Civic Intelligence

Somerset County Economic Development Council

990 • Fiscal year 2013 • EIN 25-6010909

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

Organization ProfileWWW.SCEDC.NET
PO Box 4815501

(814) 445-9655

Siviq Scores

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

Liabilities / Assets

48th percentile

0.18x

Higher debt load relative to assets than 48% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

99th percentile

3.62x

Higher debt load relative to revenue than 99% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Net Margin

1st percentile

-93%

Higher net margin than 1% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Asset Growth

18th percentile

-5.8%

Faster asset growth than 18% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$2,496,624

Down $155,072 (-5.8%) from 2012

Net Assets

Down

$2,042,635

Down $116,310 (-5.4%) from 2012

Liabilities

Down

$453,989

Down $38,762 (-7.9%) from 2012

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

$125,490

No earlier filing loaded for comparison.

Expenses

Up

$241,800

Up $8,993 (+3.9%) from 2012

Net Income

-$116,310

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2013

Assets$2,496,624
Liabilities$453,989
Net Assets$2,042,635
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2013

Revenue$125,490
Expenses$241,800
Net Income-$116,310
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$136,975
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.

The organization was created for the economic development of somerset county, pennsylvania, with its 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$1,931,879$1,928,784▼ $3,095
Savings and Temporary Cash Investments$610,027$456,769▼ $153,258
Cash and Non-Interest-Bearing Accounts$42,819$43,335▲ $516
Other Notes and Loans Receivable, Net$61,016$39,962▼ $21,054
Receivables From Officers Etc-$22,665-
Prepaid Expenses and Deferred Charges$2,715$3,596▲ $881
Accounts Receivable$3,240$1,513▼ $1,727
Total Assets$2,651,696$2,496,624▼ $155,072
Liabilities
Deferred Revenue$271,445$238,588▼ $32,857
Mortgage Notes Payable Secured by Investment Property$203,700$203,624▼ $76
Other Liabilities$9,379$6,306▼ $3,073
Accounts Payable and Accrued Expenses$8,227$5,471▼ $2,756
Total Liabilities$492,751$453,989▼ $38,762
Net Assets / Fund Balance
Unrestricted Net Assets$2,016,390$1,898,142▼ $118,248
Permanently Rstr Net Assets$142,555$144,493▲ $1,938
Total Net Assets Fund Balance$2,158,945$2,042,635▼ $116,310
Total Liabilities and Net Assets / Fund Balance$2,651,696$2,496,624▼ $155,072

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,915,129-$1,915,129
Buildings$10,197$71,446$81,643
Equipment$3,458$63,016$66,474
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Gary BentzPresident
Anthony RizzoDirector
Dan MarchDirector
Denny PlattDirector
Guy BerkebileDirector
Jeff LatuchDirector
Joe BettaDirector
John P VatavukDirector
Jon WahlDirector
Julie KregerDirector
Lenny LottigDirector
Linda OesterDirector
Mark AlbrightDirector
Mark FolkDirector
Matt MaurerDirector
Mike HruskaDirector
Pam Tokar-ickesDirector
Randy MusserDirector
Steven BuncichDirector
Tom BoydDirector
Walter AsonevichDirector
G Henry Cook1st VP
James Zimmerman2nd VP
Hank ParkeAsst Sec/tre
Rich BauerFormer Secre
Ruston OgburnSecretary
Gerald LentzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,643
Program Service Revenue
$12,488
Investment Income
$749
Other Revenue
$3,610
All Other Contributions
$10,500
Change in Net Assets
$-116,310
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$147,211
Other Expenses$94,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$122,029
Advertising---$47,245
Other Employee Benefits---$12,194
Payroll Taxes---$10,566
Fees for Services Accounting---$6,355
All Other Expenses---$5,174
Occupancy---$4,791
Office Expenses---$4,691
Insurance---$3,454
Travel---$3,356
Depreciation Depletion---$3,095
Pension Plan Contributions---$2,422
Other Expenses---$2,207
Conferences and Meetings---$623
Total Functional Expenses$0$0$0$241,800
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,095
Fundraising Direct Expenses$11,485
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$15,095$15,095$11,485$3,610
Total Events$15,095$15,095$11,485$3,610
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$22,665-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant Funds/interest Due to Dced$6,306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 somerset county economic development council has members who pay membership fees based on the type of entity.”

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

“Directors of the council are elected by the council 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 copy of code of ethics which includes 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 19

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

Filing and Contact Details

Filer

EIN
25-6010909
Phone
8144459655

Signing Officer

Name
Gary Dufour
Title
Executive Director
Phone
8144459655
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Dufour Executive Director
Formed
1957
Legal Domicile
Pa
Voting Board Members
24
Independent Board Members
24
Employees
2

Preparer

Preparer
Lauren R Hemming CPA
Phone
8144458961
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization was created for the economic development of somerset county, pennsylvania, with its 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt31ST VP
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASST SEC/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22FORMER SECRE
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
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IRS990/FundraisingGrossIncomeAmt015095
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IRS990/MinutesOfCommitteesInd0true
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IRS990/OfficeExpensesGrp/TotalAmt04691
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012194
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1INTEREST
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
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IRS990/OtherExpensesGrp/TotalAmt22332
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0122029
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IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0GOLF/BANQUET

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,496,624
Liabilities
$453,989
Net assets
$2,042,635
Revenue
$125,490
Expenses
$241,800
Net income
-$116,310
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