Civic Intelligence

Comserv Foundation Founded by Wayne Williams

990 • Fiscal year 2018 • EIN 56-1717930

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

PO Box 1080Lenoir, NC 28645

(828) 757-0209

Siviq Scores

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

Liabilities / Assets

70th percentile

0.28x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

2.57x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

46th percentile

0.2%

Faster asset growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

-5.4%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,655,568

Up $2,531 (+0.2%) from 2017

Net Assets

Up

$1,187,085

Up $74,938 (+6.7%) from 2017

Liabilities

Down

$468,483

Down $72,407 (-13%) from 2017

Revenue

Down

$182,166

Down $10,429 (-5.4%) from 2017

Expenses

Down

$98,368

Down $5,862 (-5.6%) from 2017

Net Income

Down

$83,798

Down $4,567 (-5.2%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,771,293Liabilities 2010: $927,421Net Assets 2010: $843,8722010Assets 2011: $1,761,831Liabilities 2011: $921,826Net Assets 2011: $840,0052011Assets 2012: $1,724,529Liabilities 2012: $858,233Net Assets 2012: $866,2962012Assets 2013: $1,701,093Liabilities 2013: $800,979Net Assets 2013: $900,1142013Assets 2014: $1,691,636Liabilities 2014: $740,720Net Assets 2014: $950,9162014Assets 2015: $1,686,267Liabilities 2015: $674,125Net Assets 2015: $1,012,1422015Assets 2016: $1,629,869Liabilities 2016: $604,745Net Assets 2016: $1,025,1242016Assets 2017: $1,653,037Liabilities 2017: $540,890Net Assets 2017: $1,112,1472017Assets 2018: $1,655,568Liabilities 2018: $468,483Net Assets 2018: $1,187,0852018Assets 2019: $1,697,127Liabilities 2019: $414,747Net Assets 2019: $1,282,3802019Assets 2020: $1,651,633Liabilities 2020: $342,270Net Assets 2020: $1,309,3632020Assets 2021: $1,636,932Liabilities 2021: $234,825Net Assets 2021: $1,402,1072021Assets 2022: $1,620,568Liabilities 2022: $153,648Net Assets 2022: $1,466,9202022Assets 2023: $1,793,176Liabilities 2023: $85,174Net Assets 2023: $1,708,0022023Assets 2024: $1,817,820Liabilities 2024: $10,840Net Assets 2024: $1,806,9802024

Highlighted filing

2018

Assets$1,655,568
Liabilities$468,483
Net Assets$1,187,085

Operations Trend

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

$600K$400K$200K$0Expenses 2010: $88,1942010Revenue 2011: $251,799Expenses 2011: $184,099Net Income 2011: $67,7002011Revenue 2012: $201,604Expenses 2012: $179,702Net Income 2012: $21,9022012Expenses 2013: $161,8762013Revenue 2014: $192,984Expenses 2014: $142,185Net Income 2014: $50,7992014Revenue 2015: $192,598Expenses 2015: $129,871Net Income 2015: $62,7272015Revenue 2016: $191,100Expenses 2016: $184,568Net Income 2016: $6,5322016Revenue 2017: $192,595Expenses 2017: $104,230Net Income 2017: $88,3652017Revenue 2018: $182,166Expenses 2018: $98,368Net Income 2018: $83,7982018Revenue 2019: $185,313Expenses 2019: $123,642Net Income 2019: $61,6712019Revenue 2020: $186,833Expenses 2020: $122,617Net Income 2020: $64,2162020Revenue 2021: $182,470Expenses 2021: $143,233Net Income 2021: $39,2372021Revenue 2022: $184,003Expenses 2022: $122,608Net Income 2022: $61,3952022Revenue 2023: $456,524Expenses 2023: $178,427Net Income 2023: $278,0972023Revenue 2024: $187,297Expenses 2024: $131,779Net Income 2024: $55,5182024

Highlighted filing

2018

Revenue$182,166
Expenses$98,368
Net Income$83,798
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$182,166
Mission and Program Overview

Mission

To enhance the lives of handicapped persons through the support and sponsorship of programs designed to promote community integration and living environments. To provide housing, transportation and other services to handicapped individuals in burke, mcdowell and cleveland counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,183,202$1,149,944▼ $33,258
Cash and Non-Interest-Bearing Accounts$302,412$246,102▼ $56,310
Investments Other Securities$149,070$239,446▲ $90,376
Total Assets$1,653,037$1,655,568▲ $2,531
Other Assets Total$18,353$20,076▲ $1,723
Liabilities
Other Liabilities$539,586$467,246▼ $72,340
Accounts Payable and Accrued Expenses$1,304$1,237▼ $67
Total Liabilities$540,890$468,483▼ $72,407
Net Assets / Fund Balance
Unrestricted Net Assets$1,112,147$1,187,085▲ $74,938
Total Net Assets Fund Balance$1,112,147$1,187,085▲ $74,938
Total Liabilities and Net Assets / Fund Balance$1,653,037$1,655,568▲ $2,531

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$882,487$355,143$1,237,630
Land$265,714-$265,714
Equipment$1,743$169,236$170,979
Other Securities$47,900--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patricia WardPresident
Marilyn WilliamsBoard Member
Dawn KelleySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$655
Program Service Revenue
$171,600
Investment Income
$9,911
Other Revenue
$0
All Other Contributions
$655
Change in Net Assets
$83,798

Audited Revenue Reconciliation

Revenue per Audited Statements
$182,166
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$182,166
Total Revenue per Form 990
$182,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,368
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$33,258--$33,258
Interest$20,158--$20,158
Fees for Services Other$17,814--$17,814
Insurance$8,977--$8,977
Fees for Services Accounting$3,950--$3,950
Other Expenses$1,586--$1,586
All Other Expenses$859--$859
Office Expenses$50--$50
Total Functional Expenses$98,368$0$0$98,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$98,368
Total Expenses per Audited Statements$98,368
Total Expenses per Form 990$98,368
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$462,740
Due to Comserv, Inc.$4,506
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Part VI, Section B, Line 11B

The organization has informed its governing body that a copy of the 990 is available for review upon request.

Form 990, Part VI, Section B, Line 12C

The organization regularly monitors and enforces compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request, through state agencies and guidestar.

Filing and Contact Details

Filer

Filer Name
Comserv Foundation
EIN
56-1717930
Phone
8287570209
Address
PO BOX 1080, LENOIR, NC 28645

Signing Officer

Name
Paul Norwood
Title
Executive Director
Phone
8287570209
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Norwood
Formed
1990
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
C Randolph CPA Pllc
Address
219A BEAVER CREEK SCHOOL RD, WEST JEFFERSON, NC 28694
Preparer
Cynthia D Randolph
Phone
3368463211
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted services: program service expenses 17,814. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,814.

Financial Statement Notes

PART X, LINE 2:

Fasb asc 740-10, accounting for uncertainty in income taxes, clarifies the accounting for uncertainty in income tax positions. Based on an evaluation of uncertain tax positions, management is required to measure potential tax liabilities that could have a risk of greater than a 50% likelihood of being realized upon settlement. As of june 30, 2018, management has determined that the organization has no such risk and therefore no liabilities have been recorded for uncertain tax positions. The organization is exempt from federal income taxes under section 501 (c)(3) of the internal revenue code, except on net income derived from unrelated business activites. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions material to the financial statements.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS. BASED ON AN EVALUATION OF UNCERTAIN TAX POSITIONS, MANAGEMENT IS REQUIRED TO MEASURE POTENTIAL TAX LIABILITIES THAT COULD HAVE A RISK OF GREATER THAN A 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. AS OF JUNE 30, 2018, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO SUCH RISK AND THEREFORE NO LIABILITIES HAVE BEEN RECORDED FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0239446
IRS990ScheduleD/TotalExpensesPerForm990Amt098368
IRS990ScheduleD/TotalLiabilityAmt0467246
IRS990ScheduleD/TotalRevenuePerForm990Amt0182166
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0182166
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt098368
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS INFORMED ITS GOVERNING BODY THAT A COPY OF THE 990 IS AVAILABLE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, THROUGH STATE AGENCIES AND GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 17,814. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,814.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1POBOX 1080
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1LENOIR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028645
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd128645
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt018380
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1163200
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt24506
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2COMSERV INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01653037
IRS990/TotalAssetsEOYAmt01655568
IRS990/TotalAssetsGrp/BOYAmt01653037
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt098368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0540890
IRS990/TotalLiabilitiesEOYAmt0468483
IRS990/TotalLiabilitiesGrp/BOYAmt0540890
IRS990/TotalLiabilitiesGrp/EOYAmt0468483
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01112147
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01187085
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt0171600
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08111
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0173400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0182166
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01653037
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01655568
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01112147
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01187085
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1080
IRS990/USAddress/CityNm0LENOIR
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028645
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.COMSERV.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL NORWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08287570209
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMSERV FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDED BY WAYNE WILLIAMS
ReturnHeader/Filer/BusinessNameControlTxt0COMS
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ReturnHeader/Filer/PhoneNum08287570209
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.132.179.89

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.$1.82$0.01$1.81$0.19$0.13$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.79$0.09$1.71$0.46$0.18$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.62$0.15$1.47$0.18$0.12$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.64$0.23$1.40$0.18$0.14$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.34$1.31$0.19$0.12$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.70$0.41$1.28$0.19$0.12$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.66$0.47$1.19$0.18$0.10$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.54$1.11$0.19$0.10$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.60$1.03$0.19$0.18$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.69$0.67$1.01$0.19$0.13$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.74$0.95$0.19$0.14$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.80$0.90$0.16
2012Summary only. Only limited summary data is available for this year.$1.72$0.86$0.87$0.20$0.18$0.02
2011Summary only. Only limited summary data is available for this year.$1.76$0.92$0.84$0.25$0.18$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.93$0.84$0.09