Southeast Iowa Development Corp Inc in Burlington, Iowa (IA)

Southeast Iowa Development Corp Inc
Employer Identification Number (EIN)	421443993
Name of Organization	Southeast Iowa Development Corp Inc
Address	Burlington, IA 52601
Tax Period	2006
Asset Amount	$908,245
Amount of Income	$45,726
Form 990 Revenue Amount	$45,726
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Business and Industry

Non-representatives - add comments:

Amount of income in 2006: $45,726

Southeast Iowa Development Corp Inc:	$45,726
Other organizations performing similar types of work:	$865,236

Assets in 2006: $908,245

Southeast Iowa Development Corp Inc:	$908,245
Other organizations performing similar types of work:	$3,833,950

Expenses in 2006: $30,652

This organization:	$30,652
Other organizations performing similar types of work:	$807,985

Income to expenses ratio in 2006: 1.5

Southeast Iowa Development Corp Inc:	1.5
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2006: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	62.6%

Grants share in income in 2006: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	12.1%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Income-Producing Activities for 2006

	2000	2001	2002	2003	2004	2005	2006
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$40,043	$32,729	$173,850	$36,831	$37,037	$44,106	$45,726
Contributions, gifts, grants, and similar amounts received	$10,000	$0	$139,711	$0	$0	$0	$0
Contributions to donor advised funds							$0
Direct public support	$0	$0	$139,711	$0	$0	$0	$0
Indirect public support	$0	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$10,000	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$30,043	$32,729	$34,139	$36,831	$37,037	$43,394	$44,257
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$0	$0	$0	$0	$0	$712	$1,469
Dividends and interest from securities	$0	$0	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0
Total expenses	$31,792	$30,762	$35,470	$28,810	$4,217	$73,019	$30,652
Program services	$0	$0	$0	$0	$0	$0	$0
Management and general	$0	$0	$0	$0	$0	$0	$0
Fundraising	$0	$0	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$740,896	$742,863	$881,243	$889,264	$922,084	$893,171	$908,245
Excess or (deficit) for the year	$8,251	$1,967	$138,380	$8,021	$32,820	$-28,913	$15,074
Net assets or fund balances at beginning of year	$837,735	$740,896	$742,863	$881,243	$889,264	$922,084	$893,171
Other changes in net assets or fund balances	$-105,090	$0	$0	$0	$0	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2006)
Total functional expenses	$30,652	$0	$0	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$0	$0	$0	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$30,652	$0	$0	$0

	2000	2001	2002	2003	2004	2005	2006
Balance Sheets
Total assets	$746,678	$751,663	$893,030	$889,561	$922,084	$893,171	$908,245
Cash - non-interest-bearing	$1,781	$1,326	$0	$0	$0	$0	$0
Savings and temporary cash investments	$390,069	$202,043	$153,474	$190,388	$79,809	$57,286	$108,137
Accounts receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)							$0
Other notes and loans receivable less allowance for doubtful accounts	$354,828	$548,294	$739,556	$699,173	$842,275	$835,885	$800,108
Inventories for sale or use	$0	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$0	$0	$0	$0
Investments - publicly-traded securities							$0
Investments - other securities	$0	$0	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0
Other assets, including program-related investments	$0	$0	$0	$0	$0	$0	$0
Total liabilities	$5,782	$8,800	$11,787	$297	$0	$0	$0
Accounts payable and accrued expenses	$5,782	$8,800	$11,787	$297	$0	$0	$0
Grants payable	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0	$0
Other liabilities	$0	$0	$0	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$746,678	$751,663	$893,030	$889,561	$922,084	$893,171	$908,245
Total net assets or fund balances	$740,896	$742,863	$881,243	$889,264	$922,084	$893,171	$908,245

	2000	2001	2002	2003	2004	2005	2006
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$0	$0	$36,831	$37,037	$44,106	$45,726
Total revenue, gains, and other support per audited financial statements	$0	$0	$0	$36,831	$37,037	$44,106	$45,726
Other expenses	$0	$0	$0	$0	$0	$0	$0
Net unrealized gains on investments	$0	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0

	2000	2001	2002	2003	2004	2005	2006
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$0	$0	$28,810	$4,217	$73,019	$30,652
Total expenses and losses per audited financial statements	$0	$0	$0	$28,810	$4,217	$73,019	$30,652
Other revenue	$0	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	No

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	No
Did the organization make only in-house lobbying expenditures of $2,000 or less?	No
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2006)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$45,726	$0
Program service revenue
Program service revenue 1	000000	$0	Gross income from an unrelated activity that is regularly carried on but, in light of continuous losses sustained over a number of tax periods, cannot be regarded as being conducted with the motive to make a profit (not a trade or business)	$3,285	$0
Program service revenue 2	000000	$0	Gross income from an unrelated activity that is regularly carried on but, in light of continuous losses sustained over a number of tax periods, cannot be regarded as being conducted with the motive to make a profit (not a trade or business)	$40,972	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$1,469	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	1999	2000	2001	2002	2003	2004	2005
Support Schedule
Total	$0	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Conference Board Inc	845 Third Avenue 5th Fl, New York, NY 10022-6601	NY	1930-11	$68,612,518
2	Southwest Initiative Foundation	15 3rd Ave Nw, Hutchinson, MN 55350-1643	MN	1986-08	$50,604,052
3	National Center For Manufacturing Sciences	3025 Boardwalk, Ann Arbor, MI 48108-3230	MI	1987-12	$22,904,339
4	Initiative Foundation	405 1st St Se, Little Falls, MN 56345-3007	MN	1986-08	$20,109,242
5	Bridgeway Capital Inc	707 Grant St 1920 Gulf Tower, Pittsburgh, PA 15219	PA	1990-08	$16,630,418
6	Grand Central Partnership Inc	122 E 42nd St Rm 601, New York, NY 10168-0699	NY	1991-06	$13,892,222
7	Battle Creek Unlimited Inc	4950 W Dickman Rd Ste A1, Battle Creek, MI 49037-7345	MI	1975-08	$12,832,497
8	The American Hotel & Lodging Educational Institute	800 N Magnolia Ave Ste 300, Orlando, FL 32803-3261	FL	1955-03	$11,678,956
9	Franklin County Development Association	5 1st St Sw, Hampton, IA 50441-1937	IA		$1,039,726
10	Grow Greater Burlington Inc	610 N 4th St Ste 200, Burlington, IA 52601-5069	IA	1972-02	$636,299
11	Clinton Regional Development Corp	144 8th Ave S, Clinton, IA 52732-4149	IA	1955-01	$529,628
12	Ecia Business Growth Inc	7600 Commerce Park, Dubuque, IA 52002-9673	IA	1984-08	$349,584
13	Better Business Bureau	Sioux City, IA 51101	IA		$189,029
14	Southeast Iowa Development Corp Inc	Burlington, IA 52601	IA		$45,726
15	Dubuque Area Industrial Development Corporation	300 Main Street Suite 120, Dubuque, IA 52001	IA	1974-03	$-12,082
16	Nevada State Development Corporation	1551 Desert Crossing Ct Ste 100, Las Vegas, NV 89144-7050	NV	2007-08	$1,657,268
17	U Street Business And Arts Coalition Inc, Midcity Business Association	1847 14th St Nw, Washington, DC 20009	DC	2001-11	$43,919
18	Inwood Community Council Incorporated	25 Indian Rd Ste 6-G, New York, NY 10034-1018	NY	2007-10	$0
19	Women Against Sexual Predators	2513 Sheila St, Franklin Park, IL 60131-3328	IL	2009-03	$0
20	Women In Private Equity, Wpe	233 S Wacker Dr Ste 1600, Chicago, IL 60606-6306	IL	2009-07	$0

Number of organizations performing similar types of work

Alabama	1
Arkansas	3
Arizona	2
California	3
Colorado	1
District of Columbia	2
Florida	3
Georgia	1
Iowa	7
Idaho	1
Illinois	7
Indiana	1
Kansas	2
Kentucky	3
Louisiana	2
Massachusetts	2
Maine	1
Michigan	2
Minnesota	5
Mississippi	1

North Carolina	4
North Dakota	1
New Hampshire	1
New Jersey	1
Nevada	1
New York	12
Ohio	5
Oklahoma	1
Oregon	1
Pennsylvania	10
Rhode Island	1
South Carolina	1
South Dakota	1
Tennessee	3
Texas	2
Virginia	3
Vermont	2
Washington	1
Wisconsin	2
West Virginia	1

Total

104

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