Civic Intelligence

Itc Rural Economic Development Inc.

990 • Fiscal year 2014 • EIN 75-3002561

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 23, 2015

Organization ProfileWWW.ITC-WEB.COM
PO Box 920Clear Lake, SD 57226

(605) 874-2181

Siviq Scores

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

Liabilities / Assets

70th percentile

0.33x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

9.16x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

136%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$1,356,495

Up $9,956 (+0.7%) from 2013

Net Assets

Up

$907,162

Up $37,206 (+4.3%) from 2013

Liabilities

Down

$449,333

Down $27,250 (-5.7%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin96th percentile

Revenue

Up

$49,072

Up $28,237 (+136%) from 2013

Expenses

Up

$11,866

Up $260 (+2.2%) from 2013

Net Income

Up

$37,206

Up $27,977 (+303%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

2014

Assets$1,356,495
Liabilities$449,333
Net Assets$907,162
Open 2014 Filing

Operations Trend

Revenue Growth95th percentile

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

2014

Revenue$49,072
Expenses$11,866
Net Income$37,206
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 23, 2015
Return Version
2014v5.0
Gross Receipts
$49,072
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.

To provide low interest loans to businesses and communities for the purpose of adding value, employment, and rural community opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,043,458$947,658▼ $95,800
Other Notes and Loans Receivable, Net$301,509$407,452▲ $105,943
Accounts Receivable$1,572$1,385▼ $187
Total Assets$1,346,539$1,356,495▲ $9,956
Liabilities
Mortgage Notes Payable Secured by Investment Property$473,947$446,848▼ $27,099
Accounts Payable and Accrued Expenses$2,636$2,485▼ $151
Total Liabilities$476,583$449,333▼ $27,250
Net Assets / Fund Balance
Unrestricted Net Assets$539,956$577,162▲ $37,206
Permanently Rstr Net Assets$330,000$330,000→ $0
Total Net Assets Fund Balance$869,956$907,162▲ $37,206
Total Liabilities and Net Assets / Fund Balance$1,346,539$1,356,495▲ $9,956
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Warren BrandleePresident
Tom MainVice President
Luverne CrosserDirector
Cliff RuesinkSecretary
Merlyn WookeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,383
Program Service Revenue
$17,637
Investment Income
$1,052
Other Revenue
$0
All Other Contributions
$30,383
Change in Net Assets
$37,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$49,072
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,010
Total Revenue per Audited Statements
$50,082
Total Revenue per Form 990
$49,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,866
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-$7,267-$7,267
Interest$4,589--$4,589
Fees for Services Management-$10-$10
Total Functional Expenses$4,589$7,277$0$11,866

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,876
Expenses per Audited Statements$11,866
Total Expenses per Form 990$11,866
Expenses Not Reported on Form 990$1,010
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
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 11

“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
Warren Brandlee
Title
President
Phone
6058742181
Signed
2015-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Warren Brandlee
Formed
2001
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

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

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" - click on "redi loan fund program"”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income taxation under section 501(c)(3) of the internal revenue code. The entity 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 their exempt purposes. The organization has determined it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. 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 413 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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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt09313
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt064249
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt03427
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt04085
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt04706
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt012335
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt09313
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt033866
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt048020
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt019795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt026701
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt037015
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt036519
IRS990ScheduleA/Total509Grp/TotalAmt0168050
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt049072
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt020835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt027653
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt038168
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt037814
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0173542
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesUseFcltsAmt01010
IRS990ScheduleD/ExpensesNotReportedAmt01010
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011866
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01010
IRS990ScheduleD/RevenueNotReportedAmt01010
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt049072
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ENTITY 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 THEIR EXEMPT PURPOSES. THE ORGANIZATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt011866
IRS990ScheduleD/TotalRevenuePerForm990Amt049072
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt050082
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012876
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" - 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 11
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/GiftGrntCapContriFromOthOrgInd01
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/PerformOfServicesByOtherOrgInd01
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01346539
IRS990/TotalAssetsEOYAmt01356495
IRS990/TotalAssetsGrp/BOYAmt01346539
IRS990/TotalAssetsGrp/EOYAmt01356495
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt030383
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07277
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04589
IRS990/TotalFunctionalExpensesGrp/TotalAmt011866
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0476583
IRS990/TotalLiabilitiesEOYAmt0449333
IRS990/TotalLiabilitiesGrp/BOYAmt0476583
IRS990/TotalLiabilitiesGrp/EOYAmt0449333
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0869956
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0907162
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04589
IRS990/TotalProgramServiceRevenueAmt017637
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01052
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017637
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt049072
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01346539
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01356495
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0539956
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0577162
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/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WARREN BRANDLEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06058742181
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-23
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/PreparerFirmGrp/PreparerFirmEIN0450250958

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,356,495
Liabilities
$449,333
Net assets
$907,162
Revenue
$49,072
Expenses
$11,866
Net income
$37,206
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
Peer Organizations

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