Civic Intelligence

Allen Economic Development Group

990 • Fiscal year 2020 • EIN 34-1833790

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileWWW.AEDG.ORG

View Organization Page

144 South Main Street No 200Lima, OH 45801

(419) 222-7706

Siviq Scores

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

Liabilities / Assets

64th percentile

0.05x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.05x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

13th percentile

-40%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

97th percentile

$113,369

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 38.9% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

15th percentile

-25%

Faster asset growth than 15% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

6.1%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$337,110

Down $111,736 (-25%) from 2019

Net Assets

Down

$321,893

Down $116,957 (-27%) from 2019

Liabilities

Up

$15,217

Up $5,221 (+52%) from 2019

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin13th percentile

Revenue

Up

$291,082

Up $16,755 (+6.1%) from 2019

Expenses

Down

$408,039

Down $8,296 (-2.0%) from 2019

Net Income

Up

-$116,957

Up $25,051 (+18%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$1.0M$500K$0Assets 2014: $89,123Liabilities 2014: $32,907Net Assets 2014: $56,2162014Assets 2015: $138,138Liabilities 2015: $28,789Net Assets 2015: $109,3492015Assets 2016: $135,263Liabilities 2016: $25,310Net Assets 2016: $109,9532016Assets 2017: $896,291Liabilities 2017: $19,324Net Assets 2017: $876,9672017Assets 2018: $589,925Liabilities 2018: $9,970Net Assets 2018: $579,9552018Assets 2019: $448,846Liabilities 2019: $9,996Net Assets 2019: $438,8502019Assets 2020: $337,110Liabilities 2020: $15,217Net Assets 2020: $321,8932020Assets 2021: $364,297Liabilities 2021: $12,179Net Assets 2021: $352,1182021Assets 2022: $377,096Liabilities 2022: $18,724Net Assets 2022: $358,3722022Assets 2023: $475,040Liabilities 2023: $15,910Net Assets 2023: $459,1302023Assets 2024: $477,340Liabilities 2024: $42,328Net Assets 2024: $435,0122024

Highlighted filing

2020

Assets$337,110
Liabilities$15,217
Net Assets$321,893
Open 2020 Filing

Operations Trend

Revenue Growth83rd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $440,033Expenses 2014: $414,034Net Income 2014: $25,9992014Revenue 2015: $705,951Expenses 2015: $652,818Net Income 2015: $53,1332015Revenue 2016: $725,720Expenses 2016: $725,114Net Income 2016: $6062016Revenue 2017: $1,578,815Expenses 2017: $811,801Net Income 2017: $767,0142017Revenue 2018: $403,829Expenses 2018: $700,842Net Income 2018: -$297,0132018Revenue 2019: $274,327Expenses 2019: $416,335Net Income 2019: -$142,0082019Revenue 2020: $291,082Expenses 2020: $408,039Net Income 2020: -$116,9572020Revenue 2021: $479,774Expenses 2021: $449,549Net Income 2021: $30,2252021Revenue 2022: $529,875Expenses 2022: $523,621Net Income 2022: $6,2542022Revenue 2023: $709,798Expenses 2023: $609,040Net Income 2023: $100,7582023Revenue 2024: $710,147Expenses 2024: $734,265Net Income 2024: -$24,1182024

Highlighted filing

2020

Revenue$291,082
Expenses$408,039
Net Income-$116,957
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$291,082
Mission and Program Overview

Mission

Economic growth and development

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$438,850$321,893▼ $116,957
Cash and Non-Interest-Bearing Accounts$435,462$287,629▼ $147,833
Accounts Receivable$1,000$41,000▲ $40,000
Land, Buildings, and Equipment, Net$11,266$6,816▼ $4,450
Prepaid Expenses and Deferred Charges$1,118$1,665▲ $547
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$448,846$337,110▼ $111,736
Liabilities
Accounts Payable and Accrued Expenses$9,996$15,217▲ $5,221
Total Liabilities$9,996$15,217▲ $5,221
Net Assets / Fund Balance
Total Net Assets Fund Balance$438,850$321,893▼ $116,957
Total Liabilities and Net Assets / Fund Balance$448,846$337,110▼ $111,736

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,816$44,965$51,781
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David StrattonCEOFT$106,451$6,918$113,369

Board Members and Trustees

NameTitle
Caroll RussellBoard Chair
Mike SwickPresident
Todd SuttonBoard Vice Chair
Cory NoonanTrustee
David BergerTrustee
Don KlausingTrustee
Eric PohjalaTrustee
Howard VioletTrustee
John ReckerTrustee
Keith HornerTrustee
Perry WiltsieTrustee
Tim WindauTrustee
Tim TurnwaldSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$232,788
Program Service Revenue
$56,000
Investment Income
$0
Other Revenue
$2,294
All Other Contributions
$232,788
Change in Net Assets
$-116,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$299,043
Other Expenses$108,996
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$138,474
Current Officers, Directors, Trustees, and Key Employees---$106,451
Occupancy---$31,431
Other Employee Benefits---$27,686
Fees for Services Accounting---$24,075
Payroll Taxes---$18,260
Office Expenses---$16,698
Advertising---$15,099
Pension Plan Contributions---$8,172
Depreciation Depletion---$4,450
Insurance---$3,265
Travel---$2,921
Other Expenses---$2,420
Conferences and Meetings---$675
Fees for Services Other---$450
Total Functional Expenses$0$0$0$408,039
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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

“A draft copy of the 990 return is reviewed and approved by the board prior to filing.”

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

“Directors are required to disclose conflicts of interest as they may occur. However, we have never had a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Executive wages are determined by reviewing data provided by our national association, the international economic development group, and an annual performance review by the executive committee and approval by the board of trustees. Wages for officers are determined using comparability data and final approval of rates is done by the board of trustees.”

Form 990, Part VI, Section C, Line 19

“Documents are available at the place of business upon request.”

Filing and Contact Details

Filer

Filer Name
Allen Economic Development Group
EIN
34-1833790
Phone
4192227706
Address
144 SOUTH MAIN STREET NO 200, LIMA, OH 45801

Signing Officer

Name
David Stratton
Title
CEO
Phone
4192227706
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Stratton
Formed
1993
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
0

Preparer

Firm
Rea & Associates Inc
Address
2579 SHAWNEE ROAD, LIMA, OH 45806
Preparer
Peggy L Minnig CPA
Phone
4193311040
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C.

“There has been no change since the previous year.”

Raw XML Appendix383 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/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0438850
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0321893
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/OtherLandBuildingsGrp/BookValueAmt06816
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044965
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt051781
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06816
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE 990 RETURN IS REVIEWED AND APPROVED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AS THEY MAY OCCUR. HOWEVER, WE HAVE NEVER HAD A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE WAGES ARE DETERMINED BY REVIEWING DATA PROVIDED BY OUR NATIONAL ASSOCIATION, THE INTERNATIONAL ECONOMIC DEVELOPMENT GROUP, AND AN ANNUAL PERFORMANCE REVIEW BY THE EXECUTIVE COMMITTEE AND APPROVAL BY THE BOARD OF TRUSTEES. WAGES FOR OFFICERS ARE DETERMINED USING COMPARABILITY DATA AND FINAL APPROVAL OF RATES IS DONE BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE AT THE PLACE OF BUSINESS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE SINCE THE PREVIOUS YEAR.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C.
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0448846
IRS990/TotalAssetsEOYAmt0337110
IRS990/TotalAssetsGrp/BOYAmt0448846
IRS990/TotalAssetsGrp/EOYAmt0337110
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0232788
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0408039
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09996
IRS990/TotalLiabilitiesEOYAmt015217
IRS990/TotalLiabilitiesGrp/BOYAmt09996
IRS990/TotalLiabilitiesGrp/EOYAmt015217
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0438850
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0321893
IRS990/TotalOtherCompensationAmt06918
IRS990/TotalProgramServiceRevenueAmt056000
IRS990/TotalReportableCompFromOrgAmt0106451
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058294
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0291082
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0448846
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0337110
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02921
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0144 SOUTH MAIN STREET NO 200
IRS990/USAddress/CityNm0LIMA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045801
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.AEDG.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID STRATTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04192227706
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALLEN ECONOMIC DEVELOPMENT GROUP
ReturnHeader/Filer/BusinessNameControlTxt0ALLE
ReturnHeader/Filer/EIN0341833790
ReturnHeader/Filer/PhoneNum04192227706
ReturnHeader/Filer/USAddress/AddressLine1Txt0144 SOUTH MAIN STREET NO 200
ReturnHeader/Filer/USAddress/CityNm0LIMA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045801
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341310124
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REA & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02579 SHAWNEE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LIMA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045806
ReturnHeader/PreparerPersonGrp/PhoneNum04193311040
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PEGGY L MINNIG CPA
ReturnHeader/ReturnTs02021-11-12T08:59:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STRATTON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$337,110
Liabilities
$15,217
Net assets
$321,893
Revenue
$291,082
Expenses
$408,039
Net income
-$116,957
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.48$0.04$0.44$0.71$0.73$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.48$0.02$0.46$0.71$0.61$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.36$0.53$0.52$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.36$0.01$0.35$0.48$0.45$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.02$0.32$0.29$0.41$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$0.27$0.42$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.59$0.01$0.58$0.40$0.70$0.30
2017Detailed filing. Detailed filing data is available for this year.$0.90$0.02$0.88$1.58$0.81$0.77
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.03$0.11$0.73$0.73$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.03$0.11$0.71$0.65$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.03$0.06$0.44$0.41$0.03