BEADLE & SPINK ENTERPRISE COMMUNITY INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: BEADLE & SPINK ENTERPRISE COMMUNITY INC (EIN 46-0438143)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-15
IRS object ID: 202313199349326116
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule L
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-15T18:04:25-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	460343693	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SNOW HUETHER & COYLE	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1620 DAKOTA AVE S PO BOX 837	AddressLine1Txt
City	HURON	CityNm
State Abbreviation	SD	StateAbbreviationCd
ZIP	573500837	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	460438143	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BEADLE & SPINK ENTERPRISE COMMUNITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BEAD	BusinessNameControlTxt
Phone	6056356165	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 45	AddressLine1Txt
City	DOLAND	CityNm
State Abbreviation	SD	StateAbbreviationCd
ZIP	574360405	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LEANNE BAWEK	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	6056356165	PhoneNum
Signature	2023-11-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	LEANNE	PersonFirstNm
Person Last	BAWEK	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JASON F RUBISH	PreparerPersonNm
PTIN	P00056710	PTIN
Phone	6053528719	PhoneNum
Preparation	2023-11-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	LEANNE BAWEK	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40320 176TH STREET	AddressLine1Txt
City	DOLAND	CityNm
State Abbreviation	SD	StateAbbreviationCd
ZIP	57436	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$300,314	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.BASEC.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1995	FormationYr
Legal Domicile State	SD	LegalDomicileStateCd
Activity Or Mission	RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	4	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$14,005	PYContributionsGrantsAmt
CY Contributions Grants	$33,500	CYContributionsGrantsAmt
PY Program Service Revenue	$298,045	PYProgramServiceRevenueAmt
CY Program Service Revenue	$253,939	CYProgramServiceRevenueAmt
PY Investment Income	-$31,532	PYInvestmentIncomeAmt
CY Investment Income	$1,590	CYInvestmentIncomeAmt
PY Other Revenue	$8,385	PYOtherRevenueAmt
CY Other Revenue	$2,410	CYOtherRevenueAmt
PY Total Revenue	$288,903	PYTotalRevenueAmt
CY Total Revenue	$291,439	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$135,339	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$92,492	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$117,168	PYOtherExpensesAmt
CY Other Expenses	$115,326	CYOtherExpensesAmt
PY Total Expenses	$252,507	PYTotalExpensesAmt
CY Total Expenses	$207,818	CYTotalExpensesAmt
PY Revenues Less Expenses	$36,396	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$83,621	CYRevenuesLessExpensesAmt
Total Assets BOY	$6,256,564	TotalAssetsBOYAmt
Total Assets EOY	$6,239,975	TotalAssetsEOYAmt
Total Liabilities BOY	$1,128,497	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,028,287	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$5,128,067	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$5,211,688	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$147,629	ExpenseAmt
Revenue	$254,929	RevenueAmt
Desc	RURAL AND ECONOMIC DEVELOPMENT	Desc
Total Program Service Expenses	$147,629	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	76	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	4	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	8	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	LEANNE BAWEK	PersonNm
Phone	6056356165	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 45	AddressLine1Txt
City	DOLAND	CityNm
State Abbreviation	SD	StateAbbreviationCd
ZIP	57436	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
SHELLY BINGER
DIRECTOR	1.00	Yes (X)	$0	$0	$0
BAILEY COATS
DIRECTOR	1.00	Yes (X)	$0	$0	$0
TONY HAARSTAD
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JIM HULBERT
DIRECTOR	1.00	Yes (X)	$0	$0	$0
KATHY MICHEEL
DIRECTOR	1.00	Yes (X)	$0	$0	$0
LEANNE BAWEK
PRESIDENT	1.00		$0	$0	$0	Yes (X)
DANE LAMBERT
VICE PRESIDE	1.00		$0	$0	$0	Yes (X)
JOHN TSCHETTER
SECRETARY/TR	1.00		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
All Other Contributions	$33,500	AllOtherContributionsAmt
Noncash Contributions	$33,500	NoncashContributionsAmt
Total Contributions	$33,500	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST FROM LOAN	$234,364	$234,364
MISCELLANEOUS INCOME	$10,131	$10,131
MANAGEMENT FEE	$9,444	$9,444

Field	Value	IRS element (for citing)
Total Program Service Revenue	$253,939	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$990	TotalRevenueColumnAmt
Related Or Exempt Func Income	$990	RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$7,785	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$5,375	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$2,410	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,410	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,410	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$4,100	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$3,500	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$600	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$600	TotalRevenueColumnAmt
Related Or Exempt Func Income	$600	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$291,439	TotalRevenueColumnAmt
Related Or Exempt Func Income	$257,939	RelatedOrExemptFuncIncomeAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$66,883	TotalAmt
Program Services	$48,156	ProgramServicesAmt
Management And General	$18,727	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,031	TotalAmt
Program Services	$1,462	ProgramServicesAmt
Management And General	$569	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$19,892	TotalAmt
Program Services	$14,322	ProgramServicesAmt
Management And General	$5,570	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,686	TotalAmt
Program Services	$2,654	ProgramServicesAmt
Management And General	$1,032	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,042	TotalAmt
Program Services	$750	ProgramServicesAmt
Management And General	$292	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$13,171	TotalAmt
Program Services	$9,483	ProgramServicesAmt
Management And General	$3,688	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$5,960	TotalAmt
Program Services	$4,291	ProgramServicesAmt
Management And General	$1,669	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,197	TotalAmt
Program Services	$3,742	ProgramServicesAmt
Management And General	$1,455	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$6,668	TotalAmt
Program Services	$4,801	ProgramServicesAmt
Management And General	$1,867	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$3,038	TotalAmt
Program Services	$2,187	ProgramServicesAmt
Management And General	$851	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,529	TotalAmt
Program Services	$1,101	ProgramServicesAmt
Management And General	$428	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$7,493	TotalAmt
Program Services	$7,493	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$4,896	TotalAmt
Management And General	$4,896	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
CONSULTANT	$50,323	$36,233	$14,090
DAKOTA RESOURCES INTEREST	$18,500	$18,500
REED INTEREST EXPENSE	$7,233	$7,233
FEES	$7,021	$5,055	$1,966

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	-$16,745	TotalAmt
Program Services	-$19,834	ProgramServicesAmt
Management And General	$3,089	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$207,818	TotalAmt
Program Services	$147,629	ProgramServicesAmt
Management And General	$60,189	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$636,189	BOYAmt
EOY	$1,192,625	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$863,746	BOYAmt
EOY	$771,296	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$45,169	BOYAmt
EOY	$35,275	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$4,571,803	BOYAmt
EOY	$3,929,090	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,131	BOYAmt
EOY	$3,503	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$232,245	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$80,070	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$89,547	BOYAmt
EOY	$152,175	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$46,979	BOYAmt
EOY	$156,011	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,256,564	BOYAmt
EOY	$6,239,975	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$9,263	BOYAmt
EOY	$3,477	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$1,098,921	BOYAmt
EOY	$1,006,745	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$20,313	BOYAmt
EOY	$18,065	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,128,497	BOYAmt
EOY	$1,028,287	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,648,955	BOYAmt
EOY	$4,731,008	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$479,112	BOYAmt
EOY	$480,680	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,128,067	BOYAmt
EOY	$5,211,688	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$6,256,564	BOYAmt
EOY	$6,239,975	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$83,621	ReconcilationRevenueExpnssAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	Yes (true)	AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
FS Audited	false	FSAuditedInd
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$68,976	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,500	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,500	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$14,005	CurrentTaxYearMinus1YearAmt
Current Tax Year	$33,500	CurrentTaxYearAmt
Total	$128,481	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$68,976	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,500	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,500	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$14,005	CurrentTaxYearMinus1YearAmt
Current Tax Year	$33,500	CurrentTaxYearAmt
Total	$128,481	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$128,481	PublicSupportTotal170Amt
Total Support	$128,481	TotalSupportAmt
Gross Receipts Rltd Activities	$1,536,003	GrossReceiptsRltdActivitiesAmt
Public Support CY170	1.00000	PublicSupportCY170Pct
Public Support PY170	1.00000	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,000	OtherCostOrOtherBasisAmt
Book Value	$1,000	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$65,866	OtherCostOrOtherBasisAmt
Depreciation	$3,692	DepreciationAmt
Book Value	$62,174	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$107,034	OtherCostOrOtherBasisAmt
Depreciation	$28,121	DepreciationAmt
Book Value	$78,913	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$58,345	OtherCostOrOtherBasisAmt
Depreciation	$48,257	DepreciationAmt
Book Value	$10,088	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$152,175	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	CASH BAL. HELD ON BEHALF OF OTHERS	Desc
Amt	$18,065	Amt

Field	Value	IRS element (for citing)
Total Liability	$18,065	TotalLiabilityAmt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
BAILEY COATS - HOME MORTGAGE
DIRECTOR	HOME MORTGAGE	Yes (X)	$29,259	$15,979	false	Yes (true)	Yes (true)
BAILEY COATS - HOME ENHANCEMENT
DIRECTOR	HOME ENHANCEMENT	Yes (X)	$18,506	$15,149	false	Yes (true)	Yes (true)
JOHN TSCHETTER - HOME MORTGAGE
DIRECTOR	HOME MORTGAGE	Yes (X)	$47,000	$4,147	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$35,275	TotalBalanceDueAmt

Schedule M IRS990ScheduleM

Real Estate Residential RealEstateResidentialGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$33,500	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSION	RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS.
FORM 990, PAGE 6, PART VI, LINE 11B	THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE IT IS SIGNED AND FILED.
FORM 990, PAGE 6, PART VI, LINE 12C	ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REPORT ANY CONFLICTS OF IN TEREST IF THEY WERE TO OCCUR. THE EXECUTIVE DIRECTOR AND BOARD MEMBERS KEE P TABS ON ANY POSSIBLE AREAS WHERE CONFLICTS OF INTEREST COULD ARISE.
FORM 990, PAGE 6, PART VI, LINE 15A	A COMMITTEE OF THE BOARD OF DIRECTORS REVIEW THE COMPENSATION FOR EXECUTIV E DIRECTOR AND PROVIDE A RECOMMENDATION, BASED UPON THE SOUTH DAKOTA DEPAR TMENT OF LABOR WAGE COMPARABILITY STUDY, TO THE BOARD OF DIRECTORS FOR APP ROVAL.
FORM 990, PAGE 6, PART VI, LINE 19	OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEME NTS ARE AVAILABLE FOR INSPECTION BY THE GENERAL PUBLIC UPON REQUEST IN OUR OFFICE.