Civic Intelligence

Edge Opportunities DBA Wayne County Business Development Corp

EIN 27-0525774 • 501(c)6

Profile

The wayne county business development corporation (wcbdc) is an association of businesses and professionals whose purpose is to: (1) enhance the economic and business development initiatives of wayne county and southeast michigan in order to strengthen the region's economy (2) leverage local wayne county and michigan resources into a national and international marketing strategy directed toward attracting new industries and businesses to wayne county and the region(3) put forth an effort to unite government, professional, and academic sectors in order to promote the exchange of ideas to attract global companies and jobs through networking events, seminars, business attraction programs and trade missions (4) create a repository of data and disseminate information throughout the national and global economy, citing the advantages of investment in southeast michigan(5) provide support to wayne county's existing business community and that will sustain future growth and expansion

611 Woodward Ave Suite L22048226

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

50th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2013

Net Margin

86th percentile

26%

Higher net margin than 86% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

94th percentile

60%

Faster asset growth than 94% of similar nonprofits.

501(c)6 • <$500k 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 / Assets49th percentile

Assets

Up

$32,791

Up $12,318 (+60%) from 2012

Liabilities

Flat

$0

Flat from 2012

Net Assets

Up

$32,791

Up $12,318 (+60%) from 2012

Operations
Liabilities / Revenue50th percentileNet Margin86th percentile

Revenue

$46,500

No earlier filing loaded for comparison.

Expenses

Down

$34,182

Down $65,262 (-66%) from 2012

Net Income

$12,318

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $125,059Liabilities 2010: $0Net Assets 2010: $125,0592010Assets 2011: $110,435Liabilities 2011: $0Net Assets 2011: $110,4352011Assets 2012: $20,473Liabilities 2012: $0Net Assets 2012: $20,4732012Assets 2013: $32,791Liabilities 2013: $0Net Assets 2013: $32,7912013

Highlighted filing

2013

Assets$32,791
Liabilities$0
Net Assets$32,791
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Expenses 2010: $171,5892010Expenses 2011: $452,1242011Expenses 2012: $99,4442012Revenue 2013: $46,500Expenses 2013: $34,182Net Income 2013: $12,3182013

Highlighted filing

2013

Revenue$46,500
Expenses$34,182
Net Income$12,318
Open 2013 Filing

Filings

Most recent year

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

Open filing
Assets
$32,791
Liabilities
$0
Net assets
$32,791
Revenue
$46,500
Expenses
$34,182
Net income
$12,318
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.47$0.34$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$0.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$4.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.00$1.25$1.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$46,500
Mission and Program Overview

Mission

The wayne county business development corporation (wcbdc) is an association of businesses and professionals whose purpose is to: (1) enhance the economic and business development initiatives of wayne county and southeast michigan in order to strengthen the region's economy (2) leverage local wayne county and michigan resources into a national and international marketing strategy directed toward attracting new industries and businesses to wayne county and the region(3) put forth an effort to unite government, professional, and academic sectors in order to promote the exchange of ideas to attract global companies and jobs through networking events, seminars, business attraction programs and trade missions (4) create a repository of data and disseminate information throughout the national and global economy, citing the advantages of investment in southeast michigan(5) provide support to wayne county's existing business community and that will sustain future growth and expansion

To promote economic and business development initiatives

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,473$32,791▲ $12,318
Total Assets$20,473$32,791▲ $12,318
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$20,473$32,791▲ $12,318
Total Net Assets Fund Balance$20,473$32,791▲ $12,318
Total Liabilities and Net Assets / Fund Balance$20,473$32,791▲ $12,318
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jeffrey CollinsChair, Director
James StokesDirector
Maureen KraussDirector
Raymond ByersExecutive Director
Reginald TurnerjrSecretary, Director
June LeeTreasurer, Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$46,500
Change in Net Assets
$12,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,182
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$20,596
Other Expenses---$9,366
Fees for Services Accounting---$4,220
Total Functional Expenses$0$0$0$34,182
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
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
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, Part VI, Section B, Line 11

“The form is circulated via electronic mail to the members of the governing body prior to it being filed.”

Form 990, Part VI, Section B, Line 12C

“It is incumbent upon officers and directors to disclose to the organization any interest that could create conflicts.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to public upon request.”

Filing and Contact Details

Filer

EIN
27-0525774
Phone
3132246025

Signing Officer

Name
Ray Byers
Title
Executive Director
Phone
3132246025
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Byers
Formed
2009
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5

Preparer

Preparer
Michael Santicchia
Phone
2483550280
Raw XML Appendix266 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/MissionDesc0THE WAYNE COUNTY BUSINESS DEVELOPMENT CORPORATION (WCBDC) IS AN ASSOCIATION OF BUSINESSES AND PROFESSIONALS WHOSE PURPOSE IS TO: (1) ENHANCE THE ECONOMIC AND BUSINESS DEVELOPMENT INITIATIVES OF WAYNE COUNTY AND SOUTHEAST MICHIGAN IN ORDER TO STRENGTHEN THE REGION'S ECONOMY (2) LEVERAGE LOCAL WAYNE COUNTY AND MICHIGAN RESOURCES INTO A NATIONAL AND INTERNATIONAL MARKETING STRATEGY DIRECTED TOWARD ATTRACTING NEW INDUSTRIES AND BUSINESSES TO WAYNE COUNTY AND THE REGION(3) PUT FORTH AN EFFORT TO UNITE GOVERNMENT, PROFESSIONAL, AND ACADEMIC SECTORS IN ORDER TO PROMOTE THE EXCHANGE OF IDEAS TO ATTRACT GLOBAL COMPANIES AND JOBS THROUGH NETWORKING EVENTS, SEMINARS, BUSINESS ATTRACTION PROGRAMS AND TRADE MISSIONS (4) CREATE A REPOSITORY OF DATA AND DISSEMINATE INFORMATION THROUGHOUT THE NATIONAL AND GLOBAL ECONOMY, CITING THE ADVANTAGES OF INVESTMENT IN SOUTHEAST MICHIGAN(5) PROVIDE SUPPORT TO WAYNE COUNTY'S EXISTING BUSINESS COMMUNITY AND THAT WILL SUSTAIN FUTURE GROWTH AND EXPANSION
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ReturnHeader/BuildTS02015-11-30 17:44:51Z
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ReturnHeader/Filer/BusinessName/BusinessNameLine10EDGE OPPORTUNITIES DBA WAYNE COUNTY
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10UHY ADVISORS MI INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1027725 STANSBURY SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0FARMINGTON HILLS
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ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL SANTICCHIA
ReturnHeader/ReturnTs02014-11-17T12:31:14-06:00
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ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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