Civic Intelligence

Greensboro Community Development Fund

990 • Fiscal year 2019 • EIN 56-1872877

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 07, 2020

1451 S Elm-eugene St Suite 2121Greensboro, NC 27406

(336) 275-8675

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.04x

Higher debt load relative to revenue than 22% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$90,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Asset Growth

87th percentile

41%

Faster asset growth than 87% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

55%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,096,941

Up $316,885 (+41%) from 2018

Net Assets

Up

$1,070,760

Up $291,905 (+37%) from 2018

Liabilities

Up

$26,181

Up $24,980 (+2080%) from 2018

Revenue

Up

$736,835

Up $262,164 (+55%) from 2018

Expenses

Up

$474,930

Up $188,310 (+66%) from 2018

Net Income

Up

$261,905

Up $73,854 (+39%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $292,577Liabilities 2012: $65,838Net Assets 2012: $226,7392012Assets 2013: $247,959Liabilities 2013: $67,048Net Assets 2013: $180,9112013Assets 2014: $369,728Liabilities 2014: $68,594Net Assets 2014: $301,1342014Assets 2015: $486,609Liabilities 2015: $67,796Net Assets 2015: $418,8132015Assets 2016: $573,966Liabilities 2016: $45,770Net Assets 2016: $528,1962016Assets 2017: $639,529Liabilities 2017: $48,725Net Assets 2017: $590,8042017Assets 2018: $780,056Liabilities 2018: $1,201Net Assets 2018: $778,8552018Assets 2019: $1,096,941Liabilities 2019: $26,181Net Assets 2019: $1,070,7602019Assets 2020: $2,859,898Liabilities 2020: $1,115,397Net Assets 2020: $1,744,5012020Assets 2021: $3,626,382Liabilities 2021: $860,732Net Assets 2021: $2,765,6502021Assets 2022: $5,820,535Liabilities 2022: $710,417Net Assets 2022: $5,110,1182022Assets 2023: $4,469,257Liabilities 2023: $263,828Net Assets 2023: $4,205,4292023Assets 2024: $2,776,686Liabilities 2024: $450,557Net Assets 2024: $2,326,1292024

Highlighted filing

2019

Assets$1,096,941
Liabilities$26,181
Net Assets$1,070,760

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $230,919Expenses 2012: $32,872Net Income 2012: $198,0472012Revenue 2013: $78,157Expenses 2013: $123,985Net Income 2013: -$45,8282013Revenue 2014: $224,696Expenses 2014: $104,473Net Income 2014: $120,2232014Revenue 2015: $212,373Expenses 2015: $94,694Net Income 2015: $117,6792015Revenue 2016: $219,544Expenses 2016: $110,161Net Income 2016: $109,3832016Revenue 2017: $287,482Expenses 2017: $224,874Net Income 2017: $62,6082017Revenue 2018: $474,671Expenses 2018: $286,620Net Income 2018: $188,0512018Revenue 2019: $736,835Expenses 2019: $474,930Net Income 2019: $261,9052019Revenue 2020: $1,376,415Expenses 2020: $700,275Net Income 2020: $676,1402020Revenue 2021: $1,839,047Expenses 2021: $757,997Net Income 2021: $1,081,0502021Revenue 2022: $3,154,236Expenses 2022: $759,769Net Income 2022: $2,394,4672022Revenue 2023: $2,396,117Expenses 2023: $784,881Net Income 2023: $1,611,2362023Revenue 2024: $446,116Expenses 2024: $1,042,664Net Income 2024: -$596,5482024

Highlighted filing

2019

Revenue$736,835
Expenses$474,930
Net Income$261,905
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 7, 2020
Return Version
2019v5.1
Gross Receipts
$743,141
Mission and Program Overview

Mission

To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved businesses

To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$491,140$582,929▲ $91,789
Pledges and Grants Receivable-$235,250-
Other Notes and Loans Receivable, Net$255,548$222,646▼ $32,902
Accounts Receivable$3,895$22,716▲ $18,821
Savings and Temporary Cash Investments$19,148$19,162▲ $14
Land, Buildings, and Equipment, Net$3,843$7,483▲ $3,640
Prepaid Expenses and Deferred Charges$6,086$6,359▲ $273
Total Assets$780,056$1,096,941▲ $316,885
Other Assets Total$396$396→ $0
Liabilities
Unsecured Notes Loans Payable-$23,993-
Accounts Payable and Accrued Expenses$1,201$2,188▲ $987
Total Liabilities$1,201$26,181▲ $24,980
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$657,488$586,115▼ $71,373
Net Assets With Donor Restrictions$121,367$484,645▲ $363,278
Total Net Assets Fund Balance$778,855$1,070,760▲ $291,905
Total Liabilities and Net Assets / Fund Balance$780,056$1,096,941▲ $316,885

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,483$5,027$12,510
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wilson LesterExecutive DirectorFT$90,000$90,000

Board Members and Trustees

NameTitle
Karl RobinsonBoard Chairman
Scott BakerBoard Vice Chairman
Hector MceachernBoard Member
Kim CameronBoard Member
Lora CubbageBoard Member
Melanie TuttleBoard Member
Michael SchiftanBoard Member
Ronald WileyBoard Member
Eresterine GuidryBoard Secretary
Rudolph H Clark JrBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$712,260
Program Service Revenue
$27,375
Investment Income
$0
Other Revenue
$-2,800
All Other Contributions
$70,260
Change in Net Assets
$261,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$736,835
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$736,835
Total Revenue per Form 990
$736,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$305,562
Salaries, Compensation, and Employee Benefits$161,071
Total Fundraising Expense$27,193
Grants and Similar Amounts Paid$8,297
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$82,167$14,500-$96,667
Fees for Services Other$36,056$43,631$8,105$87,792
Other Salaries and Wages$16,300$36,693-$52,993
Conferences and Meetings$1,618$16,399$5,492$23,509
Travel$7,387$3,692$9,433$20,512
Advertising$15,280$3,354-$18,634
Other Expenses$2,430$9,684-$12,114
Payroll Taxes$7,963$3,448-$11,411
Occupancy$7,353$1,614-$8,967
Grants to Domestic Orgs$8,297--$8,297
Office Expenses$2,145$1,432$4,163$7,740
Fees for Services Accounting-$7,700-$7,700
Insurance-$2,708-$2,708
Depreciation Depletion$813$179-$992
Fees for Services Legal-$485-$485
Interest$314--$314
Total Functional Expenses$302,218$145,519$27,193$474,930

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$474,930
Total Expenses per Audited Statements$474,930
Total Expenses per Form 990$474,930
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,306
Fundraising Gross Income$3,506
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event$28,506$3,506$6,306$-2,800
Total Events$28,506$3,506$6,306$-2,800
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
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

Wilson lester, current executive director of the organization and rudolph h. Clark, jr., current board treasurer and member of the fund, will review the form 990 for accuracy and completeness prior to the filing of the return.

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

The directors are asked to complete a questionnaire that would disclose any possible conflict of interest.

Form 990, Part VI, Section B, Line 15A

Narrowed candidates through executive committee and voted on by the board of directors of the organization.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are made available only upon request.

Filing and Contact Details

Filer

Filer Name
Piedmont Business Capital
EIN
56-1872877
Phone
3362758675
Address
1451 S ELM-EUGENE ST SUITE 2121, GREENSBORO, NC 27406

Signing Officer

Name
Wilson Lester
Title
Executive Director
Phone
3362758675
Signed
2020-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wilson Lester
Formed
1993
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
8
Volunteers
0

Preparer

Firm
Leeper Kean and Rumley Llp
Address
3623 N ELM ST STE 100, GREENSBORO, NC 27455
Preparer
Patrick D Freeman
Phone
3362743700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract services: program service expenses 22,051. Management and general expenses 32,878. Fundraising expenses 8,105. Total expenses 63,034. Technical support fees: program service expenses 12,673. Management and general expenses 5,943. Fundraising expenses 0. Total expenses 18,616. Service & filing fees: program service expenses 838. Management and general expenses 3,347. Fundraising expenses 0. Total expenses 4,185. Professional fees: program service expenses 494. Management and general expenses 1,463. Fundraising expenses 0. Total expenses 1,957.

Financial Statement Notes

Form 990, Page 12, Part XII, Line 2B

Tax status pbc is exempt from federal and state income taxes under section 501(c)(3) of the u.s. Internal revenue code and the applicable state tax statutes. Consequently, no provision for income taxes has been made in the accompanying statements. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by pbc and recognize a tax liability or asset if pbc has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Pbc's management has analyzed the tax positions taken and has concluded that as of december 31, 2019 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financial statements.

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IRS990/NetAssetsOrFundBalancesEOYAmt01070760
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-2800
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-2800
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0657488
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0586115
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01614
IRS990/OccupancyGrp/ProgramServicesAmt07353
IRS990/OccupancyGrp/TotalAmt08967
IRS990/OfficeExpensesGrp/FundraisingAmt04163
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01432
IRS990/OfficeExpensesGrp/ProgramServicesAmt02145
IRS990/OfficeExpensesGrp/TotalAmt07740
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0396
IRS990/OtherAssetsTotalGrp/EOYAmt0396
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INTEREST CHARGE-OFFS
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09684
IRS990/OtherExpensesGrp/ProgramServicesAmt0114095
IRS990/OtherExpensesGrp/ProgramServicesAmt12430
IRS990/OtherExpensesGrp/TotalAmt0114095
IRS990/OtherExpensesGrp/TotalAmt112114
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036693
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016300
IRS990/OtherSalariesAndWagesGrp/TotalAmt052993
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0255548
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0222646
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03448
IRS990/PayrollTaxesGrp/ProgramServicesAmt07963
IRS990/PayrollTaxesGrp/TotalAmt011411
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0235250
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06086
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06359
IRS990/PrincipalOfficerNm0WILSON LESTER
IRS990/PriorPeriodAdjustmentsAmt030000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1LOAN APPLICATION & PRO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023512
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13863
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023512
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13863
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0400485
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0155434
IRS990/PYOtherRevenueAmt045481
IRS990/PYProgramServiceRevenueAmt028705
IRS990/PYRevenuesLessExpensesAmt0188051
IRS990/PYSalariesCompEmpBnftPaidAmt0131186
IRS990/PYTotalExpensesAmt0286620
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0474671
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0261905
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt027375
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019148
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019162
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0712260
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0400485
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0263550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0207350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0200000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01783645
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt027375
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt028705
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02269
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt012186
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt09335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt079870
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt016
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03506
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt045481
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01655
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03034
IRS990ScheduleA/OtherIncome509Grp/TotalAmt053680
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97200
IRS990ScheduleA/PublicSupportPY509Pct00.96460
IRS990ScheduleA/PublicSupportTotal509Amt01863515
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0739635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0429190
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0265819
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0219536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0209335
IRS990ScheduleA/Total509Grp/TotalAmt01863515
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0743141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0474671
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0267482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0219544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0212373
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01917211
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt07483
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05027
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012510
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0474930
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0736835
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX STATUS PBC IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND THE APPLICABLE STATE TAX STATUTES. CONSEQUENTLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY PBC AND RECOGNIZE A TAX LIABILITY OR ASSET IF PBC HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. PBC'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2019 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 12, PART XII, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07483
IRS990ScheduleD/TotalExpensesPerForm990Amt0474930
IRS990ScheduleD/TotalRevenuePerForm990Amt0736835
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0736835
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0474930
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt025000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt025000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06306
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028506
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028506
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt03506
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt03506
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-2800
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06306
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06306
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILSON LESTER, CURRENT EXECUTIVE DIRECTOR OF THE ORGANIZATION AND RUDOLPH H. CLARK, JR., CURRENT BOARD TREASURER AND MEMBER OF THE FUND, WILL REVIEW THE FORM 990 FOR ACCURACY AND COMPLETENESS PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS ARE ASKED TO COMPLETE A QUESTIONNAIRE THAT WOULD DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NARROWED CANDIDATES THROUGH EXECUTIVE COMMITTEE AND VOTED ON BY THE BOARD OF DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ONLY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 22,051. MANAGEMENT AND GENERAL EXPENSES 32,878. FUNDRAISING EXPENSES 8,105. TOTAL EXPENSES 63,034. TECHNICAL SUPPORT FEES: PROGRAM SERVICE EXPENSES 12,673. MANAGEMENT AND GENERAL EXPENSES 5,943. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,616. SERVICE & FILING FEES: PROGRAM SERVICE EXPENSES 838. MANAGEMENT AND GENERAL EXPENSES 3,347. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,185. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 494. MANAGEMENT AND GENERAL EXPENSES 1,463. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,957.
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 B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.45$2.33$0.45$1.04$0.60
2023Summary only. Only limited summary data is available for this year.$4.47$0.26$4.21$2.40$0.78$1.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$0.71$5.11$3.15$0.76$2.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$0.86$2.77$1.84$0.76$1.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$1.12$1.74$1.38$0.70$0.68
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.03$1.07$0.74$0.47$0.26
2018Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.47$0.29$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.05$0.59$0.29$0.22$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.05$0.53$0.22$0.11$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.07$0.42$0.21$0.09$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.07$0.30$0.22$0.10$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.07$0.18$0.08$0.12$0.05
2012Summary only. Only limited summary data is available for this year.$0.29$0.07$0.23$0.23$0.03$0.20