Civic Intelligence

Lincoln Economic Development Association

990 • Fiscal year 2013 • EIN 56-1188297

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 17, 2014

Organization ProfileWWW.LICOLNEDA.ORG
502 East Main Street28092
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.

2013 filings • NTEE S • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

8th percentile

-15%

Faster asset growth than 8% of similar nonprofits.

2013 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$1,359,123

Down $238,810 (-15%) from 2012

Net Assets

Down

$973,113

Down $182,149 (-16%) from 2012

Liabilities

Down

$386,010

Down $56,661 (-13%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$663,001

Down $4,941 (-0.7%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2013

Assets$1,359,123
Liabilities$386,010
Net Assets$973,113
Open 2013 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

2013

Revenue-
Expenses$663,001
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 17, 2014
Return Version
2012v2.3
Gross Receipts
$732,662
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 550 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/Form990ScheduleDPartXIII/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 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.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0SUPPLEMENTAL FINANCIAL INFORMATION
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0GRANT 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/AmountOfTransaction0469
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0PURCHASE SUPPLIES
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine10KINGS OFFICE SUPPLY INC
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0BOARD MEMBER
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues0false
IRS990ScheduleO/GeneralExplanation/Explanation0TO 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 PROVIDE NEEDED COMMUNITY SERVICES.
IRS990ScheduleO/GeneralExplanation/Explanation1ONLY THE BOARD MAY TAKE ACTION, SUB-COMMITTEES OF THE BOARD REPORT DIRECTLY TO THE BOARD PRIOR TO THE 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 "CONFLICT OF INTEREST POLICY" IN ITS BOARD MINUTES FOR 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 BOAR SINCE THE LAST FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation4THIS INFORMATION IS AVAILABLE IN THE ORGANIZATION'S OFFICE IN ELECTRONIC FORMAT UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5THIS INFORMATION IS AVAILABLE ON GUIDE STAR WEBSITE, IN THE PERSONNEL MANUAL, AND IN THE OFFICE IN ELECTRONIC FORMAT UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation6ROUNDING DUE TO DEPRECIATION 6 LAND TRANSFERRED PER LEASE AGREEMENT 2007 251,816
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1DOCUMENTATION BY COMMITTEE
IRS990ScheduleO/GeneralExplanation/Identifier2ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4NO PUBLIC DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier6OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XI, LINE 9
IRS990/ScheduleORequired0true
IRS990ScheduleR/DividendsRelatedOrganization0false
IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10115 WEST MAINT STREET
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine11PO BOX 617
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine12550 SOUTH CALDWELL STREET STE 760
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine13502 EAST MAIN STREET
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0LINCOLNTON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City1LINCOLNTON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City2CHARLOTTE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City3LINCOLNTON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State1NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State2NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State3NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode028092
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode128093
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode228202
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode328092
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,359,123
Liabilities
$386,010
Net assets
$973,113
Revenue
-
Expenses
$663,001
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