Civic Intelligence

Yadkin County Economic Development Partnership

990 • Fiscal year 2021 • EIN 26-2134343

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 08, 2021

P O Box 1840Yadkinville, NC 27055

(336) 679-2200

Siviq Scores

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

Liabilities / Assets

64th percentile

0.18x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.50x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Net Margin

39th percentile

5.1%

Higher net margin than 39% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$88,287

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 47.7% of source-year revenue.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Asset Growth

19th percentile

-4.2%

Faster asset growth than 19% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

8th percentile

-40%

Faster revenue growth than 8% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$502,438

Down $22,133 (-4.2%) from 2020

Net Assets

Up

$409,768

Up $9,399 (+2.3%) from 2020

Liabilities

Down

$92,670

Down $31,532 (-25%) from 2020

Revenue

Down

$185,213

Down $122,402 (-40%) from 2020

Expenses

Down

$175,814

Down $30,417 (-15%) from 2020

Net Income

Down

$9,399

Down $91,985 (-91%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $186,956Liabilities 2011: $0Net Assets 2011: $186,9562011Assets 2012: $176,216Liabilities 2012: $0Net Assets 2012: $176,2162012Assets 2013: $215,516Liabilities 2013: $0Net Assets 2013: $215,5162013Assets 2014: $258,652Liabilities 2014: $0Net Assets 2014: $258,6522014Assets 2015: $331,218Liabilities 2015: $0Net Assets 2015: $331,2182015Assets 2016: $398,540Liabilities 2016: $0Net Assets 2016: $398,5402016Assets 2017: $390,084Liabilities 2017: $0Net Assets 2017: $390,0842017Assets 2018: $323,536Liabilities 2018: $0Net Assets 2018: $323,5362018Assets 2019: $299,809Liabilities 2019: $0Net Assets 2019: $299,8092019Assets 2020: $524,571Liabilities 2020: $124,202Net Assets 2020: $400,3692020Assets 2021: $502,438Liabilities 2021: $92,670Net Assets 2021: $409,7682021Assets 2022: $454,716Liabilities 2022: $12,496Net Assets 2022: $442,2202022Assets 2023: $515,413Liabilities 2023: $33,616Net Assets 2023: $481,7972023Assets 2024: $675,359Liabilities 2024: $189,665Net Assets 2024: $485,6942024Assets 2025: $549,622Liabilities 2025: $36,248Net Assets 2025: $513,3742025

Highlighted filing

2021

Assets$502,438
Liabilities$92,670
Net Assets$409,768

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $234,2412011Expenses 2012: $460,2732012Expenses 2013: $171,4532013Revenue 2014: $235,344Expenses 2014: $192,208Net Income 2014: $43,1362014Revenue 2015: $241,602Expenses 2015: $169,036Net Income 2015: $72,5662015Revenue 2016: $434,801Expenses 2016: $367,479Net Income 2016: $67,3222016Revenue 2017: $241,151Expenses 2017: $249,607Net Income 2017: -$8,4562017Revenue 2018: $250,549Expenses 2018: $317,097Net Income 2018: -$66,5482018Revenue 2019: $304,463Expenses 2019: $328,190Net Income 2019: -$23,7272019Revenue 2020: $307,615Expenses 2020: $206,231Net Income 2020: $101,3842020Revenue 2021: $185,213Expenses 2021: $175,814Net Income 2021: $9,3992021Revenue 2022: $236,283Expenses 2022: $203,831Net Income 2022: $32,4522022Revenue 2023: $278,060Expenses 2023: $238,483Net Income 2023: $39,5772023Revenue 2024: $273,413Expenses 2024: $269,516Net Income 2024: $3,8972024Revenue 2025: $691,325Expenses 2025: $663,645Net Income 2025: $27,6802025

Highlighted filing

2021

Revenue$185,213
Expenses$175,814
Net Income$9,399
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$185,213
Mission and Program Overview

Mission

Economic and community development efforts in yadkin county, nc

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$301,216$402,718▲ $101,502
Cash and Non-Interest-Bearing Accounts$223,355$99,720▼ $123,635
Total Assets$524,571$502,438▼ $22,133
Liabilities
Other Liabilities$124,202$92,670▼ $31,532
Total Liabilities$124,202$92,670▼ $31,532
Net Assets / Fund Balance
Net Assets With Donor Restrictions$212,091$225,954▲ $13,863
Net Assets Without Donor Restrictions$188,278$183,814▼ $4,464
Total Net Assets Fund Balance$400,369$409,768▲ $9,399
Total Liabilities and Net Assets / Fund Balance$524,571$502,438▼ $22,133
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert J ToddPresidentFT$80,277$8,010$88,287

Board Members and Trustees

NameTitle
George L Anderson JrBoard Chairm
Rusty CrissmanVice Chairma
Andy GreenBoard Member
Eddie NormanBoard Member
Eddy CarterBoard Member
Gilbert HemricBoard Member
Jimmy FlytheBoard Member
Mark PavlanskyBoard Member
Kirk MatthewsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$124,844
Program Service Revenue
$16,636
Investment Income
$3,626
Other Revenue
$40,107
Change in Net Assets
$9,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$145,247
Other Expenses$29,918
Total Fundraising Expense$4,415
Grants and Similar Amounts Paid$649
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,221$14,450$1,606$80,277
Other Salaries and Wages$31,518$11,257$2,251$45,026
Payroll Taxes$7,324$1,967$295$9,586
Pension Plan Contributions$4,240$1,101$158$5,499
Other Employee Benefits$3,861$893$105$4,859
Office Expenses$2,949$328-$3,277
Occupancy$2,391$265-$2,656
Insurance$2,150$239-$2,389
Fees for Services Accounting-$2,000-$2,000
Grants to Domestic Orgs$649--$649
Advertising$555--$555
Travel$495--$495
Other Expenses$127--$127
Conferences and Meetings$63--$63
Total Functional Expenses$138,899$32,500$4,415$175,814
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,456
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits - Outings and Trips$92,140
Withheld Payroll Taxes$530
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Board members are elected by the membership of the organization

Form 990, Page 6, Part VI, Line 11B

Each member of board of directors provided copy of form 990 prior to signing and filing.

Form 990, Page 6, Part VI, Line 12C

The board reviews the policy annually.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and approves compensation for the president.

Form 990, Page 6, Part VI, Line 15B

The board of directors reviews and approves compensation for all employees.

Form 990, Page 6, Part VI, Line 19

All documents, including the 990 and 1023 are made available upon request at the organization's offices.

Filing and Contact Details

Filer

Filer Name
Yadkin County Economic Development
EIN
26-2134343
Phone
3366792200
Address
P O BOX 1840, YADKINVILLE, NC 27055

Signing Officer

Name
Robert J Todd
Title
President
Phone
3366792200
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert J Todd
Formed
2008
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Paul Cox & Todd Pllc
Address
3411 HEALY DRIVE SUITE B, WINSTONSALEM, NC 27103
Preparer
David B Todd
Phone
3367941211
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF BOARD OF DIRECTORS PROVIDED COPY OF FORM 990 PRIOR TO SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS, INCLUDING THE 990 AND 1023 ARE MADE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICES.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT J TODD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03366792200
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YADKIN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PARTNERSHIP
ReturnHeader/Filer/BusinessNameControlTxt0YADK
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ReturnHeader/Filer/PhoneNum03366792200
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.50$0.36$5.13$6.91$6.64$0.28
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.75$1.90$4.86$2.73$2.70$0.04
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$0.34$4.82$2.78$2.38$0.40
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$0.12$4.42$2.36$2.04$0.32
2021Detailed filing. Detailed filing data is available for this year.$5.02$0.93$4.10$1.85$1.76$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$1.24$4.00$3.08$2.06$1.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.00$0.00$3.00$3.04$3.28$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.24$0.00$3.24$2.51$3.17$0.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$0.00$3.90$2.41$2.50$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.99$0.00$3.99$4.35$3.67$0.67
2015Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$2.42$1.69$0.73
2014Detailed filing. Detailed filing data is available for this year.$2.59$0.00$2.59$2.35$1.92$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.00$2.16$1.71
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.00$1.76$4.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.00$1.87$2.34