Civic Intelligence

Penick Village Foundation Inc.

990 • Fiscal year 2014 • EIN 20-1055492

Oct 01, 2013 to Sep 30, 2014 • Filed on Jan 27, 2015

500 East Rhode Island Avenue28387

(910) 692-0300

Siviq Scores

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

Liabilities / Assets

31st percentile

0.19x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

27th percentile

0.34x

Higher debt load relative to revenue than 27% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Net Margin

90th percentile

36%

Higher net margin than 90% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

95th percentile

46%

Faster asset growth than 95% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

70%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,038,951

Up $326,653 (+46%) from 2013

Net Assets

Up

$841,651

Up $258,826 (+44%) from 2013

Liabilities

Up

$197,300

Up $67,827 (+52%) from 2013

Revenue

Up

$586,400

Up $241,807 (+70%) from 2013

Expenses

Up

$376,289

Up $76,315 (+25%) from 2013

Net Income

Up

$210,111

Up $165,492 (+371%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $598,759Liabilities 2011: $106,959Net Assets 2011: $491,8002011Assets 2012: $610,593Liabilities 2012: $104,545Net Assets 2012: $506,0482012Assets 2013: $712,298Liabilities 2013: $129,473Net Assets 2013: $582,8252013Assets 2014: $1,038,951Liabilities 2014: $197,300Net Assets 2014: $841,6512014Assets 2015: $1,241,039Liabilities 2015: $238,116Net Assets 2015: $1,002,9232015Assets 2016: $1,509,257Liabilities 2016: $356,312Net Assets 2016: $1,152,9452016Assets 2017: $1,594,769Liabilities 2017: $309,395Net Assets 2017: $1,285,3742017Assets 2018: $1,678,072Liabilities 2018: $255,654Net Assets 2018: $1,422,4182018Assets 2019: $1,836,590Liabilities 2019: $309,707Net Assets 2019: $1,526,8832019Assets 2020: $2,044,527Liabilities 2020: $267,455Net Assets 2020: $1,777,0722020Assets 2021: $2,472,410Liabilities 2021: $310,954Net Assets 2021: $2,161,4562021Assets 2022: $1,996,780Liabilities 2022: $310,935Net Assets 2022: $1,685,8452022Assets 2023: $3,162,560Liabilities 2023: $308,878Net Assets 2023: $2,853,6822023Assets 2024: $3,193,712Liabilities 2024: $357,179Net Assets 2024: $2,836,5332024

Highlighted filing

2014

Assets$1,038,951
Liabilities$197,300
Net Assets$841,651

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $276,4472011Expenses 2012: $542,3902012Revenue 2013: $344,593Expenses 2013: $299,974Net Income 2013: $44,6192013Revenue 2014: $586,400Expenses 2014: $376,289Net Income 2014: $210,1112014Revenue 2015: $552,080Expenses 2015: $239,139Net Income 2015: $312,9412015Revenue 2016: $716,935Expenses 2016: $435,981Net Income 2016: $280,9542016Revenue 2017: $485,109Expenses 2017: $422,746Net Income 2017: $62,3632017Revenue 2018: $860,013Expenses 2018: $722,969Net Income 2018: $137,0442018Revenue 2019: $743,130Expenses 2019: $672,772Net Income 2019: $70,3582019Revenue 2020: $470,075Expenses 2020: $344,665Net Income 2020: $125,4102020Revenue 2021: $528,200Expenses 2021: $344,333Net Income 2021: $183,8672021Revenue 2022: $733,887Expenses 2022: $713,449Net Income 2022: $20,4382022Revenue 2023: $1,792,416Expenses 2023: $761,434Net Income 2023: $1,030,9822023Revenue 2024: $409,111Expenses 2024: $909,616Net Income 2024: -$500,5052024

Highlighted filing

2014

Revenue$586,400
Expenses$376,289
Net Income$210,111
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Jan 27, 2015
Return Version
2013v4.0
Gross Receipts
$862,852
Mission and Program Overview

Mission

Raise and distribute funds to support the charity work, mission and vision of penick village, inc.

To raise and hold funds exclusively for the benefit of, and to carry out benevolent and charitables purposes of, the episcopal home for the ageing in the diocese of north carolina, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$547,249$815,566▲ $268,317
Cash and Non-Interest-Bearing Accounts$129,340$201,868▲ $72,528
Pledges and Grants Receivable$35,709$21,517▼ $14,192
Total Assets$712,298$1,038,951▲ $326,653
Liabilities
Accounts Payable and Accrued Expenses$129,473$197,300▲ $67,827
Total Liabilities$129,473$197,300▲ $67,827
Net Assets / Fund Balance
Unrestricted Net Assets$582,825$841,651▲ $258,826
Total Net Assets Fund Balance$582,825$841,651▲ $258,826
Total Liabilities and Net Assets / Fund Balance$712,298$1,038,951▲ $326,653
Compensation and Service Providers

Board Members and Trustees

NameTitle
Aaron LandryBoard Member
Ann TawsBoard Member
Carol HaneyBoard Member
Elizabeth Norfleet SuggBoard Member
Gary a Krasicky MdBoard Member
Jane LewisBoard Member
Joan WilliamsBoard Member
Joanne KilpatrickBoard Member
Lynne HealyBoard Member
Madeleine KatavolosBoard Member
Margaret PageBoard Member
Mary Ann HalsteadBoard Member
Mary Ann YakelBoard Member
Rev Dr Samuel WalkerBoard Member
Rollis ShawBoard Member
Stephanie HillardBoard Member
William PateBoard Member
Evelyn DempseySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$472,340
Program Service Revenue
$0
Investment Income
$16,649
Other Revenue
$97,411
All Other Contributions
$472,340
Change in Net Assets
$210,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$376,289
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 Service Investment Mgmnt Fees$4,804--$4,804
Other Expenses$575--$575
Total Functional Expenses$376,289$0$0$376,289
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$104,458
Fundraising Direct Expenses$7,047
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$104,458$104,458$7,047$97,411
Total Events$104,458$104,458$7,047$97,411
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The organization provided a copy of the form 990 to all voting members of the board and asked for questions. Form 990 is reviewed in depth by the finance committee which has been appointed by the board of directors for this oversight. The board of directors voted to approve and accept the form 990 as presented.

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

The organization requires the board to annually complete disclosure forms concerning possible conflicts of interest.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at the administration offices.

Filing and Contact Details

Filer

EIN
20-1055492
Phone
9106920300

Signing Officer

Name
Jeffrey I Hutchins
Title
CEO
Phone
9106920433
Signed
2015-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey I Hutchins
Formed
2003
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
70

Preparer

Preparer
Scott Brewer
Phone
9106928555
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035709
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt021517
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JEFFREY I HUTCHINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0324441
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017269
IRS990/PYOtherExpensesAmt0299974
IRS990/PYOtherRevenueAmt02883
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt044619
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0299974
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0344593
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0210111
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0547249
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0815566
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0576798
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0324441
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0544597
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0268793
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0393004
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02107633
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt065364
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017698
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08150
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04858
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0104194
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt065364
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017698
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08150
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0104194
IRS990ScheduleA/InvestmentIncomeCYPct00.04710
IRS990ScheduleA/InvestmentIncomePYPct00.02130
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95290
IRS990ScheduleA/PublicSupportPY509Pct00.97870
IRS990ScheduleA/PublicSupportTotal509Amt02107633
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0576798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0324441
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0544597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0268793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0393004
IRS990ScheduleA/Total509Grp/TotalAmt02107633
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0642162
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0342139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0552721
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0276943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0397862
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02211827
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07047
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0104458
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0104458
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0104458
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0104458
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0ART SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt097411
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07047
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07047
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDED A COPY OF THE FORM 990 TO ALL VOTING MEMBERS OF THE BOARD AND ASKED FOR QUESTIONS. FORM 990 IS REVIEWED IN DEPTH BY THE FINANCE COMMITTEE WHICH HAS BEEN APPOINTED BY THE BOARD OF DIRECTORS FOR THIS OVERSIGHT. THE BOARD OF DIRECTORS VOTED TO APPROVE AND ACCEPT THE FORM 990 AS PRESENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES THE BOARD TO ANNUALLY COMPLETE DISCLOSURE FORMS CONCERNING POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATION OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10THE EPISCOPAL HOME FOR THE AGEING IN THE DIOCESE OF NORTH CAROLINA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560729010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO RAISE AND HOLD FUNDS FOR CHARITABLE PURPOSES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10500 EAST RHODE ISLAND AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0SOUTHERN PINES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode028387
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0576798
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10THE EPISCOPAL HOME FOR THE AGEING IN THE DIOCESE OF NORTH CAROLINA INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.19$0.36$2.84$0.41$0.91$0.50
2023Detailed filing. Detailed filing data is available for this year.$3.16$0.31$2.85$1.79$0.76$1.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.31$1.69$0.73$0.71$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.47$0.31$2.16$0.53$0.34$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.27$1.78$0.47$0.34$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.84$0.31$1.53$0.74$0.67$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.68$0.26$1.42$0.86$0.72$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.59$0.31$1.29$0.49$0.42$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.36$1.15$0.72$0.44$0.28
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.24$1.00$0.55$0.24$0.31
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.20$0.84$0.59$0.38$0.21
2013Summary only. Only limited summary data is available for this year.$0.71$0.13$0.58$0.34$0.30$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.10$0.51$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.11$0.49$0.28