Civic Intelligence

Forcharlotte Inc.

990 • Fiscal year 2018 • EIN 47-4463729

Jan 01, 2018 to Dec 31, 2018 • Filed on May 12, 2019

7427 Matthews Mint Hill Road SteCharlotte, NC 28227

(704) 578-0771

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.01x

Higher debt load relative to assets than 52% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

46th percentile

0.00x

Higher debt load relative to revenue than 46% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Source year 2018

Net Margin

24th percentile

-3.1%

Higher net margin than 24% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2018 filings • NTEE X • $500k-$1M nonprofits • Source year 2018

Asset Growth

14th percentile

-15%

Faster asset growth than 14% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

-4.4%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$195,947

Down $35,707 (-15%) from 2017

Net Assets

Down

$193,564

Down $17,553 (-8.3%) from 2017

Liabilities

Down

$2,383

Down $18,154 (-88%) from 2017

Revenue

Down

$573,498

Down $26,119 (-4.4%) from 2017

Expenses

Up

$591,051

Up $141,470 (+31%) from 2017

Net Income

Down

-$17,553

Down $167,589 (-112%) from 2017

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 2015: $118,550Liabilities 2015: $0Net Assets 2015: $118,5502015Assets 2016: $62,065Liabilities 2016: $983Net Assets 2016: $61,0822016Assets 2017: $231,654Liabilities 2017: $20,537Net Assets 2017: $211,1172017Assets 2018: $195,947Liabilities 2018: $2,383Net Assets 2018: $193,5642018Assets 2019: $277,818Liabilities 2019: $4,349Net Assets 2019: $273,4692019Assets 2020: $371,001Liabilities 2020: $41,857Net Assets 2020: $329,1442020Assets 2021: $537,624Liabilities 2021: $41,860Net Assets 2021: $495,7642021Assets 2022: $530,840Liabilities 2022: $6,588Net Assets 2022: $524,2522022Assets 2023: $620,747Liabilities 2023: $14,161Net Assets 2023: $606,5862023Assets 2024: $1,169,740Liabilities 2024: $23,183Net Assets 2024: $1,146,5572024

Highlighted filing

2018

Assets$195,947
Liabilities$2,383
Net Assets$193,564

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $131,182Expenses 2015: $12,632Net Income 2015: $118,5502015Revenue 2016: $197,126Expenses 2016: $254,694Net Income 2016: -$57,5682016Revenue 2017: $599,617Expenses 2017: $449,581Net Income 2017: $150,0362017Revenue 2018: $573,498Expenses 2018: $591,051Net Income 2018: -$17,5532018Revenue 2019: $681,575Expenses 2019: $601,696Net Income 2019: $79,8792019Revenue 2020: $403,193Expenses 2020: $348,336Net Income 2020: $54,8572020Revenue 2021: $607,642Expenses 2021: $438,785Net Income 2021: $168,8572021Revenue 2022: $502,375Expenses 2022: $473,887Net Income 2022: $28,4882022Revenue 2023: $647,544Expenses 2023: $565,226Net Income 2023: $82,3182023Revenue 2024: $1,248,802Expenses 2024: $708,831Net Income 2024: $539,9712024

Highlighted filing

2018

Revenue$573,498
Expenses$591,051
Net Income-$17,553
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 12, 2019
Return Version
2018v3.1
Gross Receipts
$573,498
Mission and Program Overview

Mission

To promote unity among churches in Charlotte, NC

To unite the Church to transform the city through the power of the Gospel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$211,117$193,564▼ $17,553
Cash and Non-Interest-Bearing Accounts$221,329$174,422▼ $46,907
Pledges and Grants Receivable-$10,000-
Total Assets$231,654$195,947▼ $35,707
Other Assets Total$10,325$11,525▲ $1,200
Liabilities
Accounts Payable and Accrued Expenses$20,537$2,383▼ $18,154
Total Liabilities$20,537$2,383▼ $18,154
Net Assets / Fund Balance
Total Net Assets Fund Balance$211,117$193,564▼ $17,553
Total Liabilities and Net Assets / Fund Balance$231,654$195,947▼ $35,707

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,325--
Compensation and Service Providers

Board Members and Trustees

NameTitle
RJ CaswellBoard Chair
Alex KennedyBoard Member
Casey CrawfordBoard Member
Ivan HinrichsBoard Member
RJ DavisBoard Member
J K CobbSr VP & CFO - Board Member
Robert D KellyCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$573,498
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$573,498
Change in Net Assets
$-17,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$321,619
Salaries, Compensation, and Employee Benefits$269,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$179,908$4,475-$179,908
Current Officers, Directors, Trustees, and Key Employees$82,500$20,000-$102,500
Other Salaries and Wages$83,821--$83,821
Other Employee Benefits$61,953--$61,953
All Other Expenses$25,000--$25,000
Payroll Taxes$21,158--$21,158
Information Technology$11,230$3,743-$14,973
Travel$3,509$3,040-$6,549
Office Expenses$660$4,551-$5,211
Insurance$1,000$469-$1,469
Advertising$380--$380
Total Functional Expenses$554,773$36,278$0$591,051
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
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
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 governing body review Part VI line 11

The Board of Directors approves the filing of the annual 990. No review was conducted or will be conducted.

Conflict of interest policy compliance Part VI line 12C

The company has a written conflict of interest policy and the Board of Directors reviews the policy for any activities directly impacting a Board Member or Officer, and takes any actions stipulated in the conflict of interest policy as appropriate.

CEO executive director top management comp Part VI line 15A

All compensation adjustments for the company leadership are initiated by the Board of Directors. For any compensation adjustments for the leadership of the company, the Board researches comparable compensation levels in similar organizations in its geography as well as national publications for similar positions. Any compensation offers or adjustments must be approved by the Board after such research.

Governing documents etc available to public Part VI line 19

The governing documents of the organization are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
For Charlotte Inc
EIN
47-4463729
Address
7427 Matthews Mint Hill Road Ste, Charlotte, NC 28227

Signing Officer

Name
Robert D Kelly JR
Title
Executive Direc
Phone
7049955131
Signed
2019-05-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Robert D Kelly
Formed
2015
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
5
Employees
7

Preparer

Firm
Cobb Pllc
Address
7427 Mat M Hill Rd 105-180, Charlotte, NC 28227
Preparer
J Kevin Cobb
Phone
7045780771
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Rounding error adjustment of $1 to reconcile ending Net Assets

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors approves the filing of the annual 990. No review was conducted or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The company has a written conflict of interest policy and the Board of Directors reviews the policy for any activities directly impacting a Board Member or Officer, and takes any actions stipulated in the conflict of interest policy as appropriate.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All compensation adjustments for the company leadership are initiated by the Board of Directors. For any compensation adjustments for the leadership of the company, the Board researches comparable compensation levels in similar organizations in its geography as well as national publications for similar positions. Any compensation offers or adjustments must be approved by the Board after such research.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert D Kelly JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum07049955131
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0For Charlotte Inc
ReturnHeader/Filer/BusinessNameControlTxt0FORC
ReturnHeader/Filer/EIN0474463729
ReturnHeader/Filer/USAddress/AddressLine1Txt07427 Matthews Mint Hill Road Ste
ReturnHeader/Filer/USAddress/CityNm0Charlotte
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-06-18
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.191.186.241
ReturnHeader/FilingSecurityInformation/IPDt02020-06-18
ReturnHeader/FilingSecurityInformation/IPTm021:52:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271507264
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COBB PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07427 Mat M Hill Rd 105-180
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Charlotte
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum07045780771
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J Kevin Cobb
ReturnHeader/ReturnTs02020-06-18T21:47:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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