Civic Intelligence

Southwest Johnson County Economic Development Corporation

990 • Fiscal year 2016 • EIN 48-1131265

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 13, 2017

PO Box 456Gardner, KS 66030

(913) 764-6566

Siviq Scores

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

Liabilities / Assets

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

38th percentile

-1.2%

Higher net margin than 38% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$139,343

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 50.1% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

11th percentile

-31%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

48th percentile

0.2%

Faster revenue growth than 48% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$7,634

Down $3,375 (-31%) from 2015

Net Assets

Down

$7,634

Down $3,375 (-31%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$277,873

Up $612 (+0.2%) from 2015

Expenses

Down

$281,248

Down $26,599 (-8.6%) from 2015

Net Income

Up

-$3,375

Up $27,211 (+89%) from 2015

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2010: $124,227Liabilities 2010: $0Net Assets 2010: $124,2272010Assets 2011: $78,665Liabilities 2011: $0Net Assets 2011: $78,6652011Assets 2012: $47,166Liabilities 2012: $0Net Assets 2012: $47,1662012Assets 2013: $50,155Liabilities 2013: $0Net Assets 2013: $50,1552013Assets 2014: $41,595Liabilities 2014: $0Net Assets 2014: $41,5952014Assets 2015: $11,009Liabilities 2015: $0Net Assets 2015: $11,0092015Assets 2016: $7,634Liabilities 2016: $0Net Assets 2016: $7,6342016Assets 2017: $11,780Liabilities 2017: $2,070Net Assets 2017: $9,7102017Assets 2018: $11,341Liabilities 2018: $19,257Net Assets 2018: -$7,9162018Assets 2019: $10,057Liabilities 2019: $19,033Net Assets 2019: -$8,9762019Assets 2020: $15,096Liabilities 2020: $14,534Net Assets 2020: $5622020Assets 2022: $21,305Liabilities 2022: $6,949Net Assets 2022: $14,3562022

Highlighted filing

2016

Assets$7,634
Liabilities$0
Net Assets$7,634

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $219,9212010Expenses 2011: $276,8652011Expenses 2012: $224,7322012Revenue 2013: $230,130Expenses 2013: $233,249Net Income 2013: -$3,1192013Revenue 2014: $245,695Expenses 2014: $254,255Net Income 2014: -$8,5602014Revenue 2015: $277,261Expenses 2015: $307,847Net Income 2015: -$30,5862015Revenue 2016: $277,873Expenses 2016: $281,248Net Income 2016: -$3,3752016Revenue 2017: $269,398Expenses 2017: $267,322Net Income 2017: $2,0762017Revenue 2018: $269,763Expenses 2018: $287,389Net Income 2018: -$17,6262018Revenue 2019: $302,439Expenses 2019: $303,499Net Income 2019: -$1,0602019Revenue 2020: $337,138Expenses 2020: $327,600Net Income 2020: $9,5382020Revenue 2022: $334,636Expenses 2022: $350,056Net Income 2022: -$15,4202022

Highlighted filing

2016

Revenue$277,873
Expenses$281,248
Net Income-$3,375
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 13, 2017
Return Version
2016v3.0
Gross Receipts
$277,873
Mission and Program Overview

Mission

Stimulate economic growth by demonstrating to new and existing companies the unique business advantage of a southwest johnson county location.

Stimulate economic growth by demonstrating to new and existing companies the unique business advantage of southwest johnson county location.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,009$7,634▼ $3,375
Rtn Earn Endowment Incm Other Fnds$11,009$7,634▼ $3,375
Total Assets$11,009$7,634▼ $3,375
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,009$7,634▼ $3,375
Total Liabilities and Net Assets / Fund Balance$11,009$7,634▼ $3,375
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg MartinetteDirectorFT$129,231$10,112$139,343
Revenue and Support

Revenue Composition

Contributions and Grants
$277,873
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$39,698
Change in Net Assets
$-3,375
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,529
Other Expenses$131,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$139,343--$139,343
Advertising$73,516--$73,516
Payroll Taxes$10,186--$10,186
Office Expenses$9,090--$9,090
Conferences and Meetings$6,924--$6,924
Travel$6,261--$6,261
Fees for Services Accounting$5,871--$5,871
Fees for Services Other$5,000--$5,000
Insurance$2,207--$2,207
Information Technology$1,825--$1,825
Other Expenses$81--$81
Total Functional Expenses$281,248$0$0$281,248
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
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Section 1. Membership. The membership of this corporation shall be composed of two categories, to-wit: governmental and private sector. The founding governmental entities which hold a membership in this corporation shall be the city of gardner, kansas, and the johnson county airport commission, an agency of johnson county, kansas, both of whom shall contribute annual dues to the corporation. The gardner-edgerton-antioch unified school district no. 231 shall also hold a membership in the corporation, however it shall not be required to pay dues so long as it is restricted from doing so by law. The individual levels are as follows: platinum level gold level silver level bronze level

Form 990, Page 6, Part VI, Line 7B

Subject to limitations of the articles of incorporation, of the bylaws, and of the kansas corporation code as to action which shall be authorized or approved by members, and subject to the duties of directors as prescribed by the bylaws; all corporate powers shall be exercised by or under of, and the business and affairs of the corporation shall be controlled by the board of directors.

Form 990, Page 6, Part VI, Line 11B

The board of directors shall appoint an executive committee to be composed of the chairman, vice-chairman, secretary/treasurer and the immediate past chairman of the corporation. The immediate past chairman, or in his absense, the chairman, shall chair said committee. The president shall be an ex-officio member of the committee. The duties of the committee shall include, but not be limited to: to oversee the operations of the corporation; to approve a plan of work for and oversee the work of the president, to oversee the current budget and approve a proposed budget for the upcoming year; to meet with prospective members of the corporation, to to meet with prospective economic investors when asked to do so by the president and to deal with the concerns of the membership.

Form 990, Page 6, Part VI, Line 12C

For any information pertaining to theis matter, the books are in care pete spratlin at c squared business solutions.

Form 990, Page 6, Part VI, Line 15A

Except fror the president, who shall be an employee of the corporation, officers shall not recieve any compensation for serving as an officer of the corporation. Officers may be reimbursed for reasonable out-of-pocket expensesincurred in the performance of their duties as officers, such reimbursements be subject to the approval of a majority of the directors. Nothing herein contained shall be costrued to preclude any officer from serving the corporation in any other capacity as an agent, employee or otherwise, and receiving compensation therefor.

Form 990, Page 6, Part VI, Line 15B

There are no other key employees that are compensated

Form 990, Page 6, Part VI, Line 19

All governing documents are released as inquired for and by the public. Certain yearly documents are made public on teh web site, others will be dispersed at the request of the public.

Filing and Contact Details

Filer

Filer Name
Southwest Johnson Co Economic Dev
EIN
48-1131265
Phone
9137646566
Address
PO BOX 456, GARDNER, KS 66030

Signing Officer

Name
Greg Martinette
Title
Director
Phone
9137646566
Signed
2017-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Martinette
Formed
2009
Legal Domicile
Ks
Voting Board Members
15
Independent Board Members
0
Employees
1

Preparer

Firm
C Squared Business Solutions LLC
Address
9120 W 135TH ST STE 204, OVERLAND PARK, KS 66221-2006
Preparer
Charlie Isaacson
Phone
9138318510
Supplemental Narrative

Additional Explanations

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

Stimulate economic growth by demonstrating to new and existing companies the unique business advantage of a southwest johnson county location.

Form 990, Part XI, Line 9

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STIMULATE ECONOMIC GROWTH BY DEMONSTRATING TO NEW AND EXISTING COMPANIES THE UNIQUE BUSINESS ADVANTAGE OF A SOUTHWEST JOHNSON COUNTY LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SECTION 1. MEMBERSHIP. THE MEMBERSHIP OF THIS CORPORATION SHALL BE COMPOSED OF TWO CATEGORIES, TO-WIT: GOVERNMENTAL AND PRIVATE SECTOR. THE FOUNDING GOVERNMENTAL ENTITIES WHICH HOLD A MEMBERSHIP IN THIS CORPORATION SHALL BE THE CITY OF GARDNER, KANSAS, AND THE JOHNSON COUNTY AIRPORT COMMISSION, AN AGENCY OF JOHNSON COUNTY, KANSAS, BOTH OF WHOM SHALL CONTRIBUTE ANNUAL DUES TO THE CORPORATION. THE GARDNER-EDGERTON-ANTIOCH UNIFIED SCHOOL DISTRICT NO. 231 SHALL ALSO HOLD A MEMBERSHIP IN THE CORPORATION, HOWEVER IT SHALL NOT BE REQUIRED TO PAY DUES SO LONG AS IT IS RESTRICTED FROM DOING SO BY LAW. THE INDIVIDUAL LEVELS ARE AS FOLLOWS: PLATINUM LEVEL GOLD LEVEL SILVER LEVEL BRONZE LEVEL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUBJECT TO LIMITATIONS OF THE ARTICLES OF INCORPORATION, OF THE BYLAWS, AND OF THE KANSAS CORPORATION CODE AS TO ACTION WHICH SHALL BE AUTHORIZED OR APPROVED BY MEMBERS, AND SUBJECT TO THE DUTIES OF DIRECTORS AS PRESCRIBED BY THE BYLAWS; ALL CORPORATE POWERS SHALL BE EXERCISED BY OR UNDER OF, AND THE BUSINESS AND AFFAIRS OF THE CORPORATION SHALL BE CONTROLLED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS SHALL APPOINT AN EXECUTIVE COMMITTEE TO BE COMPOSED OF THE CHAIRMAN, VICE-CHAIRMAN, SECRETARY/TREASURER AND THE IMMEDIATE PAST CHAIRMAN OF THE CORPORATION. THE IMMEDIATE PAST CHAIRMAN, OR IN HIS ABSENSE, THE CHAIRMAN, SHALL CHAIR SAID COMMITTEE. THE PRESIDENT SHALL BE AN EX-OFFICIO MEMBER OF THE COMMITTEE. THE DUTIES OF THE COMMITTEE SHALL INCLUDE, BUT NOT BE LIMITED TO: TO OVERSEE THE OPERATIONS OF THE CORPORATION; TO APPROVE A PLAN OF WORK FOR AND OVERSEE THE WORK OF THE PRESIDENT, TO OVERSEE THE CURRENT BUDGET AND APPROVE A PROPOSED BUDGET FOR THE UPCOMING YEAR; TO MEET WITH PROSPECTIVE MEMBERS OF THE CORPORATION, TO TO MEET WITH PROSPECTIVE ECONOMIC INVESTORS WHEN ASKED TO DO SO BY THE PRESIDENT AND TO DEAL WITH THE CONCERNS OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOR ANY INFORMATION PERTAINING TO THEIS MATTER, THE BOOKS ARE IN CARE PETE SPRATLIN AT C SQUARED BUSINESS SOLUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXCEPT FROR THE PRESIDENT, WHO SHALL BE AN EMPLOYEE OF THE CORPORATION, OFFICERS SHALL NOT RECIEVE ANY COMPENSATION FOR SERVING AS AN OFFICER OF THE CORPORATION. OFFICERS MAY BE REIMBURSED FOR REASONABLE OUT-OF-POCKET EXPENSESINCURRED IN THE PERFORMANCE OF THEIR DUTIES AS OFFICERS, SUCH REIMBURSEMENTS BE SUBJECT TO THE APPROVAL OF A MAJORITY OF THE DIRECTORS. NOTHING HEREIN CONTAINED SHALL BE COSTRUED TO PRECLUDE ANY OFFICER FROM SERVING THE CORPORATION IN ANY OTHER CAPACITY AS AN AGENT, EMPLOYEE OR OTHERWISE, AND RECEIVING COMPENSATION THEREFOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE ARE NO OTHER KEY EMPLOYEES THAT ARE COMPENSATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL GOVERNING DOCUMENTS ARE RELEASED AS INQUIRED FOR AND BY THE PUBLIC. CERTAIN YEARLY DOCUMENTS ARE MADE PUBLIC ON TEH WEB SITE, OTHERS WILL BE DISPERSED AT THE REQUEST OF THE PUBLIC.
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ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0481131265
ReturnHeader/Filer/PhoneNum09137646566
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 456
ReturnHeader/Filer/USAddress/CityNm0GARDNER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd066030
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FE0E42FD33A10B4036E3EA08CF73A5A9FF276ED2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FE0E42FD33A10B4036E3EA08CF73A5A9FF276ED2
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260425322
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0C SQUARED BUSINESS SOLUTIONS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09120 W 135TH ST STE 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OVERLAND PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0662212006
ReturnHeader/PreparerPersonGrp/PhoneNum09138318510
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLIE ISAACSON
ReturnHeader/ReturnTs02017-03-13T20:58:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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