Civic Intelligence

MCIC Sinter Property

EIN 46-3597825 • 501(c)4 • Mcconnelsville, OH

Profile

The sole purpose for which the corporation is formed is to advance, encourage, and promote industrial, economic, commercial, and civic development of the county of morgan, and the municipal corporations located therein by acting as the designated agency of the county of morgan, one or more municipal corporations located therein, or the county of morgan and one or more municipal corporations located therein, for the industrial, commercial, distribution, and research development in such political subdivision in accordance with section 1724.10, revised code. To provide real property for an industrial building being financed in part by loans and grants from the state of ohio. The corporation shall have the right to raise money and expend funds for community projects in morgan county, ohio. Our activity furthers our exempt purpose as we are able to obtain loans with lower than standard interest rates and grants from the state of ohio to finance the real property, which in turn allows the co

155 E Main Street Room 135 Ste BMcconnelsville, OH 43756
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.30x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

7.61x

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

501(c)4 • $5M-$10M nonprofits • Source year 2024

Net Margin

50th percentile

7.7%

Higher net margin than 50% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-3.3%

Faster asset growth than 23% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-12%

Faster revenue growth than 16% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$9,255,011

Down $313,571 (-3.3%) from 2023

Liabilities

Down

$2,772,442

Down $341,453 (-11%) from 2023

Net Assets

Up

$6,482,569

Up $27,882 (+0.4%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin50th percentile

Revenue

Down

$364,182

Down $50,177 (-12%) from 2023

Expenses

Up

$336,300

Up $2,692 (+0.8%) from 2023

Net Income

Down

$27,882

Down $52,869 (-65%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2014: $11,736,881Liabilities 2014: $10,189,184Net Assets 2014: $1,547,6972014Assets 2015: $11,484,519Liabilities 2015: $9,634,467Net Assets 2015: $1,850,0522015Assets 2016: $11,286,019Liabilities 2016: $9,116,252Net Assets 2016: $2,169,7672016Assets 2017: $11,071,953Liabilities 2017: $8,579,807Net Assets 2017: $2,492,1462017Assets 2018: $10,630,825Liabilities 2018: $4,281,091Net Assets 2018: $6,349,7342018Assets 2019: $10,334,334Liabilities 2019: $3,997,429Net Assets 2019: $6,336,9052019Assets 2020: $10,305,129Liabilities 2020: $3,930,182Net Assets 2020: $6,374,9472020Assets 2021: $10,028,276Liabilities 2021: $3,619,364Net Assets 2021: $6,408,9122021Assets 2022: $9,750,161Liabilities 2022: $3,376,225Net Assets 2022: $6,373,9362022Assets 2023: $9,568,582Liabilities 2023: $3,113,895Net Assets 2023: $6,454,6872023Assets 2024: $9,255,011Liabilities 2024: $2,772,442Net Assets 2024: $6,482,5692024

Highlighted filing

2024

Assets$9,255,011
Liabilities$2,772,442
Net Assets$6,482,569
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $383,213Expenses 2014: $228,535Net Income 2014: $154,6782014Revenue 2015: $727,649Expenses 2015: $425,294Net Income 2015: $302,3552015Revenue 2016: $755,510Expenses 2016: $435,795Net Income 2016: $319,7152016Revenue 2017: $772,787Expenses 2017: $450,408Net Income 2017: $322,3792017Revenue 2018: $4,228,903Expenses 2018: $371,315Net Income 2018: $3,857,5882018Revenue 2019: $330,744Expenses 2019: $343,573Net Income 2019: -$12,8292019Revenue 2020: $370,262Expenses 2020: $332,220Net Income 2020: $38,0422020Revenue 2021: $388,057Expenses 2021: $354,092Net Income 2021: $33,9652021Revenue 2022: $329,690Expenses 2022: $364,666Net Income 2022: -$34,9762022Revenue 2023: $414,359Expenses 2023: $333,608Net Income 2023: $80,7512023Revenue 2024: $364,182Expenses 2024: $336,300Net Income 2024: $27,8822024

Highlighted filing

2024

Revenue$364,182
Expenses$336,300
Net Income$27,882
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,255,011
Liabilities
$2,772,442
Net assets
$6,482,569
Revenue
$364,182
Expenses
$336,300
Net income
$27,882
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.26$2.77$6.48$0.36$0.34$0.03
2023Detailed filing. Detailed filing data is available for this year.$9.57$3.11$6.45$0.41$0.33$0.08
2022Detailed filing. Detailed filing data is available for this year.$9.75$3.38$6.37$0.33$0.36$0.03
2021Detailed filing. Detailed filing data is available for this year.$10.0$3.62$6.41$0.39$0.35$0.03
2020Detailed filing. Detailed filing data is available for this year.$10.3$3.93$6.37$0.37$0.33$0.04
2019Detailed filing. Detailed filing data is available for this year.$10.3$4.00$6.34$0.33$0.34$0.01
2018Detailed filing. Detailed filing data is available for this year.$10.6$4.28$6.35$4.23$0.37$3.86
2017Detailed filing. Detailed filing data is available for this year.$11.1$8.58$2.49$0.77$0.45$0.32
2016Detailed filing. Detailed filing data is available for this year.$11.3$9.12$2.17$0.76$0.44$0.32
2015Detailed filing. Detailed filing data is available for this year.$11.5$9.63$1.85$0.73$0.43$0.30
2014Detailed filing. Detailed filing data is available for this year.$11.7$10.2$1.55$0.38$0.23$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.0
Gross Receipts
$364,182
Mission and Program Overview

Mission

The sole purpose for which the corporation is formed is to advance, encourage, and promote industrial, economic, commercial, and civic development of the county of morgan, and the municipal corporations located therein by acting as the designated agency of the county of morgan, one or more municipal corporations located therein, or the county of morgan and one or more municipal corporations located therein, for the industrial, commercial, distribution, and research development in such political subdivision in accordance with section 1724.10, revised code. To provide real property for an industrial building being financed in part by loans and grants from the state of ohio. The corporation shall have the right to raise money and expend funds for community projects in morgan county, ohio. Our activity furthers our exempt purpose as we are able to obtain loans with lower than standard interest rates and grants from the state of ohio to finance the real property, which in turn allows the co

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,342,042$9,027,939▼ $314,103
Savings and Temporary Cash Investments$226,540$227,072▲ $532
Total Assets$9,568,582$9,255,011▼ $313,571
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,113,895$2,772,442▼ $341,453
Total Liabilities$3,113,895$2,772,442▼ $341,453
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,454,687$6,482,569▲ $27,882
Total Net Assets Fund Balance$6,454,687$6,482,569▲ $27,882
Total Liabilities and Net Assets / Fund Balance$9,568,582$9,255,011▼ $313,571

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,319,979$3,930,021$12,250,000
Land$707,960-$707,960
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Kelsey WellsBoard Member$3,000$3,000

Board Members and Trustees

NameTitle
Adam ShriverBoard Member
Bernie AndersonBoard Member
Cecil MayleBoard Member
Chasity MayleBoard Member
Dean PonchakBoard Member
Mark HowdyshellBoard Member
Richard WelshBoard Member
Sarah HarlowBoard Member
Steve WilliamsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$353,134
Investment Income
$11,048
Other Revenue
$0
Change in Net Assets
$27,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$336,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$314,103--$314,103
Interest$20,389--$20,389
Other Expenses$1,808--$1,808
Total Functional Expenses$336,300$0$0$336,300
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Morgan County Imrpovement CorpBoard MembersDebt PaymentNo$197,612
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
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
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, Page 6, Part VI, Line 11B

“Reviewed and discussed during a normal board meeting”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mcic Sinter Property
EIN
46-3597825
Phone
7409626772
Address
155 E MAIN STREET ROOM 135 STE B, MCCONNELSVILLE, OH 43756

Signing Officer

Name
Kelsey Wells
Title
Board Member/treas
Phone
7409626772
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelsey Wells
Formed
2008
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Hamilton Waltman Obenour & Melsheimer
Address
PO BOX 8200, ZANESVILLE, OH 43702-8200
Preparer
Bryan T Melsheimer CPA
Phone
7404548852
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The sole purpose for which the corporation is formed is to advance, encourage, and promote industrial, economic, commercial, and civic development of the county of morgan, and the municipal corporations located therein by acting as the designated agency of the county of morgan, one or more municipal corporations located therein, or the county of morgan and one or more municipal corporations located therein, for the industrial, commercial, distribution, and research development in such political subdivision in accordance with section 1724.10, revised code. To provide real property for an industrial building being financed in part by loans and grants from the state of ohio. The corporation shall have the right to raise money and expend funds for community projects in morgan county, ohio. Our activity furthers our exempt purpose as we are able to obtain loans with lower than standard interest rates and grants from the state of ohio to finance the real property, which in turn allows the company leasing the industrial building to pay lower lease payments and gives them an incentive to come to morgan county, ohio to help reduce unemployment and create jobs in our local economy.”

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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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IRS990/MissionDesc0THE SOLE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF THE COUNTY OF MORGAN, AND THE MUNICIPAL CORPORATIONS LOCATED THEREIN BY ACTING AS THE DESIGNATED AGENCY OF THE COUNTY OF MORGAN, ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, OR THE COUNTY OF MORGAN AND ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, FOR THE INDUSTRIAL, COMMERCIAL, DISTRIBUTION, AND RESEARCH DEVELOPMENT IN SUCH POLITICAL SUBDIVISION IN ACCORDANCE WITH SECTION 1724.10, REVISED CODE. TO PROVIDE REAL PROPERTY FOR AN INDUSTRIAL BUILDING BEING FINANCED IN PART BY LOANS AND GRANTS FROM THE STATE OF OHIO. THE CORPORATION SHALL HAVE THE RIGHT TO RAISE MONEY AND EXPEND FUNDS FOR COMMUNITY PROJECTS IN MORGAN COUNTY, OHIO. OUR ACTIVITY FURTHERS OUR EXEMPT PURPOSE AS WE ARE ABLE TO OBTAIN LOANS WITH LOWER THAN STANDARD INTEREST RATES AND GRANTS FROM THE STATE OF OHIO TO FINANCE THE REAL PROPERTY, WHICH IN TURN ALLOWS THE CO
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MORGAN COUNTY IMRPOVEMENT CORP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBERS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DEBT PAYMENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF THE COUNTY OF MORGAN, AND THE MUNICIPAL CORPORATIONS LOCATED THEREIN BY ACTING AS THE DESIGNATED AGENCY OF THE COUNTY OF MORGAN, ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, OR THE COUNTY OF MORGAN AND ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, FOR THE INDUSTRIAL, COMMERCIAL, DISTRIBUTION, AND RESEARCH DEVELOPMENT IN SUCH POLITICAL SUBDIVISION IN ACCORDANCE WITH SECTION 1724.10, REVISED CODE. TO PROVIDE REAL PROPERTY FOR AN INDUSTRIAL BUILDING BEING FINANCED IN PART BY LOANS AND GRANTS FROM THE STATE OF OHIO. THE CORPORATION SHALL HAVE THE RIGHT TO RAISE MONEY AND EXPEND FUNDS FOR COMMUNITY PROJECTS IN MORGAN COUNTY, OHIO. OUR ACTIVITY FURTHERS OUR EXEMPT PURPOSE AS WE ARE ABLE TO OBTAIN LOANS WITH LOWER THAN STANDARD INTEREST RATES AND GRANTS FROM THE STATE OF OHIO TO FINANCE THE REAL PROPERTY, WHICH IN TURN ALLOWS THE COMPANY LEASING THE INDUSTRIAL BUILDING TO PAY LOWER LEASE PAYMENTS AND GIVES THEM AN INCENTIVE TO COME TO MORGAN COUNTY, OHIO TO HELP REDUCE UNEMPLOYMENT AND CREATE JOBS IN OUR LOCAL ECONOMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED AND DISCUSSED DURING A NORMAL BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KELSEY WELLS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum07409626772
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCIC SINTER PROPERTY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 8200
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYAN T MELSHEIMER CPA
ReturnHeader/ReturnTs02025-11-07T14:26:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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