Civic Intelligence

Mount Vernon Area Development Foundation Inc

990 • Fiscal year 2021 • EIN 31-6041648

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 25, 2022

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

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

31st percentile

0.07x

Higher debt load relative to revenue than 31% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

34th percentile

$88,865

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

76th percentile

25%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

24%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,330,053

Up $262,850 (+25%) from 2020

Net Assets

Up

$1,300,130

Up $237,817 (+22%) from 2020

Liabilities

Up

$29,923

Up $25,033 (+512%) from 2020

Revenue

Up

$433,152

Up $84,828 (+24%) from 2020

Expenses

Up

$300,580

Up $30,786 (+11%) from 2020

Net Income

Up

$132,572

Up $54,042 (+69%) from 2020

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

2021

Assets$1,330,053
Liabilities$29,923
Net Assets$1,300,130

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

2021

Revenue$433,152
Expenses$300,580
Net Income$132,572
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 25, 2022
Return Version
2021v4.0
Gross Receipts
$433,152
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$568,323$695,862▲ $127,539
Accounts Receivable$99,494$442,969▲ $343,475
Savings and Temporary Cash Investments$286,124$0▼ $286,124
Cash and Non-Interest-Bearing Accounts$111,097$187,146▲ $76,049
Land, Buildings, and Equipment, Net$632$2,543▲ $1,911
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$1,067,203$1,330,053▲ $262,850
Other Assets Total$1,533$1,533→ $0
Liabilities
Deferred Revenue-$24,625-
Accounts Payable and Accrued Expenses$4,890$5,298▲ $408
Total Liabilities$4,890$29,923▲ $25,033
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,062,313$1,300,130▲ $237,817
Total Net Assets Fund Balance$1,062,313$1,300,130▲ $237,817
Total Liabilities and Net Assets / Fund Balance$1,067,203$1,330,053▲ $262,850

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$295$2,787$3,082
Other Land Buildings$2,248$562$2,810
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey GottkePresidentFT$88,865$88,865

Board Members and Trustees

NameTitle
Vickie SantVice Chair
Bill BuckleyMember
Greg SandsMember
Adam GarnMember at Large
Bruce WhiteMember at Large
David StullerMember at Large
Gordon YanceMember at Large
Jim BuchwaldMember 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
Mark RamserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$319,135
Program Service Revenue
$89,904
Investment Income
$24,113
Other Revenue
$0
All Other Contributions
$89,400
Change in Net Assets
$132,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$233,037
Other Expenses$67,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$101,777
Current Officers, Directors, Trustees, and Key Employees---$88,865
Other Employee Benefits---$27,080
Payroll Taxes---$15,315
Fees for Services Accounting---$7,422
All Other Expenses---$5,193
Fees for Service Investment Mgmnt Fees---$4,009
Office Expenses---$3,958
Information Technology---$3,939
Other Expenses---$3,546
Conferences and Meetings---$3,380
Occupancy---$3,324
Fees for Services Legal---$3,280
Insurance---$1,217
Depreciation Depletion---$899
Fees for Services Other---$374
Advertising---$170
Total Functional Expenses$0$0$0$300,580
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
2022-03-25
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
10

Preparer

Firm
McDaniel CPA LLC
Address
20 W Ohio Avenue, Mount Vernon, OH 43050
Preparer
Renee Mcdaniel
Phone
7403971721
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010789
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0695862
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0632
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02543
IRS990/LandBldgEquipCostOrOtherBssAmt05892
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt086475
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/NetAssetsOrFundBalancesBOYAmt01062313
IRS990/NetAssetsOrFundBalancesEOYAmt01300130
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt013324
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt013324
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0105245
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01062313
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01300130
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/TotalAmt03324
IRS990/OfficeExpensesGrp/TotalAmt03958
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01533
IRS990/OtherAssetsTotalGrp/EOYAmt01533
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027080
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1PROGRAM CONTRACTORS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3TELEPHONE & COMMUNICATIONS
IRS990/OtherExpensesGrp/TotalAmt016779
IRS990/OtherExpensesGrp/TotalAmt16500
IRS990/OtherExpensesGrp/TotalAmt23553
IRS990/OtherExpensesGrp/TotalAmt33546
IRS990/OtherRevenueMiscGrp/Desc0SHARED PAYROLL EXPENSE REIMB
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0101777
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt015315
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CAPITAL LEASE FACILITATIO
IRS990/ProgramServiceRevenueGrp/Desc1KNOX COUNTY LAND BANK MGT
IRS990/ProgramServiceRevenueGrp/Desc2PARK MAINTENANCE RENOVATI
IRS990/ProgramServiceRevenueGrp/Desc3REVOLVING LOAN FEE ADMIN.
IRS990/ProgramServiceRevenueGrp/Desc4Tax Incentive/Abatement
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027300
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt148807
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27382
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36415
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148807
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27382
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36415
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0253550
IRS990/PYGrantsAndSimilarPaidAmt015000
IRS990/PYInvestmentIncomeAmt025382
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt071794
IRS990/PYProgramServiceRevenueAmt069392
IRS990/PYRevenuesLessExpensesAmt078530
IRS990/PYSalariesCompEmpBnftPaidAmt0183000
IRS990/PYTotalExpensesAmt0269794
IRS990/PYTotalRevenueAmt0348324
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0132572
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0286124
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0295
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02787
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03082
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02248
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0562
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02810
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02543
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
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01067203
IRS990/TotalAssetsEOYAmt01330053
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IRS990/TotalAssetsGrp/EOYAmt01330053
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0319135
IRS990/TotalEmployeeCnt010
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0300580
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04890
IRS990/TotalLiabilitiesEOYAmt029923
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01062313
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IRS990/TotalProgramServiceRevenueAmt089904
IRS990/TotalReportableCompFromOrgAmt088865

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