Civic Intelligence

Shiawassee Economic Development

990 • Fiscal year 2015 • EIN 26-3911625

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

Organization ProfileWWW.SEDPWEB.ORG
215 N WaterOwosso, MI 48867

(989) 725-9241

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

51st percentile

3.0%

Higher net margin than 51% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$74,775

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 25.1% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

51st percentile

2.8%

Faster asset growth than 51% of similar nonprofits.

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

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$172,766

Up $4,651 (+2.8%) from 2014

Net Assets

Up

$172,766

Up $4,651 (+2.8%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin51st percentile

Revenue

Down

$297,340

Down $59,003 (-17%) from 2014

Expenses

Down

$288,467

Down $12,393 (-4.1%) from 2014

Net Income

Down

$8,873

Down $46,610 (-84%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$600K$400K$200K$0Assets 2010: $48,633Liabilities 2010: $247Net Assets 2010: $48,3862010Assets 2011: $83,197Liabilities 2011: $126Net Assets 2011: $83,0712011Assets 2012: $101,724Liabilities 2012: $0Net Assets 2012: $101,7242012Assets 2013: $115,339Liabilities 2013: $0Net Assets 2013: $115,3392013Assets 2014: $168,115Liabilities 2014: $0Net Assets 2014: $168,1152014Assets 2015: $172,766Liabilities 2015: $0Net Assets 2015: $172,7662015Assets 2016: $95,181Liabilities 2016: $0Net Assets 2016: $95,1812016Assets 2017: $72,654Liabilities 2017: $3,236Net Assets 2017: $69,4182017Assets 2018: $97,547Liabilities 2018: $3,920Net Assets 2018: $93,6272018Assets 2019: $104,587Liabilities 2019: $4,067Net Assets 2019: $100,5202019Assets 2020: $348,267Liabilities 2020: $120,638Net Assets 2020: $227,6292020Assets 2021: $386,438Liabilities 2021: $8,344Net Assets 2021: $378,0942021Assets 2022: $285,543Liabilities 2022: $11,748Net Assets 2022: $273,7952022Assets 2023: $340,020Liabilities 2023: $7,302Net Assets 2023: $332,7182023Assets 2024: $559,266Liabilities 2024: $5,155Net Assets 2024: $554,1112024

Highlighted filing

2015

Assets$172,766
Liabilities$0
Net Assets$172,766
Open 2015 Filing

Operations Trend

Revenue Growth19th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $221,2442010Expenses 2011: $207,0222011Expenses 2012: $278,3482012Revenue 2013: $297,005Expenses 2013: $283,390Net Income 2013: $13,6152013Revenue 2014: $356,343Expenses 2014: $300,860Net Income 2014: $55,4832014Revenue 2015: $297,340Expenses 2015: $288,467Net Income 2015: $8,8732015Revenue 2016: $408,585Expenses 2016: $487,666Net Income 2016: -$79,0812016Revenue 2017: $327,261Expenses 2017: $354,494Net Income 2017: -$27,2332017Revenue 2018: $381,146Expenses 2018: $354,047Net Income 2018: $27,0992018Revenue 2019: $410,604Expenses 2019: $405,704Net Income 2019: $4,9002019Revenue 2020: $558,720Expenses 2020: $431,962Net Income 2020: $126,7582020Revenue 2021: $687,438Expenses 2021: $546,080Net Income 2021: $141,3582021Revenue 2022: $468,084Expenses 2022: $530,309Net Income 2022: -$62,2252022Revenue 2023: $750,354Expenses 2023: $718,091Net Income 2023: $32,2632023Revenue 2024: $1,019,599Expenses 2024: $819,798Net Income 2024: $199,8012024

Highlighted filing

2015

Revenue$297,340
Expenses$288,467
Net Income$8,873
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$297,340
Mission and Program Overview

Mission

To improve shiawassee county's economy through a program of business attraction, retention, expansion, and entrepreneurial development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$90,073$95,819▲ $5,746
Investments in Publicly Traded Securities$48,878$47,260▼ $1,618
Savings and Temporary Cash Investments$29,164$29,687▲ $523
Total Assets$168,115$172,766▲ $4,651
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$168,115$172,766▲ $4,651
Total Net Assets Fund Balance$168,115$172,766▲ $4,651
Total Liabilities and Net Assets / Fund Balance$168,115$172,766▲ $4,651
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Justin HorvathPresident/ceFT$74,775$74,775

Board Members and Trustees

NameTitle
Amy Roddy City of DurandBoard Chair
Danny Miller Owosso Charter TwpVice Chair
Aaron Maike Baker College of OwossoTrustee
Bradley Kirkland Fifth Third BankTrustee
Brian Long Memorial HealthcareTrustee
Chris Thelen Consumers EnergyTrustee
David Schulte Shiawassee ResdTrustee
Don Crawford City of OwossoTrustee
Don Levi Chemical BankTrustee
Jeff Deason Chamber of CommerceTrustee
Joe Sawyer City of CorunnaTrustee
John Horvath Shiawassee County GovTrustee
Paul Cook Wolverine Sign WorksTrustee
Tom Campbell the Argus PressTrustee
Sidney Grinnell Perry TownshipSecretary
Bruce Cook Cook Family FoundationTeasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,933
Program Service Revenue
$263,127
Investment Income
$3,127
Other Revenue
$27,153
All Other Contributions
$500
Change in Net Assets
$8,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$297,340
Total Revenue per Audited Statements
$297,340
Total Revenue per Form 990
$297,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$150,730
Salaries, Compensation, and Employee Benefits$137,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$81,656
Advertising---$62,173
Other Salaries and Wages---$40,915
Fees for Services Other---$21,305
Occupancy---$15,879
Conferences and Meetings---$10,240
Payroll Taxes---$9,299
Other Expenses---$5,673
Other Employee Benefits---$4,638
Fees for Services Legal---$4,535
Travel---$2,399
Insurance---$2,177
Office Expenses---$1,750
Fees for Services Accounting---$1,450
Pension Plan Contributions---$1,229
Total Functional Expenses$0$0$0$288,467

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$288,467
Total Expenses per Audited Statements$288,467
Total Expenses per Form 990$288,467
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
Audit committee
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
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 7A

“Each investor making a 5000 annual contribution is entitled to a seat on the board of directors.”

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

“Board representative review of completed filing.”

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

“Reviewed via disclosures by board of directors and staff.”

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

“Performance assessments provide a basis for compensation in conjunction with market analysis of similar functions. Compensation contracts are approved by the board.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Shiawassee Economic Development
EIN
26-3911625
Phone
9897259241
Address
215 N WATER, OWOSSO, MI 48867

Signing Officer

Name
Justin Horvath
Title
President/CEO
Phone
9897259241
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Horvath
Formed
2009
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
2

Preparer

Firm
Vmd & Associates Pllc
Address
PO BOX 37, OWOSSO, MI 48867-0037
Preparer
Randy F Meder
Phone
9897238171
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Assist shiawassee county residents in starting and growing their own businesses by providing business support services.”

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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/OtherRevenueMiscGrp/Desc0OTHER REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027153
IRS990/OtherRevenueTotalAmt027153
IRS990/OtherSalariesAndWagesGrp/TotalAmt040915
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt09299
IRS990/PensionPlanContributionsGrp/TotalAmt01229
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JUSTIN HORVATH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER INVESTMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0263127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0263127
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS ATTRACTION: DESIGN AND IMPLEMENT A MARKETING PROGRAM TO SHOWCASE SHIAWASSEE COUNTY AS A BUSINESS DESTINTION AND FOR INTERESTED PARTIES PROVIDE ASSISTANCE SIMILAR TO EXISTING BUSINESS CLIENTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0INVESTOR PUBLIC RELATIONS: INCREASE THE KNOWLEDGE AND AWARENESS OF SEDP ACTIVITIES AND OFFERINGS WITH MEMBERS, COMMUNITY GROUPS, PUBLIC, AND ECONOMIC DEVELOPMENT PEERS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ASSIST SHIAWASSEE COUNTY RESIDENTS IN STARTING AND GROWING THEIR OWN BUSINESSES BY PROVIDING BUSINESS SUPPORT SERVICES.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03933
IRS990/PYInvestmentIncomeAmt02492
IRS990/PYOtherExpensesAmt0167235
IRS990/PYOtherRevenueAmt086749
IRS990/PYProgramServiceRevenueAmt0263169
IRS990/PYRevenuesLessExpensesAmt055483
IRS990/PYSalariesCompEmpBnftPaidAmt0133625
IRS990/PYTotalExpensesAmt0300860
IRS990/PYTotalRevenueAmt0356343
IRS990/ReconcilationRevenueExpnssAmt08873
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt03433
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt029164
IRS990/SavingsAndTempCashInvstGrp/EOYAmt029687
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0288467
IRS990ScheduleD/RevenueSubtotalAmt0297340
IRS990ScheduleD/TotalExpensesPerForm990Amt0288467
IRS990ScheduleD/TotalRevenuePerForm990Amt0297340
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0297340
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0288467
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSIST SHIAWASSEE COUNTY RESIDENTS IN STARTING AND GROWING THEIR OWN BUSINESSES BY PROVIDING BUSINESS SUPPORT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH INVESTOR MAKING A 5000 ANNUAL CONTRIBUTION IS ENTITLED TO A SEAT ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REPRESENTATIVE REVIEW OF COMPLETED FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED VIA DISCLOSURES BY BOARD OF DIRECTORS AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERFORMANCE ASSESSMENTS PROVIDE A BASIS FOR COMPENSATION IN CONJUNCTION WITH MARKET ANALYSIS OF SIMILAR FUNCTIONS. COMPENSATION CONTRACTS ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0168115
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0172766
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0168115
IRS990/TotalAssetsEOYAmt0172766
IRS990/TotalAssetsGrp/BOYAmt0168115
IRS990/TotalAssetsGrp/EOYAmt0172766
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03933
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0288467
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0168115
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0172766
IRS990/TotalProgramServiceRevenueAmt0263127
IRS990/TotalReportableCompFromOrgAmt074775
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0293407
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0297340
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0168115
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0172766
IRS990/TravelGrp/TotalAmt02399
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0215 N WATER ST
IRS990/USAddress/CityNm0OWOSSO
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048867
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0WWW.SEDPWEB.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN HORVATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09897259241
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHIAWASSEE ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PARTNERSHIP INC
ReturnHeader/Filer/BusinessNameControlTxt0SHIA
ReturnHeader/Filer/EIN0263911625
ReturnHeader/Filer/PhoneNum09897259241
ReturnHeader/Filer/USAddress/AddressLine1Txt0215 N WATER
ReturnHeader/Filer/USAddress/CityNm0OWOSSO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048867
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472826558
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VMD & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 37
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OWOSSO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0488670037
ReturnHeader/PreparerPersonGrp/PhoneNum09897238171
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDY F MEDER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-16T08:23:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$172,766
Liabilities
$0
Net assets
$172,766
Revenue
$297,340
Expenses
$288,467
Net income
$8,873
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$1.02$0.82$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$0.75$0.72$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.27$0.47$0.53$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.39$0.01$0.38$0.69$0.55$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.12$0.23$0.56$0.43$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.41$0.41$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.09$0.38$0.35$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.33$0.35$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.41$0.49$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.30$0.29$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.36$0.30$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.30$0.28$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.00$0.08$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.22