Liabilities / Assets
53rd percentile
Higher debt load relative to assets than 53% of similar nonprofits.
990 • Fiscal year 2024 • EIN 26-2016762
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
53rd percentile
Higher debt load relative to assets than 53% of similar nonprofits.
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
95th percentile
Higher net margin than 95% of similar nonprofits.
Top Officer Pay
46th percentile
Higher top officer pay than 46% of similar nonprofits.
Top officer pay equals 13.3% of source-year revenue.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Assets
Up$7,995,316
Up $2,507,040 (+46%) from 2022
Net Assets
Up$6,843,721
Up $2,892,951 (+73%) from 2022
Liabilities
Down$1,151,595
Down $385,911 (-25%) from 2022
Revenue
Up$911,492
Up $343,278 (+60%) from 2022
Expenses
Up$276,119
Up $8,165 (+3.0%) from 2022
Net Income
Up$635,373
Up $335,113 (+112%) from 2022
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 | $6,346,604 | $7,306,637 | ▲ $960,033 |
| Pledges and Grants Receivable | $334,625 | $0 | ▼ $334,625 |
| Cash and Non-Interest-Bearing Accounts | $969,104 | $315,376 | ▼ $653,728 |
| Accounts Receivable | $79,491 | $90,292 | ▲ $10,801 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $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 | $8,011,390 | $7,995,316 | ▼ $16,074 |
| Other Assets Total | $281,566 | $283,011 | ▲ $1,445 |
| Liabilities | |||
| Other Liabilities | $1,449,748 | $1,127,394 | ▼ $322,354 |
| Accounts Payable and Accrued Expenses | $353,294 | $24,201 | ▼ $329,093 |
| Total Liabilities | $1,803,042 | $1,151,595 | ▼ $651,447 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $6,208,348 | $4,843,721 | ▼ $1,364,627 |
| Net Assets With Donor Restrictions | - | $2,000,000 | - |
| Total Net Assets Fund Balance | $6,208,348 | $6,843,721 | ▲ $635,373 |
| Total Liabilities and Net Assets / Fund Balance | $8,011,390 | $7,995,316 | ▼ $16,074 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $5,573,767 | $642,890 | - |
| Other Land Buildings | $69,775 | - | - |
| Land | $1,663,095 | - | - |
| Equipment | - | $10,429 | - |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Mark Ward | Executive Director | FT | $120,880 | $120,880 |
| Name | Title |
|---|---|
| Jim Willis | Chairman |
| Lee Howell | Vice Chair |
| Andrew Williamson | Director |
| Duke Williams | Director |
| Ed O'Neal | Director |
| Thomas Ammons | Director |
| Tim Ivey | Director |
| Charles Nichols | Secretary |
| Beth Hobbs | Treasurer |
| April Snead | Vice Secretary |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Precision Contractors Inc | Construction | PO Box 1865, Laurinburg, NC 28353 | $2,401,763 |
| Line Item | Amount |
|---|---|
| Other Expenses | $276,119 |
| 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 |
|---|---|---|---|---|
| Interest | $40,558 | - | - | $40,558 |
| Fees for Services Other | $11,391 | - | - | $11,391 |
| All Other Expenses | - | $11,006 | - | $11,006 |
| Fees for Services Accounting | $10,800 | - | - | $10,800 |
| Travel | $4,106 | $4,871 | - | $8,977 |
| Other Expenses | $762 | $8,051 | - | $8,813 |
| Insurance | - | $8,264 | - | $8,264 |
| Advertising | $6,867 | - | - | $6,867 |
| Office Expenses | - | $479 | - | $479 |
| Total Functional Expenses | $74,484 | $201,635 | $0 | $276,119 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $276,119 |
| Total Expenses per Audited Statements | $276,119 |
| Total Expenses per Form 990 | $276,119 |
| 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 | $1,116,275 |
| Deferred Revenue | $11,119 |
“Election of members and their rights---Three voting Directors shall be appointed by the duly elected sitting Chairman of the Scotland County Board of Commissioners and two voting Directors shall be appointed by the City of Laurinburg Council. Those appointed by the City and County must be elected officials. The five members of the Board of Directors appointed by the Chairman of the Scotland County Board of Commissioners and the Laurinburg City Council shall appoint the remaining two non-elected members of the Board at the annual meeting of the Board of Directors. The County Manager and City Manager shall serve as Ex-Officio members.”
“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.”
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 | 353294 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 24201 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 79491 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 90292 |
| 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 | 6867 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 6867 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 11006 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 11006 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| 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/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 969104 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 315376 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| 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/ContractorCompensationGrp/CompensationAmt | 0 | 2401763 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | PO Box 1865 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | Laurinburg |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 28353 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | Precision Contractors Inc |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Construction |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 666068 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 20786 |
| IRS990/CYOtherExpensesAmt | 0 | 276119 |
| IRS990/CYOtherRevenueAmt | 0 | 224638 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 635373 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 276119 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 911492 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| 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/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2000000 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 74484 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 10800 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 10800 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 11391 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 11391 |
| 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/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | 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/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Mark Ward |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Tim Ivey |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Lee Howell |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | April Snead |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Thomas Ammons |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Duke Williams |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Andrew Williamson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Ed O'Neal |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Charles Nichols |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Beth Hobbs |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Jim Willis |
| 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/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 120880 |
| 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/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Executive Dir. |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Vice Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Vice Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Chairman |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| 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 | 7 |
| IRS990/GovernmentGrantsAmt | 0 | 628318 |
| IRS990/GrantAmt | 0 | 666068 |
| 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 | 911492 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 224638 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 8264 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 8264 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 40558 |
| IRS990/InterestGrp/TotalAmt | 0 | 40558 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 20786 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 20786 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 653319 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 6346604 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 7306637 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 7959956 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembershipDuesAmt | 0 | 37750 |
| 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 | 6208348 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6843721 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 224638 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 224638 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 6208348 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 4843721 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 479 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 479 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
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| IRS990/OtherExpensesGrp/Desc | 0 | DEPRECIATION |
| IRS990/OtherExpensesGrp/Desc | 1 | PROPERTY TAXES |
| IRS990/OtherExpensesGrp/Desc | 2 | UTILITIES |
| IRS990/OtherExpensesGrp/Desc | 3 | REPAIRS AND MAINTENANCE |
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| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 8820 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 8051 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 762 |
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| IRS990/OtherExpensesGrp/TotalAmt | 2 | 8820 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 8813 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 368 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1586 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5123 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 39535 |
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| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 171289 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 1004119 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.80750 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.81700 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 4379145 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
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| IRS990ScheduleA/TotalSupportAmt | 0 | 5422799 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990/ScheduleBRequiredInd | 0 | true |
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| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 6216657 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 10429 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 10429 |
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| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 1663095 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 69775 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 11119 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1116275 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Deferred Revenue |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | NOTE PAYABLE |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 911492 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 7306637 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 276119 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1127394 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 911492 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 911492 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 276119 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Election of members and their rights---Three voting Directors shall be appointed by the duly elected sitting Chairman of the Scotland County Board of Commissioners and two voting Directors shall be appointed by the City of Laurinburg Council. Those appointed by the City and County must be elected officials. The five members of the Board of Directors appointed by the Chairman of the Scotland County Board of Commissioners and the Laurinburg City Council shall appoint the remaining two non-elected members of the Board at the annual meeting of the Board of Directors. The County Manager and City Manager shall serve as Ex-Officio members. |
| 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/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, Line 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.