Civic Intelligence

Lincolnton-Lincoln County Chamber of Commerce

990 • Fiscal year 2017 • EIN 56-0734599

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 19, 2018

PO Box 1617Lincolnton, NC 28093-1617

(704) 735-3096

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.57x

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

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

Liabilities / Revenue

96th percentile

0.64x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

21st percentile

-10%

Higher net margin than 21% of similar nonprofits.

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

Top Officer Pay

94th percentile

$83,076

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 30.6% of source-year revenue.

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

Asset Growth

89th percentile

46%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

28th percentile

-10%

Faster revenue growth than 28% of similar nonprofits.

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

Assets

Up

$307,452

Up $96,454 (+46%) from 2016

Net Assets

Down

$132,782

Down $28,315 (-18%) from 2016

Liabilities

Up

$174,670

Up $124,769 (+250%) from 2016

Revenue

Down

$271,744

Down $31,107 (-10%) from 2016

Expenses

Down

$300,059

Down $7,264 (-2.4%) from 2016

Net Income

Down

-$28,315

Down $23,843 (-533%) 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: $211,626Liabilities 2010: $44,566Net Assets 2010: $167,0602010Assets 2011: $219,719Liabilities 2011: $44,301Net Assets 2011: $175,4182011Assets 2012: $209,770Liabilities 2012: $32,961Net Assets 2012: $176,8092012Assets 2013: $232,649Liabilities 2013: $50,509Net Assets 2013: $182,1402013Assets 2014: $207,092Liabilities 2014: $34,393Net Assets 2014: $172,6992014Assets 2015: $203,136Liabilities 2015: $37,567Net Assets 2015: $165,5692015Assets 2016: $210,998Liabilities 2016: $49,901Net Assets 2016: $161,0972016Assets 2017: $307,452Liabilities 2017: $174,670Net Assets 2017: $132,7822017Assets 2018: $400,877Liabilities 2018: $55,626Net Assets 2018: $345,2512018Assets 2019: $344,832Liabilities 2019: $24,479Net Assets 2019: $320,3532019Assets 2020: $339,990Liabilities 2020: $27,212Net Assets 2020: $312,7782020Assets 2021: $316,654Liabilities 2021: $5,456Net Assets 2021: $311,1982021Assets 2022: $323,299Liabilities 2022: $4,217Net Assets 2022: $319,0822022Assets 2023: $359,534Liabilities 2023: $20,609Net Assets 2023: $338,9252023Assets 2024: $379,418Liabilities 2024: $32,732Net Assets 2024: $346,6862024

Highlighted filing

2017

Assets$307,452
Liabilities$174,670
Net Assets$132,782

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $260,5442010Expenses 2011: $262,5452011Expenses 2012: $275,4462012Revenue 2013: $279,139Expenses 2013: $273,808Net Income 2013: $5,3312013Revenue 2014: $284,882Expenses 2014: $294,323Net Income 2014: -$9,4412014Revenue 2015: $287,087Expenses 2015: $294,217Net Income 2015: -$7,1302015Revenue 2016: $302,851Expenses 2016: $307,323Net Income 2016: -$4,4722016Revenue 2017: $271,744Expenses 2017: $300,059Net Income 2017: -$28,3152017Revenue 2018: $411,220Expenses 2018: $198,751Net Income 2018: $212,4692018Revenue 2019: $269,467Expenses 2019: $294,365Net Income 2019: -$24,8982019Revenue 2020: $238,212Expenses 2020: $245,787Net Income 2020: -$7,5752020Revenue 2021: $234,983Expenses 2021: $236,563Net Income 2021: -$1,5802021Revenue 2022: $224,261Expenses 2022: $216,377Net Income 2022: $7,8842022Revenue 2023: $292,735Expenses 2023: $272,892Net Income 2023: $19,8432023Revenue 2024: $256,367Expenses 2024: $269,215Net Income 2024: -$12,8482024

Highlighted filing

2017

Revenue$271,744
Expenses$300,059
Net Income-$28,315
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 19, 2018
Return Version
2017v2.3
Gross Receipts
$271,744
Mission and Program Overview

Mission

Community and economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$38,355$174,788▲ $136,433
Rtn Earn Endowment Incm Other Fnds$161,097$132,782▼ $28,315
Land, Buildings, and Equipment, Net$58,945$54,383▼ $4,562
Cash and Non-Interest-Bearing Accounts$98,452$48,389▼ $50,063
Prepaid Expenses and Deferred Charges$986$18,221▲ $17,235
Accounts Receivable$14,260$11,671▼ $2,589
Total Assets$210,998$307,452▲ $96,454
Liabilities
Deferred Revenue$46,183$171,098▲ $124,915
Other Liabilities$3,718$3,572▼ $146
Total Liabilities$49,901$174,670▲ $124,769
Net Assets / Fund Balance
Total Net Assets Fund Balance$161,097$132,782▼ $28,315
Total Liabilities and Net Assets / Fund Balance$210,998$307,452▲ $96,454

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$54,383$106,540$160,923
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gurney R Kindley IiiPresidentFT$83,076$83,076

Board Members and Trustees

NameTitle
Eddie SigmonChair
Bill BeamBoard Member
Brad BertleBoard Member
Cliff BrumfieldBoard Member
Crystal MitchemBoard Member
Dr Lory MorrowBoard Member
Ed HatleyBoard Member
Jamie HouserBoard Member
Jeremy LoveBoard Member
John DancoffBoard Member
John GillelandBoard Member
Joshua GrantBoard Member
Julie WestBoard Member
Lisa FournierBoard Member
Michael WisemanBoard Member
Steve ZickefooseBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$34,600
Program Service Revenue
$236,722
Investment Income
$422
Other Revenue
$0
Change in Net Assets
$-28,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$172,127
Other Expenses$127,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$47,889$111,742-$159,631
All Other Expenses$6,604$20,789-$27,393
Payroll Taxes$3,749$8,747-$12,496
Other Expenses$5,990$1,498-$7,488
Occupancy$448$5,188-$5,636
Conferences and Meetings-$4,754-$4,754
Depreciation Depletion$4,562--$4,562
Insurance-$3,210-$3,210
Fees for Services Accounting-$3,000-$3,000
Advertising$109$981-$1,090
Total Functional Expenses$132,303$167,756$0$300,059
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$3,572
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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
Yes
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, Page 6, Part VI, Line 7A

The board of directors is elected by the members

Form 990, Page 6, Part VI, Line 11B

Board reviewed the tax return and responded to all questions concerning the governing of the organization prior to the filing of the tax return

Form 990, Page 6, Part VI, Line 15A

Compensation of executive director determined by board which consists of local business leaders. Board used salary information of comparable local directors along with information from the national office to determine annual compensation.

Form 990, Page 6, Part VI, Line 15B

Other staff positions compensated at rates for similar positions in other local industries.

Form 990, Page 6, Part VI, Line 19

Tax return available upon request

Filing and Contact Details

Filer

Filer Name
Lincolnton-lincoln County Chamber
EIN
56-0734599
Phone
7047353096
Address
PO BOX 1617, LINCOLNTON, NC 28093-1617

Signing Officer

Name
Eddie Sigmon
Title
Chair
Phone
7047353096
Signed
2018-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eddie Sigmon
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
75

Preparer

Firm
Sherrill Blake & Harrison CPA Pa
Address
PO BOX 782, LINCOLNTON, NC 28093-0782
Preparer
Terri Q Blake
Phone
7047322234
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Depreciation on building and equipment used for all chamber activities

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0111742
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt047889
IRS990/OtherSalariesAndWagesGrp/TotalAmt0159631
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08747
IRS990/PayrollTaxesGrp/ProgramServicesAmt03749
IRS990/PayrollTaxesGrp/TotalAmt012496
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0986
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018221
IRS990/PrincipalOfficerNm0EDDIE SIGMON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1WORK PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0142302
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt194420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0142302
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt194420
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DEPRECIATION ON BUILDING AND EQUIPMENT USED FOR ALL CHAMBER ACTIVITIES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt03736
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt031675
IRS990/PYInvestmentIncomeAmt0209
IRS990/PYOtherExpensesAmt0128550
IRS990/PYProgramServiceRevenueAmt0270967
IRS990/PYRevenuesLessExpensesAmt0-4472
IRS990/PYSalariesCompEmpBnftPaidAmt0178773
IRS990/PYTotalExpensesAmt0307323
IRS990/PYTotalRevenueAmt0302851
IRS990/ReconcilationRevenueExpnssAmt0-28315
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0236722
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0161097
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0132782
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038355
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0174788
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt054383
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0106540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0160923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054383
IRS990ScheduleD/TotalLiabilityAmt03572
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEPRECIATION ON BUILDING AND EQUIPMENT USED FOR ALL CHAMBER ACTIVITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEWED THE TAX RETURN AND RESPONDED TO ALL QUESTIONS CONCERNING THE GOVERNING OF THE ORGANIZATION PRIOR TO THE FILING OF THE TAX RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF EXECUTIVE DIRECTOR DETERMINED BY BOARD WHICH CONSISTS OF LOCAL BUSINESS LEADERS. BOARD USED SALARY INFORMATION OF COMPARABLE LOCAL DIRECTORS ALONG WITH INFORMATION FROM THE NATIONAL OFFICE TO DETERMINE ANNUAL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER STAFF POSITIONS COMPENSATED AT RATES FOR SIMILAR POSITIONS IN OTHER LOCAL INDUSTRIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAX RETURN AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0210998
IRS990/TotalAssetsEOYAmt0307452
IRS990/TotalAssetsGrp/BOYAmt0210998
IRS990/TotalAssetsGrp/EOYAmt0307452
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt034600
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0167756
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0132303
IRS990/TotalFunctionalExpensesGrp/TotalAmt0300059
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049901
IRS990/TotalLiabilitiesEOYAmt0174670
IRS990/TotalLiabilitiesGrp/BOYAmt049901
IRS990/TotalLiabilitiesGrp/EOYAmt0174670
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0161097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0132782
IRS990/TotalOtherProgSrvcExpenseAmt03736
IRS990/TotalProgramServiceExpensesAmt0132303
IRS990/TotalProgramServiceRevenueAmt0236722
IRS990/TotalReportableCompFromOrgAmt083076
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0237144
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0271744
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0210998
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0307452
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1617
IRS990/USAddress/CityNm0LINCOLNTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028093
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0LINCOLNCHAMBERNC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDDIE SIGMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07047353096
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLNTON-LINCOLN COUNTY CHAMBER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0560734599
ReturnHeader/Filer/PhoneNum07047353096
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1617
ReturnHeader/Filer/USAddress/CityNm0LINCOLNTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0280931617
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0671B9EC4C790B311AA1E9F13F110E1F7F4B6ADB2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0ECF34E61ADA97FB7DF669F2B8381B3AAA1AA56EB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-07-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:49:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273565606
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHERRILL BLAKE & HARRISON CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 782
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINCOLNTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0280930782
ReturnHeader/PreparerPersonGrp/PhoneNum07047322234
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.79$0.33$3.47$2.56$2.69$0.13
2023Detailed filing. Detailed filing data is available for this year.$3.60$0.21$3.39$2.93$2.73$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.23$0.04$3.19$2.24$2.16$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.17$0.05$3.11$2.35$2.37$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.40$0.27$3.13$2.38$2.46$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.45$0.24$3.20$2.69$2.94$0.25
2018Detailed filing. Detailed filing data is available for this year.$4.01$0.56$3.45$4.11$1.99$2.12
2017Detailed filing. Detailed filing data is available for this year.$3.07$1.75$1.33$2.72$3.00$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.11$0.50$1.61$3.03$3.07$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.03$0.38$1.66$2.87$2.94$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.07$0.34$1.73$2.85$2.94$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.33$0.51$1.82$2.79$2.74$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.33$1.77$2.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.44$1.75$2.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.45$1.67$2.61