Civic Intelligence

Silver Valley Economic Development Corporation

990EZ • Fiscal year 2021 • EIN 82-0403273

Jan 01, 2021 to Dec 31, 2021 • Filed on May 27, 2022

Organization Profilewww.silvervalleyedc.com

View Organization Page

703 Cedar StreetWallace, ID 83873

(208) 752-5511

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.00x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

33rd percentile

-1.2%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

83rd percentile

$40,267

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 70.4% of source-year revenue.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

34th percentile

-1.5%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-17%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$100,372

Down $1,542 (-1.5%) from 2020

Net Assets

Down

$100,356

Down $690 (-0.7%) from 2020

Liabilities

Down

$16

Down $852 (-98%) from 2020

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin33rd percentile

Revenue

Down

$57,176

Down $11,686 (-17%) from 2020

Expenses

Up

$57,866

Up $2,443 (+4.4%) from 2020

Net Income

Down

-$690

Down $14,129 (-105%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2011: $45,482Liabilities 2011: $02011Assets 2012: $62,854Net Assets 2012: $62,8542012Assets 2013: $58,810Net Assets 2013: $58,8102013Assets 2014: $63,088Net Assets 2014: $63,0882014Assets 2015: $86,473Net Assets 2015: $86,4732015Assets 2016: $90,917Net Assets 2016: $90,9172016Assets 2017: $67,034Liabilities 2017: $1,057Net Assets 2017: $65,9772017Assets 2018: $90,719Liabilities 2018: $694Net Assets 2018: $90,0252018Assets 2019: $88,424Liabilities 2019: $817Net Assets 2019: $87,6072019Assets 2020: $101,914Liabilities 2020: $868Net Assets 2020: $101,0462020Assets 2021: $100,372Liabilities 2021: $16Net Assets 2021: $100,3562021Assets 2022: $103,915Liabilities 2022: $3,945Net Assets 2022: $99,9702022Assets 2023: $104,849Liabilities 2023: $3,533Net Assets 2023: $101,3162023Assets 2024: $108,432Liabilities 2024: $3,709Net Assets 2024: $104,7232024

Highlighted filing

2021

Assets$100,372
Liabilities$16
Net Assets$100,356
Open 2021 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2011: $61,729Expenses 2011: $73,542Net Income 2011: -$11,8132011Revenue 2012: $63,165Expenses 2012: $45,793Net Income 2012: $17,3722012Revenue 2013: $52,235Expenses 2013: $56,279Net Income 2013: -$4,0442013Revenue 2014: $54,371Expenses 2014: $50,093Net Income 2014: $4,2782014Revenue 2015: $59,943Expenses 2015: $36,558Net Income 2015: $23,3852015Revenue 2016: $52,059Expenses 2016: $47,615Net Income 2016: $4,4442016Revenue 2017: $28,903Expenses 2017: $53,843Net Income 2017: -$24,9402017Revenue 2018: $69,403Expenses 2018: $45,355Net Income 2018: $24,0482018Revenue 2019: $52,362Expenses 2019: $54,780Net Income 2019: -$2,4182019Revenue 2020: $68,862Expenses 2020: $55,423Net Income 2020: $13,4392020Revenue 2021: $57,176Expenses 2021: $57,866Net Income 2021: -$6902021Revenue 2022: $45,681Expenses 2022: $46,067Net Income 2022: -$3862022Revenue 2023: $63,522Expenses 2023: $62,176Net Income 2023: $1,3462023Revenue 2024: $68,645Expenses 2024: $65,238Net Income 2024: $3,4072024

Highlighted filing

2021

Revenue$57,176
Expenses$57,866
Net Income-$690
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 27, 2022
Return Version
2021v4.0
Gross Receipts
$57,176
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Program Services

DescriptionGrantsExpenses
ECONOMIC DEVELOPMENT IN THE NORTH IDAHO COUNTIES.--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
COLLEEN L ROSSONExecutive DirectorFT$40,267-$40,267
DUANE LITTLEVice Chairman-$0--
FRANK DURHAMTreasurer-$0--
DAN MARTINSENChairmanPT$0--
KATHY ZANETTISecretary-$0--
ANDY HELKEYDirector-$0--
GINA DOERSCHELDirector-$0--
JEFF COLBURNDirector-$0--
PAUL LEWISDirector-$0--
KEITH DARYDirector-$0--
GAIL BALLARDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Silver Valley Economic Development
EIN
82-0403273
Phone
2087525511
Address
703 CEDAR STREET, WALLACE, ID 83873

Signing Officer

Name
Dan Martinsen
Title
Chairman
Signed
2022-05-27
Discuss with paid preparer
Yes

Preparer

Firm
HF Magnuson & Company
Address
PO Box 469, Wallace, ID 83873
Preparer
Mark W Absec
Phone
2087521131
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $50”

Other Expenses.1002

“Office Expenses $1328”

Other Expenses.1005

“Travel $115”

Other Expenses.1007

“Conferences, Conventions, and Meetings $160”

Other Expenses.1012

“Insurance $800”

Other Expenses.1

“EQUIPMENT $950”

Other Expenses.2

“WEBSITE $578”

Other Expenses.3

“EMPLOYEE EXPENSES $400”

Other Expenses.4

“Workers compensation $165”

Other Expenses.5

“BANK FEES $50”

Other Expenses.6

“CONTACT SERVICES $50”

Other Assets.1005

“Accounts Receivable - Beginning $240 Accounts Receivable - Ending $0”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $868 Accounts Payable and Accrued Expenses - Ending $16”

Raw XML Appendix167 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/PhoneNum02083526239
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WALLACE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ID
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd083873
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0101674
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0100372
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt030000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-690
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0725
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt027170
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0101046
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0100356
IRS990EZ/OccupancyRentUtltsAndMaintAmt09000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt140267
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DUANE LITTLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1COLLEEN L ROSSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2FRANK DURHAM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DAN MARTINSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4KATHY ZANETTI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ANDY HELKEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6GINA DOERSCHEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JEFF COLBURN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8PAUL LEWIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9KEITH DARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10GAIL BALLARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Vice Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0240
IRS990EZ/OtherExpensesTotalAmt04646
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ECONOMIC DEVELOPMENT IN THE NORTH IDAHO COUNTIES.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt043495
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0868
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt016
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt057866
IRS990EZ/TotalRevenueAmt057176
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.silvervalleyedc.com
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $1328
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $115
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conferences, Conventions, and Meetings $160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EQUIPMENT $950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WEBSITE $578
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EMPLOYEE EXPENSES $400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8WORKERS COMPENSATION $165
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BANK FEES $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CONTACT SERVICES $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Receivable - Beginning $240 Accounts Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounts Payable and Accrued Expenses - Beginning $868 Accounts Payable and Accrued Expenses - Ending $16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1001
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN MARTINSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILVER VALLEY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SILV
ReturnHeader/Filer/EIN0820403273
ReturnHeader/Filer/PhoneNum02087525511
ReturnHeader/Filer/USAddress/AddressLine1Txt0703 CEDAR STREET
ReturnHeader/Filer/USAddress/CityNm0WALLACE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ID
ReturnHeader/Filer/USAddress/ZIPCd083873
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272800584
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HF Magnuson & Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 469
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wallace
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083873
ReturnHeader/PreparerPersonGrp/PhoneNum02087521131
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK W ABSEC
ReturnHeader/ReturnTs02022-05-29T12:16:33-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARTINSEN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,372
Liabilities
$16
Net assets
$100,356
Revenue
$57,176
Expenses
$57,866
Net income
-$690
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.08$0.04$1.05$0.69$0.65$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.04$1.01$0.64$0.62$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.04$1.00$0.46$0.46$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.57$0.58$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.01$1.01$0.69$0.55$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.88$0.52$0.55$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.91$0.01$0.90$0.69$0.45$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.66$0.29$0.54$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.91$0.52$0.48$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.86$0.60$0.37$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.63$0.63$0.54$0.50$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.59$0.59$0.52$0.56$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.63$0.63$0.46$0.17
2011Summary only. Only limited summary data is available for this year.$0.45$0.00$0.62$0.74$0.12