Civic Intelligence

Clarion County Economic Development Corporation

990 • Fiscal year 2014 • EIN 25-1237688

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

330 North Point Drive Suite 212Clarion, PA 16214

(814) 226-9045

Siviq Scores

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

Liabilities / Assets

57th percentile

0.17x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

87th percentile

1.38x

Higher debt load relative to revenue than 87% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

63rd percentile

6.6%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

96th percentile

160%

Faster revenue growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,740,549

Up $168,827 (+6.6%) from 2013

Net Assets

Up

$2,283,955

Up $178,358 (+8.5%) from 2013

Liabilities

Down

$456,594

Down $9,531 (-2.0%) from 2013

Revenue

Up

$331,727

Up $204,248 (+160%) from 2013

Expenses

Up

$153,369

Up $7,836 (+5.4%) from 2013

Net Income

Up

$178,358

Up $196,412 (+1088%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,602,386Liabilities 2012: $478,735Net Assets 2012: $2,123,6512012Assets 2013: $2,571,722Liabilities 2013: $466,125Net Assets 2013: $2,105,5972013Assets 2014: $2,740,549Liabilities 2014: $456,594Net Assets 2014: $2,283,9552014Assets 2015: $2,669,466Liabilities 2015: $443,023Net Assets 2015: $2,226,4432015Assets 2016: $2,608,233Liabilities 2016: $430,500Net Assets 2016: $2,177,7332016Assets 2017: $2,426,648Liabilities 2017: $450,500Net Assets 2017: $1,976,1482017Assets 2018: $2,378,215Liabilities 2018: $450,500Net Assets 2018: $1,927,7152018Assets 2019: $2,274,685Liabilities 2019: $434,800Net Assets 2019: $1,839,8852019Assets 2020: $2,247,969Liabilities 2020: $432,550Net Assets 2020: $1,815,4192020Assets 2021: $1,917,682Liabilities 2021: $324,620Net Assets 2021: $1,593,0622021Assets 2022: $1,963,651Liabilities 2022: $419,158Net Assets 2022: $1,544,4932022Assets 2023: $2,035,527Liabilities 2023: $364,287Net Assets 2023: $1,671,2402023Assets 2024: $1,560,447Liabilities 2024: $263,200Net Assets 2024: $1,297,2472024

Highlighted filing

2014

Assets$2,740,549
Liabilities$456,594
Net Assets$2,283,955

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $154,4202012Revenue 2013: $127,479Expenses 2013: $145,533Net Income 2013: -$18,0542013Revenue 2014: $331,727Expenses 2014: $153,369Net Income 2014: $178,3582014Revenue 2015: $105,713Expenses 2015: $163,225Net Income 2015: -$57,5122015Revenue 2016: $121,980Expenses 2016: $170,690Net Income 2016: -$48,7102016Revenue 2017: $107,842Expenses 2017: $142,326Net Income 2017: -$34,4842017Revenue 2018: $111,807Expenses 2018: $164,652Net Income 2018: -$52,8452018Revenue 2019: $94,396Expenses 2019: $182,226Net Income 2019: -$87,8302019Revenue 2020: $224,234Expenses 2020: $248,700Net Income 2020: -$24,4662020Revenue 2021: $48,810Expenses 2021: $271,167Net Income 2021: -$222,3572021Revenue 2022: $182,602Expenses 2022: $231,171Net Income 2022: -$48,5692022Revenue 2023: $658,226Expenses 2023: $531,479Net Income 2023: $126,7472023Revenue 2024: $360,403Expenses 2024: $734,396Net Income 2024: -$373,9932024

Highlighted filing

2014

Revenue$331,727
Expenses$153,369
Net Income$178,358
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$331,727
Mission and Program Overview

Mission

The corporation fosters economic growth in clarion county, pennsylvania by promoting the county as both a hub for business development and a prime tourism destination. Ccedc's programs are designed to boost the local economy while enhancing the quality of life for businesses, residents, and visitors. Core functions include business support, strategic planning, tourism marketing, community redevelopment, industrial park development and maintenance, grant and loan administration, infrastructure expansion, and workforce and education development.

The corporation is engaged in promoting economic development in clarion county. Functions include assisting clients in obtaining financing and constructing and maintaining industrial parks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,982,194$2,156,530▲ $174,336
Cash and Non-Interest-Bearing Accounts$432,415$437,843▲ $5,428
Other Notes and Loans Receivable, Net$113,330$102,237▼ $11,093
Savings and Temporary Cash Investments$43,783$43,939▲ $156
Total Assets$2,571,722$2,740,549▲ $168,827
Liabilities
Other Liabilities$466,125$456,594▼ $9,531
Total Liabilities$466,125$456,594▼ $9,531
Net Assets / Fund Balance
Unrestricted Net Assets$1,704,987$1,880,305▲ $175,318
Permanently Rstr Net Assets$400,610$403,650▲ $3,040
Total Net Assets Fund Balance$2,105,597$2,283,955▲ $178,358
Total Liabilities and Net Assets / Fund Balance$2,571,722$2,740,549▲ $168,827

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,156,530$206,996$2,363,526
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$284,497
Program Service Revenue
$42,289
Investment Income
$4,838
Other Revenue
$103
All Other Contributions
$196,375
Change in Net Assets
$178,358

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$170,000
Total Noncash Contributions1$170,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$331,727
Total Revenue per Audited Statements
$331,727
Total Revenue per Form 990
$331,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,899
Salaries, Compensation, and Employee Benefits$72,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,819--$65,819
Occupancy$15,086--$15,086
Depreciation Depletion$8,455--$8,455
Payroll Taxes$4,593--$4,593
Insurance$4,523--$4,523
Conferences and Meetings$3,422--$3,422
Advertising$3,416--$3,416
Fees for Services Accounting$3,171--$3,171
Travel$2,466--$2,466
Interest$2,116--$2,116
Pension Plan Contributions$2,058--$2,058
Office Expenses$1,777--$1,777
Fees for Services Legal$1,694--$1,694
Other Expenses$1,604--$1,604
All Other Expenses$1,408--$1,408
Total Functional Expenses$153,369$0$0$153,369

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$153,369
Total Expenses per Audited Statements$153,369
Total Expenses per Form 990$153,369
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
Notes Payable$456,094
Security Deposit$500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

The 990 is reviewed by all board members prior to filing. Approval and authorization to file documents are initialed by all directors and kept by the corporation.

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

Member asked to resign from board or remove the conflict

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

The personnel committee of the board performs an evaluation of the executive director annually and suggests compensation amounts to the full board. The board then takes formal action to set the salary and benefits annually.

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

N/A

Form 990, Page 6, Part VI, Line 19

Available for public inspection during normal working hours.

Filing and Contact Details

Filer

Filer Name
Clarion County Economic Development
EIN
25-1237688
Phone
8142269045
Address
330 NORTH POINT DRIVE SUITE 212, CLARION, PA 16214

Signing Officer

Name
Jamie S Lefever
Title
Exec Director
Phone
8142269045
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jamie S Lefever Exec Director
Formed
1972
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Firm
Brooks & Rhoads Cpas
Address
160 S 2ND AVE STE D, CLARION, PA 16214-2444
Preparer
Greg B Rhoads
Phone
8142264039
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation is engaged in promoting economic development in clarion county. Functions include assisting clients in obtaining financing and constructing and maintaining industrial parks.

Raw XML Appendix382 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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0106609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0505056
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01117647
IRS990ScheduleA/TotalSupportAmt01143170
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0153369
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02156530
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0206996
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02363526
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0456094
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0331727
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02156530
IRS990ScheduleD/TotalExpensesPerForm990Amt0153369
IRS990ScheduleD/TotalLiabilityAmt0456594
IRS990ScheduleD/TotalRevenuePerForm990Amt0331727
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0331727
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0153369
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0170000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ENGAGED IN PROMOTING ECONOMIC DEVELOPMENT IN CLARION COUNTY. FUNCTIONS INCLUDE ASSISTING CLIENTS IN OBTAINING FINANCING AND CONSTRUCTING AND MAINTAINING INDUSTRIAL PARKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY ALL BOARD MEMBERS PRIOR TO FILING. APPROVAL AND AUTHORIZATION TO FILE DOCUMENTS ARE INITIALED BY ALL DIRECTORS AND KEPT BY THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBER ASKED TO RESIGN FROM BOARD OR REMOVE THE CONFLICT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PERSONNEL COMMITTEE OF THE BOARD PERFORMS AN EVALUATION OF THE EXECUTIVE DIRECTOR ANNUALLY AND SUGGESTS COMPENSATION AMOUNTS TO THE FULL BOARD. THE BOARD THEN TAKES FORMAL ACTION TO SET THE SALARY AND BENEFITS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE FOR PUBLIC INSPECTION DURING NORMAL WORKING HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02571722
IRS990/TotalAssetsEOYAmt02740549
IRS990/TotalAssetsGrp/BOYAmt02571722
IRS990/TotalAssetsGrp/EOYAmt02740549
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0284497
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0153369
IRS990/TotalFunctionalExpensesGrp/TotalAmt0153369
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0466125
IRS990/TotalLiabilitiesEOYAmt0456594
IRS990/TotalLiabilitiesGrp/BOYAmt0466125
IRS990/TotalLiabilitiesGrp/EOYAmt0456594
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02105597
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02283955
IRS990/TotalProgramServiceExpensesAmt0153369
IRS990/TotalProgramServiceRevenueAmt042289
IRS990/TotalRevenueGrp/ExclusionAmt04941
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042289
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0331727
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02571722
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02740549
IRS990/TravelGrp/ProgramServicesAmt02466
IRS990/TravelGrp/TotalAmt02466
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01704987
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01880305
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0330 NORTH POINT DRIVE SUITE 212
IRS990/USAddress/CityNm0CLARION
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016214
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMIE S LEFEVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08142269045
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLARION COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CLAR
ReturnHeader/Filer/EIN0251237688
ReturnHeader/Filer/PhoneNum08142269045
ReturnHeader/Filer/USAddress/AddressLine1Txt0330 NORTH POINT DRIVE SUITE 212
ReturnHeader/Filer/USAddress/CityNm0CLARION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016214
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251900599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROOKS & RHOADS CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0160 S 2ND AVE STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLARION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0162142444
ReturnHeader/PreparerPersonGrp/PhoneNum08142264039
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG B RHOADS
ReturnHeader/ReturnTs02015-11-16T09:29:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.56$0.26$1.30$0.36$0.73$0.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.36$1.67$0.66$0.53$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.42$1.54$0.18$0.23$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.32$1.59$0.05$0.27$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.43$1.82$0.22$0.25$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.43$1.84$0.09$0.18$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.45$1.93$0.11$0.16$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.45$1.98$0.11$0.14$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.43$2.18$0.12$0.17$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.67$0.44$2.23$0.11$0.16$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.74$0.46$2.28$0.33$0.15$0.18
2013Detailed filing. Detailed filing data is available for this year.$2.57$0.47$2.11$0.13$0.15$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.48$2.12$0.15