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Moberly Area Economic Development Corporation

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$352k (2024)

Expenses
$270k (2024)

Total Assets
$685k (2024)

Total Liabilities
$18.5k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$351,956
Expenses
$270,083
Net Income
$81,873
Net Assets
$666,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,080
5.4%
Program Services $321,000
91.2%
Investment Income $11,791
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $85
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $89,174
33.0%
Professional Fundraising Fees $0
Other Salaries and Wages $39,645
14.7%
Assets/Debt
Total Assets $684,789
Total Liabilities $18,516
Net Assets $666,273
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kaylee Paffrath (President) $89,174 $0 $7,997
Chuck Mckeown (Chairman) $0 $0 $0
Suzi Mcgarvey (Vice Chairma) $0 $0 $0
Jb Waggoner (Member) $0 $0 $0
Ray Stewart (Sec/Treasure) $0 $0 $0
Shane Adrian (Member) $0 $0 $0
John Tracy (Member) $0 $0 $0
Brad Goessling (Member) $0 $0 $0
Meagan Schmitt (Member) $0 $0 $0
Randall Thompson (Member) $0 $0 $0
Cliff Miller (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$375,263
Expenses
$324,122
Net Income
$51,141
Net Assets
$584,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,402
11.3%
Program Services $321,000
85.5%
Investment Income $11,480
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $381
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $95,271
29.4%
Professional Fundraising Fees $0
Other Salaries and Wages $98,602
30.4%
Assets/Debt
Total Assets $594,952
Total Liabilities $10,750
Net Assets $584,202
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Randall Asbury (Past Preside) $95,271 $0 $9,128
Chuck Mckeown (Chairman) $0 $0 $0
Suzi Mcgarvey (Vice Chairma) $0 $0 $0
Jb Waggoner (Member) $0 $0 $0
Ray Stewart (Sec/Treasure) $0 $0 $0
Shane Adrian (Member) $0 $0 $0
John Tracy (Member) $0 $0 $0
Brad Goessling (Member) $0 $0 $0
Brian Crane (Member) $0 $0 $0
Joe Snodgrass (Member) $0 $0 $0
Meagan Schmitt (Member) $0 $0 $0
Kaylee Paffrath (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$551,103
Expenses
$420,074
Net Income
$131,029
Net Assets
$604,727
Notable Sources of Revenue Percent of Total Revenue
Contributions $49,960
9.1%
Program Services $461,750
83.8%
Investment Income $1,420
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $37,973
6.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $106,195
25.3%
Assets/Debt
Total Assets $606,314
Total Liabilities $1,587
Net Assets $604,727
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Randall Asbury (President) $27,229 $0 $817
Chuck Mckeown (Chairman) $0 $0 $0
Suzi Mcgarvey (Vice Chairma) $0 $0 $0
Jb Waggoner (Member) $0 $0 $0
Ray Stewart (Sec/Treasure) $0 $0 $0
Brian Crane (Member) $0 $0 $0
Shane Adrian (Member) $0 $0 $0
John Tracy (Member) $0 $0 $0
Megan Schmitt (Member) $0 $0 $0
Joe Snodgrass (Member) $0 $0 $0
Brad Goessling (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$415,822
Expenses
$360,741
Net Income
$55,081
Net Assets
$473,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $58,154
14.0%
Program Services $341,150
82.0%
Investment Income $1,636
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,882
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $100,317
27.8%
Professional Fundraising Fees $0
Other Salaries and Wages $96,670
26.8%
Assets/Debt
Total Assets $480,372
Total Liabilities $6,674
Net Assets $473,698
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Bugalski (President) $100,317 $0 $9,756
Chuck Mckeown (Vice Chairma) $0 $0 $0
John Truesdell (Member) $0 $0 $0
Jb Waggoner (Chairman) $0 $0 $0
Jeff Lashley (Member) $0 $0 $0
Brian Crane (Member) $0 $0 $0
Rob Cater (Sec/Treasure) $0 $0 $0
Russ Freed (Member) $0 $0 $0
Megan Schmitt (Member) $0 $0 $0
Doug Burnett (Member) $0 $0 $0
Ray Stewart (Member) $0 $0 $0
Shane Adrian (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$511,531
Expenses
$452,037
Net Income
$59,494
Net Assets
$418,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,190
9.8%
Program Services $453,750
88.7%
Investment Income $2,266
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,325
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $92,147
20.4%
Professional Fundraising Fees $0
Other Salaries and Wages $81,853
18.1%
Assets/Debt
Total Assets $420,972
Total Liabilities $2,355
Net Assets $418,617
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Bugalski (President) $92,147 $0 $8,531
Chuck Mckeown (Vice Chairma) $0 $0 $0
John Truesdell (Member) $0 $0 $0
Jb Waggoner (Chairman) $0 $0 $0
Jeff Lashley (Member) $0 $0 $0
Brian Crane (Member) $0 $0 $0
Rob Cater (Sec/Treasure) $0 $0 $0
Russ Freed (Member) $0 $0 $0
Megan Schmitt (Member) $0 $0 $0
Doug Burnett (Member) $0 $0 $0
Ray Stewart (Member) $0 $0 $0
Shane Adrian (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$488,021
Expenses
$344,993
Net Income
$143,028
Net Assets
$359,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $47,415
9.7%
Program Services $431,232
88.4%
Investment Income $163
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,211
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,015
24.1%
Professional Fundraising Fees $0
Other Salaries and Wages $72,046
20.9%
Assets/Debt
Total Assets $359,585
Total Liabilities $462
Net Assets $359,123
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Bugalski (President) $83,015 $0 $8,262
Chuck Mckeown (Member) $0 $0 $0
John Truesdell (Member) $0 $0 $0
Jim Bratcher (Chairman) $0 $0 $0
Joe Snodgrass (Vice Chairma) $0 $0 $0
Jb Waggoner (Secretary/Tr) $0 $0 $0
Neal Minor (Member) $0 $0 $0
Jeff Lashley (Member) $0 $0 $0
Brian Crane (Member) $0 $0 $0
Rob Cater (Member) $0 $0 $0
Russ Freed (Member) $0 $0 $0
Megan Schmitt (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$475,421
Expenses
$527,523
Net Income
-$52,102
Net Assets
$216,095
Notable Sources of Revenue Percent of Total Revenue
Contributions $48,623
10.2%
Program Services $415,605
87.4%
Investment Income $142
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,051
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $131,263
24.9%
Assets/Debt
Total Assets $220,898
Total Liabilities $4,803
Net Assets $216,095
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Corey Mehaffy (President) $152,600 $0 $30,510
Michael Bugalski (President) $0 $0 $0
Dean Miller (Chairman) $0 $0 $0
Jim Bratcher (Vice Chairma) $0 $0 $0
Joe Snodgrass (Secretary/Tr) $0 $0 $0
Jb Waggoner (Member) $0 $0 $0
Neal Minor (Member) $0 $0 $0
Jeff Lashley (Member) $0 $0 $0
Brian Crane (Member) $0 $0 $0
Rob Cater (Member) $0 $0 $0
Russ Freed (Member) $0 $0 $0
Megan Schmitt (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$551,358
Expenses
$473,818
Net Income
$77,540
Net Assets
$268,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,468
13.7%
Program Services $475,110
86.2%
Investment Income $118
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $662
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $136,578
28.8%
Professional Fundraising Fees $0
Other Salaries and Wages $84,703
17.9%
Assets/Debt
Total Assets $268,905
Total Liabilities $708
Net Assets $268,197
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Corey Mehaffy (President) $136,578 $0 $25,431
Les Keleher (Board Chair) $0 $0 $0
Dean Miller (Vice Chairma) $0 $0 $0
Jim Bratcher (Secretary/Tr) $0 $0 $0
Kirk Biere (Member) $0 $0 $0
Neal Minor (Member) $0 $0 $0
Jeff Lashley (Member) $0 $0 $0
Brian Crane (Member) $0 $0 $0
Joe Snodgrass (Member) $0 $0 $0
Rob Cater (Member) $0 $0 $0
Debbie Miller (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$564,611
Expenses
$500,638
Net Income
$63,973
Net Assets
$190,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,626
9.0%
Program Services $510,256
90.4%
Investment Income $108
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,621
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $133,900
26.7%
Professional Fundraising Fees $0
Other Salaries and Wages $79,854
16.0%
Assets/Debt
Total Assets $191,359
Total Liabilities $702
Net Assets $190,657
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Corey Mehaffy (President) $133,900 $0 $15,547
Les Keleher (Chairman Of The Board) $0 $0 $0
Dean Miller (Vice Chairman Of The Board) $0 $0 $0
Jim Bratcher (Secretary/Treasurer) $0 $0 $0
Kirk Biere (Member) $0 $0 $0
Neal Minor (Member) $0 $0 $0
Jeff Lashley (Member) $0 $0 $0
Brian Crane (Member) $0 $0 $0
Joe Snodgrass (Member) $0 $0 $0
Rob Cater (Member) $0 $0 $0
Debbie Miller (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$408,011
Expenses
$397,690
Net Income
$10,321
Net Assets
$126,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $402,788
98.7%
Program Services $5,000
1.2%
Investment Income $71
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $152
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $230,547
58.0%
Assets/Debt
Total Assets $126,684
Total Liabilities $0
Net Assets $126,684

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$429,824
Expenses
$416,641
Net Income
$13,183
Net Assets
$116,363
Notable Sources of Revenue Percent of Total Revenue
Contributions $409,774
95.3%
Program Services $5,990
1.4%
Investment Income $81
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,979
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $248,047
59.5%
Assets/Debt
Total Assets $116,413
Total Liabilities $50
Net Assets $116,363

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$501,772
Expenses
$423,706
Net Income
$78,066
Net Assets
$103,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $496,206
98.9%
Program Services $5,200
1.0%
Investment Income $76
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $290
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $221,282
52.2%
Assets/Debt
Total Assets $108,356
Total Liabilities $5,176
Net Assets $103,180

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$440,780
Expenses
$394,407
Net Income
$46,373
Net Assets
$25,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $419,710
95.2%
Program Services $8,691
2.0%
Investment Income $1,657
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,722
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $210,794
53.4%
Assets/Debt
Total Assets $69,574
Total Liabilities $44,460
Net Assets $25,114

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$533,711
Expenses
$442,951
Net Income
$90,760
Net Assets
$866,629
Notable Sources of Revenue Percent of Total Revenue
Contributions $487,801
91.4%
Program Services $41,594
7.8%
Investment Income $4,181
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $135
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $194,419
43.9%
Assets/Debt
Total Assets $974,366
Total Liabilities $107,737
Net Assets $866,629

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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