Civic Intelligence

Industrial Development Board of Mayfield-Graves County Inc

990 • Fiscal year 2020 • EIN 61-6042028

Oct 01, 2019 to Sep 30, 2020 • Filed on May 27, 2021

Organization ProfileN/A
201 E College StMayfield, KY 42066-2728

(270) 247-0626

Siviq Scores

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

Liabilities / Assets

96th percentile

0.86x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

382.24x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

31st percentile

-1.3%

Higher net margin than 31% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

87th percentile

38%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-39%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$697,234

Up $191,933 (+38%) from 2019

Net Assets

Down

$97,116

Down $20 (-0.0%) from 2019

Liabilities

Up

$600,118

Up $191,953 (+47%) from 2019

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin31st percentile

Revenue

Down

$1,570

Down $1,000 (-39%) from 2019

Expenses

Down

$1,590

Down $43,650 (-96%) from 2019

Net Income

Up

-$20

Up $42,650 (+100%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$800K$600K$400K$200K$0Assets 2011: $612,381Liabilities 2011: $439,036Net Assets 2011: $173,3452011Assets 2012: $612,381Liabilities 2012: $436,400Net Assets 2012: $175,9812012Assets 2013: $612,381Liabilities 2013: $438,444Net Assets 2013: $173,9372013Assets 2014: $585,440Liabilities 2014: $415,655Net Assets 2014: $169,7852014Assets 2015: $549,239Liabilities 2015: $414,389Net Assets 2015: $134,8502015Assets 2016: $549,239Liabilities 2016: $412,590Net Assets 2016: $136,6492016Assets 2017: $549,239Liabilities 2017: $411,901Net Assets 2017: $137,3382017Assets 2018: $549,239Liabilities 2018: $409,433Net Assets 2018: $139,8062018Assets 2019: $505,301Liabilities 2019: $408,165Net Assets 2019: $97,1362019Assets 2020: $697,234Liabilities 2020: $600,118Net Assets 2020: $97,1162020Assets 2021: $473,570Liabilities 2021: $367,345Net Assets 2021: $106,2252021Assets 2022: $412,216Liabilities 2022: $194,055Net Assets 2022: $218,1612022Assets 2023: $190,485Liabilities 2023: $65,532Net Assets 2023: $124,9532023Assets 2024: $190,486Liabilities 2024: $63,887Net Assets 2024: $126,5992024Assets 2025: $190,486Liabilities 2025: $61,565Net Assets 2025: $128,9212025

Highlighted filing

2020

Assets$697,234
Liabilities$600,118
Net Assets$97,116
Open 2020 Filing

Operations Trend

Revenue Growth13th percentile

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

$200K$100K$0-$100KRevenue 2011: $0Expenses 2011: $36,554Net Income 2011: -$36,5542011Expenses 2012: $1,8232012Revenue 2013: $0Expenses 2013: $2,044Net Income 2013: -$2,0442013Revenue 2014: -$2,240Expenses 2014: $1,912Net Income 2014: -$4,1522014Revenue 2015: $3,382Expenses 2015: $38,317Net Income 2015: -$34,9352015Revenue 2016: $3,432Expenses 2016: $1,633Net Income 2016: $1,7992016Revenue 2017: $3,239Expenses 2017: $2,550Net Income 2017: $6892017Revenue 2018: $3,501Expenses 2018: $1,033Net Income 2018: $2,4682018Revenue 2019: $2,570Expenses 2019: $45,240Net Income 2019: -$42,6702019Revenue 2020: $1,570Expenses 2020: $1,590Net Income 2020: -$202020Revenue 2021: $9,909Expenses 2021: $800Net Income 2021: $9,1092021Revenue 2022: $113,610Expenses 2022: $1,674Net Income 2022: $111,9362022Revenue 2023: $2,557Expenses 2023: $95,765Net Income 2023: -$93,2082023Revenue 2024: $3,161Expenses 2024: $1,515Net Income 2024: $1,6462024Revenue 2025: $2,337Expenses 2025: $15Net Income 2025: $2,3222025

Highlighted filing

2020

Revenue$1,570
Expenses$1,590
Net Income-$20
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
May 27, 2021
Return Version
2019v5.0
Gross Receipts
$1,570
Mission and Program Overview

Mission

Promote economic development in mayfield and graves county ky

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$505,301$397,234▼ $108,067
Accounts Receivable-$300,000-
Rtn Earn Endowment Incm Other Fnds$97,136$97,116▼ $20
Total Assets$505,301$697,234▲ $191,933
Liabilities
Mortgage Notes Payable Secured by Investment Property$215,617$215,617→ $0
Accounts Payable and Accrued Expenses$192,548$192,568▲ $20
Deferred Revenue-$191,933-
Total Liabilities$408,165$600,118▲ $191,953
Net Assets / Fund Balance
Total Net Assets Fund Balance$97,136$97,116▼ $20
Total Liabilities and Net Assets / Fund Balance$505,301$697,234▲ $191,933

Asset Categories

AssetBook ValueDepreciationBasis
Land$397,234-$397,234
Equipment-$2,599-
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Keith LoweryPresident
Brent ShultzDirector
David LongDirector
Denise ThompsonDirector
Jesse PerryDirector
John AndersonDirector
KATHY O'NANDirector
Kyle YanceyDirector
Leigh Ann JarvisDirector
Marty NicholsDirector
Mike StatenDirector
Pete GallowayDirector
Richard HeathDirector
Richard McgillDirector
Tom WaldropDirector
Trevor BonnstetterDirector
Dave AndersonPast Preside
Andrew EllsionSec/treas
Brad DameVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,570
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-20
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,590
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---$815
Fees for Services Accounting---$775
Total Functional Expenses$0$0$0$1,590
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
Backup withholding compliance
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
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Industrial Development Board of
EIN
61-6042028
Phone
2702470626
Address
201 E COLLEGE ST, MAYFIELD, KY 42066-2728

Signing Officer

Name
Keith Lowery
Title
President
Phone
2702470626
Signed
2021-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Lowery
Formed
1968
Legal Domicile
Ky
Voting Board Members
19
Independent Board Members
19
Employees
0

Preparer

Firm
Cornman Bryan Watts & Elliott Cpas Pllc
Address
PO BOX 384, MAYFIELD, KY 42066-1801
Preparer
J Larry Stinson CPA
Phone
2702474190
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Repair and maintenance 800 0 0 fees 15 0 0 total 815 0 0”

Raw XML Appendix322 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/TotLiabNetAssetsFundBalanceGrp/EOYAmt0697234
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt08030 STATE ROUTE 129
IRS990/USAddress/CityNm0FULTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd042041
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH LOWERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02702470626
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRIAL DEVELOPMENT BOARD OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MAYFIELD-GRAVES COUNTY INC
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0616042028
ReturnHeader/Filer/PhoneNum02702470626
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 E COLLEGE ST
ReturnHeader/Filer/USAddress/CityNm0MAYFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd0420662728
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460659133
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORNMAN BRYAN WATTS & ELLIOTT CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 384
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAYFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0420661801
ReturnHeader/PreparerPersonGrp/PhoneNum02702474190
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J LARRY STINSON CPA
ReturnHeader/ReturnTs02021-06-08T09:20:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
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
$697,234
Liabilities
$600,118
Net assets
$97,116
Revenue
$1,570
Expenses
$1,590
Net income
-$20
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.90$0.62$1.29$0.02$0.00$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.90$0.64$1.27$0.03$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.90$0.66$1.25$0.03$0.96$0.93
2022Detailed filing. Detailed filing data is available for this year.$4.12$1.94$2.18$1.14$0.02$1.12
2021Detailed filing. Detailed filing data is available for this year.$4.74$3.67$1.06$0.10$0.01$0.09
2020Detailed filing. Detailed filing data is available for this year.$6.97$6.00$0.97$0.02$0.02$0.00
2019Detailed filing. Detailed filing data is available for this year.$5.05$4.08$0.97$0.03$0.45$0.43
2018Detailed filing. Detailed filing data is available for this year.$5.49$4.09$1.40$0.04$0.01$0.02
2017Detailed filing. Detailed filing data is available for this year.$5.49$4.12$1.37$0.03$0.03$0.01
2016Detailed filing. Detailed filing data is available for this year.$5.49$4.13$1.37$0.03$0.02$0.02
2015Detailed filing. Detailed filing data is available for this year.$5.49$4.14$1.35$0.03$0.38$0.35
2014Detailed filing. Detailed filing data is available for this year.$5.85$4.16$1.70$0.02$0.02$0.04
2013Summary only. Only limited summary data is available for this year.$6.12$4.38$1.74$0.00$0.02$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$4.36$1.76$0.02
2011Summary only. Only limited summary data is available for this year.$6.12$4.39$1.73$0.00$0.37$0.37