Civic Intelligence

Catawba County Economic Development Corp

EIN 56-1195680 • 501(c)3 • Hickory, NC

Profile

Encourage the industrial and commercial growth of catawba county

PO Box 3388Hickory, NC 28603

www.catawbaedc.org

Siviq Scores

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

Liabilities / Assets

74th percentile

0.45x

Higher debt load relative to assets than 74% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

52nd percentile

0.23x

Higher debt load relative to revenue than 52% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Net Margin

38th percentile

-0.1%

Higher net margin than 38% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

80th percentile

$225,847

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2025

Asset Growth

41st percentile

1.2%

Faster asset growth than 41% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

17th percentile

-17%

Faster revenue growth than 17% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$505,120

Up $6,221 (+1.2%) from 2024

Liabilities

Up

$229,042

Up $7,478 (+3.4%) from 2024

Net Assets

Down

$276,078

Down $1,257 (-0.5%) from 2024

Operations
Liabilities / Revenue52nd percentileNet Margin38th percentile

Revenue

Down

$1,006,604

Down $209,248 (-17%) from 2024

Expenses

Down

$1,007,861

Down $253,967 (-20%) from 2024

Net Income

Up

-$1,257

Up $44,719 (+97%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

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

$1.0M$500K$0Assets 2011: $746,224Liabilities 2011: $296,094Net Assets 2011: $450,1302011Assets 2012: $603,795Liabilities 2012: $172,058Net Assets 2012: $431,7372012Assets 2013: $578,285Liabilities 2013: $105,321Net Assets 2013: $472,9642013Assets 2014: $502,718Liabilities 2014: $84,319Net Assets 2014: $418,3992014Assets 2015: $892,709Liabilities 2015: $264,542Net Assets 2015: $628,1672015Assets 2016: $733,641Liabilities 2016: $151,058Net Assets 2016: $582,5832016Assets 2017: $604,882Liabilities 2017: $98,561Net Assets 2017: $506,3212017Assets 2018: $522,817Liabilities 2018: $110,952Net Assets 2018: $411,8652018Assets 2019: $441,641Liabilities 2019: $77,919Net Assets 2019: $363,7222019Assets 2020: $294,771Liabilities 2020: $63,116Net Assets 2020: $231,6552020Assets 2021: $313,905Liabilities 2021: $69,042Net Assets 2021: $244,8632021Assets 2022: $739,999Liabilities 2022: $428,963Net Assets 2022: $311,0362022Assets 2023: $617,119Liabilities 2023: $318,808Net Assets 2023: $298,3112023Assets 2024: $498,899Liabilities 2024: $221,564Net Assets 2024: $277,3352024Assets 2025: $505,120Liabilities 2025: $229,042Net Assets 2025: $276,0782025

Highlighted filing

2025

Assets$505,120
Liabilities$229,042
Net Assets$276,078
Open 2025 Filing

Operations Trend

Revenue Growth17th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $995,9762011Revenue 2012: $729,897Expenses 2012: $748,290Net Income 2012: -$18,3932012Revenue 2013: $3,492,706Expenses 2013: $3,451,479Net Income 2013: $41,2272013Revenue 2014: $858,114Expenses 2014: $912,679Net Income 2014: -$54,5652014Revenue 2015: $1,148,164Expenses 2015: $938,396Net Income 2015: $209,7682015Revenue 2016: $920,041Expenses 2016: $965,625Net Income 2016: -$45,5842016Revenue 2017: $800,050Expenses 2017: $876,312Net Income 2017: -$76,2622017Revenue 2018: $935,560Expenses 2018: $1,030,016Net Income 2018: -$94,4562018Revenue 2019: $765,887Expenses 2019: $814,030Net Income 2019: -$48,1432019Revenue 2020: $750,803Expenses 2020: $882,870Net Income 2020: -$132,0672020Revenue 2021: $785,771Expenses 2021: $772,563Net Income 2021: $13,2082021Revenue 2022: $833,852Expenses 2022: $767,679Net Income 2022: $66,1732022Revenue 2023: $941,932Expenses 2023: $954,657Net Income 2023: -$12,7252023Revenue 2024: $1,215,852Expenses 2024: $1,261,828Net Income 2024: -$45,9762024Revenue 2025: $1,006,604Expenses 2025: $1,007,861Net Income 2025: -$1,2572025

Highlighted filing

2025

Revenue$1,006,604
Expenses$1,007,861
Net Income-$1,257
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$505,120
Liabilities
$229,042
Net assets
$276,078
Revenue
$1,006,604
Expenses
$1,007,861
Net income
-$1,257
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.51$0.23$0.28$1.01$1.01$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.22$0.28$1.22$1.26$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.62$0.32$0.30$0.94$0.95$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.74$0.43$0.31$0.83$0.77$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.07$0.24$0.79$0.77$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.06$0.23$0.75$0.88$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.08$0.36$0.77$0.81$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.11$0.41$0.94$1.03$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.10$0.51$0.80$0.88$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.73$0.15$0.58$0.92$0.97$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.26$0.63$1.15$0.94$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.08$0.42$0.86$0.91$0.05
2013Summary only. Only limited summary data is available for this year.$0.58$0.11$0.47$3.49$3.45$0.04
2012Summary only. Only limited summary data is available for this year.$0.60$0.17$0.43$0.73$0.75$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.30$0.45$1.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,006,604
Mission and Program Overview

Mission

Encourage the industrial and commercial growth of catawba county

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$207,085$249,313▲ $42,228
Savings and Temporary Cash Investments$270,757$118,245▼ $152,512
Land, Buildings, and Equipment, Net$14,474$22,337▲ $7,863
Accounts Receivable$3,966$4,703▲ $737
Prepaid Expenses and Deferred Charges$2,617$2,693▲ $76
Total Assets$498,899$505,120▲ $6,221
Other Assets Total-$107,829-
Liabilities
Unsecured Notes Loans Payable-$97,864-
Accounts Payable and Accrued Expenses$50,203$70,130▲ $19,927
Deferred Revenue$171,361$61,048▼ $110,313
Total Liabilities$221,564$229,042▲ $7,478
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$177,938$162,681▼ $15,257
Net Assets With Donor Restrictions$99,397$113,397▲ $14,000
Total Net Assets Fund Balance$277,335$276,078▼ $1,257
Total Liabilities and Net Assets / Fund Balance$498,899$505,120▲ $6,221

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$70,259$70,259
Equipment$22,337$43,843$66,180
Other Assets Org$107,829--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott MillarPresidentFT$209,252$16,595$225,847
Revenue and Support

Revenue Composition

Contributions and Grants
$988,666
Program Service Revenue
$0
Investment Income
$17,938
Other Revenue
$0
All Other Contributions
$131,388
Change in Net Assets
$-1,257

Audited Revenue Reconciliation

Revenue per Audited Statements
$988,666
Revenue Not Reported on Form 990
$17,938
Total Revenue per Audited Statements
$1,006,604
Total Revenue per Form 990
$988,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$695,612
Other Expenses$312,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$210,622$117,675-$328,297
Current Officers, Directors, Trustees, and Key Employees$146,801$79,046-$225,847
Fees for Services Other$218,593--$218,593
Other Employee Benefits$35,309$19,434-$54,743
Pension Plan Contributions$28,344$15,600-$43,944
Payroll Taxes$27,594$15,187-$42,781
Office Expenses$3,555$11,753-$15,308
Occupancy-$14,508-$14,508
Fees for Services Accounting-$14,240-$14,240
Conferences and Meetings-$10,152-$10,152
Insurance-$7,389-$7,389
Travel$3,811$1,270-$5,081
Depreciation Depletion$3,218$1,379-$4,597
Other Expenses$2,367$1,938-$1,938
Total Functional Expenses$687,358$320,503$0$1,007,861

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,007,861
Total Expenses per Audited Statements$1,007,861
Total Expenses per Form 990$1,007,861
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

“Form 990, part vi, section a, line 8b: there are no committees that have the authority to act on behalf of the governing body without board approval.”

Form 990 governing body review Part VI line 11

“Form 990, part vi, section b, line 11: the form 990 is reviewed by the executive committee (officers of the board) and made available to all members of the board for their review if so desired.”

Officer director etc mailing address Part VI line 9

“Form 990, part vii, contact address for officers, directors, etc.: scott millar - 980 16th avenue place nw, hickory, nc 28602”

Conflict of interest policy compliance Part VI line 12C

“Form 990, page 6, part vi, line 12cconflict of interest policy: the board members are required to copmplete a conflict of interest survey annually to include each board memberes signature. The board and the executive committee are responsible for monitoring and oversite of this policy.”

CEO executive director top management comp Part VI line 15A

“Form 990, page 6, part vi, line 15a compensation the executive committee uses outside information of similar entities to establish compensation of ithe corporations executive officer as well as staff compensation and make recommendations to the board of directors for action.”

Form 990 availability to public Part VI line 18

“Form 990, part vi, section c, line 19: this information is available on guide starweb site, and in the office in electronic format upon request.”

Governing documents etc available to public Part VI line 19

“Form 990, part vi, section c, line 18: this information is available in the organizations office in electronic format upon request.”

Filing and Contact Details

Filer

Filer Name
Catawba County Economic Development Corp
EIN
56-1195680
In Care Of
% SCOTT L MILLAR
Phone
8282671564
Address
PO BOX 3388, HICKORY, NC 28603

Signing Officer

Name
Scott L Millar
Title
President
Phone
8282671564
Signed
2025-11-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Scott Millar
Formed
1977
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
6

Preparer

Firm
Robert M Pegg CPA Pllc
Address
950 TATE BLVD SE SUITE 108, Hickory, NC 28602
Preparer
Robert M Pegg CPA
Phone
8283583227
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“See the overflow statement detailing the other program expenses for which the total of $404,433 exceeds 10% of form 990, part ix, line 25. Year end 6.30.2016”

General explanation attachment

“Form 990, part i, line 1, description of organization mission: improve job opportunities ,promote social welfare throughcombating community deterioration, and instruct and educate the public, including business management, on subjects useful and beneficial to the community.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART VI, SECTION A, LINE 8B: THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY WITHOUT BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION B, LINE 11: THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE (OFFICERS OF THE BOARD) AND MADE AVAILABLE TO ALL MEMBERS OF THE BOARD FOR THEIR REVIEW IF SO DESIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VII, CONTACT ADDRESS FOR OFFICERS, DIRECTORS, ETC.: SCOTT MILLAR - 980 16TH AVENUE PLACE NW, HICKORY, NC 28602
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PAGE 6, PART VI, LINE 12CCONFLICT OF INTEREST POLICY: THE BOARD MEMBERS ARE REQUIRED TO COPMPLETE A CONFLICT OF INTEREST SURVEY ANNUALLY TO INCLUDE EACH BOARD MEMBERES SIGNATURE. THE BOARD AND THE EXECUTIVE COMMITTEE ARE RESPONSIBLE FOR MONITORING AND OVERSITE OF THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION THE EXECUTIVE COMMITTEE USES OUTSIDE INFORMATION OF SIMILAR ENTITIES TO ESTABLISH COMPENSATION OF ITHE CORPORATIONS EXECUTIVE OFFICER AS WELL AS STAFF COMPENSATION AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART VI, SECTION C, LINE 19: THIS INFORMATION IS AVAILABLE ON GUIDE STARWEB SITE, AND IN THE OFFICE IN ELECTRONIC FORMAT UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990, PART VI, SECTION C, LINE 18: THIS INFORMATION IS AVAILABLE IN THE ORGANIZATIONS OFFICE IN ELECTRONIC FORMAT UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SEE THE OVERFLOW STATEMENT DETAILING THE OTHER PROGRAM EXPENSES FOR WHICH THE TOTAL OF $404,433 EXCEEDS 10% OF FORM 990, PART IX, LINE 25. YEAR END 6.30.2016
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: IMPROVE JOB OPPORTUNITIES ,PROMOTE SOCIAL WELFARE THROUGHCOMBATING COMMUNITY DETERIORATION, AND INSTRUCT AND EDUCATE THE PUBLIC, INCLUDING BUSINESS MANAGEMENT, ON SUBJECTS USEFUL AND BENEFICIAL TO THE COMMUNITY.
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