Civic Intelligence

Lincoln Economic Development Authority

990 • Fiscal year 2019 • EIN 55-0733263

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 01, 2019

Organization Profilewww.lincolneda.com
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

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

1.16x

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

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

1st percentile

-129%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$28,513

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 65.3% of source-year revenue.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

20th percentile

-6.5%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-2.1%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$736,050

Down $50,965 (-6.5%) from 2018

Net Assets

Down

$685,526

Down $49,604 (-6.7%) from 2018

Liabilities

Down

$50,524

Down $1,361 (-2.6%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin1st percentile

Revenue

Down

$43,687

Down $923 (-2.1%) from 2018

Expenses

Up

$99,847

Up $1,812 (+1.8%) from 2018

Net Income

Down

-$56,160

Down $2,735 (-5.1%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

2019

Assets$736,050
Liabilities$50,524
Net Assets$685,526
Open 2019 Filing

Operations Trend

Revenue Growth32nd percentile

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

2019

Revenue$43,687
Expenses$99,847
Net Income-$56,160
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 1, 2019
Return Version
2018v3.1
Gross Receipts
$43,687
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$432,970$431,854▼ $1,116
Savings and Temporary Cash Investments$315,799$267,324▼ $48,475
Other Notes and Loans Receivable, Net$35,197$29,608▼ $5,589
Cash and Non-Interest-Bearing Accounts$126$631▲ $505
Prepaid Expenses and Deferred Charges$191$172▼ $19
Total Assets$787,015$736,050▼ $50,965
Other Assets Total$2,732$6,461▲ $3,729
Liabilities
Deferred Revenue$14,477$26,525▲ $12,048
Other Liabilities$27,808$18,865▼ $8,943
Accounts Payable and Accrued Expenses$9,600$5,134▼ $4,466
Total Liabilities$51,885$50,524▼ $1,361
Net Assets / Fund Balance
Unrestricted Net Assets$506,822$685,526▲ $178,704
Temporarily Rstr Net Assets$228,308$0▼ $228,308
Total Net Assets Fund Balance$735,130$685,526▼ $49,604
Total Liabilities and Net Assets / Fund Balance$787,015$736,050▼ $50,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,573$7,761-
Land$403,281--
Equipment$0$14,801-
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry StutlerExecutive DirectorFT$25,230$3,283$28,513
Tommy AdkinsExecutive DirectorFT$14,423$1,890$16,313

Board Members and Trustees

NameTitle
Josh StowersPresident
Gary McCallisterVice President
Audrey RobinetteDirector
Austin LucasDirector
Brian VanceDirector
Evelyn CartwrightDirector
Heather VanaterDirector
Paula NelsonDirector
Ralph TriplettDirector
Richard HeltonDirector
Zachery MaynardDirector
Rick RyanSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,652
Program Service Revenue
$4,020
Investment Income
$5,262
Other Revenue
$1,753
All Other Contributions
$8,946
Change in Net Assets
$-56,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$63,389
Other Expenses$36,458
Total Fundraising Expense$3,842
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$35,688$1,983$1,983$39,654
Other Salaries and Wages$6,805$9,357$851$17,013
Fees for Services Other$16,250$275$0$16,525
Occupancy$4,669$1,245$311$6,225
Payroll Taxes$3,229$1,884$269$5,382
Fees for Services Accounting$2,658$886$0$3,544
Insurance$2,010$536$134$2,680
Travel$1,505$401$100$2,006
Office Expenses$1,030$275$69$1,374
Pension Plan Contributions$804$469$67$1,340
Advertising$1,187$0$0$1,187
Depreciation Depletion$0$1,115$0$1,115
Information Technology$622$166$41$829
Conferences and Meetings$597$0$0$597
Other Expenses$0$45$0$45
Total Functional Expenses$77,302$18,703$3,842$99,847
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$11,139
Deferred Inflow of Resources$7,472
Payroll Taxes$254
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
Tommy Adkins
Title
Executive Director
Phone
3048242244
Signed
2019-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Stowers
Formed
1987
Legal Domicile
Wv
Voting Board Members
12
Independent Board Members
12
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.”

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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02732
IRS990/OtherAssetsTotalGrp/EOYAmt06461
IRS990/OtherExpensesGrp/Desc0Membership and Registration
IRS990/OtherExpensesGrp/Desc1Miscellaneous expenses
IRS990/OtherExpensesGrp/FundraisingAmt017
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt066
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt145
IRS990/OtherExpensesGrp/ProgramServicesAmt0248
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/TotalAmt0331
IRS990/OtherExpensesGrp/TotalAmt145
IRS990/OtherLiabilitiesGrp/BOYAmt027808
IRS990/OtherLiabilitiesGrp/EOYAmt018865
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0851
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09357
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06805
IRS990/OtherSalariesAndWagesGrp/TotalAmt017013
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt035197
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029608
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0269
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01884
IRS990/PayrollTaxesGrp/ProgramServicesAmt03229
IRS990/PayrollTaxesGrp/TotalAmt05382
IRS990/PensionPlanContributionsGrp/FundraisingAmt067
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0469
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0804
IRS990/PensionPlanContributionsGrp/TotalAmt01340
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0191
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0172
IRS990/PrincipalOfficerNm0Josh Stowers
IRS990/PriorPeriodAdjustmentsAmt06556
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt029575
IRS990/PYInvestmentIncomeAmt05275
IRS990/PYOtherExpensesAmt028735
IRS990/PYOtherRevenueAmt04202
IRS990/PYProgramServiceRevenueAmt05558
IRS990/PYRevenuesLessExpensesAmt0-53425
IRS990/PYSalariesCompEmpBnftPaidAmt069300
IRS990/PYTotalExpensesAmt098035
IRS990/PYTotalRevenueAmt044610
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-56160
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01753
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0315799
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0267324
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt028573
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07761
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt036334
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014801
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt014801
IRS990ScheduleD/LandGrp/BookValueAmt0403281
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0403281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17472
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0431854
IRS990ScheduleD/TotalLiabilityAmt018865
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/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0228308
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0787015
IRS990/TotalAssetsEOYAmt0736050
IRS990/TotalAssetsGrp/BOYAmt0787015
IRS990/TotalAssetsGrp/EOYAmt0736050
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt032652
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03842
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018703
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt077302
IRS990/TotalFunctionalExpensesGrp/TotalAmt099847
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051885
IRS990/TotalLiabilitiesEOYAmt050524
IRS990/TotalLiabilitiesGrp/BOYAmt051885
IRS990/TotalLiabilitiesGrp/EOYAmt050524
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0735130
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0685526
IRS990/TotalOtherCompensationAmt01802
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt04020
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceRevenueAmt04020
IRS990/TotalReportableCompFromOrgAmt039653
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011035
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt043687
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0787015
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0736050
IRS990/TotReportableCompRltdOrgAmt03371
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt0100
IRS990/TravelGrp/ManagementAndGeneralAmt0401
IRS990/TravelGrp/ProgramServicesAmt01505
IRS990/TravelGrp/TotalAmt02006
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0506822
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0685526
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04293 Coal River Rd
IRS990/USAddress/CityNm0Alum Creek
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025003
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0www.lincolneda.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tommy Adkins
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$736,050
Liabilities
$50,524
Net assets
$685,526
Revenue
$43,687
Expenses
$99,847
Net income
-$56,160
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
2019Detailed filing. Detailed filing data is available for this year.$7.36$0.51$6.86$0.44$1.00$0.56
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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