Civic Intelligence

Strategic Economic Development Corporation of the MID-Willamette Valley

990 • Fiscal year 2017 • EIN 93-0810393

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 04, 2017

626 High Street NESalem, OR 97301

(503) 588-6225

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.00x

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

61st percentile

6.9%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$132,500

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 18.9% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

61st percentile

8.7%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-3.5%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$601,092

Up $48,244 (+8.7%) from 2016

Net Assets

Up

$601,092

Up $48,244 (+8.7%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$702,539

Down $25,709 (-3.5%) from 2016

Expenses

Down

$654,295

Down $3,890 (-0.6%) from 2016

Net Income

Down

$48,244

Down $21,819 (-31%) from 2016

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$0Assets 2011: $328,167Liabilities 2011: $0Net Assets 2011: $328,1672011Assets 2012: $374,835Liabilities 2012: $0Net Assets 2012: $374,8352012Assets 2013: $436,787Liabilities 2013: $0Net Assets 2013: $436,7872013Assets 2014: $454,070Liabilities 2014: $0Net Assets 2014: $454,0702014Assets 2015: $482,785Liabilities 2015: $0Net Assets 2015: $482,7852015Assets 2016: $552,848Liabilities 2016: $0Net Assets 2016: $552,8482016Assets 2017: $601,092Liabilities 2017: $0Net Assets 2017: $601,0922017Assets 2018: $647,090Liabilities 2018: $0Net Assets 2018: $647,0902018Assets 2019: $701,163Liabilities 2019: $0Net Assets 2019: $701,1632019Assets 2020: $593,297Liabilities 2020: $0Net Assets 2020: $593,2972020Assets 2021: $775,413Liabilities 2021: $0Net Assets 2021: $775,4132021Assets 2022: $899,705Liabilities 2022: $0Net Assets 2022: $899,7052022Assets 2023: $4,231,471Liabilities 2023: $366,237Net Assets 2023: $3,865,2342023Assets 2024: $1,002,692Liabilities 2024: $139,331Net Assets 2024: $863,3612024

Highlighted filing

2017

Assets$601,092
Liabilities$0
Net Assets$601,092

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $592,3122011Expenses 2012: $535,8172012Expenses 2013: $551,5252013Revenue 2014: $574,216Expenses 2014: $556,933Net Income 2014: $17,2832014Revenue 2015: $697,817Expenses 2015: $669,102Net Income 2015: $28,7152015Revenue 2016: $728,248Expenses 2016: $658,185Net Income 2016: $70,0632016Revenue 2017: $702,539Expenses 2017: $654,295Net Income 2017: $48,2442017Revenue 2018: $693,509Expenses 2018: $647,514Net Income 2018: $45,9952018Revenue 2019: $810,501Expenses 2019: $756,428Net Income 2019: $54,0732019Revenue 2020: $661,631Expenses 2020: $754,779Net Income 2020: -$93,1482020Revenue 2021: $1,145,012Expenses 2021: $962,895Net Income 2021: $182,1172021Revenue 2022: $1,197,091Expenses 2022: $1,072,799Net Income 2022: $124,2922022Revenue 2023: $4,168,737Expenses 2023: $1,203,208Net Income 2023: $2,965,5292023Revenue 2024: $1,216,662Expenses 2024: $4,218,535Net Income 2024: -$3,001,8732024

Highlighted filing

2017

Revenue$702,539
Expenses$654,295
Net Income$48,244
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 4, 2017
Return Version
2016v3.0
Gross Receipts
$723,936
Mission and Program Overview

Mission

Enhance & diversify the region's economy by bringing employers to the region. This is accomplished by leveraging the strength of our public/private partnerships, aggressively retaining and attracting high value jobs and capital investments while providing member services that support business success in marion and polk counties of oregon.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$296,621$336,205▲ $39,584
Investments in Publicly Traded Securities$250,043$259,266▲ $9,223
Land, Buildings, and Equipment, Net$4,238$4,797▲ $559
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$552,848$601,092▲ $48,244
Other Assets Total$1,946$824▼ $1,122
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$552,848$601,092▲ $48,244
Total Net Assets Fund Balance$552,848$601,092▲ $48,244
Total Liabilities and Net Assets / Fund Balance$552,848$601,092▲ $48,244

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,797$30,626$35,423
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chad C FreemanPresidentFT$132,500$132,500

Board Members and Trustees

NameTitle
Mark HoytChairman
Rich DuncanPast Chair
Brent DehartBoard Member
Kevin CameronBoard Member
Nathan LevinBoard Member
Patricia Callihan-bowmanBoard Member
Steve PowersBoard Member
Theresa HaskinsBoard Member
Daryl KnoxSecretary/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$207,809
Program Service Revenue
$461,103
Investment Income
$7,846
Other Revenue
$25,781
Change in Net Assets
$48,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$452,318
Other Expenses$201,977
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$225,460
Current Officers, Directors, Trustees, and Key Employees---$132,500
Other Employee Benefits---$61,395
Occupancy---$60,253
Advertising---$36,988
Conferences and Meetings---$35,998
Payroll Taxes---$32,963
All Other Expenses---$17,446
Other Expenses---$8,489
Insurance---$4,273
Office Expenses---$2,808
Travel---$1,821
Depreciation Depletion---$1,523
Total Functional Expenses$0$0$0$654,295
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,892
Fundraising Direct Expenses$21,068
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$35,892$35,892$20,961$14,931
Total Events$35,892$35,892$20,961$14,931
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization members are dues paying members and consist of local area businesses in marion and polk counties.

Form 990, Part VI, Line 11B: Form 990 Review Process

Sedcor president and executive board review the form 990 prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Strategic Economic Development
EIN
93-0810393
Phone
5035886225
Address
626 HIGH STREET NE, SALEM, OR 97301

Signing Officer

Name
Chad C Freeman
Title
President
Signed
2017-10-04
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
10
Employees
6

Preparer

Firm
Porth & Unrein PC
Address
864 Promontory Pl SE / PO 3200, Salem, OR 97302-0200
Preparer
Daniel C Porth
Phone
5033709617
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IRS990/OtherExpensesGrp/TotalAmt29729
IRS990/OtherExpensesGrp/TotalAmt38489
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02305
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02305
IRS990/OtherRevenueTotalAmt02305
IRS990/OtherSalariesAndWagesGrp/TotalAmt0225460
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt032963
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/BusinessCd4541900
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL HONORS LUNCH
IRS990/ProgramServiceRevenueGrp/Desc1CITY CONTRACT
IRS990/ProgramServiceRevenueGrp/Desc2ECONOMIC FORUMS
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP DUES & ASSESSM
IRS990/ProgramServiceRevenueGrp/Desc4OR BUS. DEV. DEPT.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013011
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1200000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt222915
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3189842
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt412500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013011
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1200000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt222915
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3189842
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt412500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0195588
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02177
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0202011
IRS990/PYOtherRevenueAmt049630
IRS990/PYProgramServiceRevenueAmt0480853
IRS990/PYRevenuesLessExpensesAmt070063
IRS990/PYSalariesCompEmpBnftPaidAmt0456174
IRS990/PYTotalExpensesAmt0658185
IRS990/PYTotalRevenueAmt0728248
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt048244
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt08652
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04797
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030626
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035423
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04797
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020961
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt035892
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt035892
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt035892
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt035892
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014931
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020961
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020961
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MEMBERS ARE DUES PAYING MEMBERS AND CONSIST OF LOCAL AREA BUSINESSES IN MARION AND POLK COUNTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEDCOR PRESIDENT AND EXECUTIVE BOARD REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0552848
IRS990/TotalAssetsEOYAmt0601092
IRS990/TotalAssetsGrp/BOYAmt0552848
IRS990/TotalAssetsGrp/EOYAmt0601092
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207809
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0654295
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0552848
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0601092
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt022835
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt022835
IRS990/TotalProgramServiceRevenueAmt0461103
IRS990/TotalReportableCompFromOrgAmt0132500
IRS990/TotalRevenueGrp/ExclusionAmt022999
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0471731
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0702539
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0552848
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0601092
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt01821
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0552848
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0601092
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.sedcor.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAD C FREEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STRATEGIC ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION OF THE MID-WILLAMETTE VALLEY
ReturnHeader/Filer/BusinessNameControlTxt0STRA
ReturnHeader/Filer/EIN0930810393
ReturnHeader/Filer/PhoneNum05035886225
ReturnHeader/Filer/USAddress/AddressLine1Txt0626 HIGH STREET NE
ReturnHeader/Filer/USAddress/CityNm0SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.14$0.86$1.22$4.22$3.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.23$0.37$3.87$4.17$1.20$2.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.00$0.90$1.20$1.07$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.00$0.78$1.15$0.96$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.00$0.59$0.66$0.75$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.00$0.70$0.81$0.76$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.00$0.65$0.69$0.65$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.70$0.65$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.00$0.55$0.73$0.66$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.70$0.67$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.45$0.57$0.56$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.44$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.00$0.37$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.59