Civic Intelligence

Lincoln County Economic Development Association

990EZ • Fiscal year 2018 • EIN 91-1811448

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 16, 2019

Organization ProfileSIOUXFALLSDEVELOPMENT.COM/MCEDA.CFM
PO Box 907Sioux Falls, SD 57101

(605) 934-1961

Siviq Scores

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

Liabilities / Assets

87th percentile

0.33x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.11x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

4th percentile

-59%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

-5.8%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$29,387

Down $41,984 (-59%) from 2017

Net Assets

Down

$19,625

Down $13,169 (-40%) from 2017

Liabilities

Down

$9,762

Down $28,815 (-75%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin17th percentile

Revenue

Down

$88,498

Down $5,437 (-5.8%) from 2017

Expenses

Down

$101,667

Down $3,229 (-3.1%) from 2017

Net Income

Down

-$13,169

Down $2,208 (-20%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$80K$60K$40K$20K$0Assets 2010: $16,379Net Assets 2010: $16,3792010Assets 2011: $28,957Liabilities 2011: $2,317Net Assets 2011: $26,6402011Assets 2012: $65,417Liabilities 2012: $37,131Net Assets 2012: $28,2862012Assets 2013: $48,177Liabilities 2013: $1,566Net Assets 2013: $46,6112013Assets 2014: $46,671Liabilities 2014: $4,049Net Assets 2014: $42,6222014Assets 2015: $57,458Liabilities 2015: $6,792Net Assets 2015: $50,6662015Assets 2016: $67,474Liabilities 2016: $23,719Net Assets 2016: $43,7552016Assets 2017: $71,371Liabilities 2017: $38,577Net Assets 2017: $32,7942017Assets 2018: $29,387Liabilities 2018: $9,762Net Assets 2018: $19,6252018Assets 2019: $22,818Liabilities 2019: $9,974Net Assets 2019: $12,8442019Assets 2020: $30,138Liabilities 2020: $13,230Net Assets 2020: $16,9082020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2018

Assets$29,387
Liabilities$9,762
Net Assets$19,625
Open 2018 Filing

Operations Trend

Revenue Growth35th percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $83,582Expenses 2010: $79,945Net Income 2010: $3,6372010Revenue 2011: $116,594Expenses 2011: $106,333Net Income 2011: $10,2612011Revenue 2012: $111,218Expenses 2012: $109,572Net Income 2012: $1,6462012Revenue 2013: $92,735Expenses 2013: $74,410Net Income 2013: $18,3252013Revenue 2014: $83,770Expenses 2014: $87,759Net Income 2014: -$3,9892014Revenue 2015: $81,978Expenses 2015: $73,934Net Income 2015: $8,0442015Revenue 2016: $83,156Expenses 2016: $90,067Net Income 2016: -$6,9112016Revenue 2017: $93,935Expenses 2017: $104,896Net Income 2017: -$10,9612017Revenue 2018: $88,498Expenses 2018: $101,667Net Income 2018: -$13,1692018Revenue 2019: $99,822Expenses 2019: $106,603Net Income 2019: -$6,7812019Revenue 2020: $97,829Expenses 2020: $93,765Net Income 2020: $4,0642020Revenue 2021: $131,002Expenses 2021: $147,910Net Income 2021: -$16,9082021

Highlighted filing

2018

Revenue$88,498
Expenses$101,667
Net Income-$13,169
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 16, 2019
Return Version
2017v2.3
Gross Receipts
$88,498
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Program Services

DescriptionGrantsExpenses
FURTHERANCE OF ECONOMIC DEVELOPMENT OF LINCOLN COUNTY, SD (EXCLUSIVE OF SIOUX FALLS). THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF LINCOLN COUNTY, SD.-$101,667
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICK FOSHEIMExecutive DiPT$0--
ERIC PAULIPresident-$0--
AMANDA ANGLINVice Preside-$0--
ERIC SAUGSTADVice-Preside-$0--
TODD NELSONSec./Treas.-$0--
ALYSIA SIMUNEKBoard Member-$0--
SAM WAGNERBoard Member-$0--
JON FRICKBoard Member-$0--
DALE LONGBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Lincoln County Economic Development
EIN
91-1811448
Address
PO BOX 907, SIOUX FALLS, SD 57101

Signing Officer

Name
Nick Fosheim
Title
Executive Director
Phone
6053398355
Signed
2019-02-16

Preparer

Firm
Woltman Group Pc
Address
7001 S LYNCREST PLACE SUITE 200, SIOUX FALLS, SD 57108-2599
Preparer
Shawn Q Blom
Phone
6053611200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses expenses for future fund camp 110 contract fees to sfdf 98,815 golf sponsorships/expense 2,560 non-investment depreciation 182 total 101,667”

Form 990-ez, Part II, Line 24

“Equipment 1,503 1,502 less accumulated depreciation 929 1,110 due from mceda - future fund campaig 4,477 3,258 total 5,051 3,650”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 38,577 9,762”

Raw XML Appendix131 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0TODD NELSON
IRS990EZ/BooksInCareOfDetail/PhoneNum06059341961
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 105
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ALCESTER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd057001
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt066320
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt025737
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt01450
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-13169
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt071371
IRS990EZ/Form990TotalAssetsGrp/EOYAmt029387
IRS990EZ/FundraisingGrossIncomeAmt01850
IRS990EZ/GrossReceiptsAmt088498
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0148
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt085050
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt032794
IRS990EZ/NetAssetsOrFundBalancesEOYAmt019625
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt032794
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt019625
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0NICK FOSHEIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ERIC PAULI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2AMANDA ANGLIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ERIC SAUGSTAD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4TODD NELSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ALYSIA SIMUNEK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6SAM WAGNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JON FRICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8DALE LONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE-PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SEC./TREAS.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05051
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03650
IRS990EZ/OtherExpensesTotalAmt0101667
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FURTHERANCE OF ECONOMIC DEVELOPMENT OF LINCOLN COUNTY, SD (EXCLUSIVE OF SIOUX FALLS). THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF LINCOLN COUNTY, SD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0101667
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsNetIncomeLossAmt01850
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt038577
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt09762
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0101667
IRS990EZ/TotalProgramServiceExpensesAmt0101667
IRS990EZ/TotalRevenueAmt088498
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0SIOUXFALLSDEVELOPMENT.COM/MCEDA.CFM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES EXPENSES FOR FUTURE FUND CAMP 110 CONTRACT FEES TO SFDF 98,815 GOLF SPONSORSHIPS/EXPENSE 2,560 NON-INVESTMENT DEPRECIATION 182 TOTAL 101,667
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EQUIPMENT 1,503 1,502 LESS ACCUMULATED DEPRECIATION 929 1,110 DUE FROM MCEDA - FUTURE FUND CAMPAIG 4,477 3,258 TOTAL 5,051 3,650
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 38,577 9,762
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK FOSHEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06053398355
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0911811448
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 907
ReturnHeader/Filer/USAddress/CityNm0SIOUX FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057101
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId052DF0C8CDEF6DF1C59B0877A112BA10B98D6F2FC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId074D31EFFDC5BC3B0A2D10D09D7B3529EFA5809CE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.230.93.50
ReturnHeader/FilingSecurityInformation/IPDt02019-05-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:08:41
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460398923
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOLTMAN GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07001 S LYNCREST PLACE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0571082599
ReturnHeader/PreparerPersonGrp/PhoneNum06053611200
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAWN Q BLOM
ReturnHeader/ReturnTs02019-05-07T14:08:41-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,387
Liabilities
$9,762
Net assets
$19,625
Revenue
$88,498
Expenses
$101,667
Net income
-$13,169
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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
2018Detailed filing. Detailed filing data is available for this year.$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