Civic Intelligence

Cooper Park Development Company

990 • Fiscal year 2023 • EIN 85-3420407

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 06, 2024

PO Box 29Mount Vernon, OH 43050

(740) 393-3806

Siviq Scores

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

Liabilities / Assets

94th percentile

1.03x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

2.37x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

99th percentile

595%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

58%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,868,581

Up $4,168,189 (+595%) from 2022

Net Assets

Up

-$162,466

Up $31,540 (+16%) from 2022

Liabilities

Up

$5,031,047

Up $4,136,649 (+463%) from 2022

Revenue

Up

$2,123,401

Up $780,325 (+58%) from 2022

Expenses

Up

$1,500,176

Up $371,929 (+33%) from 2022

Net Income

Up

$623,225

Up $408,396 (+190%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $123,809Liabilities 2021: $532,644Net Assets 2021: -$408,8352021Assets 2022: $700,392Liabilities 2022: $894,398Net Assets 2022: -$194,0062022Assets 2023: $4,868,581Liabilities 2023: $5,031,047Net Assets 2023: -$162,4662023Assets 2024: $1,321,085Liabilities 2024: $2,203,416Net Assets 2024: -$882,3312024

Highlighted filing

2023

Assets$4,868,581
Liabilities$5,031,047
Net Assets-$162,466

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $274,562Expenses 2021: $713,780Net Income 2021: -$439,2182021Revenue 2022: $1,343,076Expenses 2022: $1,128,247Net Income 2022: $214,8292022Revenue 2023: $2,123,401Expenses 2023: $1,500,176Net Income 2023: $623,2252023Revenue 2024: $3,880,907Expenses 2024: $4,600,772Net Income 2024: -$719,8652024

Highlighted filing

2023

Revenue$2,123,401
Expenses$1,500,176
Net Income$623,225
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 6, 2024
Return Version
2023v5.1
Gross Receipts
$2,123,401
Mission and Program Overview

Mission

A. Cooper park development company is organized and shall be operated exclusively for charitable, religious, literary, scientific, and educational purposes set forth in section 501(c)(3) of the internal revenue code of 1986, as amended.

A. Cooper park development company is organized and shall be operated exclusively for charitable, religious, literary, scientific, and educational purposes set forth in section 501(c)(3) of the internal revenue code of 1986, as amended. B. More specifically, the company is a "supporting organization" as said term is defined in section 509(a)(3) of the code. The supported organization is the knox county land reutilization company, a non-profit company exempt from taxation under section 501(c)(3) of the code and not a private foundation pursuant to section 509(a)(1) of the code. The company shall be organized and operated to conduct and support the supported organization's exempt purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$591,685$567,946▼ $23,739
Cash and Non-Interest-Bearing Accounts$94,690$45,361▼ $49,329
Land, Buildings, and Equipment, Net$5,292$30,006▲ $24,714
Prepaid Expenses and Deferred Charges$8,725$11,054▲ $2,329
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-194,006$-162,466▲ $31,540
Total Assets$700,392$4,868,581▲ $4,168,189
Other Assets Total$0$4,214,214▲ $4,214,214
Liabilities
Other Liabilities$72,045$3,484,212▲ $3,412,167
Accounts Payable and Accrued Expenses$572,353$728,889▲ $156,536
Deferred Revenue$0$567,946▲ $567,946
Unsecured Notes Loans Payable$250,000$250,000→ $0
Total Liabilities$894,398$5,031,047▲ $4,136,649
Net Assets / Fund Balance
Total Net Assets Fund Balance$-194,006$-162,466▲ $31,540
Total Liabilities and Net Assets / Fund Balance$700,392$4,868,581▲ $4,168,189

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,006$6,359$36,365
Other Assets Org$804,479--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Teresa BemillerChairperson
Jeffrey GottkePresident, Secretary
Mark RamserVice President
Keith BurleyDirector
Michael PercyDirector
Steve DessertDirector
William LawhonDirector
Gordy YanceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$87,565
Program Service Revenue
$0
Investment Income
$36,434
Other Revenue
$1,999,402
All Other Contributions
$87,565
Change in Net Assets
$623,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,500,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$293,154--$293,154
Fees for Services Management$220,214--$220,214
Fees for Services Legal-$66,193-$66,193
Insurance$30,834--$30,834
Fees for Services Accounting-$12,028-$12,028
Depreciation Depletion$3,510--$3,510
Other Expenses$127--$127
Total Functional Expenses$1,421,955$78,221$0$1,500,176
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ariel Foundation$3,412,435
Due to Land Bank$64,787
Down Payment on Property Sale$6,990
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Part VI, Section B, Line 11B

The organization's governing body reviews the return and resolves any questions regarding the return before it is filed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cooper Park Development Company
EIN
85-3420407
Phone
7403933806
Address
PO BOX 29, MOUNT VERNON, OH 43050

Signing Officer

Name
Jeffrey Gottke
Title
President, Secretary
Phone
7403933806
Signed
2024-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Gottke
Formed
2020
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Bowers & Company Cpas Pllc
Address
333 W WASHINGTON ST SUITE 500, SYRACUSE, NY 13202
Preparer
Richard Farley Jr CPA
Phone
3152341100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1, Description of Organization Mission

Cooper park development company, inc. (cpdc) is an organization which provides assistance to the knox county land reutilization corporation, inc., to support the economic development, maintenance, management, and marketing of cooper progress park in mount vernon, ohio which is owned and/or leased by the knox county land reutilization corporation, inc., a 501(c)(3) and quasi-governmental entity established by the ohio revised code chapter 5722. Cpdc's activities will be conducted by its officers, directors, and staff. Additionally cpdc's board has been established to comport with the irs's best practice standards for nonprofit governance. Cpdc anticipates that its directors will make solicitations on its behalf and does not plan to engage outside professional fundraising firms or seek any loans from other non-profit organizations or banks. Cpdc will focus its charitable purposes in the city of mount vernon, knox county, ohio.90% of cpdc's time is devoted to operations and 10% is allocated to general administrative matters. Cpdc will primarily be funded by the funds and resources provided to it by the knox county land reutilization corporation, inc.the sole focus, and 100% of cpdc's focus, will be related to supporting the economic development of blighted property known as cooper progress park in mount vernon, knox county, ohio which is owned and/or under the direct control of the knox county land reutilization corporation, inc., a 501(c)(3).

Form 990, Part IX, Line 11G

Engineering services: program service expenses 11,785. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,785. Contract services: program service expenses 30,005. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,005. Real estate commissions: program service expenses 251,364. Management and general expenses 0. Fundraising expenses 0. Total expenses 251,364.

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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-194006
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-162466
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0KNOX COUNTY LAND REUTILLIZATION CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt030006
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06359
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03409735
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1804479
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ARIEL FOUNDATION - GRANT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MANAGED AGENCY INVESTMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06990
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt164787
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23412435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DOWN PAYMENT ON PROPERTY SALE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO LAND BANK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ARIEL FOUNDATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030006
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04214214
IRS990ScheduleD/TotalLiabilityAmt03484212
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COOPER PARK DEVELOPMENT COMPANY, INC. (CPDC) IS AN ORGANIZATION WHICH PROVIDES ASSISTANCE TO THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC., TO SUPPORT THE ECONOMIC DEVELOPMENT, MAINTENANCE, MANAGEMENT, AND MARKETING OF COOPER PROGRESS PARK IN MOUNT VERNON, OHIO WHICH IS OWNED AND/OR LEASED BY THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC., A 501(C)(3) AND QUASI-GOVERNMENTAL ENTITY ESTABLISHED BY THE OHIO REVISED CODE CHAPTER 5722. CPDC'S ACTIVITIES WILL BE CONDUCTED BY ITS OFFICERS, DIRECTORS, AND STAFF. ADDITIONALLY CPDC'S BOARD HAS BEEN ESTABLISHED TO COMPORT WITH THE IRS'S BEST PRACTICE STANDARDS FOR NONPROFIT GOVERNANCE. CPDC ANTICIPATES THAT ITS DIRECTORS WILL MAKE SOLICITATIONS ON ITS BEHALF AND DOES NOT PLAN TO ENGAGE OUTSIDE PROFESSIONAL FUNDRAISING FIRMS OR SEEK ANY LOANS FROM OTHER NON-PROFIT ORGANIZATIONS OR BANKS. CPDC WILL FOCUS ITS CHARITABLE PURPOSES IN THE CITY OF MOUNT VERNON, KNOX COUNTY, OHIO.90% OF CPDC'S TIME IS DEVOTED TO OPERATIONS AND 10% IS ALLOCATED TO GENERAL ADMINISTRATIVE MATTERS. CPDC WILL PRIMARILY BE FUNDED BY THE FUNDS AND RESOURCES PROVIDED TO IT BY THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC.THE SOLE FOCUS, AND 100% OF CPDC'S FOCUS, WILL BE RELATED TO SUPPORTING THE ECONOMIC DEVELOPMENT OF BLIGHTED PROPERTY KNOWN AS COOPER PROGRESS PARK IN MOUNT VERNON, KNOX COUNTY, OHIO WHICH IS OWNED AND/OR UNDER THE DIRECT CONTROL OF THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC., A 501(C)(3).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING BODY REVIEWS THE RETURN AND RESOLVES ANY QUESTIONS REGARDING THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENGINEERING SERVICES: PROGRAM SERVICE EXPENSES 11,785. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,785. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 30,005. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,005. REAL ESTATE COMMISSIONS: PROGRAM SERVICE EXPENSES 251,364. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 251,364.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KNOX COUNTY LAND REUTILIZATION CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0824086618
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0STRENGTHEN NEIGHBORHOODS AND PRESERVE PROPERTY VALUES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 29
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MOUNT VERNON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043050
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt064787
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KNOX COUNTY LAND BANK
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IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt04868581
IRS990/TotalAssetsGrp/BOYAmt0700392
IRS990/TotalAssetsGrp/EOYAmt04868581
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt087565
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078221
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01421955
IRS990/TotalFunctionalExpensesGrp/TotalAmt01500176
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0894398
IRS990/TotalLiabilitiesEOYAmt05031047
IRS990/TotalLiabilitiesGrp/BOYAmt0894398
IRS990/TotalLiabilitiesGrp/EOYAmt05031047
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-194006
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-162466
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01421955
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt055434
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01980402
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02123401
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0700392
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0250000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0250000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0307 E VINE STREET
IRS990/USAddress/CityNm0MOUNT VERNON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043050
IRS990/VotingMembersGoverningBodyCnt08

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