Civic Intelligence

Mcminnville Economic Development

990 • Fiscal year 2019 • EIN 82-3460861

Oct 01, 2018 to Sep 30, 2019 • Filed on Apr 29, 2020

Organization Profilewww.mcminnvillebusiness.com
231 NE 5th StreetMcminnville, OR 97128

(503) 474-6814

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.03x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.02x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

53rd percentile

3.8%

Higher net margin than 53% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

7th percentile

-45%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-17%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$176,672

Down $142,218 (-45%) from 2018

Net Assets

Up

$171,696

Up $14,273 (+9.1%) from 2018

Liabilities

Down

$4,976

Down $156,491 (-97%) from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin53rd percentile

Revenue

Down

$325,107

Down $65,988 (-17%) from 2018

Expenses

Up

$312,781

Up $77,990 (+33%) from 2018

Net Income

Down

$12,326

Down $143,978 (-92%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$400K$300K$200K$100K$0Assets 2018: $318,890Liabilities 2018: $161,467Net Assets 2018: $157,4232018Assets 2019: $176,672Liabilities 2019: $4,976Net Assets 2019: $171,6962019Assets 2020: $158,398Liabilities 2020: $4,090Net Assets 2020: $154,3082020Assets 2021: $241,814Liabilities 2021: $5,019Net Assets 2021: $236,7952021Assets 2022: $283,241Liabilities 2022: $1,459Net Assets 2022: $281,7822022Assets 2023: $257,081Liabilities 2023: $13,692Net Assets 2023: $243,3892023Assets 2024: $283,200Liabilities 2024: $14,478Net Assets 2024: $268,7222024

Highlighted filing

2019

Assets$176,672
Liabilities$4,976
Net Assets$171,696
Open 2019 Filing

Operations Trend

Revenue Growth20th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $391,095Expenses 2018: $234,791Net Income 2018: $156,3042018Revenue 2019: $325,107Expenses 2019: $312,781Net Income 2019: $12,3262019Revenue 2020: $242,480Expenses 2020: $262,235Net Income 2020: -$19,7552020Revenue 2021: $317,797Expenses 2021: $238,536Net Income 2021: $79,2612021Revenue 2022: $295,455Expenses 2022: $244,623Net Income 2022: $50,8322022Revenue 2023: $660,634Expenses 2023: $704,493Net Income 2023: -$43,8592023Revenue 2024: $513,489Expenses 2024: $507,000Net Income 2024: $6,4892024

Highlighted filing

2019

Revenue$325,107
Expenses$312,781
Net Income$12,326
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Apr 29, 2020
Return Version
2018v3.1
Gross Receipts
$325,107
Mission and Program Overview

Mission

MEDP promotes a common business interest: To improve business conditions in McMinnville and the surrounding area. MEDP is a one-stop information, referral and assistance center for new and existing businesses.

To advance strategies that respond to the needs of McMinnville's traded-sector businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$283,907$137,947▼ $145,960
Savings and Temporary Cash Investments$29,054$31,001▲ $1,947
Prepaid Expenses and Deferred Charges$779$4,153▲ $3,374
Accounts Receivable$5,150$2,200▼ $2,950
Land, Buildings, and Equipment, Net-$1,371-
Other Notes and Loans Receivable, Net-$0-
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-
Total Assets$318,890$176,672▼ $142,218
Other Assets Total-$0-
Liabilities
Other Liabilities$4,081$2,591▼ $1,490
Deferred Revenue$156,400$2,385▼ $154,015
Accounts Payable and Accrued Expenses$986--
Total Liabilities$161,467$4,976▼ $156,491
Net Assets / Fund Balance
Unrestricted Net Assets$157,423$147,902▼ $9,521
Temporarily Rstr Net Assets-$23,794-
Total Net Assets Fund Balance$157,423$171,696▲ $14,273
Total Liabilities and Net Assets / Fund Balance$318,890$176,672▼ $142,218

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,371$2,434$3,805
Other Land Buildings-$2,250$2,250
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Kelly McdonaldChairman
Chris MclaranDirector
Heather RichardsDirector
Scott CooperExecutive Director
John DietzSecretary
Carol GrangerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$320,525
Investment Income
$182
Other Revenue
$4,400
Change in Net Assets
$12,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$187,194
Other Expenses$125,587
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$85,854
Current Officers, Directors, Trustees, and Key Employees---$76,841
Fees for Services Other---$65,842
Payroll Taxes---$15,137
Occupancy---$12,600
Office Expenses---$7,778
Fees for Services Accounting---$7,591
Other Employee Benefits---$6,029
Information Technology---$3,456
Pension Plan Contributions---$3,333
Advertising---$3,297
Other Expenses---$2,438
All Other Expenses---$2,315
Travel---$1,804
Insurance---$1,654
Conferences and Meetings---$1,504
Depreciation Depletion---$685
Interest---$129
Total Functional Expenses$0$0$0$312,781
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
Credit cards$1,336
Payroll Liabilities$1,255
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is reviewed and approved by the Board before filing.”

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

“The Board of Directors reviews and evaluates the Executive Director's salary annually.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“Conflict of Interest, Whistleblower and Document Retention & Destruction Policies are on the board agenda for 2019.”

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

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Mcminnville Economic Development
EIN
82-3460861
Phone
5034746814
Address
231 NE 5TH STREET, MCMINNVILLE, OR 97128

Signing Officer

Name
Scott Cooper
Title
Chairman
Signed
2020-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Cooper
Formed
2017
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bernards & Associates CPAs PC
Address
441 NW Hill Road PO BOX 1038, McMinnville, OR 97128
Preparer
Kathleen L Bernards 2944
Phone
5034722179
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“OTHER PROGRAM SERVICES 4: Internship Program: Program matches interested local college area students with local businesses for the duration of the program, and students perform actual work with employee supervision. The program receives approximately 130 applications and places approximately 20 students with businesses. This internship program has won a local and a statewide award for its excellence. OTHER PROGRAM SERVICES 5: Oregon Works: The program is a workforce development internship initiative aimed at collegiate students and graduating high school seniors. Relationships were built with local business and industry to better develop a workforce pipeline to introduce targeted students with targeted job opportunities. Information gathered from local business job descriptions and area students interests to best match the individual and company.”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Unrealized Gain on Investments = $1947”

Raw XML Appendix375 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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IRS990/Desc0Developing and maintaining relationships with regional and statewide economic development organizations and resource partners. Vital information is gathered about what is going on in other parts of the state, and what resources - regional and statewide - are available for McMinnville area businesses to access. Having this information directly helps area businesses in their planning for retention and expansion activities.
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt029054
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031001
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01371
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02434
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03805
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02250
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01336
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit cards
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01371
IRS990ScheduleD/TotalLiabilityAmt02591
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Internship Program: Program matches interested local college area students with local businesses for the duration of the program, and students perform actual work with employee supervision. The program receives approximately 130 applications and places approximately 20 students with businesses. This internship program has won a local and a statewide award for its excellence. OTHER PROGRAM SERVICES 5: Oregon Works: The program is a workforce development internship initiative aimed at collegiate students and graduating high school seniors. Relationships were built with local business and industry to better develop a workforce pipeline to introduce targeted students with targeted job opportunities. Information gathered from local business job descriptions and area students interests to best match the individual and company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed and approved by the Board before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors reviews and evaluates the Executive Director's salary annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conflict of Interest, Whistleblower and Document Retention & Destruction Policies are on the board agenda for 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Unrealized Gain on Investments = $1947
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt023794
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0318890
IRS990/TotalAssetsEOYAmt0176672
IRS990/TotalAssetsGrp/BOYAmt0318890
IRS990/TotalAssetsGrp/EOYAmt0176672
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0312781
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0161467
IRS990/TotalLiabilitiesEOYAmt04976
IRS990/TotalLiabilitiesGrp/BOYAmt0161467
IRS990/TotalLiabilitiesGrp/EOYAmt04976
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0157423
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0171696
IRS990/TotalProgramServiceRevenueAmt0320525
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0325107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0325107
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0318890
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0176672
IRS990/TravelGrp/TotalAmt01804
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0157423
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0147902
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0231 NE 5TH STREET
IRS990/USAddress/CityNm0MCMINNVILLE
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097128
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.mcminnvillebusiness.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT COOPER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCMINNVILLE ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PARTNERSHIP
ReturnHeader/Filer/BusinessNameControlTxt0MCMI
ReturnHeader/Filer/EIN0823460861
ReturnHeader/Filer/PhoneNum05034746814
ReturnHeader/Filer/USAddress/AddressLine1Txt0231 NE 5TH STREET
ReturnHeader/Filer/USAddress/CityNm0MCMINNVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097128
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464152764
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bernards & Associates CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0441 NW Hill Road PO BOX 1038
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0McMinnville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097128
ReturnHeader/PreparerPersonGrp/PhoneNum05034722179
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN L BERNARDS 2944
ReturnHeader/ReturnTs02020-04-29T14:57:43-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$176,672
Liabilities
$4,976
Net assets
$171,696
Revenue
$325,107
Expenses
$312,781
Net income
$12,326
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.14$2.69$5.13$5.07$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.14$2.43$6.61$7.04$0.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.01$2.82$2.95$2.45$0.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$0.05$2.37$3.18$2.39$0.79
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.04$1.54$2.42$2.62$0.20
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.05$1.72$3.25$3.13$0.12
2018Summary only. Only limited summary data is available for this year.$3.19$1.61$1.57$3.91$2.35$1.56
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)6 • <$500k nonprofits