Civic Intelligence

One Sumter Economic Development Foundation Inc.

990 • Fiscal year 2023 • EIN 47-1453325

Jan 01, 2023 to Dec 31, 2023 • Filed on Dec 23, 2024

Organization ProfileONESUMTER.ORG
PO Box 6714Americus, GA 31709

(229) 924-3042

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.09x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

26th percentile

-6.4%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

2nd percentile

-37%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

617%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$757,308

Down $443,990 (-37%) from 2022

Net Assets

Down

$692,308

Down $488,990 (-41%) from 2022

Liabilities

Up

$65,000

Up $45,000 (+225%) from 2022

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin26th percentile

Revenue

Up

$7,610,491

Up $6,549,565 (+617%) from 2022

Expenses

Up

$8,099,481

Up $7,758,209 (+2273%) from 2022

Net Income

Down

-$488,990

Down $1,208,644 (-168%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2023

Assets$757,308
Liabilities$65,000
Net Assets$692,308
Open 2023 Filing

Operations Trend

Revenue Growth98th 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

2023

Revenue$7,610,491
Expenses$8,099,481
Net Income-$488,990
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Dec 23, 2024
Return Version
2023v6.0
Gross Receipts
$7,610,491
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$528,619$321,973▼ $206,646
Pledges and Grants Receivable$2,450$310,849▲ $308,399
Investments Other Securities$900,400$122,485▼ $777,915
Investments in Publicly Traded Securities-$2,001-
Accounts Receivable$25--
Total Assets$1,431,494$757,308▼ $674,186
Liabilities
Other Liabilities-$50,000-
Unsecured Notes Loans Payable$8,154$15,000▲ $6,846
Accounts Payable and Accrued Expenses$2,316--
Total Liabilities$10,470$65,000▲ $54,530
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,421,024$381,459▼ $1,039,565
Net Assets With Donor Restrictions-$310,849-
Total Net Assets Fund Balance$1,421,024$692,308▼ $728,716
Total Liabilities and Net Assets / Fund Balance$1,431,494$757,308▼ $674,186

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$122,485--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Alex SaratsiotisChairman
Lewis WebbVice Chair
Dr Alex RiccardiBoard Member
Rene SmithBoard Member
Mary Beth BrownleeSecretary
Bill Harris JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,055
Program Service Revenue
$0
Investment Income
$1,058
Other Revenue
$7,546,378
All Other Contributions
$63,055
Change in Net Assets
$-488,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,952,198
Salaries, Compensation, and Employee Benefits$147,283
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$136,048--$136,048
All Other Expenses$28,204$1,605-$29,809
Other Expenses$25,000$7,565,189-$25,000
Advertising$19,555--$19,555
Fees for Services Legal-$16,413-$16,413
Office Expenses$13,154--$13,154
Payroll Taxes$8,229--$8,229
Insurance-$3,357-$3,357
Pension Plan Contributions$3,006--$3,006
Fees for Services Accounting-$2,371-$2,371
Total Functional Expenses$510,546$7,588,935$0$8,099,481
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$50,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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

“The compiled financial satements used to prapre the form 990 have been reviewed by each member of the board of directors and 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 12C

“Policies are reviewed and signed off on by board members and officers of the foundation.”

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
PO BOX 6714, AMERICUS, GA 31709

Signing Officer

Name
Alex Saratsiotis
Title
Chairman
Phone
2299243042
Signed
2024-12-23
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
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Johnny T Mcginnis
Phone
4787466277
Supplemental Narrative

Additional Explanations

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

“- provided administrative support for the ingnit college and carrer academy, the growth 2024 campaign, the stock photography library, websit redesign, partnership with south georgia leads regional leadership development program by sponsoring a south georgia representative, and established a census complete count committee”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPILED FINANCIAL SATEMENTS USED TO PRAPRE THE FORM 990 HAVE BEEN REVIEWED BY EACH MEMBER OF THE BOARD OF DIRECTORS AND UNANIMOUSLY APPROVED BY THE FULL BOARD. THE FORM 990 HAS BEEN VERIFIED TO THE COMPILATION STATEMENT BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICIES ARE REVIEWED AND SIGNED OFF ON BY BOARD MEMBERS AND OFFICERS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
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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
$757,308
Liabilities
$65,000
Net assets
$692,308
Revenue
$7,610,491
Expenses
$8,099,481
Net income
-$488,990
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