Civic Intelligence

Miami Area Economic Development Service Inc.

990 • Fiscal year 2020 • EIN 73-1263634

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.MIAMI-OK.ORG
11 South Main StreetMiami, OK 74354-6309

(918) 542-8405

Siviq Scores

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

Liabilities / Assets

64th percentile

0.22x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

4.85x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$72,500

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 34.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

11th percentile

-7.2%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-3.6%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$4,594,665

Down $355,887 (-7.2%) from 2019

Net Assets

Down

$3,575,256

Down $90,035 (-2.5%) from 2019

Liabilities

Down

$1,019,409

Down $265,852 (-21%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin17th percentile

Revenue

Down

$210,366

Down $7,889 (-3.6%) from 2019

Expenses

Up

$247,216

Up $14,488 (+6.2%) from 2019

Net Income

Down

-$36,850

Down $22,377 (-155%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,792,786Liabilities 2011: $1,206,509Net Assets 2011: $3,586,2772011Assets 2012: $4,765,399Liabilities 2012: $1,081,394Net Assets 2012: $3,684,0052012Assets 2013: $4,732,850Liabilities 2013: $971,225Net Assets 2013: $3,761,6252013Assets 2014: $4,482,438Liabilities 2014: $667,553Net Assets 2014: $3,814,8852014Assets 2015: $3,857,481Liabilities 2015: $24,564Net Assets 2015: $3,832,9172015Assets 2016: $5,010,422Liabilities 2016: $1,143,215Net Assets 2016: $3,867,2072016Assets 2017: $5,094,046Liabilities 2017: $1,285,615Net Assets 2017: $3,808,4312017Assets 2018: $5,002,199Liabilities 2018: $1,295,035Net Assets 2018: $3,707,1642018Assets 2019: $4,950,552Liabilities 2019: $1,285,261Net Assets 2019: $3,665,2912019Assets 2020: $4,594,665Liabilities 2020: $1,019,409Net Assets 2020: $3,575,2562020Assets 2021: $4,355,656Liabilities 2021: $823,751Net Assets 2021: $3,531,9052021Assets 2022: $4,410,039Liabilities 2022: $812,060Net Assets 2022: $3,597,9792022Assets 2023: $2,954,075Liabilities 2023: $5,119Net Assets 2023: $2,948,9562023Assets 2024: $2,668,699Liabilities 2024: $2,568Net Assets 2024: $2,666,1312024

Highlighted filing

2020

Assets$4,594,665
Liabilities$1,019,409
Net Assets$3,575,256
Open 2020 Filing

Operations Trend

Revenue Growth41st percentile

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

$500K$0-$500K-$1.0MRevenue 2011: $387,293Expenses 2011: $237,295Net Income 2011: $149,9982011Expenses 2012: $200,1102012Revenue 2013: $286,605Expenses 2013: $208,984Net Income 2013: $77,6212013Revenue 2014: $263,289Expenses 2014: $210,029Net Income 2014: $53,2602014Revenue 2015: $228,144Expenses 2015: $210,112Net Income 2015: $18,0322015Revenue 2016: $250,679Expenses 2016: $216,389Net Income 2016: $34,2902016Revenue 2017: $274,811Expenses 2017: $333,589Net Income 2017: -$58,7782017Revenue 2018: $226,330Expenses 2018: $286,295Net Income 2018: -$59,9652018Revenue 2019: $218,255Expenses 2019: $232,728Net Income 2019: -$14,4732019Revenue 2020: $210,366Expenses 2020: $247,216Net Income 2020: -$36,8502020Revenue 2021: $212,165Expenses 2021: $252,092Net Income 2021: -$39,9272021Revenue 2022: $34,046Expenses 2022: $24,200Net Income 2022: $9,8462022Revenue 2023: -$435,614Expenses 2023: $172,640Net Income 2023: -$608,2542023Revenue 2024: $205,622Expenses 2024: $182,630Net Income 2024: $22,9922024

Highlighted filing

2020

Revenue$210,366
Expenses$247,216
Net Income-$36,850
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$210,366
Mission and Program Overview

Mission

To provide expansion and location assistance to existing and new businesses in northeastern Oklahoma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,987,206$1,983,515▼ $3,691
Accounts Receivable$1,804,384$1,576,439▼ $227,945
Savings and Temporary Cash Investments$1,101,258$968,208▼ $133,050
Cash and Non-Interest-Bearing Accounts$57,704$66,503▲ $8,799
Total Assets$4,950,552$4,594,665▼ $355,887
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,280,500$1,015,100▼ $265,400
Accounts Payable and Accrued Expenses$4,761$4,309▼ $452
Total Liabilities$1,285,261$1,019,409▼ $265,852
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,665,291$3,575,256▼ $90,035
Total Net Assets Fund Balance$3,665,291$3,575,256▼ $90,035
Total Liabilities and Net Assets / Fund Balance$4,950,552$4,594,665▼ $355,887

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,964,819$2,079$1,966,898
Equipment$5,431$47,391$52,822
Other Land Buildings$13,265$31,863$45,128
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Charlotte HowePresident CEOFT$72,500$72,500

Board Members and Trustees

NameTitle
Ethel CookChair
Art CousatteVice-Chair
Heather LillardSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$105,280
Program Service Revenue
$94,396
Investment Income
$6,585
Other Revenue
$4,105
All Other Contributions
$68,430
Change in Net Assets
$-36,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$132,080
Other Expenses$115,136
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-$72,500-$72,500
Interest$49,296--$49,296
Other Salaries and Wages-$35,500-$35,500
Insurance-$16,423-$16,423
Other Employee Benefits-$15,520-$15,520
Fees for Services Accounting-$8,975-$8,975
Payroll Taxes-$8,560-$8,560
Other Expenses-$8,104-$8,104
Travel-$7,064-$7,064
Advertising-$5,193-$5,193
Office Expenses$140$4,365-$4,505
Depreciation Depletion-$3,691-$3,691
Fees for Services Legal$2,032$1,188-$3,220
Occupancy-$491-$491
Conferences and Meetings-$179-$179
Total Functional Expenses$51,468$195,748$0$247,216
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11A

“Tax return is reviewed by the president and board of directors of the Organization.”

Form 990, Part VI, Section B, Line 15B

“All compensation is reviewed and approved by the board of directors of the Organization.”

Filing and Contact Details

Filer

Filer Name
Miami Area Economic Development Service Inc
EIN
73-1263634
Phone
9185428405
Address
11 South Main Street, Miami, OK 74354-6309

Signing Officer

Name
Charolotte Howe
Title
President
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rudy Schultz
Formed
1985
Legal Domicile
Ok
Voting Board Members
12
Independent Board Members
12
Employees
2

Preparer

Firm
Ober & Littlefield CPA's PLLC
Address
124 South Main St, Miami, OK 74354
Preparer
John Ober
Phone
9185424401
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 750, Grants and allocations 0, Revenue 0 Community Development Block Grant Loan Administration Fund”

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 Oklahoma Local Entrepreneur Assistance Program Administration Fund”

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 USDA Rural Development Fund”

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 Micro Loan Program Fund”

Raw XML Appendix387 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04761
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04309
IRS990/AccountsReceivableGrp/BOYAmt01804384
IRS990/AccountsReceivableGrp/EOYAmt01576439
IRS990/AcctCompileOrReviewBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide expansion and location assistance to existing and new businesses in northeastern Oklahoma.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt05193
IRS990/AdvertisingGrp/TotalAmt05193
IRS990/AllOtherContributionsAmt068430
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Miami Area Economic Development Ser
IRS990/BooksInCareOfDetail/PhoneNum09185428405
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011 South Main Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Miami
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990/BooksInCareOfDetail/USAddress/ZIPCd074354
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt057704
IRS990/CashNonInterestBearingGrp/EOYAmt066503
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt072500
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt072500
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0179
IRS990/ConferencesMeetingsGrp/TotalAmt0179
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0105280
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06585
IRS990/CYOtherExpensesAmt0115136
IRS990/CYOtherRevenueAmt04105
IRS990/CYProgramServiceRevenueAmt094396
IRS990/CYRevenuesLessExpensesAmt0-36850
IRS990/CYSalariesCompEmpBnftPaidAmt0132080
IRS990/CYTotalExpensesAmt0247216
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0210366
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03691
IRS990/DepreciationDepletionGrp/TotalAmt03691
IRS990/Desc0MAEDS Revolving Loan Fund
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt050538
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08975
IRS990/FeesForServicesAccountingGrp/TotalAmt08975
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01188
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02032
IRS990/FeesForServicesLegalGrp/TotalAmt03220
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0Charlotte Howe
IRS990/Form990PartVIISectionAGrp/PersonNm1Ethel Cook
IRS990/Form990PartVIISectionAGrp/PersonNm2Art Cousatte
IRS990/Form990PartVIISectionAGrp/PersonNm3Heather Lillard
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt072500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0President CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary/Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt036850
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0210366
IRS990/GrossRentsGrp/RealAmt04105
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt016423
IRS990/InsuranceGrp/TotalAmt016423
IRS990/InterestGrp/ProgramServicesAmt049296
IRS990/InterestGrp/TotalAmt049296
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt06585
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06585
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt081333
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01987206
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01983515
IRS990/LandBldgEquipCostOrOtherBssAmt02064848
IRS990/LegalDomicileStateCd0OK
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide expansion and location assistance to existing and new businesses in northeastern Oklahoma.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01280500
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01015100
IRS990/NetAssetsOrFundBalancesBOYAmt03665291
IRS990/NetAssetsOrFundBalancesEOYAmt03575256
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04105
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03665291
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03575256
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0491
IRS990/OccupancyGrp/TotalAmt0491
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04365
IRS990/OfficeExpensesGrp/ProgramServicesAmt0140
IRS990/OfficeExpensesGrp/TotalAmt04505
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015520
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015520
IRS990/OtherExpensesGrp/Desc0Auto expense
IRS990/OtherExpensesGrp/Desc1Dues and subscriptions
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03832
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14163
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28104
IRS990/OtherExpensesGrp/TotalAmt03832
IRS990/OtherExpensesGrp/TotalAmt14163
IRS990/OtherExpensesGrp/TotalAmt28104
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035500
IRS990/OtherSalariesAndWagesGrp/TotalAmt035500
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08560
IRS990/PayrollTaxesGrp/TotalAmt08560
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Rudy Schultz
IRS990/PriorPeriodAdjustmentsAmt0-53185
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522299
IRS990/ProgramServiceRevenueGrp/Desc0Loan interest
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt094396
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt094396
IRS990/ProgSrvcAccomActy2Grp/Desc0Economic Development and Local Entrepeneur Loan Fund
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0180
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0114892
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08758
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0156404
IRS990/PYOtherRevenueAmt0550
IRS990/PYProgramServiceRevenueAmt094055
IRS990/PYRevenuesLessExpensesAmt0-14473
IRS990/PYSalariesCompEmpBnftPaidAmt076324
IRS990/PYTotalExpensesAmt0232728
IRS990/PYTotalRevenueAmt0218255
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-36850
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04105
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01101258
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0968208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt068430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0114892
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt099652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0122300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0415984
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06585
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01108
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03565
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt024754
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt094605
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0121940
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0113212
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0329757
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53990
IRS990ScheduleA/PublicSupportPY170Pct00.50590
IRS990ScheduleA/PublicSupportTotal170Amt0415984
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt068430
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0114892
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt099652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt010710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0122300
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0415984
IRS990ScheduleA/TotalSupportAmt0770495
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01964819
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02079
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01966898
IRS990ScheduleD/EquipmentGrp/BookValueAmt05431
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047391
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052822
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013265
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031863
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01983515
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 750, Grants and allocations 0, Revenue 0 Community Development Block Grant Loan Administration Fund
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Expenses 0, Grants and allocations 0, Revenue 0 Oklahoma Local Entrepreneur Assistance Program Administration Fund
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Program Service Expenses 0, Grants and allocations 0, Revenue 0 USDA Rural Development Fund
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program Service Expenses 0, Grants and allocations 0, Revenue 0 Micro Loan Program Fund
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Tax return is reviewed by the president and board of directors of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All compensation is reviewed and approved by the board of directors of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04950552
IRS990/TotalAssetsEOYAmt04594665
IRS990/TotalAssetsGrp/BOYAmt04950552
IRS990/TotalAssetsGrp/EOYAmt04594665
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0105280
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0195748
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051468
IRS990/TotalFunctionalExpensesGrp/TotalAmt0247216
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01285261
IRS990/TotalLiabilitiesEOYAmt01019409
IRS990/TotalLiabilitiesGrp/BOYAmt01285261
IRS990/TotalLiabilitiesGrp/EOYAmt01019409
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03665291
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03575256
IRS990/TotalOtherProgSrvcExpenseAmt0750
IRS990/TotalProgramServiceExpensesAmt051468
IRS990/TotalProgramServiceRevenueAmt094396
IRS990/TotalReportableCompFromOrgAmt072500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0100981
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0210366
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04950552
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04594665
IRS990/TravelGrp/ManagementAndGeneralAmt07064
IRS990/TravelGrp/TotalAmt07064
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011 South Main Street
IRS990/USAddress/CityNm0Miami
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd074354
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.MIAMI-OK.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Charolotte Howe
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Miami Area Economic Development Service Inc
ReturnHeader/Filer/BusinessNameControlTxt0MIAM
ReturnHeader/Filer/EIN0731263634
ReturnHeader/Filer/PhoneNum09185428405
ReturnHeader/Filer/USAddress/AddressLine1Txt011 South Main Street
ReturnHeader/Filer/USAddress/CityNm0Miami
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd0743546309
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ober & Littlefield CPA's PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0124 South Main St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Miami
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074354
ReturnHeader/PreparerPersonGrp/PhoneNum09185424401
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John Ober
ReturnHeader/ReturnTs02021-11-15T02:43:44-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Charlotte
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Howe
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,594,665
Liabilities
$1,019,409
Net assets
$3,575,256
Revenue
$210,366
Expenses
$247,216
Net income
-$36,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$0.21$0.18$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.95$0.01$2.95$0.44$0.17$0.61
2022Detailed filing. Detailed filing data is available for this year.$4.41$0.81$3.60$0.03$0.02$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.36$0.82$3.53$0.21$0.25$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.59$1.02$3.58$0.21$0.25$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.95$1.29$3.67$0.22$0.23$0.01
2018Detailed filing. Detailed filing data is available for this year.$5.00$1.30$3.71$0.23$0.29$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.09$1.29$3.81$0.27$0.33$0.06
2016Summary only. Only limited summary data is available for this year.$5.01$1.14$3.87$0.25$0.22$0.03
2015Summary only. Only limited summary data is available for this year.$3.86$0.02$3.83$0.23$0.21$0.02
2014Summary only. Only limited summary data is available for this year.$4.48$0.67$3.81$0.26$0.21$0.05
2013Summary only. Only limited summary data is available for this year.$4.73$0.97$3.76$0.29$0.21$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$1.08$3.68$0.20
2011Summary only. Only limited summary data is available for this year.$4.79$1.21$3.59$0.39$0.24$0.15