Civic Intelligence

Rocky Mount Business Development Authority

990 • Fiscal year 2017 • EIN 36-4670138

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

Organization ProfileN/A
PO Box 1180Rocky Mount, NC 27802

(252) 972-1330

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2017

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

2017 filings • NTEE S30 • <$500k nonprofits • Source year 2017

Asset Growth

3rd percentile

-100%

Faster asset growth than 3% of similar nonprofits.

2017 filings • NTEE S30 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • NTEE S30 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $6,994,469 (-100%) from 2016

Net Assets

Down

$0

Down $4,921,657 (-100%) from 2016

Liabilities

Down

$0

Down $2,072,812 (-100%) from 2016

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $42,786 (-100%) from 2016

Expenses

Up

$1,800

Up $600 (+50%) from 2016

Net Income

Down

-$1,800

Down $43,386 (-104%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $6,952,883Liabilities 2015: $2,072,812Net Assets 2015: $4,880,0712015Assets 2016: $6,994,469Liabilities 2016: $2,072,812Net Assets 2016: $4,921,6572016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$60K$40K$20K$0-$20KRevenue 2015: $39,596Expenses 2015: $2,800Net Income 2015: $36,7962015Revenue 2016: $42,786Expenses 2016: $1,200Net Income 2016: $41,5862016Revenue 2017: $0Expenses 2017: $1,800Net Income 2017: -$1,8002017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019

Highlighted filing

2017

Revenue$0
Expenses$1,800
Net Income-$1,800
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$0
Mission and Program Overview

Mission

To alleviate unemployment in the city of rocky mount by fostering and promoting business and industry and developing commerce and trade.

Promoting business and industry and developing commerce and trade in the city of rocky mount

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,909,600--
Investments Program Related$709,445--
Savings and Temporary Cash Investments$375,424--
Total Assets$6,994,469$0▼ $6,994,469
Liabilities
Other Liabilities$2,072,812$0▼ $2,072,812
Total Liabilities$2,072,812$0▼ $2,072,812
Net Assets / Fund Balance
Unrestricted Net Assets$4,921,657$0▼ $4,921,657
Total Net Assets Fund Balance$4,921,657$0▼ $4,921,657
Total Liabilities and Net Assets / Fund Balance$6,994,469$0▼ $6,994,469
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
David W CombsChairperson
Blake TharinDirector
Herman T JonesDirector
Jean M BaileyDirector
Mark FrohmanDirector
Neill NelsonDirector
Peter F VarneyDirector
Amy StatonEx-officio
Charles W PennyEx-officio
Lois WatkinsEx-officio
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$1,800--$1,800
Total Functional Expenses$1,800$0$0$1,800
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
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

“The form 990 will be reviewed and signed by the chairperson”

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

“Conflicts of interest are to be disclosed as they arise”

Form 990, Part VI, Section C, Line 19

“Documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Rocky Mount Business Development
EIN
36-4670138
Phone
2529721330
Address
PO BOX 1180, ROCKY MOUNT, NC 27802

Signing Officer

Name
David W Combs
Title
Chairperson
Phone
9199695024
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David W Combs
Formed
1960
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Martin Starnes & Associates Cpas Pa
Address
730 13TH AVENUE DR SE, HICKORY, NC 28602-5196
Preparer
Frank F Williams CPA
Phone
8283272727
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of asset ownership to city of rocky mount -4,919,857.”

Raw XML Appendix365 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.

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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1NOTE RECEIVABLE - DBIF, LLC
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IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1CITY OF ROCKY MOUNT
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IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02017-12-31
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IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1CASH VALUE
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt2COST BASIS
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0331 SOUTH FRANKLIN STREET
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt1331 SOUTH FRANKLIN STREET
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt2331 SOUTH FRANKLIN STREET
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0ROCKY MOUNT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1ROCKY MOUNT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm2ROCKY MOUNT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED AND SIGNED BY THE CHAIRPERSON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST ARE TO BE DISCLOSED AS THEY ARISE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER OF ASSET OWNERSHIP TO CITY OF ROCKY MOUNT -4,919,857.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04921657
IRS990/UnrestrictedNetAssetsGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0112 ASHCROFT COURT
IRS990/USAddress/CityNm0ROCKY MOUNT
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027804
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID W COMBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum09199695024
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCKY MOUNT BUSINESS DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AUTHORITY
ReturnHeader/Filer/BusinessNameControlTxt0ROCK
ReturnHeader/Filer/EIN0364670138
ReturnHeader/Filer/PhoneNum02529721330
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1180
ReturnHeader/Filer/USAddress/CityNm0ROCKY MOUNT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027802
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02233655011445E912D6C455A100D57E0BD2E5410
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.115.217.254
ReturnHeader/FilingSecurityInformation/IPDt02018-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:31:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561761202
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARTIN STARNES & ASSOCIATES CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0730 13TH AVENUE DR SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HICKORY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0286025196
ReturnHeader/PreparerPersonGrp/PhoneNum08283272727
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK F WILLIAMS CPA
ReturnHeader/ReturnTs02018-05-17T10:21:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$1,800
Net income
-$1,800
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$6.99$2.07$4.92$0.04$0.00$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.95$2.07$4.88$0.04$0.00$0.04