Civic Intelligence

Olive Hill Community Economic Development Corporation Inc

990EZ • Fiscal year 2020 • EIN 31-1639629

Jan 01, 2020 to Dec 31, 2020 • Filed on May 25, 2021

PO Box 4008Morganton, NC 28680-4008

(828) 437-7058

Siviq Scores

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

Liabilities / Assets

71st percentile

0.71x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.62x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Source year 2020

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$32,500

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 30.8% of source-year revenue.

2020 filings • NTEE L • <$500k nonprofits • Source year 2020

Asset Growth

100th percentile

6633%

Faster asset growth than 100% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-29%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • NTEE L • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$92,717

Up $87,197 (+1580%) from 2018

Net Assets

Up

$27,108

Up $87,455 (+145%) from 2018

Liabilities

Down

$65,609

Down $258 (-0.4%) from 2018

Revenue

Up

$105,568

Up $6,046 (+6.1%) from 2018

Expenses

Down

$70,915

Down $33,053 (-32%) from 2018

Net Income

Up

$34,653

Up $39,099 (+879%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2010: $90,262Liabilities 2010: $54,962Net Assets 2010: $35,3002010Assets 2011: $258,565Liabilities 2011: $52,612Net Assets 2011: $205,9532011Assets 2014: $319,134Liabilities 2014: $33,217Net Assets 2014: $285,9172014Assets 2015: $263,117Liabilities 2015: $74,173Net Assets 2015: $188,9442015Assets 2017: $7,131Liabilities 2017: $63,032Net Assets 2017: -$55,9012017Assets 2018: $5,520Liabilities 2018: $65,867Net Assets 2018: -$60,3472018Assets 2020: $92,717Liabilities 2020: $65,609Net Assets 2020: $27,1082020Assets 2021: $158,880Liabilities 2021: $60,071Net Assets 2021: $98,8092021

Highlighted filing

2020

Assets$92,717
Liabilities$65,609
Net Assets$27,108

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $139,815Expenses 2010: $131,714Net Income 2010: $8,1012010Expenses 2011: $188,3122011Revenue 2014: $238,868Expenses 2014: $301,945Net Income 2014: -$63,0772014Revenue 2015: $119,770Expenses 2015: $216,673Net Income 2015: -$96,9032015Revenue 2017: $52,655Expenses 2017: $248,751Net Income 2017: -$196,0962017Revenue 2018: $99,522Expenses 2018: $103,968Net Income 2018: -$4,4462018Revenue 2020: $105,568Expenses 2020: $70,915Net Income 2020: $34,6532020Revenue 2021: $214,466Expenses 2021: $142,756Net Income 2021: $71,7102021

Highlighted filing

2020

Revenue$105,568
Expenses$70,915
Net Income$34,653
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 25, 2021
Return Version
2020v4.1
Gross Receipts
$105,568
Mission and Program Overview

Mission

See a & b

Provide education for homebusiness owne

Program Services

DescriptionGrantsExpenses
Assist residents in home ownership, business ownership and computer skills. Serves residents of Burke, Caldwell, Catawba and McDowell Counties in North Carolina.$76,852$70,917
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann MoncriefBoardPT$32,500-$32,500
Winston HillChair-$0--
Ebony JohnsonSecretarytreasurer-$0--
Anthony RadcliffBoard-$0--
Leslie KernBoard-$0--
Crystal LaVerdeBoard-$0--
Beverly CarltonExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
Olive Hill Community Economic
EIN
31-1639629
Address
PO Box 4008, Morganton, NC 28680-4008

Signing Officer

Name
Beverly Carlton
Title
Executive Direc
Phone
8284754620
Signed
2021-05-25
Discuss with paid preparer
Yes

Preparer

Firm
Gray & Hammond Accountants
Address
PO Box 938, Morganton, NC 28680
Preparer
Lynanne F Gray
Phone
8284377058
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description AmountMiscellaneous Income 262

Description of other expenses Part I line 16

Description AmountAdvertising 935Bank Charges 15Dues & Subscriptions 744Education 150Equipment Rental 277Licenses & Permits 177Liability Insurance 1,000Interest 252Office Supplies 214Program Expenses 4,372Depreciation 1,661Miscellaneous 138

Other changes in net assets or fund balances Part I line 20

Description AmountRounding (3)Rounding -3

Description of other assets Part II line 24

Category Beginning of Year End of YearOffice Equipment 0 6,706Utility Deposit 0 280

Description of total liabilities Part II line 26

Category Beginning of Year End of YearAccounts Payable 5,087 3,655Payroll Liabilities 0 2,554Negative Bank Balance 3,832 0N/P - SBA 0 59,400

Raw XML Appendix193 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0Ann Moncrief
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0W-2 WAGES
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Gray Hammond Accountants
IRS990EZ/BooksInCareOfDetail/PhoneNum08284377058
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 938
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Morganton
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0286800938
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0119
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt085731
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0103336
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt034653
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05766
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt01377
IRS990EZ/Form990TotalAssetsGrp/EOYAmt092717
IRS990EZ/GrossReceiptsAmt0105568
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt05
IRS990EZ/LandAndBuildingsGrp/BOYAmt01258
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-7542
IRS990EZ/NetAssetsOrFundBalancesEOYAmt027108
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-7542
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt027108
IRS990EZ/OccupancyRentUtltsAndMaintAmt011240
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt430.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt432500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Winston Hill
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Ebony Johnson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Anthony Radcliff
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Leslie Kern
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Ann Moncrief
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Crystal LaVerde
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Beverly Carlton
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SecretaryTreasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Executive Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt06986
IRS990EZ/OtherChangesInNetAssetsAmt0-3
IRS990EZ/OtherExpensesTotalAmt09935
IRS990EZ/OtherRevenueTotalAmt0262
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Provide education for homebusiness owne
IRS990EZ/PrintingPublicationsPostageAmt0184
IRS990EZ/ProgramServiceRevenueAmt01965
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Assist residents in home ownership, business ownership and computer skills. Serves residents of Burke, Caldwell, Catawba and McDowell Counties in North Carolina.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt076852
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt070917
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt043790
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt08919
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt065609
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt070915
IRS990EZ/TotalProgramServiceExpensesAmt070917
IRS990EZ/TotalRevenueAmt0105568
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0ohcedc.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0103336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt067344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt095630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt052655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0100315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0419280
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02352
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03057
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0262
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt042304
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0364
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01611
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt050541
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58250
IRS990ScheduleA/PublicSupportPY170Pct00.75800
IRS990ScheduleA/PublicSupportTotal170Amt0275463
IRS990ScheduleA/SubstantialContributorsTotAmt0143817
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0103336
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt067344
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt095630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt052655
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0100315
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0419280
IRS990ScheduleA/TotalSupportAmt0472878
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountMiscellaneous Income 262
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountAdvertising 935Bank Charges 15Dues & Subscriptions 744Education 150Equipment Rental 277Licenses & Permits 177Liability Insurance 1,000Interest 252Office Supplies 214Program Expenses 4,372Depreciation 1,661Miscellaneous 138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountRounding (3)Rounding -3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearOffice Equipment 0 6,706Utility Deposit 0 280
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Category Beginning of Year End of YearAccounts Payable 5,087 3,655Payroll Liabilities 0 2,554Negative Bank Balance 3,832 0N/P - SBA 0 59,400
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Beverly Carlton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum08284754620
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Olive Hill Community Economic
ReturnHeader/Filer/BusinessNameControlTxt0OLIV
ReturnHeader/Filer/EIN0311639629
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 4008
ReturnHeader/Filer/USAddress/CityNm0Morganton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0286804008
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464376289
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gray & Hammond Accountants
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 938
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Morganton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028680
ReturnHeader/PreparerPersonGrp/PhoneNum08284377058
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lynanne F Gray
ReturnHeader/ReturnTs02021-06-11T11:38:04-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Beverly
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Carlton
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings