Civic Intelligence

Surry County Economic Development

EIN 56-1946934 • 501(c)6 • MT Airy, NC

View Organization Page

Profile

To promote economic development in surry county, north carolina, by supporting existing businesses and industry so they will continue to thrive and grow, and to attract new businesses and industry to the area.

PO Box 7128MT Airy, NC 27030

www.surryedp.com

Siviq Scores

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

Liabilities / Assets

69th percentile

0.05x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.05x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

57th percentile

4.1%

Higher net margin than 57% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

65th percentile

6.8%

Faster asset growth than 65% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

4.8%

Faster revenue growth than 57% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$414,477

Up $61,178 (+17%) from 2022

Liabilities

Down

$7,703

Down $5,630 (-42%) from 2022

Net Assets

Up

$406,774

Up $66,808 (+20%) from 2022

Operations
Liabilities / Revenue71st percentileNet Margin57th percentile

Revenue

Down

$309,413

Down $42,805 (-12%) from 2022

Expenses

Down

$243,290

Down $74,599 (-23%) from 2022

Net Income

Up

$66,123

Up $31,794 (+93%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

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

$600K$400K$200K$0Assets 2010: $290,708Liabilities 2010: $9,798Net Assets 2010: $280,9102010Assets 2011: $252,656Liabilities 2011: $7,508Net Assets 2011: $245,1482011Assets 2012: $327,371Liabilities 2012: $7,427Net Assets 2012: $319,9442012Assets 2013: $265,582Liabilities 2013: $9,072Net Assets 2013: $256,5102013Assets 2014: $270,642Liabilities 2014: $6,550Net Assets 2014: $264,0922014Assets 2015: $364,343Liabilities 2015: $7,621Net Assets 2015: $356,7222015Assets 2016: $333,917Liabilities 2016: $7,995Net Assets 2016: $325,9222016Assets 2017: $318,119Liabilities 2017: $8,207Net Assets 2017: $309,9122017Assets 2018: $298,357Liabilities 2018: $4,970Net Assets 2018: $293,3872018Assets 2019: $310,513Liabilities 2019: $13,273Net Assets 2019: $297,2402019Assets 2020: $301,379Liabilities 2020: $9,410Net Assets 2020: $291,9692020Assets 2021: $321,932Liabilities 2021: $16,295Net Assets 2021: $305,6372021Assets 2022: $353,299Liabilities 2022: $13,333Net Assets 2022: $339,9662022Assets 2023: $414,477Liabilities 2023: $7,703Net Assets 2023: $406,7742023

Highlighted filing

2023

Assets$414,477
Liabilities$7,703
Net Assets$406,774
Open 2023 Filing

Operations Trend

Revenue Growth57th percentile

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

$400K$200K$0-$200KExpenses 2010: $348,1792010Expenses 2011: $345,8702011Expenses 2012: $359,8222012Revenue 2013: $267,309Expenses 2013: $330,743Net Income 2013: -$63,4342013Revenue 2014: $297,081Expenses 2014: $289,499Net Income 2014: $7,5822014Revenue 2015: $266,382Expenses 2015: $300,232Net Income 2015: -$33,8502015Revenue 2016: $268,396Expenses 2016: $299,196Net Income 2016: -$30,8002016Revenue 2017: $320,579Expenses 2017: $336,589Net Income 2017: -$16,0102017Revenue 2018: $294,800Expenses 2018: $311,325Net Income 2018: -$16,5252018Revenue 2019: $326,832Expenses 2019: $322,979Net Income 2019: $3,8532019Revenue 2020: $315,702Expenses 2020: $320,973Net Income 2020: -$5,2712020Revenue 2021: $330,728Expenses 2021: $317,060Net Income 2021: $13,6682021Revenue 2022: $352,218Expenses 2022: $317,889Net Income 2022: $34,3292022Revenue 2023: $309,413Expenses 2023: $243,290Net Income 2023: $66,1232023

Highlighted filing

2023

Revenue$309,413
Expenses$243,290
Net Income$66,123
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$414,477
Liabilities
$7,703
Net assets
$406,774
Revenue
$309,413
Expenses
$243,290
Net income
$66,123
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.14$0.08$4.07$3.09$2.43$0.66
2022Detailed filing. Detailed filing data is available for this year.$3.53$0.13$3.40$3.52$3.18$0.34
2021Detailed filing. Detailed filing data is available for this year.$3.22$0.16$3.06$3.31$3.17$0.14
2020Detailed filing. Detailed filing data is available for this year.$3.01$0.09$2.92$3.16$3.21$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.11$0.13$2.97$3.27$3.23$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.98$0.05$2.93$2.95$3.11$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.18$0.08$3.10$3.21$3.37$0.16
2016Detailed filing. Detailed filing data is available for this year.$3.34$0.08$3.26$2.68$2.99$0.31
2015Detailed filing. Detailed filing data is available for this year.$3.64$0.08$3.57$2.66$3.00$0.34
2014Detailed filing. Detailed filing data is available for this year.$2.71$0.07$2.64$2.97$2.89$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.09$2.57$2.67$3.31$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.07$3.20$3.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.08$2.45$3.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.10$2.81$3.48
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
$309,413
Mission and Program Overview

Mission

To promote economic development in surry county,north carolina by supporting existing businesses and industry so they will continue to thrive and grow, and to attract new businesses and industry to the area.

To promote economic development in surry county, north carolina, by supporting existing businesses and industryso they will continue to thrive and grow, and to attract new businesses and industry to the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$331,028$205,315▼ $125,713
Savings and Temporary Cash Investments-$184,180-
Pledges and Grants Receivable$19,789$15,000▼ $4,789
Prepaid Expenses and Deferred Charges-$7,500-
Accounts Receivable$2,482$2,482→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$353,299$414,477▲ $61,178
Liabilities
Accounts Payable and Accrued Expenses$13,333$7,703▼ $5,630
Total Liabilities$13,333$7,703▼ $5,630
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$229,966$293,899▲ $63,933
Net Assets With Donor Restrictions$110,000$112,875▲ $2,875
Total Net Assets Fund Balance$339,966$406,774▲ $66,808
Total Liabilities and Net Assets / Fund Balance$353,299$414,477▲ $61,178

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$59,471-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd TuckerPresidentFT$60,718$1,743$62,461
Blake MoyerPresidentFT$26,406$346$26,752

Board Members and Trustees

NameTitle
Richie ParkerChairman
Peter PequenoVice Chairman
Barbara JonesDirector
Bill RobertsDirector
Brent CornelisonDirector
Chris KnopfDirector
Dave DinkinsDirector
David SteelmanDirector
Donna KigerDirector
Dr David ShockleyDirector
Dr Kim MorrisonDirector
Dr Myra CoxDirector
Jeff EidsonDirector
Joanna RadfordDirector
Jon CawleyDirector
Larry JohnsonDirector
Laura NeelyDirector
Matthew WootenDirector
Michael BoazDirector
Mike PackDirector
Paul HammesDirector
Randy CollinsDirector
Robert BallDirector
Robin TestermanDirector
Ron SutphinDirector
Sam HolderDirector
Stan FarmerDirector
Travis ReevesDirector
Chris LumsdenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$308,971
Program Service Revenue
$0
Investment Income
$442
Other Revenue
$0
All Other Contributions
$89,971
Change in Net Assets
$66,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$125,337
Other Expenses$117,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$87,125--$87,125
Fees for Services Other$34,954--$34,954
Other Salaries and Wages$25,785--$25,785
Advertising$13,105--$13,105
Occupancy$9,790--$9,790
Travel$8,798--$8,798
Payroll Taxes$8,773--$8,773
All Other Expenses$7,696--$7,696
Information Technology$7,585--$7,585
Insurance$3,919--$3,919
Pension Plan Contributions$3,654--$3,654
Conferences and Meetings$3,323--$3,323
Other Expenses$2,499--$2,499
Office Expenses$428--$428
Total Functional Expenses$243,290$0$0$243,290
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
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

“The finalized 990 is presented to the board members for review before signing and filing.”

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

“The board will review the conflict of interest policy every year at the first scheduled meeting of the calendar year. Potential conflicts of interest will be handled on a case-by-case basis.”

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

“The president's salary and benefits are reviewed and set by the board annually, based on current market rates for the position.”

Form 990, Part VI, Section C, Line 18

“Governing documents are made available upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Surry County Economic Development
EIN
56-1946934
Phone
3364019900
Address
PO BOX 7128, MT AIRY, NC 27030

Signing Officer

Name
Blake M Moyer
Title
President
Phone
3364298209
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Blake M Moyer
Formed
2006
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
0

Preparer

Firm
HARRIS HARVEY NEAL & COLLPCPA'S
Address
PO BOX 3424, DANVILLE, VA 24543-3424
Preparer
Stephen M Gay
Phone
4347923220
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services: program service expenses 34,954. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,954.”

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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/PersonNm30TODD TUCKER
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30PRESIDENT
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IRS990/FormationYr02006
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IRS990/GrantsToOrganizationsInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT IN SURRY COUNTY, NORTH CAROLINA, BY SUPPORTING EXISTING BUSINESSES AND INDUSTRY SO THEY WILL CONTINUE TO THRIVE AND GROW, AND TO ATTRACT NEW BUSINESSES AND INDUSTRY TO THE AREA.
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