Civic Intelligence

Lincoln County Economic Development Association

990EZ • Fiscal year 2019 • EIN 91-1811448

Oct 01, 2018 to Sep 30, 2019 • Filed on Dec 11, 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

90th percentile

0.44x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.10x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

27th percentile

-6.8%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

15th percentile

-22%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

13%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$22,818

Down $6,569 (-22%) from 2018

Net Assets

Down

$12,844

Down $6,781 (-35%) from 2018

Liabilities

Up

$9,974

Up $212 (+2.2%) from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin27th percentile

Revenue

Up

$99,822

Up $11,324 (+13%) from 2018

Expenses

Up

$106,603

Up $4,936 (+4.9%) from 2018

Net Income

Up

-$6,781

Up $6,388 (+49%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2019

Assets$22,818
Liabilities$9,974
Net Assets$12,844
Open 2019 Filing

Operations Trend

Revenue Growth72nd 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

2019

Revenue$99,822
Expenses$106,603
Net Income-$6,781
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Dec 11, 2019
Return Version
2018v3.1
Gross Receipts
$100,078
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.-$106,603
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICK FOSHEIMExecutive DiPT$0--
ERIC PAULIPresident-$0--
ERIC SAUGSTADVice-Preside-$0--
TODD NELSONSec./Treas.-$0--
BRANDON LANEBoard Member-$0--
SHARESE IHNENBoard Member-$0--
SAM WAGNERBoard Member-$0--
JON FRICKBoard Member-$0--
JOLE ARENDSBoard Member-$0--
CHELLEE UNRUHBoard 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
2019-12-11

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 5,567 contract fees to sfdf 99,562 golf sponsorships/expense 1,338 non-investment depreciation 136 total 106,603”

Form 990-ez, Part II, Line 24

“Equipment 1,502 596 less accumulated depreciation 1,110 596 due from mceda - future fund campaig 3,258 2,531 total 3,650 2,531”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 9,762 9,974”

Raw XML Appendix135 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/BOYAmt025737
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt020287
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt05788
IRS990EZ/CostOrOtherBasisExpenseSaleAmt0256
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6781
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt029387
IRS990EZ/Form990TotalAssetsGrp/EOYAmt022818
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-256
IRS990EZ/GrossReceiptsAmt0100078
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt040
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt094250
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt019625
IRS990EZ/NetAssetsOrFundBalancesEOYAmt012844
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt019625
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt012844
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/AverageHrsPerWkDevotedToPosRt91.00
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/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0NICK FOSHEIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ERIC PAULI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ERIC SAUGSTAD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TODD NELSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRANDON LANE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5SHARESE IHNEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6SAM WAGNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JON FRICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8JOLE ARENDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9CHELLEE UNRUH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE-PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SEC./TREAS.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt03650
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02531
IRS990EZ/OtherExpensesTotalAmt0106603
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/ProgramServiceExpensesAmt0106603
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt09762
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt09974
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0106603
IRS990EZ/TotalProgramServiceExpensesAmt0106603
IRS990EZ/TotalRevenueAmt099822
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0SIOUXFALLSDEVELOPMENT.COM/MCEDA.CFM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES EXPENSES FOR FUTURE FUND CAMP 5,567 CONTRACT FEES TO SFDF 99,562 GOLF SPONSORSHIPS/EXPENSE 1,338 NON-INVESTMENT DEPRECIATION 136 TOTAL 106,603
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EQUIPMENT 1,502 596 LESS ACCUMULATED DEPRECIATION 1,110 596 DUE FROM MCEDA - FUTURE FUND CAMPAIG 3,258 2,531 TOTAL 3,650 2,531
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 9,762 9,974
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK FOSHEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06053398355
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-11
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/AtSubmissionCreationDeviceId0CEAC8AA291842705D814F478112F2C272F42B546
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CEAC8AA291842705D814F478112F2C272F42B546
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.230.93.50
ReturnHeader/FilingSecurityInformation/IPDt02020-01-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:31:48
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/PreparationDt02020-01-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAWN Q BLOM
ReturnHeader/ReturnTs02020-01-07T16:31:48-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,818
Liabilities
$9,974
Net assets
$12,844
Revenue
$99,822
Expenses
$106,603
Net income
-$6,781
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
2019Detailed filing. Detailed filing data is available for this year.$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