Civic Intelligence

Southern Valley Economic Development Aut

990EZ • Fiscal year 2021 • EIN 83-1186139

Jan 01, 2021 to Dec 31, 2021 • Filed on May 26, 2022

Organization Profilewww.sveda.biz
1505 11th St N - PO Box 961Wahpeton, ND 58074

(701) 640-8243

Siviq Scores

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

Liabilities / Assets

59th percentile

0.02x

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

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

Liabilities / Revenue

54th percentile

0.01x

Higher debt load relative to revenue than 54% of similar nonprofits.

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

Net Margin

74th percentile

24%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

91st percentile

$71,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 37.0% of source-year revenue.

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

Asset Growth

92nd percentile

77%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

74th percentile

31%

Faster revenue growth than 74% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$108,183

Up $46,973 (+77%) from 2020

Net Assets

Up

$105,824

Up $45,444 (+75%) from 2020

Liabilities

Up

$2,359

Up $1,529 (+184%) from 2020

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin74th percentile

Revenue

Up

$191,907

Up $45,873 (+31%) from 2020

Expenses

Up

$146,463

Up $14,872 (+11%) from 2020

Net Income

Up

$45,444

Up $31,001 (+215%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$150K$100K$50K$0Assets 2019: $45,937Net Assets 2019: $45,9372019Assets 2020: $61,210Liabilities 2020: $830Net Assets 2020: $60,3802020Assets 2021: $108,183Liabilities 2021: $2,359Net Assets 2021: $105,8242021Assets 2022: $119,890Liabilities 2022: $0Net Assets 2022: $119,8902022Assets 2023: $29,543Liabilities 2023: $0Net Assets 2023: $29,5432023Assets 2024: $81,207Liabilities 2024: $2,690Net Assets 2024: $78,5172024

Highlighted filing

2021

Assets$108,183
Liabilities$2,359
Net Assets$105,824
Open 2021 Filing

Operations Trend

Revenue Growth74th percentile

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

$400K$200K$0-$200KRevenue 2019: $159,852Expenses 2019: $129,676Net Income 2019: $30,1762019Revenue 2020: $146,034Expenses 2020: $131,591Net Income 2020: $14,4432020Revenue 2021: $191,907Expenses 2021: $146,463Net Income 2021: $45,4442021Revenue 2022: $224,530Expenses 2022: $210,464Net Income 2022: $14,0662022Revenue 2023: $207,040Expenses 2023: $297,387Net Income 2023: -$90,3472023Revenue 2024: $324,653Expenses 2024: $275,679Net Income 2024: $48,9742024

Highlighted filing

2021

Revenue$191,907
Expenses$146,463
Net Income$45,444
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 26, 2022
Return Version
2021v4.0
Gross Receipts
$191,907
Mission and Program Overview

Mission

To aid, assist, and promote economic development, new wealth creation, and job growth within the geographic area of the City of Wahpeton, ND, City of Breckenridge, MN, Wilkin County, Minnesota, and Richland County, North Dakota.

Program Services

DescriptionGrantsExpenses
-Established the Joint Power Authority -Created a network across Richland and Wilkin County -Held training events and regional discussions around entrepreneurship and business development -Worked with outside businesses to come to the area--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JUSTIN NEPPLExecutive DirectorFT$71,000-$71,000
ROBERT WURLDirector-$0--
NATHAN BERSETHChairman-$0--
RORY MCCANNDirector-$0--
BRAD PAULYDirector-$0--
COREY KRATCHADirector-$0--
STEVE KENTDirector-$0--
DENIS LARSONVice President-$0--
JOE TILMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Southern Valley Economic Development Aut
EIN
83-1186139
Phone
7016408243
Address
1505 11TH ST N - PO BOX 961, WAHPETON, ND 58074

Signing Officer

Name
Justin Neppl
Title
Executive Director
Signed
2022-05-26
Discuss with paid preparer
Yes

Preparer

Firm
Nadine Julson LLC
Address
506 DAKOTA AVE, WAHPETON, ND 58075
Preparer
Daniel Julson
Phone
7016428146
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $5000”

Other Expenses.1002

“Office Expenses $1469”

Other Expenses.1003

“Information Technology $1020”

Other Expenses.1007

“Conferences, Conventions, and Meetings $4450”

Other Expenses.1

“Rural Ideas $11500”

Other Expenses.2

“E Impact $4900”

Other Expenses.3

“CEO Program $3620”

Other Expenses.4

“Bank Charges $42”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $830 Accounts Payable and Accrued Expenses - Ending $2359”

Raw XML Appendix147 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBERT WURL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BRAD PAULY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4COREY KRATCHA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5STEVE KENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DENIS LARSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JOE TILMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8JUSTIN NEPPL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Executive Dir.
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt032001
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To aid, assist, and promote economic development, new wealth creation, and job growth within the geographic area of the City of Wahpeton, ND, City of Breckenridge, MN, Wilkin County, Minnesota, and Richland County, North Dakota.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0-Established the Joint Power Authority -Created a network across Richland and Wilkin County -Held training events and regional discussions around entrepreneurship and business development -Worked with outside businesses to come to the area
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/WebsiteAddressTxt0www.sveda.biz
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $5000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $1469
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $1020
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Rural Ideas $11500
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CEO Program $3620
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Bank Charges $42
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
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ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN NEPPL
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ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0831186139
ReturnHeader/Filer/PhoneNum07016408243
ReturnHeader/Filer/USAddress/AddressLine1Txt01505 11TH ST N - PO BOX 961
ReturnHeader/Filer/USAddress/CityNm0WAHPETON
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ReturnHeader/Filer/USAddress/ZIPCd058074
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAHPETON
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ReturnHeader/PreparerPersonGrp/PhoneNum07016428146
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL JULSON
ReturnHeader/ReturnTs02022-05-26T12:03:18-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUSTIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NEPPL
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
$108,183
Liabilities
$2,359
Net assets
$105,824
Revenue
$191,907
Expenses
$146,463
Net income
$45,444
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.03$0.79$3.25$2.76$0.49
2023Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$2.07$2.97$0.90
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$2.25$2.10$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.08$0.02$1.06$1.92$1.46$0.45
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.01$0.60$1.46$1.32$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.46$1.60$1.30$0.30