Civic Intelligence

Greater Smithfield-Selma Area Chamber of Commerce Inc

990 • Fiscal year 2017 • EIN 56-0511667

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 11, 2018

PO Box 467Smithfield, NC 27577

(919) 934-9166

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.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.01x

Higher debt load relative to revenue than 54% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

58th percentile

5.4%

Higher net margin than 58% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

58th percentile

6.2%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

50th percentile

1.0%

Faster revenue growth than 50% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$359,613

Up $20,941 (+6.2%) from 2016

Net Assets

Up

$357,533

Up $18,861 (+5.6%) from 2016

Liabilities

Up

$2,080

Up $2,080 from 2016

Revenue

Up

$299,982

Up $2,869 (+1.0%) from 2016

Expenses

Down

$283,645

Down $32,787 (-10%) from 2016

Net Income

Up

$16,337

Up $35,656 (+185%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $273,134Liabilities 2010: $16,047Net Assets 2010: $257,0872010Assets 2011: $313,362Liabilities 2011: $46,987Net Assets 2011: $266,3752011Assets 2012: $352,437Liabilities 2012: $16,743Net Assets 2012: $335,6942012Assets 2013: $383,016Liabilities 2013: $0Net Assets 2013: $383,0162013Assets 2014: $371,585Liabilities 2014: $0Net Assets 2014: $371,5852014Assets 2015: $357,991Liabilities 2015: $0Net Assets 2015: $357,9912015Assets 2016: $338,672Liabilities 2016: $0Net Assets 2016: $338,6722016Assets 2017: $359,613Liabilities 2017: $2,080Net Assets 2017: $357,5332017Assets 2018: $309,380Liabilities 2018: $30,269Net Assets 2018: $279,1112018Assets 2019: $273,306Liabilities 2019: $4,092Net Assets 2019: $269,2142019Assets 2020: $413,180Liabilities 2020: $159,984Net Assets 2020: $253,1962020Assets 2021: $304,087Liabilities 2021: $3,751Net Assets 2021: $300,3362021Assets 2022: $282,500Liabilities 2022: $28,775Net Assets 2022: $253,7252022Assets 2023: $241,269Liabilities 2023: $29,100Net Assets 2023: $212,1692023Assets 2024: $284,199Liabilities 2024: $161,662Net Assets 2024: $122,5372024

Highlighted filing

2017

Assets$359,613
Liabilities$2,080
Net Assets$357,533

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $374,5872010Expenses 2011: $288,3952011Expenses 2012: $305,1682012Revenue 2013: $349,178Expenses 2013: $306,607Net Income 2013: $42,5712013Revenue 2014: $319,124Expenses 2014: $308,558Net Income 2014: $10,5662014Revenue 2015: $282,086Expenses 2015: $293,928Net Income 2015: -$11,8422015Revenue 2016: $297,113Expenses 2016: $316,432Net Income 2016: -$19,3192016Revenue 2017: $299,982Expenses 2017: $283,645Net Income 2017: $16,3372017Revenue 2018: $383,928Expenses 2018: $353,416Net Income 2018: $30,5122018Revenue 2019: $316,473Expenses 2019: $326,370Net Income 2019: -$9,8972019Revenue 2020: $330,898Expenses 2020: $346,916Net Income 2020: -$16,0182020Revenue 2021: $326,580Expenses 2021: $279,440Net Income 2021: $47,1402021Revenue 2022: $305,974Expenses 2022: $352,585Net Income 2022: -$46,6112022Revenue 2023: $457,167Expenses 2023: $498,723Net Income 2023: -$41,5562023Revenue 2024: $589,334Expenses 2024: $678,966Net Income 2024: -$89,6322024

Highlighted filing

2017

Revenue$299,982
Expenses$283,645
Net Income$16,337
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 11, 2018
Return Version
2017v2.3
Gross Receipts
$299,982
Mission and Program Overview

Mission

Promoting development in the greater smithfield-selma area

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$192,537$209,161▲ $16,624
Land, Buildings, and Equipment, Net$128,886$118,956▼ $9,930
Accounts Receivable$17,119$31,366▲ $14,247
Cash and Non-Interest-Bearing Accounts$130$130→ $0
Total Assets$338,672$359,613▲ $20,941
Liabilities
Accounts Payable and Accrued Expenses-$2,080-
Total Liabilities$0$2,080▲ $2,080
Net Assets / Fund Balance
Unrestricted Net Assets$267,313$319,316▲ $52,003
Temporarily Rstr Net Assets$71,359$38,217▼ $33,142
Total Net Assets Fund Balance$338,672$357,533▲ $18,861
Total Liabilities and Net Assets / Fund Balance$338,672$359,613▲ $20,941

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,091$278,122$304,213
Land$92,500-$92,500
Other Land Buildings$365$32,861$33,226
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$8,000
Program Service Revenue
$291,903
Investment Income
$79
Other Revenue
$0
Change in Net Assets
$16,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,491
Salaries, Compensation, and Employee Benefits$96,154
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$91,306--$91,306
All Other Expenses$52,257$37,561-$89,818
Depreciation Depletion-$9,929-$9,929
Other Expenses$8,505--$8,505
Fees for Services Accounting-$7,425-$7,425
Conferences and Meetings$4,084--$4,084
Payroll Taxes$3,366--$3,366
Pension Plan Contributions$1,361--$1,361
Travel$943--$943
Other Employee Benefits$121--$121
Total Functional Expenses$228,730$54,915$0$283,645
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
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, Page 6, Part VI, Line 11B

The return is reviewed by the executive director before it is filed.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Greater Smithfield-selma Area
EIN
56-0511667
Phone
9199349166
Address
PO BOX 467, SMITHFIELD, NC 27577
Doing Business As
Commerce

Signing Officer

Name
Corina Knott
Title
Director
Phone
9199349166
Signed
2018-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Brownlee
Formed
1970
Legal Domicile
Nc
Voting Board Members
25
Independent Board Members
24
Employees
3

Preparer

Firm
Peedin & Sasser Cpas Pllc
Address
1389 W MARKET STREET, SMITHFIELD, NC 27577
Preparer
C Keith Peedin
Phone
9199346125
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Flame for learning award 8,327 0 0 leadership johnston 7,260 0 0 utilities-gas-water-elect 0 6,814 0 grounds maintenance 0 6,567 0 annual meeting 4,675 0 0 marketing 4,505 0 0 miscellaneous 4,119 0 0 small business expo 4,075 0 0 equipment maintenance 0 3,493 0 property taxes 0 3,455 0 business insurance 0 3,236 0 meetings 2,881 0 0 software support 2,706 0 0 writeoffs - other 2,683 0 0 building supplies & maint 0 2,629 0 women's business network 2,431 0 0 expenses for contingency 2,400 0 0 member services 2,109 0 0 cleaning service 0 2,015 0 credit card handling 0 2,015 0 office supplies 0 1,872 0 education 1,859 0 0 telephone 0 1,645 0 postage 0 1,510 0 other organization dues 0 1,020 0 ed - res. Triangle reg. P 1,000 0 0 trash collection 0 990 0 ed-unallocated expenses 602 0 0 ed - media outreac/advert 381 0 0 outside education & train 0 300 0 drink machine 244 0 0 total 52,257 37,561 0

Form 990, Part XI, Line 9

OTHER DECREASES 0

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IRS990/OtherExpensesGrp/Desc1WRITEOFFS
IRS990/OtherExpensesGrp/Desc2UNALLOCATED EXPENSES
IRS990/OtherExpensesGrp/Desc3GOLD COAST RAFFLE
IRS990/OtherExpensesGrp/ProgramServicesAmt037385
IRS990/OtherExpensesGrp/ProgramServicesAmt118787
IRS990/OtherExpensesGrp/ProgramServicesAmt210615
IRS990/OtherExpensesGrp/ProgramServicesAmt38505
IRS990/OtherExpensesGrp/TotalAmt037385
IRS990/OtherExpensesGrp/TotalAmt118787
IRS990/OtherExpensesGrp/TotalAmt210615
IRS990/OtherExpensesGrp/TotalAmt38505
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt091306
IRS990/OtherSalariesAndWagesGrp/TotalAmt091306
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt03366
IRS990/PayrollTaxesGrp/TotalAmt03366
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01361
IRS990/PensionPlanContributionsGrp/TotalAmt01361
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ERIC BROWNLEE
IRS990/PriorPeriodAdjustmentsAmt02524
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0DUES-CURRENT MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1UNANTICIPATED/MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/Desc2GOLD COAST RAFFLE
IRS990/ProgramServiceRevenueGrp/Desc3FLAME FOR LEARNING AWARD
IRS990/ProgramServiceRevenueGrp/Desc4LEADERSHIP JOHNSTON
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0181089
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt134755
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt315738
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt49550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0181089
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt134755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt49550
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08000
IRS990/PYInvestmentIncomeAmt089
IRS990/PYOtherExpensesAmt0156211
IRS990/PYProgramServiceRevenueAmt0289024
IRS990/PYRevenuesLessExpensesAmt0-19319
IRS990/PYSalariesCompEmpBnftPaidAmt0159939
IRS990/PYTotalExpensesAmt0316432
IRS990/PYTotalProfFndrsngExpnsAmt0282
IRS990/PYTotalRevenueAmt0297113
IRS990/ReconcilationRevenueExpnssAmt016337
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0192537
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0209161
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt026091
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0278122
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0304213
IRS990ScheduleD/LandGrp/BookValueAmt092500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0365
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032861
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033226
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0118956
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FLAME FOR LEARNING AWARD 8,327 0 0 LEADERSHIP JOHNSTON 7,260 0 0 UTILITIES-GAS-WATER-ELECT 0 6,814 0 GROUNDS MAINTENANCE 0 6,567 0 ANNUAL MEETING 4,675 0 0 MARKETING 4,505 0 0 MISCELLANEOUS 4,119 0 0 SMALL BUSINESS EXPO 4,075 0 0 EQUIPMENT MAINTENANCE 0 3,493 0 PROPERTY TAXES 0 3,455 0 BUSINESS INSURANCE 0 3,236 0 MEETINGS 2,881 0 0 SOFTWARE SUPPORT 2,706 0 0 WRITEOFFS - OTHER 2,683 0 0 BUILDING SUPPLIES & MAINT 0 2,629 0 WOMEN'S BUSINESS NETWORK 2,431 0 0 EXPENSES FOR CONTINGENCY 2,400 0 0 MEMBER SERVICES 2,109 0 0 CLEANING SERVICE 0 2,015 0 CREDIT CARD HANDLING 0 2,015 0 OFFICE SUPPLIES 0 1,872 0 EDUCATION 1,859 0 0 TELEPHONE 0 1,645 0 POSTAGE 0 1,510 0 OTHER ORGANIZATION DUES 0 1,020 0 ED - RES. TRIANGLE REG. P 1,000 0 0 TRASH COLLECTION 0 990 0 ED-UNALLOCATED EXPENSES 602 0 0 ED - MEDIA OUTREAC/ADVERT 381 0 0 OUTSIDE EDUCATION & TRAIN 0 300 0 DRINK MACHINE 244 0 0 TOTAL 52,257 37,561 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER DECREASES 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt071359
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt038217
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0338672
IRS990/TotalAssetsEOYAmt0359613
IRS990/TotalAssetsGrp/BOYAmt0338672
IRS990/TotalAssetsGrp/EOYAmt0359613
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08000
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054915
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0228730
IRS990/TotalFunctionalExpensesGrp/TotalAmt0283645
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02080
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02080
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0338672
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0357533
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt032971
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt032971
IRS990/TotalProgramServiceExpensesAmt0228730
IRS990/TotalProgramServiceRevenueAmt0291903
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0291982
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0299982
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0338672
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0359613
IRS990/TravelGrp/ProgramServicesAmt0943
IRS990/TravelGrp/TotalAmt0943
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0267313
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0319316
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 TOWN CENTRE PL
IRS990/USAddress/CityNm0SMITHFIELD
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027577
IRS990/VotingMembersGoverningBodyCnt025
IRS990/VotingMembersIndependentCnt024
IRS990/WebsiteAddressTxt0WWW.SMITHFIELDSELMA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CORINA KNOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09199349166
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREATER SMITHFIELD-SELMA AREA
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0560511667
ReturnHeader/Filer/PhoneNum09199349166
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 467
ReturnHeader/Filer/USAddress/CityNm0SMITHFIELD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.84$1.62$1.23$5.89$6.79$0.90
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.29$2.12$4.57$4.99$0.42
2022Detailed filing. Detailed filing data is available for this year.$2.83$0.29$2.54$3.06$3.53$0.47
2021Detailed filing. Detailed filing data is available for this year.$3.04$0.04$3.00$3.27$2.79$0.47
2020Detailed filing. Detailed filing data is available for this year.$4.13$1.60$2.53$3.31$3.47$0.16
2019Detailed filing. Detailed filing data is available for this year.$2.73$0.04$2.69$3.16$3.26$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.09$0.30$2.79$3.84$3.53$0.31
2017Detailed filing. Detailed filing data is available for this year.$3.60$0.02$3.58$3.00$2.84$0.16
2016Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$2.97$3.16$0.19
2015Detailed filing. Detailed filing data is available for this year.$3.58$0.00$3.58$2.82$2.94$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.72$0.00$3.72$3.19$3.09$0.11
2013Detailed filing. Detailed filing data is available for this year.$3.83$0.00$3.83$3.49$3.07$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.17$3.36$3.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$0.47$2.66$2.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.16$2.57$3.75