Civic Intelligence

Fayetteville State University Development Corporation

990 • Fiscal year 2014 • EIN 56-2144768

Jul 01, 2013 to Jun 30, 2014 • Filed on Aug 11, 2014

Organization ProfileN/A
1200 Murchison Road28301

(910) 672-1111

Siviq Scores

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

Liabilities / Assets

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.52x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Asset Growth

62nd percentile

4.7%

Faster asset growth than 62% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

33rd percentile

-2.9%

Faster revenue growth than 33% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$1,275,579

Up $57,511 (+4.7%) from 2013

Net Assets

Up

$1,214,389

Up $66,954 (+5.8%) from 2013

Liabilities

Down

$61,190

Down $9,443 (-13%) from 2013

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin91st percentile

Revenue

$117,995

No earlier filing loaded for comparison.

Expenses

Down

$51,041

Down $4,761 (-8.5%) from 2013

Net Income

$66,954

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,144,652Liabilities 2011: $84,498Net Assets 2011: $1,060,1542011Assets 2012: $1,168,669Liabilities 2012: $78,537Net Assets 2012: $1,090,1322012Assets 2013: $1,218,068Liabilities 2013: $70,633Net Assets 2013: $1,147,4352013Assets 2014: $1,275,579Liabilities 2014: $61,190Net Assets 2014: $1,214,3892014Assets 2015: $1,345,296Liabilities 2015: $54,997Net Assets 2015: $1,290,2992015Assets 2016: $1,358,413Liabilities 2016: $43,277Net Assets 2016: $1,315,1362016Assets 2017: $1,397,363Liabilities 2017: $37,602Net Assets 2017: $1,359,7612017Assets 2018: $1,448,219Liabilities 2018: $25,557Net Assets 2018: $1,422,6622018Assets 2019: $1,522,406Liabilities 2019: $19,498Net Assets 2019: $1,502,9082019Assets 2020: $1,593,193Liabilities 2020: $5,883Net Assets 2020: $1,587,3102020Assets 2021: $1,689,724Liabilities 2021: $0Net Assets 2021: $1,689,7242021Assets 2022: $1,870,709Liabilities 2022: $0Net Assets 2022: $1,870,7092022Assets 2023: $2,059,687Liabilities 2023: $0Net Assets 2023: $2,059,6872023Assets 2024: $1,548,348Liabilities 2024: $0Net Assets 2024: $1,548,3482024

Highlighted filing

2014

Assets$1,275,579
Liabilities$61,190
Net Assets$1,214,389
Open 2014 Filing

Operations Trend

Revenue Growth33rd percentile

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

$500K$0-$500K-$1.0MRevenue 2011: $128,960Expenses 2011: $59,213Net Income 2011: $69,7472011Expenses 2012: $61,4652012Expenses 2013: $55,8022013Revenue 2014: $117,995Expenses 2014: $51,041Net Income 2014: $66,9542014Revenue 2015: $127,231Expenses 2015: $51,321Net Income 2015: $75,9102015Revenue 2016: $68,731Expenses 2016: $43,894Net Income 2016: $24,8372016Revenue 2017: $87,432Expenses 2017: $42,807Net Income 2017: $44,6252017Revenue 2018: $95,194Expenses 2018: $32,293Net Income 2018: $62,9012018Revenue 2019: $134,699Expenses 2019: $54,453Net Income 2019: $80,2462019Revenue 2020: $116,875Expenses 2020: $32,473Net Income 2020: $84,4022020Revenue 2021: $123,995Expenses 2021: $21,581Net Income 2021: $102,4142021Revenue 2022: $217,649Expenses 2022: $36,665Net Income 2022: $180,9842022Revenue 2023: $279,813Expenses 2023: $90,835Net Income 2023: $188,9782023Revenue 2024: -$64,983Expenses 2024: $446,355Net Income 2024: -$511,3382024

Highlighted filing

2014

Revenue$117,995
Expenses$51,041
Net Income$66,954
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Aug 11, 2014
Return Version
2013v3.1
Gross Receipts
$117,995
Mission and Program Overview

Mission

Business development using business incubator for area surrounding fsu campus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$522,713$508,087▼ $14,626
Cash and Non-Interest-Bearing Accounts$9,188$6,694▼ $2,494
Accounts Receivable-$2,668-
Total Assets$1,218,068$1,275,579▲ $57,511
Other Assets Total$686,167$758,130▲ $71,963
Liabilities
Other Liabilities$69,658$61,190▼ $8,468
Accounts Payable and Accrued Expenses$975--
Total Liabilities$70,633$61,190▼ $9,443
Net Assets / Fund Balance
Unrestricted Net Assets$1,147,435$1,214,389▲ $66,954
Total Net Assets Fund Balance$1,147,435$1,214,389▲ $66,954
Total Liabilities and Net Assets / Fund Balance$1,218,068$1,275,579▲ $57,511

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$363,019$166,949$529,968
Land$140,549-$140,549
Equipment$4,519$23,260$27,779
Other Assets Org$758,130--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Julian BrownChairperson
Carrie SuttonVice Chairpe
Benson OtovoDirector
Emily DickensDirector
James AndersonDirector
Olivia ChavisDirector
Robert BotleyDirector
Ulysses TaylorDirector
Del MattioliSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$117,993
Change in Net Assets
$66,954

Audited Revenue Reconciliation

Revenue per Audited Statements
$117,995
Total Revenue per Audited Statements
$117,995
Total Revenue per Form 990
$117,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,041
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
Depreciation Depletion$11,701$2,925-$14,626
All Other Expenses$4,456$1,114-$5,570
Insurance$3,508$877-$4,385
Fees for Services Accounting-$3,750-$3,750
Other Expenses$2,956$740-$3,696
Office Expenses$115$459-$574
Total Functional Expenses$37,488$13,553$0$51,041

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$51,041
Total Expenses per Audited Statements$51,041
Total Expenses per Form 990$51,041
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
Notes Payable$73,530
Discount on Non-interest Notes$-12,340
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“Form 990 is provided and reviewed by the board of directors prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“N/a; entity has no employees.”

Form 990, Page 6, Part VI, Line 15B

“N/a; entity has no employees.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

EIN
56-2144768
Phone
9106721111

Signing Officer

Name
Julian Brown
Title
Chairperson
Phone
9106721111
Signed
2014-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julian Brown
Formed
1999
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Preparer
Larry L Bass
Phone
9104840145
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers engage in business development using business incubator for area surrounding fsu campus.”

Form 990, Page 2, Part III, Line 4D

“Business development using business incubator for area surrounding fsu campus.”

Form 990, Part IX, Line 24E

“Janitorial 1,920 480 0 repairs/services 1,772 443 0 membership dues 764 191 0”

Raw XML Appendix383 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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt059653
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt080784
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0259813
IRS990ScheduleA/TotalSupportAmt0361387
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0363019
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0166949
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0529968
IRS990ScheduleD/EquipmentGrp/BookValueAmt04519
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023260
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027779
IRS990ScheduleD/ExpensesSubtotalAmt051041
IRS990ScheduleD/LandGrp/BookValueAmt0140549
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0140549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0758130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS IN PARTNERSHIP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt073530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-12340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DISCOUNT ON NON-INTEREST NOTES
IRS990ScheduleD/RevenueSubtotalAmt0117995
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0508087
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0758130
IRS990ScheduleD/TotalExpensesPerForm990Amt051041
IRS990ScheduleD/TotalLiabilityAmt061190
IRS990ScheduleD/TotalRevenuePerForm990Amt0117995
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0117995
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt051041
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ENGAGE IN BUSINESS DEVELOPMENT USING BUSINESS INCUBATOR FOR AREA SURROUNDING FSU CAMPUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BUSINESS DEVELOPMENT USING BUSINESS INCUBATOR FOR AREA SURROUNDING FSU CAMPUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3N/A; ENTITY HAS NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4N/A; ENTITY HAS NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6JANITORIAL 1,920 480 0 REPAIRS/SERVICES 1,772 443 0 MEMBERSHIP DUES 764 191 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01218068
IRS990/TotalAssetsEOYAmt01275579
IRS990/TotalAssetsGrp/BOYAmt01218068
IRS990/TotalAssetsGrp/EOYAmt01275579
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013553
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt037488
IRS990/TotalFunctionalExpensesGrp/TotalAmt051041
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070633
IRS990/TotalLiabilitiesEOYAmt061190
IRS990/TotalLiabilitiesGrp/BOYAmt070633
IRS990/TotalLiabilitiesGrp/EOYAmt061190
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01147435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01214389
IRS990/TotalProgramServiceExpensesAmt037488
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0117995
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0117995
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01218068
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01275579
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01147435
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01214389
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101200 MURCHISON ROAD
IRS990/USAddress/City0FAYETTEVILLE
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028301
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIAN BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum09106721111
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10FAYETTEVILLE STATE UNIVERSITY
ReturnHeader/Filer/BusinessName/BusinessNameLine20DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0FAYE
ReturnHeader/Filer/EIN0562144768
ReturnHeader/Filer/PhoneNum09106721111
ReturnHeader/Filer/USAddress/AddressLine101200 MURCHISON ROAD
ReturnHeader/Filer/USAddress/City0FAYETTEVILLE
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561057695
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BUIE NORMAN & CO PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 87047
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0FAYETTEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode028304
ReturnHeader/PreparerPersonGrp/PhoneNum09104840145
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY L BASS
ReturnHeader/ReturnTs02014-11-17T12:09:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,275,579
Liabilities
$61,190
Net assets
$1,214,389
Revenue
$117,995
Expenses
$51,041
Net income
$66,954
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.00$1.55$0.06$0.45$0.51
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.00$2.06$0.28$0.09$0.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.00$1.87$0.22$0.04$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.00$1.69$0.12$0.02$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.01$1.59$0.12$0.03$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.02$1.50$0.13$0.05$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.03$1.42$0.10$0.03$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.04$1.36$0.09$0.04$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.04$1.32$0.07$0.04$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.35$0.05$1.29$0.13$0.05$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.28$0.06$1.21$0.12$0.05$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.07$1.15$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.08$1.09$0.06
2011Summary only. Only limited summary data is available for this year.$1.14$0.08$1.06$0.13$0.06$0.07
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits