Civic Intelligence

Durham Economic Resource Center

990 • Fiscal year 2012 • EIN 26-3742480

Jan 01, 2012 to Dec 31, 2012 • Filed on Jul 16, 2013

904 N Roxboro St27701
Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$15,835

No earlier filing loaded for comparison.

Net Assets

$15,835

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$396,385

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2012: $15,835Liabilities 2012: $0Net Assets 2012: $15,8352012Assets 2013: $45,403Liabilities 2013: $1,870Net Assets 2013: $43,5332013Assets 2014: $55,435Liabilities 2014: $1,429Net Assets 2014: $54,0062014Assets 2015: $26,961Liabilities 2015: $71,970Net Assets 2015: -$45,0092015

Highlighted filing

2012

Assets$15,835
Liabilities$0
Net Assets$15,835

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $396,3852012Revenue 2013: $455,042Expenses 2013: $420,509Net Income 2013: $34,5332013Revenue 2014: $518,573Expenses 2014: $508,100Net Income 2014: $10,4732014Revenue 2015: $445,445Expenses 2015: $544,460Net Income 2015: -$99,0152015

Highlighted filing

2012

Revenue-
Expenses$396,385
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jul 16, 2013
Return Version
2012v2.2
Gross Receipts
$382,536
Mission and Program Overview

Mission

To address adult poverty in Durham County by providing low-cost merchandise to nonprofit agencies and on-the-job training to the unemployed and hard-to-employ and by building and developing strategic partnerships to help address the root causes of poverty.

Major Activities

Activity 2
Resource Program DERC distributes various products to member nonprofit and faith-based organizations to alleviate basic needs among the poor, ill and elderly by using products from the international git in kind program and Dignity U Wear.
Filing and Contact Details

Filer

EIN
26-3742480
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0DERC monitors the use of funds by recipients through 1 required drug testing 2 daily attendance 3 maximum assistance limits per student within a two week period and 4 sponsors. All financial assistance recipients must be sponsored by a member nonprofit or faith-based organization or government entity. This sponsor helps monitor the student and assists him or her with any non-job training related problems he or she may encounter.
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IRS990ScheduleO/GeneralExplanation/Explanation0Form 990 Part VI Line 11a It is DERCs policy that the board of directors review the IRS Form 990 that is filed on the organizations behalf before it is filed with the IRS. A Board Resolution is required for the Form 990 to be filed.
IRS990ScheduleO/GeneralExplanation/Explanation1Form 990 Part VI Line 19 DERC does make its financial statements, governing documents and conflict of interest policies available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation2Form 990 Part VI Section C Line 12b DERC requires, as part of the annual review and approval of the Form 990, each officer, director, trustee and key employee to submit a current conflict of interest statement.
IRS990ScheduleO/GeneralExplanation/Explanation3Form 990 Part VI Section B Line 15 IT is DERCs policy that compensation of all officers and key employees must be reviewed and approved by the board of directors. Any director with a conflict of interest with respect to the compensation arrangement at issue must be excluded from the review and approval process. The review must include the use of comparability data, and the delibertation and decision must be substantiated in the official meeting minutes. This process was used to establish compensation for the CEO and was last undertaken in 2010.
IRS990ScheduleO/GeneralExplanation/Explanation4Form 990 Part XI Line 9 Audit adjustments to remove prior year items not reported on a cash basis including 32,198 of loans payable and 3,000 security deposit.
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IRS990/WebSite0www.durhameconomicresourcecenter.org
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IRS990/YearFormation02008
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0263742480
ReturnHeader/Filer/Name/BusinessNameLine10Durham Economic Resource Center
ReturnHeader/Filer/NameControl0DURH

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