Civic Intelligence

Bell Co Economic Development Fdtn Inc

990 • Fiscal year 2014 • EIN 61-1101518

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

Organization ProfileN/A
PO Box 788Middlesboro, KY 40965-0788

(606) 248-1075

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Net Margin

1st percentile

-638%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Asset Growth

24th percentile

-3.5%

Faster asset growth than 24% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

98th percentile

467%

Faster revenue growth than 98% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$2,241,986

Down $80,948 (-3.5%) from 2013

Net Assets

Down

$2,241,986

Down $80,948 (-3.5%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin1st percentile

Revenue

Up

$12,695

Up $10,456 (+467%) from 2013

Expenses

Down

$93,643

Down $17,281 (-16%) from 2013

Net Income

Up

-$80,948

Up $27,737 (+26%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,368,392Liabilities 2010: $0Net Assets 2010: $2,368,3922010Assets 2011: $2,355,699Liabilities 2011: $0Net Assets 2011: $2,355,6992011Assets 2012: $2,431,619Liabilities 2012: $0Net Assets 2012: $2,431,6192012Assets 2013: $2,322,934Liabilities 2013: $0Net Assets 2013: $2,322,9342013Assets 2014: $2,241,986Liabilities 2014: $0Net Assets 2014: $2,241,9862014Assets 2015: $2,185,188Liabilities 2015: $0Net Assets 2015: $2,185,1882015Assets 2016: $2,146,992Liabilities 2016: $0Net Assets 2016: $2,146,9922016Assets 2017: $2,151,195Liabilities 2017: $0Net Assets 2017: $2,151,1952017Assets 2018: $2,134,988Liabilities 2018: $0Net Assets 2018: $2,134,9882018Assets 2019: $2,216,832Liabilities 2019: $0Net Assets 2019: $2,216,8322019Assets 2020: $2,149,698Liabilities 2020: $0Net Assets 2020: $2,149,6982020Assets 2021: $2,131,551Liabilities 2021: $0Net Assets 2021: $2,131,5512021Assets 2022: $2,275,191Liabilities 2022: $0Net Assets 2022: $2,275,1912022Assets 2023: $1,532,476Liabilities 2023: $0Net Assets 2023: $1,532,4762023Assets 2024: $1,478,659Liabilities 2024: $0Net Assets 2024: $1,478,6592024

Highlighted filing

2014

Assets$2,241,986
Liabilities$0
Net Assets$2,241,986
Open 2014 Filing

Operations Trend

Revenue Growth98th percentile

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

$500K$0-$500K-$1.0MRevenue 2010: $114,260Expenses 2010: $38,080Net Income 2010: $76,1802010Expenses 2011: $49,3832011Revenue 2012: $126,553Expenses 2012: $50,633Net Income 2012: $75,9202012Revenue 2013: $2,239Expenses 2013: $110,924Net Income 2013: -$108,6852013Revenue 2014: $12,695Expenses 2014: $93,643Net Income 2014: -$80,9482014Revenue 2015: $176,426Expenses 2015: $233,224Net Income 2015: -$56,7982015Revenue 2016: $311,918Expenses 2016: $350,114Net Income 2016: -$38,1962016Revenue 2017: $199,556Expenses 2017: $195,353Net Income 2017: $4,2032017Revenue 2018: $113,468Expenses 2018: $139,145Net Income 2018: -$25,6772018Revenue 2019: $226,854Expenses 2019: $145,010Net Income 2019: $81,8442019Revenue 2020: $106,784Expenses 2020: $173,918Net Income 2020: -$67,1342020Revenue 2021: $72,049Expenses 2021: $90,196Net Income 2021: -$18,1472021Revenue 2022: $259,303Expenses 2022: $115,663Net Income 2022: $143,6402022Revenue 2023: -$632,573Expenses 2023: $110,142Net Income 2023: -$742,7152023Revenue 2024: $33,722Expenses 2024: $87,539Net Income 2024: -$53,8172024

Highlighted filing

2014

Revenue$12,695
Expenses$93,643
Net Income-$80,948
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$12,695
Mission and Program Overview

Mission

To promote business and economic development in bell county kentucky with the goal of having new corporations establish facilities within bell county.

To promote business and economic development in bell county kentucky.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,322,934$2,241,986▼ $80,948
Land, Buildings, and Equipment, Net$1,910,606$1,910,606→ $0
Savings and Temporary Cash Investments$412,328$331,380▼ $80,948
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,322,934$2,241,986▼ $80,948
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,322,934$2,241,986▼ $80,948
Total Liabilities and Net Assets / Fund Balance$2,322,934$2,241,986▼ $80,948

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,910,606--
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Vic AdamsPresident
Bo GreenBoard Member
David CookBoard Member
Dempsey MiracleBoard Member
Jay SteeleBoard Member
Larry GrandeyBoard Member
Mike LongBoard Member
Mike SchneiderBoard Member
Milton BrooksBoard Member
Pat BinghamBoard Member
Baylor FultonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,495
Program Service Revenue
$0
Investment Income
$1,200
Other Revenue
$0
Change in Net Assets
$-80,948

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,695
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,695
Total Revenue per Form 990
$12,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,643
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$46,699--$46,699
Fees for Services Accounting-$6,250-$6,250
Fees for Services Legal-$4,098-$4,098
Insurance$350--$350
Other Expenses$314$12,000-$314
Total Functional Expenses$71,295$22,348$0$93,643

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$93,643
Total Expenses per Audited Statements$93,643
Total Expenses per Form 990$93,643
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 A, Line 2

“The treasurer is employed by a bank where other members maintain personal and corporate accounts.”

Form 990, Part VI, Section B, Line 11

“The completed 990 return is presented to the board at its monthly meeting and reviewed before filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bell Co Economic Development Fdtn Inc
EIN
61-1101518
Phone
6062481075
Address
PO BOX 788, MIDDLESBORO, KY 40965-0788

Signing Officer

Name
Baylor Fulton
Title
Treasurer
Phone
6062481075
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Baylor Fulton
Formed
1986
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Jones Nale & Mattingly Plc
Address
642 SOUTH FOURTH ST STE 300, LOUISVILLE, KY 40202
Preparer
David R Price
Phone
5025830248
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees: program service expenses 46,699. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,699.”

Financial Statement Notes

PART X, LINE 2:

“Bell county economic development foundation, inc., qualifies as a tax exempt organization under section 501(c)(4) of the internal revenue code and, accordingly, no provision for federal and state income taxes has been made in these statements. The foundation's accounting policy provides that a tax expense/benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The foundation has no uncertain tax positions resulting in an accrual of tax expense or benefit. The foundation's federal return of organization exempt from income tax is subject to possible examination by the taxing authorities until the expiration of the related statutes of limitations on the return, which is generally three years.”

Raw XML Appendix353 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BELL COUNTY ECONOMIC DEVELOPMENT FOUNDATION, INC., QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN MADE IN THESE STATEMENTS. THE FOUNDATION'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. THE FOUNDATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IS SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THE RETURN, WHICH IS GENERALLY THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01910606
IRS990ScheduleD/TotalExpensesPerForm990Amt093643
IRS990ScheduleD/TotalRevenuePerForm990Amt012695
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012695
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt093643
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER IS EMPLOYED BY A BANK WHERE OTHER MEMBERS MAINTAIN PERSONAL AND CORPORATE ACCOUNTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLETED 990 RETURN IS PRESENTED TO THE BOARD AT ITS MONTHLY MEETING AND REVIEWED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING FEES: PROGRAM SERVICE EXPENSES 46,699. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,699.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02322934
IRS990/TotalAssetsEOYAmt02241986
IRS990/TotalAssetsGrp/BOYAmt02322934
IRS990/TotalAssetsGrp/EOYAmt02241986
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011495
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022348
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt071295
IRS990/TotalFunctionalExpensesGrp/TotalAmt093643
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02322934
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02241986
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt071295
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012695
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02322934
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02241986
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 788
IRS990/USAddress/CityNm0MIDDLESBORO
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd0409650788
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BAYLOR FULTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06062481075
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELL CO ECONOMIC DEVELOPMENT FDTN INC
ReturnHeader/Filer/BusinessNameControlTxt0BELL
ReturnHeader/Filer/EIN0611101518
ReturnHeader/Filer/PhoneNum06062481075
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 788
ReturnHeader/Filer/USAddress/CityNm0MIDDLESBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd0409650788
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0610420207
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES NALE & MATTINGLY PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0642 SOUTH FOURTH ST STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040202
ReturnHeader/PreparerPersonGrp/PhoneNum05025830248
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID R PRICE
ReturnHeader/ReturnTs02015-11-12T08:03:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,241,986
Liabilities
$0
Net assets
$2,241,986
Revenue
$12,695
Expenses
$93,643
Net income
-$80,948
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.03$0.09$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.63$0.11$0.74
2022Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$0.26$0.12$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.07$0.09$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.11$0.17$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.23$0.15$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.11$0.14$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.20$0.20$0.00
2016Summary only. Only limited summary data is available for this year.$2.15$0.00$2.15$0.31$0.35$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.18$0.23$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.01$0.09$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.00$0.11$0.11
2012Summary only. Only limited summary data is available for this year.$2.43$0.00$2.43$0.13$0.05$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.00$2.36$0.05
2010Summary only. Only limited summary data is available for this year.$2.37$0.00$2.37$0.11$0.04$0.08