Civic Intelligence

Economic Development Council of Okaloosa County Florida Inc

990 • Fiscal year 2020 • EIN 59-2288214

Oct 01, 2019 to Sep 30, 2020 • Filed on Dec 14, 2020

Organization ProfileWWW.FLORIDA-EDC.ORG

View Organization Page

PO Box 4097Fort Walton Beach, FL 32549

(850) 651-7374

Siviq Scores

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

Liabilities / Assets

60th percentile

0.14x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.06x

Higher debt load relative to revenue than 47% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

36th percentile

0.5%

Higher net margin than 36% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$179,290

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 29.7% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

66th percentile

13%

Faster asset growth than 66% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

1.1%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$257,583

Up $29,639 (+13%) from 2019

Net Assets

Up

$220,632

Up $3,313 (+1.5%) from 2019

Liabilities

Up

$36,951

Up $26,326 (+248%) from 2019

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin36th percentile

Revenue

Up

$604,415

Up $6,693 (+1.1%) from 2019

Expenses

Up

$601,102

Up $10,980 (+1.9%) from 2019

Net Income

Down

$3,313

Down $4,287 (-56%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$400K$300K$200K$100K$0Assets 2010: $269,741Liabilities 2010: $11,308Net Assets 2010: $258,4332010Assets 2011: $193,041Liabilities 2011: $6,099Net Assets 2011: $186,9422011Assets 2012: $185,738Liabilities 2012: $4,568Net Assets 2012: $181,1702012Assets 2013: $167,375Liabilities 2013: $9,143Net Assets 2013: $158,2322013Assets 2014: $186,390Liabilities 2014: $2,587Net Assets 2014: $183,8032014Assets 2015: $208,855Liabilities 2015: $45,895Net Assets 2015: $162,9602015Assets 2016: $223,254Liabilities 2016: $2,649Net Assets 2016: $220,6052016Assets 2017: $246,532Liabilities 2017: $1,534Net Assets 2017: $244,9982017Assets 2018: $231,212Liabilities 2018: $21,491Net Assets 2018: $209,7212018Assets 2019: $227,944Liabilities 2019: $10,625Net Assets 2019: $217,3192019Assets 2020: $257,583Liabilities 2020: $36,951Net Assets 2020: $220,6322020Assets 2021: $289,181Liabilities 2021: $56,061Net Assets 2021: $233,1202021Assets 2022: $278,015Liabilities 2022: $13,514Net Assets 2022: $264,5012022Assets 2023: $324,072Liabilities 2023: $13,349Net Assets 2023: $310,7232023Assets 2024: $335,015Liabilities 2024: $17,954Net Assets 2024: $317,0612024Assets 2025: $355,859Liabilities 2025: $17,214Net Assets 2025: $338,6452025

Highlighted filing

2020

Assets$257,583
Liabilities$36,951
Net Assets$220,632
Open 2020 Filing

Operations Trend

Revenue Growth71st percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,050,4382010Expenses 2011: $643,4002011Expenses 2012: $574,2232012Revenue 2013: $487,641Expenses 2013: $510,576Net Income 2013: -$22,9352013Revenue 2014: $611,827Expenses 2014: $586,256Net Income 2014: $25,5712014Revenue 2015: $766,443Expenses 2015: $787,285Net Income 2015: -$20,8422015Revenue 2016: $768,001Expenses 2016: $710,356Net Income 2016: $57,6452016Revenue 2017: $802,655Expenses 2017: $778,262Net Income 2017: $24,3932017Revenue 2018: $565,009Expenses 2018: $600,286Net Income 2018: -$35,2772018Revenue 2019: $597,722Expenses 2019: $590,122Net Income 2019: $7,6002019Revenue 2020: $604,415Expenses 2020: $601,102Net Income 2020: $3,3132020Revenue 2021: $579,069Expenses 2021: $566,581Net Income 2021: $12,4882021Revenue 2022: $672,279Expenses 2022: $640,898Net Income 2022: $31,3812022Revenue 2023: $697,242Expenses 2023: $651,020Net Income 2023: $46,2222023Revenue 2024: $680,589Expenses 2024: $674,251Net Income 2024: $6,3382024Revenue 2025: $709,701Expenses 2025: $688,117Net Income 2025: $21,5842025

Highlighted filing

2020

Revenue$604,415
Expenses$601,102
Net Income$3,313
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Dec 14, 2020
Return Version
2019v5.1
Gross Receipts
$606,205
Mission and Program Overview

Mission

To further economic development within okaloosa county

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$187,616$212,159▲ $24,543
Accounts Receivable$38,328$36,989▼ $1,339
Prepaid Expenses and Deferred Charges$2,000$8,435▲ $6,435
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$227,944$257,583▲ $29,639
Liabilities
Deferred Revenue$4,574$26,225▲ $21,651
Accounts Payable and Accrued Expenses$5,570$10,435▲ $4,865
Other Liabilities$481$291▼ $190
Total Liabilities$10,625$36,951▲ $26,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$217,319$220,632▲ $3,313
Total Net Assets Fund Balance$217,319$220,632▲ $3,313
Total Liabilities and Net Assets / Fund Balance$227,944$257,583▲ $29,639

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$26,118$26,118
Other Land Buildings$0$18,905$18,905
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samuel Nathan SparksExecutive DirectorFT$135,642$43,648$179,290

Board Members and Trustees

NameTitle
Katie SharonChairman
Bob MarinanCommittee Chairperson
David HainesCommittee Chairperson
Glenn ScharfPast-chairman
Lee LewisVice-chair
Alan GiesemanTrustee
Alan WoodTrustee
Amanda NegronTrustee
Andreas VersteeghTrustee
Angela BalentTrustee
April BranscomeTrustee
Bob SiresTrustee
Bonnie BarlowTrustee
Brad OrrTrustee
Brenda SmithTrustee
Brian LiesveldTrustee
Brigitte SullivanTrustee
Caralee GibsonTrustee
Carolyn FriesTrustee
Cesar SernaTrustee
Chad KnaeppleTrustee
Chad VuyovichTrustee
Chris MunroTrustee
Christy RowneyTrustee
Cindy FrakesTrustee
Dale PetersonTrustee
Danny SmithTrustee
Dee SetzerTrustee
Dion MonizTrustee
Don DavisTrustee
Dr Mike MosleyTrustee
Dr Paul HsuTrustee
Gloria FrazierTrustee
Gordon KingTrustee
Hannah WilburnTrustee
Hayward DykesTrustee
Jackie BlueTrustee
Jan McdonaldTrustee
Jason MonroeTrustee
Jd PeacockTrustee
Jerry WilliamsTrustee
Jillian McqueenTrustee
Jim HealdTrustee
Joe StatonTrustee
John CollinsTrustee
John GranadeTrustee
Jonathan OchsTrustee
Kelly Murphy ReddTrustee
Kim CoxTrustee
Leigh MooreTrustee
Leslie StricklinTrustee
Linnette KellerTrustee
Lorenda SmithTrustee
Louis EricksonTrustee
Matt SchwalbTrustee
Matt ZasadaTrustee
Matt ZimmermannTrustee
Maureen BiermanTrustee
Maynard FactorTrustee
Mike Adrian GuidryTrustee
Mike ChesserTrustee
Mitch MongellTrustee
Neko StubblefieldTrustee
Nic DezinskiTrustee
Paul JerniganTrustee
Ray MartinTrustee
Robert PerryTrustee
Robin DonlonTrustee
Rocky DunnTrustee
Ron MoliternoTrustee
Scarlett PhaneufTrustee
Stacey McgilvrayTrustee
Steve RiggsTrustee
Tim McdonaldTrustee
Tisha MarajTrustee
Todd SeagleTrustee
Tracy StageTrustee
Michele BurnsCareersource Ex Officio
Kim WintnerChambers of Commerce
Shane MoodyChambers of Commerce
Shannon Redfield-cappsChambers of Commerce
Ted CorcoranChambers of Commerce
Tricia BrunsonChambers of Commerce
Trey GoodwinCounty Ex Officio
Dr David GoetschHonorary Lifetime Member
Dr Pam DanaHonorary Lifetime Member
Bernie OderLocal Government Represent
Betsy RoyLocal Government Represent
Daniel HenkelLocal Government Represent
Jay DenneyLocal Government Represent
Jb WhittenLocal Government Represent
Jean HoodLocal Government Represent
John HofstadLocal Government Represent
Kirby LocklearLocal Government Represent
Margaret MclemoreLocal Government Represent
Mark CrockettLocal Government Represent
Mark FranksLocal Government Represent
Prebble RamswellLocal Government Represent
Richard RynearsonLocal Government Represent
Sal NodjomianLocal Government Represent
Shannon HayesLocal Government Represent
Skip OverdierLocal Government Represent
Tim BolducLocal Government Represent
Tom BurnsLocal Government Represent
Dr Devin StephensonNwfsc Ex Officio
Marcus ChambersPublic School Ex Officio
Leslie SheekleySecretary
Ron WhitfieldTreasurer
Bernard JohnsonUtilities Ex Officio
Gordon KingUtilities Ex Officio
Steve RhodesUtilities Ex Officio
Dr Melinda BowersUwf Ex Officio
Revenue and Support

Revenue Composition

Contributions and Grants
$603,120
Program Service Revenue
$2,865
Investment Income
$0
Other Revenue
$-1,570
All Other Contributions
$251,906
Change in Net Assets
$3,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$373,125
Other Expenses$227,977
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$159,158--$159,158
Other Salaries and Wages$142,936--$142,936
All Other Expenses$43,783--$43,783
Other Employee Benefits$33,187--$33,187
Other Expenses$25,900--$25,900
Payroll Taxes$20,144--$20,144
Conferences and Meetings$19,199--$19,199
Fees for Services Accounting$18,321--$18,321
Pension Plan Contributions$17,700--$17,700
Office Expenses$13,774--$13,774
Occupancy$4,800--$4,800
Insurance$4,014--$4,014
Total Functional Expenses$601,102$0$0$601,102
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,790
Fundraising Gross Income$75
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$291
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by bookkeeper, budget manager, president and chairman.”

Form 990, Part VI, Section C, Line 19

“All documents available upon request”

Filing and Contact Details

Filer

Filer Name
Economic Development Council
EIN
59-2288214
Phone
8506517374
Address
PO BOX 4097, FORT WALTON BEACH, FL 32549

Signing Officer

Name
Nathan Sparks
Title
Executive Director
Phone
8506517374
Signed
2020-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathan Sparks
Formed
1997
Legal Domicile
Fl
Voting Board Members
113
Independent Board Members
112
Employees
6
Volunteers
112

Preparer

Firm
Carr Riggs & Ingram LLC
Address
500 GRAND BOULEVARD SUITE 210, MIRAMAR BEACH, FL 32550
Preparer
Stephen C Riggs
Phone
8508373141
Raw XML AppendixShowing 400 of 1,132 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/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt522148
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/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt320
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt330
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt340
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt350
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt360
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt370
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt380
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt390
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt400
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt410
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt420
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt430
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt440
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt460
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt470
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt490
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt510
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt520
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt530
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt540
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt550
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt560
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt570
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt580
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt590
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt610
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt620
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt630
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt640
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt650
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt660
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt670
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt680
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt690
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt700
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt710
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt720
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt730
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt740
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt750
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt760
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt770
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt780
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt790
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt800
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt810
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt820
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt830
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt840
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt850
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt860
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt870

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$257,583
Liabilities
$36,951
Net assets
$220,632
Revenue
$604,415
Expenses
$601,102
Net income
$3,313
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$0.71$0.69$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.02$0.32$0.68$0.67$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.01$0.31$0.70$0.65$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.01$0.26$0.67$0.64$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.06$0.23$0.58$0.57$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.04$0.22$0.60$0.60$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.01$0.22$0.60$0.59$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.02$0.21$0.57$0.60$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.24$0.80$0.78$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.77$0.71$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.05$0.16$0.77$0.79$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.18$0.61$0.59$0.03
2013Summary only. Only limited summary data is available for this year.$0.17$0.01$0.16$0.49$0.51$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.18$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.01$0.19$0.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.01$0.26$1.05