Civic Intelligence

Economic Development Association

990 • Fiscal year 2019 • EIN 63-0577301

Oct 01, 2018 to Sep 30, 2019 • Filed on May 27, 2019

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.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

20th percentile

0.02x

Higher debt load relative to revenue than 20% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

93rd percentile

31%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

27th percentile

$57,680

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

56th percentile

7.6%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

13%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,781,068

Up $125,921 (+7.6%) from 2018

Net Assets

Up

$1,773,670

Up $122,479 (+7.4%) from 2018

Liabilities

Up

$7,398

Up $3,442 (+87%) from 2018

Revenue

Up

$398,749

Up $46,872 (+13%) from 2018

Expenses

Down

$276,270

Down $33,728 (-11%) from 2018

Net Income

Up

$122,479

Up $80,600 (+192%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$1,781,068
Liabilities$7,398
Net Assets$1,773,670

Operations Trend

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

2019

Revenue$398,749
Expenses$276,270
Net Income$122,479
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
May 27, 2019
Return Version
2018v3.2
Gross Receipts
$398,749
Mission and Program Overview

Mission

Economic development in morgan county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,629,640$1,710,252▲ $80,612
Land, Buildings, and Equipment, Net$2,845$40,333▲ $37,488
Cash and Non-Interest-Bearing Accounts$21,062$26,883▲ $5,821
Accounts Receivable$1,600$3,600▲ $2,000
Total Assets$1,655,147$1,781,068▲ $125,921
Liabilities
Accounts Payable and Accrued Expenses$3,956$7,398▲ $3,442
Total Liabilities$3,956$7,398▲ $3,442
Net Assets / Fund Balance
Unrestricted Net Assets$1,651,191$1,773,670▲ $122,479
Total Net Assets Fund Balance$1,651,191$1,773,670▲ $122,479
Total Liabilities and Net Assets / Fund Balance$1,655,147$1,781,068▲ $125,921

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,333$91,296$131,629
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jeremy W NailsPresident$57,680$57,680

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$372,320
Investment Income
$26,429
Other Revenue
$0
Change in Net Assets
$122,479

Audited Revenue Reconciliation

Revenue per Audited Statements
$398,749
Total Revenue per Audited Statements
$398,749
Total Revenue per Form 990
$398,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$143,496
Other Expenses$132,774
Total Fundraising Expense$40,098
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$31,191$23,106$8,086$62,383
Current Officers, Directors, Trustees, and Key Employees$28,840$21,918$6,922$57,680
All Other Expenses$14,652$9,142$4,813$28,607
Occupancy$12,751$8,925$3,824$25,500
Other Employee Benefits$5,737$4,303$1,434$11,474
Payroll Taxes$4,230$3,172$1,057$8,459
Other Expenses$3,341$2,673$669$6,683
Fees for Services Accounting$2,520$1,763$755$5,038
Depreciation Depletion$1,820$1,273$545$3,638
Pension Plan Contributions$1,750$1,312$438$3,500
Total Functional Expenses$138,485$97,687$40,098$276,270

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$276,270
Total Expenses per Audited Statements$276,270
Total Expenses per Form 990$276,270
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
2019-05-27
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, Part IX, Line 24E

Insurance 2,760 1,932 828 janitorial 2,368 1,658 710 advertising & promotion 2,659 1,040 925 telephone 1,434 1,003 429 professional services 1,403 982 421 utilities 1,151 805 344 equipment rental & mainte 1,100 770 331 supplies 806 565 242 special projects 403 161 242 uncollectible dues 375 113 262 taxes & assessments 110 88 21 automotive 83 25 58 total 14,652 9,142 4,813

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32673
IRS990/OtherExpensesGrp/ProgramServicesAmt014768
IRS990/OtherExpensesGrp/ProgramServicesAmt111085
IRS990/OtherExpensesGrp/ProgramServicesAmt25800
IRS990/OtherExpensesGrp/ProgramServicesAmt33341
IRS990/OtherExpensesGrp/TotalAmt029538
IRS990/OtherExpensesGrp/TotalAmt122171
IRS990/OtherExpensesGrp/TotalAmt211599
IRS990/OtherExpensesGrp/TotalAmt36683
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08086
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023106
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt031191
IRS990/OtherSalariesAndWagesGrp/TotalAmt062383
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01057
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03172
IRS990/PayrollTaxesGrp/ProgramServicesAmt04230
IRS990/PayrollTaxesGrp/TotalAmt08459
IRS990/PensionPlanContributionsGrp/FundraisingAmt0438
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01312
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01750
IRS990/PensionPlanContributionsGrp/TotalAmt03500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEREMY W NAILS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0372320
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0372320
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt03500
IRS990/PYOtherExpensesAmt0145242
IRS990/PYOtherRevenueAmt0923
IRS990/PYProgramServiceRevenueAmt0347454
IRS990/PYRevenuesLessExpensesAmt041879
IRS990/PYSalariesCompEmpBnftPaidAmt0164756
IRS990/PYTotalExpensesAmt0309998
IRS990/PYTotalRevenueAmt0351877
IRS990/ReconcilationRevenueExpnssAmt0122479
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0372320
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01629640
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01710252
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt040333
IRS990ScheduleD/EquipmentGrp/DepreciationAmt091296
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0131629
IRS990ScheduleD/ExpensesSubtotalAmt0276270
IRS990ScheduleD/RevenueSubtotalAmt0398749
IRS990ScheduleD/TotalBookValueLandBuildingsAmt040333
IRS990ScheduleD/TotalExpensesPerForm990Amt0276270
IRS990ScheduleD/TotalRevenuePerForm990Amt0398749
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0398749
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0276270
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/ExplanationTxt5INSURANCE 2,760 1,932 828 JANITORIAL 2,368 1,658 710 ADVERTISING & PROMOTION 2,659 1,040 925 TELEPHONE 1,434 1,003 429 PROFESSIONAL SERVICES 1,403 982 421 UTILITIES 1,151 805 344 EQUIPMENT RENTAL & MAINTE 1,100 770 331 SUPPLIES 806 565 242 SPECIAL PROJECTS 403 161 242 UNCOLLECTIBLE DUES 375 113 262 TAXES & ASSESSMENTS 110 88 21 AUTOMOTIVE 83 25 58 TOTAL 14,652 9,142 4,813
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01655147
IRS990/TotalAssetsEOYAmt01781068
IRS990/TotalAssetsGrp/BOYAmt01655147
IRS990/TotalAssetsGrp/EOYAmt01781068
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040098
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097687
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0138485
IRS990/TotalFunctionalExpensesGrp/TotalAmt0276270
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03956
IRS990/TotalLiabilitiesEOYAmt07398
IRS990/TotalLiabilitiesGrp/BOYAmt03956
IRS990/TotalLiabilitiesGrp/EOYAmt07398
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01651191
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01773670
IRS990/TotalProgramServiceExpensesAmt0138485
IRS990/TotalProgramServiceRevenueAmt0372320
IRS990/TotalReportableCompFromOrgAmt057680
IRS990/TotalRevenueGrp/ExclusionAmt018429
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0380320
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0398749
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01655147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01781068
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01651191
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01773670
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/BuildTS02021-09-10 13:11:23Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY W NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02563531213
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-27
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/AtSubmissionFilingDeviceId0234F06E8E513B1B8B9FF26A3122AE41FD1A772D3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.166.82.178

Document Assets

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Filings

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