Civic Intelligence

The Southern Arts Society Inc

EIN 56-1406484 • 501(c)3 • Kings Mountain, NC

Profile

PROMOTE THE ARTS

PO Box 334 301 N Piedmont AveKings Mountain, NC 28086-0334
Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A • <$500k nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A • <$500k nonprofits • Source year 2015

Net Margin

78th percentile

32%

Higher net margin than 78% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2015

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

NTEE A • <$500k nonprofits • Source year 2015

Asset Growth

74th percentile

30%

Faster asset growth than 74% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

52nd percentile

3.1%

Faster revenue growth than 52% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$53,121

Up $12,264 (+30%) from 2014

Liabilities

Flat

$0

Flat from 2014

Net Assets

Up

$53,121

Up $12,264 (+30%) from 2014

Revenue

Up

$38,205

Up $1,131 (+3.1%) from 2014

Expenses

Down

$25,941

Down $9,744 (-27%) from 2014

Net Income

Up

$12,264

Up $10,875 (+783%) from 2014

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2010: $27,880Liabilities 2010: $0Net Assets 2010: $27,8802010Assets 2011: $26,446Liabilities 2011: $0Net Assets 2011: $26,4462011Assets 2012: $40,803Liabilities 2012: $0Net Assets 2012: $40,8032012Assets 2013: $39,468Liabilities 2013: $0Net Assets 2013: $39,4682013Assets 2014: $40,857Liabilities 2014: $0Net Assets 2014: $40,8572014Assets 2015: $53,121Liabilities 2015: $0Net Assets 2015: $53,1212015

Highlighted filing

2015

Assets$53,121
Liabilities$0
Net Assets$53,121

Operations Trend

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

$80K$60K$40K$20K$0-$20KRevenue 2010: $30,328Expenses 2010: $33,819Net Income 2010: -$3,4912010Revenue 2011: $60,849Expenses 2011: $58,801Net Income 2011: $2,0482011Expenses 2012: $31,3502012Revenue 2013: $44,974Expenses 2013: $46,309Net Income 2013: -$1,3352013Revenue 2014: $37,074Expenses 2014: $35,685Net Income 2014: $1,3892014Revenue 2015: $38,205Expenses 2015: $25,941Net Income 2015: $12,2642015

Highlighted filing

2015

Revenue$38,205
Expenses$25,941
Net Income$12,264

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 7, 2016
Return Version
2015v2.1
Gross Receipts
$57,204
Mission and Program Overview

Mission

PROMOTE THE ARTS

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$40,857$53,121▲ $12,264
Cash and Non-Interest-Bearing Accounts$24,948$36,507▲ $11,559
Land, Buildings, and Equipment, Net$2,909$3,614▲ $705
Total Assets$40,857$53,121▲ $12,264
Other Assets Total$13,000$13,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$40,857$53,121▲ $12,264
Total Liabilities and Net Assets / Fund Balance$40,857$53,121▲ $12,264

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,614$25,226-
Other Assets Org$13,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ronald ShepardPresident
Camiel BradshawV President
Jo Ann FordSecretary
Johnsie ReavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,541
Program Service Revenue
$8,540
Investment Income
$0
Other Revenue
$8,124
All Other Contributions
$1,160
Change in Net Assets
$12,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,941
Total Fundraising Expense$2,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$11,266$3,276$2,550$17,092
Advertising-$1,801-$1,801
Depreciation Depletion$1,052$623-$1,675
Office Expenses-$1,580-$1,580
Insurance-$773-$773
Other Expenses$2,205$375-$375
Total Functional Expenses$14,523$8,868$2,550$25,941
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

01. Form 990 governing body review (Part VI, Line 11a)THE BOARD OF DIRECTORS REVIEWS A PROFIT/LOSS STATEMENT MONTHLY; THE PRESIDENT AND TREASURER REVIEWS THE 990 UPON COMPLETION.02. Form 990 conflict of interest (Part VI, Line 11b)IF A RELATIVE OF THE SCHOLARSHIP SELECTING COMMITTEE MEMBER IS A CANDIDATE FOR A SCHOLARSHIP THAT SELECTION COMMITTEE MEMBER WOULD REMOVE HIS OR HERSELF FROM THAT SELECTION PROCESS. (Part VI, Line 11c)EACH YEAR WHEN THE SCHOLARSHIP APPLICATIONS ARE RECEIVED THE APPLICATION NAMES ARE PRESENTED TO A COMMITTEE. AT THAT TIME THE PRESIDENT ASK THAT IF A CONFLICT OF INTEREST EXIST THAT SAID COMMITTEE MEMBER BE EXCUSED.03. Governing documents, etc, available to public (Part VI, Line 19)UPON REQUEST THE FINANCIAL STAEMENTS AND ANY GOVENMENT DOCUMENTS A

Conflict of interest policy compliance Part VI line 12C

If a relative of the scholarship selecting committee member is a candidate for a scholarship that selection committee member would remove his or herself from that selection process.

Governing documents etc available to public Part VI line 19

Upon request the financial statements and any govenment documents are furnished

Filing and Contact Details

Filer

Filer Name
The Southern Arts Society Inc
EIN
56-1406484
Address
PO BOX 334 301 N PIEDMONT AVE, KINGS MOUNTAIN, NC 28086-0334

Signing Officer

Name
Ronald Shepard
Title
President
Phone
7047395585
Signed
2016-03-07
Discuss with paid preparer
No

Organization Details

Principal Officer
Ronald Shepard
Formed
1984
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
40

Preparer

Firm
Johnsie M Reavis
Address
411 CRESCENT HILL ROAD, Kings Mountain, NC 28086
Preparer
Johnsie M Reavis
Phone
7047392056
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

See attachment preparer note padoverflow statement

Raw XML Appendix347 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt001. Form 990 governing body review (Part VI, Line 11a)THE BOARD OF DIRECTORS REVIEWS A PROFIT/LOSS STATEMENT MONTHLY; THE PRESIDENT AND TREASURER REVIEWS THE 990 UPON COMPLETION.02. Form 990 conflict of interest (Part VI, Line 11b)IF A RELATIVE OF THE SCHOLARSHIP SELECTING COMMITTEE MEMBER IS A CANDIDATE FOR A SCHOLARSHIP THAT SELECTION COMMITTEE MEMBER WOULD REMOVE HIS OR HERSELF FROM THAT SELECTION PROCESS. (Part VI, Line 11c)EACH YEAR WHEN THE SCHOLARSHIP APPLICATIONS ARE RECEIVED THE APPLICATION NAMES ARE PRESENTED TO A COMMITTEE. AT THAT TIME THE PRESIDENT ASK THAT IF A CONFLICT OF INTEREST EXIST THAT SAID COMMITTEE MEMBER BE EXCUSED.03. Governing documents, etc, available to public (Part VI, Line 19)UPON REQUEST THE FINANCIAL STAEMENTS AND ANY GOVENMENT DOCUMENTS A
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt053121
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt014523
IRS990/TotalProgramServiceRevenueAmt08540
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016664
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt038205
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040857
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt053121
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01116 CROWDERS WOODS DR
IRS990/USAddress/CityNm0Gastonia
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028052
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD SHEPARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07047395585
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SOUTHERN ARTS SOCIETY INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0561406484
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 334 301 N PIEDMONT AVE
ReturnHeader/Filer/USAddress/CityNm0KINGS MOUNTAIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0280860334
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561657161
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSIE M REAVIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0411 CRESCENT HILL ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kings Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028086
ReturnHeader/PreparerPersonGrp/PhoneNum07047392056
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHNSIE M REAVIS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-03-07T14:28:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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