Civic Intelligence

Oak Park Economic Development Corp

990 • Fiscal year 2018 • EIN 36-2788088

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization Profilewww.oakparkeconomicdevelopmentcorporation.org
104 N Oak Park AvenueOak Park, IL 60301

(708) 383-3838

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.40x

Higher debt load relative to assets than 82% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.08x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Net Margin

15th percentile

-16%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

98th percentile

$235,352

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 34.8% of source-year revenue.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Asset Growth

2nd percentile

-51%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

0.8%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$143,510

Down $147,526 (-51%) from 2017

Net Assets

Down

$86,801

Down $105,053 (-55%) from 2017

Liabilities

Down

$56,709

Down $42,473 (-43%) from 2017

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin15th percentile

Revenue

Up

$676,073

Up $5,255 (+0.8%) from 2017

Expenses

Up

$781,126

Up $110,308 (+16%) from 2017

Net Income

Down

-$105,053

Down $105,053 from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$400K$300K$200K$100K$0Assets 2015: $324,202Liabilities 2015: $187,378Net Assets 2015: $136,8242015Assets 2017: $291,036Liabilities 2017: $99,182Net Assets 2017: $191,8542017Assets 2018: $143,510Liabilities 2018: $56,709Net Assets 2018: $86,8012018Assets 2019: $172,492Liabilities 2019: $58,816Net Assets 2019: $113,6762019Assets 2020: $229,553Liabilities 2020: $92,751Net Assets 2020: $136,8022020Assets 2021: $212,467Liabilities 2021: $75,665Net Assets 2021: $136,8022021Assets 2022: $285,638Liabilities 2022: $148,836Net Assets 2022: $136,8022022

Highlighted filing

2018

Assets$143,510
Liabilities$56,709
Net Assets$86,801
Open 2018 Filing

Operations Trend

Revenue Growth45th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $538,885Expenses 2015: $521,802Net Income 2015: $17,0832015Revenue 2017: $670,818Expenses 2017: $670,818Net Income 2017: $02017Revenue 2018: $676,073Expenses 2018: $781,126Net Income 2018: -$105,0532018Revenue 2019: $573,453Expenses 2019: $546,578Net Income 2019: $26,8752019Revenue 2020: $543,858Expenses 2020: $520,732Net Income 2020: $23,1262020Revenue 2021: $506,895Expenses 2021: $506,895Net Income 2021: $02021Revenue 2022: $558,987Expenses 2022: $558,987Net Income 2022: $02022

Highlighted filing

2018

Revenue$676,073
Expenses$781,126
Net Income-$105,053
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$677,073
Mission and Program Overview

Mission

To enhance the quality of life and economic health of Oak Park by:-Expanding its property tax base-Increasing sales tax revenue-Creating jobs in the Village-Retaining jobs in the Village

To attract and promote investment and development in Oak Park with the objectives of:-Expanding the property tax base-Increasing sales tax revenue-Creating jobs in the Village-Retaining jobs in the Village

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$215,874$83,886▼ $131,988
Cash and Non-Interest-Bearing Accounts$8,481$39,577▲ $31,096
Land, Buildings, and Equipment, Net$13,247$12,072▼ $1,175
Prepaid Expenses and Deferred Charges$7,988$7,975▼ $13
Investments in Publicly Traded Securities$1,000$0▼ $1,000
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-
Total Assets$291,036$143,510▼ $147,526
Other Assets Total$44,446$0▼ $44,446
Liabilities
Accounts Payable and Accrued Expenses$48,468$56,709▲ $8,241
Deferred Revenue$50,714--
Total Liabilities$99,182$56,709▼ $42,473
Net Assets / Fund Balance
Unrestricted Net Assets$191,854$86,801▼ $105,053
Total Net Assets Fund Balance$191,854$86,801▼ $105,053
Total Liabilities and Net Assets / Fund Balance$291,036$143,510▼ $147,526

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$11,601$5,899$17,500
Other Land Buildings$471$15,059$15,530
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John LynchExecutive DirectorFT$178,024$57,328$235,352
Viktor M SchraderEcon Dev DirectorFT$95,536$9,852$105,388
Cameron GearenMarketing MgrFT$63,016$10,900$73,916
Allison MarolaOffice MgrFT$32,000$1,264$33,264
Lisa GiacominoStaffFT$11,544$2,141$13,685

Board Members and Trustees

NameTitle
Thomas GallagherChairman
Frank PellegriniVice Chairman
Everett WardDirector
Anan Abu-TalebDirector at large
Cara PavlicekDirector at large
Dan MoroneyDirector at large
Martin J NollDirector at large
Bill RogallaSecretary
Mary LudginTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$721,500
Program Service Revenue
$0
Investment Income
$-981
Other Revenue
$-44,446
Change in Net Assets
$-105,053

Audited Revenue Reconciliation

Revenue per Audited Statements
$721,519
Revenue Not Reported on Financial Statements
$-45,446
Revenue Not Reported on Form 990
$21,925
Other Revenue Adjustments
$-45,446
Total Revenue per Audited Statements
$743,444
Total Revenue per Form 990
$676,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$504,494
Other Expenses$276,632
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$216,767$24,085-$240,852
Other Salaries and Wages$185,256$20,584-$205,840
Advertising$166,160--$166,160
Payroll Taxes$28,059$3,118-$31,177
Fees for Services Other$17,465$9,094-$26,559
Other Employee Benefits$16,998$1,889-$18,887
Occupancy$15,368$1,707-$17,075
Fees for Services Accounting$2,163$12,259-$14,422
Insurance$8,163$907-$9,070
Pension Plan Contributions$6,964$774-$7,738
All Other Expenses-$6,556-$6,556
Other Expenses$276$5,235-$5,511
Office Expenses-$2,860-$2,860
Depreciation Depletion-$1,175-$1,175
Total Functional Expenses$688,303$92,823$0$781,126

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$803,051
Expenses per Audited Statements$781,126
Total Expenses per Form 990$781,126
Expenses Not Reported on Form 990$21,925
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
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
Audit committee
No
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
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, Line 11B: Form 990 Review Process

“The Form 990 will be reviewed by the executive director of OPEDC prior to filing and a copy is supplied to the Board of Directors after it is accepted, if requested”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Conflict of interest is reviewed and signed annually by all officers and directors. If projects arise during the year that create new conflicts, board members recuse themselves. New members are required to sign a conflict of interest immediately.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Compensation for the Executive Director is determined by the Executive Committee.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Compensation, other than the Executive Director, is determined by the Executive Director.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Oak Park Economic Development
EIN
36-2788088
Phone
7083833838
Address
104 N Oak Park Avenue, Oak Park, IL 60301

Signing Officer

Name
John Lynch
Title
Executive Director
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
5
Volunteers
11

Preparer

Firm
Kenny & Kenny PC
Address
1400 West 47th Street Ste 4, La Grange, IL 60525-6148
Preparer
Timothy M Kenny
Phone
7083860600
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IRS990/Desc0The Organizations primary function is to attract new business and expand business development, support and promote business districts, help businesses find commercial locations and work to broaden Oak Park's tax base and increase tax revenue. In 2018, OPEDC supported the following new businesses and developments:-Alcuin Montessori Campus bricks-Cajun Seafood and Boil-Centre Physical Therapy -Club Pilates-Currito-Daly Bagel-Essex Communities-Mojo-Pete's Fresh Market-Poke Burrito-Spero Cross fit-The Community Builders-Turano Bakery Co HQFrom 2016-2018 1. Private Investment $306,050,000($27,500,000/$175,800,000/$102,750,000) 2. Full-time Jobs Gained/Retained 740 (120/270/350)3. Projected Annual Sales Tax (Local Share) $1,924,000 ($334,000/$927,000/$663,000)4. Projected Annual Property Tax~ (Local Taxing Bodies) $4,068,000 ($660,000/$2,300,000/$1,108,000)Square Feet Leased 113,800 33,500/62,000/18,300^ Projected Annual New Business Sales $68,610,000 $13,500,000/$26,400,000/$28,710,000^ Square Feet of New Development 1,390,400 88,000/907,000/395,400^ New Residential Units 1144 (Delivered between 2016-2019)New Programs: City Wide Branding Campaign Notice overall increase in dollars spent for Marketing Budget
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IRS990/GrossReceiptsAmt0677073
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0907
IRS990/InsuranceGrp/ProgramServicesAmt08163
IRS990/InsuranceGrp/TotalAmt09070
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt019
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01000
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020958
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013247
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012072
IRS990/LandBldgEquipCostOrOtherBssAmt033030
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01000
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To attract and promote investment and development in Oak Park with the objectives of:-Expanding the property tax base-Increasing sales tax revenue-Creating jobs in the Village-Retaining jobs in the Village
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0191854
IRS990/NetAssetsOrFundBalancesEOYAmt086801
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1000
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1000
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01707
IRS990/OccupancyGrp/ProgramServicesAmt015368
IRS990/OccupancyGrp/TotalAmt017075
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02860
IRS990/OfficeExpensesGrp/TotalAmt02860
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt044446
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01889
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016998
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018887
IRS990/OtherExpensesGrp/Desc0Dues/subscriptions
IRS990/OtherExpensesGrp/Desc1Workshop/conferences
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Auto/Parking Exp
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0794
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11156
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2630
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt35235
IRS990/OtherExpensesGrp/ProgramServicesAmt012442
IRS990/OtherExpensesGrp/ProgramServicesAmt16550
IRS990/OtherExpensesGrp/ProgramServicesAmt25672
IRS990/OtherExpensesGrp/ProgramServicesAmt3276
IRS990/OtherExpensesGrp/TotalAmt013236
IRS990/OtherExpensesGrp/TotalAmt17706
IRS990/OtherExpensesGrp/TotalAmt26302
IRS990/OtherExpensesGrp/TotalAmt35511
IRS990/OtherRevenueMiscGrp/Desc0Spa Inc Non Bus Bad Debt
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-44446
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-44446
IRS990/OtherRevenueTotalAmt0-44446
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020584
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0185256
IRS990/OtherSalariesAndWagesGrp/TotalAmt0205840
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03118
IRS990/PayrollTaxesGrp/ProgramServicesAmt028059
IRS990/PayrollTaxesGrp/TotalAmt031177
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0774
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06964
IRS990/PensionPlanContributionsGrp/TotalAmt07738
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07988
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07975
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0670787
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt031
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0212579
IRS990/PYSalariesCompEmpBnftPaidAmt0458239
IRS990/PYTotalExpensesAmt0670818
IRS990/PYTotalRevenueAmt0670818
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-105053
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0215874
IRS990/SavingsAndTempCashInvstGrp/EOYAmt083886
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt021925
IRS990ScheduleD/DonatedServicesUseFcltsAmt021925
IRS990ScheduleD/ExpensesNotReportedAmt021925
IRS990ScheduleD/ExpensesSubtotalAmt0781126
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011601
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05899
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt017500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0471
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015059
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015530
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-45446
IRS990ScheduleD/RevenueNotReportedAmt021925
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-45446
IRS990ScheduleD/RevenueSubtotalAmt0721519
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012072
IRS990ScheduleD/TotalExpensesPerForm990Amt0781126
IRS990ScheduleD/TotalRevenuePerForm990Amt0676073
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0743444
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0803051
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0178024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount035000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08744
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08932
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt04652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Lynch
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0235352
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 will be reviewed by the executive director of OPEDC prior to filing and a copy is supplied to the Board of Directors after it is accepted, if requested
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest is reviewed and signed annually by all officers and directors. If projects arise during the year that create new conflicts, board members recuse themselves. New members are required to sign a conflict of interest immediately.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for the Executive Director is determined by the Executive Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation, other than the Executive Director, is determined by the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$143,510
Liabilities
$56,709
Net assets
$86,801
Revenue
$676,073
Expenses
$781,126
Net income
-$105,053
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$1.49$1.37$5.59$5.59$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.76$1.37$5.07$5.07$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.93$1.37$5.44$5.21$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.59$1.14$5.73$5.47$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.44$0.57$0.87$6.76$7.81$1.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.99$1.92$6.71$6.71$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.24$1.87$1.37$5.39$5.22$0.17