Civic Intelligence

Clarion County Economic Development Corporation

990 • Fiscal year 2019 • EIN 25-1237688

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization Profile

View Organization Page

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

64th percentile

0.19x

Higher debt load relative to assets than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

4.61x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-93%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

21st percentile

-4.4%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$2,274,685

Down $103,530 (-4.4%) from 2018

Net Assets

Down

$1,839,885

Down $87,830 (-4.6%) from 2018

Liabilities

Down

$434,800

Down $15,700 (-3.5%) from 2018

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin3rd percentile

Revenue

Down

$94,396

Down $17,411 (-16%) from 2018

Expenses

Up

$182,226

Up $17,574 (+11%) from 2018

Net Income

Down

-$87,830

Down $34,985 (-66%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

2019

Assets$2,274,685
Liabilities$434,800
Net Assets$1,839,885
Open 2019 Filing

Operations Trend

Revenue Growth17th percentile

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

2019

Revenue$94,396
Expenses$182,226
Net Income-$87,830
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$266,501
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$1,777,038$1,558,308▼ $218,730
Savings and Temporary Cash Investments$386,795$599,252▲ $212,457
Other Notes and Loans Receivable, Net$99,331$72,866▼ $26,465
Cash and Non-Interest-Bearing Accounts$108,288$24,259▼ $84,029
Accounts Receivable-$20,000-
Pledges and Grants Receivable$5,896--
Prepaid Expenses and Deferred Charges$867--
Total Assets$2,378,215$2,274,685▼ $103,530
Liabilities
Other Liabilities$450,500$430,000▼ $20,500
Accounts Payable and Accrued Expenses-$4,800-
Total Liabilities$450,500$434,800▼ $15,700
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,513,485$1,419,092▼ $94,393
Net Assets With Donor Restrictions$414,230$420,793▲ $6,563
Total Net Assets Fund Balance$1,927,715$1,839,885▼ $87,830
Total Liabilities and Net Assets / Fund Balance$2,378,215$2,274,685▼ $103,530

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,326,721$423,335$1,750,056
Land$231,587-$231,587
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
James KiferPresident
Dr Pamela GentDirector
Dr Robert PehrssonDirector
Jason L HansfordDirector
Josh LesniakDirector
Keith DeckerDirector
Laura HensleyDirector
Ted TharanDirector
Terry GeorgeDirector
William HenryDirector
Millissa BauerSecretary/tr
Mary Louise LogueVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$96,423
Program Service Revenue
$3,000
Investment Income
$-19,945
Other Revenue
$14,918
Change in Net Assets
$-87,830

Audited Revenue Reconciliation

Revenue per Audited Statements
$94,396
Total Revenue per Audited Statements
$94,396
Total Revenue per Form 990
$94,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,132
Salaries, Compensation, and Employee Benefits$74,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,050--$68,050
Depreciation Depletion$49,978--$49,978
Advertising$13,799--$13,799
Fees for Services Other$12,967--$12,967
Occupancy$10,406--$10,406
Payroll Taxes$6,044--$6,044
Insurance$5,767--$5,767
Conferences and Meetings$4,636--$4,636
Office Expenses$4,258--$4,258
Other Expenses$1,821--$1,821
Fees for Services Accounting$1,721--$1,721
Travel$841--$841
Total Functional Expenses$182,226$0$0$182,226

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$182,226
Total Expenses per Audited Statements$182,226
Total Expenses per Form 990$182,226
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$430,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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 6

“The organization has members, but the members have no governing or voting rights. Individuals, businesses and organizations can become a member with a fee ranging from 100 to 1000 depending on the type and size of the entity.”

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 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
Millissa Bauer
Title
Secretary/treasurer
Phone
8142269045
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Millissa Bauer
Formed
1972
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
12
Employees
3

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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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0102022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0492727
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025937
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017995
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt019088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018191
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04757
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt085968
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09000
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt0615
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IRS990ScheduleA/TotalSupportAmt0579310
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0231587
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01326721
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0423335
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01750056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0430000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt094396
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01558308
IRS990ScheduleD/TotalExpensesPerForm990Amt0182226
IRS990ScheduleD/TotalLiabilityAmt0430000
IRS990ScheduleD/TotalRevenuePerForm990Amt094396
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt094396
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0182226
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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 ORGANIZATION HAS MEMBERS, BUT THE MEMBERS HAVE NO GOVERNING OR VOTING RIGHTS. INDIVIDUALS, BUSINESSES AND ORGANIZATIONS CAN BECOME A MEMBER WITH A FEE RANGING FROM 100 TO 1000 DEPENDING ON THE TYPE AND SIZE OF THE ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3MEMBER ASKED TO RESIGN FROM BOARD OR REMOVE THE CONFLICT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE FOR PUBLIC INSPECTION DURING NORMAL WORKING HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt096423
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0182226
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0450500
IRS990/TotalLiabilitiesEOYAmt0434800
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-22132
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IRS990/TravelGrp/TotalAmt0841
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0633 MAYFIELD DRIVE
IRS990/USAddress/AddressLine2Txt0PO BOX 765
IRS990/USAddress/CityNm0CLARION
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016214
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MILLISSA BAUER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08142269045
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
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
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.79.197.232
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:36:44
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/PreparationDt02020-11-16

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,274,685
Liabilities
$434,800
Net assets
$1,839,885
Revenue
$94,396
Expenses
$182,226
Net income
-$87,830
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
2019Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits