Civic Intelligence

Itc Rural Economic Development Inc

EIN 75-3002561 • 501(c)3 • Clear Lake, SD

Profile

Intent - to provide low interest loans to businesses and communities for the purpose of adding value, employment, and rural community opportunities. Proposals may include healthcare, environmental, educational, and safety-related projects.

PO Box 920Clear Lake, SD 57226

www.itc-web.com

Siviq Scores

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

Liabilities / Assets

59th percentile

0.13x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

4.17x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$0

Higher top officer pay than 59% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

37th percentile

-0.3%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

7.6%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$1,272,615

Down $3,490 (-0.3%) from 2023

Liabilities

Down

$161,395

Down $30,100 (-16%) from 2023

Net Assets

Up

$1,111,220

Up $26,610 (+2.5%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin94th percentile

Revenue

Up

$38,691

Up $2,719 (+7.6%) from 2023

Expenses

Up

$12,081

Up $1,408 (+13%) from 2023

Net Income

Up

$26,610

Up $1,311 (+5.2%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,376,177Liabilities 2010: $556,722Net Assets 2010: $819,4552010Assets 2011: $1,375,574Liabilities 2011: $530,274Net Assets 2011: $845,3002011Assets 2012: $1,364,289Liabilities 2012: $503,562Net Assets 2012: $860,7272012Assets 2013: $1,346,539Liabilities 2013: $476,583Net Assets 2013: $869,9562013Assets 2014: $1,356,495Liabilities 2014: $449,333Net Assets 2014: $907,1622014Assets 2015: $1,339,946Liabilities 2015: $421,811Net Assets 2015: $918,1352015Assets 2016: $1,339,073Liabilities 2016: $394,014Net Assets 2016: $945,0592016Assets 2017: $1,344,465Liabilities 2017: $365,940Net Assets 2017: $978,5252017Assets 2018: $1,359,080Liabilities 2018: $337,408Net Assets 2018: $1,021,6722018Assets 2019: $1,292,926Liabilities 2019: $308,945Net Assets 2019: $983,9812019Assets 2020: $1,228,377Liabilities 2020: $280,019Net Assets 2020: $948,3582020Assets 2021: $1,210,122Liabilities 2021: $250,804Net Assets 2021: $959,3182021Assets 2022: $1,281,995Liabilities 2022: $222,684Net Assets 2022: $1,059,3112022Assets 2023: $1,276,105Liabilities 2023: $191,495Net Assets 2023: $1,084,6102023Assets 2024: $1,272,615Liabilities 2024: $161,395Net Assets 2024: $1,111,2202024

Highlighted filing

2024

Assets$1,272,615
Liabilities$161,395
Net Assets$1,111,220
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $12,0092010Expenses 2011: $12,3232011Expenses 2012: $12,2262012Revenue 2013: $20,835Expenses 2013: $11,606Net Income 2013: $9,2292013Revenue 2014: $49,072Expenses 2014: $11,866Net Income 2014: $37,2062014Revenue 2015: $22,137Expenses 2015: $11,164Net Income 2015: $10,9732015Revenue 2016: $40,708Expenses 2016: $13,784Net Income 2016: $26,9242016Revenue 2017: $44,632Expenses 2017: $11,166Net Income 2017: $33,4662017Revenue 2018: $53,545Expenses 2018: $10,398Net Income 2018: $43,1472018Revenue 2019: $36,138Expenses 2019: $73,829Net Income 2019: -$37,6912019Revenue 2020: $29,831Expenses 2020: $65,454Net Income 2020: -$35,6232020Revenue 2021: $21,697Expenses 2021: $10,737Net Income 2021: $10,9602021Revenue 2022: $113,014Expenses 2022: $13,021Net Income 2022: $99,9932022Revenue 2023: $35,972Expenses 2023: $10,673Net Income 2023: $25,2992023Revenue 2024: $38,691Expenses 2024: $12,081Net Income 2024: $26,6102024

Highlighted filing

2024

Revenue$38,691
Expenses$12,081
Net Income$26,610
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,272,615
Liabilities
$161,395
Net assets
$1,111,220
Revenue
$38,691
Expenses
$12,081
Net income
$26,610
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.16$1.11$0.04$0.01$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.19$1.08$0.04$0.01$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.22$1.06$0.11$0.01$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.25$0.96$0.02$0.01$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.28$0.95$0.03$0.07$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.31$0.98$0.04$0.07$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.34$1.02$0.05$0.01$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.37$0.98$0.04$0.01$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.39$0.95$0.04$0.01$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.42$0.92$0.02$0.01$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.45$0.91$0.05$0.01$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.35$0.48$0.87$0.02$0.01$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.50$0.86$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.53$0.85$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.56$0.82$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 25, 2025
Return Version
2024v5.2
Gross Receipts
$38,691
Mission and Program Overview

Mission

Intent - to provide low interest loans to businesses and communities for the purpose of adding value, employment, and rural community opportunities. Proposals may include healthcare, environmental, educational, and safety-related projects.

Provide low interest loans to enhance vitality of rural communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$996,132$960,633▼ $35,499
Investments Program Related$279,973$311,982▲ $32,009
Total Assets$1,276,105$1,272,615▼ $3,490
Liabilities
Mortgage Notes Payable Secured by Investment Property$190,436$160,502▼ $29,934
Accounts Payable and Accrued Expenses$1,059$893▼ $166
Total Liabilities$191,495$161,395▼ $30,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$754,610$781,220▲ $26,610
Net Assets With Donor Restrictions$330,000$330,000→ $0
Total Net Assets Fund Balance$1,084,610$1,111,220▲ $26,610
Total Liabilities and Net Assets / Fund Balance$1,276,105$1,272,615▼ $3,490

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$311,982--
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
Susan RobbinsPresident
G Todd GarryVice President
Connie SawinskyDirector
Warren BrandleeSecretary
Joel BrandtTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,762
Investment Income
$19,929
Other Revenue
$0
Change in Net Assets
$26,610

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,691
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,292
Total Revenue per Audited Statements
$42,983
Total Revenue per Form 990
$38,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,081
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
Fees for Services Accounting-$10,343-$10,343
Interest$1,738--$1,738
Total Functional Expenses$1,738$10,343$0$12,081

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,373
Expenses per Audited Statements$12,081
Total Expenses per Form 990$12,081
Expenses Not Reported on Form 990$4,292
Expenses Not Reported on Financial Statements$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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The board members have a business relationship in that they are all board members of the parent organization (interstate telecommunications cooperative, inc).”

Form 990, Part VI, Section A, Line 8B

“The organization does not have committees.”

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

“The ceo/cfo of the parent organization will review the form 990 in detail. After their review, the return will be given to the board of directors for their review.”

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

“Itc has a policy that covers the employees and the board of directors. If a conflict exists, it is determined at management or board level. The board reviews any conflicts. If there is a conflict, a loan is not made.”

Form 990, Part VI, Section B, Line 15

“No compensation is paid by this organization. It is run by volunteer board members who also serve on the board of directors of the parent organization.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Itc Rural Economic Development Inc
EIN
75-3002561
Phone
6058742181
Address
PO BOX 920, CLEAR LAKE, SD 57226

Signing Officer

Name
Susan Robbins
Title
President
Phone
6058742181
Signed
2025-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Robbins
Formed
2001
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
8

Preparer

Firm
Eide Bailly Llp
Address
345 N REID PL STE 400, SIOUX FALLS, SD 57103-7034
Preparer
Laurie Hanson CPA
Phone
6053391999
Supplemental Narrative

Additional Explanations

ADDITIONAL INFORMATION:

“The itc rural economic development inc loan information can be accessed on the web at www.itc-web.com. - click on "about - itc impact" - click on "redi loan fund program"”

Financial Statement Notes

PART X, LINE 2:

“The organization believes that 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 and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML AppendixShowing 400 of 404 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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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01059
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0893
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum06058748351
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 920
IRS990/BooksInCareOfDetail/USAddress/CityNm0CLEAR LAKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057226
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt019929
IRS990/CYOtherExpensesAmt012081
IRS990/CYOtherRevenueAmt00
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IRS990/CYRevenuesLessExpensesAmt026610
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt038691
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0ITC REDI HAD LOANS RECEIVABLE FROM A TOTAL OF 8 COMPANIES/INDIVIDUALS AS OF DECEMBER 31, 2024, INCLUDING 2 LOANS THAT WERE GRANTED DURING 2024. THE LOANS ARE FOR ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES AND TELECOMMUNICATIONS FOR RURAL DEVELOPMENT, JOB CREATION, AND IMPROVING RURAL INFRASTRUCTURE.
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IRS990/ExpenseAmt01738
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IRS990/FeesForServicesAccountingGrp/TotalAmt010343
IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0SUSAN ROBBINS
IRS990/Form990PartVIISectionAGrp/PersonNm1G TODD GARRY
IRS990/Form990PartVIISectionAGrp/PersonNm2WARREN BRANDLEE
IRS990/Form990PartVIISectionAGrp/PersonNm3JOEL BRANDT
IRS990/Form990PartVIISectionAGrp/PersonNm4CONNIE SAWINSKY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt019278
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04732
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0834
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02021
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt046794
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt018762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt016694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt065071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt020863
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt027810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0149200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt019278
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04732
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0834
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt046794
IRS990ScheduleA/InvestmentIncomeCYPct00.19560
IRS990ScheduleA/InvestmentIncomePYPct00.14530
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.60140
IRS990ScheduleA/PublicSupportPY509Pct00.64490
IRS990ScheduleA/PublicSupportTotal509Amt0143848
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0418
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt045131
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt02014
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt048563
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0418
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt01920
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt02014
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt05352
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt018762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt016694
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0108282
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt020863
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt027810
IRS990ScheduleA/Total509Grp/TotalAmt0192411
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt038691
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt035972
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0113014
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt021697
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt029831
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0239205
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04292
IRS990ScheduleD/DonatedServicesUseFcltsAmt04292
IRS990ScheduleD/ExpensesNotReportedAmt04292
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012081
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0311982
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0EXEMPT-PURPOSE NOTES RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt04292
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt038691
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION BELIEVES THAT 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 AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt0311982
IRS990ScheduleD/TotalExpensesPerForm990Amt012081
IRS990ScheduleD/TotalRevenuePerForm990Amt038691
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt042983
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016373
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMBERS HAVE A BUSINESS RELATIONSHIP IN THAT THEY ARE ALL BOARD MEMBERS OF THE PARENT ORGANIZATION (INTERSTATE TELECOMMUNICATIONS COOPERATIVE, INC).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO/CFO OF THE PARENT ORGANIZATION WILL REVIEW THE FORM 990 IN DETAIL. AFTER THEIR REVIEW, THE RETURN WILL BE GIVEN TO THE BOARD OF DIRECTORS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ITC HAS A POLICY THAT COVERS THE EMPLOYEES AND THE BOARD OF DIRECTORS. IF A CONFLICT EXISTS, IT IS DETERMINED AT MANAGEMENT OR BOARD LEVEL. THE BOARD REVIEWS ANY CONFLICTS. IF THERE IS A CONFLICT, A LOAN IS NOT MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO COMPENSATION IS PAID BY THIS ORGANIZATION. IT IS RUN BY VOLUNTEER BOARD MEMBERS WHO ALSO SERVE ON THE BOARD OF DIRECTORS OF THE PARENT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ITC RURAL ECONOMIC DEVELOPMENT INC LOAN INFORMATION CAN BE ACCESSED ON THE WEB AT WWW.ITC-WEB.COM. - CLICK ON "ABOUT - ITC IMPACT" - CLICK ON "REDI LOAN FUND PROGRAM"
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6ADDITIONAL INFORMATION:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0460398588
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0SD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0COMMUNICATIONS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0INTERSTATE TELECOMMUNICATIONS COOPERATIVE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO BOX 920
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CLEAR LAKE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0SD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd057226
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01276105
IRS990/TotalAssetsEOYAmt01272615
IRS990/TotalAssetsGrp/BOYAmt01276105
IRS990/TotalAssetsGrp/EOYAmt01272615
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010343
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01738
IRS990/TotalFunctionalExpensesGrp/TotalAmt012081
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0191495
IRS990/TotalLiabilitiesEOYAmt0161395
IRS990/TotalLiabilitiesGrp/BOYAmt0191495
IRS990/TotalLiabilitiesGrp/EOYAmt0161395
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01084610
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01111220
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01738
IRS990/TotalProgramServiceRevenueAmt018762
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt019929
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt038691
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01276105
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01272615
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 920
IRS990/USAddress/CityNm0CLEAR LAKE
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057226
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.ITC-WEB.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN ROBBINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06058742181
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ITC RURAL ECONOMIC DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0ITCR
ReturnHeader/Filer/EIN0753002561
ReturnHeader/Filer/PhoneNum06058742181
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 920
ReturnHeader/Filer/USAddress/CityNm0CLEAR LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057226
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0345 N REID PL STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0571037034
ReturnHeader/PreparerPersonGrp/PhoneNum06053391999
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURIE HANSON CPA
ReturnHeader/ReturnTs02025-07-08T08:58:21-05:00

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