Civic Intelligence

Lincoln Economic Development Authority

990 • Fiscal year 2024 • EIN 55-0733263

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 02, 2024

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

0.11x

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

2024 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.52x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

94th percentile

37%

Higher net margin than 94% of similar nonprofits.

2024 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$37,637

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2024 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

59th percentile

7.8%

Faster asset growth than 59% of similar nonprofits.

2024 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

240%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$672,117

Up $48,825 (+7.8%) from 2023

Net Assets

Up

$595,876

Up $54,565 (+10%) from 2023

Liabilities

Down

$76,241

Down $5,740 (-7.0%) from 2023

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin94th percentile

Revenue

Up

$146,720

Up $103,605 (+240%) from 2023

Expenses

Down

$92,155

Down $3,735 (-3.9%) from 2023

Net Income

Up

$54,565

Up $107,340 (+203%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2024

Assets$672,117
Liabilities$76,241
Net Assets$595,876
Open 2024 Filing

Operations Trend

Revenue Growth99th 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

2024

Revenue$146,720
Expenses$92,155
Net Income$54,565
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 2, 2024
Return Version
2023v5.1
Gross Receipts
$146,720
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$379,580$478,253▲ $98,673
Savings and Temporary Cash Investments$224,526$174,227▼ $50,299
Cash and Non-Interest-Bearing Accounts$4,255$9,114▲ $4,859
Other Notes and Loans Receivable, Net$1,806$1,806→ $0
Prepaid Expenses and Deferred Charges$64$213▲ $149
Total Assets$623,292$672,117▲ $48,825
Other Assets Total$13,061$8,504▼ $4,557
Liabilities
Deferred Revenue$30,572$30,380▼ $192
Accounts Payable and Accrued Expenses$22,202$22,046▼ $156
Unsecured Notes Loans Payable$22,491$22,030▼ $461
Other Liabilities$6,716$1,785▼ $4,931
Total Liabilities$81,981$76,241▼ $5,740
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$541,311$595,876▲ $54,565
Total Net Assets Fund Balance$541,311$595,876▲ $54,565
Total Liabilities and Net Assets / Fund Balance$623,292$672,117▲ $48,825

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$674$16,498$17,172
Buildings$10,746$8,921-
Land$466,833--
Other Assets Org$142--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tommy AdkinsExecutive DirectorFT$34,529$3,108$37,637

Board Members and Trustees

NameTitle
Josh StowersPresident
W Aaron StowersVice President
Austin LucasDirector
Brian VanceDirector
Conrad LucasDirector
Dwight CoburnDirector
Heather VanaterDirector
Karl MelcusDirector
Ralph TripletrDirector
Sean O'DibighueDirector
William CarpenterDirector
David RobertsSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$132,010
Program Service Revenue
$7,417
Investment Income
$2,892
Other Revenue
$4,401
All Other Contributions
$2,172
Change in Net Assets
$54,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$69,150
Other Expenses$23,005
Total Fundraising Expense$4,263
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$31,185$1,732$1,733$34,650
Other Salaries and Wages$9,839$13,529$1,230$24,598
Occupancy$4,933$1,315$329$6,577
Payroll Taxes$2,979$1,738$248$4,965
Pension Plan Contributions$2,962$1,728$247$4,937
Fees for Services Accounting$2,942$980$0$3,922
Insurance$2,140$570$143$2,853
Travel$1,839$490$122$2,451
Office Expenses$1,640$438$109$2,187
Depreciation Depletion$0$1,327$0$1,327
Information Technology$898$241$60$1,199
Interest$0$535$0$535
Advertising$276$0$0$276
Other Expenses$0$10$0$10
Total Functional Expenses$63,039$24,853$4,263$92,155
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
Payroll Taxes$1,725
Deferred Inflow of Resources$60
Net Pension Liability$0
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
2024-11-02
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
2

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 432 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/Desc1Miscellaneous expenses
IRS990/OtherExpensesGrp/Desc2Project Meetings/Materials
IRS990/OtherExpensesGrp/Desc3Licenses and Permits
IRS990/OtherExpensesGrp/FundraisingAmt042
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0170
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt150
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt310
IRS990/OtherExpensesGrp/ProgramServicesAmt0638
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt2768
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0850
IRS990/OtherExpensesGrp/TotalAmt150
IRS990/OtherExpensesGrp/TotalAmt2768
IRS990/OtherExpensesGrp/TotalAmt310
IRS990/OtherLiabilitiesGrp/BOYAmt06716
IRS990/OtherLiabilitiesGrp/EOYAmt01785
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01230
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013529
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09839
IRS990/OtherSalariesAndWagesGrp/TotalAmt024598
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01806
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01806
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0248
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01738
IRS990/PayrollTaxesGrp/ProgramServicesAmt02979
IRS990/PayrollTaxesGrp/TotalAmt04965
IRS990/PensionPlanContributionsGrp/FundraisingAmt0247
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01728
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02962
IRS990/PensionPlanContributionsGrp/TotalAmt04937
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0213
IRS990/PrincipalOfficerNm0Tommy Adkins
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt030392
IRS990/PYInvestmentIncomeAmt03527
IRS990/PYOtherExpensesAmt030814
IRS990/PYOtherRevenueAmt04800
IRS990/PYProgramServiceRevenueAmt04396
IRS990/PYRevenuesLessExpensesAmt0-52775
IRS990/PYSalariesCompEmpBnftPaidAmt065076
IRS990/PYTotalExpensesAmt095890
IRS990/PYTotalRevenueAmt043115
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt054565
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04401
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0224526
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0174227
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010746
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08921
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt019667
IRS990ScheduleD/EquipmentGrp/BookValueAmt0674
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017172
IRS990ScheduleD/LandGrp/BookValueAmt0466833
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0466833
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08362
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1142
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflow of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Net Pension Asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0478253
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08504
IRS990ScheduleD/TotalLiabilityAmt01785
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/TotalAssetsBOYAmt0623292
IRS990/TotalAssetsEOYAmt0672117
IRS990/TotalAssetsGrp/BOYAmt0623292
IRS990/TotalAssetsGrp/EOYAmt0672117
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0132010
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04263
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024853
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt063039
IRS990/TotalFunctionalExpensesGrp/TotalAmt092155
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt081981
IRS990/TotalLiabilitiesEOYAmt076241
IRS990/TotalLiabilitiesGrp/BOYAmt081981
IRS990/TotalLiabilitiesGrp/EOYAmt076241
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0541311
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0595876
IRS990/TotalOtherCompensationAmt03108
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt07417
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceRevenueAmt07417
IRS990/TotalReportableCompFromOrgAmt034529
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0146720
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0623292
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0672117
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt0122
IRS990/TravelGrp/ManagementAndGeneralAmt0490
IRS990/TravelGrp/ProgramServicesAmt01839
IRS990/TravelGrp/TotalAmt02451
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt022491
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt022030
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06226 Upper Mud River Rd
IRS990/USAddress/CityNm0Myra
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025544
IRS990/VotingMembersGoverningBodyCnt012

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$672,117
Liabilities
$76,241
Net assets
$595,876
Revenue
$146,720
Expenses
$92,155
Net income
$54,565
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
2024Detailed filing. Detailed filing data is available for this year.$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
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
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