Civic Intelligence

Solon E and Espie Watts Little Scholarship Loan Fund Inc

990PF • Fiscal year 2017 • EIN 58-1491453

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

43 Union Street SouthConcord, NC 28025

(704) 786-8169

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Source year 2017

Net Margin

3rd percentile

-195%

Higher net margin than 3% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$56,475

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 94.8% of source-year revenue.

2017 filings • $1M-$5M nonprofits • Source year 2017

Asset Growth

14th percentile

-6.6%

Faster asset growth than 14% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Annualized from 2015 to 2017

Revenue Growth

59th percentile

9.1%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Annualized from 2015 to 2017

Assets

Down

$1,881,529

Down $276,709 (-13%) from 2015

Net Assets

$1,881,145

No earlier filing loaded for comparison.

Liabilities

Up

$384

Up $384 from 2015

Revenue

Up

$59,552

Up $9,548 (+19%) from 2015

Expenses

Down

$175,579

Down $189,370 (-52%) from 2015

Net Income

Up

-$116,027

Up $198,918 (+63%) from 2015

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: $2,574,000Liabilities 2011: $102011Assets 2012: $2,459,983Liabilities 2012: $102012Assets 2013: $2,402,555Liabilities 2013: $3642013Assets 2014: $2,293,538Liabilities 2014: $5052014Assets 2015: $2,158,238Liabilities 2015: $02015Assets 2017: $1,881,529Liabilities 2017: $384Net Assets 2017: $1,881,1452017Assets 2018: $1,795,014Liabilities 2018: $555Net Assets 2018: $1,794,4592018Assets 2019: $1,687,224Liabilities 2019: $262Net Assets 2019: $1,686,9622019Assets 2020: $1,588,201Liabilities 2020: $513Net Assets 2020: $1,587,6882020Assets 2021: $1,470,993Liabilities 2021: $666Net Assets 2021: $1,470,3272021Assets 2022: $1,400,022Liabilities 2022: $1,1882022Assets 2023: $1,267,065Liabilities 2023: $882023Assets 2024: $1,136,796Liabilities 2024: $186Net Assets 2024: $1,136,6102024

Highlighted filing

2017

Assets$1,881,529
Liabilities$384
Net Assets$1,881,145

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2011: $79,667Expenses 2011: $359,240Net Income 2011: -$279,5732011Revenue 2012: $57,602Expenses 2012: $348,006Net Income 2012: -$290,4042012Revenue 2013: $81,894Expenses 2013: $390,960Net Income 2013: -$309,0662013Revenue 2014: $76,452Expenses 2014: $370,810Net Income 2014: -$294,3582014Revenue 2015: $50,004Expenses 2015: $364,949Net Income 2015: -$314,9452015Revenue 2017: $59,552Expenses 2017: $175,579Net Income 2017: -$116,0272017Revenue 2018: $70,004Expenses 2018: $156,690Net Income 2018: -$86,6862018Revenue 2019: $38,117Expenses 2019: $145,614Net Income 2019: -$107,4972019Revenue 2020: $47,553Expenses 2020: $146,827Net Income 2020: -$99,2742020Revenue 2021: $59,707Expenses 2021: $177,068Net Income 2021: -$117,3612021Revenue 2022: $92,693Expenses 2022: $166,267Net Income 2022: -$73,5742022Revenue 2023: $11,352Expenses 2023: $143,209Net Income 2023: -$131,8572023Revenue 2024: $16,377Expenses 2024: $146,744Net Income 2024: -$130,3672024

Highlighted filing

2017

Revenue$59,552
Expenses$175,579
Net Income-$116,027
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE L MEDLINPres/Sec/TreasPT$56,475-$56,475
PEGGY H CHAMBERSAsst Sec/TreasFT$49,290-$49,290
Filing and Contact Details

Filer

Filer Name
Solon E & Espie Watts Little
EIN
58-1491453
Phone
7047868169
Address
43 UNION STREET SOUTH, CONCORD, NC 28025

Signing Officer

Name
Steve L Medlin
Title
Chairman
Signed
2018-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Stocks Smith Campbell & Dendy CPAs
Address
PO Box 166, Kannapolis, NC 28082-0166
Preparer
Sherry B Dendy CPA
Phone
7049332181
Raw XML Appendix369 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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IRS990PF/StatementsRegardingActy4720Grp/ExcessBusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd0false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd0false
IRS990PF/StatementsRegardingActy4720Grp/MaintainedExpenditureRspnsInd0false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProceedsOrNetIncomeInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransactionsFailToQlfyAsExcInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistrIncmSect4942a2NotAppInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0false
IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd0false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt043 UNION STREET SOUTH CONCORD NC
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0CONCORD
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0NC
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd028025
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0NC
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0PEGGY CHAMBERS
IRS990PF/StatementsRegardingActyGrp/PhoneNum07047868169
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0THE FOUNDATION ENGAGES SOLELY IN MAKING INTEREST-FREE LOANS TO GRADUATES OF ALEXANDER CENTRAL HIGH SCHOOL. (DETAILS SET FORTH IN ATTACHED BOOKLET.) LOANS WERE MADE TO 75 STUDENTS IN 2017.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt0153922
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0THE FOUNDATION ENGAGES SOLELY IN MAKING INTEREST-FREE LOANS TO GRADUATES OF ALEXANDER CENTRAL HIGH SCHOOL. (DETAILS SET FORTH IN ATTACHED BOOKLET.) LOANS WERE MADE TO 75 STUDENTS IN 2017.
IRS990PF/SumOfProgramRelatedInvstGrp/Expenses1Amt0177000
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt0177000
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0SEE ATTACHMENT.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0STEVE L MEDLIN
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum07047868173
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt043 UNION STREET SOUTH
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0CONCORD
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd0NC
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd028025
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0SEE ATTACHMENT.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0SEE ATTACHMENT.
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0221724
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0221724
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt083461
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt073546
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt091700
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt060191
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt049255
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt049255
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0423627
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0114729
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt083461
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt073546
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt091700
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt060191
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0336453
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0114729
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0472882
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0358153
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt070579
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0Furniture and Fixtures
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt070579
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt00
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt0149
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt0149
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2OFFICE SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4TELEPHONE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt05616
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt13820
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt22379
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt3885
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt45637
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0114
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt178
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt249
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt318
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt4115
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05730
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt13895
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt22428
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt3903
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt45752
OtherIncomeSchedule2/OtherIncomeDetail/Desc0MISCELLANEOUS
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt069
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0FEDERAL EXCISE TAXES PAYABLE
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt0384
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt05100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt112543
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0LOAN COMMITTEE HONORARIAM/EXP
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1MANAGEMENT FEE-WELLS FARGO
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt05100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt112543
TaxesSchedule/TaxesDetail/Amt0440
TaxesSchedule/TaxesDetail/Amt14348
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL EXCISE
TaxesSchedule/TaxesDetail/CategoryTxt1PAYROLL
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt04261
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt087
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE L MEDLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOLON E & ESPIE WATTS LITTLE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOLARSHIP LOAN FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0SOLO
ReturnHeader/Filer/EIN0581491453
ReturnHeader/Filer/PhoneNum07047868169
ReturnHeader/Filer/USAddress/AddressLine1Txt043 UNION STREET SOUTH
ReturnHeader/Filer/USAddress/CityNm0CONCORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028025
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561310626
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stocks Smith Campbell & Dendy CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 166
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kannapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0280820166
ReturnHeader/PreparerPersonGrp/PhoneNum07049332181
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sherry B Dendy CPA
ReturnHeader/ReturnTs02018-05-14T08:36:30-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.00$1.14$0.02$0.15$0.13
2023Summary only. Only limited summary data is available for this year.$1.27$0.00$0.01$0.14$0.13
2022Summary only. Only limited summary data is available for this year.$1.40$0.00$0.09$0.17$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.06$0.18$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.00$1.59$0.05$0.15$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.00$1.69$0.04$0.15$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.00$1.79$0.07$0.16$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.06$0.18$0.12
2015Summary only. Only limited summary data is available for this year.$2.16$0.00$0.05$0.36$0.31
2014Summary only. Only limited summary data is available for this year.$2.29$0.00$0.08$0.37$0.29
2013Summary only. Only limited summary data is available for this year.$2.40$0.00$0.08$0.39$0.31
2012Summary only. Only limited summary data is available for this year.$2.46$0.00$0.06$0.35$0.29
2011Summary only. Only limited summary data is available for this year.$2.57$0.00$0.08$0.36$0.28