Civic Intelligence

Wayne County Livestock Development Association Incorporated

990 • Fiscal year 2019 • EIN 56-6062547

Jan 01, 2019 to Dec 31, 2019 • Filed on May 28, 2020

PO Box 1100Goldsboro, NC 27533-1100

(919) 735-7277

Siviq Scores

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

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

22nd percentile

$8,400

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Asset Growth

28th percentile

0.4%

Faster asset growth than 28% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

4.3%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,941,721

Up $8,268 (+0.4%) from 2018

Net Assets

Up

$1,929,049

Up $195,612 (+11%) from 2018

Liabilities

Down

$12,672

Down $187,344 (-94%) from 2018

Revenue

Up

$989,676

Up $41,199 (+4.3%) from 2018

Expenses

Up

$794,064

Up $40,802 (+5.4%) from 2018

Net Income

Up

$195,612

Up $397 (+0.2%) from 2018

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: $1,285,164Liabilities 2011: $229,442Net Assets 2011: $1,055,7222011Assets 2012: $1,307,745Liabilities 2012: $207,178Net Assets 2012: $1,100,5672012Assets 2013: $1,480,832Liabilities 2013: $183,403Net Assets 2013: $1,297,4292013Assets 2014: $1,701,609Liabilities 2014: $218,964Net Assets 2014: $1,482,6452014Assets 2015: $1,724,279Liabilities 2015: $338,485Net Assets 2015: $1,385,7942015Assets 2016: $1,718,659Liabilities 2016: $323,287Net Assets 2016: $1,395,3722016Assets 2017: $1,751,939Liabilities 2017: $213,717Net Assets 2017: $1,538,2222017Assets 2018: $1,933,453Liabilities 2018: $200,016Net Assets 2018: $1,733,4372018Assets 2019: $1,941,721Liabilities 2019: $12,672Net Assets 2019: $1,929,0492019Assets 2020: $1,659,668Liabilities 2020: $12,495Net Assets 2020: $1,647,1732020Assets 2021: $1,852,196Liabilities 2021: $13,192Net Assets 2021: $1,839,0042021Assets 2022: $2,167,571Liabilities 2022: $14,167Net Assets 2022: $2,153,4042022Assets 2023: $2,395,010Liabilities 2023: $14,143Net Assets 2023: $2,380,8672023Assets 2024: $2,897,203Liabilities 2024: $15,032Net Assets 2024: $2,882,1712024

Highlighted filing

2019

Assets$1,941,721
Liabilities$12,672
Net Assets$1,929,049

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $642,1262011Revenue 2012: $779,230Expenses 2012: $734,386Net Income 2012: $44,8442012Revenue 2013: $911,690Expenses 2013: $714,827Net Income 2013: $196,8632013Revenue 2014: $879,193Expenses 2014: $693,978Net Income 2014: $185,2152014Revenue 2015: $574,152Expenses 2015: $671,003Net Income 2015: -$96,8512015Revenue 2016: $690,423Expenses 2016: $680,845Net Income 2016: $9,5782016Revenue 2017: $891,927Expenses 2017: $749,077Net Income 2017: $142,8502017Revenue 2018: $948,477Expenses 2018: $753,262Net Income 2018: $195,2152018Revenue 2019: $989,676Expenses 2019: $794,064Net Income 2019: $195,6122019Revenue 2020: $126,042Expenses 2020: $407,918Net Income 2020: -$281,8762020Revenue 2021: $912,146Expenses 2021: $720,315Net Income 2021: $191,8312021Revenue 2022: $1,191,419Expenses 2022: $877,019Net Income 2022: $314,4002022Revenue 2023: $1,393,803Expenses 2023: $1,166,340Net Income 2023: $227,4632023Revenue 2024: $1,646,302Expenses 2024: $1,144,998Net Income 2024: $501,3042024

Highlighted filing

2019

Revenue$989,676
Expenses$794,064
Net Income$195,612
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 28, 2020
Return Version
2019v5.1
Gross Receipts
$1,177,939
Mission and Program Overview

Mission

Livestock and agriculture education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$927,039$903,662▼ $23,377
Investments in Publicly Traded Securities$724,079$833,138▲ $109,059
Savings and Temporary Cash Investments$263,708$164,876▼ $98,832
Cash and Non-Interest-Bearing Accounts$15,658$40,045▲ $24,387
Prepaid Expenses and Deferred Charges$2,969--
Total Assets$1,933,453$1,941,721▲ $8,268
Liabilities
Mortgage Notes Payable Secured by Investment Property$186,546--
Other Liabilities$10,000$10,000→ $0
Accounts Payable and Accrued Expenses$3,470$2,672▼ $798
Total Liabilities$200,016$12,672▼ $187,344
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,712,437$1,908,049▲ $195,612
Net Assets With Donor Restrictions$21,000$21,000→ $0
Total Net Assets Fund Balance$1,733,437$1,929,049▲ $195,612
Total Liabilities and Net Assets / Fund Balance$1,933,453$1,941,721▲ $8,268

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$610,886$742,672$1,353,558
Buildings$234,551$420,645$655,196
Equipment$34,225$153,083$187,308
Land$24,000-$24,000
Other Land Buildings$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark HoodPresPT$8,400$8,400
Billy R ThomasMemberPT$3,100$3,100
Ashley Glover2nd V PresPT$1,200$1,200

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$963,270
Investment Income
$20,922
Other Revenue
$5,484
Change in Net Assets
$195,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$527,146
Salaries, Compensation, and Employee Benefits$250,118
Grants and Similar Amounts Paid$16,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,546$14,837-$171,383
Occupancy$67,258$14,743-$82,001
Depreciation Depletion---$81,400
All Other Expenses$59,440$3,762-$63,202
Current Officers, Directors, Trustees, and Key Employees$31,984$28,160-$60,144
Insurance$18,631$14,578-$33,209
Other Expenses$17,340$12,155-$29,495
Advertising$25,582--$25,582
Payroll Taxes$15,323$3,268-$18,591
Grants to Domestic Individuals$16,800--$16,800
Office Expenses$14,265$898-$15,163
Fees for Service Investment Mgmnt Fees-$10,681-$10,681
Travel$9,686--$9,686
Interest$83$8,823-$8,906
Fees for Services Legal$3,532$5,276-$8,808
Conferences and Meetings$3,806$4,521-$8,327
Fees for Services Accounting$1,335$5,371-$6,706
Information Technology$539$554-$1,093
Total Functional Expenses$585,037$127,627$0$794,064
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fair / Carnival Deposits$10,000
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 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, Part VI, Section B, Line 11B

Draft is emailed to the board for review and approval

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy is reviewed annually to discussed any known conflicts and to ensure fair practices are being followed.

Form 990, Part VI, Section B, Line 15

Board does an annual performance and salary package review for the general manager. Board approves salaries for executive board member annually

Form 990, Part VI, Section C, Line 19

Tax returns are available through guidestar.org. The financial statements are made public at the annual meeting.

Filing and Contact Details

Filer

Filer Name
Wayne County Livestock
EIN
56-6062547
Phone
9197357277
Address
PO BOX 1100, GOLDSBORO, NC 27533-1100

Signing Officer

Name
Valerie Barwick
Title
Secretray/treasurer
Phone
9197357277
Signed
2020-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas M Hood
Formed
1949
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
153
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
2805 N PARK DRIVE, GOLDSBORO, NC 27532
Preparer
Jeanette Sullivan-bonthuis CPA
Phone
9197518297
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IRS990/OtherExpensesGrp/Desc2PREMIUMS
IRS990/OtherExpensesGrp/Desc3CONTRIBUTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012155
IRS990/OtherExpensesGrp/ProgramServicesAmt060258
IRS990/OtherExpensesGrp/ProgramServicesAmt150267
IRS990/OtherExpensesGrp/ProgramServicesAmt232362
IRS990/OtherExpensesGrp/ProgramServicesAmt317340
IRS990/OtherExpensesGrp/TotalAmt060258
IRS990/OtherExpensesGrp/TotalAmt150267
IRS990/OtherExpensesGrp/TotalAmt232362
IRS990/OtherExpensesGrp/TotalAmt329495
IRS990/OtherLiabilitiesGrp/BOYAmt010000
IRS990/OtherLiabilitiesGrp/EOYAmt010000
IRS990/OtherRevenueMiscGrp/BusinessCd0110000
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE-RELATED-
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0484
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0484
IRS990/OtherRevenueTotalAmt0484
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014837
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0156546
IRS990/OtherSalariesAndWagesGrp/TotalAmt0171383
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03268
IRS990/PayrollTaxesGrp/ProgramServicesAmt015323
IRS990/PayrollTaxesGrp/TotalAmt018591
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02969
IRS990/PrincipalOfficerNm0DOUGLAS M HOOD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/BusinessCd1110000
IRS990/ProgramServiceRevenueGrp/BusinessCd2110000
IRS990/ProgramServiceRevenueGrp/BusinessCd3110000
IRS990/ProgramServiceRevenueGrp/BusinessCd4110000
IRS990/ProgramServiceRevenueGrp/Desc0GATE
IRS990/ProgramServiceRevenueGrp/Desc1CARNIVAL
IRS990/ProgramServiceRevenueGrp/Desc2LIVESTOCK SALE
IRS990/ProgramServiceRevenueGrp/Desc3SPACE RENTAL-FAIR
IRS990/ProgramServiceRevenueGrp/Desc4SPONSOR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0431353
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1370513
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt261986
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt344826
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt430926
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0431353
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1370513
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt261986
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt344826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt430926
IRS990/ProgSrvcAccomActy2Grp/Desc0LIVESTOCK SHOW AND SALE OFFERS OPPORTUNITY FOR WAYNE COUNTY YOUTHS TO EXHIBIT AND SELL LIVESTOCK THEY HAVE RAISED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt070473
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt061986
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS ARE PAID TO STUDENTS WHO ARE STUDYING IN APPROVED COLLEGE AND AGRICULTURAL COURSES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt016800
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt017320
IRS990/PYInvestmentIncomeAmt012111
IRS990/PYOtherExpensesAmt0511115
IRS990/PYOtherRevenueAmt06930
IRS990/PYProgramServiceRevenueAmt0929436
IRS990/PYRevenuesLessExpensesAmt0195215
IRS990/PYSalariesCompEmpBnftPaidAmt0224827
IRS990/PYTotalExpensesAmt0753262
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0948477
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0195612
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0901284
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0263708
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0164876
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0234551
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0420645
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0655196
IRS990ScheduleD/EquipmentGrp/BookValueAmt034225
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0153083
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0187308
IRS990ScheduleD/LandGrp/BookValueAmt024000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt024000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0610886
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0742672
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01353558
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FAIR / CARNIVAL DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0903662
IRS990ScheduleD/TotalLiabilityAmt010000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt016800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP FOR STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT IS EMAILED TO THE BOARD FOR REVIEW AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY TO DISCUSSED ANY KNOWN CONFLICTS AND TO ENSURE FAIR PRACTICES ARE BEING FOLLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD DOES AN ANNUAL PERFORMANCE AND SALARY PACKAGE REVIEW FOR THE GENERAL MANAGER. BOARD APPROVES SALARIES FOR EXECUTIVE BOARD MEMBER ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TAX RETURNS ARE AVAILABLE THROUGH GUIDESTAR.ORG. THE FINANCIAL STATEMENTS ARE MADE PUBLIC AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01933453
IRS990/TotalAssetsEOYAmt01941721
IRS990/TotalAssetsGrp/BOYAmt01933453
IRS990/TotalAssetsGrp/EOYAmt01941721
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt0153
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0127627
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0585037
IRS990/TotalFunctionalExpensesGrp/TotalAmt0794064
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0200016
IRS990/TotalLiabilitiesEOYAmt012672
IRS990/TotalLiabilitiesGrp/BOYAmt0200016
IRS990/TotalLiabilitiesGrp/EOYAmt012672
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01733437
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01929049
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt023666
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt023666
IRS990/TotalProgramServiceExpensesAmt0585037

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.90$0.02$2.88$1.65$1.14$0.50
2023Detailed filing. Detailed filing data is available for this year.$2.40$0.01$2.38$1.39$1.17$0.23
2022Detailed filing. Detailed filing data is available for this year.$2.17$0.01$2.15$1.19$0.88$0.31
2021Detailed filing. Detailed filing data is available for this year.$1.85$0.01$1.84$0.91$0.72$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.01$1.65$0.13$0.41$0.28
2019Detailed filing. Detailed filing data is available for this year.$1.94$0.01$1.93$0.99$0.79$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.93$0.20$1.73$0.95$0.75$0.20
2017Detailed filing. Detailed filing data is available for this year.$1.75$0.21$1.54$0.89$0.75$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.32$1.40$0.69$0.68$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.72$0.34$1.39$0.57$0.67$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.70$0.22$1.48$0.88$0.69$0.19
2013Detailed filing. Detailed filing data is available for this year.$1.48$0.18$1.30$0.91$0.71$0.20
2012Summary only. Only limited summary data is available for this year.$1.31$0.21$1.10$0.78$0.73$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.23$1.06$0.64