Civic Intelligence

Economic Development Association

990 • Fiscal year 2015 • EIN 63-0577301

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 31, 2016

Organization ProfileWWW.MCEDA.ORG

View Organization Page

300 Market Street NE Suite 2Decatur, AL 35601

(256) 353-1213

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

17%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$102,000

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 27.2% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

57th percentile

4.4%

Faster asset growth than 57% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

-0.1%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,464,247

Up $61,634 (+4.4%) from 2014

Net Assets

Up

$1,456,984

Up $62,806 (+4.5%) from 2014

Liabilities

Down

$7,263

Down $1,172 (-14%) from 2014

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin85th percentile

Revenue

Down

$375,371

Down $305 (-0.1%) from 2014

Expenses

Up

$312,565

Up $50,361 (+19%) from 2014

Net Income

Down

$62,806

Down $50,666 (-45%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$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

2015

Assets$1,464,247
Liabilities$7,263
Net Assets$1,456,984
Open 2015 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$375,371
Expenses$312,565
Net Income$62,806
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 31, 2016
Return Version
2014v6.0
Gross Receipts
$375,371
Mission and Program Overview

Mission

Economic development in morgan county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,368,768$1,432,582▲ $63,814
Accounts Receivable$4,383$18,499▲ $14,116
Land, Buildings, and Equipment, Net$15,109$8,148▼ $6,961
Cash and Non-Interest-Bearing Accounts$14,353$5,018▼ $9,335
Total Assets$1,402,613$1,464,247▲ $61,634
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,352--
Accounts Payable and Accrued Expenses$83$7,263▲ $7,180
Total Liabilities$8,435$7,263▼ $1,172
Net Assets / Fund Balance
Unrestricted Net Assets$1,394,178$1,456,984▲ $62,806
Total Net Assets Fund Balance$1,394,178$1,456,984▲ $62,806
Total Liabilities and Net Assets / Fund Balance$1,402,613$1,464,247▲ $61,634

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,148$116,877$125,025
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleBaseTotal
Jeremy W NailsPresident$102,000$102,000

Board Members and Trustees

NameTitle
Arthur OrrChairman
Wally TerryVice Chair
Britt SextonMember
Debi HendershotMember
Eddie AllenMember
Gary LivingstonMember
George KitchensMember
Harvey Pride JrMember
Lynn C FowlerMember
Sonny CraigMember
Wade WeaverMember
Trudy GrishamSecretary
Kevin CorumTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$370,823
Investment Income
$3,834
Other Revenue
$714
Change in Net Assets
$62,806

Audited Revenue Reconciliation

Revenue per Audited Statements
$375,371
Total Revenue per Audited Statements
$375,371
Total Revenue per Form 990
$375,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,117
Salaries, Compensation, and Employee Benefits$153,448
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$123,685
All Other Expenses---$43,212
Occupancy---$23,800
Pension Plan Contributions---$10,159
Payroll Taxes---$9,813
Other Employee Benefits---$9,791
Depreciation Depletion---$9,370
Fees for Services Legal---$8,778
Other Expenses---$7,587
Fees for Services Accounting---$3,475
Total Functional Expenses$0$0$0$312,565

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$312,565
Total Expenses per Audited Statements$312,565
Total Expenses per Form 990$312,565
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Britt SextonBoard MemberRentNo-
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 family members
No
Business relationship with organization members
Yes
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
2016-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy W Nails
Formed
1969
Legal Domicile
Al
Voting Board Members
13
Independent Board Members
13
Employees
5

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, Part IX, Line 24E

“Special projects 7,500 0 0 advertising & promotion 7,341 0 0 existing industry 7,044 0 0 insurance 5,310 0 0 janitorial 4,811 0 0 equipment rental & mainte 2,542 0 0 telephone 2,503 0 0 utilities 2,080 0 0 professional services 1,675 0 0 automotive 1,503 0 0 uncollectible dues 400 0 0 miscellaneous 269 0 0 taxes & assessments 234 0 0”

Form 990, Part XI, Line 9

“1 book / tax depreciation difference -1”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“-1 book / tax depreciation difference 1”

Raw XML Appendix355 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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IRS990ScheduleD/RevenueSubtotalAmt0375371
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0-1 BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08148
IRS990ScheduleD/TotalExpensesPerForm990Amt0312565
IRS990ScheduleD/TotalRevenuePerForm990Amt0375371
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0375371
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0312565
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BRITT SEXTON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE PROVIDED A COPY OF THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER SIGNS THE STATEMENT AND RENEWS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS DETERMINE ALL SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES ALL SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SPECIAL PROJECTS 7,500 0 0 ADVERTISING & PROMOTION 7,341 0 0 EXISTING INDUSTRY 7,044 0 0 INSURANCE 5,310 0 0 JANITORIAL 4,811 0 0 EQUIPMENT RENTAL & MAINTE 2,542 0 0 TELEPHONE 2,503 0 0 UTILITIES 2,080 0 0 PROFESSIONAL SERVICES 1,675 0 0 AUTOMOTIVE 1,503 0 0 UNCOLLECTIBLE DUES 400 0 0 MISCELLANEOUS 269 0 0 TAXES & ASSESSMENTS 234 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt61 BOOK / TAX DEPRECIATION DIFFERENCE -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01402613
IRS990/TotalAssetsEOYAmt01464247
IRS990/TotalAssetsGrp/BOYAmt01402613
IRS990/TotalAssetsGrp/EOYAmt01464247
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0312565
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08435
IRS990/TotalLiabilitiesEOYAmt07263
IRS990/TotalLiabilitiesGrp/BOYAmt08435
IRS990/TotalLiabilitiesGrp/EOYAmt07263
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01394178
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01456984
IRS990/TotalProgramServiceExpensesAmt0312565
IRS990/TotalProgramServiceRevenueAmt0370823
IRS990/TotalReportableCompFromOrgAmt0102000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0375371
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0375371
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01402613
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01464247
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01394178
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01456984
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 MARKET ST NE STE 2
IRS990/USAddress/CityNm0DECATUR
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035601
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.MCEDA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY W NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02563531213
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECONOMIC DEVELOPMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0ECON
ReturnHeader/Filer/EIN0630577301
ReturnHeader/Filer/PhoneNum02563531213
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 MARKET STREET NE SUITE 2
ReturnHeader/Filer/USAddress/CityNm0DECATUR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631019234
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BYRD SMALLEY & ADAMS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2179
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DECATUR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0356022179
ReturnHeader/PreparerPersonGrp/PhoneNum02563531611
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY A SMALLEY CPA
ReturnHeader/ReturnTs02016-02-15T13:49:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,464,247
Liabilities
$7,263
Net assets
$1,456,984
Revenue
$375,371
Expenses
$312,565
Net income
$62,806
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