Civic Intelligence

Fulton Area Development Corporation

990 • Fiscal year 2017 • EIN 43-1570271

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 28, 2018

Organization ProfileWWW.FADC.ORG
510 Market StreetFulton, MO 65251

(573) 642-4841

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.68x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

3.39x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

12th percentile

-31%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

97th percentile

$82,401

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 86.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

42nd percentile

-1.2%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

44%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$478,353

Down $5,734 (-1.2%) from 2016

Net Assets

Down

$154,001

Down $29,643 (-16%) from 2016

Liabilities

Up

$324,352

Up $23,909 (+8.0%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin12th percentile

Revenue

Up

$95,648

Up $29,312 (+44%) from 2016

Expenses

Up

$125,291

Up $72,420 (+137%) from 2016

Net Income

Down

-$29,643

Down $43,108 (-320%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$800K$600K$400K$200K$0Assets 2010: $129,880Liabilities 2010: $3,726Net Assets 2010: $126,1542010Assets 2011: $118,665Liabilities 2011: $5,727Net Assets 2011: $112,9382011Assets 2012: $99,700Liabilities 2012: $2,558Net Assets 2012: $97,1422012Assets 2013: $100,455Liabilities 2013: $1,040Net Assets 2013: $99,4152013Assets 2014: $151,820Liabilities 2014: $3,090Net Assets 2014: $148,7302014Assets 2015: $374,652Liabilities 2015: $204,473Net Assets 2015: $170,1792015Assets 2016: $484,087Liabilities 2016: $300,443Net Assets 2016: $183,6442016Assets 2017: $478,353Liabilities 2017: $324,352Net Assets 2017: $154,0012017Assets 2018: $662,393Liabilities 2018: $513,195Net Assets 2018: $149,1982018Assets 2019: $636,800Liabilities 2019: $496,366Net Assets 2019: $140,4342019Assets 2020: $663,636Liabilities 2020: $480,683Net Assets 2020: $182,9532020Assets 2021: $655,226Liabilities 2021: $462,580Net Assets 2021: $192,6462021Assets 2022: $672,268Liabilities 2022: $445,222Net Assets 2022: $227,0462022Assets 2023: $634,588Liabilities 2023: $427,507Net Assets 2023: $207,0812023Assets 2024: $595,817Liabilities 2024: $409,122Net Assets 2024: $186,6952024

Highlighted filing

2017

Assets$478,353
Liabilities$324,352
Net Assets$154,001
Open 2017 Filing

Operations Trend

Revenue Growth84th percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $113,8382010Revenue 2011: $107,696Expenses 2011: $120,912Net Income 2011: -$13,2162011Expenses 2012: $120,1492012Revenue 2013: $120,312Expenses 2013: $118,039Net Income 2013: $2,2732013Revenue 2014: $277,711Expenses 2014: $228,396Net Income 2014: $49,3152014Revenue 2015: $315,856Expenses 2015: $294,407Net Income 2015: $21,4492015Revenue 2016: $66,336Expenses 2016: $52,871Net Income 2016: $13,4652016Revenue 2017: $95,648Expenses 2017: $125,291Net Income 2017: -$29,6432017Revenue 2018: $51,198Expenses 2018: $56,001Net Income 2018: -$4,8032018Revenue 2019: $61,574Expenses 2019: $70,338Net Income 2019: -$8,7642019Revenue 2020: $110,126Expenses 2020: $67,607Net Income 2020: $42,5192020Revenue 2021: $71,382Expenses 2021: $61,689Net Income 2021: $9,6932021Revenue 2022: $167,160Expenses 2022: $132,760Net Income 2022: $34,4002022Revenue 2023: $134,197Expenses 2023: $154,162Net Income 2023: -$19,9652023Revenue 2024: $149,825Expenses 2024: $170,211Net Income 2024: -$20,3862024

Highlighted filing

2017

Revenue$95,648
Expenses$125,291
Net Income-$29,643
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 28, 2018
Return Version
2017v2.3
Gross Receipts
$95,648
Mission and Program Overview

Mission

Promote economic development in callaway county

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$295,273$307,766▲ $12,493
Land, Buildings, and Equipment, Net$82,479$73,024▼ $9,455
Savings and Temporary Cash Investments$87,846$66,109▼ $21,737
Total Assets$484,087$478,353▼ $5,734
Other Assets Total$18,489$31,454▲ $12,965
Liabilities
Mortgage Notes Payable Secured by Investment Property$298,231$320,624▲ $22,393
Accounts Payable and Accrued Expenses$2,212$3,728▲ $1,516
Total Liabilities$300,443$324,352▲ $23,909
Net Assets / Fund Balance
Unrestricted Net Assets$183,644$154,001▼ $29,643
Total Net Assets Fund Balance$183,644$154,001▼ $29,643
Total Liabilities and Net Assets / Fund Balance$484,087$478,353▼ $5,734

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$58,269$10,911$69,180
Equipment$14,755$20,389$35,144
Other Assets Org$114--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Tamara TateosianBoard MemberPT$82,401$82,401
Bruce HackmanBoard MemberPT$66,911$66,911

Board Members and Trustees

NameTitle
Marty Martin - FormanChairman
Kim BarnesVice Chairma
Rod LattyBoard Member
Mike WesterfieldSecretary
Beth SnyderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$80,641
Program Service Revenue
$13,175
Investment Income
$1,832
Other Revenue
$0
All Other Contributions
$74,641
Change in Net Assets
$-29,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,781
Other Expenses$20,510
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$104,781--$104,781
Depreciation Depletion$9,455--$9,455
Other Expenses$105--$105
Total Functional Expenses$125,291$0$0$125,291
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Callaway Chamber of CommerceFulton, MO501c6Rental,contributions$104,781
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Depository InstitutionsBank1 Board MemberNo$47,922
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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

“The 990 tax return is available to all members of the board to look at before it is filed.”

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

“All compensation is approved by the board of directors”

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

“All compensation is approved by the board of directors”

Form 990, Page 6, Part VI, Line 19

“All governing documents are made available upon request to board of directors or executive director”

Filing and Contact Details

Filer

Filer Name
Fulton Area Development Foundation
EIN
43-1570271
Phone
5736424841
Address
510 MARKET STREET, FULTON, MO 65251

Signing Officer

Name
Marty Martin - Forman
Title
Chairman
Phone
5736424841
Signed
2018-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marty Martin - Forman
Formed
1990
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
David J Shively CPA
Address
607 COURT STREET, FULTON, MO 65251-1924
Preparer
David J Shively
Phone
5736426803
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“All board members volunteer their time”

Form 990, Page 2, Part III, Line 4D

“Fadc engages in the civic activity of promoting economic development in the fulton, mo and surrounding areas.”

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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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1IS OFFICER OF BANK
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS VOLUNTEER THEIR TIME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FADC ENGAGES IN THE CIVIC ACTIVITY OF PROMOTING ECONOMIC DEVELOPMENT IN THE FULTON, MO AND SURROUNDING AREAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 TAX RETURN IS AVAILABLE TO ALL MEMBERS OF THE BOARD TO LOOK AT BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST TO BOARD OF DIRECTORS OR EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MO
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd065251
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt091081
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt113700
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AMOUNT TRANSFERRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1IN SAME LOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2BRUCE & TAMARA
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3RENTAL INCOME COLLECTED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CALLAWAY CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CALLAWAY CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2CALLAWAY CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3CALLAWAY CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3R
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IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0484087
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IRS990/TotalContributionsAmt080641
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095648
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FADC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05736424841
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FULTON AREA DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FULT
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.10.213.147
ReturnHeader/FilingSecurityInformation/IPDt02018-11-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:48:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431174119
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID J SHIVELY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0607 COURT STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FULTON
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$478,353
Liabilities
$324,352
Net assets
$154,001
Revenue
$95,648
Expenses
$125,291
Net income
-$29,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.96$4.09$1.87$1.50$1.70$0.20
2023Detailed filing. Detailed filing data is available for this year.$6.35$4.28$2.07$1.34$1.54$0.20
2022Detailed filing. Detailed filing data is available for this year.$6.72$4.45$2.27$1.67$1.33$0.34
2021Detailed filing. Detailed filing data is available for this year.$6.55$4.63$1.93$0.71$0.62$0.10
2020Detailed filing. Detailed filing data is available for this year.$6.64$4.81$1.83$1.10$0.68$0.43
2019Detailed filing. Detailed filing data is available for this year.$6.37$4.96$1.40$0.62$0.70$0.09
2018Detailed filing. Detailed filing data is available for this year.$6.62$5.13$1.49$0.51$0.56$0.05
2017Detailed filing. Detailed filing data is available for this year.$4.78$3.24$1.54$0.96$1.25$0.30
2016Detailed filing. Detailed filing data is available for this year.$4.84$3.00$1.84$0.66$0.53$0.13
2015Detailed filing. Detailed filing data is available for this year.$3.75$2.04$1.70$3.16$2.94$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.52$0.03$1.49$2.78$2.28$0.49
2013Detailed filing. Detailed filing data is available for this year.$1.00$0.01$0.99$1.20$1.18$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.03$0.97$1.20
2011Summary only. Only limited summary data is available for this year.$1.19$0.06$1.13$1.08$1.21$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.04$1.26$1.14