Civic Intelligence

Rural Electric Economic Development Inc.

990 • Fiscal year 2017 • EIN 46-0445496

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 30, 2018

Organization ProfileREEDFUND.COOP
PO Box 227Madison, SD 57042

(605) 256-4536

Siviq Scores

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

Liabilities / Assets

58th percentile

0.34x

Higher debt load relative to assets than 58% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

4.72x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

96th percentile

69%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

67th percentile

9.4%

Faster asset growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

8.7%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$35,985,832

Up $3,106,088 (+9.4%) from 2016

Net Assets

Up

$23,813,836

Up $2,168,212 (+10%) from 2016

Liabilities

Up

$12,171,996

Up $937,876 (+8.3%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin96th percentile

Revenue

Up

$2,580,518

Up $205,759 (+8.7%) from 2016

Expenses

Up

$812,306

Up $224,977 (+38%) from 2016

Net Income

Down

$1,768,212

Down $19,218 (-1.1%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$60M$40M$20M$0Assets 2010: $24,346,244Liabilities 2010: $11,330,390Net Assets 2010: $13,015,8542010Assets 2011: $27,143,248Liabilities 2011: $12,342,087Net Assets 2011: $14,801,1612011Assets 2012: $25,073,730Liabilities 2012: $10,119,402Net Assets 2012: $14,954,3282012Assets 2013: $26,931,010Liabilities 2013: $10,310,045Net Assets 2013: $16,620,9652013Assets 2014: $28,195,722Liabilities 2014: $10,117,990Net Assets 2014: $18,077,7322014Assets 2015: $29,777,077Liabilities 2015: $9,918,883Net Assets 2015: $19,858,1942015Assets 2016: $32,879,744Liabilities 2016: $11,234,120Net Assets 2016: $21,645,6242016Assets 2017: $35,985,832Liabilities 2017: $12,171,996Net Assets 2017: $23,813,8362017Assets 2018: $36,256,567Liabilities 2018: $11,303,872Net Assets 2018: $24,952,6952018Assets 2019: $42,150,501Liabilities 2019: $15,898,402Net Assets 2019: $26,252,0992019Assets 2020: $43,569,158Liabilities 2020: $14,801,530Net Assets 2020: $28,767,6282020Assets 2021: $44,957,084Liabilities 2021: $14,526,665Net Assets 2021: $30,430,4192021Assets 2022: $46,728,426Liabilities 2022: $14,768,054Net Assets 2022: $31,960,3722022Assets 2023: $48,911,241Liabilities 2023: $15,520,753Net Assets 2023: $33,390,4882023Assets 2024: $54,378,901Liabilities 2024: $15,562,689Net Assets 2024: $38,816,2122024

Highlighted filing

2017

Assets$35,985,832
Liabilities$12,171,996
Net Assets$23,813,836
Open 2017 Filing

Operations Trend

Revenue Growth61st percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $1,519,0422010Expenses 2011: $749,6202011Revenue 2012: $877,505Expenses 2012: $724,338Net Income 2012: $153,1672012Revenue 2013: $2,282,177Expenses 2013: $615,540Net Income 2013: $1,666,6372013Revenue 2014: $2,057,592Expenses 2014: $600,825Net Income 2014: $1,456,7672014Revenue 2015: $2,322,253Expenses 2015: $541,791Net Income 2015: $1,780,4622015Revenue 2016: $2,374,759Expenses 2016: $587,329Net Income 2016: $1,787,4302016Revenue 2017: $2,580,518Expenses 2017: $812,306Net Income 2017: $1,768,2122017Revenue 2018: $2,097,404Expenses 2018: $958,545Net Income 2018: $1,138,8592018Revenue 2019: $2,354,510Expenses 2019: $1,055,106Net Income 2019: $1,299,4042019Revenue 2020: $3,809,917Expenses 2020: $1,341,774Net Income 2020: $2,468,1432020Revenue 2021: $2,458,763Expenses 2021: $795,972Net Income 2021: $1,662,7912021Revenue 2022: $2,362,102Expenses 2022: $832,149Net Income 2022: $1,529,9532022Revenue 2023: $2,297,564Expenses 2023: $867,448Net Income 2023: $1,430,1162023Revenue 2024: $6,325,435Expenses 2024: $899,711Net Income 2024: $5,425,7242024

Highlighted filing

2017

Revenue$2,580,518
Expenses$812,306
Net Income$1,768,212
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$2,580,518
Mission and Program Overview

Mission

To provide financing and leverage investments in communities in rural areas to make a difference in the region.

Administration of a rural economic development loan program to stimulate economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$16,543,088$21,002,572▲ $4,459,484
Savings and Temporary Cash Investments$10,911,424$8,943,196▼ $1,968,228
Pledges and Grants Receivable$4,725,275$5,331,668▲ $606,393
Investments Other Securities$663,832$668,832▲ $5,000
Investments Program Related$35,820$39,079▲ $3,259
Prepaid Expenses and Deferred Charges$305$485▲ $180
Total Assets$32,879,744$35,985,832▲ $3,106,088
Liabilities
Unsecured Notes Loans Payable$6,080,000$6,534,334▲ $454,334
Mortgage Notes Payable Secured by Investment Property$4,950,932$5,382,094▲ $431,162
Accounts Payable and Accrued Expenses$203,188$255,568▲ $52,380
Total Liabilities$11,234,120$12,171,996▲ $937,876
Net Assets / Fund Balance
Unrestricted Net Assets$13,520,578$14,792,398▲ $1,271,820
Temporarily Rstr Net Assets$4,725,276$5,331,668▲ $606,392
Permanently Rstr Net Assets$3,399,770$3,689,770▲ $290,000
Total Net Assets Fund Balance$21,645,624$23,813,836▲ $2,168,212
Total Liabilities and Net Assets / Fund Balance$32,879,744$35,985,832▲ $3,106,088
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Ken SchlimgenChairperson
Tim McintyreVice Chair
Brad SchardinDirector
Char HagarDirector
Chris LarsonDirector
Daniel WebsterDirector
Dave EideDirector
Dave PageDirector
Dick JohnsonDirector
Evan BuckmillerDirector
Joel JanorschkeDirector
Kory JohnsonDirector
Matt KleinDirector
Matthew HotzlerDirector
Rodney HaagDirector
Russell GallDirector
Scott MooreDirector
TIM O'LEARYDirector
Tim MccarthyDirector
Jay SpaansDirector Beg 02/17
Stephanie HorstDirector Beg 02/17
Ken Van ZeeDirector Until 02/17
Merlin GoehringDirector Until 02/17
Chris StuderAdministrator
Deeann NewvilleSecretary
Greg HollisterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
East River Electric Power CoopAdministrative Services211 S HARTH AVENUE, Madison, SD 57042$361,117
Revenue and Support

Revenue Composition

Contributions and Grants
$1,681,512
Program Service Revenue
$878,511
Investment Income
$20,495
Other Revenue
$0
All Other Contributions
$119,000
Change in Net Assets
$1,768,212

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,580,518
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,580,518
Total Revenue per Form 990
$2,580,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$812,306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$202,920--$202,920
Fees for Services Management-$50,702-$50,702
Fees for Services Accounting-$11,183-$11,183
Fees for Services Other$10,224--$10,224
Office Expenses$6,926$2,309-$9,235
Fees for Services Legal-$5,059-$5,059
Conferences and Meetings$3,445--$3,445
Insurance-$3,364-$3,364
Other Expenses$2,550$36,625-$2,550
All Other Expenses$1,308--$1,308
Total Functional Expenses$703,064$109,242$0$812,306

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$812,306
Total Expenses per Audited Statements$812,306
Total Expenses per Form 990$812,306
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1

“The loan committee is comprised of 7 members of the board of directors and two alternates, officers of the corporation, on a rotating basis. Each member serves a two year term. The committee is authorized to consider and approve loans and loan modifications under $350,000. Six participants are required for a quorum. Minutes of the loan committee are forwarded to the board for the record. The board may create an executive committee of five (5) or more directors, including the chairman and vice chairman, the members of which shall be established by the board of directors by resolution for such purposes as considered necessary and proper.”

Form 990, Part VI, Section A, Line 3

“In its memorandum of understanding with east river electric power cooperative, rural electric economic development (reed) lists that the chief member and public relations officer of east river electric will serve as administrator for reed. Chris studer currently serves in this role and was paid by east river electric $40,820 in compensation and $9,882 in benefits during 2017 for services provided to rural electric economic development, inc..”

Form 990, Part VI, Section A, Line 6

“Members consist of electric cooperatives. Each electric cooperative member has a seat on the board and has one vote. The seat is filled by the general manager or designee of the member cooperative.”

Form 990, Part VI, Section B, Line 11B

“Upon completion of rural electric economic development inc's 990, the return will be posted to the secure area of the web site for the directors, officers, and management's review. Any questions or concerns will be addressed and the 990 will be filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to disclose any conflict of interest in regard to any loan that is made. If any board member has a conflict, then the loan application is not issued.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Rural Electric Economic Development Inc
EIN
46-0445496
Phone
6052564536
Address
PO BOX 227, MADISON, SD 57042

Signing Officer

Name
Chris Studer
Title
Administrator
Phone
6052564536
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Schlimgen
Formed
1997
Legal Domicile
Sd
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
23

Preparer

Firm
Eide Bailly Llp
Address
200 EAST 10TH ST PO BOX 5125, SIOUX FALLS, SD 57117-5125
Preparer
Laurie Hanson
Phone
6053391999
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Revolving loan fund contributed from new member 400,000.”

Financial Statement Notes

PART X, LINE 2:

“The organization is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the organization is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The state of south dakota does not have an income tax. The organization believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if such interest and penalties are incurred.”

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IRS990/Form990PartVIISectionAGrp/PersonNm19TIM MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm20EVAN BUCKMILLER
IRS990/Form990PartVIISectionAGrp/PersonNm21KORY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm22DICK JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm23MERLIN GOEHRING
IRS990/Form990PartVIISectionAGrp/PersonNm24KEN VAN ZEE
IRS990/Form990PartVIISectionAGrp/PersonNm25CHRIS STUDER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR BEG 02/17
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR BEG 02/17
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR UNTIL 02/17
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR UNTIL 02/17
IRS990/Form990PartVIISectionAGrp/TitleTxt25ADMINISTRATOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt01562512
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02580518
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03364
IRS990/InsuranceGrp/TotalAmt03364
IRS990/InterestGrp/ProgramServicesAmt0202920
IRS990/InterestGrp/TotalAmt0202920
IRS990/InvestmentIncomeGrp/ExclusionAmt020495
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020495
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0663832
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0668832
IRS990/InvestmentsProgramRelatedGrp/BOYAmt035820
IRS990/InvestmentsProgramRelatedGrp/EOYAmt039079
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0SD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCING AND LEVERAGE INVESTMENTS IN COMMUNITIES IN RURAL AREAS TO MAKE A DIFFERENCE IN THE REGION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04950932
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05382094
IRS990/NetAssetsOrFundBalancesBOYAmt021645624
IRS990/NetAssetsOrFundBalancesEOYAmt023813836
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02309
IRS990/OfficeExpensesGrp/ProgramServicesAmt06926
IRS990/OfficeExpensesGrp/TotalAmt09235
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0400000
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE COSTS
IRS990/OtherExpensesGrp/Desc1LOAN LOSS PROVISION
IRS990/OtherExpensesGrp/Desc2SPONSORSHIPS
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036625
IRS990/OtherExpensesGrp/ProgramServicesAmt0261986
IRS990/OtherExpensesGrp/ProgramServicesAmt1204805
IRS990/OtherExpensesGrp/ProgramServicesAmt28900
IRS990/OtherExpensesGrp/ProgramServicesAmt32550
IRS990/OtherExpensesGrp/TotalAmt0298611
IRS990/OtherExpensesGrp/TotalAmt1204805
IRS990/OtherExpensesGrp/TotalAmt28900
IRS990/OtherExpensesGrp/TotalAmt32550
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt016543088
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt021002572
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03399770
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03689770
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04725275
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05331668
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0305
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0485
IRS990/PrincipalOfficerNm0KEN SCHLIMGEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN APPLICATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0796903
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181608
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0796903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181608
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01712780
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt08055
IRS990/PYInvestmentIncomeAmt022026
IRS990/PYOtherExpensesAmt0579274
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0639953
IRS990/PYRevenuesLessExpensesAmt01787430
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0587329
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02374759
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01768212
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0878511
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010911424
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08943196
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01681512
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01712780
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01574650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01327000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01564010
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07859952
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020495
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt022026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt024420
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt023458
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt026608
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0117007
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0878511

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,985,832
Liabilities
$12,171,996
Net assets
$23,813,836
Revenue
$2,580,518
Expenses
$812,306
Net income
$1,768,212
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$54.4$15.6$38.8$6.33$0.90$5.43
2023Detailed filing. Detailed filing data is available for this year.$48.9$15.5$33.4$2.30$0.87$1.43
2022Detailed filing. Detailed filing data is available for this year.$46.7$14.8$32.0$2.36$0.83$1.53
2021Detailed filing. Detailed filing data is available for this year.$45.0$14.5$30.4$2.46$0.80$1.66
2020Detailed filing. Detailed filing data is available for this year.$43.6$14.8$28.8$3.81$1.34$2.47
2019Detailed filing. Detailed filing data is available for this year.$42.2$15.9$26.3$2.35$1.06$1.30
2018Detailed filing. Detailed filing data is available for this year.$36.3$11.3$25.0$2.10$0.96$1.14
2017Detailed filing. Detailed filing data is available for this year.$36.0$12.2$23.8$2.58$0.81$1.77
2016Detailed filing. Detailed filing data is available for this year.$32.9$11.2$21.6$2.37$0.59$1.79
2015Detailed filing. Detailed filing data is available for this year.$29.8$9.92$19.9$2.32$0.54$1.78
2014Detailed filing. Detailed filing data is available for this year.$28.2$10.1$18.1$2.06$0.60$1.46
2013Detailed filing. Detailed filing data is available for this year.$26.9$10.3$16.6$2.28$0.62$1.67
2012Summary only. Only limited summary data is available for this year.$25.1$10.1$15.0$0.88$0.72$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.1$12.3$14.8$0.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$11.3$13.0$1.52