Civic Intelligence

Burlington First Presbyterian Church Child Development Center In

990 • Fiscal year 2016 • EIN 45-5432913

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 15, 2017

508 W Davis StreetBurlington, NC 27215

(336) 228-1703

Siviq Scores

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

Liabilities / Assets

60th percentile

0.17x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Net Margin

44th percentile

0.7%

Higher net margin than 44% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$150,178

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 23.6% of source-year revenue.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Asset Growth

76th percentile

20%

Faster asset growth than 76% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

55th percentile

6.7%

Faster revenue growth than 55% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$29,921

Up $5,001 (+20%) from 2015

Net Assets

Up

$24,833

Up $4,481 (+22%) from 2015

Liabilities

Up

$5,088

Up $520 (+11%) from 2015

Revenue

Up

$635,300

Up $40,007 (+6.7%) from 2015

Expenses

Up

$630,819

Up $4,751 (+0.8%) from 2015

Net Income

Up

$4,481

Up $35,256 (+115%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $17,565Liabilities 2012: $815Net Assets 2012: $16,7502012Assets 2013: $65,359Liabilities 2013: $781Net Assets 2013: $64,5782013Assets 2014: $63,739Liabilities 2014: $612Net Assets 2014: $63,1272014Assets 2015: $24,920Liabilities 2015: $4,568Net Assets 2015: $20,3522015Assets 2016: $29,921Liabilities 2016: $5,088Net Assets 2016: $24,8332016Assets 2017: $65,747Liabilities 2017: $4,329Net Assets 2017: $61,4182017Assets 2018: $141,223Liabilities 2018: $349Net Assets 2018: $140,8742018Assets 2019: $180,024Liabilities 2019: $954Net Assets 2019: $179,0702019Assets 2020: $199,024Liabilities 2020: $2,440Net Assets 2020: $196,5842020Assets 2021: $336,365Liabilities 2021: $0Net Assets 2021: $336,3652021Assets 2022: $329,224Liabilities 2022: $0Net Assets 2022: $329,2242022Assets 2023: $208,276Liabilities 2023: $66Net Assets 2023: $208,2102023Assets 2024: $92,108Liabilities 2024: $2,085Net Assets 2024: $90,0232024

Highlighted filing

2016

Assets$29,921
Liabilities$5,088
Net Assets$24,833

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $292,235Expenses 2012: $290,325Net Income 2012: $1,9102012Revenue 2013: $650,504Expenses 2013: $590,676Net Income 2013: $59,8282013Revenue 2014: $640,059Expenses 2014: $605,510Net Income 2014: $34,5492014Revenue 2015: $595,293Expenses 2015: $626,068Net Income 2015: -$30,7752015Revenue 2016: $635,300Expenses 2016: $630,819Net Income 2016: $4,4812016Revenue 2017: $667,770Expenses 2017: $631,185Net Income 2017: $36,5852017Revenue 2018: $715,121Expenses 2018: $635,665Net Income 2018: $79,4562018Revenue 2019: $721,279Expenses 2019: $683,083Net Income 2019: $38,1962019Revenue 2020: $716,651Expenses 2020: $699,137Net Income 2020: $17,5142020Revenue 2021: $966,100Expenses 2021: $826,319Net Income 2021: $139,7812021Revenue 2022: $1,019,248Expenses 2022: $1,026,389Net Income 2022: -$7,1412022Revenue 2023: $965,316Expenses 2023: $1,086,330Net Income 2023: -$121,0142023Revenue 2024: $1,077,171Expenses 2024: $1,195,358Net Income 2024: -$118,1872024

Highlighted filing

2016

Revenue$635,300
Expenses$630,819
Net Income$4,481
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 15, 2017
Return Version
2016v3.0
Gross Receipts
$636,391
Mission and Program Overview

Mission

To provide care of pre-school age children away from their homes in a manner that provides a safe, nurturing environment for the children and advances the community outreach mission of the first presbyterian church of burlington, nc. It is a five star licensed center which attempts to meet the wide-range of spiritual, physical, emotional, social and intellectual needs of each child within the framework of a protective environment. Our prime purpose is to provide a warm, accepting climate in which an educational thread links all of the program components.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,305$27,306▲ $5,001
Rtn Earn Endowment Incm Other Fnds$20,352$24,833▲ $4,481
Land, Buildings, and Equipment, Net$2,615$2,615→ $0
Total Assets$24,920$29,921▲ $5,001
Liabilities
Other Liabilities$4,568$5,088▲ $520
Total Liabilities$4,568$5,088▲ $520
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,352$24,833▲ $4,481
Total Liabilities and Net Assets / Fund Balance$24,920$29,921▲ $5,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,615-$2,615
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ronald ShiveSr Pastor an--$150,178$150,178
Lindsay ConradAssociate Pa--$60,980$60,980
Tracy BarkerDirector-$35,000$7,187$42,187
Nan WootenCDC Board anFT-$3,195$3,195

Board Members and Trustees

NameTitle
Betsy ReevesBoard Member
Candace MccallBoard Member
Charles ScottBoard Member
Cindy GilliamBoard Member
Margaret BartlettBoard Member
Penny LewisBoard Member
Emily HoustonCDC Board an
See Attached ListChurch Sessi
Peggy HarrelsonPres of Chur
Ronald ShiveSr Pastor and Pres
Jennings I Chandler IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$633,852
Investment Income
$0
Other Revenue
$1,448
Change in Net Assets
$4,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$552,526
Other Expenses$78,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$388,917--$388,917
Other Employee Benefits$133,857--$133,857
Payroll Taxes$29,752--$29,752
Occupancy$18,080--$18,080
Insurance$9,360--$9,360
Office Expenses$3,366--$3,366
Other Expenses$1,586--$1,586
All Other Expenses$1,521--$1,521
Total Functional Expenses$630,819$0$0$630,819
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,631
Fundraising Direct Expenses$1,091
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
Payroll Withholdings$5,088
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Paul reeves betsy reeves session board married penny lewis robert lewis board session married

Form 990, Page 6, Part VI, Line 6

Each active elder on the session of the first presbyterian church of burlington, nc, along with each installed pastor or associate pastor of the church, is an active member of the corporation. The bylaws of the corporation reserve certain major rights to the members of the session, including the election, removal and number of directors of the corporation, certain policies regarding directors, the right to designate the chair of the corporation, to amend the bylaws, and to merge or dissolve the corporation or sell or transfer all or substantially all of the corporation's property.

Form 990, Page 6, Part VI, Line 7A

Each active elder on the session of the first presbyterian church of burlington, nc, along with each installed pastor or associate pastor of the church, is an active member of the corporation. The bylaws of the corporation reserve certain major rights to the members of the session, including the election, removal and number of directors of the corporation, certain policies regarding directors, the right to designate the chair of the corporation, to amend the bylaws, and to merge or dissolve the corporation or sell or transfer all or substantially all of the corporation's property.

Form 990, Page 6, Part VI, Line 7B

Each active elder of the session of the first presbyterian church of burlington, nc, along with each installed pastor or associate pastor of the church, is an active member of the corporation. The bylaws of the corporation reserve certain major rights to the members of the session, including the election, removal and number of directors of the corporation, certain policies regarding directors, the right to designate the chair of the corporation, to amend the bylaws, and to merge or dissolve the corporation or sell or transfer all or substantially all of the corporation's property.

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

A copy of this document was provided to the members of the center's governing board at a meeting prior to its filing. The filing of this return was approved by a majority of the board.

Form 990, Page 6, Part VI, Line 12C

The corporation has a written conflict of interest policy which has been adopted by the board. This policy requires annual acknowledgment of the policy and agreement to comply with the policy.

Form 990, Page 6, Part VI, Line 15A

The director's compensation is annually reviewed by the board of directors and any adjustment requires a vote by the board. The president of the corporation who is also the senior pastor of the church and the associate pastors' compensation is part of the terms of call which are approved by the congregation under the book of order of the presbyterian church, (usa). The terms of this call are reviewed annually by the session of the church. The position of board chair is unpaid. Payments to the board chair by the church are for services as a member of the church choir and unrelated to work with the child development center.

Form 990, Page 6, Part VI, Line 15B

The director's compensation is annually reviewed by the board of directors and any adjustment requires a vote by the board. The president of the corporation who is also the senior pastor of the church and the associate pastors' compensation is part of the terms of call which are approved by the congregation under the book of order of the presbyterian church, (usa). The terms of this call are reviewed annually by the session of the church. The position of board chair is unpaid. Payments to the board chair by the church are for services as a member of the church choir and unrelated to work with the child development center.

Form 990, Page 6, Part VI, Line 18

A copy of the 990 is available at the corporation's offices and at www.guidestar.org.

Form 990, Page 6, Part VI, Line 19

The corporation's governing documents, conflict of interest policy, and form 990 are available at the corporation's offices.

Filing and Contact Details

Filer

Filer Name
Burlington First Presbyterian
EIN
45-5432913
Phone
3362281703
Address
508 W DAVIS STREET, BURLINGTON, NC 27215

Signing Officer

Name
Ronald Shive
Title
Sr Pastor and Pres
Phone
3362281703
Signed
2017-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Shive
Formed
2012
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
8
Employees
30

Preparer

Firm
Stout Stuart Mcgowen & King Llp
Address
PO BOX 1440, BURLINGTON, NC 27216-1440
Preparer
Thomas D Mcgowen Jr
Phone
3362267343
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide care of pre-school age children away from their homes in a manner that provides a safe, nurturing environment for the children and advances the community outreach mission of the first presbyterian church of burlington, nc. It is a five star licensed center which attempts to meet the wide-range of spiritual, physical, emotional, social and intellectual needs of each child within the framework of a protective environment. Our prime purpose is to provide a warm, accepting climate in which an educational thread links all of the program components.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SR PASTOR AND PRES
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OF THE CORPORATION WHO IS ALSO THE SENIOR PASTOR OF THE CHURCH'S COMPENSATION IS PART OF THE TERMS OF CALL WHICH ARE APPROVED BY THE CONGREGATION UNDER THE BOOK OF ORDER OF THE PRESBYTERIAN CHURCH (USA). THE TERMS OF THIS CALL ARE REVIEWED ANNUALLY BY THE SESSION OF THE CHURCH. THE PASTOR'S HOUSING ALLOWANCE IS PART OF THE TERMS OF CALL AND IS ESTABLISHED UNDER GUIDELINES ISSUED BY THE PRESBYTERIAN CHURCH, (USA).
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE CARE OF PRE-SCHOOL AGE CHILDREN AWAY FROM THEIR HOMES IN A MANNER THAT PROVIDES A SAFE, NURTURING ENVIRONMENT FOR THE CHILDREN AND ADVANCES THE COMMUNITY OUTREACH MISSION OF THE FIRST PRESBYTERIAN CHURCH OF BURLINGTON, NC. IT IS A FIVE STAR LICENSED CENTER WHICH ATTEMPTS TO MEET THE WIDE-RANGE OF SPIRITUAL, PHYSICAL, EMOTIONAL, SOCIAL AND INTELLECTUAL NEEDS OF EACH CHILD WITHIN THE FRAMEWORK OF A PROTECTIVE ENVIRONMENT. OUR PRIME PURPOSE IS TO PROVIDE A WARM, ACCEPTING CLIMATE IN WHICH AN EDUCATIONAL THREAD LINKS ALL OF THE PROGRAM COMPONENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAUL REEVES BETSY REEVES SESSION BOARD MARRIED PENNY LEWIS ROBERT LEWIS BOARD SESSION MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH ACTIVE ELDER ON THE SESSION OF THE FIRST PRESBYTERIAN CHURCH OF BURLINGTON, NC, ALONG WITH EACH INSTALLED PASTOR OR ASSOCIATE PASTOR OF THE CHURCH, IS AN ACTIVE MEMBER OF THE CORPORATION. THE BYLAWS OF THE CORPORATION RESERVE CERTAIN MAJOR RIGHTS TO THE MEMBERS OF THE SESSION, INCLUDING THE ELECTION, REMOVAL AND NUMBER OF DIRECTORS OF THE CORPORATION, CERTAIN POLICIES REGARDING DIRECTORS, THE RIGHT TO DESIGNATE THE CHAIR OF THE CORPORATION, TO AMEND THE BYLAWS, AND TO MERGE OR DISSOLVE THE CORPORATION OR SELL OR TRANSFER ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH ACTIVE ELDER ON THE SESSION OF THE FIRST PRESBYTERIAN CHURCH OF BURLINGTON, NC, ALONG WITH EACH INSTALLED PASTOR OR ASSOCIATE PASTOR OF THE CHURCH, IS AN ACTIVE MEMBER OF THE CORPORATION. THE BYLAWS OF THE CORPORATION RESERVE CERTAIN MAJOR RIGHTS TO THE MEMBERS OF THE SESSION, INCLUDING THE ELECTION, REMOVAL AND NUMBER OF DIRECTORS OF THE CORPORATION, CERTAIN POLICIES REGARDING DIRECTORS, THE RIGHT TO DESIGNATE THE CHAIR OF THE CORPORATION, TO AMEND THE BYLAWS, AND TO MERGE OR DISSOLVE THE CORPORATION OR SELL OR TRANSFER ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH ACTIVE ELDER OF THE SESSION OF THE FIRST PRESBYTERIAN CHURCH OF BURLINGTON, NC, ALONG WITH EACH INSTALLED PASTOR OR ASSOCIATE PASTOR OF THE CHURCH, IS AN ACTIVE MEMBER OF THE CORPORATION. THE BYLAWS OF THE CORPORATION RESERVE CERTAIN MAJOR RIGHTS TO THE MEMBERS OF THE SESSION, INCLUDING THE ELECTION, REMOVAL AND NUMBER OF DIRECTORS OF THE CORPORATION, CERTAIN POLICIES REGARDING DIRECTORS, THE RIGHT TO DESIGNATE THE CHAIR OF THE CORPORATION, TO AMEND THE BYLAWS, AND TO MERGE OR DISSOLVE THE CORPORATION OR SELL OR TRANSFER ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A COPY OF THIS DOCUMENT WAS PROVIDED TO THE MEMBERS OF THE CENTER'S GOVERNING BOARD AT A MEETING PRIOR TO ITS FILING. THE FILING OF THIS RETURN WAS APPROVED BY A MAJORITY OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CORPORATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH HAS BEEN ADOPTED BY THE BOARD. THIS POLICY REQUIRES ANNUAL ACKNOWLEDGMENT OF THE POLICY AND AGREEMENT TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE DIRECTOR'S COMPENSATION IS ANNUALLY REVIEWED BY THE BOARD OF DIRECTORS AND ANY ADJUSTMENT REQUIRES A VOTE BY THE BOARD. THE PRESIDENT OF THE CORPORATION WHO IS ALSO THE SENIOR PASTOR OF THE CHURCH AND THE ASSOCIATE PASTORS' COMPENSATION IS PART OF THE TERMS OF CALL WHICH ARE APPROVED BY THE CONGREGATION UNDER THE BOOK OF ORDER OF THE PRESBYTERIAN CHURCH, (USA). THE TERMS OF THIS CALL ARE REVIEWED ANNUALLY BY THE SESSION OF THE CHURCH. THE POSITION OF BOARD CHAIR IS UNPAID. PAYMENTS TO THE BOARD CHAIR BY THE CHURCH ARE FOR SERVICES AS A MEMBER OF THE CHURCH CHOIR AND UNRELATED TO WORK WITH THE CHILD DEVELOPMENT CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE DIRECTOR'S COMPENSATION IS ANNUALLY REVIEWED BY THE BOARD OF DIRECTORS AND ANY ADJUSTMENT REQUIRES A VOTE BY THE BOARD. THE PRESIDENT OF THE CORPORATION WHO IS ALSO THE SENIOR PASTOR OF THE CHURCH AND THE ASSOCIATE PASTORS' COMPENSATION IS PART OF THE TERMS OF CALL WHICH ARE APPROVED BY THE CONGREGATION UNDER THE BOOK OF ORDER OF THE PRESBYTERIAN CHURCH, (USA). THE TERMS OF THIS CALL ARE REVIEWED ANNUALLY BY THE SESSION OF THE CHURCH. THE POSITION OF BOARD CHAIR IS UNPAID. PAYMENTS TO THE BOARD CHAIR BY THE CHURCH ARE FOR SERVICES AS A MEMBER OF THE CHURCH CHOIR AND UNRELATED TO WORK WITH THE CHILD DEVELOPMENT CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9A COPY OF THE 990 IS AVAILABLE AT THE CORPORATION'S OFFICES AND AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE CORPORATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FORM 990 ARE AVAILABLE AT THE CORPORATION'S OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PAGE 6, PART VI, LINE 19
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