Civic Intelligence

Wilmington Business Development

990 • Fiscal year 2021 • EIN 56-0636999

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 02, 2021

Organization ProfileWWW.WILMINGTONBUSINESSDEVELOPMENT.COM

View Organization Page

P O Box 1698Wilmington, NC 28402

(910) 763-8414

Siviq Scores

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

Liabilities / Assets

86th percentile

0.49x

Higher debt load relative to assets than 86% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.62x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

8.8%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

96th percentile

$450,366

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 41.7% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

70th percentile

21%

Faster asset growth than 70% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

0.2%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,358,209

Up $232,816 (+21%) from 2020

Net Assets

Up

$686,645

Up $94,816 (+16%) from 2020

Liabilities

Up

$671,564

Up $138,000 (+26%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin45th percentile

Revenue

Up

$1,081,122

Up $1,860 (+0.2%) from 2020

Expenses

Down

$986,306

Down $84,231 (-7.9%) from 2020

Net Income

Up

$94,816

Up $86,091 (+987%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $455,483Liabilities 2011: $232,639Net Assets 2011: $222,8442011Assets 2012: $503,438Liabilities 2012: $297,241Net Assets 2012: $206,1972012Assets 2013: $560,660Liabilities 2013: $382,124Net Assets 2013: $178,5362013Assets 2014: $658,236Liabilities 2014: $429,708Net Assets 2014: $228,5282014Assets 2015: $792,719Liabilities 2015: $435,836Net Assets 2015: $356,8832015Assets 2016: $922,521Liabilities 2016: $427,929Net Assets 2016: $494,5922016Assets 2017: $916,658Liabilities 2017: $447,918Net Assets 2017: $468,7402017Assets 2018: $993,957Liabilities 2018: $417,716Net Assets 2018: $576,2412018Assets 2019: $1,037,684Liabilities 2019: $454,580Net Assets 2019: $583,1042019Assets 2020: $1,125,393Liabilities 2020: $533,564Net Assets 2020: $591,8292020Assets 2021: $1,358,209Liabilities 2021: $671,564Net Assets 2021: $686,6452021Assets 2022: $1,640,676Liabilities 2022: $708,617Net Assets 2022: $932,0592022Assets 2023: $1,928,213Liabilities 2023: $0Net Assets 2023: $1,928,2132023Assets 2024: $2,193,055Liabilities 2024: $0Net Assets 2024: $2,193,0552024

Highlighted filing

2021

Assets$1,358,209
Liabilities$671,564
Net Assets$686,645
Open 2021 Filing

Operations Trend

Revenue Growth32nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $754,930Expenses 2011: $866,168Net Income 2011: -$111,2382011Revenue 2012: $810,118Expenses 2012: $826,765Net Income 2012: -$16,6472012Revenue 2013: $876,096Expenses 2013: $903,757Net Income 2013: -$27,6612013Revenue 2014: $987,455Expenses 2014: $937,463Net Income 2014: $49,9922014Revenue 2015: $1,000,941Expenses 2015: $872,586Net Income 2015: $128,3552015Revenue 2016: $1,047,095Expenses 2016: $909,386Net Income 2016: $137,7092016Revenue 2017: $993,102Expenses 2017: $1,018,954Net Income 2017: -$25,8522017Revenue 2018: $1,082,182Expenses 2018: $974,681Net Income 2018: $107,5012018Revenue 2019: $1,109,713Expenses 2019: $1,102,852Net Income 2019: $6,8612019Revenue 2020: $1,079,262Expenses 2020: $1,070,537Net Income 2020: $8,7252020Revenue 2021: $1,081,122Expenses 2021: $986,306Net Income 2021: $94,8162021Revenue 2022: $1,342,071Expenses 2022: $1,096,657Net Income 2022: $245,4142022Revenue 2023: $1,504,050Expenses 2023: $1,309,977Net Income 2023: $194,0732023Revenue 2024: $1,599,774Expenses 2024: $1,334,932Net Income 2024: $264,8422024

Highlighted filing

2021

Revenue$1,081,122
Expenses$986,306
Net Income$94,816
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 2, 2021
Return Version
2020v4.1
Gross Receipts
$1,126,038
Mission and Program Overview

Mission

The organization's mission is to encourage, solicit, advertise and promote the location and operation of industrial and manufacturing establishments within the trade areas of the city of wilmington, and new hanover and pender counties, n. C.

To attract industry to area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$555,879$890,328▲ $334,449
Land, Buildings, and Equipment, Net$2,800$11,252▲ $8,452
Prepaid Expenses and Deferred Charges$13,535$4,762▼ $8,773
Accounts Receivable$3,179$3,209▲ $30
Total Assets$1,125,393$1,358,209▲ $232,816
Other Assets Total$550,000$448,658▼ $101,342
Liabilities
Deferred Revenue$405,100$442,368▲ $37,268
Accounts Payable and Accrued Expenses$128,464$160,661▲ $32,197
Other Liabilities$0$68,535▲ $68,535
Total Liabilities$533,564$671,564▲ $138,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$591,829$386,645▼ $205,184
Net Assets With Donor Restrictions-$300,000-
Total Net Assets Fund Balance$591,829$686,645▲ $94,816
Total Liabilities and Net Assets / Fund Balance$1,125,393$1,358,209▲ $232,816

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,099$38,330-
Leasehold Improvements$9,153$60,095-
Other Assets Org$148,658--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
R Scott SatterfieldCEO/secretaryFT$279,000$171,366$450,366

Board Members and Trustees

NameTitle
Bill CherryChairman
Sabrina SellsVice Chairman
Jack BartoDirector
Lauren HendersonDirector
Michael McwhorterDirector
Michael YoungbloodDirector
Mitch KeelDirector
Tim MilamDirector
Bill SaffoEx-officio Director
David WilliamsEx-officio Director
Patricia KusekEx-officio Director
Tee NunnleeEx-officio Director
John ElliotFormer Ex-officio Director
Julia Olsen-bosemanFormer Ex-officio Director
Fred SamzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,039,687
Investment Income
$6,001
Other Revenue
$35,434
Change in Net Assets
$94,816

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,081,122
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,081,122
Total Revenue per Form 990
$1,081,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$810,639
Other Expenses$175,667
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$463,872
Other Salaries and Wages---$249,068
Fees for Services Other---$55,275
Occupancy---$42,633
Other Employee Benefits---$39,248
Payroll Taxes---$32,705
Pension Plan Contributions---$25,746
Fees for Services Accounting---$14,700
All Other Expenses---$7,840
Other Expenses---$3,830
Travel---$3,151
Advertising---$2,988
Insurance---$1,524
Depreciation Depletion---$1,094
Conferences and Meetings---$679
Total Functional Expenses$0$0$0$986,306

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$986,306
Total Expenses per Audited Statements$986,306
Total Expenses per Form 990$986,306
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$80,350
Fundraising Direct Expenses$44,916
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$80,350$80,350$21,637$58,713
Total Events$80,350$80,350$44,916$35,434
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Program Loan$68,535
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 is reviewed by the ceo before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Executive committee of the board of directors annually reviews, monitors and enforces compliance with the conflict of interest policy.”

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

“The ceo's accomplishments and performance is evaluated by the executive committee of the board of directors. The committee considers available market information and other relevant data. A memorandum was prepared by the chairman of the board regarding the ceo's performance review and compensation.”

Form 990, Part VI, Section C, Line 19

“The governing documents, confilict of interest policy, and the financial statements are not available to the public during the tax year.”

Filing and Contact Details

Filer

Filer Name
Wilmington Business Development
EIN
56-0636999
Phone
9107638414
Address
P O BOX 1698, WILMINGTON, NC 28402

Signing Officer

Name
R Scott Satterfield
Title
CEO
Phone
9107638414
Signed
2021-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Scott Satterfield
Formed
1960
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
13
Employees
4
Volunteers
13

Preparer

Firm
Rsm US Llp
Address
300 NORTH 3RD STREET FIFTH FLOOR, WILMINGTON, NC 28401
Preparer
Frederick Longwood
Phone
9107629671
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization believes that it has appropriate support for any tax postions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Raw XML AppendixShowing 400 of 460 raw XML fields

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/Desc0WBD ACTIVELY ENGAGES IN ALLY, INVESTOR AND PARTNERSHIP DEVELOPMENT, OUTREACH AND EDUCATION THAT EFFECTIVELY PROMOTE AND IMPROVE THE REGION, ITS ECONOMIC ASSESTS, BUSINESS INTERESTS AND QUALITY-OF-LIFE. KEY INITIATIVES ARE ALLY, INVESTOR AND PARTNERSHIP DEVELOPMENT AND OUTREACH AND EDUCATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FORMER EX-OFFICIO DIRECTOR
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO ENCOURAGE, SOLICIT, ADVERTISE AND PROMOTE THE LOCATION AND OPERATION OF INDUSTRIAL AND MANUFACTURING ESTABLISHMENTS WITHIN THE TRADE AREAS OF THE CITY OF WILMINGTON, AND NEW HANOVER AND PENDER COUNTIES, N.C.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0591829
IRS990/NetAssetsOrFundBalancesEOYAmt0686645
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt035434
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt035434
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0591829
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0386645
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt042633
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0550000
IRS990/OtherAssetsTotalGrp/EOYAmt0448658
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039248
IRS990/OtherExpensesGrp/Desc0CLIENT & PROGRAM DEVEL.
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/TotalAmt020612
IRS990/OtherExpensesGrp/TotalAmt115208
IRS990/OtherExpensesGrp/TotalAmt26133
IRS990/OtherExpensesGrp/TotalAmt33830
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt068535
IRS990/OtherSalariesAndWagesGrp/TotalAmt0249068
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt032705
IRS990/PensionPlanContributionsGrp/TotalAmt025746
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013535
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04762
IRS990/PrincipalOfficerNm0R SCOTT SATTERFIELD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT SERVICES INCO
IRS990/ProgramServiceRevenueGrp/Desc2OTHER MEMBER SUPPORT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0617631
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1420299
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21757
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0617631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1420299
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21757
IRS990/ProgSrvcAccomActy2Grp/Desc0WBD ENDEAVORS TO SUPPORT EXISTING BUSINESSES OF GREATER WILMINGTON AND THE JOBS THEY REPRESENT. KEY INITIATIVES ARE FEEDBACK & INTELLIGENCE GATHERING, LOCATION SERVICE DELIVERY, AND RESOURCE DEVELOPMENT AND COORDINATION.
IRS990/ProgSrvcAccomActy3Grp/Desc0WBD AGGRESSIVELY DEPLOYS OUTREACH TOOLS IN SHOWCASING GREATER WILMINGTON AS A DESTINATION FOR HIGH-QUALITY ECONOMIC INVESTORS. KEY INITIATIVES ARE MARKET INTELLIGENCE, LEAD GENERATION & CLIENT DEVELOPMENT, PROJECT MANAGEMENT & TECHNICAL ASSISTANCE, AND INVOLVEMENT OF PUBLIC PARTNERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09944
IRS990/PYOtherExpensesAmt0264305
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01069318
IRS990/PYRevenuesLessExpensesAmt08725
IRS990/PYSalariesCompEmpBnftPaidAmt0806232
IRS990/PYTotalExpensesAmt01070537
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01079262
IRS990/ReconcilationRevenueExpnssAmt094816
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02099
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038330
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt040429
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0986306
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09153
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt060095
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt069248
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0300000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1148658
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH DESIGNATED FOR OPERATIONAL RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CERTIFICATE OF DEPOSIT - UNDESIGNATED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL PROTECTION PROGRAM LOAN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01081122
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSTIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011252
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0448658
IRS990ScheduleD/TotalExpensesPerForm990Amt0986306
IRS990ScheduleD/TotalLiabilityAmt068535
IRS990ScheduleD/TotalRevenuePerForm990Amt01081122
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01081122
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0986306
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt01950
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01950
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt044916
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt080350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt080350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt080350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt080350
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt035434
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt021329
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt021329
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021637
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021637
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0279000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount085000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt030865
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt031340
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt024161
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0R SCOTT SATTERFIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0450366
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0TYPE OF BENEFIT: SOCIAL CLUB DUES LISTED PERSON WHO RECEIVED BENEFIT: R. SCOTT SATTERFIELD, CEO ALL SOCIAL CLUB DUES ARE TREATED AS TAXABLE COMPENSATION TO THE LISTED PERSON. THE BOARD OF DIRECTORS HAS DETERMINED THAT A SOCIAL CLUB MEMBERSHIP IS NEEDED TO PROVIDE THE APPROPRIATE ENVIRONMENT FOR MEETINGS WITH BUSINESS RELOCATION PROSPECTS, OTHER KEY STAKEHOLDERS AND THE MEMBERSHIP. THE FACILITY CURRENTLY IDENTIFIED DOES NOT ACCEPT BUSINESS MEMBERSHIPS. THEREFORE, THE CHIEF EXECUTIVE OFFICER IS THE DESIGNATED CLUB MEMBER FOR THIS PURPOSE AND OTHER REPORTABLE COMPENSATION INCLUDES HIS MEMBERSHIP DUES AS GROSSED UP FOR INCOME TAX PURPOSES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE CEO BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS, MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO'S ACCOMPLISHMENTS AND PERFORMANCE IS EVALUATED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE CONSIDERS AVAILABLE MARKET INFORMATION AND OTHER RELEVANT DATA. A MEMORANDUM WAS PREPARED BY THE CHAIRMAN OF THE BOARD REGARDING THE CEO'S PERFORMANCE REVIEW AND COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFILICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01125393
IRS990/TotalAssetsEOYAmt01358209
IRS990/TotalAssetsGrp/BOYAmt01125393
IRS990/TotalAssetsGrp/EOYAmt01358209
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0986306
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0533564
IRS990/TotalLiabilitiesEOYAmt0671564

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,358,209
Liabilities
$671,564
Net assets
$686,645
Revenue
$1,081,122
Expenses
$986,306
Net income
$94,816
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$1.60$1.33$0.26
2023Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$1.50$1.31$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.64$0.71$0.93$1.34$1.10$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.67$0.69$1.08$0.99$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.53$0.59$1.08$1.07$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.45$0.58$1.11$1.10$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.42$0.58$1.08$0.97$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.92$0.45$0.47$0.99$1.02$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.43$0.49$1.05$0.91$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.44$0.36$1.00$0.87$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.43$0.23$0.99$0.94$0.05
2013Summary only. Only limited summary data is available for this year.$0.56$0.38$0.18$0.88$0.90$0.03
2012Summary only. Only limited summary data is available for this year.$0.50$0.30$0.21$0.81$0.83$0.02
2011Summary only. Only limited summary data is available for this year.$0.46$0.23$0.22$0.75$0.87$0.11