Civic Intelligence

Fulton County Economic Development Corporation

990 • Fiscal year 2019 • EIN 46-5605818

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 18, 2019

9460 County Road 14Wauseon, OH 43567

(419) 337-3085

Siviq Scores

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

Liabilities / Assets

88th percentile

0.34x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.21x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

53rd percentile

3.6%

Higher net margin than 53% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

97th percentile

$104,810

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 33.2% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

60th percentile

7.6%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

20%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$189,433

Up $13,445 (+7.6%) from 2018

Net Assets

Up

$124,518

Up $11,464 (+10%) from 2018

Liabilities

Up

$64,915

Up $1,981 (+3.1%) from 2018

Revenue

Up

$315,770

Up $52,500 (+20%) from 2018

Expenses

Up

$304,306

Up $29,399 (+11%) from 2018

Net Income

Up

$11,464

Up $23,101 (+199%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2015: $142,820Liabilities 2015: $18,094Net Assets 2015: $124,7262015Assets 2016: $131,516Liabilities 2016: $7,861Net Assets 2016: $123,6552016Assets 2017: $128,521Liabilities 2017: $3,830Net Assets 2017: $124,6912017Assets 2018: $175,988Liabilities 2018: $62,934Net Assets 2018: $113,0542018Assets 2019: $189,433Liabilities 2019: $64,915Net Assets 2019: $124,5182019Assets 2020: $196,010Liabilities 2020: $64,190Net Assets 2020: $131,8202020Assets 2021: $267,727Liabilities 2021: $68,790Net Assets 2021: $198,9372021Assets 2022: $277,757Liabilities 2022: $74,766Net Assets 2022: $202,9912022Assets 2023: $264,718Liabilities 2023: $73,158Net Assets 2023: $191,5602023Assets 2024: $245,315Liabilities 2024: $86,875Net Assets 2024: $158,4402024Assets 2025: $206,457Liabilities 2025: $82,767Net Assets 2025: $123,6902025

Highlighted filing

2019

Assets$189,433
Liabilities$64,915
Net Assets$124,518

Operations Trend

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

$400K$200K$0-$200KRevenue 2015: $297,242Expenses 2015: $172,516Net Income 2015: $124,7262015Revenue 2016: $210,010Expenses 2016: $211,081Net Income 2016: -$1,0712016Revenue 2017: $248,009Expenses 2017: $246,973Net Income 2017: $1,0362017Revenue 2018: $263,270Expenses 2018: $274,907Net Income 2018: -$11,6372018Revenue 2019: $315,770Expenses 2019: $304,306Net Income 2019: $11,4642019Revenue 2020: $337,020Expenses 2020: $329,718Net Income 2020: $7,3022020Revenue 2021: $339,005Expenses 2021: $271,888Net Income 2021: $67,1172021Revenue 2022: $343,247Expenses 2022: $339,193Net Income 2022: $4,0542022Revenue 2023: $344,417Expenses 2023: $355,848Net Income 2023: -$11,4312023Revenue 2024: $344,955Expenses 2024: $378,075Net Income 2024: -$33,1202024Revenue 2025: $276,024Expenses 2025: $310,774Net Income 2025: -$34,7502025

Highlighted filing

2019

Revenue$315,770
Expenses$304,306
Net Income$11,464
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 18, 2019
Return Version
2018v3.1
Gross Receipts
$321,420
Mission and Program Overview

Mission

The corporation is organized to act a the vehicle for the unified countywide effort promoting the economic health of fulton county, ohio communities and businesses through two way communication, constant networking with businesses to strengthen the economic climate of the county, the retention of existing industry, and the systematic recruitment of new businesses to stimulate and ensure the area's continued and orderly growth.

The corporation is organized to act as the vehicle for the unified countywide effort promoting the economic health of fulton county, ohio communities and businesses through two way communication, constant networking with businesses to strengthen the economic climate of the county, the retention of existing industry, and the systematic recruitment of new businesses to stimulate and ensure the area's continued and orderly growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$55,018$95,317▲ $40,299
Cash and Non-Interest-Bearing Accounts$115,895$86,927▼ $28,968
Pledges and Grants Receivable$4,810$6,920▲ $2,110
Prepaid Expenses and Deferred Charges$265$269▲ $4
Total Assets$175,988$189,433▲ $13,445
Liabilities
Deferred Revenue$58,500$58,500→ $0
Other Liabilities$2,560$3,317▲ $757
Accounts Payable and Accrued Expenses$1,874$3,098▲ $1,224
Total Liabilities$62,934$64,915▲ $1,981
Net Assets / Fund Balance
Unrestricted Net Assets$113,054$124,518▲ $11,464
Total Net Assets Fund Balance$113,054$124,518▲ $11,464
Total Liabilities and Net Assets / Fund Balance$175,988$189,433▲ $13,445
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matt GilroyExecutive DiFT$104,810$104,810

Board Members and Trustees

NameTitle
Rj LumbrezerPresident
Bill LifeDirector
Bill RufenachtDirector
Dan SilversDirector
Garrett TinsmanDirector
Jon BrownDirector
Kathy ShawDirector
Keith TorbetDirector
Lisa WilsonDirector
Rich MenzelDirector
Seth ThomasDirector
Steve MccoyDirector
Tim HeibelDirector
Tim SuterDirector
Dave GerkenSecretary
Doug Shaw JrTreasurer
Patti FinnVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$164,098
Program Service Revenue
$149,452
Investment Income
$305
Other Revenue
$1,915
Change in Net Assets
$11,464

Audited Revenue Reconciliation

Revenue per Audited Statements
$315,770
Revenue Not Reported on Form 990
$12,000
Total Revenue per Audited Statements
$327,770
Total Revenue per Form 990
$315,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$164,066
Other Expenses$140,240
Total Fundraising Expense$8,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$114,572$30,440$7,610$152,622
Fees for Services Legal-$26,177-$26,177
All Other Expenses$12,200$9,413-$21,613
Office Expenses$6,701$6,961$129$13,791
Travel$1,731$8,409-$10,140
Other Expenses$10,473$8,484-$8,484
Other Salaries and Wages$5,815$1,551$388$7,754
Information Technology-$5,470-$5,470
Pension Plan Contributions-$3,690-$3,690
Advertising-$2,769-$2,769
Fees for Services Accounting-$1,924-$1,924
Insurance-$1,206-$1,206
Fees for Services Other-$469-$469
Total Functional Expenses$189,216$106,963$8,127$304,306

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$316,306
Expenses per Audited Statements$304,306
Total Expenses per Form 990$304,306
Expenses Not Reported on Form 990$12,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,565
Fundraising Direct Expenses$5,650
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Wages$3,317
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes
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

Return is reviewed by board members prior to filing.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Fulton County Economic Development
EIN
46-5605818
Address
9460 COUNTY ROAD 14, WAUSEON, OH 43567

Signing Officer

Name
Rj Lumbrezer
Title
President
Phone
4193379270
Signed
2019-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rj Lumbrezer
Formed
2014
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
17
Employees
6
Volunteers
71

Preparer

Firm
Shultz Huber & Associates Inc
Address
105 STRYKER ST, ARCHBOLD, OH 43502-1140
Preparer
Robin K Brinegar CPA
Phone
4194452000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation is organized to act as the vehicle for the unified countywide effort promoting the economic health of fulton county, ohio communities and businesses through two way communication, constant networking with businesses to strengthen the economic climate of the county, the retention of existing industry, and the systematic recruitment of new businesses to stimulate and ensure the area's continued and orderly growth.

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IRS990/MissionDesc0THE CORPORATION IS ORGANIZED TO ACT AS THE VEHICLE FOR THE UNIFIED COUNTYWIDE EFFORT PROMOTING THE ECONOMIC HEALTH OF FULTON COUNTY, OHIO COMMUNITIES AND BUSINESSES THROUGH TWO WAY COMMUNICATION, CONSTANT NETWORKING WITH BUSINESSES TO STRENGTHEN THE ECONOMIC CLIMATE OF THE COUNTY, THE RETENTION OF EXISTING INDUSTRY, AND THE SYSTEMATIC RECRUITMENT OF NEW BUSINESSES TO STIMULATE AND ENSURE THE AREA'S CONTINUED AND ORDERLY GROWTH.
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IRS990/OtherExpensesGrp/Desc2DEVELOPMENT - WORKFORCE
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED TO ACT AS THE VEHICLE FOR THE UNIFIED COUNTYWIDE EFFORT PROMOTING THE ECONOMIC HEALTH OF FULTON COUNTY, OHIO COMMUNITIES AND BUSINESSES THROUGH TWO WAY COMMUNICATION, CONSTANT NETWORKING WITH BUSINESSES TO STRENGTHEN THE ECONOMIC CLIMATE OF THE COUNTY, THE RETENTION OF EXISTING INDUSTRY, AND THE SYSTEMATIC RECRUITMENT OF NEW BUSINESSES TO STIMULATE AND ENSURE THE AREA'S CONTINUED AND ORDERLY GROWTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS REVIEWED BY BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE 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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IRS990/USAddress/CityNm0WAUSEON
IRS990/USAddress/StateAbbreviationCd0OH
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