2025-03-24T09:24:44-05:00 2024-09-30 420941961 KING REINSCH PROSSER & CO LLP 522 4TH STREET SUITE 200 SIOUX CITY IA 51101 990 2023-10-01 421150060 SIOUXLAND ECONOMIC DEVELOPMENT CORPORATION SIOU 7122796430 617 PIERCE ST SUITE 202 SIOUX CITY IA 51101 JACQUELINE NOHR EXECUTIVE VICE PRESIDENT 7122796430 2025-03-23 1 1 REBECCA GEORGE P01228245 7122585550 2025-03-23 2023 2025-03-06 01:10:19Z JACQUELINE NOHR 617 PIERCE ST SUITE 202 SIOUX CITY IA 51101 991613 0 X WWW.SIOUXLANDEDC.COM X 1979 IA TO FURTHER THE ECONOMIC DEVELOPMENT OF THE SIOUXLAND AREA THROUGH THE CREATION OF JOBS, BY ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESSES. 23 23 5 23 0 0 35509 122453 681527 671821 144007 197339 0 0 861043 991613 28860 22110 0 0 459162 442332 0 0 0 259957 313356 747979 777798 113064 213815 4913356 5152007 213063 237899 4700293 4914108 TO FURTHER THE ECONOMIC DEVELOPMENT OF THE SIOUXLAND AREA THROUGH THE CREATION OF JOBS, BY ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESSES. 0 0 643385 22110 671821 MAKING LOANS TO BUSINESSES TO MEET OBJECTIVES OF SEDC, WHICH INCLUDE FURTHERING ECONOMIC DEVELOPMENT IN THE AREA, PROMOTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS AND STIMULATING BUSINESS OPPORTUNITY. 643385 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ADAM TURNER 7122796430 617 PIERCE STREET SUITE 202 SIOUX CITY IA 51101 DUSTY SMALL CHAIR 1.00 X X 0 0 0 DON KLYNSMA VICE-CHAIR 1.00 X X 0 0 0 RANDALL KRAMER SECRETARY 1.00 X X 0 0 0 KENT KOLBE TREASURER 1.00 X X 0 0 0 SARAH HAMANN DIRECTOR 1.00 X 0 0 0 RON JONES DIRECTOR 1.00 X 0 0 0 ART SILVA DIRECTOR 1.00 X 0 0 0 JON WILCKE DIRECTOR 1.00 X 0 0 0 JOELI DOKTER DIRECTOR 1.00 X 0 0 0 KIANA JOHNSON DIRECTOR 1.00 X 0 0 0 MIKE BROEK DIRECTOR 1.00 X 0 0 0 TIMM FUNK DIRECTOR 1.00 X 0 0 0 CHANCE BERNSTRAUCH DIRECTOR 1.00 X 0 0 0 KAYLEE JOHNSON DIRECTOR 1.00 X 0 0 0 MARK GAUL DIRECTOR 1.00 X 0 0 0 BRANDON KROTZ DIRECTOR 1.00 X 0 0 0 DARWIN GAMM DIRECTOR 1.00 X 0 0 0 ANGEL WALLACE DIRECTOR 1.00 X 0 0 0 TERRY KREI DIRECTOR 1.00 X 0 0 0 ALEX WATTERS DIRECTOR 1.00 X 0 0 0 KEITH RADIG DIRECTOR 1.00 X 0 0 0 ANDY SCHMIDT DIRECTOR 1.00 X 0 0 0 JEFF EATON DIRECTOR 1.00 X 0 0 0 JACQUELINE NOHR EXECUTIVE VICE PRESIDENT 40.00 X 95000 0 32312 95000 0 32312 0 0 0 0 0 79328 43125 122453 LOAN SERVICING FEES 900099 449761 449761 INTEREST ON LOANS 900099 151340 151340 LOAN PROCESSING FEES 900099 56889 56889 REIMBURSEMENT OF LOAN 900099 13831 13831 671821 197339 197339 991613 671821 0 197339 22110 22110 138145 103608 34537 241225 233134 8091 36518 36027 491 26444 23828 2616 20731 20731 18500 18500 2615 2615 15383 6940 8443 48981 36736 12245 999 999 1890 1890 10624 10624 15520 15520 PROVISION FOR LOAN LOSS 120000 120000 DUES 25399 25399 LOAN CLOSING COSTS 11252 11252 LOAN SERVICING EXPENSE 11034 11034 10428 10428 777798 643385 134413 0 29573 85387 1828067 1694073 3628 777 2709055 3093575 60500 0 429170 176864 262929 252306 19604 25889 4913356 5152007 44833 84967 168230 152932 213063 237899 X 2560198 2677565 2140095 2236543 4700293 4914108 4913356 5152007 213815 0 X X 0 1 X 1 1 1 353332 102319 251013 75838 74545 1293 252306 991613 0 991613 0 991613 777798 0 777798 0 777798 1 SIOUXLAND INITIATIVE 101 PIERCE STREET SIOUX CITY IA 51101 421328697 501(C)(6) 5500 0 TO SUPPORT SIOUXLAND INITIATIVE'S REGIONAL ECONOMIC DEVELOPMENT EFFORTS. 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY JACQUELINE NOHR, EXECUTIVE VICE PRESIDENT, ADAM TURNER, PORTFOLIO MANAGER, AND THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONSTANTLY MONITORS TO ENSURE THAT INDIVIDUALS WITH A CONFLICT ARE NOT INVOLVED WITH PROJECTS FOR WHICH THEY HAVE CONFLICTS. THIS PERIODICALLY MAY REQUIRE ADJUSTMENTS TO THE INDIVIDUAL BOARD MEMBERS PARTICIPATING IN LOAN OR SERVICING COMMITTEE MEETINGS, SHOULD THE CONFLICT INVOLVE A MEMBER OF ONE OF THOSE COMMITTEES. BOARD MEMBERS ARE REMINDED AT EACH MEETING OF BOTH THE NEED FOR CONFIDENTIALITY FOR THE INFORMATION THEY ARE REVIEWING AND ALSO ASKED IF THERE ARE ANY CONFLICTS OF INTEREST WITH ANY OF THE MATTERS DISCUSSED. IF A BOARD MEMBER HAS A CONFLICT IT IS NOTED IN THE MINUTES AND THE BOARD MEMBER DOES NOT VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE ANNUALLY REVIEWS THE PERFORMANCE OF THE ORGANIZATION AND APPROVES THE SALARY AND ANY PERFORMANCE BONUS OF EXECUTIVE AND NON-ADMINISTRATIVE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.