Civic Intelligence

North Carolina Self Storage Assoc

EIN 55-0815449 • 501(c)6 • Raleigh, NC

Profile

Promote common business interest

701 Exposition Place 206Raleigh, NC 27615

www.ncssaonline.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.43x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

0.50x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

67th percentile

9.7%

Higher net margin than 67% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

93rd percentile

59%

Faster asset growth than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

90th percentile

56%

Faster revenue growth than 90% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$380,047

Down $9,223 (-2.4%) from 2023

Liabilities

Down

$96,834

Down $37,350 (-28%) from 2023

Net Assets

Up

$283,213

Up $28,127 (+11%) from 2023

Revenue

Down

$339,280

Down $7,471 (-2.2%) from 2023

Expenses

Up

$310,903

Up $39,237 (+14%) from 2023

Net Income

Down

$28,377

Down $46,708 (-62%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2016: $156,350Liabilities 2016: $116,229Net Assets 2016: $40,1212016Assets 2017: $92,890Liabilities 2017: $33,699Net Assets 2017: $59,1912017Assets 2018: $108,088Liabilities 2018: $20,765Net Assets 2018: $87,3232018Assets 2019: $162,395Liabilities 2019: $45,717Net Assets 2019: $116,6782019Assets 2020: $173,789Liabilities 2020: $37,468Net Assets 2020: $136,3212020Assets 2021: $199,690Liabilities 2021: $45,386Net Assets 2021: $154,3042021Assets 2022: $316,727Liabilities 2022: $136,726Net Assets 2022: $180,0012022Assets 2023: $389,270Liabilities 2023: $134,184Net Assets 2023: $255,0862023Assets 2024: $380,047Liabilities 2024: $96,834Net Assets 2024: $283,2132024

Highlighted filing

2024

Assets$380,047
Liabilities$96,834
Net Assets$283,213

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2016: $140,663Expenses 2016: $160,158Net Income 2016: -$19,4952016Revenue 2017: $206,163Expenses 2017: $187,093Net Income 2017: $19,0702017Revenue 2018: $200,712Expenses 2018: $172,580Net Income 2018: $28,1322018Revenue 2019: $197,440Expenses 2019: $168,085Net Income 2019: $29,3552019Revenue 2020: $115,519Expenses 2020: $95,876Net Income 2020: $19,6432020Revenue 2021: $174,462Expenses 2021: $156,671Net Income 2021: $17,7912021Revenue 2022: $271,613Expenses 2022: $245,350Net Income 2022: $26,2632022Revenue 2023: $346,751Expenses 2023: $271,666Net Income 2023: $75,0852023Revenue 2024: $339,280Expenses 2024: $310,903Net Income 2024: $28,3772024

Highlighted filing

2024

Revenue$339,280
Expenses$310,903
Net Income$28,377

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$339,280
Mission and Program Overview

Mission

Promote common business interest

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$205,615$212,561▲ $6,946
Cash and Non-Interest-Bearing Accounts$168,072$164,333▼ $3,739
Prepaid Expenses and Deferred Charges$15,583$3,153▼ $12,430
Total Assets$389,270$380,047▼ $9,223
Liabilities
Deferred Revenue$88,833$95,283▲ $6,450
Accounts Payable and Accrued Expenses$45,351$1,551▼ $43,800
Total Liabilities$134,184$96,834▼ $37,350
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$255,086$283,213▲ $28,127
Total Net Assets Fund Balance$255,086$283,213▲ $28,127
Total Liabilities and Net Assets / Fund Balance$389,270$380,047▼ $9,223
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mindy HartPresident
Lynn SykesVice President
Cindy AshbyDirector
Greg CochranDirector
Hal TannerDirector
Mike MacmanusDirector
Robert HighDirector
Tana BryantDirector
Tommy NguyenDirector
Tripp McleanDirector
Will MasseyDirector
Demarco SoutherlandSecretary
Martha HeathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$327,163
Investment Income
$12,117
Other Revenue
$0
Change in Net Assets
$28,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$310,903
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 Management---$96,751
Other Expenses---$9,125
Office Expenses---$7,530
All Other Expenses---$2,400
Fees for Services Legal---$2,387
Fees for Services Accounting---$2,205
Conferences and Meetings---$1,542
Fees for Services Other---$1,415
Insurance---$600
Total Functional Expenses$0$0$0$310,903
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$-83,767
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 B, Line 11B

A draft copy of the form 990 is sent to the organization for approval prior to being filed.

Form 990, Part VI, Section C, Line 19

These documents are provided upon request to the office.

Filing and Contact Details

Filer

Filer Name
North Carolina Self Storage Assoc
EIN
55-0815449
Phone
9199004864
Address
701 EXPOSITION PLACE 206, RALEIGH, NC 27615

Signing Officer

Name
Derek Knights
Title
CFO
Phone
7035758000
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Knights
Formed
2003
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Novak Francella LLC
Address
40 MONUMENT RD 5TH FLR, BALA CYNWYD, PA 19004
Preparer
Louis Verzella CPA
Phone
6106689400
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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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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0380047
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0701 EXPOSITION PLACE 206
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027615
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.NCSSAONLINE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEREK KNIGHTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum07035758000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH CAROLINA SELF STORAGE ASSOC
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0550815449
ReturnHeader/Filer/PhoneNum09199004864
ReturnHeader/Filer/USAddress/AddressLine1Txt0701 EXPOSITION PLACE 206
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027615
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611436956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVAK FRANCELLA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 MONUMENT RD 5TH FLR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALA CYNWYD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019004
ReturnHeader/PreparerPersonGrp/PhoneNum06106689400
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS VERZELLA CPA
ReturnHeader/ReturnTs02025-05-14T17:39:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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