Civic Intelligence

Carteret County Economic

EIN 56-0986215 • 501(c)4 • Morehead City, NC

Profile

Recruit new environmentally compatible industry and business, retain and grow the industry and businesses that exist, work within the community to develop a workforce to meet the needs of existing and potential businesses and industry and assist in the development of infrastructure.

3615 Arendell StreetMorehead City, NC 28557

www.carteretedc.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

1st percentile

-10643%

Higher net margin than 1% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2018

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2016 to 2018

Revenue Growth

6th percentile

-96%

Faster revenue growth than 6% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2016 to 2018

Assets

Down

$0

Down $333,150 (-100%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $333,150 (-100%) from 2016

Revenue

Down

$352

Down $217,093 (-100%) from 2016

Expenses

Down

$37,817

Down $139,779 (-79%) from 2016

Net Income

Down

-$37,465

Down $77,314 (-194%) from 2016

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $267,333Liabilities 2012: $0Net Assets 2012: $267,3332012Assets 2013: $285,353Liabilities 2013: $0Net Assets 2013: $285,3532013Assets 2014: $288,636Liabilities 2014: $0Net Assets 2014: $288,6362014Assets 2015: $293,301Liabilities 2015: $0Net Assets 2015: $293,3012015Assets 2016: $333,150Liabilities 2016: $0Net Assets 2016: $333,1502016Assets 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $232,167Expenses 2012: $219,298Net Income 2012: $12,8692012Revenue 2013: $228,909Expenses 2013: $210,889Net Income 2013: $18,0202013Revenue 2014: $230,449Expenses 2014: $227,166Net Income 2014: $3,2832014Revenue 2015: $223,915Expenses 2015: $219,250Net Income 2015: $4,6652015Revenue 2016: $217,445Expenses 2016: $177,596Net Income 2016: $39,8492016Revenue 2018: $352Expenses 2018: $37,817Net Income 2018: -$37,4652018

Highlighted filing

2018

Revenue$352
Expenses$37,817
Net Income-$37,465

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jul 19, 2018
Return Version
2017v2.3
Gross Receipts
$352
Mission and Program Overview

Mission

Recruit new environmentally compatible industry and business, retain and grow the industry and businesses that exist, work within the community to develop a workforce to meet the needs of existing and potential businesses and industry and assist in the development of infrastructure.

Program Services

DescriptionGrantsExpenses
DURING THE PAST YEAR THE ECONOMIC DEVELOPMENT COUNCIL HAS BEEN TRYING TO GET NEW BUSINESS TO BUILD OR RELOCATE TO THE COASTAL AREA AND PROMOTE WHAT COASTAL LIVING CAN BENEFIT BUSINESS.-$37,817
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TOMMY BURNSCounty Manag-$0--
MARK MANSFIELDChairman/Director-$0--
ROBIN COMERVice Chair/D-$0--
ED WHEATLYDirector/Sec-$0--
JOHN HAUSERDirector-$0--
PATRICK JOYCEDirector-$0--
JESSE VINSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Carteret County Economic
EIN
56-0986215
Phone
2527288410
Address
3615 ARENDELL STREET, MOREHEAD CITY, NC 28557

Signing Officer

Name
Ed Wheatly
Title
Director/sec/treas
Phone
2527288410
Signed
2018-07-19

Preparer

Firm
Harvell & Company
Address
407 N 35TH ST, MOREHEAD CITY, NC 28557-3107
Preparer
Debra F Harvell CPA
Phone
2527267010
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expense 53 travel 686 insurance 114 business recruitment 23,430 bank charges 210 utilities 780 website design 1,101 office equip maint 8 nc sec of state 40 total 26,422

Form 990-ez, Part I, Line 20

EQUITY TRANSFER -204,237

Form 990-ez, Part III

Recruit new environmentally compatible industry and business, retain and grow the industry and businesses that exist, work within the community to develop a workforce to meet the needs of existing and potential businesses and industry and assist in the development of infrastructure.

Form 990-ez, Part III, Line 28

During the past year the economic development council has been trying to get new business to build or relocate to the coastal area and promote what coastal living can benefit business.

Raw XML Appendix154 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0TERESA FULK
IRS990EZ/BooksInCareOfDetail/PhoneNum02527288410
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0302 COURTHOUSE SQUARE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BEAUFORT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028516
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0241702
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-37465
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt011395
IRS990EZ/FinalReturnInd0X
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0241702
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/GrossReceiptsAmt0352
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0352
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0241702
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0241702
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TOMMY BURNS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARK MANSFIELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ROBIN COMER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ED WHEATLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JOHN HAUSER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5PATRICK JOYCE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JESSE VINSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0COUNTY MANAG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN/DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE CHAIR/D
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR/SEC
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-204237
IRS990EZ/OtherExpensesTotalAmt026422
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0RECRUIT NEW ENVIRONMENTALLY COMPATIBLE INDUSTRY AND BUSINESS, RETAIN AND GROW THE INDUSTRY AND BUSINESSES THAT EXIST, WORK WITHIN THE COMMUNITY TO DEVELOP A WORKFORCE TO MEET THE NEEDS OF EXISTING AND POTENTIAL BUSINESSES AND INDUSTRY AND ASSIST IN THE DEVELOPMENT OF INFRASTRUCTURE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DURING THE PAST YEAR THE ECONOMIC DEVELOPMENT COUNCIL HAS BEEN TRYING TO GET NEW BUSINESS TO BUILD OR RELOCATE TO THE COASTAL AREA AND PROMOTE WHAT COASTAL LIVING CAN BENEFIT BUSINESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt037817
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt037817
IRS990EZ/TotalProgramServiceExpensesAmt037817
IRS990EZ/TotalRevenueAmt0352
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.CARTERETEDC.COM
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0true
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0FIRST CIT CHECK ACCT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1SOUND BANKING MM ACCT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CARTERET CO ECONOMIC DEV FOUND INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1CARTERET CO ECONOMIC DEV FOUND INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine2Txt0DEVELOPMENT FOUNDATION INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02018-04-26
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12018-04-26
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0205920155
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1205920155
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt012734
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1191503
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt03615 ARENDELL ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt13615 ARENDELL ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0MOREHEAD CITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1MOREHEAD CITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd028557
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd128557
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0TWO OF THE CARTERET COUNTY ECONOMIC DEVELOPMENT COUNCIL, INC. BOARD MEMBERS HAVE BEEN APPOINTED TO THE CARTERET COUNTY ECONOMIC DEVELOPMENT FOUNDATION, INC. BOARD OF DIRECTORS....JESSE VINSON AND PATRICK JOYCE.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 53 TRAVEL 686 INSURANCE 114 BUSINESS RECRUITMENT 23,430 BANK CHARGES 210 UTILITIES 780 WEBSITE DESIGN 1,101 OFFICE EQUIP MAINT 8 NC SEC OF STATE 40 TOTAL 26,422
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EQUITY TRANSFER -204,237
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RECRUIT NEW ENVIRONMENTALLY COMPATIBLE INDUSTRY AND BUSINESS, RETAIN AND GROW THE INDUSTRY AND BUSINESSES THAT EXIST, WORK WITHIN THE COMMUNITY TO DEVELOP A WORKFORCE TO MEET THE NEEDS OF EXISTING AND POTENTIAL BUSINESSES AND INDUSTRY AND ASSIST IN THE DEVELOPMENT OF INFRASTRUCTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DURING THE PAST YEAR THE ECONOMIC DEVELOPMENT COUNCIL HAS BEEN TRYING TO GET NEW BUSINESS TO BUILD OR RELOCATE TO THE COASTAL AREA AND PROMOTE WHAT COASTAL LIVING CAN BENEFIT BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ED WHEATLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/SEC/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum02527288410
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARTERET COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0CART
ReturnHeader/Filer/EIN0560986215
ReturnHeader/Filer/PhoneNum02527288410
ReturnHeader/Filer/USAddress/AddressLine1Txt03615 ARENDELL STREET
ReturnHeader/Filer/USAddress/CityNm0MOREHEAD CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028557
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06A08E1B086DF0EFBCDA898BD8AC1D1DB2BFA6193
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06A08E1B086DF0EFBCDA898BD8AC1D1DB2BFA6193
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.12.29.172
ReturnHeader/FilingSecurityInformation/IPDt02018-08-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:19:16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561638995
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARVELL & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0407 N 35TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOREHEAD CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0285573107
ReturnHeader/PreparerPersonGrp/PhoneNum02527267010
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBRA F HARVELL CPA
ReturnHeader/ReturnTs02018-08-06T08:19:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.