Civic Intelligence

Harrison Area Economic Development Inc

990EZ • Fiscal year 2017 • EIN 51-0157153

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 15, 2018

PO Box 337Harrison, MI 48625

(989) 539-7145

Siviq Scores

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

Liabilities / Assets

77th percentile

0.14x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

3.24x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

40th percentile

-0.9%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

30th percentile

-7.5%

Faster asset growth than 30% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-34%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$400,461

Down $32,624 (-7.5%) from 2016

Net Assets

$344,965

No earlier filing loaded for comparison.

Liabilities

Down

$55,496

Down $32,476 (-37%) from 2016

Revenue

Down

$17,111

Down $8,721 (-34%) from 2016

Expenses

Down

$17,259

Down $2,021 (-10%) from 2016

Net Income

Down

-$148

Down $6,700 (-102%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $439,017Liabilities 2015: $103,442Net Assets 2015: $335,5752015Assets 2016: $433,085Liabilities 2016: $87,9722016Assets 2017: $400,461Liabilities 2017: $55,496Net Assets 2017: $344,9652017Assets 2018: $376,206Liabilities 2018: $45,000Net Assets 2018: $331,2062018Assets 2019: $360,698Liabilities 2019: $35,000Net Assets 2019: $325,6982019Assets 2020: $337,835Liabilities 2020: $25,000Net Assets 2020: $312,8352020Assets 2021: $317,484Liabilities 2021: $15,000Net Assets 2021: $302,4842021Assets 2022: $295,761Liabilities 2022: $0Net Assets 2022: $295,7612022Assets 2023: $288,426Liabilities 2023: $02023

Highlighted filing

2017

Assets$400,461
Liabilities$55,496
Net Assets$344,965

Operations Trend

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

$30K$20K$10K$0-$10K-$20KRevenue 2015: $20,566Expenses 2015: $16,323Net Income 2015: $4,2432015Revenue 2016: $25,832Expenses 2016: $19,280Net Income 2016: $6,5522016Revenue 2017: $17,111Expenses 2017: $17,259Net Income 2017: -$1482017Revenue 2018: $9,396Expenses 2018: $23,155Net Income 2018: -$13,7592018Revenue 2019: $7,230Expenses 2019: $12,738Net Income 2019: -$5,5082019Revenue 2020: $4,958Expenses 2020: $17,821Net Income 2020: -$12,8632020Revenue 2021: $350Expenses 2021: $10,701Net Income 2021: -$10,3512021Revenue 2022: $2Expenses 2022: $6,725Net Income 2022: -$6,7232022Revenue 2023: $0Expenses 2023: $7,335Net Income 2023: -$7,3352023

Highlighted filing

2017

Revenue$17,111
Expenses$17,259
Net Income-$148
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 15, 2018
Return Version
2017v2.2
Gross Receipts
$17,111
Mission and Program Overview

Mission

To enter into any kind of activity, to promote and manage and administer the affairs of an industrial park in the harrison area. To encourage and promote the industrial growth of the city of harrison.

Program Services

DescriptionGrantsExpenses
DEVELOP AIRPORT INDUSTRIAL PARK$0$12,653
DEVELOP WELDON PROPERTY INDUSTRIAL PARK$0$4,007
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES COLVILLEPresidentPT$0--
KATHRYN METHNERVice President-$0--
TRACEY CONNELLYTreasurerPT$0--
KATIE ABBATESecretary-$0--
JIM GELIOSDirector-$0--
DON HASKINDirector-$0--
CHARLES CHAPMANDirector-$0--
CONNIE BLATTDirector-$0--
CATHY LABADIEDirector-$0--
MAYE ROODDirector-$0--
LORI WAREDirector-$0--
Filing and Contact Details

Filer

Filer Name
Harrison Area Economic Development Inc
EIN
51-0157153
Phone
9895397145
Address
PO BOX 337, HARRISON, MI 48625

Signing Officer

Name
Tracey Beadle
Title
Treasurer
Phone
9895397145
Signed
2018-03-15
Discuss with paid preparer
Yes

Preparer

Firm
Weinlander Fitzhugh Pc
Address
601 BEECH ST, CLARE, MI 48617
Preparer
Shelly Browning CPA
Phone
9893863481
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 6,411.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: postage/po box. Amount: 46. Description: interest. Amount: 4,007. Description: depreciation, depletion, amortization. Amount: 601. Description: chamber bah. Amount: 300. Description: license & fees. Amount: 60. Description: loan fees. Amount: 1,254. Total to form 990-ez, line 16: 6,268.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 94,003. End of year amount: 77,495.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: weldon loan. Beg. Of year amount: 87,972. End of year amount: 55,000. Description: accrued interest. Beg. Of year amount: 0. End of year amount: 496.

Raw XML Appendix172 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TRACEY BEADLE
IRS990EZ/BooksInCareOfDetail/PhoneNum09895397145
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0229 E BEECH STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HARRISON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048625
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0339082
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0322966
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IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0568
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IRS990EZ/ForeignOfficeInd00
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IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt06411
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt0344965
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0345113
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0344965
IRS990EZ/OccupancyRentUtltsAndMaintAmt010423
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMES COLVILLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KATHRYN METHNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TRACEY CONNELLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KATIE ABBATE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JIM GELIOS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DON HASKIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6CHARLES CHAPMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7CONNIE BLATT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8CATHY LABADIE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9MAYE ROOD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10LORI WARE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt094003
IRS990EZ/OtherAssetsTotalDetail/EOYAmt077495
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt06268
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO ENTER INTO ANY KIND OF ACTIVITY, TO PROMOTE AND MANAGE AND ADMINISTER THE AFFAIRS OF AN INDUSTRIAL PARK IN THE HARRISON AREA. TO ENCOURAGE AND PROMOTE THE INDUSTRIAL GROWTH OF THE CITY OF HARRISON.
IRS990EZ/ProgramServiceRevenueAmt010700
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DEVELOP AIRPORT INDUSTRIAL PARK
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1DEVELOP WELDON PROPERTY INDUSTRIAL PARK
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012653
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt14007
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt087972
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt055496
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt017259
IRS990EZ/TotalProgramServiceExpensesAmt016660
IRS990EZ/TotalRevenueAmt017111
IRS990EZ/TypeOfOrganizationOtherDesc0NONPROFIT CORPORATION
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 6,411.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: POSTAGE/PO BOX. AMOUNT: 46. DESCRIPTION: INTEREST. AMOUNT: 4,007. DESCRIPTION: DEPRECIATION, DEPLETION, AMORTIZATION. AMOUNT: 601. DESCRIPTION: CHAMBER BAH. AMOUNT: 300. DESCRIPTION: LICENSE & FEES. AMOUNT: 60. DESCRIPTION: LOAN FEES. AMOUNT: 1,254. TOTAL TO FORM 990-EZ, LINE 16: 6,268.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 94,003. END OF YEAR AMOUNT: 77,495.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: WELDON LOAN. BEG. OF YEAR AMOUNT: 87,972. END OF YEAR AMOUNT: 55,000. DESCRIPTION: ACCRUED INTEREST. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 496.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRACEY BEADLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09895397145
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HARRISON AREA ECONOMIC DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0HARR
ReturnHeader/Filer/EIN0510157153
ReturnHeader/Filer/PhoneNum09895397145
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 337
ReturnHeader/Filer/USAddress/CityNm0HARRISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048625
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId088982497ADD894EB0027972015210E54726CEB2B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B9B55ACEAE6EA831747305C74DD78264F3DCC293
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.180.77.238
ReturnHeader/FilingSecurityInformation/IPDt02018-03-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:53:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382272300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEINLANDER FITZHUGH PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0601 BEECH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048617
ReturnHeader/PreparerPersonGrp/PhoneNum09893863481
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLY BROWNING CPA
ReturnHeader/ReturnTs02018-04-09T12:15:22-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings