Civic Intelligence

The Welch Area Development Authority

990EZ • Fiscal year 2022 • EIN 73-1375721

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

Organization Profile
PO Box 88Welch, OK 74369

(918) 961-0718

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.03x

Higher debt load relative to assets than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.42x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

50th percentile

0.9%

Faster asset growth than 50% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-92%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$221,679

Up $2,035 (+0.9%) from 2021

Net Assets

Up

$214,029

Up $2,035 (+1.0%) from 2021

Liabilities

Flat

$7,650

Flat from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin83rd percentile

Revenue

Down

$5,403

Down $58,957 (-92%) from 2021

Expenses

Down

$3,459

Down $34,069 (-91%) from 2021

Net Income

Down

$1,944

Down $24,888 (-93%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$300K$200K$100K$0Assets 2010: $84,360Liabilities 2010: $02010Assets 2011: $89,107Liabilities 2011: $02011Assets 2012: $88,502Liabilities 2012: $02012Assets 2013: $130,498Liabilities 2013: $02013Assets 2014: $132,761Liabilities 2014: $0Net Assets 2014: $132,7612014Assets 2015: $134,340Liabilities 2015: $0Net Assets 2015: $134,3402015Assets 2016: $135,706Liabilities 2016: $0Net Assets 2016: $135,7062016Assets 2017: $142,070Liabilities 2017: $0Net Assets 2017: $142,0702017Assets 2018: $145,891Liabilities 2018: $0Net Assets 2018: $145,8912018Assets 2019: $166,236Liabilities 2019: $0Net Assets 2019: $166,2362019Assets 2020: $185,162Liabilities 2020: $0Net Assets 2020: $185,1622020Assets 2021: $219,644Liabilities 2021: $7,650Net Assets 2021: $211,9942021Assets 2022: $221,679Liabilities 2022: $7,650Net Assets 2022: $214,0292022Assets 2023: $224,694Liabilities 2023: $0Net Assets 2023: $224,6942023Assets 2024: $245,075Liabilities 2024: $0Net Assets 2024: $245,0752024

Highlighted filing

2022

Assets$221,679
Liabilities$7,650
Net Assets$214,029
Open 2022 Filing

Operations Trend

Revenue Growth3rd percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2010: $5,656Expenses 2010: $18,215Net Income 2010: -$12,5592010Revenue 2011: $7,784Expenses 2011: $3,037Net Income 2011: $4,7472011Revenue 2012: $6,488Expenses 2012: $7,093Net Income 2012: -$6052012Revenue 2013: $46,971Expenses 2013: $4,975Net Income 2013: $41,9962013Revenue 2014: $3,428Expenses 2014: $1,165Net Income 2014: $2,2632014Revenue 2015: $2,729Expenses 2015: $1,150Net Income 2015: $1,5792015Revenue 2016: $3,001Expenses 2016: $1,635Net Income 2016: $1,3662016Revenue 2017: $9,072Expenses 2017: $2,708Net Income 2017: $6,3642017Revenue 2018: $5,070Expenses 2018: $1,249Net Income 2018: $3,8212018Revenue 2019: $22,742Expenses 2019: $2,397Net Income 2019: $20,3452019Revenue 2020: $22,094Expenses 2020: $3,168Net Income 2020: $18,9262020Revenue 2021: $64,360Expenses 2021: $37,528Net Income 2021: $26,8322021Revenue 2022: $5,403Expenses 2022: $3,459Net Income 2022: $1,9442022Revenue 2023: $21,572Expenses 2023: $10,907Net Income 2023: $10,6652023Revenue 2024: $26,175Expenses 2024: $5,794Net Income 2024: $20,3812024

Highlighted filing

2022

Revenue$5,403
Expenses$3,459
Net Income$1,944
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$5,403
Mission and Program Overview

Mission

Improve quality of life in welch area

Program Services

DescriptionGrantsExpenses
FUNDS TOWARD NEW DOWNTOWN BUSINESS PROJECT-$3,459
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT NEILLDirector-$0--
ERNEST CALLISONVice President-$0--
LINDA JORGENSONTreasurer-$0--
DR RC MCKEONDirector-$0--
CHARLES STONERDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Welch Area Development Authority
EIN
73-1375721
Address
PO BOX 88, WELCH, OK 74369

Signing Officer

Name
Ernest Callison
Title
Vice President
Phone
9189615011
Signed
2023-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Patricia L Edmondson CPA
Address
227 W Maple St, Columbus, KS 66725
Preparer
Patricia L Edmondson
Phone
6204292011
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountrental income 5,400”

List of grants and similar amounts paid Part I line 10

“Grantee town of welch ok street box 277 city, state, zip welch, ok 74369”

Description of other expenses Part I line 16

“Description amountinsurance 2,099safe deposit box 15utilities 650advertising 304interest 391”

Other changes in net assets or fund balances Part I line 20

“Description amountrefunded electric error 91”

Description of total liabilities Part II line 26

“Category beginning of year end of yearwsb loan 7,650 7,650”

Raw XML Appendix157 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0LINDA JORGENSON
IRS990EZ/BooksInCareOfDetail/PhoneNum09189610718
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0445373 E 30 RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WELCH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd074369
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt07009
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09044
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01944
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0219644
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0221679
IRS990EZ/GrossReceiptsAmt05403
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt03
IRS990EZ/LandAndBuildingsGrp/BOYAmt0212635
IRS990EZ/LandAndBuildingsGrp/EOYAmt0212635
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0211994
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0214029
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0211994
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0214029
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt14.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt24.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBERT NEILL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ERNEST CALLISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LINDA JORGENSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DR RC MCKEON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CHARLES STONER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt091
IRS990EZ/OtherExpensesTotalAmt03459
IRS990EZ/OtherRevenueTotalAmt05400
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0IMPROVE QUALITY OF LIFE IN WELCH AREA
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FUNDS TOWARD NEW DOWNTOWN BUSINESS PROJECT
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03459
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt07650
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt07650
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt03459
IRS990EZ/TotalProgramServiceExpensesAmt03459
IRS990EZ/TotalRevenueAmt05403
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt064360
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04487
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt092947
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01494
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01918
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01570
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05026
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65640
IRS990ScheduleA/PublicSupportPY170Pct00.66050
IRS990ScheduleA/PublicSupportTotal170Amt064306
IRS990ScheduleA/SubstantialContributorsTotAmt028641
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt064360
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04487
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt092947
IRS990ScheduleA/TotalSupportAmt097973
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTRENTAL INCOME 5,400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRANTEE TOWN OF WELCH OK STREET BOX 277 CITY, STATE, ZIP WELCH, OK 74369
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTINSURANCE 2,099SAFE DEPOSIT BOX 15UTILITIES 650ADVERTISING 304INTEREST 391
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION AMOUNTREFUNDED ELECTRIC ERROR 91
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CATEGORY BEGINNING OF YEAR END OF YEARWSB LOAN 7,650 7,650
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERNEST CALLISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09189615011
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WELCH AREA DEVELOPMENT AUTHORITY
ReturnHeader/Filer/BusinessNameControlTxt0WELC
ReturnHeader/Filer/EIN0731375721
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 88
ReturnHeader/Filer/USAddress/CityNm0WELCH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074369
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0481086995
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Patricia L Edmondson CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0227 W Maple St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Columbus
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd066725
ReturnHeader/PreparerPersonGrp/PhoneNum06204292011
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patricia L Edmondson
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-05-13T12:26:21-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERNEST
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CALLISON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$221,679
Liabilities
$7,650
Net assets
$214,029
Revenue
$5,403
Expenses
$3,459
Net income
$1,944
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.00$2.45$0.26$0.06$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.00$2.25$0.22$0.11$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.08$2.14$0.05$0.03$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$0.08$2.12$0.64$0.38$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.00$1.85$0.22$0.03$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.00$1.66$0.23$0.02$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.00$1.46$0.05$0.01$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.00$1.42$0.09$0.03$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.00$1.36$0.03$0.02$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.00$1.34$0.03$0.01$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.03$0.01$0.02
2013Summary only. Only limited summary data is available for this year.$1.30$0.00$0.47$0.05$0.42
2012Summary only. Only limited summary data is available for this year.$0.89$0.00$0.06$0.07$0.01
2011Summary only. Only limited summary data is available for this year.$0.89$0.00$0.08$0.03$0.05
2010Summary only. Only limited summary data is available for this year.$0.84$0.00$0.06$0.18$0.13
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits