Civic Intelligence

Adams County Economic Development Inc

990 • Fiscal year 2019 • EIN 84-0872188

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 08, 2020

Organization ProfileWWW.ADAMSCOUNTYED.COM

View Organization Page

12200 N Pecos Street Suite 100Westminster, CO 80234

(303) 453-8510

Siviq Scores

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

Liabilities / Assets

77th percentile

0.40x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.29x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

4th percentile

-24%

Higher net margin than 4% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

54th percentile

$151,850

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

6th percentile

-18%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-17%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$1,085,692

Down $232,249 (-18%) from 2018

Net Assets

Down

$653,099

Down $352,128 (-35%) from 2018

Liabilities

Up

$432,593

Up $119,879 (+38%) from 2018

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin4th percentile

Revenue

Down

$1,474,428

Down $291,412 (-17%) from 2018

Expenses

Up

$1,826,556

Up $347,483 (+23%) from 2018

Net Income

Down

-$352,128

Down $638,895 (-223%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $577,917Liabilities 2011: $28,637Net Assets 2011: $549,2802011Assets 2012: $615,079Liabilities 2012: $25,474Net Assets 2012: $589,6052012Assets 2013: $568,126Liabilities 2013: $15,781Net Assets 2013: $552,3452013Assets 2014: $680,474Liabilities 2014: $61,593Net Assets 2014: $618,8812014Assets 2015: $648,975Liabilities 2015: $31,260Net Assets 2015: $617,7152015Assets 2016: $732,028Liabilities 2016: $32,943Net Assets 2016: $699,0852016Assets 2017: $876,232Liabilities 2017: $157,772Net Assets 2017: $718,4602017Assets 2018: $1,317,941Liabilities 2018: $312,714Net Assets 2018: $1,005,2272018Assets 2019: $1,085,692Liabilities 2019: $432,593Net Assets 2019: $653,0992019Assets 2020: $966,734Liabilities 2020: $311,113Net Assets 2020: $655,6212020Assets 2021: $939,321Liabilities 2021: $74,337Net Assets 2021: $864,9842021Assets 2022: $603,055Liabilities 2022: $61,397Net Assets 2022: $541,6582022Assets 2023: $645,261Liabilities 2023: $192,393Net Assets 2023: $452,8682023Assets 2024: $453,359Liabilities 2024: $118,236Net Assets 2024: $335,1232024

Highlighted filing

2019

Assets$1,085,692
Liabilities$432,593
Net Assets$653,099
Open 2019 Filing

Operations Trend

Revenue Growth8th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,151,4802011Expenses 2012: $1,082,0332012Revenue 2013: $1,090,411Expenses 2013: $1,127,671Net Income 2013: -$37,2602013Revenue 2014: $1,106,280Expenses 2014: $1,039,744Net Income 2014: $66,5362014Revenue 2015: $1,030,267Expenses 2015: $1,031,433Net Income 2015: -$1,1662015Revenue 2016: $1,552,507Expenses 2016: $1,471,137Net Income 2016: $81,3702016Revenue 2017: $1,593,467Expenses 2017: $1,574,092Net Income 2017: $19,3752017Revenue 2018: $1,765,840Expenses 2018: $1,479,073Net Income 2018: $286,7672018Revenue 2019: $1,474,428Expenses 2019: $1,826,556Net Income 2019: -$352,1282019Revenue 2020: $793,142Expenses 2020: $790,620Net Income 2020: $2,5222020Revenue 2021: $1,099,797Expenses 2021: $890,434Net Income 2021: $209,3632021Revenue 2022: $695,258Expenses 2022: $1,018,584Net Income 2022: -$323,3262022Revenue 2023: $618,285Expenses 2023: $688,216Net Income 2023: -$69,9312023Revenue 2024: $550,358Expenses 2024: $668,103Net Income 2024: -$117,7452024

Highlighted filing

2019

Revenue$1,474,428
Expenses$1,826,556
Net Income-$352,128
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 8, 2020
Return Version
2019v5.0
Gross Receipts
$1,474,428
Mission and Program Overview

Mission

Economic development and job creation in adams county, colorado.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$170,653$582,184▲ $411,531
Cash and Non-Interest-Bearing Accounts$1,121,393$478,733▼ $642,660
Land, Buildings, and Equipment, Net$25,491$24,565▼ $926
Prepaid Expenses and Deferred Charges$404$210▼ $194
Total Assets$1,317,941$1,085,692▼ $232,249
Liabilities
Accounts Payable and Accrued Expenses$307,964$423,191▲ $115,227
Deferred Revenue$4,750$9,402▲ $4,652
Total Liabilities$312,714$432,593▲ $119,879
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$725,980$653,099▼ $72,881
Net Assets With Donor Restrictions$279,247--
Total Net Assets Fund Balance$1,005,227$653,099▼ $352,128
Total Liabilities and Net Assets / Fund Balance$1,317,941$1,085,692▼ $232,249

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,565$103,716$128,281
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tricia L AllenInterim PresFT$151,850$151,850
Tricia L AllenInterim President-$151,850$151,850

Board Members and Trustees

NameTitle
Rita ConnerlyChair
Chuck LunaCHAIR'S APPO
Ken KreutzerCHAIR'S APPO
Ron Von LembkePast Chair
Bo MartinezPresident
Jeff KullmanVice Chair
Eva HenryDirector
Louis SalazarDirector
Mary HodgeDirector
Emma PinterCommissioner
Carol DodgeMAYOR'S APPO
Tom StoneSecretary
Travis HudsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,342,908
Program Service Revenue
$128,562
Investment Income
$2,958
Other Revenue
$0
All Other Contributions
$1,342,908
Change in Net Assets
$-352,128

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$42,500
Total Noncash Contributions1$42,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,474,428
Total Revenue per Audited Statements
$1,474,428
Total Revenue per Form 990
$1,474,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,198,827
Salaries, Compensation, and Employee Benefits$627,729
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$259,613
Comp Disqual Persons---$247,064
Occupancy---$113,737
All Other Expenses---$80,900
Fees for Services Other---$72,280
Other Employee Benefits---$69,757
Other Expenses---$42,500
Conferences and Meetings---$41,196
Payroll Taxes---$38,519
Information Technology---$18,894
Fees for Services Accounting---$15,380
Pension Plan Contributions---$12,776
Depreciation Depletion---$8,305
Travel---$7,856
Office Expenses---$5,215
Insurance---$5,040
Total Functional Expenses$0$0$0$1,826,556

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,826,556
Total Expenses per Audited Statements$1,826,556
Total Expenses per Form 990$1,826,556
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 form 990 is reviewed by the executive committee of the board of directors and the president/ceo prior to filing.”

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

“Disclosure statements are reviewed annually.”

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

“Annual review and evaluation by executive committee and board approval.”

Form 990, Page 6, Part VI, Line 19

“Upon timely written request.”

Filing and Contact Details

Filer

Filer Name
Adams County Economic Development
EIN
84-0872188
Phone
3034538510
Address
12200 N PECOS STREET SUITE 100, WESTMINSTER, CO 80234

Signing Officer

Name
Bo Martinez
Title
President
Phone
3034538510
Signed
2020-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bo Martinez
Formed
1982
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
12
Employees
10

Preparer

Firm
Feis & Company Pc Cpas
Address
193 S 27TH AVE SUITE 100, BRIGHTON, CO 80601
Preparer
Robert R Feis CPA
Phone
3036591200
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“In accordance with accounting principles generally accepted in the united states of america, a private entity is required to disclose any material uncertain tax positions that management believes does not meet a "more- likely-than-not" standard of being sustained under an income tax audit and to record a liability for any such income tax, including penalties and related interest expense. Management has not identified any uncertain tax positions that require the recording of a liability mentioned above or further disclosure.”

Raw XML Appendix382 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, A PRIVATE ENTITY IS REQUIRED TO DISCLOSE ANY MATERIAL UNCERTAIN TAX POSITIONS THAT MANAGEMENT BELIEVES DOES NOT MEET A "MORE- LIKELY-THAN-NOT" STANDARD OF BEING SUSTAINED UNDER AN INCOME TAX AUDIT AND TO RECORD A LIABILITY FOR ANY SUCH INCOME TAX, INCLUDING PENALTIES AND RELATED INTEREST EXPENSE. MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS THAT REQUIRE THE RECORDING OF A LIABILITY MENTIONED ABOVE OR FURTHER DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TRICIA L ALLEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0INTERIM PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151850
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND THE PRESIDENT/CEO PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCLOSURE STATEMENTS ARE REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REVIEW AND EVALUATION BY EXECUTIVE COMMITTEE AND BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON TIMELY WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalGrossUBIAmt00
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IRS990/WebsiteAddressTxt0WWW.ADAMSCOUNTYED.COM
IRS990/WhistleblowerPolicyInd0true
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BO MARTINEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03034538510
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ADAMS COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0ADAM
ReturnHeader/Filer/EIN0840872188
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02020-06-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:49:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841130648
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FEIS & COMPANY PC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0193 S 27TH AVE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRIGHTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080601
ReturnHeader/PreparerPersonGrp/PhoneNum03036591200
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT R FEIS CPA
ReturnHeader/ReturnTs02020-06-29T13:49:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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
$1,085,692
Liabilities
$432,593
Net assets
$653,099
Revenue
$1,474,428
Expenses
$1,826,556
Net income
-$352,128
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.45$0.12$0.34$0.55$0.67$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.19$0.45$0.62$0.69$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.06$0.54$0.70$1.02$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.94$0.07$0.86$1.10$0.89$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.31$0.66$0.79$0.79$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.09$0.43$0.65$1.47$1.83$0.35
2018Detailed filing. Detailed filing data is available for this year.$1.32$0.31$1.01$1.77$1.48$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.16$0.72$1.59$1.57$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.73$0.03$0.70$1.55$1.47$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.03$0.62$1.03$1.03$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.68$0.06$0.62$1.11$1.04$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.57$0.02$0.55$1.09$1.13$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.03$0.59$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.03$0.55$1.15