Civic Intelligence

Industrial Developement Board of Mcminn County

990 • Fiscal year 2020 • EIN 62-1150835

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 12, 2020

Organization ProfileN/A
9 East Madison Avenue Suite 201Athens, TN 37303

(423) 745-1506

Siviq Scores

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

Liabilities / Assets

89th percentile

0.59x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

75th percentile

0.46x

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

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

Net Margin

29th percentile

-1.1%

Higher net margin than 29% 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

17th percentile

-7.4%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

100th percentile

9537%

Faster revenue growth than 100% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$2,386,681

Down $191,942 (-7.4%) from 2019

Net Assets

Down

$977,211

Down $30,882 (-3.1%) from 2019

Liabilities

Down

$1,409,470

Down $161,060 (-10%) from 2019

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin29th percentile

Revenue

Up

$3,063,231

Up $3,031,445 (+9537%) from 2019

Expenses

Up

$3,095,686

Up $3,033,529 (+4880%) from 2019

Net Income

Down

-$32,455

Down $2,084 (-6.9%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $6,793Liabilities 2012: $02012Assets 2013: $29,052Liabilities 2013: $0Net Assets 2013: $29,0522013Assets 2014: $19,018Net Assets 2014: $19,0182014Assets 2015: $24,290Liabilities 2015: $0Net Assets 2015: $24,2902015Assets 2016: $49,032Liabilities 2016: $0Net Assets 2016: $49,0322016Assets 2017: $287,441Liabilities 2017: $0Net Assets 2017: $287,4412017Assets 2018: $2,585,436Liabilities 2018: $0Net Assets 2018: $2,585,4362018Assets 2019: $2,578,623Liabilities 2019: $1,570,530Net Assets 2019: $1,008,0932019Assets 2020: $2,386,681Liabilities 2020: $1,409,470Net Assets 2020: $977,2112020Assets 2021: $2,199,297Liabilities 2021: $1,245,160Net Assets 2021: $954,1372021Assets 2022: $2,026,809Liabilities 2022: $1,107,538Net Assets 2022: $919,2712022

Highlighted filing

2020

Assets$2,386,681
Liabilities$1,409,470
Net Assets$977,211
Open 2020 Filing

Operations Trend

Revenue Growth100th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $4,750Expenses 2012: $386Net Income 2012: $4,3642012Expenses 2013: $609,5512013Revenue 2014: $14,500Expenses 2014: $24,534Net Income 2014: -$10,0342014Revenue 2015: $520,626Expenses 2015: $515,354Net Income 2015: $5,2722015Revenue 2016: $2,652,538Expenses 2016: $2,627,796Net Income 2016: $24,7422016Revenue 2017: $288,137Expenses 2017: $49,728Net Income 2017: $238,4092017Revenue 2018: $2,314,205Expenses 2018: $16,210Net Income 2018: $2,297,9952018Revenue 2019: $31,786Expenses 2019: $62,157Net Income 2019: -$30,3712019Revenue 2020: $3,063,231Expenses 2020: $3,095,686Net Income 2020: -$32,4552020Revenue 2021: $27,774Expenses 2021: $50,848Net Income 2021: -$23,0742021Revenue 2022: $22,659Expenses 2022: $57,525Net Income 2022: -$34,8662022

Highlighted filing

2020

Revenue$3,063,231
Expenses$3,095,686
Net Income-$32,455
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$3,063,231
Mission and Program Overview

Mission

Industrial development per schedule o

Performs a public function on behalf of the county and its primary purpose is finance, acquire, own, lease, or dispose of porperties, to that end we may be able to maintain and increase employment opportunties, increase production of agricultural commodities, and increase th quantity of housing available in affected maunicipalities by promoting industry, trade,commerce , tourism and recreation, agriculture and housing contruction by inducing manufacturing, industrial, governmental, enducational, financial, service, commercial, recreational and agricultural enterprise to locate or remain in mcminn county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,887,250$1,887,250→ $0
Savings and Temporary Cash Investments$568,745$402,202▼ $166,543
Cash and Non-Interest-Bearing Accounts$124,201$97,229▼ $26,972
Total Assets$2,580,196$2,386,681▼ $193,515
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,541,150$1,383,276▼ $157,874
Other Liabilities$29,380$26,194▼ $3,186
Total Liabilities$1,570,530$1,409,470▼ $161,060
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$413,945$595,721▲ $181,776
Net Assets With Donor Restrictions$595,721$381,490▼ $214,231
Total Net Assets Fund Balance$1,009,666$977,211▼ $32,455
Total Liabilities and Net Assets / Fund Balance$2,580,196$2,386,681▼ $193,515

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,887,250--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Frank SnyderChairman
Jeff CunninghamVice Chairma
Allen CarterMember
Bob FosterMember
Clint HoldenMember
Murry WillisMember
Phil TuggleMember
Shirley WoodcockMember
Paul WillsonSec/tres
Revenue and Support

Revenue Composition

Contributions and Grants
$3,035,000
Program Service Revenue
$22,478
Investment Income
$5,753
Other Revenue
$0
Change in Net Assets
$-32,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,035,000
Other Expenses$60,686
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,035,000--$3,035,000
Interest$26,194--$26,194
Fees for Services Other$20,738--$20,738
Fees for Services Accounting$12,000--$12,000
Insurance$1,309--$1,309
Advertising$274--$274
Other Expenses$171--$171
Total Functional Expenses$3,095,686$0$0$3,095,686
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Denso ManufacturingAthens, TN-Industry Development$2,325,000
Abb ProductsAthens, TN-Industrial Developme$710,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$26,194
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

“REVIEW BY BOARD”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Industrial Development Board of
EIN
62-1150835
Address
9 EAST MADISON AVENUE SUITE 201, ATHENS, TN 37303

Signing Officer

Name
Frank Snyder
Title
Chairman
Phone
4237451506
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Snyder
Formed
1964
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Warrenjackson Cpas Pllc
Address
606 S MAIN STE C, SWEETWATER, TN 37874-2731
Preparer
David P Bales CPA
Phone
4233375003
Raw XML Appendix323 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/EOYAmt02386681
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ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK SNYDER
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ReturnHeader/BusinessOfficerGrp/PhoneNum04237451506
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRIAL DEVELOPMENT BOARD OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MCMINN COUNTY
ReturnHeader/Filer/BusinessNameControlTxt0INDU
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ReturnHeader/Filer/USAddress/AddressLine1Txt09 EAST MADISON AVENUE SUITE 201
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:01:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621874228
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID P BALES CPA
ReturnHeader/ReturnTs02020-12-14T15:01:22-06:00
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
$2,386,681
Liabilities
$1,409,470
Net assets
$977,211
Revenue
$3,063,231
Expenses
$3,095,686
Net income
-$32,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.03$1.11$0.92$0.02$0.06$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.20$1.25$0.95$0.03$0.05$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.39$1.41$0.98$3.06$3.10$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.58$1.57$1.01$0.03$0.06$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.59$0.00$2.59$2.31$0.02$2.30
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.29$0.05$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$2.65$2.63$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.52$0.52$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.01$0.02$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.61
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00