Liabilities / Assets
49th percentile
Higher debt load relative to assets than 49% of similar nonprofits.
990 • Fiscal year 2015 • EIN 46-0438143
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
49th percentile
Higher debt load relative to assets than 49% of similar nonprofits.
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
5th percentile
Higher net margin than 5% of similar nonprofits.
Top Officer Pay
30th percentile
Higher top officer pay than 30% of similar nonprofits.
Top officer pay equals 30.5% of source-year revenue.
Asset Growth
28th percentile
Faster asset growth than 28% of similar nonprofits.
Revenue Growth
40th percentile
Faster revenue growth than 40% of similar nonprofits.
Assets
Down$5,475,185
Down $179,962 (-3.2%) from 2014
Net Assets
Down$4,555,804
Down $146,392 (-3.1%) from 2014
Liabilities
Down$919,381
Down $33,570 (-3.5%) from 2014
Revenue
Up$254,420
Up $1,379 (+0.5%) from 2014
Expenses
Up$400,812
Up $146,791 (+58%) from 2014
Net Income
Down-$146,392
Down $145,412 (-14838%) from 2014
Rural economic & community development - basec was formed to accept public and private funds to raise the economic welfare, educational levels, and social levels of residents in the basec area. The primary operation is to utilize a broad range of programs and initiatives to promote revitalization of the area under the program areas of business development, farm income development, housing development, and housing preservation. Basec maintains a revolving loan fund funded through grant and loan programs.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $4,132,149 | $4,268,741 | ▲ $136,592 |
| Cash and Non-Interest-Bearing Accounts | $1,350,211 | $993,199 | ▼ $357,012 |
| Land, Buildings, and Equipment, Net | $40,108 | $57,298 | ▲ $17,190 |
| Investments Other Securities | $39,667 | $39,761 | ▲ $94 |
| Receivables From Officers Etc | $43,547 | $34,911 | ▼ $8,636 |
| Prepaid Expenses and Deferred Charges | $2,105 | $5,107 | ▲ $3,002 |
| Total Assets | $5,655,147 | $5,475,185 | ▼ $179,962 |
| Other Assets Total | $47,360 | $76,168 | ▲ $28,808 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $936,959 | $898,879 | ▼ $38,080 |
| Accounts Payable and Accrued Expenses | $15,992 | $20,502 | ▲ $4,510 |
| Total Liabilities | $952,951 | $919,381 | ▼ $33,570 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $4,268,359 | $4,115,222 | ▼ $153,137 |
| Temporarily Rstr Net Assets | $433,837 | $440,582 | ▲ $6,745 |
| Total Net Assets Fund Balance | $4,702,196 | $4,555,804 | ▼ $146,392 |
| Total Liabilities and Net Assets / Fund Balance | $5,655,147 | $5,475,185 | ▼ $179,962 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $26,089 | $46,601 | $72,690 |
| Leasehold Improvements | $31,209 | $8,390 | $39,599 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Margot Gillette | Executive Di | FT | $66,625 | $10,847 | $77,472 |
| Name | Title |
|---|---|
| Brian Hull | President |
| Chad Dubro | Director |
| Dane Lambert | Director |
| John Tschetter | Director |
| Leanne Bawek | Director |
| Lisa Gogolin | Director |
| Tom Martin | Director |
| Gary Deckert | Secretary/tr |
| Kirby Page | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $266,550 |
| Salaries, Compensation, and Employee Benefits | $134,262 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $47,970 | $18,655 | - | $66,625 |
| Other Salaries and Wages | $32,764 | $12,741 | - | $45,505 |
| All Other Expenses | $16,732 | $7,582 | - | $24,314 |
| Other Employee Benefits | $8,484 | $3,299 | - | $11,783 |
| Advertising | $5,264 | $2,047 | - | $7,311 |
| Payroll Taxes | $5,216 | $2,029 | - | $7,245 |
| Fees for Services Accounting | $4,904 | $1,907 | - | $6,811 |
| Depreciation Depletion | $4,643 | $1,809 | - | $6,452 |
| Insurance | - | $6,407 | - | $6,407 |
| Travel | $4,373 | $1,701 | - | $6,074 |
| Office Expenses | $4,003 | $1,557 | - | $5,560 |
| Other Expenses | $3,534 | $1,374 | - | $4,908 |
| Conferences and Meetings | $2,882 | $1,121 | - | $4,003 |
| Pension Plan Contributions | $2,235 | $869 | - | $3,104 |
| Occupancy | $2,021 | $786 | - | $2,807 |
| Fees for Services Legal | $141 | $55 | - | $196 |
| Total Functional Expenses | $336,873 | $63,939 | $0 | $400,812 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $43,547 | $34,911 | ▼ $8,636 |
“The president of the board of directors reviews form 990 before it is signed and filed.”
“All board members and employees are required to report any conflicts of in terest if they were to occur. The executive director and board members kee p tabs on any possible areas where conflicts of interest could arise.”
“A committee of the board of directors review the compensation for executiv e director and provide a recommendation, based upon the south dakota depar tment of labor wage comparability study, to the board of directors for app roval.”
“Our governing documents, conflict of interest policy and financial stateme nts are available for inspection by the general public upon request in our office.”
“Rural economic & community development - basec was formed to accept public and private funds to raise the economic welfare, educational levels, and social levels of residents in the basec area. The primary operation is to utilize a broad range of programs and initiatives to promote revitalization of the area under the program areas of business development, farm income development, housing development, and housing preservation. Basec maintains a revolving loan fund funded through grant and loan programs.”
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/AccountantCompileOrReviewInd | 0 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 15992 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 20502 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 2047 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 5264 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 7311 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 7582 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 16732 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 24314 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | false |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MARGOT GILLETTE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6056356165 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 405 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | DOLAND |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | SD |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 57436 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1350211 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 993199 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 18655 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 47970 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 66625 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 1121 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 2882 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4003 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 4246 |
| IRS990/CYOtherExpensesAmt | 0 | 266550 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 250174 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -146392 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 134262 |
| IRS990/CYTotalExpensesAmt | 0 | 400812 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 254420 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1809 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 4643 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 6452 |
| IRS990/Desc | 0 | RURAL AND ECONOMIC DEVELOPMENT |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 4 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 336873 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 1907 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 4904 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 6811 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 55 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 141 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 196 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 10847 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRIAN HULL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KIRBY PAGE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | GARY DECKERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CHAD DUBRO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JOHN TSCHETTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DANE LAMBERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | TOM MARTIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | LEANNE BAWEK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | LISA GOGOLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | MARGOT GILLETTE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 66625 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY/TR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | EXECUTIVE DI |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1995 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 4152 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 8052 |
| IRS990/GrossReceiptsAmt | 0 | 258320 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 6407 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 6407 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 94 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 94 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 39667 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 39761 |
| IRS990/IRPDocumentCnt | 0 | 78 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 54991 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 40108 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 57298 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 112289 |
| IRS990/LegalDomicileStateCd | 0 | SD |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 3900 |
| IRS990/LoanOutstandingInd | 0 | true |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 936959 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 898879 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4702196 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4555804 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4152 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 4152 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 786 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 2021 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 2807 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1557 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 4003 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 5560 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 47360 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 76168 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 3299 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 8484 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 11783 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 1 | DAKOTA RESOURCES INTEREST |
| IRS990/OtherExpensesGrp/Desc | 2 | GRANTS |
| IRS990/OtherExpensesGrp/Desc | 3 | TELEPHONE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1374 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 167707 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 17500 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 6500 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 3534 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 167707 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 17500 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6500 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 4908 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 12741 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 32764 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 45505 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 4132149 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 4268741 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2029 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 5216 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 7245 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 869 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 2235 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 3104 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2105 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 5107 |
| IRS990/PrincipalOfficerNm | 0 | BRIAN HULL |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST FROM LOAN |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | MISCELLANEOUS INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 237756 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 12418 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 237756 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 12418 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 2526 |
| IRS990/PYOtherExpensesAmt | 0 | 119394 |
| IRS990/PYOtherRevenueAmt | 0 | -500 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 251015 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -980 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 134627 |
| IRS990/PYTotalExpensesAmt | 0 | 254021 |
| IRS990/PYTotalRevenueAmt | 0 | 253041 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 43547 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 34911 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -146392 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 250174 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 50000 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 250174 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 50000 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 50000 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 50000 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 26089 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 46601 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 72690 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 31209 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 8390 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 39599 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 57298 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 30206 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 1 | 4705 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 1 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 1 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd | 1 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | HOME MORTGAGE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 1 | HOME ENHANCEMENT LOAN |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 47000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 1 | 15000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | JOHN TSCHETTER - HOME MORTGAGE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 1 | BRIAN HULL HELP LOAN |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | DIRECTOR |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 1 | DIRECTOR |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 1 | true |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 34911 |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE IT IS SIGNED AND FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REPORT ANY CONFLICTS OF IN TEREST IF THEY WERE TO OCCUR. THE EXECUTIVE DIRECTOR AND BOARD MEMBERS KEE P TABS ON ANY POSSIBLE AREAS WHERE CONFLICTS OF INTEREST COULD ARISE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A COMMITTEE OF THE BOARD OF DIRECTORS REVIEW THE COMPENSATION FOR EXECUTIV E DIRECTOR AND PROVIDE A RECOMMENDATION, BASED UPON THE SOUTH DAKOTA DEPAR TMENT OF LABOR WAGE COMPARABILITY STUDY, TO THE BOARD OF DIRECTORS FOR APP ROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEME NTS ARE AVAILABLE FOR INSPECTION BY THE GENERAL PUBLIC UPON REQUEST IN OUR OFFICE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 433837 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 440582 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 5655147 |
| IRS990/TotalAssetsEOYAmt | 0 | 5475185 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 5655147 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 5475185 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 4 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 63939 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 336873 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 400812 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 952951 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 919381 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 952951 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 919381 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 4702196 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 4555804 |
| IRS990/TotalOtherCompensationAmt | 0 | 10847 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 336873 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 250174 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 66625 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 94 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 254326 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 254420 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 5655147 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 5475185 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 1701 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 4373 |
| IRS990/TravelGrp/TotalAmt | 0 | 6074 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 4268359 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 4115222 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 139 |
| IRS990/USAddress/CityNm | 0 | TULARE |
| IRS990/USAddress/StateAbbreviationCd | 0 | SD |
| IRS990/USAddress/ZIPCd | 0 | 57476 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | WWW.BASEC.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRIAN HULL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6056356165 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-10-19 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BEADLE & SPINK ENTERPRISE COMMUNITY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BEAD |
| ReturnHeader/Filer/EIN | 0 | 460438143 |
| ReturnHeader/Filer/PhoneNum | 0 | 6056356165 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 405 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DOLAND |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | SD |
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Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.
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