Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
990 • Fiscal year 2019 • EIN 46-0438143
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
81st percentile
Higher net margin than 81% of similar nonprofits.
Top Officer Pay
21st percentile
Higher top officer pay than 21% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
46th percentile
Faster asset growth than 46% of similar nonprofits.
Revenue Growth
17th percentile
Faster revenue growth than 17% of similar nonprofits.
Assets
Up$6,581,466
Up $127,500 (+2.0%) from 2018
Net Assets
Up$4,987,904
Up $79,870 (+1.6%) from 2018
Liabilities
Up$1,593,562
Up $47,630 (+3.1%) from 2018
Revenue
Down$330,739
Down $57,983 (-15%) from 2018
Expenses
Down$250,869
Down $115,303 (-31%) from 2018
Net Income
Up$79,870
Up $57,320 (+254%) from 2018
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 | $5,525,808 | $5,349,900 | ▼ $175,908 |
| Savings and Temporary Cash Investments | $361,914 | $646,768 | ▲ $284,854 |
| Cash and Non-Interest-Bearing Accounts | $316,207 | $331,288 | ▲ $15,081 |
| Land, Buildings, and Equipment, Net | $91,109 | $83,648 | ▼ $7,461 |
| Investments Other Securities | $26,488 | $26,449 | ▼ $39 |
| Receivables From Officers Etc | $20,464 | $16,773 | ▼ $3,691 |
| Prepaid Expenses and Deferred Charges | $2,178 | $2,534 | ▲ $356 |
| Total Assets | $6,453,966 | $6,581,466 | ▲ $127,500 |
| Other Assets Total | $109,798 | $124,106 | ▲ $14,308 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,474,063 | $1,527,984 | ▲ $53,921 |
| Other Liabilities | $39,840 | $35,763 | ▼ $4,077 |
| Accounts Payable and Accrued Expenses | $32,029 | $29,815 | ▼ $2,214 |
| Total Liabilities | $1,545,932 | $1,593,562 | ▲ $47,630 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $4,462,181 | $4,526,354 | ▲ $64,173 |
| Net Assets With Donor Restrictions | $445,853 | $461,550 | ▲ $15,697 |
| Total Net Assets Fund Balance | $4,908,034 | $4,987,904 | ▲ $79,870 |
| Total Liabilities and Net Assets / Fund Balance | $6,453,966 | $6,581,466 | ▲ $127,500 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $14,647 | $40,893 | $55,540 |
| Buildings | $47,878 | $4,526 | $52,404 |
| Leasehold Improvements | $20,443 | $18,450 | $38,893 |
| Land | $680 | - | $680 |
| Name | Title |
|---|---|
| Brian Hull | President |
| Dane Lambert | Director |
| John Tschetter | Director |
| Tom Martin | Director |
| Jim Hulbert | Trustee/dire |
| Josh Kogel | Trustee/dire |
| Gary Deckert | Secretary/tr |
| Leanne Bawek | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $130,153 |
| Salaries, Compensation, and Employee Benefits | $120,716 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $46,266 | $17,992 | - | $64,258 |
| All Other Expenses | $26,272 | $3,452 | - | $29,724 |
| Other Employee Benefits | $17,741 | $6,899 | - | $24,640 |
| Comp Disqual Persons | $17,559 | $6,829 | - | $24,388 |
| Fees for Services Accounting | $8,346 | $3,246 | - | $11,592 |
| Other Expenses | $5,491 | $7,576 | - | $7,576 |
| Office Expenses | $4,338 | $1,687 | - | $6,025 |
| Fees for Services Legal | $4,326 | $1,682 | - | $6,008 |
| Depreciation Depletion | $5,557 | - | - | $5,557 |
| Occupancy | $3,880 | $1,509 | - | $5,389 |
| Payroll Taxes | $3,498 | $1,361 | - | $4,859 |
| Insurance | - | $4,774 | - | $4,774 |
| Travel | $3,074 | $1,195 | - | $4,269 |
| Conferences and Meetings | $2,100 | $816 | - | $2,916 |
| Pension Plan Contributions | $1,851 | $720 | - | $2,571 |
| Advertising | $1,845 | $718 | - | $2,563 |
| Total Functional Expenses | $188,277 | $62,592 | $0 | $250,869 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $20,464 | $16,773 | ▼ $3,691 |
| Liability | Amount |
|---|---|
| Cash Bal. Held on Behalf of Others | $35,763 |
“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.”
“Change prov for loan loss 6,543 0 0 usda interest expense 4,698 0 0 grants 4,070 0 0 telephone 2,648 1,030 0 miscellaneous 2,143 834 0 equipment 1,440 560 0 consultant 1,080 420 0 loan fee amortization 1,302 0 0 repairs 672 262 0 community development 786 0 0 postage and shipping 518 201 0 vehicle expenses 372 145 0 total 26,272 3,452 0”
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 | 32029 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 29815 |
| 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 | 718 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 1845 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 2563 |
| IRS990/AllOtherContributionsAmt | 0 | 5500 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 3452 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 26272 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 29724 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | BRIAN HULL |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6056356165 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 139 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | TULARE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | SD |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 57476 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 316207 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 331288 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt | 0 | 6829 |
| IRS990/CompDisqualPersonsGrp/ProgramServicesAmt | 0 | 17559 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 24388 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 816 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 2100 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 2916 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 5500 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | -39 |
| IRS990/CYOtherExpensesAmt | 0 | 130153 |
| IRS990/CYOtherRevenueAmt | 0 | 4294 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 320984 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 79870 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 120716 |
| IRS990/CYTotalExpensesAmt | 0 | 250869 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 330739 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 5557 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 5557 |
| IRS990/Desc | 0 | RURAL AND ECONOMIC DEVELOPMENT |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 445853 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 461550 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 3 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 188277 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 3246 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 8346 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 11592 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1682 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 4326 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6008 |
| 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/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/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | 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/PersonNm | 0 | LEANNE BAWEK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JIM HULBERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JOSH KOGEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DANE LAMBERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | TOM MARTIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JOHN TSCHETTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | GARY DECKERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | BRIAN HULL |
| 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/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/TitleTxt | 0 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TRUSTEE/DIRE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TRUSTEE/DIRE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | SECRETARY/TR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1995 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 332645 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 6200 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4774 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4774 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | -40 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | -39 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 26488 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 26449 |
| IRS990/IRPDocumentCnt | 0 | 98 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 63869 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 91109 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 83648 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 147517 |
| IRS990/LegalDomicileStateCd | 0 | SD |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 1906 |
| 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 | 1474063 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 1527984 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4908034 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4987904 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4294 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 4294 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 4462181 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 4526354 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 1509 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 3880 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 5389 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1687 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 4338 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 6025 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 109798 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 124106 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 6899 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 17741 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 24640 |
| IRS990/OtherExpensesGrp/Desc | 0 | DAKOTA RESOURCES INTEREST |
| IRS990/OtherExpensesGrp/Desc | 1 | REED INTEREST EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 2 | FEES |
| IRS990/OtherExpensesGrp/Desc | 3 | OTHER REAL ESTATE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2136 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 7576 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 27750 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 8383 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 5491 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 27750 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 8383 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 7627 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7576 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 39840 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 35763 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 17992 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 46266 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 64258 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 5525808 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 5349900 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1361 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 3498 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 4859 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 720 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 1851 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 2571 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2178 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2534 |
| IRS990/PrincipalOfficerNm | 0 | BRIAN HULL |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST FROM LOAN |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | MISCELLANEOUS INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | MANAGEMENT FEE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 295832 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 16287 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 8865 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 295832 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 16287 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 8865 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | -4786 |
| IRS990/PYOtherExpensesAmt | 0 | 205664 |
| IRS990/PYOtherRevenueAmt | 0 | 5714 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 318818 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 22550 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 160508 |
| IRS990/PYTotalExpensesAmt | 0 | 366172 |
| IRS990/PYTotalRevenueAmt | 0 | 388722 |
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| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
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| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 16773 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 79870 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 4294 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
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| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 646768 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 5500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 68976 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 20616 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 387827 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 482919 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 949912 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 68976 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 20616 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 387827 |
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| IRS990/ScheduleBRequiredInd | 0 | false |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 4526 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 52404 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 14647 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 40893 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 55540 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 680 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 680 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CASH BAL. HELD ON BEHALF OF OTHERS |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 83648 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 35763 |
| IRS990/ScheduleJRequiredInd | 0 | false |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | HOME MORTGAGE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 47000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | JOHN TSCHETTER - HOME MORTGAGE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | DIRECTOR |
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| 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/ExplanationTxt | 5 | CHANGE PROV FOR LOAN LOSS 6,543 0 0 USDA INTEREST EXPENSE 4,698 0 0 GRANTS 4,070 0 0 TELEPHONE 2,648 1,030 0 MISCELLANEOUS 2,143 834 0 EQUIPMENT 1,440 560 0 CONSULTANT 1,080 420 0 LOAN FEE AMORTIZATION 1,302 0 0 REPAIRS 672 262 0 COMMUNITY DEVELOPMENT 786 0 0 POSTAGE AND SHIPPING 518 201 0 VEHICLE EXPENSES 372 145 0 TOTAL 26,272 3,452 0 |
| 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 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 24E |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
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| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 6581466 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 6581466 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 5500 |
| IRS990/TotalEmployeeCnt | 0 | 3 |
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| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 62592 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 188277 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 250869 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1545932 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1593562 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1545932 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1593562 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 4987904 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 320984 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 1 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 325238 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 6581466 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 1195 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 3074 |
| IRS990/TravelGrp/TotalAmt | 0 | 4269 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| 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 | 8 |
| IRS990/VotingMembersIndependentCnt | 0 | 8 |
| IRS990/WebsiteAddressTxt | 0 | WWW.BASEC.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
| 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 | 2020-11-16 |
| 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 45 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DOLAND |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | SD |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.