Civic Intelligence

Somerset County Economic Development Council

990 • Fiscal year 2020 • EIN 25-6010909

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.SCEDC.NET
PO Box 48Somerset, PA 15501

(814) 445-9655

Siviq Scores

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

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.23x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

19th percentile

-6.7%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

29th percentile

-1.2%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

23%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$1,877,290

Down $23,399 (-1.2%) from 2019

Net Assets

Down

$1,840,333

Down $10,546 (-0.6%) from 2019

Liabilities

Down

$36,957

Down $12,853 (-26%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin19th percentile

Revenue

Up

$157,341

Up $29,241 (+23%) from 2019

Expenses

Up

$167,887

Up $16,848 (+11%) from 2019

Net Income

Up

-$10,546

Up $12,393 (+54%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,651,696Liabilities 2012: $492,751Net Assets 2012: $2,158,9452012Assets 2013: $2,496,624Liabilities 2013: $453,989Net Assets 2013: $2,042,6352013Assets 2014: $2,091,724Liabilities 2014: $182,222Net Assets 2014: $1,909,5022014Assets 2015: $2,069,678Liabilities 2015: $187,670Net Assets 2015: $1,882,0082015Assets 2016: $1,992,268Liabilities 2016: $147,777Net Assets 2016: $1,844,4912016Assets 2017: $2,082,876Liabilities 2017: $199,053Net Assets 2017: $1,883,8232017Assets 2018: $1,941,473Liabilities 2018: $67,655Net Assets 2018: $1,873,8182018Assets 2019: $1,900,689Liabilities 2019: $49,810Net Assets 2019: $1,850,8792019Assets 2020: $1,877,290Liabilities 2020: $36,957Net Assets 2020: $1,840,3332020Assets 2021: $1,874,127Liabilities 2021: $8,735Net Assets 2021: $1,865,3922021Assets 2022: $1,922,592Liabilities 2022: $7,856Net Assets 2022: $1,914,7362022Assets 2023: $150,032Liabilities 2023: $4,147Net Assets 2023: $145,8852023Assets 2024: $144,130Liabilities 2024: $4,190Net Assets 2024: $139,9402024

Highlighted filing

2020

Assets$1,877,290
Liabilities$36,957
Net Assets$1,840,333
Open 2020 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.0M$0-$1.0M-$2.0MExpenses 2012: $232,8072012Revenue 2013: $125,490Expenses 2013: $241,800Net Income 2013: -$116,3102013Revenue 2014: $63,784Expenses 2014: $196,917Net Income 2014: -$133,1332014Revenue 2015: $128,212Expenses 2015: $155,706Net Income 2015: -$27,4942015Revenue 2016: $138,473Expenses 2016: $175,990Net Income 2016: -$37,5172016Revenue 2017: $263,221Expenses 2017: $223,890Net Income 2017: $39,3312017Revenue 2018: $285,266Expenses 2018: $295,271Net Income 2018: -$10,0052018Revenue 2019: $128,100Expenses 2019: $151,039Net Income 2019: -$22,9392019Revenue 2020: $157,341Expenses 2020: $167,887Net Income 2020: -$10,5462020Revenue 2021: $93,709Expenses 2021: $68,650Net Income 2021: $25,0592021Revenue 2022: $74,120Expenses 2022: $24,776Net Income 2022: $49,3442022Revenue 2023: -$1,541,086Expenses 2023: $227,765Net Income 2023: -$1,768,8512023Revenue 2024: $0Expenses 2024: $5,945Net Income 2024: -$5,9452024

Highlighted filing

2020

Revenue$157,341
Expenses$167,887
Net Income-$10,546
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$157,341
Mission and Program Overview

Mission

The organization was created for the economic development of somerset county, pennsylvania, with it's mission to promote industrial, commercial and retail growth in the county by recruiting and assisting new firms to locate in the county, while helping existing companies to retain or expand employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,630,037$1,630,037→ $0
Cash and Non-Interest-Bearing Accounts$119,560$135,375▲ $15,815
Other Notes and Loans Receivable, Net$131,866$107,530▼ $24,336
Prepaid Expenses and Deferred Charges$4,853$2,472▼ $2,381
Savings and Temporary Cash Investments$1,253$1,256▲ $3
Accounts Receivable$13,120$620▼ $12,500
Total Assets$1,900,689$1,877,290▼ $23,399
Liabilities
Accounts Payable and Accrued Expenses$16,392$17,017▲ $625
Unsecured Notes Loans Payable-$15,000-
Deferred Revenue$33,418$4,940▼ $28,478
Total Liabilities$49,810$36,957▼ $12,853
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,637,003$1,654,936▲ $17,933
Net Assets With Donor Restrictions$213,876$185,397▼ $28,479
Total Net Assets Fund Balance$1,850,879$1,840,333▼ $10,546
Total Liabilities and Net Assets / Fund Balance$1,900,689$1,877,290▼ $23,399

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,630,037-$1,630,037
Equipment-$66,474$66,474
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Cassie MoonPresident
Brandon HillegasDirector
Chris BurtnerDirector
Colleen DawsonDirector
Gerald WalkerDirector
J C DanhiresDirector
Jeremy HooverDirector
Matthew LivingoodDirector
Ned KendallDirector
Pamela Tokar-ickesDirector
Ruston OgburnDirector
Steven BuncichSec/treas
Kathy BerkebileVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$154,480
Program Service Revenue
$0
Investment Income
$2,618
Other Revenue
$243
Change in Net Assets
$-10,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$121,682
Other Expenses$46,205
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$96,076--$96,076
Other Employee Benefits$16,197--$16,197
Fees for Services Accounting$15,000--$15,000
Payroll Taxes$9,409--$9,409
Office Expenses$9,330--$9,330
Occupancy$6,624--$6,624
Payment Travel Entrtnmnt Publicly Ofcl$5,317--$5,317
Insurance$3,798--$3,798
Conferences and Meetings$3,790--$3,790
Advertising$1,673--$1,673
Other Expenses$149--$149
Total Functional Expenses$167,887$0$0$167,887
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
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

“Organization has members who pay membership fees based on type of entity.”

Form 990, Page 6, Part VI, Line 7A

“Directors are elected by the organization membership”

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

“A copy of the form 990 is provided to the council offices for review and approval prior to filing.”

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

“Each officer/director/employee is given a copy of the code of ethics which includes the conflict of interest policy. The code of ethics requires conflicts of interest to be disclosed by the respective officer/director/employee and prohibits such individual from participating in deliberations and voting on actions concerning such matter. The disclosure shall be made part of the minutes of the organization. The policy calls for disciplinary action if required conflict of interest disclosure is not made.”

Form 990, Page 6, Part VI, Line 18

“Governing documents and forms 990 are available to public for review upon request at the council offices in somerset, pa”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Somerset County Economic Developmen
EIN
25-6010909
Phone
8144459655
Address
PO BOX 48, SOMERSET, PA 15501

Signing Officer

Name
Cassie Moon
Title
President
Phone
8144459655
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cassie Moon
Formed
1957
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
Employees
2

Preparer

Firm
Barnes Saly & Company Pc
Address
637 FERNDALE AVENUE SUITE 100, JOHNSTOWN, PA 15905-3999
Preparer
Tiffany Wetzel-sturtz CPA
Phone
8142881544
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization was created for the economic development of somerset county, pennsylvania, with it's mission to promote industrial, commercial and retail growth in the county by recruiting and assisting new firms to locate in the county, while helping existing companies to retain or expand employment.”

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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/PYRevenuesLessExpensesAmt0-22939
IRS990/PYSalariesCompEmpBnftPaidAmt094531
IRS990/PYTotalExpensesAmt0151039
IRS990/PYTotalRevenueAmt0128100
IRS990/ReconcilationRevenueExpnssAmt0-10546
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01253
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01256
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066474
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066474
IRS990ScheduleD/LandGrp/BookValueAmt01630037
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01630037
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01630037
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS CREATED FOR THE ECONOMIC DEVELOPMENT OF SOMERSET COUNTY, PENNSYLVANIA, WITH IT'S MISSION TO PROMOTE INDUSTRIAL, COMMERCIAL AND RETAIL GROWTH IN THE COUNTY BY RECRUITING AND ASSISTING NEW FIRMS TO LOCATE IN THE COUNTY, WHILE HELPING EXISTING COMPANIES TO RETAIN OR EXPAND EMPLOYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS MEMBERS WHO PAY MEMBERSHIP FEES BASED ON TYPE OF ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE ELECTED BY THE ORGANIZATION MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS PROVIDED TO THE COUNCIL OFFICES FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH OFFICER/DIRECTOR/EMPLOYEE IS GIVEN A COPY OF THE CODE OF ETHICS WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THE CODE OF ETHICS REQUIRES CONFLICTS OF INTEREST TO BE DISCLOSED BY THE RESPECTIVE OFFICER/DIRECTOR/EMPLOYEE AND PROHIBITS SUCH INDIVIDUAL FROM PARTICIPATING IN DELIBERATIONS AND VOTING ON ACTIONS CONCERNING SUCH MATTER. THE DISCLOSURE SHALL BE MADE PART OF THE MINUTES OF THE ORGANIZATION. THE POLICY CALLS FOR DISCIPLINARY ACTION IF REQUIRED CONFLICT OF INTEREST DISCLOSURE IS NOT MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FORMS 990 ARE AVAILABLE TO PUBLIC FOR REVIEW UPON REQUEST AT THE COUNCIL OFFICES IN SOMERSET, PA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
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 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01900689
IRS990/TotalAssetsEOYAmt01877290
IRS990/TotalAssetsGrp/BOYAmt01900689
IRS990/TotalAssetsGrp/EOYAmt01877290
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0154480
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0167887
IRS990/TotalFunctionalExpensesGrp/TotalAmt0167887
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049810
IRS990/TotalLiabilitiesEOYAmt036957
IRS990/TotalLiabilitiesGrp/BOYAmt049810
IRS990/TotalLiabilitiesGrp/EOYAmt036957
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01850879
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01840333
IRS990/TotalRevenueGrp/ExclusionAmt02618
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0243
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0157341
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01900689
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01877290
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt015000
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.SCEDC.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CASSIE MOON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08144459655
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERSET COUNTY ECONOMIC DEVELOPMEN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COUNCIL
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0256010909
ReturnHeader/Filer/PhoneNum08144459655
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 48
ReturnHeader/Filer/USAddress/CityNm0SOMERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364775872
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARNES SALY & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0637 FERNDALE AVENUE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JOHNSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0159053999
ReturnHeader/PreparerPersonGrp/PhoneNum08142881544
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIFFANY WETZEL-STURTZ CPA
ReturnHeader/ReturnTs02021-11-15T14:41:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CASSIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MOON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,877,290
Liabilities
$36,957
Net assets
$1,840,333
Revenue
$157,341
Expenses
$167,887
Net income
-$10,546
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$1.54$0.23$1.77
2022Detailed filing. Detailed filing data is available for this year.$1.92$0.01$1.91$0.07$0.02$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.87$0.01$1.87$0.09$0.07$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.88$0.04$1.84$0.16$0.17$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.90$0.05$1.85$0.13$0.15$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.94$0.07$1.87$0.29$0.30$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.08$0.20$1.88$0.26$0.22$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.99$0.15$1.84$0.14$0.18$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.07$0.19$1.88$0.13$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.18$1.91$0.06$0.20$0.13
2013Detailed filing. Detailed filing data is available for this year.$2.50$0.45$2.04$0.13$0.24$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.49$2.16$0.23