Civic Intelligence

Murraycalloway County Edc

990 • Fiscal year 2023 • EIN 61-1034835

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

75th percentile

0.49x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

9.72x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Net Margin

49th percentile

3.7%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

17th percentile

$189,410

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Asset Growth

17th percentile

-2.9%

Faster asset growth than 17% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-25%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$16,658,698

Flat from 2023

Net Assets

Flat

$8,563,091

Flat from 2023

Liabilities

Flat

$8,095,607

Flat from 2023

Revenue

Flat

$833,228

Flat from 2023

Expenses

Flat

$802,163

Flat from 2023

Net Income

Flat

$31,065

Flat from 2023

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: $8,563,0912023Assets 2023: $16,658,698Liabilities 2023: $8,095,607Net Assets 2023: $8,563,0912023

Highlighted filing

2023

Assets$16,658,698
Liabilities$8,095,607
Net Assets$8,563,091

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: $31,0652023Revenue 2023: $833,228Expenses 2023: $802,163Net Income 2023: $31,0652023

Highlighted filing

2023

Revenue$833,228
Expenses$802,163
Net Income$31,065
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$863,179
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$12,097,848$11,886,875▼ $210,973
Savings and Temporary Cash Investments-$1,060,191-
Other Notes and Loans Receivable, Net$349,745$211,940▼ $137,805
Cash and Non-Interest-Bearing Accounts$968,211$147,661▼ $820,550
Accounts Receivable$40,267$0▼ $40,267
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$17,164,071$16,658,698▼ $505,373
Other Assets Total$3,708,000$3,352,031▼ $355,969
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,137,339$5,800,082▼ $337,257
Other Liabilities$2,491,115$2,251,968▼ $239,147
Deferred Revenue-$41,626-
Accounts Payable and Accrued Expenses$3,591$1,931▼ $1,660
Total Liabilities$8,632,045$8,095,607▼ $536,438
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,532,026$8,563,091▲ $31,065
Total Net Assets Fund Balance$8,532,026$8,563,091▲ $31,065
Total Liabilities and Net Assets / Fund Balance$17,164,071$16,658,698▼ $505,373

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,165,871$2,518,424$11,684,295
Land$2,674,997-$2,674,997
Equipment$46,007$33,846$79,853
Other Assets Org$3,352,031--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark ManningPresidentFT$174,997$14,413$189,410

Board Members and Trustees

NameTitle
Jerry DuncanChairman
Bob HargroveVice Chairman
Alice RouseDirector
Bob JacksonDirector
Bob RogersDirector
David TaylorDirector
Harold DoranDirector
Kenny ImesDirector
Richard CrouchDirector
Ronnie GibsonDirector
Tony ThompsonDirector
Amy FutrellSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$54,454
Program Service Revenue
$20,000
Investment Income
$19,693
Other Revenue
$739,081
All Other Contributions
$38,454
Change in Net Assets
$31,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$833,228
Total Revenue per Audited Statements
$833,228
Total Revenue per Form 990
$833,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$567,154
Salaries, Compensation, and Employee Benefits$235,009
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$288,405-$288,405
Interest$207,480--$207,480
Current Officers, Directors, Trustees, and Key Employees-$174,997-$174,997
Other Employee Benefits-$20,746-$20,746
Other Salaries and Wages-$19,640-$19,640
Office Expenses$18,379--$18,379
Payroll Taxes-$14,324-$14,324
Occupancy$11,375--$11,375
Insurance$10,638--$10,638
Fees for Services Accounting-$8,624-$8,624
Travel$6,250--$6,250
Advertising$5,567--$5,567
Pension Plan Contributions-$5,302-$5,302
Other Expenses$663--$663
Total Functional Expenses$270,125$532,038$0$802,163

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$802,163
Total Expenses per Audited Statements$802,163
Total Expenses per Form 990$802,163
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$2,251,968
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, Section B, Line 11B

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

Form 990, Part VI, Section C, Line 19

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
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
4

Preparer

Firm
Keller CPA Group
Address
504 Maple St, Murray, KY 42071
Preparer
Nathan L Crafton
Phone
2707530274
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IRS990/MissionDesc0TO PROVIDE COMMUNITY AND ECONOMIC DEVELOPMENT SERVICES TO THE MURRAY AND CALLOWAY COUNTY KENTUCKY AREAS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06137339
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05800082
IRS990/NetAssetsOrFundBalancesBOYAmt08532026
IRS990/NetAssetsOrFundBalancesEOYAmt08563091
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt06049
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06049
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0739081
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0739081
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08532026
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08563091
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt011375
IRS990/OccupancyGrp/TotalAmt011375
IRS990/OfficeExpensesGrp/ProgramServicesAmt018379
IRS990/OfficeExpensesGrp/TotalAmt018379
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03708000
IRS990/OtherAssetsTotalGrp/EOYAmt03352031
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020746
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020746
IRS990/OtherExpensesGrp/Desc0INDUSTRIAL PARK EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt09773
IRS990/OtherExpensesGrp/ProgramServicesAmt1663
IRS990/OtherExpensesGrp/TotalAmt09773
IRS990/OtherExpensesGrp/TotalAmt1663
IRS990/OtherLiabilitiesGrp/BOYAmt02491115
IRS990/OtherLiabilitiesGrp/EOYAmt02251968
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019640
IRS990/OtherSalariesAndWagesGrp/TotalAmt019640
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0349745
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0211940
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014324
IRS990/PayrollTaxesGrp/TotalAmt014324
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05302
IRS990/PensionPlanContributionsGrp/TotalAmt05302
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADMIN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020000
IRS990/ProgSrvcAccomActy2Grp/Desc0ALL OTHER ACCOMPLISHMENT ECONOMIC DEVELOPMENT FOR MURRAY KY AND CALLOWAY COUNTY KY
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0330773
IRS990/PYInvestmentIncomeAmt012555
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0578800
IRS990/PYOtherRevenueAmt0722351
IRS990/PYProgramServiceRevenueAmt040000
IRS990/PYRevenuesLessExpensesAmt0242628
IRS990/PYSalariesCompEmpBnftPaidAmt0284251
IRS990/PYTotalExpensesAmt0863051
IRS990/PYTotalRevenueAmt01105679
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt031065
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0739081
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01060191
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt046007
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033846
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079853
IRS990ScheduleD/ExpensesSubtotalAmt0802163
IRS990ScheduleD/LandGrp/BookValueAmt02674997
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02674997
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03352031
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT IN SALES TYPE LEASE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09165871
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02518424
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011684295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02251968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED REVENUE
IRS990ScheduleD/RevenueSubtotalAmt0833228
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011886875
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03352031
IRS990ScheduleD/TotalExpensesPerForm990Amt0802163
IRS990ScheduleD/TotalLiabilityAmt02251968
IRS990ScheduleD/TotalRevenuePerForm990Amt0833228
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0833228
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0802163
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0174997
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09163
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK MANNING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0189410
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017164071
IRS990/TotalAssetsEOYAmt016658698
IRS990/TotalAssetsGrp/BOYAmt017164071
IRS990/TotalAssetsGrp/EOYAmt016658698
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt054454
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0532038
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0270125
IRS990/TotalFunctionalExpensesGrp/TotalAmt0802163
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08632045
IRS990/TotalLiabilitiesEOYAmt08095607
IRS990/TotalLiabilitiesGrp/BOYAmt08632045
IRS990/TotalLiabilitiesGrp/EOYAmt08095607
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08532026
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08563091
IRS990/TotalOtherCompensationAmt014413
IRS990/TotalProgramServiceExpensesAmt0269152
IRS990/TotalProgramServiceRevenueAmt020000
IRS990/TotalReportableCompFromOrgAmt0174997
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0778774
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0833228
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017164071
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016658698
IRS990/TravelGrp/ProgramServicesAmt06250

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$16.7$8.10$8.56$0.83$0.80$0.03
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
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$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