Civic Intelligence

Hickory Firemens Local Relief Fund

990 • Fiscal year 2024 • EIN 47-2497737

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 06, 2024

19 2nd Street Dr NEHickory, NC 28601

(828) 323-7504

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

2024 filings • NTEE M • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.00x

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

2024 filings • NTEE M • $500k-$1M nonprofits • Source year 2024

Net Margin

44th percentile

11%

Higher net margin than 44% of similar nonprofits.

2024 filings • NTEE M • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2024 filings • NTEE M • $500k-$1M nonprofits • Source year 2024

Asset Growth

39th percentile

1.4%

Faster asset growth than 39% of similar nonprofits.

2024 filings • NTEE M • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

28%

Faster revenue growth than 74% of similar nonprofits.

2024 filings • NTEE M • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$706,231

Up $10,048 (+1.4%) from 2023

Net Assets

Up

$706,231

Up $10,048 (+1.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$94,918

Up $20,613 (+28%) from 2023

Expenses

Up

$84,870

Up $10,005 (+13%) from 2023

Net Income

Up

$10,048

Up $10,608 (+1894%) from 2023

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2018: $698,265Liabilities 2018: $0Net Assets 2018: $698,2652018Assets 2019: $709,490Liabilities 2019: $0Net Assets 2019: $709,4902019Assets 2020: $705,443Liabilities 2020: $0Net Assets 2020: $705,4432020Assets 2021: $700,432Liabilities 2021: $0Net Assets 2021: $700,4322021Assets 2022: $696,743Liabilities 2022: $0Net Assets 2022: $696,7432022Assets 2023: $696,183Liabilities 2023: $0Net Assets 2023: $696,1832023Assets 2024: $706,231Liabilities 2024: $0Net Assets 2024: $706,2312024Assets 2025: $741,153Liabilities 2025: $0Net Assets 2025: $741,1532025

Highlighted filing

2024

Assets$706,231
Liabilities$0
Net Assets$706,231

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2018: $77,834Expenses 2018: $59,423Net Income 2018: $18,4112018Revenue 2019: $78,076Expenses 2019: $66,850Net Income 2019: $11,2262019Revenue 2020: $71,422Expenses 2020: $74,580Net Income 2020: -$3,1582020Revenue 2021: $68,724Expenses 2021: $74,624Net Income 2021: -$5,9002021Revenue 2022: $81,750Expenses 2022: $84,550Net Income 2022: -$2,8002022Revenue 2023: $74,305Expenses 2023: $74,865Net Income 2023: -$5602023Revenue 2024: $94,918Expenses 2024: $84,870Net Income 2024: $10,0482024Revenue 2025: $126,429Expenses 2025: $91,507Net Income 2025: $34,9222025

Highlighted filing

2024

Revenue$94,918
Expenses$84,870
Net Income$10,048
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$94,918
Mission and Program Overview

Mission

Retirement supplement funding.

An organization to provide a supplemental reitrement fund for the firemen of the city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$696,183$706,231▲ $10,048
Savings and Temporary Cash Investments$638,213$645,839▲ $7,626
Cash and Non-Interest-Bearing Accounts$57,970$60,392▲ $2,422
Total Assets$696,183$706,231▲ $10,048
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$696,183$706,231▲ $10,048
Total Liabilities and Net Assets / Fund Balance$696,183$706,231▲ $10,048
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt HutchinsonChairman of the Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$38,405
Investment Income
$0
Other Revenue
$56,513
Change in Net Assets
$10,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$900
Other Expenses---$30
Total Functional Expenses$0$0$0$84,870
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Backup withholding compliance
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, Part VI, Section A, Line 11B

The yearly meeting is usually held within 90 days of the year end date of June 30th. It is held to go over and review the receipts and disbursements of funds over the last twelve months. The six officers are brought up to date on the activities and are made aware of the figures included in the financials statments and the Form 990.

Form 990, Part VI, Section A, Line 19

Our documents, policies, financial statements and the form 990 are available at the Hickory fire stations administrative office for anyone to examine on request. All documents and forms are available 9-5 weekly.

Filing and Contact Details

Filer

Filer Name
Hickory Firemen Local Relief Fund
EIN
47-2497737
Phone
8283237504
Address
19 2nd Street Dr NE, Hickory, NC 28601

Signing Officer

Name
Matt Hutchinson
Title
Chairman of the Board
Phone
8283237504
Signed
2024-11-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Matt Hutchinson
Formed
2014
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
0
Employees
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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