Civic Intelligence

Lincoln Economic Development Authority

990 • Fiscal year 2018 • EIN 55-0733263

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 01, 2018

PO Box 100West Hamlin, WV 25571

(304) 824-2244

Siviq Scores

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

Liabilities / Assets

49th percentile

0.07x

Higher debt load relative to assets than 49% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

1.16x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

1st percentile

-120%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

47th percentile

$43,025

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 96.4% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

18th percentile

-10.0%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-42%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$787,015

Down $87,062 (-10.0%) from 2017

Net Assets

Down

$735,130

Down $58,564 (-7.4%) from 2017

Liabilities

Down

$51,885

Down $28,498 (-35%) from 2017

Revenue

Down

$44,610

Down $31,893 (-42%) from 2017

Expenses

Down

$98,035

Down $30,665 (-24%) from 2017

Net Income

Down

-$53,425

Down $1,228 (-2.4%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $879,402Liabilities 2011: $15,421Net Assets 2011: $863,9812011Assets 2012: $868,330Liabilities 2012: $97,240Net Assets 2012: $771,0902012Assets 2013: $896,200Liabilities 2013: $30,048Net Assets 2013: $866,1522013Assets 2014: $858,006Liabilities 2014: $19,429Net Assets 2014: $838,5772014Assets 2015: $857,991Liabilities 2015: $21,043Net Assets 2015: $836,9482015Assets 2016: $900,990Liabilities 2016: $41,662Net Assets 2016: $859,3282016Assets 2017: $874,077Liabilities 2017: $80,383Net Assets 2017: $793,6942017Assets 2018: $787,015Liabilities 2018: $51,885Net Assets 2018: $735,1302018Assets 2019: $736,050Liabilities 2019: $50,524Net Assets 2019: $685,5262019Assets 2020: $766,286Liabilities 2020: $87,266Net Assets 2020: $679,0202020Assets 2021: $735,373Liabilities 2021: $101,673Net Assets 2021: $633,7002021Assets 2022: $709,949Liabilities 2022: $115,982Net Assets 2022: $593,9672022Assets 2023: $623,292Liabilities 2023: $81,981Net Assets 2023: $541,3112023Assets 2024: $672,117Liabilities 2024: $76,241Net Assets 2024: $595,8762024Assets 2025: $884,876Liabilities 2025: $206,516Net Assets 2025: $678,3602025

Highlighted filing

2018

Assets$787,015
Liabilities$51,885
Net Assets$735,130

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2011: $91,180Expenses 2011: $97,877Net Income 2011: -$6,6972011Revenue 2012: $86,438Expenses 2012: $194,557Net Income 2012: -$108,1192012Revenue 2013: $128,191Expenses 2013: $97,037Net Income 2013: $31,1542013Revenue 2014: $82,104Expenses 2014: $109,361Net Income 2014: -$27,2572014Revenue 2015: $96,701Expenses 2015: $98,331Net Income 2015: -$1,6302015Revenue 2016: $114,039Expenses 2016: $104,946Net Income 2016: $9,0932016Revenue 2017: $76,503Expenses 2017: $128,700Net Income 2017: -$52,1972017Revenue 2018: $44,610Expenses 2018: $98,035Net Income 2018: -$53,4252018Revenue 2019: $43,687Expenses 2019: $99,847Net Income 2019: -$56,1602019Revenue 2020: $40,535Expenses 2020: $86,944Net Income 2020: -$46,4092020Revenue 2021: $34,826Expenses 2021: $80,146Net Income 2021: -$45,3202021Revenue 2022: $43,941Expenses 2022: $83,675Net Income 2022: -$39,7342022Revenue 2023: $43,115Expenses 2023: $95,890Net Income 2023: -$52,7752023Revenue 2024: $146,720Expenses 2024: $92,155Net Income 2024: $54,5652024Revenue 2025: $182,673Expenses 2025: $100,322Net Income 2025: $82,3512025

Highlighted filing

2018

Revenue$44,610
Expenses$98,035
Net Income-$53,425
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 1, 2018
Return Version
2017v2.2
Gross Receipts
$44,610
Mission and Program Overview

Mission

Provide economic development services and loans to residents of Lincoln County West Virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$434,302$432,970▼ $1,332
Savings and Temporary Cash Investments$380,160$315,799▼ $64,361
Other Notes and Loans Receivable, Net$40,868$35,197▼ $5,671
Prepaid Expenses and Deferred Charges$198$191▼ $7
Cash and Non-Interest-Bearing Accounts$41$126▲ $85
Total Assets$874,077$787,015▼ $87,062
Other Assets Total$18,508$2,732▼ $15,776
Liabilities
Other Liabilities$39,656$27,808▼ $11,848
Deferred Revenue$18,103$14,477▼ $3,626
Accounts Payable and Accrued Expenses$22,624$9,600▼ $13,024
Total Liabilities$80,383$51,885▼ $28,498
Net Assets / Fund Balance
Unrestricted Net Assets$536,888$506,822▼ $30,066
Temporarily Rstr Net Assets$256,806$228,308▼ $28,498
Total Net Assets Fund Balance$793,694$735,130▼ $58,564
Total Liabilities and Net Assets / Fund Balance$874,077$787,015▼ $87,062

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,505$6,829-
Land$403,281--
Equipment$184$14,617-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry StutlerExecutive DirectorFT$38,587$4,438$43,025

Board Members and Trustees

NameTitle
Josh StowersPresident
Gary MccallisterVice President
Austin LucasDirector
Charles VanceDirector
Jerry CremeansDirector
Paula NelsonDirector
Ralph TriplettDirector
Richard HeltonDirector
Rick RyanDirector
Zachery MaynardDirector
Evelyn CartrightSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,575
Program Service Revenue
$5,558
Investment Income
$5,275
Other Revenue
$4,202
All Other Contributions
$7,858
Change in Net Assets
$-53,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$69,300
Other Expenses$28,735
Total Fundraising Expense$4,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$34,729$1,929$1,929$38,587
Other Salaries and Wages$8,943$12,297$1,118$22,358
Occupancy$5,790$1,544$386$7,720
Payroll Taxes$3,203$1,868$267$5,338
Travel$3,063$817$204$4,084
Fees for Services Accounting$2,741$913-$3,654
Other Expenses$3,625$53$51$3,625
Pension Plan Contributions$1,810$1,056$151$3,017
Insurance$2,004$534$134$2,672
Advertising$1,830--$1,830
Information Technology$1,158$309$77$1,544
Depreciation Depletion-$1,332-$1,332
Office Expenses$719$192$48$959
Conferences and Meetings-$174-$174
Fees for Services Other$74--$74
Total Functional Expenses$70,449$23,221$4,365$98,035
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
Net Pension Liability$18,736
Deferred Inflow of Resources$6,855
Payroll Taxes$2,217
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Lincoln Economic Development Authority
EIN
55-0733263
Phone
3048242244
Address
PO Box 100, West Hamlin, WV 25571

Signing Officer

Name
Larry L Stutler
Title
Executive Director
Phone
3048242244
Signed
2018-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Stowers
Formed
1987
Legal Domicile
Wv
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
0

Preparer

Firm
Helen Marcum CPA Ac
Address
340 Tango Road, Yawkey, WV 25573
Preparer
Helen Marcum CPA
Phone
3045247012
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Form 990 is reviewed by the board president and the finance committee prior to submission. The full board reviews the Form 990 at the next board meeting.

Pt VI, Line 12C

The Lincoln EDA has a Code of Ethics which each board memeber is required to sign. The first section is Conflict of interest for board members and staff. The content is reviewed annual and enforcement provisions include investigation by Executive Commitee of any infractions, further investigation by the special committe of four board members and executive director.

Pt XI

Change in beginning balance of fund assets for the recognition of the net difference in pension fund assets and liabilities due to GASB 68.

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035197
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0267
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01868
IRS990/PayrollTaxesGrp/ProgramServicesAmt03203
IRS990/PayrollTaxesGrp/TotalAmt05338
IRS990/PensionPlanContributionsGrp/FundraisingAmt0151
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01056
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01810
IRS990/PensionPlanContributionsGrp/TotalAmt03017
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0198
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0191
IRS990/PrincipalOfficerNm0JOSH STOWERS
IRS990/PriorPeriodAdjustmentsAmt0-5139
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt059905
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05272
IRS990/PYOtherExpensesAmt050924
IRS990/PYOtherRevenueAmt04201
IRS990/PYProgramServiceRevenueAmt07125
IRS990/PYRevenuesLessExpensesAmt0-52197
IRS990/PYSalariesCompEmpBnftPaidAmt077776
IRS990/PYTotalExpensesAmt0128700
IRS990/PYTotalRevenueAmt076503
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-53425
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04202
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0380160
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0315799
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt029505
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06829
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt036334
IRS990ScheduleD/EquipmentGrp/BookValueAmt0184
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014617
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt014801
IRS990ScheduleD/LandGrp/BookValueAmt0403281
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0403281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16855
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22217
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0432970
IRS990ScheduleD/TotalLiabilityAmt027808
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the board president and the finance committee prior to submission. The full board reviews the Form 990 at the next board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Lincoln EDA has a Code of Ethics which each board memeber is required to sign. The first section is Conflict of interest for board members and staff. The content is reviewed annual and enforcement provisions include investigation by Executive Commitee of any infractions, further investigation by the special committe of four board members and executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Change in beginning balance of fund assets for the recognition of the net difference in pension fund assets and liabilities due to GASB 68.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0256806
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0228308
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0874077
IRS990/TotalAssetsEOYAmt0787015
IRS990/TotalAssetsGrp/BOYAmt0874077
IRS990/TotalAssetsGrp/EOYAmt0787015
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt029575
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04365
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023221
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070449
IRS990/TotalFunctionalExpensesGrp/TotalAmt098035
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt080383
IRS990/TotalLiabilitiesEOYAmt051885
IRS990/TotalLiabilitiesGrp/BOYAmt080383
IRS990/TotalLiabilitiesGrp/EOYAmt051885
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0793694
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0735130
IRS990/TotalOtherCompensationAmt04438
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt05558
IRS990/TotalProgramServiceRevenueAmt05558
IRS990/TotalReportableCompFromOrgAmt038587
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015035
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt044610
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0874077
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0787015
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt0204
IRS990/TravelGrp/ManagementAndGeneralAmt0817
IRS990/TravelGrp/ProgramServicesAmt03063
IRS990/TravelGrp/TotalAmt04084
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0536888
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0506822
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04293 Coal River Rd
IRS990/USAddress/CityNm0Alum Creek
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025003
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0www.lincolneda.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY L STUTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03048242244
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lincoln Economic Development Authority
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0550733263
ReturnHeader/Filer/PhoneNum03048242244
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 100
ReturnHeader/Filer/USAddress/CityNm0West Hamlin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd025571
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EC087D691F501819045B2843B0331E93DFBD2FCA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EC087D691F501819045B2843B0331E93DFBD2FCA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.53.48.73
ReturnHeader/FilingSecurityInformation/IPDt02018-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm019:16:55
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HELEN MARCUM CPA AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0340 Tango Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Yawkey
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd025573

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.85$2.07$6.78$1.83$1.00$0.82
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.72$0.76$5.96$1.47$0.92$0.55
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.23$0.82$5.41$0.43$0.96$0.53
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.10$1.16$5.94$0.44$0.84$0.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.35$1.02$6.34$0.35$0.80$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.66$0.87$6.79$0.41$0.87$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.36$0.51$6.86$0.44$1.00$0.56
2018Detailed filing. Detailed filing data is available for this year.$7.87$0.52$7.35$0.45$0.98$0.53
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.74$0.80$7.94$0.77$1.29$0.52
2016Summary only. Only limited summary data is available for this year.$9.01$0.42$8.59$1.14$1.05$0.09
2015Summary only. Only limited summary data is available for this year.$8.58$0.21$8.37$0.97$0.98$0.02
2014Summary only. Only limited summary data is available for this year.$8.58$0.19$8.39$0.82$1.09$0.27
2013Summary only. Only limited summary data is available for this year.$8.96$0.30$8.66$1.28$0.97$0.31
2012Summary only. Only limited summary data is available for this year.$8.68$0.97$7.71$0.86$1.95$1.08
2011Summary only. Only limited summary data is available for this year.$8.79$0.15$8.64$0.91$0.98$0.07