Civic Intelligence

The Southeastern Partnership Inc

EIN 56-1911431 • 501(c)6 • Elizabethtown, NC

Profile

Attract and improve industry in the region

Post Office Box 2556Elizabethtown, NC 28337

www.ncse.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.83x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

0.52x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

23rd percentile

-4.0%

Higher net margin than 23% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

3rd percentile

-52%

Faster asset growth than 3% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

7th percentile

-22%

Faster revenue growth than 7% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,843,229

Down $1,959,364 (-52%) from 2024

Liabilities

Down

$1,534,795

Down $1,861,695 (-55%) from 2024

Net Assets

Down

$308,434

Down $97,669 (-24%) from 2024

Operations
Liabilities / Revenue84th percentileNet Margin23rd percentile

Revenue

Down

$2,926,314

Down $847,064 (-22%) from 2024

Expenses

Down

$3,043,983

Down $786,101 (-21%) from 2024

Net Income

Down

-$117,669

Down $60,963 (-108%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $251,480Liabilities 2011: $4,100Net Assets 2011: $247,3802011Assets 2012: $239,347Net Assets 2012: $239,3472012Assets 2013: $188,595Net Assets 2013: $188,5952013Assets 2014: $438,676Liabilities 2014: $26,575Net Assets 2014: $412,1012014Assets 2015: $443,868Liabilities 2015: $12,785Net Assets 2015: $431,0832015Assets 2016: $472,696Liabilities 2016: $1,642Net Assets 2016: $471,0542016Assets 2017: $446,410Liabilities 2017: $16,703Net Assets 2017: $429,7072017Assets 2018: $399,979Liabilities 2018: $16,892Net Assets 2018: $383,0872018Assets 2019: $420,492Liabilities 2019: $29,786Net Assets 2019: $390,7062019Assets 2020: $449,564Liabilities 2020: $26,182Net Assets 2020: $423,3822020Assets 2021: $506,015Liabilities 2021: $45,295Net Assets 2021: $460,7202021Assets 2022: $5,416,360Liabilities 2022: $4,987,644Net Assets 2022: $428,7162022Assets 2023: $4,132,284Liabilities 2023: $3,689,475Net Assets 2023: $442,8092023Assets 2024: $3,802,593Liabilities 2024: $3,396,490Net Assets 2024: $406,1032024Assets 2025: $1,843,229Liabilities 2025: $1,534,795Net Assets 2025: $308,4342025

Highlighted filing

2025

Assets$1,843,229
Liabilities$1,534,795
Net Assets$308,434
Open 2025 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $54,480Expenses 2011: $212,656Net Income 2011: -$158,1762011Revenue 2012: $125,202Expenses 2012: $133,235Net Income 2012: -$8,0332012Revenue 2013: $191,844Expenses 2013: $242,596Net Income 2013: -$50,7522013Revenue 2014: $251,652Expenses 2014: $28,146Net Income 2014: $223,5062014Revenue 2015: $622,237Expenses 2015: $603,255Net Income 2015: $18,9822015Revenue 2016: $664,705Expenses 2016: $624,734Net Income 2016: $39,9712016Revenue 2017: $724,611Expenses 2017: $765,958Net Income 2017: -$41,3472017Revenue 2018: $749,069Expenses 2018: $795,689Net Income 2018: -$46,6202018Revenue 2019: $757,750Expenses 2019: $750,131Net Income 2019: $7,6192019Revenue 2020: $852,335Expenses 2020: $819,659Net Income 2020: $32,6762020Revenue 2021: $1,570,742Expenses 2021: $1,545,404Net Income 2021: $25,3382021Revenue 2022: $773,155Expenses 2022: $820,159Net Income 2022: -$47,0042022Revenue 2023: $2,159,454Expenses 2023: $2,145,361Net Income 2023: $14,0932023Revenue 2024: $3,773,378Expenses 2024: $3,830,084Net Income 2024: -$56,7062024Revenue 2025: $2,926,314Expenses 2025: $3,043,983Net Income 2025: -$117,6692025

Highlighted filing

2025

Revenue$2,926,314
Expenses$3,043,983
Net Income-$117,669
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,843,229
Liabilities
$1,534,795
Net assets
$308,434
Revenue
$2,926,314
Expenses
$3,043,983
Net income
-$117,669
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$1.53$0.31$2.93$3.04$0.12
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.80$3.40$0.41$3.77$3.83$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$3.69$0.44$2.16$2.15$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.42$4.99$0.43$0.77$0.82$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.05$0.46$1.57$1.55$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.03$0.42$0.85$0.82$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.03$0.39$0.76$0.75$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.02$0.38$0.75$0.80$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.02$0.43$0.72$0.77$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.66$0.62$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.01$0.43$0.62$0.60$0.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.03$0.41$0.25$0.03$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.19$0.19$0.24$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.24$0.13$0.13$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$0.05$0.21$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 25, 2025
Return Version
2024v5.0
Gross Receipts
$2,926,314
Mission and Program Overview

Mission

Attract and improve industry in the region

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,771,130$1,820,479▼ $1,950,651
Accounts Receivable$31,463$22,750▼ $8,713
Total Assets$3,802,593$1,843,229▼ $1,959,364
Liabilities
Deferred Revenue$3,365,658$1,506,343▼ $1,859,315
Accounts Payable and Accrued Expenses$30,832$28,452▼ $2,380
Total Liabilities$3,396,490$1,534,795▼ $1,861,695
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$406,103$308,434▼ $97,669
Total Net Assets Fund Balance$406,103$308,434▼ $97,669
Total Liabilities and Net Assets / Fund Balance$3,802,593$1,843,229▼ $1,959,364
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
Spence BroadhurstChairman
Steve YostPresident
Jason McleodVice-chair
Aaron BrottDirector
Allen BryantDirector
Ann TurnbillDirector
April SneadDirector
Blake HallDirector
Bob CampbellDirector
Bryan LandDirector
Charles PetersonDirector
Chris IsleyDirector
Chuck HorneDirector
Dave RaheDirector
David BurnsDirector
David PopeDirector
Deepal EliatambyDirector
Don PorterDirector
Donnie SpiveyDirector
Doug MillsDirector
Drew CovertDirector
Evan KleinhansDirector
Gary LanierDirector
Gary VoncannonDirector
Haddon ClarkDirector
Jason BeckDirector
Jeff ClarkDirector
Jeff EtheridgeDirector
Jeremy PhillipsDirector
John BenderDirector
John McneillDirector
John NelmsDirector
John WardDirector
Josh LocklearDirector
Julie GrahamDirector
Letitia EdensDirector
Lori DoveDirector
Mark PopeDirector
Mark SorrellsDirector
Owen AndrewsDirector
Pam BosticDirector
Raul PeraltaDirector
Ray JordanDirector
Robert HesterDirector
Roger DavisDirector
Roger OxendineDirector
Steph WalkerDirector
Steve BlanchardDirector
Steve HairDirector
Timothy DownsDirector
Whitney KingDirector
Jimmy SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,863,420
Program Service Revenue
$0
Investment Income
$20,777
Other Revenue
$42,117
All Other Contributions
$948,250
Change in Net Assets
$-117,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,404,660
Salaries, Compensation, and Employee Benefits$639,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$562,604$76,719-$639,323
Fees for Services Legal$98,515--$98,515
Travel$90,590--$90,590
Other Expenses$52,415--$52,415
All Other Expenses$41,281$6,981-$48,262
Information Technology$21,695--$21,695
Fees for Services Accounting-$10,250-$10,250
Office Expenses$8,326--$8,326
Insurance$1,884$4,477-$6,361
Occupancy$5,028$622-$5,650
Total Functional Expenses$2,944,934$99,049$0$3,043,983
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Southeastern Partnership Inc
EIN
56-1911431
Phone
9108628511
Address
POST OFFICE BOX 2556, ELIZABETHTOWN, NC 28337

Signing Officer

Name
Steve Yost
Title
President
Phone
9108628511
Signed
2025-09-25

Organization Details

Principal Officer
Steve Yost
Voting Board Members
51
Independent Board Members
51
Employees
5

Preparer

Firm
S Preston Douglas & Associates Llp
Address
PO BOX 860, WHITEVILLE, NC 28472-0860
Preparer
Matthew S Mclean
Phone
9106426692
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Promotion of the region - southeastern north carolina”

Form 990, Part XI, Line 9

“Transfer from sep ii 20,000”

Raw XML AppendixShowing 400 of 570 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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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ATTRACT AND IMPROVE INDUSTRY IN THE REGION
IRS990/AllOtherContributionsAmt0948250
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IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0707 WEST BROAD STREET
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IRS990/CYRevenuesLessExpensesAmt0-117669
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IRS990/DescribedInSection501c3Ind0false
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IRS990/Form990PartVIISectionAGrp/PersonNm1JASON BECK
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