Civic Intelligence

Gadsden-Etowah Industrial Development Authority

990 • Fiscal year 2017 • EIN 63-0888911

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 15, 2018

Organization ProfileWWW.GADSDENIDA.ORG
P O Box 271Gadsden, AL 35902

(256) 543-9423

Siviq Scores

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

Liabilities / Assets

57th percentile

0.01x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.01x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

87th percentile

24%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$78,987

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 39.5% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

92nd percentile

63%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets57th percentile

Assets

Flat

$126,935

Flat from 2017

Net Assets

Flat

$125,189

Flat from 2017

Liabilities

Flat

$1,746

Flat from 2017

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin87th percentile

Revenue

Flat

$200,007

Flat from 2017

Expenses

Flat

$152,043

Flat from 2017

Net Income

Flat

$47,964

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $196,768Liabilities 2011: $4,197Net Assets 2011: $192,5712011Assets 2012: $155,894Liabilities 2012: $1,128Net Assets 2012: $154,7662012Assets 2013: $78,413Liabilities 2013: $8,888Net Assets 2013: $69,5252013Assets 2014: $136,556Liabilities 2014: $8,420Net Assets 2014: $128,1362014Assets 2015: $152,246Liabilities 2015: $7,349Net Assets 2015: $144,8972015Assets 2016: $77,928Liabilities 2016: $703Net Assets 2016: $77,2252016Assets 2017: $126,935Liabilities 2017: $1,746Net Assets 2017: $125,1892017Assets 2017: $126,935Liabilities 2017: $1,746Net Assets 2017: $125,1892017Assets 2018: $329,714Liabilities 2018: $1,801Net Assets 2018: $327,9132018Assets 2019: $473,502Liabilities 2019: $5,016Net Assets 2019: $468,4862019Assets 2020: $551,997Liabilities 2020: $4,553Net Assets 2020: $547,4442020Assets 2021: $663,197Liabilities 2021: $4,538Net Assets 2021: $658,6592021Assets 2022: $719,252Liabilities 2022: $10,293Net Assets 2022: $708,9592022Assets 2023: $841,609Liabilities 2023: $14,839Net Assets 2023: $826,7702023Assets 2024: $1,035,686Liabilities 2024: $92,900Net Assets 2024: $942,7862024Assets 2025: $1,059,690Liabilities 2025: $79,622Net Assets 2025: $980,0682025

Highlighted filing

2017

Assets$126,935
Liabilities$1,746
Net Assets$125,189
Open 2017 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $475,053Expenses 2011: $474,927Net Income 2011: $1262011Revenue 2012: $407,676Expenses 2012: $445,481Net Income 2012: -$37,8052012Revenue 2013: $431,641Expenses 2013: $516,884Net Income 2013: -$85,2432013Revenue 2014: $436,962Expenses 2014: $431,143Net Income 2014: $5,8192014Revenue 2015: $430,000Expenses 2015: $413,239Net Income 2015: $16,7612015Revenue 2016: $179,080Expenses 2016: $246,752Net Income 2016: -$67,6722016Revenue 2017: $200,007Expenses 2017: $152,043Net Income 2017: $47,9642017Revenue 2017: $200,007Expenses 2017: $152,043Net Income 2017: $47,9642017Revenue 2018: $374,000Expenses 2018: $171,276Net Income 2018: $202,7242018Revenue 2019: $377,202Expenses 2019: $236,629Net Income 2019: $140,5732019Revenue 2020: $418,688Expenses 2020: $339,730Net Income 2020: $78,9582020Revenue 2021: $457,186Expenses 2021: $345,971Net Income 2021: $111,2152021Revenue 2022: $415,686Expenses 2022: $365,386Net Income 2022: $50,3002022Revenue 2023: $562,433Expenses 2023: $444,622Net Income 2023: $117,8112023Revenue 2024: $627,839Expenses 2024: $511,823Net Income 2024: $116,0162024Revenue 2025: $619,213Expenses 2025: $581,931Net Income 2025: $37,2822025

Highlighted filing

2017

Revenue$200,007
Expenses$152,043
Net Income$47,964
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 15, 2018
Return Version
2016v3.1
Gross Receipts
$200,007
Mission and Program Overview

Mission

To promote industry and develop trade by inducing manufacturing, industrial, and commercial enterprises to locate in etowah county, alabama

To work with local governments to attract and expand local businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$38,113$94,412▲ $56,299
Land, Buildings, and Equipment, Net$39,815$32,523▼ $7,292
Total Assets$77,928$126,935▲ $49,007
Liabilities
Accounts Payable and Accrued Expenses$703$1,746▲ $1,043
Total Liabilities$703$1,746▲ $1,043
Net Assets / Fund Balance
Unrestricted Net Assets$31,424$97,695▲ $66,271
Temporarily Rstr Net Assets$45,801$27,494▼ $18,307
Total Net Assets Fund Balance$77,225$125,189▲ $47,964
Total Liabilities and Net Assets / Fund Balance$77,928$126,935▲ $49,007

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,797$152,800$171,597
Leasehold Improvements$13,726$4,402$18,128
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William GreeneDeputy ExecuFT$63,768$15,219$78,987

Board Members and Trustees

NameTitle
Larry MeansPresident
Alan CosbyDirector
Carol GillilandDirector
Chad HareDirector
Earl HeardDirector
Ed MillerDirector
Greg BennettDirector
Jan RoweDirector
John ReedDirector
Martha LavenderDirector
Mike HarrisDirector
Mike ShannonDirector
Nanda PatelDirector
Steve HildebrantDirector
Tim MccartneyDirector
Wayne RoweDirector
Harry McclendonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$200,007
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$47,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$80,380
Other Expenses$71,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$38,261$25,507-$63,768
Occupancy-$18,657-$18,657
Other Employee Benefits-$10,118-$10,118
Fees for Services Accounting$8,508--$8,508
Depreciation Depletion-$7,505-$7,505
Information Technology-$5,449-$5,449
Pension Plan Contributions-$5,101-$5,101
Insurance-$4,460-$4,460
All Other Expenses$1,450$2,334-$3,784
Other Expenses$5,298$3,317-$3,317
Office Expenses-$3,056-$3,056
Payroll Taxes$836$557-$1,393
Conferences and Meetings$466--$466
Advertising$250--$250
Total Functional Expenses$55,069$96,974$0$152,043
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“The 990 is reviewed and approved by the board treasurer and board of directors before submission”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Gadsden-etowah Industrial
EIN
63-0888911
Phone
2565439423
Address
P O BOX 271, GADSDEN, AL 35902

Signing Officer

Name
Harry Mcclendon
Title
Treasurer
Phone
2565439423
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Means
Formed
1984
Legal Domicile
Al
Voting Board Members
17
Independent Board Members
17
Employees
2

Preparer

Firm
Gerald G Pentecost Jr CPA
Address
116 CHURCH ST STE 1, RAINBOW CITY, AL 35906
Preparer
Gerald G Pentecost Jr CPA
Phone
2564594310
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 1

“The form 990 has been prepared on the modified cash basis of accounting. The authority records revenue and other support when received rather than when earned and expenses are recorded when paid rather than when the obligation is incurred. Modifications to the cash basis of accounting include capitalizing and recording depreciation for office equipment and other fixed assets, receivables for reimbursement of expenses, trust fund tax withholding liabilities, and borrowings and repayments of debt.”

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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/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010118
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010118
IRS990/OtherExpensesGrp/Desc0TELECOMMUNICATIONS
IRS990/OtherExpensesGrp/Desc1PROSPECT MEALS AND ENTERT
IRS990/OtherExpensesGrp/Desc2AUTO AND TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3CONTRACT LABOR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07061
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13852
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23317
IRS990/OtherExpensesGrp/ProgramServicesAmt05298
IRS990/OtherExpensesGrp/TotalAmt07061
IRS990/OtherExpensesGrp/TotalAmt15298
IRS990/OtherExpensesGrp/TotalAmt23852
IRS990/OtherExpensesGrp/TotalAmt33317
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0557
IRS990/PayrollTaxesGrp/ProgramServicesAmt0836
IRS990/PayrollTaxesGrp/TotalAmt01393
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05101
IRS990/PensionPlanContributionsGrp/TotalAmt05101
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LARRY MEANS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACT SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0200007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0200007
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt0132479
IRS990/PYProgramServiceRevenueAmt0179061
IRS990/PYRevenuesLessExpensesAmt0-67691
IRS990/PYSalariesCompEmpBnftPaidAmt0114273
IRS990/PYTotalExpensesAmt0246752
IRS990/PYTotalRevenueAmt0179061
IRS990/ReconcilationRevenueExpnssAmt047964
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt018797
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0152800
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0171597
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013726
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04402
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018128
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032523
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND APPROVED BY THE BOARD TREASURER AND BOARD OF DIRECTORS BEFORE SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 HAS BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING. THE AUTHORITY RECORDS REVENUE AND OTHER SUPPORT WHEN RECEIVED RATHER THAN WHEN EARNED AND EXPENSES ARE RECORDED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. MODIFICATIONS TO THE CASH BASIS OF ACCOUNTING INCLUDE CAPITALIZING AND RECORDING DEPRECIATION FOR OFFICE EQUIPMENT AND OTHER FIXED ASSETS, RECEIVABLES FOR REIMBURSEMENT OF EXPENSES, TRUST FUND TAX WITHHOLDING LIABILITIES, AND BORROWINGS AND REPAYMENTS OF DEBT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 12, PART XII, LINE 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt045801
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt027494
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt077928
IRS990/TotalAssetsEOYAmt0126935
IRS990/TotalAssetsGrp/BOYAmt077928
IRS990/TotalAssetsGrp/EOYAmt0126935
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096974
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt055069
IRS990/TotalFunctionalExpensesGrp/TotalAmt0152043
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0703
IRS990/TotalLiabilitiesEOYAmt01746
IRS990/TotalLiabilitiesGrp/BOYAmt0703
IRS990/TotalLiabilitiesGrp/EOYAmt01746
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt077225
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0125189
IRS990/TotalOtherCompensationAmt015219
IRS990/TotalProgramServiceExpensesAmt055069
IRS990/TotalProgramServiceRevenueAmt0200007
IRS990/TotalReportableCompFromOrgAmt063768
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200007
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0200007
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt077928
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0126935
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt031424
IRS990/UnrestrictedNetAssetsGrp/EOYAmt097695
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE COMMERCE SQUARE
IRS990/USAddress/CityNm0GADSDEN
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035901
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0WWW.GADSDENIDA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HARRY MCCLENDON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02565439423
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GADSDEN-ETOWAH INDUSTRIAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT AUTHORITY
ReturnHeader/Filer/BusinessNameControlTxt0GADS
ReturnHeader/Filer/EIN0630888911
ReturnHeader/Filer/PhoneNum02565439423
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 271
ReturnHeader/Filer/USAddress/CityNm0GADSDEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035902
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E8853820BC97883E6A715588E1E70A1C8EBEA6EE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AFB5F2223C4B292A982AB18322EFE325887FE94D
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463640587
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GERALD G PENTECOST JR CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116 CHURCH ST STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RAINBOW CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035906
ReturnHeader/PreparerPersonGrp/PhoneNum02564594310
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD G PENTECOST JR CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-02-15T09:42:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$126,935
Liabilities
$1,746
Net assets
$125,189
Revenue
$200,007
Expenses
$152,043
Net income
$47,964
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.08$0.98$0.62$0.58$0.04
2024Summary only. Only limited summary data is available for this year.$1.04$0.09$0.94$0.63$0.51$0.12
2023Summary only. Only limited summary data is available for this year.$0.84$0.01$0.83$0.56$0.44$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.01$0.71$0.42$0.37$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.00$0.66$0.46$0.35$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.00$0.55$0.42$0.34$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.01$0.47$0.38$0.24$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.00$0.33$0.37$0.17$0.20
2017Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.20$0.15$0.05
2017Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$0.20$0.15$0.05
2016Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$0.18$0.25$0.07
2015Summary only. Only limited summary data is available for this year.$0.15$0.01$0.14$0.43$0.41$0.02
2014Summary only. Only limited summary data is available for this year.$0.14$0.01$0.13$0.44$0.43$0.01
2013Summary only. Only limited summary data is available for this year.$0.08$0.01$0.07$0.43$0.52$0.09
2012Summary only. Only limited summary data is available for this year.$0.16$0.00$0.15$0.41$0.45$0.04
2011Summary only. Only limited summary data is available for this year.$0.20$0.00$0.19$0.48$0.47$0.00