Civic Intelligence

Middletown Area Chamber of Commerce Foundation

990 • Fiscal year 2017 • EIN 90-0944432

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

1050 Industrial Drive Suite 110Middletown, 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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

22nd percentile

-18%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-33%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$45,879

Down $9,975 (-18%) from 2016

Net Assets

Down

$45,879

Down $9,975 (-18%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$68,523

Down $33,603 (-33%) from 2016

Expenses

Up

$78,498

Up $9,322 (+13%) from 2016

Net Income

Down

-$9,975

Down $42,925 (-130%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$45,879
Liabilities$0
Net Assets$45,879

Operations Trend

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

2017

Revenue$68,523
Expenses$78,498
Net Income-$9,975
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$98,958
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.

Promote small business development in Middletown DE by providing programs that nurture small and micro businesses and enhance the available

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$55,854$45,879▼ $9,975
Cash and Non-Interest-Bearing Accounts$29,184$24,830▼ $4,354
Land, Buildings, and Equipment, Net$20,030$14,409▼ $5,621
Investments in Publicly Traded Securities$6,640$6,640→ $0
Receivable From Disqualified Prsn$0--
Total Assets$55,854$45,879▼ $9,975
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$55,854$45,879▼ $9,975
Total Liabilities and Net Assets / Fund Balance$55,854$45,879▼ $9,975

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,567$10,796$16,363
Leasehold Improvements$8,842$2,167$11,009
Buildings$0--
Other Land Buildings$0--
Land$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017----$0
2016----$0
2015----$0
2014----$0
2013----$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
William OnealChairman
Sital SoniVice President
Tony MartinaBoard Member
Hans PfadtSecretary
Anthony ColonelloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,034
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$37,489
All Other Contributions
$31,034
Change in Net Assets
$-9,975

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$78,498
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
Occupancy-$61,631-$61,631
Depreciation Depletion-$5,621-$5,621
Other Expenses$4,000--$0
Fees for Services Management$0$2,167-$2,167
Office Expenses-$1,442-$1,442
Insurance-$1,270-$1,270
Advertising$1,262--$1,262
Fees for Services Accounting-$500-$500
Conferences and Meetings$455--$455
Fees for Services Legal-$150-$150
Total Functional Expenses$5,717$72,781$0$78,498

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 Direct Expenses$30,435
Fundraising Gross Income$10,358
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--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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 of meeting are maintained and stored

Part VI, Section B, Line 11

Board approves tax returns

PART VI, SECTION B, LINE 12C

monthly board meetings

Part VI, Section C, Line 19

All documents and taxes are made avaialble upon request

Filing and Contact Details

Filer

Filer Name
Middletown Area Chamber Foundation
EIN
90-0944432
Phone
3023787545
Address
1050 INDUSTRIAL DRIVE SUITE 110, MIDDLETOWN, DE 19709

Signing Officer

Name
William O Neal
Title
Chairman
Phone
3023787545
Signed
2018-05-15
Discuss with paid preparer
No

Organization Details

Principal Officer
William Oneal
Formed
2012
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Let God Help Resources
Address
26 AIRDRIE DRIVE, BEAR, DE 19701-2359
Preparer
Jeanette Waters
Phone
3027500930
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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/BookValueAmt05567
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010796
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016363
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08842
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02167
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011009
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TermEndowmentBalanceEOYPct00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014409
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0minutes of meeting are maintained and stored
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board approves tax returns
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2monthly board meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All documents and taxes are made avaialble upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt055854
IRS990/TotalAssetsEOYAmt045879
IRS990/TotalAssetsGrp/BOYAmt055854
IRS990/TotalAssetsGrp/EOYAmt045879
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt031034
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072781
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05717
IRS990/TotalFunctionalExpensesGrp/TotalAmt078498
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt055854
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt045879
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalProgramServiceExpensesAmt080153
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068523
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt055854
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt045879
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01050 INDUSTRIAL DRIVE SUITE 110
IRS990/USAddress/CityNm0MIDDLETOWN
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019709
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MBIDE.COM
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM O NEAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03023787545

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.69$0.78$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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