Civic Intelligence

Martin County Economic Development Corporation

990 • Fiscal year 2012 • EIN 56-2042675

Jul 01, 2011 to Jun 30, 2012 • Filed on Nov 27, 2012

Organization ProfileWWW.MARTINCOUNTYEDC.COM
415 East Boulevard27892
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$7,363,340

Flat from 2012

Net Assets

Flat

$3,775,684

Flat from 2012

Liabilities

Flat

$3,587,656

Flat from 2012

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$1,966,591

Flat from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $8,036,549Liabilities 2011: $3,999,616Net Assets 2011: $4,036,9332011Assets 2012: $7,363,340Liabilities 2012: $3,587,656Net Assets 2012: $3,775,6842012Assets 2012: $7,363,340Liabilities 2012: $3,587,656Net Assets 2012: $3,775,6842012Assets 2013: $6,128,046Liabilities 2013: $2,360,481Net Assets 2013: $3,767,5652013Assets 2014: $5,105,008Liabilities 2014: $1,047,020Net Assets 2014: $4,057,9882014Assets 2015: $6,179,066Liabilities 2015: $914,042Net Assets 2015: $5,265,0242015Assets 2016: $5,495,875Liabilities 2016: $363,471Net Assets 2016: $5,132,4042016Assets 2017: $5,184,602Liabilities 2017: $342,967Net Assets 2017: $4,841,6352017Assets 2018: $4,279,211Liabilities 2018: $324,749Net Assets 2018: $3,954,4622018Assets 2019: $1,825,260Liabilities 2019: $20,335Net Assets 2019: $1,804,9252019Assets 2020: $1,734,390Liabilities 2020: $14,749Net Assets 2020: $1,719,6412020Assets 2021: $1,779,076Liabilities 2021: $15,784Net Assets 2021: $1,763,2922021Assets 2022: $1,786,300Liabilities 2022: $7,733Net Assets 2022: $1,778,5672022Assets 2023: $1,956,605Liabilities 2023: $137,312Net Assets 2023: $1,819,2932023Assets 2024: $2,087,140Liabilities 2024: $125,313Net Assets 2024: $1,961,8272024Assets 2025: $2,192,464Liabilities 2025: $98,731Net Assets 2025: $2,093,7332025

Highlighted filing

2012

Assets$7,363,340
Liabilities$3,587,656
Net Assets$3,775,684
Open 2012 Filing

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $2,736,266Expenses 2011: $2,823,506Net Income 2011: -$87,2402011Expenses 2012: $1,966,5912012Revenue 2012: $1,705,342Expenses 2012: $1,966,591Net Income 2012: -$261,2492012Expenses 2013: $1,075,2552013Revenue 2014: $1,004,392Expenses 2014: $713,969Net Income 2014: $290,4232014Revenue 2015: $1,817,423Expenses 2015: $610,387Net Income 2015: $1,207,0362015Revenue 2016: $467,565Expenses 2016: $600,185Net Income 2016: -$132,6202016Revenue 2017: $460,126Expenses 2017: $556,831Net Income 2017: -$96,7052017Revenue 2018: -$266,357Expenses 2018: $576,794Net Income 2018: -$843,1512018Revenue 2019: -$1,635,603Expenses 2019: $513,934Net Income 2019: -$2,149,5372019Revenue 2020: $205,096Expenses 2020: $290,380Net Income 2020: -$85,2842020Revenue 2021: $273,295Expenses 2021: $229,644Net Income 2021: $43,6512021Revenue 2022: $234,468Expenses 2022: $219,193Net Income 2022: $15,2752022Revenue 2023: $253,673Expenses 2023: $212,947Net Income 2023: $40,7262023Revenue 2024: $379,980Expenses 2024: $237,446Net Income 2024: $142,5342024Revenue 2025: $374,595Expenses 2025: $242,689Net Income 2025: $131,9062025

Highlighted filing

2012

Revenue-
Expenses$1,966,591
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Nov 27, 2012
Return Version
2011v1.2
Gross Receipts
$1,705,342
Mission and Program Overview

Mission

To promote economic development within martin county, north carolina and surrounding areas.

Major Activities

Activity 2
Business and technology center includes providing incubator space for small business and access to advanced technologies to area business, the public, and area schools. Also provides office space to federal, state, and local government organizations.
Filing and Contact Details

Filer

EIN
56-2042675
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION IS GOVERNED BY AN 11 MEMBER BOARD OF DIRECTORS. MARTIN COUNTY APPOINTS FOUR MEMBERS: TWO MEMBERS MAY BE COUNTY COMMISSIONERS AND TWO MEMBERS BEING CITIZENS OF MARTIN COUNTY. THE REMAINING MEMBERS ARE ELECTED BY THE BOARD. MEMBERS SERVE FOR 3 YEAR STAGGERED TERMS.
IRS990ScheduleO/GeneralExplanation/Explanation1EXECUTIVE DIRECTOR AND CURRENT CHAIRMAN REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2WHEN ITEMS OF BUSINESS OCCUR, IF THERE ARE ANY CONFLICTS OF INTEREST, THE CONFLICT IS BROUGHT TO THE ENTIRE BOARD'S ATTENTION. IN ADDITION, THE INDEPENDENT AUDITOR ANNUALLY REQUESTS WRITTEN CONFIRMATION OF ANY CONFLICTS OF INTEREST WITH EACH BOARD MEMBER AND MANAGEMENT.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD'S POLICIES AND FINANCIAL INFORMATION IS AVAILABLE FOR PUBLIC INSPECTION AT OUR OFFICE DURING NORMAL BUSINESS HOURS. THE DOCUMENTS ARE ALSO SENT TO THE MARTIN COUNTY BOARD OF COMMISSIONERS, THE HIGHEST ELECTED GOVERNMENTAL ORGANIZATION IN OUR COUNTY.
IRS990ScheduleO/GeneralExplanation/Identifier0ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier1ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier2ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0NC
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/TemporarilyRestrictedNetAssets/BOY0511754
IRS990/TemporarilyRestrictedNetAssets/EOY0518512
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10415 EAST BOULEVARD
IRS990/TheBooksAreInCareOf/AddressUS/City0WILLIAMSTON
IRS990/TheBooksAreInCareOf/AddressUS/State0NC
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode027892
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10GAY PERRY
IRS990/TheBooksAreInCareOf/TelephoneNumber02527894904
IRS990/TotalAssets/BOY08036549
IRS990/TotalAssetsBOY08036549
IRS990/TotalAssets/EOY07363340
IRS990/TotalAssetsEOY07363340
IRS990/TotalCompGT150K0false
IRS990/TotalContributions0866384
IRS990/TotalExpensesCurrentYear01966591

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,363,340
Liabilities
$3,587,656
Net assets
$3,775,684
Revenue
-
Expenses
$1,966,591
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.10$2.09$0.37$0.24$0.13
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.13$1.96$0.38$0.24$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.14$1.82$0.25$0.21$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.01$1.78$0.23$0.22$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.02$1.76$0.27$0.23$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.01$1.72$0.21$0.29$0.09
2019Summary only. Only limited summary data is available for this year.$1.83$0.02$1.80$1.64$0.51$2.15
2018Summary only. Only limited summary data is available for this year.$4.28$0.32$3.95$0.27$0.58$0.84
2017Summary only. Only limited summary data is available for this year.$5.18$0.34$4.84$0.46$0.56$0.10
2016Summary only. Only limited summary data is available for this year.$5.50$0.36$5.13$0.47$0.60$0.13
2015Summary only. Only limited summary data is available for this year.$6.18$0.91$5.27$1.82$0.61$1.21
2014Detailed filing. Detailed filing data is available for this year.$5.11$1.05$4.06$1.00$0.71$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.13$2.36$3.77$1.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.36$3.59$3.78$1.97
2012Summary only. Only limited summary data is available for this year.$7.36$3.59$3.78$1.71$1.97$0.26
2011Summary only. Only limited summary data is available for this year.$8.04$4.00$4.04$2.74$2.82$0.09