Civic Intelligence

Green Mountain Economic Development Corp

990 • Fiscal year 2020 • EIN 03-0284683

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 28, 2021

Organization ProfileWWW.GMEDC.COM
35 Railroad Row No 101White River Junction, VT 05001

(802) 295-3710

Siviq Scores

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

Liabilities / Assets

96th percentile

0.98x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

10.44x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Net Margin

33rd percentile

-0.3%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

13th percentile

$85,056

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Asset Growth

33rd percentile

-0.3%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

20%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$5,429,164

Down $18,713 (-0.3%) from 2019

Net Assets

Down

$123,626

Down $1,709 (-1.4%) from 2019

Liabilities

Down

$5,305,538

Down $17,004 (-0.3%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin33rd percentile

Revenue

Up

$508,211

Up $85,897 (+20%) from 2019

Expenses

Up

$509,920

Up $126,770 (+33%) from 2019

Net Income

Down

-$1,709

Down $40,873 (-104%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $69,916Liabilities 2011: $4,293Net Assets 2011: $65,6232011Assets 2012: $868,748Liabilities 2012: $834,768Net Assets 2012: $33,9802012Assets 2013: $861,323Liabilities 2013: $785,698Net Assets 2013: $75,6252013Assets 2014: $2,333,371Liabilities 2014: $2,254,431Net Assets 2014: $78,9402014Assets 2015: $2,259,570Liabilities 2015: $2,119,106Net Assets 2015: $140,4642015Assets 2016: $2,131,365Liabilities 2016: $1,995,585Net Assets 2016: $135,7802016Assets 2017: $2,081,404Liabilities 2017: $1,857,573Net Assets 2017: $223,8312017Assets 2018: $1,804,253Liabilities 2018: $1,715,082Net Assets 2018: $89,1712018Assets 2019: $5,447,877Liabilities 2019: $5,322,542Net Assets 2019: $125,3352019Assets 2020: $5,429,164Liabilities 2020: $5,305,538Net Assets 2020: $123,6262020Assets 2021: $5,306,022Liabilities 2021: $5,161,433Net Assets 2021: $144,5892021Assets 2022: $4,710,766Liabilities 2022: $4,563,455Net Assets 2022: $147,3112022Assets 2023: $5,181,111Liabilities 2023: $5,128,496Net Assets 2023: $52,6152023Assets 2024: $5,245,114Liabilities 2024: $5,154,687Net Assets 2024: $90,4272024

Highlighted filing

2020

Assets$5,429,164
Liabilities$5,305,538
Net Assets$123,626
Open 2020 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $147,516Expenses 2011: $163,998Net Income 2011: -$16,4822011Expenses 2012: $189,4032012Revenue 2013: $228,380Expenses 2013: $186,735Net Income 2013: $41,6452013Revenue 2014: $312,090Expenses 2014: $308,775Net Income 2014: $3,3152014Revenue 2015: $345,940Expenses 2015: $284,416Net Income 2015: $61,5242015Revenue 2016: $295,956Expenses 2016: $300,640Net Income 2016: -$4,6842016Revenue 2017: $366,562Expenses 2017: $278,511Net Income 2017: $88,0512017Revenue 2018: $271,206Expenses 2018: $405,866Net Income 2018: -$134,6602018Revenue 2019: $422,314Expenses 2019: $383,150Net Income 2019: $39,1642019Revenue 2020: $508,211Expenses 2020: $509,920Net Income 2020: -$1,7092020Revenue 2021: $591,712Expenses 2021: $570,749Net Income 2021: $20,9632021Revenue 2022: $1,150,206Expenses 2022: $1,147,484Net Income 2022: $2,7222022Revenue 2023: $531,677Expenses 2023: $626,373Net Income 2023: -$94,6962023Revenue 2024: $674,411Expenses 2024: $636,599Net Income 2024: $37,8122024

Highlighted filing

2020

Revenue$508,211
Expenses$509,920
Net Income-$1,709
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 28, 2021
Return Version
2019v5.2
Gross Receipts
$508,211
Mission and Program Overview

Mission

To foster and develop economic vitality and prosperity consistent with the goals of the communities we serve.

To foster and develop economic vitality and prosperity consistent with the goals of the communities we serve. The organization can assist with the sorting out of development problems, goals and initiatives. This may include brownfields remediation, new sewer or water requirements, downtown or village designation, etc. And other assistance as needed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,805,999$4,791,525▼ $14,474
Receivables From Officers Etc$480,499$429,273▼ $51,226
Cash and Non-Interest-Bearing Accounts$105,884$89,981▼ $15,903
Accounts Receivable$7,438$24,212▲ $16,774
Pledges and Grants Receivable$15,000$15,000→ $0
Savings and Temporary Cash Investments$7,218$12,718▲ $5,500
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$5,447,877$5,429,164▼ $18,713
Other Assets Total$25,839$66,455▲ $40,616
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,286,498$5,220,798▼ $65,700
Other Liabilities$25,084$68,140▲ $43,056
Accounts Payable and Accrued Expenses$10,960$16,600▲ $5,640
Total Liabilities$5,322,542$5,305,538▼ $17,004
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$95,335$93,626▼ $1,709
Net Assets With Donor Restrictions$30,000$30,000→ $0
Total Net Assets Fund Balance$125,335$123,626▼ $1,709
Total Liabilities and Net Assets / Fund Balance$5,447,877$5,429,164▼ $18,713

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$15,276$15,276
Other Land Buildings$0$1,316$1,316
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert Haynes JrExecutive DirectorFT$85,056$85,056

Board Members and Trustees

NameTitle
Joseph BoydChairman
Lisa HendersonVice-chair
Cathy TempestaTrustee
James MaslandTrustee
Ken CadowTrustee
Monique PriestlyTrustee
Patricia MoultonTrustee
Peter SchaalTrustee
Steve ReidTrustee
Edwin ChildsSecretary
Russell NorthTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,689
Program Service Revenue
$340,520
Investment Income
$2
Other Revenue
$0
All Other Contributions
$20,462
Change in Net Assets
$-1,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$508,211
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$508,211
Total Revenue per Form 990
$508,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$349,049
Salaries, Compensation, and Employee Benefits$160,871
Total Fundraising Expense$8,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$202,285--$202,285
Current Officers, Directors, Trustees, and Key Employees$72,298$8,505$4,253$85,056
Other Salaries and Wages$48,331$5,686$2,843$56,860
Fees for Services Accounting$26,500$8,833-$35,333
Occupancy$12,664$4,221-$16,885
Payroll Taxes$9,312$1,095$548$10,955
Other Employee Benefits$6,800$800$400$8,000
Insurance$5,282$1,760-$7,042
Travel$5,659--$5,659
Information Technology$3,738$1,246-$4,984
All Other Expenses$3,417$1,268-$4,685
Office Expenses$2,680$893-$3,573
Other Expenses$1,868$622-$2,490
Conferences and Meetings$739$738-$1,477
Total Functional Expenses$464,158$37,718$8,044$509,920

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$509,920
Total Expenses per Audited Statements$509,920
Total Expenses per Form 990$509,920
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$480,499$429,273▼ $51,226
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$28,674
Accrued Pension$16,200
Accrued Payroll & Vacation$12,249
Accrued Interest Payable$11,017
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has local area businesses that are members.”

Form 990, Part VI, Section A, Line 7A

“The board of directors has the power to appoint or elect members of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Form 990 was reviewed by the executive director and treasurer prior to filing and being made available to other members of the board.”

Form 990, Part VI, Section B, Line 12C

“The executive director and board of directors monitors any conflict of interest policy periodically, and will address any conflicts at the monthly board meetings.”

Form 990, Part VI, Section B, Line 15A

“The executive directors compensation is annually approved by the board of directors at their annual meeting.”

Form 990, Part VI, Section C, Line 19

“The organization has no other documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Green Mountain Economic Development
EIN
03-0284683
Phone
8022953710
Address
35 RAILROAD ROW NO 101, WHITE RIVER JUNCTION, VT 05001

Signing Officer

Name
Erika Hoffman-kiess
Title
Executive Director
Phone
8022953710
Signed
2021-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erika Hoffman-kiess
Formed
1982
Legal Domicile
Vt
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
16

Preparer

Firm
Am Peisch & Company Llp
Address
30 CONGRESS STREET SUITE 201, SAINT ALBANS, VT 05478
Preparer
Christopher R Goulette CPA
Phone
8025270505
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“The organization has not changed its oversight process”

Financial Statement Notes

PART X, LINE 2:

“The organization does not have any unrelated business income subject to taxation. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain positions that are material to the financial statements.”

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IRS990/NetAssetsOrFundBalancesBOYAmt0125335
IRS990/NetAssetsOrFundBalancesEOYAmt0123626
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt095335
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt093626
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04221
IRS990/OccupancyGrp/ProgramServicesAmt012664
IRS990/OccupancyGrp/TotalAmt016885
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0893
IRS990/OfficeExpensesGrp/ProgramServicesAmt02680
IRS990/OfficeExpensesGrp/TotalAmt03573
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025839
IRS990/OtherAssetsTotalGrp/EOYAmt066455
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0400
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0800
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06800
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08000
IRS990/OtherExpensesGrp/Desc0PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2INTERNET & WEBSITE EXP.
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01411
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1640
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2622
IRS990/OtherExpensesGrp/ProgramServicesAmt056430
IRS990/OtherExpensesGrp/ProgramServicesAmt14234
IRS990/OtherExpensesGrp/ProgramServicesAmt21921
IRS990/OtherExpensesGrp/ProgramServicesAmt31868
IRS990/OtherExpensesGrp/TotalAmt056430
IRS990/OtherExpensesGrp/TotalAmt15645
IRS990/OtherExpensesGrp/TotalAmt22561
IRS990/OtherExpensesGrp/TotalAmt32490
IRS990/OtherLiabilitiesGrp/BOYAmt025084
IRS990/OtherLiabilitiesGrp/EOYAmt068140
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02843
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05686
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt048331
IRS990/OtherSalariesAndWagesGrp/TotalAmt056860
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04805999
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04791525
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0548
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01095
IRS990/PayrollTaxesGrp/ProgramServicesAmt09312
IRS990/PayrollTaxesGrp/TotalAmt010955
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt015000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ERIKA HOFFMAN-KIESS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - DIRE
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2SMALL BUSINESS DEVELOP
IRS990/ProgramServiceRevenueGrp/Desc3LOAN & GRANT FEE INCOM
IRS990/ProgramServiceRevenueGrp/Desc4SERVICE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0259849
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt155223
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt214000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41248
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0259849
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt155223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41248
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01166342
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-987753
IRS990/PYOtherExpensesAmt0214565
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0243725
IRS990/PYRevenuesLessExpensesAmt039164
IRS990/PYSalariesCompEmpBnftPaidAmt0168585
IRS990/PYTotalExpensesAmt0383150
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0422314
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0480499
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0429273
IRS990/ReconcilationRevenueExpnssAmt0-1709
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0340520
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07218
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012718
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015276
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015276
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0509920
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01316
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01316
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028674
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt311017
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL & VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0508211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY UNRELATED BUSINESS INCOME SUBJECT TO TAXATION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0509920
IRS990ScheduleD/TotalLiabilityAmt068140
IRS990ScheduleD/TotalRevenuePerForm990Amt0508211
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0508211
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0509920
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0429273
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0ADVANCED ILLUMINATIONS INC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FINANCING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0841500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OWNER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENTERED INTO A LEASE AGREEMENT WITH ADVANCED ILLUMINATIONS, INC. THE ORGANIZATION WILL LEASE A BUILDING TO THE AFORMENTIONED COMPANY FOR FIVE YEARS WITH THE EXPECTATION THE BUILDING WILL BE PURCHASED UPON EXPIRATION OF THE AGREEMENT. ADVANCED ILLUMINATIONS, INC. IS 40% OWNED BY BILL THRAILKILL, A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0THE PURPOSE OF THE LOAN IS A DIRECT FINANCING RECEIVABLE
IRS990ScheduleL/TotalBalanceDueAmt0429273
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS LOCAL AREA BUSINESSES THAT ARE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HAS THE POWER TO APPOINT OR ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO FILING AND BEING MADE AVAILABLE TO OTHER MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS MONITORS ANY CONFLICT OF INTEREST POLICY PERIODICALLY, AND WILL ADDRESS ANY CONFLICTS AT THE MONTHLY BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTORS COMPENSATION IS ANNUALLY APPROVED BY THE BOARD OF DIRECTORS AT THEIR ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05447877
IRS990/TotalAssetsEOYAmt05429164
IRS990/TotalAssetsGrp/BOYAmt05447877
IRS990/TotalAssetsGrp/EOYAmt05429164
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0167689
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08044
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037718
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0464158
IRS990/TotalFunctionalExpensesGrp/TotalAmt0509920
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,429,164
Liabilities
$5,305,538
Net assets
$123,626
Revenue
$508,211
Expenses
$509,920
Net income
-$1,709
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.25$5.15$0.09$0.67$0.64$0.04
2023Detailed filing. Detailed filing data is available for this year.$5.18$5.13$0.05$0.53$0.63$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.71$4.56$0.15$1.15$1.15$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.31$5.16$0.14$0.59$0.57$0.02
2020Detailed filing. Detailed filing data is available for this year.$5.43$5.31$0.12$0.51$0.51$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.45$5.32$0.13$0.42$0.38$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$1.72$0.09$0.27$0.41$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$1.86$0.22$0.37$0.28$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.13$2.00$0.14$0.30$0.30$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.26$2.12$0.14$0.35$0.28$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.33$2.25$0.08$0.31$0.31$0.00
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.86$0.79$0.08$0.23$0.19$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.83$0.03$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.15$0.16$0.02