Civic Intelligence

Carolina Commerce & Technology Center Inc.

990 • Fiscal year 2015 • EIN 56-2209015

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 15, 2016

PO Box 70Pembroke, NC 28372

(910) 522-9944

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Net Margin

42nd percentile

1.0%

Higher net margin than 42% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$13,592

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Asset Growth

45th percentile

0.4%

Faster asset growth than 45% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

4.0%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,188,413

Up $4,314 (+0.4%) from 2014

Net Assets

Up

$1,187,356

Up $3,656 (+0.3%) from 2014

Liabilities

Up

$1,057

Up $658 (+165%) from 2014

Revenue

Up

$349,173

Up $13,513 (+4.0%) from 2014

Expenses

Up

$345,517

Up $50,062 (+17%) from 2014

Net Income

Down

$3,656

Down $36,549 (-91%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,467,953Liabilities 2011: $386,279Net Assets 2011: $2,081,6742011Assets 2012: $2,590,968Liabilities 2012: $553,233Net Assets 2012: $2,037,7352012Assets 2013: $1,144,848Liabilities 2013: $1,353Net Assets 2013: $1,143,4952013Assets 2014: $1,184,099Liabilities 2014: $399Net Assets 2014: $1,183,7002014Assets 2015: $1,188,413Liabilities 2015: $1,057Net Assets 2015: $1,187,3562015Assets 2016: $1,246,597Liabilities 2016: $1,026Net Assets 2016: $1,245,5712016Assets 2017: $1,293,526Liabilities 2017: $1,026Net Assets 2017: $1,292,5002017Assets 2018: $1,327,142Liabilities 2018: $1,025Net Assets 2018: $1,326,1172018Assets 2019: $1,366,026Liabilities 2019: $1,025Net Assets 2019: $1,365,0012019Assets 2020: $1,327,537Liabilities 2020: $6,025Net Assets 2020: $1,321,5122020Assets 2021: $1,392,453Liabilities 2021: $5,000Net Assets 2021: $1,387,4532021Assets 2022: $1,432,297Liabilities 2022: $5,000Net Assets 2022: $1,427,2972022Assets 2023: $1,359,298Liabilities 2023: $5,000Net Assets 2023: $1,354,2982023Assets 2024: $1,211,441Liabilities 2024: $5,000Net Assets 2024: $1,206,4412024Assets 2025: $1,096,281Liabilities 2025: $5,000Net Assets 2025: $1,091,2812025

Highlighted filing

2015

Assets$1,188,413
Liabilities$1,057
Net Assets$1,187,356

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $726,843Expenses 2011: $440,134Net Income 2011: $286,7092011Revenue 2012: $375,205Expenses 2012: $419,144Net Income 2012: -$43,9392012Expenses 2013: $437,4762013Revenue 2014: $335,660Expenses 2014: $295,455Net Income 2014: $40,2052014Revenue 2015: $349,173Expenses 2015: $345,517Net Income 2015: $3,6562015Revenue 2016: $328,087Expenses 2016: $269,872Net Income 2016: $58,2152016Revenue 2017: $323,502Expenses 2017: $276,573Net Income 2017: $46,9292017Revenue 2018: $315,873Expenses 2018: $282,256Net Income 2018: $33,6172018Revenue 2019: $312,634Expenses 2019: $273,750Net Income 2019: $38,8842019Revenue 2020: $366,597Expenses 2020: $410,086Net Income 2020: -$43,4892020Revenue 2021: $336,987Expenses 2021: $271,046Net Income 2021: $65,9412021Revenue 2022: $351,524Expenses 2022: $311,680Net Income 2022: $39,8442022Revenue 2023: $229,395Expenses 2023: $302,394Net Income 2023: -$72,9992023Revenue 2024: $192,070Expenses 2024: $339,927Net Income 2024: -$147,8572024Revenue 2025: $188,198Expenses 2025: $303,358Net Income 2025: -$115,1602025

Highlighted filing

2015

Revenue$349,173
Expenses$345,517
Net Income$3,656
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 15, 2016
Return Version
2014v6.0
Gross Receipts
$349,173
Mission and Program Overview

Mission

Development of long-term workforce & entrepreneurial support to commercial, industrial, agricultural start-up initiatives & existingbusiness support services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$395,741$378,518▼ $17,223
Accounts Receivable$201,844$227,619▲ $25,775
Cash and Non-Interest-Bearing Accounts$71,564$67,326▼ $4,238
Total Assets$1,184,099$1,188,413▲ $4,314
Other Assets Total$514,950$514,950→ $0
Liabilities
Accounts Payable and Accrued Expenses$399$1,057▲ $658
Total Liabilities$399$1,057▲ $658
Net Assets / Fund Balance
Unrestricted Net Assets$1,183,700$1,187,356▲ $3,656
Total Net Assets Fund Balance$1,183,700$1,187,356▲ $3,656
Total Liabilities and Net Assets / Fund Balance$1,184,099$1,188,413▲ $4,314

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$347,318$145,245$492,563
Equipment$17,801$61,986$79,787
Land$13,399-$13,399
Other Assets Org$514,950--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carolyn LocklearInterim Exeuctive DirectorFT$13,592$13,592

Board Members and Trustees

NameTitle
Ronnie E HuntChairman
Dr Neil a TerryVice Chair
Arlie JacobsBoard Member
Greg CummingsBoard Member
Jane SmithBoard Member
Kellie BlueBoard Member
Noah WoodsBoard Member
Ray TownsendBoard Member
Sybil Jones BullardBoard Member
Ricky HarrisSecretary
Fredrick MckinnonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$349,173
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$3,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$267,326
Salaries, Compensation, and Employee Benefits$78,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,718$9,656-$64,374
Depreciation Depletion-$17,223-$17,223
Office Expenses$6,137$5,297-$11,434
Fees for Services Accounting-$9,891-$9,891
Payroll Taxes$6,233$1,100-$7,333
Fees for Services Legal-$6,502-$6,502
Other Employee Benefits$5,511$973-$6,484
Advertising$4,547$432-$4,979
Conferences and Meetings$2,907--$2,907
Other Expenses$1,622$296-$1,918
Travel$965$85-$1,050
Insurance-$800-$800
Total Functional Expenses$288,476$57,041$0$345,517
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
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
Yes
Other officer compensation reviewed
Yes
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

No change in presenting the return to the board

Conflict of interest policy compliance Part VI line 12C

No change in reviewing officers conflict of interest policy

CEO executive director top management comp Part VI line 15A

No change. The board reviews, approves and sets the compensation based on equivalent positions in the area.

Other officer or key employee compensation Part VI line 15B

NO CHANGE

Governing documents etc available to public Part VI line 19

No change, information is held at comtech administrative building and may be examined upon request.

Filing and Contact Details

Filer

Filer Name
Carolina Commerce and Technology
EIN
56-2209015
Address
PO BOX 70, PEMBROKE, NC 28372
Doing Business As
Center Inc

Signing Officer

Name
Alan Folwkes
Title
Executive Direc
Phone
9105229944
Signed
2016-02-15
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
6

Preparer

Firm
Griffins Accounting Firm
Address
79 New Horizons Drive, Pembroke, NC 28372
Preparer
Bobby Wayne Griffin CPA
Phone
9105214595
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

EXPENSES FOR SECURITY

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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/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt016000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0208287
IRS990/PYProgramServiceRevenueAmt0319660
IRS990/PYRevenuesLessExpensesAmt040205
IRS990/PYSalariesCompEmpBnftPaidAmt087168
IRS990/PYTotalExpensesAmt0295455
IRS990/PYTotalRevenueAmt0335660
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt03656
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0335660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0236400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0375205
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0450880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01398145
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt066
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01398145
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0335660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0236400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0375205
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0450880
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01398145
IRS990ScheduleA/TotalSupportAmt01398211
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0347318
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0145245
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0492563
IRS990ScheduleD/EquipmentGrp/BookValueAmt017801
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061986
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079787
IRS990ScheduleD/LandGrp/BookValueAmt013399
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013399
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0514950
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SITE DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ROAD DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2STUDIES & ANALYSIS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LAND DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4LAND HOLDINGS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0378518
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0514950
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO CHANGE IN PRESENTING THE RETURN TO THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO CHANGE IN REVIEWING OFFICERS CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO CHANGE. THE BOARD REVIEWS, APPROVES AND SETS THE COMPENSATION BASED ON EQUIVALENT POSITIONS IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE, INFORMATION IS HELD AT COMTECH ADMINISTRATIVE BUILDING AND MAY BE EXAMINED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXPENSES FOR SECURITY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01184099
IRS990/TotalAssetsEOYAmt01188413
IRS990/TotalAssetsGrp/BOYAmt01184099
IRS990/TotalAssetsGrp/EOYAmt01188413
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057041
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0288476
IRS990/TotalFunctionalExpensesGrp/TotalAmt0345517
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0399
IRS990/TotalLiabilitiesEOYAmt01057
IRS990/TotalLiabilitiesGrp/BOYAmt0399
IRS990/TotalLiabilitiesGrp/EOYAmt01057
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01183700
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01187356
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0349173
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0349173
IRS990/TotalProgramServiceExpensesAmt0288476
IRS990/TotalProgramServiceRevenueAmt0349173
IRS990/TotalReportableCompFromOrgAmt013592
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0349173
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0349173
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01184099
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01188413
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt085
IRS990/TravelGrp/ProgramServicesAmt0965
IRS990/TravelGrp/TotalAmt01050
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01183700
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01187356
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0www.comtechcenter.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN FOLWKES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum09105229944
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAROLINA COMMERCE AND TECHNOLOGY
ReturnHeader/Filer/BusinessNameControlTxt0CARO
ReturnHeader/Filer/EIN0562209015
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 70
ReturnHeader/Filer/USAddress/CityNm0PEMBROKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028372
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562060792
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Griffins Accounting Firm
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt079 New Horizons Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pembroke
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028372

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.09$0.19$0.30$0.12
2024Detailed filing. Detailed filing data is available for this year.$1.21$0.01$1.21$0.19$0.34$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.36$0.01$1.35$0.23$0.30$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.01$1.43$0.35$0.31$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.39$0.01$1.39$0.34$0.27$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.33$0.01$1.32$0.37$0.41$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.31$0.27$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.32$0.28$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.32$0.28$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.33$0.27$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.35$0.35$0.00
2014Summary only. Only limited summary data is available for this year.$1.18$0.00$1.18$0.34$0.30$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.44
2012Summary only. Only limited summary data is available for this year.$2.59$0.55$2.04$0.38$0.42$0.04
2011Summary only. Only limited summary data is available for this year.$2.47$0.39$2.08$0.73$0.44$0.29