Civic Intelligence

Killeen Economic Development

990 • Fiscal year 2013 • EIN 74-2594957

Oct 01, 2012 to Sep 30, 2013 • Filed on Feb 13, 2014

Organization ProfileN/A
One Santa Fe Plaza76541
Siviq Scores

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

Liabilities / Assets

17th percentile

0.09x

Higher debt load relative to assets than 17% of similar nonprofits.

2013 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

28th percentile

1.3%

Faster asset growth than 28% of similar nonprofits.

2013 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$10,719,799

Up $132,350 (+1.3%) from 2012

Net Assets

Up

$9,788,170

Up $88,773 (+0.9%) from 2012

Liabilities

Up

$931,629

Up $43,577 (+4.9%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,352,290

Up $95,525 (+7.6%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$15M$10M$5.0M$0Assets 2010: $10,448,265Liabilities 2010: $857,043Net Assets 2010: $9,591,2222010Assets 2011: $10,317,120Liabilities 2011: $846,513Net Assets 2011: $9,470,6072011Assets 2012: $10,587,449Liabilities 2012: $888,052Net Assets 2012: $9,699,3972012Assets 2013: $10,719,799Liabilities 2013: $931,629Net Assets 2013: $9,788,1702013Assets 2014: $10,986,749Liabilities 2014: $979,344Net Assets 2014: $10,007,4052014Assets 2015: $10,483,492Liabilities 2015: $1,025,303Net Assets 2015: $9,458,1892015Assets 2016: $10,742,404Liabilities 2016: $999,122Net Assets 2016: $9,743,2822016Assets 2017: $10,775,502Liabilities 2017: $1,048,564Net Assets 2017: $9,726,9382017Assets 2018: $10,728,638Liabilities 2018: $1,099,582Net Assets 2018: $9,629,0562018Assets 2019: $10,430,175Liabilities 2019: $1,290,619Net Assets 2019: $9,139,5562019Assets 2020: $10,270,015Liabilities 2020: $1,223,627Net Assets 2020: $9,046,3882020Assets 2021: $9,819,595Liabilities 2021: $1,301,765Net Assets 2021: $8,517,8302021Assets 2022: $9,505,741Liabilities 2022: $1,010,584Net Assets 2022: $8,495,1572022Assets 2023: $9,564,725Liabilities 2023: $205,532Net Assets 2023: $9,359,1932023Assets 2024: $13,387,201Liabilities 2024: $3,821,291Net Assets 2024: $9,565,9102024Assets 2025: $12,268,156Liabilities 2025: $2,694,301Net Assets 2025: $9,573,8552025

Highlighted filing

2013

Assets$10,719,799
Liabilities$931,629
Net Assets$9,788,170
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,079,4482010Expenses 2011: $1,589,1382011Expenses 2012: $1,256,7652012Expenses 2013: $1,352,2902013Revenue 2014: $1,507,864Expenses 2014: $1,288,629Net Income 2014: $219,2352014Revenue 2015: $1,220,887Expenses 2015: $1,770,103Net Income 2015: -$549,2162015Revenue 2016: $1,711,478Expenses 2016: $1,426,385Net Income 2016: $285,0932016Revenue 2017: $1,130,157Expenses 2017: $1,146,501Net Income 2017: -$16,3442017Revenue 2018: $1,226,636Expenses 2018: $1,171,116Net Income 2018: $55,5202018Revenue 2019: $1,118,558Expenses 2019: $1,608,058Net Income 2019: -$489,5002019Revenue 2020: $1,055,205Expenses 2020: $1,148,373Net Income 2020: -$93,1682020Revenue 2021: $2,118,011Expenses 2021: $2,646,569Net Income 2021: -$528,5582021Revenue 2022: $1,343,814Expenses 2022: $1,366,487Net Income 2022: -$22,6732022Revenue 2023: $2,552,550Expenses 2023: $1,688,514Net Income 2023: $864,0362023Revenue 2024: $1,739,263Expenses 2024: $1,479,458Net Income 2024: $259,8052024Revenue 2025: $1,539,026Expenses 2025: $1,531,081Net Income 2025: $7,9452025

Highlighted filing

2013

Revenue-
Expenses$1,352,290
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2012 to Sep 30, 2013
Signed
Feb 13, 2014
Return Version
2012v2.1
Gross Receipts
$1,441,063
Mission and Program Overview

Mission

To promote economic development in the community by expandng existing businesses and attracting new businesses.

Filing and Contact Details

Filer

EIN
74-2594957
Raw XML Appendix385 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.

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IRS990ScheduleO/GeneralExplanation/Explanation0NINE MEMBERS ARE APPOINTED BY THE CITY COUNCIL OF CITY OF KILLEEN. THERE ARE NINE MEMBERS THAT ARE NOMINATED AND REPRESENTING THE FOLLOWING ORGANIZATIONS: 3 FROM CITY OF KILLEEN MAYOR AND CITY COUNCIL, THREE FROM THE GREATER KILLEEN CHAMBER OF COMMERCE, AND THREE FROM THE KILLEEN INDUSTRIAL FOUNDATION.
IRS990ScheduleO/GeneralExplanation/Explanation1AS PROVIDED IN THE AGREEMENT BETWEEN KEDC AND THE CITY OF KILLEEN, KEDC HAS THE AUTHORITY TO COMMIT AND SPEND FUNDS RECEIVED FROM THE CITY WITHOUT CITY COUNCIL APPROVAL FOR ACTIVITIES SPECIFICALLY IDENTIFIED IN THE AGREEMENT. HOWEVER, ANY ACTS OR ACTIVITIES NOT IDENTIFIED, BUT IN ACCORDANCE WITH KEDC BYLAWS, MUST BE APPROVED BY THE CITY COUNCIL PRIOR TO ANY COMMITMENT OR EXPENDITURE.
IRS990ScheduleO/GeneralExplanation/Explanation2FORM 990 IS REVIEWED BY GREATER KILLEEN CHAMBER OF COMMERCE'S BUSINESS MANAGER AND EXECUTIVE VP PRIOR TO FILING. FORM 990 IS PREPARED FROM THE BOARD APPROVED FINANCIAL STATEMENTS.
IRS990ScheduleO/GeneralExplanation/Explanation3INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTERESTS. THESE POTENTIAL CONFLICT OF INTEREST RELATIONSHIPS ARE REVIEWED BY THE BOARD AND ADDRESSED ON AN INDIVIDUAL BASIS.
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ReturnHeader/Filer/NameControl0KILL
ReturnHeader/Filer/Phone02545269551
ReturnHeader/Filer/USAddress/AddressLine10ONE SANTA FE PLAZA
ReturnHeader/Filer/USAddress/City0KILLEEN
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode076541
ReturnHeader/Officer/DateSigned02014-02-13
ReturnHeader/Officer/Name0JOHN CRUTCHFIELD III
ReturnHeader/Officer/Phone02545269551
ReturnHeader/Officer/Title0SECRETARY
ReturnHeader/PreparerFirm/EIN0742484378
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10LOTT VERNON & CO PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10109 E AVE B P O BOX 935
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0KILLEEN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0TX
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode076540
ReturnHeader/Preparer/Name0JAMES MOBLEY
ReturnHeader/Preparer/Phone02545260571
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-10-01
ReturnHeader/TaxPeriodEndDate02013-09-30
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02014-02-14T10:26:14-06:00

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,719,799
Liabilities
$931,629
Net assets
$9,788,170
Revenue
-
Expenses
$1,352,290
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.3$2.69$9.57$1.54$1.53$0.01
2024Detailed filing. Detailed filing data is available for this year.$13.4$3.82$9.57$1.74$1.48$0.26
2023Detailed filing. Detailed filing data is available for this year.$9.56$0.21$9.36$2.55$1.69$0.86
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.51$1.01$8.50$1.34$1.37$0.02
2021Detailed filing. Detailed filing data is available for this year.$9.82$1.30$8.52$2.12$2.65$0.53
2020Detailed filing. Detailed filing data is available for this year.$10.3$1.22$9.05$1.06$1.15$0.09
2019Detailed filing. Detailed filing data is available for this year.$10.4$1.29$9.14$1.12$1.61$0.49
2018Detailed filing. Detailed filing data is available for this year.$10.7$1.10$9.63$1.23$1.17$0.06
2017Detailed filing. Detailed filing data is available for this year.$10.8$1.05$9.73$1.13$1.15$0.02
2016Detailed filing. Detailed filing data is available for this year.$10.7$1.00$9.74$1.71$1.43$0.29
2015Detailed filing. Detailed filing data is available for this year.$10.5$1.03$9.46$1.22$1.77$0.55
2014Detailed filing. Detailed filing data is available for this year.$11.0$0.98$10.0$1.51$1.29$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.93$9.79$1.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.89$9.70$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.85$9.47$1.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.86$9.59$2.08