Civic Intelligence

Lake Martin Economic Dev Alliance Inc

990 • Fiscal year 2019 • EIN 63-1203580

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 20, 2020

PO Box 1105Alexander City, AL 35011

(256) 215-4411

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

46th percentile

1.3%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

62nd percentile

8.7%

Faster asset growth than 62% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$44,067

Up $3,525 (+8.7%) from 2018

Net Assets

Up

$44,067

Up $3,525 (+8.7%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$266,210

Down $51,955 (-16%) from 2018

Expenses

Down

$262,685

Down $69,433 (-21%) from 2018

Net Income

Up

$3,525

Up $17,478 (+125%) from 2018

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $75,652Liabilities 2010: $0Net Assets 2010: $75,6522010Assets 2011: $30,326Liabilities 2011: $0Net Assets 2011: $30,3262011Assets 2012: $25,627Liabilities 2012: $0Net Assets 2012: $25,6272012Assets 2013: $37,230Liabilities 2013: $0Net Assets 2013: $37,2302013Assets 2014: $78,654Liabilities 2014: $0Net Assets 2014: $78,6542014Assets 2015: $52,344Liabilities 2015: $0Net Assets 2015: $52,3442015Assets 2016: $40,467Liabilities 2016: $0Net Assets 2016: $40,4672016Assets 2017: $54,495Liabilities 2017: $0Net Assets 2017: $54,4952017Assets 2018: $40,542Liabilities 2018: $0Net Assets 2018: $40,5422018Assets 2019: $44,067Liabilities 2019: $0Net Assets 2019: $44,0672019Assets 2020: $136,357Liabilities 2020: $0Net Assets 2020: $136,3572020Assets 2021: $90,989Liabilities 2021: $0Net Assets 2021: $90,9892021Assets 2022: $122,531Liabilities 2022: $0Net Assets 2022: $122,5312022Assets 2023: $96,236Liabilities 2023: $0Net Assets 2023: $96,2362023Assets 2024: $181,193Liabilities 2024: $0Net Assets 2024: $181,1932024

Highlighted filing

2019

Assets$44,067
Liabilities$0
Net Assets$44,067

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $212,8012010Revenue 2011: $247,207Expenses 2011: $292,533Net Income 2011: -$45,3262011Expenses 2012: $258,1752012Expenses 2013: $286,7962013Revenue 2014: $313,307Expenses 2014: $271,883Net Income 2014: $41,4242014Revenue 2015: $243,227Expenses 2015: $269,537Net Income 2015: -$26,3102015Revenue 2016: $319,451Expenses 2016: $331,328Net Income 2016: -$11,8772016Revenue 2017: $293,009Expenses 2017: $278,981Net Income 2017: $14,0282017Revenue 2018: $318,165Expenses 2018: $332,118Net Income 2018: -$13,9532018Revenue 2019: $266,210Expenses 2019: $262,685Net Income 2019: $3,5252019Revenue 2020: $300,672Expenses 2020: $208,382Net Income 2020: $92,2902020Revenue 2021: $307,411Expenses 2021: $352,779Net Income 2021: -$45,3682021Revenue 2022: $285,661Expenses 2022: $254,119Net Income 2022: $31,5422022Revenue 2023: $304,925Expenses 2023: $331,220Net Income 2023: -$26,2952023Revenue 2024: $312,889Expenses 2024: $213,647Net Income 2024: $99,2422024

Highlighted filing

2019

Revenue$266,210
Expenses$262,685
Net Income$3,525
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 20, 2020
Return Version
2018v3.1
Gross Receipts
$266,210
Mission and Program Overview

Mission

The mission of the lake martin area economic development alliance is twofold. One, to attract new business and industry to the lake martin area; two, existing business and industry retention.

The mission of the lake martin area economic development alliance is twofold. One, to attract new business to the area; two, existing business and industry retention.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$40,542$44,067▲ $3,525
Savings and Temporary Cash Investments$13,382$30,950▲ $17,568
Accounts Receivable$22,500$12,500▼ $10,000
Land, Buildings, and Equipment, Net$1,057$616▼ $441
Cash and Non-Interest-Bearing Accounts$3,603$1▼ $3,602
Total Assets$40,542$44,067▲ $3,525
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$40,542$44,067▲ $3,525
Total Liabilities and Net Assets / Fund Balance$40,542$44,067▲ $3,525

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$616$26,151$26,767
Other Land Buildings-$5,956$5,956
Compensation and Service Providers

Board Members and Trustees

NameTitle
T C ColeyChairman
Dr Susan BurrowVice Chairma
Connie BainbridgeDirector
David SturdivantDirector
Ed CollariDirector
Fred ClarkDirector
Iw KimDirector
Jim PeaceDirector
Jimmy BrockDirector
K KimDirector
Les SellersDirector
Mark SpencerDirector
Richard DeanDirector
Tal EastDirector
Unzell KellyDirector
Wayne SmithSecretary
Tommy SpragginsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$266,060
Program Service Revenue
$0
Investment Income
$150
Other Revenue
$0
All Other Contributions
$266,060
Change in Net Assets
$3,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$198,783
Other Expenses$63,902
Total Fundraising Expense$2,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$183,495--$183,495
Other Employee Benefits$15,288--$15,288
Advertising$7,769-$2,589$10,358
Other Expenses$5,151--$5,151
Travel$2,962--$2,962
All Other Expenses$2,338$336-$2,674
Office Expenses-$2,338-$2,338
Conferences and Meetings$2,111--$2,111
Information Technology$1,844--$1,844
Insurance-$1,431-$1,431
Fees for Services Accounting-$750-$750
Depreciation Depletion$441--$441
Total Functional Expenses$255,241$4,855$2,589$262,685
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
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Lake Martin Economic
EIN
63-1203580
Phone
2562154411
Address
PO BOX 1105, ALEXANDER CITY, AL 35011

Signing Officer

Name
T C Coley
Title
Chairman
Phone
2562154411
Signed
2020-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
T C Coley
Voting Board Members
18
Independent Board Members
18
Employees
3

Preparer

Firm
Abernathy & Britton Pc
Address
256 S CENTRAL AVE, ALEXANDER CITY, AL 35010-2535
Preparer
John P Abernathy
Phone
2562343561
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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/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt040542
IRS990/TotalAssetsEOYAmt044067
IRS990/TotalAssetsGrp/BOYAmt040542
IRS990/TotalAssetsGrp/EOYAmt044067
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0266060
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02589
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04855
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0255241
IRS990/TotalFunctionalExpensesGrp/TotalAmt0262685
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt040542
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt044067
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0150
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0266210
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040542
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt044067
IRS990/TravelGrp/ProgramServicesAmt02962
IRS990/TravelGrp/TotalAmt02962
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0LAKEMARTINEDA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0T C COLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02562154411
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE MARTIN ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEV ALLIANCE INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0631203580
ReturnHeader/Filer/PhoneNum02562154411
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1105
ReturnHeader/Filer/USAddress/CityNm0ALEXANDER CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035011
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId032BC07D3DFC36E7B6C3FD2AE961B6149B879D035
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId032BC07D3DFC36E7B6C3FD2AE961B6149B879D035
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.8.44.202
ReturnHeader/FilingSecurityInformation/IPDt02020-02-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:32:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631173261
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ABERNATHY & BRITTON PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0256 S CENTRAL AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALEXANDER CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0350102535
ReturnHeader/PreparerPersonGrp/PhoneNum02562343561
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN P ABERNATHY
ReturnHeader/ReturnTs02020-02-13T09:32:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.00$1.81$3.13$2.14$0.99
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.00$0.96$3.05$3.31$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$2.86$2.54$0.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$3.07$3.53$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.00$1.36$3.01$2.08$0.92
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$2.66$2.63$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.00$0.41$3.18$3.32$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.00$0.54$2.93$2.79$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.00$0.40$3.19$3.31$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$2.43$2.70$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$3.13$2.72$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.00$0.37$2.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$2.58
2011Summary only. Only limited summary data is available for this year.$0.30$0.00$0.30$2.47$2.93$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.00$0.76$2.13
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)6 • <$500k nonprofits