Civic Intelligence

Minnehaha County Economic Development Association

990EZ • Fiscal year 2019 • EIN 46-0416280

Oct 01, 2018 to Sep 30, 2019 • Filed on Dec 11, 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

72nd percentile

0.08x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.15x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

49th percentile

2.4%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

61st percentile

8.4%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

60th percentile

5.3%

Faster revenue growth than 60% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$221,183

Up $17,119 (+8.4%) from 2018

Net Assets

Up

$202,423

Up $1,616 (+0.8%) from 2018

Liabilities

Up

$18,760

Up $15,503 (+476%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin49th percentile

Revenue

Up

$124,593

Up $6,247 (+5.3%) from 2018

Expenses

Up

$121,633

Up $4,023 (+3.4%) from 2018

Net Income

Up

$2,960

Up $2,224 (+302%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st 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 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

2019

Assets$221,183
Liabilities$18,760
Net Assets$202,423
Open 2019 Filing

Operations Trend

Revenue Growth60th 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 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

2019

Revenue$124,593
Expenses$121,633
Net Income$2,960
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Dec 11, 2019
Return Version
2018v3.1
Gross Receipts
$124,849
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.-$121,633
Compensation and Service Providers
Top Officer Pay71st 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--
RICK LEHMANBoard Member-$0--
JASON PITTMANBoard Member-$0--
BILL HOSKINSBoard Member-$0--
CHAD RONSHAUGENBoard 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
2019-12-11

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 5,567 contract labor 114,342 golf sponsorship/expenses 1,338 bad debt expense 250 non-investment depreciation 136 total 121,633”

Form 990-ez, Part I, Line 20

“Investment loss on equity basis -1,343”

Form 990-ez, Part II, Line 24

“Accounts receivable 1,150 987 prepaid expenses and deferred charges 1,775 0 equipment 1,502 596 less accumulated depreciation 1,110 596 total 3,317 987”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 3,258 18,760”

Raw XML Appendix155 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/PersonNm0DENNIS OLSON
IRS990EZ/BooksInCareOfDetail/PhoneNum06055826515
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 95
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BRANDON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd057005
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0200747
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0220196
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt05788
IRS990EZ/CostOrOtherBasisExpenseSaleAmt0256
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt02960
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-256
IRS990EZ/GrossReceiptsAmt0124849
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0119050
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0200806
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0202423
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt91.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt121.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt131.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
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
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JESSE FONKERT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DEAN KARSKY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DON JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8ERIC KROUSE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9RICK LEHMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10JASON PITTMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11BILL HOSKINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12CHAD RONSHAUGEN
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/TitleTxt10BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt03317
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0987
IRS990EZ/OtherChangesInNetAssetsAmt0-1343
IRS990EZ/OtherExpensesTotalAmt0121633
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/ProgramServiceExpensesAmt0121633
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03258
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt018760
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0121633
IRS990EZ/TotalProgramServiceExpensesAmt0121633
IRS990EZ/TotalRevenueAmt0124593
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0SIOUXFALLSDEVELOPMENT.COM/MCEDA.CFM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES FUTURE FUND CAMPAIGN EXPENSES 5,567 CONTRACT LABOR 114,342 GOLF SPONSORSHIP/EXPENSES 1,338 BAD DEBT EXPENSE 250 NON-INVESTMENT DEPRECIATION 136 TOTAL 121,633
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVESTMENT LOSS ON EQUITY BASIS -1,343
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 1,150 987 PREPAID EXPENSES AND DEFERRED CHARGES 1,775 0 EQUIPMENT 1,502 596 LESS ACCUMULATED DEPRECIATION 1,110 596 TOTAL 3,317 987
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,258 18,760
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK FOSHEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06055826515
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-11
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057101
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CEAC8AA291842705D814F478112F2C272F42B546
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CEAC8AA291842705D814F478112F2C272F42B546
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.230.93.50
ReturnHeader/FilingSecurityInformation/IPDt02020-01-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:31:48
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/PreparationDt02020-01-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAWN Q BLOM
ReturnHeader/ReturnTs02020-01-07T16:31:48-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$221,183
Liabilities
$18,760
Net assets
$202,423
Revenue
$124,593
Expenses
$121,633
Net income
$2,960
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
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