Civic Intelligence

Marshall Area Economic Development Alliance

990 • Fiscal year 2017 • EIN 46-1516144

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 01, 2018

323 W Michigan AveMarshall, MI 49068

(269) 781-5183

Siviq Scores

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

Liabilities / Assets

71st percentile

0.19x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.11x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

26th percentile

-5.8%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

78th percentile

21%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-20%

Faster revenue growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$389,945

Up $67,045 (+21%) from 2016

Net Assets

Up

$315,915

Up $9,086 (+3.0%) from 2016

Liabilities

Up

$74,030

Up $57,959 (+361%) from 2016

Revenue

Down

$650,951

Down $165,845 (-20%) from 2016

Expenses

Up

$688,674

Up $88,881 (+15%) from 2016

Net Income

Down

-$37,723

Down $254,726 (-117%) from 2016

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2013: $8,909Liabilities 2013: $8,1062013Assets 2014: $42,683Liabilities 2014: $10,414Net Assets 2014: $32,2692014Assets 2015: $99,629Liabilities 2015: $9,803Net Assets 2015: $89,8262015Assets 2016: $322,900Liabilities 2016: $16,071Net Assets 2016: $306,8292016Assets 2017: $389,945Liabilities 2017: $74,030Net Assets 2017: $315,9152017Assets 2018: $382,980Liabilities 2018: $66,122Net Assets 2018: $316,8582018Assets 2019: $557,069Liabilities 2019: $157,656Net Assets 2019: $399,4132019Assets 2020: $612,454Liabilities 2020: $87,521Net Assets 2020: $524,9332020Assets 2021: $792,698Liabilities 2021: $86,129Net Assets 2021: $706,5692021Assets 2022: $870,752Liabilities 2022: $72,856Net Assets 2022: $797,8962022Assets 2023: $203,118,967Liabilities 2023: $53,857,462Net Assets 2023: $149,261,5052023Assets 2024: $344,058,367Liabilities 2024: $52,369,089Net Assets 2024: $291,689,2782024

Highlighted filing

2017

Assets$389,945
Liabilities$74,030
Net Assets$315,915

Operations Trend

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

$200M$150M$100M$50M$0-$50MRevenue 2013: $115,000Expenses 2013: $114,197Net Income 2013: $8032013Revenue 2014: $654,465Expenses 2014: $622,999Net Income 2014: $31,4662014Revenue 2015: $717,449Expenses 2015: $659,892Net Income 2015: $57,5572015Revenue 2016: $816,796Expenses 2016: $599,793Net Income 2016: $217,0032016Revenue 2017: $650,951Expenses 2017: $688,674Net Income 2017: -$37,7232017Revenue 2018: $706,125Expenses 2018: $705,182Net Income 2018: $9432018Revenue 2019: $615,201Expenses 2019: $532,646Net Income 2019: $82,5552019Revenue 2020: $769,023Expenses 2020: $643,503Net Income 2020: $125,5202020Revenue 2021: $741,485Expenses 2021: $559,849Net Income 2021: $181,6362021Revenue 2022: $1,562,359Expenses 2022: $1,471,032Net Income 2022: $91,3272022Revenue 2023: $151,641,399Expenses 2023: $3,177,790Net Income 2023: $148,463,6092023Revenue 2024: $143,724,385Expenses 2024: $1,296,612Net Income 2024: $142,427,7732024

Highlighted filing

2017

Revenue$650,951
Expenses$688,674
Net Income-$37,723
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 1, 2018
Return Version
2016v3.0
Gross Receipts
$650,951
Mission and Program Overview

Mission

Economic development, promotion of tourism, business retention, small business growth and development, and volunteerism

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$320,137$282,608▼ $37,529
Accounts Receivable$46,873$81,669▲ $34,796
Prepaid Expenses and Deferred Charges-$24,306-
Land, Buildings, and Equipment, Net$2,699$1,362▼ $1,337
Total Assets$369,709$389,945▲ $20,236
Liabilities
Deferred Revenue$375$42,900▲ $42,525
Accounts Payable and Accrued Expenses$15,696$31,130▲ $15,434
Total Liabilities$16,071$74,030▲ $57,959
Net Assets / Fund Balance
Unrestricted Net Assets$335,673$315,915▼ $19,758
Temporarily Rstr Net Assets$17,965--
Total Net Assets Fund Balance$353,638$315,915▼ $37,723
Total Liabilities and Net Assets / Fund Balance$369,709$389,945▲ $20,236

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,362$30,456$31,818
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard LindseyChair
Sue DamronPast Chair
Caryn DrenthVice Chair
Craig KempfBoard Member
Dr Randy DavisBoard Member
Ian StewartBoard Member
Jack ReedBoard Member
Jason SchriderBoard Member
Laura KujawaBoard Member
Matt DavisBoard Member
Mike FallonBoard Member
Shannon TiernanBoard Member
Tom TarkiewiczBoard Member
Ryan TraverSecretary
Kelli ScottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$643,882
Program Service Revenue
$0
Investment Income
$725
Other Revenue
$6,344
Change in Net Assets
$-37,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$650,951
Total Revenue per Audited Statements
$650,951
Total Revenue per Form 990
$650,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$408,261
Other Expenses$280,413
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$347,398$38,600$0$385,998
Advertising$90,236$10,026$0$100,262
Other Expenses$63,302$7,034$0$70,336
Office Expenses$32,642$3,627$0$36,269
Payroll Taxes$20,037$2,226$0$22,263
Information Technology$17,843$1,983$0$19,826
Travel$15,066$1,674$0$16,740
Conferences and Meetings$4,937$549$0$5,486
Insurance$616$68$0$684
Total Functional Expenses$619,807$68,867$0$688,674

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$688,674
Total Expenses per Audited Statements$688,674
Total Expenses per Form 990$688,674
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Marshall Area Economic Development Alliance
EIN
46-1516144
Phone
2697815183
Address
323 W MICHIGAN AVE, MARSHALL, MI 49068

Signing Officer

Name
Scott Flemming
Title
CEO
Phone
2697815183
Signed
2018-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Flemming
Formed
2012
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
0
Employees
0
Volunteers
225

Preparer

Firm
Gabridge & Company
Address
13561 S West Bayshore Dr Ste 209, Traverse City, MI 49684
Preparer
Joe Verlin
Phone
2316425656
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

The Marshall Area Economic Development Alliance was formed by combining the Board of Directors of the Local Development Finance Authority (LDFA), the Downtown Development Authority (DDA), and two members from the City of Marshall. The reason for this combination was to create economies of scale and eliminate duplication of efforts and overlap in the promotion and marketing of the Marshall Area as a destination (tourism) but also business recruitment and retention.

Pt VI, Line 11B

Once Form 990 and related schedules are completed they are transmitted to the MAEDA Finance Committee Chair for review. The Finance Committee Chair after review is to recommend to the full board of directors to accept and place on file the Form 990 and related schedules. Once the full board of directors accept the 990 it will be mailed to the IRS and the State of Michigan.

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IRS990/PrincipalOfficerNm0SCOTT FLEMMING
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT: THIS PROGRAM IS FOR THE PROMOTION AND MARKETING OF THE MARSHALL AREA TO ATTRACT AND RETAIN INDUSTRIAL AND COMMERCIAL BUSINESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0187993
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0215784
IRS990/ProgSrvcAccomActy3Grp/Desc0SMALL BUSINESS SERVICES: THIS PROGRAM IS TO FUND SUPPORT FOR THE SMALL BUSINESSES OPERATING AND PLANNING TO OPERATE IN MARSHALL AREA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0168749
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0125694
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0622592
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0155
IRS990/PYOtherExpensesAmt0501729
IRS990/PYOtherRevenueAmt0240858
IRS990/PYRevenuesLessExpensesAmt0263812
IRS990/PYSalariesCompEmpBnftPaidAmt098064
IRS990/PYTotalExpensesAmt0599793
IRS990/PYTotalRevenueAmt0863605
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-37723
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0643882
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0306073
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0640482
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0793719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0714250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02148451
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt02148451
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0640482
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0793719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0714250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02148451
IRS990ScheduleA/TotalSupportAmt02148451
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01362
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030456
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031818
IRS990ScheduleD/ExpensesSubtotalAmt0688674
IRS990ScheduleD/RevenueSubtotalAmt0650951
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01362
IRS990ScheduleD/TotalExpensesPerForm990Amt0688674
IRS990ScheduleD/TotalRevenuePerForm990Amt0650951
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0650951
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0688674
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Marshall Area Economic Development Alliance was formed by combining the Board of Directors of the Local Development Finance Authority (LDFA), the Downtown Development Authority (DDA), and two members from the City of Marshall. The reason for this combination was to create economies of scale and eliminate duplication of efforts and overlap in the promotion and marketing of the Marshall Area as a destination (tourism) but also business recruitment and retention.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Once Form 990 and related schedules are completed they are transmitted to the MAEDA Finance Committee Chair for review. The Finance Committee Chair after review is to recommend to the full board of directors to accept and place on file the Form 990 and related schedules. Once the full board of directors accept the 990 it will be mailed to the IRS and the State of Michigan.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0None
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1Marshall City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2Marshall City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0City of Marshall
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Downtown Development Authority
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Local Development Finance Authority
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0461516144
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1461516144
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2461516144
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOCAL GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TIFA ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TIFA ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0323 W Michigan Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1323 W Michigan Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2323 W Michigan Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Marshall
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Marshall
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Marhsall
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd049068
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd149068
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd249068
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Contractual Budget Agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Contractual Budget Agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2Contractual Budget Agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0City of Marshall
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Local Development Finance Authority
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2Downtown Development Authority
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1c
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2c
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt017965
IRS990/TempOrPermanentEndowmentsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$344$52.4$292$144$1.30$142
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$203$53.9$149$152$3.18$148
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.07$0.80$1.56$1.47$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.09$0.71$0.74$0.56$0.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.09$0.52$0.77$0.64$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.16$0.40$0.62$0.53$0.08
2018Summary only. Only limited summary data is available for this year.$0.38$0.07$0.32$0.71$0.71$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.07$0.32$0.65$0.69$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.02$0.31$0.82$0.60$0.22
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.09$0.72$0.66$0.06
2014Summary only. Only limited summary data is available for this year.$0.04$0.01$0.03$0.65$0.62$0.03
2013Summary only. Only limited summary data is available for this year.$0.01$0.01$0.12$0.11$0.00