Civic Intelligence

Chowan Perquimans Smart Start Partnership

990 • Fiscal year 2023 • EIN 31-1622057

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 07, 2023

409 Old Hertford RoadEdenton, NC 27932-1405

(252) 482-3035

Siviq Scores

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

Liabilities / Assets

85th percentile

0.42x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.05x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Net Margin

42nd percentile

1.0%

Higher net margin than 42% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$80,122

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Asset Growth

45th percentile

2.6%

Faster asset growth than 45% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

6.7%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$65,738

Up $1,680 (+2.6%) from 2022

Net Assets

Up

$38,331

Up $5,251 (+16%) from 2022

Liabilities

Down

$27,407

Down $3,571 (-12%) from 2022

Revenue

Up

$504,220

Up $31,593 (+6.7%) from 2022

Expenses

Up

$498,969

Up $26,509 (+5.6%) from 2022

Net Income

Up

$5,251

Up $5,084 (+3044%) from 2022

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2017: $32,180Liabilities 2017: $0Net Assets 2017: $32,1802017Assets 2018: $39,089Liabilities 2018: $0Net Assets 2018: $39,0892018Assets 2019: $33,623Liabilities 2019: $12,005Net Assets 2019: $21,6182019Assets 2020: $49,358Liabilities 2020: $11,540Net Assets 2020: $37,8182020Assets 2021: $46,597Liabilities 2021: $13,683Net Assets 2021: $32,9142021Assets 2022: $64,058Liabilities 2022: $30,978Net Assets 2022: $33,0802022Assets 2023: $65,738Liabilities 2023: $27,407Net Assets 2023: $38,3312023Assets 2024: $55,655Liabilities 2024: $17,958Net Assets 2024: $37,6972024Assets 2025: $66,215Liabilities 2025: $21,329Net Assets 2025: $44,8862025

Highlighted filing

2023

Assets$65,738
Liabilities$27,407
Net Assets$38,331

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $495,359Expenses 2017: $492,124Net Income 2017: $3,2352017Revenue 2018: $426,992Expenses 2018: $420,083Net Income 2018: $6,9092018Revenue 2019: $393,722Expenses 2019: $411,193Net Income 2019: -$17,4712019Revenue 2020: $417,156Expenses 2020: $400,956Net Income 2020: $16,2002020Revenue 2021: $433,385Expenses 2021: $438,289Net Income 2021: -$4,9042021Revenue 2022: $472,627Expenses 2022: $472,460Net Income 2022: $1672022Revenue 2023: $504,220Expenses 2023: $498,969Net Income 2023: $5,2512023Revenue 2024: $463,807Expenses 2024: $464,441Net Income 2024: -$6342024Revenue 2025: $457,208Expenses 2025: $450,019Net Income 2025: $7,1892025

Highlighted filing

2023

Revenue$504,220
Expenses$498,969
Net Income$5,251
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$504,220
Mission and Program Overview

Mission

The mission of the Chowan/Perquimans Smart Start Partnership is to bring people and organizations together to enhance early childhood development and school readiness through advocacy, parent, and child care provider support programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$63,808$65,488▲ $1,680
Cash and Non-Interest-Bearing Accounts$250$250→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$64,058$65,738▲ $1,680
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$30,978$27,407▼ $3,571
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$30,978$27,407▼ $3,571
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,228$20,412▲ $3,184
Net Assets Without Donor Restrictions$15,852$17,919▲ $2,067
Total Net Assets Fund Balance$33,080$38,331▲ $5,251
Total Liabilities and Net Assets / Fund Balance$64,058$65,738▲ $1,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan NixonExecutive DirectorFT$62,743$17,379$80,122

Board Members and Trustees

NameTitle
Dee SpruceBoard Chair
Carole SykesVice-Chair
Andre LopezBoard Member
Anna NixonBoard Member
Arlene YatesBoard Member
Barbara WhiteBoard Member
Cynthia JonesBoard Member
Howard WilliamsBoard Member
James SpaughBoard Member
Kanika GriffinBoard Member
Kay HallBoard Member
Kevin HowardBoard Member
Melissa FieldsBoard Member
Michelle NewsomeBoard Member
Shavonna BooneBoard Member
Wanda StallingsBoard Member
Michele LawrenceSecretary
Allan SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$501,466
Program Service Revenue
$189
Investment Income
$11
Other Revenue
$2,554
All Other Contributions
$32,669
Change in Net Assets
$5,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$254,716
Grants and Similar Amounts Paid$158,846
Other Expenses$85,407
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,495$60,573$0$201,068
Grants to Domestic Orgs$134,628--$134,628
Other Employee Benefits$24,482$9,678$0$34,160
Office Expenses$9,410$15,555$0$24,965
Grants to Domestic Individuals$24,218--$24,218
Occupancy$0$19,634$0$19,634
Payroll Taxes$10,504$4,653$0$15,157
Conferences and Meetings$11,043$510$0$11,553
Travel$7,241$1,581$0$8,822
Advertising$7,498$579$0$8,077
Insurance$598$4,303-$4,901
Pension Plan Contributions$2,563$1,768$0$4,331
Fees for Services Accounting$0$3,753$0$3,753
Other Expenses$0$2,365$0$2,365
Fees for Services Management$1,287$0$0$1,287
Information Technology$0$50$0$50
Total Functional Expenses$373,967$125,002$0$498,969
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Perquimans County SchoolHertford, NC-Education Grant$36,000
Edenton Teapot Daycare CenterEdonton, NC-Education Grant$28,175
Edenton Chowan SchoolsEdenton, NC-Education Grant$25,115
Out of the BoxEdenton, NC-Education Grant$20,572
Lil Chicks Child CareEdenton, NC-Education Grant$11,423
Home Away from Home ChildcareEdenton, NC-Education Grant$11,193
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MembersSubsidyNo$36,000
-Board MemberSubsidyNo$25,115
-Board MemberNon Cash GrantNo$2,522
-Board MemberNon Cash GrantNo$169
-Board MemberNon Cash GrantNo$169
M and E PreschoolBoard MemberNon cash GrantNo$51

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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

The Executive Director reviews the Form 990 for accuracy and completeness based on the financial statement and approves.

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

The policy is signed annually by board members.

Form 990, Part VI, Section B, Line 15

The Executive Director's salary is within the salary is within the salary schedule guidelines per the 2012 Budget Act.

Form 990, Part VI, Section C, Line 18

Documents available upon request.

Form 990, Part VI, Section C, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Chowan Perquimans Smart Start Partnership
EIN
31-1622057
Phone
2524823035
Address
409 Old Hertford Road, Edenton, NC 27932-1405

Signing Officer

Name
Susan Nixon
Title
Executive Director
Phone
2524823035
Signed
2023-11-07

Organization Details

Principal Officer
Susan Nixon
Formed
1998
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
13
Employees
6
Volunteers
88
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice-Chair
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IRS990/MissionDesc0The mission of the Chowan/Perquimans Smart Start Partnership is to bring people and organizations together to enhance early childhood development and school readiness through advocacy, parent, and child care provider support programs.
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