Civic Intelligence

Caroline Economic Development Corporation

990 • Fiscal year 2020 • EIN 52-0982021

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 06, 2020

Organization ProfileWWW.CAROLINEBUSINESS.COM
9194 Legion Road Suite 1Denton, MD 21629

(410) 479-0655

Siviq Scores

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

Liabilities / Assets

71st percentile

0.06x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Net Margin

46th percentile

1.9%

Higher net margin than 46% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

11th percentile

-32%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

-12%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$24,778

Down $11,839 (-32%) from 2019

Net Assets

Up

$23,282

Up $2,295 (+11%) from 2019

Liabilities

Down

$1,496

Down $14,134 (-90%) from 2019

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin46th percentile

Revenue

Down

$122,325

Down $15,998 (-12%) from 2019

Expenses

Down

$120,030

Down $11,482 (-8.7%) from 2019

Net Income

Down

$2,295

Down $4,516 (-66%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$150K$100K$50K$0-$50KAssets 2010: $39,135Liabilities 2010: $26,5532010Assets 2011: $43,245Liabilities 2011: $33,3582011Assets 2012: $53,709Liabilities 2012: $39,739Net Assets 2012: $13,9702012Assets 2013: $99,313Liabilities 2013: $106,035Net Assets 2013: -$6,7222013Assets 2014: $95,921Liabilities 2014: $99,005Net Assets 2014: -$3,0842014Assets 2015: $59,031Liabilities 2015: $42,668Net Assets 2015: $16,3632015Assets 2016: $35,792Liabilities 2016: $18,258Net Assets 2016: $17,5342016Assets 2017: $50,997Liabilities 2017: $29,327Net Assets 2017: $21,6702017Assets 2018: $18,159Liabilities 2018: $3,983Net Assets 2018: $14,1762018Assets 2019: $36,617Liabilities 2019: $15,630Net Assets 2019: $20,9872019Assets 2020: $24,778Liabilities 2020: $1,496Net Assets 2020: $23,2822020Assets 2021: $57,313Liabilities 2021: $7,421Net Assets 2021: $49,8922021

Highlighted filing

2020

Assets$24,778
Liabilities$1,496
Net Assets$23,282
Open 2020 Filing

Operations Trend

Revenue Growth52nd percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $276,938Expenses 2010: $303,484Net Income 2010: -$26,5462010Revenue 2011: $334,212Expenses 2011: $336,907Net Income 2011: -$2,6952011Revenue 2012: $353,622Expenses 2012: $349,540Net Income 2012: $4,0822012Revenue 2013: $430,510Expenses 2013: $451,201Net Income 2013: -$20,6912013Revenue 2014: $356,770Expenses 2014: $353,132Net Income 2014: $3,6382014Revenue 2015: $370,086Expenses 2015: $350,639Net Income 2015: $19,4472015Revenue 2016: $345,058Expenses 2016: $343,887Net Income 2016: $1,1712016Revenue 2017: $288,418Expenses 2017: $284,282Net Income 2017: $4,1362017Revenue 2018: $116,736Expenses 2018: $124,230Net Income 2018: -$7,4942018Revenue 2019: $138,323Expenses 2019: $131,512Net Income 2019: $6,8112019Revenue 2020: $122,325Expenses 2020: $120,030Net Income 2020: $2,2952020Revenue 2021: $139,231Expenses 2021: $112,621Net Income 2021: $26,6102021

Highlighted filing

2020

Revenue$122,325
Expenses$120,030
Net Income$2,295
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$122,325
Mission and Program Overview

Mission

Caroline economic development corp. (cedc) exists to foster a diversified local economy that leads to business retention and attraction, job creation and workforce development, and a strong quality of life for the citizens of caroline county, maryland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,409$16,869▲ $2,460
Pledges and Grants Receivable$21,468$7,909▼ $13,559
Prepaid Expenses and Deferred Charges$713$0▼ $713
Land, Buildings, and Equipment, Net$27$0▼ $27
Total Assets$36,617$24,778▼ $11,839
Liabilities
Accounts Payable and Accrued Expenses$15,630$1,496▼ $14,134
Total Liabilities$15,630$1,496▼ $14,134
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,987$23,282▲ $2,295
Total Net Assets Fund Balance$20,987$23,282▲ $2,295
Total Liabilities and Net Assets / Fund Balance$36,617$24,778▼ $11,839

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$2,701$2,701
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Phil LiskePresident
Lynda BladesVice President
Anthony CaseyMember
Dan FranklinMember
Debbie BowdenMember
Debi SewellMember
Don MulrineMember
Jamie BeecheyMember
Jeannette DeludeMember
Jennifer HodgeMember
John PhillipsMember
Tara Hill CourseyMember
Tracey SnyderMember
Cathy SchwabSecretary
Dave WhaleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$120,151
Program Service Revenue
$2,174
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,924
Salaries, Compensation, and Employee Benefits$38,106
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$48,868--$48,868
Other Salaries and Wages$35,375--$35,375
Fees for Services Management$9,738--$9,738
Fees for Services Accounting-$6,378-$6,378
Occupancy$1,787$3,055-$4,842
Payroll Taxes$2,731--$2,731
Insurance$1,553$610-$2,163
Conferences and Meetings$1,361--$1,361
Travel$1,232--$1,232
Office Expenses-$1,060-$1,060
Information Technology$557--$557
Other Expenses$400$174-$174
All Other Expenses$36$135-$171
Depreciation Depletion$27--$27
Total Functional Expenses$108,195$11,835$0$120,030
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
Backup withholding compliance
Yes
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
Yes
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, Part VI, Section B, Line 11B

“A copy of form 990 is made available to the board of directors for review and comment.”

Form 990, Part VI, Section B, Line 15A

“Executive director's compensation is based on comparable salary data and reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and tax filings are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Caroline Economic Development
EIN
52-0982021
Phone
4104790655
Address
9194 LEGION ROAD SUITE 1, DENTON, MD 21629

Signing Officer

Name
Phil Liske
Title
President of the Board
Phone
4104790655
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Liske
Formed
1973
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
0

Preparer

Firm
Accounting Strategies Group LLC
Address
PO BOX 369, PRESTON, MD 21655
Preparer
Lisa K Durham CPA
Phone
4106731384
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Caroline economic development coporation is exempt from federal income taxes under internal revenue code section 501(c)(4). In accordance with fasb asc 740-10, accounting for uncertainty in income taxes, the organization has assessed the likelihood that all tax positions are more likely than not to be sustained upon examination.”

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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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IRS990/ProgramServiceRevenueGrp/Desc0ROOM TAX INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02174
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0135536
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt078350
IRS990/PYOtherRevenueAmt0187
IRS990/PYProgramServiceRevenueAmt02600
IRS990/PYRevenuesLessExpensesAmt06811
IRS990/PYSalariesCompEmpBnftPaidAmt053162
IRS990/PYTotalExpensesAmt0131512
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0138323
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02295
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02174
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02701
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02701
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAROLINE ECONOMIC DEVELOPMENT COPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(4). IN ACCORDANCE WITH FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION HAS ASSESSED THE LIKELIHOOD THAT ALL TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE DIRECTOR'S COMPENSATION IS BASED ON COMPARABLE SALARY DATA AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND TAX FILINGS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt036617
IRS990/TotalAssetsEOYAmt024778
IRS990/TotalAssetsGrp/BOYAmt036617
IRS990/TotalAssetsGrp/EOYAmt024778
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0120151
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011835
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0108195
IRS990/TotalFunctionalExpensesGrp/TotalAmt0120030
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015630
IRS990/TotalLiabilitiesEOYAmt01496
IRS990/TotalLiabilitiesGrp/BOYAmt015630
IRS990/TotalLiabilitiesGrp/EOYAmt01496
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020987
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt023282
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0108195
IRS990/TotalProgramServiceRevenueAmt02174
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02174
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0122325
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036617
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024778
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01232
IRS990/TravelGrp/TotalAmt01232
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09194 LEGION ROAD SUITE 1
IRS990/USAddress/CityNm0DENTON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021629
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.CAROLINEBUSINESS.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PHIL LISKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT OF THE BOARD
ReturnHeader/BusinessOfficerGrp/PhoneNum04104790655
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAROLINE ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CARO
ReturnHeader/Filer/EIN0520982021
ReturnHeader/Filer/PhoneNum04104790655
ReturnHeader/Filer/USAddress/AddressLine1Txt09194 LEGION ROAD SUITE 1
ReturnHeader/Filer/USAddress/CityNm0DENTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021629
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0122B5A24A1368F9B770D233C30485F1FAFBA0968
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.92.151.197
ReturnHeader/FilingSecurityInformation/IPDt02020-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm015:32:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263654652
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACCOUNTING STRATEGIES GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 369
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PRESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021655
ReturnHeader/PreparerPersonGrp/PhoneNum04106731384
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA K DURHAM CPA
ReturnHeader/ReturnTs02020-12-17T08:48:09-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,778
Liabilities
$1,496
Net assets
$23,282
Revenue
$122,325
Expenses
$120,030
Net income
$2,295
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.07$0.50$1.39$1.13$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.23$1.22$1.20$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.16$0.21$1.38$1.32$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.18$0.04$0.14$1.17$1.24$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.29$0.22$2.88$2.84$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.18$0.18$3.45$3.44$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.43$0.16$3.70$3.51$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.99$0.03$3.57$3.53$0.04
2013Summary only. Only limited summary data is available for this year.$0.99$1.06$0.07$4.31$4.51$0.21
2012Summary only. Only limited summary data is available for this year.$0.54$0.40$0.14$3.54$3.50$0.04
2011Summary only. Only limited summary data is available for this year.$0.43$0.33$3.34$3.37$0.03
2010Summary only. Only limited summary data is available for this year.$0.39$0.27$2.77$3.03$0.27