Civic Intelligence

The Albemarle Foundation Inc

EIN 56-1538739 • 501(c)3 • Tarboro, NC

Profile

To assist the residents of the albemarle life care facility who become unable to pay due to no fault of their own.

PO Box 519Tarboro, NC 27886

n/A

Siviq Scores

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

Liabilities / Assets

39th percentile

0.20x

Higher debt load relative to assets than 39% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

83rd percentile

8.30x

Higher debt load relative to revenue than 83% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Net Margin

96th percentile

91%

Higher net margin than 96% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

NTEE L • $1M-$5M nonprofits • Source year 2025

Asset Growth

82nd percentile

9.9%

Faster asset growth than 82% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

13th percentile

-20%

Faster revenue growth than 13% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,060,272

Up $95,424 (+9.9%) from 2024

Liabilities

Up

$214,403

Up $71,841 (+50%) from 2024

Net Assets

Up

$845,869

Up $23,583 (+2.9%) from 2024

Revenue

Down

$25,833

Down $6,555 (-20%) from 2024

Expenses

Down

$2,250

Down $7,032 (-76%) from 2024

Net Income

Up

$23,583

Up $477 (+2.1%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $207,975Liabilities 2011: $02011Assets 2012: $223,706Liabilities 2012: $02012Assets 2013: $1Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $305,100Liabilities 2014: $0Net Assets 2014: $305,1002014Assets 2015: $1Liabilities 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $13,1672016Assets 2017: $383,397Liabilities 2017: $0Net Assets 2017: $383,3972017Assets 2018: $382,891Liabilities 2018: $0Net Assets 2018: $382,8912018Assets 2019: $493,061Liabilities 2019: $94,440Net Assets 2019: $398,6212019Assets 2020: $562,874Liabilities 2020: $150,982Net Assets 2020: $411,8922020Assets 2021: $748,845Liabilities 2021: $316,791Net Assets 2021: $432,0542021Assets 2022: $654,268Liabilities 2022: $206,196Net Assets 2022: $448,0722022Assets 2023: $805,414Liabilities 2023: $155,895Net Assets 2023: $649,5192023Assets 2024: $964,848Liabilities 2024: $142,562Net Assets 2024: $822,2862024Assets 2025: $1,060,272Liabilities 2025: $214,403Net Assets 2025: $845,8692025

Highlighted filing

2025

Assets$1,060,272
Liabilities$214,403
Net Assets$845,869

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $9,060Expenses 2011: $550Net Income 2011: $8,5102011Revenue 2012: $9,844Expenses 2012: $550Net Income 2012: $9,2942012Revenue 2013: $16,239Expenses 2013: $1,574Net Income 2013: $14,6652013Revenue 2014: $11,266Expenses 2014: $850Net Income 2014: $10,4162014Revenue 2015: $12,501Expenses 2015: $850Net Income 2015: $11,6512015Revenue 2016: $13,167Expenses 2016: $0Net Income 2016: $13,1672016Revenue 2017: $127,610Expenses 2017: $950Net Income 2017: $126,6602017Revenue 2018: $67Expenses 2018: $573Net Income 2018: -$5062018Revenue 2019: $16,214Expenses 2019: $484Net Income 2019: $15,7302019Revenue 2020: $14,571Expenses 2020: $1,300Net Income 2020: $13,2712020Revenue 2021: $20,762Expenses 2021: $600Net Income 2021: $20,1622021Revenue 2022: $17,368Expenses 2022: $1,350Net Income 2022: $16,0182022Revenue 2023: $21,322Expenses 2023: $750Net Income 2023: $20,5722023Revenue 2024: $32,388Expenses 2024: $9,282Net Income 2024: $23,1062024Revenue 2025: $25,833Expenses 2025: $2,250Net Income 2025: $23,5832025

Highlighted filing

2025

Revenue$25,833
Expenses$2,250
Net Income$23,583

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.06$0.21$0.85$0.03$0.00$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.14$0.82$0.03$0.01$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.16$0.65$0.02$0.00$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.65$0.21$0.45$0.02$0.00$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.32$0.43$0.02$0.00$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.15$0.41$0.01$0.00$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.09$0.40$0.02$0.00$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.13$0.00$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00$0.01
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.01$0.00$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.01$0.00$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.02$0.00$0.01
2012Summary only. Only limited summary data is available for this year.$0.22$0.00$0.01$0.00$0.01
2011Summary only. Only limited summary data is available for this year.$0.21$0.00$0.01$0.00$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 25, 2026
Return Version
2025v4.0
Gross Receipts
$25,833
Mission and Program Overview

Mission

To assist the residents of the albemarle life care facility who become unable to pay due to no fault of their own.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$964,848$1,060,272▲ $95,424
Total Assets$964,848$1,060,272▲ $95,424
Liabilities
Deferred Revenue$142,562$214,403▲ $71,841
Total Liabilities$142,562$214,403▲ $71,841
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$822,286$845,869▲ $23,583
Total Net Assets Fund Balance$822,286$845,869▲ $23,583
Total Liabilities and Net Assets / Fund Balance$964,848$1,060,272▲ $95,424
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward Roberson IiiPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$25,833
Other Revenue
$0
Change in Net Assets
$23,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,250
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
Fees for Services Other$2,250--$2,250
Total Functional Expenses$2,250$0$0$2,250
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Albemarle Foundation Inc
EIN
56-1538739
Address
PO BOX 519, TARBORO, NC 27886

Signing Officer

Name
Edward Roberson Iii
Title
President
Signed
2026-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Roberson Iii
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
John a Pollard CPA Pllc
Address
503 TRADE ST, TARBORO, NC 27886
Preparer
Ashley N Plantz
Phone
2528231040
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To assist the residents of the albemarle

Form 990, Part IX, Line 11G

Merrill lynch 150 0 0 professional fees 2,100 0 0 total 2,250 0 0

Raw XML Appendix232 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.

Path#Value
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IRS990/NetAssetsOrFundBalancesBOYAmt0822286
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MERRILL LYNCH 150 0 0 PROFESSIONAL FEES 2,100 0 0 TOTAL 2,250 0 0
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ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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