Civic Intelligence

Shiawassee Economic Development

990 • Fiscal year 2016 • EIN 26-3911625

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

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

46th percentile

0.00x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.00x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

94th percentile

$85,149

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

6th percentile

-45%

Faster asset growth than 6% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

37%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$95,181

Down $77,585 (-45%) from 2015

Net Assets

Down

$95,181

Down $77,585 (-45%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$408,585

Up $111,245 (+37%) from 2015

Expenses

Up

$487,666

Up $199,199 (+69%) from 2015

Net Income

Down

-$79,081

Down $87,954 (-991%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$95,181
Liabilities$0
Net Assets$95,181

Operations Trend

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

2016

Revenue$408,585
Expenses$487,666
Net Income-$79,081
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$408,585
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$95,819$49,088▼ $46,731
Investments in Publicly Traded Securities$47,260$46,093▼ $1,167
Savings and Temporary Cash Investments$29,687--
Total Assets$172,766$95,181▼ $77,585
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$172,766$95,181▼ $77,585
Total Net Assets Fund Balance$172,766$95,181▼ $77,585
Total Liabilities and Net Assets / Fund Balance$172,766$95,181▼ $77,585
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$3,433
Program Service Revenue
$312,627
Investment Income
$2,695
Other Revenue
$89,830
Change in Net Assets
$-79,081

Audited Revenue Reconciliation

Revenue per Audited Statements
$408,094
Revenue Not Reported on Financial Statements
$491
Revenue Not Reported on Form 990
$1,987
Total Revenue per Audited Statements
$410,081
Total Revenue per Form 990
$408,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$339,810
Salaries, Compensation, and Employee Benefits$147,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$217,783--$217,783
Current Officers, Directors, Trustees, and Key Employees$77,250--$77,250
Fees for Services Other$63,193--$63,193
Other Salaries and Wages$45,158--$45,158
Other Expenses$25,889--$25,889
Occupancy$16,088--$16,088
Other Employee Benefits$12,287--$12,287
Payroll Taxes$9,577--$9,577
Conferences and Meetings$9,229--$9,229
Pension Plan Contributions$3,584--$3,584
Travel$2,307--$2,307
Insurance$2,093--$2,093
Fees for Services Accounting$2,000--$2,000
Office Expenses$1,208--$1,208
Fees for Services Legal$20--$20
Total Functional Expenses$487,666$0$0$487,666

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$487,666
Total Expenses per Audited Statements$487,666
Total Expenses per Form 990$487,666
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 2

Bruce cook paul cook director director family

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
2017-05-15
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.

Form 990, Part IX, Line 11G

Dues and sponsorships 20,225 0 0 consulting 42,968 0 0 total 63,193 0 0

Raw XML Appendix385 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/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/PYContributionsGrantsAmt03433
IRS990/PYInvestmentIncomeAmt03127
IRS990/PYOtherExpensesAmt0150730
IRS990/PYOtherRevenueAmt027153
IRS990/PYProgramServiceRevenueAmt0263627
IRS990/PYRevenuesLessExpensesAmt08873
IRS990/PYSalariesCompEmpBnftPaidAmt0137737
IRS990/PYTotalExpensesAmt0288467
IRS990/PYTotalRevenueAmt0297340
IRS990/ReconcilationRevenueExpnssAmt0-79081
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt03433
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt029687
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0487666
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0491
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01987
IRS990ScheduleD/RevenueNotReportedAmt01987
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0491
IRS990ScheduleD/RevenueSubtotalAmt0408094
IRS990ScheduleD/TotalExpensesPerForm990Amt0487666
IRS990ScheduleD/TotalRevenuePerForm990Amt0408585
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0410081
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0487666
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSIST SHIAWASSEE COUNTY RESIDENTS IN STARTING AND GROWING THEIR OWN BUSINESSES BY PROVIDING BUSINESS SUPPORT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BRUCE COOK PAUL COOK DIRECTOR DIRECTOR FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH INVESTOR MAKING A 5000 ANNUAL CONTRIBUTION IS ENTITLED TO A SEAT ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD REPRESENTATIVE REVIEW OF COMPLETED FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEWED VIA DISCLOSURES BY BOARD OF DIRECTORS AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PERFORMANCE ASSESSMENTS PROVIDE A BASIS FOR COMPENSATION IN CONJUNCTION WITH MARKET ANALYSIS OF SIMILAR FUNCTIONS. COMPENSATION CONTRACTS ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DUES AND SPONSORSHIPS 20,225 0 0 CONSULTING 42,968 0 0 TOTAL 63,193 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0172766
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt095181
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0172766
IRS990/TotalAssetsEOYAmt095181
IRS990/TotalAssetsGrp/BOYAmt0172766
IRS990/TotalAssetsGrp/EOYAmt095181
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03433
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0487666
IRS990/TotalFunctionalExpensesGrp/TotalAmt0487666
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0172766
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt095181
IRS990/TotalOtherCompensationAmt07899
IRS990/TotalProgramServiceRevenueAmt0312627
IRS990/TotalReportableCompFromOrgAmt077250
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0405152
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0408585
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0172766
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt095181
IRS990/TravelGrp/ProgramServicesAmt02307
IRS990/TravelGrp/TotalAmt02307
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN HORVATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09897259241
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0E8853820BC97883E6A715588E1E70A1C8EBEA6EE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D5642DF4423300A4A94EB47D443012BF6EC3F5D5
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/PreparationDt02017-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDY F MEDER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-15T12:52:00-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

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