Civic Intelligence

Moreheadrowan Co Economic Development Council

990 • Fiscal year 2020 • EIN 61-1206371

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 26, 2020

Organization Profile
100 Lake Park DriveMorehead, KY 40351

(606) 784-5874

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.02x

Higher debt load relative to revenue than 20% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

61st percentile

9.3%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

36th percentile

1.0%

Faster asset growth than 36% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

-3.2%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$1,227,608

Up $12,395 (+1.0%) from 2019

Net Assets

Up

$1,223,299

Up $19,868 (+1.7%) from 2019

Liabilities

Down

$4,309

Down $7,473 (-63%) from 2019

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin61st percentile

Revenue

Down

$214,395

Down $7,073 (-3.2%) from 2019

Expenses

Down

$194,409

Down $25,109 (-11%) from 2019

Net Income

Up

$19,986

Up $18,036 (+925%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $265,385Liabilities 2011: $145,038Net Assets 2011: $120,3472011Assets 2012: $235,198Liabilities 2012: $143,894Net Assets 2012: $91,3042012Assets 2013: $239,761Liabilities 2013: $143,839Net Assets 2013: $95,9222013Assets 2014: $298,641Liabilities 2014: $144,485Net Assets 2014: $154,1562014Assets 2015: $1,219,651Liabilities 2015: $645Net Assets 2015: $1,219,0062015Assets 2016: $1,244,239Liabilities 2016: $1,682Net Assets 2016: $1,242,5572016Assets 2017: $1,231,494Liabilities 2017: $5,138Net Assets 2017: $1,226,3562017Assets 2018: $1,201,023Liabilities 2018: $2,226Net Assets 2018: $1,198,7972018Assets 2019: $1,215,213Liabilities 2019: $11,782Net Assets 2019: $1,203,4312019Assets 2020: $1,227,608Liabilities 2020: $4,309Net Assets 2020: $1,223,2992020Assets 2021: $2,313,319Liabilities 2021: $745Net Assets 2021: $2,312,5742021Assets 2022: $2,380,188Liabilities 2022: $1,395Net Assets 2022: $2,378,7932022Assets 2024: $2,335,607Liabilities 2024: $1,545Net Assets 2024: $2,334,0622024Assets 2025: $2,240,472Liabilities 2025: $1,586Net Assets 2025: $2,238,8862025

Highlighted filing

2020

Assets$1,227,608
Liabilities$4,309
Net Assets$1,223,299
Open 2020 Filing

Operations Trend

Revenue Growth63rd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $174,949Expenses 2011: $198,365Net Income 2011: -$23,4162011Revenue 2012: $194,007Expenses 2012: $223,048Net Income 2012: -$29,0412012Expenses 2013: $204,1712013Revenue 2014: $303,084Expenses 2014: $245,348Net Income 2014: $57,7362014Revenue 2015: $1,396,421Expenses 2015: $331,572Net Income 2015: $1,064,8492015Revenue 2016: $224,846Expenses 2016: $201,295Net Income 2016: $23,5512016Revenue 2017: $182,574Expenses 2017: $198,775Net Income 2017: -$16,2012017Revenue 2018: $201,568Expenses 2018: $229,062Net Income 2018: -$27,4942018Revenue 2019: $221,468Expenses 2019: $219,518Net Income 2019: $1,9502019Revenue 2020: $214,395Expenses 2020: $194,409Net Income 2020: $19,9862020Revenue 2021: $1,239,206Expenses 2021: $149,931Net Income 2021: $1,089,2752021Revenue 2022: $187,909Expenses 2022: $121,690Net Income 2022: $66,2192022Revenue 2024: $197,886Expenses 2024: $194,153Net Income 2024: $3,7332024Revenue 2025: $205,323Expenses 2025: $301,565Net Income 2025: -$96,2422025

Highlighted filing

2020

Revenue$214,395
Expenses$194,409
Net Income$19,986
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 26, 2020
Return Version
2019v5.1
Gross Receipts
$214,395
Mission and Program Overview

Mission

To promote economic growth and development in Rowan County

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$801,218$801,218→ $0
Cash and Non-Interest-Bearing Accounts$397,634$410,042▲ $12,408
Savings and Temporary Cash Investments$16,243$16,292▲ $49
Land, Buildings, and Equipment, Net$118$56▼ $62
Total Assets$1,215,213$1,227,608▲ $12,395
Liabilities
Accounts Payable and Accrued Expenses$11,782$4,309▼ $7,473
Total Liabilities$11,782$4,309▼ $7,473
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$918,900$1,223,299▲ $304,399
Net Assets With Donor Restrictions$284,531--
Total Net Assets Fund Balance$1,203,431$1,223,299▲ $19,868
Total Liabilities and Net Assets / Fund Balance$1,215,213$1,227,608▲ $12,395

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$23,440$23,440
Equipment$56$19,249$19,305
Leasehold Improvements-$56,256-
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Paul GoodpasterChairman
Russ WardVice Chairman
Jason SloneDirector
Joy BrownDirector
Robert HeltonExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$213,743
Program Service Revenue
$0
Investment Income
$652
Other Revenue
$0
All Other Contributions
$34,500
Change in Net Assets
$19,986

Audited Revenue Reconciliation

Revenue per Audited Statements
$214,395
Total Revenue per Audited Statements
$214,395
Total Revenue per Form 990
$214,395
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$119,958
Other Expenses$74,451
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-$84,704-$84,704
Travel$19,470$2,823-$22,293
Other Salaries and Wages-$20,296-$20,296
Fees for Services Accounting-$10,400-$10,400
All Other Expenses$6,278$3,104-$9,382
Occupancy$2,141$5,999-$8,140
Payroll Taxes-$7,104-$7,104
Other Employee Benefits-$4,704-$4,704
Advertising$3,650$166-$3,816
Office Expenses$739$3,024-$3,763
Pension Plan Contributions-$3,150-$3,150
Insurance$2,724--$2,724
Other Expenses$184$461-$461
Fees for Services Legal-$273-$273
Depreciation Depletion$62--$62
Total Functional Expenses$35,248$159,161$0$194,409

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$194,409
Total Expenses per Audited Statements$194,409
Total Expenses per Form 990$194,409
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
Yes
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

“Return and Financials Statements are presented and reviewed by the Executive Director and entire board”

CEO executive director top management comp Part VI line 15A

“Compensation is determined and voted on by the Board of Directors”

Other officer or key employee compensation Part VI line 15B

“Compensation is determined and voted on by the Board of Directors”

Form 990 availability to public Part VI line 18

“All records are open to public inspection upon request”

Governing documents etc available to public Part VI line 19

“All records are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
MoreheadRowan Co Economic Development Council
EIN
61-1206371
Address
100 Lake Park Drive, Morehead, KY 40351

Signing Officer

Name
Robert Helton
Title
Executive Direc
Phone
6067845874
Signed
2020-10-26
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Ky
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Donna J Hendrix PSC CPA
Address
PO Box 449, Morehead, KY 40351
Preparer
Sherman Sparks
Phone
6067844451
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Community Development- 17,397Contracted Services- 255Retail Strategies- 9999”

Raw XML Appendix339 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Return and Financials Statements are presented and reviewed by the Executive Director and entire board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation is determined and voted on by the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation is determined and voted on by the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All records are open to public inspection upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All records are available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Community Development- 17,397Contracted Services- 255Retail Strategies- 9999
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
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IRS990/TotalLiabilitiesEOYAmt04309
IRS990/TotalLiabilitiesGrp/BOYAmt011782
IRS990/TotalLiabilitiesGrp/EOYAmt04309
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01203431
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01223299
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt035248
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0652
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0214395
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01215213
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01227608
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt02823
IRS990/TravelGrp/ProgramServicesAmt019470
IRS990/TravelGrp/TotalAmt022293
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Helton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum06067845874
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MoreheadRowan Co Economic Development Council
ReturnHeader/Filer/BusinessNameControlTxt0MORE
ReturnHeader/Filer/EIN0611206371
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 Lake Park Drive
ReturnHeader/Filer/USAddress/CityNm0Morehead
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040351
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06128D7A37771D328B4911CC0EDEC5DFB84851651
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06128D7A37771D328B4911CC0EDEC5DFB84851651
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06122342020302qcd4wrm
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-10-28
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.96.211.217
ReturnHeader/FilingSecurityInformation/IPDt02020-10-28
ReturnHeader/FilingSecurityInformation/IPTm009:48:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205528401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Donna J Hendrix PSC CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 449
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Morehead
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040351
ReturnHeader/PreparerPersonGrp/PhoneNum06067844451
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sherman Sparks
ReturnHeader/ReturnTs02020-10-26T11:29:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,227,608
Liabilities
$4,309
Net assets
$1,223,299
Revenue
$214,395
Expenses
$194,409
Net income
$19,986
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.00$2.24$0.21$0.30$0.10
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$0.00$2.33$0.20$0.19$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.00$2.38$0.19$0.12$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.00$2.31$1.24$0.15$1.09
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.22$0.21$0.19$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.01$1.20$0.22$0.22$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.20$0.23$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.01$1.23$0.18$0.20$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.00$1.24$0.22$0.20$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$1.40$0.33$1.06
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.14$0.15$0.30$0.25$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.14$0.10$0.20
2012Summary only. Only limited summary data is available for this year.$0.24$0.14$0.09$0.19$0.22$0.03
2011Summary only. Only limited summary data is available for this year.$0.27$0.15$0.12$0.17$0.20$0.02