Civic Intelligence

Swiss Bear Downtown Development

990 • Fiscal year 2016 • EIN 56-1255578

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

P O Box 597New Bern, NC 28563

(252) 638-5781

Siviq Scores

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

Liabilities / Assets

84th percentile

0.36x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.22x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Net Margin

56th percentile

5.6%

Higher net margin than 56% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Asset Growth

91st percentile

74%

Faster asset growth than 91% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-8.3%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$196,685

Up $83,457 (+74%) from 2015

Net Assets

Up

$125,869

Up $18,059 (+17%) from 2015

Liabilities

Up

$70,816

Up $65,398 (+1207%) from 2015

Revenue

Down

$324,193

Down $29,274 (-8.3%) from 2015

Expenses

Down

$306,134

Down $22,477 (-6.8%) from 2015

Net Income

Down

$18,059

Down $6,797 (-27%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $199,525Liabilities 2011: $2,822Net Assets 2011: $196,7032011Assets 2012: $150,028Liabilities 2012: $5,922Net Assets 2012: $144,1062012Assets 2013: $149,606Liabilities 2013: $5,444Net Assets 2013: $144,1622013Assets 2014: $92,699Liabilities 2014: $9,745Net Assets 2014: $82,9542014Assets 2015: $113,228Liabilities 2015: $5,418Net Assets 2015: $107,8102015Assets 2016: $196,685Liabilities 2016: $70,816Net Assets 2016: $125,8692016Assets 2017: $197,858Liabilities 2017: $19,491Net Assets 2017: $178,3672017Assets 2018: $494,578Liabilities 2018: $310,696Net Assets 2018: $183,8822018Assets 2019: $342,040Liabilities 2019: $176,892Net Assets 2019: $165,1482019Assets 2020: $437,839Liabilities 2020: $124,540Net Assets 2020: $313,2992020Assets 2021: $498,071Liabilities 2021: $119,664Net Assets 2021: $378,4072021Assets 2022: $462,100Liabilities 2022: $131,492Net Assets 2022: $330,6082022Assets 2023: $322,293Liabilities 2023: $37,539Net Assets 2023: $284,7542023Assets 2024: $331,159Liabilities 2024: $26,513Net Assets 2024: $304,6462024

Highlighted filing

2016

Assets$196,685
Liabilities$70,816
Net Assets$125,869

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $340,240Expenses 2011: $345,141Net Income 2011: -$4,9012011Revenue 2012: $203,943Expenses 2012: $167,870Net Income 2012: $36,0732012Revenue 2013: $259,731Expenses 2013: $259,675Net Income 2013: $562013Revenue 2014: $254,920Expenses 2014: $316,128Net Income 2014: -$61,2082014Revenue 2015: $353,467Expenses 2015: $328,611Net Income 2015: $24,8562015Revenue 2016: $324,193Expenses 2016: $306,134Net Income 2016: $18,0592016Revenue 2017: $470,021Expenses 2017: $417,523Net Income 2017: $52,4982017Revenue 2018: $443,799Expenses 2018: $438,284Net Income 2018: $5,5152018Revenue 2019: $367,999Expenses 2019: $386,733Net Income 2019: -$18,7342019Revenue 2020: $373,037Expenses 2020: $224,886Net Income 2020: $148,1512020Revenue 2021: $532,465Expenses 2021: $469,857Net Income 2021: $62,6082021Revenue 2022: $373,445Expenses 2022: $421,244Net Income 2022: -$47,7992022Revenue 2023: $387,151Expenses 2023: $433,005Net Income 2023: -$45,8542023Revenue 2024: $343,414Expenses 2024: $323,522Net Income 2024: $19,8922024

Highlighted filing

2016

Revenue$324,193
Expenses$306,134
Net Income$18,059
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$324,193
Mission and Program Overview

Mission

Swiss bear, inc. Facilitates development of the greater downtown area through leadership and planning that empowers community stakeholders to promote and enhance new bern's unique cultural and natural resources.

Promote downtown business district

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$54,658$100,678▲ $46,020
Cash and Non-Interest-Bearing Accounts$54,679$73,481▲ $18,802
Prepaid Expenses and Deferred Charges-$19,500-
Accounts Receivable$2,000$1,500▼ $500
Investments in Publicly Traded Securities$1,125$1,125→ $0
Land, Buildings, and Equipment, Net$766$401▼ $365
Total Assets$113,228$196,685▲ $83,457
Liabilities
Deferred Revenue-$64,701-
Accounts Payable and Accrued Expenses$5,418$6,115▲ $697
Total Liabilities$5,418$70,816▲ $65,398
Net Assets / Fund Balance
Unrestricted Net Assets$107,810$79,877▼ $27,933
Temporarily Rstr Net Assets-$45,992-
Total Net Assets Fund Balance$107,810$125,869▲ $18,059
Total Liabilities and Net Assets / Fund Balance$113,228$196,685▲ $83,457

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$401$54,441$54,842
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$29,499
Program Service Revenue
$294,583
Investment Income
$111
Other Revenue
$0
All Other Contributions
$29,499
Change in Net Assets
$18,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,833
Salaries, Compensation, and Employee Benefits$78,301
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,310$28,873-$72,183
Occupancy$6,930$6,342-$13,272
Insurance$3,920$2,613-$6,533
Payroll Taxes$3,313$2,209-$5,522
Fees for Services Accounting-$4,344-$4,344
All Other Expenses$1,260$2,360-$3,620
Other Expenses$3,505--$3,505
Office Expenses$485$2,436-$2,921
Conferences and Meetings$1,400$446-$1,846
Fees for Services Other-$614-$614
Information Technology$259$303-$562
Other Employee Benefits$300$200-$500
Depreciation Depletion$312$52-$364
Advertising$347--$347
Pension Plan Contributions$58$38-$96
Total Functional Expenses$255,304$50,830$0$306,134
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
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Charles blythe david blythe director director parent-child sabrina bengel buddy bengel director director parent-child

Form 990, Page 6, Part VI, Line 7A

Ex-officio board members are members by virtue of their office and will retain their place on the board so long as they retain their office. At-large members are elected from the community at-large from citizens who either demonstrate interest in the objectives and work of the corporation or who represent identifiable segments of the community. Each at-large member is elected by a majority vote of the board. Emeritus board members are long term board members with many years of service and are elected by a majority vote of the board. Recommendations for a slate of officers and any board vacancies are submitted to the board from a nominating committee in december.

Form 990, Page 6, Part VI, Line 7B

Matters that are deemed to require discussion and approval are presented first to the executive board and voted upon. If necessary, certain matters may be presented to the full board for discussion and approval.

Form 990, Page 6, Part VI, Line 11B

The finance committee will review the tax return. It will also be presented to the board of directors. The return will be available at the office for review before filing.

Form 990, Page 6, Part VI, Line 12C

The organization monitors and enforces the conflict of interst policy as the organization functions throughout the year. The conflict of interest issue is considered with each event and/or transaction. If a conflict of interest arises, the event and/or transaction is modified accordingly to fall within the policy guidelines.

Form 990, Page 6, Part VI, Line 15A

The executive directors compensation is reviewed and approved by the executive board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Swiss Bear Downtown Development
EIN
56-1255578
Phone
2526385781
Address
P O BOX 597, NEW BERN, NC 28563

Signing Officer

Name
Chris Mccutcheon
Title
Treasurer
Phone
2526385781
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Bircher
Formed
1979
Legal Domicile
Nc
Voting Board Members
52
Independent Board Members
0
Employees
4
Volunteers
60

Preparer

Firm
A G Salem & Associates Pllc
Address
210 CRAVEN STREET, NEW BERN, NC 28560-2152
Preparer
Anthony G Salem CPA
Phone
2526368780
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Special events and programs to assist in the promotion of the downtown business district

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt39DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt40DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt41DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt42DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt43DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt44DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt45DIRECTOR
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IRS990/FormationYr01979
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0766
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$0.27$3.05$3.43$3.24$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.38$2.85$3.87$4.33$0.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$1.31$3.31$3.73$4.21$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$1.20$3.78$5.32$4.70$0.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$1.25$3.13$3.73$2.25$1.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.42$1.77$1.65$3.68$3.87$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$3.11$1.84$4.44$4.38$0.06
2017Summary only. Only limited summary data is available for this year.$1.98$0.19$1.78$4.70$4.18$0.52
2016Detailed filing. Detailed filing data is available for this year.$1.97$0.71$1.26$3.24$3.06$0.18
2015Summary only. Only limited summary data is available for this year.$1.13$0.05$1.08$3.53$3.29$0.25
2014Summary only. Only limited summary data is available for this year.$0.93$0.10$0.83$2.55$3.16$0.61
2013Summary only. Only limited summary data is available for this year.$1.50$0.05$1.44$2.60$2.60$0.00
2012Summary only. Only limited summary data is available for this year.$1.50$0.06$1.44$2.04$1.68$0.36
2011Summary only. Only limited summary data is available for this year.$2.00$0.03$1.97$3.40$3.45$0.05