Civic Intelligence

Jacksonville Onslow Economic Development Inc

990 • Fiscal year 2017 • EIN 23-7087200

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 02, 2017

Organization ProfileWWW.JOEDNC.COM
1099 Gum Branch RoadJacksonville, NC 28540

(910) 347-3141

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

8th percentile

-17%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

61st percentile

$85,000

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 30.5% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets25th percentile

Assets

$680,528

No earlier filing loaded for comparison.

Net Assets

$678,508

No earlier filing loaded for comparison.

Liabilities

$2,020

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin8th percentile

Revenue

$278,663

No earlier filing loaded for comparison.

Expenses

$327,294

No earlier filing loaded for comparison.

Net Income

-$48,631

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$800K$600K$400K$200K$0Assets 2017: $680,528Liabilities 2017: $2,020Net Assets 2017: $678,5082017Assets 2021: $11,524Liabilities 2021: $3,657Net Assets 2021: $7,8672021Assets 2022: $92,650Liabilities 2022: $35,946Net Assets 2022: $56,7042022Assets 2023: $89,431Liabilities 2023: $3,788Net Assets 2023: $85,6432023Assets 2024: $61,934Liabilities 2024: $7,069Net Assets 2024: $54,8652024Assets 2025: $179,429Liabilities 2025: $4,902Net Assets 2025: $174,5272025

Highlighted filing

2017

Assets$680,528
Liabilities$2,020
Net Assets$678,508
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2017: $278,663Expenses 2017: $327,294Net Income 2017: -$48,6312017Revenue 2021: $266,917Expenses 2021: $307,386Net Income 2021: -$40,4692021Revenue 2022: $276,531Expenses 2022: $227,693Net Income 2022: $48,8382022Revenue 2023: $256,062Expenses 2023: $227,123Net Income 2023: $28,9392023Revenue 2024: $306,060Expenses 2024: $336,838Net Income 2024: -$30,7782024Revenue 2025: $581,816Expenses 2025: $555,970Net Income 2025: $25,8462025

Highlighted filing

2017

Revenue$278,663
Expenses$327,294
Net Income-$48,631
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$278,663
Mission and Program Overview

Mission

The mission of jacksonville onslow economic development inc. Is to stimulate, encourage and promote economic development in onslow county and its municipalities. We strive to accomplish this through the recruitment of new business and investment, the creation of new jobs and assisting in the retention and expansion of our existing business and industry.

Promote industrial development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$729,693$680,152▼ $49,541
Land, Buildings, and Equipment, Net$1,718$377▼ $1,341
Cash and Non-Interest-Bearing Accounts-$-1-
Total Assets$731,411$680,528▼ $50,883
Liabilities
Other Liabilities$4,272$2,020▼ $2,252
Total Liabilities$4,272$2,020▼ $2,252
Net Assets / Fund Balance
Unrestricted Net Assets$727,139$678,508▼ $48,631
Total Net Assets Fund Balance$727,139$678,508▼ $48,631
Total Liabilities and Net Assets / Fund Balance$731,411$680,528▼ $50,883

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$377$18,023$18,400
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sheila Pierce KnightExecutive CommitteeFT$85,000$85,000

Board Members and Trustees

NameTitle
Ed GarrisChairman
Steve WangerinPast Chairman
Joey CarterVice Chairman
Anita DinglerBoard of Director
Anthony HarveyBoard of Director
Bob DickersonBoard of Director
Brig Gen Thomas WeidleyBoard of Director
Budda HowardBoard of Director
Christopher ClassenBoard of Director
Col Russell BurtonBoard of Director
Dan OliverBoard of Director
David CottonBoard of Director
David HeatherlyBoard of Director
Frank ErwinBoard of Director
Fred BurnsBoard of Director
Gary DanfordBoard of Director
Greg HinesBoard of Director
Harry BrownBoard of Director
Jason McleodBoard of Director
Jeff T ClarkBoard of Director
Laurette LeagonBoard of Director
Lindsay GressBoard of Director
Mat Raymond IiiBoard of Director
Matt RayBoard of Director
Mckinley SmithBoard of Director
Millie ChalkBoard of Director
Pam ThomasBoard of Director
Paul BuchananBoard of Director
Penney B DealBoard of Director
Royce BennettBoard of Director
Sandra FountainBoard of Director
Scott ChadwickBoard of Director
Tom RollinsBoard of Director
Zander GuyBoard of Director
Billy SewellExecutive Committee
Richard WoodruffExecutive Committee
Sammy PhillipsExecutive Committee
Susan EdwardsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$276,542
Program Service Revenue
$0
Investment Income
$2,121
Other Revenue
$0
All Other Contributions
$10,542
Change in Net Assets
$-48,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$194,099
Other Expenses$133,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$85,000--$85,000
Comp Disqual Persons$81,584--$81,584
Advertising$45,454--$45,454
Occupancy$30,000--$30,000
Payroll Taxes$15,565--$15,565
Pension Plan Contributions$11,950--$11,950
Fees for Services Accounting$9,510--$9,510
Office Expenses$4,704--$4,704
Other Expenses$4,670--$4,670
Insurance$4,395--$4,395
Travel$3,339--$3,339
Conferences and Meetings$3,151--$3,151
Depreciation Depletion$1,341--$1,341
All Other Expenses$1,004--$1,004
Total Functional Expenses$327,294$0$0$327,294
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholdings and Credit Card Payable$2,020
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Other officer compensation reviewed
Yes
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 outsources their payroll to an outside accounting firm.”

Form 990, Part VI, Section A, Line 6

“The articles of incorporation one vote for each member who subscirbes or donates to the capital funds of the corporation. These members elect the board of directors on an annual basis.”

Form 990, Part VI, Section A, Line 7A

“Members have the ability to elect board members of the governing body.”

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

“The accounting firm completes the 990 and processes it for mailing. The accounting firm then gives it to the organization and it's governing board to review. If the organization believes the 990 to be completed correctly, it mails it into the irs.”

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

“The board of directors are required to review and discuss the policy annually and sign it.”

Form 990, Part VI, Section B, Line 15

“The board of directors review the compensation of all employees on an annual basis.”

Form 990, Part VI, Section C, Line 19

“The governing documents, form 990 and the financial statements are available for review upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Jacksonville Onslow Economic Development
EIN
23-7087200
Phone
9103473141
Address
1099 GUM BRANCH ROAD, JACKSONVILLE, NC 28540

Signing Officer

Name
Sheila Knight
Title
Executive Director
Phone
9103473141
Signed
2017-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheila Knight
Formed
1970
Legal Domicile
Nc
Voting Board Members
39
Independent Board Members
39
Employees
4
Volunteers
0

Preparer

Firm
Williams Scarborough Smith Gray Llp
Address
PO BOX 5003, JACKSONVILLE, NC 28540-5003
Preparer
Steven N Scarborough CPA
Phone
9104552196
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38BOARD OF DIRECTOR
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IRS990/FSAuditedInd00
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IRS990/GrantsToOrganizationsInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE COMMITTEE OF 100 AND JACKSONVILLE ONSLOW ECONOMIC DEVELOPMENT IS TO STIMULATE, ENCOURAGE AND PROMOTE ECONOMIC DEVELOPMENT IN ONSLOW COUNTY AND ITS MUNICIPALITIES. WE STRIVE TO ACCOMPLISH THIS THROUGH THE RECRUITMENT OF NEW BUSINESS AND INVESTMENT, THE CREATION OF NEW JOBS AND ASSISTING IN THE RETENTION AND EXPANSION OF OUR EXISTING BUSINESS AND INDUSTRY.
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt030000
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IRS990/OfficeExpensesGrp/TotalAmt04704

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$680,528
Liabilities
$2,020
Net assets
$678,508
Revenue
$278,663
Expenses
$327,294
Net income
-$48,631
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.79$0.05$1.75$5.82$5.56$0.26
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.07$0.55$3.06$3.37$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.04$0.86$2.56$2.27$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.36$0.57$2.77$2.28$0.49
2021Detailed filing. Detailed filing data is available for this year.$0.12$0.04$0.08$2.67$3.07$0.40
2017Detailed filing. Detailed filing data is available for this year.$6.81$0.02$6.79$2.79$3.27$0.49