Civic Intelligence

Saginaw Economic Development Corporation

990 • Fiscal year 2014 • EIN 38-2028057

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 05, 2014

Organization ProfileN/A
1315 S Washington AveSaginaw, MI 48601

(989) 759-1395

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.56x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

94th percentile

63%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

53rd percentile

2.8%

Faster asset growth than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-90%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$2,595,641

Up $70,529 (+2.8%) from 2013

Net Assets

Up

$2,560,151

Up $39,601 (+1.6%) from 2013

Liabilities

Up

$35,490

Up $30,928 (+678%) from 2013

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin94th percentile

Revenue

Down

$63,223

Down $571,219 (-90%) from 2013

Expenses

Up

$23,622

Up $23,622 from 2013

Net Income

Down

$39,601

Down $594,841 (-94%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,615,616Liabilities 2010: $3,458Net Assets 2010: $1,612,1582010Assets 2011: $2,020,999Liabilities 2011: $64,000Net Assets 2011: $1,956,9992011Assets 2012: $1,886,738Liabilities 2012: $630Net Assets 2012: $1,886,1082012Assets 2013: $2,525,112Liabilities 2013: $4,562Net Assets 2013: $2,520,5502013Assets 2014: $2,595,641Liabilities 2014: $35,490Net Assets 2014: $2,560,1512014Assets 2015: $2,616,889Liabilities 2015: $10,834Net Assets 2015: $2,606,0552015Assets 2016: $2,642,358Liabilities 2016: $1,554Net Assets 2016: $2,640,8042016Assets 2017: $2,545,243Liabilities 2017: $3,615Net Assets 2017: $2,541,6282017Assets 2018: $2,956,991Liabilities 2018: $5,339Net Assets 2018: $2,951,6522018Assets 2019: $2,982,825Liabilities 2019: $2,040Net Assets 2019: $2,980,7852019Assets 2020: $2,821,412Liabilities 2020: $0Net Assets 2020: $2,821,4122020Assets 2021: $2,805,099Liabilities 2021: $11,000Net Assets 2021: $2,794,0992021Assets 2022: $2,433,156Liabilities 2022: $10Net Assets 2022: $2,433,1462022Assets 2023: $1,990,136Liabilities 2023: $964Net Assets 2023: $1,989,1722023Assets 2024: $2,450,372Liabilities 2024: $0Net Assets 2024: $2,450,3722024Assets 2025: $2,391,321Liabilities 2025: $0Net Assets 2025: $2,391,3212025

Highlighted filing

2014

Assets$2,595,641
Liabilities$35,490
Net Assets$2,560,151
Open 2014 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.0M$500K$0-$500KExpenses 2010: $199,8282010Revenue 2011: $402,025Expenses 2011: $57,184Net Income 2011: $344,8412011Expenses 2012: $143,8372012Revenue 2013: $634,442Expenses 2013: $0Net Income 2013: $634,4422013Revenue 2014: $63,223Expenses 2014: $23,622Net Income 2014: $39,6012014Revenue 2015: $90,170Expenses 2015: $44,266Net Income 2015: $45,9042015Revenue 2016: $68,511Expenses 2016: $33,762Net Income 2016: $34,7492016Revenue 2017: $65,473Expenses 2017: $164,649Net Income 2017: -$99,1762017Revenue 2018: $425,073Expenses 2018: $15,049Net Income 2018: $410,0242018Revenue 2019: $126,369Expenses 2019: $97,236Net Income 2019: $29,1332019Revenue 2020: $70,589Expenses 2020: $229,962Net Income 2020: -$159,3732020Revenue 2021: $324,962Expenses 2021: $352,275Net Income 2021: -$27,3132021Revenue 2022: $95,290Expenses 2022: $456,243Net Income 2022: -$360,9532022Revenue 2023: $47,905Expenses 2023: $491,879Net Income 2023: -$443,9742023Revenue 2024: $680,139Expenses 2024: $218,939Net Income 2024: $461,2002024Revenue 2025: $306,125Expenses 2025: $365,176Net Income 2025: -$59,0512025

Highlighted filing

2014

Revenue$63,223
Expenses$23,622
Net Income$39,601
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 5, 2014
Return Version
2013v4.0
Gross Receipts
$63,223
Mission and Program Overview

Mission

To create and retain jobs and to expand and diversify the economic base of the City of Saginaw.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,871,540$1,922,869▲ $51,329
Savings and Temporary Cash Investments$653,572$672,772▲ $19,200
Total Assets$2,525,112$2,595,641▲ $70,529
Liabilities
Accounts Payable and Accrued Expenses$4,562$35,490▲ $30,928
Total Liabilities$4,562$35,490▲ $30,928
Net Assets / Fund Balance
Unrestricted Net Assets$2,520,550$2,560,151▲ $39,601
Total Net Assets Fund Balance$2,520,550$2,560,151▲ $39,601
Total Liabilities and Net Assets / Fund Balance$2,525,112$2,595,641▲ $70,529
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Andrew DominowskiChair
Blanche ClarkVice-chair
Betty GarzaDirector
David BrownDirector
Larry CoulourisDirector
Michael HanleyDirector
Richard SpitzerDirector
William ScharffeSecretary
Christopher SheridanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$57,448
Investment Income
$0
Other Revenue
$5,775
Change in Net Assets
$39,601

Audited Revenue Reconciliation

Revenue per Audited Statements
$63,223
Total Revenue per Audited Statements
$63,223
Total Revenue per Form 990
$63,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,622
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
Other Expenses$23,622--$23,622
Total Functional Expenses$23,622$0$0$23,622

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,622
Total Expenses per Audited Statements$23,622
Total Expenses per Form 990$23,622
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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, Page 6, Part VI, Line 11B

“The cdbg administrator reviews the form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 19

“Documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

EIN
38-2028057
Phone
9897591395

Signing Officer

Name
Yolanda Jones
Title
Budget Administrator
Phone
9897591395
Signed
2014-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shontaye Bibbs
Formed
1974
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Preparer
David R Youngstrom
Phone
9897939830
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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/USAddress/State0MI
IRS990/USAddress/ZIPCode048601
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0YOLANDA JONES
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ReturnHeader/BusinessOfficerGrp/PhoneNum09897591395
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine10SAGINAW ECONOMIC DEVELOPMENT
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ReturnHeader/ReturnTs02015-02-03T09:57:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,595,641
Liabilities
$35,490
Net assets
$2,560,151
Revenue
$63,223
Expenses
$23,622
Net income
$39,601
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.31$0.37$0.06
2024Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.68$0.22$0.46
2023Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.05$0.49$0.44
2022Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.10$0.46$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.01$2.79$0.32$0.35$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.07$0.23$0.16
2019Detailed filing. Detailed filing data is available for this year.$2.98$0.00$2.98$0.13$0.10$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.96$0.01$2.95$0.43$0.02$0.41
2017Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.54$0.07$0.16$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$0.07$0.03$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.62$0.01$2.61$0.09$0.04$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.60$0.04$2.56$0.06$0.02$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.00$2.52$0.63$0.00$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.00$1.89$0.14
2011Summary only. Only limited summary data is available for this year.$2.02$0.06$1.96$0.40$0.06$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.00$1.61$0.20