Civic Intelligence

Economic Development Association

990 • Fiscal year 2020 • EIN 63-0577301

Oct 01, 2019 to Sep 30, 2020 • Filed on Jun 20, 2021

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.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.01x

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

34%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

38th percentile

$109,799

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 26.8% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

57th percentile

7.5%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

2.8%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,915,305

Up $134,237 (+7.5%) from 2019

Net Assets

Up

$1,913,150

Up $139,480 (+7.9%) from 2019

Liabilities

Down

$2,155

Down $5,243 (-71%) from 2019

Revenue

Up

$409,829

Up $11,080 (+2.8%) from 2019

Expenses

Down

$270,349

Down $5,921 (-2.1%) from 2019

Net Income

Up

$139,480

Up $17,001 (+14%) from 2019

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

2020

Assets$1,915,305
Liabilities$2,155
Net Assets$1,913,150

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

2020

Revenue$409,829
Expenses$270,349
Net Income$139,480
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jun 20, 2021
Return Version
2019v5.0
Gross Receipts
$409,829
Mission and Program Overview

Mission

Economic development in morgan county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,710,252$1,838,479▲ $128,227
Cash and Non-Interest-Bearing Accounts$26,883$43,269▲ $16,386
Land, Buildings, and Equipment, Net$40,333$31,198▼ $9,135
Accounts Receivable$3,600$2,359▼ $1,241
Total Assets$1,781,068$1,915,305▲ $134,237
Liabilities
Accounts Payable and Accrued Expenses$7,398$2,155▼ $5,243
Total Liabilities$7,398$2,155▼ $5,243
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,773,670$1,913,150▲ $139,480
Total Net Assets Fund Balance$1,773,670$1,913,150▲ $139,480
Total Liabilities and Net Assets / Fund Balance$1,781,068$1,915,305▲ $134,237

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,198$79,557$110,755
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeremy W NailsPresidentFT$109,799$109,799

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$385,775
Investment Income
$23,593
Other Revenue
$461
Change in Net Assets
$139,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$409,829
Total Revenue per Audited Statements
$409,829
Total Revenue per Form 990
$409,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$155,774
Other Expenses$114,575
Total Fundraising Expense$39,546
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,890$46,418$15,473$123,781
All Other Expenses$17,656$11,851$5,807$35,314
Occupancy$12,751$8,925$3,824$25,500
Pension Plan Contributions$6,185$4,639$1,546$12,370
Other Employee Benefits$5,844$4,383$1,461$11,688
Depreciation Depletion$4,568$3,197$1,370$9,135
Payroll Taxes$3,967$2,976$992$7,935
Other Expenses$3,353$2,682$671$6,706
Fees for Services Accounting$2,770$1,939$831$5,540
Total Functional Expenses$135,174$95,629$39,546$270,349

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$270,349
Total Expenses per Audited Statements$270,349
Total Expenses per Form 990$270,349
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
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
2021-06-20
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

Janitorial 2,866 2,006 859 marketing 2,856 1,714 1,143 insurance 2,475 1,732 742 advertising & promotion 2,125 1,275 850 supplies 2,039 1,447 593 telephone 1,468 1,028 440 equipment rental & mainte 1,357 951 408 professional services 1,277 895 383 utilities 943 660 283 taxes & assessments 151 114 38 automotive 99 29 68 total 17,656 11,851 5,807

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IRS990/OtherExpensesGrp/TotalAmt16919
IRS990/OtherExpensesGrp/TotalAmt26810
IRS990/OtherExpensesGrp/TotalAmt36706
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0461
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0461
IRS990/OtherRevenueTotalAmt0461
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015473
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046418
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt061890
IRS990/OtherSalariesAndWagesGrp/TotalAmt0123781
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0992
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02976
IRS990/PayrollTaxesGrp/ProgramServicesAmt03967
IRS990/PayrollTaxesGrp/TotalAmt07935
IRS990/PensionPlanContributionsGrp/FundraisingAmt01546
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04639
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06185
IRS990/PensionPlanContributionsGrp/TotalAmt012370
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEREMY W NAILS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0385775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0385775
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt026429
IRS990/PYOtherExpensesAmt0132774
IRS990/PYProgramServiceRevenueAmt0372320
IRS990/PYRevenuesLessExpensesAmt0122479
IRS990/PYSalariesCompEmpBnftPaidAmt0143496
IRS990/PYTotalExpensesAmt0276270
IRS990/PYTotalRevenueAmt0398749
IRS990/ReconcilationRevenueExpnssAmt0139480
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0385775
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01710252
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01838479
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt031198
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079557
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0110755
IRS990ScheduleD/ExpensesSubtotalAmt0270349
IRS990ScheduleD/RevenueSubtotalAmt0409829
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031198
IRS990ScheduleD/TotalExpensesPerForm990Amt0270349
IRS990ScheduleD/TotalRevenuePerForm990Amt0409829
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0409829
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0270349
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt5JANITORIAL 2,866 2,006 859 MARKETING 2,856 1,714 1,143 INSURANCE 2,475 1,732 742 ADVERTISING & PROMOTION 2,125 1,275 850 SUPPLIES 2,039 1,447 593 TELEPHONE 1,468 1,028 440 EQUIPMENT RENTAL & MAINTE 1,357 951 408 PROFESSIONAL SERVICES 1,277 895 383 UTILITIES 943 660 283 TAXES & ASSESSMENTS 151 114 38 AUTOMOTIVE 99 29 68 TOTAL 17,656 11,851 5,807
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01781068
IRS990/TotalAssetsEOYAmt01915305
IRS990/TotalAssetsGrp/BOYAmt01781068
IRS990/TotalAssetsGrp/EOYAmt01915305
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039546
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095629
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0135174
IRS990/TotalFunctionalExpensesGrp/TotalAmt0270349
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07398
IRS990/TotalLiabilitiesEOYAmt02155
IRS990/TotalLiabilitiesGrp/BOYAmt07398
IRS990/TotalLiabilitiesGrp/EOYAmt02155
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01773670
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01913150
IRS990/TotalProgramServiceExpensesAmt0135174
IRS990/TotalProgramServiceRevenueAmt0385775
IRS990/TotalReportableCompFromOrgAmt0109799
IRS990/TotalRevenueGrp/ExclusionAmt024054
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0385775
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0409829
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01781068
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01915305
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY W NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02563531213
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-20
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/PreparationDt02021-06-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY A SMALLEY CPA
ReturnHeader/ReturnTs02021-06-25T11:25:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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