Lincoln County Economic Development Association

990EZ • Fiscal year 2013 • EIN 91-1811448

Oct 01, 2012 to Sep 30, 2013 • Filed on Jan 28, 2014

Organization Profile SIOUXFALLSDEVELOPMENT.COM/MCEDA.CFM

PO Box 907Sioux Falls, SD 57101

Siviq Scores

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

0.03x

Higher debt load relative to assets than 63% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

0.02x

Higher debt load relative to revenue than 62% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

20%

Higher net margin than 84% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

-26%

Faster asset growth than 12% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

-17%

Faster revenue growth than 18% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets63rd percentile

Assets

Down

$48,177

Down $17,240 (-26%) from 2012

Net Assets

$46,611

Up $18,325 (+65%) from 2012

Liabilities

Down

$1,566

Down $35,565 (-96%) from 2012

Revenue And Expenses

Liabilities / Revenue62nd percentile Net Margin84th percentile

Revenue

Down

$92,735

Down $18,483 (-17%) from 2012

Expenses

Down

$74,410

Down $35,162 (-32%) from 2012

Net Income

$18,325

Up $16,679 (+1013%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

Highlighted filing

2013

Assets$48,177

Liabilities$1,566

Net Assets$46,611

Open 2013 Filing

Operations Trend

Revenue Growth18th percentile

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

Highlighted filing

2013

Revenue$92,735

Expenses$74,410

Net Income$18,325

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Oct 1, 2012 to Sep 30, 2013
Signed: Jan 28, 2014
Return Version: 2012v2.3

Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Filing and Contact Details

Filer

EIN: 91-1811448

Raw XML Appendix137 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
CompensationExplanation/Compensation/PersonName	0	NICK FOSHEIM
CompensationExplanation/Compensation/PersonName	1	BOB LIER
CompensationExplanation/Compensation/PersonName	2	JENNI WHITE
CompensationExplanation/Compensation/PersonName	3	JIM FEDDERSON
CompensationExplanation/Compensation/PersonName	4	KRIS GRAFF
CompensationExplanation/Compensation/PersonName	5	VERLYN SCHMIDT
CompensationExplanation/Compensation/PersonName	6	JEFFERY TANNER
CompensationExplanation/Compensation/PersonName	7	BRAD HOWARD
CompensationExplanation/Compensation/PersonName	8	TODD NELSON
CompensationExplanation/Compensation/PersonName	9	MIKE POPPENS
IRS990EZ/ActivitiesNotPreviouslyRpt	0	false
IRS990EZ/CashSavingsAndInvestments/BOY	0	57643
IRS990EZ/CashSavingsAndInvestments/EOY	0	30637
IRS990EZ/ContributionsGiftsGrantsEtc	0	4055
IRS990EZ/DidOrgFileForm1120POLThisYear	0	false
IRS990EZ/DoesOrgHaveHospital	0	false
IRS990EZ/EngagePoliticalCmpgnActivities	0	false
IRS990EZ/ExcessOrDeficitForYear	0	18325
IRS990EZ/ForeignFinancialAccount	0	false
IRS990EZ/ForeignOffice	0	false
IRS990EZ/GrossReceipts	0	92735
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InvestmentIncome	0	138
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	false
IRS990EZ/MadeLoansToFromOfficers	0	false
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	false
IRS990EZ/MembershipDues	0	88542
IRS990EZ/MethodOfAccountingAccrual	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	28286
IRS990EZ/NetAssetsOrFundBalancesBOY	0	28286
IRS990EZ/NetAssetsOrFundBalances/EOY	0	46611
IRS990EZ/NetAssetsOrFundBalancesEOY	0	46611
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	5.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	2	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	3	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	4	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	5	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	6	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	7	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	8	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	9	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	4	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	5	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	6	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	7	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	8	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	9	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	NICK FOSHEIM
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	BOB LIER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	JENNI WHITE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	JIM FEDDERSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	4	KRIS GRAFF
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	5	VERLYN SCHMIDT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	6	JEFFERY TANNER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	7	BRAD HOWARD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	8	TODD NELSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	9	MIKE POPPENS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	VICE-PRESIDE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	4	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	5	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	6	SEC./TREAS.
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	7	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	8	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	9	BOARD MEMBER
IRS990EZ/Organization501c	0	X
IRS990EZ/OrganizationDissolvedEtc	0	false
IRS990EZ/OrganizationHadUBI	0	false
IRS990EZ/OtherAssetsTotal/BOY	0	7774
IRS990EZ/OtherAssetsTotal/EOY	0	17540
IRS990EZ/OtherExpensesTotal	0	74410
IRS990EZ/PrimaryExemptPurpose	0	ECONOMIC DEVELOPMENT
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	FURTHERANCE OF ECONOMIC DEVELOPMENT OF LINCOLN COUNTY, SD (EXCLUSIVE OF SIOUX FALLS). THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF LINCOLN COUNTY, SD.
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	74410
IRS990EZ/ProhibitedTaxShelterTrans	0	false
IRS990EZ/RelatedOrgControlledEntity	0	false
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SubjectToProxyTax	0	false
IRS990EZ/SumOfTotalLiabilities/BOY	0	37131
IRS990EZ/SumOfTotalLiabilities/EOY	0	1566
IRS990EZ/TanningServicesProvided	0	false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	PO BOX 277
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	WORTHING
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	SD
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	57077
IRS990EZ/TheBooksAreInCareOf/NamePerson	0	JEFFERY TANNER
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	6053724113
IRS990EZ/TotalAssets/BOY	0	65417
IRS990EZ/TotalAssets/EOY	0	48177
IRS990EZ/TotalExpenses	0	74410
IRS990EZ/TotalProgramServiceExpenses	0	74410
IRS990EZ/TotalRevenue	0	92735
IRS990EZ/TransactionWithControlEntity	0	false
IRS990EZ/WebSite	0	N/A
IRS990ScheduleO/GeneralExplanation/Explanation	0	EXPENSES EXPENSES FOR FUTURE FUND CAMP 4,055 CONTRACT FEES TO SFDF 68,026 BAD DEBT EXPENSE 2,210 NON-INVESTMENT DEPRECIATION 119 TOTAL 74,410
IRS990ScheduleO/GeneralExplanation/Explanation	1	ACCOUNTS RECEIVABLE 1,158 11,043 EQUIPMENT 596 596 LESS ACCUMULATED DEPRECIATION 189 308 DUE FROM MCEDA - FUTURE FUND CAMPAIG 6,209 6,209 TOTAL 7,774 17,540
IRS990ScheduleO/GeneralExplanation/Explanation	2	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 36,110 1,566 DEFERRED REVENUE 1,021 0
IRS990ScheduleO/GeneralExplanation/Identifier	0	OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier	1	OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier	2	OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/Filer/EIN	0	911811448
ReturnHeader/Filer/Name/BusinessNameLine1	0	LINCOLN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/Name/BusinessNameLine2	0	ASSOCIATION
ReturnHeader/Filer/NameControl	0	LINC
ReturnHeader/Filer/USAddress/AddressLine1	0	PO BOX 907
ReturnHeader/Filer/USAddress/City	0	SIOUX FALLS
ReturnHeader/Filer/USAddress/State	0	SD
ReturnHeader/Filer/USAddress/ZIPCode	0	57101
ReturnHeader/Officer/AuthorizeThirdParty	0	false
ReturnHeader/Officer/DateSigned	0	2014-01-28
ReturnHeader/Officer/Name	0	NICK FOSHEIM
ReturnHeader/Officer/Title	0	EXECUTIVE DIRECTOR
ReturnHeader/Preparer/DatePrepared	0	2014-01-28
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	WOLTMAN VAN KEKERIX & STOTZ PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	4500 S TECHNOLOGY DR
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	SIOUX FALLS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	SD
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	571064214
ReturnHeader/Preparer/Name	0	TIM D STOTZ
ReturnHeader/Preparer/Phone	0	6053611200
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-10-01
ReturnHeader/TaxPeriodEndDate	0	2013-09-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2014-02-03T18:29:46-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $48,177
Liabilities: $1,566
Net assets: $46,611
Revenue: $92,735
Expenses: $74,410
Net income: $18,325

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.00		$0.00	$1.31	$1.48	$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.30	$0.13	$0.17	$0.98	$0.94	$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.23	$0.10	$0.13	$1.00	$1.07	$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.29	$0.10	$0.20	$0.88	$1.02	$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.71	$0.39	$0.33	$0.94	$1.05	$0.11
2016Detailed filing. Detailed filing data is available for this year.	$0.67	$0.24	$0.44	$0.83	$0.90	$0.07
2015Detailed filing. Detailed filing data is available for this year.	$0.57	$0.07	$0.51	$0.82	$0.74	$0.08
2014Detailed filing. Detailed filing data is available for this year.	$0.47	$0.04	$0.43	$0.84	$0.88	$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.48	$0.02	$0.47	$0.93	$0.74	$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.65	$0.37	$0.28	$1.11	$1.10	$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.29	$0.02	$0.27	$1.17	$1.06	$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.16		$0.16	$0.84	$0.80	$0.04