Civic Intelligence

Albemarle Community Trust

990EZ • Fiscal year 2021 • EIN 56-2273552

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 29, 2022

Organization ProfileSCHEDULE O
PO Box 69Hertford, NC 27944-9825

(252) 426-5735

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

59th percentile

15%

Higher net margin than 59% of similar nonprofits.

2021 filings • NTEE T22 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2021 filings • NTEE T22 • <$500k nonprofits • Source year 2021

Asset Growth

90th percentile

81%

Faster asset growth than 90% of similar nonprofits.

2021 filings • NTEE T22 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • NTEE T22 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$29,162

Flat from 2021

Net Assets

$29,162

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin59th percentile

Revenue

Flat

$84,718

Flat from 2021

Expenses

Flat

$71,708

Flat from 2021

Net Income

Flat

$13,010

Flat from 2021

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$40K$30K$20K$10K$0Assets 2011: $12,330Liabilities 2011: $02011Assets 2012: $11,091Liabilities 2012: $02012Assets 2013: $8,815Liabilities 2013: $02013Assets 2014: $7,767Liabilities 2014: $02014Assets 2015: $7,934Liabilities 2015: $02015Assets 2016: $12,037Liabilities 2016: $02016Assets 2017: $33,016Liabilities 2017: $21,6422017Assets 2018: $10,661Net Assets 2018: $10,6612018Assets 2019: $11,382Net Assets 2019: $11,3822019Assets 2020: $16,152Net Assets 2020: $16,1522020Assets 2021: $29,162Net Assets 2021: $29,1622021Assets 2021: $29,162Liabilities 2021: $02021Assets 2022: $33,097Net Assets 2022: $33,0972022Assets 2023: $24,338Liabilities 2023: $02023Assets 2024: $26,587Net Assets 2024: $26,5872024Assets 2025: $27,844Net Assets 2025: $27,8442025

Highlighted filing

2021

Assets$29,162
Liabilities-
Net Assets$29,162
Open 2021 Filing

Operations Trend

Revenue Growth57th percentile

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

$100K$50K$0-$50KRevenue 2011: $82,039Expenses 2011: $85,264Net Income 2011: -$3,2252011Revenue 2012: $84,205Expenses 2012: $85,444Net Income 2012: -$1,2392012Revenue 2013: $82,798Expenses 2013: $85,074Net Income 2013: -$2,2762013Revenue 2014: $81,572Expenses 2014: $82,620Net Income 2014: -$1,0482014Revenue 2015: $81,457Expenses 2015: $81,290Net Income 2015: $1672015Revenue 2016: $83,010Expenses 2016: $78,907Net Income 2016: $4,1032016Revenue 2017: $82,307Expenses 2017: $82,970Net Income 2017: -$6632017Revenue 2018: $80,674Expenses 2018: $81,387Net Income 2018: -$7132018Revenue 2019: $82,733Expenses 2019: $82,012Net Income 2019: $7212019Revenue 2020: $76,245Expenses 2020: $71,475Net Income 2020: $4,7702020Revenue 2021: $84,718Expenses 2021: $71,708Net Income 2021: $13,0102021Revenue 2021: $84,718Expenses 2021: $71,708Net Income 2021: $13,0102021Revenue 2022: $81,752Expenses 2022: $77,817Net Income 2022: $3,9352022Revenue 2023: $81,393Expenses 2023: $90,152Net Income 2023: -$8,7592023Revenue 2024: $79,904Expenses 2024: $77,655Net Income 2024: $2,2492024Revenue 2025: $78,857Expenses 2025: $77,600Net Income 2025: $1,2572025

Highlighted filing

2021

Revenue$84,718
Expenses$71,708
Net Income$13,010
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 29, 2022
Return Version
2021v4.0
Gross Receipts
$84,718
Mission and Program Overview

Mission

The foundation's charitable purpose is to accumulate and disburse funds for charitable purposes in the service area of albemarle electric membership corporation.

The purpose of the trust is to accumulate and disburse funds for charitable purposes in the service area of albemarle electric membership corporation.

Program Services

DescriptionGrantsExpenses
CHARITABLE DISBURSEMENTS (SEE ATTACHED)$53,190$53,190
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LEE JORDAN JRPresident-$0--
JEAN BELLVice Preside-$0--
LINDA BURRUSSecretary-$0--
VANORA BROTHERSTrustee-$0--
JEFF PROCTORTrustee-$0--
CINDY SAWYERTrustee-$0--
JEFFERY MCCOYTrustee-$0--
BILLY COPELANDTrustee-$0--
BUTCH OSBORNETrustee-$0--
Filing and Contact Details

Filer

Filer Name
Albemarle Community Trust
EIN
56-2273552
Phone
2524265735
Address
PO BOX 69, HERTFORD, NC 27944-9825

Signing Officer

Name
Gary W Ray
Title
Gm - Albemarle Emc
Phone
8002159915
Signed
2022-03-29
Discuss with paid preparer
Yes

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
William R Rountree
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990-ez, Page 1, Item C

“ATTN: GARY RAY”

Form 990-ez

“Website: https://aemc.coop/content/operation-roundup”

Form 990-ez, Part I, Line 16

“Expenses light up christmas 11,776 fundraising expenses 6,742 total 18,518”

Form 990-ez, Part II, Line 24

“Accounts receivable 4,900 4,923 total 4,900 4,923”

Form 990-ez, Part III

“The corporation received donated services of administrative time from certain employees of albemarle electric memberhsip corporation. Donated services totaled 5,583 for the year ended december 31, 2021. Based on the form's instructions, donated services are not included in income or expenses on the form 990-ez.”

Form 990-ez, Part III

“The purpose of the trust is to accumulate and disburse funds for charitable purposes in the service area of albemarle electric membership corporation.”

Raw XML Appendix156 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ALBEMARLE EMC
IRS990EZ/BooksInCareOfDetail/PhoneNum02524265735
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0125 COOPERATIVE WAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HERTFORD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027944
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011252
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt024239
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt084718
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt013010
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt016152
IRS990EZ/Form990TotalAssetsGrp/EOYAmt029162
IRS990EZ/GrantsAndSimilarAmountsPaidAmt053190
IRS990EZ/GrossReceiptsAmt084718
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt016152
IRS990EZ/NetAssetsOrFundBalancesEOYAmt029162
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt016152
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt029162
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt70.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt80.42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LEE JORDAN JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JEAN BELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LINDA BURRUS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3VANORA BROTHERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JEFF PROCTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CINDY SAWYER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JEFFERY MCCOY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7BILLY COPELAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8BUTCH OSBORNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8TRUSTEE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt04900
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04923
IRS990EZ/OtherExpensesTotalAmt018518
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CHARITABLE DISBURSEMENTS (SEE ATTACHED)
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt053190
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt053190
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt071708
IRS990EZ/TotalProgramServiceExpensesAmt053190
IRS990EZ/TotalRevenueAmt084718
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0SCHEDULE O
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt084718
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt076245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt082733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt080674
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt082307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0406677
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0406677
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt084718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt076245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt082733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt080674
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt082307
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0406677
IRS990ScheduleA/TotalSupportAmt0406677
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ATTN: GARY RAY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WEBSITE: HTTPS://AEMC.COOP/CONTENT/OPERATION-ROUNDUP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES LIGHT UP CHRISTMAS 11,776 FUNDRAISING EXPENSES 6,742 TOTAL 18,518
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS RECEIVABLE 4,900 4,923 TOTAL 4,900 4,923
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION RECEIVED DONATED SERVICES OF ADMINISTRATIVE TIME FROM CERTAIN EMPLOYEES OF ALBEMARLE ELECTRIC MEMBERHSIP CORPORATION. DONATED SERVICES TOTALED 5,583 FOR THE YEAR ENDED DECEMBER 31, 2021. BASED ON THE FORM'S INSTRUCTIONS, DONATED SERVICES ARE NOT INCLUDED IN INCOME OR EXPENSES ON THE FORM 990-EZ.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY W RAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GM - ALBEMARLE EMC
ReturnHeader/BusinessOfficerGrp/PhoneNum08002159915
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBEMARLE COMMUNITY TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ALBE
ReturnHeader/Filer/EIN0562273552
ReturnHeader/Filer/PhoneNum02524265735
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 69
ReturnHeader/Filer/USAddress/CityNm0HERTFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0279449825
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0581094351
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX ONE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MACON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0312020001
ReturnHeader/PreparerPersonGrp/PhoneNum04787466277
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM R ROUNTREE
ReturnHeader/ReturnTs02022-03-29T10:48:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RAY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,162
Liabilities
-
Net assets
$29,162
Revenue
$84,718
Expenses
$71,708
Net income
$13,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$27.8$27.8$78.9$77.6$1.26
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.6$26.6$79.9$77.7$2.25
2023Summary only. Only limited summary data is available for this year.$24.3$0.00$81.4$90.2$8.76
2022Detailed filing. Detailed filing data is available for this year.$33.1$33.1$81.8$77.8$3.94
2021Detailed filing. Detailed filing data is available for this year.$29.2$29.2$84.7$71.7$13.0
2021Summary only. Only limited summary data is available for this year.$29.2$0.00$84.7$71.7$13.0
2020Detailed filing. Detailed filing data is available for this year.$16.2$16.2$76.2$71.5$4.77
2019Detailed filing. Detailed filing data is available for this year.$11.4$11.4$82.7$82.0$0.72
2018Detailed filing. Detailed filing data is available for this year.$10.7$10.7$80.7$81.4$0.71
2017Summary only. Only limited summary data is available for this year.$33.0$21.6$82.3$83.0$0.66
2016Summary only. Only limited summary data is available for this year.$12.0$0.00$83.0$78.9$4.10
2015Summary only. Only limited summary data is available for this year.$7.93$0.00$81.5$81.3$0.17
2014Summary only. Only limited summary data is available for this year.$7.77$0.00$81.6$82.6$1.05
2013Summary only. Only limited summary data is available for this year.$8.82$0.00$82.8$85.1$2.28
2012Summary only. Only limited summary data is available for this year.$11.1$0.00$84.2$85.4$1.24
2011Summary only. Only limited summary data is available for this year.$12.3$0.00$82.0$85.3$3.23