Civic Intelligence

Economic Development Association

990 • Fiscal year 2018 • EIN 63-0577301

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 28, 2019

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

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

17th percentile

0.01x

Higher debt load relative to revenue than 17% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

76th percentile

12%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

39th percentile

$112,000

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 31.8% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

53rd percentile

2.8%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

18th percentile

-6.7%

Faster revenue growth than 18% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,655,147

Up $45,512 (+2.8%) from 2017

Net Assets

Up

$1,651,191

Up $41,879 (+2.6%) from 2017

Liabilities

Up

$3,956

Up $3,633 (+1125%) from 2017

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin76th percentile

Revenue

Down

$351,877

Down $25,144 (-6.7%) from 2017

Expenses

Down

$309,998

Down $20,436 (-6.2%) from 2017

Net Income

Down

$41,879

Down $4,708 (-10%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2018

Assets$1,655,147
Liabilities$3,956
Net Assets$1,651,191
Open 2018 Filing

Operations Trend

Revenue Growth18th 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

2018

Revenue$351,877
Expenses$309,998
Net Income$41,879
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 28, 2019
Return Version
2017v2.3
Gross Receipts
$351,877
Mission and Program Overview

Mission

Economic development in morgan county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,588,589$1,629,640▲ $41,051
Cash and Non-Interest-Bearing Accounts$6,922$21,062▲ $14,140
Land, Buildings, and Equipment, Net$5,691$2,845▼ $2,846
Accounts Receivable$8,433$1,600▼ $6,833
Total Assets$1,609,635$1,655,147▲ $45,512
Liabilities
Accounts Payable and Accrued Expenses$323$3,956▲ $3,633
Total Liabilities$323$3,956▲ $3,633
Net Assets / Fund Balance
Unrestricted Net Assets$1,609,312$1,651,191▲ $41,879
Total Net Assets Fund Balance$1,609,312$1,651,191▲ $41,879
Total Liabilities and Net Assets / Fund Balance$1,609,635$1,655,147▲ $45,512

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,845$125,723$128,568
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleBaseTotal
Jeremy W NailsPresident$112,000$112,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$347,454
Investment Income
$3,500
Other Revenue
$923
Change in Net Assets
$41,879

Audited Revenue Reconciliation

Revenue per Audited Statements
$351,877
Total Revenue per Audited Statements
$351,877
Total Revenue per Form 990
$351,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$164,756
Other Expenses$145,242
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$130,699
All Other Expenses---$42,073
Occupancy---$24,367
Pension Plan Contributions---$12,419
Other Employee Benefits---$12,255
Payroll Taxes---$9,383
Other Expenses---$7,018
Fees for Services Accounting---$4,300
Depreciation Depletion---$2,846
Total Functional Expenses$0$0$0$309,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$309,998
Total Expenses per Audited Statements$309,998
Total Expenses per Form 990$309,998
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
2019-01-28
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
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

“Dues & subscriptions 6,825 0 0 uncollectible dues 6,200 0 0 janitorial 4,861 0 0 insurance 4,683 0 0 advertising & promotion 4,595 0 0 existing industry 4,506 0 0 professional services 4,259 0 0 utilities 2,374 0 0 telephone 2,331 0 0 equipment rental & mainte 2,213 0 0 taxes & assessments 163 0 0 automotive -937 0 0 total 42,073 0 0”

Raw XML Appendix363 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/RevenueSubtotalAmt0351877
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02845
IRS990ScheduleD/TotalExpensesPerForm990Amt0309998
IRS990ScheduleD/TotalRevenuePerForm990Amt0351877
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0351877
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0309998
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/ExplanationTxt5DUES & SUBSCRIPTIONS 6,825 0 0 UNCOLLECTIBLE DUES 6,200 0 0 JANITORIAL 4,861 0 0 INSURANCE 4,683 0 0 ADVERTISING & PROMOTION 4,595 0 0 EXISTING INDUSTRY 4,506 0 0 PROFESSIONAL SERVICES 4,259 0 0 UTILITIES 2,374 0 0 TELEPHONE 2,331 0 0 EQUIPMENT RENTAL & MAINTE 2,213 0 0 TAXES & ASSESSMENTS 163 0 0 AUTOMOTIVE -937 0 0 TOTAL 42,073 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/TotalAssetsBOYAmt01609635
IRS990/TotalAssetsEOYAmt01655147
IRS990/TotalAssetsGrp/BOYAmt01609635
IRS990/TotalAssetsGrp/EOYAmt01655147
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0309998
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0323
IRS990/TotalLiabilitiesEOYAmt03956
IRS990/TotalLiabilitiesGrp/BOYAmt0323
IRS990/TotalLiabilitiesGrp/EOYAmt03956
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01609312
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01651191
IRS990/TotalProgramServiceExpensesAmt0309998
IRS990/TotalProgramServiceRevenueAmt0347454
IRS990/TotalReportableCompFromOrgAmt0112000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0351877
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0351877
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01609635
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01655147
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01609312
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01651191
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY W NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02563531213
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-28
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0234F06E8E513B1B8B9FF26A3122AE41FD1A772D3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0363DA185E0F3E5C103B2357F5B6B8441E59B1343
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.166.82.178
ReturnHeader/FilingSecurityInformation/IPDt02019-02-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:51:43
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/PreparationDt02019-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY A SMALLEY CPA
ReturnHeader/ReturnTs02019-02-13T14:51:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,655,147
Liabilities
$3,956
Net assets
$1,651,191
Revenue
$351,877
Expenses
$309,998
Net income
$41,879
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