Civic Intelligence

Bowling Green Area Economic Development Authority Inc

990 • Fiscal year 2014 • EIN 61-1329659

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 03, 2015

Organization ProfileWWW.BGCHAMBER.ORG
710 College StreetBowling Green, KY 42101

(270) 781-3200

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.13x

Higher debt load relative to assets than 32% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

1.15x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Net Margin

29th percentile

-0.5%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

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

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Asset Growth

53rd percentile

4.9%

Faster asset growth than 53% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

14th percentile

-11%

Faster revenue growth than 14% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$7,792,900

Up $366,741 (+4.9%) from 2013

Net Assets

Down

$6,766,384

Down $4,154 (-0.1%) from 2013

Liabilities

Up

$1,026,516

Up $370,895 (+57%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin29th percentile

Revenue

Down

$891,363

Down $107,437 (-11%) from 2013

Expenses

Down

$895,517

Down $100,086 (-10%) from 2013

Net Income

Down

-$4,154

Down $7,351 (-230%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$10M$5.0M$0Assets 2011: $7,542,391Liabilities 2011: $1,041,499Net Assets 2011: $6,500,8922011Assets 2012: $7,473,656Liabilities 2012: $706,315Net Assets 2012: $6,767,3412012Assets 2013: $7,426,159Liabilities 2013: $655,621Net Assets 2013: $6,770,5382013Assets 2014: $7,792,900Liabilities 2014: $1,026,516Net Assets 2014: $6,766,3842014Assets 2015: $7,845,348Liabilities 2015: $865,993Net Assets 2015: $6,979,3552015Assets 2016: $7,741,677Liabilities 2016: $646,774Net Assets 2016: $7,094,9032016Assets 2017: $7,619,234Liabilities 2017: $623,833Net Assets 2017: $6,995,4012017Assets 2018: $7,001,794Liabilities 2018: $6,153Net Assets 2018: $6,995,6412018Assets 2019: $7,205,028Liabilities 2019: $57,177Net Assets 2019: $7,147,8512019Assets 2020: $8,078,721Liabilities 2020: $65,983Net Assets 2020: $8,012,7382020Assets 2021: $8,997,168Liabilities 2021: $63,812Net Assets 2021: $8,933,3562021Assets 2022: $8,693,334Liabilities 2022: $58,541Net Assets 2022: $8,634,7932022Assets 2023: $8,754,370Liabilities 2023: $6,485Net Assets 2023: $8,747,8852023Assets 2024: $8,907,856Liabilities 2024: $11,424Net Assets 2024: $8,896,4322024

Highlighted filing

2014

Assets$7,792,900
Liabilities$1,026,516
Net Assets$6,766,384
Open 2014 Filing

Operations Trend

Revenue Growth14th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,017,7592011Expenses 2012: $975,1322012Revenue 2013: $998,800Expenses 2013: $995,603Net Income 2013: $3,1972013Revenue 2014: $891,363Expenses 2014: $895,517Net Income 2014: -$4,1542014Revenue 2015: $3,836,532Expenses 2015: $3,623,561Net Income 2015: $212,9712015Revenue 2016: $1,946,884Expenses 2016: $1,831,336Net Income 2016: $115,5482016Revenue 2017: $869,354Expenses 2017: $968,856Net Income 2017: -$99,5022017Revenue 2018: $897,139Expenses 2018: $896,899Net Income 2018: $2402018Revenue 2019: $1,094,026Expenses 2019: $941,815Net Income 2019: $152,2112019Revenue 2020: $1,757,752Expenses 2020: $892,865Net Income 2020: $864,8872020Revenue 2021: $1,757,615Expenses 2021: $836,997Net Income 2021: $920,6182021Revenue 2022: $707,153Expenses 2022: $1,005,716Net Income 2022: -$298,5632022Revenue 2023: $1,120,837Expenses 2023: $1,007,745Net Income 2023: $113,0922023Revenue 2024: $1,172,528Expenses 2024: $1,023,981Net Income 2024: $148,5472024

Highlighted filing

2014

Revenue$891,363
Expenses$895,517
Net Income-$4,154
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 3, 2015
Return Version
2014v5.0
Gross Receipts
$891,363
Mission and Program Overview

Mission

The eda was organized to provide resources with an economic development vision to seek and assist in establishing industrial parks by offering incentive packages and creating a team for ongoing community development in the south central kentucky area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$1,061,656$3,855,682▲ $2,794,026
Land, Buildings, and Equipment, Net$2,159,060$2,010,249▼ $148,811
Savings and Temporary Cash Investments$3,567,767$1,791,827▼ $1,775,940
Cash and Non-Interest-Bearing Accounts$211,068$97,637▼ $113,431
Other Notes and Loans Receivable, Net$60,000$20,000▼ $40,000
Prepaid Expenses and Deferred Charges$17,751$16,773▼ $978
Accounts Receivable$1,953$440▼ $1,513
Total Assets$7,426,159$7,792,900▲ $366,741
Other Assets Total$346,904$292▼ $346,612
Liabilities
Accounts Payable and Accrued Expenses$8,480$713,656▲ $705,176
Mortgage Notes Payable Secured by Investment Property$549,729$192,152▼ $357,577
Deferred Revenue$97,412$120,708▲ $23,296
Total Liabilities$655,621$1,026,516▲ $370,895
Net Assets / Fund Balance
Unrestricted Net Assets$6,770,538$6,766,384▼ $4,154
Total Net Assets Fund Balance$6,770,538$6,766,384▼ $4,154
Total Liabilities and Net Assets / Fund Balance$7,426,159$7,792,900▲ $366,741

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,647,024$3,365,658$5,012,682
Land$349,213-$349,213
Other Land Buildings$12,318$9,375$21,693
Equipment$1,694$3,061$4,755
Compensation and Service Providers
Top Officer Pay10th percentile

Board Members and Trustees

NameTitle
Brad HowardChair
Ron BunchPresident/CEO
John Mark FonesVice Chair
Alex NottmeierDirector
Ann PuckettDirector
Bill GreerDirector
Craig MccormickDirector
Doug GormanDirector
Gary DillardDirector
Kim ThomasDirector
Michael MurphyDirector
Rick WilsonDirector
Rob PorterDirector
Rodney RogersDirector
Greg BurrellEx Officio Director
Jeff MeiselEx Officio Director
Tommy AdamsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$187,500
Program Service Revenue
$691,684
Investment Income
$11,310
Other Revenue
$869
Change in Net Assets
$-4,154

Audited Revenue Reconciliation

Revenue per Audited Statements
$891,363
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$891,363
Total Revenue per Form 990
$891,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$895,517
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 Management---$493,760
Advertising---$188,098
Depreciation Depletion---$149,988
Interest---$29,143
Fees for Services Accounting---$15,967
Insurance---$6,856
Fees for Services Legal---$5,587
Office Expenses---$4,616
Other Expenses---$389
Total Functional Expenses$0$0$0$895,517

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$895,517
Total Expenses per Audited Statements$895,517
Total Expenses per Form 990$895,517
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Various members of the authority are banking officers with financial institutions within the community. As such, it can be commonly expected that the financial institutions have professional relationships with business owners who also serve as board members.”

Form 990, Part VI, Section A, Line 3

“The authority contracts with the bowling green chamber of commerce to provide all administrative and management services.”

Form 990, Part VI, Section B, Line 11

“Preliminary draft of 990 is reviewed by organization prior to filing with internal revenue service”

Form 990, Part VI, Section B, Line 12C

“Organization directors are required to sign conflict of interest disclosures upon becoming a director. In addition, every director is required to update disclosure annually.”

Form 990, Part VI, Section C, Line 19

“Organizational documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Bowling Green Area Economic
EIN
61-1329659
Phone
2707813200
Address
710 COLLEGE STREET, BOWLING GREEN, KY 42101

Signing Officer

Name
Ron Bunch
Title
President & CEO
Phone
2707813200
Signed
2015-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Bunch
Formed
1998
Legal Domicile
Ky
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Carr Riggs & Ingram LLC
Address
927 COLLEGE STREET, BOWLING GREEN, KY 42102-0104
Preparer
Mills L White Jr
Phone
2707820700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The authority recognizes uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. The guidance prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2014 and 2013, the authority has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. With a few exceptions, the organization is no longer subject to tax reporting examinations by the federal authorities for the years ended december 31, 2010 and prior.”

Raw XML AppendixShowing 400 of 439 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/TitleTxt15SECRETARY
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE EDA WAS ORGANIZED TO PROVIDE RESOURCES WITH AN ECONOMIC DEVELOPMENT VISION TO SEEK AND ASSIST IN ESTABLISHING INDUSTRIAL PARKS BY OFFERING INCENTIVE PACKAGES AND CREATING A TEAM FOR ONGOING COMMUNITY DEVELOPMENT IN THE SOUTH CENTRAL KENTUCKY AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0549729
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0192152
IRS990/NetAssetsOrFundBalancesBOYAmt06770538
IRS990/NetAssetsOrFundBalancesEOYAmt06766384
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt04616
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0346904
IRS990/OtherAssetsTotalGrp/EOYAmt0292
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1PROPERTY TAXES
IRS990/OtherExpensesGrp/TotalAmt01113
IRS990/OtherExpensesGrp/TotalAmt1389
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0869
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0869
IRS990/OtherRevenueTotalAmt0869
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt060000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020000
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017751
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016773
IRS990/PrincipalOfficerNm0RON BUNCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL - STOODY BUILDI
IRS990/ProgramServiceRevenueGrp/Desc1LEASING INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0672940
IRS990/ProgramServiceRevenueGrp/ExclusionAmt118744
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0672940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118744
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0250000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014259
IRS990/PYOtherExpensesAmt0995603
IRS990/PYOtherRevenueAmt026327
IRS990/PYProgramServiceRevenueAmt0708214
IRS990/PYRevenuesLessExpensesAmt03197
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0995603
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0998800
IRS990/ReconcilationRevenueExpnssAmt0-4154
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03567767
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01791827
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01647024
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03365658
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05012682
IRS990ScheduleD/EquipmentGrp/BookValueAmt01694
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03061
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04755
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0895517
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0349213
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0349213
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012318
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09375
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021693
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0891363
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AUTHORITY RECOGNIZES UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. THE GUIDANCE PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2014 AND 2013, THE AUTHORITY HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH A FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX REPORTING EXAMINATIONS BY THE FEDERAL AUTHORITIES FOR THE YEARS ENDED DECEMBER 31, 2010 AND PRIOR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02010249
IRS990ScheduleD/TotalExpensesPerForm990Amt0895517
IRS990ScheduleD/TotalRevenuePerForm990Amt0891363
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0891363
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0895517
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BB&T BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1INDEPENDENCE BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2CITIZENS FIRST BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3CHASE BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt4US BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd50
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EDA DIRECTOR RICK WILSON IS AN OFFICER WITH BB&T BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1EDA DIRECTOR BRAD HOWARD IS AN OFFICER WITH INDEPENDENCE BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2EDA DIRECTOR KIM THOMAS IS AN OFFICER WITH CITIZENS FIRST BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3EDA DIRECTOR ROB PORTER IS AN OFFICER WITH CHASE BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4EDA DIRECTOR CRAIG MCCORMICK IS AN OFFICER WITH US BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VARIOUS MEMBERS OF THE AUTHORITY ARE BANKING OFFICERS WITH FINANCIAL INSTITUTIONS WITHIN THE COMMUNITY. AS SUCH, IT CAN BE COMMONLY EXPECTED THAT THE FINANCIAL INSTITUTIONS HAVE PROFESSIONAL RELATIONSHIPS WITH BUSINESS OWNERS WHO ALSO SERVE AS BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUTHORITY CONTRACTS WITH THE BOWLING GREEN CHAMBER OF COMMERCE TO PROVIDE ALL ADMINISTRATIVE AND MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRELIMINARY DRAFT OF 990 IS REVIEWED BY ORGANIZATION PRIOR TO FILING WITH INTERNAL REVENUE SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST DISCLOSURES UPON BECOMING A DIRECTOR. IN ADDITION, EVERY DIRECTOR IS REQUIRED TO UPDATE DISCLOSURE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07426159
IRS990/TotalAssetsEOYAmt07792900
IRS990/TotalAssetsGrp/BOYAmt07426159
IRS990/TotalAssetsGrp/EOYAmt07792900
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0187500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0895517
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0655621
IRS990/TotalLiabilitiesEOYAmt01026516
IRS990/TotalLiabilitiesGrp/BOYAmt0655621
IRS990/TotalLiabilitiesGrp/EOYAmt01026516
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06770538
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06766384
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0691684
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0702994
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0869
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0891363
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt017
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07426159
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07792900
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06770538

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
$7,792,900
Liabilities
$1,026,516
Net assets
$6,766,384
Revenue
$891,363
Expenses
$895,517
Net income
-$4,154
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.91$0.01$8.90$1.17$1.02$0.15
2023Detailed filing. Detailed filing data is available for this year.$8.75$0.01$8.75$1.12$1.01$0.11
2022Detailed filing. Detailed filing data is available for this year.$8.69$0.06$8.63$0.71$1.01$0.30
2021Detailed filing. Detailed filing data is available for this year.$9.00$0.06$8.93$1.76$0.84$0.92
2020Detailed filing. Detailed filing data is available for this year.$8.08$0.07$8.01$1.76$0.89$0.86
2019Detailed filing. Detailed filing data is available for this year.$7.21$0.06$7.15$1.09$0.94$0.15
2018Detailed filing. Detailed filing data is available for this year.$7.00$0.01$7.00$0.90$0.90$0.00
2017Detailed filing. Detailed filing data is available for this year.$7.62$0.62$7.00$0.87$0.97$0.10
2016Summary only. Only limited summary data is available for this year.$7.74$0.65$7.09$1.95$1.83$0.12
2015Summary only. Only limited summary data is available for this year.$7.85$0.87$6.98$3.84$3.62$0.21
2014Detailed filing. Detailed filing data is available for this year.$7.79$1.03$6.77$0.89$0.90$0.00
2013Detailed filing. Detailed filing data is available for this year.$7.43$0.66$6.77$1.00$1.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.47$0.71$6.77$0.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.54$1.04$6.50$1.02