Civic Intelligence

Brunswick County Economic Development Foundation Inc.

990 • Fiscal year 2019 • EIN 45-4769194

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 16, 2019

Organization ProfileN/A
1175 Turlington AveLeland, NC 28451

(910) 253-5325

Siviq Scores

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

Liabilities / Assets

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.03x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Asset Growth

81st percentile

29%

Faster asset growth than 81% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

79th percentile

31%

Faster revenue growth than 79% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$361,165

Up $80,917 (+29%) from 2018

Net Assets

Up

$344,503

Up $80,575 (+31%) from 2018

Liabilities

Up

$16,662

Up $342 (+2.1%) from 2018

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin65th percentile

Revenue

Up

$508,070

Up $120,371 (+31%) from 2018

Expenses

Up

$451,694

Up $288,847 (+177%) from 2018

Net Income

Down

$56,376

Down $168,476 (-75%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$800K$600K$400K$200K$0Assets 2014: $29,075Liabilities 2014: $2,5002014Assets 2015: $34,070Liabilities 2015: $02015Assets 2016: $64,913Liabilities 2016: $02016Assets 2017: $39,690Net Assets 2017: $39,6902017Assets 2018: $280,248Liabilities 2018: $16,320Net Assets 2018: $263,9282018Assets 2019: $361,165Liabilities 2019: $16,662Net Assets 2019: $344,5032019Assets 2020: $301,269Liabilities 2020: $7,674Net Assets 2020: $293,5952020Assets 2021: $313,802Liabilities 2021: $9,876Net Assets 2021: $303,9262021Assets 2022: $340,166Liabilities 2022: $29,901Net Assets 2022: $310,2652022Assets 2023: $473,119Liabilities 2023: $16,679Net Assets 2023: $456,4402023Assets 2024: $544,463Liabilities 2024: $26,068Net Assets 2024: $518,3952024Assets 2025: $795,476Liabilities 2025: $222,297Net Assets 2025: $573,1792025

Highlighted filing

2019

Assets$361,165
Liabilities$16,662
Net Assets$344,503
Open 2019 Filing

Operations Trend

Revenue Growth79th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $81,333Expenses 2014: $78,909Net Income 2014: $2,4242014Revenue 2015: $66,762Expenses 2015: $59,267Net Income 2015: $7,4952015Revenue 2016: $45,000Expenses 2016: $14,157Net Income 2016: $30,8432016Revenue 2017: $11,833Expenses 2017: $37,056Net Income 2017: -$25,2232017Revenue 2018: $387,699Expenses 2018: $162,847Net Income 2018: $224,8522018Revenue 2019: $508,070Expenses 2019: $451,694Net Income 2019: $56,3762019Revenue 2020: $496,452Expenses 2020: $547,360Net Income 2020: -$50,9082020Revenue 2021: $497,084Expenses 2021: $486,753Net Income 2021: $10,3312021Revenue 2022: $716,124Expenses 2022: $709,785Net Income 2022: $6,3392022Revenue 2023: $1,120,256Expenses 2023: $974,081Net Income 2023: $146,1752023Revenue 2024: $913,657Expenses 2024: $851,702Net Income 2024: $61,9552024Revenue 2025: $802,602Expenses 2025: $747,819Net Income 2025: $54,7832025

Highlighted filing

2019

Revenue$508,070
Expenses$451,694
Net Income$56,376
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 16, 2019
Return Version
2018v3.1
Gross Receipts
$508,070
Mission and Program Overview

Mission

Services seeking job creation and advancement of economic development for jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$288,127$344,503▲ $56,376
Savings and Temporary Cash Investments$200,220$198,922▼ $1,298
Cash and Non-Interest-Bearing Accounts$74,031$78,846▲ $4,815
Land, Buildings, and Equipment, Net$36,555$55,148▲ $18,593
Pledges and Grants Receivable-$25,000-
Prepaid Expenses and Deferred Charges-$114-
Total Assets$313,941$361,165▲ $47,224
Other Assets Total$3,135$3,135→ $0
Liabilities
Other Liabilities$15,312$15,137▼ $175
Accounts Payable and Accrued Expenses$10,502$1,525▼ $8,977
Total Liabilities$25,814$16,662▼ $9,152
Net Assets / Fund Balance
Total Net Assets Fund Balance$288,127$344,503▲ $56,376
Total Liabilities and Net Assets / Fund Balance$313,941$361,165▲ $47,224

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$55,148$12,584$67,732
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Allen BryantBoard Member
Clint BerryBoard Member
Dennis EwaldBoard Member
Dr John WardBoard Member
Frank WilliamsBoard Member
Michael ReivesBoard Member
Randy ThompsonBoard Member
Jason McleodAt Large / C
Bethany WelchAt-large, Bo
Donna PhillipsAt-large, Bo
Jeff EarpAt-large, Bo
Josh WinslowAt-large, Bo
Shelbourn StevensAt-large, Bo
Evan GoreAt-large, Tr
Kris WardAt-large, Vi
Kevin LackeyBusiness Dev
Ann HardyEx-officio D
Bill EarlyExecutive Di
Jill ChidesterOffice Manag
Revenue and Support

Revenue Composition

Contributions and Grants
$508,070
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$83,070
Change in Net Assets
$56,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$272,216
Other Expenses$179,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$237,194-$237,194
Fees for Services Other-$61,227-$61,227
Advertising-$48,284-$48,284
Payroll Taxes-$35,022-$35,022
Occupancy-$33,450-$33,450
Depreciation Depletion$9,562--$9,562
Office Expenses-$9,196-$9,196
Fees for Services Accounting-$4,636-$4,636
Other Expenses-$4,261-$4,261
Information Technology-$3,245-$3,245
Payment Travel Entrtnmnt Publicly Ofcl-$2,423-$2,423
Insurance-$2,294-$2,294
Fees for Services Legal-$900-$900
Total Functional Expenses$9,562$442,132$0$451,694
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salaries$9,235
Payroll Taxes Withheld & Accrued$5,902
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Brunswick County Economic
EIN
45-4769194
Phone
9102535325
Address
1175 TURLINGTON AVE, LELAND, NC 28451

Signing Officer

Name
Jason Mcleod
Title
At Large / Chairman
Phone
9102535325
Signed
2019-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Mcleod
Formed
2012
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
4

Preparer

Firm
Berry Padgett & Chandler Pllc
Address
PO BOX 10339 - 1123 N HOWE ST, SOUTHPORT, NC 28461
Preparer
Ira Wayne Berry
Phone
9104579455
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

“Brunswick business and industry development”

Form 990, Page 2, Part III, Line 4D

“Publicity of the postive labor force enviorment and availability of real property for business development.”

Form 990, Part IX, Line 11G

“Consulting 0 51,044 0 professional development 0 8,381 0 project support 0 1,802 0 total 0 61,227 0”

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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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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0288127
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0344503
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0200220
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0198922
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0508070
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0508070
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0508070
IRS990ScheduleA/Total509Grp/TotalAmt0508070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0508070
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0508070
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt055148
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012584
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt067732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15902
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALARIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES WITHHELD & ACCRUED
IRS990ScheduleD/TotalBookValueLandBuildingsAmt055148
IRS990ScheduleD/TotalLiabilityAmt015137
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRUNSWICK BUSINESS AND INDUSTRY DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PUBLICITY OF THE POSTIVE LABOR FORCE ENVIORMENT AND AVAILABILITY OF REAL PROPERTY FOR BUSINESS DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING 0 51,044 0 PROFESSIONAL DEVELOPMENT 0 8,381 0 PROJECT SUPPORT 0 1,802 0 TOTAL 0 61,227 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0313941
IRS990/TotalAssetsEOYAmt0361165
IRS990/TotalAssetsGrp/BOYAmt0313941
IRS990/TotalAssetsGrp/EOYAmt0361165
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0508070
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0442132
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09562
IRS990/TotalFunctionalExpensesGrp/TotalAmt0451694
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025814
IRS990/TotalLiabilitiesEOYAmt016662
IRS990/TotalLiabilitiesGrp/BOYAmt025814
IRS990/TotalLiabilitiesGrp/EOYAmt016662
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0288127
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0344503
IRS990/TotalOtherProgSrvcExpenseAmt09562
IRS990/TotalProgramServiceExpensesAmt09562
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0508070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0313941
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0361165
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt06714 NETHERLANDS DR
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028405
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON MCLEOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0AT LARGE / CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09102535325
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRUNSWICK COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BRUN
ReturnHeader/Filer/EIN0454769194
ReturnHeader/Filer/PhoneNum09102535325
ReturnHeader/Filer/USAddress/AddressLine1Txt01175 TURLINGTON AVE
ReturnHeader/Filer/USAddress/CityNm0LELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028451
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C03146A633F62D90699341717326B98E60370933
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0312D22C23A0C200384AA2DAC58A2111688372F8B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.106.219.86
ReturnHeader/FilingSecurityInformation/IPDt02019-10-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:16:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561132073
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERRY PADGETT & CHANDLER PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 10339 - 1123 N HOWE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTHPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028461
ReturnHeader/PreparerPersonGrp/PhoneNum09104579455
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IRA WAYNE BERRY
ReturnHeader/ReturnTs02019-10-17T13:16:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$361,165
Liabilities
$16,662
Net assets
$344,503
Revenue
$508,070
Expenses
$451,694
Net income
$56,376
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.22$0.57$0.80$0.75$0.05
2024Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.52$0.91$0.85$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.47$0.02$0.46$1.12$0.97$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.34$0.03$0.31$0.72$0.71$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.01$0.30$0.50$0.49$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.50$0.55$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$0.51$0.45$0.06
2018Summary only. Only limited summary data is available for this year.$0.28$0.02$0.26$0.39$0.16$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.01$0.04$0.03
2016Summary only. Only limited summary data is available for this year.$0.06$0.00$0.05$0.01$0.03
2015Summary only. Only limited summary data is available for this year.$0.03$0.00$0.07$0.06$0.01
2014Summary only. Only limited summary data is available for this year.$0.03$0.00$0.08$0.08$0.00