Civic Intelligence

Fulton Area Development Foundation

990 • Fiscal year 2023 • EIN 43-1570271

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 15, 2024

510 Market StreetFulton, MO 65251

(573) 642-3055

Siviq Scores

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

Liabilities / Assets

90th percentile

0.67x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

3.19x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

20th percentile

-15%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

24th percentile

-5.6%

Faster asset growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-20%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$634,588

Down $37,680 (-5.6%) from 2022

Net Assets

Down

$207,081

Down $19,965 (-8.8%) from 2022

Liabilities

Down

$427,507

Down $17,715 (-4.0%) from 2022

Revenue

Down

$134,197

Down $32,963 (-20%) from 2022

Expenses

Up

$154,162

Up $21,402 (+16%) from 2022

Net Income

Down

-$19,965

Down $54,365 (-158%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$634,588
Liabilities$427,507
Net Assets$207,081

Operations Trend

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

2023

Revenue$134,197
Expenses$154,162
Net Income-$19,965
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 15, 2024
Return Version
2023v5.0
Gross Receipts
$134,197
Mission and Program Overview

Mission

Promote economic development in callaway county

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$393,532$370,362▼ $23,170
Savings and Temporary Cash Investments$150,903$139,323▼ $11,580
Land, Buildings, and Equipment, Net$35,108$30,505▼ $4,603
Accounts Receivable$4,462$714▼ $3,748
Total Assets$672,268$634,588▼ $37,680
Other Assets Total$88,263$93,684▲ $5,421
Liabilities
Mortgage Notes Payable Secured by Investment Property$440,037$422,666▼ $17,371
Accounts Payable and Accrued Expenses$4,535$4,191▼ $344
Other Liabilities$650$650→ $0
Total Liabilities$445,222$427,507▼ $17,715
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$227,046$207,081▼ $19,965
Total Net Assets Fund Balance$227,046$207,081▼ $19,965
Total Liabilities and Net Assets / Fund Balance$672,268$634,588▼ $37,680

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$30,480$40,899$71,379
Equipment$25$35,119$35,144
Other Assets Org$93,684--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kim BarnesPresident
Janea DanuserBoard Member
Lori TwillmanBoard Member
Elizabeth SnyderSecretary/tr
Steve GibsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$116,471
Program Service Revenue
$8,550
Investment Income
$9,176
Other Revenue
$0
All Other Contributions
$24,000
Change in Net Assets
$-19,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$124,371
Other Expenses$29,791
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$124,371--$124,371
Fees for Services Accounting$8,906--$8,906
Depreciation Depletion$4,603--$4,603
Interest$4,263--$4,263
Insurance$1,767--$1,767
Other Expenses$1,000--$1,000
All Other Expenses$976--$976
Total Functional Expenses$154,162$0$0$154,162
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Callaway Chamber of CommerceFulton, MO501c6Rental,contributions$124,371
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$187,092
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent Form Tenants$650
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
5736423055
Address
510 MARKET STREET, FULTON, MO 65251

Signing Officer

Name
Kim Barnes
Title
President
Phone
5736423055
Signed
2024-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Barnes
Formed
1990
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
Shively Books & Associates Cpas LLC
Address
601 COURT ST, FULTON, MO 65251
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

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

Form 990, Page 12, Part XII, Line 3B

The audit is completed after the tax return is completed

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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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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0510 MARKET STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FULTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd065251
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DEPOSITORY INSTITUTIONS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0187092
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc01 BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1IS OFFICER OF BANK
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS VOLUNTEER THEIR TIME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FADF 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/ExplanationTxt6THE AUDIT IS COMPLETED AFTER THE TAX RETURN IS COMPLETED
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 3B
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CALLAWAY CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0430769163
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0NON-PROFIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0510 MARKET STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FULTON
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/InvolvedAmt0124371
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1280167
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0IN SAME LOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1AMOUNT TRANSFERRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ALL EMPLOYEES SHARED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CALLAWAY CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CALLAWAY CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2CALLAWAY CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2O
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0672268
IRS990/TotalAssetsEOYAmt0634588
IRS990/TotalAssetsGrp/BOYAmt0672268
IRS990/TotalAssetsGrp/EOYAmt0634588
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0116471
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0154162
IRS990/TotalFunctionalExpensesGrp/TotalAmt0154162
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0445222
IRS990/TotalLiabilitiesEOYAmt0427507
IRS990/TotalLiabilitiesGrp/BOYAmt0445222
IRS990/TotalLiabilitiesGrp/EOYAmt0427507
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0227046
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0207081
IRS990/TotalProgramServiceExpensesAmt0154162
IRS990/TotalProgramServiceRevenueAmt08550
IRS990/TotalRevenueGrp/ExclusionAmt09176
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08550
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0134197
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0672268
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0634588
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM BARNES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05736423055
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FULTON AREA DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FULT
ReturnHeader/Filer/EIN0431570271
ReturnHeader/Filer/PhoneNum05736423055
ReturnHeader/Filer/USAddress/AddressLine1Txt0510 MARKET STREET
ReturnHeader/Filer/USAddress/CityNm0FULTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd065251
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873907767
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHIVELY BOOKS & ASSOCIATES CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0601 COURT ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FULTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd065251
ReturnHeader/PreparerPersonGrp/PhoneNum05736426803

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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