Civic Intelligence

Economic Development Association

990 • Fiscal year 2014 • EIN 63-0577301

Oct 01, 2013 to Sep 30, 2014 • Filed on Feb 20, 2015

Organization ProfileWWW.MCEDA.ORG

View Organization Page

300 Market Street NE Suite 2Room/Suite 235601

(256) 353-1213

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.01x

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

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

20th percentile

0.02x

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

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

94th percentile

30%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

35th percentile

$100,000

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 26.6% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

65th percentile

8.1%

Faster asset growth than 65% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

35th percentile

0.3%

Faster revenue growth than 35% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,402,613

Up $105,543 (+8.1%) from 2013

Net Assets

Up

$1,394,178

Up $113,472 (+8.9%) from 2013

Liabilities

Down

$8,435

Down $7,929 (-48%) from 2013

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin94th percentile

Revenue

$375,676

No earlier filing loaded for comparison.

Expenses

Down

$262,204

Down $39,229 (-13%) from 2013

Net Income

$113,472

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2014

Assets$1,402,613
Liabilities$8,435
Net Assets$1,394,178
Open 2014 Filing

Operations Trend

Revenue Growth35th 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

2014

Revenue$375,676
Expenses$262,204
Net Income$113,472
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Feb 20, 2015
Return Version
2013v4.0
Gross Receipts
$375,676
Mission and Program Overview

Mission

Economic development in morgan county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,238,241$1,368,768▲ $130,527
Land, Buildings, and Equipment, Net$21,260$15,109▼ $6,151
Cash and Non-Interest-Bearing Accounts$18,102$14,353▼ $3,749
Accounts Receivable$19,467$4,383▼ $15,084
Total Assets$1,297,070$1,402,613▲ $105,543
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,323$8,352▼ $7,971
Accounts Payable and Accrued Expenses$41$83▲ $42
Total Liabilities$16,364$8,435▼ $7,929
Net Assets / Fund Balance
Unrestricted Net Assets$1,280,706$1,394,178▲ $113,472
Total Net Assets Fund Balance$1,280,706$1,394,178▲ $113,472
Total Liabilities and Net Assets / Fund Balance$1,297,070$1,402,613▲ $105,543

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,109$107,507$122,616
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleBaseTotal
Jeremy W NailsPresident$100,000$100,000

Board Members and Trustees

NameTitle
Arthur OrrChairman
Wally TerryVice Chair
Andy VestMember
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
$370,931
Investment Income
$4,379
Other Revenue
$366
Change in Net Assets
$113,472

Audited Revenue Reconciliation

Revenue per Audited Statements
$375,676
Total Revenue per Audited Statements
$375,676
Total Revenue per Form 990
$375,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$131,529
Other Expenses$130,675
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$102,579
All Other Expenses---$35,836
Occupancy---$23,800
Other Employee Benefits---$10,525
Pension Plan Contributions---$9,900
Depreciation Depletion---$9,456
Other Expenses---$9,154
Payroll Taxes---$8,525
Fees for Services Accounting---$2,975
Total Functional Expenses$0$0$0$262,204

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$262,204
Total Expenses per Audited Statements$262,204
Total Expenses per Form 990$262,204
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

EIN
63-0577301
Phone
2563531213

Signing Officer

Name
Jeremy W Nails
Title
President
Phone
2563531213
Signed
2015-02-20
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
5

Preparer

Preparer
Timothy a Smalley CPA
Phone
2563531611
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Existing industry 7,376 0 0 advertising & promotion 5,731 0 0 insurance 4,988 0 0 janitorial 4,876 0 0 supplies 2,975 0 0 equipment rental & mainte 2,821 0 0 telephone 2,413 0 0 automotive 2,231 0 0 utilities 1,766 0 0 uncollectible dues 400 0 0 taxes & assessments 259 0 0”

Raw XML Appendix357 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/TotalRevenuePerForm990Amt0375676
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0375676
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0262204
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/ExplanationTxt5EXISTING INDUSTRY 7,376 0 0 ADVERTISING & PROMOTION 5,731 0 0 INSURANCE 4,988 0 0 JANITORIAL 4,876 0 0 SUPPLIES 2,975 0 0 EQUIPMENT RENTAL & MAINTE 2,821 0 0 TELEPHONE 2,413 0 0 AUTOMOTIVE 2,231 0 0 UTILITIES 1,766 0 0 UNCOLLECTIBLE DUES 400 0 0 TAXES & ASSESSMENTS 259 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/TotalAssetsBOYAmt01297070
IRS990/TotalAssetsEOYAmt01402613
IRS990/TotalAssetsGrp/BOYAmt01297070
IRS990/TotalAssetsGrp/EOYAmt01402613
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0262204
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016364
IRS990/TotalLiabilitiesEOYAmt08435
IRS990/TotalLiabilitiesGrp/BOYAmt016364
IRS990/TotalLiabilitiesGrp/EOYAmt08435
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01280706
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01394178
IRS990/TotalProgramServiceExpensesAmt0262204
IRS990/TotalProgramServiceRevenueAmt0370931
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0375676
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0375676
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01297070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01402613
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01280706
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01394178
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10300 MARKET ST NE STE 2
IRS990/USAddress/City0DECATUR
IRS990/USAddress/State0AL
IRS990/USAddress/ZIPCode035601
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.MCEDA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY W NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02563531213
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine10ECONOMIC DEVELOPMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0ECON
ReturnHeader/Filer/EIN0630577301
ReturnHeader/Filer/PhoneNum02563531213
ReturnHeader/Filer/USAddress/AddressLine10300 MARKET STREET NE SUITE 2
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 2
ReturnHeader/Filer/USAddress/City0DECATUR
ReturnHeader/Filer/USAddress/State0AL
ReturnHeader/Filer/USAddress/ZIPCode035601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631019234
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BYRD SMALLEY & ADAMS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 2179
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0DECATUR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0356022179
ReturnHeader/PreparerPersonGrp/PhoneNum02563531611
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY A SMALLEY CPA
ReturnHeader/ReturnTs02015-03-03T11:15:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-10-01
ReturnHeader/TaxPeriodEndDt02014-09-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,402,613
Liabilities
$8,435
Net assets
$1,394,178
Revenue
$375,676
Expenses
$262,204
Net income
$113,472
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