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Morgan County Economic Development Board Inc

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.

Summary charts: organization finances over time

Revenue
$492k (2023)

Expenses
$330k (2023)

Total Assets
$6.81M (2023)

Total Liabilities
$2.32M (2023)

Source: Form 990 tax filings from 2011 to 2023

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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$492,179
Expenses
$329,872
Net Income
$162,307
Net Assets
$4,489,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,000
6.1%
Program Services $406,696
82.6%
Investment Income $73,378
14.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$17,895
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $72,147
21.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,806,877
Total Liabilities $2,317,864
Net Assets $4,489,013
Compensation
Key Employees and Officers Compensation Related Other
Lisa Collett (Executive Di) $52,257 $0 $0
Kelly Amonett (Board Member) $1,600 $0 $0
Larry Williams (Vice Chairma) $1,550 $0 $0
Tim Johnson (Treasurer) $1,500 $0 $0
Alfred Branim (Chairman) $850 $0 $0
Janett Galloway (Board Member) $300 $0 $0
Ray Tucker (Board Member) $250 $0 $0
Carla Larue (Board Member) $225 $0 $0
Dolman Roberts (Board Member) $200 $0 $0
Danny Cox (Board Member) $150 $0 $0
Jonathan Dagley (Board Member) $50 $0 $0
Aaron Freels (Board Member) $50 $0 $0
Michelle Cagley (Secretary) $0 $0 $0
C A Kelly (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$676,763
Expenses
$636,350
Net Income
$40,413
Net Assets
$4,326,706
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $701,389
> 100%
Investment Income $228,253
33.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$252,879
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $75,191
11.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,047,109
Total Liabilities $2,720,403
Net Assets $4,326,706
Compensation
Key Employees and Officers Compensation Related Other
Lisa Collett (Executive Di) $55,488 $0 $7,928
Jim Rivers (Secretary) $2,200 $0 $0
Larry Williams (Vice Chairma) $2,150 $0 $0
Kelly Amonett (Board Member) $2,050 $0 $0
Tim Johnson (Board Member) $1,600 $0 $0
Alfred Branim (Chairman) $550 $0 $0
Sarah Jo Goodman (Treasurer) $500 $0 $0
Janett Galloway (Board Member) $400 $0 $0
Dolman Roberts (Board Member) $275 $0 $0
Ray Tucker (Board Member) $250 $0 $0
Carla Larue (Board Member) $100 $0 $0
Danny Cox (Board Member) $75 $0 $0
Aaron Freels (Board Member) $50 $0 $0
Jonathan Dagley (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,060,602
Expenses
$646,397
Net Income
$414,205
Net Assets
$4,286,293
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,450
0.3%
Program Services $1,054,648
99.4%
Investment Income $2,504
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $69,034
10.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,524,921
Total Liabilities $4,238,628
Net Assets $4,286,293
Compensation
Key Employees and Officers Compensation Related Other
Lisa Collett (Executive Di) $49,132 $0 $7,719
Larry Williams (Vice Chairma) $2,150 $0 $0
Jim Rivers (Secretary) $1,800 $0 $0
Kelly Amonett (Board Member) $1,775 $0 $0
Tim Johnson (Board Member) $1,250 $0 $0
Janett Galloway (Board Member) $1,000 $0 $0
Dolman Roberts (Board Member) $1,000 $0 $0
Alfred Branim (Chairman) $850 $0 $0
Sarah Jo Goodman (Treasurer) $650 $0 $0
Carla Larue (Board Member) $225 $0 $0
Ray Tucker (Board Member) $200 $0 $0
Danny Cox (Board Member) $100 $0 $0
Aaron Freels (Board Member) $100 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,024,367
Expenses
$620,376
Net Income
$403,991
Net Assets
$3,872,088
Notable Sources of Revenue Percent of Total Revenue
Contributions $83,041
8.1%
Program Services $931,825
91.0%
Investment Income $9,501
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $66,710
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,190,516
Total Liabilities $4,318,428
Net Assets $3,872,088
Compensation
Key Employees and Officers Compensation Related Other
Lisa Collett (Executive Di) $46,785 $0 $7,785
Jim Rivers (Secretary) $1,850 $0 $0
Kelly Amonett (Board Member) $1,850 $0 $0
Larry Williams (Vice Chairma) $1,750 $0 $0
Tim Johnson (Board Member) $1,750 $0 $0
Sarah Jo Goodman (Treasurer) $600 $0 $0
Janett Galloway (Board Member) $450 $0 $0
Jean Pollard (Board Member) $325 $0 $0
Dolman Roberts (Board Member) $325 $0 $0
Ray Tucker (Board Member) $300 $0 $0
Carla Larue (Board Member) $250 $0 $0
Danny Cox (Board Member) $200 $0 $0
Aaron Freels (Board Member) $200 $0 $0
Alfred Branim (Chairman) $175 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$745,756
Expenses
$643,399
Net Income
$102,357
Net Assets
$3,647,603
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $703,983
94.4%
Investment Income $41,773
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $55,667
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,897,974
Total Liabilities $4,250,371
Net Assets $3,647,603
Compensation
Key Employees and Officers Compensation Related Other
Lisa Collett (Executive Di) $47,065 $0 $7,790
Kelly Amonet (Board Member) $1,942 $0 $0
Jim Rivers (Secretary) $1,917 $0 $0
Tim Johnson (Board Member) $1,853 $0 $0
Larry Williams (Vice Chairma) $1,802 $0 $0
Sarah Jo Goodman (Treasurer) $600 $0 $0
Janett Galloway (Board Member) $450 $0 $0
Jean Pollard (Board Member) $325 $0 $0
Dolman Roberts (Board Member) $325 $0 $0
Ray Tucker (Board Member) $300 $0 $0
Carla Larue (Board Member) $250 $0 $0
Danny Cox (Board Member) $200 $0 $0
Aaron Freels (Board Member) $200 $0 $0
Alfred Branim (Chairman) $175 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,476,311
Expenses
$253,539
Net Income
$1,222,772
Net Assets
$3,095,511
Notable Sources of Revenue Percent of Total Revenue
Contributions $444,988
30.1%
Program Services $1,016,916
68.9%
Investment Income $14,407
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $51,194
20.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,212,928
Total Liabilities $4,117,417
Net Assets $3,095,511
Compensation
Key Employees and Officers Compensation Related Other
Lisa Collett (Executive Di) $42,719 $0 $7,800
Tim Johnson (Chair) $1,900 $0 $0
James R Rivers (Board Member) $1,750 $0 $0
Larry Williams (Vice Chair) $1,250 $0 $0
Kelly Amonett (Member At La) $975 $0 $0
Sara Jo Goodman (Treasurer) $950 $0 $0
Dolman Roberts (Board Member) $600 $0 $0
Janet Galloway (Board Member) $325 $0 $0
Jean Pollard (Board Member) $300 $0 $0
Ray Tucker (Board Member) $300 $0 $0
Danny Cox (Board Member) $125 $0 $0
Benny Stewart (Board Member) $0 $0 $0
Wade Adcock (Board Member) $0 $0 $0
Sharon Heidel (Board Member) $0 $0 $0
George Mcgrath (Board Member) $0 $0 $0
Aaron Freels (Board Member) $0 $0 $0
Carla Larue (Board Member) $0 $0 $0
Allen Dagley (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$448,381
Expenses
$194,916
Net Income
$253,465
Net Assets
$1,872,739
Notable Sources of Revenue Percent of Total Revenue
Contributions $285,211
63.6%
Program Services $201,725
45.0%
Investment Income $3,422
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$41,977
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $47,493
24.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,974,384
Total Liabilities $1,101,645
Net Assets $1,872,739
Compensation
Key Employees and Officers Compensation Related Other
Lisa Collett (Executive Di) $42,918 $0 $7,800
Tim Johnson (Chair) $850 $0 $0
Sara Jo Goodman (Treasurer) $750 $0 $0
Janet Galloway (Board Member) $550 $0 $0
Kelly Amonett (Member At La) $375 $0 $0
Dolman Roberts (Board Member) $350 $0 $0
Jim Rivers (Secretary) $350 $0 $0
Ray Tucker (Board Member) $300 $0 $0
Jean Pollard (Board Member) $275 $0 $0
Larry Williams (Vice Chair) $250 $0 $0
Allen Dagley (Board Member) $250 $0 $0
Danny Cox (Board Member) $175 $0 $0
George Mcgrath (Former Board) $100 $0 $0
Benny Stewart (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,446,869
Expenses
$1,310,303
Net Income
$136,566
Net Assets
$1,601,514
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,246,687
86.2%
Program Services $191,003
13.2%
Investment Income $9,179
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $44,933
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,956,795
Total Liabilities $355,281
Net Assets $1,601,514
Compensation
Key Employees and Officers Compensation Related Other
Lisa Collett (Executive Di) $41,608 $0 $0
Sharon Heidle (Board Member) $600 $0 $0
Tim Johnson (Chair) $500 $0 $0
Jean Pollard (Board Member) $275 $0 $0
Wade Adcock (Board Member) $275 $0 $0
Larry Williams (Board Member) $250 $0 $0
Kelly Amonett (Member At La) $250 $0 $0
Ray Tucker (Board Member) $225 $0 $0
Dolman Roberts (Board Member) $200 $0 $0
Sara Jo Goodman (Treasurer) $200 $0 $0
George Mcgrath (Board Member) $200 $0 $0
Danny Cox (Board Member) $175 $0 $0
Janet Galloway (Vice Chair) $175 $0 $0
Benny Stewart (Board Member) $0 $0 $0
Jim Rivers (Board Member) $0 $0 $0
Allen Dagley (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$509,602
Expenses
$667,446
Net Income
-$157,844
Net Assets
$1,464,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $312,361
61.3%
Program Services $186,334
36.6%
Investment Income $297
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,610
2.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $50,508
7.6%
Assets/Debt
Total Assets $1,869,286
Total Liabilities $404,339
Net Assets $1,464,947
Compensation
Key Employees and Officers Compensation Related Other
Lisa Rutherford (Executive Di) $39,450 $0 $0
Dolman Roberts (Director) $0 $0 $0
Danny Cox (Director) $0 $0 $0
Tim Johnson (Chair) $0 $0 $0
Sharon Heidle (Secretary) $0 $0 $0
Sara Jo Goodman (Director) $0 $0 $0
Benny Stewart (Director) $0 $0 $0
Larry Williams (Director) $0 $0 $0
George Mcgrath (Treasurer) $0 $0 $0
Janet Galloway (Vice Chair) $0 $0 $0
Kelly Amonett (Director) $0 $0 $0
Jean Pollard (Director) $0 $0 $0
Wade Adcock (Director) $0 $0 $0
Ray Tucker (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$343,572
Expenses
$268,419
Net Income
$75,153
Net Assets
$1,622,793
Notable Sources of Revenue Percent of Total Revenue
Contributions $117,900
34.3%
Program Services $225,252
65.6%
Investment Income $420
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $41,856
15.6%
Assets/Debt
Total Assets $2,073,763
Total Liabilities $450,970
Net Assets $1,622,793
Compensation
Key Employees and Officers Compensation Related Other
Lisa Rutherford (Executive Di) $31,300 $0 $0
Dolman Roberts (Director) $0 $0 $0
Danny Cox (Director) $0 $0 $0
Tim Johnson (Chair) $0 $0 $0
Sharon Heidle (Secretary) $0 $0 $0
Sara Jo Goodman (Director) $0 $0 $0
Benny Stewart (Director) $0 $0 $0
Larry Williams (Director) $0 $0 $0
George Mcgrath (Treasurer) $0 $0 $0
Janet Galloway (Director) $0 $0 $0
Kelly Amonett (Director) $0 $0 $0
Jean Pollard (Director) $0 $0 $0
Wade Adcock (Vice Chair) $0 $0 $0
Ray Tucker (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$236,063
Expenses
$168,433
Net Income
$67,630
Net Assets
$1,547,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $234,831
99.5%
Investment Income $1,232
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $37,675
22.4%
Assets/Debt
Total Assets $2,042,650
Total Liabilities $495,010
Net Assets $1,547,640

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$243,932
Expenses
$246,355
Net Income
-$2,423
Net Assets
$1,480,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,000
10.2%
Program Services $216,248
88.7%
Investment Income $2,684
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $70,642
28.7%
Assets/Debt
Total Assets $2,017,408
Total Liabilities $537,395
Net Assets $1,480,013

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$287,585
Expenses
$197,122
Net Income
$90,463
Net Assets
$1,482,436
Notable Sources of Revenue Percent of Total Revenue
Contributions $66,498
23.1%
Program Services $217,498
75.6%
Investment Income $3,589
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,060,345
Total Liabilities $577,909
Net Assets $1,482,436

Document Links

Fiscal Year Ending June
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 June
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 June
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 June
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 June
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

About 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.

Which Organizations Are Here?

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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