Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Minnehaha County Economic Development Association
990EZ • Fiscal year 2020 • EIN 46-0416280
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.04x
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
72nd percentile
Higher net margin than 72% of similar nonprofits.
Top Officer Pay
70th percentile
Higher top officer pay than 70% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
55th percentile
Faster asset growth than 55% of similar nonprofits.
Revenue Growth
77th percentile
Faster revenue growth than 77% of similar nonprofits.
Balance Sheet
Assets
Up$233,453
Up $12,270 (+5.5%) from 2019
Net Assets
Up$224,201
Up $21,778 (+11%) from 2019
Liabilities
Down$9,252
Down $9,508 (-51%) from 2019
Revenue And Expenses
Revenue
Up$124,873
Up $280 (+0.2%) from 2019
Expenses
Down$103,096
Down $18,537 (-15%) from 2019
Net Income
Up$21,777
Up $18,817 (+636%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2019 to Sep 30, 2020
- Signed
- Dec 28, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $124,873
Mission and Program Overview
Mission
Promotion of industrial/commercial development
ECONOMIC DEVELOPMENT
Program Services
| Description | Grants | Expenses |
|---|---|---|
| FURTHERANCE OF ECONOMIC DEVELOPMENT OF MINNEHAHA COUNTY, SD. THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF MINNEHAHA COUNTY, SD. | - | $96,038 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JESSE FONKERT | Executive Di | PT | $0 | - | - |
| MIKE WENDLAND | President | - | $0 | - | - |
| DENNIS OLSON | Secr./Treas. | - | $0 | - | - |
| RICK LEHMAN | Board Member | - | $0 | - | - |
| MARV WIEMAN | Board Member | - | $0 | - | - |
| TERESA SIDEL | Board Member | - | $0 | - | - |
| DEAN KARSKY | Board Member | - | $0 | - | - |
| DON JOHNSON | Board Member | - | $0 | - | - |
| ERIC KROUSE | Board Member | - | $0 | - | - |
| CHAD RONSHAUGEN | Board Member | - | $0 | - | - |
| BILL HOSKINS | Board Member | - | $0 | - | - |
| JOE ANDERSON | Board Member | - | $0 | - | - |
| JAY BUCHHOLZ | Board 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
- Jesse Fonkert
- Title
- Executive Director
- Phone
- 6053390103
- Signed
- 2020-12-28
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 contract fees:advertising & m 20,212 contract fees:travel and ente 2,076 contract fees:meetings 2,439 contract labor 46,297 contract fees:professiona 790 contract fees:computers, 130 contract fees:consulting 2,207 contract fees:insurance 2,082 contract fees:supplies & 3,274 contract fees:general exp 1,120 contract fees:staff suppo 8,714 golf event 3,471 insurance expense 287 future fund campaign expe 268 total 93,367”
Form 990-ez, Part II, Line 24
“Accounts receivable 987 1,200 due from lceda 0 8,470 equipment 596 0 less accumulated depreciation 596 0 total 987 9,670”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 18,759 8,202 first national bank cc 0 1,050”
Raw XML Appendix141 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | DENNIS OLSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6055826515 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 95 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BRANDON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | SD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 57005 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 220196 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 223783 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 3185 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 21777 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 7058 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 221183 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 233453 |
| IRS990EZ/GrossReceiptsAmt | 0 | 124873 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1038 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 120650 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 202424 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 224201 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 202424 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 224201 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2671 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 9 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 10 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 11 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 12 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 10 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 11 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 12 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JESSE FONKERT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MIKE WENDLAND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DENNIS OLSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RICK LEHMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MARV WIEMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | TERESA SIDEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | DEAN KARSKY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | DON JOHNSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | ERIC KROUSE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | CHAD RONSHAUGEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 10 | BILL HOSKINS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 11 | JOE ANDERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 12 | JAY BUCHHOLZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECR./TREAS. |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 987 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 9670 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 93367 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | ECONOMIC DEVELOPMENT |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | FURTHERANCE OF ECONOMIC DEVELOPMENT OF MINNEHAHA COUNTY, SD. THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF MINNEHAHA COUNTY, SD. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 96038 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 18759 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 9252 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 103096 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 96038 |
| IRS990EZ/TotalRevenueAmt | 0 | 124873 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | SIOUXFALLSDEVELOPMENT.COM/MCEDA.CFM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES CONTRACT FEES:ADVERTISING & M 20,212 CONTRACT FEES:TRAVEL AND ENTE 2,076 CONTRACT FEES:MEETINGS 2,439 CONTRACT LABOR 46,297 CONTRACT FEES:PROFESSIONA 790 CONTRACT FEES:COMPUTERS, 130 CONTRACT FEES:CONSULTING 2,207 CONTRACT FEES:INSURANCE 2,082 CONTRACT FEES:SUPPLIES & 3,274 CONTRACT FEES:GENERAL EXP 1,120 CONTRACT FEES:STAFF SUPPO 8,714 GOLF EVENT 3,471 INSURANCE EXPENSE 287 FUTURE FUND CAMPAIGN EXPE 268 TOTAL 93,367 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 987 1,200 DUE FROM LCEDA 0 8,470 EQUIPMENT 596 0 LESS ACCUMULATED DEPRECIATION 596 0 TOTAL 987 9,670 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 18,759 8,202 FIRST NATIONAL BANK CC 0 1,050 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JESSE FONKERT |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6053390103 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-12-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MINNEHAHA COUNTY ECONOMIC |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | DEVELOPMENT ASSOCIATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MINN |
| ReturnHeader/Filer/EIN | 0 | 460416280 |
| ReturnHeader/Filer/PhoneNum | 0 | 6053390103 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 907 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SIOUX FALLS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | SD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 57101 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 460398923 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WOLTMAN GROUP PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7001 S LYNCREST PLACE SUITE 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SIOUX FALLS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | SD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 571082599 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6053611200 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-12-28 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SHAWN Q BLOM |
| ReturnHeader/ReturnTs | 0 | 2021-01-28T09:09:38-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-09-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $233,453
- Liabilities
- $9,252
- Net assets
- $224,201
- Revenue
- $124,873
- Expenses
- $103,096
- Net income
- $21,777