Civic Intelligence

Midcor Corporation

EIN 35-1695852 • 501(c)4 • Madison, IN

Profile

To stimulate quality economic development to raise the standard of living and promote quality of life in jefferson county

101 West Main St PO Box 421Madison, IN 47250

www.madisonindiana.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $8,756 (-100%) from 2020

Liabilities

Down

$0

Down $97 (-100%) from 2020

Net Assets

Down

$0

Down $8,659 (-100%) from 2020

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $167 (-100%) from 2020

Expenses

Down

$8,659

Down $6,790 (-44%) from 2020

Net Income

Up

-$8,659

Up $6,623 (+43%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2019: $24,131Liabilities 2019: $190Net Assets 2019: $23,9412019Assets 2020: $8,756Liabilities 2020: $97Net Assets 2020: $8,6592020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2019: $151,062Expenses 2019: $131,355Net Income 2019: $19,7072019Revenue 2020: $167Expenses 2020: $15,449Net Income 2020: -$15,2822020Revenue 2021: $0Expenses 2021: $8,659Net Income 2021: -$8,6592021

Highlighted filing

2021

Revenue$0
Expenses$8,659
Net Income-$8,659
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$8,659
Net income
-$8,659
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.09$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.00$0.15$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$1.51$1.31$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Nov 30, 2021
Signed
Feb 10, 2022
Return Version
2021v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

To stimulate quality economic development to raise the standard of living and promote quality of life in jefferson county

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,756--
Total Assets$8,756$0▼ $8,756
Liabilities
Accounts Payable and Accrued Expenses$97--
Total Liabilities$97$0▼ $97
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,659--
Total Net Assets Fund Balance$8,659$0▼ $8,659
Total Liabilities and Net Assets / Fund Balance$8,756$0▼ $8,756
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Doug HamiltonPresident
Dustin StewartDirector
Jeff PhillipsDirector
Kenton WilliamsDirector
Matt WirthExecutive Di
Tammy CarnesTreasurer/se
Jeff StudebakerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$5,487-$5,487
Office Expenses-$873-$873
Advertising$871--$871
Other Expenses-$244-$244
Total Functional Expenses$871$7,788$0$8,659
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“President and executive director reviewed prior to filing. Board will receive copy of filed 990 return.”

Form 990, Page 6, Part VI, Line 19

“Statement of operations presented at annual meeting”

Filing and Contact Details

Filer

Filer Name
Midcor Corporation
EIN
35-1695852
Phone
8125696991
Address
101 WEST MAIN ST PO BOX 421, MADISON, IN 47250
Doing Business As
Jefferson Co Industrial Dev Corp

Signing Officer

Name
Doug Hamilton
Title
President
Phone
8122654769
Signed
2022-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Hamilton
Formed
1983
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Sherman Barber & Mullikin Pc
Address
210 W 3RD ST, MADISON, IN 47250-3339
Preparer
Shaun a King CPA
Phone
8122655312
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

“Jefferson co. Industrial dev. Corp.”

Raw XML Appendix268 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRESIDENT AND EXECUTIVE DIRECTOR REVIEWED PRIOR TO FILING. BOARD WILL RECEIVE COPY OF FILED 990 RETURN.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxYr02021

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