Civic Intelligence

Wayne County Economic Development Authority

990 • Fiscal year 2015 • EIN 55-0741227

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 05, 2016

Post Office Box 519Wayne, WV 25570-0519

(304) 272-9050

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

4th percentile

-35%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

23rd percentile

-6.2%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

12th percentile

-14%

Faster revenue growth than 12% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$872,849

Down $58,065 (-6.2%) from 2014

Net Assets

Down

$872,849

Down $50,398 (-5.5%) from 2014

Liabilities

Down

$0

Down $7,667 (-100%) from 2014

Revenue

Down

$164,136

Down $27,428 (-14%) from 2014

Expenses

Up

$222,201

Up $41,195 (+23%) from 2014

Net Income

Down

-$58,065

Down $68,623 (-650%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $985,928Liabilities 2011: $0Net Assets 2011: $985,9282011Assets 2012: $910,743Liabilities 2012: $7,667Net Assets 2012: $903,0762012Assets 2013: $920,356Liabilities 2013: $7,667Net Assets 2013: $912,6892013Assets 2014: $930,914Liabilities 2014: $7,667Net Assets 2014: $923,2472014Assets 2015: $872,849Liabilities 2015: $0Net Assets 2015: $872,8492015Assets 2016: $868,402Liabilities 2016: $0Net Assets 2016: $868,4022016Assets 2017: $403,097Liabilities 2017: $0Net Assets 2017: $403,0972017Assets 2018: $319,542Liabilities 2018: $0Net Assets 2018: $319,5422018Assets 2019: $248,458Liabilities 2019: $0Net Assets 2019: $248,4582019Assets 2020: $197,174Liabilities 2020: $0Net Assets 2020: $197,1742020Assets 2021: $202,398Liabilities 2021: $595Net Assets 2021: $201,8032021Assets 2022: $429,263Liabilities 2022: $0Net Assets 2022: $429,2632022Assets 2023: $408,502Liabilities 2023: $427Net Assets 2023: $408,0752023Assets 2024: $398,497Liabilities 2024: $595Net Assets 2024: $397,9022024Assets 2025: $389,203Liabilities 2025: $0Net Assets 2025: $389,2032025

Highlighted filing

2015

Assets$872,849
Liabilities$0
Net Assets$872,849

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$500K$0-$500KRevenue 2011: $162,827Expenses 2011: $151,897Net Income 2011: $10,9302011Revenue 2012: $155,754Expenses 2012: $238,606Net Income 2012: -$82,8522012Revenue 2013: $193,580Expenses 2013: $183,967Net Income 2013: $9,6132013Revenue 2014: $191,564Expenses 2014: $181,006Net Income 2014: $10,5582014Revenue 2015: $164,136Expenses 2015: $222,201Net Income 2015: -$58,0652015Revenue 2016: $195,716Expenses 2016: $200,163Net Income 2016: -$4,4472016Revenue 2017: -$101,125Expenses 2017: $364,180Net Income 2017: -$465,3052017Revenue 2018: $162,430Expenses 2018: $245,985Net Income 2018: -$83,5552018Revenue 2019: $57,593Expenses 2019: $128,677Net Income 2019: -$71,0842019Revenue 2020: $41,134Expenses 2020: $92,418Net Income 2020: -$51,2842020Revenue 2021: $105,265Expenses 2021: $100,636Net Income 2021: $4,6292021Revenue 2022: $285,938Expenses 2022: $58,478Net Income 2022: $227,4602022Revenue 2023: $25,551Expenses 2023: $35,138Net Income 2023: -$9,5872023Revenue 2024: $105,725Expenses 2024: $115,898Net Income 2024: -$10,1732024Revenue 2025: $36,587Expenses 2025: $45,286Net Income 2025: -$8,6992025

Highlighted filing

2015

Revenue$164,136
Expenses$222,201
Net Income-$58,065
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 5, 2016
Return Version
2014v6.0
Gross Receipts
$164,136
Mission and Program Overview

Mission

The Wayne County Economic Development Authority (WCEDA) was established to promote, develop and expand all types of business and industrial activity. This activity will advance and maintain the economic basis of Wayne County. The pursuit of these activities will provide opportunities for employment and improvement in the standard of living for the citizens of Wayne County.

The wayne county economic development authority, inc. (wceda) was established to promote, develop and expand all types of business and industrial activity. This activity will advance and maintain the economic basis of wayne county. The pursuit of these activities will provide opportunities for employment and improvements in the standard of living, for the citizens of wayne county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$531,336$514,499▼ $16,837
Savings and Temporary Cash Investments$294,848$295,735▲ $887
Cash and Non-Interest-Bearing Accounts$69,391$56,276▼ $13,115
Other Notes and Loans Receivable, Net$35,339$6,339▼ $29,000
Total Assets$930,914$872,849▼ $58,065
Liabilities
Deferred Revenue$7,667--
Total Liabilities$7,667$0▼ $7,667
Net Assets / Fund Balance
Unrestricted Net Assets$908,058$857,660▼ $50,398
Temporarily Rstr Net Assets$15,189$15,189→ $0
Total Net Assets Fund Balance$923,247$872,849▼ $50,398
Total Liabilities and Net Assets / Fund Balance$930,914$872,849▼ $58,065

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$511,528$139,426$650,954
Equipment$2,971$4,698$7,669
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Don PerdueExecutive DirectorFT$50,500$50,500

Board Members and Trustees

NameTitle
Mark BradshawPresident
Tim KinseyVice-president
Cordell AdkinsBoard Member
Herma DavisBoard Member
Jim HaleBoard Member
Kenneth AdkinsBoard Member
Kenny HannBoard Member
Larry CastleBoard Member
Randall MayBoard Member
Sara ChapmanBoard Member
Stanley FinkBoard Member
Thomas GeorgeBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$62,000
Program Service Revenue
$0
Investment Income
$891
Other Revenue
$101,245
Change in Net Assets
$-58,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$164,136
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$164,136
Total Revenue per Form 990
$164,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,076
Salaries, Compensation, and Employee Benefits$108,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$50,500
Other Salaries and Wages---$48,125
Depreciation Depletion---$17,269
Advertising---$13,068
Payroll Taxes---$9,500
Other Expenses---$6,591
Office Expenses---$5,752
Fees for Services Legal---$4,128
Fees for Services Accounting---$3,775
Insurance---$2,930
Travel---$2,527
Conferences and Meetings---$2,373
Occupancy---$2,200
Total Functional Expenses$0$0$0$222,201

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$222,201
Total Expenses per Audited Statements$222,201
Total Expenses per Form 990$222,201
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committee with authority to act on behalf of the governing body

Form 990, Part VI, Section B, Line 11

The board president reviews the tax return before signing and filing the form 990.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public by written request

Filing and Contact Details

Filer

Filer Name
Wayne County Economic Development Authority
EIN
55-0741227
Phone
3042729050
Address
POST OFFICE BOX 519, WAYNE, WV 25570-0519

Signing Officer

Name
Mark Bradshaw
Title
President
Phone
3042729050
Signed
2016-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Bradshaw
Formed
1994
Legal Domicile
Wv
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
0

Preparer

Firm
PERRY & ASSOCIATES CPA'S AC
Address
428 SECOND STREET, MARIETTA, OH 45750
Preparer
Joel E Erb
Phone
7403730056
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Audited financial statement difference from prior year 7,667.

FORM 990, PART XII, LINE 2C:

No changes to this process since the prior year.

Raw XML AppendixShowing 400 of 405 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0511528
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0139426
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0650954
IRS990ScheduleD/EquipmentGrp/BookValueAmt02971
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04698
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07669
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0222201
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0164136
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0514499
IRS990ScheduleD/TotalExpensesPerForm990Amt0222201
IRS990ScheduleD/TotalRevenuePerForm990Amt0164136
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0164136
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0222201
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD PRESIDENT REVIEWS THE TAX RETURN BEFORE SIGNING AND FILING THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUDITED FINANCIAL STATEMENT DIFFERENCE FROM PRIOR YEAR 7,667.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES TO THIS PROCESS SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0WAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WESTERN GATE LAND DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0454250390
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO CREATE JOBS IN WAYNE COUNTY WEST VIRGINIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 519
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WAYNE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd025570
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt015189
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt015189
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0930914
IRS990/TotalAssetsEOYAmt0872849
IRS990/TotalAssetsGrp/BOYAmt0930914
IRS990/TotalAssetsGrp/EOYAmt0872849
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt062000
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222201
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07667
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt07667
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0923247
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0872849
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0222201
IRS990/TotalReportableCompFromOrgAmt050500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0102136
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0164136
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0930914
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0872849
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02527
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0908058
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0857660
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ROUTE 1 BOX 1527
IRS990/USAddress/CityNm0WAYNE
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025570
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.WCEDA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK BRADSHAW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03042729050
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY
ReturnHeader/Filer/BusinessNameControlTxt0WAYN
ReturnHeader/Filer/EIN0550741227
ReturnHeader/Filer/PhoneNum03042729050
ReturnHeader/Filer/USAddress/AddressLine1Txt0POST OFFICE BOX 519
ReturnHeader/Filer/USAddress/CityNm0WAYNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd0255700519
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550771624
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PERRY & ASSOCIATES CPA'S AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0428 SECOND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARIETTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045750
ReturnHeader/PreparerPersonGrp/PhoneNum07403730056
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOEL E ERB

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$0.37$0.45$0.09
2024Detailed filing. Detailed filing data is available for this year.$3.98$0.01$3.98$1.06$1.16$0.10
2023Detailed filing. Detailed filing data is available for this year.$4.09$0.00$4.08$0.26$0.35$0.10
2022Detailed filing. Detailed filing data is available for this year.$4.29$0.00$4.29$2.86$0.58$2.27
2021Detailed filing. Detailed filing data is available for this year.$2.02$0.01$2.02$1.05$1.01$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$0.41$0.92$0.51
2019Summary only. Only limited summary data is available for this year.$2.48$0.00$2.48$0.58$1.29$0.71
2018Summary only. Only limited summary data is available for this year.$3.20$0.00$3.20$1.62$2.46$0.84
2017Summary only. Only limited summary data is available for this year.$4.03$0.00$4.03$1.01$3.64$4.65
2016Detailed filing. Detailed filing data is available for this year.$8.68$0.00$8.68$1.96$2.00$0.04
2015Detailed filing. Detailed filing data is available for this year.$8.73$0.00$8.73$1.64$2.22$0.58
2014Summary only. Only limited summary data is available for this year.$9.31$0.08$9.23$1.92$1.81$0.11
2013Summary only. Only limited summary data is available for this year.$9.20$0.08$9.13$1.94$1.84$0.10
2012Summary only. Only limited summary data is available for this year.$9.11$0.08$9.03$1.56$2.39$0.83
2011Summary only. Only limited summary data is available for this year.$9.86$0.00$9.86$1.63$1.52$0.11