Civic Intelligence

Clinton Economic Development

990 • Fiscal year 2018 • EIN 14-1864437

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization ProfileWWW.CITYOFCLINTONSC.COM/INDEX.A
PO Box 748Clinton, SC 29325

(864) 833-7505

Siviq Scores

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

Liabilities / Assets

86th percentile

0.78x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.79x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

99th percentile

433%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

100th percentile

43689%

Faster revenue growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$5,077,850

Up $4,125,653 (+433%) from 2017

Net Assets

Up

$1,094,606

Up $1,025,653 (+1487%) from 2017

Liabilities

Up

$3,983,244

Up $3,100,000 (+351%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin99th percentile

Revenue

Up

$1,050,934

Up $1,048,534 (+43689%) from 2017

Expenses

Down

$25,281

Down $317,719 (-93%) from 2017

Net Income

Up

$1,025,653

Up $1,366,253 (+401%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,816,914Liabilities 2011: $1,121,744Net Assets 2011: $695,1702011Assets 2012: $1,897,202Liabilities 2012: $1,113,307Net Assets 2012: $783,8952012Assets 2013: $2,586,519Liabilities 2013: $1,467,478Net Assets 2013: $1,119,0412013Assets 2014: $2,575,463Liabilities 2014: $1,271,104Net Assets 2014: $1,304,3592014Assets 2015: $3,521,066Liabilities 2015: $1,176,598Net Assets 2015: $2,344,4682015Assets 2016: $4,041,309Liabilities 2016: $1,313,647Net Assets 2016: $2,727,6622016Assets 2017: $952,197Liabilities 2017: $883,244Net Assets 2017: $68,9532017Assets 2018: $5,077,850Liabilities 2018: $3,983,244Net Assets 2018: $1,094,6062018Assets 2019: $6,059,414Liabilities 2019: $4,238,951Net Assets 2019: $1,820,4632019Assets 2020: $6,550,749Liabilities 2020: $4,251,389Net Assets 2020: $2,299,3602020Assets 2021: $6,713,791Liabilities 2021: $4,231,409Net Assets 2021: $2,482,3822021

Highlighted filing

2018

Assets$5,077,850
Liabilities$3,983,244
Net Assets$1,094,606
Open 2018 Filing

Operations Trend

Revenue Growth100th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $0Expenses 2011: $60,235Net Income 2011: -$60,2352011Revenue 2012: $272,500Expenses 2012: $177,741Net Income 2012: $94,7592012Revenue 2013: $397,400Expenses 2013: $62,254Net Income 2013: $335,1462013Revenue 2014: $279,640Expenses 2014: $94,322Net Income 2014: $185,3182014Revenue 2015: $1,166,656Expenses 2015: $126,547Net Income 2015: $1,040,1092015Revenue 2016: $1,032,620Expenses 2016: $649,426Net Income 2016: $383,1942016Revenue 2017: $2,400Expenses 2017: $343,000Net Income 2017: -$340,6002017Revenue 2018: $1,050,934Expenses 2018: $25,281Net Income 2018: $1,025,6532018Revenue 2019: $653,562Expenses 2019: $57,305Net Income 2019: $596,2572019Revenue 2020: $310,135Expenses 2020: $48,129Net Income 2020: $262,0062020Revenue 2021: $254,028Expenses 2021: $71,006Net Income 2021: $183,0222021

Highlighted filing

2018

Revenue$1,050,934
Expenses$25,281
Net Income$1,025,653
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,050,934
Mission and Program Overview

Mission

For the continued growth of the city of clinton through economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,034$4,215,612▲ $4,139,578
Inventories for Sale or Use$652,089$652,089→ $0
Land, Buildings, and Equipment, Net$217,230$203,305▼ $13,925
Accounts Receivable$6,844$6,844→ $0
Total Assets$952,197$5,077,850▲ $4,125,653
Liabilities
Unsecured Notes Loans Payable-$3,100,000-
Other Liabilities$519,541$643,244▲ $123,703
Deferred Revenue$240,000$240,000→ $0
Mortgage Notes Payable Secured by Investment Property$120,378--
Accounts Payable and Accrued Expenses$3,325--
Total Liabilities$883,244$3,983,244▲ $3,100,000
Net Assets / Fund Balance
Unrestricted Net Assets$68,953$1,094,606▲ $1,025,653
Total Net Assets Fund Balance$68,953$1,094,606▲ $1,025,653
Total Liabilities and Net Assets / Fund Balance$952,197$5,077,850▲ $4,125,653

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$203,305$75,195$278,500
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Collie LehnChairman
Bob McleanVice Chairma
Bob McleanBoard Member
Bob StantonBoard Member
Chip CooperBoard Member
Jon ColemanBoard Member
Larry FranklinBoard Member
Lumus ByrdBoard Member
Robbie NeilBoard Member
Ronnie RothBoard Member
Bill Ed CannonSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$924,000
Program Service Revenue
$126,149
Investment Income
$785
Other Revenue
$0
All Other Contributions
$924,000
Change in Net Assets
$1,025,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,050,934
Total Revenue per Audited Statements
$1,050,934
Total Revenue per Form 990
$1,050,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$13,925--$13,925
Other Expenses$11,356--$11,356
Total Functional Expenses$25,281$0$0$25,281

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,281
Total Expenses per Audited Statements$25,281
Total Expenses per Form 990$25,281
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$643,244
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The secretary-treasurer reviews and signs the 990 before it is mailed to the irs.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Clinton Economic Development
EIN
14-1864437
Phone
8648337505
Address
PO BOX 748, CLINTON, SC 29325

Signing Officer

Name
Bill Ed Cannon
Title
Secretary/treasurer
Phone
8648337505
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Collie Lehn
Legal Domicile
Sc
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Mckinley Cooper & Co LLC
Address
777 LOWNDES ROAD BUILDING 3 SUITE, GREENVILLE, SC 29607
Preparer
Toni R Mckinley
Phone
8642331800
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization recognizes the tax benefits from uncertain tax positions only if it is more-likely-than-not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The organization's income tax filings are subject to audit by various taxing authorities. Management believes the adoption of asc 740-10 resulted in no significant impact to the organization's financial statements.”

Raw XML Appendix393 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt01050934
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. MANAGEMENT BELIEVES THE ADOPTION OF ASC 740-10 RESULTED IN NO SIGNIFICANT IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt025281
IRS990ScheduleD/TotalLiabilityAmt0643244
IRS990ScheduleD/TotalRevenuePerForm990Amt01050934
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01050934
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt025281
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SECRETARY-TREASURER REVIEWS AND SIGNS THE 990 BEFORE IT IS MAILED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0952197
IRS990/TotalAssetsEOYAmt05077850
IRS990/TotalAssetsGrp/BOYAmt0952197
IRS990/TotalAssetsGrp/EOYAmt05077850
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0924000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025281
IRS990/TotalFunctionalExpensesGrp/TotalAmt025281
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0883244
IRS990/TotalLiabilitiesEOYAmt03983244
IRS990/TotalLiabilitiesGrp/BOYAmt0883244
IRS990/TotalLiabilitiesGrp/EOYAmt03983244
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068953
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01094606
IRS990/TotalProgramServiceExpensesAmt025281
IRS990/TotalProgramServiceRevenueAmt0126149
IRS990/TotalRevenueGrp/ExclusionAmt0785
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0126149
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01050934
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt068953
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01094606
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt03100000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 748
IRS990/USAddress/CityNm0CLINTON
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029325
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0HTTP://WWW.CITYOFCLINTONSC.COM/INDEX.A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BILL ED CANNON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08648337505
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLINTON ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CLIN
ReturnHeader/Filer/EIN0141864437
ReturnHeader/Filer/PhoneNum08648337505
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 748
ReturnHeader/Filer/USAddress/CityNm0CLINTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DF8A2A176837A5F0DCC1EDB08DF7E6959FC217C3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0156.19.1.14
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:00:02
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272826067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCKINLEY COOPER & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0777 LOWNDES ROAD BUILDING 3 SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029607
ReturnHeader/PreparerPersonGrp/PhoneNum08642331800
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TONI R MCKINLEY
ReturnHeader/ReturnTs02019-05-14T14:00:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,077,850
Liabilities
$3,983,244
Net assets
$1,094,606
Revenue
$1,050,934
Expenses
$25,281
Net income
$1,025,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.71$4.23$2.48$0.25$0.07$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.55$4.25$2.30$0.31$0.05$0.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$4.24$1.82$0.65$0.06$0.60
2018Detailed filing. Detailed filing data is available for this year.$5.08$3.98$1.09$1.05$0.03$1.03
2017Summary only. Only limited summary data is available for this year.$0.95$0.88$0.07$0.00$0.34$0.34
2016Summary only. Only limited summary data is available for this year.$4.04$1.31$2.73$1.03$0.65$0.38
2015Summary only. Only limited summary data is available for this year.$3.52$1.18$2.34$1.17$0.13$1.04
2014Summary only. Only limited summary data is available for this year.$2.58$1.27$1.30$0.28$0.09$0.19
2013Summary only. Only limited summary data is available for this year.$2.59$1.47$1.12$0.40$0.06$0.34
2012Summary only. Only limited summary data is available for this year.$1.90$1.11$0.78$0.27$0.18$0.09
2011Summary only. Only limited summary data is available for this year.$1.82$1.12$0.70$0.00$0.06$0.06