Civic Intelligence

Middletown Area Chamber of Commerce Foundation

990 • Fiscal year 2016 • EIN 90-0944432

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 13, 2017

Organization ProfileWWW.MACCDE.ORG
P O Box 1Middletown, DE 19709

(302) 378-7545

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

92nd percentile

111%

Faster asset growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$55,854

Up $29,345 (+111%) from 2015

Net Assets

Up

$55,854

Up $32,950 (+144%) from 2015

Liabilities

Down

$0

Down $3,605 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin85th percentile

Revenue

Up

$102,126

Up $14,476 (+17%) from 2015

Expenses

Up

$69,176

Up $4,430 (+6.8%) from 2015

Net Income

Up

$32,950

Up $10,046 (+44%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$150K$100K$50K$0Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2015: $26,509Liabilities 2015: $3,605Net Assets 2015: $22,9042015Assets 2016: $55,854Liabilities 2016: $0Net Assets 2016: $55,8542016Assets 2017: $45,879Liabilities 2017: $0Net Assets 2017: $45,8792017Assets 2018: $39,722Liabilities 2018: $0Net Assets 2018: $39,7222018Assets 2019: $33,989Liabilities 2019: $189Net Assets 2019: $33,8002019Assets 2020: $113,411Liabilities 2020: $49,900Net Assets 2020: $63,5112020Assets 2021: $65,780Liabilities 2021: $0Net Assets 2021: $65,7802021Assets 2022: $64,782Liabilities 2022: $0Net Assets 2022: $64,7822022Assets 2023: $64,742Liabilities 2023: $0Net Assets 2023: $64,7422023Assets 2024: $102,767Liabilities 2024: $4,613Net Assets 2024: $98,1542024Assets 2025: $120,447Liabilities 2025: $7,702Net Assets 2025: $112,7452025

Highlighted filing

2016

Assets$55,854
Liabilities$0
Net Assets$55,854
Open 2016 Filing

Operations Trend

Revenue Growth70th percentile

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

$150K$100K$50K$0-$50KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2015: $87,650Expenses 2015: $64,746Net Income 2015: $22,9042015Revenue 2016: $102,126Expenses 2016: $69,176Net Income 2016: $32,9502016Revenue 2017: $68,523Expenses 2017: $78,498Net Income 2017: -$9,9752017Revenue 2018: $100,046Expenses 2018: $117,750Net Income 2018: -$17,7042018Revenue 2019: $49,171Expenses 2019: $58,443Net Income 2019: -$9,2722019Revenue 2020: $121,495Expenses 2020: $88,548Net Income 2020: $32,9472020Revenue 2021: $111,446Expenses 2021: $109,177Net Income 2021: $2,2692021Revenue 2022: $114,816Expenses 2022: $115,814Net Income 2022: -$9982022Revenue 2023: $100,461Expenses 2023: $102,000Net Income 2023: -$1,5392023Revenue 2024: $70,751Expenses 2024: $37,339Net Income 2024: $33,4122024Revenue 2025: $135,906Expenses 2025: $121,315Net Income 2025: $14,5912025

Highlighted filing

2016

Revenue$102,126
Expenses$69,176
Net Income$32,950
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 13, 2017
Return Version
2016v3.0
Gross Receipts
$117,712
Mission and Program Overview

Mission

Promote small business development in middletown de by providing programs that nurture small and micro businesses and enhance the available workforce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$22,904$55,854▲ $32,950
Cash and Non-Interest-Bearing Accounts$5,810$29,184▲ $23,374
Land, Buildings, and Equipment, Net$14,059$20,030▲ $5,971
Investments in Publicly Traded Securities$6,640$6,640→ $0
Receivable From Disqualified Prsn$0$0→ $0
Total Assets$26,509$55,854▲ $29,345
Liabilities
Other Liabilities$3,605$0▼ $3,605
Total Liabilities$3,605$0▼ $3,605
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,904$55,854▲ $32,950
Total Liabilities and Net Assets / Fund Balance$26,509$55,854▲ $29,345

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,680$5,683$16,363
Buildings$0--
Other Land Buildings$0--
Land$0--
Leasehold Improvements$9,350$1,659-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016----$0
2015----$0
2014----$0
2013----$0
2012----$0
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Bill OnealPresident
Sital SoniVice President
Tony MartinaBoard Member
Nicole MonroeSecretary
Sharon CirelloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,136
Program Service Revenue
$38,827
Investment Income
$0
Other Revenue
$7,163
All Other Contributions
$785
Change in Net Assets
$32,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$65,176
Grants and Similar Amounts Paid$4,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$54,925--$54,925
Depreciation Depletion-$6,416-$6,416
Grants to Domestic Individuals$4,000--$4,000
Advertising-$1,573-$1,573
Other Expenses$950$0-$0
Office Expenses-$513-$513
Conferences and Meetings-$114-$114
Total Functional Expenses$59,875$9,301$0$69,176

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,749
Fundraising Direct Expenses$15,586
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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

PART VI, SECTION A, LINE 8A

“Minutes are taken at every meeting and board approves them at following meeting”

Part VI, Section B, Line 11

“Organizations process is to have board review 990 tax return before it is filed with IRS”

Part VI, Section C, Line 19

“Governing Documents Disclosure Explanation upon request”

Filing and Contact Details

Filer

Filer Name
Middletown Area Chamber Foundation
EIN
90-0944432
Address
P O BOX 1, MIDDLETOWN, DE 19709
Doing Business As
Mbi Foundation

Signing Officer

Name
Bill O Neal
Title
President
Signed
2017-10-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Bill O Neal
Formed
2012
Legal Domicile
De
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Let God Help Resources
Address
26 AIRDRIE DRIVE, BEAR, DE 19701-2359
Preparer
Jeanette Waters
Phone
3027500930
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0180098
IRS990ScheduleA/TotalSupportAmt0182330
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt02232
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt02232
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt010680
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05683
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016363
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09350
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01659
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt011009
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TermEndowmentBalanceEOYPct00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020030
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES ARE TAKEN AT EVERY MEETING AND BOARD APPROVES THEM AT FOLLOWING MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organizations process is to have board review 990 tax return before it is filed with IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Documents Disclosure Explanation upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt026509
IRS990/TotalAssetsEOYAmt055854
IRS990/TotalAssetsGrp/BOYAmt026509
IRS990/TotalAssetsGrp/EOYAmt055854
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt056136
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09301
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt059875
IRS990/TotalFunctionalExpensesGrp/TotalAmt069176
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
IRS990/TotalLiabilitiesBOYAmt03605
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt03605
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022904
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt055854
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalProgramServiceExpensesAmt072689
IRS990/TotalProgramServiceRevenueAmt038827
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt038827
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0102126
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026509
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt055854
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0402 N CASS STREET
IRS990/USAddress/CityNm0MIDDLETOWN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,854
Liabilities
$0
Net assets
$55,854
Revenue
$102,126
Expenses
$69,176
Net income
$32,950
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.20$0.08$1.13$1.36$1.21$0.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.05$0.98$0.71$0.37$0.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.00$0.65$1.00$1.02$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.00$0.65$1.15$1.16$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.00$0.66$1.11$1.09$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.50$0.64$1.21$0.89$0.33
2019Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$0.49$0.58$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.00$0.40$1.00$1.18$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$0.69$0.78$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$1.02$0.69$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.04$0.23$0.88$0.65$0.23
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00