Civic Intelligence

Platte County Economic Development Council Incorporated

990 • Fiscal year 2018 • EIN 43-1484127

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 30, 2019

11724 NW Plaza Circle Rm/Ste 400Kansas City, MO 64153

(816) 270-2119

Siviq Scores

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

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

0.14x

Higher debt load relative to revenue than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

28th percentile

-6.5%

Higher net margin than 28% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

98th percentile

$95,485

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 27.6% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

40th percentile

-2.5%

Faster asset growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

8.9%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$150,904

Down $3,820 (-2.5%) from 2017

Net Assets

Down

$102,845

Down $22,514 (-18%) from 2017

Liabilities

Up

$48,059

Up $18,694 (+64%) from 2017

Revenue

Up

$345,913

Up $28,227 (+8.9%) from 2017

Expenses

Up

$368,425

Up $24,503 (+7.1%) from 2017

Net Income

Up

-$22,512

Up $3,724 (+14%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $17,152Liabilities 2010: $4,059Net Assets 2010: $13,0932010Assets 2011: $20,506Liabilities 2011: $2,378Net Assets 2011: $18,1282011Assets 2012: $47,898Liabilities 2012: $4,317Net Assets 2012: $43,5812012Assets 2013: $69,473Liabilities 2013: $17,483Net Assets 2013: $51,9902013Assets 2014: $196,090Liabilities 2014: $45,979Net Assets 2014: $150,1112014Assets 2015: $185,750Liabilities 2015: $26,047Net Assets 2015: $159,7032015Assets 2016: $176,125Liabilities 2016: $24,530Net Assets 2016: $151,5952016Assets 2017: $154,724Liabilities 2017: $29,365Net Assets 2017: $125,3592017Assets 2018: $150,904Liabilities 2018: $48,059Net Assets 2018: $102,8452018Assets 2019: $124,492Liabilities 2019: $4,366Net Assets 2019: $120,1262019Assets 2020: $341,236Liabilities 2020: $41,204Net Assets 2020: $300,0322020Assets 2021: $314,731Liabilities 2021: $50,950Net Assets 2021: $263,7812021Assets 2022: $261,898Liabilities 2022: $0Net Assets 2022: $261,8982022Assets 2023: $262,723Liabilities 2023: $684Net Assets 2023: $262,0392023

Highlighted filing

2018

Assets$150,904
Liabilities$48,059
Net Assets$102,845

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $460,5072010Revenue 2011: $369,820Expenses 2011: $364,785Net Income 2011: $5,0352011Revenue 2012: $347,928Expenses 2012: $322,476Net Income 2012: $25,4522012Revenue 2013: $327,188Expenses 2013: $318,779Net Income 2013: $8,4092013Revenue 2014: $387,709Expenses 2014: $289,588Net Income 2014: $98,1212014Revenue 2015: $316,533Expenses 2015: $306,941Net Income 2015: $9,5922015Revenue 2016: $341,731Expenses 2016: $349,839Net Income 2016: -$8,1082016Revenue 2017: $317,686Expenses 2017: $343,922Net Income 2017: -$26,2362017Revenue 2018: $345,913Expenses 2018: $368,425Net Income 2018: -$22,5122018Revenue 2019: $340,819Expenses 2019: $323,538Net Income 2019: $17,2812019Revenue 2020: $450,784Expenses 2020: $270,878Net Income 2020: $179,9062020Revenue 2021: $331,900Expenses 2021: $279,276Net Income 2021: $52,6242021Revenue 2022: $323,076Expenses 2022: $324,962Net Income 2022: -$1,8862022Revenue 2023: $330,651Expenses 2023: $330,510Net Income 2023: $1412023

Highlighted filing

2018

Revenue$345,913
Expenses$368,425
Net Income-$22,512
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 30, 2019
Return Version
2018v3.1
Gross Receipts
$345,913
Mission and Program Overview

Mission

To promote and enhance economic development in platte county, missouri.

To promote and enhance economic development in platte county, mo

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$79,263$75,444▼ $3,819
Savings and Temporary Cash Investments$75,269$75,375▲ $106
Land, Buildings, and Equipment, Net$192$85▼ $107
Total Assets$154,724$150,904▼ $3,820
Liabilities
Deferred Revenue$20,635$40,050▲ $19,415
Accounts Payable and Accrued Expenses$8,730$8,009▼ $721
Total Liabilities$29,365$48,059▲ $18,694
Net Assets / Fund Balance
Unrestricted Net Assets$125,359$102,845▼ $22,514
Total Net Assets Fund Balance$125,359$102,845▼ $22,514
Total Liabilities and Net Assets / Fund Balance$154,724$150,904▼ $3,820

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$85$20,447$20,532
Other Land Buildings$0$3,997$3,997
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alicia StephensExecutive DirectorFT$95,485$95,485

Board Members and Trustees

NameTitle
Aaron SchmidtChair
Patricia JensenPast Chair
Dale BroukVice Chair
Brent RobertsBoard Member
Corey HaysBoard Member
Darren HennenBoard Member
Doug DollBoard Member
Frank WeatherfordBoard Member
Graham AultBoard Member
Helmut DerraBoard Member
John ElliottBoard Member
John EngelmannBoard Member
Mark WardBoard Member
Matt WebsterBoard Member
Pat KleinBoard Member
Robert BarmannBoard Member
Rosemary SalernoBoard Member
Tim KelleyBoard Member
Wes MinderBoard Member
Mike DuffySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$264,542
Program Service Revenue
$81,261
Investment Income
$110
Other Revenue
$0
All Other Contributions
$6,000
Change in Net Assets
$-22,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$225,644
Other Expenses$142,781
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$95,485--$95,485
Other Salaries and Wages$90,951--$90,951
Other Employee Benefits$24,487--$24,487
Advertising$22,980--$22,980
All Other Expenses$7,177$12,392-$19,569
Payroll Taxes$14,721--$14,721
Fees for Services Legal$13,641--$13,641
Other Expenses$25,037$10,180-$10,180
Occupancy$6,000--$6,000
Office Expenses$1,517$2,819-$4,336
Fees for Services Other$1,000--$1,000
Depreciation Depletion$107--$107
Total Functional Expenses$329,834$38,591$0$368,425
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
Yes
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, Part VI, Section B, Line 11B

A procedure is not currently in place for the governing body to review the form 990. The financial statements are reviewed by the organization on a monthly basis, and the form 990 is prepared from these.

Form 990, Part VI, Section B, Line 12C

At each board meeting, the board members are reminded about confidentiality and their roles as board members. If taking a position on an issue, the board members are reminded of the mission statement and are provided the opportunity to abstain.

Form 990, Part VI, Section B, Line 15

Annual review of the executive director by the executive committee and compensation set at that time.two other employees are reviewed annually by the executive director and compensation set which is approved by the executive committee.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy,and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Platte County Economic Development
EIN
43-1484127
Phone
8162702119
Address
11724 NW PLAZA CIRCLE RM/STE 400, KANSAS CITY, MO 64153

Signing Officer

Name
Aaron Schmidt
Title
Chair
Phone
8162702119
Signed
2019-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Schmidt
Formed
1989
Legal Domicile
Mo
Voting Board Members
20
Independent Board Members
20
Employees
3
Volunteers
500

Preparer

Firm
Uhy Advisors Mo Inc
Address
1251 NW BRIARCLIFF PARKWAY SUITE, 100, KANSAS CITY, MO 64116
Preparer
Scott D Mcruer
Phone
8167417882
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IRS990/InvestmentIncomeGrp/ExclusionAmt0110
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0110
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt024444
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0192
IRS990/LandBldgEquipBasisNetGrp/EOYAmt085
IRS990/LandBldgEquipCostOrOtherBssAmt024529
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0258542
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE AND ENHANCE ECONOMIC DEVELOPMENT IN PLATTE COUNTY, MISSOURI.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0125359
IRS990/NetAssetsOrFundBalancesEOYAmt0102845
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt06000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt06000
IRS990/OccupancyGrp/TotalAmt06000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02819
IRS990/OfficeExpensesGrp/ProgramServicesAmt01517
IRS990/OfficeExpensesGrp/TotalAmt04336
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024487
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024487
IRS990/OtherExpensesGrp/Desc0RESEARCH
IRS990/OtherExpensesGrp/Desc1PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP
IRS990/OtherExpensesGrp/Desc3AUTOMOBILE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110180
IRS990/OtherExpensesGrp/ProgramServicesAmt026731
IRS990/OtherExpensesGrp/ProgramServicesAmt125037
IRS990/OtherExpensesGrp/TotalAmt026731
IRS990/OtherExpensesGrp/TotalAmt125037
IRS990/OtherExpensesGrp/TotalAmt213200
IRS990/OtherExpensesGrp/TotalAmt310180
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090951
IRS990/OtherSalariesAndWagesGrp/TotalAmt090951
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014721
IRS990/PayrollTaxesGrp/TotalAmt014721
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0AARON SCHMIDT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt081261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt081261
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0247970
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt099
IRS990/PYOtherExpensesAmt0130824
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt069617
IRS990/PYRevenuesLessExpensesAmt0-26236
IRS990/PYSalariesCompEmpBnftPaidAmt0213098
IRS990/PYTotalExpensesAmt0343922
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0317686
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-22512
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt081261
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075269
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0264542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0247970
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0240625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0245250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0256875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01255262
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt099
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0396
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportPY170Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt01255262
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0264542
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0247970
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0240625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0245250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0256875
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01255262
IRS990ScheduleA/TotalSupportAmt01255658
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt085
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020447
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020532
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03997
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03997
IRS990ScheduleD/TotalBookValueLandBuildingsAmt085
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A PROCEDURE IS NOT CURRENTLY IN PLACE FOR THE GOVERNING BODY TO REVIEW THE FORM 990. THE FINANCIAL STATEMENTS ARE REVIEWED BY THE ORGANIZATION ON A MONTHLY BASIS, AND THE FORM 990 IS PREPARED FROM THESE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD MEETING, THE BOARD MEMBERS ARE REMINDED ABOUT CONFIDENTIALITY AND THEIR ROLES AS BOARD MEMBERS. IF TAKING A POSITION ON AN ISSUE, THE BOARD MEMBERS ARE REMINDED OF THE MISSION STATEMENT AND ARE PROVIDED THE OPPORTUNITY TO ABSTAIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR BY THE EXECUTIVE COMMITTEE AND COMPENSATION SET AT THAT TIME.TWO OTHER EMPLOYEES ARE REVIEWED ANNUALLY BY THE EXECUTIVE DIRECTOR AND COMPENSATION SET WHICH IS APPROVED BY THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY,AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0154724
IRS990/TotalAssetsEOYAmt0150904
IRS990/TotalAssetsGrp/BOYAmt0154724
IRS990/TotalAssetsGrp/EOYAmt0150904
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0264542
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.63$0.01$2.62$3.31$3.31$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.00$2.62$3.23$3.25$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.15$0.51$2.64$3.32$2.79$0.53
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.41$3.00$4.51$2.71$1.80
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.04$1.20$3.41$3.24$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.51$0.48$1.03$3.46$3.68$0.23
2017Summary only. Only limited summary data is available for this year.$1.55$0.29$1.25$3.18$3.44$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.25$1.52$3.42$3.50$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.26$1.60$3.17$3.07$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.96$0.46$1.50$3.88$2.90$0.98
2013Detailed filing. Detailed filing data is available for this year.$0.69$0.17$0.52$3.27$3.19$0.08
2012Summary only. Only limited summary data is available for this year.$0.48$0.04$0.44$3.48$3.22$0.25
2011Summary only. Only limited summary data is available for this year.$0.21$0.02$0.18$3.70$3.65$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.04$0.13$4.61