Civic Intelligence

Pocosin Arts Incorporated

990 • Fiscal year 2016 • EIN 56-1881210

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 15, 2016

PO Box 690Columbia, NC 27925

(252) 796-2787

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.28x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Net Margin

40th percentile

-0.5%

Higher net margin than 40% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$50,146

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Asset Growth

39th percentile

-1.3%

Faster asset growth than 39% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-25%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,946,319

Down $25,583 (-1.3%) from 2015

Net Assets

Down

$1,855,272

Down $1,792 (-0.1%) from 2015

Liabilities

Down

$91,047

Down $23,791 (-21%) from 2015

Revenue

Down

$326,428

Down $110,079 (-25%) from 2015

Expenses

Up

$328,220

Up $28,063 (+9.3%) from 2015

Net Income

Down

-$1,792

Down $138,142 (-101%) from 2015

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 2011: $1,018,423Liabilities 2011: $147,203Net Assets 2011: $871,2202011Assets 2012: $1,110,417Liabilities 2012: $143,793Net Assets 2012: $966,6242012Assets 2013: $1,987,514Liabilities 2013: $291,309Net Assets 2013: $1,696,2052013Assets 2014: $1,850,993Liabilities 2014: $130,279Net Assets 2014: $1,720,7142014Assets 2015: $1,971,902Liabilities 2015: $114,838Net Assets 2015: $1,857,0642015Assets 2016: $1,946,319Liabilities 2016: $91,047Net Assets 2016: $1,855,2722016Assets 2017: $1,990,547Liabilities 2017: $81,375Net Assets 2017: $1,909,1722017Assets 2018: $2,038,389Liabilities 2018: $86,383Net Assets 2018: $1,952,0062018Assets 2019: $2,068,702Liabilities 2019: $192,243Net Assets 2019: $1,876,4592019Assets 2020: $2,096,967Liabilities 2020: $194,708Net Assets 2020: $1,902,2592020Assets 2021: $3,627,499Liabilities 2021: $222,376Net Assets 2021: $3,405,1232021Assets 2022: $4,342,247Liabilities 2022: $504,665Net Assets 2022: $3,837,5822022Assets 2023: $4,171,625Liabilities 2023: $279,156Net Assets 2023: $3,892,4692023Assets 2024: $4,051,690Liabilities 2024: $204,964Net Assets 2024: $3,846,7262024

Highlighted filing

2016

Assets$1,946,319
Liabilities$91,047
Net Assets$1,855,272

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $242,056Expenses 2011: $341,602Net Income 2011: -$99,5462011Expenses 2012: $215,9742012Revenue 2013: $917,366Expenses 2013: $187,781Net Income 2013: $729,5852013Revenue 2014: $338,697Expenses 2014: $314,188Net Income 2014: $24,5092014Revenue 2015: $436,507Expenses 2015: $300,157Net Income 2015: $136,3502015Revenue 2016: $326,428Expenses 2016: $328,220Net Income 2016: -$1,7922016Revenue 2017: $403,530Expenses 2017: $349,630Net Income 2017: $53,9002017Revenue 2018: $435,262Expenses 2018: $392,428Net Income 2018: $42,8342018Revenue 2019: $360,530Expenses 2019: $436,077Net Income 2019: -$75,5472019Revenue 2020: $470,934Expenses 2020: $445,134Net Income 2020: $25,8002020Revenue 2021: $2,263,409Expenses 2021: $760,545Net Income 2021: $1,502,8642021Revenue 2022: $1,323,495Expenses 2022: $891,036Net Income 2022: $432,4592022Revenue 2023: $1,005,180Expenses 2023: $950,293Net Income 2023: $54,8872023Revenue 2024: $1,085,435Expenses 2024: $1,130,975Net Income 2024: -$45,5402024

Highlighted filing

2016

Revenue$326,428
Expenses$328,220
Net Income-$1,792
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 15, 2016
Return Version
2015v3.0
Gross Receipts
$349,882
Mission and Program Overview

Mission

Enhance appreciation for local arts and crafts glorifying the rich cultural heritage found in eastern north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,854,005$1,803,031▼ $50,974
Cash and Non-Interest-Bearing Accounts$77,191$137,988▲ $60,797
Pledges and Grants Receivable$24,521--
Savings and Temporary Cash Investments$13,496--
Accounts Receivable$2,689$5,300▲ $2,611
Total Assets$1,971,902$1,946,319▼ $25,583
Liabilities
Mortgage Notes Payable Secured by Investment Property$93,068$79,952▼ $13,116
Accounts Payable and Accrued Expenses$21,770$11,095▼ $10,675
Total Liabilities$114,838$91,047▼ $23,791
Net Assets / Fund Balance
Unrestricted Net Assets$1,798,649$1,787,518▼ $11,131
Temporarily Rstr Net Assets$58,415$67,754▲ $9,339
Total Net Assets Fund Balance$1,857,064$1,855,272▼ $1,792
Total Liabilities and Net Assets / Fund Balance$1,971,902$1,946,319▼ $25,583

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,750,020$197,399$1,947,419
Land$52,348-$52,348
Equipment$663$7,275$7,938
Other Land Buildings-$2,210$2,210
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marlene TrueExecutive DiFT$50,146$50,146

Board Members and Trustees

NameTitle
Chip JonesPresident
Andy KeelerBoard Member
David CleggBoard Member
David GaddBoard Member
Deborah DecotisBoard Member
Drew HooverBoard Member
Edward TorresBoard Member
Elizabeth RowlandBoard Member
Gary BradleyBoard Member
Georgann EubanksBoard Member
Jana RawlsBoard Member
Joy PhillipsBoard Member
Maureen MccarthyBoard Member
Nathan RichardsBoard Member
Pam SwainBoard Member
Robin VickBoard Member
Sarah LazureBoard Member
Tracy WhichardBoard Member
William MasseyBoard Member
Megan JonesSecretary
Karen GerhartTreasurer
Bill VolivaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$171,187
Program Service Revenue
$130,939
Investment Income
$0
Other Revenue
$24,302
All Other Contributions
$151,175
Change in Net Assets
$-1,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,319
Salaries, Compensation, and Employee Benefits$116,901
Total Fundraising Expense$25,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$41,833$14,827-$56,660
Depreciation Depletion$42,049$6,595$2,327$50,971
Current Officers, Directors, Trustees, and Key Employees$20,058$10,030$20,058$50,146
All Other Expenses$18,353$4,370$200$22,923
Insurance$14,969$5,288$998$21,255
Payroll Taxes$5,855$2,322$1,918$10,095
Conferences and Meetings$9,533--$9,533
Other Expenses$7,938$1,366-$9,304
Fees for Services Accounting-$7,000-$7,000
Interest$3,436$1,145-$4,581
Total Functional Expenses$244,009$58,710$25,501$328,220
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,482
Fundraising Direct Expenses$11,627
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$29,482$29,482$11,627$17,855
Total Events$29,482$29,482$11,627$17,855
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
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
Yes
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 is reviewed by the board of directors before it is filed.

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

If an item is being voted on where a board member has a conflict they recuse themselves from the vote.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director is subject to board approval.

Form 990, Page 6, Part VI, Line 15B

Compensation for key employees is subject to board approval.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Pocosin Arts Inc
EIN
56-1881210
Phone
2527962787
Address
PO BOX 690, COLUMBIA, NC 27925

Signing Officer

Name
Chip Jones
Title
President
Phone
2527962787
Signed
2016-01-15

Organization Details

Principal Officer
Chip Jones
Formed
1994
Legal Domicile
Nc
Voting Board Members
22
Independent Board Members
22
Employees
5
Volunteers
44

Preparer

Firm
Dowdy & Osborne Llp
Address
PO BOX 9, NAGS HEAD, NC 27959
Preparer
Teresa Osborne
Phone
2524494404
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers assist with fundraising, administrative tasks and program activities.

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0663
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07275
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07938
IRS990ScheduleD/LandGrp/BookValueAmt052348
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02210
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02210
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01803031
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011627
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.05$0.20$3.85$1.09$1.13$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.17$0.28$3.89$1.01$0.95$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.34$0.50$3.84$1.32$0.89$0.43
2021Detailed filing. Detailed filing data is available for this year.$3.63$0.22$3.41$2.26$0.76$1.50
2020Detailed filing. Detailed filing data is available for this year.$2.10$0.19$1.90$0.47$0.45$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.07$0.19$1.88$0.36$0.44$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.04$0.09$1.95$0.44$0.39$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.99$0.08$1.91$0.40$0.35$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.95$0.09$1.86$0.33$0.33$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.97$0.11$1.86$0.44$0.30$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.85$0.13$1.72$0.34$0.31$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.29$1.70$0.92$0.19$0.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.14$0.97$0.22
2011Summary only. Only limited summary data is available for this year.$1.02$0.15$0.87$0.24$0.34$0.10