Civic Intelligence

Lincoln Economic Development Authority

990 • Fiscal year 2023 • EIN 55-0733263

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 28, 2023

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

63rd percentile

0.13x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

1.90x

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

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

1st percentile

-122%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

52nd percentile

$36,263

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 84.1% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

15th percentile

-12%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

27th percentile

-1.9%

Faster revenue growth than 27% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$623,292

Down $86,657 (-12%) from 2022

Net Assets

Down

$541,311

Down $52,656 (-8.9%) from 2022

Liabilities

Down

$81,981

Down $34,001 (-29%) from 2022

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$43,115

Down $826 (-1.9%) from 2022

Expenses

Up

$95,890

Up $12,215 (+15%) from 2022

Net Income

Down

-$52,775

Down $13,041 (-33%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2023

Assets$623,292
Liabilities$81,981
Net Assets$541,311
Open 2023 Filing

Operations Trend

Revenue Growth27th 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

2023

Revenue$43,115
Expenses$95,890
Net Income-$52,775
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 28, 2023
Return Version
2022v5.0
Gross Receipts
$43,115
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$380,559$379,580▼ $979
Savings and Temporary Cash Investments$280,854$224,526▼ $56,328
Cash and Non-Interest-Bearing Accounts$4,495$4,255▼ $240
Other Notes and Loans Receivable, Net$1,806$1,806→ $0
Prepaid Expenses and Deferred Charges$258$64▼ $194
Total Assets$709,949$623,292▼ $86,657
Other Assets Total$41,977$13,061▼ $28,916
Liabilities
Deferred Revenue$38,237$30,572▼ $7,665
Unsecured Notes Loans Payable$21,400$22,491▲ $1,091
Accounts Payable and Accrued Expenses$18,742$22,202▲ $3,460
Other Liabilities$37,603$6,716▼ $30,887
Total Liabilities$115,982$81,981▼ $34,001
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$593,967$541,311▼ $52,656
Total Net Assets Fund Balance$593,967$541,311▼ $52,656
Total Liabilities and Net Assets / Fund Balance$709,949$623,292▼ $86,657

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,148$16,024$17,172
Buildings$11,599$8,068-
Land$366,833--
Other Assets Org$0--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Tommy AdkinsExecutive DirectorFT$36,263$36,263

Board Members and Trustees

NameTitle
Josh StowersPresident
Austin LucasVice President
Aaron StowersDirector
Bill CarpenterDirector
Brian VanceDirector
David RobertsDirector
Dwight CoburnDirector
Heather VanaterDirector
Karl MelkusDirector
Ralph TriplettDirector
Rick RyanDirector
Audrey RobinetteSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,392
Program Service Revenue
$4,396
Investment Income
$3,527
Other Revenue
$4,800
All Other Contributions
$7,665
Change in Net Assets
$-52,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$65,076
Other Expenses$30,814
Total Fundraising Expense$4,008
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$29,658$1,648$1,648$32,954
Other Salaries and Wages$10,331$14,205$1,291$25,827
Fees for Services Other$7,500$0$0$7,500
Occupancy$4,544$1,212$303$6,059
Payroll Taxes$2,891$1,686$240$4,817
Fees for Services Accounting$2,942$981$0$3,923
Insurance$2,168$578$144$2,890
Interest$0$2,378$0$2,378
Office Expenses$1,669$445$111$2,225
Travel$1,520$405$101$2,026
Pension Plan Contributions$887$517$74$1,478
Information Technology$914$244$61$1,219
Depreciation Depletion$0$979$0$979
Advertising$831$0$0$831
Other Expenses$75$0$0$75
Total Functional Expenses$66,454$25,428$4,008$95,890
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$4,682
Payroll Taxes$1,733
Deferred Inflow of Resources$301
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
2023-10-28
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
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 436 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/OtherAssetsTotalGrp/BOYAmt041977
IRS990/OtherAssetsTotalGrp/EOYAmt013061
IRS990/OtherExpensesGrp/Desc0Membership and Registration
IRS990/OtherExpensesGrp/Desc1Miscellaneous expenses
IRS990/OtherExpensesGrp/Desc2Project Meetings/Materials
IRS990/OtherExpensesGrp/FundraisingAmt035
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0140
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt0524
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt275
IRS990/OtherExpensesGrp/TotalAmt0699
IRS990/OtherExpensesGrp/TotalAmt110
IRS990/OtherExpensesGrp/TotalAmt275
IRS990/OtherLiabilitiesGrp/BOYAmt037603
IRS990/OtherLiabilitiesGrp/EOYAmt06716
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01291
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014205
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010331
IRS990/OtherSalariesAndWagesGrp/TotalAmt025827
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01806
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01806
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0240
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01686
IRS990/PayrollTaxesGrp/ProgramServicesAmt02891
IRS990/PayrollTaxesGrp/TotalAmt04817
IRS990/PensionPlanContributionsGrp/FundraisingAmt074
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0517
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0887
IRS990/PensionPlanContributionsGrp/TotalAmt01478
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0258
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064
IRS990/PrincipalOfficerNm0Tommy Adkins
IRS990/PriorPeriodAdjustmentsAmt0119
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt028265
IRS990/PYInvestmentIncomeAmt07074
IRS990/PYOtherExpensesAmt030626
IRS990/PYOtherRevenueAmt06374
IRS990/PYProgramServiceRevenueAmt02228
IRS990/PYRevenuesLessExpensesAmt0-39734
IRS990/PYSalariesCompEmpBnftPaidAmt053049
IRS990/PYTotalExpensesAmt083675
IRS990/PYTotalRevenueAmt043941
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-52775
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04800
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0280854
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0224526
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt011599
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08068
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt019667
IRS990ScheduleD/EquipmentGrp/BookValueAmt01148
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016024
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017172
IRS990ScheduleD/LandGrp/BookValueAmt0366833
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0366833
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt013061
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt10
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflow of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Net Pension Asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04682
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0379580
IRS990ScheduleD/TotalBookValueOtherAssetsAmt013061
IRS990ScheduleD/TotalLiabilityAmt06716
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/TotalAssetsBOYAmt0709949
IRS990/TotalAssetsEOYAmt0623292
IRS990/TotalAssetsGrp/BOYAmt0709949
IRS990/TotalAssetsGrp/EOYAmt0623292
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030392
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04008
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025428
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt066454
IRS990/TotalFunctionalExpensesGrp/TotalAmt095890
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0115982
IRS990/TotalLiabilitiesEOYAmt081981
IRS990/TotalLiabilitiesGrp/BOYAmt0115982
IRS990/TotalLiabilitiesGrp/EOYAmt081981
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0593967
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0541311
IRS990/TotalOtherCompensationAmt04763
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt04396
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceRevenueAmt04396
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012723
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt043115
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0709949
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0623292
IRS990/TotReportableCompRltdOrgAmt031500
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt0101
IRS990/TravelGrp/ManagementAndGeneralAmt0405
IRS990/TravelGrp/ProgramServicesAmt01520
IRS990/TravelGrp/TotalAmt02026
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt021400
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt022491
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06226 Upper Mud River Rd
IRS990/USAddress/CityNm0Myra
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025544
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$623,292
Liabilities
$81,981
Net assets
$541,311
Revenue
$43,115
Expenses
$95,890
Net income
-$52,775
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
2023Detailed filing. Detailed filing data is available for this year.$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
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