Civic Intelligence

Utility Economic Development Association

990EZ • Fiscal year 2016 • EIN 01-0579984

Jan 01, 2016 to Dec 31, 2016 • Filed on May 31, 2017

1 Stewart CourtNewport, RI 02840

(401) 619-5167

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.28x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

0.32x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

50th percentile

2.4%

Higher net margin than 50% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

86th percentile

$50,500

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

54th percentile

4.4%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

22nd percentile

-14%

Faster revenue growth than 22% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$223,679

Up $9,470 (+4.4%) from 2015

Net Assets

Up

$160,869

Up $4,780 (+3.1%) from 2015

Liabilities

Up

$62,810

Up $4,690 (+8.1%) from 2015

Revenue

Down

$196,692

Down $32,566 (-14%) from 2015

Expenses

Up

$191,912

Up $1,216 (+0.6%) from 2015

Net Income

Down

$4,780

Down $33,782 (-88%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $182,613Liabilities 2010: $69,760Net Assets 2010: $112,8532010Assets 2011: $170,065Liabilities 2011: $40,810Net Assets 2011: $129,2552011Assets 2012: $173,831Liabilities 2012: $42,645Net Assets 2012: $131,1862012Assets 2013: $179,089Liabilities 2013: $56,520Net Assets 2013: $122,5692013Assets 2014: $186,962Liabilities 2014: $69,435Net Assets 2014: $117,5272014Assets 2015: $214,209Liabilities 2015: $58,120Net Assets 2015: $156,0892015Assets 2016: $223,679Liabilities 2016: $62,810Net Assets 2016: $160,8692016Assets 2017: $248,692Liabilities 2017: $70,405Net Assets 2017: $178,2872017Assets 2018: $273,796Liabilities 2018: $70,260Net Assets 2018: $203,5362018Assets 2019: $254,482Liabilities 2019: $57,420Net Assets 2019: $197,0622019Assets 2020: $239,610Liabilities 2020: $63,927Net Assets 2020: $175,6832020Assets 2021: $183,406Liabilities 2021: $28,380Net Assets 2021: $155,0262021Assets 2022: $193,990Liabilities 2022: $75,687Net Assets 2022: $118,3032022Assets 2023: $170,459Liabilities 2023: $79,060Net Assets 2023: $91,3992023Assets 2024: $204,686Liabilities 2024: $83,380Net Assets 2024: $121,3062024

Highlighted filing

2016

Assets$223,679
Liabilities$62,810
Net Assets$160,869

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2010: $137,855Expenses 2010: $142,102Net Income 2010: -$4,2472010Expenses 2011: $188,6492011Revenue 2012: $194,246Expenses 2012: $192,315Net Income 2012: $1,9312012Revenue 2013: $188,414Expenses 2013: $197,031Net Income 2013: -$8,6172013Revenue 2014: $194,231Expenses 2014: $199,273Net Income 2014: -$5,0422014Revenue 2015: $229,258Expenses 2015: $190,696Net Income 2015: $38,5622015Revenue 2016: $196,692Expenses 2016: $191,912Net Income 2016: $4,7802016Revenue 2017: $223,178Expenses 2017: $205,760Net Income 2017: $17,4182017Revenue 2018: $221,053Expenses 2018: $195,804Net Income 2018: $25,2492018Revenue 2019: $210,151Expenses 2019: $216,625Net Income 2019: -$6,4742019Revenue 2020: $140,166Expenses 2020: $161,545Net Income 2020: -$21,3792020Revenue 2021: $156,637Expenses 2021: $177,294Net Income 2021: -$20,6572021Revenue 2022: $181,967Expenses 2022: $218,690Net Income 2022: -$36,7232022Revenue 2023: $231,084Expenses 2023: $257,988Net Income 2023: -$26,9042023Revenue 2024: $343,370Expenses 2024: $313,463Net Income 2024: $29,9072024

Highlighted filing

2016

Revenue$196,692
Expenses$191,912
Net Income$4,780
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 31, 2017
Return Version
2016v3.0
Gross Receipts
$196,692
Mission and Program Overview

Mission

Provide educational and networking opportunities for economic development of certain utilities

Program Services

DescriptionGrantsExpenses
Winter Forum- held March 7-9, 2016 in West Palm Beach, Florida. With the theme "Converting Change into Economic Development Success" 67 utility economic developers and associate members heard presentations on innovative and successful economic development strategies. Sessions included: Succesfule Engagement in the Connected Era -Site Selector Panel - Successful Regional Economic Development Models - The Impact of Regulatory Planning - The U.S. Economy & Competitiveness - FEMA & the Utility Role - Fleet Performance Diagnostics Center & Solar Living Lab - Successful Cooperation with Legislators. A Membership Meeting was also conducted.$45,233-
Summer Forum - held July 25-27, 2016 in Boise, Idaho. With the theme "Driving Economic Growth through Regional Entrepreneurship" 57 utility economic developers and associate members heard presentations on a variety of economic development ideas to strengthen the regional economy and improve job growth through regional entrepreneurship. Sessions included: The Economy & Where it's Headed - Northwest Trends with National Implications - Economic Development Megatrends - How about those Potatoes - Sustaining Utilities with Disruptive Technologies - Datacenter 201 - From Dirt to Table - Tour of JUMP Innovation Center - Site Readiness or Site Certification. A Membership Meeting was also conducted.$26,617-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT AGNEWExecutive DirecPT$50,500-$50,500
CHRISTINA AGNEWManaging DirectPT$50,500-$50,500
STUART AMESDirector-$0--
MIKE KEARNEYDirector-$0--
BRIAN LENZDirector-$0--
MARK KINGVice PresidentPT$0--
SAM RICHARDSONDirector-$0--
DARNITA BRADLEYDirector-$0--
RICK EDWARDSSecretaryPT$0--
JOHN ENGELMANNPresidentPT$0--
NANCY NORRDirector-$0--
DEBORAH GRAYDirector-$0--
TROY GAGLIANODirector-$0--
STEVEN SHUPPDirector-$0--
AMMANUEL MOOREDirector-$0--
DAVID HUMINICKIDirector-$0--
DAN PFEIFFERDirector-$0--
PATRICK KELLYTreasurerPT$0--
MAUREEN SHARKEYDirector-$0--
JONATHAN SANGSTERDirector-$0--
JOSEPH RUSSODirector-$0--
CRYSTAL STILESDirector-$0--
Filing and Contact Details

Filer

Filer Name
UTILITY ECONOMIC DEVELOPMENT ASSOCIATIOn
EIN
01-0579984
Phone
4016195167
Address
1 STEWART COURT, NEWPORT, RI 02840

Signing Officer

Name
Robert Agnew
Title
Executive Director
Signed
2017-05-31
Discuss with paid preparer
Yes

Preparer

Firm
Elliot Steinberg CPA Pc
Address
112 West 34th Street Floor 18, New York, NY 10120
Preparer
Elliot Steinberg
Phone
2129462668
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $2791

Other Expenses.1007

Conferences, Conventions, and Meetings $71850

Other Expenses.1010

Amortization $522

Other Expenses.1

Credit Card Processing Fees $7927

Other Expenses.2

Website maintenance $2957

Other Expenses.3

Communication expense $2565

Other Expenses.4

Member services $300

Other Assets.1005

Accounts Receivable - Beginning $18510 Accounts Receivable - Ending $11985

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $850 Prepaid Expenses and Deferred Charges - Ending $4046

Other Assets.1012

Intangible Assets - Beginning $0 Intangible Assets - Ending $8878

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $1000

Total Liabilities.1003

Deferred Revenue - Beginning $58120 Deferred Revenue - Ending $61810

Raw XML Appendix205 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Summer Forum - held July 25-27, 2016 in Boise, Idaho. With the theme "Driving Economic Growth through Regional Entrepreneurship" 57 utility economic developers and associate members heard presentations on a variety of economic development ideas to strengthen the regional economy and improve job growth through regional entrepreneurship. Sessions included: The Economy & Where it's Headed - Northwest Trends with National Implications - Economic Development Megatrends - How about those Potatoes - Sustaining Utilities with Disruptive Technologies - Datacenter 201 - From Dirt to Table - Tour of JUMP Innovation Center - Site Readiness or Site Certification. A Membership Meeting was also conducted.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Winter Forum- held March 7-9, 2016 in West Palm Beach, Florida. With the theme "Converting Change into Economic Development Success" 67 utility economic developers and associate members heard presentations on innovative and successful economic development strategies. Sessions included: Succesfule Engagement in the Connected Era -Site Selector Panel - Successful Regional Economic Development Models - The Impact of Regulatory Planning - The U.S. Economy & Competitiveness - FEMA & the Utility Role - Fleet Performance Diagnostics Center & Solar Living Lab - Successful Cooperation with Legislators. A Membership Meeting was also conducted.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $2791
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conferences, Conventions, and Meetings $71850
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Amortization $522
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Credit Card Processing Fees $7927
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Website maintenance $2957
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Member services $300
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Prepaid Expenses and Deferred Charges - Beginning $850 Prepaid Expenses and Deferred Charges - Ending $4046
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1012
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT AGNEW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UTILITY ECONOMIC DEVELOPMENT ASSOCIATIOn
ReturnHeader/Filer/BusinessNameControlTxt0UTIL
ReturnHeader/Filer/EIN0010579984
ReturnHeader/Filer/PhoneNum04016195167
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIOT STEINBERG CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0112 West 34th Street Floor 18
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010120
ReturnHeader/PreparerPersonGrp/PhoneNum02129462668
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Elliot Steinberg
ReturnHeader/ReturnTs02017-05-31T11:43:33-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.83$1.21$3.43$3.13$0.30
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.79$0.91$2.31$2.58$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.76$1.18$1.82$2.19$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.28$1.55$1.57$1.77$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.64$1.76$1.40$1.62$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.57$1.97$2.10$2.17$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$0.70$2.04$2.21$1.96$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.70$1.78$2.23$2.06$0.17
2016Detailed filing. Detailed filing data is available for this year.$2.24$0.63$1.61$1.97$1.92$0.05
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.14$0.58$1.56$2.29$1.91$0.39
2014Detailed filing. Detailed filing data is available for this year.$1.87$0.69$1.18$1.94$1.99$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.79$0.57$1.23$1.88$1.97$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.43$1.31$1.94$1.92$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.41$1.29$1.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.70$1.13$1.38$1.42$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)6 • <$500k nonprofits