Civic Intelligence

Commerce Economic Development Corporation

990 • Fiscal year 2021 • EIN 75-2559659

Oct 01, 2020 to Sep 30, 2021 • Filed on Jun 14, 2022

Organization Profilecommercetxedc.com
1119 Alamo StreetCommerce, TX 75428

(903) 886-1121

Siviq Scores

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

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

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

Liabilities / Revenue

40th percentile

0.13x

Higher debt load relative to revenue than 40% of similar nonprofits.

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

Net Margin

98th percentile

68%

Higher net margin than 98% of similar nonprofits.

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

Top Officer Pay

30th percentile

$66,709

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

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

Asset Growth

61st percentile

16%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

46th percentile

7.1%

Faster revenue growth than 46% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$3,822,370

Up $533,633 (+16%) from 2020

Net Assets

Up

$3,737,281

Up $462,494 (+14%) from 2020

Liabilities

Up

$85,089

Up $71,139 (+510%) from 2020

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin98th percentile

Revenue

Up

$679,457

Up $45,013 (+7.1%) from 2020

Expenses

Down

$216,963

Down $189,305 (-47%) from 2020

Net Income

Up

$462,494

Up $234,318 (+103%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,088,715Liabilities 2011: $2,167Net Assets 2011: $2,086,5482011Assets 2012: $2,354,355Liabilities 2012: $37,570Net Assets 2012: $2,316,7852012Assets 2013: $2,639,728Liabilities 2013: $12,942Net Assets 2013: $2,626,7862013Assets 2014: $2,845,747Liabilities 2014: $15,512Net Assets 2014: $2,830,2352014Assets 2015: $2,844,484Liabilities 2015: $2,127Net Assets 2015: $2,842,3572015Assets 2016: $2,495,929Liabilities 2016: $3,503Net Assets 2016: $2,492,4262016Assets 2017: $1,993,228Liabilities 2017: $8,940Net Assets 2017: $1,984,2882017Assets 2018: $2,431,788Liabilities 2018: $7,517Net Assets 2018: $2,424,2712018Assets 2019: $3,055,839Liabilities 2019: $9,228Net Assets 2019: $3,046,6112019Assets 2020: $3,288,737Liabilities 2020: $13,950Net Assets 2020: $3,274,7872020Assets 2021: $3,822,370Liabilities 2021: $85,089Net Assets 2021: $3,737,2812021Assets 2022: $4,598,754Liabilities 2022: $97,193Net Assets 2022: $4,501,5612022Assets 2023: $5,440,387Liabilities 2023: $91,394Net Assets 2023: $5,348,9932023Assets 2024: $5,924,075Liabilities 2024: $43,795Net Assets 2024: $5,880,2802024

Highlighted filing

2021

Assets$3,822,370
Liabilities$85,089
Net Assets$3,737,281
Open 2021 Filing

Operations Trend

Revenue Growth46th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $403,434Expenses 2011: $113,700Net Income 2011: $289,7342011Revenue 2012: $434,391Expenses 2012: $204,154Net Income 2012: $230,2372012Revenue 2013: $516,814Expenses 2013: $206,813Net Income 2013: $310,0012013Revenue 2014: $437,077Expenses 2014: $233,628Net Income 2014: $203,4492014Revenue 2015: $487,057Expenses 2015: $474,935Net Income 2015: $12,1222015Revenue 2016: $530,238Expenses 2016: $880,169Net Income 2016: -$349,9312016Revenue 2017: $552,370Expenses 2017: $1,060,508Net Income 2017: -$508,1382017Revenue 2018: $613,903Expenses 2018: $173,920Net Income 2018: $439,9832018Revenue 2019: $803,887Expenses 2019: $181,547Net Income 2019: $622,3402019Revenue 2020: $634,444Expenses 2020: $406,268Net Income 2020: $228,1762020Revenue 2021: $679,457Expenses 2021: $216,963Net Income 2021: $462,4942021Revenue 2022: $1,057,586Expenses 2022: $293,306Net Income 2022: $764,2802022Revenue 2023: $1,039,544Expenses 2023: $192,112Net Income 2023: $847,4322023Revenue 2024: $1,000,387Expenses 2024: $469,100Net Income 2024: $531,2872024

Highlighted filing

2021

Revenue$679,457
Expenses$216,963
Net Income$462,494
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jun 14, 2022
Return Version
2020v4.0
Gross Receipts
$679,457
Mission and Program Overview

Mission

Promote and assist with economic development for the city of commerce, texas

Promote and assist with economic development for the city of commerce, texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,214,373$1,739,698▲ $525,325
Savings and Temporary Cash Investments$1,200,389$1,189,141▼ $11,248
Land, Buildings, and Equipment, Net$485,222$485,221▼ $1
Other Notes and Loans Receivable, Net$281,998$289,175▲ $7,177
Accounts Receivable$106,755$119,135▲ $12,380
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,288,737$3,822,370▲ $533,633
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$6,042$50,820▲ $44,778
Other Liabilities$7,908$34,269▲ $26,361
Total Liabilities$13,950$85,089▲ $71,139
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,274,787$3,737,281▲ $462,494
Total Net Assets Fund Balance$3,274,787$3,737,281▲ $462,494
Total Liabilities and Net Assets / Fund Balance$3,288,737$3,822,370▲ $533,633

Asset Categories

AssetBook ValueDepreciationBasis
Land$485,221-$485,221
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bonnie HunterExecutive DirectorFT$66,709$66,709

Board Members and Trustees

NameTitle
Scott WardPresident
CeCe Gassner JDVice President
Joe Shipmanmember
Mandy Freemanmember
Mark Rudin PHDMEmber
Stan MckeeMember
Michael GlasSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$647,058
Investment Income
$32,399
Other Revenue
$0
Change in Net Assets
$462,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$112,510
Other Expenses$104,453
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$66,709--$66,709
Other Salaries and Wages$26,503--$26,503
Fees for Services Management-$16,338-$16,338
Fees for Services Legal-$9,578-$9,578
Advertising$8,700--$8,700
Other Employee Benefits$7,203--$7,203
Pension Plan Contributions$6,634--$6,634
Payroll Taxes$5,461--$5,461
Travel$4,944--$4,944
Fees for Services Other-$4,595-$4,595
Other Expenses$3,435--$3,435
All Other Expenses$1,782$1,200-$2,982
Fees for Services Accounting-$2,071-$2,071
Office Expenses$1,457--$1,457
Information Technology$623--$623
Total Functional Expenses$183,181$33,782$0$216,963
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
Compensated Absences$33,103
Net Pension Obligation$1,166
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“A copy of the 990 is reviewed by the executive officer prior to filing.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Reviewed by governing body and compared to similar positions.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Commerce Economic Development
EIN
75-2559659
Phone
9038861121
Address
1119 ALAMO STREET, COMMERCE, TX 75428

Signing Officer

Name
Bonnie Hunter
Title
Executive Director
Signed
2022-06-14
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
ScottSingletonFincher & Co
Address
4815 King Street Suite A, Greenville, TX 75401
Preparer
Cynthia R Sunthimer
Phone
9034554765
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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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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1647008
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IRS990/PYInvestmentIncomeAmt042623
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0311863
IRS990/PYOtherRevenueAmt020984
IRS990/PYProgramServiceRevenueAmt0570837
IRS990/PYRevenuesLessExpensesAmt0228176
IRS990/PYSalariesCompEmpBnftPaidAmt094405
IRS990/PYTotalExpensesAmt0406268
IRS990/PYTotalRevenueAmt0634444
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0462494
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0647058
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01200389
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01189141
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0485221
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0485221
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION OBLIGATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0485221
IRS990ScheduleD/TotalLiabilityAmt034269
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS REVIEWED BY THE EXECUTIVE OFFICER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY GOVERNING BODY AND COMPARED TO SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03288737
IRS990/TotalAssetsEOYAmt03822370
IRS990/TotalAssetsGrp/BOYAmt03288737
IRS990/TotalAssetsGrp/EOYAmt03822370
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033782
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0183181
IRS990/TotalFunctionalExpensesGrp/TotalAmt0216963
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013950
IRS990/TotalLiabilitiesEOYAmt085089
IRS990/TotalLiabilitiesGrp/BOYAmt013950
IRS990/TotalLiabilitiesGrp/EOYAmt085089
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03274787
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03737281
IRS990/TotalProgramServiceExpensesAmt0183181
IRS990/TotalProgramServiceRevenueAmt0647058
IRS990/TotalReportableCompFromOrgAmt066709
IRS990/TotalRevenueGrp/ExclusionAmt032399
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0647058
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0679457
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03288737
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03822370
IRS990/TravelGrp/ProgramServicesAmt04944
IRS990/TravelGrp/TotalAmt04944
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01119 ALAMO STREET
IRS990/USAddress/CityNm0COMMERCE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075428
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0http://commercetxedc.com/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BONNIE HUNTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMERCE ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0752559659
ReturnHeader/Filer/PhoneNum09038861121
ReturnHeader/Filer/USAddress/AddressLine1Txt01119 ALAMO STREET
ReturnHeader/Filer/USAddress/CityNm0COMMERCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075428
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751830742
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ScottSingletonFincher & Co
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04815 King Street Suite A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greenville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075401
ReturnHeader/PreparerPersonGrp/PhoneNum09034554765
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cynthia R Sunthimer
ReturnHeader/ReturnTs02022-06-14T13:40:46-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BONNIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUNTER
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,822,370
Liabilities
$85,089
Net assets
$3,737,281
Revenue
$679,457
Expenses
$216,963
Net income
$462,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.92$0.04$5.88$1.00$0.47$0.53
2023Summary only. Only limited summary data is available for this year.$5.44$0.09$5.35$1.04$0.19$0.85
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$0.10$4.50$1.06$0.29$0.76
2021Detailed filing. Detailed filing data is available for this year.$3.82$0.09$3.74$0.68$0.22$0.46
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$0.01$3.27$0.63$0.41$0.23
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.01$3.05$0.80$0.18$0.62
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.01$2.42$0.61$0.17$0.44
2017Summary only. Only limited summary data is available for this year.$1.99$0.01$1.98$0.55$1.06$0.51
2016Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.49$0.53$0.88$0.35
2015Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$0.49$0.47$0.01
2014Summary only. Only limited summary data is available for this year.$2.85$0.02$2.83$0.44$0.23$0.20
2013Summary only. Only limited summary data is available for this year.$2.64$0.01$2.63$0.52$0.21$0.31
2012Summary only. Only limited summary data is available for this year.$2.35$0.04$2.32$0.43$0.20$0.23
2011Summary only. Only limited summary data is available for this year.$2.09$0.00$2.09$0.40$0.11$0.29