Civic Intelligence

Economic Development Association

EIN 63-0577301 • 501(c)6 • Decatur, AL

View Organization Page

Profile

Economic development in morgan county, alabama

300 Market Street NE Suite 2Decatur, AL 35601

www.mceda.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.10x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.54x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

86th percentile

23%

Higher net margin than 86% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

76th percentile

16%

Faster asset growth than 76% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$2,593,491

Up $132,217 (+5.4%) from 2023

Liabilities

Up

$243,045

Up $356 (+0.1%) from 2023

Net Assets

Up

$2,350,446

Up $131,861 (+5.9%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin86th percentile

Revenue

Up

$467,770

Up $19,553 (+4.4%) from 2023

Expenses

Down

$335,909

Down $10,427 (-3.0%) from 2023

Net Income

Up

$131,861

Up $29,980 (+29%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $1,159,150Liabilities 2010: $114,825Net Assets 2010: $1,044,3252010Assets 2011: $1,220,428Liabilities 2011: $89,018Net Assets 2011: $1,131,4102011Assets 2012: $1,244,653Liabilities 2012: $26,699Net Assets 2012: $1,217,9542012Assets 2013: $1,297,070Liabilities 2013: $16,364Net Assets 2013: $1,280,7062013Assets 2014: $1,402,613Liabilities 2014: $8,435Net Assets 2014: $1,394,1782014Assets 2015: $1,464,247Liabilities 2015: $7,263Net Assets 2015: $1,456,9842015Assets 2016: $1,563,048Liabilities 2016: $323Net Assets 2016: $1,562,7252016Assets 2017: $1,609,635Liabilities 2017: $323Net Assets 2017: $1,609,3122017Assets 2018: $1,655,147Liabilities 2018: $3,956Net Assets 2018: $1,651,1912018Assets 2019: $1,781,068Liabilities 2019: $7,398Net Assets 2019: $1,773,6702019Assets 2020: $1,915,305Liabilities 2020: $2,155Net Assets 2020: $1,913,1502020Assets 2021: $2,039,638Liabilities 2021: $4,440Net Assets 2021: $2,035,1982021Assets 2022: $2,122,081Liabilities 2022: $5,377Net Assets 2022: $2,116,7042022Assets 2023: $2,461,274Liabilities 2023: $242,689Net Assets 2023: $2,218,5852023Assets 2024: $2,593,491Liabilities 2024: $243,045Net Assets 2024: $2,350,4462024

Highlighted filing

2024

Assets$2,593,491
Liabilities$243,045
Net Assets$2,350,446
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Expenses 2010: $309,6572010Revenue 2011: $371,866Expenses 2011: $284,781Net Income 2011: $87,0852011Expenses 2012: $282,2082012Expenses 2013: $301,4332013Revenue 2014: $375,676Expenses 2014: $262,204Net Income 2014: $113,4722014Revenue 2015: $375,371Expenses 2015: $312,565Net Income 2015: $62,8062015Revenue 2016: $374,786Expenses 2016: $269,045Net Income 2016: $105,7412016Revenue 2017: $377,021Expenses 2017: $330,434Net Income 2017: $46,5872017Revenue 2018: $351,877Expenses 2018: $309,998Net Income 2018: $41,8792018Revenue 2019: $398,749Expenses 2019: $276,270Net Income 2019: $122,4792019Revenue 2020: $409,829Expenses 2020: $270,349Net Income 2020: $139,4802020Revenue 2021: $395,859Expenses 2021: $273,811Net Income 2021: $122,0482021Revenue 2022: $382,417Expenses 2022: $300,911Net Income 2022: $81,5062022Revenue 2023: $448,217Expenses 2023: $346,336Net Income 2023: $101,8812023Revenue 2024: $467,770Expenses 2024: $335,909Net Income 2024: $131,8612024

Highlighted filing

2024

Revenue$467,770
Expenses$335,909
Net Income$131,861
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,593,491
Liabilities
$243,045
Net assets
$2,350,446
Revenue
$467,770
Expenses
$335,909
Net income
$131,861
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.59$0.24$2.35$0.47$0.34$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.46$0.24$2.22$0.45$0.35$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.12$0.01$2.12$0.38$0.30$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$0.40$0.27$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.91$0.41$0.27$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.78$0.01$1.77$0.40$0.28$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.65$0.35$0.31$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.38$0.33$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.37$0.27$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.46$0.01$1.46$0.38$0.31$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.40$0.01$1.39$0.38$0.26$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.02$1.28$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.03$1.22$0.28
2011Summary only. Only limited summary data is available for this year.$1.22$0.09$1.13$0.37$0.28$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.11$1.04$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 6, 2025
Return Version
2023v6.0
Gross Receipts
$467,770
Mission and Program Overview

Mission

Economic development in morgan county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,182,370$2,287,761▲ $105,391
Cash and Non-Interest-Bearing Accounts$18,776$26,272▲ $7,496
Accounts Receivable$3,412$22,026▲ $18,614
Land, Buildings, and Equipment, Net$24,003$15,090▼ $8,913
Prepaid Expenses and Deferred Charges-$6,438-
Total Assets$2,461,274$2,593,491▲ $132,217
Other Assets Total$232,713$235,904▲ $3,191
Liabilities
Other Liabilities$234,580$187,371▼ $47,209
Accounts Payable and Accrued Expenses$8,109$55,674▲ $47,565
Total Liabilities$242,689$243,045▲ $356
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,218,585$2,350,446▲ $131,861
Total Net Assets Fund Balance$2,218,585$2,350,446▲ $131,861
Total Liabilities and Net Assets / Fund Balance$2,461,274$2,593,491▲ $132,217

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,090$62,231$77,321
Equipment-$61,434$61,434
Other Assets Org$50,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Arthur OrrChairman
Jeremy W NailsPresident
Kevin CorumVice Chairma
Bob SittasonMember
Chris HowardMember
Gary LivingstonMember
Gene KanikovskyMember
Jimmy Ray SmithMember
John HolleyMember
Kelli PowersMember
Ray HardinMember
Stewart SmallwoodMember
Wade WeaverMember
Crystal BrownNon-voting M
Jasmine SanderferNon-voting M
Mary Ila WardSecretary
Greg ClemonsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$371,370
Investment Income
$90,287
Other Revenue
$6,113
Change in Net Assets
$131,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$467,770
Total Revenue per Audited Statements
$467,770
Total Revenue per Form 990
$467,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$183,230
Other Expenses$152,679
Total Fundraising Expense$48,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,260$54,194$18,064$144,518
All Other Expenses$15,706$10,281$5,422$31,409
Occupancy$13,470$10,103$3,368$26,941
Other Employee Benefits$7,372$5,160$2,212$14,744
Pension Plan Contributions$6,768$4,737$2,030$13,535
Depreciation Depletion$5,680$1,704$3,976$11,360
Payroll Taxes$5,217$3,652$1,564$10,433
Fees for Services Accounting$4,616$3,692$923$9,231
Other Expenses$3,389$2,541$847$6,777
Total Functional Expenses$167,958$119,501$48,450$335,909

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$335,909
Total Expenses per Audited Statements$335,909
Total Expenses per Form 990$335,909
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$187,371
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

“Board members are provided a copy of the return prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Each board member signs the statement and renews each year.”

Form 990, Page 6, Part VI, Line 15A

“Board of directors determine all salaries”

Form 990, Page 6, Part VI, Line 15B

“The board of directors determines all salaries.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Economic Development Association
EIN
63-0577301
Phone
2563531213
Address
300 MARKET STREET NE SUITE 2, DECATUR, AL 35601

Signing Officer

Name
Jeremy W Nails
Title
President
Phone
2563531213
Signed
2025-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy W Nails
Formed
1969
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
14
Employees
4

Preparer

Firm
Byrd Smalley & Adams Pc
Address
PO BOX 2179, DECATUR, AL 35602-2179
Preparer
Timothy a Smalley CPA
Phone
2563531611
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The stimulation and promotion of the area provides existing business and new businesses opportunities to expand and locate in the area which benefits everyone in the community by bringing jobs and revenue.”

Raw XML AppendixShowing 400 of 418 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/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0ECONOMIC DEVELOPMENT IN MORGAN COUNTY, ALABAMA
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OccupancyGrp/ManagementAndGeneralAmt010103
IRS990/OccupancyGrp/ProgramServicesAmt013470
IRS990/OccupancyGrp/TotalAmt026941
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0232713
IRS990/OtherAssetsTotalGrp/EOYAmt0235904
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02212
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05160
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07372
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014744
IRS990/OtherExpensesGrp/Desc0MARKETING
IRS990/OtherExpensesGrp/Desc1COMMUNITY DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2EXISTING INDUSTRY
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/FundraisingAmt13966
IRS990/OtherExpensesGrp/FundraisingAmt22040
IRS990/OtherExpensesGrp/FundraisingAmt3847
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09421
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IRS990/OtherExpensesGrp/ProgramServicesAmt26800
IRS990/OtherExpensesGrp/ProgramServicesAmt33389
IRS990/OtherExpensesGrp/TotalAmt026919
IRS990/OtherExpensesGrp/TotalAmt126441
IRS990/OtherExpensesGrp/TotalAmt213601
IRS990/OtherExpensesGrp/TotalAmt36777
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06113
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IRS990/PayrollTaxesGrp/ProgramServicesAmt05217
IRS990/PayrollTaxesGrp/TotalAmt010433
IRS990/PensionPlanContributionsGrp/FundraisingAmt02030
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04737
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06768
IRS990/PensionPlanContributionsGrp/TotalAmt013535
IRS990/PoliticalCampaignActyInd0false
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0371370
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE STIMULATION AND PROMOTION OF THE AREA PROVIDES EXISTING BUSINESS AND NEW BUSINESSES OPPORTUNITIES TO EXPAND AND LOCATE IN THE AREA WHICH BENEFITS EVERYONE IN THE COMMUNITY BY BRINGING JOBS AND REVENUE.
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IRS990/PYOtherExpensesAmt0169872
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt150000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE ROU ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1EARNEST MONEY
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt062231
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt077321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0187371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0467770
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015090
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0235904
IRS990ScheduleD/TotalExpensesPerForm990Amt0335909
IRS990ScheduleD/TotalLiabilityAmt0187371
IRS990ScheduleD/TotalRevenuePerForm990Amt0467770
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0467770
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0335909
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE STIMULATION AND PROMOTION OF THE AREA PROVIDES EXISTING BUSINESS AND NEW BUSINESSES OPPORTUNITIES TO EXPAND AND LOCATE IN THE AREA WHICH BENEFITS EVERYONE IN THE COMMUNITY BY BRINGING JOBS AND REVENUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE PROVIDED A COPY OF THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER SIGNS THE STATEMENT AND RENEWS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS DETERMINE ALL SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS DETERMINES ALL SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0true
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02461274
IRS990/TotalAssetsEOYAmt02593491
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IRS990/TotalAssetsGrp/EOYAmt02593491
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0335909
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0242689
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IRS990/TotalProgramServiceExpensesAmt0167958
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0371370
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02593491
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 MARKET STREET NW
IRS990/USAddress/CityNm0DECATUR
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035601
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.MCEDA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY W NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02563531213
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECONOMIC DEVELOPMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0ECON
ReturnHeader/Filer/EIN0630577301
ReturnHeader/Filer/PhoneNum02563531213
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 MARKET STREET NE SUITE 2

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