Civic Intelligence

Chatham County Economic Development Corporation

990 • Fiscal year 2022 • EIN 56-2048401

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

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

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Net Margin

87th percentile

48%

Higher net margin than 87% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$141,369

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Asset Growth

87th percentile

59%

Faster asset growth than 87% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

235%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$1,387,229

Up $513,044 (+59%) from 2021

Net Assets

Up

$1,363,035

Up $620,124 (+83%) from 2021

Liabilities

Down

$24,194

Down $107,080 (-82%) from 2021

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin87th percentile

Revenue

Up

$1,328,079

Up $931,444 (+235%) from 2021

Expenses

Up

$692,724

Up $241,708 (+54%) from 2021

Net Income

Up

$635,355

Up $689,736 (+1268%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2022

Assets$1,387,229
Liabilities$24,194
Net Assets$1,363,035
Open 2022 Filing

Operations Trend

Revenue Growth96th 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

2022

Revenue$1,328,079
Expenses$692,724
Net Income$635,355
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$1,338,429
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
Pledges and Grants Receivable-$653,441-
Investments Other Securities$292,781$292,999▲ $218
Savings and Temporary Cash Investments$372,973$240,505▼ $132,468
Investments in Publicly Traded Securities$111,645$120,147▲ $8,502
Cash and Non-Interest-Bearing Accounts$78,383$72,499▼ $5,884
Accounts Receivable$5,831--
Prepaid Expenses and Deferred Charges$9,623$4,659▼ $4,964
Land, Buildings, and Equipment, Net$2,949$2,979▲ $30
Total Assets$874,185$1,387,229▲ $513,044
Liabilities
Accounts Payable and Accrued Expenses$44,964$15,684▼ $29,280
Other Liabilities$86,310$8,510▼ $77,800
Total Liabilities$131,274$24,194▼ $107,080
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$742,911$1,363,035▲ $620,124
Total Net Assets Fund Balance$742,911$1,363,035▲ $620,124
Total Liabilities and Net Assets / Fund Balance$874,185$1,387,229▲ $513,044

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,979$38,406$41,385
Other Securities$292,999--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
C Michael SmithPresidentFT$120,212$21,157$141,369

Board Members and Trustees

NameTitle
Greg LewisChair
Jeff WilsonPast Chair
Chreatha AlstonVice Chair
Antonio McbroomDirector
Debbie AndletonDirector
Jennifer PlattDirector
Shannon BeckerDirector
Taylor HobbsDirector
Craig WoodSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Convergent Nonprofit Solutions LLCCapital Campaign Management520 SHERITAN WAY, Smyrna, GA 30082$130,775
Revenue and Support

Revenue Composition

Contributions and Grants
$1,320,298
Program Service Revenue
$0
Investment Income
$7,781
Other Revenue
$0
All Other Contributions
$852,691
Change in Net Assets
$635,355

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,325,146
Revenue Not Reported on Financial Statements
$2,933
Revenue Not Reported on Form 990
$11,769
Total Revenue per Audited Statements
$1,336,915
Total Revenue per Form 990
$1,328,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$381,934
Other Expenses$152,765
Total Fundraising Expense$140,993
Professional Fundraising Fees$83,025
Grants and Similar Amounts Paid$75,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,488$51,620$11,480$155,588
Current Officers, Directors, Trustees, and Key Employees$97,090$32,363$17,653$147,106
Fees for Services Professional Fundraising--$83,025$83,025
Advertising$60,716--$60,716
Grants to Domestic Orgs$53,370--$53,370
Other Employee Benefits$25,212$8,950$1,537$35,699
Fees for Services Other$4,095$13,595$12,399$30,089
Payroll Taxes$14,774$6,460$2,161$23,395
Grants to Domestic Individuals$21,630--$21,630
Pension Plan Contributions$12,827$5,496$1,823$20,146
Travel$8,768-$7,924$16,692
Fees for Services Accounting-$12,200-$12,200
Conferences and Meetings$8,938$414-$9,352
Insurance$3,326$1,109-$4,435
Office Expenses$2,113$936$513$3,562
Fees for Service Investment Mgmnt Fees-$2,933-$2,933
Fees for Services Legal$1,940--$1,940
Other Expenses$1,186$525$182$1,893
Depreciation Depletion$723$321$111$1,155
All Other Expenses$445$197$69$711
Total Functional Expenses$413,436$138,295$140,993$692,724

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$716,791
Total Expenses per Form 990$692,724
Expenses per Audited Statements$689,791
Expenses Not Reported on Form 990$27,000
Expenses Not Reported on Financial Statements$2,933
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$83,025
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation$7,722
Agency Funds$788
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 finance committee 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 each fiscal year of employment at which time there may be a salary adjustment.”

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
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Lewis
Formed
1997
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
25

Preparer

Firm
Dean Dorton Allen Ford Pllc
Address
4060 BARRETT DRIVE, RALEIGH, NC 27609
Preparer
Paul B Miller
Phone
9197829265
Supplemental Narrative

Additional Explanations

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/LandBldgEquipBasisNetGrp/BOYAmt02949
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02979
IRS990/LandBldgEquipCostOrOtherBssAmt041385
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt010350
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
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/NetAssetsOrFundBalancesBOYAmt0742911
IRS990/NetAssetsOrFundBalancesEOYAmt01363035
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05288
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05288
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-15231
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0742911
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01363035
IRS990/NoncashContributionsAmt025000
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0513
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0936
IRS990/OfficeExpensesGrp/ProgramServicesAmt02113
IRS990/OfficeExpensesGrp/TotalAmt03562
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01537
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08950
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025212
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035699
IRS990/OtherExpensesGrp/Desc0DATABASES
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2CAMPAIGN KICKOFF EVENT
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt02116
IRS990/OtherExpensesGrp/FundraisingAmt1182
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01176
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1525
IRS990/OtherExpensesGrp/ProgramServicesAmt02619
IRS990/OtherExpensesGrp/ProgramServicesAmt11176
IRS990/OtherExpensesGrp/ProgramServicesAmt21186
IRS990/OtherExpensesGrp/TotalAmt02619
IRS990/OtherExpensesGrp/TotalAmt12352
IRS990/OtherExpensesGrp/TotalAmt22116
IRS990/OtherExpensesGrp/TotalAmt31893
IRS990/OtherLiabilitiesGrp/BOYAmt086310
IRS990/OtherLiabilitiesGrp/EOYAmt08510
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011480
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051620
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092488
IRS990/OtherSalariesAndWagesGrp/TotalAmt0155588
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02161
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06460
IRS990/PayrollTaxesGrp/ProgramServicesAmt014774
IRS990/PayrollTaxesGrp/TotalAmt023395
IRS990/PensionPlanContributionsGrp/FundraisingAmt01823
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05496
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012827
IRS990/PensionPlanContributionsGrp/TotalAmt020146
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0653441
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09623
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04659
IRS990/PrincipalOfficerNm0GREG LEWIS
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0394705
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01930
IRS990/PYOtherExpensesAmt0156628
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-54381
IRS990/PYSalariesCompEmpBnftPaidAmt0243638
IRS990/PYTotalExpensesAmt0451016
IRS990/PYTotalProfFndrsngExpnsAmt050750
IRS990/PYTotalRevenueAmt0396635
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0635355
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0372973
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0240505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01347298
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0394705
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0427625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0387827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0658796
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03216251
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07781
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01930
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04360
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07575
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06241
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt027887
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96670
IRS990ScheduleA/PublicSupportPY170Pct00.98640
IRS990ScheduleA/PublicSupportTotal170Amt03136017
IRS990ScheduleA/SubstantialContributorsTotAmt080234
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01347298
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0394705
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0427625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0387827
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0658796
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03216251
IRS990ScheduleA/TotalSupportAmt03244138
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/DonatedServicesAndUseFcltsAmt027000
IRS990ScheduleD/DonatedServicesUseFcltsAmt027000
IRS990ScheduleD/EquipmentGrp/BookValueAmt02979
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038406
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041385
IRS990ScheduleD/ExpensesNotReportedAmt027000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02933
IRS990ScheduleD/ExpensesSubtotalAmt0689791
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02933
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02933
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-15231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1788
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1AGENCY FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0292999
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATE OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt011769
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02933
IRS990ScheduleD/RevenueSubtotalAmt01325146
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/TotalBookValueLandBuildingsAmt02979
IRS990ScheduleD/TotalBookValueSecuritiesAmt0292999
IRS990ScheduleD/TotalExpensesPerForm990Amt0692724
IRS990ScheduleD/TotalLiabilityAmt08510
IRS990ScheduleD/TotalRevenuePerForm990Amt01328079
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01336915
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0716791
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0CAPITAL CAMPAIGN MANAGEMENT
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0988285
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0905260
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0CONVERGENT NONPROFIT SOLUTIONS LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt083025
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0520 SHERITAN WAY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0SMYRNA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd030082
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0NC
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT FEE IS $14,500 PER MONTH, PLUS EXPENSES. OUT-OF-POCKET TRAVEL EXPENSES REIMBURSED DIRECTLY TO CONVERGENT'S SAID AGENTS, CONTRACTORS, OR AFFILIATES UPON SUBMISSION OF AN EXPENSE REPORT AND APPROPRIATE SUPPORTING DOCUMENTATION. CHATHAM EDC WILL PAY DIRECTLY FOR ANY OTHER NECESSARY AND MUTUALLY AGREED UPON CAMPAIGN RELATED EXPENSES.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART I, LINE 2B, COLUMN (V)
IRS990ScheduleG/TotalGrossReceiptsAmt0988285
IRS990ScheduleG/TotalNetToOrganizationAmt0905260

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,387,229
Liabilities
$24,194
Net assets
$1,363,035
Revenue
$1,328,079
Expenses
$692,724
Net income
$635,355
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
2022Detailed filing. Detailed filing data is available for this year.$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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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