Civic Intelligence

Clarion County Economic Development Corporation

990 • Fiscal year 2015 • EIN 25-1237688

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 07, 2016

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

58th percentile

0.17x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

4.19x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

6th percentile

-54%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

33rd percentile

-2.6%

Faster asset growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-68%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,669,466

Down $71,083 (-2.6%) from 2014

Net Assets

Down

$2,226,443

Down $57,512 (-2.5%) from 2014

Liabilities

Down

$443,023

Down $13,571 (-3.0%) from 2014

Revenue

Down

$105,713

Down $226,014 (-68%) from 2014

Expenses

Up

$163,225

Up $9,856 (+6.4%) from 2014

Net Income

Down

-$57,512

Down $235,870 (-132%) from 2014

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

2015

Assets$2,669,466
Liabilities$443,023
Net Assets$2,226,443

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

2015

Revenue$105,713
Expenses$163,225
Net Income-$57,512
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 7, 2016
Return Version
2015v2.1
Gross Receipts
$116,583
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$2,156,530$2,103,433▼ $53,097
Savings and Temporary Cash Investments$43,939$343,076▲ $299,137
Other Notes and Loans Receivable, Net$102,237$136,763▲ $34,526
Cash and Non-Interest-Bearing Accounts$437,843$86,194▼ $351,649
Total Assets$2,740,549$2,669,466▼ $71,083
Liabilities
Other Liabilities$456,594$443,023▼ $13,571
Total Liabilities$456,594$443,023▼ $13,571
Net Assets / Fund Balance
Unrestricted Net Assets$1,880,305$1,820,487▼ $59,818
Permanently Rstr Net Assets$403,650$405,956▲ $2,306
Total Net Assets Fund Balance$2,283,955$2,226,443▼ $57,512
Total Liabilities and Net Assets / Fund Balance$2,740,549$2,669,466▼ $71,083

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,813,846$260,093$2,073,939
Land$289,587-$289,587
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry GeorgePresident
Bryan BeckDirector
Butch CampbellDirector
Byron QuintonDirector
Keith DeckerDirector
Ken MaleskiDirector
Mary Louise LogueDirector
William L HenryDirector
Brian SekulaSecretary
James KiferTreasurer
Don D LewisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$102,022
Program Service Revenue
$5,200
Investment Income
$4,757
Other Revenue
$-6,266
All Other Contributions
$26,400
Change in Net Assets
$-57,512

Audited Revenue Reconciliation

Revenue per Audited Statements
$105,713
Total Revenue per Audited Statements
$105,713
Total Revenue per Form 990
$105,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,319
Salaries, Compensation, and Employee Benefits$73,906
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,610--$65,610
Depreciation Depletion$49,978--$49,978
Occupancy$12,738--$12,738
Payroll Taxes$6,478--$6,478
Insurance$4,317--$4,317
Office Expenses$4,086--$4,086
Advertising$3,430--$3,430
Conferences and Meetings$3,028--$3,028
Fees for Services Legal$2,342--$2,342
Fees for Services Accounting$1,875--$1,875
Pension Plan Contributions$1,818--$1,818
Travel$1,171--$1,171
Interest$876--$876
Other Expenses$72--$72
Total Functional Expenses$163,225$0$0$163,225

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$163,225
Total Expenses per Audited Statements$163,225
Total Expenses per Form 990$163,225
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$442,523
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
Keith Decker
Title
Director
Phone
8142269045
Signed
2016-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Decker
Formed
1972
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
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.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0106609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0714613
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04757
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06280
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04451
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025760
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05200
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96520
IRS990ScheduleA/PublicSupportPY170Pct00.97770
IRS990ScheduleA/PublicSupportTotal170Amt0714613
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0102022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0284497
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0100157
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0121328
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0106609
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0714613
IRS990ScheduleA/TotalSupportAmt0740373
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0163225
IRS990ScheduleD/LandGrp/BookValueAmt0289587
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0289587
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01813846
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0260093
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02073939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0442523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0105713
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02103433
IRS990ScheduleD/TotalExpensesPerForm990Amt0163225
IRS990ScheduleD/TotalLiabilityAmt0443023
IRS990ScheduleD/TotalRevenuePerForm990Amt0105713
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0105713
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0163225
IRS990/ScheduleJRequiredInd0false
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/TotalAssetsBOYAmt02740549
IRS990/TotalAssetsEOYAmt02669466
IRS990/TotalAssetsGrp/BOYAmt02740549
IRS990/TotalAssetsGrp/EOYAmt02669466
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0102022
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0163225
IRS990/TotalFunctionalExpensesGrp/TotalAmt0163225
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0456594
IRS990/TotalLiabilitiesEOYAmt0443023
IRS990/TotalLiabilitiesGrp/BOYAmt0456594
IRS990/TotalLiabilitiesGrp/EOYAmt0443023
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02283955
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02226443
IRS990/TotalProgramServiceExpensesAmt0163225
IRS990/TotalProgramServiceRevenueAmt05200
IRS990/TotalRevenueGrp/ExclusionAmt0-1509
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0105713
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02740549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02669466
IRS990/TravelGrp/ProgramServicesAmt01171
IRS990/TravelGrp/TotalAmt01171
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01880305
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01820487
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011178 ROUTE 322
IRS990/USAddress/CityNm0SHIPPENVILLE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016254
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH DECKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08142269045
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-07
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/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG B RHOADS
ReturnHeader/ReturnTs02016-11-14T08:50:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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