Civic Intelligence

Morgan County Economic Development Board Inc

990 • Fiscal year 2017 • EIN 58-1705685

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 31, 2017

Organization ProfileN/A
PO Box 979Wartburg, TN 37887

(423) 346-9400

Siviq Scores

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

Liabilities / Assets

79th percentile

0.37x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

2.46x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$50,718

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

94th percentile

52%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-69%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$2,974,384

Up $1,017,589 (+52%) from 2016

Net Assets

Up

$1,872,739

Up $271,225 (+17%) from 2016

Liabilities

Up

$1,101,645

Up $746,364 (+210%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin91st percentile

Revenue

Down

$448,381

Down $998,488 (-69%) from 2016

Expenses

Down

$194,916

Down $1,115,387 (-85%) from 2016

Net Income

Up

$253,465

Up $116,899 (+86%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$15M$10M$5.0M$0Assets 2011: $2,060,345Liabilities 2011: $577,909Net Assets 2011: $1,482,4362011Assets 2012: $2,017,408Liabilities 2012: $537,395Net Assets 2012: $1,480,0132012Assets 2013: $2,042,650Liabilities 2013: $495,010Net Assets 2013: $1,547,6402013Assets 2014: $2,073,763Liabilities 2014: $450,970Net Assets 2014: $1,622,7932014Assets 2015: $1,869,286Liabilities 2015: $404,339Net Assets 2015: $1,464,9472015Assets 2016: $1,956,795Liabilities 2016: $355,281Net Assets 2016: $1,601,5142016Assets 2017: $2,974,384Liabilities 2017: $1,101,645Net Assets 2017: $1,872,7392017Assets 2018: $7,212,928Liabilities 2018: $4,117,417Net Assets 2018: $3,095,5112018Assets 2019: $7,897,974Liabilities 2019: $4,250,371Net Assets 2019: $3,647,6032019Assets 2020: $8,190,516Liabilities 2020: $4,318,428Net Assets 2020: $3,872,0882020Assets 2021: $8,524,921Liabilities 2021: $4,238,628Net Assets 2021: $4,286,2932021Assets 2022: $7,047,109Liabilities 2022: $2,720,403Net Assets 2022: $4,326,7062022Assets 2023: $6,806,877Liabilities 2023: $2,317,864Net Assets 2023: $4,489,0132023Assets 2024: $10,828,277Liabilities 2024: $6,321,857Net Assets 2024: $4,506,4202024

Highlighted filing

2017

Assets$2,974,384
Liabilities$1,101,645
Net Assets$1,872,739
Open 2017 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $287,585Expenses 2011: $197,122Net Income 2011: $90,4632011Revenue 2012: $243,932Expenses 2012: $246,355Net Income 2012: -$2,4232012Expenses 2013: $168,4332013Revenue 2014: $343,572Expenses 2014: $268,419Net Income 2014: $75,1532014Revenue 2015: $509,602Expenses 2015: $667,446Net Income 2015: -$157,8442015Revenue 2016: $1,446,869Expenses 2016: $1,310,303Net Income 2016: $136,5662016Revenue 2017: $448,381Expenses 2017: $194,916Net Income 2017: $253,4652017Revenue 2018: $1,476,311Expenses 2018: $253,539Net Income 2018: $1,222,7722018Revenue 2019: $745,756Expenses 2019: $643,399Net Income 2019: $102,3572019Revenue 2020: $1,024,367Expenses 2020: $620,376Net Income 2020: $403,9912020Revenue 2021: $1,060,602Expenses 2021: $646,397Net Income 2021: $414,2052021Revenue 2022: $676,763Expenses 2022: $636,350Net Income 2022: $40,4132022Revenue 2023: $492,179Expenses 2023: $329,872Net Income 2023: $162,3072023Revenue 2024: $623,645Expenses 2024: $496,228Net Income 2024: $127,4172024

Highlighted filing

2017

Revenue$448,381
Expenses$194,916
Net Income$253,465
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 31, 2017
Return Version
2016v3.0
Gross Receipts
$490,358
Mission and Program Overview

Mission

To recruit and develop industry in morgan county, tn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,601,514$1,872,739▲ $271,225
Land, Buildings, and Equipment, Net$1,618,382$1,525,026▼ $93,356
Cash and Non-Interest-Bearing Accounts$239,292$238,432▼ $860
Savings and Temporary Cash Investments$95,823$96,063▲ $240
Intangible Assets$1,333$1,283▼ $50
Total Assets$1,956,795$2,974,384▲ $1,017,589
Other Assets Total$1,965$1,113,580▲ $1,111,615
Liabilities
Mortgage Notes Payable Secured by Investment Property$354,180$1,100,505▲ $746,325
Other Liabilities$1,101$1,140▲ $39
Total Liabilities$355,281$1,101,645▲ $746,364
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,601,514$1,872,739▲ $271,225
Total Liabilities and Net Assets / Fund Balance$1,956,795$2,974,384▲ $1,017,589

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,200,557$812,948$2,013,505
Land$324,469-$324,469
Other Assets Org$1,965--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa CollettExecutive DiFT$42,918$7,800$50,718
Tim JohnsonChairPT$850-$850
Sara Jo GoodmanTreasurer-$750-$750
Janet GallowayBoard Member-$550-$550
Kelly AmonettMember at La-$375-$375
Jim RiversSecretary-$350-$350
Dolman RobertsBoard Member-$350-$350
Ray TuckerBoard Member-$300-$300
Jean PollardBoard Member-$275-$275
Allen DagleyBoard Member-$250-$250
Larry WilliamsVice Chair-$250-$250
Danny CoxBoard Member-$175-$175
George McgrathFormer Board-$100-$100

Board Members and Trustees

NameTitle
Benny StewartBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$285,211
Program Service Revenue
$201,725
Investment Income
$-38,555
Other Revenue
$0
All Other Contributions
$500
Change in Net Assets
$253,465

Audited Revenue Reconciliation

Revenue per Audited Statements
$448,381
Revenue Not Reported on Form 990
$404,765
Total Revenue per Audited Statements
$853,146
Total Revenue per Form 990
$448,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,149
Salaries, Compensation, and Employee Benefits$58,724
Grants and Similar Amounts Paid$14,043
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$53,165--$53,165
Current Officers, Directors, Trustees, and Key Employees$37,994$9,499-$47,493
Interest$17,238--$17,238
Occupancy$13,550$1,421-$14,971
Grants to Domestic Orgs$14,043--$14,043
Conferences and Meetings$10,685$2,671-$13,356
Fees for Services Accounting-$10,703-$10,703
Other Employee Benefits$6,240$1,560-$7,800
Payroll Taxes$2,745$686-$3,431
Insurance$2,247$562-$2,809
Office Expenses-$1,820-$1,820
Other Expenses$516$129-$645
Advertising$501--$501
All Other Expenses-$216-$216
Total Functional Expenses$165,649$29,267$0$194,916

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$224,373
Total Expenses per Form 990$194,916
Expenses per Audited Statements$182,586
Expenses Not Reported on Form 990$41,787
Expenses Not Reported on Financial Statements$12,330
Other Expense Adjustments$12,330
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Plateau Utility DistrictWartburg, TNGovWater Line Extension$14,043
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 Liabilities$1,140
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Page 6, Part VI, Line 11B

“No review was or will be conducted”

Form 990, Page 6, Part VI, Line 19

“Entity documents available for inspection upon request”

Filing and Contact Details

Filer

Filer Name
Morgan County Economic Development
EIN
58-1705685
Phone
4233469400
Address
PO BOX 979, WARTBURG, TN 37887

Signing Officer

Name
Lisa Collett
Title
Executive Director
Phone
4233469400
Signed
2017-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Collett
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
1

Preparer

Firm
Uselton Clay & Bright Pc
Address
PO BOX 626, KINGSTON, TN 37763
Preparer
Suzanne R Jones Clay CPA
Phone
8653769564
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Prior period adj. To reclass cip 17,760”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Accrued reimbursements 108,360 accrued grant revenue 254,428 loss on asset disposal 41,977”

Schedule D, Page 4, Part XII, Line 2D

“Loss on disposal of assets 41,787”

Schedule D, Page 4, Part XII, Line 4B

“Grants paid 14,043 various general expenses -2,210 book/tax depreciation difference 448 book / tax depreciation difference 49”

Raw XML AppendixShowing 400 of 429 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/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO RECRUIT AND DEVELOP INDUSTRY IN MORGAN COUNTY, TN.
IRS990/AdvertisingGrp/ProgramServicesAmt0501
IRS990/AdvertisingGrp/TotalAmt0501
IRS990/AllOtherContributionsAmt0500
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0216
IRS990/AllOtherExpensesGrp/TotalAmt0216
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0LISA COLLETT
IRS990/BooksInCareOfDetail/PhoneNum04233469400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0KINGSTON STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0WARTBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd037887
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0239292
IRS990/CashNonInterestBearingGrp/EOYAmt0238432
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt09499
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt037994
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt047493
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02671
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt010685
IRS990/ConferencesMeetingsGrp/TotalAmt013356
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0285211
IRS990/CYGrantsAndSimilarPaidAmt014043
IRS990/CYInvestmentIncomeAmt0-38555
IRS990/CYOtherExpensesAmt0122149
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0201725
IRS990/CYRevenuesLessExpensesAmt0253465
IRS990/CYSalariesCompEmpBnftPaidAmt058724
IRS990/CYTotalExpensesAmt0194916
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0448381
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt053165
IRS990/DepreciationDepletionGrp/TotalAmt053165
IRS990/Desc0RECRUIT AND DEVELOP INDUSTRY BY PURCHASING LAND AND BUILDING FACILITIES FOR INDUSTRY THAT EMPLOY MORGAN COUNTY TN CITIZENS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0165649
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010703
IRS990/FeesForServicesAccountingGrp/TotalAmt010703
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt16.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
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/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt07800
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/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0LISA COLLETT
IRS990/Form990PartVIISectionAGrp/PersonNm1TIM JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm2SARA JO GOODMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JANET GALLOWAY
IRS990/Form990PartVIISectionAGrp/PersonNm4KELLY AMONETT
IRS990/Form990PartVIISectionAGrp/PersonNm5DOLMAN ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm6JIM RIVERS
IRS990/Form990PartVIISectionAGrp/PersonNm7RAY TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm8JEAN POLLARD
IRS990/Form990PartVIISectionAGrp/PersonNm9LARRY WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm10ALLEN DAGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm11DANNY COX
IRS990/Form990PartVIISectionAGrp/PersonNm12GEORGE MCGRATH
IRS990/Form990PartVIISectionAGrp/PersonNm13BENNY STEWART
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt042918
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3550
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4375
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8275
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11175
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12FORMER BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-41977
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0284711
IRS990/GrantAmt014043
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt014043
IRS990/GrantsToDomesticOrgsGrp/TotalAmt014043
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0490358
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0562
IRS990/InsuranceGrp/ProgramServicesAmt02247
IRS990/InsuranceGrp/TotalAmt02809
IRS990/IntangibleAssetsGrp/BOYAmt01333
IRS990/IntangibleAssetsGrp/EOYAmt01283
IRS990/InterestGrp/ProgramServicesAmt017238
IRS990/InterestGrp/TotalAmt017238
IRS990/InvestmentIncomeGrp/ExclusionAmt03422
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03422
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0812948
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01618382
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01525026
IRS990/LandBldgEquipCostOrOtherBssAmt02337974
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt041977
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO RECRUIT AND DEVELOP INDUSTRY IN MORGAN COUNTY, TN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0354180
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01100505
IRS990/NetAssetsOrFundBalancesBOYAmt01601514
IRS990/NetAssetsOrFundBalancesEOYAmt01872739
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-41977
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-41977
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01421
IRS990/OccupancyGrp/ProgramServicesAmt013550
IRS990/OccupancyGrp/TotalAmt014971
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01820
IRS990/OfficeExpensesGrp/TotalAmt01820
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01965
IRS990/OtherAssetsTotalGrp/EOYAmt01113580
IRS990/OtherChangesInNetAssetsAmt017760
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01560
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06240
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07800
IRS990/OtherExpensesGrp/Desc0CONTRIBUTIIONS
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc2OUTSIDE SERVICE
IRS990/OtherExpensesGrp/Desc3CONTINUING EDUCATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0129
IRS990/OtherExpensesGrp/ProgramServicesAmt03400
IRS990/OtherExpensesGrp/ProgramServicesAmt12350
IRS990/OtherExpensesGrp/ProgramServicesAmt2975
IRS990/OtherExpensesGrp/ProgramServicesAmt3516
IRS990/OtherExpensesGrp/TotalAmt03400
IRS990/OtherExpensesGrp/TotalAmt12350
IRS990/OtherExpensesGrp/TotalAmt2975
IRS990/OtherExpensesGrp/TotalAmt3645
IRS990/OtherLiabilitiesGrp/BOYAmt01101
IRS990/OtherLiabilitiesGrp/EOYAmt01140
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0686
IRS990/PayrollTaxesGrp/ProgramServicesAmt02745
IRS990/PayrollTaxesGrp/TotalAmt03431
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LISA COLLETT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/Desc1REIMBURSEMENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0201564
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1161
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0201564
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1161
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01246687
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01091197
IRS990/PYInvestmentIncomeAmt09179
IRS990/PYOtherExpensesAmt0170852
IRS990/PYProgramServiceRevenueAmt0191003
IRS990/PYRevenuesLessExpensesAmt0136566
IRS990/PYSalariesCompEmpBnftPaidAmt048254
IRS990/PYTotalExpensesAmt01310303
IRS990/PYTotalRevenueAmt01446869
IRS990/ReconcilationRevenueExpnssAmt0253465
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0201725
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01601514
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01872739
IRS990/SavingsAndTempCashInvstGrp/BOYAmt095823
IRS990/SavingsAndTempCashInvstGrp/EOYAmt096063
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt041787
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt012330
IRS990ScheduleD/ExpensesSubtotalAmt0182586
IRS990ScheduleD/LandGrp/BookValueAmt0324469
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0324469
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01111615
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11965
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION-IN-PROCESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt041787
IRS990ScheduleD/OtherExpensesNotIncludedAmt012330
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01200557
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0812948
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02013505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherRevenueAmt0404765
IRS990ScheduleD/RevenueNotReportedAmt0404765
IRS990ScheduleD/RevenueSubtotalAmt0448381
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCRUED REIMBURSEMENTS 108,360 ACCRUED GRANT REVENUE 254,428 LOSS ON ASSET DISPOSAL 41,977
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSETS 41,787
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GRANTS PAID 14,043 VARIOUS GENERAL EXPENSES -2,210 BOOK/TAX DEPRECIATION DIFFERENCE 448 BOOK / TAX DEPRECIATION DIFFERENCE 49
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01525026
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01113580
IRS990ScheduleD/TotalExpensesPerForm990Amt0194916
IRS990ScheduleD/TotalLiabilityAmt01140
IRS990ScheduleD/TotalRevenuePerForm990Amt0448381
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0853146
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0224373
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt014043
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0WATER LINE EXTENSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PLATEAU UTILITY DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0PLATEAU UTILITY DISTRICT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0121 N KINGSTON ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0121 N KINGSTON ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WARTBURG
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd037887
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MORGAN COUNTY ECONOMIC DEVELOPMENT ACTS AS A CONDUIT FOR GRANT FUNDS RECEIVED SPECIFICALLY FOR PLATEAU UTILITY DISTRICT'S WATER LINE EXTENSION PROJECT. MORGAN COUNTY RECEIVES ALL EXPENSES, REVIEWS FOR ACCURACY AND SUBMITS TO FUNDING ORGANIZATION'S FOR REIMBURSEMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENTITY DOCUMENTS AVAILABLE FOR INSPECTION UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJ. TO RECLASS CIP 17,760
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01956795
IRS990/TotalAssetsEOYAmt02974384
IRS990/TotalAssetsGrp/BOYAmt01956795
IRS990/TotalAssetsGrp/EOYAmt02974384
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0285211
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029267
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0165649
IRS990/TotalFunctionalExpensesGrp/TotalAmt0194916
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0355281
IRS990/TotalLiabilitiesEOYAmt01101645
IRS990/TotalLiabilitiesGrp/BOYAmt0355281
IRS990/TotalLiabilitiesGrp/EOYAmt01101645
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01601514
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01872739
IRS990/TotalOtherCompensationAmt07800
IRS990/TotalProgramServiceExpensesAmt0165649
IRS990/TotalProgramServiceRevenueAmt0201725
IRS990/TotalReportableCompFromOrgAmt047493
IRS990/TotalRevenueGrp/ExclusionAmt03422
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0159748
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0448381
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01956795
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02974384
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 DAKOTA TRAIL
IRS990/USAddress/CityNm0ROCKWOOD
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037887
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,974,384
Liabilities
$1,101,645
Net assets
$1,872,739
Revenue
$448,381
Expenses
$194,916
Net income
$253,465
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.8$6.32$4.51$0.62$0.50$0.13
2023Detailed filing. Detailed filing data is available for this year.$6.81$2.32$4.49$0.49$0.33$0.16
2022Detailed filing. Detailed filing data is available for this year.$7.05$2.72$4.33$0.68$0.64$0.04
2021Detailed filing. Detailed filing data is available for this year.$8.52$4.24$4.29$1.06$0.65$0.41
2020Detailed filing. Detailed filing data is available for this year.$8.19$4.32$3.87$1.02$0.62$0.40
2019Detailed filing. Detailed filing data is available for this year.$7.90$4.25$3.65$0.75$0.64$0.10
2018Detailed filing. Detailed filing data is available for this year.$7.21$4.12$3.10$1.48$0.25$1.22
2017Detailed filing. Detailed filing data is available for this year.$2.97$1.10$1.87$0.45$0.19$0.25
2016Detailed filing. Detailed filing data is available for this year.$1.96$0.36$1.60$1.45$1.31$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.87$0.40$1.46$0.51$0.67$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.07$0.45$1.62$0.34$0.27$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.50$1.55$0.17
2012Summary only. Only limited summary data is available for this year.$2.02$0.54$1.48$0.24$0.25$0.00
2011Summary only. Only limited summary data is available for this year.$2.06$0.58$1.48$0.29$0.20$0.09