Civic Intelligence

Morgan County Economic Development Board Inc

990 • Fiscal year 2020 • EIN 58-1705685

Jul 01, 2019 to Jun 30, 2020 • Filed on May 06, 2021

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

81st percentile

0.53x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

4.22x

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

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

52nd percentile

$54,570

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Asset Growth

51st percentile

3.7%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

37%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$8,190,516

Up $292,542 (+3.7%) from 2019

Net Assets

Up

$3,872,088

Up $224,485 (+6.2%) from 2019

Liabilities

Up

$4,318,428

Up $68,057 (+1.6%) from 2019

Revenue

Up

$1,024,367

Up $278,611 (+37%) from 2019

Expenses

Down

$620,376

Down $23,023 (-3.6%) from 2019

Net Income

Up

$403,991

Up $301,634 (+295%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$8,190,516
Liabilities$4,318,428
Net Assets$3,872,088

Operations Trend

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

2020

Revenue$1,024,367
Expenses$620,376
Net Income$403,991
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 6, 2021
Return Version
2019v5.0
Gross Receipts
$1,024,367
Mission and Program Overview

Mission

To recruit and develop industry in morgan county, tn.

To recruit and develop industry in morgan county, tennessee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,777,609$6,709,490▼ $68,119
Rtn Earn Endowment Incm Other Fnds$3,647,603$3,872,088▲ $224,485
Cash and Non-Interest-Bearing Accounts$282,583$388,922▲ $106,339
Accounts Receivable$735,817$148,438▼ $587,379
Savings and Temporary Cash Investments$100,000$100,000→ $0
Other Notes and Loans Receivable, Net-$100,000-
Total Assets$7,897,974$8,190,516▲ $292,542
Other Assets Total$1,965$743,666▲ $741,701
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,431,250$3,502,954▲ $71,704
Unsecured Notes Loans Payable$739,069$736,198▼ $2,871
Accounts Payable and Accrued Expenses$80,052$79,276▼ $776
Total Liabilities$4,250,371$4,318,428▲ $68,057
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,647,603$3,872,088▲ $224,485
Total Liabilities and Net Assets / Fund Balance$7,897,974$8,190,516▲ $292,542

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,298,544$1,277,191$7,575,735
Land$410,369-$410,369
Equipment$577$2,407$2,984
Other Assets Org$1,965--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa CollettExecutive DiFT$46,785$7,785$54,570
Jim RiversSecretary-$1,850-$1,850
Kelly AmonettBoard Member-$1,850-$1,850
Larry WilliamsVice Chairma-$1,750-$1,750
Tim JohnsonBoard Member-$1,750-$1,750
Sarah Jo GoodmanTreasurer-$600-$600
Janett GallowayBoard Member-$450-$450
Dolman RobertsBoard Member-$325-$325
Jean PollardBoard Member-$325-$325
Ray TuckerBoard Member-$300-$300
Carla LarueBoard Member-$250-$250
Aaron FreelsBoard Member-$200-$200
Danny CoxBoard Member-$200-$200
Alfred BranimChairmanPT$175-$175
Revenue and Support

Revenue Composition

Contributions and Grants
$83,041
Program Service Revenue
$931,825
Investment Income
$9,501
Other Revenue
$0
All Other Contributions
$8,041
Change in Net Assets
$403,991

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,024,367
Total Revenue per Audited Statements
$1,024,367
Total Revenue per Form 990
$1,024,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$546,308
Salaries, Compensation, and Employee Benefits$70,324
Grants and Similar Amounts Paid$3,744
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$224,192--$224,192
Depreciation Depletion$217,260--$217,260
Current Officers, Directors, Trustees, and Key Employees$53,368$13,342-$66,710
Occupancy$27,450$6,863-$34,313
Fees for Services Accounting$10,853$2,713-$13,566
Conferences and Meetings$9,486$2,371-$11,857
Insurance$6,782$1,696-$8,478
Information Technology$3,333$833-$4,166
Grants to Domestic Orgs$3,744--$3,744
Payroll Taxes$2,891$723-$3,614
Office Expenses$2,137$534-$2,671
Other Expenses$1,612$403-$2,015
Fees for Services Other-$1,950-$1,950
Advertising$1,050--$1,050
All Other Expenses$82$20-$102
Total Functional Expenses$588,928$31,448$0$620,376

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$620,376
Total Expenses per Audited Statements$620,376
Total Expenses per Form 990$620,376
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
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
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

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
2021-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alfred Branim
Formed
1985
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
1

Preparer

Firm
Brown Jake & Mcdaniel Pc
Address
2607 KINGSTON PIKE SUITE 110, KNOXVILLE, TN 37919-3336
Preparer
Frank D Mcdaniel CPA
Phone
8656378600
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01965
IRS990/OtherAssetsTotalGrp/EOYAmt0743666
IRS990/OtherExpensesGrp/Desc0INDUSTRIAL SITE STUDY
IRS990/OtherExpensesGrp/Desc1WETLAND EXPENSE
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0403
IRS990/OtherExpensesGrp/ProgramServicesAmt017310
IRS990/OtherExpensesGrp/ProgramServicesAmt15203
IRS990/OtherExpensesGrp/ProgramServicesAmt22175
IRS990/OtherExpensesGrp/ProgramServicesAmt31612
IRS990/OtherExpensesGrp/TotalAmt017310
IRS990/OtherExpensesGrp/TotalAmt15203
IRS990/OtherExpensesGrp/TotalAmt22175
IRS990/OtherExpensesGrp/TotalAmt32015
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0100000
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0723
IRS990/PayrollTaxesGrp/ProgramServicesAmt02891
IRS990/PayrollTaxesGrp/TotalAmt03614
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ALFRED BRANIM
IRS990/PriorPeriodAdjustmentsAmt0-179506
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1SALES TAX REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0783387
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1148438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0783387
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1148438
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt041773
IRS990/PYOtherExpensesAmt0584081
IRS990/PYProgramServiceRevenueAmt0703983
IRS990/PYRevenuesLessExpensesAmt0102357
IRS990/PYSalariesCompEmpBnftPaidAmt059318
IRS990/PYTotalExpensesAmt0643399
IRS990/PYTotalRevenueAmt0745756
IRS990/ReconcilationRevenueExpnssAmt0403991
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0931825
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03647603
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03872088
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt06298544
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01277191
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07575735
IRS990ScheduleD/EquipmentGrp/BookValueAmt0577
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02407
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02984
IRS990ScheduleD/ExpensesSubtotalAmt0620376
IRS990ScheduleD/LandGrp/BookValueAmt0410369
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0410369
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0741701
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11965
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01024367
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06709490
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0743666
IRS990ScheduleD/TotalExpensesPerForm990Amt0620376
IRS990ScheduleD/TotalRevenuePerForm990Amt01024367
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01024367
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0620376
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07897974
IRS990/TotalAssetsEOYAmt08190516
IRS990/TotalAssetsGrp/BOYAmt07897974
IRS990/TotalAssetsGrp/EOYAmt08190516
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt083041
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031448
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0588928
IRS990/TotalFunctionalExpensesGrp/TotalAmt0620376
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04250371
IRS990/TotalLiabilitiesEOYAmt04318428
IRS990/TotalLiabilitiesGrp/BOYAmt04250371
IRS990/TotalLiabilitiesGrp/EOYAmt04318428
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03647603
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03872088
IRS990/TotalOtherCompensationAmt07785
IRS990/TotalProgramServiceExpensesAmt0588928
IRS990/TotalProgramServiceRevenueAmt0931825
IRS990/TotalReportableCompFromOrgAmt056810
IRS990/TotalRevenueGrp/ExclusionAmt09501
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0931825
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01024367
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07897974
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08190516
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0739069
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0736198
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 979
IRS990/USAddress/CityNm0WARTBURG
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037887
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA COLLETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04233469400
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORGAN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BOARD INC
ReturnHeader/Filer/BusinessNameControlTxt0MORG
ReturnHeader/Filer/EIN0581705685
ReturnHeader/Filer/PhoneNum04233469400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 979
ReturnHeader/Filer/USAddress/CityNm0WARTBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037887
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621170651
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN JAKE & MCDANIEL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02607 KINGSTON PIKE SUITE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KNOXVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0379193336
ReturnHeader/PreparerPersonGrp/PhoneNum08656378600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK D MCDANIEL CPA
ReturnHeader/ReturnTs02021-05-07T10:43:11-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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