Civic Intelligence

Franklin County Regional Economic D

990 • Fiscal year 2014 • EIN 43-2057859

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 09, 2015

Organization Profilewww.fredco.info
903 W Washington StBenton, IL 62812

(618) 435-4000

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.87x

Higher debt load relative to assets than 93% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

7.55x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

52nd percentile

3.8%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

84th percentile

$24,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 45.7% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

27th percentile

-12%

Faster asset growth than 27% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

32nd percentile

-9.9%

Faster revenue growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Flat

$456,076

Flat from 2014

Net Assets

Flat

$59,411

Flat from 2014

Liabilities

Flat

$396,665

Flat from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin52nd percentile

Revenue

Flat

$52,536

Flat from 2014

Expenses

Flat

$50,528

Flat from 2014

Net Income

Flat

$2,008

Flat from 2014

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$600K$400K$200K$0Assets 2011: $456,777Liabilities 2011: $401,2342011Assets 2012: $501,695Liabilities 2012: $447,421Net Assets 2012: $54,2742012Assets 2013: $516,211Liabilities 2013: $458,808Net Assets 2013: $57,4032013Assets 2014: $456,076Liabilities 2014: $396,665Net Assets 2014: $59,4112014Assets 2014: $456,076Liabilities 2014: $396,665Net Assets 2014: $59,4112014Assets 2015: $490,517Liabilities 2015: $418,219Net Assets 2015: $72,2982015Assets 2016: $465,291Liabilities 2016: $363,172Net Assets 2016: $102,1192016Assets 2017: $476,846Liabilities 2017: $393,885Net Assets 2017: $82,9612017Assets 2018: $461,787Liabilities 2018: $378,5282018Assets 2019: $399,684Liabilities 2019: $327,1422019Assets 2020: $384,736Liabilities 2020: $302,8982020

Highlighted filing

2014

Assets$456,076
Liabilities$396,665
Net Assets$59,411
Open 2014 Filing

Operations Trend

Revenue Growth32nd percentile

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

$100K$50K$0-$50KRevenue 2011: $57,098Expenses 2011: $49,697Net Income 2011: $7,4012011Expenses 2012: $55,5362012Revenue 2013: $58,282Expenses 2013: $55,153Net Income 2013: $3,1292013Revenue 2014: $52,536Expenses 2014: $50,528Net Income 2014: $2,0082014Revenue 2014: $52,536Expenses 2014: $50,528Net Income 2014: $2,0082014Revenue 2015: $62,251Expenses 2015: $49,363Net Income 2015: $12,8882015Revenue 2016: $79,203Expenses 2016: $49,382Net Income 2016: $29,8212016Revenue 2017: $42,046Expenses 2017: $61,204Net Income 2017: -$19,1582017Revenue 2018: $42,055Expenses 2018: $41,757Net Income 2018: $2982018Revenue 2019: $16,076Expenses 2019: $26,793Net Income 2019: -$10,7172019Revenue 2020: $24,779Expenses 2020: $15,483Net Income 2020: $9,2962020

Highlighted filing

2014

Revenue$52,536
Expenses$50,528
Net Income$2,008
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 9, 2015
Return Version
2014v5.0
Gross Receipts
$52,536
Mission and Program Overview

Mission

The Organization works with municipalities and businesses to locate or grow businesses in Franklin County, Illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$194,632$273,573▲ $78,941
Other Notes and Loans Receivable, Net$266,916$164,233▼ $102,683
Cash and Non-Interest-Bearing Accounts$54,663$18,270▼ $36,393
Total Assets$516,211$456,076▼ $60,135
Liabilities
Mortgage Notes Payable Secured by Investment Property$420,058$392,421▼ $27,637
Deferred Revenue$38,750$3,000▼ $35,750
Accounts Payable and Accrued Expenses-$1,244-
Total Liabilities$458,808$396,665▼ $62,143
Net Assets / Fund Balance
Permanently Rstr Net Assets$41,490$45,385▲ $3,895
Unrestricted Net Assets$15,913$14,026▼ $1,887
Total Net Assets Fund Balance$57,403$59,411▲ $2,008
Total Liabilities and Net Assets / Fund Balance$516,211$456,076▼ $60,135
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
William DillExecutive DirectorFT$24,000$24,000
Peter WitkewizInterim Executive DirectorPT$6,400$6,400

Board Members and Trustees

NameTitle
Allan PattonPresident
Steve MitchellVice President
Don GassAssistant Secretary
Roberta Tabor-KearneyAssistant Treasurer
Larry MillerSecretary
Brian DorrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,250
Program Service Revenue
$8,157
Investment Income
$1,113
Other Revenue
$2,016
Change in Net Assets
$2,008

Audited Revenue Reconciliation

Revenue per Audited Statements
$52,536
Total Revenue per Audited Statements
$52,536
Total Revenue per Form 990
$52,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$32,726
Other Expenses$17,802
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$21,280$9,120-$30,400
Advertising$4,626$200-$4,826
Interest$4,200--$4,200
Occupancy$2,051$880-$2,931
Office Expenses$2,035$871-$2,906
Payroll Taxes$1,628$698-$2,326
Fees for Services Accounting-$1,775-$1,775
Insurance$556$238-$794
Information Technology$300--$300
Fees for Services Legal-$45-$45
Other Expenses-$25-$25
Total Functional Expenses$36,676$13,852$0$50,528

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$50,528
Total Expenses per Audited Statements$50,528
Total Expenses per Form 990$50,528
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
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
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 governing body review Part VI line 11

“The entire board of directors reviews the 990 at a board meeting before the return is filed.”

Governing documents etc available to public Part VI line 19

“All governing documents are available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Franklin County Regional Economic D
EIN
43-2057859
Address
903 W Washington St, Benton, IL 62812
Doing Business As
Fredco

Signing Officer

Name
Allan Patton
Title
President
Phone
6184354000
Signed
2015-07-09
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Chris L Scroggins CPA
Address
121 N 13th St Ste 8, Herrin, IL 62948
Preparer
Chris L Scroggins CPA
Phone
6189881040
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IRS990/TotalAssetsBOYAmt0516211
IRS990/TotalAssetsEOYAmt0456076
IRS990/TotalAssetsGrp/BOYAmt0516211
IRS990/TotalAssetsGrp/EOYAmt0456076
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt041250
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013852
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036676
IRS990/TotalFunctionalExpensesGrp/TotalAmt050528
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0458808
IRS990/TotalLiabilitiesEOYAmt0396665
IRS990/TotalLiabilitiesGrp/BOYAmt0458808
IRS990/TotalLiabilitiesGrp/EOYAmt0396665
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt057403
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt059411
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt036676
IRS990/TotalProgramServiceRevenueAmt08157
IRS990/TotalReportableCompFromOrgAmt030400
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011286
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt052536
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0516211
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0456076
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt015913
IRS990/UnrestrictedNetAssetsGrp/EOYAmt014026
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0http://www.fredco.info
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Allan Patton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06184354000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Franklin County Regional Economic D
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0432057859
ReturnHeader/Filer/USAddress/AddressLine1Txt0903 W Washington St
ReturnHeader/Filer/USAddress/CityNm0Benton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062812
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271478530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Chris L Scroggins CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0121 N 13th St Ste 8
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Herrin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062948
ReturnHeader/PreparerPersonGrp/PhoneNum06189881040
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Chris L Scroggins CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-07-14T15:49:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$456,076
Liabilities
$396,665
Net assets
$59,411
Revenue
$52,536
Expenses
$50,528
Net income
$2,008
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Summary only. Only limited summary data is available for this year.$3.85$3.03$0.25$0.15$0.09
2019Summary only. Only limited summary data is available for this year.$4.00$3.27$0.16$0.27$0.11
2018Summary only. Only limited summary data is available for this year.$4.62$3.79$0.42$0.42$0.00
2017Summary only. Only limited summary data is available for this year.$4.77$3.94$0.83$0.42$0.61$0.19
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$3.63$1.02$0.79$0.49$0.30
2015Detailed filing. Detailed filing data is available for this year.$4.91$4.18$0.72$0.62$0.49$0.13
2014Detailed filing. Detailed filing data is available for this year.$4.56$3.97$0.59$0.53$0.51$0.02
2014Summary only. Only limited summary data is available for this year.$4.56$3.97$0.59$0.53$0.51$0.02
2013Summary only. Only limited summary data is available for this year.$5.16$4.59$0.57$0.58$0.55$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$4.47$0.54$0.56
2011Summary only. Only limited summary data is available for this year.$4.57$4.01$0.57$0.50$0.07