Civic Intelligence

Murraycalloway County Edc

990 • Fiscal year 2019 • EIN 61-1034835

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 14, 2020

PO Box 1476Murray, KY 42071

(270) 762-3789

Siviq Scores

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

Liabilities / Assets

86th percentile

0.59x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

9.10x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

16th percentile

$176,188

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Asset Growth

24th percentile

-0.3%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

118%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$12,789,297

Down $32,305 (-0.3%) from 2018

Net Assets

Up

$5,219,064

Up $113,163 (+2.2%) from 2018

Liabilities

Down

$7,570,233

Down $145,468 (-1.9%) from 2018

Revenue

Up

$831,961

Up $449,679 (+118%) from 2018

Expenses

Down

$718,798

Down $1,303,282 (-64%) from 2018

Net Income

Up

$113,163

Up $1,752,961 (+107%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $12,205,597Liabilities 2011: $4,962,179Net Assets 2011: $7,243,4182011Assets 2012: $10,690,644Liabilities 2012: $4,053,330Net Assets 2012: $6,637,3142012Assets 2013: $9,598,861Liabilities 2013: $3,261,443Net Assets 2013: $6,337,4182013Assets 2014: $8,708,635Liabilities 2014: $2,470,914Net Assets 2014: $6,237,7212014Assets 2015: $8,796,980Liabilities 2015: $1,362,756Net Assets 2015: $7,434,2242015Assets 2016: $9,185,989Liabilities 2016: $1,819,114Net Assets 2016: $7,366,8752016Assets 2018: $12,821,602Liabilities 2018: $7,715,701Net Assets 2018: $5,105,9012018Assets 2019: $12,789,297Liabilities 2019: $7,570,233Net Assets 2019: $5,219,0642019Assets 2020: $15,375,523Liabilities 2020: $9,959,817Net Assets 2020: $5,415,7062020Assets 2021: $17,529,821Liabilities 2021: $9,240,423Net Assets 2021: $8,289,3982021Assets 2022: $17,164,071Liabilities 2022: $8,632,045Net Assets 2022: $8,532,0262022Assets 2023: $16,658,698Liabilities 2023: $8,095,607Net Assets 2023: $8,563,0912023

Highlighted filing

2019

Assets$12,789,297
Liabilities$7,570,233
Net Assets$5,219,064

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $889,2042011Expenses 2012: $857,0762012Revenue 2013: $396,429Expenses 2013: $696,325Net Income 2013: -$299,8962013Revenue 2014: $528,131Expenses 2014: $602,143Net Income 2014: -$74,0122014Revenue 2015: $1,737,409Expenses 2015: $540,906Net Income 2015: $1,196,5032015Revenue 2016: $493,468Expenses 2016: $560,817Net Income 2016: -$67,3492016Revenue 2018: $382,282Expenses 2018: $2,022,080Net Income 2018: -$1,639,7982018Revenue 2019: $831,961Expenses 2019: $718,798Net Income 2019: $113,1632019Revenue 2020: $1,226,606Expenses 2020: $1,029,964Net Income 2020: $196,6422020Revenue 2021: $3,881,346Expenses 2021: $1,007,654Net Income 2021: $2,873,6922021Revenue 2022: $1,105,679Expenses 2022: $863,051Net Income 2022: $242,6282022Revenue 2023: $833,228Expenses 2023: $802,163Net Income 2023: $31,0652023

Highlighted filing

2019

Revenue$831,961
Expenses$718,798
Net Income$113,163
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 14, 2020
Return Version
2019v5.0
Gross Receipts
$831,961
Mission and Program Overview

Mission

Community and economic development services for murray and calloway county, ky.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,127,749$6,393,314▲ $265,565
Cash and Non-Interest-Bearing Accounts$669,742$780,481▲ $110,739
Other Notes and Loans Receivable, Net$878,795$748,335▼ $130,460
Accounts Receivable$13,448$91,265▲ $77,817
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$12,821,602$12,789,297▼ $32,305
Other Assets Total$5,131,868$4,775,902▼ $355,966
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,254,482$4,202,711▼ $51,771
Other Liabilities$3,447,703$3,213,556▼ $234,147
Accounts Payable and Accrued Expenses$13,516$153,966▲ $140,450
Total Liabilities$7,715,701$7,570,233▼ $145,468
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,105,901$5,219,064▲ $113,163
Total Net Assets Fund Balance$5,105,901$5,219,064▲ $113,163
Total Liabilities and Net Assets / Fund Balance$12,821,602$12,789,297▼ $32,305

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,702,205$1,602,937$5,305,142
Land$2,674,837-$2,674,837
Equipment$16,272$49,988$66,260
Other Assets Org$4,775,904--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark ManningPresidentFT$163,388$12,800$176,188

Board Members and Trustees

NameTitle
David GrahamChairman
Tim MillerVice Chairman
Alice RouseDirector
Amy FutrellDirector
Bob HargroveDirector
Bob RogersDirector
Brian OverbeyDirector
Harold DoranDirector
Kenny ImesDirector
Ronnie GibsonDirector
Bob JacksonSec/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$305,329
Program Service Revenue
$0
Investment Income
$27,485
Other Revenue
$499,147
All Other Contributions
$225,250
Change in Net Assets
$113,163

Audited Revenue Reconciliation

Revenue per Audited Statements
$831,961
Total Revenue per Audited Statements
$831,961
Total Revenue per Form 990
$831,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$362,823
Salaries, Compensation, and Employee Benefits$355,975
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$204,110--$204,110
Current Officers, Directors, Trustees, and Key Employees-$163,388-$163,388
Other Salaries and Wages-$109,139-$109,139
Other Employee Benefits-$58,092-$58,092
Advertising$39,798--$39,798
Office Expenses$25,209--$25,209
Depreciation Depletion-$23,004-$23,004
Payroll Taxes-$19,320-$19,320
Travel$19,101--$19,101
Insurance$10,456--$10,456
Occupancy$9,914--$9,914
Fees for Services Accounting-$6,750-$6,750
Pension Plan Contributions-$6,036-$6,036
Other Expenses$5,031--$5,031
Fees for Services Legal-$175-$175
Total Functional Expenses$332,894$385,904$0$718,798

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$718,798
Total Expenses per Audited Statements$718,798
Total Expenses per Form 990$718,798
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Revenue$3,213,556
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
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
Yes
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, Line 11B: Form 990 Review Process

Organization's process to review form 990 is approval by management; authority to approve delegated by board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Murray Calloway Edc
EIN
61-1034835
Phone
2707623789
Address
PO BOX 1476, MURRAY, KY 42071

Signing Officer

Name
Mark Manning
Title
President
Signed
2020-08-14
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
11
Employees
4

Preparer

Firm
Pierce Keller & Associates Pllc
Address
504 MAPLE STREET, MURRAY, KY 42071
Preparer
Julie Keller
Phone
2707530274
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0239147
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05105901
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05219064
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt09914
IRS990/OccupancyGrp/TotalAmt09914
IRS990/OfficeExpensesGrp/ProgramServicesAmt025209
IRS990/OfficeExpensesGrp/TotalAmt025209
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05131868
IRS990/OtherAssetsTotalGrp/EOYAmt04775902
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt058092
IRS990/OtherEmployeeBenefitsGrp/TotalAmt058092
IRS990/OtherExpensesGrp/Desc0INDUSTRIAL PARK EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt019275
IRS990/OtherExpensesGrp/ProgramServicesAmt15031
IRS990/OtherExpensesGrp/TotalAmt019275
IRS990/OtherExpensesGrp/TotalAmt15031
IRS990/OtherLiabilitiesGrp/BOYAmt03447703
IRS990/OtherLiabilitiesGrp/EOYAmt03213556
IRS990/OtherRevenueMiscGrp/Desc0ADMINISTRATIVE FEES
IRS990/OtherRevenueMiscGrp/Desc1MARKETING CONTRACT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1250000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1250000
IRS990/OtherRevenueTotalAmt0260000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0109139
IRS990/OtherSalariesAndWagesGrp/TotalAmt0109139
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0878795
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0748335
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019320
IRS990/PayrollTaxesGrp/TotalAmt019320
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06036
IRS990/PensionPlanContributionsGrp/TotalAmt06036
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0ALL OTHER ACCOMPLISHMENT ECONOMIC DEVELOPMENT FOR MURRAY KY AND CALLOWAY COUNTY KY
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0104042
IRS990/PYInvestmentIncomeAmt029093
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01657712
IRS990/PYOtherRevenueAmt0249147
IRS990/PYRevenuesLessExpensesAmt0-1639798
IRS990/PYSalariesCompEmpBnftPaidAmt0364368
IRS990/PYTotalExpensesAmt02022080
IRS990/PYTotalRevenueAmt0382282
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0113163
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0239147
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt016272
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049988
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066260
IRS990ScheduleD/ExpensesSubtotalAmt0718798
IRS990ScheduleD/LandGrp/BookValueAmt02674837
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02674837
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0-2
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14775904
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FIXED ASSET ROUNDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENT IN SALES TYPE LEASE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03702205
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01602937
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05305142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03213556
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED REVENUE
IRS990ScheduleD/RevenueSubtotalAmt0831961
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06393314
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04775902
IRS990ScheduleD/TotalExpensesPerForm990Amt0718798
IRS990ScheduleD/TotalLiabilityAmt03213556
IRS990ScheduleD/TotalRevenuePerForm990Amt0831961
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0831961
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0718798
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0163388
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK MANNING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0176188
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990 IS APPROVAL BY MANAGEMENT; AUTHORITY TO APPROVE DELEGATED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012821602
IRS990/TotalAssetsEOYAmt012789297
IRS990/TotalAssetsGrp/BOYAmt012821602
IRS990/TotalAssetsGrp/EOYAmt012789297
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0305329
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0385904
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0332894
IRS990/TotalFunctionalExpensesGrp/TotalAmt0718798
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07715701
IRS990/TotalLiabilitiesEOYAmt07570233
IRS990/TotalLiabilitiesGrp/BOYAmt07715701
IRS990/TotalLiabilitiesGrp/EOYAmt07570233
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05105901
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05219064
IRS990/TotalOtherCompensationAmt012800
IRS990/TotalProgramServiceExpensesAmt0332894
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0163388
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0526632
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0831961
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012821602
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012789297
IRS990/TravelGrp/ProgramServicesAmt019101
IRS990/TravelGrp/TotalAmt019101
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1476
IRS990/USAddress/CityNm0MURRAY
IRS990/USAddress/StateAbbreviationCd0KY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$16.7$8.10$8.56$0.83$0.80$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$8.63$8.53$1.11$0.86$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$9.24$8.29$3.88$1.01$2.87
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$9.96$5.42$1.23$1.03$0.20
2019Detailed filing. Detailed filing data is available for this year.$12.8$7.57$5.22$0.83$0.72$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$7.72$5.11$0.38$2.02$1.64
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.19$1.82$7.37$0.49$0.56$0.07
2015Summary only. Only limited summary data is available for this year.$8.80$1.36$7.43$1.74$0.54$1.20
2014Detailed filing. Detailed filing data is available for this year.$8.71$2.47$6.24$0.53$0.60$0.07
2013Detailed filing. Detailed filing data is available for this year.$9.60$3.26$6.34$0.40$0.70$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$4.05$6.64$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$4.96$7.24$0.89