Civic Intelligence

Logan County

990 • Fiscal year 2021 • EIN 73-1217222

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 26, 2022

Organization Profilewww.logancountyedc.org
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

85th percentile

0.46x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

11.92x

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

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

92nd percentile

41%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

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

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

15th percentile

-1.8%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-25%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$2,241,196

Down $41,070 (-1.8%) from 2020

Net Assets

Up

$1,199,068

Up $52,552 (+4.6%) from 2020

Liabilities

Down

$1,042,128

Down $93,622 (-8.2%) from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin92nd percentile

Revenue

Down

$87,434

Down $29,877 (-25%) from 2020

Expenses

Down

$51,246

Down $1,382 (-2.6%) from 2020

Net Income

Down

$36,188

Down $28,495 (-44%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2021

Assets$2,241,196
Liabilities$1,042,128
Net Assets$1,199,068
Open 2021 Filing

Operations Trend

Revenue Growth9th 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

2021

Revenue$87,434
Expenses$51,246
Net Income$36,188
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 26, 2022
Return Version
2020v4.0
Gross Receipts
$87,434
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
Rtn Earn Endowment Incm Other Fnds$1,146,516$1,199,068▲ $52,552
Cash and Non-Interest-Bearing Accounts$850,938$1,176,882▲ $325,944
Other Notes and Loans Receivable, Net$1,431,328$1,064,314▼ $367,014
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$2,282,266$2,241,196▼ $41,070
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,128,298$1,034,144▼ $94,154
Other Liabilities$7,452$7,984▲ $532
Total Liabilities$1,135,750$1,042,128▼ $93,622
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,146,516$1,199,068▲ $52,552
Total Liabilities and Net Assets / Fund Balance$2,282,266$2,241,196▼ $41,070
Compensation and Service Providers
Top Officer Pay25th percentile

Board Members and Trustees

NameTitle
Chad JohnsonPresident
Jed WaggonerVice President
Bobby StittDirector
Collin DuelDirector
Dana HornbeckDirector
Doug MajorDirector
Kent SmithDirector
Laverne DowdingDirector
Martie OylerDirector
Mike SimpsonDirector
Spencer BrowneDirector
Steven GentlingDirector
Jan GoodyearSecretary
John ThomasonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,500
Program Service Revenue
$80,021
Investment Income
$3,913
Other Revenue
$0
Change in Net Assets
$36,188

Audited Revenue Reconciliation

Revenue per Audited Statements
$87,434
Total Revenue per Audited Statements
$87,434
Total Revenue per Form 990
$87,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$15,300$5,100-$20,400
Fees for Services Accounting$8,614$2,871-$11,485
Interest$8,208$2,736-$10,944
Insurance$2,051$684-$2,735
All Other Expenses$171$57-$228
Other Expenses$139$46-$185
Advertising$5$1-$6
Total Functional Expenses$38,435$12,811$0$51,246

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$51,246
Total Expenses per Audited Statements$51,246
Total Expenses per Form 990$51,246
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$7,984
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 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
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
Yes

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
2022-01-26
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Ok
Voting Board Members
14
Independent Board Members
0
Employees
0
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 = $16364”

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IRS990/OtherExpensesGrp/ProgramServicesAmt2207
IRS990/OtherExpensesGrp/ProgramServicesAmt3139
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IRS990/OtherExpensesGrp/TotalAmt1387
IRS990/OtherExpensesGrp/TotalAmt2276
IRS990/OtherExpensesGrp/TotalAmt3185
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 995
IRS990/USAddress/CityNm0GUTHRIE
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd073044
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN THOMASON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SEC/TREAS
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOGAN COUNTY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,241,196
Liabilities
$1,042,128
Net assets
$1,199,068
Revenue
$87,434
Expenses
$51,246
Net income
$36,188
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
2021Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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