Civic Intelligence

One Sumter Economic Development Foundation Inc.

990 • Fiscal year 2018 • EIN 47-1453325

Jan 01, 2018 to Dec 31, 2018 • Filed on Dec 04, 2019

Organization ProfileONESUMTER.ORG
P O Box 6714Americus, GA 31079

(229) 924-3042

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

98th percentile

310%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

228%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,278,911

Up $967,321 (+310%) from 2017

Net Assets

Up

$1,276,139

Up $965,274 (+311%) from 2017

Liabilities

Up

$2,772

Up $2,047 (+282%) from 2017

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin95th percentile

Revenue

Up

$1,376,440

Up $956,585 (+228%) from 2017

Expenses

Down

$411,166

Down $170,716 (-29%) from 2017

Net Income

Up

$965,274

Up $1,127,301 (+696%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $337,186Liabilities 2015: $800Net Assets 2015: $336,3862015Assets 2016: $477,773Liabilities 2016: $4,881Net Assets 2016: $472,8922016Assets 2017: $311,590Liabilities 2017: $725Net Assets 2017: $310,8652017Assets 2018: $1,278,911Liabilities 2018: $2,772Net Assets 2018: $1,276,1392018Assets 2019: $1,527,517Liabilities 2019: $673Net Assets 2019: $1,526,8442019Assets 2020: $1,390,452Liabilities 2020: $2,316Net Assets 2020: $1,388,1362020Assets 2021: $1,431,494Liabilities 2021: $10,470Net Assets 2021: $1,421,0242021Assets 2022: $1,201,298Liabilities 2022: $20,000Net Assets 2022: $1,181,2982022Assets 2023: $757,308Liabilities 2023: $65,000Net Assets 2023: $692,3082023Assets 2024: $555,387Liabilities 2024: $131,962Net Assets 2024: $423,4252024

Highlighted filing

2018

Assets$1,278,911
Liabilities$2,772
Net Assets$1,276,139
Open 2018 Filing

Operations Trend

Revenue Growth97th percentile

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

$10M$5.0M$0-$5.0MRevenue 2015: $339,312Expenses 2015: $37,926Net Income 2015: $301,3862015Revenue 2016: $363,033Expenses 2016: $226,527Net Income 2016: $136,5062016Revenue 2017: $419,855Expenses 2017: $581,882Net Income 2017: -$162,0272017Revenue 2018: $1,376,440Expenses 2018: $411,166Net Income 2018: $965,2742018Revenue 2019: $462,720Expenses 2019: $333,355Net Income 2019: $129,3652019Revenue 2020: $336,762Expenses 2020: $354,553Net Income 2020: -$17,7912020Revenue 2021: $302,138Expenses 2021: $199,054Net Income 2021: $103,0842021Revenue 2022: $1,060,926Expenses 2022: $341,272Net Income 2022: $719,6542022Revenue 2023: $7,610,491Expenses 2023: $8,099,481Net Income 2023: -$488,9902023Revenue 2024: $6,211,695Expenses 2024: $6,480,578Net Income 2024: -$268,8832024

Highlighted filing

2018

Revenue$1,376,440
Expenses$411,166
Net Income$965,274
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Dec 4, 2019
Return Version
2018v3.1
Gross Receipts
$1,376,440
Mission and Program Overview

Mission

Promotion of Industry and new business in Americus, Ga and the surrounding Cities in the Sumter County Ga area.

Enhancement and promotion of economic development, workforce development, marketing and communications, and transportation efforts in sumter county, georgia

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$311,565$378,486▲ $66,921
Accounts Receivable$25$25→ $0
Total Assets$311,590$1,278,911▲ $967,321
Other Assets Total-$900,400-
Liabilities
Accounts Payable and Accrued Expenses$725$2,772▲ $2,047
Total Liabilities$725$2,772▲ $2,047
Net Assets / Fund Balance
Unrestricted Net Assets$310,865$1,195,289▲ $884,424
Temporarily Rstr Net Assets-$80,850-
Total Net Assets Fund Balance$310,865$1,276,139▲ $965,274
Total Liabilities and Net Assets / Fund Balance$311,590$1,278,911▲ $967,321

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$900,400--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Alex SaratsiotisChairman
Brad LafeversVice Chairma
Lewis WebbDirector
Paul HallDirector
Rene SmithDirector
Bill Harris JrSecretary, T
Revenue and Support

Revenue Composition

Contributions and Grants
$1,308,792
Program Service Revenue
$0
Investment Income
$738
Other Revenue
$66,910
All Other Contributions
$1,267,125
Change in Net Assets
$965,274

Noncash Contribution Practices

Property subject to holding requirements
Yes
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$900,400County Tax Assessor Value
Total Noncash Contributions1$900,400-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$274,976
Salaries, Compensation, and Employee Benefits$136,190
Total Fundraising Expense$3,497
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$118,794--$118,794
Fees for Services Other$81,467--$81,467
All Other Expenses$14,958$2,753$3,497$21,208
Fees for Services Accounting-$17,237-$17,237
Advertising$8,832--$8,832
Payroll Taxes$8,345--$8,345
Other Expenses$6,422--$6,422
Other Employee Benefits$5,837--$5,837
Office Expenses$2,499$2,948-$5,447
Fees for Services Legal-$3,739-$3,739
Conferences and Meetings$3,351--$3,351
Pension Plan Contributions$3,214--$3,214
Insurance-$1,714-$1,714
Travel$1,159--$1,159
Information Technology-$791-$791
Occupancy-$473-$473
Total Functional Expenses$378,014$29,655$3,497$411,166
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
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

“The compiled financial statements used to prepare the form 990 have been reviewed by each member of the board of directors an unanimously approved by the full board. The form 990 has been verified to the compilation statement by the executive director.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
One Sumter Economic Development
EIN
47-1453325
Phone
2299243042
Address
P O BOX 6714, AMERICUS, GA 31079

Signing Officer

Name
Alex Saratsiotis
Title
Chairman
Phone
2299426532
Signed
2019-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Saratsiotis
Formed
2015
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Chambliss Sheppard Roland & Assoc Llp
Address
PO BOX 1224, AMERICUS, GA 31709-1224
Preparer
Donald R Roland
Phone
2299244456
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“- assisted development authority to develop the comprehensive economic development strategic plan by facilitation, planning and drafting the recommendations and implementation plans - developed a promotional video to showcase assets of sumter county, and incorporate the cohesive brand of "georgia's sumter county: homegrown, world renown" - initiated phase ii capital campaign for (1) economic and community development, (2) education and workforce development, (3) leadership and regioal sustainablilty, and (4) entrepreneurship and talent development.”

Form 990, Part IX, Line 11G

“Nextsite 360 consultant 15,500 0 0 cca-consulting 32,367 0 0 m&c branding & mkting 6,700 0 0 transportation fasibility 26,900 0 0 total 81,467 0 0”

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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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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0LAND AND COMMERCIAL BUILDING RECEIVED AS A DONATION. THE REAL ESTATE IS BEING LEASED FOR 3 YEARS FROM JANUARY 1, 2018 THORUGH DECEMBER 31, 2020 AT 5,000 PER MONTH. LESSEE IS RESPONSIBLE FOR ALL MAINTENANCE, UTILITIES, TAXES (PERSONAL AND PROPERTY), AND INSURANCE. LESSOR SHALL, ON THE LAST DAY OF THE TERM OF THE LEASE AGREEMENT, OR THE LAST DAY OF A RENEWAL TERM, OR ON EARLIER TERMINATION AND FORFEITURE OF THE LEASE, CONVEY GOOD AND MARKETABLE FEE SIMPLE TITLE TO THE LEASED PREMISIS, AND TO ALL IMPROVEMENTS THEREON, TO THE LESSEE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0- ASSISTED DEVELOPMENT AUTHORITY TO DEVELOP THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIC PLAN BY FACILITATION, PLANNING AND DRAFTING THE RECOMMENDATIONS AND IMPLEMENTATION PLANS - DEVELOPED A PROMOTIONAL VIDEO TO SHOWCASE ASSETS OF SUMTER COUNTY, AND INCORPORATE THE COHESIVE BRAND OF "GEORGIA'S SUMTER COUNTY: HOMEGROWN, WORLD RENOWN" - INITIATED PHASE II CAPITAL CAMPAIGN FOR (1) ECONOMIC AND COMMUNITY DEVELOPMENT, (2) EDUCATION AND WORKFORCE DEVELOPMENT, (3) LEADERSHIP AND REGIOAL SUSTAINABLILTY, AND (4) ENTREPRENEURSHIP AND TALENT DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPILED FINANCIAL STATEMENTS USED TO PREPARE THE FORM 990 HAVE BEEN REVIEWED BY EACH MEMBER OF THE BOARD OF DIRECTORS AN UNANIMOUSLY APPROVED BY THE FULL BOARD. THE FORM 990 HAS BEEN VERIFIED TO THE COMPILATION STATEMENT BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEXTSITE 360 CONSULTANT 15,500 0 0 CCA-CONSULTING 32,367 0 0 M&C BRANDING & MKTING 6,700 0 0 TRANSPORTATION FASIBILITY 26,900 0 0 TOTAL 81,467 0 0
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ReasonableCauseExplanation/ExplanationTxt0OUR INDEPENDENT ACCOUNTANT HAD A STROKE IN MAY, 2019 AND WAS UNABLE TO PERFORM HIS DUTIES. WE WERE HOPING HE WOULD MAKE A QUICK RECOVERY, HOWEVER,THAT WILL NOT HAPPEN. WE HAVE SEARCHED FOR A NEW TAX PREPARER AND ONLY SUCCEEDED IN FINDING A REPLACEMENT ON NOVEMBER 15, 2019.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,278,911
Liabilities
$2,772
Net assets
$1,276,139
Revenue
$1,376,440
Expenses
$411,166
Net income
$965,274
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.13$0.42$6.21$6.48$0.27
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.07$0.69$7.61$8.10$0.49
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.02$1.18$1.06$0.34$0.72
2021Detailed filing. Detailed filing data is available for this year.$1.43$0.01$1.42$0.30$0.20$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.34$0.35$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.46$0.33$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$1.38$0.41$0.97
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.42$0.58$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.47$0.36$0.23$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.34$0.04$0.30