Region Xii Development Corporation
- Assets
- $6.5m
- Revenue
- $396.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Carroll, IA
- Founding
- 12/1995
- Data as of
- 06/2022
- EIN
- 42-1440514
Organization Overview
Region Xii Development Corporation is located in Carroll, IA. The organization was established in 1995. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Region Xii Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Region Xii Development Corporation generated $396.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $103.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (25.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN THE INCREASED ECONOMIC ACTIVITY IN WEST CENTRAL IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID, PROMOTE, AND STIMULATE BUSINESS OPPORTUNITIES AND DEVELOPMENT WITHIN THE REGION XII AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Muir Treasurer | OfficerTrustee | 0 | $0 |
Ranell Drake Secretary | OfficerTrustee | 0 | $0 |
Eric Skoog Chairperson | OfficerTrustee | 0 | $0 |
Jack Lloyd Vice Chairperson | OfficerTrustee | 0 | $0 |
Richard Hunsaker Executive Director | Officer | 40 | $0 |
Rich Ruggles Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $292,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,365 |
| Total Program Service Revenue | $95,597 |
| Investment income | $8,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $198 |
| Office expenses | $5,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,650 |
| Travel | $2,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,560 |
| Interest | $8,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $577 |
| All other expenses | $893 |
| Total functional expenses | $103,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,943,556 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,151 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,457,217 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,502,924 |
| Accounts payable and accrued expenses | $25,761 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $996,864 |
| Other liabilities | $0 |
| Total liabilities | $1,022,625 |
| Net assets without donor restrictions | $5,480,299 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,502,924 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Region Xii Development Corporation has recieved totaling $1,100.
| Awarding Organization | Amount |
|---|---|
Pella Rolscreen Foundation Pella, IA PURPOSE: GENERAL OPERATIONS | $1,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Dairyland Economic Opportunity Council Incorporated Independence, WI | $9,371,395 | $17,670,947 |
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Community And Economic Development Associates Chatfield, MN | $1,658,001 | $2,830,781 |
Pulaski County Growth Alliance Saint Robert, MO | $34,130 | $1,396,256 |
New Covenant Community Development Chicago, IL | $1,571,797 | $1,893,496 |
Sharing Our Roots Northfield, MN | $1,750,092 | $967,957 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
Native360 Loan Fund Inc Grand Island, NE | $7,395,095 | $2,498,904 |
Door County Economic Development Corporation Sturgeon Bay, WI | $2,581,699 | $998,049 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
Center For Rural Policy And Development Mankato, MN | $628,188 | $663,588 |