Civic Intelligence

Elmore County Economic Development Authority

990 • Fiscal year 2020 • EIN 33-1021258

Oct 01, 2019 to Sep 30, 2020 • Filed on Dec 18, 2020

194 Fort Toulouse Road No CWetumpka, AL 36092

(334) 514-5843

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

2.44x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

69th percentile

$99,337

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

10th percentile

-8.1%

Faster asset growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-11%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,046,920

Down $92,694 (-8.1%) from 2019

Net Assets

Down

-$7,265

Down $92,516 (-109%) from 2019

Liabilities

Down

$1,054,185

Down $178 (-0.0%) from 2019

Revenue

Down

$432,608

Down $52,002 (-11%) from 2019

Expenses

Up

$525,124

Up $145,985 (+39%) from 2019

Net Income

Down

-$92,516

Down $197,987 (-188%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2012: $572,523Liabilities 2012: $493,855Net Assets 2012: $78,6682012Assets 2013: $500,673Liabilities 2013: $489,886Net Assets 2013: $10,7872013Assets 2014: $569,021Liabilities 2014: $489,135Net Assets 2014: $79,8862014Assets 2015: $1,070,487Liabilities 2015: $1,050,565Net Assets 2015: $19,9222015Assets 2016: $1,125,208Liabilities 2016: $1,056,458Net Assets 2016: $68,7502016Assets 2017: $1,084,210Liabilities 2017: $1,055,226Net Assets 2017: $28,9842017Assets 2018: $1,031,432Liabilities 2018: $1,051,652Net Assets 2018: -$20,2202018Assets 2019: $1,139,614Liabilities 2019: $1,054,363Net Assets 2019: $85,2512019Assets 2020: $1,046,920Liabilities 2020: $1,054,185Net Assets 2020: -$7,2652020Assets 2021: $1,054,545Liabilities 2021: $1,050,975Net Assets 2021: $3,5702021Assets 2022: $1,015,868Liabilities 2022: $1,067,418Net Assets 2022: -$51,5502022Assets 2023: $176,121Liabilities 2023: $9,554Net Assets 2023: $166,5672023Assets 2024: $359,514Liabilities 2024: $1,107Net Assets 2024: $358,4072024Assets 2025: $380,411Liabilities 2025: $15,672Net Assets 2025: $364,7392025

Highlighted filing

2020

Assets$1,046,920
Liabilities$1,054,185
Net Assets-$7,265

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2012: $631,4402012Expenses 2013: $358,8242013Revenue 2014: $302,253Expenses 2014: $233,154Net Income 2014: $69,0992014Revenue 2015: $188,783Expenses 2015: $248,747Net Income 2015: -$59,9642015Revenue 2016: $322,606Expenses 2016: $273,778Net Income 2016: $48,8282016Revenue 2017: $406,736Expenses 2017: $446,502Net Income 2017: -$39,7662017Revenue 2018: $315,972Expenses 2018: $365,176Net Income 2018: -$49,2042018Revenue 2019: $484,610Expenses 2019: $379,139Net Income 2019: $105,4712019Revenue 2020: $432,608Expenses 2020: $525,124Net Income 2020: -$92,5162020Revenue 2021: $598,058Expenses 2021: $587,223Net Income 2021: $10,8352021Revenue 2022: $453,431Expenses 2022: $508,551Net Income 2022: -$55,1202022Revenue 2023: $728,154Expenses 2023: $510,037Net Income 2023: $218,1172023Revenue 2024: $627,552Expenses 2024: $435,712Net Income 2024: $191,8402024Revenue 2025: $586,581Expenses 2025: $580,249Net Income 2025: $6,3322025

Highlighted filing

2020

Revenue$432,608
Expenses$525,124
Net Income-$92,516
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Dec 18, 2020
Return Version
2019v5.1
Gross Receipts
$432,608
Mission and Program Overview

Mission

Economic development of elmore county

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$894,779$870,692▼ $24,087
Cash and Non-Interest-Bearing Accounts$189,524$120,726▼ $68,798
Other Notes and Loans Receivable, Net$28,213$28,213→ $0
Savings and Temporary Cash Investments$27,098$27,289▲ $191
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$85,251$-7,265▼ $92,516
Total Assets$1,139,614$1,046,920▼ $92,694
Liabilities
Other Liabilities$1,054,363$1,054,185▼ $178
Total Liabilities$1,054,363$1,054,185▼ $178
Net Assets / Fund Balance
Total Net Assets Fund Balance$85,251$-7,265▼ $92,516
Total Liabilities and Net Assets / Fund Balance$1,139,614$1,046,920▼ $92,694

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$445,692$111,225-
Other Land Buildings$0$12,966-
Land$425,000--
Equipment$0$24,605-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cary CoxExecutive DirectorFT$99,337$99,337
Ansley EmfingerAnsley EmfingerFT$5,167$5,167

Board Members and Trustees

NameTitle
Art FaulknerChairman
Ann HarperVice Chairman
Clarence BuggsBoard Member
Clay McconnellBoard Member
Harris GarnerBoard Member
Jimmy HullBoard Member
John StricklandBoard Member
Lee GreerBoard Member
Lynn WeldonBoard Member
Sharon AlexanderBoard Member
Tim GothardBoard Member
Tom StackhouseBoard Member
Rhett SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$384,418
Program Service Revenue
$0
Investment Income
$190
Other Revenue
$48,000
All Other Contributions
$384,418
Change in Net Assets
$-92,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$409,220
Salaries, Compensation, and Employee Benefits$115,904
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$250,765--$250,765
Current Officers, Directors, Trustees, and Key Employees$78,378$26,126-$104,504
Interest-$47,645-$47,645
Conferences and Meetings$27,128--$27,128
Depreciation Depletion-$24,088-$24,088
Office Expenses$9,887$9,887-$19,774
Fees for Services Accounting$9,318--$9,318
Payroll Taxes$6,060$2,020-$8,080
Occupancy-$7,200-$7,200
Travel$4,887$1,629-$6,516
Insurance-$4,826-$4,826
Advertising$3,711--$3,711
Other Employee Benefits$2,490$830-$3,320
Fees for Services Legal$1,065$1,065-$2,130
Other Expenses$438$285-$438
Total Functional Expenses$396,431$128,693$0$525,124
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$1,049,577
Payroll Tax Liabilties$4,608
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 990 is forwarded in draft form for review and approval by the board before final form 990 is submitted to the irs.

Form 990, Part VI, Section C, Line 19

Form 990 is on file at the office of the authority and is made available as requested.

Filing and Contact Details

Filer

Filer Name
Elmore County Economic Development
EIN
33-1021258
Phone
3345145843
Address
194 FORT TOULOUSE ROAD NO C, WETUMPKA, AL 36092

Signing Officer

Name
Art Faulkner
Title
Chairman
Phone
3345145843
Signed
2020-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Art Faulkner
Formed
2004
Legal Domicile
Al
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
0

Preparer

Firm
Jackson Thornton & Co Pc
Address
194 FORT TOULOUSE ROAD, WETUMPKA, AL 36092
Preparer
Daniel Thompson
Phone
3345673400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services - projects: program service expenses 205,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 205,100. Project expenses: program service expenses 45,665. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,665.

Part XII, Line 2C

The compiled financial statements are provided to the board for review and approval.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt1854
IRS990/OtherExpensesGrp/ProgramServicesAmt2438
IRS990/OtherExpensesGrp/TotalAmt02900
IRS990/OtherExpensesGrp/TotalAmt11642
IRS990/OtherExpensesGrp/TotalAmt21139
IRS990/OtherExpensesGrp/TotalAmt3438
IRS990/OtherLiabilitiesGrp/BOYAmt01054363
IRS990/OtherLiabilitiesGrp/EOYAmt01054185
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028213
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028213
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02020
IRS990/PayrollTaxesGrp/ProgramServicesAmt06060
IRS990/PayrollTaxesGrp/TotalAmt08080
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ART FAULKNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0443450
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01910
IRS990/PYOtherExpensesAmt0291313
IRS990/PYOtherRevenueAmt039250
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0105471
IRS990/PYSalariesCompEmpBnftPaidAmt087826
IRS990/PYTotalExpensesAmt0379139
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0484610
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-92516
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt048000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0384418
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt085251
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-7265
IRS990/SavingsAndTempCashInvstGrp/BOYAmt027098
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0384418
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0443450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0268274
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0364666
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0299016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01759824
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01910
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01954
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01495
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0301
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05850
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0186564
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99670
IRS990ScheduleA/PublicSupportPY170Pct00.99620
IRS990ScheduleA/PublicSupportTotal170Amt01759824
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0384418
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0443450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0268274
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0364666
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0299016
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01759824
IRS990ScheduleA/TotalSupportAmt01765674
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0445692
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0111225
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0556917
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024605
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt024605
IRS990ScheduleD/LandGrp/BookValueAmt0425000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0425000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012966
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt012966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04608
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11049577
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0870692
IRS990ScheduleD/TotalLiabilityAmt01054185
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS FORWARDED IN DRAFT FORM FOR REVIEW AND APPROVAL BY THE BOARD BEFORE FINAL FORM 990 IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS ON FILE AT THE OFFICE OF THE AUTHORITY AND IS MADE AVAILABLE AS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL SERVICES - PROJECTS: PROGRAM SERVICE EXPENSES 205,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205,100. PROJECT EXPENSES: PROGRAM SERVICE EXPENSES 45,665. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,665.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPILED FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01139614
IRS990/TotalAssetsEOYAmt01046920
IRS990/TotalAssetsGrp/BOYAmt01139614
IRS990/TotalAssetsGrp/EOYAmt01046920
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0384418
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0128693
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0396431
IRS990/TotalFunctionalExpensesGrp/TotalAmt0525124
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01054363
IRS990/TotalLiabilitiesEOYAmt01054185
IRS990/TotalLiabilitiesGrp/BOYAmt01054363
IRS990/TotalLiabilitiesGrp/EOYAmt01054185
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt085251
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-7265
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0396431
IRS990/TotalReportableCompFromOrgAmt0104504
IRS990/TotalRevenueGrp/ExclusionAmt0190

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.36$0.59$0.58$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.63$0.44$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$0.73$0.51$0.22
2022Detailed filing. Detailed filing data is available for this year.$1.02$1.07$0.05$0.45$0.51$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.05$1.05$0.00$0.60$0.59$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.05$1.05$0.01$0.43$0.53$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.14$1.05$0.09$0.48$0.38$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.03$1.05$0.02$0.32$0.37$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.08$1.06$0.03$0.41$0.45$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.13$1.06$0.07$0.32$0.27$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.07$1.05$0.02$0.19$0.25$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.49$0.08$0.30$0.23$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.49$0.01$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.49$0.08$0.63