Civic Intelligence

Morgan County Economic Development Corporation

990 • Fiscal year 2021 • EIN 84-0565221

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 24, 2022

201 Ensign StFort Morgan, CO 80701

(970) 542-3527

Siviq Scores

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

Liabilities / Assets

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.03x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

69th percentile

20%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

9.2%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$331,878

Up $55,909 (+20%) from 2020

Net Assets

Up

$327,308

Up $54,755 (+20%) from 2020

Liabilities

Up

$4,570

Up $1,154 (+34%) from 2020

Revenue

Up

$172,121

Up $14,503 (+9.2%) from 2020

Expenses

Up

$117,366

Up $30,734 (+35%) from 2020

Net Income

Down

$54,755

Down $16,231 (-23%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $122,434Liabilities 2010: $2,974Net Assets 2010: $119,4602010Assets 2011: $103,910Liabilities 2011: $1,748Net Assets 2011: $102,1622011Assets 2012: $123,836Liabilities 2012: $1,096Net Assets 2012: $122,7402012Assets 2013: $133,948Liabilities 2013: $1,304Net Assets 2013: $132,6442013Assets 2014: $144,991Liabilities 2014: $1,204Net Assets 2014: $143,7872014Assets 2015: $182,394Liabilities 2015: $601Net Assets 2015: $181,7932015Assets 2016: $224,129Liabilities 2016: $168Net Assets 2016: $223,9612016Assets 2017: $214,030Liabilities 2017: $5,767Net Assets 2017: $208,2632017Assets 2018: $202,232Liabilities 2018: $2,009Net Assets 2018: $200,2232018Assets 2019: $202,346Liabilities 2019: $779Net Assets 2019: $201,5672019Assets 2020: $275,969Liabilities 2020: $3,416Net Assets 2020: $272,5532020Assets 2021: $331,878Liabilities 2021: $4,570Net Assets 2021: $327,3082021Assets 2022: $345,154Liabilities 2022: $4,288Net Assets 2022: $340,8662022Assets 2023: $348,987Liabilities 2023: $7,031Net Assets 2023: $341,9562023Assets 2024: $1,688,731Liabilities 2024: $206,324Net Assets 2024: $1,482,4072024

Highlighted filing

2021

Assets$331,878
Liabilities$4,570
Net Assets$327,308

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $104,109Expenses 2010: $129,095Net Income 2010: -$24,9862010Revenue 2011: $125,459Expenses 2011: $142,757Net Income 2011: -$17,2982011Revenue 2012: $118,950Expenses 2012: $98,372Net Income 2012: $20,5782012Revenue 2013: $111,101Expenses 2013: $101,197Net Income 2013: $9,9042013Revenue 2014: $145,094Expenses 2014: $133,951Net Income 2014: $11,1432014Revenue 2015: $169,452Expenses 2015: $131,446Net Income 2015: $38,0062015Revenue 2016: $140,297Expenses 2016: $98,129Net Income 2016: $42,1682016Revenue 2017: $99,084Expenses 2017: $114,782Net Income 2017: -$15,6982017Revenue 2018: $107,838Expenses 2018: $115,878Net Income 2018: -$8,0402018Revenue 2019: $102,134Expenses 2019: $100,790Net Income 2019: $1,3442019Revenue 2020: $157,618Expenses 2020: $86,632Net Income 2020: $70,9862020Revenue 2021: $172,121Expenses 2021: $117,366Net Income 2021: $54,7552021Revenue 2022: $153,454Expenses 2022: $139,896Net Income 2022: $13,5582022Revenue 2023: $184,966Expenses 2023: $183,876Net Income 2023: $1,0902023Revenue 2024: $564,240Expenses 2024: $459,322Net Income 2024: $104,9182024

Highlighted filing

2021

Revenue$172,121
Expenses$117,366
Net Income$54,755
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 24, 2022
Return Version
2021v4.0
Gross Receipts
$172,121
Mission and Program Overview

Mission

To promote Morgan County by serving as the primary coordinator of information and resources for new and expanding businesses to optimize the activities of economic and community development for the enrichment of its businesses and residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$224,027$294,029▲ $70,002
Other Notes and Loans Receivable, Net-$23,319-
Cash and Non-Interest-Bearing Accounts$3,302$8,271▲ $4,969
Accounts Receivable$48,080$6,072▼ $42,008
Land, Buildings, and Equipment, Net$560$187▼ $373
Total Assets$275,969$331,878▲ $55,909
Liabilities
Accounts Payable and Accrued Expenses$3,416$4,570▲ $1,154
Total Liabilities$3,416$4,570▲ $1,154
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$272,553$327,308▲ $54,755
Total Net Assets Fund Balance$272,553$327,308▲ $54,755
Total Liabilities and Net Assets / Fund Balance$275,969$331,878▲ $55,909

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$187$6,908$7,095
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shelly GriffithPresident
David MerriamDirector
Donna ShaverDirector
Gerry LyneDirector
Heath StencelDirector
Jon BeckerDirector
Kevin ZacharyDirector
Mike BlechaDirector
Rick KeuroglianDirector
Sandy EngleDirector
Tom AcreDirector
Kristin Clifford-basilExecutive Di
Travis LefeverSecretary/tr
John SneedVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$164,701
Program Service Revenue
$0
Investment Income
$1,344
Other Revenue
$6,076
All Other Contributions
$144,701
Change in Net Assets
$54,755
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,701
Other Expenses$31,665
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,243$37,242-$74,485
Advertising$6,880--$6,880
Payroll Taxes$3,208$3,208-$6,416
Other Employee Benefits$2,400$2,400-$4,800
Office Expenses-$4,084-$4,084
Fees for Services Accounting-$3,878-$3,878
Occupancy-$3,600-$3,600
Insurance-$1,960-$1,960
Information Technology-$1,830-$1,830
All Other Expenses-$1,442-$1,442
Conferences and Meetings-$1,389-$1,389
Other Expenses$532$797-$797
Fees for Services Legal-$727-$727
Depreciation Depletion-$373-$373
Travel$271--$271
Total Functional Expenses$51,966$65,400$0$117,366
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
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
No
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, Page 6, Part VI, Line 11B

Form 990 is reviewed by the excecutive board for approval of submission.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and irs form 990 are available at the organization's office located at 201 ensign street, fort morgan, co 80701.

Filing and Contact Details

Filer

Filer Name
Morgan County Economic Development
EIN
84-0565221
Phone
9705423527
Address
201 ENSIGN ST, FORT MORGAN, CO 80701

Signing Officer

Name
John Sneed
Title
Vice President
Phone
9705423527
Signed
2022-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Sneed
Formed
1962
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
3

Preparer

Firm
Schaefer Lapp & Samples Cpas
Address
PO BOX 1125, FORT MORGAN, CO 80701-1125
Preparer
Tara L Samples CPA
Phone
9708679422
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote morgan county by serving as the primary coordinator of information and resources for new and expanding businesses to optimize the activities of economic and community development for the enrichment of its businesses and residents.

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037243
IRS990/OtherSalariesAndWagesGrp/TotalAmt074485
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt023319
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03208
IRS990/PayrollTaxesGrp/ProgramServicesAmt03208
IRS990/PayrollTaxesGrp/TotalAmt06416
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHN SNEED
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0155260
IRS990/PYInvestmentIncomeAmt0679
IRS990/PYOtherExpensesAmt023014
IRS990/PYOtherRevenueAmt01679
IRS990/PYRevenuesLessExpensesAmt070986
IRS990/PYSalariesCompEmpBnftPaidAmt063618
IRS990/PYTotalExpensesAmt086632
IRS990/PYTotalRevenueAmt0157618
IRS990/ReconcilationRevenueExpnssAmt054755
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0224027
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0294029
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0187
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06908
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07095
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0187
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE MORGAN COUNTY BY SERVING AS THE PRIMARY COORDINATOR OF INFORMATION AND RESOURCES FOR NEW AND EXPANDING BUSINESSES TO OPTIMIZE THE ACTIVITIES OF ECONOMIC AND COMMUNITY DEVELOPMENT FOR THE ENRICHMENT OF ITS BUSINESSES AND RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE EXCECUTIVE BOARD FOR APPROVAL OF SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND IRS FORM 990 ARE AVAILABLE AT THE ORGANIZATION'S OFFICE LOCATED AT 201 ENSIGN STREET, FORT MORGAN, CO 80701.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0275969
IRS990/TotalAssetsEOYAmt0331878
IRS990/TotalAssetsGrp/BOYAmt0275969
IRS990/TotalAssetsGrp/EOYAmt0331878
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0164701
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065400
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051966
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117366
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03416
IRS990/TotalLiabilitiesEOYAmt04570
IRS990/TotalLiabilitiesGrp/BOYAmt03416
IRS990/TotalLiabilitiesGrp/EOYAmt04570
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0272553
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0327308
IRS990/TotalProgramServiceExpensesAmt051966
IRS990/TotalRevenueGrp/ExclusionAmt01344
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06076
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0172121
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0275969
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0331878
IRS990/TravelGrp/ProgramServicesAmt0271
IRS990/TravelGrp/TotalAmt0271
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0201 ENSIGN ST
IRS990/USAddress/CityNm0FORT MORGAN
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080701
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.MORGANCOUNTYINFO.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN SNEED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09705423527
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORGAN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MORG
ReturnHeader/Filer/EIN0840565221
ReturnHeader/Filer/PhoneNum09705423527
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 ENSIGN ST
ReturnHeader/Filer/USAddress/CityNm0FORT MORGAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873394212
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHAEFER LAPP & SAMPLES CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1125
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT MORGAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0807011125
ReturnHeader/PreparerPersonGrp/PhoneNum09708679422
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TARA L SAMPLES CPA
ReturnHeader/ReturnTs02022-11-02T11:27:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SNEED
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.69$0.21$1.48$0.56$0.46$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.34$0.18$0.18$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.34$0.15$0.14$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.17$0.12$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.27$0.16$0.09$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.10$0.10$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.11$0.12$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.21$0.10$0.11$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.14$0.10$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.17$0.13$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.15$0.13$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.11$0.10$0.01
2012Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.12$0.10$0.02
2011Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.13$0.14$0.02
2010Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.10$0.13$0.02