Civic Intelligence

The Craddock Center Inc

990 • Fiscal year 2020 • EIN 01-0597551

Aug 01, 2019 to Jul 31, 2020 • Filed on Feb 03, 2021

PO Box 69Cherry Log, GA 30522

(706) 632-1772

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

0.06x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

29th percentile

-4.2%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$43,822

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

33rd percentile

0.2%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,193,407

Up $1,980 (+0.2%) from 2019

Net Assets

Down

$1,176,080

Down $12,216 (-1.0%) from 2019

Liabilities

Up

$17,327

Up $14,196 (+453%) from 2019

Revenue

Up

$288,230

Up $38,257 (+15%) from 2019

Expenses

Down

$300,446

Down $31,356 (-9.5%) from 2019

Net Income

Up

-$12,216

Up $69,613 (+85%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $566,342Liabilities 2010: $1,412Net Assets 2010: $564,9302010Assets 2011: $610,283Liabilities 2011: $3,952Net Assets 2011: $606,3312011Assets 2012: $617,517Liabilities 2012: $2,052Net Assets 2012: $615,4652012Assets 2013: $779,342Liabilities 2013: $13,952Net Assets 2013: $765,3902013Assets 2014: $766,639Liabilities 2014: $7,910Net Assets 2014: $758,7302014Assets 2015: $1,083,065Liabilities 2015: $9,151Net Assets 2015: $1,073,9142015Assets 2016: $1,277,901Liabilities 2016: $5,314Net Assets 2016: $1,272,5872016Assets 2017: $1,254,501Liabilities 2017: $5,972Net Assets 2017: $1,248,5292017Assets 2018: $1,268,153Liabilities 2018: $2,726Net Assets 2018: $1,265,4272018Assets 2019: $1,191,427Liabilities 2019: $3,131Net Assets 2019: $1,188,2962019Assets 2020: $1,193,407Liabilities 2020: $17,327Net Assets 2020: $1,176,0802020Assets 2021: $1,523,526Liabilities 2021: $11,732Net Assets 2021: $1,511,7942021Assets 2022: $1,509,929Liabilities 2022: $9,079Net Assets 2022: $1,500,8502022Assets 2023: $1,589,326Liabilities 2023: $13,162Net Assets 2023: $1,576,1642023Assets 2024: $1,842,297Liabilities 2024: $13,018Net Assets 2024: $1,829,2792024Assets 2025: $2,030,019Liabilities 2025: $8,287Net Assets 2025: $2,021,7322025

Highlighted filing

2020

Assets$1,193,407
Liabilities$17,327
Net Assets$1,176,080

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $203,0342010Revenue 2011: $371,196Expenses 2011: $322,161Net Income 2011: $49,0352011Revenue 2012: $305,129Expenses 2012: $295,995Net Income 2012: $9,1342012Revenue 2013: $310,286Expenses 2013: $242,284Net Income 2013: $68,0022013Revenue 2014: $106,714Expenses 2014: $120,389Net Income 2014: -$13,6752014Revenue 2015: $557,263Expenses 2015: $258,057Net Income 2015: $299,2062015Revenue 2016: $480,181Expenses 2016: $280,605Net Income 2016: $199,5762016Revenue 2017: $272,053Expenses 2017: $307,309Net Income 2017: -$35,2562017Revenue 2018: $304,475Expenses 2018: $287,577Net Income 2018: $16,8982018Revenue 2019: $249,973Expenses 2019: $331,802Net Income 2019: -$81,8292019Revenue 2020: $288,230Expenses 2020: $300,446Net Income 2020: -$12,2162020Revenue 2021: $255,763Expenses 2021: $197,650Net Income 2021: $58,1132021Revenue 2022: $316,653Expenses 2022: $259,838Net Income 2022: $56,8152022Revenue 2023: $292,904Expenses 2023: $279,479Net Income 2023: $13,4252023Revenue 2024: $417,453Expenses 2024: $314,512Net Income 2024: $102,9412024Revenue 2025: $414,372Expenses 2025: $338,086Net Income 2025: $76,2862025

Highlighted filing

2020

Revenue$288,230
Expenses$300,446
Net Income-$12,216
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Feb 3, 2021
Return Version
2019v5.1
Gross Receipts
$289,332
Mission and Program Overview

Mission

The Craddock Center serves people of Southern Appalachia, especially preschool children. Our primary program provides storytelling and music to 1240 pre-K and Head Start children, seeking to enhance school readiness and engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$746,715$756,741▲ $10,026
Land, Buildings, and Equipment, Net$335,941$328,462▼ $7,479
Savings and Temporary Cash Investments$63,724$38,807▼ $24,917
Cash and Non-Interest-Bearing Accounts$27,209$32,497▲ $5,288
Accounts Receivable$0$19,343▲ $19,343
Prepaid Expenses and Deferred Charges$4,151$4,972▲ $821
Inventories for Sale or Use$3,187$2,085▼ $1,102
Total Assets$1,191,427$1,193,407▲ $1,980
Other Assets Total$10,500$10,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,131$17,327▲ $14,196
Total Liabilities$3,131$17,327▲ $14,196
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$798,764$751,853▼ $46,911
Net Assets With Donor Restrictions$389,532$424,227▲ $34,695
Total Net Assets Fund Balance$1,188,296$1,176,080▼ $12,216
Total Liabilities and Net Assets / Fund Balance$1,191,427$1,193,407▲ $1,980

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$266,795$57,101-
Other Land Buildings$18,600--
Land$16,876--
Equipment$26,191--
Other Assets Org$10,500--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$746,574$13,563▲ $16,613$20,010$756,740
2018$710,124$0▲ $36,450-$746,574
2017$642,425$3,347▲ $64,352-$710,124
2016$597,444$3,259▲ $41,722-$642,425
2015$576,562$1,000▲ $19,882-$597,444
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Pam ColvinFormer Executive DirectorFT$43,822$43,822

Board Members and Trustees

NameTitle
Rev Bill CrowlPresident
Beth RobertsVice President
Bruce HarkenBoard Member
Caroline CarderBoard Member
Kirk CameronBoard Member
Mark HellmanBoard Member
Milly HastingsBoard Member
Sue HriljacBoard Member
Lynn DossAttorney
Nettie CraddockCo Founder
Diane BalesSecretary
John CraddockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$272,325
Program Service Revenue
$0
Investment Income
$16,560
Other Revenue
$-655
All Other Contributions
$272,325
Change in Net Assets
$-12,216

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded283$13,653Fair Market Value (FMV)
Other Non Cash Contri Table822$12,342Fair Market Value (FMV)
Clothing and Household Goods-$10,300thrift
Other Non Cash Contri Table225$6,320Fair Market Value (FMV)
Books and Publications-$2,327Fair Market Value (FMV)
Total Noncash Contributions1,330$44,942-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$204,799
Other Expenses$95,647
Total Fundraising Expense$23,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,335$28,371$20,717$146,423
All Other Expenses$32,716$12,284$1,275$46,275
Current Officers, Directors, Trustees, and Key Employees$0$43,822$0$43,822
Payroll Taxes$6,750$6,219$1,585$14,554
Depreciation Depletion$2,744$9,777$0$12,521
Insurance$0$12,098$0$12,098
Occupancy$0$9,062$0$9,062
Office Expenses$4,579$1,434$0$6,013
Other Expenses$0$2,655$0$2,655
Advertising$0$763$0$763
Fees for Services Accounting$0$500$0$500
Total Functional Expenses$145,551$131,232$23,663$300,446
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
Yes
Business relationship with 35% controlled entity
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Craddock Center Inc
EIN
01-0597551
Phone
7066321772
Address
PO Box 69, Cherry Log, GA 30522

Signing Officer

Name
Kirk Cameron
Title
Executive Director
Phone
7066321772
Signed
2021-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirk Cameron
Formed
2002
Legal Domicile
Ga
Voting Board Members
12
Independent Board Members
12
Employees
10
Volunteers
20

Preparer

Firm
Rl Jennings and Associates Pc
Address
506 E 3rd St, Rome, GA 30161
Preparer
Richard L Jennings
Phone
7068021945
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

John Craddock is the son of Board Member Nettie Craddock

Pt VI, Line 7A

Per the bylaws, board members have the responsibility and power to elect members of the governing body

Pt VI, Line 11B

Electronic copies of Form 990 are mailed to the board for review prior to filing.

Pt VI, Line 12C

New board members receive and sign the conflict of interest policy during their onboarding session. The conflict of interest policy is reviewed annually by all board members, providing a regular opportunity for reporting and compliance.

Pt VI, Line 15A

Compensation of the executive director and other key employees are determined and approved by the Board of Directors and documented in meeting minutes. The Board ensures that compensation is comparable to similar positions in similar organziations in the area.

Pt VI, Line 15B

See above

Other

While we spent resources planning and preparing, COVID-19 forced our cancellation of Camp Craddock. (Total program expense $3,486.87)

Other

The Story Express visited each of our 64 preschool classrooms three times during the school year, giving away a free book to every student each visit. The Story Express gave away more than 5,000 books, free of charge. (Total program expense $2,813.55)

Form 990, Part III, Line 4D

Other programs administired in carrying out the organizations 6503. 0. 0.

Form 990, Part IX, Line 24E

Food served at functions 1325. 558. 767. 0.

Form 990, Part IX, Line 24E

Miscellaneous 1127. 25. 542. 560.

Form 990, Part IX, Line 24E

Dues and subscriptions 475. 0. 475. 0.

Form 990, Part IX, Line 24E

Office equipment 996. 0. 996. 0.

Form 990, Part IX, Line 24E

Postage and delivery 1861. 0. 1513. 348.

Form 990, Part IX, Line 24E

Repairs and maintenance 4141. 150. 3991. 0.

Form 990, Part IX, Line 24E

Selling expenses 367. 0. 0. 367.

Form 990, Part IX, Line 24E

Children's Enrichment Program 24969. 24969. 0. 0.

Form 990, Part IX, Line 24E

Living Room 6320. 6320. 0. 0.

Form 990, Part IX, Line 24E

Story Express fuel 394. 394. 0. 0.

Form 990, Part IX, Line 24E

Property taxes 88. 0. 88. 0.

Form 990, Part IX, Line 24E

Donations 300. 300. 0. 0.

Form 990, Part IX, Line 24E

Payroll service and QB Cloud hosting 3912. 0. 3912. 0.

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IRS990/Desc0The Children's Enrichment Program (CEP) serves approximately 1,240 children in nine counties across three states. Biweekly or greater music and movement and storytelling lessons are provided completely free of charge to children in head start and pre-k classrooms. This arts enrichement program is vitally important to developing critical thinking skills, school engagement, language development, and pre-emergent literacy skills. Of teachers surveyed, 85% reported an increase in singing and/or use of songs in play, and 71% reported their students had an increased listening span. A majority of teachers reported their students used vocabulary derived from the stories told via CEP in play and writing (65%), in retelling the stories (75%), and in verbalizing their pleasure from hearing the story (79%). The Children's Enrichment Program was temporarily discontinued in March of 2020 due to COVID-19. We hope to resume the program in September of 2021.
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IRS990/MissionDesc0The Craddock Center serves people of Southern Appalachia, especially preschool children. Our primary program provides storytelling and music to 1240 pre-K and Head Start children, seeking to enhance school readiness and engagement.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Living Room is a furniture, mattresses and housewares outreach program stocked wholly from donations from our surrounding community. This outreach of The Craddock Center frew significantly during the 2019 - 2020 year. Our donations grew and so did the numbers of families and individuals who need basic items. During this timeframe we served 108 individuals and families. Used and occasionally new furniture and household items are shared with families who are in crisis, recovering from fire, eviction, mold infestation, or family violence. We often see young families with small children visiting The Living Room in search of very simple items such as a table, a chair, or a set of dishes. The Living Room is open every day for donations and open to families to select their items two days a week.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06739
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IRS990/ProgSrvcAccomActy3Grp/Desc0On the last Saturday in January, The Craddock Center offers Songs & Stories in honor of Helen Lewis. This annual performance includes musicians and storytellers who share the best of Appalachia's unique culture and traditions. In 2020, over 150 people attended a performance by local musicians, Gopher Broke, as well as popular performer and storyteller, Rosie the Riveter. Youth Storyteller who won the 2019 Storytelling Competition in their schools provided an entertaining and engaging evening for us all.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.03$0.01$2.02$0.41$0.34$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.84$0.01$1.83$0.42$0.31$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.59$0.01$1.58$0.29$0.28$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.01$1.50$0.32$0.26$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.52$0.01$1.51$0.26$0.20$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.02$1.18$0.29$0.30$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.25$0.33$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.30$0.29$0.02
2017Summary only. Only limited summary data is available for this year.$1.25$0.01$1.25$0.27$0.31$0.04
2016Summary only. Only limited summary data is available for this year.$1.28$0.01$1.27$0.48$0.28$0.20
2015Summary only. Only limited summary data is available for this year.$1.08$0.01$1.07$0.56$0.26$0.30
2014Summary only. Only limited summary data is available for this year.$0.77$0.01$0.76$0.11$0.12$0.01
2013Summary only. Only limited summary data is available for this year.$0.78$0.01$0.77$0.31$0.24$0.07
2012Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$0.31$0.30$0.01
2011Summary only. Only limited summary data is available for this year.$0.61$0.00$0.61$0.37$0.32$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.56$0.20