Civic Intelligence

Kerr-Tar Regional Economic Development Corporation

990 • Fiscal year 2020 • EIN 20-3115014

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 19, 2020

Organization ProfileN/A
1724 Graham Avenue PO Box 709Henderson, NC 27536

(252) 436-2040

Siviq Scores

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

Liabilities / Assets

69th percentile

0.46x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

23.32x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

16th percentile

-14%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

24th percentile

-0.8%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-26%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$13,463,628

Down $102,267 (-0.8%) from 2019

Net Assets

Down

$7,246,945

Down $38,316 (-0.5%) from 2019

Liabilities

Down

$6,216,683

Down $63,951 (-1.0%) from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin16th percentile

Revenue

Down

$266,592

Down $95,814 (-26%) from 2019

Expenses

Down

$304,908

Down $35,219 (-10%) from 2019

Net Income

Down

-$38,316

Down $60,595 (-272%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $15,897,157Liabilities 2011: $14,117,587Net Assets 2011: $1,779,5702011Assets 2012: $15,020,443Liabilities 2012: $13,817,587Net Assets 2012: $1,202,8562012Assets 2013: $13,524,513Liabilities 2013: $12,182,132Net Assets 2013: $1,342,3812013Assets 2014: $13,796,005Liabilities 2014: $12,182,132Net Assets 2014: $1,613,8732014Assets 2015: $13,655,831Liabilities 2015: $12,107,132Net Assets 2015: $1,548,6992015Assets 2016: $13,593,051Liabilities 2016: $12,107,132Net Assets 2016: $1,485,9192016Assets 2017: $13,591,835Liabilities 2017: $12,108,132Net Assets 2017: $1,483,7032017Assets 2018: $13,569,184Liabilities 2018: $6,306,202Net Assets 2018: $7,262,9822018Assets 2019: $13,565,895Liabilities 2019: $6,280,634Net Assets 2019: $7,285,2612019Assets 2020: $13,463,628Liabilities 2020: $6,216,683Net Assets 2020: $7,246,9452020Assets 2021: $13,639,021Liabilities 2021: $6,103,544Net Assets 2021: $7,535,4772021Assets 2022: $13,582,772Liabilities 2022: $6,103,544Net Assets 2022: $7,479,2282022Assets 2023: $13,264,104Liabilities 2023: $5,785,345Net Assets 2023: $7,478,7592023Assets 2024: $13,048,261Liabilities 2024: $5,660,452Net Assets 2024: $7,387,8092024Assets 2025: $5,919,295Liabilities 2025: $3,779,648Net Assets 2025: $2,139,6472025

Highlighted filing

2020

Assets$13,463,628
Liabilities$6,216,683
Net Assets$7,246,945
Open 2020 Filing

Operations Trend

Revenue Growth15th percentile

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $319,855Expenses 2011: $575,063Net Income 2011: -$255,2082011Revenue 2012: $750,847Expenses 2012: $1,327,561Net Income 2012: -$576,7142012Revenue 2013: $1,177,841Expenses 2013: $1,038,316Net Income 2013: $139,5252013Revenue 2014: $1,209,148Expenses 2014: $937,656Net Income 2014: $271,4922014Revenue 2015: $148,787Expenses 2015: $213,961Net Income 2015: -$65,1742015Revenue 2016: $153,807Expenses 2016: $216,587Net Income 2016: -$62,7802016Revenue 2017: $154,911Expenses 2017: $157,127Net Income 2017: -$2,2162017Revenue 2018: $5,947,456Expenses 2018: $168,177Net Income 2018: $5,779,2792018Revenue 2019: $362,406Expenses 2019: $340,127Net Income 2019: $22,2792019Revenue 2020: $266,592Expenses 2020: $304,908Net Income 2020: -$38,3162020Revenue 2021: $591,746Expenses 2021: $303,214Net Income 2021: $288,5322021Revenue 2022: $204,730Expenses 2022: $263,703Net Income 2022: -$58,9732022Revenue 2023: $279,831Expenses 2023: $280,300Net Income 2023: -$4692023Revenue 2024: $303,547Expenses 2024: $394,497Net Income 2024: -$90,9502024Revenue 2025: $452,517Expenses 2025: $5,700,679Net Income 2025: -$5,248,1622025

Highlighted filing

2020

Revenue$266,592
Expenses$304,908
Net Income-$38,316
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 19, 2020
Return Version
2019v5.1
Gross Receipts
$266,592
Mission and Program Overview

Mission

The corporation was formed for the purpose of promoting and supporting economic and community development activities in the following four north carolina counties: franklin, granville, vance and warren.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,083,763$981,496▼ $102,267
Total Assets$13,565,895$13,463,628▼ $102,267
Other Assets Total$12,482,132$12,482,132→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,263,634$6,216,683▼ $46,951
Deferred Revenue$17,000--
Total Liabilities$6,280,634$6,216,683▼ $63,951
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,285,261$7,246,945▼ $38,316
Total Net Assets Fund Balance$7,285,261$7,246,945▼ $38,316
Total Liabilities and Net Assets / Fund Balance$13,565,895$13,463,628▼ $102,267

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$12,482,132--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
David SmithChairman
Dan BrummittVice Chairman
Abdul RasheedBoard Member
Bryan PfohlBoard Member
Danny WrightBoard Member
John AlstonBoard Member
Keith SmithBoard Member
Leslie ScottBoard Member
Marshall TannerBoard Member
Robert FlemingBoard Member
Shane MitchellBoard Member
Tare DavisBoard Member
Sidney DunstonSecretary
Walter PowellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$153,000
Program Service Revenue
$0
Investment Income
$6,768
Other Revenue
$106,824
Change in Net Assets
$-38,316

Audited Revenue Reconciliation

Revenue per Audited Statements
$266,592
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$266,592
Total Revenue per Form 990
$266,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$304,908
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-$8,190-$8,190
Fees for Services Legal$6,451--$6,451
Other Expenses$4,575$56,218-$4,575
All Other Expenses$1,422--$1,422
Conferences and Meetings$635--$635
Office Expenses-$47-$47
Total Functional Expenses$240,453$64,455$0$304,908

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$304,908
Total Expenses per Audited Statements$304,908
Total Expenses per Form 990$304,908
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization has contracted with an outside consulting service to assume the representation and leadership position on behalf of the board of directors and provide administrative oversight of daily operations.”

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

“The organization has no such committees.”

Form 990, Part VI, Section B, Line 11B

“The executive director reviews the form 990 with financial accounting records before filing.”

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

“The "conflict of interest" policy was developed when the corporation was created. All involved are required, by policy, to acknowledge annually. The corporation consistently monitors contracts and pay requests to insure compliance with policy.”

Form 990, Part VI, Section C, Line 19

“All documents are held in the custody of kerr-tar regional cog. Requests for any public information are honored when received in writing.”

Filing and Contact Details

Filer

Filer Name
Kerr-tar Regional Economic
EIN
20-3115014
Phone
2524362040
Address
1724 GRAHAM AVENUE PO BOX 709, HENDERSON, NC 27536

Signing Officer

Name
David Smith
Title
Chairman
Phone
2524362040
Signed
2020-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Smith
Formed
2005
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
William L Stark and Company
Address
POST OFFICE BOX 911, HENDERSON, NC 27536
Preparer
M Curtis Averette Jr
Phone
2524920008
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization has implemented accounting requirements associated with uncertainty in income taxes using provisions of fasb asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of the date of the independent auditor's report, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The corporation's income tax returns for 2016 through 2019 are open for examination by the tax authorities.”

Raw XML AppendixShowing 400 of 431 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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IRS990/OtherRevenueMiscGrp/Desc0TIMBER PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1INCREMENTAL TAX REVENU
IRS990/OtherRevenueMiscGrp/Desc2NON-REFUNDABLE LAND DE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt046951
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt141673
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt217000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt046951
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt141673
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt217000
IRS990/OtherRevenueTotalAmt0106824
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0144000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09026
IRS990/PYOtherExpensesAmt0340127
IRS990/PYOtherRevenueAmt0209380
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt022279
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0340127
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0362406
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-38316
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01083763
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0981496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0153000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0144000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0135000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0144000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0144000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0720000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08326
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09711
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08607
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt042438
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt048151
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt041768
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01200
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01200
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01200
IRS990ScheduleA/OtherIncome170Grp/TotalAmt093519
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84120
IRS990ScheduleA/PublicSupportPY170Pct00.94180
IRS990ScheduleA/PublicSupportTotal170Amt0720000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0153000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0144000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0135000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0144000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0144000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0720000
IRS990ScheduleA/TotalSupportAmt0855957
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0304908
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012482132
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND AND LAND IMPROVEMENTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0266592
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS IMPLEMENTED ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF THE DATE OF THE INDEPENDENT AUDITOR'S REPORT, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION'S INCOME TAX RETURNS FOR 2016 THROUGH 2019 ARE OPEN FOR EXAMINATION BY THE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt012482132
IRS990ScheduleD/TotalExpensesPerForm990Amt0304908
IRS990ScheduleD/TotalRevenuePerForm990Amt0266592
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0266592
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0304908
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH AN OUTSIDE CONSULTING SERVICE TO ASSUME THE REPRESENTATION AND LEADERSHIP POSITION ON BEHALF OF THE BOARD OF DIRECTORS AND PROVIDE ADMINISTRATIVE OVERSIGHT OF DAILY OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 WITH FINANCIAL ACCOUNTING RECORDS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE "CONFLICT OF INTEREST" POLICY WAS DEVELOPED WHEN THE CORPORATION WAS CREATED. ALL INVOLVED ARE REQUIRED, BY POLICY, TO ACKNOWLEDGE ANNUALLY. THE CORPORATION CONSISTENTLY MONITORS CONTRACTS AND PAY REQUESTS TO INSURE COMPLIANCE WITH POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE HELD IN THE CUSTODY OF KERR-TAR REGIONAL COG. REQUESTS FOR ANY PUBLIC INFORMATION ARE HONORED WHEN RECEIVED IN WRITING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013565895
IRS990/TotalAssetsEOYAmt013463628
IRS990/TotalAssetsGrp/BOYAmt013565895
IRS990/TotalAssetsGrp/EOYAmt013463628
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0153000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064455
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0240453
IRS990/TotalFunctionalExpensesGrp/TotalAmt0304908
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06280634
IRS990/TotalLiabilitiesEOYAmt06216683
IRS990/TotalLiabilitiesGrp/BOYAmt06280634
IRS990/TotalLiabilitiesGrp/EOYAmt06216683
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07285261
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07246945
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0240453
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06768
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0106824
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0266592
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013565895
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013463628
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01724 GRAHAM AVENUE PO BOX 709
IRS990/USAddress/CityNm0HENDERSON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027536
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,463,628
Liabilities
$6,216,683
Net assets
$7,246,945
Revenue
$266,592
Expenses
$304,908
Net income
-$38,316
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.92$3.78$2.14$0.45$5.70$5.25
2024Detailed filing. Detailed filing data is available for this year.$13.0$5.66$7.39$0.30$0.39$0.09
2023Detailed filing. Detailed filing data is available for this year.$13.3$5.79$7.48$0.28$0.28$0.00
2022Detailed filing. Detailed filing data is available for this year.$13.6$6.10$7.48$0.20$0.26$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$6.10$7.54$0.59$0.30$0.29
2020Detailed filing. Detailed filing data is available for this year.$13.5$6.22$7.25$0.27$0.30$0.04
2019Detailed filing. Detailed filing data is available for this year.$13.6$6.28$7.29$0.36$0.34$0.02
2018Detailed filing. Detailed filing data is available for this year.$13.6$6.31$7.26$5.95$0.17$5.78
2017Detailed filing. Detailed filing data is available for this year.$13.6$12.1$1.48$0.15$0.16$0.00
2016Detailed filing. Detailed filing data is available for this year.$13.6$12.1$1.49$0.15$0.22$0.06
2015Detailed filing. Detailed filing data is available for this year.$13.7$12.1$1.55$0.15$0.21$0.07
2014Summary only. Only limited summary data is available for this year.$13.8$12.2$1.61$1.21$0.94$0.27
2013Summary only. Only limited summary data is available for this year.$13.5$12.2$1.34$1.18$1.04$0.14
2012Summary only. Only limited summary data is available for this year.$15.0$13.8$1.20$0.75$1.33$0.58
2011Summary only. Only limited summary data is available for this year.$15.9$14.1$1.78$0.32$0.58$0.26