Civic Intelligence

Mcminnville Economic Development

990 • Fiscal year 2020 • EIN 82-3460861

Oct 01, 2019 to Sep 30, 2020 • Filed on Mar 16, 2021

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

60th percentile

0.03x

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.02x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

32nd percentile

-8.1%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$73,474

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 30.3% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

27th percentile

-10%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-25%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$158,398

Down $18,274 (-10%) from 2019

Net Assets

Down

$154,308

Down $17,388 (-10%) from 2019

Liabilities

Down

$4,090

Down $886 (-18%) from 2019

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin32nd percentile

Revenue

Down

$242,480

Down $82,627 (-25%) from 2019

Expenses

Down

$262,235

Down $50,546 (-16%) from 2019

Net Income

Down

-$19,755

Down $32,081 (-260%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2020

Assets$158,398
Liabilities$4,090
Net Assets$154,308
Open 2020 Filing

Operations Trend

Revenue Growth43rd 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

2020

Revenue$242,480
Expenses$262,235
Net Income-$19,755
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Mar 16, 2021
Return Version
2019v5.0
Gross Receipts
$242,480
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$137,947$120,397▼ $17,550
Savings and Temporary Cash Investments$31,001$33,368▲ $2,367
Accounts Receivable$2,200$2,500▲ $300
Prepaid Expenses and Deferred Charges$4,153$1,676▼ $2,477
Land, Buildings, and Equipment, Net$1,371$457▼ $914
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$176,672$158,398▼ $18,274
Other Assets Total-$0-
Liabilities
Other Liabilities$2,591$3,020▲ $429
Deferred Revenue$2,385--
Accounts Payable and Accrued Expenses-$1,070-
Total Liabilities$4,976$4,090▼ $886
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$147,902$154,308▲ $6,406
Net Assets With Donor Restrictions$23,794--
Total Net Assets Fund Balance$171,696$154,308▼ $17,388
Total Liabilities and Net Assets / Fund Balance$176,672$158,398▼ $18,274

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$457$3,348$3,805
Other Land Buildings-$2,250$2,250
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Scott CooperExecutive DirectorFT$73,474$73,474

Board Members and Trustees

NameTitle
John DietzPresident
Kelly McdonaldDirector
Mike MorrisDirector
Heather RichardsSecretary
Teresa SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$241,174
Investment Income
$106
Other Revenue
$1,200
Change in Net Assets
$-19,755
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$202,681
Other Expenses$59,554
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---$103,559
Other Salaries and Wages---$77,360
Payroll Taxes---$16,272
Occupancy---$12,600
Fees for Services Other---$10,000
Fees for Services Accounting---$8,528
Information Technology---$7,314
Other Employee Benefits---$5,036
Conferences and Meetings---$2,007
Advertising---$1,573
Office Expenses---$1,540
Insurance---$1,220
Depreciation Depletion---$914
All Other Expenses---$617
Pension Plan Contributions---$454
Other Expenses---$395
Travel---$152
Interest---$42
Total Functional Expenses$0$0$0$262,235
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
Accured Expenses$3,187
Payroll Liabilities$-167
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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 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
2021-03-16
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
6
Volunteers
5

Preparer

Firm
Bernards CPA
Address
441 NW Hill Road, 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 was gathered from local business job descriptions to best match the interests of individual students with each company. Continuation of the program depends on revenue replacement of the grant that funded the program initially.”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Unrealized Gain on Investments = $2367”

Raw XML Appendix358 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/ProgSrvcAccomActy3Grp/Desc0One-stop information, referral and assistance center for new and existing businesses. This activity includes fielding phone calls regarding a variety of information requests from area businesses, prospective businesses, other economic development organizations and the City of McMinnville. Information is sent to requestors as appropriate and appointments with business executives are conducted via telephone and in person with occasional travel outside the area to meet prospective leaders interested in moving to the area.
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accured Expenses
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0457
IRS990ScheduleD/TotalLiabilityAmt03020
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 was gathered from local business job descriptions to best match the interests of individual students with each company. Continuation of the program depends on revenue replacement of the grant that funded the program initially.
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/ExplanationTxt3Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Unrealized Gain on Investments = $2367
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 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0176672
IRS990/TotalAssetsEOYAmt0158398
IRS990/TotalAssetsGrp/BOYAmt0176672
IRS990/TotalAssetsGrp/EOYAmt0158398
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0262235
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04976
IRS990/TotalLiabilitiesEOYAmt04090
IRS990/TotalLiabilitiesGrp/BOYAmt04976
IRS990/TotalLiabilitiesGrp/EOYAmt04090
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0171696
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0154308
IRS990/TotalProgramServiceRevenueAmt0241174
IRS990/TotalReportableCompFromOrgAmt073474
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0242480
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242480
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0176672
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0158398
IRS990/TravelGrp/TotalAmt0152
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT COOPER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-16
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 CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0441 NW Hill Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0McMinnville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097128
ReturnHeader/PreparerPersonGrp/PhoneNum05034722179
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN L BERNARDS 2944
ReturnHeader/ReturnTs02021-03-16T14:50:15-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,398
Liabilities
$4,090
Net assets
$154,308
Revenue
$242,480
Expenses
$262,235
Net income
-$19,755
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
2020Detailed filing. Detailed filing data is available for this year.$1.58$0.04$1.54$2.42$2.62$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$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