Civic Intelligence

Okeechobee County Economic Development Corporation

990 • Fiscal year 2020 • EIN 83-1383460

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 12, 2020

Organization ProfileOCEDCORP.COM
PO Box 2505Okeechobee, FL 34973

(863) 357-2314

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

42nd percentile

0.04x

Higher debt load relative to revenue than 42% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

97th percentile

57%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

95th percentile

83%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

-3.9%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$504,858

Up $229,299 (+83%) from 2019

Net Assets

Up

$488,713

Up $213,154 (+77%) from 2019

Liabilities

Up

$16,145

Up $16,145 from 2019

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin97th percentile

Revenue

Down

$373,005

Down $15,013 (-3.9%) from 2019

Expenses

Up

$159,851

Up $47,392 (+42%) from 2019

Net Income

Down

$213,154

Down $62,405 (-23%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$1.0M$500K$0Assets 2019: $275,559Liabilities 2019: $0Net Assets 2019: $275,5592019Assets 2020: $504,858Liabilities 2020: $16,145Net Assets 2020: $488,7132020Assets 2021: $741,492Liabilities 2021: $0Net Assets 2021: $741,4922021Assets 2022: $739,958Liabilities 2022: $0Net Assets 2022: $739,9582022Assets 2023: $664,266Liabilities 2023: $100Net Assets 2023: $664,1662023Assets 2024: $790,084Liabilities 2024: $20,000Net Assets 2024: $770,0842024Assets 2025: $928,078Liabilities 2025: $10,000Net Assets 2025: $918,0782025

Highlighted filing

2020

Assets$504,858
Liabilities$16,145
Net Assets$488,713
Open 2020 Filing

Operations Trend

Revenue Growth61st percentile

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

$400K$200K$0-$200KRevenue 2019: $388,018Expenses 2019: $112,459Net Income 2019: $275,5592019Revenue 2020: $373,005Expenses 2020: $159,851Net Income 2020: $213,1542020Revenue 2021: $374,083Expenses 2021: $121,304Net Income 2021: $252,7792021Revenue 2022: $93,208Expenses 2022: $94,742Net Income 2022: -$1,5342022Revenue 2023: $135,742Expenses 2023: $211,534Net Income 2023: -$75,7922023Revenue 2024: $284,904Expenses 2024: $158,587Net Income 2024: $126,3172024Revenue 2025: $347,069Expenses 2025: $199,075Net Income 2025: $147,9942025

Highlighted filing

2020

Revenue$373,005
Expenses$159,851
Net Income$213,154
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 12, 2020
Return Version
2019v5.0
Gross Receipts
$373,005
Mission and Program Overview

Mission

To enhance and cause quality economic growth of the okeechobee county economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$275,559$254,858▼ $20,701
Savings and Temporary Cash Investments-$250,000-
Total Assets$275,559$504,858▲ $229,299
Liabilities
Other Liabilities-$16,145-
Total Liabilities$0$16,145▲ $16,145
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$275,559$488,713▲ $213,154
Total Net Assets Fund Balance$275,559$488,713▲ $213,154
Total Liabilities and Net Assets / Fund Balance$275,559$504,858▲ $229,299
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Jeremiah CulbrethChairman
Frank IrbyVice Chairma
Bert CulbrethDirector
Dylan TeddersDirector
Fred FanizziDirector
Heather RucksDirector
Keith WalpoleDirector
Marcos Montes De OcaDirector
Pam WelmonDirector
Russ BrownDirector
Tabitha TrentDirector
Teresa LaraDirector
Terry BurroughsDirector
Ashley TrippSecretary
John WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$373,005
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$70,000
Change in Net Assets
$213,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$126,420
Other Expenses$33,431
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,680--$110,680
Fees for Services Other$20,570--$20,570
Payroll Taxes$8,467--$8,467
Other Employee Benefits$7,273--$7,273
Advertising-$2,053-$2,053
Insurance-$1,582-$1,582
Other Expenses$245--$245
All Other Expenses$179$61-$240
Office Expenses-$179-$179
Total Functional Expenses$155,976$3,875$0$159,851
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
N/p Cares Act - Ppp$16,145
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board reviews form 990 prior to authorizing electronic filing of the return.”

Form 990, Page 6, Part VI, Line 12C

“The board has a written document that is signed by each board member regarding conflicts of interest.”

Form 990, Page 6, Part VI, Line 15A

“The executive board will do annual performance reviews which will be signed by the employee and chairman and then placed in the employee file.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Okeechobee County Economic
EIN
83-1383460
Phone
8633572314
Address
PO BOX 2505, OKEECHOBEE, FL 34973

Signing Officer

Name
John Williams
Title
Treasurer
Phone
8633572314
Signed
2020-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Williams
Formed
2018
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
15

Preparer

Firm
WICKS BROWN WILLIAMS & CO CPA'S LLP
Address
504 N W 5TH AVENUE, OKEECHOBEE, FL 34972
Preparer
Cheryl M Williams
Phone
8637632354
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“20,570 0 0”

Raw XML Appendix352 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/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS FORM 990 PRIOR TO AUTHORIZING ELECTRONIC FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD HAS A WRITTEN DOCUMENT THAT IS SIGNED BY EACH BOARD MEMBER REGARDING CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE BOARD WILL DO ANNUAL PERFORMANCE REVIEWS WHICH WILL BE SIGNED BY THE EMPLOYEE AND CHAIRMAN AND THEN PLACED IN THE EMPLOYEE FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt420,570 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0275559
IRS990/TotalAssetsEOYAmt0504858
IRS990/TotalAssetsGrp/BOYAmt0275559
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IRS990/TotalContributionsAmt0373005
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03875
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0155976
IRS990/TotalFunctionalExpensesGrp/TotalAmt0159851
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt016145
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt016145
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0275559
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0488713
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0373005
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0275559
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0504858
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02100 SOUTH PARROTT AVE
IRS990/USAddress/CityNm0OKEECHOBEE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034974
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IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0OCEDCORP.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08633572314
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OKEECHOBEE COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0OKEE
ReturnHeader/Filer/EIN0831383460
ReturnHeader/Filer/PhoneNum08633572314
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2505
ReturnHeader/Filer/USAddress/CityNm0OKEECHOBEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034973
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591863867
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WICKS BROWN WILLIAMS & CO CPA'S LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0504 N W 5TH AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKEECHOBEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034972
ReturnHeader/PreparerPersonGrp/PhoneNum08637632354
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHERYL M WILLIAMS
ReturnHeader/ReturnTs02021-02-12T12:25:10-06:00
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
$504,858
Liabilities
$16,145
Net assets
$488,713
Revenue
$373,005
Expenses
$159,851
Net income
$213,154
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.28$0.10$9.18$3.47$1.99$1.48
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.90$0.20$7.70$2.85$1.59$1.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.64$0.00$6.64$1.36$2.12$0.76
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.40$0.00$7.40$0.93$0.95$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.41$0.00$7.41$3.74$1.21$2.53
2020Detailed filing. Detailed filing data is available for this year.$5.05$0.16$4.89$3.73$1.60$2.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.00$2.76$3.88$1.12$2.76