Civic Intelligence

Chatham County Economic Development Corporation

990 • Fiscal year 2020 • EIN 56-2048401

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileWWW.CHATHAMEDC.ORG
P O Box 1627Pittsboro, NC 27312

(919) 542-8274

Siviq Scores

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

Liabilities / Assets

56th percentile

0.16x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.34x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Net Margin

21st percentile

-8.3%

Higher net margin than 21% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$106,382

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 24.6% of source-year revenue.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Asset Growth

37th percentile

0.8%

Faster asset growth than 37% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

9.3%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$930,074

Up $6,933 (+0.8%) from 2019

Net Assets

Down

$783,944

Down $36,327 (-4.4%) from 2019

Liabilities

Up

$146,130

Up $43,260 (+42%) from 2019

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin21st percentile

Revenue

Up

$431,985

Up $36,583 (+9.3%) from 2019

Expenses

Up

$467,645

Up $125,825 (+37%) from 2019

Net Income

Down

-$35,660

Down $89,242 (-167%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $806,667Liabilities 2012: $246,842Net Assets 2012: $559,8252012Assets 2013: $713,640Liabilities 2013: $185,213Net Assets 2013: $528,4272013Assets 2014: $1,079,287Liabilities 2014: $32,284Net Assets 2014: $1,047,0032014Assets 2015: $1,038,151Liabilities 2015: $76,538Net Assets 2015: $961,6132015Assets 2016: $949,061Liabilities 2016: $82,996Net Assets 2016: $866,0652016Assets 2017: $832,872Liabilities 2017: $25,079Net Assets 2017: $807,7932017Assets 2018: $789,191Liabilities 2018: $21,372Net Assets 2018: $767,8192018Assets 2019: $923,141Liabilities 2019: $102,870Net Assets 2019: $820,2712019Assets 2020: $930,074Liabilities 2020: $146,130Net Assets 2020: $783,9442020Assets 2021: $874,185Liabilities 2021: $131,274Net Assets 2021: $742,9112021Assets 2022: $1,387,229Liabilities 2022: $24,194Net Assets 2022: $1,363,0352022Assets 2023: $1,378,829Liabilities 2023: $35,554Net Assets 2023: $1,343,2752023Assets 2024: $1,253,122Liabilities 2024: $21,036Net Assets 2024: $1,232,0862024

Highlighted filing

2020

Assets$930,074
Liabilities$146,130
Net Assets$783,944
Open 2020 Filing

Operations Trend

Revenue Growth69th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $553,119Expenses 2012: $486,526Net Income 2012: $66,5932012Revenue 2013: $383,557Expenses 2013: $414,955Net Income 2013: -$31,3982013Revenue 2014: $949,240Expenses 2014: $430,664Net Income 2014: $518,5762014Revenue 2015: $525,989Expenses 2015: $611,379Net Income 2015: -$85,3902015Revenue 2016: $448,478Expenses 2016: $544,026Net Income 2016: -$95,5482016Revenue 2017: $543,230Expenses 2017: $605,735Net Income 2017: -$62,5052017Revenue 2018: $665,037Expenses 2018: $708,290Net Income 2018: -$43,2532018Revenue 2019: $395,402Expenses 2019: $341,820Net Income 2019: $53,5822019Revenue 2020: $431,985Expenses 2020: $467,645Net Income 2020: -$35,6602020Revenue 2021: $396,635Expenses 2021: $451,016Net Income 2021: -$54,3812021Revenue 2022: $1,328,079Expenses 2022: $692,724Net Income 2022: $635,3552022Revenue 2023: $519,154Expenses 2023: $534,387Net Income 2023: -$15,2332023Revenue 2024: $532,388Expenses 2024: $648,220Net Income 2024: -$115,8322024

Highlighted filing

2020

Revenue$431,985
Expenses$467,645
Net Income-$35,660
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$515,577
Mission and Program Overview

Mission

Building on the county's strategic location between the triad and triangle, edc is positioning chatham as the preferred location for emerging growth companies. The policy-driven approach focuses on targeted attraction, retention, and entrepreneurship to improve the lives of county residents. Edc supports infrastructure improvements and preservation of the county's strong quality of place.

To coordinate and promote economic development, creating good paying jobs, increasing the commercial tax base, and improving the standard of living for county residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$422,530$457,968▲ $35,438
Investments Other Securities$274,486$267,248▼ $7,238
Cash and Non-Interest-Bearing Accounts$78,104$108,781▲ $30,677
Investments in Publicly Traded Securities$121,148$90,594▼ $30,554
Pledges and Grants Receivable$20,925--
Prepaid Expenses and Deferred Charges$3,538$3,092▼ $446
Land, Buildings, and Equipment, Net$2,410$2,391▼ $19
Total Assets$923,141$930,074▲ $6,933
Liabilities
Other Liabilities$91,769$96,582▲ $4,813
Unsecured Notes Loans Payable-$29,506-
Accounts Payable and Accrued Expenses$11,101$20,042▲ $8,941
Total Liabilities$102,870$146,130▲ $43,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$820,271$783,944▼ $36,327
Total Net Assets Fund Balance$820,271$783,944▼ $36,327
Total Liabilities and Net Assets / Fund Balance$923,141$930,074▲ $6,933

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,391$36,307$38,698
Other Securities$267,248--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alyssa ByrdPresidentFT$88,615$17,767$106,382

Board Members and Trustees

NameTitle
Jeff WilsonChair
Doug EmmonsPast Chair
Greg LewisVice Chair
Chreatha AlstonDirector
Chris EhrenfeldDirector
Jennifer PlattDirector
Mark FerriDirector
Taylor HobbsDirector
Vaughn UpshawDirector
Rich TrogdonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$427,625
Program Service Revenue
$0
Investment Income
$4,360
Other Revenue
$0
All Other Contributions
$17,043
Change in Net Assets
$-35,660

Audited Revenue Reconciliation

Revenue per Audited Statements
$429,200
Revenue Not Reported on Financial Statements
$2,785
Revenue Not Reported on Form 990
$20,933
Total Revenue per Audited Statements
$450,133
Total Revenue per Form 990
$431,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$249,963
Other Expenses$217,682
Total Fundraising Expense$30,301
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,171$27,929$1,592$95,692
Current Officers, Directors, Trustees, and Key Employees$80,566$11,403$2,271$94,240
Fees for Services Other$11,000$12,000$25,500$48,500
Advertising$36,819--$36,819
Other Employee Benefits$25,101$7,050$279$32,430
Payroll Taxes$10,782$2,952$284$14,018
Pension Plan Contributions$10,549$2,756$278$13,583
Fees for Services Accounting-$8,800-$8,800
Travel$7,903--$7,903
All Other Expenses$5,971$1,841$53$7,865
Conferences and Meetings$5,339$550-$5,889
Other Expenses$4,866--$4,866
Insurance$2,855$952-$3,807
Fees for Service Investment Mgmnt Fees-$2,785-$2,785
Office Expenses$1,042$284$27$1,353
Depreciation Depletion$654$178$17$849
Total Functional Expenses$357,864$79,480$30,301$467,645

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$486,460
Total Expenses per Form 990$467,645
Expenses per Audited Statements$464,860
Expenses Not Reported on Form 990$21,600
Expenses Not Reported on Financial Statements$2,785
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds$83,557
Accrued Vacation$13,025
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
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

“A copy of form 990 is reviewed by the executive committee, the president and the business services manager prior to filing. Copies of the 990 are then made available to the governing body upon request.”

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

“Board members and staff are expected to disclose any actual or potential conflict of interest at the first available opportunity. The code of ethics and conflicts of interest policy are signed by board members and staff annually. In the event of an actual or possible conflict of interest, the interested party leaves the meeting and the remaining board members review, discuss and vote on the arrangement. All pertinent information regarding the conflict of interest is noted in the minutes for that meeting.”

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

“The board of directors deliberates and decides the compensation of the president. An employment agreement is on file which sets forth a performance review at the end of the first twelve months of employment at which time there may be a salary adjustment. A performance based incentive payment scheme shall be proposed and, subject to mutual agreement.”

Form 990, Part VI, Section C, Line 19

“The by-laws are available from the organization's website. Requests for other governing documents, conflicts of interest policy, and financial statements are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Chatham County Economic Development
EIN
56-2048401
Phone
9195428274
Address
P O BOX 1627, PITTSBORO, NC 27312

Signing Officer

Name
Greg Lewis
Title
Chair
Phone
9195428274
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Lewis
Formed
1997
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
25

Preparer

Firm
Koonce Wooten & Haywood Llp
Address
P O BOX 17806, RALEIGH, NC 27619-7806
Preparer
Paul Miller
Phone
9197829265
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 11,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,000. Strategic plan: program service expenses 0. Management and general expenses 12,000. Fundraising expenses 0. Total expenses 12,000. Feasibility study: program service expenses 0. Management and general expenses 0. Fundraising expenses 25,500. Total expenses 25,500.”

Form 990, Part XI, Line 2C

“No change in the oversight or selection process.”

Financial Statement Notes

PART X, LINE 2:

“It is the organization's policy to evaluate all tax positions to identify those that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the benefit of any uncertain tax position should be recognized in the financial statements. Any changes in the amount of a tax position are recognized in the period the change occurs.”

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BUILDING ON THE COUNTY'S STRATEGIC LOCATION BETWEEN THE TRIAD AND TRIANGLE, EDC IS POSITIONING CHATHAM AS THE PREFERRED LOCATION FOR EMERGING GROWTH COMPANIES. THE POLICY-DRIVEN APPROACH FOCUSES ON TARGETED ATTRACTION, RETENTION, AND ENTREPRENEURSHIP TO IMPROVE THE LIVES OF COUNTY RESIDENTS. EDC SUPPORTS INFRASTRUCTURE IMPROVEMENTS AND PRESERVATION OF THE COUNTY'S STRONG QUALITY OF PLACE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0820271
IRS990/NetAssetsOrFundBalancesEOYAmt0783944
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1924
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1924
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-667
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0820271
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0783944
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt027
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0284
IRS990/OfficeExpensesGrp/ProgramServicesAmt01042
IRS990/OfficeExpensesGrp/TotalAmt01353
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0279
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07050
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025101
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032430
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES (FLOW-
IRS990/OtherExpensesGrp/Desc1CCCC SBC PARTNERSHIP
IRS990/OtherExpensesGrp/Desc2PROGRAM EXPENSES (CHATH
IRS990/OtherExpensesGrp/Desc3SPECIAL EVENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt055000
IRS990/OtherExpensesGrp/ProgramServicesAmt123000
IRS990/OtherExpensesGrp/ProgramServicesAmt210246
IRS990/OtherExpensesGrp/ProgramServicesAmt34866
IRS990/OtherExpensesGrp/TotalAmt055000
IRS990/OtherExpensesGrp/TotalAmt123000
IRS990/OtherExpensesGrp/TotalAmt210246
IRS990/OtherExpensesGrp/TotalAmt34866
IRS990/OtherLiabilitiesGrp/BOYAmt091769
IRS990/OtherLiabilitiesGrp/EOYAmt096582
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01592
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027929
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt066171
IRS990/OtherSalariesAndWagesGrp/TotalAmt095692
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0284
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02952
IRS990/PayrollTaxesGrp/ProgramServicesAmt010782
IRS990/PayrollTaxesGrp/TotalAmt014018
IRS990/PensionPlanContributionsGrp/FundraisingAmt0278
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02756
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010549
IRS990/PensionPlanContributionsGrp/TotalAmt013583
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020925
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03538
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03092
IRS990/PrincipalOfficerNm0GREG LEWIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0387827
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07575
IRS990/PYOtherExpensesAmt0168244
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt053582
IRS990/PYSalariesCompEmpBnftPaidAmt0173576
IRS990/PYTotalExpensesAmt0341820
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0395402
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-35660
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0422530
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0457968
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0427625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0387827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0658796
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0545459
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0447790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02467497
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04360
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07575
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06241
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01771
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0688
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020635
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98960
IRS990ScheduleA/PublicSupportPY170Pct00.99350
IRS990ScheduleA/PublicSupportTotal170Amt02462260
IRS990ScheduleA/SubstantialContributorsTotAmt05237
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0427625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0387827
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0658796
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0545459
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0447790
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02467497
IRS990ScheduleA/TotalSupportAmt02488132
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt021600
IRS990ScheduleD/DonatedServicesUseFcltsAmt021600
IRS990ScheduleD/EquipmentGrp/BookValueAmt02391
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036307
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038698
IRS990ScheduleD/ExpensesNotReportedAmt021600
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02785
IRS990ScheduleD/ExpensesSubtotalAmt0464860
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02785
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02785
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt183557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1AGENCY FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0267248
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATE OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt020933
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02785
IRS990ScheduleD/RevenueSubtotalAmt0429200
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE BENEFIT OF ANY UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION ARE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02391
IRS990ScheduleD/TotalBookValueSecuritiesAmt0267248
IRS990ScheduleD/TotalExpensesPerForm990Amt0467645
IRS990ScheduleD/TotalLiabilityAmt096582
IRS990ScheduleD/TotalRevenuePerForm990Amt0431985
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0450133
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0486460
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE, THE PRESIDENT AND THE BUSINESS SERVICES MANAGER PRIOR TO FILING. COPIES OF THE 990 ARE THEN MADE AVAILABLE TO THE GOVERNING BODY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND STAFF ARE EXPECTED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AT THE FIRST AVAILABLE OPPORTUNITY. THE CODE OF ETHICS AND CONFLICTS OF INTEREST POLICY ARE SIGNED BY BOARD MEMBERS AND STAFF ANNUALLY. IN THE EVENT OF AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PARTY LEAVES THE MEETING AND THE REMAINING BOARD MEMBERS REVIEW, DISCUSS AND VOTE ON THE ARRANGEMENT. ALL PERTINENT INFORMATION REGARDING THE CONFLICT OF INTEREST IS NOTED IN THE MINUTES FOR THAT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DELIBERATES AND DECIDES THE COMPENSATION OF THE PRESIDENT. AN EMPLOYMENT AGREEMENT IS ON FILE WHICH SETS FORTH A PERFORMANCE REVIEW AT THE END OF THE FIRST TWELVE MONTHS OF EMPLOYMENT AT WHICH TIME THERE MAY BE A SALARY ADJUSTMENT. A PERFORMANCE BASED INCENTIVE PAYMENT SCHEME SHALL BE PROPOSED AND, SUBJECT TO MUTUAL AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BY-LAWS ARE AVAILABLE FROM THE ORGANIZATION'S WEBSITE. REQUESTS FOR OTHER GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING: PROGRAM SERVICE EXPENSES 11,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,000. STRATEGIC PLAN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,000. FEASIBILITY STUDY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 25,500. TOTAL EXPENSES 25,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0923141
IRS990/TotalAssetsEOYAmt0930074
IRS990/TotalAssetsGrp/BOYAmt0923141
IRS990/TotalAssetsGrp/EOYAmt0930074
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0427625
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030301
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079480

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$930,074
Liabilities
$146,130
Net assets
$783,944
Revenue
$431,985
Expenses
$467,645
Net income
-$35,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.02$1.23$0.53$0.65$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.04$1.34$0.52$0.53$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.02$1.36$1.33$0.69$0.64
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.13$0.74$0.40$0.45$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.15$0.78$0.43$0.47$0.04
2019Summary only. Only limited summary data is available for this year.$0.92$0.10$0.82$0.40$0.34$0.05
2018Summary only. Only limited summary data is available for this year.$0.79$0.02$0.77$0.67$0.71$0.04
2017Summary only. Only limited summary data is available for this year.$0.83$0.03$0.81$0.54$0.61$0.06
2016Summary only. Only limited summary data is available for this year.$0.95$0.08$0.87$0.45$0.54$0.10
2015Summary only. Only limited summary data is available for this year.$1.04$0.08$0.96$0.53$0.61$0.09
2014Summary only. Only limited summary data is available for this year.$1.08$0.03$1.05$0.95$0.43$0.52
2013Summary only. Only limited summary data is available for this year.$0.71$0.19$0.53$0.38$0.41$0.03
2012Summary only. Only limited summary data is available for this year.$0.81$0.25$0.56$0.55$0.49$0.07