Civic Intelligence

Lincoln Economic Development Authority

990 • Fiscal year 2021 • EIN 55-0733263

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 22, 2021

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

61st percentile

0.14x

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

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

2.92x

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

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

1st percentile

-130%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$33,000

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 94.8% of source-year revenue.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

16th percentile

-4.0%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-14%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$735,373

Down $30,913 (-4.0%) from 2020

Net Assets

Down

$633,700

Down $45,320 (-6.7%) from 2020

Liabilities

Up

$101,673

Up $14,407 (+17%) from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$34,826

Down $5,709 (-14%) from 2020

Expenses

Down

$80,146

Down $6,798 (-7.8%) from 2020

Net Income

Up

-$45,320

Up $1,089 (+2.3%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2021

Assets$735,373
Liabilities$101,673
Net Assets$633,700
Open 2021 Filing

Operations Trend

Revenue Growth19th 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

2021

Revenue$34,826
Expenses$80,146
Net Income-$45,320
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 22, 2021
Return Version
2020v4.1
Gross Receipts
$34,826
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$479,089$480,254▲ $1,165
Savings and Temporary Cash Investments$231,240$234,987▲ $3,747
Cash and Non-Interest-Bearing Accounts$26,798$4,905▼ $21,893
Other Notes and Loans Receivable, Net$23,804$1,806▼ $21,998
Prepaid Expenses and Deferred Charges$-99$265▲ $364
Total Assets$766,286$735,373▼ $30,913
Other Assets Total$5,454$13,156▲ $7,702
Liabilities
Deferred Revenue$34,675$41,275▲ $6,600
Other Liabilities$16,911$22,254▲ $5,343
Unsecured Notes Loans Payable$21,400$21,400→ $0
Accounts Payable and Accrued Expenses$14,280$16,744▲ $2,464
Total Liabilities$87,266$101,673▲ $14,407
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$679,020$633,700▼ $45,320
Total Net Assets Fund Balance$679,020$633,700▼ $45,320
Total Liabilities and Net Assets / Fund Balance$766,286$735,373▼ $30,913

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,097$15,075$17,172
Buildings$26,710$9,624-
Land$451,447--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tommy AdkinsExecutive DirectorFT$30,000$3,000$33,000

Board Members and Trustees

NameTitle
Josh StowersPresident
Austin LucasVice President
Brian VanceDirector
Evelyn CartwrightDirector
Heather VanaterDirector
Karl MelkusDirector
Paula NelsonDirector
Ralph TriplettDirector
Richard HeltonDirector
Rick RyanDirector
Zachery MaynardDirector
Audrey RobinetteSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,227
Program Service Revenue
$1,257
Investment Income
$3,428
Other Revenue
$4,914
All Other Contributions
$2,500
Change in Net Assets
$-45,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$60,509
Other Expenses$19,637
Total Fundraising Expense$3,649
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$9,389$12,910$1,173$23,472
Occupancy$4,959$1,322$331$6,612
Fees for Services Other$4,350$0$0$4,350
Payroll Taxes$2,558$1,492$213$4,263
Insurance$2,130$568$142$2,840
Pension Plan Contributions$1,664$971$139$2,774
Information Technology$1,178$314$79$1,571
Depreciation Depletion$0$1,206$0$1,206
Advertising$1,201$0$0$1,201
Office Expenses$655$175$44$874
Travel$300$80$20$400
Fees for Services Accounting$276$92$0$368
Other Expenses$64$0$0$64
Total Functional Expenses$55,837$20,660$3,649$80,146
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$17,356
Deferred Inflow of Resources$3,225
Payroll Taxes$1,673
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
2021-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tommy Adkins
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 419 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.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0113
IRS990/OtherExpensesGrp/ProgramServicesAmt164
IRS990/OtherExpensesGrp/TotalAmt0151
IRS990/OtherExpensesGrp/TotalAmt164
IRS990/OtherLiabilitiesGrp/BOYAmt016911
IRS990/OtherLiabilitiesGrp/EOYAmt022254
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01173
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012910
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09389
IRS990/OtherSalariesAndWagesGrp/TotalAmt023472
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt023804
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01806
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0213
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01492
IRS990/PayrollTaxesGrp/ProgramServicesAmt02558
IRS990/PayrollTaxesGrp/TotalAmt04263
IRS990/PensionPlanContributionsGrp/FundraisingAmt0139
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0971
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01664
IRS990/PensionPlanContributionsGrp/TotalAmt02774
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0-99
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0265
IRS990/PrincipalOfficerNm0Tommy Adkins
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt030977
IRS990/PYInvestmentIncomeAmt03446
IRS990/PYOtherExpensesAmt027007
IRS990/PYOtherRevenueAmt03951
IRS990/PYProgramServiceRevenueAmt02161
IRS990/PYRevenuesLessExpensesAmt0-46409
IRS990/PYSalariesCompEmpBnftPaidAmt059937
IRS990/PYTotalExpensesAmt086944
IRS990/PYTotalRevenueAmt040535
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-45320
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04914
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0231240
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0234987
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt026710
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09624
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt036334
IRS990ScheduleD/EquipmentGrp/BookValueAmt02097
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015075
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017172
IRS990ScheduleD/LandGrp/BookValueAmt0451447
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0451447
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017356
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13225
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21673
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0480254
IRS990ScheduleD/TotalLiabilityAmt022254
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/TotalAssetsBOYAmt0766286
IRS990/TotalAssetsEOYAmt0735373
IRS990/TotalAssetsGrp/BOYAmt0766286
IRS990/TotalAssetsGrp/EOYAmt0735373
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025227
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03649
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020660
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt055837
IRS990/TotalFunctionalExpensesGrp/TotalAmt080146
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087266
IRS990/TotalLiabilitiesEOYAmt0101673
IRS990/TotalLiabilitiesGrp/BOYAmt087266
IRS990/TotalLiabilitiesGrp/EOYAmt0101673
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0679020
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0633700
IRS990/TotalOtherCompensationAmt03000
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01257
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceRevenueAmt01257
IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09599
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt034826
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0766286
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0735373
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt020
IRS990/TravelGrp/ManagementAndGeneralAmt080
IRS990/TravelGrp/ProgramServicesAmt0300
IRS990/TravelGrp/TotalAmt0400
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt021400
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt021400
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06226 Upper Mud River Rd
IRS990/USAddress/CityNm0Myra
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025544
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0www.lincolneda.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tommy Adkins
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03048242244
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lincoln Economic Development Authority
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0550733263
ReturnHeader/Filer/PhoneNum03048242244

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$735,373
Liabilities
$101,673
Net assets
$633,700
Revenue
$34,826
Expenses
$80,146
Net income
-$45,320
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
2021Detailed filing. Detailed filing data is available for this year.$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
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