Civic Intelligence

Smart Kinston City Project Foundation

990EZ • Fiscal year 2020 • EIN 46-3476101

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 14, 2021

604 North Queen StKinston, NC 28504

(252) 208-2527

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

48th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

19th percentile

-24%

Higher net margin than 19% 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

6th percentile

-55%

Faster asset growth than 6% of similar nonprofits.

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

Revenue Growth

48th percentile

-7.1%

Faster revenue growth than 48% of similar nonprofits.

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

Assets

Down

$17,538

Down $21,573 (-55%) from 2019

Net Assets

Down

$17,538

Down $20,051 (-53%) from 2019

Liabilities

Down

$0

Down $1,522 (-100%) from 2019

Revenue

Down

$60,320

Down $4,623 (-7.1%) from 2019

Expenses

Down

$74,895

Down $15,066 (-17%) from 2019

Net Income

Up

-$14,575

Up $10,443 (+42%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $116,657Liabilities 2014: $0Net Assets 2014: $116,6572014Assets 2015: $215,826Liabilities 2015: $3,540Net Assets 2015: $212,2862015Assets 2016: $140,748Liabilities 2016: $4,286Net Assets 2016: $136,4622016Assets 2017: $189,631Liabilities 2017: $15,262Net Assets 2017: $174,3692017Assets 2018: $63,739Liabilities 2018: $1,132Net Assets 2018: $62,6072018Assets 2019: $39,111Liabilities 2019: $1,522Net Assets 2019: $37,5892019Assets 2020: $17,538Liabilities 2020: $0Net Assets 2020: $17,5382020Assets 2021: $61,720Liabilities 2021: $876Net Assets 2021: $60,8442021Assets 2022: $128,642Liabilities 2022: $354Net Assets 2022: $128,2882022Assets 2023: $167,488Liabilities 2023: $5,348Net Assets 2023: $162,1402023Assets 2024: $200,307Liabilities 2024: $0Net Assets 2024: $200,3072024

Highlighted filing

2020

Assets$17,538
Liabilities$0
Net Assets$17,538

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $116,657Expenses 2014: $0Net Income 2014: $116,6572014Revenue 2015: $149,930Expenses 2015: $54,301Net Income 2015: $95,6292015Revenue 2016: $4,429Expenses 2016: $80,253Net Income 2016: -$75,8242016Revenue 2017: $168,564Expenses 2017: $130,657Net Income 2017: $37,9072017Revenue 2018: $16,324Expenses 2018: $128,086Net Income 2018: -$111,7622018Revenue 2019: $64,943Expenses 2019: $89,961Net Income 2019: -$25,0182019Revenue 2020: $60,320Expenses 2020: $74,895Net Income 2020: -$14,5752020Revenue 2021: $102,137Expenses 2021: $58,831Net Income 2021: $43,3062021Revenue 2022: $126,958Expenses 2022: $59,514Net Income 2022: $67,4442022Revenue 2023: $65,249Expenses 2023: $66,191Net Income 2023: -$9422023Revenue 2024: $98,433Expenses 2024: $60,266Net Income 2024: $38,1672024

Highlighted filing

2020

Revenue$60,320
Expenses$74,895
Net Income-$14,575
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 14, 2021
Return Version
2020v4.1
Gross Receipts
$60,320
Mission and Program Overview

Mission

To allow the public and organizations to participate in the revitalization of certain downtown areas in order to attract certain creative workforces and cultural tourists.

Program Services

DescriptionGrantsExpenses
WITH RELOCATION OF FIRST ARTISTS, SMART KINSTON HAS BEGUN TO SEE THE FRUITS OF ITS PREPARATORY WORK. APPLICATIONS CONTINUE TO COME IN AS WE SHAPE THE ARTS AND CULTURAL DISTRICT INTO THE FOCAL POINT OF KINSTON'S REVITALIZATION EFFORTS. CONSTRUCTION ON ARTS RIVERWALK AND NEIGHBORHOOD ENTRANCE HAS BEGUN AND WILL SOON SOLIDIFY DISTRICT AS A DESTINATION.RECRUITMENT OF ARTISTS CONTINUES. PROMOTION OF PROJECT HAS RECEIVED MUCH LOCAL MEDIA ATTENTION, BUT SOON WILL GROW INTO REGIONAL AND STATEWIDE PUBLICITY AS SCOPE OF RECRUITMENT REACH INCREASES. CONTINUED SUPPORT FROM LOCAL BUSINESSES HAS BROADENED REACH OF RECRUITMENT EFFORTS. CONSTRUCTION ON PUBLIC ART ENTRANCE TO NEIGHBORHOOD IS COMPLETE AND PARTNERSHIPS WITH LEGACY NON-PROFITS HAVE LED TO PROCEEDS SHARING FROM LOCAL EVENTS AND JOINT INITIATIVES. THE ARTS COUNCIL, COOPERATIVE EXTENSION AND PUBLIC SCHOOL SYSTEM COLLABORATING TO MAKE ENTRANCE PART OF SCHOOL CURRICULA. DONATION FROM COMMITTEE OF 100 SHOWS WILLINGNESS OF LOCAL LEADERS OF COMMERCE TO INVEST IN THE DISTRICT, WHICH THEY VIEW AS AN ARTS-BASED BUSINESS INCUBATOR. COMMUNITY COLLEGE PARTNERSHIP CONTINUES TO PROVIDE RESOURCE FOR ARTISTS STARTING THEIR FIRST BUSINESSES. CONTINUED SUPPORT FROM RESTAURATEURS AND OTHER BUSINESS OWNERS, BOTH FINANCIALLY AND THROUGH PROMOTION, HAS LED TO AN UPSWING IN TOURS OF THE NEIGHBORHOOD AND CONVERSATIONS WITH ADDITIONAL STAKEHOLDERS ABOUT FUTURE PARTNERSHIPS.$31,500$74,693
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN B HILLChairman-$0--
GLENN GANNETTTreasurer-$0--
STUART LINDLEYBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Smart Kinston City Project Foundation
EIN
46-3476101
Phone
2522082527
Address
604 NORTH QUEEN ST, KINSTON, NC 28504

Signing Officer

Name
Stephen B Hill
Title
President
Phone
2522082527
Signed
2021-10-14
Discuss with paid preparer
Yes

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: artist relocation. Grantee name: individual. Grantee relationship: none. Amount given: 1,500.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: grants (4 individuals). Grantee name: individual. Grantee address: 604 north queen street kinston, nc 28504. Grantee relationship: none. Amount given: 9,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: raney rogers-smart gallery. Grantee name: organization. Grantee address: 412 pollock street kinston, nc 28501. Grantee relationship: none. Amount given: 3,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: art supplies. Grantee name: individual. Grantee address: 604 north queen street kinston, nc 28504. Grantee relationship: none. Amount given: 3,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: community council for the arts. Grantee name: organization. Grantee address: 400 n queen street kinston, nc 28501. Grantee relationship: none. Amount given: 15,000. Total included on form 990-ez, line 10: 31,500.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office supplies. Amount: 632. Description: advertising. Amount: 12,091. Description: travel. Amount: 1,656. Description: miscellaneous. Amount: 629. Description: meals. Amount: 152. Description: telephone. Amount: 427. Description: memberships and dues. Amount: 195. Description: equipment expense. Amount: 470. Total to form 990-ez, line 16: 16,252.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: adjustment for fixed asset accumulated depreciation. Amount: -3,068. Description: adjustment for write off of payroll liability. Amount: -2,408. Total to form 990-ez, line 20: -5,476.

Form 990-ez, Part II, Line 24 - Other Assets

Description: payroll asset. Beg. Of year amount: 2,408. End of year amount: 0. Description: other. Beg. Of year amount: 0. End of year amount: 24. Description: other depreciable assets. Beg. Of year amount: 3,068. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 1,522. End of year amount: 0.

Raw XML Appendix165 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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IRS990EZ/PrimaryExemptPurposeTxt0TO ALLOW THE PUBLIC AND ORGANIZATIONS TO PARTICIPATE IN THE REVITALIZATION OF CERTAIN DOWNTOWN AREAS IN ORDER TO ATTRACT CERTAIN CREATIVE WORKFORCES AND CULTURAL TOURISTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0WITH RELOCATION OF FIRST ARTISTS, SMART KINSTON HAS BEGUN TO SEE THE FRUITS OF ITS PREPARATORY WORK. APPLICATIONS CONTINUE TO COME IN AS WE SHAPE THE ARTS AND CULTURAL DISTRICT INTO THE FOCAL POINT OF KINSTON'S REVITALIZATION EFFORTS. CONSTRUCTION ON ARTS RIVERWALK AND NEIGHBORHOOD ENTRANCE HAS BEGUN AND WILL SOON SOLIDIFY DISTRICT AS A DESTINATION.RECRUITMENT OF ARTISTS CONTINUES. PROMOTION OF PROJECT HAS RECEIVED MUCH LOCAL MEDIA ATTENTION, BUT SOON WILL GROW INTO REGIONAL AND STATEWIDE PUBLICITY AS SCOPE OF RECRUITMENT REACH INCREASES. CONTINUED SUPPORT FROM LOCAL BUSINESSES HAS BROADENED REACH OF RECRUITMENT EFFORTS. CONSTRUCTION ON PUBLIC ART ENTRANCE TO NEIGHBORHOOD IS COMPLETE AND PARTNERSHIPS WITH LEGACY NON-PROFITS HAVE LED TO PROCEEDS SHARING FROM LOCAL EVENTS AND JOINT INITIATIVES. THE ARTS COUNCIL, COOPERATIVE EXTENSION AND PUBLIC SCHOOL SYSTEM COLLABORATING TO MAKE ENTRANCE PART OF SCHOOL CURRICULA. DONATION FROM COMMITTEE OF 100 SHOWS WILLINGNESS OF LOCAL LEADERS OF COMMERCE TO INVEST IN THE DISTRICT, WHICH THEY VIEW AS AN ARTS-BASED BUSINESS INCUBATOR. COMMUNITY COLLEGE PARTNERSHIP CONTINUES TO PROVIDE RESOURCE FOR ARTISTS STARTING THEIR FIRST BUSINESSES. CONTINUED SUPPORT FROM RESTAURATEURS AND OTHER BUSINESS OWNERS, BOTH FINANCIALLY AND THROUGH PROMOTION, HAS LED TO AN UPSWING IN TOURS OF THE NEIGHBORHOOD AND CONVERSATIONS WITH ADDITIONAL STAKEHOLDERS ABOUT FUTURE PARTNERSHIPS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: ARTIST RELOCATION. GRANTEE NAME: INDIVIDUAL. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 1,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: GRANTS (4 INDIVIDUALS). GRANTEE NAME: INDIVIDUAL. GRANTEE ADDRESS: 604 NORTH QUEEN STREET KINSTON, NC 28504. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 9,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: RANEY ROGERS-SMART GALLERY. GRANTEE NAME: ORGANIZATION. GRANTEE ADDRESS: 412 POLLOCK STREET KINSTON, NC 28501. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: ART SUPPLIES. GRANTEE NAME: INDIVIDUAL. GRANTEE ADDRESS: 604 NORTH QUEEN STREET KINSTON, NC 28504. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: COMMUNITY COUNCIL FOR THE ARTS. GRANTEE NAME: ORGANIZATION. GRANTEE ADDRESS: 400 N QUEEN STREET KINSTON, NC 28501. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 15,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 31,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 632. DESCRIPTION: ADVERTISING. AMOUNT: 12,091. DESCRIPTION: TRAVEL. AMOUNT: 1,656. DESCRIPTION: MISCELLANEOUS. AMOUNT: 629. DESCRIPTION: MEALS. AMOUNT: 152. DESCRIPTION: TELEPHONE. AMOUNT: 427. DESCRIPTION: MEMBERSHIPS AND DUES. AMOUNT: 195. DESCRIPTION: EQUIPMENT EXPENSE. AMOUNT: 470. TOTAL TO FORM 990-EZ, LINE 16: 16,252.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: ADJUSTMENT FOR FIXED ASSET ACCUMULATED DEPRECIATION. AMOUNT: -3,068. DESCRIPTION: ADJUSTMENT FOR WRITE OFF OF PAYROLL LIABILITY. AMOUNT: -2,408. TOTAL TO FORM 990-EZ, LINE 20: -5,476.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION: PAYROLL ASSET. BEG. OF YEAR AMOUNT: 2,408. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 24. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 3,068. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 1,522. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN B HILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02522082527
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SMART KINSTON CITY PROJECT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SMAR
ReturnHeader/Filer/EIN0463476101
ReturnHeader/Filer/PhoneNum02522082527
ReturnHeader/Filer/USAddress/AddressLine1Txt0604 NORTH QUEEN ST
ReturnHeader/Filer/USAddress/CityNm0KINSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028504
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560747981
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIXON HUGHES GOODMAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 RIDGEFIELD COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028806
ReturnHeader/PreparerPersonGrp/PhoneNum08282542254
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY BIBBY
ReturnHeader/ReturnTs02021-10-14T09:20:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HILL
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • NTEE S30 • <$500k nonprofits