North Sioux City Economic Development Corp EIN 46-0450254

North Sioux City Economic Development Corp

EIN  46-0450254 Membership association North Sioux City, SD Founded 1996
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Spurs economic growth by encouraging new businesses and improving infrastructure.
Leadership
Andrew Nilges · Executive Director · $87K
Money in and out
$278K revenue, $155K expenses
Bottom line
+44% operating surplus

Spurs economic growth by encouraging new businesses and improving infrastructure. For fiscal year 2025 it reported $278K in revenue, $155K in expenses, and $762K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$278K
Pt VIII · Ln 12
Total expenses
$155K
Pt IX · Ln 25
Net assets
$762K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $123K
Where spending went · Part IX cols B–D
Program services $0.51 Management & general $0.49
Operating surplus
+44%
revenue over expenses▲ +214% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
78%
of spending is salaries & benefits0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$278K
FY2025▲ +64%
Expenses
$155K
FY2025▲ +7%
Total assets
$3.8M
FY2025▲ +3%
Total liabilities
$3.0M
FY20250%
Total revenue
$278K
Pt VIII · Ln 12
Total expenses
$155K
Pt IX · Ln 25
Net assets
$762K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$123K
Total assetsPt X · Ln 16$3.8M
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $79K of program spending, described in the organization's own filed words · FY2025.
01

Promotion of the city of north sioux city

$79Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNorth Sioux City Economic Development Corp
EINHdr · item D46-0450254
Principal addressHdr · item CNorth Sioux City, SD
Year of formationHdr · item L1996
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJun 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$86,798Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Nilges’s $87K as Executive Director is at the 63rd percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Andrew Nilges$86,798$80,280$70,000$67,450

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$140K · 50%
Investment income$138K · 50%
Contributions & grants50%$140K
Investment income50%$138K
— government grantsLn 1e$136K
Total revenueLn 12$278K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.49
Program services51%$79K
Management & general49%$76K
Total functional expensesLn 25$155K

Balance Sheet

Part X · end of year
CashLn 1$381K
Total assetsLn 16$3.8M
Total liabilitiesLn 26$3.0M
Total net assetsLn 32$762K
Months of cash on handcomputed29.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $381K · Operating expenses/yr $155K
29.5 months
Where the money goes
Program services
Program services $79K · Total expenses $155K
51%
Management & General
Management & general $76K · Total expenses $155K
49%
Fundraising
Fundraising $0 · Total expenses $155K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $7K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $278K
50%
Government reliance
Government grants $136K · Total revenue $278K
49%
Earned-income share
Program service revenue $0 · Total revenue $278K
0%
Investment reliance
Investment income $138K · Total revenue $278K
+50%
Program self-sufficiency
Program service revenue $0 · Total expenses $155K
0%
Growth & trend
Revenue growth (YoY)
This year $278K · Prior year $169K
+64%
Revenue CAGR
FY2020 $104K · FY2025 $278K
+22%
Net-asset trend (YoY)
End of year $762K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $278K · Expenses $155K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $3.8M
Net-asset ratio
Net assets $762K · Total assets $3.8M
20%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Andrew Nilges · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $87K · Total expenses $155K
56%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $121K · Total expenses $155K
78%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 51%
Overhead ratio 49%
Revenue growth 64%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$278K revenue · viewing · ⤓ 990 PDF
FY2024$169K revenue · ⤓ 990 PDF
FY2023$145K revenue · ⤓ 990 PDF
FY2022$110K revenue · ⤓ 990 PDF
FY2021$103K revenue · ⤓ 990 PDF
FY2020$104K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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