Civic Intelligence

The Millennium Fund C/O Winston-Salem Foundation

990 • Fiscal year 2017 • EIN 30-0148699

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 24, 2018

751 West Fourth Street No 200Winstonsalem, NC 27101

(336) 725-2382

Siviq Scores

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

Liabilities / Assets

34th percentile

0.00x

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

2017 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.00x

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

2017 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2017

Net Margin

5th percentile

-155%

Higher net margin than 5% of similar nonprofits.

2017 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE T • $1M-$5M nonprofits • Source year 2017

Asset Growth

28th percentile

-4.3%

Faster asset growth than 28% of similar nonprofits.

2017 filings • NTEE T30 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

1104%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • NTEE T30 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,466,257

Down $156,621 (-4.3%) from 2016

Net Assets

Down

$3,466,257

Down $156,621 (-4.3%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$121,027

Up $110,976 (+1104%) from 2016

Expenses

Down

$308,308

Down $90,809 (-23%) from 2016

Net Income

Up

-$187,281

Up $201,785 (+52%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2015: $3,982,606Liabilities 2015: $0Net Assets 2015: $3,982,6062015Assets 2016: $3,622,878Liabilities 2016: $0Net Assets 2016: $3,622,8782016Assets 2017: $3,466,257Liabilities 2017: $0Net Assets 2017: $3,466,2572017Assets 2018: $3,718,898Liabilities 2018: $0Net Assets 2018: $3,718,8982018Assets 2019: $4,414,695Liabilities 2019: $0Net Assets 2019: $4,414,6952019Assets 2020: $4,179,550Liabilities 2020: $0Net Assets 2020: $4,179,5502020Assets 2021: $4,662,490Liabilities 2021: $0Net Assets 2021: $4,662,4902021Assets 2022: $3,613,500Liabilities 2022: $0Net Assets 2022: $3,613,5002022Assets 2023: $2,626,394Liabilities 2023: $0Net Assets 2023: $2,626,3942023Assets 2024: $1,482,333Liabilities 2024: $0Net Assets 2024: $1,482,3332024

Highlighted filing

2017

Assets$3,466,257
Liabilities$0
Net Assets$3,466,257

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2015: $114,581Expenses 2015: $347,492Net Income 2015: -$232,9112015Revenue 2016: $10,051Expenses 2016: $399,117Net Income 2016: -$389,0662016Revenue 2017: $121,027Expenses 2017: $308,308Net Income 2017: -$187,2812017Revenue 2018: $281,904Expenses 2018: $117,800Net Income 2018: $164,1042018Revenue 2019: $835,900Expenses 2019: $158,400Net Income 2019: $677,5002019Revenue 2020: $392,845Expenses 2020: $661,990Net Income 2020: -$269,1452020Revenue 2021: $1,387,049Expenses 2021: $939,639Net Income 2021: $447,4102021Revenue 2022: $518,410Expenses 2022: $1,604,529Net Income 2022: -$1,086,1192022Revenue 2023: $434,594Expenses 2023: $1,460,500Net Income 2023: -$1,025,9062023Revenue 2024: $226,743Expenses 2024: $1,411,350Net Income 2024: -$1,184,6072024

Highlighted filing

2017

Revenue$121,027
Expenses$308,308
Net Income-$187,281
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 24, 2018
Return Version
2017v2.3
Gross Receipts
$121,027
Mission and Program Overview

Mission

Help in the development of downtown winston-salem, nc via projects, infrastructure, business recruitment and site selection.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,259,578$2,280,996▲ $21,418
Investments Other Securities$278,926$269,744▼ $9,182
Cash and Non-Interest-Bearing Accounts$378,252$209,395▼ $168,857
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$3,622,878$3,466,257▼ $156,621
Other Assets Total$706,122$706,122→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,622,878$3,466,257▼ $156,621
Total Net Assets Fund Balance$3,622,878$3,466,257▼ $156,621
Total Liabilities and Net Assets / Fund Balance$3,622,878$3,466,257▼ $156,621

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$6,661$6,661
Other Assets Org$706,122--
Other Securities$269,744--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ralph WombleChairman
Allen JoinesPresident
David NeillDirector
Don FlowDirector
Elwood RobinsonDirector
F Borden HanesDirector
Jeff SmithDirector
Mark PrestonDirector
Redge HanesDirector
Sidney FalkenDirector
Scott WiermanDirector, Ex Officio
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$110,521
Investment Income
$10,506
Other Revenue
$0
Change in Net Assets
$-187,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$121,027
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$30,660
Total Revenue per Audited Statements
$151,687
Total Revenue per Form 990
$121,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$275,858
Other Expenses$32,450
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$275,858--$275,858
Office Expenses$20,000--$20,000
Fees for Services Accounting-$8,300-$8,300
Advertising$4,150--$4,150
Total Functional Expenses$300,008$8,300$0$308,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$308,308
Total Expenses per Audited Statements$308,308
Total Expenses per Form 990$308,308
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
North Carolina Black Repertory CompanyWinstonsalem, NC501(c)(3)General Support for Arts Festival$75,000
Winston-salem Business Inc Fbo HerbalifeWinstonsalem, NC501(c)(3)General Support for Economic Development Agreement$41,667
BookmarksWinstonsalem, NC501(c)(3)General Support for Infrastructure Development$25,000
The Arts Council IncWinstonsalem, NC501(c)(3)General Support for Infrastructure Development$25,000
Downtown Winston-salem PartnershipWinstonsalem, NC501(c)(3)General Support for Community Development$20,000
National Cycling Center IncWinstonsalem, NC501(c)(3)General Support for Athletic Event$20,000
Downtown Winston-salem Community CinemaWinstonsalem, NC501(c)(3)General Support for Arts Programming$19,691
BookmarksWinstonsalem, NC501(c)(3)General Support for Literary Festival$10,000
Phuzz Sounds LLCWinstonsalem, NC501(c)(3)General Support for Music Festival$10,000
Riverrun International Film FestivalWinstonsalem, NC501(c)(3)General Support for Film Festival$10,000
Indo-us Cultural Association of Winston-salemWinstonsalem, NC501(c)(3)General Support for Cultural Festival$5,000
National Sports Media AssociationWinstonsalem, NC501(c)(3)General Support for Infrastructure Development$5,000
Venture Cafe Winston-salem IncWinstonsalem, NC-General Support for Community Development$5,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

Copies of the form 990 are made available to board members prior to the required filing date.

Form 990, Part VI, Section B, Line 12C

Conflicts of interest are discussed at regular board meetings.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available for inspection by appointment at the organization's office.

Filing and Contact Details

Filer

Filer Name
The Millennium Fund
EIN
30-0148699
Phone
3367252382
Address
751 WEST FOURTH STREET NO 200, WINSTONSALEM, NC 27101

Signing Officer

Name
Allen Joines
Title
President
Phone
3367252382
Signed
2018-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allen Joines
Formed
2002
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
100 N MAIN STREET SUITE 2300, WINSTONSALEM, NC 27101
Preparer
David Vogler
Phone
3367148100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There is no change from the prior year.

Financial Statement Notes

PART X, LINE 2:

The millennium fund is exempt from federal and state income taxes as provided for in section 501(c)(3) of the internal revenue code. Therefore, no provision has been made for federal or state income taxes in the accompanying financial statements. The organization has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2017.

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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566037615
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06661
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0706122
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0JOINT VENTURE LAND PURCHASE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0269744
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SPORTS MENAGERIE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt030660
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0121027
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MILLENNIUM FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS PROVIDED FOR IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0308308
IRS990ScheduleD/TotalRevenuePerForm990Amt0121027
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IRS990ScheduleI/RecipientTable/CashGrantAmt320000
IRS990ScheduleI/RecipientTable/CashGrantAmt420000
IRS990ScheduleI/RecipientTable/CashGrantAmt541667
IRS990ScheduleI/RecipientTable/CashGrantAmt625000
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/CashGrantAmt825000
IRS990ScheduleI/RecipientTable/CashGrantAmt975000
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)(3)
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT FOR LITERARY FESTIVAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT FOR CULTURAL FESTIVAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT FOR FILM FESTIVAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT FOR ATHLETIC EVENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL SUPPORT FOR COMMUNITY DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT FOR ECONOMIC DEVELOPMENT AGREEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL SUPPORT FOR INFRASTRUCTURE DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GENERAL SUPPORT FOR MUSIC FESTIVAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8GENERAL SUPPORT FOR INFRASTRUCTURE DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9GENERAL SUPPORT FOR ARTS FESTIVAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10GENERAL SUPPORT FOR ARTS PROGRAMMING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11GENERAL SUPPORT FOR INFRASTRUCTURE DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12GENERAL SUPPORT FOR COMMUNITY DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOOKMARKS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1INDO-US CULTURAL ASSOCIATION OF WINSTON-SALEM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2RIVERRUN INTERNATIONAL FILM FESTIVAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3NATIONAL CYCLING CENTER INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4DOWNTOWN WINSTON-SALEM PARTNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5WINSTON-SALEM BUSINESS INC FBO HERBALIFE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6THE ARTS COUNCIL INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7PHUZZ SOUNDS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8BOOKMARKS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9NORTH CAROLINA BLACK REPERTORY COMPANY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10DOWNTOWN WINSTON-SALEM COMMUNITY CINEMA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11NATIONAL SPORTS MEDIA ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12VENTURE CAFE WINSTON-SALEM INC
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15274 IVY RIDGE LANE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2305 WEST FOURTH STREET SUITE 1A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3145 KIMEL PARK DRIVE SUITE 330
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4305 WEST FOURTH STREET SUITE 2E
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51080 WEST FOURTH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6251 NORTH SPRUCE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt740 WEST SPRAGUE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8251 NORTH SPRUCE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9610 COLISEUM DRIVE SUITE 1
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10311 WEST FOURTH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11PO BOX 5394
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12575 PATTERSON AVENUE SUITE 444
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WINSTONSALEM
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IRS990ScheduleI/RecipientTable/USAddress/CityNm3WINSTONSALEM
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd10NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd11NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd12NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd127104

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