Civic Intelligence

Appalachian Center for Economic Networks Inc.

990 • Fiscal year 2015 • EIN 31-1129632

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 06, 2016

94 Columbus RoadAthens, OH 45701

(740) 592-3854

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.12x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.44x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

54th percentile

4.1%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$69,700

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

46th percentile

-0.2%

Faster asset growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-9.9%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,455,203

Down $6,012 (-0.2%) from 2014

Net Assets

Up

$3,048,590

Up $37,227 (+1.2%) from 2014

Liabilities

Down

$406,613

Down $43,239 (-9.6%) from 2014

Revenue

Down

$916,707

Down $101,117 (-9.9%) from 2014

Expenses

Up

$879,480

Up $47,057 (+5.7%) from 2014

Net Income

Down

$37,227

Down $148,174 (-80%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $3,461,215Liabilities 2014: $449,852Net Assets 2014: $3,011,3632014Assets 2015: $3,455,203Liabilities 2015: $406,613Net Assets 2015: $3,048,5902015Assets 2016: $3,390,310Liabilities 2016: $358,829Net Assets 2016: $3,031,4812016Assets 2017: $3,421,650Liabilities 2017: $363,155Net Assets 2017: $3,058,4952017Assets 2018: $3,388,833Liabilities 2018: $333,035Net Assets 2018: $3,055,7982018Assets 2019: $3,244,120Liabilities 2019: $440,230Net Assets 2019: $2,803,8902019Assets 2020: $3,251,608Liabilities 2020: $507,933Net Assets 2020: $2,743,6752020Assets 2021: $3,317,109Liabilities 2021: $571,573Net Assets 2021: $2,745,5362021Assets 2022: $2,992,613Liabilities 2022: $492,966Net Assets 2022: $2,499,6472022Assets 2024: $3,606,820Liabilities 2024: $842,493Net Assets 2024: $2,764,3272024

Highlighted filing

2015

Assets$3,455,203
Liabilities$406,613
Net Assets$3,048,590

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,017,824Expenses 2014: $832,423Net Income 2014: $185,4012014Revenue 2015: $916,707Expenses 2015: $879,480Net Income 2015: $37,2272015Revenue 2016: $930,338Expenses 2016: $912,986Net Income 2016: $17,3522016Revenue 2017: $1,010,086Expenses 2017: $983,072Net Income 2017: $27,0142017Revenue 2018: $1,116,778Expenses 2018: $1,119,475Net Income 2018: -$2,6972018Revenue 2019: $847,299Expenses 2019: $1,099,207Net Income 2019: -$251,9082019Revenue 2020: $1,061,994Expenses 2020: $1,122,209Net Income 2020: -$60,2152020Revenue 2021: $1,167,468Expenses 2021: $1,165,607Net Income 2021: $1,8612021Revenue 2022: $1,209,382Expenses 2022: $1,455,272Net Income 2022: -$245,8902022Revenue 2024: $1,966,579Expenses 2024: $1,636,159Net Income 2024: $330,4202024

Highlighted filing

2015

Revenue$916,707
Expenses$879,480
Net Income$37,227
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 6, 2016
Return Version
2015v2.1
Gross Receipts
$916,707
Mission and Program Overview

Mission

The organization is a community based economic development entity serving the 32 counties of appalachia ohio. Its mission is to build the capacity of appalachian communities to network, work together and innovate to create a dynamic sustainable regional economy.

The appalachian center for economic networks (acenet) is a community based economic development organization serving the 32 counties of appalachia ohio. The mission of acenet is to build the capacity of appalachian communities to network, work together, and innovate to create a dynamic sustainable regional economy with opportunities for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,253,886$3,235,803▼ $18,083
Cash and Non-Interest-Bearing Accounts$96,259$131,389▲ $35,130
Pledges and Grants Receivable$86,941$64,395▼ $22,546
Other Notes and Loans Receivable, Net-$8,000-
Accounts Receivable$19,669$7,956▼ $11,713
Prepaid Expenses and Deferred Charges$4,460$7,660▲ $3,200
Total Assets$3,461,215$3,455,203▼ $6,012
Liabilities
Mortgage Notes Payable Secured by Investment Property$408,753$355,860▼ $52,893
Accounts Payable and Accrued Expenses$19,513$25,404▲ $5,891
Other Liabilities$21,586$25,349▲ $3,763
Total Liabilities$449,852$406,613▼ $43,239
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,851,651$1,851,651→ $0
Unrestricted Net Assets$1,159,712$1,196,939▲ $37,227
Total Net Assets Fund Balance$3,011,363$3,048,590▲ $37,227
Total Liabilities and Net Assets / Fund Balance$3,461,215$3,455,203▼ $6,012

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,634,119$1,093,067$2,727,186
Leasehold Improvements$1,201,358$569,499$1,770,857
Land$384,664-$384,664
Equipment$15,662$24,752$40,414
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Larry FisherExecutive Di$68,790$910$69,700
Angie HawkPresident/ce$57,284$210$57,494

Board Members and Trustees

NameTitle
Aaron ThomasBd. Trustee
Andrea LewisBd. Trustee
Ariana Ulloa-olavarrietaBd. Trustee
Brent HartmanBd. Trustee
Donna RussellBd. Trustee
Kathryn McgushinBd. Trustee
Kristin MillerBd. Trustee
Philip MeyerBd. Trustee
Ric WassermanBd. Trustee
Stacy StraussBd. Trustee
Tonya ConrathBd. Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$297,100
Program Service Revenue
$619,607
Investment Income
$0
Other Revenue
$0
All Other Contributions
$118,487
Change in Net Assets
$37,227

Audited Revenue Reconciliation

Revenue per Audited Statements
$916,707
Total Revenue per Audited Statements
$916,707
Total Revenue per Form 990
$916,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,046
Salaries, Compensation, and Employee Benefits$394,434
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$152,572--$152,572
Depreciation Depletion$130,957--$130,957
Current Officers, Directors, Trustees, and Key Employees$79,955$49,783-$129,738
Other Employee Benefits$68,632$19,829-$88,461
Fees for Services Other$66,333$14,755-$81,088
Office Expenses$12,250$13,265-$25,515
Payroll Taxes$18,211$3,783-$21,994
Travel$13,359$829-$14,188
Interest$11,142--$11,142
Fees for Services Accounting-$9,697-$9,697
Other Expenses$5,592$112-$5,592
All Other Expenses$3,268$661-$3,929
Pension Plan Contributions$1,669--$1,669
Conferences and Meetings-$341-$341
Total Functional Expenses$716,766$162,714$0$879,480

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$879,480
Total Expenses per Audited Statements$879,480
Total Expenses per Form 990$879,480
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Vacation$17,439
Tenant Deposits$3,801
Taxes, Etc.$2,410
Accrued Interest$1,211
Retirement Withholding$488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No

Governance Explanations

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

The 990 is reviewed by the board treasurer and finance team. The 990 is then presented to the board.

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

The conflict of interest policy is reviewed at the annual trustees' meeting held in the last calendar quarter of each year. At that meeting, trustees and key employees complete conflict of interest statements.

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

The board of trustees is responsible for setting the salary of the ceo/president and the executive director through board proceedings.

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

The board of trustees is responsible for setting these salaries through board proceedings.

Form 990, Page 6, Part VI, Line 19

The organization has all governing documents, policies, and financial statements on file at the main office in athens, ohio. These are available upon request.

Filing and Contact Details

Filer

Filer Name
Appalachian Center for
EIN
31-1129632
Phone
7405923854
Address
94 COLUMBUS ROAD, ATHENS, OH 45701

Signing Officer

Name
Larry Fisher
Title
Executive Director
Phone
7405923854
Signed
2016-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Fisher
Formed
1985
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
13

Preparer

Firm
Romine Cpas and Associates
Address
6895 E MAIN ST, REYNOLDSBURG, OH 43068-3156
Preparer
Shain E Colley
Phone
6147552727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The appalachian center for economic networks (acenet) is a community based economic development organization serving the 32 counties of appalachia ohio. The mission of acenet is to build the capacity of appalachian communities to network, work together, and innovate to create a dynamic sustainable regional economy with opportunities for all.

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IRS990/OtherExpensesGrp/TotalAmt0173345
IRS990/OtherExpensesGrp/TotalAmt121846
IRS990/OtherExpensesGrp/TotalAmt27406
IRS990/OtherExpensesGrp/TotalAmt35592
IRS990/OtherLiabilitiesGrp/BOYAmt021586
IRS990/OtherLiabilitiesGrp/EOYAmt025349
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0152572
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03783
IRS990/PayrollTaxesGrp/ProgramServicesAmt018211
IRS990/PayrollTaxesGrp/TotalAmt021994
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01669
IRS990/PensionPlanContributionsGrp/TotalAmt01669
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt086941
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt064395
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04460
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07660
IRS990/PrincipalOfficerNm0LARRY FISHER
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IRS990/ProgramServiceRevenueGrp/Desc0INCUBATOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1PASS THROUGH
IRS990/ProgramServiceRevenueGrp/Desc2CONSULTING
IRS990/ProgramServiceRevenueGrp/Desc3OTHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt159800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt251646
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt320070
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0488091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt159800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt251646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320070
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IRS990/PYContributionsGrantsAmt0445587
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IRS990/PYRevenuesLessExpensesAmt0185401
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IRS990/PYTotalExpensesAmt0832423
IRS990/PYTotalRevenueAmt01017824
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt037227
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0916707
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0445587
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0520881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0365459
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01629027
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0619607
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0365459
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01634119
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01093067
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02727186
IRS990ScheduleD/EquipmentGrp/BookValueAmt015662
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024752
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040414
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IRS990ScheduleD/LandGrp/BookValueAmt0384664
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0384664
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01201358
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0569499
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01770857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017439
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31211
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TAXES, ETC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4RETIREMENT WITHHOLDING
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt03235803
IRS990ScheduleD/TotalExpensesPerForm990Amt0879480
IRS990ScheduleD/TotalLiabilityAmt025349
IRS990ScheduleD/TotalRevenuePerForm990Amt0916707
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE APPALACHIAN CENTER FOR ECONOMIC NETWORKS (ACENET) IS A COMMUNITY BASED ECONOMIC DEVELOPMENT ORGANIZATION SERVING THE 32 COUNTIES OF APPALACHIA OHIO. THE MISSION OF ACENET IS TO BUILD THE CAPACITY OF APPALACHIAN COMMUNITIES TO NETWORK, WORK TOGETHER, AND INNOVATE TO CREATE A DYNAMIC SUSTAINABLE REGIONAL ECONOMY WITH OPPORTUNITIES FOR ALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE BOARD TREASURER AND FINANCE TEAM. THE 990 IS THEN PRESENTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED AT THE ANNUAL TRUSTEES' MEETING HELD IN THE LAST CALENDAR QUARTER OF EACH YEAR. AT THAT MEETING, TRUSTEES AND KEY EMPLOYEES COMPLETE CONFLICT OF INTEREST STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES IS RESPONSIBLE FOR SETTING THE SALARY OF THE CEO/PRESIDENT AND THE EXECUTIVE DIRECTOR THROUGH BOARD PROCEEDINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES IS RESPONSIBLE FOR SETTING THESE SALARIES THROUGH BOARD PROCEEDINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ON FILE AT THE MAIN OFFICE IN ATHENS, OHIO. THESE ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ACENET VENTURES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311688567
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt011A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt094 COLUMBUS ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ATHENS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd045701
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09296
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ACENET VENTURES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0ACENET VENTURES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0Q
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01851651
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01851651
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03461215
IRS990/TotalAssetsEOYAmt03455203
IRS990/TotalAssetsGrp/BOYAmt03461215
IRS990/TotalAssetsGrp/EOYAmt03455203
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0297100
IRS990/TotalEmployeeCnt013
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0162714
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0716766

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