Civic Intelligence

Wallace 100 Committee Inc

EIN 56-1494159 • 501(c)6 • Wallace, NC

Profile

ECONOMIC DEVELOPMENT

PO Box 214Wallace, NC 28466

n/A

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

89th percentile

38%

Faster asset growth than 89% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$39,379

Up $10,796 (+38%) from 2013

Liabilities

Flat

$0

Flat from 2013

Net Assets

Up

$39,379

Up $10,796 (+38%) from 2013

Operations
Liabilities / Revenue51st percentileNet Margin99th percentile

Revenue

Up

$11,010

Up $144,517 (+108%) from 2013

Expenses

Down

$214

Down $12,505 (-98%) from 2013

Net Income

Up

$10,796

Up $157,022 (+107%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

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

$800K$600K$400K$200K$0Assets 2011: $740,101Liabilities 2011: $594,600Net Assets 2011: $145,5012011Assets 2012: $760,634Liabilities 2012: $596,902Net Assets 2012: $163,7322012Assets 2013: $28,583Liabilities 2013: $0Net Assets 2013: $28,5832013Assets 2014: $39,379Liabilities 2014: $0Net Assets 2014: $39,3792014

Highlighted filing

2014

Assets$39,379
Liabilities$0
Net Assets$39,379
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$50K$0-$50K-$100K-$150KRevenue 2011: $31,455Expenses 2011: $38,128Net Income 2011: -$6,6732011Expenses 2012: $22,4542012Revenue 2013: -$133,507Expenses 2013: $12,719Net Income 2013: -$146,2262013Revenue 2014: $11,010Expenses 2014: $214Net Income 2014: $10,7962014

Highlighted filing

2014

Revenue$11,010
Expenses$214
Net Income$10,796
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,379
Liabilities
$0
Net assets
$39,379
Revenue
$11,010
Expenses
$214
Net income
$10,796
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.11$0.00$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$1.34$0.13$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.61$5.97$1.64$0.22
2011Summary only. Only limited summary data is available for this year.$7.40$5.95$1.46$0.31$0.38$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$11,010
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,583$39,379▲ $10,796
Rtn Earn Endowment Incm Other Fnds$28,583$39,379▲ $10,796
Total Assets$28,583$39,379▲ $10,796
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,583$39,379▲ $10,796
Total Liabilities and Net Assets / Fund Balance$28,583$39,379▲ $10,796
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Chuck FarriorPres
Wanda CanadySec
Clay BlueTreas
Ken WilsonVP
Revenue and Support

Revenue Composition

Contributions and Grants
$11,000
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$0
Change in Net Assets
$10,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$146-$146
Other Expenses-$68-$68
Total Functional Expenses$0$214$0$214
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
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Wallace 100 Committee Inc
EIN
56-1494159
Phone
9102854044
Address
PO BOX 214, WALLACE, NC 28466

Signing Officer

Name
Clay Blue
Title
Treasurer
Phone
9102854044
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wade Farrior
Formed
1980
Legal Domicile
Nc
Voting Board Members
45
Independent Board Members
45
Employees
0
Volunteers
0

Preparer

Firm
Ross H Powell PA
Address
PO Box 636, Rose Hill, NC 28458
Preparer
Ross H Powell
Phone
9102893425
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Organization is incorporated”

Pt VI, Line 7A

“Stockholders periodically change officers”

Pt VI, Line 11B

“Copies given to officers/info verified prior to filing”

Raw XML Appendix234 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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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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