Civic Intelligence

Catawba Regional Development Corporation

990 • Fiscal year 2019 • EIN 57-0738824

Jul 01, 2018 to Jun 30, 2019 • Filed on May 13, 2020

Organization ProfileWWW.CATAWBACOG.ORG
PO Box 450Rock Hill, SC 29731

(803) 327-9041

Siviq Scores

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

Liabilities / Assets

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

8.72x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

33rd percentile

$132,484

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

7th percentile

-11%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$13,376,777

Down $1,594,927 (-11%) from 2018

Net Assets

Up

$2,754,084

Up $1,007,593 (+58%) from 2018

Liabilities

Down

$10,622,693

Down $2,602,520 (-20%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin97th percentile

Revenue

Down

$1,217,642

Down $823,422 (-40%) from 2018

Expenses

Down

$210,049

Down $1,834,905 (-90%) from 2018

Net Income

Up

$1,007,593

Up $1,011,483 (+26002%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $16,835,848Liabilities 2011: $15,912,268Net Assets 2011: $923,5802011Assets 2012: $16,152,192Liabilities 2012: $15,187,889Net Assets 2012: $964,3032012Assets 2013: $15,807,863Liabilities 2013: $14,707,741Net Assets 2013: $1,100,1222013Assets 2014: $16,713,834Liabilities 2014: $15,557,795Net Assets 2014: $1,156,0392014Assets 2015: $15,975,624Liabilities 2015: $14,825,278Net Assets 2015: $1,150,3462015Assets 2016: $14,952,037Liabilities 2016: $13,671,015Net Assets 2016: $1,281,0222016Assets 2017: $15,129,006Liabilities 2017: $13,378,625Net Assets 2017: $1,750,3812017Assets 2018: $14,971,704Liabilities 2018: $13,225,213Net Assets 2018: $1,746,4912018Assets 2019: $13,376,777Liabilities 2019: $10,622,693Net Assets 2019: $2,754,0842019Assets 2020: $3,633,094Liabilities 2020: $981,329Net Assets 2020: $2,651,7652020Assets 2021: $3,494,594Liabilities 2021: $801,482Net Assets 2021: $2,693,1122021Assets 2022: $3,854,658Liabilities 2022: $1,151,808Net Assets 2022: $2,702,8502022Assets 2023: $3,645,577Liabilities 2023: $920,449Net Assets 2023: $2,725,1282023Assets 2024: $3,846,675Liabilities 2024: $870,549Net Assets 2024: $2,976,1262024Assets 2025: $3,750,564Liabilities 2025: $706,045Net Assets 2025: $3,044,5192025

Highlighted filing

2019

Assets$13,376,777
Liabilities$10,622,693
Net Assets$2,754,084
Open 2019 Filing

Operations Trend

Revenue Growth7th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $160,818Expenses 2011: $128,588Net Income 2011: $32,2302011Revenue 2012: $186,085Expenses 2012: $145,362Net Income 2012: $40,7232012Revenue 2013: $178,211Expenses 2013: $205,095Net Income 2013: -$26,8842013Revenue 2014: $261,187Expenses 2014: $205,270Net Income 2014: $55,9172014Revenue 2015: $180,321Expenses 2015: $186,014Net Income 2015: -$5,6932015Revenue 2016: $423,256Expenses 2016: $292,580Net Income 2016: $130,6762016Revenue 2017: $1,946,580Expenses 2017: $1,477,221Net Income 2017: $469,3592017Revenue 2018: $2,041,064Expenses 2018: $2,044,954Net Income 2018: -$3,8902018Revenue 2019: $1,217,642Expenses 2019: $210,049Net Income 2019: $1,007,5932019Revenue 2020: $139,473Expenses 2020: $241,792Net Income 2020: -$102,3192020Revenue 2021: $562,348Expenses 2021: $521,001Net Income 2021: $41,3472021Revenue 2022: $471,946Expenses 2022: $462,208Net Income 2022: $9,7382022Revenue 2023: $350,245Expenses 2023: $327,967Net Income 2023: $22,2782023Revenue 2024: $471,031Expenses 2024: $220,033Net Income 2024: $250,9982024Revenue 2025: $327,548Expenses 2025: $259,155Net Income 2025: $68,3932025

Highlighted filing

2019

Revenue$1,217,642
Expenses$210,049
Net Income$1,007,593
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 13, 2020
Return Version
2018v3.2
Gross Receipts
$1,217,642
Mission and Program Overview

Mission

To promote local economic development and support job creation within local communities by promoting capital aquisition through various federal loan programs and incentives to help local communities with housing and property development.

Economic development and job preservation using various federal and state loan programs for business startup, expansion and working capital. To assist local communities with housing and property development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,936,017$9,768,866▼ $2,167,151
Cash and Non-Interest-Bearing Accounts$1,317,714$1,263,343▼ $54,371
Savings and Temporary Cash Investments$162,545$870,013▲ $707,468
Inventories for Sale or Use$706,100$706,100→ $0
Land, Buildings, and Equipment, Net$561,645$535,868▼ $25,777
Accounts Receivable$33,062$26,761▼ $6,301
Prepaid Expenses and Deferred Charges$11,790$13,867▲ $2,077
Total Assets$14,971,704$13,376,777▼ $1,594,927
Other Assets Total$242,831$191,959▼ $50,872
Liabilities
Tax Exempt Bond Liabilities$11,791,447$9,434,366▼ $2,357,081
Mortgage Notes Payable Secured by Investment Property$1,084,443$945,160▼ $139,283
Other Liabilities$183,706$133,474▼ $50,232
Accounts Payable and Accrued Expenses$160,617$102,893▼ $57,724
Deferred Revenue$5,000$6,800▲ $1,800
Total Liabilities$13,225,213$10,622,693▼ $2,602,520
Net Assets / Fund Balance
Temporarily Rstr Net Assets$242,831$1,269,389▲ $1,026,558
Unrestricted Net Assets$1,069,982$1,062,885▼ $7,097
Permanently Rstr Net Assets$433,678$421,810▼ $11,868
Total Net Assets Fund Balance$1,746,491$2,754,084▲ $1,007,593
Total Liabilities and Net Assets / Fund Balance$14,971,704$13,376,777▼ $1,594,927

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$481,234$577,388$1,058,622
Land$42,500-$42,500
Leasehold Improvements$12,134$6,067$18,201
Other Land Buildings-$6,725$6,725
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
J Randall ImlerSecretary/trPT$132,484$132,484

Board Members and Trustees

NameTitle
Dwight V NeesePresident
Grier SandiferBoard Member
Jim JohnsonBoard Member
Kathy MooreBoard Member
Kelley MorabitoBoard Member
Kevin BlackwoodBoard Member
M Brown FantBoard Member
Russel F PatrickBoard Member
Steve SherrillBoard Member
Todd LumpkinBoard Member
Tony E PopeBoard Member
James a BennettVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,084,108
Program Service Revenue
$51,541
Investment Income
$53,034
Other Revenue
$28,959
Change in Net Assets
$1,007,593

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,217,642
Total Revenue per Audited Statements
$1,217,642
Total Revenue per Form 990
$1,217,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$109,597
Other Expenses$100,452
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$109,597--$109,597
Fees for Services Legal$7,603--$7,603
Insurance$5,352--$5,352
Travel$3,877--$3,877
Other Expenses$1,619--$1,619
All Other Expenses$1,074--$1,074
Office Expenses$453--$453
Total Functional Expenses$210,049$0$0$210,049

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$210,049
Total Expenses per Audited Statements$210,049
Total Expenses per Form 990$210,049
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Catawba Regional CogShared Board MeThe Organization ConNo$162,002
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Maintenance$133,474
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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

“The 990 is reviewed by the board's appointed representative. That review is then discussed at one of the board's regular meetings. The 990 is also available for review at any time by the board.”

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

“Board members complete an updated conflict of interest statement annually”

Form 990, Page 6, Part VI, Line 19

“All documents are available upon request either verbal or written”

Filing and Contact Details

Filer

Filer Name
Catawba Regional Development
EIN
57-0738824
Phone
8033279041
Address
PO BOX 450, ROCK HILL, SC 29731

Signing Officer

Name
J Randall Imler
Title
Secretary/treasurer
Phone
8033279041
Signed
2020-05-13

Organization Details

Principal Officer
J Randall Imler
Formed
1983
Legal Domicile
Sc
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Mckinley Cooper & Co LLC
Address
777 LOWNDES HILL RD BLDG 3 STE 225, GREENVILLE, SC 29607-2131
Preparer
Marcy M Loucks
Phone
8642331800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote local economic development and support job creation within local communities by promoting capital aquisition through various federal loan programs and incentives. To help local communities with housing and property development.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization recognizes the tax benefits from uncertain tax positions only if it is more-likely-than-not that the tax position will be sustained on examination by the taxing suthorities, based on the technical merits of the position. The organization's income tax filings are subject to audit by various taxing authorities. Management believes the adoption of asc 740-10 resulted in no significant impact to the organization's financial statements.”

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IRS990/OfficeExpensesGrp/TotalAmt0453
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0242831
IRS990/OtherAssetsTotalGrp/EOYAmt0191959
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE COSTS
IRS990/OtherExpensesGrp/Desc1SCALF GRANT MATCH
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt050749
IRS990/OtherExpensesGrp/ProgramServicesAmt126616
IRS990/OtherExpensesGrp/ProgramServicesAmt23109
IRS990/OtherExpensesGrp/ProgramServicesAmt31619
IRS990/OtherExpensesGrp/TotalAmt050749
IRS990/OtherExpensesGrp/TotalAmt126616
IRS990/OtherExpensesGrp/TotalAmt23109
IRS990/OtherExpensesGrp/TotalAmt31619
IRS990/OtherLiabilitiesGrp/BOYAmt0183706
IRS990/OtherLiabilitiesGrp/EOYAmt0133474
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1RECOUP ON BAD DEBT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt024239
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14720
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024239
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14720
IRS990/OtherRevenueTotalAmt028959
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0109597
IRS990/OtherSalariesAndWagesGrp/TotalAmt0109597
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt011936017
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09768866
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0433678
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0421810
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011790
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013867
IRS990/PrincipalOfficerNm0J RANDALL IMLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc1215 HAMPTON ST
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0-17556
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt069097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt069097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-17556
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01878629
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05239
IRS990/PYOtherExpensesAmt01953170
IRS990/PYOtherRevenueAmt022010
IRS990/PYProgramServiceRevenueAmt0135186
IRS990/PYRevenuesLessExpensesAmt0-3890
IRS990/PYSalariesCompEmpBnftPaidAmt091784
IRS990/PYTotalExpensesAmt02044954
IRS990/PYTotalRevenueAmt02041064
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01007593
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0162545
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0870013
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt082,313
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01084108
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01878629
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01811945
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0248698
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05023380
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0-17556
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt057562
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023090
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt063096
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0151090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0104873
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0111545
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0138245
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0134621
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0640374
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0-17556
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt057562
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt023090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt063096
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt036613
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt045700
IRS990ScheduleA/OtherIncome509Grp/TotalAmt082313
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97500
IRS990ScheduleA/PublicSupportPY509Pct00.95930
IRS990ScheduleA/PublicSupportTotal509Amt05663754
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01235198
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01983502
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01923490
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0386943
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0134621
IRS990ScheduleA/Total509Grp/TotalAmt05663754
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01217642
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02041064
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01946580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0423556
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0180321
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05809163
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0481234
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0577388
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01058622
IRS990ScheduleD/ExpensesSubtotalAmt0210049
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt042500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt042500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012134
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06067
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018201
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06725
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0133474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED MAINTENANCE
IRS990ScheduleD/RevenueSubtotalAmt01217642
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING SUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. MANAGEMENT BELIEVES THE ADOPTION OF ASC 740-10 RESULTED IN NO SIGNIFICANT IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0535868
IRS990ScheduleD/TotalExpensesPerForm990Amt0210049
IRS990ScheduleD/TotalLiabilityAmt0133474
IRS990ScheduleD/TotalRevenuePerForm990Amt01217642
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01217642
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0210049
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CATAWBA REGIONAL COG
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SHARED BOARD ME
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0162002
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ORGANIZATION CON
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: CATAWBA REGIONAL COG (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SHARED BOARD MEMBERS (D) DESCRIPTION OF TRANSACTION: THE ORGANIZATION CONTRACTS WITH THE COUNCIL TO USE THE COUNCIL'S STAFF, SUPPLIES AND OFFICE FACILITIES FOR DAILY OPERATIONS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE LOCAL ECONOMIC DEVELOPMENT AND SUPPORT JOB CREATION WITHIN LOCAL COMMUNITIES BY PROMOTING CAPITAL AQUISITION THROUGH VARIOUS FEDERAL LOAN PROGRAMS AND INCENTIVES. TO HELP LOCAL COMMUNITIES WITH HOUSING AND PROPERTY DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE BOARD'S APPOINTED REPRESENTATIVE. THAT REVIEW IS THEN DISCUSSED AT ONE OF THE BOARD'S REGULAR MEETINGS. THE 990 IS ALSO AVAILABLE FOR REVIEW AT ANY TIME BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS COMPLETE AN UPDATED CONFLICT OF INTEREST STATEMENT ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST EITHER VERBAL OR WRITTEN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt011791447
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt09434366
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0242831
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01269389
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014971704
IRS990/TotalAssetsEOYAmt013376777
IRS990/TotalAssetsGrp/BOYAmt014971704
IRS990/TotalAssetsGrp/EOYAmt013376777
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01084108
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0210049
IRS990/TotalFunctionalExpensesGrp/TotalAmt0210049
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013225213
IRS990/TotalLiabilitiesEOYAmt010622693
IRS990/TotalLiabilitiesGrp/BOYAmt013225213
IRS990/TotalLiabilitiesGrp/EOYAmt010622693
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01746491
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02754084

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,376,777
Liabilities
$10,622,693
Net assets
$2,754,084
Revenue
$1,217,642
Expenses
$210,049
Net income
$1,007,593
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.75$0.71$3.04$0.33$0.26$0.07
2024Detailed filing. Detailed filing data is available for this year.$3.85$0.87$2.98$0.47$0.22$0.25
2023Detailed filing. Detailed filing data is available for this year.$3.65$0.92$2.73$0.35$0.33$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.85$1.15$2.70$0.47$0.46$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$0.80$2.69$0.56$0.52$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.63$0.98$2.65$0.14$0.24$0.10
2019Detailed filing. Detailed filing data is available for this year.$13.4$10.6$2.75$1.22$0.21$1.01
2018Detailed filing. Detailed filing data is available for this year.$15.0$13.2$1.75$2.04$2.04$0.00
2017Detailed filing. Detailed filing data is available for this year.$15.1$13.4$1.75$1.95$1.48$0.47
2016Detailed filing. Detailed filing data is available for this year.$15.0$13.7$1.28$0.42$0.29$0.13
2015Detailed filing. Detailed filing data is available for this year.$16.0$14.8$1.15$0.18$0.19$0.01
2014Summary only. Only limited summary data is available for this year.$16.7$15.6$1.16$0.26$0.21$0.06
2013Summary only. Only limited summary data is available for this year.$15.8$14.7$1.10$0.18$0.21$0.03
2012Summary only. Only limited summary data is available for this year.$16.2$15.2$0.96$0.19$0.15$0.04
2011Summary only. Only limited summary data is available for this year.$16.8$15.9$0.92$0.16$0.13$0.03