Civic Intelligence

Platte County Economic Development Council Incorporated

990 • Fiscal year 2019 • EIN 43-1484127

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

11724 NW Plaza Circle Rmste 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

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

54th percentile

5.1%

Higher net margin than 54% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

95th percentile

$66,634

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 19.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

22nd percentile

-18%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

-1.5%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$124,492

Down $26,412 (-18%) from 2018

Net Assets

Up

$120,126

Up $17,281 (+17%) from 2018

Liabilities

Down

$4,366

Down $43,693 (-91%) from 2018

Revenue

Down

$340,819

Down $5,094 (-1.5%) from 2018

Expenses

Down

$323,538

Down $44,887 (-12%) from 2018

Net Income

Up

$17,281

Up $39,793 (+177%) from 2018

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

2019

Assets$124,492
Liabilities$4,366
Net Assets$120,126

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

2019

Revenue$340,819
Expenses$323,538
Net Income$17,281
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$340,819
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
Savings and Temporary Cash Investments$75,375$77,108▲ $1,733
Cash and Non-Interest-Bearing Accounts$75,444$47,361▼ $28,083
Land, Buildings, and Equipment, Net$85$23▼ $62
Total Assets$150,904$124,492▼ $26,412
Liabilities
Deferred Revenue$40,050$0▼ $40,050
Accounts Payable and Accrued Expenses$8,009$4,366▼ $3,643
Total Liabilities$48,059$4,366▼ $43,693
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$102,845$120,126▲ $17,281
Total Net Assets Fund Balance$102,845$120,126▲ $17,281
Total Liabilities and Net Assets / Fund Balance$150,904$124,492▼ $26,412

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23$20,509$20,532
Other Land Buildings$0$3,997$3,997
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alicia StephensExecutive DirectorFT$66,634$66,634
Matthew TappExecutive DirectorFT$22,392$22,392

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
$276,975
Program Service Revenue
$63,759
Investment Income
$85
Other Revenue
$0
All Other Contributions
$6,000
Change in Net Assets
$17,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$209,361
Other Expenses$114,177
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$89,026--$89,026
Other Salaries and Wages$82,529--$82,529
Advertising$25,641--$25,641
Other Employee Benefits$24,338--$24,338
All Other Expenses$9,002$5,274-$14,276
Payroll Taxes$13,468--$13,468
Fees for Services Legal$11,096--$11,096
Occupancy$6,000--$6,000
Other Expenses$20,948$5,551-$5,551
Office Expenses$1,649$3,349-$4,998
Fees for Services Other$4,319--$4,319
Depreciation Depletion$62--$62
Total Functional Expenses$288,078$35,460$0$323,538
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 35% controlled entity
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
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 RMSTE 400, KANSAS CITY, MO 64153

Signing Officer

Name
Aaron Schmidt
Title
Chair
Phone
8162702119
Signed
2020-11-16
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
5
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/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0340819
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt085
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt085
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt024506
IRS990/LandBldgEquipBasisNetGrp/BOYAmt085
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023
IRS990/LandBldgEquipCostOrOtherBssAmt024529
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0270975
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE AND ENHANCE ECONOMIC DEVELOPMENT IN PLATTE COUNTY, MISSOURI.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0102845
IRS990/NetAssetsOrFundBalancesEOYAmt0120126
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0102845
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0120126
IRS990/NoncashContributionsAmt06000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt06000
IRS990/OccupancyGrp/TotalAmt06000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03349
IRS990/OfficeExpensesGrp/ProgramServicesAmt01649
IRS990/OfficeExpensesGrp/TotalAmt04998
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024338
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024338
IRS990/OtherExpensesGrp/Desc0PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP
IRS990/OtherExpensesGrp/Desc2AUTOMOBILE
IRS990/OtherExpensesGrp/Desc3MEETING COST
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012030
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19256
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25551
IRS990/OtherExpensesGrp/ProgramServicesAmt020948
IRS990/OtherExpensesGrp/TotalAmt020948
IRS990/OtherExpensesGrp/TotalAmt112030
IRS990/OtherExpensesGrp/TotalAmt29256
IRS990/OtherExpensesGrp/TotalAmt35551
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt082529
IRS990/OtherSalariesAndWagesGrp/TotalAmt082529
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt013468
IRS990/PayrollTaxesGrp/TotalAmt013468
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0AARON SCHMIDT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt063759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt063759
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0264542
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0110
IRS990/PYOtherExpensesAmt0142781
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt081261
IRS990/PYRevenuesLessExpensesAmt0-22512
IRS990/PYSalariesCompEmpBnftPaidAmt0225644
IRS990/PYTotalExpensesAmt0368425
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0345913
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt017281
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt063759
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075375
IRS990/SavingsAndTempCashInvstGrp/EOYAmt077108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0276975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0264542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0247970
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0240625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0245250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01275362
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt085
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt099
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0476
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt01275362
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0276975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0264542
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0247970
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0240625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0245250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01275362
IRS990ScheduleA/TotalSupportAmt01275838
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt023
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020509
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020532
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03997
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03997
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023
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

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
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.04$1.20$3.41$3.24$0.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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