Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Lake Martin Innovation Center
EIN 81-4166886 • 501(c)3 • Alexander City, AL
Profile
To create a progressive facility to serve as a strategic foundation for entrepreneurs, existing business, and young talent to merge skills and cultivate an environment for innovation.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
72nd percentile
Higher debt load relative to revenue than 72% of similar nonprofits.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$157,794
No earlier filing loaded for comparison.
Liabilities
$1,509
No earlier filing loaded for comparison.
Net Assets
$156,285
No earlier filing loaded for comparison.
Revenue
$91,452
No earlier filing loaded for comparison.
Expenses
$79,430
No earlier filing loaded for comparison.
Net Income
$12,022
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $157,794
- Liabilities
- $1,509
- Net assets
- $156,285
- Revenue
- $91,452
- Expenses
- $79,430
- Net income
- $12,022
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Nov 14, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $91,452
Mission and Program Overview
Mission
To create a progressive facility to serve as a strategic foundation for entrepreneurs, existing business, and young talent to merge skills and cultivate an environment for innovation.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO CREATE A PROGRESSIVE FACILITY TO SERVE AS A STRATEGIC FOUNDATION FOR ENTREPRENEURS, EXISTING BUSINESS, AND YOUNG TALENT TO MERGE SKILLS AND CULTIVATE AN ENVIRONMENT FOR INNOVATION. | - | $79,430 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARK SPENCER | Chairman | - | $0 | - | - |
| DAVID STURDIVANT | First Vice-C | - | $0 | - | - |
| ED COLLARI | CEO | - | $0 | - | - |
| JACOB MEACHAM | Director | - | $0 | - | - |
| MATT BEAN | Director | - | $0 | - | - |
| JEFF KIRK | Director | - | $0 | - | - |
| DR DOUG FLOR | Director | - | $0 | - | - |
| LEE WILLIAMS | Director | - | $0 | - | - |
| DR SUSAN BURROW | Director | - | $0 | - | - |
| HENRY LAMBERTH | Director | - | $0 | - | - |
| KELLY ADAMS | Director | - | $0 | - | - |
| STEPHANIE SIMON | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lake Martin Innovation Center
- EIN
- 81-4166886
- Phone
- 2564146100
- Address
- PO BOX 926, ALEXANDER CITY, AL 35011-0926
Signing Officer
- Name
- Ed Collari
- Title
- CEO
- Phone
- 2562343461
- Signed
- 2019-11-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Hare & Dunlap CPA Group Pc
- Address
- PO BOX 1088, ALEXANDER CITY, AL 35011
- Preparer
- Jay L Hare
- Phone
- 2562346364
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses marketing 1,646 office supplies 4,105 telephone 2,646 internet expense 21,910 cable 1,384 non-investment depreciation 19,062 total 50,753”
Form 990-ez, Part II, Line 24
“Accounts receivable 980 1,895 89,007 93,323 less accumulated depreciation 11,169 30,231 total 78,818 64,987”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 278 1,509”
Form 990-ez, Part III
“To create a progressive facility to serve as a strategic foundation for entrepreneurs, existing business, and young talent to merge skills and cultivate an environment for innovation.”
Raw XML Appendix167 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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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JEFF KIRK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | DR DOUG FLOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | LEE WILLIAMS |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | HENRY LAMBERTH |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 11 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 64987 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 50753 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO CREATE A PROGRESSIVE FACILITY TO SERVE AS A STRATEGIC FOUNDATION FOR ENTREPRENEURS, EXISTING BUSINESS, AND YOUNG TALENT TO MERGE SKILLS AND CULTIVATE AN ENVIRONMENT FOR INNOVATION. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 65904 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO CREATE A PROGRESSIVE FACILITY TO SERVE AS A STRATEGIC FOUNDATION FOR ENTREPRENEURS, EXISTING BUSINESS, AND YOUNG TALENT TO MERGE SKILLS AND CULTIVATE AN ENVIRONMENT FOR INNOVATION. |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 278 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1509 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
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| IRS990EZ/TotalRevenueAmt | 0 | 91452 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
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| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES MARKETING 1,646 OFFICE SUPPLIES 4,105 TELEPHONE 2,646 INTERNET EXPENSE 21,910 CABLE 1,384 NON-INVESTMENT DEPRECIATION 19,062 TOTAL 50,753 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 980 1,895 89,007 93,323 LESS ACCUMULATED DEPRECIATION 11,169 30,231 TOTAL 78,818 64,987 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 278 1,509 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TO CREATE A PROGRESSIVE FACILITY TO SERVE AS A STRATEGIC FOUNDATION FOR ENTREPRENEURS, EXISTING BUSINESS, AND YOUNG TALENT TO MERGE SKILLS AND CULTIVATE AN ENVIRONMENT FOR INNOVATION. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2020-04-17 16:48:07Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-11-14 |
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| ReturnHeader/ReturnTs | 0 | 2019-11-15T15:26:44-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
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| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.