Civic Intelligence

Albany-Dougherty Economic Development Commission Inc

990 • Fiscal year 2015 • EIN 26-2878181

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 17, 2016

125 Pine Avenue Suite 200Albany, GA 31701

(229) 434-0044

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

0.02x

Higher debt load relative to revenue than 35% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

6th percentile

-21%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

80th percentile

$123,851

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

4th percentile

-34%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

1.6%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$306,169

Down $160,301 (-34%) from 2014

Net Assets

Down

$291,327

Down $160,933 (-36%) from 2014

Liabilities

Up

$14,842

Up $632 (+4.4%) from 2014

Revenue

Up

$761,804

Up $12,274 (+1.6%) from 2014

Expenses

Up

$922,740

Up $48,964 (+5.6%) from 2014

Net Income

Down

-$160,936

Down $36,690 (-30%) from 2014

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

2015

Assets$306,169
Liabilities$14,842
Net Assets$291,327

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

2015

Revenue$761,804
Expenses$922,740
Net Income-$160,936
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 17, 2016
Return Version
2014v6.0
Gross Receipts
$761,804
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
Pledges and Grants Receivable$104,167$153,333▲ $49,166
Savings and Temporary Cash Investments$324,873$112,946▼ $211,927
Land, Buildings, and Equipment, Net$14,238$16,071▲ $1,833
Prepaid Expenses and Deferred Charges$12,294$9,622▼ $2,672
Intangible Assets$7,898$6,197▼ $1,701
Accounts Receivable-$5,000-
Total Assets$466,470$306,169▼ $160,301
Other Assets Total$3,000$3,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$14,210$14,842▲ $632
Total Liabilities$14,210$14,842▲ $632
Net Assets / Fund Balance
Unrestricted Net Assets$452,260$291,327▼ $160,933
Total Net Assets Fund Balance$452,260$291,327▼ $160,933
Total Liabilities and Net Assets / Fund Balance$466,470$306,169▼ $160,301

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,158$18,693$31,851
Other Land Buildings$123$19,973$20,096
Leasehold Improvements$2,790$1,116$3,906
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin K StricklandPresident/ceFT$110,375$13,476$123,851
Ted ClemPresident/ceFT$24,429$2,081$26,510

Board Members and Trustees

NameTitle
Jay SmithChairman
Anthony ParkerDirector
Bj FletcherDirector
Chad WarbingtonDirector
Chris HatcherDirector
Ed NewsomeDirector
Jim DealDirector
Lamar HudginsDirector
Milan PatelDirector
Richard CrowdisDirector
Tom BerryDirector
Tommy ClarkDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$750,000
Program Service Revenue
$0
Investment Income
$616
Other Revenue
$11,188
All Other Contributions
$250,000
Change in Net Assets
$-160,936

Audited Revenue Reconciliation

Revenue per Audited Statements
$761,804
Total Revenue per Audited Statements
$761,804
Total Revenue per Form 990
$761,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$592,332
Salaries, Compensation, and Employee Benefits$330,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$462,730
Current Officers, Directors, Trustees, and Key Employees---$142,355
Other Salaries and Wages---$135,955
Occupancy---$38,637
Fees for Services Management---$35,000
Payroll Taxes---$20,372
Other Employee Benefits---$19,436
Conferences and Meetings---$18,580
Pension Plan Contributions---$12,290
Office Expenses---$11,275
Depreciation Depletion---$5,951
Other Expenses---$4,758
Fees for Services Accounting---$3,400
Insurance---$3,244
Travel---$1,284
Total Functional Expenses$0$0$0$922,740

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$922,740
Expenses per Audited Statements$922,737
Total Expenses per Audited Statements$922,737
Expenses Not Reported on Financial Statements$3
Other Expense Adjustments$3
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
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

Filer Name
Albany-dougherty Economic
EIN
26-2878181
Phone
2294340044
Address
125 PINE AVENUE SUITE 200, ALBANY, GA 31701

Signing Officer

Name
Justin Strickland
Title
President/CEO
Phone
2294340044
Signed
2016-02-17
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

Firm
Brown & Mcdaniel Cpas LLC
Address
1500 DAWSON RD, ALBANY, GA 31707-3437
Preparer
W D Mcdaniel
Phone
2298836262
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference 3

Financial Statement Notes

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

Book / tax depreciation difference 3

Raw XML Appendix379 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/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0324873
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0112946
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/BookValueAmt013158
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018693
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031851
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03
IRS990ScheduleD/ExpensesSubtotalAmt0922737
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02790
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01116
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03906
IRS990ScheduleD/OtherExpensesNotIncludedAmt03
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0123
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019973
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020096
IRS990ScheduleD/RevenueSubtotalAmt0761804
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 3
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016071
IRS990ScheduleD/TotalExpensesPerForm990Amt0922740
IRS990ScheduleD/TotalRevenuePerForm990Amt0761804
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0761804
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0922737
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 3
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/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0466470
IRS990/TotalAssetsEOYAmt0306169
IRS990/TotalAssetsGrp/BOYAmt0466470
IRS990/TotalAssetsGrp/EOYAmt0306169
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0750000
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0922740
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014210
IRS990/TotalLiabilitiesEOYAmt014842
IRS990/TotalLiabilitiesGrp/BOYAmt014210
IRS990/TotalLiabilitiesGrp/EOYAmt014842
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0452260
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0291327
IRS990/TotalOtherCompensationAmt015557
IRS990/TotalReportableCompFromOrgAmt0134804
IRS990/TotalRevenueGrp/ExclusionAmt011804
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0761804
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0466470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0306169
IRS990/TravelGrp/TotalAmt01284
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0452260
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0291327
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0125 PINE AVENUE 200
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031701
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0HTTP://CHOOSEALBANY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN STRICKLAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02294340044
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBANY-DOUGHERTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT COMMISSION INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBA
ReturnHeader/Filer/EIN0262878181
ReturnHeader/Filer/PhoneNum02294340044
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 PINE AVENUE SUITE 200
ReturnHeader/Filer/USAddress/CityNm0ALBANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd031701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205916591
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN & MCDANIEL CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01500 DAWSON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0317073437
ReturnHeader/PreparerPersonGrp/PhoneNum02298836262
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W D MCDANIEL
ReturnHeader/ReturnTs02016-02-17T18:06:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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