Civic Intelligence

Albemarle Community Trust

990EZ • Fiscal year 2024 • EIN 56-2273552

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 27, 2025

125 Cooperative WayHertford, 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 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

57th percentile

2.8%

Higher net margin than 57% of similar nonprofits.

2024 filings • NTEE T22 • <$500k nonprofits • Source year 2024

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.

2024 filings • NTEE T22 • <$500k nonprofits • Source year 2024

Asset Growth

79th percentile

9.2%

Faster asset growth than 79% of similar nonprofits.

2024 filings • NTEE T22 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

-1.8%

Faster revenue growth than 44% of similar nonprofits.

2024 filings • NTEE T22 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$26,587

Up $2,249 (+9.2%) from 2023

Net Assets

$26,587

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$79,904

Down $1,489 (-1.8%) from 2023

Expenses

Down

$77,655

Down $12,497 (-14%) from 2023

Net Income

Up

$2,249

Up $11,008 (+126%) from 2023

Historical Trend

Balance Sheet Trend

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: $29,162Liabilities 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

2024

Assets$26,587
Liabilities-
Net Assets$26,587

Operations Trend

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 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

2024

Revenue$79,904
Expenses$77,655
Net Income$2,249
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 27, 2025
Return Version
2024v5.0
Gross Receipts
$79,904
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 foundation's charirable purpose is to accumulate and disburse funds for charitable purposes in the service area of albemarle electric membership corporation.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION'S CHARIRABLE PURPOSE IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION.$58,040$67,909
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DALE DAVISPresident-$0--
JEAN BELLVice Preside-$0--
SANDRA WELCHSecretary-$0--
TAMMY MILLER-WHITETrustee-$0--
JEFFERY MCCOYTrustee-$0--
WILLIAM COPELANDTrustee-$0--
JEFF PROCTORTrustee-$0--
ERIC HURSTTrustee-$0--
ROBERT JONESTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Albemarle Community Trust
EIN
56-2273552
Phone
2524265735
Address
125 COOPERATIVE WAY, HERTFORD, NC 27944-9825

Signing Officer

Name
Kevin Heath
Title
Gm - Albemarle Emc
Phone
8002159915
Signed
2025-02-27
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: KEVIN HEATH

Form 990-ez

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

Form 990-ez, Part I

Light up christmas program initiated in 2004, light up christmas has provided numerous toys to children who otherwise may not have had any to unwrap christmas morning. Most of the money used to purchase the toys is donated by corporate partners of albemarle emc through an annual golf tournament. The foundation's fundraising expenses are directly related to the annual golf tournament. Https://aemc.coop/light-christmas

Form 990-ez, Part I, Line 16

Expenses luc expenses 9,756 admin. & general 3,223 fundraising expenses 6,636 total 19,615

Form 990-ez, Part II, Line 24

Accounts receivable 4,924 4,892 total 4,924 4,892

Form 990-ez, Part III

The foundation received donated services of administrative time from certain employees of albemarle electric memberhsip corporation. Donated services totaled 11,121 for the year ended december 31, 2024. 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 foundation's charirable purpose is to accumulate and disburse funds for charitable purposes in the service area of albemarle electric membership corporation.

Raw XML Appendix157 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DALE DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JEAN BELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SANDRA WELCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TAMMY MILLER-WHITE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JEFFERY MCCOY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5WILLIAM COPELAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JEFF PROCTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7ERIC HURST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8ROBERT JONES
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/BOYAmt04924
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04892
IRS990EZ/OtherExpensesTotalAmt019615
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TotalExpensesAmt077655
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IRS990EZ/WebsiteAddressTxt0SCHEDULE O
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt081393
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0404012
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ATTN: KEVIN HEATH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WEBSITE: HTTPS://AEMC.COOP/CONTENT/OPERATION-ROUNDUP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LIGHT UP CHRISTMAS PROGRAM INITIATED IN 2004, LIGHT UP CHRISTMAS HAS PROVIDED NUMEROUS TOYS TO CHILDREN WHO OTHERWISE MAY NOT HAVE HAD ANY TO UNWRAP CHRISTMAS MORNING. MOST OF THE MONEY USED TO PURCHASE THE TOYS IS DONATED BY CORPORATE PARTNERS OF ALBEMARLE EMC THROUGH AN ANNUAL GOLF TOURNAMENT. THE FOUNDATION'S FUNDRAISING EXPENSES ARE DIRECTLY RELATED TO THE ANNUAL GOLF TOURNAMENT. HTTPS://AEMC.COOP/LIGHT-CHRISTMAS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPENSES LUC EXPENSES 9,756 ADMIN. & GENERAL 3,223 FUNDRAISING EXPENSES 6,636 TOTAL 19,615
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS RECEIVABLE 4,924 4,892 TOTAL 4,924 4,892
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION RECEIVED DONATED SERVICES OF ADMINISTRATIVE TIME FROM CERTAIN EMPLOYEES OF ALBEMARLE ELECTRIC MEMBERHSIP CORPORATION. DONATED SERVICES TOTALED 11,121 FOR THE YEAR ENDED DECEMBER 31, 2024. BASED ON THE FORM'S INSTRUCTIONS, DONATED SERVICES ARE NOT INCLUDED IN INCOME OR EXPENSES ON THE FORM 990-EZ.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION'S CHARIRABLE PURPOSE 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN HEATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GM - ALBEMARLE EMC
ReturnHeader/BusinessOfficerGrp/PhoneNum08002159915
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBEMARLE COMMUNITY TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ALBE
ReturnHeader/Filer/EIN0562273552
ReturnHeader/Filer/PhoneNum02524265735
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 COOPERATIVE WAY
ReturnHeader/Filer/USAddress/CityNm0HERTFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0279449825
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02025-03-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM R ROUNTREE
ReturnHeader/ReturnTs02025-03-03T15:58:33-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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.$27.8$27.8$78.9$77.6$1.26
2024Detailed filing. Detailed filing data is available for this year.$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
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