Civic Intelligence

Lee'S Summit Economic Development Council

990 • Fiscal year 2019 • EIN 43-1386718

Jul 01, 2018 to Jun 30, 2019 • Filed on May 12, 2020

Organization ProfileWWW.LEESSUMMIT.ORG

View Organization Page

218 SE Main StreetLees Summit, MO 64063

(816) 525-6617

Siviq Scores

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

Liabilities / Assets

74th percentile

0.24x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.20x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

51st percentile

6.8%

Higher net margin than 51% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$177,878

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Asset Growth

68th percentile

9.0%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

3.2%

Faster revenue growth than 52% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$518,005

Up $42,818 (+9.0%) from 2018

Net Assets

Up

$395,072

Up $43,251 (+12%) from 2018

Liabilities

Down

$122,933

Down $433 (-0.4%) from 2018

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin51st percentile

Revenue

Up

$616,316

Up $19,173 (+3.2%) from 2018

Expenses

Down

$574,237

Down $24,768 (-4.1%) from 2018

Net Income

Up

$42,079

Up $43,941 (+2360%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$1.0M$500K$0Assets 2011: $830,333Liabilities 2011: $366,258Net Assets 2011: $464,0752011Assets 2012: $851,160Liabilities 2012: $374,370Net Assets 2012: $476,7902012Assets 2013: $827,215Liabilities 2013: $449,247Net Assets 2013: $377,9682013Assets 2014: $774,957Liabilities 2014: $409,870Net Assets 2014: $365,0872014Assets 2015: $593,069Liabilities 2015: $153,013Net Assets 2015: $440,0562015Assets 2016: $466,646Liabilities 2016: $22,408Net Assets 2016: $444,2382016Assets 2017: $479,923Liabilities 2017: $22,008Net Assets 2017: $457,9152017Assets 2018: $475,187Liabilities 2018: $123,366Net Assets 2018: $351,8212018Assets 2019: $518,005Liabilities 2019: $122,933Net Assets 2019: $395,0722019Assets 2020: $593,686Liabilities 2020: $125,310Net Assets 2020: $468,3762020Assets 2021: $648,031Liabilities 2021: $125,778Net Assets 2021: $522,2532021Assets 2022: $574,098Liabilities 2022: $114,372Net Assets 2022: $459,7262022Assets 2023: $391,548Liabilities 2023: $73,496Net Assets 2023: $318,0522023Assets 2024: $213,803Liabilities 2024: $2,158Net Assets 2024: $211,6452024

Highlighted filing

2019

Assets$518,005
Liabilities$122,933
Net Assets$395,072
Open 2019 Filing

Operations Trend

Revenue Growth52nd percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $561,6982011Expenses 2012: $535,6462012Expenses 2013: $651,4852013Revenue 2014: $581,777Expenses 2014: $612,933Net Income 2014: -$31,1562014Revenue 2015: $515,526Expenses 2015: $408,005Net Income 2015: $107,5212015Revenue 2016: $504,533Expenses 2016: $484,983Net Income 2016: $19,5502016Revenue 2017: $536,427Expenses 2017: $524,515Net Income 2017: $11,9122017Revenue 2018: $597,143Expenses 2018: $599,005Net Income 2018: -$1,8622018Revenue 2019: $616,316Expenses 2019: $574,237Net Income 2019: $42,0792019Revenue 2020: $641,305Expenses 2020: $566,895Net Income 2020: $74,4102020Revenue 2021: $600,128Expenses 2021: $545,037Net Income 2021: $55,0912021Revenue 2022: $523,598Expenses 2022: $584,871Net Income 2022: -$61,2732022Revenue 2023: $305,733Expenses 2023: $446,197Net Income 2023: -$140,4642023Revenue 2024: $96,945Expenses 2024: $202,496Net Income 2024: -$105,5512024

Highlighted filing

2019

Revenue$616,316
Expenses$574,237
Net Income$42,079
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.2
Gross Receipts
$616,316
Mission and Program Overview

Mission

To promote and enhance the city of lee's summit as a model community for economic innovation and growth fueled by a pro-business environment, diverse economic base and a commitment to strong relationships and work ethic.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$21,552$355,913▲ $334,361
Cash and Non-Interest-Bearing Accounts$414,286$126,086▼ $288,200
Land, Buildings, and Equipment, Net$35,024$34,282▼ $742
Accounts Receivable$4,325--
Total Assets$475,187$518,005▲ $42,818
Other Assets Total-$1,724-
Liabilities
Deferred Revenue$105,000$105,000→ $0
Accounts Payable and Accrued Expenses$18,366$17,933▼ $433
Total Liabilities$123,366$122,933▼ $433
Net Assets / Fund Balance
Unrestricted Net Assets$351,821$395,072▲ $43,251
Total Net Assets Fund Balance$351,821$395,072▲ $43,251
Total Liabilities and Net Assets / Fund Balance$475,187$518,005▲ $42,818

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,282$78,290$112,572
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rick McdowellPresident/ceFT$134,841$43,037$177,878
Rick McdowellPresident/CEO-$134,141$43,737$177,878

Board Members and Trustees

NameTitle
Machelle RiffeChair
Keith AselPast Chairma
Chip MoxleyVice Chair
Clint HaynesDirector
Julia HamptonDirector
Linda HarrelsonDirector
Loren WilliamsonDirector
Mike LallyDirector
Todd HaynesDirector
Will CoatesDirector
Steve ArboCity Manager
Bill BairdMayor
Dr Dennis CarpenterR7 Superinte
Tim PaulsonSecretary
Larry HillierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$613,010
Program Service Revenue
$0
Investment Income
$3,306
Other Revenue
$0
All Other Contributions
$11,200
Change in Net Assets
$42,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$616,316
Total Revenue per Audited Statements
$616,316
Total Revenue per Form 990
$616,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$363,773
Other Expenses$208,464
Total Fundraising Expense$17,814
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$186,682--$186,682
Other Salaries and Wages$113,987$19,276$6,486$139,749
All Other Expenses$55,593$4,918$7,150$67,661
Payroll Taxes$16,779$2,837$955$20,571
Occupancy$15,787$2,508$802$19,097
Fees for Services Accounting$14,723$2,344$782$17,849
Other Employee Benefits$10,646$1,800$606$13,052
Fees for Services Other$9,816$1,563$522$11,901
Other Expenses$8,590--$8,590
Office Expenses$4,296$672$153$5,121
Travel$3,493$556$185$4,234
Pension Plan Contributions$3,033$513$173$3,719
Depreciation Depletion$3,315$385-$3,700
Insurance$2,920$441-$3,361
Grants to Domestic Orgs$2,000--$2,000
Total Functional Expenses$518,610$37,813$17,814$574,237

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$574,237
Expenses per Audited Statements$573,065
Total Expenses per Audited Statements$573,065
Expenses Not Reported on Financial Statements$1,172
Other Expense Adjustments$1,172
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Board members are elected by the general membership.”

Form 990, Page 6, Part VI, Line 7B

“The general membership approves nominations for officers and board of director vacancies for the fiscal year.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the tax return is provided electronically to the governing body.”

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

“Board members report any conflicts of interest every year.”

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

“The executive committee reviews the ceo's compensation annually and prepares a written contract.”

Form 990, Page 6, Part VI, Line 19

“The organization provides copies of its governing documents, conflict of interest policy, and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
LEE'S SUMMIT ECONOMIC
EIN
43-1386718
Phone
8165256617
Address
218 SE MAIN STREET, LEES SUMMIT, MO 64063

Signing Officer

Name
Rick Mcdowell
Title
President/CEO
Phone
8165256617
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Mcdowell
Formed
1985
Legal Domicile
Mo
Voting Board Members
15
Independent Board Members
15
Employees
4

Preparer

Firm
Spilker Mckeone & Nelson Pc
Address
408 SE 3RD ST, LEES SUMMIT, MO 64063-2823
Preparer
Michele R Spilker CPA
Phone
8168751189
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote and enhance the city of lee's summit as a model community for economic innovation and growth fueled by a pro-business environment, diverse economic base and a commitment to strong relationships and work ethic.”

Form 990, Part IX, Line 24E

“Dues & subscriptions 0 772 6,316 membership dues 6,320 0 0 telephone 4,975 792 264 board/investor meetings 5,659 0 0 bank charges 2,924 2,374 243 existing business expense 4,500 0 0 website/e news 4,500 0 0 equipment rental 3,415 543 181 event marketing 4,000 0 0 economic impact studies 3,250 0 0 staff dev/training 2,439 388 129 marketing alliance 2,472 0 0 speaker series 2,335 0 0 public relations/image 2,090 0 0 meals/meetings 1,829 0 0 materials/annual report 1,201 0 0 auto allowance 1,150 0 0 professional development 1,139 0 0 product improvement misc 966 0 0 repairs & maintenance 235 38 13 marketing materials 125 0 0 licenses 69 11 4 total 55,593 4,918 7,150”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 1,172”

Form 990, Page 12, Part XII, Line 2C

“The organization is audited every three years and reviewed the other two years.”

Financial Statement Notes

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

“Book / tax depreciation difference 1,172”

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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/GrossReceiptsAmt0616316
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0441
IRS990/InsuranceGrp/ProgramServicesAmt02920
IRS990/InsuranceGrp/TotalAmt03361
IRS990/InvestmentIncomeGrp/ExclusionAmt03306
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03306
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt078290
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035024
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034282
IRS990/LandBldgEquipCostOrOtherBssAmt0112572
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0296810
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE AND ENHANCE THE CITY OF LEE'S SUMMIT AS A MODEL COMMUNITY FOR ECONOMIC INNOVATION AND GROWTH FUELED BY A PRO-BUSINESS ENVIRONMENT, DIVERSE ECONOMIC BASE AND A COMMITMENT TO STRONG RELATIONSHIPS AND WORK ETHIC.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0351821
IRS990/NetAssetsOrFundBalancesEOYAmt0395072
IRS990/NoncashContributionsAmt011200
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0802
IRS990/OccupancyGrp/ManagementAndGeneralAmt02508
IRS990/OccupancyGrp/ProgramServicesAmt015787
IRS990/OccupancyGrp/TotalAmt019097
IRS990/OfficeExpensesGrp/FundraisingAmt0153
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0672
IRS990/OfficeExpensesGrp/ProgramServicesAmt04296
IRS990/OfficeExpensesGrp/TotalAmt05121
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt01724
IRS990/OtherChangesInNetAssetsAmt01172
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0606
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01800
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010646
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013052
IRS990/OtherExpensesGrp/Desc0LOCAL ADS/BRANDING
IRS990/OtherExpensesGrp/Desc1CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc2KCADC DUES
IRS990/OtherExpensesGrp/Desc3INVESTOR RELATIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt038850
IRS990/OtherExpensesGrp/ProgramServicesAmt118100
IRS990/OtherExpensesGrp/ProgramServicesAmt210000
IRS990/OtherExpensesGrp/ProgramServicesAmt38590
IRS990/OtherExpensesGrp/TotalAmt038850
IRS990/OtherExpensesGrp/TotalAmt118100
IRS990/OtherExpensesGrp/TotalAmt210000
IRS990/OtherExpensesGrp/TotalAmt38590
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06486
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019276
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113987
IRS990/OtherSalariesAndWagesGrp/TotalAmt0139749
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0955
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02837
IRS990/PayrollTaxesGrp/ProgramServicesAmt016779
IRS990/PayrollTaxesGrp/TotalAmt020571
IRS990/PensionPlanContributionsGrp/FundraisingAmt0173
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0513
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03033
IRS990/PensionPlanContributionsGrp/TotalAmt03719
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICK MCDOWELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY PRODUCT DEVELOPMENT - AS A TRUSTED, NEUTRAL ADVISOR, PROMOTE A PRO-BUSINESS ENVIRONMENT AND CIVIC DIALOGUE BY COLLABORATING WITH PUBLIC AND PRIVATE SECTOR STAKEHOLDERS TO IMPROVE THE QUALITY OF LIFE IN LEE'S SUMMIT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0140497
IRS990/ProgSrvcAccomActy2Grp/GrantAmt02000
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY IMAGE ENHANCEMENT - PUBLICIZE AND MERCHANDISE LEE'S SUMMIT TO KEEP THE COMMUNITY AT THE TOP OF OPINION AND DECISION MAKERS' MINDS. TARGET INDUSTRY ATTRACTION - WORK WITH INVESTORS, COMMUNITY PARTNERS AND ALLIES TO ATTRACT INVESTMENT AND HIGHER PAYING JOBS THAT CONTRIBUTE TO THE TAX BASE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0113793
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0593739
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03404
IRS990/PYOtherExpensesAmt0223790
IRS990/PYRevenuesLessExpensesAmt0-1862
IRS990/PYSalariesCompEmpBnftPaidAmt0375215
IRS990/PYTotalExpensesAmt0599005
IRS990/PYTotalRevenueAmt0597143
IRS990/ReconcilationRevenueExpnssAmt042079
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021552
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0355913
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt034282
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078290
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0112572
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01172
IRS990ScheduleD/ExpensesSubtotalAmt0573065
IRS990ScheduleD/OtherExpensesNotIncludedAmt01172
IRS990ScheduleD/RevenueSubtotalAmt0616316
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 1,172
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034282
IRS990ScheduleD/TotalExpensesPerForm990Amt0574237
IRS990ScheduleD/TotalRevenuePerForm990Amt0616316
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0616316
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0573065
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0134141
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06075
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt036962
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICK MCDOWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0177878
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE AND ENHANCE THE CITY OF LEE'S SUMMIT AS A MODEL COMMUNITY FOR ECONOMIC INNOVATION AND GROWTH FUELED BY A PRO-BUSINESS ENVIRONMENT, DIVERSE ECONOMIC BASE AND A COMMITMENT TO STRONG RELATIONSHIPS AND WORK ETHIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED BY THE GENERAL MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GENERAL MEMBERSHIP APPROVES NOMINATIONS FOR OFFICERS AND BOARD OF DIRECTOR VACANCIES FOR THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE TAX RETURN IS PROVIDED ELECTRONICALLY TO THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS REPORT ANY CONFLICTS OF INTEREST EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S COMPENSATION ANNUALLY AND PREPARES A WRITTEN CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DUES & SUBSCRIPTIONS 0 772 6,316 MEMBERSHIP DUES 6,320 0 0 TELEPHONE 4,975 792 264 BOARD/INVESTOR MEETINGS 5,659 0 0 BANK CHARGES 2,924 2,374 243 EXISTING BUSINESS EXPENSE 4,500 0 0 WEBSITE/E NEWS 4,500 0 0 EQUIPMENT RENTAL 3,415 543 181 EVENT MARKETING 4,000 0 0 ECONOMIC IMPACT STUDIES 3,250 0 0 STAFF DEV/TRAINING 2,439 388 129 MARKETING ALLIANCE 2,472 0 0 SPEAKER SERIES 2,335 0 0 PUBLIC RELATIONS/IMAGE 2,090 0 0 MEALS/MEETINGS 1,829 0 0 MATERIALS/ANNUAL REPORT 1,201 0 0 AUTO ALLOWANCE 1,150 0 0 PROFESSIONAL DEVELOPMENT 1,139 0 0 PRODUCT IMPROVEMENT MISC 966 0 0 REPAIRS & MAINTENANCE 235 38 13 MARKETING MATERIALS 125 0 0 LICENSES 69 11 4 TOTAL 55,593 4,918 7,150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BOOK / TAX DEPRECIATION DIFFERENCE 1,172
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION IS AUDITED EVERY THREE YEARS AND REVIEWED THE OTHER TWO YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0475187
IRS990/TotalAssetsEOYAmt0518005
IRS990/TotalAssetsGrp/BOYAmt0475187
IRS990/TotalAssetsGrp/EOYAmt0518005
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0613010
IRS990/TotalEmployeeCnt04

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$518,005
Liabilities
$122,933
Net assets
$395,072
Revenue
$616,316
Expenses
$574,237
Net income
$42,079
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.14$0.02$2.12$0.97$2.02$1.06
2023Detailed filing. Detailed filing data is available for this year.$3.92$0.73$3.18$3.06$4.46$1.40
2022Detailed filing. Detailed filing data is available for this year.$5.74$1.14$4.60$5.24$5.85$0.61
2021Detailed filing. Detailed filing data is available for this year.$6.48$1.26$5.22$6.00$5.45$0.55
2020Detailed filing. Detailed filing data is available for this year.$5.94$1.25$4.68$6.41$5.67$0.74
2019Detailed filing. Detailed filing data is available for this year.$5.18$1.23$3.95$6.16$5.74$0.42
2018Detailed filing. Detailed filing data is available for this year.$4.75$1.23$3.52$5.97$5.99$0.02
2017Detailed filing. Detailed filing data is available for this year.$4.80$0.22$4.58$5.36$5.25$0.12
2016Detailed filing. Detailed filing data is available for this year.$4.67$0.22$4.44$5.05$4.85$0.20
2015Detailed filing. Detailed filing data is available for this year.$5.93$1.53$4.40$5.16$4.08$1.08
2014Detailed filing. Detailed filing data is available for this year.$7.75$4.10$3.65$5.82$6.13$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.27$4.49$3.78$6.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$3.74$4.77$5.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.30$3.66$4.64$5.62