Civic Intelligence

Middletown Area Chamber of Commerce Foundation

990 • Fiscal year 2018 • EIN 90-0944432

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 16, 2019

Organization ProfileWWW.MBIDE.COM
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

54th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

54th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

18th percentile

-18%

Higher net margin than 18% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

46%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets54th percentile

Assets

Flat

$39,722

Flat from 2018

Net Assets

Flat

$39,722

Flat from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin18th percentile

Revenue

Flat

$100,046

Flat from 2018

Expenses

Flat

$117,750

Flat from 2018

Net Income

Flat

-$17,704

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth26th 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 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

2018

Assets$39,722
Liabilities$0
Net Assets$39,722
Open 2018 Filing

Operations Trend

Revenue Growth85th 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 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

2018

Revenue$100,046
Expenses$117,750
Net Income-$17,704
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 16, 2019
Return Version
2018v3.1
Gross Receipts
$100,046
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.

The middletown business incubator and collaborative workspace (mbi) will serve as an enterprise business center that provides resources for businesses and entrepreneurs. By inspiring entrepreneurship through opportunity, the mbi will foster economic growth for the mot and surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$45,879$39,722▼ $6,157
Land, Buildings, and Equipment, Net$14,409$23,912▲ $9,503
Investments in Publicly Traded Securities$6,640--
Cash and Non-Interest-Bearing Accounts$24,830$4,154▼ $20,676
Total Assets$45,879$39,722▼ $6,157
Other Assets Total-$11,656-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,879$39,722▼ $6,157
Total Liabilities and Net Assets / Fund Balance$45,879$39,722▼ $6,157

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,912$16,460$40,372
Other Assets Org$11,656--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
WILLIAM O'NEALPresident
Hans PfadtDirector
Mary JamiesonDirector
Nick ValiDirector
Stephan FranciscoSecretary
Anthony ColonnelloTreasurer
Sital SoniVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$25,000
Program Service Revenue
$75,046
Investment Income
$0
Other Revenue
$0
All Other Contributions
$25,000
Change in Net Assets
$-17,704
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,591
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$84,302--$84,302
Benefits to Members$10,159--$10,159
Fees for Services Management$7,500--$7,500
Office Expenses$4,583--$4,583
Fees for Services Other$3,085--$3,085
Depreciation Depletion-$3,085-$3,085
Advertising$3,036--$3,036
Insurance$1,607--$1,607
Conferences and Meetings$273--$273
Fees for Services Legal$120--$120
Total Functional Expenses$114,665$3,085$0$117,750
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 4

“Significant changes to the organizational documents and the board proposed new updated of the governing documents at a public forum, all of which, voted unamiously, to approve them.”

Form 990, Page 6, Part VI, Line 6

“The foundaiton is organized with stockholders of the board”

Form 990, Page 6, Part VI, Line 8B

“Each board meeting is documented by the secretary, disseminated appropiately and stored accordingly.”

Form 990, Page 6, Part VI, Line 11B

“The board reviews all tax returns before signing and filing.”

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

“The board regularly oversees at each meeting and addresses, if any, compliance issues.”

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

“The compensation for the executive director is reviewed each year by the executive board.”

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

“The executive board reviews annually all compensation of all other members of the organization.”

Form 990, Page 6, Part VI, Line 19

“All documents are available to the public 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
Sital Soni
Title
Vice President
Phone
3023787545
Signed
2019-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
WILLIAM O'NEAL
Formed
2012
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Ac Tax Group LLC
Address
364 E MAIN ST STE 1416, MIDDLETOWN, DE 19709-1482
Preparer
Anthony R Colonnello
Phone
3023392028
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The middletown area chamber of commerce is a non-profit organization dedicated to the economic development of the southern new castle county area. The chamber provides advocacy, leadership, and networking within the business community and serves as a catalyst for the promotion of our members; as well as an information resource center for the mot (middletown, odessa & townsend) community.”

Form 990, Page 2, Part III, Line 4D

“DEPRECIATION”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -778”

Raw XML Appendix354 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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IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
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IRS990/MissionDesc0THE MIDDLETOWN AREA CHAMBER OF COMMERCE IS A NON-PROFIT ORGANIZATION DEDICATED TO THE ECONOMIC DEVELOPMENT OF THE SOUTHERN NEW CASTLE COUNTY AREA. THE CHAMBER PROVIDES ADVOCACY, LEADERSHIP, AND NETWORKING WITHIN THE BUSINESS COMMUNITY AND SERVES AS A CATALYST FOR THE PROMOTION OF OUR MEMBERS; AS WELL AS AN INFORMATION RESOURCE CENTER FOR THE MOT (MIDDLETOWN, ODESSA & TOWNSEND) COMMUNITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MIDDLETOWN AREA CHAMBER OF COMMERCE IS A NON-PROFIT ORGANIZATION DEDICATED TO THE ECONOMIC DEVELOPMENT OF THE SOUTHERN NEW CASTLE COUNTY AREA. THE CHAMBER PROVIDES ADVOCACY, LEADERSHIP, AND NETWORKING WITHIN THE BUSINESS COMMUNITY AND SERVES AS A CATALYST FOR THE PROMOTION OF OUR MEMBERS; AS WELL AS AN INFORMATION RESOURCE CENTER FOR THE MOT (MIDDLETOWN, ODESSA & TOWNSEND) COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SIGNIFICANT CHANGES TO THE ORGANIZATIONAL DOCUMENTS AND THE BOARD PROPOSED NEW UPDATED OF THE GOVERNING DOCUMENTS AT A PUBLIC FORUM, ALL OF WHICH, VOTED UNAMIOUSLY, TO APPROVE THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDAITON IS ORGANIZED WITH STOCKHOLDERS OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEETING IS DOCUMENTED BY THE SECRETARY, DISSEMINATED APPROPIATELY AND STORED ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD REVIEWS ALL TAX RETURNS BEFORE SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD REGULARLY OVERSEES AT EACH MEETING AND ADDRESSES, IF ANY, COMPLIANCE ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED EACH YEAR BY THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE EXECUTIVE BOARD REVIEWS ANNUALLY ALL COMPENSATION OF ALL OTHER MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10BOOK / TAX DEPRECIATION DIFFERENCE -778
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt045879
IRS990/TotalAssetsEOYAmt039722
IRS990/TotalAssetsGrp/BOYAmt045879
IRS990/TotalAssetsGrp/EOYAmt039722
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03085
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0114665
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117750
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045879
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt039722
IRS990/TotalOtherProgSrvcExpenseAmt03309
IRS990/TotalOtherProgSrvcRevenueAmt014
IRS990/TotalProgramServiceExpensesAmt0114665
IRS990/TotalProgramServiceRevenueAmt075046
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075046
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0100046
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt045879
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039722
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01050 INDUSTRIAL DRIVE
IRS990/USAddress/AddressLine2Txt0SUITE 110
IRS990/USAddress/CityNm0MIDDLETOWN
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019709
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MBIDE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SITAL SONI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03023787545
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDDLETOWN AREA CHAMBER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MIDD
ReturnHeader/Filer/EIN0900944432
ReturnHeader/Filer/PhoneNum03023787545
ReturnHeader/Filer/USAddress/AddressLine1Txt01050 INDUSTRIAL DRIVE SUITE 110
ReturnHeader/Filer/USAddress/CityNm0MIDDLETOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019709
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F0AE23B2CF8DD982F7AA4706417A3D8B3873AA9A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F0AE23B2CF8DD982F7AA4706417A3D8B3873AA9A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.11.177.218
ReturnHeader/FilingSecurityInformation/IPDt02019-04-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:42:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821276182
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AC TAX GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0364 E MAIN ST STE 1416
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDDLETOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0197091482
ReturnHeader/PreparerPersonGrp/PhoneNum03023392028
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY R COLONNELLO
ReturnHeader/ReturnTs02019-04-22T08:42:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,722
Liabilities
$0
Net assets
$39,722
Revenue
$100,046
Expenses
$117,750
Net income
-$17,704
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
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$1.00$1.18$0.18
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
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