Civic Intelligence

Pike County Economic Development

990 • Fiscal year 2023 • EIN 13-4216019

Jan 01, 2023 to Dec 31, 2023 • Filed on May 01, 2024

Organization ProfileTROY-PIKE-EDC.ORG
100 Industrial BlvdTroy, AL 36081

(334) 670-2274

Siviq Scores

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

Liabilities / Assets

75th percentile

0.36x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

0.99x

Higher debt load relative to revenue than 94% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

20th percentile

-6.3%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$185,621

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 42.9% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

21st percentile

-4.7%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

13%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$1,206,147

Down $59,011 (-4.7%) from 2022

Net Assets

Down

$776,573

Down $27,485 (-3.4%) from 2022

Liabilities

Down

$429,574

Down $31,526 (-6.8%) from 2022

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin20th percentile

Revenue

Up

$433,050

Up $50,076 (+13%) from 2022

Expenses

Up

$460,535

Up $65,488 (+17%) from 2022

Net Income

Down

-$27,485

Down $15,412 (-128%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,770,501Liabilities 2011: $1,017,331Net Assets 2011: $753,1702011Assets 2012: $1,587,089Liabilities 2012: $849,409Net Assets 2012: $737,6802012Assets 2013: $1,542,503Liabilities 2013: $814,713Net Assets 2013: $727,7902013Assets 2014: $1,518,990Liabilities 2014: $777,245Net Assets 2014: $741,7452014Assets 2015: $1,558,772Liabilities 2015: $737,411Net Assets 2015: $821,3612015Assets 2016: $1,498,553Liabilities 2016: $697,775Net Assets 2016: $800,7782016Assets 2017: $1,363,780Liabilities 2017: $655,714Net Assets 2017: $708,0662017Assets 2018: $1,335,260Liabilities 2018: $612,118Net Assets 2018: $723,1422018Assets 2019: $1,309,822Liabilities 2019: $568,031Net Assets 2019: $741,7912019Assets 2020: $1,348,347Liabilities 2020: $519,978Net Assets 2020: $828,3692020Assets 2021: $1,295,428Liabilities 2021: $479,297Net Assets 2021: $816,1312021Assets 2022: $1,265,158Liabilities 2022: $461,100Net Assets 2022: $804,0582022Assets 2023: $1,206,147Liabilities 2023: $429,574Net Assets 2023: $776,5732023Assets 2024: $1,102,050Liabilities 2024: $397,351Net Assets 2024: $704,6992024

Highlighted filing

2023

Assets$1,206,147
Liabilities$429,574
Net Assets$776,573
Open 2023 Filing

Operations Trend

Revenue Growth62nd percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $292,970Expenses 2011: $265,318Net Income 2011: $27,6522011Expenses 2012: $326,7272012Revenue 2013: $400,221Expenses 2013: $410,111Net Income 2013: -$9,8902013Revenue 2014: $425,890Expenses 2014: $411,935Net Income 2014: $13,9552014Revenue 2015: $464,827Expenses 2015: $385,211Net Income 2015: $79,6162015Revenue 2016: $384,288Expenses 2016: $404,871Net Income 2016: -$20,5832016Revenue 2017: $376,101Expenses 2017: $468,813Net Income 2017: -$92,7122017Revenue 2018: $372,814Expenses 2018: $357,738Net Income 2018: $15,0762018Revenue 2019: $375,409Expenses 2019: $356,508Net Income 2019: $18,9012019Revenue 2020: $398,714Expenses 2020: $312,536Net Income 2020: $86,1782020Revenue 2021: $367,542Expenses 2021: $379,780Net Income 2021: -$12,2382021Revenue 2022: $382,974Expenses 2022: $395,047Net Income 2022: -$12,0732022Revenue 2023: $433,050Expenses 2023: $460,535Net Income 2023: -$27,4852023Revenue 2024: $469,860Expenses 2024: $541,734Net Income 2024: -$71,8742024

Highlighted filing

2023

Revenue$433,050
Expenses$460,535
Net Income-$27,485
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 1, 2024
Return Version
2023v5.0
Gross Receipts
$433,050
Mission and Program Overview

Mission

To promote economic development within pike county alabama

To promote economic development within pike county alabama.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$521,402$494,574▼ $26,828
Other Notes and Loans Receivable, Net$274,039$361,011▲ $86,972
Cash and Non-Interest-Bearing Accounts$200,672$155,334▼ $45,338
Savings and Temporary Cash Investments$246,037$142,595▼ $103,442
Accounts Receivable$3,008$32,633▲ $29,625
Total Assets$1,265,158$1,206,147▼ $59,011
Other Assets Total$20,000$20,000→ $0
Liabilities
Unsecured Notes Loans Payable$454,421$424,916▼ $29,505
Accounts Payable and Accrued Expenses$6,679$4,658▼ $2,021
Total Liabilities$461,100$429,574▼ $31,526
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$576,772$547,372▼ $29,400
Net Assets With Donor Restrictions$227,286$229,201▲ $1,915
Total Net Assets Fund Balance$804,058$776,573▼ $27,485
Total Liabilities and Net Assets / Fund Balance$1,265,158$1,206,147▼ $59,011

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$474,385$590,532$1,064,917
Equipment$20,189$10,169$30,358
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chase CobbPresidentFT$185,621$185,621

Board Members and Trustees

NameTitle
John RamageChairman
Vicki McphersonVice Chairma
Adam CarsonBoard Member
Cornelius GriffinBoard Member
David BaileyBoard Member
Jeff KervinBoard Member
Judson EdwardsBoard Member
Kenny CampbellBoard Member
Donna HornSecretary
Denny SanfordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$381,689
Program Service Revenue
$40,857
Investment Income
$10,504
Other Revenue
$0
All Other Contributions
$168,689
Change in Net Assets
$-27,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$433,050
Total Revenue per Audited Statements
$433,050
Total Revenue per Form 990
$433,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$273,364
Other Expenses$187,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$234,303-$234,303
Advertising$64,191--$64,191
Depreciation Depletion$37,707--$37,707
Fees for Services Other-$23,279-$23,279
Other Employee Benefits-$19,766-$19,766
Payroll Taxes-$19,295-$19,295
Occupancy$13,450--$13,450
Interest$10,753--$10,753
Office Expenses-$8,042-$8,042
Fees for Services Accounting$5,750$1,650-$7,400
Insurance$4,846--$4,846
Other Expenses-$3,197-$3,197
Total Functional Expenses$136,697$323,838$0$460,535

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$460,535
Total Expenses per Audited Statements$460,535
Total Expenses per Form 990$460,535
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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, Page 6, Part VI, Line 11B

“Board members review a copy of the complete 990 prior to its filing.”

Form 990, Page 6, Part VI, Line 12C

“Board members review and discuss policy at annual meeting.”

Form 990, Page 6, Part VI, Line 15A

“Board members review and approve all compensation annually.”

Form 990, Page 6, Part VI, Line 15B

“All compensation for officers or key employee is approved annually by the board.”

Form 990, Page 6, Part VI, Line 19

“No documents available to public.”

Filing and Contact Details

Filer

Filer Name
Pike County Economic Development
EIN
13-4216019
Phone
3346702274
Address
100 INDUSTRIAL BLVD, TROY, AL 36081

Signing Officer

Name
Chase Cobb
Title
President
Phone
3346702274
Signed
2024-05-01

Organization Details

Principal Officer
Chase Cobb
Formed
2002
Legal Domicile
Al
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
Gibson & Carden LLC
Address
110 S BRUNDIDGE ST, TROY, AL 36081
Preparer
Darren P Hipps
Phone
3345662690
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Promote economic development in pike county by providing small businesses with facilities through the incubator facility and development and recruiting of industry.”

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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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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0246037
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0142595
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0474385
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0590532
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01064917
IRS990ScheduleD/EquipmentGrp/BookValueAmt020189
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010169
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030358
IRS990ScheduleD/ExpensesSubtotalAmt0460535
IRS990ScheduleD/RevenueSubtotalAmt0433050
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0494574
IRS990ScheduleD/TotalExpensesPerForm990Amt0460535
IRS990ScheduleD/TotalRevenuePerForm990Amt0433050
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0433050
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0460535
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0185621
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHASE COBB
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0185621
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE ECONOMIC DEVELOPMENT IN PIKE COUNTY BY PROVIDING SMALL BUSINESSES WITH FACILITIES THROUGH THE INCUBATOR FACILITY AND DEVELOPMENT AND RECRUITING OF INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS REVIEW A COPY OF THE COMPLETE 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS REVIEW AND DISCUSS POLICY AT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS REVIEW AND APPROVE ALL COMPENSATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL COMPENSATION FOR OFFICERS OR KEY EMPLOYEE IS APPROVED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01265158
IRS990/TotalAssetsEOYAmt01206147
IRS990/TotalAssetsGrp/BOYAmt01265158
IRS990/TotalAssetsGrp/EOYAmt01206147
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0381689
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0323838
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0136697
IRS990/TotalFunctionalExpensesGrp/TotalAmt0460535
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0461100
IRS990/TotalLiabilitiesEOYAmt0429574
IRS990/TotalLiabilitiesGrp/BOYAmt0461100
IRS990/TotalLiabilitiesGrp/EOYAmt0429574
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0804058
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0776573
IRS990/TotalProgramServiceRevenueAmt040857
IRS990/TotalReportableCompFromOrgAmt0185621
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051361
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0433050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01265158
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01206147
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0454421
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0424916
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 INDUSTRIAL BLVD
IRS990/USAddress/CityNm0TROY
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036081
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0TROY-PIKE-EDC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHASE COBB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03346702274
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PIKE COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PIKE
ReturnHeader/Filer/EIN0134216019
ReturnHeader/Filer/PhoneNum03346702274
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 INDUSTRIAL BLVD
ReturnHeader/Filer/USAddress/CityNm0TROY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036081
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631284979
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GIBSON & CARDEN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 S BRUNDIDGE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd036081
ReturnHeader/PreparerPersonGrp/PhoneNum03345662690
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARREN P HIPPS
ReturnHeader/ReturnTs02024-06-08T10:20:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHASE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COBB
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,206,147
Liabilities
$429,574
Net assets
$776,573
Revenue
$433,050
Expenses
$460,535
Net income
-$27,485
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.40$0.70$0.47$0.54$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.21$0.43$0.78$0.43$0.46$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.46$0.80$0.38$0.40$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.48$0.82$0.37$0.38$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.52$0.83$0.40$0.31$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.57$0.74$0.38$0.36$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.61$0.72$0.37$0.36$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.66$0.71$0.38$0.47$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.70$0.80$0.38$0.40$0.02
2015Summary only. Only limited summary data is available for this year.$1.56$0.74$0.82$0.46$0.39$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.52$0.78$0.74$0.43$0.41$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.54$0.81$0.73$0.40$0.41$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.85$0.74$0.33
2011Summary only. Only limited summary data is available for this year.$1.77$1.02$0.75$0.29$0.27$0.03