Civic Intelligence

Economic Development Association

990 • Fiscal year 2023 • EIN 63-0577301

Oct 01, 2022 to Sep 30, 2023 • Filed on Jun 25, 2024

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

41st percentile

0.10x

Higher debt load relative to assets than 41% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.54x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

86th percentile

23%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$125,775

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$2,461,274

Up $339,193 (+16%) from 2022

Net Assets

Up

$2,218,585

Up $101,881 (+4.8%) from 2022

Liabilities

Up

$242,689

Up $237,312 (+4413%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin86th percentile

Revenue

Up

$448,217

Up $65,800 (+17%) from 2022

Expenses

Up

$346,336

Up $45,425 (+15%) from 2022

Net Income

Up

$101,881

Up $20,375 (+25%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2023

Assets$2,461,274
Liabilities$242,689
Net Assets$2,218,585
Open 2023 Filing

Operations Trend

Revenue Growth69th 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

2023

Revenue$448,217
Expenses$346,336
Net Income$101,881
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jun 25, 2024
Return Version
2022v5.0
Gross Receipts
$448,217
Mission and Program Overview

Mission

Economic development in morgan county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,059,506$2,182,370▲ $122,864
Land, Buildings, and Equipment, Net$36,971$24,003▼ $12,968
Cash and Non-Interest-Bearing Accounts$23,087$18,776▼ $4,311
Accounts Receivable$2,517$3,412▲ $895
Total Assets$2,122,081$2,461,274▲ $339,193
Other Assets Total-$232,713-
Liabilities
Other Liabilities-$234,580-
Accounts Payable and Accrued Expenses$5,377$8,109▲ $2,732
Total Liabilities$5,377$242,689▲ $237,312
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,116,704$2,218,585▲ $101,881
Total Net Assets Fund Balance$2,116,704$2,218,585▲ $101,881
Total Liabilities and Net Assets / Fund Balance$2,122,081$2,461,274▲ $339,193

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,003$116,955$140,958
Other Assets Org$232,713--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeremy W NailsPresidentFT$125,775$125,775

Board Members and Trustees

NameTitle
Arthur OrrChairman
Kevin CorumVice Chairma
Bob SittasonMember
Chris HowardMember
Gary LivingstonMember
Gene KanikovskyMember
Jimmy Ray SmithMember
John HolleyMember
Kelli PowersMember
Ray HardinMember
Stewart SmallwoodMember
Wade WeaverMember
Crystal BrownNon-voting M
Jasmine SanderferNon-voting M
Mary Ila WardSecretary
Greg ClemonsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$371,620
Investment Income
$54,469
Other Revenue
$22,128
Change in Net Assets
$101,881

Audited Revenue Reconciliation

Revenue per Audited Statements
$448,217
Total Revenue per Audited Statements
$448,217
Total Revenue per Form 990
$448,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$176,464
Other Expenses$169,872
Total Fundraising Expense$50,632
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$70,250$52,688$17,563$140,501
All Other Expenses$20,179$13,434$6,752$40,365
Occupancy$13,843$10,381$3,460$27,684
Other Employee Benefits$6,754$4,728$2,026$13,508
Depreciation Depletion$6,484$1,945$4,539$12,968
Pension Plan Contributions$6,160$4,312$1,848$12,320
Payroll Taxes$5,068$3,547$1,520$10,135
Fees for Services Accounting$4,038$3,230$807$8,075
Other Expenses$3,689$2,583$1,107$7,379
Total Functional Expenses$173,166$122,538$50,632$346,336

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$346,336
Total Expenses per Audited Statements$346,336
Total Expenses per Form 990$346,336
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$234,580
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
2024-06-25
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, Page 2, Part III, Line 4D

“The stimulation and promotion of the area provides existing business and new businesses opportunities to expand and locate in the area which benefits everyone in the community by bringing jobs and revenue.”

Form 990, Part IX, Line 24E

“Dues & subscriptions 3,405 2,555 852 janitorial 3,000 2,250 750 insurance 2,831 2,123 708 advertising & promotion 2,783 1,829 955 professional services 2,445 978 1,467 equipment rental & mainte 2,209 1,547 663 utilities 1,340 536 805 supplies 1,242 898 344 telephone 1,207 845 362 taxes & assessments 136 82 55 automotive -419 -209 -209 total 20,179 13,434 6,752”

Raw XML AppendixShowing 400 of 418 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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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02026
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04728
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06754
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013508
IRS990/OtherExpensesGrp/Desc0EXISTING INDUSTRY
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2COMMUNITY DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3SPECIAL PROJECTS
IRS990/OtherExpensesGrp/FundraisingAmt03900
IRS990/OtherExpensesGrp/FundraisingAmt13621
IRS990/OtherExpensesGrp/FundraisingAmt23489
IRS990/OtherExpensesGrp/FundraisingAmt31107
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18449
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28141
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32583
IRS990/OtherExpensesGrp/ProgramServicesAmt013000
IRS990/OtherExpensesGrp/ProgramServicesAmt112071
IRS990/OtherExpensesGrp/ProgramServicesAmt211630
IRS990/OtherExpensesGrp/ProgramServicesAmt33689
IRS990/OtherExpensesGrp/TotalAmt026000
IRS990/OtherExpensesGrp/TotalAmt124141
IRS990/OtherExpensesGrp/TotalAmt223260
IRS990/OtherExpensesGrp/TotalAmt37379
IRS990/OtherLiabilitiesGrp/EOYAmt0234580
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt022128
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022128
IRS990/OtherRevenueTotalAmt022128
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017563
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052688
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt070250
IRS990/OtherSalariesAndWagesGrp/TotalAmt0140501
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01520
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03547
IRS990/PayrollTaxesGrp/ProgramServicesAmt05068
IRS990/PayrollTaxesGrp/TotalAmt010135
IRS990/PensionPlanContributionsGrp/FundraisingAmt01848
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04312
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06160
IRS990/PensionPlanContributionsGrp/TotalAmt012320
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEREMY W NAILS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0371620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0371620
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE STIMULATION AND PROMOTION OF THE AREA PROVIDES EXISTING BUSINESS AND NEW BUSINESSES OPPORTUNITIES TO EXPAND AND LOCATE IN THE AREA WHICH BENEFITS EVERYONE IN THE COMMUNITY BY BRINGING JOBS AND REVENUE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt03244
IRS990/PYOtherExpensesAmt0139087
IRS990/PYOtherRevenueAmt06653
IRS990/PYProgramServiceRevenueAmt0372520
IRS990/PYRevenuesLessExpensesAmt081506
IRS990/PYSalariesCompEmpBnftPaidAmt0161824
IRS990/PYTotalExpensesAmt0300911
IRS990/PYTotalRevenueAmt0382417
IRS990/ReconcilationRevenueExpnssAmt0101881
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0371620
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02059506
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02182370
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt024003
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0140958
IRS990ScheduleD/ExpensesSubtotalAmt0346336
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0232713
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE ROU ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0234580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0448217
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024003
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0232713
IRS990ScheduleD/TotalExpensesPerForm990Amt0346336
IRS990ScheduleD/TotalLiabilityAmt0234580
IRS990ScheduleD/TotalRevenuePerForm990Amt0448217
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0448217
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0346336
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE STIMULATION AND PROMOTION OF THE AREA PROVIDES EXISTING BUSINESS AND NEW BUSINESSES OPPORTUNITIES TO EXPAND AND LOCATE IN THE AREA WHICH BENEFITS EVERYONE IN THE COMMUNITY BY BRINGING JOBS AND REVENUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE PROVIDED A COPY OF THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER SIGNS THE STATEMENT AND RENEWS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS DETERMINE ALL SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS DETERMINES ALL SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DUES & SUBSCRIPTIONS 3,405 2,555 852 JANITORIAL 3,000 2,250 750 INSURANCE 2,831 2,123 708 ADVERTISING & PROMOTION 2,783 1,829 955 PROFESSIONAL SERVICES 2,445 978 1,467 EQUIPMENT RENTAL & MAINTE 2,209 1,547 663 UTILITIES 1,340 536 805 SUPPLIES 1,242 898 344 TELEPHONE 1,207 845 362 TAXES & ASSESSMENTS 136 82 55 AUTOMOTIVE -419 -209 -209 TOTAL 20,179 13,434 6,752
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02122081
IRS990/TotalAssetsEOYAmt02461274
IRS990/TotalAssetsGrp/BOYAmt02122081
IRS990/TotalAssetsGrp/EOYAmt02461274
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt050632
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122538
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0173166
IRS990/TotalFunctionalExpensesGrp/TotalAmt0346336
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05377
IRS990/TotalLiabilitiesEOYAmt0242689
IRS990/TotalLiabilitiesGrp/BOYAmt05377
IRS990/TotalLiabilitiesGrp/EOYAmt0242689
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02116704
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02218585
IRS990/TotalProgramServiceExpensesAmt0173166
IRS990/TotalProgramServiceRevenueAmt0371620
IRS990/TotalReportableCompFromOrgAmt0125775
IRS990/TotalRevenueGrp/ExclusionAmt076597
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0371620
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0448217
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02122081
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02461274
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY W NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02563531213
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-25
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

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,461,274
Liabilities
$242,689
Net assets
$2,218,585
Revenue
$448,217
Expenses
$346,336
Net income
$101,881
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