Civic Intelligence

Alamance County Economic Development Foundation

990 • Fiscal year 2015 • EIN 20-2384314

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 07, 2016

Organization ProfileWWW.CHOOSEALAMANCE.COM
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

15th percentile

0.00x

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

2015 filings • NTEE S • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

15th percentile

0.00x

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

2015 filings • NTEE S • $500k-$1M nonprofits • Source year 2015

Net Margin

96th percentile

64%

Higher net margin than 96% of similar nonprofits.

2015 filings • NTEE S • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

41st percentile

$0

Higher top officer pay than 41% of similar nonprofits.

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

2015 filings • NTEE S • $500k-$1M nonprofits • Source year 2015

Asset Growth

88th percentile

39%

Faster asset growth than 88% of similar nonprofits.

2015 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

34th percentile

-3.3%

Faster revenue growth than 34% of similar nonprofits.

2015 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$910,462

Up $256,518 (+39%) from 2014

Net Assets

Up

$910,462

Up $256,518 (+39%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin96th percentile

Revenue

Down

$403,443

Down $13,750 (-3.3%) from 2014

Expenses

Down

$146,925

Down $75,350 (-34%) from 2014

Net Income

Up

$256,518

Up $61,600 (+32%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

2015

Assets$910,462
Liabilities$0
Net Assets$910,462
Open 2015 Filing

Operations Trend

Revenue Growth34th percentile

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

2015

Revenue$403,443
Expenses$146,925
Net Income$256,518
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 7, 2016
Return Version
2015v2.1
Gross Receipts
$403,443
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$653,944$910,462▲ $256,518
Cash and Non-Interest-Bearing Accounts$460,288$715,876▲ $255,588
Savings and Temporary Cash Investments$193,294$193,487▲ $193
Land, Buildings, and Equipment, Net$362$1,099▲ $737
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$653,944$910,462▲ $256,518
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$653,944$910,462▲ $256,518
Total Liabilities and Net Assets / Fund Balance$653,944$910,462▲ $256,518

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,099$4,437$5,536
Compensation and Service Providers
Top Officer Pay41st percentile

Board Members and Trustees

NameTitle
Jeff AndrewsChair
David a Williams IiiPresident
Allen GantDirector
Cindy MontgomeryDirector
Dale GreesonDirector
Ed HooksDirector
Greg LunsfordDirector
Lori SeilerDirector
Ted ChandlerDirector
Tom McgowenDirector
Susan EzekielTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$403,250
Program Service Revenue
$0
Investment Income
$193
Other Revenue
$0
All Other Contributions
$403,250
Change in Net Assets
$256,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$92,473
Other Expenses$44,452
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,809--$72,809
Other Employee Benefits$10,072--$10,072
Grants to Domestic Orgs$10,000--$10,000
Payroll Taxes$5,570--$5,570
Advertising-$5,500-$5,500
Pension Plan Contributions$4,022--$4,022
Fees for Services Accounting-$2,270-$2,270
All Other Expenses$1,295$491-$1,786
Depreciation Depletion-$429-$429
Other Expenses$3,900$200-$200
Total Functional Expenses$107,668$39,257$0$146,925
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 alamance county economic development foundation, david williams, approves the form 990 prior to filing the return with the irs. The current treasurer reports to the board at a regularly scheduled meeting that the form 990 is ready for filing and if anyone has any questions, they will be addressed at this board meeting. The board then approves the form 990 at their next meeting. Once the board approves, 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
EIN
20-2384314
Phone
3362281338
Address
PO BOX 450, BURLINGTON, NC 27216

Signing Officer

Name
David a Williams Iii
Title
President
Phone
3362281338
Signed
2016-03-07
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
Raw XML AppendixShowing 400 of 407 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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0167947
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01678197
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0207
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0367
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0732
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01692
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0367
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0732
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01692
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.36780
IRS990ScheduleA/PublicSupportPY509Pct00.37670
IRS990ScheduleA/PublicSupportTotal509Amt0617897
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0276500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0260000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0215500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0211500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt096800
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01060300
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0403250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0392000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0347000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0368000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0167947
IRS990ScheduleA/Total509Grp/TotalAmt01678197
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0403443
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0392193
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0347207
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0368367
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0168679
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01679889
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/BookValueAmt01099
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04437
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05536
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01099
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OF THE ALAMANCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION, DAVID WILLIAMS, APPROVES THE FORM 990 PRIOR TO FILING THE RETURN WITH THE IRS. THE CURRENT TREASURER REPORTS TO THE BOARD AT A REGULARLY SCHEDULED MEETING THAT THE FORM 990 IS READY FOR FILING AND IF ANYONE HAS ANY QUESTIONS, THEY WILL BE ADDRESSED AT THIS BOARD MEETING. THE BOARD THEN APPROVES THE FORM 990 AT THEIR NEXT MEETING. ONCE THE BOARD APPROVES, 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/TotalAssetsBOYAmt0653944
IRS990/TotalAssetsEOYAmt0910462
IRS990/TotalAssetsGrp/BOYAmt0653944
IRS990/TotalAssetsGrp/EOYAmt0910462
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0403250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039257
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0107668
IRS990/TotalFunctionalExpensesGrp/TotalAmt0146925
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0653944
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0910462
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0107668
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0193
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0403443
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0653944
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0910462
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
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID A WILLIAMS III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03362281338
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALAMANCE COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ALAM
ReturnHeader/Filer/EIN0202384314
ReturnHeader/Filer/PhoneNum03362281338
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 450
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027216
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560587953
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GILLIAM COBLE & MOSER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 621
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BURLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0272160621

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$910,462
Liabilities
$0
Net assets
$910,462
Revenue
$403,443
Expenses
$146,925
Net income
$256,518
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