Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
EIN 56-0773306 • 501(c)3 • Paw Creek, NC
Profile
PROJECT ACTIVITY OBJECTIVES a. Short term objectives are to maintain and operate the Coulwood Community Clubhouse, Park and Coulwood Pool for the membership and community to provide recreational facilities for the welfare of the individuals and families. b. Long Term objectives are to encourage the Coulwood Community residents to become more inter
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
70th percentile
Higher top officer pay than 70% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Assets
Up$648,639
Up $550,405 (+560%) from 2023
Liabilities
$424,514
No earlier filing loaded for comparison.
Net Assets
Up$224,125
Up $125,891 (+128%) from 2023
Revenue
Up$270,400
Up $109,017 (+68%) from 2023
Expenses
Up$144,509
Up $42,085 (+41%) from 2023
Net Income
Up$125,891
Up $66,932 (+114%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
See Statement Attached
Maintain property for the purpose of providing community parks complete with athletic and recreation facilities and a community center. To promote the welfare of the community to be a better place to live and work.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $98,234 | $224,125 | ▲ $125,891 |
| Cash and Non-Interest-Bearing Accounts | $53,197 | $194,662 | ▲ $141,465 |
| Total Assets | $98,234 | $648,639 | ▲ $550,405 |
| Other Assets Total | $45,037 | $453,977 | ▲ $408,940 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | - | $424,514 | - |
| Total Liabilities | $0 | $424,514 | ▲ $424,514 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $98,234 | $224,125 | ▲ $125,891 |
| Total Liabilities and Net Assets / Fund Balance | $98,234 | $648,639 | ▲ $550,405 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $453,977 | - | - |
| Name | Title |
|---|---|
| Cindy Ferguson | President |
| Joanne Baker | Vice President |
| Abby Limauge | Secretary |
| Leslie Campbell | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $144,509 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $78,882 | - | - | $78,882 |
| Fees for Services Management | $33,314 | - | - | $33,314 |
| Interest | $13,879 | - | - | $13,879 |
| Insurance | $12,154 | - | - | $12,154 |
| Other Expenses | $3,349 | - | - | $3,349 |
| Advertising | $1,921 | - | - | $1,921 |
| Total Functional Expenses | $144,509 | $0 | $0 | $144,509 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Federal income taxes | - |
“PRIMARY EXEMPT PURPOSE To acquire, develope and maintain property for the purpose of providing community parks complete with athletic and recreation facilities. To acquire, construct and maintain buildings to be used as a community center and recreational facilities. To engage in activities that promote the welfare of the community to be a better place to live and work.”
“PROGRAM SERVICE ACCOMPLISHMENTS a. The Coulwood Pool was open for membership from Memorial Day weekend to Labor Day weekend. There were approximately 168 individual pool memberships and council memberships for the season.During the summer season the Coulwood Swim Team used the pool for team practices, team swim meets and league swim meets. Swim lessons are offered at the pool. On July 4th, the Pool was open to the public for a free swim with approximately 300 attending. Water aerobics activities were also available. b. There was movie night in the park, Easter egg hunt, photos with Santa, Senior citizens pancake breakfast. The Coulwood Clubhouse was also rented several times a month for varius family reunions, showers, birthday parties etc. The Coulwood Community Council Board of Directors holds monthly, bi-annual and special community meetings at the Clubhouse with 10 to 50 attending. c. The Coulwood Park is open dawn to dusk to the public and used by individuals, families and groups for picnics and gatherings. The annual 4th of July Community Celebration is held in the park and begins with a parade. Lunch served, awards and games for the public with 150-250 attending. Memorial Day 5K run. National night out ice cream social. Caroling in the park. Other activities include Hoe Down in the Park, National Night Out, Back to School Bash, and Caroling in the Park.”
“PROJECT ACTIVITY OBJECTIVES a. Short term objectives are to maintain and operate the Coulwood Community Clubhouse, Park and Coulwood Pool for the membership and community to provide recreational facilities for the welfare of the individuals and families. b. Long Term objectives are to encourage the Coulwood Community residents to become more interested and responsible for the Community recreational assets Clubhouse, Park, Pool and to engage in activities that promote the welfare of the community to be a better place to live and work. The Coulwood Community Council LTD is currently in the process of remodeling and rebuilding the swimming pool and pool building which are over 60 years old. The project was actually completed on June 30, 2024.”
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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|---|---|---|
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| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
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| IRS990/BooksInCareOfDetail/PersonNm | 0 | Leslie Campbell |
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| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Paw Creek |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
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| IRS990/Desc | 0 | PROGRAM SERVICE ACCOMPLISHMENTS a. The Coulwood Pool was open for membership from Memorial Day weekend to Labor Day weekend. There were approximately 167 individual pool memberships and council memberships for the season.During the summer season the Coulwood Swim Team used the pool for team practices, team swim meets and league swim meets. Swim lessons are offered at the pool. On July 4th, the Pool was open to the public for a free swim with approximately 300 attending. Water aerobics activities were also available. b. There was movie night in the park, Easter egg hunt, photos with Santa, Senior citizens pancake breakfast. The Coulwood Clubhouse was also rented several times a month for varius family reunions, showers, birthday parties etc. The Coulwood Community Council Board of Directors holds monthly, bi-annual and special community meetings at the Clubhouse with 10 to 50 attending. c. The Coulwood Park is open dawn to dusk to the public and used by individuals, families and groups for picnics and gatherings. The annual 4th of July Community Celebration is held in the park. |
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| IRS990/FederalGrantAuditRequiredInd | 0 | false |
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| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
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| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
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| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 025.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 025.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 025.00 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer |
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| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1960 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 12154 |
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| IRS990/MissionDesc | 0 | PROJECT ACTIVITY OBJECTIVES a. Short term objectives are to maintain and operate the Coulwood Community Clubhouse, Park and Coulwood Pool for the membership and community to provide recreational facilities for the welfare of the individuals and families. b. Long Term objectives are to encourage the Coulwood Community residents to become more inter |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Progress Spending-Replace Pool and Pool Building |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Financial derivatives and other financial products |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | Closely-held equity interests |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PRIMARY EXEMPT PURPOSE To acquire, develope and maintain property for the purpose of providing community parks complete with athletic and recreation facilities. To acquire, construct and maintain buildings to be used as a community center and recreational facilities. To engage in activities that promote the welfare of the community to be a better place to live and work. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PROGRAM SERVICE ACCOMPLISHMENTS a. The Coulwood Pool was open for membership from Memorial Day weekend to Labor Day weekend. There were approximately 168 individual pool memberships and council memberships for the season.During the summer season the Coulwood Swim Team used the pool for team practices, team swim meets and league swim meets. Swim lessons are offered at the pool. On July 4th, the Pool was open to the public for a free swim with approximately 300 attending. Water aerobics activities were also available. b. There was movie night in the park, Easter egg hunt, photos with Santa, Senior citizens pancake breakfast. The Coulwood Clubhouse was also rented several times a month for varius family reunions, showers, birthday parties etc. The Coulwood Community Council Board of Directors holds monthly, bi-annual and special community meetings at the Clubhouse with 10 to 50 attending. c. The Coulwood Park is open dawn to dusk to the public and used by individuals, families and groups for picnics and gatherings. The annual 4th of July Community Celebration is held in the park and begins with a parade. Lunch served, awards and games for the public with 150-250 attending. Memorial Day 5K run. National night out ice cream social. Caroling in the park. Other activities include Hoe Down in the Park, National Night Out, Back to School Bash, and Caroling in the Park. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PROJECT ACTIVITY OBJECTIVES a. Short term objectives are to maintain and operate the Coulwood Community Clubhouse, Park and Coulwood Pool for the membership and community to provide recreational facilities for the welfare of the individuals and families. b. Long Term objectives are to encourage the Coulwood Community residents to become more interested and responsible for the Community recreational assets Clubhouse, Park, Pool and to engage in activities that promote the welfare of the community to be a better place to live and work. The Coulwood Community Council LTD is currently in the process of remodeling and rebuilding the swimming pool and pool building which are over 60 years old. The project was actually completed on June 30, 2024. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, Line 28 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part III, Line 29 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part III, Line 30 |
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| IRS990/USAddress/CityNm | 0 | Paw Creek |
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| IRS990/WebsiteAddressTxt | 0 | www.coulwood.org |
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| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Cindia E Ferguson |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7049049417 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-09-30 |
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| ReturnHeader/Filer/InCareOfNm | 0 | % Cindy Ferguson |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | V Tkach CPA PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6132 Brookshire Blvd Ste A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Charlotte |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-10-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Vladimir I Tkach |
| ReturnHeader/ReturnTs | 0 | 2024-10-07T11:17:07-00:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-05-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-04-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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