Civic Intelligence

Saginaw Economic Development Corporation

990 • Fiscal year 2015 • EIN 38-2028057

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 11, 2016

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

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

52nd percentile

0.12x

Higher debt load relative to revenue than 52% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

51st percentile

0.8%

Faster asset growth than 51% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

87th percentile

43%

Faster revenue growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$2,616,889

Up $21,248 (+0.8%) from 2014

Net Assets

Up

$2,606,055

Up $45,904 (+1.8%) from 2014

Liabilities

Down

$10,834

Down $24,656 (-69%) from 2014

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin92nd percentile

Revenue

Up

$90,170

Up $26,947 (+43%) from 2014

Expenses

Up

$44,266

Up $20,644 (+87%) from 2014

Net Income

Up

$45,904

Up $6,303 (+16%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2015

Assets$2,616,889
Liabilities$10,834
Net Assets$2,606,055
Open 2015 Filing

Operations Trend

Revenue Growth87th 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

2015

Revenue$90,170
Expenses$44,266
Net Income$45,904
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 11, 2016
Return Version
2014v6.0
Gross Receipts
$90,170
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$1,922,869$1,761,544▼ $161,325
Savings and Temporary Cash Investments$672,772$855,345▲ $182,573
Total Assets$2,595,641$2,616,889▲ $21,248
Liabilities
Accounts Payable and Accrued Expenses$35,490$10,834▼ $24,656
Total Liabilities$35,490$10,834▼ $24,656
Net Assets / Fund Balance
Unrestricted Net Assets$2,560,151$2,606,055▲ $45,904
Total Net Assets Fund Balance$2,560,151$2,606,055▲ $45,904
Total Liabilities and Net Assets / Fund Balance$2,595,641$2,616,889▲ $21,248
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Andrew DominowskiChair
Blanche ClarkVice-chair
Gregory DietrichDirector
Larry CoulourisDirector
Matthew WidemanDirector
Michael HanleyDirector
Richard SpitzerDirector
Scott PutzigDirector
Todd DixonDirector
Tom Miller JrDirector
Yolanda JonesBudget Admin
William ScharffeSecretary
Christopher SheridanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,380
Program Service Revenue
$73,538
Investment Income
$0
Other Revenue
$8,252
Change in Net Assets
$45,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$90,170
Total Revenue per Audited Statements
$90,170
Total Revenue per Form 990
$90,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,266
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$44,266--$44,266
Total Functional Expenses$44,266$0$0$44,266

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$44,266
Total Expenses per Audited Statements$44,266
Total Expenses per Form 990$44,266
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

Filer Name
Saginaw Economic Development
EIN
38-2028057
Phone
9897591395
Address
1315 S WASHINGTON AVE, SAGINAW, MI 48601

Signing Officer

Name
Yolanda Jones
Title
Budget Administrator
Phone
9897591395
Signed
2016-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shontaye Bibbs
Formed
1974
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Yeo & Yeo Pc
Address
PO BOX 3275, SAGINAW, MI 48605
Preparer
Jamie Rivette
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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt072946
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0402025
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01262806
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IRS990ScheduleD/RevenueSubtotalAmt090170
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IRS990ScheduleD/TotalRevenuePerForm990Amt090170
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt090170
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CDBG ADMINISTRATOR REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02616889
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt044266
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IRS990/TotalLiabilitiesEOYAmt010834
IRS990/TotalLiabilitiesGrp/BOYAmt035490
IRS990/TotalLiabilitiesGrp/EOYAmt010834
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02560151
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02606055
IRS990/TotalProgramServiceExpensesAmt044266
IRS990/TotalProgramServiceRevenueAmt073538
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt081790
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt090170
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02595641
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IRS990/USAddress/CityNm0SAGINAW
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IRS990/USAddress/ZIPCd048601
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0YOLANDA JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUDGET ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09897591395
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAGINAW ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SAGI
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YEO & YEO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3275
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAGINAW
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048605
ReturnHeader/PreparerPersonGrp/PhoneNum09897939830
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMIE RIVETTE
ReturnHeader/ReturnTs02016-02-16T08:38:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,616,889
Liabilities
$10,834
Net assets
$2,606,055
Revenue
$90,170
Expenses
$44,266
Net income
$45,904
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