Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
990 • Fiscal year 2017 • EIN 56-1572573
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
11th percentile
Higher top officer pay than 11% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
22nd percentile
Faster asset growth than 22% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Assets
Down$8,256,199
Down $128,932 (-1.5%) from 2016
Net Assets
Down$2,586,747
Down $183,554 (-6.6%) from 2016
Liabilities
Up$5,669,452
Up $54,622 (+1.0%) from 2016
Revenue
Down$3,415
Down $280,665 (-99%) from 2016
Expenses
Up$186,969
Up $23,378 (+14%) from 2016
Net Income
Down-$183,554
Down $304,043 (-252%) from 2016
To render aid and encouragement in the industrial and economic development of southern iredell county, nc
Economic Development
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Inventories for Sale or Use | $7,832,128 | $7,885,301 | ▲ $53,173 |
| Savings and Temporary Cash Investments | $553,003 | $370,898 | ▼ $182,105 |
| Total Assets | $8,385,131 | $8,256,199 | ▼ $128,932 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $5,612,870 | $5,669,452 | ▲ $56,582 |
| Accounts Payable and Accrued Expenses | $1,960 | $0 | ▼ $1,960 |
| Total Liabilities | $5,614,830 | $5,669,452 | ▲ $54,622 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $2,770,301 | $2,586,747 | ▼ $183,554 |
| Total Net Assets Fund Balance | $2,770,301 | $2,586,747 | ▼ $183,554 |
| Total Liabilities and Net Assets / Fund Balance | $8,385,131 | $8,256,199 | ▼ $128,932 |
| Name | Title |
|---|---|
| Mark Brady | President |
| Abigail Jennings | Vice President |
| Jeff McNeely | Board Member |
| Jim Marshall | Board Member |
| Kevin Donaldson | Board Member |
| Miles Atkins | Board Member |
| Ron Smith | Board Member |
| Russ Rogerson | Board Member |
| Ryan Rase | Board Member |
| Tim Brewer | Board Member |
| Viki M West | Board Member |
| Dan Brewer | Secretary |
| Steve McGlothlin | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $186,969 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Legal | $9,650 | $1,072 | - | $10,722 |
| Other Expenses | $8,404 | $0 | - | $8,404 |
| Fees for Services Accounting | $7,020 | $780 | - | $7,800 |
| Insurance | $4,121 | $458 | - | $4,579 |
| All Other Expenses | $705 | $2,376 | - | $3,081 |
| Office Expenses | $463 | - | - | $463 |
| Total Functional Expenses | $152,283 | $34,686 | $0 | $186,969 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $186,969 |
| Total Expenses per Audited Statements | $186,969 |
| Total Expenses per Form 990 | $186,969 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| - | Performance of Administrative Services | The South Iredell Community Development Corporation shares common board members with the Mooresville-South Iredell Economic Development Corporation, with which SICDC transacts to have administrative services performed at a cost of $5,000 per month. The agreement may be terminated by either party after a 90 day written notice. | No | $60,000 |
“The draft of form 990 is reviewed by the organizations chairman and treasurer prior to filing”
“The organization follows its bylaws and financial policies on a regular basis”
“The organization does not have any employees and does not compensate its board members; however, it does contract with another organization for its administrative work which is reviewed annually.”
“Documents of the organization including the bylaws, conflict of interest policy, financial statements and financial policy are available upon request at the office located at 151 e. Iredell avenue, mooresville, nc.”
“There have been no changes with regard to neither the annual audit oversight process nor the independent accountant selection process.”
“The Corporation has adopted the accounting requirements associated with uncertain tax positions and has evaluated its tax positions taken for all open tax years. Currently, the 2015, 2016 and 2017 tax years are open and subject to examination by the Internal Revenue Service and North Carolina Department of Revenue. However, the Corporation is not currently under audit nor has the Corporation been contacted by any of these jurisdictions. As of December 31, 2017, the Corporation had no uncertain tax positions, including non-member unrelated business income that qualify for either recognition or disclosure in the financial statements. Additionally, the Corporation has no interest and penalties related to income taxes.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1960 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | Economic Development |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2376 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 705 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 3081 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Steve McGlothlin Treasurer |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7046646922 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 151 E Iredell Ave |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Mooresville |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28115 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 1 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 3415 |
| IRS990/CYOtherExpensesAmt | 0 | 186969 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -183554 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 186969 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 3415 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | DEVELOPING AND PROMOTING BUSINESS AND INDUSTRIAL SITES AS A MEANS OF ATTRACTING NEW INDUSTRY AND FACILITATING GROWTH OF EXISTING BUSINESSES IN THE MOORESVILLE, NC AREA. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 152283 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 780 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 7020 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 7800 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1072 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 9650 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 10722 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Mark Brady |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Abigail Jennings |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Steve McGlothlin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Dan Brewer |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Miles Atkins |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Tim Brewer |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Ron Smith |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Jeff McNeely |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Ryan Rase |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Jim Marshall |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Russ Rogerson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Tim Brewer |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Viki M West |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Kevin Donaldson |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Board Member |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1984 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 932 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 14 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 4500 |
| IRS990/GrossReceiptsAmt | 0 | 6983 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 14 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 458 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 4121 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4579 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 7832128 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 7885301 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2483 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2483 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 3568 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO RENDER AID AND ENCOURAGEMENT IN THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF SOUTHERN IREDELL COUNTY, NC |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2770301 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2586747 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 932 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 932 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 463 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 463 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Property Taxes |
| IRS990/OtherExpensesGrp/Desc | 1 | Administrative Fees to |
| IRS990/OtherExpensesGrp/Desc | 2 | General Park Maintenanc |
| IRS990/OtherExpensesGrp/Desc | 3 | Economic Development Ex |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 30000 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 79836 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 30000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 12084 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 8404 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 79836 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 60000 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 12084 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 8404 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Steve McGlothlin |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 284080 |
| IRS990/PYOtherExpensesAmt | 0 | 163591 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 120489 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 163591 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 284080 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -183554 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 553003 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 370898 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 186969 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3415 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | The Corporation has adopted the accounting requirements associated with uncertain tax positions and has evaluated its tax positions taken for all open tax years. Currently, the 2015, 2016 and 2017 tax years are open and subject to examination by the Internal Revenue Service and North Carolina Department of Revenue. However, the Corporation is not currently under audit nor has the Corporation been contacted by any of these jurisdictions. As of December 31, 2017, the Corporation had no uncertain tax positions, including non-member unrelated business income that qualify for either recognition or disclosure in the financial statements. Additionally, the Corporation has no interest and penalties related to income taxes. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X, Line 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 186969 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3415 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3415 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 186969 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt | 0 | Mooresville-South Iredell Economic Development Corporation |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | Performance of Administrative Services |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 60000 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | The South Iredell Community Development Corporation shares common board members with the Mooresville-South Iredell Economic Development Corporation, with which SICDC transacts to have administrative services performed at a cost of $5,000 per month. The agreement may be terminated by either party after a 90 day written notice. |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE DRAFT OF FORM 990 IS REVIEWED BY THE ORGANIZATIONS CHAIRMAN AND TREASURER PRIOR TO FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION FOLLOWS ITS BYLAWS AND FINANCIAL POLICIES ON A REGULAR BASIS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES AND DOES NOT COMPENSATE ITS BOARD MEMBERS; HOWEVER, IT DOES CONTRACT WITH ANOTHER ORGANIZATION FOR ITS ADMINISTRATIVE WORK WHICH IS REVIEWED ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DOCUMENTS OF THE ORGANIZATION INCLUDING THE BYLAWS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FINANCIAL POLICY ARE AVAILABLE UPON REQUEST AT THE OFFICE LOCATED AT 151 E. IREDELL AVENUE, MOORESVILLE, NC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | There have been no changes with regard to neither the annual audit oversight process nor the independent accountant selection process. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part XII, Line 2C |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 8385131 |
| IRS990/TotalAssetsEOYAmt | 0 | 8256199 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 8385131 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 8256199 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 34686 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 152283 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 186969 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 5614830 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 5669452 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 5614830 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 5669452 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2770301 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2586747 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 152283 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 2483 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 932 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3415 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 8385131 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 8256199 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 2770301 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 2586747 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 5612870 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 5669452 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 151 E Iredell Ave |
| IRS990/USAddress/CityNm | 0 | Mooresville |
| IRS990/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/USAddress/ZIPCd | 0 | 28115 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 14 |
| IRS990/VotingMembersIndependentCnt | 0 | 14 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Steve McGlothlin |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7046589261 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-08-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SOUTH IREDELL COMMUNITY DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SOUT |
| ReturnHeader/Filer/EIN | 0 | 561572573 |
| ReturnHeader/Filer/PhoneNum | 0 | 7046623146 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 500 SOUTH MAIN STREET SUITE 449 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MOORESVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28115 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 5C511D7D7579B682110178C91BC4B237A7A01607 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 5C511D7D7579B682110178C91BC4B237A7A01607 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 70.60.199.245 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-08-09 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 12:01:39 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561220683 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Potter & Company PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 106 Welton Way |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Mooresville |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 28117 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7046623146 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Robert W Taylor CPA |
| ReturnHeader/ReturnTs | 0 | 2018-08-28T10:55:19-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.