Civic Intelligence

Mount Vernon Area Development Foundation Inc

990 • Fiscal year 2023 • EIN 31-6041648

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

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

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

19th percentile

0.01x

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

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

77th percentile

16%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

48th percentile

5.4%

Faster asset growth than 48% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-20%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,514,405

Up $77,525 (+5.4%) from 2022

Net Assets

Up

$1,508,104

Up $137,331 (+10%) from 2022

Liabilities

Down

$6,301

Down $59,806 (-90%) from 2022

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin77th percentile

Revenue

Down

$565,367

Down $142,416 (-20%) from 2022

Expenses

Down

$477,672

Down $9,872 (-2.0%) from 2022

Net Income

Down

$87,695

Down $132,544 (-60%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2023

Assets$1,514,405
Liabilities$6,301
Net Assets$1,508,104
Open 2023 Filing

Operations Trend

Revenue Growth7th 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

2023

Revenue$565,367
Expenses$477,672
Net Income$87,695
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.0
Gross Receipts
$565,367
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
Accounts Receivable$799,933$943,910▲ $143,977
Investments in Publicly Traded Securities$571,286$540,360▼ $30,926
Cash and Non-Interest-Bearing Accounts$60,531$26,444▼ $34,087
Land, Buildings, and Equipment, Net$3,597$2,158▼ $1,439
Savings and Temporary Cash Investments-$0-
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$1,436,880$1,514,405▲ $77,525
Other Assets Total$1,533$1,533→ $0
Liabilities
Grants Payable$60,119--
Accounts Payable and Accrued Expenses$5,988$6,301▲ $313
Total Liabilities$66,107$6,301▼ $59,806
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,370,773$1,508,104▲ $137,331
Total Net Assets Fund Balance$1,370,773$1,508,104▲ $137,331
Total Liabilities and Net Assets / Fund Balance$1,436,880$1,514,405▲ $77,525

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,158$3,462$5,620
Equipment-$3,082$3,082
Compensation and Service Providers
Top Officer Pay27th percentile

Board Members and Trustees

NameTitle
Adam GarnChairman
Matt StarrVice Chair
Bill BuckleyMember
Bill HannaMember
Brian HuprichMember
Bruce WhiteMember
Greg SandsMember
Michele EnglebachMember
Ryan ShoemakerMember
Teresa BemillerMember
Darrell KickMember at Large
Gordon YanceMember at Large
Matt WushinskeMember at Large
Mark RamserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$249,475
Program Service Revenue
$268,052
Investment Income
$47,840
Other Revenue
$0
All Other Contributions
$20,000
Change in Net Assets
$87,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$270,621
Other Expenses$207,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$211,153
Fees for Services Legal---$116,921
Payroll Taxes---$29,848
Other Employee Benefits---$29,620
Fees for Services Other---$21,587
Fees for Services Accounting---$8,032
Conferences and Meetings---$7,285
All Other Expenses---$4,777
Office Expenses---$3,805
Insurance---$3,689
Other Expenses---$3,589
Fees for Service Investment Mgmnt Fees---$3,403
Information Technology---$2,602
Occupancy---$1,802
Depreciation Depletion---$1,439
Advertising---$228
Total Functional Expenses$0$0$0$477,672
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, Section B, Line 11B

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

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

“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, Section B, Line 15B

“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, Section C, Line 19

“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
Jeff Gottke
Title
President
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
6

Preparer

Firm
McDaniel CPA LLC
Address
20 W Ohio Avenue, Mount Vernon, OH 43050
Preparer
Renee Mcdaniel
Phone
7403971721
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IRS990/NetAssetsOrFundBalancesEOYAmt01508104
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt034076
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt034076
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt049636
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/TotalAmt01802
IRS990/OfficeExpensesGrp/TotalAmt03805
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01533
IRS990/OtherAssetsTotalGrp/EOYAmt01533
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029620
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3TELEPHONE & COMMUNICATIONS
IRS990/OtherExpensesGrp/TotalAmt014152
IRS990/OtherExpensesGrp/TotalAmt18675
IRS990/OtherExpensesGrp/TotalAmt25065
IRS990/OtherExpensesGrp/TotalAmt33589
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0211153
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt029848
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADMIN WORK
IRS990/ProgramServiceRevenueGrp/Desc1CPDC Management
IRS990/ProgramServiceRevenueGrp/Desc2KNOX COUNTY LAND BANK MGT
IRS990/ProgramServiceRevenueGrp/Desc3MARKET STUDY
IRS990/ProgramServiceRevenueGrp/Desc4REVOLVING LOAN FEE ADMIN.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt040000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1132500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt252205
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313413
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt426551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1132500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt252205
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313413
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt426551
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0540750
IRS990/PYInvestmentIncomeAmt017194
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0237680
IRS990/PYOtherRevenueAmt022258
IRS990/PYProgramServiceRevenueAmt0127581
IRS990/PYRevenuesLessExpensesAmt0220239
IRS990/PYSalariesCompEmpBnftPaidAmt0249864
IRS990/PYTotalExpensesAmt0487544
IRS990/PYTotalRevenueAmt0707783
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt087695
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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/DepreciationAmt03082
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03082
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02158
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03462
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05620
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02158
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01436880
IRS990/TotalAssetsEOYAmt01514405
IRS990/TotalAssetsGrp/BOYAmt01436880
IRS990/TotalAssetsGrp/EOYAmt01514405
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0249475
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0477672
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt066107
IRS990/TotalLiabilitiesEOYAmt06301
IRS990/TotalLiabilitiesGrp/BOYAmt066107
IRS990/TotalLiabilitiesGrp/EOYAmt06301
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01370773
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01508104
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt03383
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt03383
IRS990/TotalProgramServiceRevenueAmt0268052
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0315892
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0565367
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01436880
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01514405
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 29
IRS990/USAddress/CityNm0MOUNT VERNON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043050
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0www.knoxadf.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,514,405
Liabilities
$6,301
Net assets
$1,508,104
Revenue
$565,367
Expenses
$477,672
Net income
$87,695
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