Civic Intelligence

Leech Lake Financial Services Inc.

990EZ • Fiscal year 2014 • EIN 46-2579700

Sep 11, 2014 to Dec 31, 2014 • Filed on May 11, 2015

Organization ProfileN/A
PO Box 848Cass Lake, MN 56633

(218) 339-3940

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.25x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

0.72x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

52nd percentile

4.0%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets83rd percentile

Assets

$237,198

No earlier filing loaded for comparison.

Net Assets

$177,721

No earlier filing loaded for comparison.

Liabilities

$59,477

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin52nd percentile

Revenue

$82,115

No earlier filing loaded for comparison.

Expenses

$78,808

No earlier filing loaded for comparison.

Net Income

$3,307

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $237,198Liabilities 2014: $59,477Net Assets 2014: $177,7212014Assets 2015: $728,151Liabilities 2015: $70,290Net Assets 2015: $657,8612015Assets 2016: $790,325Liabilities 2016: $184,777Net Assets 2016: $605,5482016Assets 2017: $648,306Liabilities 2017: $179,710Net Assets 2017: $468,5962017Assets 2018: $846,645Liabilities 2018: $332,012Net Assets 2018: $514,6332018Assets 2019: $862,551Liabilities 2019: $490,044Net Assets 2019: $372,5072019Assets 2020: $1,036,593Liabilities 2020: $480,860Net Assets 2020: $555,7332020Assets 2021: $1,315,355Liabilities 2021: $642,466Net Assets 2021: $672,8892021Assets 2022: $1,772,149Liabilities 2022: $1,096,085Net Assets 2022: $676,0642022Assets 2023: $1,732,951Liabilities 2023: $1,145,499Net Assets 2023: $587,4522023

Highlighted filing

2014

Assets$237,198
Liabilities$59,477
Net Assets$177,721
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2014: $82,115Expenses 2014: $78,808Net Income 2014: $3,3072014Revenue 2015: $834,429Expenses 2015: $355,607Net Income 2015: $478,8222015Revenue 2016: $377,083Expenses 2016: $431,024Net Income 2016: -$53,9412016Revenue 2017: $314,433Expenses 2017: $451,936Net Income 2017: -$137,5032017Revenue 2018: $474,371Expenses 2018: $427,632Net Income 2018: $46,7392018Revenue 2019: $270,357Expenses 2019: $412,483Net Income 2019: -$142,1262019Revenue 2020: $512,951Expenses 2020: $329,725Net Income 2020: $183,2262020Revenue 2021: $593,731Expenses 2021: $476,575Net Income 2021: $117,1562021Revenue 2022: $704,238Expenses 2022: $701,063Net Income 2022: $3,1752022Revenue 2023: $789,469Expenses 2023: $878,081Net Income 2023: -$88,6122023

Highlighted filing

2014

Revenue$82,115
Expenses$78,808
Net Income$3,307
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 11, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$82,115
Mission and Program Overview

Mission

To promote economic development by providing safe, affordable loans and financial training.

To promote community economic development by providing safe, affordable loans and financial training

Program Services

DescriptionGrantsExpenses
THE CREDIT BUILDER LOAN PROGRAM PROVIDED 514 LOANS TO THOSE WHO NORMALLY WOULDN'T QUALIFY FOR A CONVENTIONAL UNSECURED LOAN. THE SMALL BUSINESS LOAN FUND PROVIDED 4 COMMERCIAL LOANS TO SMALL BUSINESSES TO PROMOTE COMMUNITY ECONOMIC GROWTH. CREDIT BUILDING ON THE REZ TRAINED 81, FINANCIAL SKILLS FOR FAMILIES TRAINED 46, BUSINESS TRAINING 101 TRAINED 2.-$40,484
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BENAY FAIRBANKSChair-$0--
LAURA VEDDERVice Chair-$0--
SHANNON AVERYSecretary-$0--
BREANNA MIETTINENTreasurer-$0--
TERRY MATSONDirector-$0--
KYLE ERICKSONDirector-$0--
SARAH KUESELDirector-$0--
JOHN ROBINSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Leech Lake Financial Services Inc
EIN
46-2579700
Phone
2183393940
Address
PO BOX 848, CASS LAKE, MN 56633

Signing Officer

Name
Benay Fairbanks
Title
Chair
Phone
2183393940
Signed
2015-05-11
Discuss with paid preparer
Yes

Preparer

Firm
Overmoe & Nelson Ltd
Address
200 1ST AVE N STE 20, GRAND FORKS, ND 58203
Preparer
Michelle K Solsten CPA
Phone
2184351988
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Fees 162. Operations 4961. Memberships 258. Interest 51. Community trainings and meetings 483. Travel and meetings 3055.”

Form 990EZ, Part I, Line 20

“Equity transferred in from leech lake tribe 174414. Financial services was originally owned by the tribe and all bank balances, loan balances, and payables were transferred into the new corporation”

Form 990EZ, Part II, Line 24

“LOANS RECEIVABLE 228585.”

Form 990EZ, Part II, Line 26

“Due to gaming 49000. Payroll liabilities 5739. Benefits payable 4738.”

Raw XML Appendix143 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CASS LAKE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BENAY FAIRBANKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LAURA VEDDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SHANNON AVERY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BREANNA MIETTINEN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KYLE ERICKSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JOHN ROBINSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0228585
IRS990EZ/OtherChangesInNetAssetsAmt0174414
IRS990EZ/OtherExpensesTotalAmt08970
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE COMMUNITY ECONOMIC DEVELOPMENT BY PROVIDING SAFE, AFFORDABLE LOANS AND FINANCIAL TRAINING
IRS990EZ/ProgramServiceRevenueAmt07194
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE CREDIT BUILDER LOAN PROGRAM PROVIDED 514 LOANS TO THOSE WHO NORMALLY WOULDN'T QUALIFY FOR A CONVENTIONAL UNSECURED LOAN. THE SMALL BUSINESS LOAN FUND PROVIDED 4 COMMERCIAL LOANS TO SMALL BUSINESSES TO PROMOTE COMMUNITY ECONOMIC GROWTH. CREDIT BUILDING ON THE REZ TRAINED 81, FINANCIAL SKILLS FOR FAMILIES TRAINED 46, BUSINESS TRAINING 101 TRAINED 2.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt040484
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt064889
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt059477
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt078808
IRS990EZ/TotalProgramServiceExpensesAmt040484
IRS990EZ/TotalRevenueAmt082115
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FEES 162. OPERATIONS 4961. MEMBERSHIPS 258. INTEREST 51. COMMUNITY TRAININGS AND MEETINGS 483. TRAVEL AND MEETINGS 3055.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EQUITY TRANSFERRED IN FROM LEECH LAKE TRIBE 174414. FINANCIAL SERVICES WAS ORIGINALLY OWNED BY THE TRIBE AND ALL BANK BALANCES, LOAN BALANCES, AND PAYABLES WERE TRANSFERRED INTO THE NEW CORPORATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LOANS RECEIVABLE 228585.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUE TO GAMING 49000. PAYROLL LIABILITIES 5739. BENEFITS PAYABLE 4738.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02016-03-07 17:11:31Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum02183393940
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEECH LAKE FINANCIAL SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0LEEC
ReturnHeader/Filer/EIN0462579700
ReturnHeader/Filer/PhoneNum02183393940
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 848
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056633
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 1ST AVE N STE 20
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND FORKS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd058203
ReturnHeader/PreparerPersonGrp/PhoneNum02184351988
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE K SOLSTEN CPA
ReturnHeader/ReturnTs02015-05-14T09:10:28-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-09-11
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$237,198
Liabilities
$59,477
Net assets
$177,721
Revenue
$82,115
Expenses
$78,808
Net income
$3,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.73$1.15$0.59$0.79$0.88$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.77$1.10$0.68$0.70$0.70$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.32$0.64$0.67$0.59$0.48$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.04$0.48$0.56$0.51$0.33$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.49$0.37$0.27$0.41$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.33$0.51$0.47$0.43$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.65$0.18$0.47$0.31$0.45$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.18$0.61$0.38$0.43$0.05
2015Summary only. Only limited summary data is available for this year.$0.73$0.07$0.66$0.83$0.36$0.48
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.06$0.18$0.08$0.08$0.00