Civic Intelligence

Mount Vernon Area Development Foundation Inc

990 • Fiscal year 2018 • EIN 31-6041648

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

PO Box 29Mount Vernon, OH 43050

(740) 393-3806

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

37th percentile

0.02x

Higher debt load relative to revenue than 37% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

92nd percentile

28%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$110,160

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 33.0% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

51st percentile

3.1%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2018

Revenue Growth

96th percentile

76%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2018

Assets

Up

$856,447

Up $50,409 (+6.3%) from 2016

Net Assets

Up

$850,437

Up $114,135 (+16%) from 2016

Liabilities

Down

$6,010

Down $63,726 (-91%) from 2016

Revenue

Up

$333,572

Up $225,637 (+209%) from 2016

Expenses

Up

$240,784

Up $77,632 (+48%) from 2016

Net Income

Up

$92,788

Up $148,005 (+268%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $684,927Liabilities 2011: $6,301Net Assets 2011: $678,6262011Assets 2012: $700,062Liabilities 2012: $8,260Net Assets 2012: $691,8022012Assets 2013: $706,199Liabilities 2013: $6,507Net Assets 2013: $699,6922013Assets 2014: $726,216Liabilities 2014: $493Net Assets 2014: $725,7232014Assets 2015: $761,251Liabilities 2015: $5,632Net Assets 2015: $755,6192015Assets 2016: $806,038Liabilities 2016: $69,736Net Assets 2016: $736,3022016Assets 2018: $856,447Liabilities 2018: $6,010Net Assets 2018: $850,4372018Assets 2019: $952,771Liabilities 2019: $12,783Net Assets 2019: $939,9882019Assets 2020: $1,067,203Liabilities 2020: $4,890Net Assets 2020: $1,062,3132020Assets 2021: $1,330,053Liabilities 2021: $29,923Net Assets 2021: $1,300,1302021Assets 2022: $1,436,880Liabilities 2022: $66,107Net Assets 2022: $1,370,7732022Assets 2023: $1,514,405Liabilities 2023: $6,301Net Assets 2023: $1,508,1042023Assets 2024: $2,131,003Liabilities 2024: $7,126Net Assets 2024: $2,123,8772024

Highlighted filing

2018

Assets$856,447
Liabilities$6,010
Net Assets$850,437

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $108,6932011Expenses 2012: $114,3762012Revenue 2013: $133,399Expenses 2013: $114,882Net Income 2013: $18,5172013Revenue 2014: $127,602Expenses 2014: $114,111Net Income 2014: $13,4912014Revenue 2015: $169,052Expenses 2015: $135,695Net Income 2015: $33,3572015Revenue 2016: $107,935Expenses 2016: $163,152Net Income 2016: -$55,2172016Revenue 2018: $333,572Expenses 2018: $240,784Net Income 2018: $92,7882018Revenue 2019: $367,445Expenses 2019: $359,852Net Income 2019: $7,5932019Revenue 2020: $348,324Expenses 2020: $269,794Net Income 2020: $78,5302020Revenue 2021: $433,152Expenses 2021: $300,580Net Income 2021: $132,5722021Revenue 2022: $707,783Expenses 2022: $487,544Net Income 2022: $220,2392022Revenue 2023: $565,367Expenses 2023: $477,672Net Income 2023: $87,6952023Revenue 2024: $1,177,947Expenses 2024: $648,739Net Income 2024: $529,2082024

Highlighted filing

2018

Revenue$333,572
Expenses$240,784
Net Income$92,788
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$512,717
Mission and Program Overview

Mission

Promoting and assisting industrial and commercial developments in the mount vernon and knox county area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$526,287$392,441▼ $133,846
Savings and Temporary Cash Investments$269,714$358,784▲ $89,070
Cash and Non-Interest-Bearing Accounts$48,429$56,122▲ $7,693
Accounts Receivable$5,000$45,810▲ $40,810
Land, Buildings, and Equipment, Net$2,928$1,757▼ $1,171
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$853,891$856,447▲ $2,556
Other Assets Total$1,533$1,533→ $0
Liabilities
Accounts Payable and Accrued Expenses$23,251$6,010▼ $17,241
Total Liabilities$23,251$6,010▼ $17,241
Net Assets / Fund Balance
Unrestricted Net Assets$830,640$850,437▲ $19,797
Total Net Assets Fund Balance$830,640$850,437▲ $19,797
Total Liabilities and Net Assets / Fund Balance$853,891$856,447▲ $2,556

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,757$1,325$3,082
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffry HarrisPresidentFT$110,160$110,160

Board Members and Trustees

NameTitle
Clint BaileyChairman
Vickie SantVice Chair
Adam GarnMember at Large
Alan KitnerMember at Large
Bruce HawkinsMember at Large
Bruce SnellMember at Large
Bruce WhiteMember at Large
Gordon YanceMember at Large
Jim BuchwaldMember at Large
Joan JonesMember at Large
Paul PraterMember at Large
Renee McdanielMember at Large
Richard HamlinMember at Large
Rick CarfagnaMember at Large
Roger ReedMember at Large
Terry DivelbissMember at Large
Richard MavisMemebr at Large
Korey KidwellSecretary
Mark RamserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$220,029
Program Service Revenue
$54,131
Investment Income
$59,412
Other Revenue
$0
All Other Contributions
$70
Change in Net Assets
$92,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$154,783
Other Expenses$71,001
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$110,160
Other Salaries and Wages---$33,250
Grants to Domestic Orgs---$15,000
Office Expenses---$14,964
Payroll Taxes---$11,373
Occupancy---$9,300
Conferences and Meetings---$5,776
Fees for Services Accounting---$3,740
Fees for Service Investment Mgmnt Fees---$3,146
Information Technology---$1,969
All Other Expenses---$1,710
Fees for Services Legal---$1,670
Insurance---$1,295
Depreciation Depletion---$1,171
Fees for Services Other---$990
Other Expenses---$801
Advertising---$348
Total Functional Expenses$0$0$0$240,784
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Knox LabsMount Vernon, OH501(c)3-$15,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Line 11B: Form 990 Review Process

The Board members review the 990 return prior to its filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All Board Members are required to notify the Board of any potential conflicts before an issue comes to vote. If determined necessary, the Board Member must abstain from voting on the issue in question.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Executive committee performs an annual review of the executive director. Members fill out a questionaire on the executive director's performance based upon key job indicators. Results from the review are factored into compensation decisions.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Area Development Foundation Inc
EIN
31-6041648
Phone
7403933806
Address
PO BOX 29, MOUNT VERNON, OH 43050

Signing Officer

Name
Jeffry Harris
Title
Executive Direc
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
3

Preparer

Firm
McDaniel CPA LLC
Address
20 W Ohio Avenue, Mount Vernon, OH 43050
Preparer
Renee Mcdaniel
Phone
7403971721
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IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16President
IRS990/Form990PartVIISectionAGrp/TitleTxt17Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt18SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE CHAIR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt047579
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt019
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt015000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0226724
IRS990/GrossReceiptsAmt0512717
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01969
IRS990/InsuranceGrp/TotalAmt01295
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011833
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0392441
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IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt02928
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01757
IRS990/LandBldgEquipCostOrOtherBssAmt03082
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0179145
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt044959
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTING AND ASSISTING INDUSTRIAL AND COMMERCIAL DEVELOPMENTS IN THE MOUNT VERNON AND KNOX COUNTY AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0830640
IRS990/NetAssetsOrFundBalancesEOYAmt0850437
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt047579
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt047579
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-72991
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/TotalAmt09300
IRS990/OfficeExpensesGrp/TotalAmt014964
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01533
IRS990/OtherAssetsTotalGrp/EOYAmt01533
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1Contract Labor
IRS990/OtherExpensesGrp/Desc2TELEPHONE & COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt015379
IRS990/OtherExpensesGrp/TotalAmt16125
IRS990/OtherExpensesGrp/TotalAmt22617
IRS990/OtherExpensesGrp/TotalAmt3801
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt033250
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt011373
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0KNOX COUNTY LAND BANK MGT
IRS990/ProgramServiceRevenueGrp/Desc1REVOLVING LOAN FEE ADMIN.
IRS990/ProgramServiceRevenueGrp/Desc2Tax Incentive/Abatement
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt045500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt045500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28231
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0143648
IRS990/PYInvestmentIncomeAmt013464
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt041880
IRS990/PYProgramServiceRevenueAmt012545
IRS990/PYRevenuesLessExpensesAmt011084
IRS990/PYSalariesCompEmpBnftPaidAmt0116693
IRS990/PYTotalExpensesAmt0158573
IRS990/PYTotalRevenueAmt0169657
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt092788
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0269714
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0358784
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01757
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01325
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03082
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01757
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KNOX LABS
IRS990ScheduleI/RecipientTable/RecipientEIN0813885853
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 1067
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MOUNT VERNON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd043050
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board members review the 990 return prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Board Members are required to notify the Board of any potential conflicts before an issue comes to vote. If determined necessary, the Board Member must abstain from voting on the issue in question.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive committee performs an annual review of the executive director. Members fill out a questionaire on the executive director's performance based upon key job indicators. Results from the review are factored into compensation decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

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