Civic Intelligence

Big Rock Foundation Inc.

990 • Fiscal year 2016 • EIN 56-2189146

Nov 01, 2015 to Oct 31, 2016 • Filed on Jan 23, 2017

3328 Bridges StreetMorehead City, NC 28557

(252) 247-4055

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

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

2016 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.00x

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

2016 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2016

Net Margin

91st percentile

81%

Higher net margin than 91% of similar nonprofits.

2016 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

Asset Growth

72nd percentile

17%

Faster asset growth than 72% of similar nonprofits.

2016 filings • NTEE T30 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

43%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • NTEE T30 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,817,190

Up $268,722 (+17%) from 2015

Net Assets

Up

$1,817,190

Up $268,722 (+17%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$332,492

Up $100,749 (+43%) from 2015

Expenses

Down

$63,770

Down $46,594 (-42%) from 2015

Net Income

Up

$268,722

Up $147,343 (+121%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,237,229Liabilities 2011: $0Net Assets 2011: $1,237,2292011Assets 2012: $1,483,908Liabilities 2012: $0Net Assets 2012: $1,483,9082012Assets 2013: $1,363,675Liabilities 2013: $10,859Net Assets 2013: $1,352,8162013Assets 2014: $1,427,089Liabilities 2014: $0Net Assets 2014: $1,427,0892014Assets 2015: $1,548,468Liabilities 2015: $0Net Assets 2015: $1,548,4682015Assets 2016: $1,817,190Liabilities 2016: $0Net Assets 2016: $1,817,1902016Assets 2017: $1,702,887Liabilities 2017: $0Net Assets 2017: $1,702,8872017Assets 2018: $1,791,983Liabilities 2018: $0Net Assets 2018: $1,791,9832018Assets 2019: $2,185,098Liabilities 2019: $0Net Assets 2019: $2,185,0942019Assets 2020: $2,456,522Liabilities 2020: $0Net Assets 2020: $2,456,5222020Assets 2021: $2,065,987Liabilities 2021: $0Net Assets 2021: $2,065,9872021Assets 2022: $4,292,311Liabilities 2022: $25,731Net Assets 2022: $4,266,5802022Assets 2023: $5,594,887Liabilities 2023: $90,181Net Assets 2023: $5,504,7062023Assets 2024: $5,601,466Liabilities 2024: $0Net Assets 2024: $5,601,4662024

Highlighted filing

2016

Assets$1,817,190
Liabilities$0
Net Assets$1,817,190

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $59,404Expenses 2011: $44,989Net Income 2011: $14,4152011Expenses 2012: $24,2112012Expenses 2013: $237,6482013Revenue 2014: $173,601Expenses 2014: $99,328Net Income 2014: $74,2732014Revenue 2015: $231,743Expenses 2015: $110,364Net Income 2015: $121,3792015Revenue 2016: $332,492Expenses 2016: $63,770Net Income 2016: $268,7222016Revenue 2017: $338,957Expenses 2017: $453,260Net Income 2017: -$114,3032017Revenue 2018: $147,356Expenses 2018: $58,260Net Income 2018: $89,0962018Revenue 2019: $545,025Expenses 2019: $151,914Net Income 2019: $393,1112019Revenue 2020: $381,844Expenses 2020: $110,416Net Income 2020: $271,4282020Revenue 2021: $154,426Expenses 2021: $544,961Net Income 2021: -$390,5352021Revenue 2022: $2,403,434Expenses 2022: $202,841Net Income 2022: $2,200,5932022Revenue 2023: $1,522,401Expenses 2023: $284,275Net Income 2023: $1,238,1262023Revenue 2024: $418,296Expenses 2024: $321,536Net Income 2024: $96,7602024

Highlighted filing

2016

Revenue$332,492
Expenses$63,770
Net Income$268,722
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Jan 23, 2017
Return Version
2015v3.0
Gross Receipts
$656,672
Mission and Program Overview

Mission

The organiation's primary exempt purpose is to provide assistance to child related and fish conservation related non-profit organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,548,468$1,817,190▲ $268,722
Land, Buildings, and Equipment, Net$778,712$765,442▼ $13,270
Investments in Publicly Traded Securities$645,512$744,900▲ $99,388
Savings and Temporary Cash Investments$655$228,193▲ $227,538
Cash and Non-Interest-Bearing Accounts$123,589$78,655▼ $44,934
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,548,468$1,817,190▲ $268,722
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,548,468$1,817,190▲ $268,722
Total Liabilities and Net Assets / Fund Balance$1,548,468$1,817,190▲ $268,722

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$498,745$18,799$517,544
Land$266,697-$266,697
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ben MoorePresident
Roger CroweVice President
Billy KornegayDirector
Carol LohrDirector
Casey WagnerDirector
Curtis StrangeDirector
Dale BrittDirector
Dew ForbesDirector
Howard BasnightDirector
Jack JordanDirector
Jim BaileyDirector
Joy BellDirector
Randy RamseyDirector
Richard CroweDirector
Thomas S Bennett JrSecretary
Mike ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$260,200
Program Service Revenue
$0
Investment Income
$22,594
Other Revenue
$49,698
All Other Contributions
$200
Change in Net Assets
$268,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$42,000
Other Expenses$21,770
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$42,000--$42,000
Depreciation Depletion-$13,270-$13,270
Other Expenses-$5,336-$5,336
Fees for Services Accounting-$3,164-$3,164
Total Functional Expenses$42,000$21,770$0$63,770
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Take a Kid FishingMorehead City, NC501 (c)3To provide funding for the children's transportation and boat charters$7,000
Broad Street ClinicMorehead City, NC501 (c)3To provide funding to local clinic in order to allow them to provide medical services for the unisured low income population of the community$5,000
East Carolina Council BSAKinston, NC501 (c)3To provide funding to the BSA Eastern Council for use to develop youth into responsible citizens.$5,000
History Museum of Carteret County (The History Place)Morehead City, NC501 (c)3To provide funding to enable the organization to make some much needed improvements to the auditorium and for new windows$5,000
Hope MissionMorehead City, NC501 (c)3To fund local organization's Emergency Financial Assistance which enable them to assist area residents who can't afford to pay their utility bills$5,000
Martha's MissionMorehead City, NC501 (c)3To provide funding for local organization to enable them to purchase new refrigerator/freezer$5,000
NC SymphonyRaleigh, NC501 (c)3To provide funding for concerts for Carteret County elementary schools$5,000
Station ClubMorehead City, NC501 (c)3To provide funding for local organization to enable them to continue to provide services for persons of Carteret and Onslow counties who face developmental challenges.$5,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Part VI, Section A, line 2

Randall Ramsey Michael Thompson The above Directors are shareholders in a corporation, Jarrett Bay Boatworks, Inc., which is generally a sponsor of the main fundraising event of Crystal Coast Tournament, Inc. The corporation manufactures large custom boats and also maintains a boat repair facility. The two directors above are also partners in Jarrett Bay Group, LLC which owns and leases the property to Jarrett Bay Boatworks, Inc. The LLC also leases a number of other commercial properties. Business Relationships: Randall Ramsey Michael Thompson

Form 990, Part VI, Section B, line 11

The Organization is given a draft copy of the completed Form 990. The Form 990 is reviewed by the Officers and Directors before finalizing.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents and financial statements available to the public upon request at it's office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Big Rock Foundation Inc
EIN
56-2189146
Phone
2522474055
Address
3328 Bridges Street, Morehead City, NC 28557

Signing Officer

Name
Tom Bennett
Title
Secretary
Phone
2522474055
Signed
2017-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Bennett
Formed
1999
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
3621 John Platt Drive, Morehead City, NC 28557
Preparer
Leon T Murdoch
Phone
2527260551
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IRS990/PYRevenuesLessExpensesAmt0121379
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0110364
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0231743
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0268722
IRS990/RelatedEntityInd01
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IRS990/RentalIncomeOrLossGrp/RealAmt049698
IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherAssetsInd00
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IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01548468
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01817190
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0655
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0228193
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt050500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Crystal Coast Tournament Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt050500
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/CashGrantAmt15000
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IRS990ScheduleI/RecipientTable/CashGrantAmt45000
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IRS990ScheduleI/RecipientTable/CashGrantAmt67000
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To provide funding for concerts for Carteret County elementary schools
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To provide funding to local clinic in order to allow them to provide medical services for the unisured low income population of the community
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2To provide funding for local organization to enable them to continue to provide services for persons of Carteret and Onslow counties who face developmental challenges.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3To provide funding for local organization to enable them to purchase new refrigerator/freezer
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4To provide funding to the BSA Eastern Council for use to develop youth into responsible citizens.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5To fund local organization's Emergency Financial Assistance which enable them to assist area residents who can't afford to pay their utility bills
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6To provide funding for the children's transportation and boat charters
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7To provide funding to enable the organization to make some much needed improvements to the auditorium and for new windows
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NC Symphony
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Broad Street Clinic
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Station Club
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Martha's Mission
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4East Carolina Council BSA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Hope Mission
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Take a Kid Fishing
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7History Museum of Carteret County (The History Place)
IRS990ScheduleI/RecipientTable/RecipientEIN0560556755
IRS990ScheduleI/RecipientTable/RecipientEIN1561853604
IRS990ScheduleI/RecipientTable/RecipientEIN2560936909
IRS990ScheduleI/RecipientTable/RecipientEIN3561547155
IRS990ScheduleI/RecipientTable/RecipientEIN4560543221
IRS990ScheduleI/RecipientTable/RecipientEIN5561757998
IRS990ScheduleI/RecipientTable/RecipientEIN6561959936
IRS990ScheduleI/RecipientTable/RecipientEIN7561480247
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03700 Glenwood Ave Suite 130
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1534 N 35th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2306 Church Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3901 Bay Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4313 Boy Scout Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51412 Bridges Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6PO Box 1191
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt71008 Arendell Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Raleigh
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Morehead City
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Morehead City
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Morehead City
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Kinston
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Morehead City
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Morehead City
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Morehead City
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027612
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128557
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd228557
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd328557
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd428501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd528557
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd628557
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd728557
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0In the past, the board would review applications each July to determine if the charity qualified for funding and if the organization fit with our giving decisions. Since 2007, the board has focused on a select core group of charities who are qualified (verified they are 501 C 3 organizations, certificate required with each) and are the closest fit to our mission statement. Mission Statement: To promote sportfishing throughout Carteret County and the state of North Carolina To promote conservation among sportfishermen To raise money for charities and worthy community projects To preserve maritime culture and heritage To promote marine education. The dollar amount is determined based on their needs and the tournament's budget. The charity funds are donated after the tournament's final bookkeeping is complete and the budget has been met.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.60$0.00$5.60$0.42$0.32$0.10
2023Detailed filing. Detailed filing data is available for this year.$5.59$0.09$5.50$1.52$0.28$1.24
2022Detailed filing. Detailed filing data is available for this year.$4.29$0.03$4.27$2.40$0.20$2.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.00$2.07$0.15$0.54$0.39
2020Detailed filing. Detailed filing data is available for this year.$2.46$0.00$2.46$0.38$0.11$0.27
2019Summary only. Only limited summary data is available for this year.$2.19$0.00$2.19$0.55$0.15$0.39
2018Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.15$0.06$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.34$0.45$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.33$0.06$0.27
2015Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.23$0.11$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.17$0.10$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.01$1.35$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.00$1.48$0.02
2011Summary only. Only limited summary data is available for this year.$1.24$0.00$1.24$0.06$0.04$0.01