Civic Intelligence

Davie County Economic Development Commission Inc

EIN 56-1932514 • 501(c)3 • Mocksville, NC

Profile

Coordinate economic development for davie county, nc

135 South Salisbury StreetMocksville, NC 27028

www.daviecountyedc.com

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

49th percentile

3.9%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

43rd percentile

1.4%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-2.5%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$726,311

Down $589,836 (-45%) from 2020

Liabilities

Down

$3,833

Down $239,038 (-98%) from 2020

Net Assets

Down

$722,478

Down $350,798 (-33%) from 2020

Revenue

Down

$371,126

Down $325,966 (-47%) from 2020

Expenses

Down

$507,370

Down $150,018 (-23%) from 2020

Net Income

Down

-$136,244

Down $175,948 (-443%) from 2020

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,562,395Liabilities 2010: $1,350Net Assets 2010: $1,561,0452010Assets 2011: $1,554,473Liabilities 2011: $0Net Assets 2011: $1,554,4732011Assets 2012: $1,453,133Liabilities 2012: $0Net Assets 2012: $1,453,1332012Assets 2013: $1,101,052Liabilities 2013: $0Net Assets 2013: $1,101,0522013Assets 2014: $1,003,157Liabilities 2014: $0Net Assets 2014: $1,003,1572014Assets 2015: $1,015,198Liabilities 2015: $2,871Net Assets 2015: $1,012,3272015Assets 2016: $1,026,275Liabilities 2016: $2,871Net Assets 2016: $1,023,4042016Assets 2017: $1,041,054Liabilities 2017: $2,871Net Assets 2017: $1,038,1832017Assets 2018: $1,128,965Liabilities 2018: $2,871Net Assets 2018: $1,126,0942018Assets 2019: $1,361,265Liabilities 2019: $305,873Net Assets 2019: $1,055,3922019Assets 2020: $1,316,147Liabilities 2020: $242,871Net Assets 2020: $1,073,2762020Assets 2023: $726,311Liabilities 2023: $3,833Net Assets 2023: $722,4782023

Highlighted filing

2023

Assets$726,311
Liabilities$3,833
Net Assets$722,478

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $275,5652010Expenses 2011: $269,8532011Expenses 2012: $3,756,4762012Revenue 2013: $302,451Expenses 2013: $654,532Net Income 2013: -$352,0812013Revenue 2014: $373,632Expenses 2014: $471,527Net Income 2014: -$97,8952014Revenue 2015: $452,123Expenses 2015: $403,551Net Income 2015: $48,5722015Revenue 2016: $391,120Expenses 2016: $380,043Net Income 2016: $11,0772016Revenue 2017: $381,348Expenses 2017: $366,569Net Income 2017: $14,7792017Revenue 2018: $378,293Expenses 2018: $290,382Net Income 2018: $87,9112018Revenue 2019: $334,022Expenses 2019: $355,320Net Income 2019: -$21,2982019Revenue 2020: $697,092Expenses 2020: $657,388Net Income 2020: $39,7042020Revenue 2023: $371,126Expenses 2023: $507,370Net Income 2023: -$136,2442023

Highlighted filing

2023

Revenue$371,126
Expenses$507,370
Net Income-$136,244

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$371,126
Mission and Program Overview

Mission

Coordinate economic development for davie county, nc

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$403,581$630,144▲ $226,563
Cash and Non-Interest-Bearing Accounts$453,037$96,167▼ $356,870
Savings and Temporary Cash Investments$5,200--
Total Assets$861,818$726,311▼ $135,507
Liabilities
Accounts Payable and Accrued Expenses$3,096$3,833▲ $737
Total Liabilities$3,096$3,833▲ $737
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$858,722$722,478▼ $136,244
Total Net Assets Fund Balance$858,722$722,478▼ $136,244
Total Liabilities and Net Assets / Fund Balance$861,818$726,311▼ $135,507
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BralleyPresidentFT$125,000$11,561$136,561

Board Members and Trustees

NameTitle
Dave EdenChairman
Andrew MeadwellDirector
Brian BarnettDirector
James BlakleyDirector
Josh ClevelandDirector
Ken GambleDirector
Mark JonesDirector
Rick CrossDirector
Steve RobertsonDirector
Will MarklinDirector
Zach WrightDirector
Caroline MoserSecretarytreasurer
Terry BumgarnerVice Charman
Revenue and Support

Revenue Composition

Contributions and Grants
$354,480
Program Service Revenue
$0
Investment Income
$16,646
Other Revenue
$0
Change in Net Assets
$-136,244

Audited Revenue Reconciliation

Revenue per Audited Statements
$371,127
Revenue Not Reported on Form 990
$19,623
Total Revenue per Audited Statements
$390,750
Total Revenue per Form 990
$371,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,045
Salaries, Compensation, and Employee Benefits$146,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$181,818$3,129-$184,947
Current Officers, Directors, Trustees, and Key Employees$125,000--$125,000
Fees for Services Other$30,000--$30,000
Occupancy-$26,000-$26,000
Payroll Taxes$9,764--$9,764
Travel$9,000--$9,000
Other Employee Benefits$7,373--$7,373
Pension Plan Contributions$4,188--$4,188
Fees for Services Accounting-$4,160-$4,160
Other Expenses$2,625$53-$2,625
Insurance-$2,362-$2,362
Fees for Services Legal-$1,150-$1,150
Office Expenses-$519-$519
Advertising$500--$500
Total Functional Expenses$469,997$37,373$0$507,370

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$701,207
Expenses per Audited Statements$507,370
Total Expenses per Form 990$507,370
Expenses Not Reported on Form 990$193,837
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The form 990 is reviewed by the president and secretary/treasurer.

CEO executive director top management comp Part VI line 15A

Compensation is determined by the board of directors.

Governing documents etc available to public Part VI line 19

Form 990 is available for review at the office of the organization.

Filing and Contact Details

Filer

Filer Name
Davie County Economic Development Commission Inc
EIN
56-1932514
Address
135 SOUTH SALISBURY STREET, MOCKSVILLE, NC 27028

Signing Officer

Name
Terry Bralley
Title
President
Phone
3367513304
Signed
2024-05-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Terry Bralley
Formed
1994
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
2

Preparer

Firm
Donald G Bowles CPA
Address
854 Valley Rd Suite 300, Mocksville, NC 27028
Preparer
Donald G Bowles
Phone
3367531040
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

SEE OVERFLOW SCHEDULES

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

Transfers from investments

Other expenses not included on Form 990 (Part XII, line 2D)

TRANSFERS TO INVESTMENTS

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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0469563
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt069
IRS990/PYOtherExpensesAmt0387712
IRS990/PYRevenuesLessExpensesAmt0-64200
IRS990/PYSalariesCompEmpBnftPaidAmt0146120
IRS990/PYTotalExpensesAmt0533832
IRS990/PYTotalRevenueAmt0469632
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-136244
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0352480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0361433
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0677238
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0682292
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0295798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02369241
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016647
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt038224
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt070251
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97120
IRS990ScheduleA/PublicSupportTotal170Amt02369241
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0352480
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0361433
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0677238
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0682292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0295798
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02369241
IRS990ScheduleA/TotalSupportAmt02439492
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0193837
IRS990ScheduleD/ExpensesSubtotalAmt0507370
IRS990ScheduleD/OtherExpensesIncludedAmt0193837
IRS990ScheduleD/OtherRevenueAmt019623
IRS990ScheduleD/RevenueNotReportedAmt019623
IRS990ScheduleD/RevenueSubtotalAmt0371127
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TRANSFERS FROM INVESTMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TRANSFERS TO INVESTMENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other revenues not included on Form 990 (Part XI, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other expenses not included on Form 990 (Part XII, line 2d)
IRS990ScheduleD/TotalExpensesPerForm990Amt0507370
IRS990ScheduleD/TotalRevenuePerForm990Amt0371127
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0390750
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0701207
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE PRESIDENT AND SECRETARY/TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE FOR REVIEW AT THE OFFICE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEE OVERFLOW SCHEDULES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0726311
IRS990/TotalAssetsGrp/BOYAmt0861818
IRS990/TotalAssetsGrp/EOYAmt0726311
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0354480
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037373
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0469997
IRS990/TotalFunctionalExpensesGrp/TotalAmt0507370
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03096
IRS990/TotalLiabilitiesEOYAmt03833
IRS990/TotalLiabilitiesGrp/BOYAmt03096
IRS990/TotalLiabilitiesGrp/EOYAmt03833
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0858722
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0722478
IRS990/TotalOtherCompensationAmt011561
IRS990/TotalProgramServiceExpensesAmt0469997
IRS990/TotalReportableCompFromOrgAmt0125000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016646
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0371126
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0861818
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0726311
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt09000
IRS990/TravelGrp/TotalAmt09000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0135 S SALISBURY STREET SUITE 200
IRS990/USAddress/CityNm0MOCKSVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027028
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.DAVIECOUNTYEDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY BRALLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03367513304
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAVIE COUNTY ECONOMIC DEVELOPMENT COMMISSION INC

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