Civic Intelligence

Albany-Dougherty Economic Development Commission Inc

990 • Fiscal year 2014 • EIN 26-2878181

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 30, 2014

125 Pine AvenueRoom/Suite 20031701

(229) 434-0044

Siviq Scores

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

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

34th percentile

0.02x

Higher debt load relative to revenue than 34% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

7th percentile

-17%

Higher net margin than 7% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

87th percentile

$148,470

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

7th percentile

-23%

Faster asset growth than 7% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Down

$466,470

Down $142,705 (-23%) from 2013

Net Assets

Down

$452,260

Down $127,095 (-22%) from 2013

Liabilities

Down

$14,210

Down $15,610 (-52%) from 2013

Revenue

$749,530

No earlier filing loaded for comparison.

Expenses

Up

$873,776

Up $205,664 (+31%) from 2013

Net Income

-$124,246

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $574,911Liabilities 2012: $32,973Net Assets 2012: $541,9382012Assets 2013: $609,175Liabilities 2013: $29,820Net Assets 2013: $579,3552013Assets 2014: $466,470Liabilities 2014: $14,210Net Assets 2014: $452,2602014Assets 2015: $306,169Liabilities 2015: $14,842Net Assets 2015: $291,3272015Assets 2016: $442,821Liabilities 2016: $16,030Net Assets 2016: $426,7912016Assets 2017: $559,395Liabilities 2017: $40,427Net Assets 2017: $518,9682017Assets 2018: $643,404Liabilities 2018: $33,619Net Assets 2018: $609,7852018Assets 2019: $665,053Liabilities 2019: $27,258Net Assets 2019: $637,7952019Assets 2020: $646,158Liabilities 2020: $8,184Net Assets 2020: $637,9742020Assets 2021: $712,117Liabilities 2021: $31,916Net Assets 2021: $680,2012021Assets 2022: $1,044,039Liabilities 2022: $120,850Net Assets 2022: $923,1892022Assets 2023: $1,131,010Liabilities 2023: $78,489Net Assets 2023: $1,052,5212023

Highlighted filing

2014

Assets$466,470
Liabilities$14,210
Net Assets$452,260

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $620,1182012Expenses 2013: $668,1122013Revenue 2014: $749,530Expenses 2014: $873,776Net Income 2014: -$124,2462014Revenue 2015: $761,804Expenses 2015: $922,740Net Income 2015: -$160,9362015Revenue 2016: $811,129Expenses 2016: $676,659Net Income 2016: $134,4702016Revenue 2017: $757,223Expenses 2017: $664,404Net Income 2017: $92,8192017Revenue 2018: $751,333Expenses 2018: $661,323Net Income 2018: $90,0102018Revenue 2019: $750,908Expenses 2019: $722,066Net Income 2019: $28,8422019Revenue 2020: $750,658Expenses 2020: $754,793Net Income 2020: -$4,1352020Revenue 2021: $750,761Expenses 2021: $414,289Net Income 2021: $336,4722021Revenue 2022: $705,570Expenses 2022: $464,889Net Income 2022: $240,6812022Revenue 2023: $725,191Expenses 2023: $591,228Net Income 2023: $133,9632023

Highlighted filing

2014

Revenue$749,530
Expenses$873,776
Net Income-$124,246
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 30, 2014
Return Version
2013v4.0
Gross Receipts
$749,530
Mission and Program Overview

Mission

The organization's focus is on business recruitment and development, business retention and expansion, and marketing and research for the albany-dougherty county, georgia area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$536,954$324,873▼ $212,081
Pledges and Grants Receivable$22,444$104,167▲ $81,723
Land, Buildings, and Equipment, Net$18,438$14,238▼ $4,200
Prepaid Expenses and Deferred Charges$15,605$12,294▼ $3,311
Intangible Assets$12,734$7,898▼ $4,836
Total Assets$609,175$466,470▼ $142,705
Other Assets Total$3,000$3,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$29,820$14,210▼ $15,610
Total Liabilities$29,820$14,210▼ $15,610
Net Assets / Fund Balance
Unrestricted Net Assets$577,744$452,260▼ $125,484
Temporarily Rstr Net Assets$1,611--
Total Net Assets Fund Balance$579,355$452,260▼ $127,095
Total Liabilities and Net Assets / Fund Balance$609,175$466,470▼ $142,705

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,890$22,462$33,352
Leasehold Improvements$3,348$558$3,906
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James T ClemPresident/ceFT$123,660$24,810$148,470
Justin K StricklandPresident/ceFT$71,650$7,509$79,159

Board Members and Trustees

NameTitle
Jay SmithChairman
Aaron JohnsonDirector
Anthony ParkerDirector
Bj FletcherDirector
Chad WarbingtonDirector
Chris HatcherDirector
Chris PikeDirector
Cynthia GeorgeDirector
James TaylorDirector
Jim DealDirector
Lamar HudginsDirector
Milan PatelDirector
Miles EspyDirector
Richard CrowdisDirector
Ron WallaceDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$748,388
Program Service Revenue
$0
Investment Income
$1,142
Other Revenue
$0
All Other Contributions
$248,388
Change in Net Assets
$-124,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$749,530
Total Revenue per Audited Statements
$749,530
Total Revenue per Form 990
$749,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$566,205
Salaries, Compensation, and Employee Benefits$307,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$435,826
Current Officers, Directors, Trustees, and Key Employees---$188,174
Other Salaries and Wages---$84,348
Occupancy---$38,837
Fees for Services Management---$35,000
Payroll Taxes---$19,255
Conferences and Meetings---$11,728
Pension Plan Contributions---$8,377
Travel---$8,060
Other Employee Benefits---$7,417
Depreciation Depletion---$6,186
Office Expenses---$5,056
Fees for Services Other---$4,638
Other Expenses---$4,093
Fees for Services Accounting---$3,250
Information Technology---$2,769
Insurance---$2,551
Total Functional Expenses$0$0$0$873,776

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$876,625
Expenses per Audited Statements$873,776
Total Expenses per Form 990$873,776
Expenses Not Reported on Form 990$2,849
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
No
Audit committee
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The commission uses the personnel of the albany area chamber of commerce, inc. For accounting.

Form 990, Page 6, Part VI, Line 6

The commission has 3 members: 1. Albany area chamber of commerce inc. 2. City of albany, georgia 3. Dougherty county, georgia

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

Each member appoints 4 directors. One from each is a permanent director by virtue of his/her office. The other 3 are appointed using staggered terms.

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

The president/ceo reviews the 990 intially with the preparer and prior to filing the return is distributed to the board of directors for review.

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

The ceo's salary and benefits package is reviewed and set annually by the board of directors. It is based on performance standards and industry standard benchmarks for similar positions.

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

Employees salaries are determined by the president/ceo as approved in the budget process.

Form 990, Page 6, Part VI, Line 19

Governing documents and policies of the commission are available for review at the commission's offices.

Filing and Contact Details

Filer

EIN
26-2878181
Phone
2294340044

Signing Officer

Name
Justin Strickland
Title
President/CEO
Phone
2294340044
Signed
2014-12-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Strickland
Formed
2008
Legal Domicile
Ga
Voting Board Members
12
Independent Board Members
12
Employees
4

Preparer

Preparer
W D Mcdaniel
Phone
2298836262
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference -2,849

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Book / tax depreciation difference 2,849

Raw XML Appendix395 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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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0104167
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015605
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012294
IRS990/PrincipalOfficerNm0JUSTIN STRICKLAND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0703088
IRS990/PYInvestmentIncomeAmt02441
IRS990/PYOtherExpensesAmt0317043
IRS990/PYRevenuesLessExpensesAmt037417
IRS990/PYSalariesCompEmpBnftPaidAmt0351069
IRS990/PYTotalExpensesAmt0668112
IRS990/PYTotalRevenueAmt0705529
IRS990/ReconcilationRevenueExpnssAmt0-124246
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0536954
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0324873
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/EquipmentGrp/BookValueAmt010890
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022462
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033352
IRS990ScheduleD/ExpensesNotReportedAmt02849
IRS990ScheduleD/ExpensesSubtotalAmt0873776
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03348
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0558
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03906
IRS990ScheduleD/OtherExpensesIncludedAmt02849
IRS990ScheduleD/RevenueSubtotalAmt0749530
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 2,849
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014238
IRS990ScheduleD/TotalExpensesPerForm990Amt0873776
IRS990ScheduleD/TotalRevenuePerForm990Amt0749530
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0749530
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0876625
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMMISSION USES THE PERSONNEL OF THE ALBANY AREA CHAMBER OF COMMERCE, INC. FOR ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMMISSION HAS 3 MEMBERS: 1. ALBANY AREA CHAMBER OF COMMERCE INC. 2. CITY OF ALBANY, GEORGIA 3. DOUGHERTY COUNTY, GEORGIA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER APPOINTS 4 DIRECTORS. ONE FROM EACH IS A PERMANENT DIRECTOR BY VIRTUE OF HIS/HER OFFICE. THE OTHER 3 ARE APPOINTED USING STAGGERED TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT/CEO REVIEWS THE 990 INTIALLY WITH THE PREPARER AND PRIOR TO FILING THE RETURN IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO'S SALARY AND BENEFITS PACKAGE IS REVIEWED AND SET ANNUALLY BY THE BOARD OF DIRECTORS. IT IS BASED ON PERFORMANCE STANDARDS AND INDUSTRY STANDARD BENCHMARKS FOR SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EMPLOYEES SALARIES ARE DETERMINED BY THE PRESIDENT/CEO AS APPROVED IN THE BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND POLICIES OF THE COMMISSION ARE AVAILABLE FOR REVIEW AT THE COMMISSION'S OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE -2,849
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01611
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0609175
IRS990/TotalAssetsEOYAmt0466470
IRS990/TotalAssetsGrp/BOYAmt0609175
IRS990/TotalAssetsGrp/EOYAmt0466470
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0748388
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0873776
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029820
IRS990/TotalLiabilitiesEOYAmt014210
IRS990/TotalLiabilitiesGrp/BOYAmt029820
IRS990/TotalLiabilitiesGrp/EOYAmt014210
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0579355
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0452260
IRS990/TotalOtherCompensationAmt032319
IRS990/TotalReportableCompFromOrgAmt0195310
IRS990/TotalRevenueGrp/ExclusionAmt01142
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0749530
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0609175
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0466470
IRS990/TravelGrp/TotalAmt08060
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0577744
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0452260
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10125 PINE AVENUE 200
IRS990/USAddress/City0ALBANY
IRS990/USAddress/State0GA
IRS990/USAddress/ZIPCode031701
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0HTTP://CHOOSEALBANY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN STRICKLAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02294340044
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-12-30
ReturnHeader/Filer/BusinessName/BusinessNameLine10ALBANY-DOUGHERTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine20DEVELOPMENT COMMISSION INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBA
ReturnHeader/Filer/EIN0262878181
ReturnHeader/Filer/PhoneNum02294340044
ReturnHeader/Filer/USAddress/AddressLine10125 PINE AVENUE
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 200
ReturnHeader/Filer/USAddress/City0ALBANY
ReturnHeader/Filer/USAddress/State0GA
ReturnHeader/Filer/USAddress/ZIPCode031701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205916591
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BROWN & MCDANIEL CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101500 DAWSON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0317073437
ReturnHeader/PreparerPersonGrp/PhoneNum02298836262
ReturnHeader/PreparerPersonGrp/PreparationDt02015-01-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W D MCDANIEL
ReturnHeader/ReturnTs02015-01-09T16:14:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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