Civic Intelligence

Monroe County Business Development Corporation

990 • Fiscal year 2014 • EIN 38-2415486

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 11, 2015

Organization ProfileMONROECOUNTYBDC.ORG

View Organization Page

102 E Front StMonroe, MI 48161

(734) 241-8081

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

26th percentile

0.00x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

82nd percentile

$79,170

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 25.6% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

83rd percentile

28%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

51st percentile

5.0%

Faster revenue growth than 51% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$542,177

Up $118,546 (+28%) from 2013

Net Assets

Up

$541,926

Up $119,490 (+28%) from 2013

Liabilities

Down

$251

Down $944 (-79%) from 2013

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin88th percentile

Revenue

Up

$309,646

Up $14,694 (+5.0%) from 2013

Expenses

Down

$189,921

Down $77,055 (-29%) from 2013

Net Income

Up

$119,725

Up $91,749 (+328%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $380,829Liabilities 2010: $0Net Assets 2010: $380,8292010Assets 2011: $380,263Liabilities 2011: $1,177Net Assets 2011: $379,0862011Assets 2012: $396,366Liabilities 2012: $3,692Net Assets 2012: $392,6742012Assets 2013: $423,631Liabilities 2013: $1,195Net Assets 2013: $422,4362013Assets 2014: $542,177Liabilities 2014: $251Net Assets 2014: $541,9262014Assets 2015: $649,769Liabilities 2015: $163Net Assets 2015: $649,6062015Assets 2016: $739,447Liabilities 2016: $0Net Assets 2016: $739,4472016Assets 2017: $822,629Liabilities 2017: $1,965Net Assets 2017: $820,6642017Assets 2018: $1,085,355Liabilities 2018: $13,946Net Assets 2018: $1,071,4092018Assets 2019: $1,169,221Liabilities 2019: $28,130Net Assets 2019: $1,141,0912019Assets 2020: $1,214,915Liabilities 2020: $55,800Net Assets 2020: $1,159,1152020Assets 2021: $1,344,038Liabilities 2021: $72,342Net Assets 2021: $1,271,6962021Assets 2022: $1,256,866Liabilities 2022: $69,890Net Assets 2022: $1,186,9762022Assets 2023: $1,627,775Liabilities 2023: $40,867Net Assets 2023: $1,586,9092023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2014

Assets$542,177
Liabilities$251
Net Assets$541,926
Open 2014 Filing

Operations Trend

Revenue Growth51st percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $255,9222010Expenses 2011: $247,9522011Revenue 2012: $207,732Expenses 2012: $195,218Net Income 2012: $12,5142012Revenue 2013: $294,952Expenses 2013: $266,976Net Income 2013: $27,9762013Revenue 2014: $309,646Expenses 2014: $189,921Net Income 2014: $119,7252014Revenue 2015: $323,079Expenses 2015: $216,905Net Income 2015: $106,1742015Revenue 2016: $456,651Expenses 2016: $378,881Net Income 2016: $77,7702016Revenue 2017: $312,705Expenses 2017: $247,117Net Income 2017: $65,5882017Revenue 2018: $525,694Expenses 2018: $240,281Net Income 2018: $285,4132018Revenue 2019: $312,481Expenses 2019: $319,492Net Income 2019: -$7,0112019Revenue 2020: $437,201Expenses 2020: $427,537Net Income 2020: $9,6642020Revenue 2021: $444,102Expenses 2021: $375,572Net Income 2021: $68,5302021Revenue 2022: $506,256Expenses 2022: $422,097Net Income 2022: $84,1592022Revenue 2023: $1,110,299Expenses 2023: $829,139Net Income 2023: $281,1602023Revenue 2024: $0Expenses 2024: $1,586,908Net Income 2024: -$1,586,9082024

Highlighted filing

2014

Revenue$309,646
Expenses$189,921
Net Income$119,725
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 11, 2015
Return Version
2014v5.0
Gross Receipts
$309,646
Mission and Program Overview

Mission

Growing monroe county's economy by creating new and diversified job opportunities for its citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$268,359$293,969▲ $25,610
Investments in Publicly Traded Securities$113,891$205,227▲ $91,336
Accounts Receivable$40,000$42,150▲ $2,150
Prepaid Expenses and Deferred Charges$1,381$831▼ $550
Total Assets$423,631$542,177▲ $118,546
Liabilities
Accounts Payable and Accrued Expenses$1,195$251▼ $944
Total Liabilities$1,195$251▼ $944
Net Assets / Fund Balance
Unrestricted Net Assets$422,436$511,926▲ $89,490
Temporarily Rstr Net Assets-$30,000-
Total Net Assets Fund Balance$422,436$541,926▲ $119,490
Total Liabilities and Net Assets / Fund Balance$423,631$542,177▲ $118,546

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$12,070$12,070
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleBaseTotal
-President$79,170$79,170

Board Members and Trustees

NameTitle
-Chairman
-Vice Chairma
-Director
Annette PhillipsDirector
Nick KrzeminskiDirector
Stephen McnewDirector
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$271,734
Program Service Revenue
$0
Investment Income
$5,912
Other Revenue
$32,000
All Other Contributions
$140,500
Change in Net Assets
$119,725

Audited Revenue Reconciliation

Revenue per Audited Statements
$309,646
Revenue Not Reported on Form 990
$15,428
Total Revenue per Audited Statements
$325,074
Total Revenue per Form 990
$309,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$143,308
Other Expenses$46,613
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$79,170--$79,170
Other Salaries and Wages$53,954--$53,954
Payroll Taxes$10,184--$10,184
Fees for Services Accounting$7,304--$7,304
Office Expenses$6,386--$6,386
Advertising$6,316--$6,316
Travel$5,006--$5,006
All Other Expenses$2,470--$2,470
Insurance$2,335--$2,335
Other Expenses$986--$986
Total Functional Expenses$189,921$0$0$189,921

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$205,584
Expenses per Audited Statements$189,921
Total Expenses per Form 990$189,921
Expenses Not Reported on Form 990$15,663
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
Backup withholding compliance
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
Yes
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

“Form 990 is available at the office upon request.”

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

“Executive committee reviews the compensation of the executive director.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Monroe County Business
EIN
38-2415486
Phone
7342418081
Address
102 E FRONT ST, MONROE, MI 48161

Signing Officer

Name
Doug Chaffin
Title
Chairman
Phone
7342418081
Signed
2015-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Chaffin
Voting Board Members
15
Independent Board Members
15
Employees
3

Preparer

Firm
Cooley Hehl Wohlgamuth & Carlton Pllc
Address
1 SOUTH MONROE, MONROE, MI 48161
Preparer
Deborah a Sabo
Phone
7342417200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“UNREALIZED LOSS -235”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“UNREALIZED LOSS 235”

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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0268359
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0293969
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER 2,148 PROGRAM REVENUE 774
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0271734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0239334
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0198928
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0239634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0219034
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01168664
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05912
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04956
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05180
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05180
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05446
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt026674
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt032000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02124
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0798
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02922
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97530
IRS990ScheduleA/PublicSupportPY170Pct00.96970
IRS990ScheduleA/PublicSupportTotal170Amt01168664
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0271734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0239334
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0198928
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0239634
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0219034
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01168664
IRS990ScheduleA/TotalSupportAmt01198260
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/DonatedServicesAndUseFcltsAmt015428
IRS990ScheduleD/DonatedServicesUseFcltsAmt015428
IRS990ScheduleD/ExpensesNotReportedAmt015663
IRS990ScheduleD/ExpensesSubtotalAmt0189921
IRS990ScheduleD/OtherExpensesIncludedAmt0235
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012070
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012070
IRS990ScheduleD/RevenueNotReportedAmt015428
IRS990ScheduleD/RevenueSubtotalAmt0309646
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNREALIZED LOSS 235
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalExpensesPerForm990Amt0189921
IRS990ScheduleD/TotalRevenuePerForm990Amt0309646
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0325074
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0205584
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS AVAILABLE AT THE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNREALIZED LOSS -235
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt030000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0423631
IRS990/TotalAssetsEOYAmt0542177
IRS990/TotalAssetsGrp/BOYAmt0423631
IRS990/TotalAssetsGrp/EOYAmt0542177
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0271734
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189921
IRS990/TotalFunctionalExpensesGrp/TotalAmt0189921
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01195
IRS990/TotalLiabilitiesEOYAmt0251
IRS990/TotalLiabilitiesGrp/BOYAmt01195
IRS990/TotalLiabilitiesGrp/EOYAmt0251
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0422436
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0541926
IRS990/TotalProgramServiceExpensesAmt0189921
IRS990/TotalReportableCompFromOrgAmt079170
IRS990/TotalRevenueGrp/ExclusionAmt05912
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0309646
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0423631
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0542177
IRS990/TravelGrp/ProgramServicesAmt05006
IRS990/TravelGrp/TotalAmt05006
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0422436
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0511926
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0102 E FRONT ST
IRS990/USAddress/CityNm0MONROE
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048161
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0MONROECOUNTYBDC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUG CHAFFIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07342418081
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONROE COUNTY BUSINESS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MONR
ReturnHeader/Filer/EIN0382415486
ReturnHeader/Filer/PhoneNum07342418081
ReturnHeader/Filer/USAddress/AddressLine1Txt0102 E FRONT ST
ReturnHeader/Filer/USAddress/CityNm0MONROE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048161
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381335762
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COOLEY HEHL WOHLGAMUTH & CARLTON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 SOUTH MONROE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONROE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048161

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$542,177
Liabilities
$251
Net assets
$541,926
Revenue
$309,646
Expenses
$189,921
Net income
$119,725
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$1.59$1.59
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.04$1.59$1.11$0.83$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.26$0.07$1.19$0.51$0.42$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.07$1.27$0.44$0.38$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.21$0.06$1.16$0.44$0.43$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.17$0.03$1.14$0.31$0.32$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.09$0.01$1.07$0.53$0.24$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.31$0.25$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.46$0.38$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.32$0.22$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.31$0.19$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.29$0.27$0.03
2012Summary only. Only limited summary data is available for this year.$0.40$0.00$0.39$0.21$0.20$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$0.26