Civic Intelligence

Mckean County Industrial Development Council Inc

990 • Fiscal year 2016 • EIN 23-7319951

Jul 01, 2015 to Jun 30, 2016 • Filed on May 09, 2017

Organization ProfileN/A
17137 Route 6Smethport, PA 16749

(814) 887-2348

Siviq Scores

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

Liabilities / Assets

54th percentile

0.01x

Higher debt load relative to assets than 54% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.19x

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

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

Net Margin

3rd percentile

-85%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

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

Asset Growth

33rd percentile

-5.3%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

58th percentile

4.4%

Faster revenue growth than 58% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$332,358

Down $18,778 (-5.3%) from 2015

Net Assets

Down

$329,170

Down $14,266 (-4.2%) from 2015

Liabilities

Down

$3,188

Down $4,512 (-59%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin3rd percentile

Revenue

Up

$16,727

Up $712 (+4.4%) from 2015

Expenses

Down

$30,993

Down $180,634 (-85%) from 2015

Net Income

Up

-$14,266

Up $181,346 (+93%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$600K$400K$200K$0Assets 2012: $517,241Liabilities 2012: $0Net Assets 2012: $517,2412012Assets 2013: $522,079Liabilities 2013: $2,460Net Assets 2013: $519,6192013Assets 2015: $351,136Liabilities 2015: $7,700Net Assets 2015: $343,4362015Assets 2016: $332,358Liabilities 2016: $3,188Net Assets 2016: $329,1702016Assets 2017: $339,144Liabilities 2017: $1,138Net Assets 2017: $338,0062017Assets 2018: $350,909Liabilities 2018: $749Net Assets 2018: $350,1602018Assets 2019: $356,045Liabilities 2019: $0Net Assets 2019: $356,0452019Assets 2020: $357,517Liabilities 2020: $0Net Assets 2020: $357,5172020Assets 2021: $371,463Liabilities 2021: $3,305Net Assets 2021: $368,1582021Assets 2022: $366,148Liabilities 2022: $0Net Assets 2022: $366,1482022

Highlighted filing

2016

Assets$332,358
Liabilities$3,188
Net Assets$329,170
Open 2016 Filing

Operations Trend

Revenue Growth58th percentile

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

$400K$200K$0-$200KExpenses 2012: $11,6502012Expenses 2013: $14,4792013Revenue 2015: $16,015Expenses 2015: $211,627Net Income 2015: -$195,6122015Revenue 2016: $16,727Expenses 2016: $30,993Net Income 2016: -$14,2662016Revenue 2017: $21,229Expenses 2017: $12,393Net Income 2017: $8,8362017Revenue 2018: $17,571Expenses 2018: $5,417Net Income 2018: $12,1542018Revenue 2019: $15,784Expenses 2019: $9,899Net Income 2019: $5,8852019Revenue 2020: $16,017Expenses 2020: $14,545Net Income 2020: $1,4722020Revenue 2021: $21,431Expenses 2021: $10,790Net Income 2021: $10,6412021Revenue 2022: $7,827Expenses 2022: $9,837Net Income 2022: -$2,0102022

Highlighted filing

2016

Revenue$16,727
Expenses$30,993
Net Income-$14,266
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 9, 2017
Return Version
2015v3.0
Gross Receipts
$16,727
Mission and Program Overview

Mission

To promote development and expansion of businesses, industry, and commerce within mckean county, pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$176,883$183,321▲ $6,438
Other Notes and Loans Receivable, Net$165,475$145,463▼ $20,012
Accounts Receivable$155$1,396▲ $1,241
Land, Buildings, and Equipment, Net$3,326$1,299▼ $2,027
Prepaid Expenses and Deferred Charges$5,297$879▼ $4,418
Total Assets$351,136$332,358▼ $18,778
Liabilities
Accounts Payable and Accrued Expenses$7,700$3,188▼ $4,512
Total Liabilities$7,700$3,188▼ $4,512
Net Assets / Fund Balance
Unrestricted Net Assets$343,436$329,170▼ $14,266
Total Net Assets Fund Balance$343,436$329,170▼ $14,266
Total Liabilities and Net Assets / Fund Balance$351,136$332,358▼ $18,778

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,299$7,351$8,650
Equipment-$137$137
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Joseph DemottPresident
Alicia DankesreiterBoard of Director
Clark JohnsonBoard of Director
Crystal KocjancicBoard of Director
Jeremy MoreyBoard of Director
Sherri GearyBoard of Director
Sue McclellandBoard of Director
William ToddBoard of Director
Ray McmahonSecretary
Patricia WitchenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,068
Program Service Revenue
$6,708
Investment Income
$951
Other Revenue
$0
Change in Net Assets
$-14,266

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,727
Total Revenue per Audited Statements
$16,727
Total Revenue per Form 990
$16,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,493
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$10,000
Grants to Domestic Orgs---$7,500
Other Expenses---$4,418
Advertising---$3,800
Fees for Services Accounting---$2,700
Depreciation Depletion---$2,027
Office Expenses---$548
Total Functional Expenses$0$0$0$30,993

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$30,993
Total Expenses per Audited Statements$30,993
Total Expenses per Form 990$30,993
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kane Area Industrial Development CoKane, PA-Economic Development$7,500
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The economic development director reviews the form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, financial statements, and form 990 are available upon request in the economic development office.”

Filing and Contact Details

Filer

Filer Name
Mckean County Industrial
EIN
23-7319951
Phone
8148872348
Address
17137 ROUTE 6, SMETHPORT, PA 16749

Signing Officer

Name
Patricia Witchen
Title
Treasurer
Phone
8148872348
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Demott
Formed
1968
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Haines & Company
Address
213 W THIRD AVE PO BOX 767, WARREN, PA 16365
Preparer
Bruce a Gould CPA
Phone
8147237741
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultancy fees 10,000 0 0”

Raw XML Appendix341 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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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt030993
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07700
IRS990/TotalLiabilitiesEOYAmt03188
IRS990/TotalLiabilitiesGrp/BOYAmt07700
IRS990/TotalLiabilitiesGrp/EOYAmt03188
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0343436
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0329170
IRS990/TotalProgramServiceRevenueAmt06708
IRS990/TotalRevenueGrp/ExclusionAmt0951
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06708
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016727
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0351136
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0332358
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0343436
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0329170
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt017137 ROUTE 6
IRS990/USAddress/CityNm0SMETHPORT
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016749
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA WITCHEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08148872348
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCKEAN COUNTY INDUSTRIAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0MCKE
ReturnHeader/Filer/EIN0237319951
ReturnHeader/Filer/PhoneNum08148872348
ReturnHeader/Filer/USAddress/AddressLine1Txt017137 ROUTE 6
ReturnHeader/Filer/USAddress/CityNm0SMETHPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016749
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0473317888
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAINES & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0213 W THIRD AVE PO BOX 767
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WARREN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd016365
ReturnHeader/PreparerPersonGrp/PhoneNum08147237741
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRUCE A GOULD CPA
ReturnHeader/ReturnTs02017-05-15T11:01:06-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$332,358
Liabilities
$3,188
Net assets
$329,170
Revenue
$16,727
Expenses
$30,993
Net income
-$14,266
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$0.00$3.66$0.08$0.10$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$0.03$3.68$0.21$0.11$0.11
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$0.00$3.58$0.16$0.15$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.00$3.56$0.16$0.10$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.51$0.01$3.50$0.18$0.05$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.01$3.38$0.21$0.12$0.09
2016Detailed filing. Detailed filing data is available for this year.$3.32$0.03$3.29$0.17$0.31$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.51$0.08$3.43$0.16$2.12$1.96
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.02$5.20$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$0.00$5.17$0.12
Peer Organizations

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