Civic Intelligence

Itc Rural Economic Development Inc.

990 • Fiscal year 2010 • EIN 75-3002561

Jan 01, 2010 to Dec 31, 2010 • Filed on Aug 04, 2011

Organization ProfileWWW.ITC-WEB.COM
PO Box 92057226
Siviq Scores

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

Liabilities / Assets

70th percentile

0.40x

Higher debt load relative to assets than 70% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

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

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets70th percentile

Assets

$1,376,177

No earlier filing loaded for comparison.

Net Assets

$819,455

No earlier filing loaded for comparison.

Liabilities

$556,722

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$12,009

No earlier filing loaded for comparison.

Net Income

-

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.

$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

2010

Assets$1,376,177
Liabilities$556,722
Net Assets$819,455
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2010

Revenue-
Expenses$12,009
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Aug 4, 2011
Return Version
2010v3.4
Gross Receipts
$37,814
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.

Filing and Contact Details

Filer

EIN
75-3002561
Raw XML Appendix393 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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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ORGANIZATION ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 (PREVIOUSLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF DECEMBER 31, 2010, THERE WAS NO UNRECOGNIZED TAX ACCRUAL. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATION BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2007.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE BOARD MEMBERS HAVE A BUSINESS RELATIONSHIP IN THAT THEY ARE ALL BOARD MEMBERS OF THE PARENT ORGANIZATION (INTERSTATE TELECOMMUNICATIONS COOPERATIVE, INC).
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/GeneralExplanation/Explanation2THE 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/GeneralExplanation/Explanation3ITC 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/GeneralExplanation/Explanation4NO 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/GeneralExplanation/Explanation5AVAILABLE UPON REQUEST
IRS990ScheduleO/GeneralExplanation/Explanation6THE ITC RURAL ECONOMIC DEVELOPMENT INC CAN BE ACCESSED ON THE WEB AT WWW.ITC-WEB.COM. - CLICK ON "ABOUT US." - CLICK ON "LEARN MORE ABOUT ITC'S ECONOMIC DEVELOPMENT LOANS FOR LOCAL BUSINESSES AND COMMUNITIES $."
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IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0463650
IRS990/UnrestrictedNetAssets/EOY0489455
IRS990/UponRequest0X
IRS990/WebSite0WWW.ITC-WEB.COM
IRS990/WhistleblowerPolicy01
IRS990/YearFormation02001
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0753002561
ReturnHeader/Filer/Name/BusinessNameLine10ITC RURAL ECONOMIC DEVELOPMENT INC
ReturnHeader/Filer/NameControl0ITCR
ReturnHeader/Filer/Phone06058742181
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 920
ReturnHeader/Filer/USAddress/City0CLEAR LAKE
ReturnHeader/Filer/USAddress/State0SD
ReturnHeader/Filer/USAddress/ZIPCode057226
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02011-08-04
ReturnHeader/Officer/Name0JOEL BRANDT
ReturnHeader/Officer/Phone06058742181
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/Preparer/DatePrepared02011-08-04
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10EIDE BAILLY LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10200 EAST 10TH ST PO BOX 5125
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0SIOUX FALLS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0SD
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0571175125
ReturnHeader/Preparer/Name0LAURIE HANSON
ReturnHeader/Preparer/Phone06053391999
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02010-01-01
ReturnHeader/TaxPeriodEndDate02010-12-31
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02011-08-09T13:18:48-05:00

Document Assets

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,376,177
Liabilities
$556,722
Net assets
$819,455
Revenue
-
Expenses
$12,009
Net income
-
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