Civic Intelligence

High Point Partnership C/O Kenneth D Smith

990 • Fiscal year 2015 • EIN 58-1365045

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 20, 2016

4035 Premier Drive No 300High Point, NC 27265

(336) 889-8151

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 2015

Liabilities / Revenue

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

85th percentile

21%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

6th percentile

-40%

Faster revenue growth than 6% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $137,061 (-100%) from 2014

Net Assets

Down

$0

Down $97,061 (-100%) from 2014

Liabilities

Down

$0

Down $40,000 (-100%) from 2014

Revenue

Down

$65,142

Down $43,044 (-40%) from 2014

Expenses

Down

$51,512

Down $29,563 (-36%) from 2014

Net Income

Down

$13,630

Down $13,481 (-50%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $67,780Liabilities 2011: $0Net Assets 2011: $67,7802011Assets 2012: $68,402Liabilities 2012: $0Net Assets 2012: $68,4022012Assets 2013: $69,950Liabilities 2013: $0Net Assets 2013: $69,9502013Assets 2014: $137,061Liabilities 2014: $40,000Net Assets 2014: $97,0612014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$150K$100K$50K$0Revenue 2011: $84,267Expenses 2011: $83,377Net Income 2011: $8902011Revenue 2012: $69,383Expenses 2012: $68,761Net Income 2012: $6222012Revenue 2013: $71,340Expenses 2013: $69,792Net Income 2013: $1,5482013Revenue 2014: $108,186Expenses 2014: $81,075Net Income 2014: $27,1112014Revenue 2015: $65,142Expenses 2015: $51,512Net Income 2015: $13,6302015

Highlighted filing

2015

Revenue$65,142
Expenses$51,512
Net Income$13,630
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 20, 2016
Return Version
2015v2.1
Gross Receipts
$65,142
Mission and Program Overview

Mission

Promote economic development in the triad cities of n.c.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$137,061$0▼ $137,061
Cap Stk Tr Prin Current Funds$65,666$0▼ $65,666
Rtn Earn Endowment Incm Other Fnds$31,395$0▼ $31,395
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$137,061$0▼ $137,061
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$40,000$0▼ $40,000
Total Liabilities$40,000$0▼ $40,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$97,061$0▼ $97,061
Total Liabilities and Net Assets / Fund Balance$137,061$0▼ $137,061
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott TilleyChairman
Coy WilliardBoard Member
David CongdonBoard Member
David CouchBoard Member
David MillerBoard Member
Doug BassettBoard Member
Ernie BovioBoard Member
Greg DemkoBoard Member
Greg YorkBoard Member
Leah PriceBoard Member
Mary L BlakneyBoard Member
Nido QubeinBoard Member
Richard WoodBoard Member
Rob Culp IiiBoard Member
Robby PerkinsBoard Member
Royster Tucker IiiBoard Member
Tim IldertonBoard Member
Kenneth SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,000
Program Service Revenue
$0
Investment Income
$142
Other Revenue
$0
Change in Net Assets
$13,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$33,750
Other Expenses$17,762
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$33,750
Fees for Services Legal---$11,680
Other Expenses---$3,374
Conferences and Meetings---$2,287
Fees for Services Accounting---$400
Office Expenses---$21
Total Functional Expenses$0$0$0$51,512
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of High PointHigh Point, NC-To Promote Economic Development of Triad Cities of North Carolina$33,750
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

DOES NOT APPLY

Form 990, Part VI, Section B, Line 11

Form 990 is prepared by the accounting firm, owned by the organization's treasurer. He reviews the return on the organization's behalf before it is filed.

Form 990, Part VI, Section C, Line 19

The organization will provide its governing documents, conflict of interest policy, and financials upon request.

Form 990, Part VII

David couch - 5826 samet drive, ste 105, high point, nc 27262. Kenneth smith - 4035 premier drive, ste 300, high point, nc 27265. Doug bassett - 164 s. Main street, ste 700, high point, nc 27260. David miller - p.o. Box 1067, high point, nc 27261. Coy williard - 449 s. Wrenn street, high point, nc 27260. Greg york - p.o. Box 5668, high point, nc 27262. Leah price - 620 n. Main street, high point, nc 27262. Nido qubein - 833 montlieu avenue, high point, nc 27262. Richard wood - 1725 n. Main street, high point, nc 27262. Tim ilderton - p.o. Box 350, high point, nc 27261. Royster tucker iii - p.o. Box 2326, high point, nc 27261. David congdon - 500 old dominion way, thomasville, nc 27360. Rob culp iii - p.o. Box 2686, high point, nc 27261. Scott tilley - 501 n. Main street, high point, nc 27260. Ernie bovio - p.o. Box hp-5, high point, nc 27261. Greg demko - p.o. Box 230, high point, nc 27261. Robby perkins - 3005 s. Church street, burlington, nc 27215.

Filing and Contact Details

Filer

Filer Name
High Point Partnership
EIN
58-1365045
Phone
3368898151
Address
4035 PREMIER DRIVE NO 300, HIGH POINT, NC 27265

Signing Officer

Name
Kenneth Smith
Title
Treasurer
Phone
3368898151
Signed
2016-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Smith
Formed
1991
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
0

Preparer

Firm
Smith Leonard Pllc
Address
4035 PREMIER DRIVE SUITE 300, HIGH POINT, NC 27265
Preparer
Patrick R Willis
Phone
3368830181
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

This is a final return for high point partnership. The entity ceased operations in 2015. Articles of merger filed with the nc secretary of state are made available upon request.

Balance Sheet

High point partnership ceased operations as an exempt organization under irc section 501(c)(6) during 2015. All remaining cash on hand was transferred to high point chamber of commerce under the merger agreement filed with the north carolina secretary of state. Articles of merger may be provided upon request.

FORM 990, PART XI, LINE 9:

All assets transferred in merger. -110,691.

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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt031395
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0137061
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt033750
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROMOTE ECONOMIC DEVELOPMENT OF TRIAD CITIES OF NORTH CAROLINA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF HIGH POINT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0211 SOUTH HAMILTON STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HIGH POINT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027261
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0HIGH POINT CHAMBER OF COMMERCE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02015-09-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0560473292
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0110691
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01634 N MAIN STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0HIGH POINT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd027262
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: THE FOLLOWING OFFICERS OR DIRECTORS OF THE ORGANIZATION BECAME OFFICERS OR DIRECTORS OF THE TRANSFEREE ORGANIZATION: DAVID CONGDON, DAVID MILLER, GREG YORK, LEAH PRICE, ROB CULP III, NIDO QUBEIN, SCOTT TILLEY, TIM ILDERTON, ROYSTER TUCKER III, ERNIE BOVIO, AND GREG DEMKO.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS IS A FINAL RETURN FOR HIGH POINT PARTNERSHIP. THE ENTITY CEASED OPERATIONS IN 2015. ARTICLES OF MERGER FILED WITH THE NC SECRETARY OF STATE ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOES NOT APPLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY THE ACCOUNTING FIRM, OWNED BY THE ORGANIZATION'S TREASURER. HE REVIEWS THE RETURN ON THE ORGANIZATION'S BEHALF BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DAVID COUCH - 5826 SAMET DRIVE, STE 105, HIGH POINT, NC 27262. KENNETH SMITH - 4035 PREMIER DRIVE, STE 300, HIGH POINT, NC 27265. DOUG BASSETT - 164 S. MAIN STREET, STE 700, HIGH POINT, NC 27260. DAVID MILLER - P.O. BOX 1067, HIGH POINT, NC 27261. COY WILLIARD - 449 S. WRENN STREET, HIGH POINT, NC 27260. GREG YORK - P.O. BOX 5668, HIGH POINT, NC 27262. LEAH PRICE - 620 N. MAIN STREET, HIGH POINT, NC 27262. NIDO QUBEIN - 833 MONTLIEU AVENUE, HIGH POINT, NC 27262. RICHARD WOOD - 1725 N. MAIN STREET, HIGH POINT, NC 27262. TIM ILDERTON - P.O. BOX 350, HIGH POINT, NC 27261. ROYSTER TUCKER III - P.O. BOX 2326, HIGH POINT, NC 27261. DAVID CONGDON - 500 OLD DOMINION WAY, THOMASVILLE, NC 27360. ROB CULP III - P.O. BOX 2686, HIGH POINT, NC 27261. SCOTT TILLEY - 501 N. MAIN STREET, HIGH POINT, NC 27260. ERNIE BOVIO - P.O. BOX HP-5, HIGH POINT, NC 27261. GREG DEMKO - P.O. BOX 230, HIGH POINT, NC 27261. ROBBY PERKINS - 3005 S. CHURCH STREET, BURLINGTON, NC 27215.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HIGH POINT PARTNERSHIP CEASED OPERATIONS AS AN EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(6) DURING 2015. ALL REMAINING CASH ON HAND WAS TRANSFERRED TO HIGH POINT CHAMBER OF COMMERCE UNDER THE MERGER AGREEMENT FILED WITH THE NORTH CAROLINA SECRETARY OF STATE. ARTICLES OF MERGER MAY BE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL ASSETS TRANSFERRED IN MERGER. -110,691.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5BALANCE SHEET
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0137061
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0137061
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt065000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt051512
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040000
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt040000
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097061
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0142
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065142
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0137061
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt040000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0SMITH LEONARD PLLC 4035 PREMIER
IRS990/USAddress/AddressLine2Txt0DRIVE STE 300
IRS990/USAddress/CityNm0HIGH POINT
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027265
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03368898151
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIGH POINT PARTNERSHIP
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O KENNETH D SMITH
ReturnHeader/Filer/BusinessNameControlTxt0HIGH
ReturnHeader/Filer/EIN0581365045
ReturnHeader/Filer/PhoneNum03368898151
ReturnHeader/Filer/USAddress/AddressLine1Txt04035 PREMIER DRIVE NO 300
ReturnHeader/Filer/USAddress/CityNm0HIGH POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027265
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205907591
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH LEONARD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04035 PREMIER DRIVE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HIGH POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC

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