Liabilities / Assets
29th percentile
Higher debt load relative to assets than 29% of similar nonprofits.
EIN 56-1549220 • 501(c)6 • Wilson, NC
Profile
Encouraging economic development in wilson county, nc.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
29th percentile
Higher debt load relative to assets than 29% of similar nonprofits.
Liabilities / Revenue
38th percentile
Higher debt load relative to revenue than 38% of similar nonprofits.
Net Margin
98th percentile
Higher net margin than 98% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
72nd percentile
Faster asset growth than 72% of similar nonprofits.
Revenue Growth
11th percentile
Faster revenue growth than 11% of similar nonprofits.
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
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Encouraging economic development in wilson county, nc.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Name | Title |
|---|---|
| David Turnage | President |
| Tim Sharp | Treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Payroll Taxes Payable | $1,495 |
“The executive director reviews the return prior to submitting it to the current president for signing.”
“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.”
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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| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 12 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 28983 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 726014 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 640849 |
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| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OfficerMailingAddressInd | 0 | false |
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| IRS990/OtherExpensesGrp/TotalAmt | 0 | 11050 |
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| IRS990/PartialLiquidationInd | 0 | false |
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| IRS990/PoliticalCampaignActyInd | 0 | false |
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| IRS990/ReconcilationRevenueExpnssAmt | 0 | 85165 |
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| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsGrp/BOYAmt | 0 | 643013 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 727509 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 105300 |
| IRS990/TotalEmployeeCnt | 0 | 1 |
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| IRS990/VotingMembersGoverningBodyCnt | 0 | 12 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-14 |
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| ReturnHeader/ReturnTs | 0 | 2025-11-05T14:24:10-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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