Civic Intelligence

Made in Durham

990 • Fiscal year 2020 • EIN 47-2262963

Jul 01, 2019 to Jun 30, 2020 • Filed on May 15, 2021

359 Blackwell Street 200Durham, NC 27701

(919) 627-6419

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.17x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

41st percentile

0.08x

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

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$95,774

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

96th percentile

270%

Faster asset growth than 96% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

43%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$562,587

Up $410,419 (+270%) from 2019

Net Assets

Up

$468,522

Up $435,831 (+1333%) from 2019

Liabilities

Down

$94,065

Down $25,412 (-21%) from 2019

Revenue

Up

$1,122,452

Up $336,926 (+43%) from 2019

Expenses

Down

$686,621

Down $117,326 (-15%) from 2019

Net Income

Up

$435,831

Up $454,252 (+2466%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $247,302Liabilities 2016: $30,843Net Assets 2016: $216,4592016Assets 2017: $220,140Liabilities 2017: $28,400Net Assets 2017: $191,7402017Assets 2018: $78,488Liabilities 2018: $27,376Net Assets 2018: $51,1122018Assets 2019: $152,168Liabilities 2019: $119,477Net Assets 2019: $32,6912019Assets 2020: $562,587Liabilities 2020: $94,065Net Assets 2020: $468,5222020Assets 2021: $1,011,963Liabilities 2021: $107,849Net Assets 2021: $904,1142021Assets 2022: $942,546Liabilities 2022: $23,968Net Assets 2022: $918,5782022Assets 2023: $527,136Liabilities 2023: $55,773Net Assets 2023: $471,3632023Assets 2024: $1,137,301Liabilities 2024: $299,672Net Assets 2024: $837,6292024

Highlighted filing

2020

Assets$562,587
Liabilities$94,065
Net Assets$468,522

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $672,662Expenses 2016: $456,203Net Income 2016: $216,4592016Revenue 2017: $559,002Expenses 2017: $583,721Net Income 2017: -$24,7192017Revenue 2018: $714,178Expenses 2018: $854,806Net Income 2018: -$140,6282018Revenue 2019: $785,526Expenses 2019: $803,947Net Income 2019: -$18,4212019Revenue 2020: $1,122,452Expenses 2020: $686,621Net Income 2020: $435,8312020Revenue 2021: $973,265Expenses 2021: $537,673Net Income 2021: $435,5922021Revenue 2022: $583,049Expenses 2022: $668,585Net Income 2022: -$85,5362022Revenue 2023: $545,027Expenses 2023: $992,242Net Income 2023: -$447,2152023Revenue 2024: $2,464,715Expenses 2024: $2,098,449Net Income 2024: $366,2662024

Highlighted filing

2020

Revenue$1,122,452
Expenses$686,621
Net Income$435,831
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 15, 2021
Return Version
2019v5.2
Gross Receipts
$1,122,452
Mission and Program Overview

Mission

We are a community partnership of educators, business, government, youth-serving nonprofits and young people mobilized to achieve a shared vision that all of durham's youth will complete high school and a post-secondary credential and begin a rewarding career by age 25.

Made in durham is a community partnership of educators, business, government, nonprofits, youth, and young adults mobilized around a shared vision that all of durham's youth will complete high school and a postsecondary credential and begin a rewarding career by the age of 25.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$56,000$337,500▲ $281,500
Cash and Non-Interest-Bearing Accounts$67,932$220,087▲ $152,155
Accounts Receivable$27,737$5,000▼ $22,737
Prepaid Expenses and Deferred Charges$499--
Total Assets$152,168$562,587▲ $410,419
Liabilities
Mortgage Notes Payable Secured by Investment Property$100,000--
Other Liabilities$0$84,940▲ $84,940
Accounts Payable and Accrued Expenses$19,477$9,125▼ $10,352
Total Liabilities$119,477$94,065▼ $25,412
Net Assets / Fund Balance
Net Assets With Donor Restrictions$53,500$380,000▲ $326,500
Net Assets Without Donor Restrictions$-20,809$88,522▲ $109,331
Total Net Assets Fund Balance$32,691$468,522▲ $435,831
Total Liabilities and Net Assets / Fund Balance$152,168$562,587▲ $410,419
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Casey SteinbacherExecutive DirectorFT$89,845$5,929$95,774

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,122,447
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$0
All Other Contributions
$822,447
Change in Net Assets
$435,831

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,122,452
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,122,452
Total Revenue per Form 990
$1,122,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$398,692
Other Expenses$287,929
Total Fundraising Expense$3,316
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$242,531$1,186-$243,717
Fees for Services Other$126,838--$126,838
Current Officers, Directors, Trustees, and Key Employees$55,320$28,100$3,100$86,520
Fees for Services Accounting-$50,876-$50,876
Other Employee Benefits$35,650$4,577$216$40,443
Payroll Taxes$24,866$3,146-$28,012
Insurance-$9,444-$9,444
Occupancy-$7,200-$7,200
Information Technology-$6,181-$6,181
All Other Expenses$368$4,976-$5,344
Other Expenses$3,200$3,652-$3,200
Office Expenses-$1,226-$1,226
Travel-$72-$72
Total Functional Expenses$562,669$120,636$3,316$686,621

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$686,621
Total Expenses per Audited Statements$686,621
Total Expenses per Form 990$686,621
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Sba Paycheck Protection Program Loan$84,940
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 tax return is provided to all members of the board of directors and is reviewed in detail by the executive director, treasurer, and the management committee of the board of directors.

Form 990, Part VI, Section B, Line 15A

Salaries are reviewed by the board of directors periodically.

Form 990, Part VI, Section C, Line 18

Made in durham makes its 990 available to the public by making the following statements on its website: "made in durham's most recent irs form 990 is available on guidestar. Made in durham's 990 is also available upon request by contacting the executive director"

Form 990, Part VI, Section C, Line 19

Made in durham's audited financial statements are available to individual donors, corporations, foundations, and others considering a gift or grant to made in durham. Made in durham's governing documents are available upon request of the executive director.

Filing and Contact Details

Filer

Filer Name
Made in Durham
EIN
47-2262963
Phone
9196276419
Address
359 BLACKWELL STREET 200, DURHAM, NC 27701

Signing Officer

Name
Henry Scherich
Title
Treasurer
Phone
9196276419
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry Scherich
Formed
2014
Legal Domicile
Nc
Voting Board Members
22
Independent Board Members
21
Employees
9
Volunteers
25

Preparer

Firm
Koonce Wooten & Haywood Llp
Address
P O BOX 17806, RALEIGH, NC 27619-7806
Preparer
H Lowell Oakley Jr
Phone
9197829265
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 126,838. Management and general expenses 0. Fundraising expenses 0. Total expenses 126,838.

Part XII, Line 2C Explanation

The audit oversight process has not changed from the prior year.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/FormationYr02014
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IRS990/FSAuditedInd01
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IRS990/GrantsToOrganizationsInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION SERVES AS THE BACKBONE TO FACILITATE AND SUSTAIN THE MADE IN DURHAM PARTNERSHIP, CONSISTING OF COMMUNITY PARTNERS FROM BUSINESS, GOVERNMENT, EDUCATION, AND THE NONPROFIT SECTOR. THE PARTNERSHIP STRIVES TO WORK COLLABORATIVELY TO VISION AND CREATE AN EDUCATION-TO-CAREER SYSTEM FOR DURHAM YOUTH.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA PAYCHECK PROTECTION PROGRAM LOAN
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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