BEADLE & SPINK ENTERPRISE COMMUNITY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
BEADLE & SPINK ENTERPRISE COMMUNITY INC (EIN 46-0438143)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-09
IRS object ID
202502829349301760
Schema version
2024v5.0
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

FieldValueIRS element (for citing)
Return2025-10-09T13:52:12-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN460393458PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WOHLENBERG RITZMAN & CO LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1018AddressLine1Txt
CityYANKTONCityNm
State AbbreviationSDStateAbbreviationCd
ZIP57078ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460438143EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BEADLE AND SPINK ENTERPRISEBusinessNameLine1Txt
Business Name Line2COMMUNITY INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBEADBusinessNameControlTxt
Phone6056356165PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1209 HUMPHREY DRIVE NAddressLine1Txt
CityDOLANDCityNm
State AbbreviationSDStateAbbreviationCd
ZIP57436ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEMILY RODGERSPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6056356165PhoneNum
Signature2025-10-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHLEEN DOYLEPreparerPersonNm
PTINP01322431PTIN
Phone6056654401PhoneNum
Preparation2025-09-30PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerEMILY RODGERSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 45AddressLine1Txt
CityDOLANDCityNm
State AbbreviationSDStateAbbreviationCd
ZIP57436ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$778,444GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BASEC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1995FormationYr
Legal Domicile StateSDLegalDomicileStateCd
Activity Or MissionTO PROMOTE AND SUPPORT COMMUNITY IMPROVEMENT EFFORTS. BASEC'S SHARED VISION IS THAT ITS COMMUNITIES BE HEALTHY, VITAL, AND HAVE THE CAPACITY TO PRODUCE RESULTS THEY CARE ABOUT.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$500PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$256,994PYProgramServiceRevenueAmt
CY Program Service Revenue$330,973CYProgramServiceRevenueAmt
PY Investment Income-$8,400PYInvestmentIncomeAmt
CY Investment Income$23,090CYInvestmentIncomeAmt
PY Other Revenue-$2,462PYOtherRevenueAmt
CY Other Revenue-$13,768CYOtherRevenueAmt
PY Total Revenue$246,632PYTotalRevenueAmt
CY Total Revenue$340,295CYTotalRevenueAmt
PY Grants And Similar Paid$8,059PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,158CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$99,074PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$137,294CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$255,808PYOtherExpensesAmt
CY Other Expenses$57,795CYOtherExpensesAmt
PY Total Expenses$362,941PYTotalExpensesAmt
CY Total Expenses$199,247CYTotalExpensesAmt
PY Revenues Less Expenses-$116,309PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$141,048CYRevenuesLessExpensesAmt
Total Assets BOY$7,512,386TotalAssetsBOYAmt
Total Assets EOY$8,159,423TotalAssetsEOYAmt
Total Liabilities BOY$2,423,007TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,928,996TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,089,379NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,230,427NetAssetsOrFundBalancesEOYAmt
MissionTO PROMOTE AND SUPPORT COMMUNITY IMPROVEMENT EFFORTS. BASEC'S SHARED VISION IS THAT ITS COMMUNITIES BE HEALTHY, VITAL, AND HAVE THE CAPACITY TO PRODUCE RESULTS THEY CARE ABOUT.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$130,964ExpenseAmt
Grant$4,158GrantAmt
Revenue$695,973RevenueAmt
DescBASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE,EDUCATIONAL AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. BASEC UTILIZES 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 RURAL DEVELOPMENT. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS.Desc
Total Program Service Expenses$130,964TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLEANNE BAWEKPersonNm
Phone6056356165PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line140320 176TH STREETAddressLine1Txt
CityDOLANDCityNm
State AbbreviationSDStateAbbreviationCd
ZIP57436ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
EMILY RODGERS
EXECUTIVE DI40.00Yes (X)$54,000$0$13,175
LEANNE BAWEK
PRESIDENT1.00Yes (X)$0$0$0Yes (X)
BAILEY COATS
DIRECTOR1.00$0$0$0Yes (X)
TONY HAARSTAD
DIRECTOR1.00$0$0$0Yes (X)
ADAM HAHLER
DIRECTOR1.00$0$0$0Yes (X)
JAMES HULBERT
DIRECTOR1.00$0$0$0Yes (X)
DANE LAMBERT
VICE PRESIDE1.00Yes (X)$0$0$0Yes (X)
KATHY MICHEEL
DIRECTOR1.00$0$0$0Yes (X)
MATTHEW TEEL
DIRECTOR1.00$0$0$0Yes (X)
JOHN TSCHETTER
SECRETARY/TR1.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$54,000TotalReportableCompFromOrgAmt
Total Other Compensation$13,175TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST FROM LOANS999999$295,310$295,310
MISCELLANEOUS INCOME999999$12,224$12,224
LOAN FEE INCOME999999$12,212$12,212
MANAGEMENT FEE999999$10,279$10,279
LATE FEES999999$948$948
FieldValueIRS element (for citing)
Total Program Service Revenue$330,973TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,471TotalRevenueColumnAmt
Exclusion$7,471ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$75,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$59,381OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$15,619OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,619TotalRevenueColumnAmt
Related Or Exempt Func Income$15,619RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$365,000GrossSalesOfInventoryAmt
Cost Of Goods Sold$378,768CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$13,768TotalRevenueColumnAmt
Related Or Exempt Func Income-$13,768RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$340,295TotalRevenueColumnAmt
Related Or Exempt Func Income$332,824RelatedOrExemptFuncIncomeAmt
Exclusion$7,471ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$4,158TotalAmt
Program Services$4,158ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$67,175TotalAmt
Program Services$43,664ProgramServicesAmt
Management And General$23,511ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$44,989TotalAmt
Program Services$29,242ProgramServicesAmt
Management And General$15,747ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,747TotalAmt
Program Services$1,136ProgramServicesAmt
Management And General$611ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$16,264TotalAmt
Program Services$10,572ProgramServicesAmt
Management And General$5,692ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,119TotalAmt
Program Services$4,627ProgramServicesAmt
Management And General$2,492ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$5,470TotalAmt
Program Services$3,555ProgramServicesAmt
Management And General$1,915ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$37,670TotalAmt
Program Services$24,485ProgramServicesAmt
Management And General$13,185ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,217TotalAmt
Program Services$3,391ProgramServicesAmt
Management And General$1,826ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,850TotalAmt
Program Services$3,152ProgramServicesAmt
Management And General$1,698ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$25,371TotalAmt
Program Services$16,492ProgramServicesAmt
Management And General$8,879ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,354TotalAmt
Program Services$5,410ProgramServicesAmt
Management And General$944ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,608TotalAmt
Program Services$1,045ProgramServicesAmt
Management And General$563ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$4,115TotalAmt
Program Services$2,674ProgramServicesAmt
Management And General$1,441ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$97,570TotalAmt
Program Services$63,420ProgramServicesAmt
Management And General$34,150ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,067TotalAmt
Program Services$9,144ProgramServicesAmt
Management And General$4,923ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,969TotalAmt
Management And General$1,969ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
LOAN LOSS EXPENSE$38,068$24,744$13,324
MISCELLANEOUS EXPENSE$12,861$8,360$4,501
COMMUNITY DEVELOPMENT$368$239$129
PRIOR YEAR ADJUSTMENT-$197,763-$128,546-$69,217

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$199,247TotalAmt
Program Services$130,964ProgramServicesAmt
Management And General$68,283ManagementAndGeneralAmt
Fundraising$0FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,333,689BOYAmt
EOY$2,197,097EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$18,106EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$29,607BOYAmt
EOY$19,511EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$4,664,594BOYAmt
EOY$5,774,996EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$311,286BOYAmt
EOY$47,050EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,480BOYAmt
EOY$3,480EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$171,084LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$99,625LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$144,905BOYAmt
EOY$71,459EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$24,825BOYAmt
EOY$27,724EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,512,386BOYAmt
EOY$8,159,423EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$8,648BOYAmt
EOY$11,241EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,389,708BOYAmt
EOY$2,916,545EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$24,651BOYAmt
EOY$1,210EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,423,007BOYAmt
EOY$2,928,996EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,691,463BOYAmt
EOY$4,660,426EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$397,916BOYAmt
EOY$570,001EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,089,379BOYAmt
EOY$5,230,427EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,512,386BOYAmt
EOY$8,159,423EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$141,048ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,005CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$33,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$500CurrentTaxYearMinus1YearAmt
Total$54,505TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,005CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$33,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$500CurrentTaxYearMinus1YearAmt
Total$54,505TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$54,505PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$7,471CurrentTaxYearAmt
Total$7,471TotalAmt
FieldValueIRS element (for citing)
Total Support$61,976TotalSupportAmt
Gross Receipts Rltd Activities$962,867GrossReceiptsRltdActivitiesAmt
Public Support CY1700.87950PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$107,033OtherCostOrOtherBasisAmt
Depreciation$42,391DepreciationAmt
Book Value$64,642BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$64,051OtherCostOrOtherBasisAmt
Depreciation$57,234DepreciationAmt
Book Value$6,817BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$71,459TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescTENANT DEPOSITSDesc
Amt$1,210Amt
FieldValueIRS element (for citing)
Total Liability$1,210TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$340,295TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$340,295RevenueSubtotalAmt
Total Revenue Per Form990$340,295TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$397,010TotExpnsEtcAuditedFinclStmtAmt
Prior Year Adjustments$197,763PriorYearAdjustmentsAmt
Expenses Not Reported$197,763ExpensesNotReportedAmt
Expenses Subtotal$199,247ExpensesSubtotalAmt
Total Expenses Per Form990$199,247TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 3, PART XBASEC IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO BASECS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. BASEC BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
SCHEDULE D, PAGE 4, PART XIIIDURING THE FISCAL YEAR ENDED DECEMBER 31, 2024, BASEC ADOPTED ACCOUNTING STANDARDS UPDATE (ASU) NO. 2016-13, FINANCIAL INSTRUMENTS CREDIT LOSSES (TOPIC 326): MEASUREMENT OF CREDIT LOSSES ON FINANCIAL INSTRUMENTS (COMMONLY REFERRED TO AS CECL). THIS NEW STANDARD REPLACES THE INCURRED LOSS METHODOLOGY FOR DETERMINING THE ALLOWANCE FOR DOUBTFUL ACCOUNTS WITH A CURRENT EXPECTED CREDIT LOSS MODEL. THE CECL MODEL REQUIRES THE CONSIDERATION OF REASONABLE AND SUPPORTABLE FORECASTS TO ESTIMATE LIFETIME EXPECTED CREDIT LOSSES. BASEC ADOPTED CECL USING THE MODIFIED RETROSPECTIVE METHOD. AS A RESULT, BASEC REEVALUATED ITS ALLOWANCE FOR DOUBTFUL ACCOUNTS AND DETERMINED A REDUCTION OF 197,763 IN THE ALLOWANCE WAS NECESSARY. THIS ADJUSTMENT ALSO RESULTED IN AN INCREASE OF 197,763 TO THE OPENING BALANCE OF EQUITY AS OF DECEMBER 31, 2023. THESE CHANGES ARE REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan From OrganizationLoanFromOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
BAILEY COATS - HOME MORTGAGE
DIRECTORHOME MORTGAGEYes (X)$29,259$11,564falseYes (true)Yes (true)
BAILEY COATS - HOME ENHANCEMENT
DIRECTORHOME ENHANCEMENTYes (X)$18,506$7,947falseYes (true)Yes (true)
FieldValueIRS element (for citing)
Total Balance Due$19,511TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 1, PART I, LINE 6BOARD MEMBERS SERVE WITHOUT COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 11BTHE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS SIGNED AND FILED.
FORM 990, PAGE 6, PART VI, LINE 12CALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REPORT ANY CONFLICTS OF INTEREST.
FORM 990, PAGE 6, PART VI, LINE 15AA COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND PROVIDES A RECOMMENDATION BASED ON THE SOUTH DAKOTA DEPARTMENT OF LABOR WAGE COMPARABILITY SUTDY. THE RECOMMENDATION IS APPROVED BY THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 18GUIDESTAR.COM
FORM 990, PAGE 6, PART VI, LINE 19ON REQUEST.
FORM 990, PART XIN FEBRUARY 2016, THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ISSUED NEW GUIDANCE ON THE MEASUREMENT OF CURRENT EXPECTED CREDIT LOSSES (CECL) ON FINANCIAL INSTRUMENTS. THE FASB HAS SUBSEQUENTLY ISSUED ADDITIONAL GUIDANCE AMENDING CERTAIN ASPECTS OF THE MEASUREMENT OF CECL. THE NEW GUIDANCE HAS REPLACED THE INCURRED LOSS METHODOLOGY OF RECOGNIZING CREDIT LOSSES ON FINANCIAL INSTRUMENTS WITH A METHODOLOGY THAT ESTIMATES THE EXPECTED CREDIT LOSS ON FINANCIAL INSTRUMENTS AND REFLECTS THE NEW AMOUNT EXPECTED TO BE COLLECTED ON THE FINANCIAL INSTRUMENTS. BASEC ADOPTED THIS CHANGE IN THE ACCOUNTING PRINCIPLE AS OF THE FIRST DAY OF THE FISCAL YEAR

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.