Civic Intelligence

Northwood Economic Development Corp

EIN 47-4877077 • 501(c)6 • Northwood, IA

Profile

promote economic development for Northwood area

900 Central AveNorthwood, IA 50459

na

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

93rd percentile

40%

Higher net margin than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

53rd percentile

0.2%

Faster asset growth than 53% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$420,121

Up $1,468 (+0.4%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$420,121

Up $1,468 (+0.4%) from 2017

Operations
Liabilities / RevenueScore unavailableNet Margin93rd percentile

Revenue

Down

$1,487

Down $805 (-35%) from 2017

Expenses

Down

$642

Down $725 (-53%) from 2017

Net Income

Down

$845

Down $80 (-8.6%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2015: $132,293Liabilities 2015: $0Net Assets 2015: $132,2932015Assets 2016: $417,728Liabilities 2016: $0Net Assets 2016: $417,7282016Assets 2017: $418,653Liabilities 2017: $0Net Assets 2017: $418,6532017Assets 2019: $420,121Net Assets 2019: $420,1212019

Highlighted filing

2019

Assets$420,121
Liabilities-
Net Assets$420,121
Open 2019 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0Revenue 2015: $133,084Expenses 2015: $791Net Income 2015: $132,2932015Revenue 2016: $736,345Expenses 2016: $450,910Net Income 2016: $285,4352016Revenue 2017: $2,292Expenses 2017: $1,367Net Income 2017: $9252017Revenue 2019: $1,487Expenses 2019: $642Net Income 2019: $8452019

Highlighted filing

2019

Revenue$1,487
Expenses$642
Net Income$845
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$420,121
Liabilities
-
Net assets
$420,121
Revenue
$1,487
Expenses
$642
Net income
$845
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$4.20$4.20$0.01$0.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.02$0.01$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.18$0.00$4.18$7.36$4.51$2.85
2015Summary only. Only limited summary data is available for this year.$1.32$0.00$1.32$1.33$0.01$1.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 15, 2020
Return Version
2019v5.1
Gross Receipts
$1,487
Mission and Program Overview

Mission

promote economic development for Northwood area

Program Services

DescriptionGrantsExpenses
Promote Northood IA area economic development-$642
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin PetznickPresident-$0--
Aaron CarmanTreasurerPT$0--
Dan HendriksonVice President-$0--
Filing and Contact Details

Filer

Filer Name
Northwood Economic Development Corp
EIN
47-4877077
Phone
6413241023
Address
900 Central Ave, Northwood, IA 50459

Signing Officer

Name
Aaron Caraman Treasurer
Title
7152020
Phone
6413241023
Signed
2020-07-15
Discuss with paid preparer
Yes

Preparer

Firm
Greve Law Office
Address
Box 167, Northwood, IA 50459
Preparer
John H Greve Atty
Phone
6413241327
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Legal audit 59”

Form 990-EZ, Part I, Line 20, Net Assets

“accounting adjustment 70”

Form 990-EZ, Part II, Line 24, Other Assets

“Note contracts receivable for funds advanced for exconomic developmen Beginning of year 226,049, End of year 279,492”

Form 990-EZ, Part I, Section 1, Line 16

“Legal Audit 59.00”

Form 990-EZ, Part I, Section 1, Line 16

“Real Estate Tax - 413.00”

Form 990-EZ, Part I, Section 1, Line 16

“Banking expense 25”

Raw XML Appendix159 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Northwood
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0002.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2002.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Dan Hendrikson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
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IRS990EZ/OtherExpensesTotalAmt059
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Promote Northood IA area economic development
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0642
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0642
IRS990EZ/TotalProgramServiceExpensesAmt0642
IRS990EZ/TotalRevenueAmt01487
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0NA
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0498000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0449281
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0132477
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01079758
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01500
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0607
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06471
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01487
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0607
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06471
IRS990ScheduleA/InvestmentIncomeCYPct00.00600
IRS990ScheduleA/InvestmentIncomePYPct00.00370
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99400
IRS990ScheduleA/PublicSupportPY509Pct00.99630
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01079758
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0498000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0449281
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IRS990ScheduleA/Total509Grp/TotalAmt01079758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01487
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01338
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0499500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0450820
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0133084
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01086229
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Legal audit 59
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1accounting adjustment 70
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Note contracts receivable for funds advanced for exconomic developmen Beginning of year 226,049, End of year 279,492
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Legal Audit 59.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Real Estate Tax - 413.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Banking expense 25
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20, Net Assets
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Section 1, Line 16
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt07152020
ReturnHeader/BusinessOfficerGrp/PhoneNum06413241023
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
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ReturnHeader/Filer/EIN0474877077
ReturnHeader/Filer/PhoneNum06413241023
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:38:56
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ReturnHeader/PreparerPersonGrp/PhoneNum06413241327
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John H Greve Atty
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-07-15T02:01:14-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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