Civic Intelligence

Chatham Trades Inc.

990 • Fiscal year 2019 • EIN 56-1272201

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 12, 2019

PO Box 511Siler City, NC 27344

(919) 663-3481

Siviq Scores

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

Liabilities / Assets

88th percentile

0.64x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

0.63x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Source year 2019

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$72,064

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2019 filings • NTEE J • $1M-$5M nonprofits • Source year 2019

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

36%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,005,140

Up $174,673 (+21%) from 2018

Net Assets

Up

$364,598

Up $171,925 (+89%) from 2018

Liabilities

Up

$640,542

Up $2,748 (+0.4%) from 2018

Revenue

Up

$1,008,885

Up $267,845 (+36%) from 2018

Expenses

Up

$836,960

Up $148,495 (+22%) from 2018

Net Income

Up

$171,925

Up $119,350 (+227%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $327,688Liabilities 2011: $136,482Net Assets 2011: $191,2062011Assets 2012: $202,341Liabilities 2012: $54,177Net Assets 2012: $148,1642012Assets 2013: $144,632Liabilities 2013: $53,086Net Assets 2013: $91,5462013Assets 2014: $144,582Liabilities 2014: $46,887Net Assets 2014: $97,6952014Assets 2015: $222,623Liabilities 2015: $63,071Net Assets 2015: $159,5522015Assets 2016: $187,892Liabilities 2016: $38,880Net Assets 2016: $149,0122016Assets 2017: $182,198Liabilities 2017: $42,104Net Assets 2017: $140,0942017Assets 2018: $830,467Liabilities 2018: $637,794Net Assets 2018: $192,6732018Assets 2019: $1,005,140Liabilities 2019: $640,542Net Assets 2019: $364,5982019Assets 2020: $1,240,018Liabilities 2020: $788,783Net Assets 2020: $451,2352020Assets 2021: $1,161,146Liabilities 2021: $633,998Net Assets 2021: $527,1482021Assets 2022: $941,578Liabilities 2022: $679,100Net Assets 2022: $262,4782022Assets 2023: $1,190,310Liabilities 2023: $758,883Net Assets 2023: $431,4272023Assets 2024: $1,075,422Liabilities 2024: $635,165Net Assets 2024: $440,2572024

Highlighted filing

2019

Assets$1,005,140
Liabilities$640,542
Net Assets$364,598

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $845,8292011Expenses 2012: $794,8692012Expenses 2013: $738,2002013Revenue 2014: $778,461Expenses 2014: $772,312Net Income 2014: $6,1492014Revenue 2015: $860,863Expenses 2015: $799,006Net Income 2015: $61,8572015Revenue 2016: $799,655Expenses 2016: $810,195Net Income 2016: -$10,5402016Revenue 2017: $762,857Expenses 2017: $771,775Net Income 2017: -$8,9182017Revenue 2018: $741,040Expenses 2018: $688,465Net Income 2018: $52,5752018Revenue 2019: $1,008,885Expenses 2019: $836,960Net Income 2019: $171,9252019Revenue 2020: $1,080,692Expenses 2020: $994,055Net Income 2020: $86,6372020Revenue 2021: $1,038,826Expenses 2021: $962,913Net Income 2021: $75,9132021Revenue 2022: $908,153Expenses 2022: $1,172,823Net Income 2022: -$264,6702022Revenue 2023: $911,158Expenses 2023: $1,075,847Net Income 2023: -$164,6892023Revenue 2024: $1,335,312Expenses 2024: $1,326,482Net Income 2024: $8,8302024

Highlighted filing

2019

Revenue$1,008,885
Expenses$836,960
Net Income$171,925
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 12, 2019
Return Version
2018v3.1
Gross Receipts
$1,008,885
Mission and Program Overview

Mission

Community rehabilitation program serving adults with physical, intellectual and developmental disabilities including evaluation, training, work activity, job development and job placement

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$645,290$891,533▲ $246,243
Cash and Non-Interest-Bearing Accounts$151,551$88,457▼ $63,094
Pledges and Grants Receivable$26,756$19,485▼ $7,271
Prepaid Expenses and Deferred Charges$6,870$5,665▼ $1,205
Savings and Temporary Cash Investments$0$0→ $0
Total Assets$830,467$1,005,140▲ $174,673
Liabilities
Mortgage Notes Payable Secured by Investment Property$602,500$593,463▼ $9,037
Accounts Payable and Accrued Expenses$35,294$47,079▲ $11,785
Total Liabilities$637,794$640,542▲ $2,748
Net Assets / Fund Balance
Unrestricted Net Assets$167,673$364,598▲ $196,925
Temporarily Rstr Net Assets$25,000$0▼ $25,000
Total Net Assets Fund Balance$192,673$364,598▲ $171,925
Total Liabilities and Net Assets / Fund Balance$830,467$1,005,140▲ $174,673

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$712,351$206,338$918,689
Land$169,102-$169,102
Other Land Buildings$5,416$63,871$69,287
Equipment$4,664$13,051$17,715
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shawn PoeExecutive DirectorFT$72,064$72,064

Board Members and Trustees

NameTitle
John EldridgePresident
Michael PelusoVice President
Joseph ThomasBoard Member
Kenneth McphersonBoard Member
Lisa WrightBoard Member
Mary HarrisBoard Member
Michelle IrinyiBoard Member
Neill LindleyBoard Member
Mike FisherSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$466,648
Program Service Revenue
$384,320
Investment Income
$0
Other Revenue
$157,917
All Other Contributions
$33,735
Change in Net Assets
$171,925

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,008,885
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,008,885
Total Revenue per Form 990
$1,008,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$641,962
Other Expenses$194,998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$411,550$57,009-$468,559
Current Officers, Directors, Trustees, and Key Employees$32,429$39,635-$72,064
Other Employee Benefits$58,625$3,801-$62,426
Payroll Taxes$31,721$7,192-$38,913
All Other Expenses$12,076$17,597-$29,673
Interest-$21,088-$21,088
Insurance$8,875$5,485-$14,360
Other Expenses$9,209$0-$9,209
Depreciation Depletion$7,155$1,745-$8,900
Fees for Services Accounting$5,514$1,836-$7,350
Office Expenses-$6,291-$6,291
Conferences and Meetings$4,463$406-$4,869
Travel$2,374$266-$2,640
Advertising$35--$35
Total Functional Expenses$658,278$178,682$0$836,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$836,960
Total Expenses per Audited Statements$836,960
Total Expenses per Form 990$836,960
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$517
Fundraising Direct Expenses$0
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

Items relating to personnel salaries, agency service policies, and purchases of items over $5,000 require board approval.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 was e-mailed to all board members for their approval.

Form 990, Part VI, Section C, Line 19

Governing documents (including form 990) may be viewed in the organizations business office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Chatham Trades Inc
EIN
56-1272201
Phone
9196633481
Address
PO BOX 511, SILER CITY, NC 27344

Signing Officer

Name
Shawn Poe
Title
Executive Director
Phone
9196633481
Signed
2019-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Poe
Formed
1980
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
58
Volunteers
0

Preparer

Firm
Ward & Foust Cpas Pa
Address
PO BOX 185, SILER CITY, NC 27344
Preparer
Donna S Foust
Phone
9196632311
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IRS990/ProgramServiceRevenueGrp/BusinessCd1624310
IRS990/ProgramServiceRevenueGrp/BusinessCd2624310
IRS990/ProgramServiceRevenueGrp/Desc0INNOVATIONS WAIVER (ME
IRS990/ProgramServiceRevenueGrp/Desc1CARDINAL INNOVATION
IRS990/ProgramServiceRevenueGrp/Desc2SANDHILLS CENTER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0246639
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1121600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0246639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1121600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt216081
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0245504
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0139732
IRS990/PYOtherRevenueAmt0140131
IRS990/PYProgramServiceRevenueAmt0355405
IRS990/PYRevenuesLessExpensesAmt052575
IRS990/PYSalariesCompEmpBnftPaidAmt0548733
IRS990/PYTotalExpensesAmt0688465
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0741040
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0171925
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0541720
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0780385
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0574214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0580068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0675005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0686693
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03296365
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt088
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0745405
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt013305
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02523
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt013529
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04052
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt08555
IRS990ScheduleA/OtherIncome170Grp/TotalAmt041964
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98740
IRS990ScheduleA/PublicSupportPY170Pct00.98780
IRS990ScheduleA/PublicSupportTotal170Amt03296365
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0780385
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0574214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0580068
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0675005
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0686693
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03296365
IRS990ScheduleA/TotalSupportAmt03338417
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0712351
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0206338
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0918689
IRS990ScheduleD/EquipmentGrp/BookValueAmt04664
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013051
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017715
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0836960
IRS990ScheduleD/LandGrp/BookValueAmt0169102
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0169102
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05416
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt063871
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt069287
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01008885
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0891533
IRS990ScheduleD/TotalExpensesPerForm990Amt0836960
IRS990ScheduleD/TotalRevenuePerForm990Amt01008885
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01008885
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0836960
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ITEMS RELATING TO PERSONNEL SALARIES, AGENCY SERVICE POLICIES, AND PURCHASES OF ITEMS OVER $5,000 REQUIRE BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 WAS E-MAILED TO ALL BOARD MEMBERS FOR THEIR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS (INCLUDING FORM 990) MAY BE VIEWED IN THE ORGANIZATIONS BUSINESS OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt025000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0830467
IRS990/TotalAssetsEOYAmt01005140
IRS990/TotalAssetsGrp/BOYAmt0830467
IRS990/TotalAssetsGrp/EOYAmt01005140
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0466648
IRS990/TotalEmployeeCnt058
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0178682
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0658278
IRS990/TotalFunctionalExpensesGrp/TotalAmt0836960
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0637794
IRS990/TotalLiabilitiesEOYAmt0640542
IRS990/TotalLiabilitiesGrp/BOYAmt0637794
IRS990/TotalLiabilitiesGrp/EOYAmt0640542
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0192673
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0364598
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0658278
IRS990/TotalProgramServiceRevenueAmt0384320
IRS990/TotalReportableCompFromOrgAmt072064
IRS990/TotalRevenueGrp/ExclusionAmt0517
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0541720
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01008885
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0830467
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01005140
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0266
IRS990/TravelGrp/ProgramServicesAmt02374
IRS990/TravelGrp/TotalAmt02640

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.$1.08$0.64$0.44$1.34$1.33$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.76$0.43$0.91$1.08$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.68$0.26$0.91$1.17$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.63$0.53$1.04$0.96$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.79$0.45$1.08$0.99$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.64$0.36$1.01$0.84$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.64$0.19$0.74$0.69$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.04$0.14$0.76$0.77$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.04$0.15$0.80$0.81$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.06$0.16$0.86$0.80$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.05$0.10$0.78$0.77$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.05$0.09$0.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.05$0.15$0.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.14$0.19$0.85
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • NTEE J330 • $1M-$5M nonprofits