Civic Intelligence

Glacial Lakes Area Development Inc

990 • Fiscal year 2014 • EIN 87-0787080

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 15, 2015

Organization ProfileWWW.GLADSD.COM
PO Box 231Britton, SD 57430

(605) 448-0005

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.51x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

1.68x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

69th percentile

$55,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

96th percentile

126%

Faster asset growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

97th percentile

248%

Faster revenue growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$948,498

Up $528,273 (+126%) from 2013

Net Assets

Up

$465,228

Up $195,003 (+72%) from 2013

Liabilities

Up

$483,270

Up $333,270 (+222%) from 2013

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin95th percentile

Revenue

Up

$287,249

Up $204,659 (+248%) from 2013

Expenses

Up

$91,983

Up $4,380 (+5.0%) from 2013

Net Income

Up

$195,266

Up $200,279 (+3995%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $277,283Net Assets 2010: $277,2832010Assets 2011: $277,305Net Assets 2011: $277,3052011Assets 2012: $375,263Liabilities 2012: $100,025Net Assets 2012: $275,2382012Assets 2013: $420,225Liabilities 2013: $150,000Net Assets 2013: $270,2252013Assets 2014: $948,498Liabilities 2014: $483,270Net Assets 2014: $465,2282014Assets 2015: $1,091,365Liabilities 2015: $604,526Net Assets 2015: $486,8392015Assets 2016: $1,311,447Liabilities 2016: $818,184Net Assets 2016: $493,2632016Assets 2017: $1,537,416Liabilities 2017: $1,046,963Net Assets 2017: $490,4532017Assets 2018: $1,538,649Liabilities 2018: $1,010,845Net Assets 2018: $527,8042018Assets 2019: $1,207,642Liabilities 2019: $657,239Net Assets 2019: $550,4032019Assets 2020: $1,159,133Liabilities 2020: $582,331Net Assets 2020: $576,8022020Assets 2021: $1,139,172Liabilities 2021: $525,514Net Assets 2021: $613,6582021Assets 2022: $1,214,620Liabilities 2022: $573,451Net Assets 2022: $641,1692022Assets 2023: $1,213,591Liabilities 2023: $707,408Net Assets 2023: $506,1832023Assets 2024: $1,638,305Liabilities 2024: $1,114,796Net Assets 2024: $523,5092024

Highlighted filing

2014

Assets$948,498
Liabilities$483,270
Net Assets$465,228
Open 2014 Filing

Operations Trend

Revenue Growth97th percentile

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

$400K$200K$0-$200KRevenue 2010: $198,967Expenses 2010: $90,811Net Income 2010: $108,1562010Revenue 2011: $80,693Expenses 2011: $80,669Net Income 2011: $242011Revenue 2012: $101,251Expenses 2012: $103,323Net Income 2012: -$2,0722012Revenue 2013: $82,590Expenses 2013: $87,603Net Income 2013: -$5,0132013Revenue 2014: $287,249Expenses 2014: $91,983Net Income 2014: $195,2662014Revenue 2015: $112,066Expenses 2015: $90,466Net Income 2015: $21,6002015Revenue 2016: $110,345Expenses 2016: $103,921Net Income 2016: $6,4242016Revenue 2017: $95,573Expenses 2017: $79,832Net Income 2017: $15,7412017Revenue 2018: $130,328Expenses 2018: $84,297Net Income 2018: $46,0312018Revenue 2019: $108,893Expenses 2019: $86,254Net Income 2019: $22,6392019Revenue 2020: $109,320Expenses 2020: $82,962Net Income 2020: $26,3582020Revenue 2021: $129,775Expenses 2021: $92,919Net Income 2021: $36,8562021Revenue 2022: $121,070Expenses 2022: $93,559Net Income 2022: $27,5112022Revenue 2023: $115,670Expenses 2023: $250,656Net Income 2023: -$134,9862023Revenue 2024: $129,313Expenses 2024: $111,987Net Income 2024: $17,3262024

Highlighted filing

2014

Revenue$287,249
Expenses$91,983
Net Income$195,266
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 15, 2015
Return Version
2014v5.0
Gross Receipts
$287,249
Mission and Program Overview

Mission

To facilitate regional economic development in northeastern South Dakota.

To serve as a catalyst for public education, program development, research, fundraising, and training for communities, businesses, and individuals in northeastern south dakota. To provide technical assistance in facilitating access to resources, and facilite regional economic development collaborations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$104,911$603,485▲ $498,574
Rtn Earn Endowment Incm Other Fnds$270,113$465,116▲ $195,003
Other Notes and Loans Receivable, Net$313,635$342,371▲ $28,736
Land, Buildings, and Equipment, Net$1,485$2,449▲ $964
Savings and Temporary Cash Investments$194$193▼ $1
Pd in Cap Srpls Land Bldg Eqp Fund$112$112→ $0
Total Assets$420,225$948,498▲ $528,273
Liabilities
Unsecured Notes Loans Payable$150,000$483,270▲ $333,270
Total Liabilities$150,000$483,270▲ $333,270
Net Assets / Fund Balance
Total Net Assets Fund Balance$270,225$465,228▲ $195,003
Total Liabilities and Net Assets / Fund Balance$420,225$948,498▲ $528,273

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,449$4,891$7,340
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Scott AmundsonExecutive DiFT$55,000$55,000

Board Members and Trustees

NameTitle
Paula JensenPresident
Brad HeitmannDirector
Doug MedhaugDirector
Katherine CerollDirector
Cindy HoflandSecretary
Jennifer RoerigTreasurer
Brian RabenbergVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$261,679
Program Service Revenue
$25,029
Investment Income
$1
Other Revenue
$540
All Other Contributions
$20,496
Change in Net Assets
$195,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$62,659
Other Expenses$29,324
Total Fundraising Expense$6,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$38,130$10,894$5,447$54,471
Travel$5,552$1,104$10$6,666
Office Expenses$2,022$4,425-$6,447
Information Technology-$4,718-$4,718
Payroll Taxes$2,903$830$415$4,148
Pension Plan Contributions$2,828$808$404$4,040
Fees for Services Other$3,346$121-$3,467
Interest$2,885--$2,885
Fees for Services Accounting-$2,637-$2,637
Conferences and Meetings$1,076$588-$1,664
Depreciation Depletion$720--$720
Advertising$120--$120
Total Functional Expenses$59,582$26,125$6,276$91,983
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
No
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
Yes
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, Page 6, Part VI, Line 11B

“Return reviewed at board meeting as noted in minutes.”

Form 990, Page 6, Part VI, Line 15A

“Annual review performed by board members and communicated to employee.”

Form 990, Page 6, Part VI, Line 19

“Upon request directed to executive director, under authorization of board.”

Filing and Contact Details

Filer

Filer Name
Glacial Lakes Area Development Inc
EIN
87-0787080
Phone
6054480005
Address
PO BOX 231, BRITTON, SD 57430

Signing Officer

Name
Scott Amundson
Title
Executive Director
Phone
6054480005
Signed
2015-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Amundson
Formed
2005
Legal Domicile
Sd
Voting Board Members
8
Independent Board Members
7
Employees
1

Preparer

Firm
Britton Bookkeeping Tax Service Inc
Address
PO BOX 74, BRITTON, SD 57430-0074
Preparer
Susan Wismer
Phone
6054482572
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To serve as a catalyst for public education, program development, research, fundraising, and training for communities, businesses, and individuals in northeastern south dakota. To provide technical assistance in facilitating access to resources, and facilite regional economic development collaborations.”

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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/PublicSupportCY170Pct00.91110
IRS990ScheduleA/PublicSupportPY170Pct00.91190
IRS990ScheduleA/PublicSupportTotal170Amt0682963
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0261679
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt070829
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt089292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt074028
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0187135
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0682963
IRS990ScheduleA/TotalSupportAmt0749614
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02449
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04891
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07340
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02449
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO SERVE AS A CATALYST FOR PUBLIC EDUCATION, PROGRAM DEVELOPMENT, RESEARCH, FUNDRAISING, AND TRAINING FOR COMMUNITIES, BUSINESSES, AND INDIVIDUALS IN NORTHEASTERN SOUTH DAKOTA. TO PROVIDE TECHNICAL ASSISTANCE IN FACILITATING ACCESS TO RESOURCES, AND FACILITE REGIONAL ECONOMIC DEVELOPMENT COLLABORATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN REVIEWED AT BOARD MEETING AS NOTED IN MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REVIEW PERFORMED BY BOARD MEMBERS AND COMMUNICATED TO EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST DIRECTED TO EXECUTIVE DIRECTOR, UNDER AUTHORIZATION OF BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0420225
IRS990/TotalAssetsEOYAmt0948498
IRS990/TotalAssetsGrp/BOYAmt0420225
IRS990/TotalAssetsGrp/EOYAmt0948498
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0261679
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06276
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026125
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt059582
IRS990/TotalFunctionalExpensesGrp/TotalAmt091983
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0150000
IRS990/TotalLiabilitiesEOYAmt0483270
IRS990/TotalLiabilitiesGrp/BOYAmt0150000
IRS990/TotalLiabilitiesGrp/EOYAmt0483270
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0270225
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0465228
IRS990/TotalProgramServiceExpensesAmt059582
IRS990/TotalProgramServiceRevenueAmt025029
IRS990/TotalReportableCompFromOrgAmt055000
IRS990/TotalRevenueGrp/ExclusionAmt025029
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0541
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0287249
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0420225
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0948498
IRS990/TravelGrp/FundraisingAmt010
IRS990/TravelGrp/ManagementAndGeneralAmt01104
IRS990/TravelGrp/ProgramServicesAmt05552
IRS990/TravelGrp/TotalAmt06666
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0150000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0483270
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 231
IRS990/USAddress/CityNm0BRITTON
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057430
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GLADSD.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT AMUNDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06054480005
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLACIAL LAKES AREA DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0GLAC
ReturnHeader/Filer/EIN0870787080
ReturnHeader/Filer/PhoneNum06054480005
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 231
ReturnHeader/Filer/USAddress/CityNm0BRITTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057430
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRITTON BOOKKEEPING TAX SERVICE INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 74
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRITTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0574300074
ReturnHeader/PreparerPersonGrp/PhoneNum06054482572
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN WISMER
ReturnHeader/ReturnTs02015-08-03T14:25:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$948,498
Liabilities
$483,270
Net assets
$465,228
Revenue
$287,249
Expenses
$91,983
Net income
$195,266
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$1.11$0.52$0.13$0.11$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.71$0.51$0.12$0.25$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.57$0.64$0.12$0.09$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.53$0.61$0.13$0.09$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.58$0.58$0.11$0.08$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.66$0.55$0.11$0.09$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$1.01$0.53$0.13$0.08$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$1.05$0.49$0.10$0.08$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.82$0.49$0.11$0.10$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.60$0.49$0.11$0.09$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.48$0.47$0.29$0.09$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.15$0.27$0.08$0.09$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.10$0.28$0.10$0.10$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.28$0.08$0.08$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.28$0.20$0.09$0.11