Civic Intelligence

Itc Rural Economic Development Inc.

990 • Fiscal year 2017 • EIN 75-3002561

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 11, 2018

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

69th percentile

0.27x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

8.20x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

40th percentile

0.4%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

9.6%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$1,344,465

Up $5,392 (+0.4%) from 2016

Net Assets

Up

$978,525

Up $33,466 (+3.5%) from 2016

Liabilities

Down

$365,940

Down $28,074 (-7.1%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin96th percentile

Revenue

Up

$44,632

Up $3,924 (+9.6%) from 2016

Expenses

Down

$11,166

Down $2,618 (-19%) from 2016

Net Income

Up

$33,466

Up $6,542 (+24%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2017

Assets$1,344,465
Liabilities$365,940
Net Assets$978,525
Open 2017 Filing

Operations Trend

Revenue Growth61st 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

2017

Revenue$44,632
Expenses$11,166
Net Income$33,466
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 11, 2018
Return Version
2017v2.2
Gross Receipts
$44,632
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
Investments Program Related$1,036,512$864,812▼ $171,700
Savings and Temporary Cash Investments$300,791$479,581▲ $178,790
Accounts Receivable$1,770$72▼ $1,698
Total Assets$1,339,073$1,344,465▲ $5,392
Liabilities
Mortgage Notes Payable Secured by Investment Property$391,835$363,916▼ $27,919
Accounts Payable and Accrued Expenses$2,179$2,024▼ $155
Total Liabilities$394,014$365,940▼ $28,074
Net Assets / Fund Balance
Unrestricted Net Assets$615,059$648,525▲ $33,466
Permanently Rstr Net Assets$330,000$330,000→ $0
Total Net Assets Fund Balance$945,059$978,525▲ $33,466
Total Liabilities and Net Assets / Fund Balance$1,339,073$1,344,465▲ $5,392

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$864,812--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Warren BrandleePresident
Tom MainVice President
Joel RipleyDirector
Cliff RuesinkSecretary
Merlyn WookeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$44,223
Investment Income
$409
Other Revenue
$0
Change in Net Assets
$33,466

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,632
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$868
Total Revenue per Audited Statements
$45,500
Total Revenue per Form 990
$44,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,166
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-$7,403-$7,403
Interest$3,763--$3,763
Total Functional Expenses$3,763$7,403$0$11,166

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,034
Expenses per Audited Statements$11,166
Total Expenses per Form 990$11,166
Expenses Not Reported on Form 990$868
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 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
Warren Brandlee
Title
President
Phone
6058742181
Signed
2018-06-11
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
6

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 408 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/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt044223
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt040025
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt021187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt048020
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt019795
IRS990ScheduleA/Total509Grp/TotalAmt0173250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt044632
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt040708
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt022137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt049072
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt020835
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0177384
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0868
IRS990ScheduleD/DonatedServicesUseFcltsAmt0868
IRS990ScheduleD/ExpensesNotReportedAmt0868
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011166
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0864812
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0EXEMPT-PURPOSE NOTES RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt0868
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt044632
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/TotalBookValueProgramRltdAmt0864812
IRS990ScheduleD/TotalExpensesPerForm990Amt011166
IRS990ScheduleD/TotalRevenuePerForm990Amt044632
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt045500
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012034
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 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/ReimbursementPaidByOtherOrgInd00
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/TotalAssetsBOYAmt01339073
IRS990/TotalAssetsEOYAmt01344465
IRS990/TotalAssetsGrp/BOYAmt01339073
IRS990/TotalAssetsGrp/EOYAmt01344465
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07403
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03763
IRS990/TotalFunctionalExpensesGrp/TotalAmt011166
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0394014
IRS990/TotalLiabilitiesEOYAmt0365940
IRS990/TotalLiabilitiesGrp/BOYAmt0394014
IRS990/TotalLiabilitiesGrp/EOYAmt0365940
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0945059
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0978525
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03763
IRS990/TotalProgramServiceRevenueAmt044223
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0409
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt044223
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt044632
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01339073
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01344465
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0615059
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0648525
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WARREN BRANDLEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06058742181
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-11
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DF90A54C5C3E4032C1299DEDF1D3EA1025750549
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A01853E6EF032EEC7D4C024333A5FA8796B776CD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.135.124.75
ReturnHeader/FilingSecurityInformation/IPDt02018-06-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:12:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 EAST 10TH ST PO BOX 5125
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0571175125

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,344,465
Liabilities
$365,940
Net assets
$978,525
Revenue
$44,632
Expenses
$11,166
Net income
$33,466
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
2017Detailed filing. Detailed filing data is available for this year.$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