Civic Intelligence

Union County Economic Development Growth Enterprise Inc.

990 • Fiscal year 2014 • EIN 20-0533572

Jul 01, 2013 to Jun 30, 2014 • Filed on May 11, 2015

PO Box 29228111

(704) 238-0640

Siviq Scores

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

Liabilities / Assets

51st percentile

0.00x

Higher debt load relative to assets than 51% of similar nonprofits.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

2.62x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-3729%

Higher net margin than 1% of similar nonprofits.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Asset Growth

39th percentile

-1.7%

Faster asset growth than 39% of similar nonprofits.

2014 filings • NTEE S • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Assets

Down

$405,023

Down $6,872 (-1.7%) from 2013

Net Assets

Down

$404,523

Down $7,122 (-1.7%) from 2013

Liabilities

Up

$500

Up $250 (+100%) from 2013

Revenue

Up

$191

Up $1,465 (+115%) from 2013

Expenses

Down

$7,313

Down $219,316 (-97%) from 2013

Net Income

Up

-$7,122

Up $220,781 (+97%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $514,864Liabilities 2011: $13,918Net Assets 2011: $500,9462011Assets 2012: $644,662Liabilities 2012: $5,114Net Assets 2012: $639,5482012Assets 2013: $411,895Liabilities 2013: $250Net Assets 2013: $411,6452013Assets 2014: $405,023Liabilities 2014: $500Net Assets 2014: $404,5232014Assets 2015: $401,603Liabilities 2015: $930Net Assets 2015: $400,6732015Assets 2016: $395,045Liabilities 2016: $0Net Assets 2016: $395,0452016Assets 2017: $7,312Liabilities 2017: $0Net Assets 2017: $7,3122017Assets 2018: $5,042Liabilities 2018: $02018Assets 2019: $4,252Liabilities 2019: $02019Assets 2020: $12,040Liabilities 2020: $0Net Assets 2020: $12,0402020Assets 2021: $49,719Liabilities 2021: $8,553Net Assets 2021: $41,1662021Assets 2022: $62,415Liabilities 2022: $7,925Net Assets 2022: $54,4902022Assets 2023: $128,322Liabilities 2023: $7,925Net Assets 2023: $120,3972023Assets 2024: $104,839Liabilities 2024: $9,485Net Assets 2024: $95,3542024

Highlighted filing

2014

Assets$405,023
Liabilities$500
Net Assets$404,523

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $539,7022011Expenses 2012: $469,3462012Revenue 2013: -$1,274Expenses 2013: $226,629Net Income 2013: -$227,9032013Revenue 2014: $191Expenses 2014: $7,313Net Income 2014: -$7,1222014Revenue 2015: $191Expenses 2015: $4,040Net Income 2015: -$3,8492015Revenue 2016: $192Expenses 2016: $5,820Net Income 2016: -$5,6282016Revenue 2017: $280Expenses 2017: $388,013Net Income 2017: -$387,7332017Revenue 2018: $200Expenses 2018: $2,470Net Income 2018: -$2,2702018Revenue 2019: $6,000Expenses 2019: $6,790Net Income 2019: -$7902019Revenue 2020: $65,394Expenses 2020: $57,606Net Income 2020: $7,7882020Revenue 2021: $45,575Expenses 2021: $16,449Net Income 2021: $29,1262021Revenue 2022: $47,029Expenses 2022: $33,705Net Income 2022: $13,3242022Revenue 2023: $106,005Expenses 2023: $40,098Net Income 2023: $65,9072023Revenue 2024: $73,064Expenses 2024: $98,107Net Income 2024: -$25,0432024

Highlighted filing

2014

Revenue$191
Expenses$7,313
Net Income-$7,122
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 11, 2015
Return Version
2013v4.0
Gross Receipts
$191
Mission and Program Overview

Mission

Provide economic development services in union co, nc

Provide economic development services in union county, nc

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$381,846$382,037▲ $191
Cash and Non-Interest-Bearing Accounts$29,846$22,986▼ $6,860
Prepaid Expenses and Deferred Charges$203--
Total Assets$411,895$405,023▼ $6,872
Liabilities
Accounts Payable and Accrued Expenses$250$500▲ $250
Total Liabilities$250$500▲ $250
Net Assets / Fund Balance
Unrestricted Net Assets$411,645$404,523▼ $7,122
Total Net Assets Fund Balance$411,645$404,523▼ $7,122
Total Liabilities and Net Assets / Fund Balance$411,895$405,023▼ $6,872
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cynthia CotoPesident and CEO
John PetoskeySecretary
Jeffrey YatesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$191
Other Revenue
$0
Change in Net Assets
$-7,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,313
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
Fees for Services Accounting$3,000$3,600-$6,600
Other Expenses-$360-$360
Insurance$353--$353
Total Functional Expenses$3,353$3,960$0$7,313
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 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

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members

Form 990, Part VI, Section A, Line 7A

The members of the organization elect the directors

Form 990, Part VI, Section B, Line 11

The form 990 is provided to the board of directors for review and is approved by the president prior to filing.

Form 990, Part VI, Section B, Line 12C

Policy is consistently monitored through board meetings and a written statement is obtained from each board of director annually.

Form 990, Part VI, Section B, Line 15

Management compensation is reviewed by the executive committee at least once per year. The board of directors has oversight responsibility over the executive committee. Management compensation and benefits are reviewed using independent wage, salary and benefit data available from: the employer's association of the carolinas, the charlotte regional partnership, the international economic development council, the north carolina economic developers association, the north carolina employment security commission and the bureau of labor statistics wage and salary survey. Additional consideration is given to experience, performance and other factors as may be determined by the executive committee and the board of directors. All other positions are reviewed at least once annually by the president of the organization with the advice and counsel of the executive committee and final oversight by the board of directors. Wage, salary and benefits for staff positions are determined using data available from the same resources as the review of management compensation and benefits.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public when a request is received by the organization.

Filing and Contact Details

Filer

EIN
20-0533572
Phone
7042380640

Signing Officer

Name
Cynthia Coto
Title
President
Phone
7042380640
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Coto
Formed
2003
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Preparer
Baxter W Starnes CPA
Phone
7042838189
Raw XML Appendix287 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ORGANIZATION ELECT THE DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND IS APPROVED BY THE PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POLICY IS CONSISTENTLY MONITORED THROUGH BOARD MEETINGS AND A WRITTEN STATEMENT IS OBTAINED FROM EACH BOARD OF DIRECTOR ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE AT LEAST ONCE PER YEAR. THE BOARD OF DIRECTORS HAS OVERSIGHT RESPONSIBILITY OVER THE EXECUTIVE COMMITTEE. MANAGEMENT COMPENSATION AND BENEFITS ARE REVIEWED USING INDEPENDENT WAGE, SALARY AND BENEFIT DATA AVAILABLE FROM: THE EMPLOYER'S ASSOCIATION OF THE CAROLINAS, THE CHARLOTTE REGIONAL PARTNERSHIP, THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL, THE NORTH CAROLINA ECONOMIC DEVELOPERS ASSOCIATION, THE NORTH CAROLINA EMPLOYMENT SECURITY COMMISSION AND THE BUREAU OF LABOR STATISTICS WAGE AND SALARY SURVEY. ADDITIONAL CONSIDERATION IS GIVEN TO EXPERIENCE, PERFORMANCE AND OTHER FACTORS AS MAY BE DETERMINED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. ALL OTHER POSITIONS ARE REVIEWED AT LEAST ONCE ANNUALLY BY THE PRESIDENT OF THE ORGANIZATION WITH THE ADVICE AND COUNSEL OF THE EXECUTIVE COMMITTEE AND FINAL OVERSIGHT BY THE BOARD OF DIRECTORS. WAGE, SALARY AND BENEFITS FOR STAFF POSITIONS ARE DETERMINED USING DATA AVAILABLE FROM THE SAME RESOURCES AS THE REVIEW OF MANAGEMENT COMPENSATION AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC WHEN A REQUEST IS RECEIVED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BAXTER W STARNES CPA
ReturnHeader/ReturnTs02015-05-11T14:06:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
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ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.09$0.95$0.73$0.98$0.25
2023Detailed filing. Detailed filing data is available for this year.$1.28$0.08$1.20$1.06$0.40$0.66
2022Detailed filing. Detailed filing data is available for this year.$0.62$0.08$0.54$0.47$0.34$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.09$0.41$0.46$0.16$0.29
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.65$0.58$0.08
2019Summary only. Only limited summary data is available for this year.$0.04$0.00$0.06$0.07$0.01
2018Summary only. Only limited summary data is available for this year.$0.05$0.00$0.00$0.02$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.00$3.88$3.88
2016Detailed filing. Detailed filing data is available for this year.$3.95$0.00$3.95$0.00$0.06$0.06
2015Detailed filing. Detailed filing data is available for this year.$4.02$0.01$4.01$0.00$0.04$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.05$0.01$4.05$0.00$0.07$0.07
2013Summary only. Only limited summary data is available for this year.$4.12$0.00$4.12$0.01$2.27$2.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.45$0.05$6.40$4.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$0.14$5.01$5.40