Civic Intelligence

Greater Gratiot Development Inc.

990 • Fiscal year 2019 • EIN 38-2221284

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 07, 2020

136 S MainIthaca, MI 48847

(989) 875-2083

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

49th percentile

2.5%

Faster asset growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

1.1%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,406,911

Up $58,522 (+2.5%) from 2018

Net Assets

Up

$2,375,808

Up $75,510 (+3.3%) from 2018

Liabilities

Down

$31,103

Down $16,988 (-35%) from 2018

Revenue

Up

$473,945

Up $5,151 (+1.1%) from 2018

Expenses

Down

$398,435

Down $28,583 (-6.7%) from 2018

Net Income

Up

$75,510

Up $33,734 (+81%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,965,132Liabilities 2010: $45,572Net Assets 2010: $1,919,5602010Assets 2011: $1,929,916Liabilities 2011: $42,956Net Assets 2011: $1,886,9602011Assets 2012: $1,977,292Liabilities 2012: $39,359Net Assets 2012: $1,937,9332012Assets 2013: $2,050,877Liabilities 2013: $43,331Net Assets 2013: $2,007,5462013Assets 2014: $2,191,299Liabilities 2014: $40,560Net Assets 2014: $2,150,7392014Assets 2015: $2,238,459Liabilities 2015: $27,946Net Assets 2015: $2,210,5132015Assets 2016: $2,302,755Liabilities 2016: $25,023Net Assets 2016: $2,277,7322016Assets 2017: $2,274,772Liabilities 2017: $16,250Net Assets 2017: $2,258,5222017Assets 2018: $2,348,389Liabilities 2018: $48,091Net Assets 2018: $2,300,2982018Assets 2019: $2,406,911Liabilities 2019: $31,103Net Assets 2019: $2,375,8082019Assets 2020: $2,485,489Liabilities 2020: $20,746Net Assets 2020: $2,464,7432020Assets 2021: $2,566,183Liabilities 2021: $15,140Net Assets 2021: $2,551,0432021Assets 2022: $2,659,852Liabilities 2022: $15,679Net Assets 2022: $2,644,1732022Assets 2023: $2,769,536Liabilities 2023: $25,020Net Assets 2023: $2,744,5162023Assets 2025: $3,038,888Liabilities 2025: $56,657Net Assets 2025: $2,982,2312025

Highlighted filing

2019

Assets$2,406,911
Liabilities$31,103
Net Assets$2,375,808

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $361,7322010Expenses 2011: $459,9342011Expenses 2012: $377,7192012Revenue 2013: $450,135Expenses 2013: $380,522Net Income 2013: $69,6132013Revenue 2014: $591,253Expenses 2014: $448,030Net Income 2014: $143,2232014Revenue 2015: $498,922Expenses 2015: $439,148Net Income 2015: $59,7742015Revenue 2016: $477,769Expenses 2016: $409,540Net Income 2016: $68,2292016Revenue 2017: $528,751Expenses 2017: $547,961Net Income 2017: -$19,2102017Revenue 2018: $468,794Expenses 2018: $427,018Net Income 2018: $41,7762018Revenue 2019: $473,945Expenses 2019: $398,435Net Income 2019: $75,5102019Revenue 2020: $485,502Expenses 2020: $396,567Net Income 2020: $88,9352020Revenue 2021: $497,912Expenses 2021: $411,612Net Income 2021: $86,3002021Revenue 2022: $531,888Expenses 2022: $438,758Net Income 2022: $93,1302022Revenue 2023: $576,014Expenses 2023: $475,671Net Income 2023: $100,3432023Revenue 2025: $716,547Expenses 2025: $547,888Net Income 2025: $168,6592025

Highlighted filing

2019

Revenue$473,945
Expenses$398,435
Net Income$75,510
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 7, 2020
Return Version
2018v3.2
Gross Receipts
$487,264
Mission and Program Overview

Mission

To retain, expand, and attract business & industry and to participate in activities which enhance the economic climate within the gratiot community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,381,526$1,515,821▲ $134,295
Other Notes and Loans Receivable, Net$720,755$639,683▼ $81,072
Cash and Non-Interest-Bearing Accounts$145,650$149,081▲ $3,431
Land, Buildings, and Equipment, Net$91,803$87,057▼ $4,746
Prepaid Expenses and Deferred Charges$3,769$10,369▲ $6,600
Intangible Assets$4,886$3,690▼ $1,196
Accounts Receivable-$1,210-
Total Assets$2,348,389$2,406,911▲ $58,522
Liabilities
Accounts Payable and Accrued Expenses$48,091$31,103▼ $16,988
Total Liabilities$48,091$31,103▼ $16,988
Net Assets / Fund Balance
Unrestricted Net Assets$2,299,298$2,374,829▲ $75,531
Temporarily Rstr Net Assets$1,000$979▼ $21
Total Net Assets Fund Balance$2,300,298$2,375,808▲ $75,510
Total Liabilities and Net Assets / Fund Balance$2,348,389$2,406,911▲ $58,522

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$75,867$56,172$132,039
Equipment$8,190$23,638$31,828
Land$3,000-$3,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim WheelerPresidentFT$114,656$35,281$149,937

Board Members and Trustees

NameTitle
Bill HendersonChairman
Kevin CollisonVice Chair
Greg Mapes2nd Vice CHA
Cindy BosleyAt-large Off
Pam MunderlohSecretary
Kevin BeesonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$440,467
Program Service Revenue
$20,445
Investment Income
$6,128
Other Revenue
$6,905
All Other Contributions
$16,500
Change in Net Assets
$75,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$473,945
Total Revenue per Audited Statements
$473,945
Total Revenue per Form 990
$473,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$321,340
Other Expenses$77,095
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$132,677$14,742-$147,419
Other Salaries and Wages$52,703$64,315-$117,018
Other Employee Benefits$4,463$19,817-$24,280
Payroll Taxes$11,207$7,226-$18,433
Travel$15,127--$15,127
Pension Plan Contributions$8,656$5,534-$14,190
Occupancy$3,834$7,819-$11,653
Depreciation Depletion$6,565$4,233-$10,798
Advertising$8,737--$8,737
Fees for Services Accounting$4,500$2,900-$7,400
Office Expenses$4,324$2,789-$7,113
Fees for Services Other$3,053$1,968-$5,021
Fees for Services Legal$2,115$1,364-$3,479
Insurance$1,065$686-$1,751
Conferences and Meetings-$772-$772
Other Expenses$732$652-$652
Total Functional Expenses$262,107$136,328$0$398,435

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$398,435
Total Expenses per Audited Statements$398,435
Total Expenses per Form 990$398,435
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
Yes
Annual disclosure for covered persons
Yes
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
Yes
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

The 990 is reviewed by the president.

Form 990, Page 6, Part VI, Line 12C

Annual disclosure of conflicts of interest is required.

Form 990, Page 6, Part VI, Line 15A

The board approves the president's salary.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Greater Gratiot Development Inc
EIN
38-2221284
Phone
9898752083
Address
136 S MAIN, ITHACA, MI 48847

Signing Officer

Name
Jim Wheeler
Title
President
Phone
9898752083
Signed
2020-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Wheeler
Formed
1978
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
4
Volunteers
6

Preparer

Firm
Yeo & Yeo Pc
Address
P O BOX 248, ALMA, MI 48801
Preparer
Ali N Barnes
Phone
9894636108
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt075510
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt020445
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01381526
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01515821
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 97,909
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt068000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt042053
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt017000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0153053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt019447
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt043643
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt043235
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt042690
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt043895
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0192910
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0130665
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06905
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04273
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt018150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt013834
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt054747
IRS990ScheduleA/OtherIncome170Grp/TotalAmt097909
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88060
IRS990ScheduleA/PublicSupportPY170Pct00.83640
IRS990ScheduleA/PublicSupportTotal170Amt02145847
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0413967
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0411378
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0402366
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0381803
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0383280
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01992794
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0430467
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0420878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0470366
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0423856
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0400280
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02145847
IRS990ScheduleA/TotalSupportAmt02436666
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt075867
IRS990ScheduleD/BuildingsGrp/DepreciationAmt056172
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0132039
IRS990ScheduleD/EquipmentGrp/BookValueAmt08190
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023638
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031828
IRS990ScheduleD/ExpensesSubtotalAmt0398435
IRS990ScheduleD/LandGrp/BookValueAmt03000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03000
IRS990ScheduleD/RevenueSubtotalAmt0473945
IRS990ScheduleD/TotalBookValueLandBuildingsAmt087057
IRS990ScheduleD/TotalExpensesPerForm990Amt0398435
IRS990ScheduleD/TotalRevenuePerForm990Amt0473945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0473945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0398435
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL DISCLOSURE OF CONFLICTS OF INTEREST IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES THE PRESIDENT'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0979
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02348389
IRS990/TotalAssetsEOYAmt02406911
IRS990/TotalAssetsGrp/BOYAmt02348389
IRS990/TotalAssetsGrp/EOYAmt02406911
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0440467
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136328
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0262107
IRS990/TotalFunctionalExpensesGrp/TotalAmt0398435
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt048091
IRS990/TotalLiabilitiesEOYAmt031103
IRS990/TotalLiabilitiesGrp/BOYAmt048091
IRS990/TotalLiabilitiesGrp/EOYAmt031103
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02300298
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02375808
IRS990/TotalOtherCompensationAmt035281
IRS990/TotalProgramServiceExpensesAmt0262107
IRS990/TotalProgramServiceRevenueAmt020445
IRS990/TotalReportableCompFromOrgAmt0114656
IRS990/TotalRevenueGrp/ExclusionAmt013033
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020445
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0473945
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02348389
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02406911
IRS990/TravelGrp/ProgramServicesAmt015127
IRS990/TravelGrp/TotalAmt015127
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02299298
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02374829
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0136 SOUTH MAIN
IRS990/USAddress/CityNm0ITHACA
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0488471440
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.GRATIOT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.06$2.98$0.72$0.55$0.17
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.03$2.74$0.58$0.48$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$0.02$2.64$0.53$0.44$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.02$2.55$0.50$0.41$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.02$2.46$0.49$0.40$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.41$0.03$2.38$0.47$0.40$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.05$2.30$0.47$0.43$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.02$2.26$0.53$0.55$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.03$2.28$0.48$0.41$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.24$0.03$2.21$0.50$0.44$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.04$2.15$0.59$0.45$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.04$2.01$0.45$0.38$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.04$1.94$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.04$1.89$0.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.05$1.92$0.36