Civic Intelligence

Mount Vernon Area Development Foundation Inc

990 • Fiscal year 2020 • EIN 31-6041648

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

Organization Profilewww.knoxadf.com
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

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

84th percentile

23%

Higher net margin than 84% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$87,506

Higher top officer pay than 31% of similar nonprofits.

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

-5.2%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$1,067,203

Up $114,432 (+12%) from 2019

Net Assets

Up

$1,062,313

Up $122,325 (+13%) from 2019

Liabilities

Down

$4,890

Down $7,893 (-62%) from 2019

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin84th percentile

Revenue

Down

$348,324

Down $19,121 (-5.2%) from 2019

Expenses

Down

$269,794

Down $90,058 (-25%) from 2019

Net Income

Up

$78,530

Up $70,937 (+934%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

2020

Assets$1,067,203
Liabilities$4,890
Net Assets$1,062,313
Open 2020 Filing

Operations Trend

Revenue Growth58th percentile

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

2020

Revenue$348,324
Expenses$269,794
Net Income$78,530
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.0
Gross Receipts
$574,372
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$525,832$568,323▲ $42,491
Savings and Temporary Cash Investments$330,087$286,124▼ $43,963
Cash and Non-Interest-Bearing Accounts$46,347$111,097▲ $64,750
Accounts Receivable$47,918$99,494▲ $51,576
Land, Buildings, and Equipment, Net$1,054$632▼ $422
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$952,771$1,067,203▲ $114,432
Other Assets Total$1,533$1,533→ $0
Liabilities
Accounts Payable and Accrued Expenses$12,783$4,890▼ $7,893
Total Liabilities$12,783$4,890▼ $7,893
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$939,988$1,062,313▲ $122,325
Total Net Assets Fund Balance$939,988$1,062,313▲ $122,325
Total Liabilities and Net Assets / Fund Balance$952,771$1,067,203▲ $114,432

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$632$2,450$3,082
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleBaseTotal
Terry DivelbissMember at Large$87,506$87,506

Board Members and Trustees

NameTitle
Clint BaileyChairman
Jeffry GottkePresident
Vickie SantVice Chair
Adam GarnMember at Large
Bruce HawkinsMember at Large
Bruce WhiteMember at Large
David StullerMember at Large
Gordon YanceMember at Large
Jim BuchwaldMember at Large
Joan JonesMember at Large
Mitch DurbinMember at Large
Renee McdanielMember at Large
Rick CarfagnaMember at Large
Ryan ShoemakerMember at Large
Teresa BemillerMember at Large
Matt StarrMemebr at Large
Korey KidwellSecretary
Mark RamserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$253,550
Program Service Revenue
$69,392
Investment Income
$25,382
Other Revenue
$0
All Other Contributions
$80,000
Change in Net Assets
$78,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$183,000
Other Expenses$71,794
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---$87,506
Other Salaries and Wages---$67,368
Fees for Services Legal---$19,531
Other Employee Benefits---$15,453
Grants to Domestic Orgs---$15,000
Payroll Taxes---$12,673
Fees for Services Accounting---$6,575
Advertising---$4,252
Office Expenses---$4,058
Conferences and Meetings---$3,789
Fees for Service Investment Mgmnt Fees---$3,032
Information Technology---$2,433
Insurance---$2,272
Occupancy---$1,431
Fees for Services Other---$1,033
Other Expenses---$499
Depreciation Depletion---$422
All Other Expenses---$152
Total Functional Expenses$0$0$0$269,794
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 35% controlled entity
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, 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
Jeffrey Gottke
Title
President
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
5

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/TitleTxt10MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE CHAIR
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt02272
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010532
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
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IRS990/MissionDesc0PROMOTING AND ASSISTING INDUSTRIAL AND COMMERCIAL DEVELOPMENTS IN THE MOUNT VERNON AND KNOX COUNTY AREA.
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt015453
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1TELEPHONE & COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc2Industrial Park Maintenance
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMENT
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IRS990/OtherExpensesGrp/TotalAmt13331
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt012673
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0KNOX COUNTY LAND BANK MGT
IRS990/ProgramServiceRevenueGrp/Desc1PARK MAINTENANCE RENOVATI
IRS990/ProgramServiceRevenueGrp/Desc2REVOLVING LOAN FEE ADMIN.
IRS990/ProgramServiceRevenueGrp/Desc3Tax Incentive/Abatement
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119007
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IRS990/PYSalariesCompEmpBnftPaidAmt0272113
IRS990/PYTotalExpensesAmt0359852
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IRS990/ReconcilationRevenueExpnssAmt078530
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0330087
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0286124
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0632
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02450
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03082
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0632
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0952771
IRS990/TotalAssetsEOYAmt01067203
IRS990/TotalAssetsGrp/BOYAmt0952771
IRS990/TotalAssetsGrp/EOYAmt01067203
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0253550
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,067,203
Liabilities
$4,890
Net assets
$1,062,313
Revenue
$348,324
Expenses
$269,794
Net income
$78,530
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.01$2.12$1.18$0.65$0.53
2023Detailed filing. Detailed filing data is available for this year.$1.51$0.01$1.51$0.57$0.48$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.44$0.07$1.37$0.71$0.49$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.03$1.30$0.43$0.30$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.06$0.35$0.27$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.01$0.94$0.37$0.36$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.85$0.33$0.24$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.07$0.74$0.11$0.16$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.01$0.76$0.17$0.14$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.13$0.11$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$0.13$0.11$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.01$0.69$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.01$0.68$0.11