Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
990 • Fiscal year 2018 • EIN 26-2016762
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
18th percentile
Higher top officer pay than 18% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
4th percentile
Faster revenue growth than 4% of similar nonprofits.
Assets
Up$4,329,278
Up $128,885 (+3.1%) from 2017
Net Assets
Down$2,420,922
Down $779,790 (-24%) from 2017
Liabilities
Up$1,908,356
Up $908,675 (+91%) from 2017
Revenue
Down$682,731
Down $296,369 (-30%) from 2017
Expenses
Up$1,564,947
Up $1,311,765 (+518%) from 2017
Net Income
Down-$882,216
Down $1,608,134 (-222%) from 2017
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,462,700 | $3,716,086 | ▲ $253,386 |
| Cash and Non-Interest-Bearing Accounts | $365,151 | $406,469 | ▲ $41,318 |
| Other Notes and Loans Receivable, Net | $371,308 | $206,723 | ▼ $164,585 |
| Accounts Receivable | $1,234 | $0 | ▼ $1,234 |
| Savings and Temporary Cash Investments | - | $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 | $4,200,393 | $4,329,278 | ▲ $128,885 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Other Liabilities | $972,717 | $1,829,496 | ▲ $856,779 |
| Deferred Revenue | $2,800 | $51,338 | ▲ $48,538 |
| Accounts Payable and Accrued Expenses | $24,164 | $27,522 | ▲ $3,358 |
| Total Liabilities | $999,681 | $1,908,356 | ▲ $908,675 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $3,174,806 | $2,420,266 | ▼ $754,540 |
| Temporarily Rstr Net Assets | $25,906 | $656 | ▼ $25,250 |
| Total Net Assets Fund Balance | $3,200,712 | $2,420,922 | ▼ $779,790 |
| Total Liabilities and Net Assets / Fund Balance | $4,200,393 | $4,329,278 | ▲ $128,885 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,051,296 | $176,111 | - |
| Land | $1,659,966 | - | - |
| Equipment | $4,824 | $15,079 | - |
| Name | Title |
|---|---|
| Bob Davis | Chairman |
| Curtis Leak | Vice Chair |
| Andrew Williamson | Director |
| Carol McCall | Director |
| Guy McCook | Director |
| Mark Ward | Executive Director |
| Charles Nichols | Secretary |
| Beth Hobbs | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,564,947 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $30,107 | $65,082 | - | $95,189 |
| Other Expenses | $38,311 | $39,358 | - | $38,311 |
| Occupancy | - | $17,099 | - | $17,099 |
| Advertising | $11,632 | - | - | $11,632 |
| Travel | $3,097 | $3,212 | - | $6,309 |
| Office Expenses | - | $2,798 | - | $2,798 |
| Interest | $1,965 | - | - | $1,965 |
| Insurance | - | $1,469 | - | $1,469 |
| Total Functional Expenses | $1,435,929 | $129,018 | $0 | $1,564,947 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,564,947 |
| Total Expenses per Audited Statements | $1,564,947 |
| Total Expenses per Form 990 | $1,564,947 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| Note payable | $1,339,649 |
| Line of credit | $272,567 |
| Due to Scotland County | $217,280 |
“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.”
“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.”
“The Executive Director and Treasurer review form 990 and a copy is made available to the Board members for their review.”
“There is no compensation paid to any Officer or member of the Board of Directors. The Executive Director is paid by a related organization.”
“Documents are made available upon request.”
“Amortization of Note payable discount = $102426”
“Discount on Notes payable $107691”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 24164 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 27522 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1234 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | Promoted growth of local economy by recruiting new business, increasing jobs and infrastructure investment. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 11632 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 11632 |
| IRS990/AllAffiliatesIncludedInd | 0 | false |
| IRS990/AllOtherContributionsAmt | 0 | 21525 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 65082 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 30107 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 95189 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Elizabeth T Hobbs |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9102772405 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 507 West Covington Street |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Laurinburg |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28352 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 365151 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 406469 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 558525 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 217 |
| IRS990/CYOtherExpensesAmt | 0 | 1564947 |
| IRS990/CYOtherRevenueAmt | 0 | 123989 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -882216 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 1564947 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 682731 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | false |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 2800 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 51338 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | Promoted 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/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DistributionToDonorInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | false |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 1435929 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282FiledCnt | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Guy McCook |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Carol McCall |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Andrew Williamson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Charles Nichols |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Mark Ward |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Beth Hobbs |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Bob Davis |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Curtis Leak |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Executive Dir. |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Vice Chair |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/Form990TFiledInd | 0 | false |
| IRS990/FormationYr | 0 | 2008 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 682731 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 122489 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1469 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1469 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 1965 |
| IRS990/InterestGrp/TotalAmt | 0 | 1965 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 217 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 217 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 191190 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3462700 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3716086 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3907276 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LicensedMoreThanOneStateInd | 0 | false |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembershipDuesAmt | 0 | 33000 |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3200712 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2420922 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 122489 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 122489 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 17099 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 17099 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2798 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2798 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OrgFiledInLieuOfForm1041Ind | 0 | false |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 102426 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Industry Incentives |
| IRS990/OtherExpensesGrp/Desc | 1 | Professional Fees |
| IRS990/OtherExpensesGrp/Desc | 2 | Interest discount amortizaton |
| IRS990/OtherExpensesGrp/Desc | 3 | Contracted services |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 39358 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1310663 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 40154 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 38311 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1310663 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 40154 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 39358 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 38311 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 972717 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1829496 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Miscellaneous |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1500 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1500 |
| IRS990/OtherRevenueTotalAmt | 0 | 1500 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 371308 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 206723 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 861361 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 533 |
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| IRS990/PYOtherExpensesAmt | 0 | 253182 |
| IRS990/PYOtherRevenueAmt | 0 | 45383 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 71823 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 725918 |
| IRS990/PYTotalExpensesAmt | 0 | 253182 |
| IRS990/PYTotalRevenueAmt | 0 | 979100 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
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| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -882216 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RelatedOrganizationsAmt | 0 | 504000 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 122489 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 558525 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 861361 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 220001 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 436661 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 135000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2211548 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
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| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 45916 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 41013 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 43751 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 40206 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 295092 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.88230 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.94730 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2211548 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 135000 |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 176111 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 2227407 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 4824 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 15079 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 19903 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1564947 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1659966 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 1659966 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 217280 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 272567 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 1339649 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Due to Scotland County |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Line of credit |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Note payable |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 107691 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 107691 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 682731 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Discount on Notes payable $107691 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 |
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| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1564947 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1829496 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 682731 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 790422 |
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| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Executive Director and Treasurer review form 990 and a copy is made available to the Board members for their review. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | There 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/ExplanationTxt | 4 | Documents are made available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Amortization of Note payable discount = $102426 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Changes In Net Assets Or Fund Balances - Other Increases |
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| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxableDistributionsInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
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| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 656 |
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| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 4329278 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4200393 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 4329278 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 558525 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 129018 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1435929 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1564947 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 999681 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1908356 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 999681 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1908356 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 3200712 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2420922 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1435929 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 124206 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 682731 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.