Civic Intelligence

Economic Development Association

990 • Fiscal year 2016 • EIN 63-0577301

Oct 01, 2015 to Sep 30, 2016 • Filed on Mar 02, 2017

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

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

93rd percentile

28%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

61st percentile

6.7%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-0.2%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$1,563,048

Up $98,801 (+6.7%) from 2015

Net Assets

Up

$1,562,725

Up $105,741 (+7.3%) from 2015

Liabilities

Down

$323

Down $6,940 (-96%) from 2015

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin93rd percentile

Revenue

Down

$374,786

Down $585 (-0.2%) from 2015

Expenses

Down

$269,045

Down $43,520 (-14%) from 2015

Net Income

Up

$105,741

Up $42,935 (+68%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2016

Assets$1,563,048
Liabilities$323
Net Assets$1,562,725
Open 2016 Filing

Operations Trend

Revenue Growth37th 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

2016

Revenue$374,786
Expenses$269,045
Net Income$105,741
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Mar 2, 2017
Return Version
2015v3.0
Gross Receipts
$374,786
Mission and Program Overview

Mission

Economic development in morgan county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,432,582$1,538,547▲ $105,965
Cash and Non-Interest-Bearing Accounts$5,018$13,150▲ $8,132
Land, Buildings, and Equipment, Net$8,148$8,868▲ $720
Accounts Receivable$18,499$2,483▼ $16,016
Total Assets$1,464,247$1,563,048▲ $98,801
Liabilities
Accounts Payable and Accrued Expenses$7,263$323▼ $6,940
Total Liabilities$7,263$323▼ $6,940
Net Assets / Fund Balance
Unrestricted Net Assets$1,456,984$1,562,725▲ $105,741
Total Net Assets Fund Balance$1,456,984$1,562,725▲ $105,741
Total Liabilities and Net Assets / Fund Balance$1,464,247$1,563,048▲ $98,801

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,868$119,700$128,568
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Jeremy W NailsPresident$108,840$108,840

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
$370,822
Investment Income
$3,672
Other Revenue
$292
Change in Net Assets
$105,741

Audited Revenue Reconciliation

Revenue per Audited Statements
$374,786
Total Revenue per Audited Statements
$374,786
Total Revenue per Form 990
$374,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$144,289
Other Expenses$124,756
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$116,491
All Other Expenses---$35,039
Occupancy---$23,800
Pension Plan Contributions---$10,722
Payroll Taxes---$9,392
Other Expenses---$8,219
Other Employee Benefits---$7,684
Fees for Services Accounting---$3,550
Depreciation Depletion---$2,823
Total Functional Expenses$0$0$0$269,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$269,045
Total Expenses per Audited Statements$269,045
Total Expenses per Form 990$269,045
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
2017-03-02
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 7,212 0 0 insurance 4,917 0 0 janitorial 4,796 0 0 supplies 4,024 0 0 professional services 3,025 0 0 equipment rental & mainte 2,340 0 0 utilities 2,125 0 0 telephone 2,086 0 0 advertising & promotion 1,689 0 0 automotive 1,523 0 0 miscellaneous 1,085 0 0 taxes & assessments 217 0 0”

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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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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 7,212 0 0 INSURANCE 4,917 0 0 JANITORIAL 4,796 0 0 SUPPLIES 4,024 0 0 PROFESSIONAL SERVICES 3,025 0 0 EQUIPMENT RENTAL & MAINTE 2,340 0 0 UTILITIES 2,125 0 0 TELEPHONE 2,086 0 0 ADVERTISING & PROMOTION 1,689 0 0 AUTOMOTIVE 1,523 0 0 MISCELLANEOUS 1,085 0 0 TAXES & ASSESSMENTS 217 0 0
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01464247
IRS990/TotalAssetsEOYAmt01563048
IRS990/TotalAssetsGrp/BOYAmt01464247
IRS990/TotalAssetsGrp/EOYAmt01563048
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0269045
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07263
IRS990/TotalLiabilitiesEOYAmt0323
IRS990/TotalLiabilitiesGrp/BOYAmt07263
IRS990/TotalLiabilitiesGrp/EOYAmt0323
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01456984
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01562725
IRS990/TotalProgramServiceExpensesAmt0269045
IRS990/TotalProgramServiceRevenueAmt0370822
IRS990/TotalReportableCompFromOrgAmt0108840
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0374786
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0374786
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01464247
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01563048
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01456984
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01562725
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 MARKET STREET NW
IRS990/USAddress/CityNm0DECATUR
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035601
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.MCEDA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY W NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02563531213
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-02
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/PreparationDt02017-03-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY A SMALLEY CPA
ReturnHeader/ReturnTs02017-03-15T16:42:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,563,048
Liabilities
$323
Net assets
$1,562,725
Revenue
$374,786
Expenses
$269,045
Net income
$105,741
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