenses 2018: $117,610Net Income 2018: $7362018Revenue 2018: $118,346Expenses 2018: $117,610Net Income 2018: $7362018Revenue 2019: $124,593Expenses 2019: $121,633Net Income 2019: $2,9602019Revenue 2020: $124,873Expenses 2020: $103,096Net Income 2020: $21,7772020Revenue 2021: $133,376Expenses 2021: $357,576Net Income 2021: -$224,2002021

Highlighted filing

2018

Revenue$118,346
Expenses$117,610
Net Income$736
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 16, 2019
Return Version
2017v2.3
Gross Receipts
$118,346
Mission and Program Overview

Mission

Promotion of industrial/commercial development

ECONOMIC DEVELOPMENT

Program Services

DescriptionGrantsExpenses
FURTHERANCE OF ECONOMIC DEVELOPMENT OF MINNEHAHA COUNTY, SD. THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF MINNEHAHA COUNTY, SD.-$117,610
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICK FOSHEIMExecutive DiPT$0--
MIKE WENDLANDPresident-$0--
TERRY EBRIGHTVice-Preside-$0--
DENNIS OLSONSecr./Treas.-$0--
MARV WIEMANBoard Member-$0--
JESSE FONKERTBoard Member-$0--
DEAN KARSKYBoard Member-$0--
DON JOHNSONBoard Member-$0--
ERIC KROUSEBoard Member-$0--
MIKE GERAETSBoard Member-$0--
JASON PITTMANBoard Member-$0--
BILL HOSKINSBoard Member-$0--
GERRY KARPENBoard Member-$0--
JOE ANDERSONBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Minnehaha County Economic
EIN
46-0416280
Phone
6053390103
Address
PO BOX 907, SIOUX FALLS, SD 57101

Signing Officer

Name
Nick Fosheim
Title
Executive Director
Phone
6055826515
Signed
2019-02-16

Preparer

Firm
Woltman Group Pc
Address
7001 S LYNCREST PLACE SUITE 200, SIOUX FALLS, SD 57108-2599
Preparer
Shawn Q Blom
Phone
6053611200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses future fund campaign expenses 110 contract labor 114,759 golf sponsorship/expenses 2,559 non-investment depreciation 182 total 117,610”

Form 990-ez, Part II, Line 24

“Accounts receivable 0 1,150 prepaid expenses and deferred charges 0 1,775 equipment 1,502 1,502 less accumulated depreciation 928 1,110 total 574 3,317”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 20,906 3,257”

Raw XML Appendix150 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/CityNm0BRANDON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd057005
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0220403
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0200747
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt01450
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IRS990EZ/MembershipDuesAmt0115650
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt120
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt130
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0NICK FOSHEIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MIKE WENDLAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TERRY EBRIGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DENNIS OLSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARV WIEMAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DEAN KARSKY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DON JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8ERIC KROUSE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9MIKE GERAETS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10JASON PITTMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11BILL HOSKINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12GERRY KARPEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm13JOE ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE-PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECR./TREAS.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0574
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03317
IRS990EZ/OtherExpensesTotalAmt0117610
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FURTHERANCE OF ECONOMIC DEVELOPMENT OF MINNEHAHA COUNTY, SD. THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF MINNEHAHA COUNTY, SD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0117610
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt020906
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0117610
IRS990EZ/TotalProgramServiceExpensesAmt0117610
IRS990EZ/TotalRevenueAmt0118346
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0SIOUXFALLSDEVELOPMENT.COM/MCEDA.CFM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES FUTURE FUND CAMPAIGN EXPENSES 110 CONTRACT LABOR 114,759 GOLF SPONSORSHIP/EXPENSES 2,559 NON-INVESTMENT DEPRECIATION 182 TOTAL 117,610
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 1,150 PREPAID EXPENSES AND DEFERRED CHARGES 0 1,775 EQUIPMENT 1,502 1,502 LESS ACCUMULATED DEPRECIATION 928 1,110 TOTAL 574 3,317
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 20,906 3,257
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK FOSHEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06055826515
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNEHAHA COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0460416280
ReturnHeader/Filer/PhoneNum06053390103
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 907
ReturnHeader/Filer/USAddress/CityNm0SIOUX FALLS
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ReturnHeader/Filer/USAddress/ZIPCd057101
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.230.93.50
ReturnHeader/FilingSecurityInformation/IPDt02019-03-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:48:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460398923
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOLTMAN GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07001 S LYNCREST PLACE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0571082599
ReturnHeader/PreparerPersonGrp/PhoneNum06053611200
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAWN Q BLOM
ReturnHeader/ReturnTs02019-03-22T15:48:27-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$204,064
Liabilities
$3,257
Net assets
$200,807
Revenue
$118,346
Expenses
$117,610
Net income
$736
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$1.33$3.58$2.24
2020Detailed filing. Detailed filing data is available for this year.$2.33$0.09$2.24$1.25$1.03$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.21$0.19$2.02$1.25$1.22$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.04$0.03$2.01$1.18$1.18$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.04$0.03$2.01$1.18$1.18$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.21$0.21$2.00$1.17$1.00$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.97$0.13$1.84$1.20$1.04$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.78$0.11$1.67$1.11$0.94$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.64$0.14$1.50$1.09$1.06$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.06$1.47$1.07$0.89$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.06$1.29$1.32$1.32$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.11$1.29$1.40$1.30$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.03$1.19$0.91$1.04$0.13