Civic Intelligence

Wilson Economic Foundation Inc

EIN 56-1549220 • 501(c)6 • Wilson, NC

Profile

Encouraging economic development in wilson county, nc.

P O Box 728Wilson, NC 27894-0728

wilsonedc.com

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

98th percentile

63%

Higher net margin than 98% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

11th percentile

-16%

Faster revenue growth than 11% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Up

$727,509

Up $84,496 (+13%) from 2023

Liabilities

Down

$1,495

Down $669 (-31%) from 2023

Net Assets

Up

$726,014

Up $85,165 (+13%) from 2023

Revenue

Up

$136,254

Up $25,988 (+24%) from 2023

Expenses

Up

$51,089

Up $11,489 (+29%) from 2023

Net Income

Up

$85,165

Up $14,499 (+21%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,227,583Liabilities 2010: $0Net Assets 2010: $1,227,5832010Assets 2011: $1,364,455Liabilities 2011: $0Net Assets 2011: $1,364,4552011Assets 2012: $1,393,440Liabilities 2012: $0Net Assets 2012: $1,393,4402012Assets 2013: $1,351,386Liabilities 2013: $0Net Assets 2013: $1,351,3862013Assets 2014: $923,493Liabilities 2014: $0Net Assets 2014: $923,4932014Assets 2015: $940,591Liabilities 2015: $0Net Assets 2015: $940,5912015Assets 2016: $541,417Liabilities 2016: $0Net Assets 2016: $541,4172016Assets 2017: $522,845Liabilities 2017: $2,374Net Assets 2017: $520,4712017Assets 2018: $460,871Liabilities 2018: $2,161Net Assets 2018: $458,7102018Assets 2019: $489,320Liabilities 2019: $2,161Net Assets 2019: $487,1592019Assets 2020: $344,801Liabilities 2020: $2,119Net Assets 2020: $342,6822020Assets 2021: $447,851Liabilities 2021: $2,164Net Assets 2021: $445,6872021Assets 2022: $572,347Liabilities 2022: $2,164Net Assets 2022: $570,1832022Assets 2023: $643,013Liabilities 2023: $2,164Net Assets 2023: $640,8492023Assets 2024: $727,509Liabilities 2024: $1,495Net Assets 2024: $726,0142024

Highlighted filing

2024

Assets$727,509
Liabilities$1,495
Net Assets$726,014

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $87,3042010Expenses 2011: $42,5452011Expenses 2012: $36,4302012Revenue 2013: $39,987Expenses 2013: $82,041Net Income 2013: -$42,0542013Revenue 2014: $74,144Expenses 2014: $502,037Net Income 2014: -$427,8932014Revenue 2015: $41,388Expenses 2015: $24,290Net Income 2015: $17,0982015Revenue 2016: $4,876Expenses 2016: $404,050Net Income 2016: -$399,1742016Revenue 2017: $4,093Expenses 2017: $25,039Net Income 2017: -$20,9462017Revenue 2018: $84,612Expenses 2018: $146,373Net Income 2018: -$61,7612018Revenue 2019: $153,952Expenses 2019: $125,503Net Income 2019: $28,4492019Revenue 2020: $148,963Expenses 2020: $293,440Net Income 2020: -$144,4772020Revenue 2021: $192,136Expenses 2021: $89,131Net Income 2021: $103,0052021Revenue 2022: $192,783Expenses 2022: $68,287Net Income 2022: $124,4962022Revenue 2023: $110,266Expenses 2023: $39,600Net Income 2023: $70,6662023Revenue 2024: $136,254Expenses 2024: $51,089Net Income 2024: $85,1652024

Highlighted filing

2024

Revenue$136,254
Expenses$51,089
Net Income$85,165

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.14$0.05$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.11$0.04$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.19$0.07$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.19$0.09$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.15$0.29$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.15$0.13$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.08$0.15$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.00$0.03$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.00$0.40$0.40
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.04$0.02$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.07$0.50$0.43
2013Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.04$0.08$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.00$1.36$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.0
Gross Receipts
$136,254
Mission and Program Overview

Mission

Encouraging economic development in wilson county, nc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$500,770$629,754▲ $128,984
Cash and Non-Interest-Bearing Accounts$124,493$68,955▼ $55,538
Pledges and Grants Receivable$17,750$28,800▲ $11,050
Total Assets$643,013$727,509▲ $84,496
Liabilities
Other Liabilities$2,164$1,495▼ $669
Total Liabilities$2,164$1,495▼ $669
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$640,849$726,014▲ $85,165
Total Net Assets Fund Balance$640,849$726,014▲ $85,165
Total Liabilities and Net Assets / Fund Balance$643,013$727,509▲ $84,496
Compensation and Service Providers

Board Members and Trustees

NameTitle
David TurnagePresident
Tim SharpTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$105,300
Program Service Revenue
$0
Investment Income
$28,983
Other Revenue
$1,971
All Other Contributions
$105,300
Change in Net Assets
$85,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$37,152
Other Expenses$13,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,500$17,500-$35,000
Other Expenses-$11,050-$11,050
Payroll Taxes$1,076$1,076-$2,152
Conferences and Meetings$1,971--$1,971
Office Expenses-$716-$716
Fees for Services Accounting-$200-$200
Total Functional Expenses$20,547$30,542$0$51,089
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$1,495
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

The executive director reviews the return prior to submitting it to the current president for signing.

Form 990, Page 6, Part VI, Line 19

Our internally-prepared financial statements and the annual tax return are available for review by any interested citizens at any time during normal business hours.

Filing and Contact Details

Filer

Filer Name
Wilson Economic Foundation Inc
EIN
56-1549220
Phone
2522371115
Address
P O BOX 728, WILSON, NC 27894-0728

Signing Officer

Name
David Turnage
Title
President
Phone
2522371115
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Turnage
Voting Board Members
12
Independent Board Members
12
Employees
1

Preparer

Firm
Anthony Tabb and Creel Pa
Address
2536 WARD BOULEVARD, WILSON, NC 27893-1649
Preparer
John C Anthony Iii CPA
Phone
2522370784
Raw XML Appendix238 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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No mirrored PDF or thumbnail assets are attached yet.