Civic Intelligence

Elmore County Economic Development Authority

990 • Fiscal year 2019 • EIN 33-1021258

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 11, 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

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

2.18x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$76,852

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

88th percentile

53%

Faster revenue growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,139,614

Up $108,182 (+10%) from 2018

Net Assets

Up

$85,251

Up $105,471 (+522%) from 2018

Liabilities

Up

$1,054,363

Up $2,711 (+0.3%) from 2018

Revenue

Up

$484,610

Up $168,638 (+53%) from 2018

Expenses

Up

$379,139

Up $13,963 (+3.8%) from 2018

Net Income

Up

$105,471

Up $154,675 (+314%) from 2018

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

2019

Assets$1,139,614
Liabilities$1,054,363
Net Assets$85,251

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

2019

Revenue$484,610
Expenses$379,139
Net Income$105,471
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 11, 2020
Return Version
2018v3.2
Gross Receipts
$484,610
Mission and Program Overview

Mission

Economic development of elmore county

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$918,974$894,779▼ $24,195
Cash and Non-Interest-Bearing Accounts$57,573$189,524▲ $131,951
Rtn Earn Endowment Incm Other Fnds$-20,220$85,251▲ $105,471
Other Notes and Loans Receivable, Net$28,213$28,213→ $0
Savings and Temporary Cash Investments$26,672$27,098▲ $426
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,031,432$1,139,614▲ $108,182
Liabilities
Other Liabilities$1,051,652$1,054,363▲ $2,711
Total Liabilities$1,051,652$1,054,363▲ $2,711
Net Assets / Fund Balance
Total Net Assets Fund Balance$-20,220$85,251▲ $105,471
Total Liabilities and Net Assets / Fund Balance$1,031,432$1,139,614▲ $108,182

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$469,779$87,138-
Other Land Buildings$0$12,966-
Land$425,000--
Equipment$0$24,605-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cary CoxExecutive DirectorFT$76,852$76,852
Leisa S FinleyFormer Executive DirectorFT$2,466$2,466

Board Members and Trustees

NameTitle
Art FaulknerChairman
Ann HarperBoard Member
Clarence BuggsBoard Member
Clay McconnellBoard Member
Harris GarnerBoard Member
John StricklandBoard Member
Laurie RygielBoard Member
Lee GreerBoard Member
Sam TurnerBoard Member
Sharon AlexanderBoard Member
Tim GothardBoard Member
Tom StackhouseBoard Member
Rhett SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$443,450
Program Service Revenue
$0
Investment Income
$1,910
Other Revenue
$39,250
All Other Contributions
$443,450
Change in Net Assets
$105,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,313
Salaries, Compensation, and Employee Benefits$87,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$127,372$28,079-$155,451
Current Officers, Directors, Trustees, and Key Employees$59,488$19,829-$79,317
Interest-$41,960-$41,960
Depreciation Depletion-$24,195-$24,195
Fees for Services Management$15,000--$15,000
Conferences and Meetings$10,278--$10,278
Office Expenses$4,887$4,887-$9,774
Fees for Services Accounting$8,684--$8,684
Payroll Taxes$5,203$1,734-$6,937
Occupancy-$6,860-$6,860
Insurance-$4,254-$4,254
Other Expenses$990$990-$1,980
Advertising$1,749--$1,749
Other Employee Benefits$1,179$393-$1,572
All Other Expenses$75$1,327-$1,402
Travel$419$140-$559
Fees for Services Legal$125$125-$250
Total Functional Expenses$241,788$137,351$0$379,139
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$1,051,424
Payroll Tax Liabilties$2,939
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
2020-08-11
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
2
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: program service expenses 110,764. Management and general expenses 28,079. Fundraising expenses 0. Total expenses 138,843. Project expenses: program service expenses 16,608. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,608.

FORM 990, PART XII, LINE 2C:

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

Raw XML AppendixShowing 400 of 465 raw XML fields

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/Desc1WEBSITE
IRS990/OtherExpensesGrp/Desc2MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3MISC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02073
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1505
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2990
IRS990/OtherExpensesGrp/ProgramServicesAmt02073
IRS990/OtherExpensesGrp/ProgramServicesAmt12752
IRS990/OtherExpensesGrp/ProgramServicesAmt21514
IRS990/OtherExpensesGrp/ProgramServicesAmt3990
IRS990/OtherExpensesGrp/TotalAmt04146
IRS990/OtherExpensesGrp/TotalAmt12752
IRS990/OtherExpensesGrp/TotalAmt22019
IRS990/OtherExpensesGrp/TotalAmt31980
IRS990/OtherLiabilitiesGrp/BOYAmt01051652
IRS990/OtherLiabilitiesGrp/EOYAmt01054363
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028213
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028213
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01734
IRS990/PayrollTaxesGrp/ProgramServicesAmt05203
IRS990/PayrollTaxesGrp/TotalAmt06937
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ART FAULKNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0268274
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012248
IRS990/PYOtherExpensesAmt0273483
IRS990/PYOtherRevenueAmt035450
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-49204
IRS990/PYSalariesCompEmpBnftPaidAmt091693
IRS990/PYTotalExpensesAmt0365176
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0315972
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0105471
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt039250
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0443451
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-20220
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt085251
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026672
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0443450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0268274
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0364666
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0299016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0188475
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01563881
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01910
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01954
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01495
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0301
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0308
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05968
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0138564
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99620
IRS990ScheduleA/PublicSupportPY170Pct00.99700
IRS990ScheduleA/PublicSupportTotal170Amt01563881
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0443450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0268274
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0364666
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0299016
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0188475
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01563881
IRS990ScheduleA/TotalSupportAmt01569849
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/BookValueAmt0469779
IRS990ScheduleD/BuildingsGrp/DepreciationAmt087138
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/Amt02939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11051424
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0894779
IRS990ScheduleD/TotalLiabilityAmt01054363
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: PROGRAM SERVICE EXPENSES 110,764. MANAGEMENT AND GENERAL EXPENSES 28,079. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,843. PROJECT EXPENSES: PROGRAM SERVICE EXPENSES 16,608. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,608.
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/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01031432
IRS990/TotalAssetsEOYAmt01139614
IRS990/TotalAssetsGrp/BOYAmt01031432
IRS990/TotalAssetsGrp/EOYAmt01139614
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0443450
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0137351
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0241788
IRS990/TotalFunctionalExpensesGrp/TotalAmt0379139
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01051652
IRS990/TotalLiabilitiesEOYAmt01054363
IRS990/TotalLiabilitiesGrp/BOYAmt01051652

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