Civic Intelligence

Elizabeth City Downtown a Revital

990 • Fiscal year 2014 • EIN 56-1621231

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 06, 2014

106 South Water Street27909

(252) 338-4104

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.10x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • NTEE A80 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.14x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • NTEE A80 • <$500k nonprofits • Source year 2014

Net Margin

61st percentile

17%

Higher net margin than 61% of similar nonprofits.

2014 filings • NTEE A80 • <$500k nonprofits • Source year 2014

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2014 filings • NTEE A80 • <$500k nonprofits • Source year 2014

Asset Growth

65th percentile

14%

Faster asset growth than 65% of similar nonprofits.

2014 filings • NTEE A80 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

63rd percentile

20%

Faster revenue growth than 63% of similar nonprofits.

2014 filings • NTEE A80 • <$500k nonprofits • Annualized from 2012 to 2014

Assets

Up

$135,842

Up $16,179 (+14%) from 2013

Net Assets

Up

$122,090

Up $16,612 (+16%) from 2013

Liabilities

Down

$13,752

Down $433 (-3.1%) from 2013

Revenue

$95,140

No earlier filing loaded for comparison.

Expenses

Up

$78,528

Up $8,932 (+13%) from 2013

Net Income

$16,612

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.

$1.0M$500K$0Assets 2012: $112,219Liabilities 2012: $19,000Net Assets 2012: $93,2192012Assets 2013: $119,663Liabilities 2013: $14,185Net Assets 2013: $105,4782013Assets 2014: $135,842Liabilities 2014: $13,752Net Assets 2014: $122,0902014Assets 2015: $163,906Liabilities 2015: $0Net Assets 2015: $163,9062015Assets 2016: $171,957Liabilities 2016: $17,0632016Assets 2017: $227,779Liabilities 2017: $20,982Net Assets 2017: $206,7972017Assets 2018: $234,573Liabilities 2018: $23,014Net Assets 2018: $211,5592018Assets 2019: $257,039Liabilities 2019: $23,424Net Assets 2019: $233,6152019Assets 2020: $249,492Liabilities 2020: $40,331Net Assets 2020: $209,1612020Assets 2021: $419,469Liabilities 2021: $10,825Net Assets 2021: $408,6442021Assets 2022: $498,445Liabilities 2022: $21,206Net Assets 2022: $477,2392022Assets 2023: $602,691Liabilities 2023: $59,217Net Assets 2023: $543,4742023Assets 2024: $825,178Liabilities 2024: $60,732Net Assets 2024: $764,4462024Assets 2025: $790,945Liabilities 2025: $746Net Assets 2025: $790,1992025

Highlighted filing

2014

Assets$135,842
Liabilities$13,752
Net Assets$122,090

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2012: $66,033Expenses 2012: $82,861Net Income 2012: -$16,8282012Expenses 2013: $69,5962013Revenue 2014: $95,140Expenses 2014: $78,528Net Income 2014: $16,6122014Revenue 2015: $120,286Expenses 2015: $78,470Net Income 2015: $41,8162015Revenue 2016: $78,848Expenses 2016: $78,157Net Income 2016: $6912016Revenue 2017: $121,691Expenses 2017: $69,788Net Income 2017: $51,9032017Revenue 2018: $109,756Expenses 2018: $105,094Net Income 2018: $4,6622018Revenue 2019: $125,382Expenses 2019: $103,326Net Income 2019: $22,0562019Revenue 2020: $167,740Expenses 2020: $192,194Net Income 2020: -$24,4542020Revenue 2021: $269,542Expenses 2021: $70,059Net Income 2021: $199,4832021Revenue 2022: $253,055Expenses 2022: $184,460Net Income 2022: $68,5952022Revenue 2023: $156,487Expenses 2023: $90,252Net Income 2023: $66,2352023Revenue 2024: $393,878Expenses 2024: $172,906Net Income 2024: $220,9722024Revenue 2025: $373,597Expenses 2025: $347,844Net Income 2025: $25,7532025

Highlighted filing

2014

Revenue$95,140
Expenses$78,528
Net Income$16,612
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 6, 2014
Return Version
2013v3.1
Gross Receipts
$178,272
Mission and Program Overview

Mission

To serve the entire community by acting as a catalyst for the revitalization of downtown Elizabeth City and the waterfront while preserving its historical and architectural character.

To serve the entire community by acting as a catalyst for the revitalization of downtown elizabeth city and the waterfront, while preserving its historical and architectural character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$98,433$112,849▲ $14,416
Savings and Temporary Cash Investments$15,680$15,757▲ $77
Land, Buildings, and Equipment, Net$5,550$7,236▲ $1,686
Total Assets$119,663$135,842▲ $16,179
Liabilities
Accounts Payable and Accrued Expenses$14,185$13,752▼ $433
Total Liabilities$14,185$13,752▼ $433
Net Assets / Fund Balance
Temporarily Rstr Net Assets$52,972$78,697▲ $25,725
Unrestricted Net Assets$52,506$43,393▼ $9,113
Total Net Assets Fund Balance$105,478$122,090▲ $16,612
Total Liabilities and Net Assets / Fund Balance$119,663$135,842▲ $16,179

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,236$4,135$11,371
Compensation and Service Providers

Board Members and Trustees

NameTitle
Vidal FalconChairman
Billy CaudleVice Chairma
BREN O'SULLIVANDirector
Byron HickmanDirector
Cindy WilliamsDirector
Dan SmithDirector
Jeff DixonDirector
Margene CurticeDirector
Ralph DuncanDirector
Ray DonnellyDirector
Steve AtkinsonDirector
Letitia EvansSecretary
James FurstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$69,271
Program Service Revenue
$0
Investment Income
$77
Other Revenue
$25,792
All Other Contributions
$8,004
Change in Net Assets
$16,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,528
Total Fundraising Expense$3,943
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$54,135--$54,135
All Other Expenses$3,551$169-$3,720
Other Expenses$1,779-$3,943$1,779
Insurance-$1,734-$1,734
Office Expenses$1,206--$1,206
Depreciation Depletion$1,081--$1,081
Fees for Services Accounting-$1,050-$1,050
Occupancy$756--$756
Advertising$212--$212
Information Technology$90--$90
Total Functional Expenses$71,632$2,953$3,943$78,528
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,924
Fundraising Direct Expenses$83,132
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$117,391$108,924$68,251$40,673
Total Events$117,391$108,924$83,132$25,792
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 form 990 was reviewed by the executive committee.

Form 990, Page 6, Part VI, Line 12C

New board members are required to disclose potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
56-1621231
Phone
2523384104

Signing Officer

Name
James Furst
Title
Board Treasurer
Phone
2523384104
Signed
2014-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vidal Falcon
Formed
1988
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
250

Preparer

Preparer
Donna Hollowell Winborne
Phone
2523388021
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IRS990/ProgSrvcAccomActy2Grp/Desc0ECDI OFFERS MATCHING FAADE GRANTS TO DOWNTOWN BUSINESS AND/OR PROPERTY OWNERS WHO WANT TO IMPROVE AND REHABILITATE THE FACADES OF THEIR HISTORIC BUILDINGS. OUR MOST RECENT GRANT AWARDS WERE FOR NEW AWNINGS ON DOWNTOWN BUILDINGS WHERE THEY HAD PREVIOUSLY BEEN DAMAGED OR DESTROYED.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE SUMMER MARINER'S WHARF FILM FESTIVAL THAT TAKES PLACE EVERY TUESDAY NIGHT IN JUNE AND JULY HAS ALSO CONTINUED TO BRING APPROX. 200 PEOPLE TO OUR BEAUTIFUL DOWNTOWN MARINER'S WHARF PARK. THE CLASSIC FILMS SHOWN OUTDOORS FOR FREE HAVE BEEN A LARGE DRAW FOR RESIDENTS AND VISITORS OF ALL AGES, AND MANY ATTENDEES PURCHASE THEIR DINNER AT LOCAL DOWNTOWN RESTAURANTS BEFORE THE SHOW STARTS.
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc1SUPPLEMENTAL INFORMATION
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt031338
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt027950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt043561
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0181944
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0275
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt077
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0108924
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt082472
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt082661
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt090017
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt055961
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0420035
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44040
IRS990ScheduleA/PublicSupportPY170Pct00.48510
IRS990ScheduleA/PublicSupportTotal170Amt0330722
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt030300
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt031572
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt033081
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt025269
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt028556
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0148778
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt069271
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt062910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt061031
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt068830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt068680
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0330722
IRS990ScheduleA/TotalSupportAmt0751032
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt07236
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04135
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011371
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07236
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt08467
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt08467
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt083132
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt010000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt04881
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04881
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0117391
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0108924
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0108924
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0NC POTATO FESTI
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt025792
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt068251
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt068251
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt052972
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt078697
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0119663
IRS990/TotalAssetsEOYAmt0135842
IRS990/TotalAssetsGrp/BOYAmt0119663
IRS990/TotalAssetsGrp/EOYAmt0135842
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt069271
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03943
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02953
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt071632
IRS990/TotalFunctionalExpensesGrp/TotalAmt078528
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014185
IRS990/TotalLiabilitiesEOYAmt013752
IRS990/TotalLiabilitiesGrp/BOYAmt014185
IRS990/TotalLiabilitiesGrp/EOYAmt013752
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0105478
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0122090
IRS990/TotalProgramServiceExpensesAmt071632
IRS990/TotalRevenueGrp/ExclusionAmt025792
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt077
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095140
IRS990/TotalVolunteersCnt0250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0119663
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0135842
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt052506
IRS990/UnrestrictedNetAssetsGrp/EOYAmt043393
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10106 SOUTH WATER STREET
IRS990/USAddress/City0ELIZABETH CITY
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode027909
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.ECDOWNTOWN.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES FURST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02523384104
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10ELIZABETH CITY DOWNTOWN
ReturnHeader/Filer/BusinessName/BusinessNameLine20A REVITALIZATION CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ELIZ
ReturnHeader/Filer/EIN0561621231
ReturnHeader/Filer/PhoneNum02523384104
ReturnHeader/Filer/USAddress/AddressLine10106 SOUTH WATER STREET
ReturnHeader/Filer/USAddress/City0ELIZABETH CITY
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode027909
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541430243
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10DOUGLAS A HOLLOWELL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10POBOX 1387
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0ELIZABETH CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.91$0.01$7.90$3.74$3.48$0.26
2024Detailed filing. Detailed filing data is available for this year.$8.25$0.61$7.64$3.94$1.73$2.21
2023Detailed filing. Detailed filing data is available for this year.$6.03$0.59$5.43$1.56$0.90$0.66
2022Detailed filing. Detailed filing data is available for this year.$4.98$0.21$4.77$2.53$1.84$0.69
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$0.11$4.09$2.70$0.70$1.99
2020Detailed filing. Detailed filing data is available for this year.$2.49$0.40$2.09$1.68$1.92$0.24
2019Summary only. Only limited summary data is available for this year.$2.57$0.23$2.34$1.25$1.03$0.22
2018Summary only. Only limited summary data is available for this year.$2.35$0.23$2.12$1.10$1.05$0.05
2017Summary only. Only limited summary data is available for this year.$2.28$0.21$2.07$1.22$0.70$0.52
2016Summary only. Only limited summary data is available for this year.$1.72$0.17$0.79$0.78$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$1.20$0.78$0.42
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.14$1.22$0.95$0.79$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.14$1.05$0.70
2012Summary only. Only limited summary data is available for this year.$1.12$0.19$0.93$0.66$0.83$0.17