Civic Intelligence

Lincoln Economic Development Authority

990 • Fiscal year 2020 • EIN 55-0733263

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 03, 2020

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

56th percentile

0.11x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

2.15x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

2nd percentile

-114%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

47th percentile

$32,100

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 79.2% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

45th percentile

4.1%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

-7.2%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$766,286

Up $30,236 (+4.1%) from 2019

Net Assets

Down

$679,020

Down $6,506 (-0.9%) from 2019

Liabilities

Up

$87,266

Up $36,742 (+73%) from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin2nd percentile

Revenue

Down

$40,535

Down $3,152 (-7.2%) from 2019

Expenses

Down

$86,944

Down $12,903 (-13%) from 2019

Net Income

Up

-$46,409

Up $9,751 (+17%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2020

Assets$766,286
Liabilities$87,266
Net Assets$679,020
Open 2020 Filing

Operations Trend

Revenue Growth54th 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

2020

Revenue$40,535
Expenses$86,944
Net Income-$46,409
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 3, 2020
Return Version
2019v5.1
Gross Receipts
$40,535
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$431,854$479,089▲ $47,235
Savings and Temporary Cash Investments$267,324$231,240▼ $36,084
Cash and Non-Interest-Bearing Accounts$631$26,798▲ $26,167
Other Notes and Loans Receivable, Net$29,608$23,804▼ $5,804
Prepaid Expenses and Deferred Charges$172$-99▼ $271
Total Assets$736,050$766,286▲ $30,236
Other Assets Total$6,461$5,454▼ $1,007
Liabilities
Deferred Revenue$26,525$34,675▲ $8,150
Unsecured Notes Loans Payable-$21,400-
Other Liabilities$18,865$16,911▼ $1,954
Accounts Payable and Accrued Expenses$5,134$14,280▲ $9,146
Total Liabilities$50,524$87,266▲ $36,742
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$685,526$679,020▼ $6,506
Net Assets With Donor Restrictions$0--
Total Net Assets Fund Balance$685,526$679,020▼ $6,506
Total Liabilities and Net Assets / Fund Balance$736,050$766,286▲ $30,236

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,642$8,692-
Land$451,447--
Equipment$0$14,801-
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tommy AdkinsExecutive DirectorFT$30,000$2,100$32,100

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$30,977
Program Service Revenue
$2,161
Investment Income
$3,446
Other Revenue
$3,951
All Other Contributions
$1,000
Change in Net Assets
$-46,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$59,937
Other Expenses$27,007
Total Fundraising Expense$3,692
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,000$1,500$1,500$30,000
Other Salaries and Wages$8,560$11,770$1,070$21,400
Fees for Services Other$7,250$0$0$7,250
Occupancy$4,733$1,262$316$6,311
Payroll Taxes$3,500$2,042$292$5,834
Fees for Services Accounting$2,901$967$0$3,868
Pension Plan Contributions$1,622$946$135$2,703
Insurance$2,024$540$135$2,699
Office Expenses$1,405$375$94$1,874
Travel$1,054$281$70$1,405
Advertising$1,002$0$0$1,002
Information Technology$737$196$49$982
Depreciation Depletion$0$932$0$932
Other Expenses$40$0$0$40
Total Functional Expenses$62,296$20,956$3,692$86,944
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$8,016
Deferred Inflow of Resources$7,190
Payroll Taxes$1,705
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 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
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
2020-11-03
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.”

Pt XI

“Rounding”

Raw XML AppendixShowing 400 of 427 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05134
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt014280
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide economic development services and loans to residents of Lincoln County West Virginia.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt01002
IRS990/AdvertisingGrp/TotalAmt01002
IRS990/AllOtherContributionsAmt01000
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Tommy Adkins
IRS990/BooksInCareOfDetail/PhoneNum03048242244
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0West Hamlin
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WV
IRS990/BooksInCareOfDetail/USAddress/ZIPCd025571
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0631
IRS990/CashNonInterestBearingGrp/EOYAmt026798
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt01500
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt01500
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt027000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt030000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt030977
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03446
IRS990/CYOtherExpensesAmt027007
IRS990/CYOtherRevenueAmt03951
IRS990/CYProgramServiceRevenueAmt02161
IRS990/CYRevenuesLessExpensesAmt0-46409
IRS990/CYSalariesCompEmpBnftPaidAmt059937
IRS990/CYTotalExpensesAmt086944
IRS990/CYTotalFundraisingExpenseAmt03692
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt040535
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt026525
IRS990/DeferredRevenueGrp/EOYAmt034675
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0932
IRS990/DepreciationDepletionGrp/ProgramServicesAmt00
IRS990/DepreciationDepletionGrp/TotalAmt0932
IRS990/Desc0The organization's purpose is to aid the citizens of Lincoln County West Virginia in developing economic opportunities. The county poverty rate and lack of opportunity creates a generational dependence on assistance. Breaking the cycle of poverty and dependence on government sources will take a concerted effort within the county. The development of small business opportunities and employment within the county will increase wealth and independence.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0967
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt02901
IRS990/FeesForServicesAccountingGrp/TotalAmt03868
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt07250
IRS990/FeesForServicesOtherGrp/TotalAmt07250
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt112100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0Gary McCallister
IRS990/Form990PartVIISectionAGrp/PersonNm1Josh Stowers
IRS990/Form990PartVIISectionAGrp/PersonNm2Austin Lucas
IRS990/Form990PartVIISectionAGrp/PersonNm3Rick Ryan
IRS990/Form990PartVIISectionAGrp/PersonNm4Paula Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm5Evelyn Cartwright
IRS990/Form990PartVIISectionAGrp/PersonNm6Brian Vance
IRS990/Form990PartVIISectionAGrp/PersonNm7Heather Vanater
IRS990/Form990PartVIISectionAGrp/PersonNm8Richard Helton
IRS990/Form990PartVIISectionAGrp/PersonNm9Ralph Triplett
IRS990/Form990PartVIISectionAGrp/PersonNm10Zachery Maynard
IRS990/Form990PartVIISectionAGrp/PersonNm11Tommy Adkins
IRS990/Form990PartVIISectionAGrp/PersonNm12Audrey Robinette
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1130000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt029977
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt040535
IRS990/GrossRentsGrp/RealAmt03951
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt049
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0196
IRS990/InformationTechnologyGrp/ProgramServicesAmt0737
IRS990/InformationTechnologyGrp/TotalAmt0982
IRS990/InsuranceGrp/FundraisingAmt0135
IRS990/InsuranceGrp/ManagementAndGeneralAmt0540
IRS990/InsuranceGrp/ProgramServicesAmt02024
IRS990/InsuranceGrp/TotalAmt02699
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03446
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023493
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0431854
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0479089
IRS990/LandBldgEquipCostOrOtherBssAmt0502582
IRS990/LegalDomicileStateCd0WV
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide economic development services and loans to residents of Lincoln County West Virginia.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0685526
IRS990/NetAssetsOrFundBalancesEOYAmt0679020
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03951
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03951
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0685526
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0679020
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0316
IRS990/OccupancyGrp/ManagementAndGeneralAmt01262
IRS990/OccupancyGrp/ProgramServicesAmt04733
IRS990/OccupancyGrp/TotalAmt06311
IRS990/OfficeExpensesGrp/FundraisingAmt094
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0375
IRS990/OfficeExpensesGrp/ProgramServicesAmt01405
IRS990/OfficeExpensesGrp/TotalAmt01874
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06461
IRS990/OtherAssetsTotalGrp/EOYAmt05454
IRS990/OtherChangesInNetAssetsAmt02
IRS990/OtherExpensesGrp/Desc0Membership and Registration
IRS990/OtherExpensesGrp/Desc1Miscellaneous expenses
IRS990/OtherExpensesGrp/Desc2Project Meetings/Materials
IRS990/OtherExpensesGrp/FundraisingAmt031
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0125
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt0468
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt240
IRS990/OtherExpensesGrp/TotalAmt0624
IRS990/OtherExpensesGrp/TotalAmt120
IRS990/OtherExpensesGrp/TotalAmt240
IRS990/OtherLiabilitiesGrp/BOYAmt018865
IRS990/OtherLiabilitiesGrp/EOYAmt016911
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01070
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011770
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08560
IRS990/OtherSalariesAndWagesGrp/TotalAmt021400
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt029608
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt023804
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0292
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02042
IRS990/PayrollTaxesGrp/ProgramServicesAmt03500
IRS990/PayrollTaxesGrp/TotalAmt05834
IRS990/PensionPlanContributionsGrp/FundraisingAmt0135
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0946
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01622
IRS990/PensionPlanContributionsGrp/TotalAmt02703
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0172
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0-99
IRS990/PrincipalOfficerNm0Josh Stowers
IRS990/PriorPeriodAdjustmentsAmt039901
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt032652
IRS990/PYInvestmentIncomeAmt05262
IRS990/PYOtherExpensesAmt036458
IRS990/PYOtherRevenueAmt01753
IRS990/PYProgramServiceRevenueAmt04020
IRS990/PYRevenuesLessExpensesAmt0-56160
IRS990/PYSalariesCompEmpBnftPaidAmt063389
IRS990/PYTotalExpensesAmt099847
IRS990/PYTotalRevenueAmt043687
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-46409
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03951
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0267324
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0231240
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt027642
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08692
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt036334
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014801
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt014801
IRS990ScheduleD/LandGrp/BookValueAmt0451447
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0451447
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08016
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0479089
IRS990ScheduleD/TotalLiabilityAmt016911
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/ExplanationTxt2Rounding
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0736050
IRS990/TotalAssetsEOYAmt0766286
IRS990/TotalAssetsGrp/BOYAmt0736050
IRS990/TotalAssetsGrp/EOYAmt0766286
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030977
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03692
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020956
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt062296
IRS990/TotalFunctionalExpensesGrp/TotalAmt086944
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050524
IRS990/TotalLiabilitiesEOYAmt087266
IRS990/TotalLiabilitiesGrp/BOYAmt050524
IRS990/TotalLiabilitiesGrp/EOYAmt087266
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0685526
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0679020
IRS990/TotalOtherCompensationAmt02100
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02161
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceRevenueAmt02161
IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09558
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt040535
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0736050
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0766286
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt070
IRS990/TravelGrp/ManagementAndGeneralAmt0281
IRS990/TravelGrp/ProgramServicesAmt01054
IRS990/TravelGrp/TotalAmt01405
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt021400
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/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tommy Adkins
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03048242244
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lincoln Economic Development Authority

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
$766,286
Liabilities
$87,266
Net assets
$679,020
Revenue
$40,535
Expenses
$86,944
Net income
-$46,409
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
2020Detailed filing. Detailed filing data is available for this year.$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
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