Civic Intelligence

Lincoln Economic Development Association

990 • Fiscal year 2012 • EIN 56-1188297

Jul 01, 2011 to Jun 30, 2012 • Filed on Oct 19, 2012

Organization ProfileWWW.LICOLNEDA.ORG
502 East Main St28093-2050
Siviq Scores

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

Liabilities / Assets

58th percentile

0.28x

Higher debt load relative to assets than 58% of similar nonprofits.

2012 filings • NTEE S • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

38th percentile

-2.0%

Faster asset growth than 38% of similar nonprofits.

2012 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$1,597,933

Down $31,855 (-2.0%) from 2011

Net Assets

Up

$1,155,262

Up $126,534 (+12%) from 2011

Liabilities

Down

$442,671

Down $158,389 (-26%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$667,942

Down $32,532 (-4.6%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,629,788Liabilities 2011: $601,060Net Assets 2011: $1,028,7282011Assets 2012: $1,597,933Liabilities 2012: $442,671Net Assets 2012: $1,155,2622012Assets 2013: $1,359,123Liabilities 2013: $386,010Net Assets 2013: $973,1132013Assets 2014: $1,304,453Liabilities 2014: $330,287Net Assets 2014: $974,1662014Assets 2015: $1,349,879Liabilities 2015: $276,352Net Assets 2015: $1,073,5272015Assets 2016: $1,298,876Liabilities 2016: $181,408Net Assets 2016: $1,117,4682016Assets 2017: $1,195,739Liabilities 2017: $105,957Net Assets 2017: $1,089,7822017Assets 2018: $1,123,363Liabilities 2018: $48,801Net Assets 2018: $1,074,5622018Assets 2019: $1,128,285Liabilities 2019: $124,589Net Assets 2019: $1,003,6962019Assets 2020: $1,014,294Liabilities 2020: $111,234Net Assets 2020: $903,0602020Assets 2021: $984,675Liabilities 2021: $110,712Net Assets 2021: $873,9632021Assets 2022: $906,261Liabilities 2022: $71,268Net Assets 2022: $834,9932022Assets 2023: $892,121Liabilities 2023: $69,918Net Assets 2023: $822,2032023Assets 2024: $906,252Liabilities 2024: $97,222Net Assets 2024: $809,0302024Assets 2025: $852,665Liabilities 2025: $80,240Net Assets 2025: $772,4252025

Highlighted filing

2012

Assets$1,597,933
Liabilities$442,671
Net Assets$1,155,262
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2011: $700,4742011Expenses 2012: $667,9422012Expenses 2013: $663,0012013Revenue 2014: $718,852Expenses 2014: $717,799Net Income 2014: $1,0532014Revenue 2015: $811,377Expenses 2015: $712,013Net Income 2015: $99,3642015Revenue 2016: $834,526Expenses 2016: $790,585Net Income 2016: $43,9412016Revenue 2017: $754,760Expenses 2017: $782,446Net Income 2017: -$27,6862017Revenue 2018: $811,597Expenses 2018: $826,817Net Income 2018: -$15,2202018Revenue 2019: $800,551Expenses 2019: $871,417Net Income 2019: -$70,8662019Revenue 2020: $765,545Expenses 2020: $866,181Net Income 2020: -$100,6362020Revenue 2021: $831,995Expenses 2021: $861,092Net Income 2021: -$29,0972021Revenue 2022: $833,386Expenses 2022: $872,356Net Income 2022: -$38,9702022Revenue 2023: $829,669Expenses 2023: $842,459Net Income 2023: -$12,7902023Revenue 2024: $939,016Expenses 2024: $952,189Net Income 2024: -$13,1732024Revenue 2025: $921,266Expenses 2025: $957,883Net Income 2025: -$36,6172025

Highlighted filing

2012

Revenue-
Expenses$667,942
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Oct 19, 2012
Return Version
2011v1.2
Gross Receipts
$834,805
Mission and Program Overview

Mission

To foster an economic environment that promotes an enhancement of the standard of living by creating more and better jobs for the citizens of lincolnton and lincoln county and an increased and diversified tax base to proivde needed community services.

Major Activities

Activity 2
Duke energy grant incentives disbursed for the additional development improvements to the airlie business park
Filing and Contact Details

Filer

EIN
56-1188297
Raw XML AppendixShowing 400 of 535 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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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE LINCOLN ECONOMIC DEVELOPMENT ASSOCIATION IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DOES NOT RECORD A PROVISION FOR INCOME TAXES. THE ASSOCIATION CURRENTLY DOES NOT HAVE ANY INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE THAT IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ASSOCIATION REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN PREVIOUSLY FILED INFORMATION RETURNS AND IN ITS FINANCIAL STATEMENTS, WITH REGARD TO ISSUES AFFECTING ITS TAX-EXEMPT STATUS, UNRELATED BUSINESS INCOME AND RELATED MATTERS. THE ASSOCIATION BELIEVES THAT IN THE EVENT OF AN EXAMINATION BY TAXING AUTHORITIES, ITS POSITION WOULD PREVAIL. THEREFORE THE ASSOCIATION HAS CONCLUDED THAT NO TAX BENEFITS OR LIABILITIES ARE REQUIRED TO BE RECOGNIZED AT THIS TIME.
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation1GRANT FUNDS ARE RECORDED AS A REVENUE ITEM WITH CORRESPONDING DETAIL OF THE DISBURSEMENT. DISBURSEMENTS ARE APPROVED BY THE DIRECTOR ONLY FOR THE GRANT PURPOSE.
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IRS990ScheduleI/RecipientTable/PurposeOfGrant0GRANT FUNDS ARE RECORDED AS A REVENUE ITEM WITH CORRESPONDING DETAIL OF THE DISBURSEMENT. DISBURSEMENTS ARE APPROVED BY THE DIRECTOR ONLY FOR THE GRANT PURPOSE.
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IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0PURCHASE OF GENERAL OFFICE SUPPLIES AND OFFICE FURNITURE
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0BO KING
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0BOARD MEMBER- APPOINTED TO BOARD 7/01/2008
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION PURCHASES OFFICE SUPPLIES FROM KING'S OFFICE SUPPLY, OWNED BY BO KING, APPOINTED TO BOARD 7/01/08.
IRS990ScheduleO/GeneralExplanation/Explanation1ONLY THE BOARD MAY TAKE ACTION, SUB-COMMITTEES OF THE BOARD REPORT DIRECTLY TO THE BOARD PRIOR TO ORGANIZATION ACTING AND CONTEMPORANEOUS MINUTES ARE TAKEN AT THAT TIME.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 WAS PRESENTED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE (OFFICERS OF THE BOARD) FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD HAS ADOPTED A "CONFILCT OF INTEREST POLICY" IN ITS BOARD MINUTES OF JANUARY 13, 2010 WHEREBY BOARD MEMBERS ARE TO REPORT ANNUALLY IN WRITING OF ANY SUCH POTENTIAL CONFLICTS OF INTEREST. SEE OTHER CHANGES ADOPTED BY THE BOARD SINCE THE LAST FORM 990
IRS990ScheduleO/GeneralExplanation/Explanation4THIS INFORMATION IS AVAILABLE IN THE ORGANIZATIONS OFFICE IN ELECTRONIC FORMAT UPON REQUEST
IRS990ScheduleO/GeneralExplanation/Explanation5THIS INFORMATION IS AVAILABLE ON GUIDE STAR WEB SITE, IN THE PERSONNEL MANUAL, AND IN THE OFFICE IN ELECTRONIC FORMAT UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation6BARRY MATHERLY - 9019 PARK GROVE ST, HUNTERSVILLE, NC 28078.
IRS990ScheduleO/GeneralExplanation/Explanation7THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/GeneralExplanation/Identifier0CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/GeneralExplanation/Identifier1THE EXECUTIVE COMMITTEE (OFFICERS) OF THE BOARD ASSUMES RESPONSIBILITY FOR
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VII
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 2C
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10115 WEST MAIN ST
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine11PO BOX 617
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine12550 SOUTH CALDWELL STREET SUITE 760
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine13502 EAST MAIN ST
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine14502 EAST MAIN ST
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0LINCOLNTON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City1LINCOLNTON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City2CHARLOTTE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City3LINCOLNTON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City4LINCOLNTON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State1NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State2NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State3NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State4NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode028092
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode128092
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode228202
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode328092
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode428092
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg10
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg20
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg30
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg40
IRS990ScheduleR/Form990ScheduleRPartII/EIN0566000315
IRS990ScheduleR/Form990ScheduleRPartII/EIN1566001269
IRS990ScheduleR/Form990ScheduleRPartII/EIN2581457132
IRS990ScheduleR/Form990ScheduleRPartII/EIN3208404628
IRS990ScheduleR/Form990ScheduleRPartII/EIN4030398692
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection1501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection2501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection3501(C)4
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection4501(C)4
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0NC
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState1NC
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState2NC
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState3NC
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState4NC
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10LINCOLN COUNTY
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine11CITY OF LINCOLNTON
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine12CHARLOTTE REGIONAL PARTNERSHIP
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine13INDUSTRIAL MANAGERS ASSOCIATION
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine14LINCOLN COUNTY INDUSTRIAL PARK OWNERS ASSOCIATION
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0COUNTY GOV'T FUNDING TO LEDA AND OWNERSHIP OF INDUSTRIAL PARK

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,597,933
Liabilities
$442,671
Net assets
$1,155,262
Revenue
-
Expenses
$667,942
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.08$0.77$0.92$0.96$0.04
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.10$0.81$0.94$0.95$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.07$0.82$0.83$0.84$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.07$0.83$0.83$0.87$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.11$0.87$0.83$0.86$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.11$0.90$0.77$0.87$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.12$1.00$0.80$0.87$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.05$1.07$0.81$0.83$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.11$1.09$0.75$0.78$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.18$1.12$0.83$0.79$0.04
2015Summary only. Only limited summary data is available for this year.$1.35$0.28$1.07$0.81$0.71$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.33$0.97$0.72$0.72$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.39$0.97$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.44$1.16$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.60$1.03$0.70