Civic Intelligence

Davie County Economic Development Commission Inc.

990 • Fiscal year 2020 • EIN 56-1932514

Jul 01, 2019 to Jun 30, 2020 • Filed on Jun 30, 2021

Organization ProfileN/A
135 South Salisbury StreetMocksville, NC 27028

(336) 751-3304

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.18x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.35x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Net Margin

50th percentile

5.7%

Higher net margin than 50% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$135,885

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Asset Growth

23rd percentile

-3.3%

Faster asset growth than 23% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

109%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$1,316,147

Down $45,118 (-3.3%) from 2019

Net Assets

Up

$1,073,276

Up $17,884 (+1.7%) from 2019

Liabilities

Down

$242,871

Down $63,002 (-21%) from 2019

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin50th percentile

Revenue

Up

$697,092

Up $363,070 (+109%) from 2019

Expenses

Up

$657,388

Up $302,068 (+85%) from 2019

Net Income

Up

$39,704

Up $61,002 (+286%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$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

2020

Assets$1,316,147
Liabilities$242,871
Net Assets$1,073,276
Open 2020 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$697,092
Expenses$657,388
Net Income$39,704
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jun 30, 2021
Return Version
2019v5.1
Gross Receipts
$697,092
Mission and Program Overview

Mission

Coordinate economic development for davie county, nc

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,033,572$1,073,276▲ $39,704
Savings and Temporary Cash Investments$434,346$558,670▲ $124,324
Investments in Publicly Traded Securities$616,668$403,000▼ $213,668
Accounts Receivable$300,000$240,000▼ $60,000
Cash and Non-Interest-Bearing Accounts$10,251$114,477▲ $104,226
Total Assets$1,361,265$1,316,147▼ $45,118
Liabilities
Mortgage Notes Payable Secured by Investment Property$300,000$240,000▼ $60,000
Other Liabilities$25,422--
Accounts Payable and Accrued Expenses$2,271$2,871▲ $600
Total Liabilities$327,693$242,871▼ $84,822
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,033,572$1,073,276▲ $39,704
Total Liabilities and Net Assets / Fund Balance$1,361,265$1,316,147▼ $45,118
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BralleyPresidentFT$125,000$10,885$135,885

Board Members and Trustees

NameTitle
Dave EdenChairman of the Board
Terry BumgarnerVice Chairman
Carolyn McmanamyDirector
Julius SuiterDirector
Keith WinglerDirector
Lee RollinsDirector
Mark JonesDirector
Rick CrossDirector
Steve RobertsonDirector
Terry RenegarDirector
Will MarklinDirector
Caroline MoserTreasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$682,292
Program Service Revenue
$0
Investment Income
$14,800
Other Revenue
$0
All Other Contributions
$393,770
Change in Net Assets
$39,704

Audited Revenue Reconciliation

Revenue per Audited Statements
$570,991
Revenue Not Reported on Financial Statements
$126,101
Other Revenue Adjustments
$126,101
Total Revenue per Audited Statements
$570,991
Total Revenue per Form 990
$697,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$512,051
Salaries, Compensation, and Employee Benefits$145,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$432,288$4,257-$436,545
Current Officers, Directors, Trustees, and Key Employees$125,000--$125,000
Fees for Services Other$30,000--$30,000
Occupancy-$12,000-$12,000
Payroll Taxes$9,452--$9,452
Travel$9,000$448-$9,448
Other Employee Benefits$7,435--$7,435
Fees for Services Accounting$4,345$1,051-$5,396
Pension Plan Contributions$3,450--$3,450
Insurance-$1,938-$1,938
Fees for Services Legal$1,595--$1,595
Advertising$1,325--$1,325
Other Expenses$1,295$8-$1,295
Office Expenses-$91-$91
Total Functional Expenses$637,595$19,793$0$657,388

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$657,388
Expenses per Audited Statements$578,460
Total Expenses per Audited Statements$578,460
Expenses Not Reported on Financial Statements$78,928
Other Expense Adjustments$78,928
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
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
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 governing body review Part VI line 11

“The form 990 and supporting schedules are reviewed by the president and treasurer.”

Governing documents etc available to public Part VI line 19

“The form 990 is available in the organizations office for review by the public.”

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
3367512714
Signed
2021-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Bralley
Formed
1994
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
1

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 STATEMENT”

Financial Statement Notes

Other revenues included on Form 990 (Part XI, line 4B)

“Amount required to reconcile statement of cash receipts and disbursements with form 990”

Other expenses included on Form 990 (Part XII, line 4B)

“Amount required to reconcile statement of cash receipts and disbursements with form 990”

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IRS990/OtherExpensesGrp/TotalAmt012000
IRS990/OtherExpensesGrp/TotalAmt18
IRS990/OtherExpensesGrp/TotalAmt2410
IRS990/OtherExpensesGrp/TotalAmt31295
IRS990/OtherLiabilitiesGrp/BOYAmt025422
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt09452
IRS990/PayrollTaxesGrp/TotalAmt09452
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03450
IRS990/PensionPlanContributionsGrp/TotalAmt03450
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TERRY BRALLEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0295798
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt038224
IRS990/PYOtherExpensesAmt0210659
IRS990/PYRevenuesLessExpensesAmt0-21298
IRS990/PYSalariesCompEmpBnftPaidAmt0144661
IRS990/PYTotalExpensesAmt0355320
IRS990/PYTotalRevenueAmt0334022
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt039704
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0434346
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0558670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0682292
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0295798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0352951
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0363173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0367016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02061230
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt038224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025342
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018175
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028257
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0124798
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94290
IRS990ScheduleA/PublicSupportTotal170Amt02061230
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0682292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0295798
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0352951
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0363173
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0367016
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02061230
IRS990ScheduleA/TotalSupportAmt02186028
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt078928
IRS990ScheduleD/ExpensesSubtotalAmt0578460
IRS990ScheduleD/OtherExpensesNotIncludedAmt078928
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0126101
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0126101
IRS990ScheduleD/RevenueSubtotalAmt0570991
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AMOUNT REQUIRED TO RECONCILE STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS WITH FORM 990
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AMOUNT REQUIRED TO RECONCILE STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS WITH FORM 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other revenues included on Form 990 (Part XI, line 4b)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other expenses included on Form 990 (Part XII, line 4b)
IRS990ScheduleD/TotalExpensesPerForm990Amt0657388
IRS990ScheduleD/TotalRevenuePerForm990Amt0697092
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0570991
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0578460
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 AND SUPPORTING SCHEDULES ARE REVIEWED BY THE PRESIDENT AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS AVAILABLE IN THE ORGANIZATIONS OFFICE FOR REVIEW BY THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEE OVERFLOW STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01361265
IRS990/TotalAssetsEOYAmt01316147
IRS990/TotalAssetsGrp/BOYAmt01361265
IRS990/TotalAssetsGrp/EOYAmt01316147
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0682292
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019793
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0637595
IRS990/TotalFunctionalExpensesGrp/TotalAmt0657388
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0327693
IRS990/TotalLiabilitiesEOYAmt0242871
IRS990/TotalLiabilitiesGrp/BOYAmt0327693
IRS990/TotalLiabilitiesGrp/EOYAmt0242871
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01033572
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01073276
IRS990/TotalOtherCompensationAmt010885
IRS990/TotalProgramServiceExpensesAmt0637595
IRS990/TotalReportableCompFromOrgAmt0125000
IRS990/TotalRevenueGrp/ExclusionAmt014800
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0697092
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01361265
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01316147
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0448
IRS990/TravelGrp/ProgramServicesAmt09000
IRS990/TravelGrp/TotalAmt09448
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0135 S SALISBURY STREET
IRS990/USAddress/CityNm0MOCKSVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027028
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WhistleblowerPolicyInd0false

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,316,147
Liabilities
$242,871
Net assets
$1,073,276
Revenue
$697,092
Expenses
$657,388
Net income
$39,704
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.72$0.37$0.51$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.32$0.24$1.07$0.70$0.66$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.36$0.31$1.06$0.33$0.36$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.38$0.29$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.38$0.37$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.02$0.39$0.38$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.01$0.45$0.40$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.37$0.47$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.30$0.65$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.00$1.45$3.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.00$1.55$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.00$1.56$0.28