Civic Intelligence

Harrison Area Economic Development Inc

990EZ • Fiscal year 2020 • EIN 51-0157153

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 23, 2021

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

69th percentile

0.07x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

5.04x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

3rd percentile

-259%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

33rd percentile

-6.3%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-31%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$337,835

Down $22,863 (-6.3%) from 2019

Net Assets

Down

$312,835

Down $12,863 (-3.9%) from 2019

Liabilities

Down

$25,000

Down $10,000 (-29%) from 2019

Revenue

Down

$4,958

Down $2,272 (-31%) from 2019

Expenses

Up

$17,821

Up $5,083 (+40%) from 2019

Net Income

Down

-$12,863

Down $7,355 (-134%) from 2019

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

2020

Assets$337,835
Liabilities$25,000
Net Assets$312,835

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

2020

Revenue$4,958
Expenses$17,821
Net Income-$12,863
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 23, 2021
Return Version
2020v4.0
Gross Receipts
$4,958
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$16,392
DEVELOP WELDON PROPERTY INDUSTRIAL PARK$0$1,429
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KRISTINE STEVENSDirector-$0--
CHUCK CHAPMANDirector-$0--
DAN DURGADirectorPT$0--
JEFF HASKELLDirector-$0--
STACY BORNDirectorPT$0--
MAYE ROODDirector-$0--
JC COLVILLEPresident-$0--
PAM O'LAUGHLINVice President-$0--
TRACEY CONNELLYTreasurer-$0--
JUSTIN CAVANAGHSecretary-$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 Connelly
Title
Treasurer
Phone
9895397145
Signed
2021-02-23
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: 2,458.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: miscellaneous. Amount: 2,500.

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

Description: postage/po box. Amount: 67. Description: interest. Amount: 1,429. Description: depreciation, depletion, amortization. Amount: 601. Description: chamber. Amount: 300. Description: license & fees. Amount: 20. Description: corporate sponsorship. Amount: 1,000. Description: website fees. Amount: 36. Description: miscellaneous. Amount: 26. Total to form 990-ez, line 16: 3,479.

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

Description: accounts receivable. Beg. Of year amount: 41,281. End of year amount: 19,839.

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

Description: weldon loan. Beg. Of year amount: 35,000. End of year amount: 25,000.

Raw XML Appendix166 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum09895397145
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HARRISON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KRISTINE STEVENS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHUCK CHAPMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAN DURGA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JEFF HASKELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4STACY BORN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MAYE ROOD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JC COLVILLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7PAM O'LAUGHLIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8TRACEY CONNELLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9JUSTIN CAVANAGH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt041281
IRS990EZ/OtherAssetsTotalDetail/EOYAmt019839
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt03479
IRS990EZ/OtherRevenueTotalAmt02500
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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DEVELOP AIRPORT INDUSTRIAL PARK
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1DEVELOP WELDON PROPERTY INDUSTRIAL PARK
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt016392
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt11429
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt035000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt025000
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt017821
IRS990EZ/TotalProgramServiceExpensesAmt017821
IRS990EZ/TotalRevenueAmt04958
IRS990EZ/TypeOfOrganizationOtherDesc0NONPROFIT CORPORATION
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 2,458.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MISCELLANEOUS. AMOUNT: 2,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: POSTAGE/PO BOX. AMOUNT: 67. DESCRIPTION: INTEREST. AMOUNT: 1,429. DESCRIPTION: DEPRECIATION, DEPLETION, AMORTIZATION. AMOUNT: 601. DESCRIPTION: CHAMBER. AMOUNT: 300. DESCRIPTION: LICENSE & FEES. AMOUNT: 20. DESCRIPTION: CORPORATE SPONSORSHIP. AMOUNT: 1,000. DESCRIPTION: WEBSITE FEES. AMOUNT: 36. DESCRIPTION: MISCELLANEOUS. AMOUNT: 26. TOTAL TO FORM 990-EZ, LINE 16: 3,479.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 41,281. END OF YEAR AMOUNT: 19,839.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: WELDON LOAN. BEG. OF YEAR AMOUNT: 35,000. END OF YEAR AMOUNT: 25,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRACEY CONNELLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09895397145
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-23
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/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/PreparationDt02021-02-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLY BROWNING CPA
ReturnHeader/ReturnTs02021-03-12T10:27:30-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TRACEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CONNELLY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)6 • <$500k nonprofits