Civic Intelligence

Mount Vernon Area Development Foundation Inc

990 • Fiscal year 2024 • EIN 31-6041648

Jan 01, 2024 to Dec 31, 2024 • Filed on May 07, 2025

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.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.01x

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

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

96th percentile

45%

Higher net margin than 96% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

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

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

93rd percentile

41%

Faster asset growth than 93% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

108%

Faster revenue growth than 97% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$2,131,003

Up $616,598 (+41%) from 2023

Net Assets

Up

$2,123,877

Up $615,773 (+41%) from 2023

Liabilities

Up

$7,126

Up $825 (+13%) from 2023

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin96th percentile

Revenue

Up

$1,177,947

Up $612,580 (+108%) from 2023

Expenses

Up

$648,739

Up $171,067 (+36%) from 2023

Net Income

Up

$529,208

Up $441,513 (+503%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2024

Assets$2,131,003
Liabilities$7,126
Net Assets$2,123,877
Open 2024 Filing

Operations Trend

Revenue Growth97th 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

2024

Revenue$1,177,947
Expenses$648,739
Net Income$529,208
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$1,459,178
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$540,360$1,855,398▲ $1,315,038
Cash and Non-Interest-Bearing Accounts$26,444$137,712▲ $111,268
Accounts Receivable$943,910$135,066▼ $808,844
Land, Buildings, and Equipment, Net$2,158$1,294▼ $864
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$1,514,405$2,131,003▲ $616,598
Other Assets Total$1,533$1,533→ $0
Liabilities
Accounts Payable and Accrued Expenses$6,301$7,126▲ $825
Total Liabilities$6,301$7,126▲ $825
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,508,104$2,123,877▲ $615,773
Total Net Assets Fund Balance$1,508,104$2,123,877▲ $615,773
Total Liabilities and Net Assets / Fund Balance$1,514,405$2,131,003▲ $616,598

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,294$4,326$5,620
Equipment-$3,082$3,082
Compensation and Service Providers
Top Officer Pay29th percentile

Board Members and Trustees

NameTitle
Bruce WhiteChairman
Bill BuckleyVice Chair
Bill HannaMember
Brian HuprichMember
Greg SandsMember
Matt StarrMember
Michele EnglebachMember
Ryan ShoemakerMember
Teresa BemillerMember
Gary ChapmanMember at Large
Gordon YanceMember at Large
Mark HinerMember at Large
Matt WushinskeMember at Large
Todd HawkinsMember at Large
Mark RamserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$706,184
Program Service Revenue
$438,932
Investment Income
$32,831
Other Revenue
$0
All Other Contributions
$437,884
Change in Net Assets
$529,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$360,149
Other Expenses$288,590
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$298,073
Fees for Services Legal---$195,832
Other Employee Benefits---$27,835
Payroll Taxes---$20,771
Pension Plan Contributions---$13,470
Conferences and Meetings---$11,881
Travel---$9,692
Fees for Services Accounting---$8,330
Fees for Service Investment Mgmnt Fees---$7,390
Other Expenses---$4,488
Occupancy---$4,425
Office Expenses---$3,408
Insurance---$2,753
Information Technology---$2,337
All Other Expenses---$2,025
Depreciation Depletion---$864
Fees for Services Other---$793
Advertising---$64
Total Functional Expenses$0$0$0$648,739
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
Sam Filkins
Title
Vice President
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
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/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0104800
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/NetAssetsOrFundBalancesBOYAmt01508104
IRS990/NetAssetsOrFundBalancesEOYAmt02123877
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt015437
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015437
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt086565
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01508104
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02123877
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/TotalAmt04425
IRS990/OfficeExpensesGrp/TotalAmt03408
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01533
IRS990/OtherAssetsTotalGrp/EOYAmt01533
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027835
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2Facade Grant Payouts
IRS990/OtherExpensesGrp/Desc3TELEPHONE & COMMUNICATIONS
IRS990/OtherExpensesGrp/TotalAmt024908
IRS990/OtherExpensesGrp/TotalAmt14750
IRS990/OtherExpensesGrp/TotalAmt24650
IRS990/OtherExpensesGrp/TotalAmt34488
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0298073
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt020771
IRS990/PensionPlanContributionsGrp/TotalAmt013470
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CPDC Management
IRS990/ProgramServiceRevenueGrp/Desc1KNOX COUNTY LAND BANK MGT
IRS990/ProgramServiceRevenueGrp/Desc2LAND REUTILIZATION COMMIS
IRS990/ProgramServiceRevenueGrp/Desc3MARKET STUDY
IRS990/ProgramServiceRevenueGrp/Desc4REVOLVING LOAN FEE ADMIN.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt155880
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2274538
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35050
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt449098
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt155880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2274538
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt449098
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0249475
IRS990/PYInvestmentIncomeAmt047840
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0207051
IRS990/PYProgramServiceRevenueAmt0268052
IRS990/PYRevenuesLessExpensesAmt087695
IRS990/PYSalariesCompEmpBnftPaidAmt0270621
IRS990/PYTotalExpensesAmt0477672
IRS990/PYTotalRevenueAmt0565367
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0529208
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/BookValueAmt01294
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04326
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05620
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01294
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/TotalAssetsBOYAmt01514405
IRS990/TotalAssetsEOYAmt02131003
IRS990/TotalAssetsGrp/BOYAmt01514405
IRS990/TotalAssetsGrp/EOYAmt02131003
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0706184
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0648739
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06301
IRS990/TotalLiabilitiesEOYAmt07126
IRS990/TotalLiabilitiesGrp/BOYAmt06301
IRS990/TotalLiabilitiesGrp/EOYAmt07126
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01508104
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02123877
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt04366
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt04366
IRS990/TotalProgramServiceRevenueAmt0438932
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0471763
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01177947
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01514405
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02131003
IRS990/TravelGrp/TotalAmt09692
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 29
IRS990/USAddress/CityNm0MOUNT VERNON
IRS990/USAddress/StateAbbreviationCd0OH

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,131,003
Liabilities
$7,126
Net assets
$2,123,877
Revenue
$1,177,947
Expenses
$648,739
Net income
$529,208
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