Civic Intelligence

Brunswick County Economic Development Foundation Inc.

990 • Fiscal year 2020 • EIN 45-4769194

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 20, 2020

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

50th percentile

0.03x

Higher debt load relative to assets than 50% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.02x

Higher debt load relative to revenue than 57% of similar nonprofits.

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

Net Margin

25th percentile

-10%

Higher net margin than 25% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Asset Growth

24th percentile

-17%

Faster asset growth than 24% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

-2.3%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$301,269

Down $59,896 (-17%) from 2019

Net Assets

Down

$293,595

Down $50,908 (-15%) from 2019

Liabilities

Down

$7,674

Down $8,988 (-54%) from 2019

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin25th percentile

Revenue

Down

$496,452

Down $11,618 (-2.3%) from 2019

Expenses

Up

$547,360

Up $95,666 (+21%) from 2019

Net Income

Down

-$50,908

Down $107,284 (-190%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2020

Assets$301,269
Liabilities$7,674
Net Assets$293,595
Open 2020 Filing

Operations Trend

Revenue Growth54th 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

2020

Revenue$496,452
Expenses$547,360
Net Income-$50,908
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 20, 2020
Return Version
2019v5.0
Gross Receipts
$496,452
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$344,503$293,595▼ $50,908
Savings and Temporary Cash Investments$198,922$199,862▲ $940
Land, Buildings, and Equipment, Net$55,148$43,936▼ $11,212
Pledges and Grants Receivable$25,000$40,000▲ $15,000
Cash and Non-Interest-Bearing Accounts$78,846$14,336▼ $64,510
Prepaid Expenses and Deferred Charges$114--
Total Assets$361,165$301,269▼ $59,896
Other Assets Total$3,135$3,135→ $0
Liabilities
Other Liabilities$15,137$7,674▼ $7,463
Accounts Payable and Accrued Expenses$1,525--
Total Liabilities$16,662$7,674▼ $8,988
Net Assets / Fund Balance
Total Net Assets Fund Balance$344,503$293,595▼ $50,908
Total Liabilities and Net Assets / Fund Balance$361,165$301,269▼ $59,896

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$43,936$23,794$67,730
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Kris WardChairman
Allen BryantVice Chairma
Bethany WelchBoard Member
Clint BerryBoard Member
Donna PhillipsBoard Member
Frank WilliamsBoard Member
Jason McleodBoard Member
Jeff EarpBoard Member
John WardBoard Member
Josh WinslowBoard Member
Michael ReivesBoard Member
Randy ThompsonBoard Member
Shelbourne StevensBoard Member
Randell WoodruffEx-officio M
Dennis EwaldSecretary
Evan B GoreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$496,452
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$71,452
Change in Net Assets
$-50,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,938
Salaries, Compensation, and Employee Benefits$271,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$242,358-$242,358
Advertising-$172,009-$172,009
Occupancy-$41,295-$41,295
Payroll Taxes-$29,064-$29,064
Depreciation Depletion$11,210--$11,210
Information Technology-$10,210-$10,210
Fees for Services Other-$9,780-$9,780
Office Expenses-$8,146-$8,146
Other Expenses-$5,277-$5,277
Fees for Services Legal-$5,158-$5,158
Fees for Services Accounting-$5,000-$5,000
Payment Travel Entrtnmnt Publicly Ofcl-$4,820-$4,820
Insurance-$3,033-$3,033
Total Functional Expenses$11,210$536,150$0$547,360
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$9,624
Payroll Taxes Withheld & Accrued$-1,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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 9

“` ` ` `”

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

“Return is reviewed by management and the board is briefed by management.”

Form 990, Page 6, Part VI, Line 19

“Documents made available onsite upon request.”

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
Kris Ward
Title
Chairman
Phone
9102535325
Signed
2020-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kris Ward
Formed
2012
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
3

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.”

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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/PYTotalRevenueAmt0508070
IRS990/ReconcilationRevenueExpnssAmt0-50908
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0344503
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0293595
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0198922
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0199862
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS 1,671
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0480000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0480000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0960000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0952
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01898
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02850
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01171
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01671
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99530
IRS990ScheduleA/PublicSupportTotal170Amt0960000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0480000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0480000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0960000
IRS990ScheduleA/TotalSupportAmt0964521
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt043936
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023794
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-1950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALARIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES WITHHELD & ACCRUED
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043936
IRS990ScheduleD/TotalLiabilityAmt07674
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt2` ` ` `
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RETURN IS REVIEWED BY MANAGEMENT AND THE BOARD IS BRIEFED BY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS MADE AVAILABLE ONSITE UPON REQUEST.
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 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0361165
IRS990/TotalAssetsEOYAmt0301269
IRS990/TotalAssetsGrp/BOYAmt0361165
IRS990/TotalAssetsGrp/EOYAmt0301269
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0496452
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0536150
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011210
IRS990/TotalFunctionalExpensesGrp/TotalAmt0547360
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016662
IRS990/TotalLiabilitiesEOYAmt07674
IRS990/TotalLiabilitiesGrp/BOYAmt016662
IRS990/TotalLiabilitiesGrp/EOYAmt07674
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0344503
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0293595
IRS990/TotalOtherProgSrvcExpenseAmt011210
IRS990/TotalProgramServiceExpensesAmt011210
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0496452
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0361165
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0301269
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01175 TURLINGTON AVE
IRS990/USAddress/CityNm0LELAND
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028451
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KRIS WARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09102535325
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-20
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/AtSubmissionCreationDeviceId083DAA4EFFA36ED86C80DAF0A9FBB08569CA67A7C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId098A7C94E544A7EC4A662E07237F8D2B09D265F0B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.106.219.86
ReturnHeader/FilingSecurityInformation/IPDt02020-10-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:09:24
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/PreparationDt02020-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0IRA WAYNE BERRY
ReturnHeader/ReturnTs02020-10-26T10:09:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$301,269
Liabilities
$7,674
Net assets
$293,595
Revenue
$496,452
Expenses
$547,360
Net income
-$50,908
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