Civic Intelligence

Martin County Economic Development Corporation

990 • Fiscal year 2011 • EIN 56-2042675

Jul 01, 2010 to Jun 30, 2011 • Filed on Jan 06, 2012

Organization ProfileWWW.MARTINCOUNTYEDC.COM
415 East Boulevard27892
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$8,036,549

Flat from 2011

Net Assets

Flat

$4,036,933

Flat from 2011

Liabilities

Flat

$3,999,616

Flat from 2011

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$2,823,506

Flat from 2011

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 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 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

2011

Assets$8,036,549
Liabilities$3,999,616
Net Assets$4,036,933
Open 2011 Filing

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $2,823,5062011Revenue 2011: $2,736,266Expenses 2011: $2,823,506Net Income 2011: -$87,2402011Revenue 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

2011

Revenue-
Expenses$2,823,506
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Jan 6, 2012
Return Version
2010v3.7
Gross Receipts
$2,736,266
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
Raw XML AppendixShowing 400 of 496 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
IRS990/AccountantCompileOrReview0false
IRS990/AccountsPayableAccruedExpenses/BOY027838
IRS990/AccountsPayableAccruedExpenses/EOY037061
IRS990/AccountsReceivable/BOY067349
IRS990/AccountsReceivable/EOY09178
IRS990/ActivitiesConductedPartnership0false
IRS990/Activity2/Description0BUSINESS 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.
IRS990/Activity2/Expense0448771
IRS990/Activity2/Revenue0276039
IRS990/ActivityOrMissionDescription0TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE COUNTY.
IRS990/AddressPrincipalOfficerUS/AddressLine10415 EAST BOULEVARD
IRS990/AddressPrincipalOfficerUS/City0WILLIAMSTON
IRS990/AddressPrincipalOfficerUS/State0NC
IRS990/AddressPrincipalOfficerUS/ZIPCode027892
IRS990/Advertising/ProgramServices03406
IRS990/Advertising/Total03406
IRS990/AllOtherExpenses/ProgramServices085704
IRS990/AllOtherExpenses/Total085704
IRS990/AnnualDisclosureCoveredPersons0true
IRS990/AuditCommittee0true
IRS990/BenefitsPaidToMembersCY00
IRS990/BsnssRltnshpThruFamilyMember0false
IRS990/BsnssRltnshpWithOrganization0true
IRS990/CashNonInterestBearing/BOY0785485
IRS990/CashNonInterestBearing/EOY0884735
IRS990/ChangesToOrganizingDocs0false
IRS990/CollectionsOfArt0false
IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral03097
IRS990/CompCurrentOfficersDirectors/ProgramServices058843
IRS990/CompCurrentOfficersDirectors/Total061940
IRS990/CompensationFromOtherSources0false
IRS990/CompensationProcessCEO0false
IRS990/CompensationProcessOther0false
IRS990/ComplianceWithBackupWitholding0false
IRS990/ConflictOfInterestPolicy0true
IRS990/ConservationEasements0false
IRS990/ConsolidatedAuditFinancialStmt0false
IRS990/ContributionsGrantsCurrentYear01876044
IRS990/ContributionsGrantsPriorYear01545633
IRS990/CreditCounseling0false
IRS990/DecisionsSubjectToApproval0false
IRS990/DeductibleContributionsOfArt0false
IRS990/DeductibleNonCashContributions0false
IRS990/DeferredRevenue/BOY01500
IRS990/DeferredRevenue/EOY0161304
IRS990/DelegationOfManagementDuties0false
IRS990/DepreciationDepletion/ProgramServices0180594
IRS990/DepreciationDepletion/Total0180594
IRS990/DescribedIn501C30true
IRS990/Description0BUSINESS SUPPORT AND INDUSTRIAL RECRUITMENT INCLUDES COST OF PROVIDING LEASED SPACE TO EXISTING INDUSTRY, DEVELOPMENT OF NEW JOINT INDUSTRIAL PARK WITH PITT COUNTY, AND SOFT COST OF REHABILITATING EXISTING FACILITY FOR NEW INDUSTRY.
IRS990/DisregardedEntity0false
IRS990/DocumentRetentionPolicy0false
IRS990/DonorAdvisedFunds0false
IRS990/ElectionOfBoardMembers0true
IRS990/EmploymentTaxReturnsFiled0true
IRS990/ExcessBenefitTransaction0false
IRS990/Expense02371063
IRS990/FamilyOrBusinessRelationship0false
IRS990/FederalGrantAuditPerformed0true
IRS990/FederalGrantAuditRequired0true
IRS990/FeesForServicesAccounting/ProgramServices010933
IRS990/FeesForServicesAccounting/Total010933
IRS990/FeesForServicesLegal/ProgramServices012040
IRS990/FeesForServicesLegal/Total012040
IRS990/FeesForServicesOther/ProgramServices05292
IRS990/FeesForServicesOther/Total05292
IRS990/FinancialStatementConsolidated0X
IRS990/FollowSFAS1170X
IRS990/ForeignActivities0false
IRS990/ForeignFinancialAccount0false
IRS990/ForeignOffice0false
IRS990/Form990PartVIISectionA/AverageHoursPerWeek040.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/NamePerson0MARVIN DAVIS
IRS990/Form990PartVIISectionA/NamePerson1ELMO LILLEY
IRS990/Form990PartVIISectionA/NamePerson2ABNER HOUSE
IRS990/Form990PartVIISectionA/NamePerson3PHIL HODGES
IRS990/Form990PartVIISectionA/NamePerson4HENRY WILSON
IRS990/Form990PartVIISectionA/NamePerson5RICHARDO HARDISON
IRS990/Form990PartVIISectionA/NamePerson6KENNETH PERRY
IRS990/Form990PartVIISectionA/NamePerson7BULL RITTER
IRS990/Form990PartVIISectionA/NamePerson8CARROLL JONES
IRS990/Form990PartVIISectionA/NamePerson9BILL BEACH
IRS990/Form990PartVIISectionA/NamePerson10JOE AYERS
IRS990/Form990PartVIISectionA/NamePerson11LAURENCE LILLEY JR
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/OtherCompensation80
IRS990/Form990PartVIISectionA/OtherCompensation90
IRS990/Form990PartVIISectionA/OtherCompensation100
IRS990/Form990PartVIISectionA/OtherCompensation110
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization061940
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization110
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/Title0EX. DIRECTOR
IRS990/Form990PartVIISectionA/Title1SECRETARY
IRS990/Form990PartVIISectionA/Title2ASSISTANT SE
IRS990/Form990PartVIISectionA/Title3VICE CHAIRMA
IRS990/Form990PartVIISectionA/Title4CHAIRMAN
IRS990/Form990ProvidedToGoverningBody0false
IRS990/FormersListed0false
IRS990/FSAudited0true
IRS990/FundraisingActivities0false
IRS990/Gaming0false
IRS990/GovernmentGrants01876044
IRS990/Grants01100175
IRS990/GrantsAndSimilarAmntsCY01100175
IRS990/GrantsAndSimilarAmntsPriorYear01275164
IRS990/GrantsToDomesticOrgs/ProgramServices01100175
IRS990/GrantsToDomesticOrgs/Total01100175
IRS990/GrantsToIndividuals0false
IRS990/GrantsToOrganizations0true
IRS990/GrantToRelatedPerson0false
IRS990/GrossReceipts02736266
IRS990/GroupReturnForAffiliates0false
IRS990/Hospital0false
IRS990/IndependentAuditFinancialStmt0true
IRS990/IndoorTanningServices0false
IRS990/InfoInScheduleOPartVI0X
IRS990/InformationTechnology/ProgramServices030800
IRS990/InformationTechnology/Total030800
IRS990/Insurance/ProgramServices051472
IRS990/Insurance/Total051472
IRS990/IntangibleAssets/BOY0233
IRS990/IntangibleAssets/EOY0133
IRS990/Interest/ProgramServices0156134
IRS990/Interest/Total0156134
IRS990/InvestmentIncomeCurrentYear04110
IRS990/InvestmentIncome/ExclusionAmount04110
IRS990/InvestmentIncomePriorYear0117763
IRS990/InvestmentIncome/TotalRevenueColumn04110
IRS990/InvestmentInJointVenture0false
IRS990/InvestmentsProgramRelated/BOY0175000
IRS990/InvestmentsProgramRelated/EOY0175000
IRS990/LandBldgEquipmentAccumDeprec01402270
IRS990/LandBuildingsEquipmentBasis06864380
IRS990/LandBuildingsEquipmentBasisNet/BOY06794724
IRS990/LandBuildingsEquipmentBasisNet/EOY05462110
IRS990/LoanToOfficerOrDQP0false
IRS990/LobbyingActivities0false
IRS990/LocalChapters0false
IRS990/MaterialDiversionOrMisuse0false
IRS990/MembersOrStockholders0false
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees0true
IRS990/MinutesOfGoverningBody0true
IRS990/MissionDescription0TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE COUNTY.
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0false
IRS990/MortNotesPyblSecuredInvestProp/BOY03877522
IRS990/MortNotesPyblSecuredInvestProp/EOY03483555
IRS990/NameOfPrincipalOfficerPerson0LAURENCE LILLEY
IRS990/NbrIndependentVotingMembers011
IRS990/NbrVotingGoverningBodyMembers011
IRS990/NbrVotingMembersGoverningBody011
IRS990/NetAssetsOrFundBalancesBOY04124173
IRS990/NetAssetsOrFundBalancesEOY04036933
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith109605
IRS990/NumberIndependentVotingMembers011
IRS990/NumberOfEmployees04
IRS990/NumberW2GIncluded00
IRS990/OfficeExpenses/ProgramServices08984
IRS990/OfficeExpenses/Total08984
IRS990/OfficerEntityWithBsnssRltnshp0true
IRS990/OfficerMailingAddress0false
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY0494185
IRS990/OtherAssetsTotal/EOY01505393
IRS990/OtherEmployeeBenefits/ManagementAndGeneral0331
IRS990/OtherEmployeeBenefits/ProgramServices08388
IRS990/OtherEmployeeBenefits/Total08719
IRS990/OtherExpensePriorYear0931347
IRS990/OtherExpensesCurrentYear01600765
IRS990/OtherExpenses/Description0IMPAIRMENT LOSS
IRS990/OtherExpenses/Description1MAINTENANCE
IRS990/OtherExpenses/Description2BAD DEBT
IRS990/OtherExpenses/Description3PROPERTY TAXES
IRS990/OtherExpenses/Description4OTHER GRANT EXPENSES
IRS990/OtherExpenses/ProgramServices0652120
IRS990/OtherExpenses/ProgramServices1156718
IRS990/OtherExpenses/ProgramServices2109051
IRS990/OtherExpenses/ProgramServices365778
IRS990/OtherExpenses/ProgramServices465472
IRS990/OtherExpenses/Total0652120
IRS990/OtherExpenses/Total1156718
IRS990/OtherExpenses/Total2109051
IRS990/OtherExpenses/Total365778
IRS990/OtherExpenses/Total465472
IRS990/OtherLiabilities/BOY0285943
IRS990/OtherLiabilities/EOY0317696
IRS990/OtherRevenueCurrentYear08221
IRS990/OtherRevenueMisc/Description0EXPENSE REIMBURSEMENTS
IRS990/OtherRevenueMisc/Description1MISCELLANEOUS INCOME
IRS990/OtherRevenueMisc/ExclusionAmount05125
IRS990/OtherRevenueMisc/ExclusionAmount13096
IRS990/OtherRevenueMisc/TotalRevenueColumn05125
IRS990/OtherRevenueMisc/TotalRevenueColumn13096
IRS990/OtherRevenuePriorYear010633
IRS990/OtherSalariesAndWages/ProgramServices043430
IRS990/OtherSalariesAndWages/Total043430
IRS990/PartialLiquidation0false
IRS990/PayrollTaxes/ManagementAndGeneral0244
IRS990/PayrollTaxes/ProgramServices08233
IRS990/PayrollTaxes/Total08477
IRS990/PoliticalActivities0false
IRS990/PriorExcessBenefitTransaction0false
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenueCY0847891
IRS990/ProgramServiceRevenue/Description0INDUSTRIAL PROPERTY RENTS
IRS990/ProgramServiceRevenue/Description1TELECENTER PROPERTY RENTS
IRS990/ProgramServiceRevenue/Description2AG CENTER FACILITY RENTS
IRS990/ProgramServiceRevenuePriorYear0867178
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0445892
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1324199
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome277800
IRS990/ProgramServiceRevenue/TotalRevenueColumn0445892
IRS990/ProgramServiceRevenue/TotalRevenueColumn1324199
IRS990/ProgramServiceRevenue/TotalRevenueColumn277800
IRS990/ProhibitedTaxShelterTrans0false
IRS990/ReconcilationRevenueExpenses0-87240
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0false
IRS990/RelatedOrgControlledEntity0false
IRS990/ReportFin48Footnote0true
IRS990/ReportInvestOthSecurities0false
IRS990/ReportLandBldgEquip0true
IRS990/ReportOtherAssets0true
IRS990/ReportOtherLiabilities0true
IRS990/ReportProgRelInvest0false
IRS990/Revenue02447896
IRS990/RevenuesLessExpensesCY0-87240
IRS990/RevenuesLessExpensesPriorYear0223937
IRS990/SalariesEtcCurrentYear0122566
IRS990/SalariesEtcPriorYear0110759
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear01876044
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year01545633
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years0782523
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years0405107
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years01024093
IRS990ScheduleA/GiftsGrantsContribReceived170/Total05633400
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear04110
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year0917
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years01595
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years06314
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years03706
IRS990ScheduleA/GrossInvestmentIncome170/Total016642
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc0847891
IRS990ScheduleA/OtherIncome170/CurrentTaxYear08221
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus1Year010633
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years024402
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus3Years024366
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus4Years040969
IRS990ScheduleA/OtherIncome170/Total0108591
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.97830
IRS990ScheduleA/PublicSupportPertcentPriorYear00.96240
IRS990ScheduleA/PublicSupportTotal17005633400
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYear01876044
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year01545633
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years0782523
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years0405107
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years01024093
IRS990ScheduleA/Total170/Total05633400
IRS990ScheduleA/TotalSupport05758633
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleD/AgentTrusteeEtc0false
IRS990ScheduleD/AreRelatedOrgsListedScheduleR0false
IRS990ScheduleD/Buildings/BookValue03576347
IRS990ScheduleD/Buildings/Depreciation0778444
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis04354791
IRS990ScheduleD/DisclosedForCharitablePurposes0false
IRS990ScheduleD/DisclosedOrgsLegalControl0false
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs0false
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs0false
IRS990ScheduleD/Equipment/BookValue039586
IRS990ScheduleD/Equipment/Depreciation0339323
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0378909
IRS990ScheduleD/ExcessOrDeficitForYear0-87240
IRS990ScheduleD/ExcessOrDeficitPerFS0-87240
IRS990ScheduleD/ExpensesSubtotal02823506
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0DURING THE YEAR ENDED JUNE 30, 2010, THE ORGANIZATION ADOPTED A NEW ACCOUNTING STANDARD AS IT RELATES TO UNCERTAIN TAX POSITIONS. ANY INTEREST AND PENALTIES RECOGNIZED ASSOCIATED WITH A TAX POSITION ARE CLASSIFIED AS CURRENT LIABILITIES WITHIN THE ORGANIZATION'S FINANCIAL STATEMENTS. INCOME TAX RETURNS HAVE NOT BEEN EXAMINED BY THE INTERNAL REVENUE SERVICE OR BY THE STATE OF NORTH CAROLINA WITHIN THE LAST THREE YEARS AND REMAIN OPEN TO EXAMINATION. NO WAIVERS HAVE BEEN SIGNED EXTENDING THE STATUTE OF LIMITATIONS ON YEARS OTHERWISE BARRED. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY EITHER OF THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2011 AND 2010.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0LIABILITY UNDER FIN 48 FOOTNOTE
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/IncludedOnFS0false
IRS990ScheduleD/Land/BookValue0536726
IRS990ScheduleD/Land/OtherCostOrOtherBasis0536726
IRS990ScheduleD/OtherAssets/BookValue0500000
IRS990ScheduleD/OtherAssets/BookValue1465459
IRS990ScheduleD/OtherAssets/BookValue2333332
IRS990ScheduleD/OtherAssets/BookValue3146585
IRS990ScheduleD/OtherAssets/BookValue431546
IRS990ScheduleD/OtherAssets/BookValue521653
IRS990ScheduleD/OtherAssets/BookValue66318
IRS990ScheduleD/OtherAssets/BookValue7500
IRS990ScheduleD/OtherAssets/Description0PROPERTY HELD FOR SALE
IRS990ScheduleD/OtherAssets/Description1LEASE RECEIVABLE
IRS990ScheduleD/OtherAssets/Description2NOTE RECEIVABLE
IRS990ScheduleD/OtherAssets/Description3RESTRICTED CASH
IRS990ScheduleD/OtherAssets/Description4GRANT RECEIVABLE
IRS990ScheduleD/OtherAssets/Description5CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssets/Description6PREPAID INSURANCE
IRS990ScheduleD/OtherAssets/Description7OTHER
IRS990ScheduleD/OtherLandBuildings/BookValue01309451
IRS990ScheduleD/OtherLandBuildings/Depreciation0284503
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis01593954
IRS990ScheduleD/OtherLiabilities/Amount0206554
IRS990ScheduleD/OtherLiabilities/Amount1111142
IRS990ScheduleD/OtherLiabilities/Description0DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1TENANT MAINTENANCE RESERVE
IRS990ScheduleD/OtherLiabilities/Description2INTEREST
IRS990ScheduleD/RevenueSubtotal02736266
IRS990ScheduleD/Sect170hRequirementsSatisfied0false
IRS990ScheduleD/SolicitedAssetsForSale0false
IRS990ScheduleD/TotalBookValueOtherAssets01505393
IRS990ScheduleD/TotalExpenses02823506
IRS990ScheduleD/TotalExpensesPerForm99002823506
IRS990ScheduleD/TotalOfAmounts0317696
IRS990ScheduleD/TotalOfBookValueLandBuildings05462110
IRS990ScheduleD/TotalRevenue02736266
IRS990ScheduleD/TotalRevenuePerForm99002736266
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt02823506
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt02736266
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0THE ORGANIZATION MONITORS ITS GRANTS BY REQUIRING THE GRANTEE TO SUPPLY THE ORGANIZATION WITH INVOICES FOR ALL GRANT DRAWDOWNS INCLUDING SUPPORTING DOCUMENTATION, REVIEW OF DETAILED PROGRESS REPORTS AND SITE VISITS. IN ADDITION, THE ORGANIZATION HAS ENGAGED A CPA FIRM TO PERFORM AGREED UPON PROCEDURES TO SUPPORTING DOCUMENTATION SUBMITTED FOR REIMBURSEMENT AND REVIEWED THE RELATED REPORTS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine106003 CHAPEL HILL ROAD
IRS990ScheduleI/RecipientTable/AddressUS/City0RALEIGH
IRS990ScheduleI/RecipientTable/AddressUS/State0NC
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode027607
IRS990ScheduleI/RecipientTable/AmountOfCashGrant01100175
IRS990ScheduleI/RecipientTable/PurposeOfGrant0R&D FUEL CELLS
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10MICROCELL INC
IRS990ScheduleI/RecordsMaintained0true
IRS990/ScheduleJRequired0false
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction011133
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction1456
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0PURCHASE OF SUPPLIES
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction1PURCHASE OF LIFE INS
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0STAN CROWE COREY INC
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson1BULL RITTER
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FORMER CHAIRMAN
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship1BOARD MEMBER
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues0false
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues1false
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 CHARIMAN 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 BUSNINESS 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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,036,549
Liabilities
$3,999,616
Net assets
$4,036,933
Revenue
-
Expenses
$2,823,506
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
2012Summary only. Only limited summary data is available for this year.$7.36$3.59$3.78$1.71$1.97$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.04$4.00$4.04$2.82
2011Summary only. Only limited summary data is available for this year.$8.04$4.00$4.04$2.74$2.82$0.09