Civic Intelligence

Outer Banks Relief Foundation Inc.

990 • Fiscal year 2020 • EIN 56-2526271

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

103 E 8th StreetNags Head, NC 27959

(252) 261-2004

Siviq Scores

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

Liabilities / Assets

27th percentile

0.04x

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

2020 filings • NTEE P • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

0.14x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • NTEE P • $1M-$5M nonprofits • Source year 2020

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

2020 filings • NTEE P • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

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

2020 filings • NTEE P • $1M-$5M nonprofits • Source year 2020

Asset Growth

43rd percentile

7.5%

Faster asset growth than 43% of similar nonprofits.

2020 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,774,428

Up $124,432 (+7.5%) from 2019

Net Assets

Up

$1,706,656

Up $88,159 (+5.4%) from 2019

Liabilities

Up

$67,772

Up $36,273 (+115%) from 2019

Revenue

Down

$499,667

Down $247,081 (-33%) from 2019

Expenses

Up

$411,974

Up $27,691 (+7.2%) from 2019

Net Income

Down

$87,693

Down $274,772 (-76%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $293,637Liabilities 2011: $24,417Net Assets 2011: $269,2202011Assets 2012: $723,713Liabilities 2012: $334,572Net Assets 2012: $389,1412012Assets 2013: $856,118Liabilities 2013: $318,132Net Assets 2013: $537,9862013Assets 2014: $795,023Liabilities 2014: $306,900Net Assets 2014: $488,1232014Assets 2015: $792,927Liabilities 2015: $284,225Net Assets 2015: $508,7022015Assets 2016: $1,053,593Liabilities 2016: $269,559Net Assets 2016: $784,0342016Assets 2017: $1,012,300Liabilities 2017: $250,067Net Assets 2017: $762,2332017Assets 2018: $1,262,581Liabilities 2018: $25,882Net Assets 2018: $1,236,6992018Assets 2019: $1,649,996Liabilities 2019: $31,499Net Assets 2019: $1,618,4972019Assets 2020: $1,774,428Liabilities 2020: $67,772Net Assets 2020: $1,706,6562020Assets 2021: $1,873,123Liabilities 2021: $55,735Net Assets 2021: $1,817,3882021Assets 2022: $1,830,998Liabilities 2022: $71,638Net Assets 2022: $1,759,3602022Assets 2023: $1,875,041Liabilities 2023: $67,793Net Assets 2023: $1,807,2482023Assets 2024: $1,676,099Liabilities 2024: $51,491Net Assets 2024: $1,624,6082024

Highlighted filing

2020

Assets$1,774,428
Liabilities$67,772
Net Assets$1,706,656

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $358,486Expenses 2011: $197,168Net Income 2011: $161,3182011Revenue 2012: $362,361Expenses 2012: $243,504Net Income 2012: $118,8572012Revenue 2013: $404,938Expenses 2013: $260,180Net Income 2013: $144,7582013Revenue 2014: $261,783Expenses 2014: $316,708Net Income 2014: -$54,9252014Revenue 2015: $340,950Expenses 2015: $321,980Net Income 2015: $18,9702015Revenue 2016: $544,415Expenses 2016: $272,322Net Income 2016: $272,0932016Revenue 2017: $291,684Expenses 2017: $324,387Net Income 2017: -$32,7032017Revenue 2018: $931,981Expenses 2018: $443,409Net Income 2018: $488,5722018Revenue 2019: $746,748Expenses 2019: $384,283Net Income 2019: $362,4652019Revenue 2020: $499,667Expenses 2020: $411,974Net Income 2020: $87,6932020Revenue 2021: $488,734Expenses 2021: $373,095Net Income 2021: $115,6392021Revenue 2022: $560,561Expenses 2022: $603,551Net Income 2022: -$42,9902022Revenue 2023: $758,788Expenses 2023: $721,861Net Income 2023: $36,9272023Revenue 2024: $797,723Expenses 2024: $988,563Net Income 2024: -$190,8402024

Highlighted filing

2020

Revenue$499,667
Expenses$411,974
Net Income$87,693
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$503,959
Mission and Program Overview

Mission

The primary purpose of the outer banks relief foundation is to assist people living or working on the outer banks of north carolina who are burdened with financial difficulties due to a debiliating disease or illness or a personal tragedy to themselves or their families.

The primary purpose of the outer banks relief foundation is to assist people living or working on the outer banks of north carolina who are burdened with financial difficulties due to a debiliating disease or illness or a personal tradedy to themselves or their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$490,837$712,372▲ $221,535
Land, Buildings, and Equipment, Net$491,094$485,078▼ $6,016
Pledges and Grants Receivable$532,791$416,287▼ $116,504
Prepaid Expenses and Deferred Charges-$9,167-
Accounts Receivable$1,543$952▼ $591
Total Assets$1,649,996$1,774,428▲ $124,432
Other Assets Total$133,731$150,572▲ $16,841
Liabilities
Accounts Payable and Accrued Expenses$28,494$37,477▲ $8,983
Other Liabilities$3,005$30,295▲ $27,290
Total Liabilities$31,499$67,772▲ $36,273
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,383,517$1,469,460▲ $85,943
Net Assets With Donor Restrictions$234,980$237,196▲ $2,216
Total Net Assets Fund Balance$1,618,497$1,706,656▲ $88,159
Total Liabilities and Net Assets / Fund Balance$1,649,996$1,774,428▲ $124,432

Asset Categories

AssetBook ValueDepreciationBasis
Land$297,530-$297,530
Leasehold Improvements$96,324$22,306$118,630
Buildings$84,919$24,563$109,482
Equipment$6,305$257$6,562
Other Assets Org$150,572--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$133,731$50▲ $13,181-$150,572
2019$93,897$28,989▲ $17,256-$133,731
2018$99,820$2,566▼ $6,468-$93,897
2017$88,420$11,714▲ $11,961$-11,216$122,252
2016$60,181$25,000▲ $3,841-$88,420
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$462,607
Program Service Revenue
$15,230
Investment Income
$18,322
Other Revenue
$3,508
All Other Contributions
$269,364
Change in Net Assets
$87,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$234,539
Salaries, Compensation, and Employee Benefits$97,165
Other Expenses$80,270
Total Fundraising Expense$76,583
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$234,539--$234,539
Other Salaries and Wages$21,271$25,343$41,872$88,486
Occupancy$10,900$10,579$10,579$32,058
Office Expenses$5,228$5,074$5,074$15,376
Insurance$3,654$3,546$3,546$10,746
Fees for Services Other$1,156$1,127$6,964$9,247
Payroll Taxes$1,627$1,939$3,203$6,769
Fees for Services Accounting$2,278$2,211$2,211$6,700
Depreciation Depletion$2,046$1,985$1,985$6,016
Other Employee Benefits$153$650$1,107$1,910
Conferences and Meetings$43$42$42$127
Total Functional Expenses$282,895$52,496$76,583$411,974
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,800
Fundraising Direct Expenses$4,292
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Waves Society$189,243-$4,186-
Couture by the$7,800$7,800$106$7,694
Total Events$197,043$7,800$4,292$3,508
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$17,295
Prepaid Sponsorships$13,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
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, Page 6, Part VI, Line 11B

Treasurer reviews return before the return is filed.

Form 990, Page 6, Part VI, Line 12C

Reviewed when issues arise or noted and annually when budget is prepared.

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

The board reviews and confers with other members as well as other organizations in the area.

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

The board reviews and confers with other members as well as other organizations in the area.

Form 990, Page 6, Part VI, Line 19

All are available upon request.

Filing and Contact Details

Filer

Filer Name
Outer Banks Relief Foundation Inc
EIN
56-2526271
Phone
2522612004
Address
103 E 8TH STREET, NAGS HEAD, NC 27959

Signing Officer

Name
Tess Judge
Title
Treasurer
Phone
2522612004
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Montgomery
Formed
2005
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
4

Preparer

Firm
Burgess Lowman & Lay Pa
Address
PO BOX 990, KITTY HAWK, NC 27949-0990
Preparer
Charles Kearns Lowman CPA
Phone
2522551040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary purpose of the outer banks relief foundation is to assist people living or working on the outer banks of north carolina who are burdened with financial difficulties due to a debiliating disease or illness or a personal tragedy to themselves or their families.

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

To provide financial assistance to people living or working on the outer banks of north carolina who are burdened with financial difficulties due to a debiliating disease or illness or personal tragedy to themselves or their families.

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IRS990/ReportProgramRelatedInvstInd0false
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.05$1.62$0.80$0.99$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.07$1.81$0.76$0.72$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.07$1.76$0.56$0.60$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.06$1.82$0.49$0.37$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.77$0.07$1.71$0.50$0.41$0.09
2019Summary only. Only limited summary data is available for this year.$1.65$0.03$1.62$0.75$0.38$0.36
2018Summary only. Only limited summary data is available for this year.$1.26$0.03$1.24$0.93$0.44$0.49
2017Summary only. Only limited summary data is available for this year.$1.01$0.25$0.76$0.29$0.32$0.03
2016Summary only. Only limited summary data is available for this year.$1.05$0.27$0.78$0.54$0.27$0.27
2015Summary only. Only limited summary data is available for this year.$0.79$0.28$0.51$0.34$0.32$0.02
2014Summary only. Only limited summary data is available for this year.$0.80$0.31$0.49$0.26$0.32$0.05
2013Summary only. Only limited summary data is available for this year.$0.86$0.32$0.54$0.40$0.26$0.14
2012Summary only. Only limited summary data is available for this year.$0.72$0.33$0.39$0.36$0.24$0.12
2011Summary only. Only limited summary data is available for this year.$0.29$0.02$0.27$0.36$0.20$0.16