Civic Intelligence

Wallace 100 Committee Inc

990 • Fiscal year 2013 • EIN 56-1494159

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 15, 2014

PO Box 214Wallace, NC 28466

(910) 285-4044

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

2013 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

100th percentile

110%

Higher net margin than 100% of similar nonprofits.

2013 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

2013 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2013

Asset Growth

1st percentile

-96%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Annualized from 2011 to 2013

Assets

Down

$28,583

Down $732,051 (-96%) from 2012

Net Assets

Down

$28,583

Down $135,149 (-83%) from 2012

Liabilities

Down

$0

Down $596,902 (-100%) from 2012

Revenue

-$133,507

No earlier filing loaded for comparison.

Expenses

Down

$12,719

Down $9,735 (-43%) from 2012

Net Income

-$146,226

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2013

Assets$28,583
Liabilities$0
Net Assets$28,583

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue-$133,507
Expenses$12,719
Net Income-$146,226
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 15, 2014
Return Version
2013v3.1
Gross Receipts
$627,287
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$625,795--
Cash and Non-Interest-Bearing Accounts$134,839$28,583▼ $106,256
Rtn Earn Endowment Incm Other Fnds$163,732$28,583▼ $135,149
Total Assets$760,634$28,583▼ $732,051
Liabilities
Mortgage Notes Payable Secured by Investment Property$531,902--
Unsecured Notes Loans Payable$65,000--
Total Liabilities$596,902$0▼ $596,902
Net Assets / Fund Balance
Total Net Assets Fund Balance$163,732$28,583▼ $135,149
Total Liabilities and Net Assets / Fund Balance$760,634$28,583▼ $732,051
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$22,166
Program Service Revenue
$0
Investment Income
$-155,673
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-146,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,719
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
Interest$6,371--$6,371
Fees for Services Legal-$1,560-$1,560
Other Expenses$900$2,147-$900
Advertising$500--$500
Occupancy-$146-$146
All Other Expenses-$93-$93
Total Functional Expenses$8,773$3,946$0$12,719
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

EIN
56-1494159
Phone
9102854044

Signing Officer

Name
Clay Blue
Title
Treasurer
Phone
9102854044
Signed
2014-04-15
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

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

Form 990, Part IX, Line 24F

POSTAGE 93. 93.

Raw XML Appendix275 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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