BEADLE & SPINK ENTERPRISE COMMUNITY INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- BEADLE & SPINK ENTERPRISE COMMUNITY INC (EIN 46-0438143)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202003219349318765
- Schema version
- 2019v5.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T16:03:03-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | BRIAN HULL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6056356165 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JASON F RUBISH | PreparerPersonNm |
| PTIN | P00056710 | PTIN |
| Phone | 6053528719 | PhoneNum |
| Preparation | 2020-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 52.38.98.93 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 16:03:03 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 315617DD8AEAA661E87AB88E0DB6B0CBD2670E6F | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 279B3432F49CA258CD37AF8866C63364AD392061 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRIAN HULL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 139 | AddressLine1Txt |
| City | TULARE | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57476 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $332,645 | 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 | 3 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $68,976 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,500 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $318,818 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $320,984 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$4,786 | PYInvestmentIncomeAmt |
| CY Investment Income | -$39 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,714 | PYOtherRevenueAmt |
| CY Other Revenue | $4,294 | CYOtherRevenueAmt |
| PY Total Revenue | $388,722 | PYTotalRevenueAmt |
| CY Total Revenue | $330,739 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $160,508 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $120,716 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $205,664 | PYOtherExpensesAmt |
| CY Other Expenses | $130,153 | CYOtherExpensesAmt |
| PY Total Expenses | $366,172 | PYTotalExpensesAmt |
| CY Total Expenses | $250,869 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $22,550 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $79,870 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,453,966 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,581,466 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,545,932 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,593,562 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,908,034 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,987,904 | 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 | $188,277 | ExpenseAmt |
| Revenue | $320,984 | RevenueAmt |
| Desc | RURAL AND ECONOMIC DEVELOPMENT | Desc |
| Total Program Service Expenses | $188,277 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | 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 | false | 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 | 98 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3 | 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 | BRIAN HULL | PersonNm |
| Phone | 6056356165 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 139 | AddressLine1Txt |
| City | TULARE | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57476 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| LEANNE BAWEK | |||||
| VICE PRESIDE | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JIM HULBERT | |||||
| TRUSTEE/DIRE | Yes (X) | $0 | $0 | $0 | |
| JOSH KOGEL | |||||
| TRUSTEE/DIRE | Yes (X) | $0 | $0 | $0 | |
| DANE LAMBERT | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| TOM MARTIN | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| JOHN TSCHETTER | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| GARY DECKERT | |||||
| SECRETARY/TR | Yes (X) | $0 | $0 | $0 | |
| BRIAN HULL | |||||
| PRESIDENT | Yes (X) | $0 | $0 | $0 | |
| 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 | $5,500 | AllOtherContributionsAmt |
| Total Contributions | $5,500 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| INTEREST FROM LOAN | $295,832 | $295,832 |
| MISCELLANEOUS INCOME | $16,287 | $16,287 |
| MANAGEMENT FEE | $8,865 | $8,865 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $320,984 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$39 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$40 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $6,200 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,906 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $4,294 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,294 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,294 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $330,739 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $325,238 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,388 | TotalAmt |
| Program Services | $17,559 | ProgramServicesAmt |
| Management And General | $6,829 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,258 | TotalAmt |
| Program Services | $46,266 | ProgramServicesAmt |
| Management And General | $17,992 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,571 | TotalAmt |
| Program Services | $1,851 | ProgramServicesAmt |
| Management And General | $720 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,640 | TotalAmt |
| Program Services | $17,741 | ProgramServicesAmt |
| Management And General | $6,899 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,859 | TotalAmt |
| Program Services | $3,498 | ProgramServicesAmt |
| Management And General | $1,361 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,008 | TotalAmt |
| Program Services | $4,326 | ProgramServicesAmt |
| Management And General | $1,682 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,592 | TotalAmt |
| Program Services | $8,346 | ProgramServicesAmt |
| Management And General | $3,246 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,563 | TotalAmt |
| Program Services | $1,845 | ProgramServicesAmt |
| Management And General | $718 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,025 | TotalAmt |
| Program Services | $4,338 | ProgramServicesAmt |
| Management And General | $1,687 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,389 | TotalAmt |
| Program Services | $3,880 | ProgramServicesAmt |
| Management And General | $1,509 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,269 | TotalAmt |
| Program Services | $3,074 | ProgramServicesAmt |
| Management And General | $1,195 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,916 | TotalAmt |
| Program Services | $2,100 | ProgramServicesAmt |
| Management And General | $816 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,557 | TotalAmt |
| Program Services | $5,557 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,774 | TotalAmt |
| Management And General | $4,774 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| DAKOTA RESOURCES INTEREST | $27,750 | $27,750 | |
| REED INTEREST EXPENSE | $8,383 | $8,383 | |
| FEES | $7,627 | $5,491 | $2,136 |
| OTHER REAL ESTATE | $7,576 | $7,576 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,724 | TotalAmt |
| Program Services | $26,272 | ProgramServicesAmt |
| Management And General | $3,452 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250,869 | TotalAmt |
| Program Services | $188,277 | ProgramServicesAmt |
| Management And General | $62,592 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $316,207 | BOYAmt |
| EOY | $331,288 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $361,914 | BOYAmt |
| EOY | $646,768 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,464 | BOYAmt |
| EOY | $16,773 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,525,808 | BOYAmt |
| EOY | $5,349,900 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,178 | BOYAmt |
| EOY | $2,534 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $147,517 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $63,869 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,109 | BOYAmt |
| EOY | $83,648 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,488 | BOYAmt |
| EOY | $26,449 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,798 | BOYAmt |
| EOY | $124,106 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,453,966 | BOYAmt |
| EOY | $6,581,466 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,029 | BOYAmt |
| EOY | $29,815 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,474,063 | BOYAmt |
| EOY | $1,527,984 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,840 | BOYAmt |
| EOY | $35,763 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,545,932 | BOYAmt |
| EOY | $1,593,562 | 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 | $4,462,181 | BOYAmt |
| EOY | $4,526,354 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $445,853 | BOYAmt |
| EOY | $461,550 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,908,034 | BOYAmt |
| EOY | $4,987,904 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,453,966 | BOYAmt |
| EOY | $6,581,466 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $79,870 | 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 Minus3 Years | $387,827 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,616 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,976 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,500 | CurrentTaxYearAmt |
| Total | $482,919 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $387,827 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,616 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,976 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,500 | CurrentTaxYearAmt |
| Total | $482,919 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $482,919 | PublicSupportTotal170Amt |
| Total Support | $482,919 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $949,912 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 1.00000 | PublicSupportCY170Pct |
| Public Support PY170 | 1.00000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $680 | OtherCostOrOtherBasisAmt |
| Book Value | $680 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $52,404 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,526 | DepreciationAmt |
| Book Value | $47,878 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,893 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,450 | DepreciationAmt |
| Book Value | $20,443 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,540 | OtherCostOrOtherBasisAmt |
| Depreciation | $40,893 | DepreciationAmt |
| Book Value | $14,647 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $83,648 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CASH BAL. HELD ON BEHALF OF OTHERS | Desc |
| Amt | $35,763 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $35,763 | TotalLiabilityAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN TSCHETTER - HOME MORTGAGE | PersonNm |
| Relationship With Org | DIRECTOR | RelationshipWithOrgTxt |
| Loan Purpose | HOME MORTGAGE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $47,000 | OriginalPrincipalAmt |
| Balance Due | $16,773 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $16,773 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 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. |
| FORM 990, PART IX, LINE 24E | CHANGE PROV FOR LOAN LOSS 6,543 0 0 USDA INTEREST EXPENSE 4,698 0 0 GRANTS 4,070 0 0 TELEPHONE 2,648 1,030 0 MISCELLANEOUS 2,143 834 0 EQUIPMENT 1,440 560 0 CONSULTANT 1,080 420 0 LOAN FEE AMORTIZATION 1,302 0 0 REPAIRS 672 262 0 COMMUNITY DEVELOPMENT 786 0 0 POSTAGE AND SHIPPING 518 201 0 VEHICLE EXPENSES 372 145 0 TOTAL 26,272 3,452 0 |
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