Civic Intelligence

Mount Vernon Area Development Foundation Inc

990 • Fiscal year 2016 • EIN 31-6041648

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

Organization Profilewww.knoxadf.com
110 E High StreetMount Vernon, OH 43050

(740) 393-3806

Siviq Scores

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

Liabilities / Assets

51st percentile

0.09x

Higher debt load relative to assets than 51% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

0.65x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

2nd percentile

-51%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

56th percentile

5.9%

Faster asset growth than 56% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-36%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$806,038

Up $44,787 (+5.9%) from 2015

Net Assets

Down

$736,302

Down $19,317 (-2.6%) from 2015

Liabilities

Up

$69,736

Up $64,104 (+1138%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin2nd percentile

Revenue

Down

$107,935

Down $61,117 (-36%) from 2015

Expenses

Up

$163,152

Up $27,457 (+20%) from 2015

Net Income

Down

-$55,217

Down $88,574 (-266%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2016

Assets$806,038
Liabilities$69,736
Net Assets$736,302
Open 2016 Filing

Operations Trend

Revenue Growth3rd 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

2016

Revenue$107,935
Expenses$163,152
Net Income-$55,217
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$217,640
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$389,180$434,913▲ $45,733
Savings and Temporary Cash Investments$323,084$295,300▼ $27,784
Cash and Non-Interest-Bearing Accounts$47,309$74,292▲ $26,983
Land, Buildings, and Equipment, Net$145$0▼ $145
Accounts Receivable-$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$761,251$806,038▲ $44,787
Other Assets Total$1,533$1,533→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,632$69,736▲ $64,104
Total Liabilities$5,632$69,736▲ $64,104
Net Assets / Fund Balance
Unrestricted Net Assets$755,619$736,302▼ $19,317
Total Net Assets Fund Balance$755,619$736,302▼ $19,317
Total Liabilities and Net Assets / Fund Balance$761,251$806,038▲ $44,787
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Jeffry HarrisExecutive DirectorFT$108,942$108,942

Board Members and Trustees

NameTitle
Terry DivelbissChairman
Paul PraterVice Chair
Gordon YanceAt-Large
Richard MavisExec. Committee
Roger ReedExec. Committee
Alan KitnerExecutive Comm.
Bruce SnellExecutive Direc
Bruce HawkinsMember at Large
Bruce WhiteMember At Large
Clint BaileyMember at Large
Jim BuchwaldMember at Large
Joan JonesMember at Large
John NussbaumMember at Large
Margaret Ann RuhlMember at Large
Pat McLarnanMember at Large
Renee McDanielMember at Large
Vickie SantMember at Large
Korey KidwellSecretary
Mark RamserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$85,880
Program Service Revenue
$10,843
Investment Income
$11,212
Other Revenue
$0
Change in Net Assets
$-55,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,222
Other Expenses$44,930
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$108,942
Payroll Taxes---$9,280
Conferences and Meetings---$6,471
Information Technology---$5,331
Occupancy---$3,891
Office Expenses---$3,815
Advertising---$3,505
Insurance---$2,548
Fees for Service Investment Mgmnt Fees---$2,411
Fees for Services Accounting---$1,430
All Other Expenses---$418
Other Expenses---$401
Fees for Services Legal---$215
Depreciation Depletion---$144
Total Functional Expenses$0$0$0$163,152
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
Lobbying 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
Mount Vernon Area Development
EIN
31-6041648
Phone
7403933806
Address
110 E HIGH STREET, MOUNT VERNON, OH 43050

Signing Officer

Name
Jeffry Harris
Title
Executive Direc
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
1

Preparer

Firm
Dennis-McDaniel CPA
Address
206 South Mulberry Street, Mount Vernon, OH 43050
Preparer
Renee Mcdaniel
Phone
7403971721
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt12Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt13Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt14Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Executive Direc
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE COMM.
IRS990/Form990PartVIISectionAGrp/TitleTxt18Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt19Executive Dir.
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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
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$806,038
Liabilities
$69,736
Net assets
$736,302
Revenue
$107,935
Expenses
$163,152
Net income
-$55,217
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