Civic Intelligence

Family Resources of Cherokee County Inc

EIN 56-2085819 • 501(c)3 • Murphy, NC

Profile

Strengthening communities through family centered, therapeutic, educational and supportive services.

PO Box 1216Murphy, NC 28906
Siviq Scores

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

Liabilities / Assets

96th percentile

2.00x

Higher debt load relative to assets than 96% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.24x

Higher debt load relative to revenue than 88% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2019

Net Margin

25th percentile

-5.9%

Higher net margin than 25% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2019

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE P • <$500k nonprofits • Source year 2019

Asset Growth

39th percentile

-5.6%

Faster asset growth than 39% of similar nonprofits.

NTEE P • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

NTEE P • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$26,938

Down $1,603 (-5.6%) from 2018

Liabilities

Up

$53,947

Up $11,460 (+27%) from 2018

Net Assets

Down

-$27,009

Down $13,063 (-94%) from 2018

Revenue

Up

$221,507

Up $26,129 (+13%) from 2018

Expenses

Down

$234,570

Down $17,684 (-7.0%) from 2018

Net Income

Up

-$13,063

Up $43,813 (+77%) from 2018

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2011: $71,999Liabilities 2011: $14,595Net Assets 2011: $57,4042011Assets 2012: $70,093Liabilities 2012: $13,060Net Assets 2012: $57,0332012Assets 2013: $84,600Liabilities 2013: $21,647Net Assets 2013: $62,9532013Assets 2014: $75,338Liabilities 2014: $35,208Net Assets 2014: $40,1302014Assets 2015: $73,269Liabilities 2015: $34,528Net Assets 2015: $38,7412015Assets 2016: $105,811Liabilities 2016: $12,286Net Assets 2016: $93,5252016Assets 2017: $51,018Liabilities 2017: $8,088Net Assets 2017: $42,9302017Assets 2018: $28,541Liabilities 2018: $42,487Net Assets 2018: -$13,9462018Assets 2019: $26,938Liabilities 2019: $53,947Net Assets 2019: -$27,0092019

Highlighted filing

2019

Assets$26,938
Liabilities$53,947
Net Assets-$27,009

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $413,6762011Expenses 2012: $273,8342012Expenses 2013: $298,2172013Revenue 2014: $350,365Expenses 2014: $373,188Net Income 2014: -$22,8232014Revenue 2015: $333,614Expenses 2015: $335,003Net Income 2015: -$1,3892015Revenue 2016: $413,734Expenses 2016: $358,950Net Income 2016: $54,7842016Revenue 2017: $296,440Expenses 2017: $347,035Net Income 2017: -$50,5952017Revenue 2018: $195,378Expenses 2018: $252,254Net Income 2018: -$56,8762018Revenue 2019: $221,507Expenses 2019: $234,570Net Income 2019: -$13,0632019

Highlighted filing

2019

Revenue$221,507
Expenses$234,570
Net Income-$13,063

Filings

Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 1, 2018
Return Version
2017v2.2
Gross Receipts
$195,378
Mission and Program Overview

Mission

Strengthening communities through family centered, therapeutic, educational and supportive services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$12,886$20,603▲ $7,717
Land, Buildings, and Equipment, Net$10,990$10,990→ $0
Inventories for Sale or Use$4,000$4,000→ $0
Cash and Non-Interest-Bearing Accounts$23,142$-7,052▼ $30,194
Total Assets$51,018$28,541▼ $22,477
Liabilities
Accounts Payable and Accrued Expenses$8,088$42,487▲ $34,399
Total Liabilities$8,088$42,487▲ $34,399
Net Assets / Fund Balance
Temporarily Rstr Net Assets$56,111$56,111→ $0
Unrestricted Net Assets$-13,181$-70,057▼ $56,876
Total Net Assets Fund Balance$42,930$-13,946▼ $56,876
Total Liabilities and Net Assets / Fund Balance$51,018$28,541▼ $22,477

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,990$22,387-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christy ArmstrongExecutive Director
Shahada H LloydSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$13,700
Program Service Revenue
$157,434
Investment Income
$0
Other Revenue
$24,244
All Other Contributions
$13,700
Change in Net Assets
$-56,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$145,511
Salaries, Compensation, and Employee Benefits$106,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,981$2,594-$95,575
Other Expenses$56,803$1,519-$56,803
Occupancy$17,324$1,019-$18,343
All Other Expenses$9,443$200-$9,643
Payroll Taxes$8,826--$8,826
Travel$4,652$2,672-$7,324
Depreciation Depletion$4,631--$4,631
Insurance$3,172$724-$3,896
Fees for Services Accounting$2,026$350-$2,376
Other Employee Benefits$2,304$38-$2,342
Advertising$825--$825
Interest$552--$552
Total Functional Expenses$239,560$12,694$0$252,254
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,268
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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

Copies of the return will be provided to the board before filing

Conflict of interest policy compliance Part VI line 12C

Director and board members are made aware of any conflicts of interest when they arise; directors with conflicts are excused from making decisions on or about the subject matter

Governing documents etc available to public Part VI line 19

Documents are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Family Resources of Cherokee County Inc
EIN
56-2085819
Address
PO BOX 1216, MURPHY, NC 28906

Signing Officer

Name
Christy Armstrong
Title
Director
Phone
8288373460
Signed
2018-10-01
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
6

Preparer

Firm
TURNER & COMPANY CPAs PA
Address
31 PEACHTREE ST, Murphy, NC 28906
Preparer
Lawrence C Turner CPA
Phone
8288378188
Supplemental Narrative

Additional Explanations

Amended return information

The taxpayer wants to change the description of one of the sources of revenue from governors crime commission to childrens trust fund.

Raw XML Appendix335 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAXPAYER WANTS TO CHANGE THE DESCRIPTION OF ONE OF THE SOURCES OF REVENUE FROM GOVERNORS CRIME COMMISSION TO CHILDRENS TRUST FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE RETURN WILL BE PROVIDED TO THE BOARD BEFORE FILING
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAMILY RESOURCES OF CHEROKEE COUNTY INC
ReturnHeader/Filer/BusinessNameControlTxt0FAMI
ReturnHeader/Filer/EIN0562085819
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1216
ReturnHeader/Filer/USAddress/CityNm0MURPHY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028906
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId032073ECF595666ACD4920E4CABC31B7B58D5C319
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId032073ECF595666ACD4920E4CABC31B7B58D5C319
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06995752019143dtlzpku
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-23
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.55.54.19
ReturnHeader/FilingSecurityInformation/IPDt02019-05-23
ReturnHeader/FilingSecurityInformation/IPTm016:56:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561225077
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TURNER & COMPANY CPAs PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt031 PEACHTREE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Murphy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028906
ReturnHeader/PreparerPersonGrp/PhoneNum08288378188
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAWRENCE C TURNER CPA
ReturnHeader/ReturnTs02019-05-22T13:45:40-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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