Civic Intelligence

Alamance County Economic Development Foundation

990 • Fiscal year 2014 • EIN 20-2384314

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 13, 2015

PO Box 450Burlington, NC 27216

(336) 228-1338

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE S • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE S • $500k-$1M nonprofits • Source year 2014

Net Margin

92nd percentile

47%

Higher net margin than 92% of similar nonprofits.

2014 filings • NTEE S • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2014 filings • NTEE S • $500k-$1M nonprofits • Source year 2014

Asset Growth

83rd percentile

42%

Faster asset growth than 83% of similar nonprofits.

2014 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

27th percentile

-6.2%

Faster revenue growth than 27% of similar nonprofits.

2014 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$653,944

Up $194,918 (+42%) from 2013

Net Assets

Up

$653,944

Up $194,918 (+42%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$417,193

Down $27,694 (-6.2%) from 2013

Expenses

Down

$222,275

Down $92,701 (-29%) from 2013

Net Income

Up

$194,918

Up $65,007 (+50%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $306,316Liabilities 2010: $0Net Assets 2010: $306,3162010Assets 2011: $207,331Liabilities 2011: $0Net Assets 2011: $207,3312011Assets 2012: $329,115Liabilities 2012: $0Net Assets 2012: $329,1152012Assets 2013: $459,026Liabilities 2013: $0Net Assets 2013: $459,0262013Assets 2014: $653,944Liabilities 2014: $0Net Assets 2014: $653,9442014Assets 2015: $910,462Liabilities 2015: $0Net Assets 2015: $910,4622015Assets 2016: $874,445Liabilities 2016: $0Net Assets 2016: $874,4452016Assets 2017: $904,727Liabilities 2017: $0Net Assets 2017: $904,7272017Assets 2018: $1,085,992Liabilities 2018: $0Net Assets 2018: $1,085,9922018Assets 2019: $1,190,638Liabilities 2019: $0Net Assets 2019: $1,190,6382019Assets 2020: $1,293,689Liabilities 2020: $0Net Assets 2020: $1,293,6892020Assets 2021: $1,355,130Liabilities 2021: $0Net Assets 2021: $1,355,1302021Assets 2022: $1,452,224Liabilities 2022: $0Net Assets 2022: $1,452,2242022Assets 2023: $1,454,659Liabilities 2023: $0Net Assets 2023: $1,454,6592023Assets 2024: $1,482,470Liabilities 2024: $0Net Assets 2024: $1,482,4702024

Highlighted filing

2014

Assets$653,944
Liabilities$0
Net Assets$653,944

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $131,475Expenses 2010: $150,777Net Income 2010: -$19,3022010Revenue 2011: $168,679Expenses 2011: $267,664Net Income 2011: -$98,9852011Expenses 2012: $246,5832012Revenue 2013: $444,887Expenses 2013: $314,976Net Income 2013: $129,9112013Revenue 2014: $417,193Expenses 2014: $222,275Net Income 2014: $194,9182014Revenue 2015: $403,443Expenses 2015: $146,925Net Income 2015: $256,5182015Revenue 2016: $310,444Expenses 2016: $346,461Net Income 2016: -$36,0172016Revenue 2017: $536,444Expenses 2017: $506,162Net Income 2017: $30,2822017Revenue 2018: $428,719Expenses 2018: $247,454Net Income 2018: $181,2652018Revenue 2019: $387,948Expenses 2019: $283,302Net Income 2019: $104,6462019Revenue 2020: $391,475Expenses 2020: $288,424Net Income 2020: $103,0512020Revenue 2021: $415,570Expenses 2021: $354,129Net Income 2021: $61,4412021Revenue 2022: $569,833Expenses 2022: $472,739Net Income 2022: $97,0942022Revenue 2023: $400,737Expenses 2023: $398,302Net Income 2023: $2,4352023Revenue 2024: $375,751Expenses 2024: $370,701Net Income 2024: $5,0502024

Highlighted filing

2014

Revenue$417,193
Expenses$222,275
Net Income$194,918
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 13, 2015
Return Version
2014v5.0
Gross Receipts
$417,193
Mission and Program Overview

Mission

The mission of the foundation is to enhance the welfare of business and to promote and stimulate economic vitality in the alamance county area for the benefit of its members and the community.

To expand economic development efforts in alamance county, north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$459,026$653,944▲ $194,918
Cash and Non-Interest-Bearing Accounts$265,322$460,288▲ $194,966
Savings and Temporary Cash Investments$193,100$193,294▲ $194
Land, Buildings, and Equipment, Net$604$362▼ $242
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$459,026$653,944▲ $194,918
Liabilities
Deferred Revenue-$0-
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$459,026$653,944▲ $194,918
Total Liabilities and Net Assets / Fund Balance$459,026$653,944▲ $194,918

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$362$4,008$4,370
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cindy MontgomeryChairman
David a Williams IiiPresident
Allen GantDirector
Ed HooksDirector
Greg LunsfordDirector
Jeff AndrewsDirector
Keith StricklandDirector
Paul KoontsDirector
Ted ChandlerDirector
Tom McgowenEx-officio Member
Susan EzekielTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$392,000
Program Service Revenue
$0
Investment Income
$193
Other Revenue
$25,000
All Other Contributions
$392,000
Change in Net Assets
$194,918
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$107,500
Salaries, Compensation, and Employee Benefits$79,570
Other Expenses$35,205
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$107,500--$107,500
Other Salaries and Wages$66,927--$66,927
Other Employee Benefits$9,291--$9,291
Advertising-$5,215-$5,215
Pension Plan Contributions$3,352--$3,352
Fees for Services Accounting-$2,285-$2,285
All Other Expenses$763--$763
Depreciation Depletion-$241-$241
Other Expenses$551$200-$200
Office Expenses-$59-$59
Total Functional Expenses$188,384$33,891$0$222,275
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of MebaneMebane, NC170(c)(1)Support Construction of Rail for Cambro Facility.$100,000
Randolph County Economic Development CorporationAsheboro, NC501(c)(6)Support Kayser-roth Expansion.$7,500
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
No
Other officer compensation reviewed
No
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 B, Line 11

The president of the chamber, david williams, has approved the form 990 prior to filing the return with the irs. The current treasurer will report to the board at their monthly meeting in february that the form 990 is ready for filing and if anyone has any questions, they will be addressed at this board meeting. The board will then approve the form 990 at their next meeting. Once approved, the form 990 will be filed with the irs.

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

Each employee is required to sign a conflict of interest policy document annually.

Form 990, Part VI, Section C, Line 19

All governing documents, the conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Alamance County Economic Development Foundation
EIN
20-2384314
Phone
3362281338
Address
PO BOX 450, BURLINGTON, NC 27216

Signing Officer

Name
David a Williams Iii
Title
President
Phone
3362281338
Signed
2015-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David a Williams Iii
Formed
2005
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
11

Preparer

Firm
Gilliam Coble & Moser Llp
Address
PO BOX 621, BURLINGTON, NC 27216-0621
Preparer
J Bradley Moser
Phone
3362276283
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0347000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0368000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0167947
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0131065
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01406012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0207
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0367
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0732
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0410
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01909
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0367
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0732
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0410
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01909
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00190
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.37670
IRS990ScheduleA/PublicSupportPY509Pct00.39100
IRS990ScheduleA/PublicSupportTotal509Amt0530412
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0260000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0215500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0211500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt096800
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt091800
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0875600
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0392000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0347000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0368000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0167947
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0131065
IRS990ScheduleA/Total509Grp/TotalAmt01406012
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0392193
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0347207
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0368367
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0168679
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0131475
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01407921
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/EquipmentGrp/BookValueAmt0362
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04008
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04370
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0362
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/CashGrantAmt17500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(C)(1)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(6)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT CONSTRUCTION OF RAIL FOR CAMBRO FACILITY.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT KAYSER-ROTH EXPANSION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF MEBANE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1RANDOLPH COUNTY ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0566001286
IRS990ScheduleI/RecipientTable/RecipientEIN1561458493
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0106 E WASHINGTON STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1145-A WORTH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MEBANE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ASHEBORO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027302
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd127204
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OF THE CHAMBER, DAVID WILLIAMS, HAS APPROVED THE FORM 990 PRIOR TO FILING THE RETURN WITH THE IRS. THE CURRENT TREASURER WILL REPORT TO THE BOARD AT THEIR MONTHLY MEETING IN FEBRUARY THAT THE FORM 990 IS READY FOR FILING AND IF ANYONE HAS ANY QUESTIONS, THEY WILL BE ADDRESSED AT THIS BOARD MEETING. THE BOARD WILL THEN APPROVE THE FORM 990 AT THEIR NEXT MEETING. ONCE APPROVED, THE FORM 990 WILL BE FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH EMPLOYEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY DOCUMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0459026
IRS990/TotalAssetsEOYAmt0653944
IRS990/TotalAssetsGrp/BOYAmt0459026
IRS990/TotalAssetsGrp/EOYAmt0653944
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0392000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033891
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0188384
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222275
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0459026
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0653944
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0188384
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025193
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0417193
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0459026
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0653944
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 450
IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027216
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.CHOOSEALAMANCE.COM

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.38$0.37$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.40$0.40$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.57$0.47$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.42$0.35$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.39$0.29$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.39$0.28$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.43$0.25$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.54$0.51$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.31$0.35$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.40$0.15$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.42$0.22$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.44$0.31$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.00$0.21$0.17$0.27$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.13$0.15$0.02