Civic Intelligence

Logan County

990 • Fiscal year 2019 • EIN 73-1217222

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 18, 2020

Organization Profilewww.logancountyedc.com
P O Box 995Guthrie, OK 73044

(405) 282-0060

Siviq Scores

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

Liabilities / Assets

86th percentile

0.54x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

8.37x

Higher debt load relative to revenue than 100% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

97th percentile

49%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

29th percentile

-0.5%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

4.6%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$2,292,434

Down $11,156 (-0.5%) from 2018

Net Assets

Up

$1,060,721

Up $80,660 (+8.2%) from 2018

Liabilities

Down

$1,231,713

Down $91,816 (-6.9%) from 2018

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin97th percentile

Revenue

Up

$147,155

Up $6,519 (+4.6%) from 2018

Expenses

Up

$74,667

Up $4,524 (+6.4%) from 2018

Net Income

Up

$72,488

Up $1,995 (+2.8%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,464,451Liabilities 2011: $1,924,291Net Assets 2011: $540,1602011Assets 2012: $2,441,641Liabilities 2012: $1,862,839Net Assets 2012: $578,8022012Assets 2013: $2,368,469Liabilities 2013: $1,780,306Net Assets 2013: $588,1632013Assets 2014: $2,316,798Liabilities 2014: $1,687,844Net Assets 2014: $628,9542014Assets 2015: $2,355,320Liabilities 2015: $1,604,146Net Assets 2015: $751,1742015Assets 2016: $2,340,241Liabilities 2016: $1,512,822Net Assets 2016: $827,4192016Assets 2017: $2,340,220Liabilities 2017: $1,417,674Net Assets 2017: $922,5462017Assets 2018: $2,303,590Liabilities 2018: $1,323,529Net Assets 2018: $980,0612018Assets 2019: $2,292,434Liabilities 2019: $1,231,713Net Assets 2019: $1,060,7212019Assets 2020: $2,282,266Liabilities 2020: $1,135,750Net Assets 2020: $1,146,5162020Assets 2021: $2,241,196Liabilities 2021: $1,042,128Net Assets 2021: $1,199,0682021Assets 2022: $2,144,978Liabilities 2022: $946,895Net Assets 2022: $1,198,0832022Assets 2023: $2,139,252Liabilities 2023: $849,764Net Assets 2023: $1,289,4882023Assets 2024: $2,093,780Liabilities 2024: $748,878Net Assets 2024: $1,344,9022024

Highlighted filing

2019

Assets$2,292,434
Liabilities$1,231,713
Net Assets$1,060,721
Open 2019 Filing

Operations Trend

Revenue Growth55th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $136,545Expenses 2011: $78,145Net Income 2011: $58,4002011Expenses 2012: $80,1912012Expenses 2013: $72,9202013Revenue 2014: $149,807Expenses 2014: $74,329Net Income 2014: $75,4782014Revenue 2015: $227,549Expenses 2015: $74,630Net Income 2015: $152,9192015Revenue 2016: $144,640Expenses 2016: $72,093Net Income 2016: $72,5472016Revenue 2017: $153,445Expenses 2017: $72,275Net Income 2017: $81,1702017Revenue 2018: $140,636Expenses 2018: $70,143Net Income 2018: $70,4932018Revenue 2019: $147,155Expenses 2019: $74,667Net Income 2019: $72,4882019Revenue 2020: $117,311Expenses 2020: $52,628Net Income 2020: $64,6832020Revenue 2021: $87,434Expenses 2021: $51,246Net Income 2021: $36,1882021Revenue 2022: $88,355Expenses 2022: $98,389Net Income 2022: -$10,0342022Revenue 2023: $188,255Expenses 2023: $107,376Net Income 2023: $80,8792023Revenue 2024: $286,200Expenses 2024: $179,556Net Income 2024: $106,6442024

Highlighted filing

2019

Revenue$147,155
Expenses$74,667
Net Income$72,488
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 18, 2020
Return Version
2018v3.1
Gross Receipts
$147,155
Mission and Program Overview

Mission

The primary exempt purpose of this organization is to provide a stimulus for economic growth in Logan County, Oklahoma through various programs including low interest loans, recruiting new businesses to the county, providing growth expansion assistance and promoting individual leasdership in county activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,903,957$1,779,501▼ $124,456
Rtn Earn Endowment Incm Other Fnds$980,061$1,060,721▲ $80,660
Cash and Non-Interest-Bearing Accounts$399,633$512,933▲ $113,300
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,303,590$2,292,434▼ $11,156
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,312,353$1,221,315▼ $91,038
Other Liabilities$8,792$8,751▼ $41
Accounts Payable and Accrued Expenses$2,384$1,647▼ $737
Total Liabilities$1,323,529$1,231,713▼ $91,816
Net Assets / Fund Balance
Total Net Assets Fund Balance$980,061$1,060,721▲ $80,660
Total Liabilities and Net Assets / Fund Balance$2,303,590$2,292,434▼ $11,156
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
Joe RobillardPresident
Chad JohnsonVice President
Bobby StittDirector
Doug MajorDirector
Jan GoodyearDirector
Janet SmithDirector
Jed WaggonerDirector
Jim StengleDirector
Kent SmithDirector
Laverne DowdingDirector
Lynda MobleyDirector
Mike SimpsonDirector
John ThomasonSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$144,106
Investment Income
$3,049
Other Revenue
$0
Change in Net Assets
$72,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$39,563
Salaries, Compensation, and Employee Benefits$35,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,407$8,135-$32,542
Interest$9,410$3,137-$12,547
Fees for Services Management$5,775$1,925-$7,700
Fees for Services Accounting$4,290$1,430-$5,720
Insurance$2,224$741-$2,965
Payroll Taxes$1,922$640-$2,562
Occupancy$1,856$619-$2,475
All Other Expenses$659$219-$878
Other Expenses$424$141-$565
Total Functional Expenses$56,002$18,665$0$74,667
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$8,751
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Reviewed at board meeting.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Logan County
EIN
73-1217222
Phone
4052820060
Address
P O BOX 995, GUTHRIE, OK 73044

Signing Officer

Name
John Thomason
Title
Sec/treas
Signed
2020-02-18
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Ok
Voting Board Members
13
Independent Board Members
0
Employees
1
Volunteers
14

Preparer

Firm
James a Overton CPA Inc
Address
215 East Oklahoma, Guthrie, OK 73044
Preparer
James Overton
Phone
4052821322
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Changes in allowance for uncillectibles = $8172”

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0619
IRS990/OccupancyGrp/ProgramServicesAmt01856
IRS990/OccupancyGrp/TotalAmt02475
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt08172
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0AUDIT FEES
IRS990/OtherExpensesGrp/Desc1DUES
IRS990/OtherExpensesGrp/Desc2OFFICE
IRS990/OtherExpensesGrp/Desc3MEETINGS/SEMINARS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1406
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2272
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3141
IRS990/OtherExpensesGrp/ProgramServicesAmt03000
IRS990/OtherExpensesGrp/ProgramServicesAmt11219
IRS990/OtherExpensesGrp/ProgramServicesAmt2816
IRS990/OtherExpensesGrp/ProgramServicesAmt3424
IRS990/OtherExpensesGrp/TotalAmt04000
IRS990/OtherExpensesGrp/TotalAmt11625
IRS990/OtherExpensesGrp/TotalAmt21088
IRS990/OtherExpensesGrp/TotalAmt3565
IRS990/OtherLiabilitiesGrp/BOYAmt08792
IRS990/OtherLiabilitiesGrp/EOYAmt08751
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08135
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt024407
IRS990/OtherSalariesAndWagesGrp/TotalAmt032542
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01903957
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01779501
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0640
IRS990/PayrollTaxesGrp/ProgramServicesAmt01922
IRS990/PayrollTaxesGrp/TotalAmt02562
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0INT ON PROJECT LOANS
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0126847
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117259
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0126847
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117259
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt02911
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt031850
IRS990/PYProgramServiceRevenueAmt0137725
IRS990/PYRevenuesLessExpensesAmt070493
IRS990/PYSalariesCompEmpBnftPaidAmt038293
IRS990/PYTotalExpensesAmt070143
IRS990/PYTotalRevenueAmt0140636
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt072488
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0980061
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01060721
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08751
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/TotalLiabilityAmt08751
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHANGES IN ALLOWANCE FOR UNCILLECTIBLES = $8172
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02303590
IRS990/TotalAssetsEOYAmt02292434
IRS990/TotalAssetsGrp/BOYAmt02303590
IRS990/TotalAssetsGrp/EOYAmt02292434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018665
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056002
IRS990/TotalFunctionalExpensesGrp/TotalAmt074667
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01323529
IRS990/TotalLiabilitiesEOYAmt01231713
IRS990/TotalLiabilitiesGrp/BOYAmt01323529
IRS990/TotalLiabilitiesGrp/EOYAmt01231713
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0980061
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01060721
IRS990/TotalProgramServiceRevenueAmt0144106
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0147155
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0147155
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02303590
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02292434
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 995
IRS990/USAddress/CityNm0GUTHRIE
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd073044
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.logancountyedc.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN THOMASON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SEC/TREAS
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOGAN COUNTY

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,292,434
Liabilities
$1,231,713
Net assets
$1,060,721
Revenue
$147,155
Expenses
$74,667
Net income
$72,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.75$1.34$0.29$0.18$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.85$1.29$0.19$0.11$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.95$1.20$0.09$0.10$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.04$1.20$0.09$0.05$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$1.14$1.15$0.12$0.05$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.29$1.23$1.06$0.15$0.07$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$1.32$0.98$0.14$0.07$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$1.42$0.92$0.15$0.07$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$1.51$0.83$0.14$0.07$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$1.60$0.75$0.23$0.07$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.32$1.69$0.63$0.15$0.07$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$1.78$0.59$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$1.86$0.58$0.08
2011Summary only. Only limited summary data is available for this year.$2.46$1.92$0.54$0.14$0.08$0.06