Civic Intelligence

Scotland County Economic Development Corporation

EIN 26-2016762 • 501(c)3 • Laurinburg, NC

Profile

To promote the growth of the economy of scotland county and city of laurinburg through job creation, the investment in business property, and infrastructure to facilitate economic growth and job creation.

517 Peden StreetLaurinburg, NC 28352

www.scotlandcounty.edc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.17x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

74th percentile

0.67x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

16th percentile

$35,979

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

91st percentile

41%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

96th percentile

215%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$5,488,276

Up $488,516 (+9.8%) from 2021

Liabilities

Up

$1,537,506

Up $188,256 (+14%) from 2021

Net Assets

Up

$3,950,770

Up $300,260 (+8.2%) from 2021

Revenue

Up

$568,214

Up $154,852 (+37%) from 2021

Expenses

Down

$267,954

Down $37,408 (-12%) from 2021

Net Income

Up

$300,260

Up $192,260 (+178%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2016: $2,349,873Liabilities 2016: $739Net Assets 2016: $2,349,1342016Assets 2017: $4,200,393Liabilities 2017: $999,681Net Assets 2017: $3,200,7122017Assets 2018: $4,329,278Liabilities 2018: $1,908,356Net Assets 2018: $2,420,9222018Assets 2019: $5,146,114Liabilities 2019: $1,948,167Net Assets 2019: $3,197,9472019Assets 2020: $5,152,270Liabilities 2020: $1,609,760Net Assets 2020: $3,542,5102020Assets 2021: $4,999,760Liabilities 2021: $1,349,250Net Assets 2021: $3,650,5102021Assets 2022: $5,488,276Liabilities 2022: $1,537,506Net Assets 2022: $3,950,7702022

Highlighted filing

2022

Assets$5,488,276
Liabilities$1,537,506
Net Assets$3,950,770

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2016: $261,014Expenses 2016: $110,831Net Income 2016: $150,1832016Revenue 2017: $979,100Expenses 2017: $253,182Net Income 2017: $725,9182017Revenue 2018: $682,731Expenses 2018: $1,564,947Net Income 2018: -$882,2162018Revenue 2019: $995,099Expenses 2019: $218,074Net Income 2019: $777,0252019Revenue 2020: $625,552Expenses 2020: $280,989Net Income 2020: $344,5632020Revenue 2021: $413,362Expenses 2021: $305,362Net Income 2021: $108,0002021Revenue 2022: $568,214Expenses 2022: $267,954Net Income 2022: $300,2602022

Highlighted filing

2022

Revenue$568,214
Expenses$267,954
Net Income$300,260

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 18, 2022
Return Version
2020v4.0
Gross Receipts
$413,362
Mission and Program Overview

Mission

To promote the growth of the local economy of Scotland County and City of Laurinburg through job creation, the investment in business property and infrastructure to facilitate economic growth and job creation.

Promoted growth of local economy by recruiting new business, increasing jobs and infrastructure investment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,457,872$4,584,968▲ $127,096
Cash and Non-Interest-Bearing Accounts$692,852$414,792▼ $278,060
Accounts Receivable$1,546$0▼ $1,546
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,152,270$4,999,760▼ $152,510
Other Assets Total-$0-
Liabilities
Other Liabilities$1,607,182$1,336,921▼ $270,261
Deferred Revenue-$7,659-
Accounts Payable and Accrued Expenses$2,578$4,670▲ $2,092
Total Liabilities$1,609,760$1,349,250▼ $260,510
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,504,125$3,648,527▲ $144,402
Net Assets With Donor Restrictions$38,385$1,983▼ $36,402
Total Net Assets Fund Balance$3,542,510$3,650,510▲ $108,000
Total Liabilities and Net Assets / Fund Balance$5,152,270$4,999,760▼ $152,510

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,985,653$370,152-
Other Land Buildings$39,349--
Land$1,559,966--
Equipment-$19,903-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Whit GibsonChairman
Andrew WilliamsonVice Chairman
Carol McCallDirector
Jim WillisDirector
John AlfordDirector
Kevin PattersonDirector
Mark WardExecutive Director
Charles NicholsSecretary
Beth HobbsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$255,863
Program Service Revenue
$0
Investment Income
$1,586
Other Revenue
$155,913
Change in Net Assets
$108,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$413,362
Total Revenue per Audited Statements
$413,362
Total Revenue per Form 990
$413,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,960
Grants and Similar Amounts Paid$36,402
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$36,402--$36,402
Interest$33,732--$33,732
All Other Expenses$25,322$2,239-$27,561
Other Expenses$9,966$12,037-$22,003
Occupancy-$18,235-$18,235
Insurance-$5,148-$5,148
Travel$824$1,770-$2,594
Office Expenses-$1,033-$1,033
Advertising$473--$473
Total Functional Expenses$106,719$198,643$0$305,362

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$305,362
Total Expenses per Audited Statements$305,362
Total Expenses per Form 990$305,362
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$1,336,921
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Election of members and their rights---The members of the Board are appointed. Currently, there are five voting members and four non-voting members. Three members are appointed by the sitting chairman of the Scotland County Board of Commissioners and two are appointed by the City Council from the City of Laurinburg. The members serve one year terms but can be reappointed annually. All voting members must hold an elected office and be citizens of Scotland County. The Non-voting members are the Scotland County Manager, City Manager and the President/Director of the Scotland County Economic Development Corporation.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The Board of Directors shall manage the business and affairs of the Corporation. The Executive Director is responsible for the implementation of policies of the Board and has the authority over general management of the Corporation. The Executive Director also has the authority to sign and execute documents, contracts and loans that have been authorized by the Board of Directors.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Executive Director and Treasurer review Form 990 and a copy is made available to the Board members for their review.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

There is no compensation paid to any Officer or member of the Board of Directors. The Executive Director is paid by a related organization.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Scotland County Economic Development
EIN
26-2016762
Phone
9102664326
Address
517 Peden Street, Laurinburg, NC 28352

Signing Officer

Name
Elizabeth T Hobbs
Title
Treasurer
Signed
2022-02-18
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Roche Head & Associates PLLC
Address
103 McRae St, Laurinburg, NC 28352
Preparer
Carl L Head
Phone
9102763985
Raw XML AppendixShowing 400 of 438 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02578
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04670
IRS990/AccountsReceivableGrp/BOYAmt01546
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Promoted growth of local economy by recruiting new business, increasing jobs and infrastructure investment.
IRS990/AdvertisingGrp/ProgramServicesAmt0473
IRS990/AdvertisingGrp/TotalAmt0473
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02239
IRS990/AllOtherExpensesGrp/ProgramServicesAmt025322
IRS990/AllOtherExpensesGrp/TotalAmt027561
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Elizabeth T Hobbs
IRS990/BooksInCareOfDetail/PhoneNum09102772405
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0507 West Covington Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Laurinburg
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028352
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0692852
IRS990/CashNonInterestBearingGrp/EOYAmt0414792
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0255863
IRS990/CYGrantsAndSimilarPaidAmt036402
IRS990/CYInvestmentIncomeAmt01586
IRS990/CYOtherExpensesAmt0268960
IRS990/CYOtherRevenueAmt0155913
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0108000
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0305362
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0413362
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt07659
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Promoted the growth of the economy of Scotland County and City of Laurinburg through job creation, the investment in business property and development and investment in infrastructure to facilitate economic growth and improve the general welfare of all citizens of Scotland County and the City of Laurinburg.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt038385
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01983
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0106719
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Whit Gibson
IRS990/Form990PartVIISectionAGrp/PersonNm1John Alford
IRS990/Form990PartVIISectionAGrp/PersonNm2Jim Willis
IRS990/Form990PartVIISectionAGrp/PersonNm3Kevin Patterson
IRS990/Form990PartVIISectionAGrp/PersonNm4Carol McCall
IRS990/Form990PartVIISectionAGrp/PersonNm5Charles Nichols
IRS990/Form990PartVIISectionAGrp/PersonNm6Mark Ward
IRS990/Form990PartVIISectionAGrp/PersonNm7Beth Hobbs
IRS990/Form990PartVIISectionAGrp/PersonNm8Andrew Williamson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice Chairman
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt036402
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt036402
IRS990/GrantsToDomesticOrgsGrp/TotalAmt036402
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0413362
IRS990/GrossRentsGrp/RealAmt0155913
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt05148
IRS990/InsuranceGrp/TotalAmt05148
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt033732
IRS990/InterestGrp/TotalAmt033732
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01586
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01586
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0390055
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04457872
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04584968
IRS990/LandBldgEquipCostOrOtherBssAmt04975023
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt037750
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To promote the growth of the local economy of Scotland County and City of Laurinburg through job creation, the investment in business property and infrastructure to facilitate economic growth and job creation.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03542510
IRS990/NetAssetsOrFundBalancesEOYAmt03650510
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0155913
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0155913
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03504125
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03648527
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt018235
IRS990/OccupancyGrp/TotalAmt018235
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01033
IRS990/OfficeExpensesGrp/TotalAmt01033
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0DEPRECIATION
IRS990/OtherExpensesGrp/Desc1INTEREST DISCOUNT AMORTIZATION
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt078642
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt142203
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt237336
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt312037
IRS990/OtherExpensesGrp/ProgramServicesAmt09966
IRS990/OtherExpensesGrp/TotalAmt078642
IRS990/OtherExpensesGrp/TotalAmt142203
IRS990/OtherExpensesGrp/TotalAmt237336
IRS990/OtherExpensesGrp/TotalAmt322003
IRS990/OtherLiabilitiesGrp/BOYAmt01607182
IRS990/OtherLiabilitiesGrp/EOYAmt01336921
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0449140
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt011615
IRS990/PYInvestmentIncomeAmt05123
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0269374
IRS990/PYOtherRevenueAmt0171289
IRS990/PYRevenuesLessExpensesAmt0344563
IRS990/PYTotalExpensesAmt0280989
IRS990/PYTotalRevenueAmt0625552
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0108000
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0218113
IRS990/RentalIncomeOrLossGrp/RealAmt0155913
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0255863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0449140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0276000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0558525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0861361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02400889
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01586
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05123
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06709
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0155913
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0171289
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt095219
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0124206
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt045916
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0592543
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80030
IRS990ScheduleA/PublicSupportPY170Pct00.83050
IRS990ScheduleA/PublicSupportTotal170Amt02400889
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0255863
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0449140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0276000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0558525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0861361
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02400889
IRS990ScheduleA/TotalSupportAmt03000141
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02985653
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0370152
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03355805
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019903
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt019903
IRS990ScheduleD/ExpensesSubtotalAmt0305362
IRS990ScheduleD/LandGrp/BookValueAmt01559966
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01559966
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039349
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt039349
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01336921
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0413362
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04584968
IRS990ScheduleD/TotalExpensesPerForm990Amt0305362
IRS990ScheduleD/TotalLiabilityAmt01336921
IRS990ScheduleD/TotalRevenuePerForm990Amt0413362
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0413362
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0305362
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Election of members and their rights---The members of the Board are appointed. Currently, there are five voting members and four non-voting members. Three members are appointed by the sitting chairman of the Scotland County Board of Commissioners and two are appointed by the City Council from the City of Laurinburg. The members serve one year terms but can be reappointed annually. All voting members must hold an elected office and be citizens of Scotland County. The Non-voting members are the Scotland County Manager, City Manager and the President/Director of the Scotland County Economic Development Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors shall manage the business and affairs of the Corporation. The Executive Director is responsible for the implementation of policies of the Board and has the authority over general management of the Corporation. The Executive Director also has the authority to sign and execute documents, contracts and loans that have been authorized by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director and Treasurer review Form 990 and a copy is made available to the Board members for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There is no compensation paid to any Officer or member of the Board of Directors. The Executive Director is paid by a related organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05152270
IRS990/TotalAssetsEOYAmt04999760
IRS990/TotalAssetsGrp/BOYAmt05152270
IRS990/TotalAssetsGrp/EOYAmt04999760
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0255863
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0198643
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106719
IRS990/TotalFunctionalExpensesGrp/TotalAmt0305362
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01609760
IRS990/TotalLiabilitiesEOYAmt01349250
IRS990/TotalLiabilitiesGrp/BOYAmt01609760
IRS990/TotalLiabilitiesGrp/EOYAmt01349250
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03542510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03650510
IRS990/TotalProgramServiceExpensesAmt0106719
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0157499
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0413362
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05152270
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04999760
IRS990/TravelGrp/ManagementAndGeneralAmt01770
IRS990/TravelGrp/ProgramServicesAmt0824
IRS990/TravelGrp/TotalAmt02594
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0517 Peden Street
IRS990/USAddress/CityNm0Laurinburg
IRS990/USAddress/StateAbbreviationCd0NC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • $5M-$10M nonprofits