Civic Intelligence

Penick Village Foundation Inc.

990 • Fiscal year 2016 • EIN 20-1055492

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 20, 2017

500 East Rhode Island AvenueSouthern Pines, NC 28387

(910) 692-0300

Siviq Scores

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

Liabilities / Assets

34th percentile

0.24x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

33rd percentile

0.50x

Higher debt load relative to revenue than 33% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Net Margin

90th percentile

39%

Higher net margin than 90% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Asset Growth

92nd percentile

22%

Faster asset growth than 92% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

30%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,509,257

Up $268,218 (+22%) from 2015

Net Assets

Up

$1,152,945

Up $150,022 (+15%) from 2015

Liabilities

Up

$356,312

Up $118,196 (+50%) from 2015

Revenue

Up

$716,935

Up $164,855 (+30%) from 2015

Expenses

Up

$435,981

Up $196,842 (+82%) from 2015

Net Income

Down

$280,954

Down $31,987 (-10%) from 2015

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

2016

Assets$1,509,257
Liabilities$356,312
Net Assets$1,152,945

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

2016

Revenue$716,935
Expenses$435,981
Net Income$280,954
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jan 20, 2017
Return Version
2015v3.0
Gross Receipts
$1,847,568
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 charitable purposes of penick village, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$918,246$1,343,767▲ $425,521
Cash and Non-Interest-Bearing Accounts$279,348$91,126▼ $188,222
Pledges and Grants Receivable$43,445$74,364▲ $30,919
Total Assets$1,241,039$1,509,257▲ $268,218
Liabilities
Accounts Payable and Accrued Expenses$238,116$356,312▲ $118,196
Total Liabilities$238,116$356,312▲ $118,196
Net Assets / Fund Balance
Unrestricted Net Assets$1,002,923$1,152,945▲ $150,022
Total Net Assets Fund Balance$1,002,923$1,152,945▲ $150,022
Total Liabilities and Net Assets / Fund Balance$1,241,039$1,509,257▲ $268,218

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,343,767--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michele KaiserPresident
Lydia GillVice President
Bob DarstBoard Member
Carol HaneyBoard Member
Chalk BroughtonBoard Member
Cynthia NorwoodBoard Member
Elizabeth OettingerBoard Member
Gary a Krasicky MdBoard Member
Joan WilliamsBoard Member
Joanne KilpatrickBoard Member
Kay BozarthBoard Member
Keith JunkBoard Member
Rev Dr Samuel WalkerBoard Member
Stephanie HillardBoard Member
William EastmanBoard Member
Edie McwilliamsSecretary
Ed F Soccorso IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$498,537
Program Service Revenue
$0
Investment Income
$229,720
Other Revenue
$-11,322
All Other Contributions
$385,444
Change in Net Assets
$280,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,981
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$3,887--$3,887
Other Expenses$2,307--$2,307
Office Expenses$44--$44
Total Functional Expenses$435,981$0$0$435,981
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,322
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Show$113,093-$11,322-
Total Events$113,093-$11,322$-11,322
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
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The answer to question 8 b is not applicable. The organization does not have committees with authority to act on behalf of the governing body.

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 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 C, Line 19

The organization makes its governing documents and financial statements available to the public upon request at the administration offices.

Filing and Contact Details

Filer

Filer Name
Penick Village Foundation Inc
EIN
20-1055492
Phone
9106920300
Address
500 EAST RHODE ISLAND AVENUE, SOUTHERN PINES, NC 28387

Signing Officer

Name
Jeffrey I Hutchins
Title
Board Member
Phone
9106920433
Signed
2017-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey I Hutchins
Formed
2003
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
65

Preparer

Firm
Dixon Hughes Goodman Llp
Address
130 TURNBERRY WAY, PINEHURST, NC 28374
Preparer
Scott Brewer
Phone
9106928555
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0131143
IRS990/PYOtherExpensesAmt0239139
IRS990/PYOtherRevenueAmt0-101263
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0312941
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0239139
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0552080
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0280954
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0498537
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0522200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0576798
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0324441
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0544597
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02466573
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019127
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021512
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt065364
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt017698
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08124
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0131825
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019127
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021512
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt065364
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017698
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0131825
IRS990ScheduleA/InvestmentIncomeCYPct00.05070
IRS990ScheduleA/InvestmentIncomePYPct00.05130
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94930
IRS990ScheduleA/PublicSupportPY509Pct00.94870
IRS990ScheduleA/PublicSupportTotal509Amt02466573
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0498537
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0522200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0576798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0324441
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0544597
IRS990ScheduleA/Total509Grp/TotalAmt02466573
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0517664
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0543712
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0642162
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0342139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0552721
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02598398
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
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01343767
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt01343767
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0113093
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0113093
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011322
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ART SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0113093
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0113093
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-11322
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011322
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011322
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ANSWER TO QUESTION 8 B IS NOT APPLICABLE. THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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 BOARD OF DIRECTORS FOR THIS OVERSIGHT. THE BOARD OF DIRECTORS VOTED TO APPROVE AND ACCEPT THE FORM 990 AS PRESENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATION OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
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/BusinessNameLine1Txt0PENICK VILLAGE 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/AddressLine1Txt0500 EAST RHODE ISLAND AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SOUTHERN PINES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028387
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0498537
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PENICK VILLAGE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01241039
IRS990/TotalAssetsEOYAmt01509257

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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