Civic Intelligence

Glacial Lakes Area Development Inc

990 • Fiscal year 2017 • EIN 87-0787080

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

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

86th percentile

0.68x

Higher debt load relative to assets than 86% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

10.95x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

45th percentile

$50,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 52.3% of source-year revenue.

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

Asset Growth

78th percentile

17%

Faster asset growth than 78% of similar nonprofits.

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

Revenue Growth

17th percentile

-13%

Faster revenue growth than 17% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,537,416

Up $225,969 (+17%) from 2016

Net Assets

Down

$490,453

Down $2,810 (-0.6%) from 2016

Liabilities

Up

$1,046,963

Up $228,779 (+28%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin75th percentile

Revenue

Down

$95,573

Down $14,772 (-13%) from 2016

Expenses

Down

$79,832

Down $24,089 (-23%) from 2016

Net Income

Up

$15,741

Up $9,317 (+145%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2017

Assets$1,537,416
Liabilities$1,046,963
Net Assets$490,453
Open 2017 Filing

Operations Trend

Revenue Growth17th 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

2017

Revenue$95,573
Expenses$79,832
Net Income$15,741
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.2
Gross Receipts
$95,573
Mission and Program Overview

Mission

To facilitate regional economic development in northeastern South Dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$767,848$759,019▼ $8,829
Rtn Earn Endowment Incm Other Fnds$493,263$490,453▼ $2,810
Cash and Non-Interest-Bearing Accounts$542,466$410,718▼ $131,748
Savings and Temporary Cash Investments-$366,895-
Land, Buildings, and Equipment, Net$1,133$784▼ $349
Total Assets$1,311,447$1,537,416▲ $225,969
Liabilities
Mortgage Notes Payable Secured by Investment Property$650,586$679,883▲ $29,297
Other Liabilities$167,210$366,692▲ $199,482
Accounts Payable and Accrued Expenses$388$388→ $0
Total Liabilities$818,184$1,046,963▲ $228,779
Net Assets / Fund Balance
Total Net Assets Fund Balance$493,263$490,453▼ $2,810
Total Liabilities and Net Assets / Fund Balance$1,311,447$1,537,416▲ $225,969

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$784$6,556$7,340
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lindsey KimberExecutive DirectorFT$50,000$50,000

Board Members and Trustees

NameTitle
Brian RabenbergVice President
Bradley HeitmannDirector
Chad HardyDirector
Jennifer KeintzDirector
Matt SchullerDirector
Cindy HoflandSecretarytreas
Revenue and Support

Revenue Composition

Contributions and Grants
$69,419
Program Service Revenue
$23,633
Investment Income
$0
Other Revenue
$2,521
All Other Contributions
$24,019
Change in Net Assets
$15,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$61,716
Other Expenses$18,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,000$31,716-$61,716
Interest$8,294--$8,294
Office Expenses-$2,703-$2,703
Fees for Services Accounting-$1,456-$1,456
Insurance$1,453--$1,453
Advertising-$1,314-$1,314
Other Expenses$987--$987
Travel-$648-$648
Information Technology-$576-$576
Depreciation Depletion$349--$349
Conferences and Meetings-$336-$336
Total Functional Expenses$41,083$38,749$0$79,832
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Project Funds Held in Trust$366,637
Off$55
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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 governing body review Part VI line 11

“Governing body reviewed Form 990 at its regular meeting.”

Form 990 availability to public Part VI line 18

“Form 990 is available for public inspection at the local GLAD office.”

Governing documents etc available to public Part VI line 19

“Governing documents are available to public at the GLAD office at the Marshall County Community Building”

Filing and Contact Details

Filer

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

Signing Officer

Name
Lindsey Kimber
Title
Executive Direc
Phone
6054480005
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lindsey Kimber
Formed
2005
Legal Domicile
Sd
Voting Board Members
8
Independent Board Members
7
Employees
2

Preparer

Firm
Britton Bookkeeping & Tax Service
Address
PO Box 74, Britton, SD 57430
Preparer
Susan Wismer
Phone
6054482572
Supplemental Narrative

Additional Explanations

Amended return information

“A preliminary, incomplete, version of the return was erroneously filed. Attached return is the correct version”

Not undergone required audits or steps for audit part XII line 3B

“GLAD plans to have an audit completed in the near future.”

Raw XML Appendix386 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/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt025029
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt011761
IRS990ScheduleA/OtherIncome170Grp/TotalAmt075113
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88510
IRS990ScheduleA/PublicSupportPY170Pct00.87370
IRS990ScheduleA/PublicSupportTotal170Amt0579799
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt069419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt084189
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt093683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0261679
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt070829
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0579799
IRS990ScheduleA/TotalSupportAmt0655061
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0784
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06556
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0366637
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PROJECT FUNDS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OFF
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0784
IRS990ScheduleD/TotalLiabilityAmt0366692
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A PRELIMINARY, INCOMPLETE, VERSION OF THE RETURN WAS ERRONEOUSLY FILED. ATTACHED RETURN IS THE CORRECT VERSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing body reviewed Form 990 at its regular meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is available for public inspection at the local GLAD office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are available to public at the GLAD office at the Marshall County Community Building
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GLAD plans to have an audit completed in the near future.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Not undergone required audits or steps for audit part XII line 3b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01311447
IRS990/TotalAssetsEOYAmt01537416
IRS990/TotalAssetsGrp/BOYAmt01311447
IRS990/TotalAssetsGrp/EOYAmt01537416
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt069419
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038749
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041083
IRS990/TotalFunctionalExpensesGrp/TotalAmt079832
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0818184
IRS990/TotalLiabilitiesEOYAmt01046963
IRS990/TotalLiabilitiesGrp/BOYAmt0818184
IRS990/TotalLiabilitiesGrp/EOYAmt01046963
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0493263
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0490453
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt041083
IRS990/TotalProgramServiceRevenueAmt023633
IRS990/TotalReportableCompFromOrgAmt050000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026154
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095573
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01311447
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01537416
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0648
IRS990/TravelGrp/TotalAmt0648
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDSEY KIMBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum06054480005
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLACIAL LAKES AREA DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0GLAC
ReturnHeader/Filer/EIN0870787080
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 231
ReturnHeader/Filer/USAddress/CityNm0BRITTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057430
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId024670DF36AFE33A86115ECC290F61EE3ED92E702
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId024670DF36AFE33A86115ECC290F61EE3ED92E702
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId04600992018303bxe0fvt
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-10-30
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.53.236.225
ReturnHeader/FilingSecurityInformation/IPDt02018-10-30
ReturnHeader/FilingSecurityInformation/IPTm015:28:25
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Britton Bookkeeping & Tax Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 74
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Britton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057430
ReturnHeader/PreparerPersonGrp/PhoneNum06054482572
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Susan Wismer
ReturnHeader/ReturnTs02018-10-30T14:39:14-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,537,416
Liabilities
$1,046,963
Net assets
$490,453
Revenue
$95,573
Expenses
$79,832
Net income
$15,741
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
2017Detailed filing. Detailed filing data is available for this year.$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