Form 990, Part VI
“Reviewed by treasurer prior to filing.”
990 • Fiscal year 2021 • EIN 56-1442745
Scores are not available for this record yet.
Assets
Up$358,607
Up $18,548 (+5.5%) from 2020
Net Assets
Up$358,607
Up $22,361 (+6.7%) from 2020
Liabilities
Down$0
Down $3,813 (-100%) from 2020
Revenue
Up$1,038,746
Up $153,440 (+17%) from 2020
Expenses
Down$1,016,385
Down $107,532 (-9.6%) from 2020
Net Income
Up$22,361
Up $260,972 (+109%) from 2020
Promoting economic and industrial development in rowan county, north carolina
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $256,504 | $256,783 | ▲ $279 |
| Cash and Non-Interest-Bearing Accounts | $63,864 | $81,534 | ▲ $17,670 |
| Land, Buildings, and Equipment, Net | $19,549 | $20,290 | ▲ $741 |
| Total Assets | $340,059 | $358,607 | ▲ $18,548 |
| Other Assets Total | $142 | - | - |
| Liabilities | |||
| Other Liabilities | $3,813 | - | - |
| Total Liabilities | $3,813 | $0 | ▼ $3,813 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $236,349 | $288,589 | ▲ $52,240 |
| Net Assets With Donor Restrictions | $99,897 | $70,018 | ▼ $29,879 |
| Total Net Assets Fund Balance | $336,246 | $358,607 | ▲ $22,361 |
| Total Liabilities and Net Assets / Fund Balance | $340,059 | $358,607 | ▲ $18,548 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $20,290 | $43,799 | $64,089 |
| Leasehold Improvements | - | $22,000 | $22,000 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Rod Crider | President & | FT | $180,795 | $180,795 |
| Rod Crider | President & CEO | - | $180,795 | $180,795 |
| Name | Title |
|---|---|
| Stephen Kidd | Chairman |
| Bryan Overcash | Vice-chairma |
| Brad Walser | Board Member |
| Denise Hallett | Board Member |
| Greg Edds | Board Member |
| Jake Alexander | Board Member |
| Jason Walser | Board Member |
| Luke Fisher | Board Member |
| Pete Teague | Board Member |
| Skip Wood | Board Member |
| Steve Fisher | Board Member |
| Tammy Whaley | Board Member |
| Teross Young | Board Member |
| Tom Bost | Board Member |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $626,599 |
| Other Expenses | $336,536 |
| Grants and Similar Amounts Paid | $40,000 |
| Professional Fundraising Fees | $13,250 |
| Total Fundraising Expense | $13,250 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $305,689 | - | - | $305,689 |
| Current Officers, Directors, Trustees, and Key Employees | $180,795 | - | - | $180,795 |
| Other Employee Benefits | $54,008 | - | - | $54,008 |
| Pension Plan Contributions | $51,251 | - | - | $51,251 |
| Grants to Domestic Orgs | $40,000 | - | - | $40,000 |
| Fees for Services Other | $36,337 | - | - | $36,337 |
| Advertising | $35,039 | - | - | $35,039 |
| Payroll Taxes | $34,856 | - | - | $34,856 |
| All Other Expenses | $25,335 | - | - | $25,335 |
| Occupancy | $19,860 | - | - | $19,860 |
| Information Technology | $16,274 | - | - | $16,274 |
| Office Expenses | $15,903 | - | - | $15,903 |
| Other Expenses | $13,500 | - | - | $13,500 |
| Fees for Services Professional Fundraising | - | - | $13,250 | $13,250 |
| Fees for Services Accounting | $11,957 | - | - | $11,957 |
| Travel | $7,487 | - | - | $7,487 |
| Depreciation Depletion | $6,971 | - | - | $6,971 |
| Insurance | $3,815 | - | - | $3,815 |
| Conferences and Meetings | $3,795 | - | - | $3,795 |
| Total Functional Expenses | $1,003,135 | $0 | $13,250 | $1,016,385 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,016,385 |
| Total Expenses per Audited Statements | $1,016,385 |
| Total Expenses per Form 990 | $1,016,385 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Chewy | Dania Beach, FL | - | Economic Development | $20,000 |
| Eastern Wholesale Fence LLC | Medford, NY | - | Economic Development | $20,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $13,250 |
“Reviewed by treasurer prior to filing.”
“Appointed by various governmental entities which comprise the members of the organization.”
“Preliminary copy of 990 reviewed by the president/ceo prior to filing”
“Board members sign agreement to disclose any conflict when assume position.”
“Included in annual budget approved by board of directors.”
“Included in annual budget approved by board of directors.”
“ON REQUEST”
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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|---|---|---|
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 15903 |
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| IRS990/OtherExpensesGrp/Desc | 0 | SP BRANDING ROWAN |
| IRS990/OtherExpensesGrp/Desc | 1 | NB REGIONAL & STATE MKT |
| IRS990/OtherExpensesGrp/Desc | 2 | WORKFORCE DEVELOPMENT |
| IRS990/OtherExpensesGrp/Desc | 3 | SP SITE DEVELOPMENT |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 54931 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 44024 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 41308 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 13500 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 54931 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 44024 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 41308 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 13500 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 3813 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 305689 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 305689 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 34856 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 34856 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 51251 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 51251 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | ROD CRIDER |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 872163 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 450 |
| IRS990/PYInvestmentIncomeAmt | 0 | 2338 |
| IRS990/PYOtherExpensesAmt | 0 | 340253 |
| IRS990/PYOtherRevenueAmt | 0 | 10805 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -238611 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 546214 |
| IRS990/PYTotalExpensesAmt | 0 | 1123917 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 237000 |
| IRS990/PYTotalRevenueAmt | 0 | 885306 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 22361 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 256504 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 256783 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | false |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | true |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 20290 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 43799 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 64089 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1016385 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 22000 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 22000 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1038746 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 20290 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1016385 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1038746 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1038746 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1016385 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 20000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 20000 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | CHEWY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | EASTERN WHOLESALE FENCE LLC |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1855 GRIFFIN ROAD |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 266 MIDDLE ISLAN ROAD |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt | 0 | STE B428 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | DANIA BEACH |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | MEDFORD |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | NY |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 33004 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 11763 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | DUKE ENERGY GRANTS RECEIVED THROUGH ITS CAROLINAS INVESTMENT FUND ARE REQUESTED BY THE ORGANIZATION TO ASSIST COMPANIES (WITH LOCAL FACILITES) WITH SITE AND/OR BUILDING IMPROVEMENTS NECESSARY FOR A COMPANY'S EXPANSION OR RELOCATION. THE ORGANIZATION DOES A PHYSICAL INSPECTION TO DETERMINE THAT THE WORK HAS PHYSICALLY BEGUN AND AT THAT TIME REQUESTS THE FUNDS AND SUBSEQUENTLY DISBURSES THEM. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE I, PAGE 1, PART I, LINE 2 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 2 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 180795 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | ROD CRIDER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT & CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 180795 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | REVIEWED BY TREASURER PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | APPOINTED BY VARIOUS GOVERNMENTAL ENTITIES WHICH COMPRISE THE MEMBERS OF THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PRELIMINARY COPY OF 990 REVIEWED BY THE PRESIDENT/CEO PRIOR TO FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOARD MEMBERS SIGN AGREEMENT TO DISCLOSE ANY CONFLICT WHEN ASSUME POSITION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | INCLUDED IN ANNUAL BUDGET APPROVED BY BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | INCLUDED IN ANNUAL BUDGET APPROVED BY BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 340059 |
| IRS990/TotalAssetsEOYAmt | 0 | 358607 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 340059 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 358607 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalContributionsAmt | 0 | 1038467 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 13250 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1003135 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1016385 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.