Civic Intelligence

MCIC Sinter Property

990 • Fiscal year 2023 • EIN 46-3597825

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

Organization Profile
155 E Main Street Room 135 Ste BMcconnelsville, OH 43756

(740) 962-6772

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.33x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

7.51x

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

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Net Margin

65th percentile

19%

Higher net margin than 65% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

44th percentile

$1,800

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Asset Growth

22nd percentile

-1.9%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

26%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$9,568,582

Down $181,579 (-1.9%) from 2022

Net Assets

Up

$6,454,687

Up $80,751 (+1.3%) from 2022

Liabilities

Down

$3,113,895

Down $262,330 (-7.8%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin65th percentile

Revenue

Up

$414,359

Up $84,669 (+26%) from 2022

Expenses

Down

$333,608

Down $31,058 (-8.5%) from 2022

Net Income

Up

$80,751

Up $115,727 (+331%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$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

2023

Assets$9,568,582
Liabilities$3,113,895
Net Assets$6,454,687
Open 2023 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$414,359
Expenses$333,608
Net Income$80,751
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 15, 2024
Return Version
2023v5.0
Gross Receipts
$414,359
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$9,656,144$9,342,042▼ $314,102
Savings and Temporary Cash Investments$94,017$226,540▲ $132,523
Total Assets$9,750,161$9,568,582▼ $181,579
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,376,225$3,113,895▼ $262,330
Total Liabilities$3,376,225$3,113,895▼ $262,330
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,373,936$6,454,687▲ $80,751
Total Net Assets Fund Balance$6,373,936$6,454,687▲ $80,751
Total Liabilities and Net Assets / Fund Balance$9,750,161$9,568,582▼ $181,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,634,082$3,615,918$12,250,000
Land$707,960-$707,960
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleOtherTotal
Kelsey WellsBoard Member$1,800$1,800

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
$406,609
Investment Income
$7,750
Other Revenue
$0
Change in Net Assets
$80,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$333,608
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$314,102--$314,102
Interest$17,339--$17,339
Other Expenses$2,167--$2,167
Total Functional Expenses$333,608$0$0$333,608
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$118,811
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
2024-07-15
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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt03615918
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012250000
IRS990ScheduleD/LandGrp/BookValueAmt0707960
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0707960
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09342042
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0118811
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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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LEASING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MCCONNELSVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0118811
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0PAYMENTS ON NOTE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MORGAN COUNTY IMPROVEMENT CORPORATI
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09750161
IRS990/TotalAssetsEOYAmt09568582
IRS990/TotalAssetsGrp/BOYAmt09750161
IRS990/TotalAssetsGrp/EOYAmt09568582
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0333608
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt03113895
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06373936
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IRS990/TotalProgramServiceExpensesAmt0333608
IRS990/TotalProgramServiceRevenueAmt0406609
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0414359
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0414359
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09750161
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09568582
IRS990/TotReportableCompRltdOrgAmt01800
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0155 E MAIN ST ROOM 135 SUITE B
IRS990/USAddress/CityNm0MCCONNELSVILLE
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043756
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IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELSEY WELLS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum07409626772
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCIC SINTER PROPERTY
ReturnHeader/Filer/BusinessNameControlTxt0MCIC
ReturnHeader/Filer/EIN0463597825
ReturnHeader/Filer/PhoneNum07409626772
ReturnHeader/Filer/USAddress/AddressLine1Txt0155 E MAIN STREET ROOM 135 STE B
ReturnHeader/Filer/USAddress/CityNm0MCCONNELSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203388433
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAMILTON WALTMAN OBENOUR & MELSHEIMER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 8200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ZANESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0437028200
ReturnHeader/PreparerPersonGrp/PhoneNum07404548852
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYAN T MELSHEIMER CPA
ReturnHeader/ReturnTs02024-08-09T10:37:41-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,568,582
Liabilities
$3,113,895
Net assets
$6,454,687
Revenue
$414,359
Expenses
$333,608
Net income
$80,751
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