Civic Intelligence

Twenty First Business Assn Ta Ghent Business Association

990EZ • Fiscal year 2014 • EIN 23-7408536

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 22, 2015

PO Box 1037Norfolk, VA 23501-1037

(757) 622-2892

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.26x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.10x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

45th percentile

1.0%

Higher net margin than 45% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

21st percentile

-13%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

64th percentile

8.0%

Faster revenue growth than 64% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$41,189

Down $6,263 (-13%) from 2013

Net Assets

Up

$30,624

Up $1,013 (+3.4%) from 2013

Liabilities

Down

$10,565

Down $7,276 (-41%) from 2013

Revenue

Up

$100,635

Up $7,414 (+8.0%) from 2013

Expenses

Up

$99,622

Up $8,543 (+9.4%) from 2013

Net Income

Down

$1,013

Down $1,129 (-53%) from 2013

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2012: $52,414Liabilities 2012: $24,945Net Assets 2012: $27,4692012Assets 2013: $47,452Liabilities 2013: $17,841Net Assets 2013: $29,6112013Assets 2014: $41,189Liabilities 2014: $10,565Net Assets 2014: $30,6242014Assets 2015: $21,487Liabilities 2015: $3,810Net Assets 2015: $17,6772015Assets 2016: $47,201Liabilities 2016: $12,985Net Assets 2016: $34,2162016Assets 2017: $49,404Liabilities 2017: $10,650Net Assets 2017: $38,7542017Assets 2018: $54,546Liabilities 2018: $12,225Net Assets 2018: $42,3212018Assets 2019: $44,120Liabilities 2019: $12,075Net Assets 2019: $32,0452019Assets 2020: $46,877Liabilities 2020: $10,125Net Assets 2020: $36,7522020Assets 2021: $47,421Liabilities 2021: $12,400Net Assets 2021: $35,0212021

Highlighted filing

2014

Assets$41,189
Liabilities$10,565
Net Assets$30,624

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2012: $92,100Expenses 2012: $84,804Net Income 2012: $7,2962012Revenue 2013: $93,221Expenses 2013: $91,079Net Income 2013: $2,1422013Revenue 2014: $100,635Expenses 2014: $99,622Net Income 2014: $1,0132014Revenue 2015: $103,784Expenses 2015: $116,731Net Income 2015: -$12,9472015Revenue 2016: $126,908Expenses 2016: $110,369Net Income 2016: $16,5392016Revenue 2017: $48,282Expenses 2017: $43,744Net Income 2017: $4,5382017Revenue 2018: $44,287Expenses 2018: $40,720Net Income 2018: $3,5672018Revenue 2019: $37,778Expenses 2019: $48,054Net Income 2019: -$10,2762019Revenue 2020: $35,183Expenses 2020: $30,476Net Income 2020: $4,7072020Revenue 2021: $38,793Expenses 2021: $40,524Net Income 2021: -$1,7312021

Highlighted filing

2014

Revenue$100,635
Expenses$99,622
Net Income$1,013
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 22, 2015
Return Version
2014v5.0
Gross Receipts
$119,905
Mission and Program Overview

Mission

Area business association that improves the general business area, and provides joint advertising and promotional opportunities for members. Association also works with local and regional governmental and private organizations to foster growth and awareness of our business area.

Program Services

DescriptionGrantsExpenses
PROVIDED VARIOUS COOPERATIVE ADVERTISING OPPORTUNITIES FOR THE MEMBERS OF THE ORGANIZATION. PROMOTED THE GENERAL BUSINESS AREA. WORKED WITH THE LOCAL GOVERNMENTAL AUTHORITIES TO DEVELOPE AND PROMOTE THE BUSINESS AREA.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TED BAKERDirector-$0--
ELYSE BROWNTreasurer-$0--
GABE CHRISTENSENDirector-$0--
NORMA DOREYDirector-$0--
TASO EMMANUELIDISDirector-$0--
TED ENRIGHTDirector-$0--
NANCY GLASSMANDirector-$0--
ASHLEY HERBERTDirector-$0--
IAN HOLDERPresident-$0--
CLAUS IHLEMANNDirector-$0--
KELLY JOHNSONV/P-$0--
DOUG KNACKDirector-$0--
RICHARD LEVINDirector-$0--
JEFF MAISEYDirector-$0--
JENNIFER MCDONALDDirector-$0--
DAVE MCDONALDDirector-$0--
PATRICK MOOREDirector-$0--
JIM NEWSOMCorrespondin-$0--
IRENE O'BRIENDirector-$0--
JIM O'BRIENDirector-$0--
JIM OWENSDirector-$0--
REID RAPOPORTDirector-$0--
ELIZABETH REEDDirector-$0--
ROBERT ROMANDirector-$0--
JIM SCHNEIDERDirector-$0--
LINDA TEDESCODirector-$0--
TOM VOURLASDirector-$0--
RANDY WRIGHTDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heart of Ghent$58,755$25,820-$25,820
Ghent Masquerad$6,814$6,814$7,432$-618
Total Events$65,569$32,634$7,782$24,852
Filing and Contact Details

Filer

Filer Name
Twenty First Business Assn Ta
EIN
23-7408536
Phone
7576222892
Address
PO BOX 1037, NORFOLK, VA 23501-1037

Signing Officer

Name
Elyse Brown
Title
Treasurer
Phone
7576222892
Signed
2015-10-22
Discuss with paid preparer
Yes

Preparer

Firm
Saunders Matthews & Pfitzner Pllc
Address
327 WEST 21ST STREET SUITE 203, NORFOLK, VA 23517
Preparer
Charles T Saunders CPA
Phone
7576257849
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Ghent masquerade cost of goods sold 1,510 winter social meals & beverages 1,402 heart of ghent race advertising 4,687 race expenses 17,440 police, ems & city fees 7,864 refreshments, water, etc. 1,326 charitable contributions 3,872 golf tourn./summer social golf & social expenses 2,235 expenses advertising 26,807 conferences/meetings 500 insurance 1,851 flowers, plaques & basket 66 bank charges 44 non-investment depreciation 285 total 69,889

Form 990-ez, Part II, Line 24

Accounts receivable 850 12,021 750 1,634 less accumulated depreciation 446 731 total 1,154 12,924

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 7,200 10,565 deferred revenue 10,641 0

Form 990-ez, Part III

Area business association that improves the general business area, and provides joint advertising and promotional opportunities for members. Association also works with local and regional governmental and private organizations to foster growth and awareness of our business area.

Form 990-ez, Part III, Line 28

Provided various cooperative advertising opportunities for the members of the organization. Promoted the general business area. Worked with the local governmental authorities to develope and promote the business area.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GHENT MASQUERADE COST OF GOODS SOLD 1,510 WINTER SOCIAL MEALS & BEVERAGES 1,402 HEART OF GHENT RACE ADVERTISING 4,687 RACE EXPENSES 17,440 POLICE, EMS & CITY FEES 7,864 REFRESHMENTS, WATER, ETC. 1,326 CHARITABLE CONTRIBUTIONS 3,872 GOLF TOURN./SUMMER SOCIAL GOLF & SOCIAL EXPENSES 2,235 EXPENSES ADVERTISING 26,807 CONFERENCES/MEETINGS 500 INSURANCE 1,851 FLOWERS, PLAQUES & BASKET 66 BANK CHARGES 44 NON-INVESTMENT DEPRECIATION 285 TOTAL 69,889
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 850 12,021 750 1,634 LESS ACCUMULATED DEPRECIATION 446 731 TOTAL 1,154 12,924
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 7,200 10,565 DEFERRED REVENUE 10,641 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AREA BUSINESS ASSOCIATION THAT IMPROVES THE GENERAL BUSINESS AREA, AND PROVIDES JOINT ADVERTISING AND PROMOTIONAL OPPORTUNITIES FOR MEMBERS. ASSOCIATION ALSO WORKS WITH LOCAL AND REGIONAL GOVERNMENTAL AND PRIVATE ORGANIZATIONS TO FOSTER GROWTH AND AWARENESS OF OUR BUSINESS AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVIDED VARIOUS COOPERATIVE ADVERTISING OPPORTUNITIES FOR THE MEMBERS OF THE ORGANIZATION. PROMOTED THE GENERAL BUSINESS AREA. WORKED WITH THE LOCAL GOVERNMENTAL AUTHORITIES TO DEVELOPE AND PROMOTE THE BUSINESS AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
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ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)6 • <$500k nonprofits