Civic Intelligence

Fulton County Economic Development Corporation

990 • Fiscal year 2023 • EIN 46-5605818

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 09, 2024

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

85th percentile

0.28x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.21x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

39th percentile

-3.3%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

96th percentile

$100,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 29.0% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

38th percentile

-4.7%

Faster asset growth than 38% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

0.3%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$264,718

Flat from 2023

Net Assets

Flat

$191,560

Flat from 2023

Liabilities

Flat

$73,158

Flat from 2023

Revenue

Flat

$344,417

Flat from 2023

Expenses

Flat

$355,848

Flat from 2023

Net Income

Flat

-$11,431

Flat from 2023

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 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

2023

Assets$264,718
Liabilities$73,158
Net Assets$191,560

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 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

2023

Revenue$344,417
Expenses$355,848
Net Income-$11,431
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 9, 2024
Return Version
2022v5.0
Gross Receipts
$352,259
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
Cash and Non-Interest-Bearing Accounts$119,902$134,160▲ $14,258
Savings and Temporary Cash Investments$120,974$101,432▼ $19,542
Pledges and Grants Receivable$36,613$28,855▼ $7,758
Prepaid Expenses and Deferred Charges$268$271▲ $3
Total Assets$277,757$264,718▼ $13,039
Liabilities
Deferred Revenue$58,500$58,500→ $0
Accounts Payable and Accrued Expenses$16,266$14,658▼ $1,608
Total Liabilities$74,766$73,158▼ $1,608
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$196,991$191,560▼ $5,431
Net Assets With Donor Restrictions$6,000--
Total Net Assets Fund Balance$202,991$191,560▼ $11,431
Total Liabilities and Net Assets / Fund Balance$277,757$264,718▼ $13,039
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matt GilroyExecutive DiFT$100,000$100,000

Board Members and Trustees

NameTitle
Rj LumbrezerChairperson
Patti FinnVice-chairpe
Arthur GlispinDirector
Bill LifeDirector
Bill RufenachtDirector
Dan SilversDirector
Eric WaldronDirector
Garrett TinsmanDirector
John SchwartzDirector
Kathy ShawDirector
Keith TorbetDirector
Rachel BoltonDirector
Rob LangfordDirector
Seth ThomasDirector
Steve MccoyDirector
Tim HeibelDirector
Dave GerkenSecretary
Doug Shaw JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$157,222
Program Service Revenue
$182,710
Investment Income
$487
Other Revenue
$3,998
All Other Contributions
$31,320
Change in Net Assets
$-11,431
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$188,012
Other Expenses$167,836
Total Fundraising Expense$18,177
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$74,463$20,831$10,415$105,709
Other Salaries and Wages$54,330$15,525$7,762$77,617
All Other Expenses$21,876$12,212-$34,088
Information Technology-$15,060-$15,060
Other Expenses$14,093--$14,093
Fees for Services Legal-$9,798-$9,798
Travel-$7,333-$7,333
Office Expenses-$4,731-$4,731
Pension Plan Contributions-$4,686-$4,686
Advertising-$2,272-$2,272
Fees for Services Accounting-$1,265-$1,265
Insurance-$1,217-$1,217
Fees for Services Other-$540-$540
Total Functional Expenses$242,201$95,470$18,177$355,848
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,840
Fundraising Direct Expenses$7,842
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
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 35% controlled entity
No
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
Chairperson
Phone
4193379270
Signed
2024-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rj Lumbrezer
Formed
2014
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
11
Volunteers
72

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/InvestmentIncomeGrp/ExclusionAmt0487
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0487
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0125902
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0202991
IRS990/NetAssetsOrFundBalancesEOYAmt0191560
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03998
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0196991
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0191560
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04731
IRS990/OfficeExpensesGrp/TotalAmt04731
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0INFRASTRUCTURE DEVELOPMEN
IRS990/OtherExpensesGrp/Desc1BUSINESS & EDUCATION
IRS990/OtherExpensesGrp/Desc2EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc3DEVELOPMENT - WORKFORCE
IRS990/OtherExpensesGrp/ProgramServicesAmt029019
IRS990/OtherExpensesGrp/ProgramServicesAmt126620
IRS990/OtherExpensesGrp/ProgramServicesAmt221800
IRS990/OtherExpensesGrp/ProgramServicesAmt314093
IRS990/OtherExpensesGrp/TotalAmt029019
IRS990/OtherExpensesGrp/TotalAmt126620
IRS990/OtherExpensesGrp/TotalAmt221800
IRS990/OtherExpensesGrp/TotalAmt314093
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07762
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015525
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt054330
IRS990/OtherSalariesAndWagesGrp/TotalAmt077617
IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04686
IRS990/PensionPlanContributionsGrp/TotalAmt04686
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt036613
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt028855
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0268
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0271
IRS990/PrincipalOfficerNm0RJ LUMBREZER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CONSULTING FEES - FULTON COUN
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION FEES - MEETINGS
IRS990/ProgramServiceRevenueGrp/Desc2EVENT ACTIVITIES FEES
IRS990/ProgramServiceRevenueGrp/Desc3EVENT SPONSORSHIP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115610
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0164500
IRS990/PYInvestmentIncomeAmt0187
IRS990/PYOtherExpensesAmt0130694
IRS990/PYOtherRevenueAmt0672
IRS990/PYProgramServiceRevenueAmt0177888
IRS990/PYRevenuesLessExpensesAmt04054
IRS990/PYSalariesCompEmpBnftPaidAmt0208499
IRS990/PYTotalExpensesAmt0339193
IRS990/PYTotalRevenueAmt0343247
IRS990/ReconcilationRevenueExpnssAmt0-11431
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0125903
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0120974
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0101432
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0277757
IRS990/TotalAssetsEOYAmt0264718
IRS990/TotalAssetsGrp/BOYAmt0277757
IRS990/TotalAssetsGrp/EOYAmt0264718
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0157222
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018177
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095470
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0242201
IRS990/TotalFunctionalExpensesGrp/TotalAmt0355848
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074766
IRS990/TotalLiabilitiesEOYAmt073158
IRS990/TotalLiabilitiesGrp/BOYAmt074766
IRS990/TotalLiabilitiesGrp/EOYAmt073158
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0202991
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0191560
IRS990/TotalProgramServiceExpensesAmt0242201
IRS990/TotalProgramServiceRevenueAmt0182710
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt0487
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0182710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0344417
IRS990/TotalVolunteersCnt072
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0277757
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0264718
IRS990/TravelGrp/ManagementAndGeneralAmt07333
IRS990/TravelGrp/TotalAmt07333
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09460 COUNTY ROAD 14
IRS990/USAddress/CityNm0WAUSEON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043567
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WebsiteAddressTxt0WWW.FULTONCOUNTYOH.COM ECONOMIC DEVEL.
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RJ LUMBREZER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.06$0.83$1.24$2.76$3.11$0.35
2024Summary only. Only limited summary data is available for this year.$2.45$0.87$1.58$3.45$3.78$0.33
2023Detailed filing. Detailed filing data is available for this year.$2.65$0.73$1.92$3.44$3.56$0.11
2023Summary only. Only limited summary data is available for this year.$2.65$0.73$1.92$3.44$3.56$0.11
2022Summary only. Only limited summary data is available for this year.$2.78$0.75$2.03$3.43$3.39$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.69$1.99$3.39$2.72$0.67
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.64$1.32$3.37$3.30$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.65$1.25$3.16$3.04$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.63$1.13$2.63$2.75$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.04$1.25$2.48$2.47$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.32$0.08$1.24$2.10$2.11$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.43$0.18$1.25$2.97$1.73$1.25