Civic Intelligence

Alleghany County Economic Developme

EIN 56-2074735 • 501(c)6 • Sparta, NC

Profile

Promoting economic development within allewghany county

115 Atwood StreetSparta, NC 28675
Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

99th percentile

83%

Higher net margin than 99% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

7th percentile

-93%

Faster asset growth than 7% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

0.5%

Faster revenue growth than 49% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$109,183

Down $1,441,009 (-93%) from 2018

Liabilities

Down

$0

Down $192,868 (-100%) from 2018

Net Assets

Down

$109,183

Down $1,248,141 (-92%) from 2018

Operations
Liabilities / Revenue50th percentileNet Margin99th percentile

Revenue

Up

$2,985

Up $16 (+0.5%) from 2018

Expenses

Up

$505

Up $30 (+6.3%) from 2018

Net Income

Down

$2,480

Down $14 (-0.6%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,559,609Liabilities 2010: $105,439Net Assets 2010: $1,454,1702010Assets 2011: $1,624,150Liabilities 2011: $172,867Net Assets 2011: $1,451,2832011Assets 2012: $1,542,093Liabilities 2012: $192,866Net Assets 2012: $1,349,2272012Assets 2013: $1,541,039Liabilities 2013: $192,866Net Assets 2013: $1,348,1732013Assets 2014: $1,540,585Liabilities 2014: $192,866Net Assets 2014: $1,347,7192014Assets 2015: $1,542,969Liabilities 2015: $192,866Net Assets 2015: $1,350,1032015Assets 2016: $1,545,346Liabilities 2016: $192,867Net Assets 2016: $1,352,4792016Assets 2017: $1,547,698Liabilities 2017: $192,868Net Assets 2017: $1,354,8302017Assets 2018: $1,550,192Liabilities 2018: $192,868Net Assets 2018: $1,357,3242018Assets 2019: $109,183Liabilities 2019: $0Net Assets 2019: $109,1832019

Highlighted filing

2019

Assets$109,183
Liabilities$0
Net Assets$109,183
Open 2019 Filing

Operations Trend

Revenue Growth49th percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $101,9112010Expenses 2011: $6272011Expenses 2012: $105,6252012Revenue 2013: $2,946Expenses 2013: $4,000Net Income 2013: -$1,0542013Revenue 2014: $47Expenses 2014: $500Net Income 2014: -$4532014Revenue 2015: $2,934Expenses 2015: $550Net Income 2015: $2,3842015Revenue 2016: $2,926Expenses 2016: $550Net Income 2016: $2,3762016Revenue 2017: $2,926Expenses 2017: $575Net Income 2017: $2,3512017Revenue 2018: $2,969Expenses 2018: $475Net Income 2018: $2,4942018Revenue 2019: $2,985Expenses 2019: $505Net Income 2019: $2,4802019

Highlighted filing

2019

Revenue$2,985
Expenses$505
Net Income$2,480
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$109,183
Liabilities
$0
Net assets
$109,183
Revenue
$2,985
Expenses
$505
Net income
$2,480
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.55$0.19$1.36$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.55$0.19$1.35$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.55$0.19$1.35$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.54$0.19$1.35$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.54$0.19$1.35$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.54$0.19$1.35$0.00$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.19$1.35$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.17$1.45$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.11$1.45$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 15, 2021
Return Version
2019v5.1
Gross Receipts
$2,985
Mission and Program Overview

Mission

Promoting economic development within allewghany county

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,443,489--
Cash and Non-Interest-Bearing Accounts$70,482$72,962▲ $2,480
Other Notes and Loans Receivable, Net$36,221$36,221→ $0
Total Assets$1,550,192$109,183▼ $1,441,009
Liabilities
Mortgage Notes Payable Secured by Investment Property$192,868--
Total Liabilities$192,868$0▼ $192,868
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,357,324$109,183▼ $1,248,141
Total Net Assets Fund Balance$1,357,324$109,183▼ $1,248,141
Total Liabilities and Net Assets / Fund Balance$1,550,192$109,183▼ $1,441,009
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bryan EdwardsDirector
Dale CavenyDirector
Dennis GambillDirector
Jim HalseyDirector
John MillerDirector
Kaye RoyalDirector
Martha McknightDirector
Mitch FranklinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,900
Program Service Revenue
$0
Investment Income
$85
Other Revenue
$0
Change in Net Assets
$2,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$475-$475
All Other Expenses-$30-$30
Total Functional Expenses$0$505$0$505
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
In-house lobbying only
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The board is appointed by the elected governmental officials in alleghany county and the town of sparta to oversee and manage the economic development funds and project in alleghany county. They meet as needed and develop policies and review project development for the organization.”

Governing documents etc available to public Part VI line 19

“The tax returns and all appropriate records and documents are available for public inspention upon request. The tax return is available on guidestar.com on the internet, the accountants office and the organizations business office.”

Filing and Contact Details

Filer

Filer Name
Alleghany County Economic Developme
EIN
56-2074735
Address
115 ATWOOD STREET, Sparta, NC 28675

Signing Officer

Name
Dale Caveny
Title
Director
Phone
3363724257
Signed
2021-09-15
Discuss with paid preparer
No

Organization Details

Formed
1998
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
David M Osborne Ea
Address
PO BOX 368, Sparta, NC 28675
Preparer
David M Osborne
Phone
3363725578
Supplemental Narrative

Additional Explanations

Amended return information

“Assets and loans were corrected to be moved from this non profit and taken over by a different non profit agency”

Explanation of other changes in net assets or fund balances Part XI line 9

“There had been interest paid on a loan receivable that had not been posted as other income as well as the principalan adjustment was made to the fund balance to show this additional income reduced in prior years in the amount of 3191 that was actually a reduction in the loan receivable. Magnolia land was transfered to magnolia”

Raw XML Appendix290 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSETS AND LOANS WERE CORRECTED TO BE MOVED FROM THIS NON PROFIT AND TAKEN OVER BY A DIFFERENT NON PROFIT AGENCY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS APPOINTED BY THE ELECTED GOVERNMENTAL OFFICIALS IN ALLEGHANY COUNTY AND THE TOWN OF SPARTA TO OVERSEE AND MANAGE THE ECONOMIC DEVELOPMENT FUNDS AND PROJECT IN ALLEGHANY COUNTY. THEY MEET AS NEEDED AND DEVELOP POLICIES AND REVIEW PROJECT DEVELOPMENT FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TAX RETURNS AND ALL APPROPRIATE RECORDS AND DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPENTION UPON REQUEST. THE TAX RETURN IS AVAILABLE ON GUIDESTAR.COM ON THE INTERNET, THE ACCOUNTANTS OFFICE AND THE ORGANIZATIONS BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAD BEEN INTEREST PAID ON A LOAN RECEIVABLE THAT HAD NOT BEEN POSTED AS OTHER INCOME AS WELL AS THE PRINCIPALAN ADJUSTMENT WAS MADE TO THE FUND BALANCE TO SHOW THIS ADDITIONAL INCOME REDUCED IN PRIOR YEARS IN THE AMOUNT OF 3191 THAT WAS ACTUALLY A REDUCTION IN THE LOAN RECEIVABLE. MAGNOLIA LAND WAS TRANSFERED TO MAGNOLIA
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum03363724257
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALLEGHANY COUNTY ECONOMIC DEVELOPME
ReturnHeader/Filer/BusinessNameControlTxt0ALLE
ReturnHeader/Filer/EIN0562074735
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 ATWOOD STREET
ReturnHeader/Filer/USAddress/CityNm0Sparta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028675
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561923084
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID M OSBORNE EA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 368
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sparta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028675
ReturnHeader/PreparerPersonGrp/PhoneNum03363725578
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID M OSBORNE
ReturnHeader/ReturnTs02021-09-15T14:00:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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