Civic Intelligence

Downtown Development Association of Lincolnton Inc.

990EZ • Fiscal year 2020 • EIN 56-1699362

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 13, 2021

Post Office Box 491Lincolnton, NC 28093

(704) 736-8915

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.11x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-668%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

20th percentile

-20%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-90%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$229,116

Down $55,624 (-20%) from 2019

Net Assets

Down

$228,223

Down $55,355 (-20%) from 2019

Liabilities

Down

$893

Down $269 (-23%) from 2019

Revenue

Down

$8,289

Down $76,900 (-90%) from 2019

Expenses

Down

$63,644

Down $60,845 (-49%) from 2019

Net Income

Down

-$55,355

Down $16,055 (-41%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $171,877Net Assets 2010: $171,8772010Assets 2011: $161,974Liabilities 2011: $0Net Assets 2011: $161,9742011Assets 2012: $179,808Liabilities 2012: $0Net Assets 2012: $179,8082012Assets 2014: $188,692Liabilities 2014: $0Net Assets 2014: $188,6922014Assets 2015: $203,180Liabilities 2015: $0Net Assets 2015: $203,1802015Assets 2016: $222,072Liabilities 2016: $0Net Assets 2016: $222,0722016Assets 2017: $294,738Liabilities 2017: $1,779Net Assets 2017: $292,9592017Assets 2018: $323,537Liabilities 2018: $659Net Assets 2018: $322,8782018Assets 2019: $284,740Liabilities 2019: $1,162Net Assets 2019: $283,5782019Assets 2020: $229,116Liabilities 2020: $893Net Assets 2020: $228,2232020Assets 2021: $215,309Liabilities 2021: $890Net Assets 2021: $214,4192021Assets 2022: $155,331Liabilities 2022: $1,181Net Assets 2022: $154,1502022Assets 2023: $148,214Liabilities 2023: $1,142Net Assets 2023: $147,0722023Assets 2024: $186,050Liabilities 2024: $44,907Net Assets 2024: $141,1432024

Highlighted filing

2020

Assets$229,116
Liabilities$893
Net Assets$228,223

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $15,331Expenses 2010: $9,388Net Income 2010: $5,9432010Expenses 2011: $71,7392011Expenses 2012: $73,3692012Revenue 2014: $93,638Expenses 2014: $84,410Net Income 2014: $9,2282014Revenue 2015: $104,092Expenses 2015: $89,604Net Income 2015: $14,4882015Revenue 2016: $130,334Expenses 2016: $111,442Net Income 2016: $18,8922016Revenue 2017: $212,512Expenses 2017: $141,625Net Income 2017: $70,8872017Revenue 2018: $139,926Expenses 2018: $110,007Net Income 2018: $29,9192018Revenue 2019: $85,189Expenses 2019: $124,489Net Income 2019: -$39,3002019Revenue 2020: $8,289Expenses 2020: $63,644Net Income 2020: -$55,3552020Revenue 2021: $63,569Expenses 2021: $77,373Net Income 2021: -$13,8042021Revenue 2022: $84,005Expenses 2022: $144,274Net Income 2022: -$60,2692022Revenue 2023: $100,219Expenses 2023: $107,297Net Income 2023: -$7,0782023Revenue 2024: $174,930Expenses 2024: $180,859Net Income 2024: -$5,9292024

Highlighted filing

2020

Revenue$8,289
Expenses$63,644
Net Income-$55,355
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 13, 2021
Return Version
2020v4.0
Gross Receipts
$8,289
Mission and Program Overview

Mission

To promote the preservation, protection, and use of lincolnton's traditional downtown area.

Program Services

DescriptionGrantsExpenses
TO PROMOTE THE PRESERVATION, PROTECTION, AND USE OF LINCOLNTON'S TRADITIONAL DOWNTOWN AREA.-$15,252
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BETTY WILKESExecutive DiFT$40,000-$40,000
THOMAS HUSKEYChairPT$0--
WAYNE HOYLETreasurer-$0--
JUDY BOTKINSecretary-$0--
JULIE HORTONDirector-$0--
REBECCA YODERDirector-$0--
MARCY RAUDirector-$0--
ANNA SHIELDSDirector-$0--
BEVERLY MOOREDirector-$0--
BETH ABERNETHYDirector-$0--
JOHN SOMERSVice Chair-$0--
CAROLE HOWELLDirector-$0--
CARLA BALLARDDirector-$0--
WILLIAM PAYNEDirector-$0--
MARIE KENYONDirector-$0--
JANE ROLLINSDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Downtown Development
EIN
56-1699362
Phone
7047368915
Address
POST OFFICE BOX 491, LINCOLNTON, NC 28093

Signing Officer

Name
Thomas Huskey
Title
Chair
Phone
7049009659
Signed
2021-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Sherrill Blake & Harrison CPA Pa
Address
PO BOX 782, LINCOLNTON, NC 28093-0782
Preparer
Cynthia F Sherrill
Phone
7047322234
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expense 183 website expense 789 computer expense 541 insurance 1,498 event expense 5,004 payroll service fees 21 dues 378 merchant service fees 84 non-investment depreciation 484 total 8,982

Form 990-ez, Part II, Line 24

N/r- fbsm, inc. Equity 20,000 20,000 n/r- fbsm, inc. Loan 3,647 2,427 n/r- habibi loan 8,647 8,647 4,383 4,383 less accumulated depreciation 1,745 2,229 total 34,932 33,228

Form 990-ez, Part II, Line 26

Payroll liabilities 1,162 893

Form 990-ez, Part III

To promote the preservation, protection, and use of lincolnton's traditional downtown area.

Raw XML Appendix224 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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CompensationExplanation/CompensationExplanationGrp/PersonNm4JULIE HORTON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt14DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt15DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt034932
IRS990EZ/OtherAssetsTotalDetail/EOYAmt033228
IRS990EZ/OtherExpensesTotalAmt08982
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE THE PRESERVATION, PROTECTION, AND USE OF LINCOLNTON'S TRADITIONAL DOWNTOWN AREA.
IRS990EZ/ProgramServiceRevenueAmt0500
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROMOTE THE PRESERVATION, PROTECTION, AND USE OF LINCOLNTON'S TRADITIONAL DOWNTOWN AREA.
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IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WWW.DOWNTOWNLINCOLNTON.COM/
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 183 WEBSITE EXPENSE 789 COMPUTER EXPENSE 541 INSURANCE 1,498 EVENT EXPENSE 5,004 PAYROLL SERVICE FEES 21 DUES 378 MERCHANT SERVICE FEES 84 NON-INVESTMENT DEPRECIATION 484 TOTAL 8,982
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1N/R- FBSM, INC. EQUITY 20,000 20,000 N/R- FBSM, INC. LOAN 3,647 2,427 N/R- HABIBI LOAN 8,647 8,647 4,383 4,383 LESS ACCUMULATED DEPRECIATION 1,745 2,229 TOTAL 34,932 33,228
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL LIABILITIES 1,162 893
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROMOTE THE PRESERVATION, PROTECTION, AND USE OF LINCOLNTON'S TRADITIONAL DOWNTOWN AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS HUSKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07049009659
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE DOWNTOWN DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION OF LINCOLNTON INC
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0561699362
ReturnHeader/Filer/PhoneNum07047368915
ReturnHeader/Filer/USAddress/AddressLine1Txt0POST OFFICE BOX 491
ReturnHeader/Filer/USAddress/CityNm0LINCOLNTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028093
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273565606
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHERRILL BLAKE & HARRISON CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 782
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINCOLNTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0280930782
ReturnHeader/PreparerPersonGrp/PhoneNum07047322234
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CYNTHIA F SHERRILL
ReturnHeader/ReturnTs02021-11-15T11:23:21-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUCKEY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.86$0.45$1.41$1.75$1.81$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.48$0.01$1.47$1.00$1.07$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.01$1.54$0.84$1.44$0.60
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.01$2.14$0.64$0.77$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.01$2.28$0.08$0.64$0.55
2019Detailed filing. Detailed filing data is available for this year.$2.85$0.01$2.84$0.85$1.24$0.39
2018Detailed filing. Detailed filing data is available for this year.$3.24$0.01$3.23$1.40$1.10$0.30
2017Detailed filing. Detailed filing data is available for this year.$2.95$0.02$2.93$2.13$1.42$0.71
2016Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$1.30$1.11$0.19
2015Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$1.04$0.90$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.94$0.84$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.00$1.80$0.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.00$1.62$0.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$1.72$0.15$0.09$0.06