Civic Intelligence

Solon E and Espie Watts Little Scholarship Loan Fund Inc

990PF • Fiscal year 2019 • EIN 58-1491453

Jan 01, 2019 to Dec 31, 2019 • Filed on May 07, 2020

Organization Profile
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

31st percentile

0.00x

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

2019 filings • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Net Margin

2nd percentile

-282%

Higher net margin than 2% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$52,398

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 137.5% of source-year revenue.

2019 filings • $1M-$5M nonprofits • Source year 2019

Asset Growth

16th percentile

-6.0%

Faster asset growth than 16% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-46%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$1,687,224

Down $107,790 (-6.0%) from 2018

Net Assets

Down

$1,686,962

Down $107,497 (-6.0%) from 2018

Liabilities

Down

$262

Down $293 (-53%) from 2018

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin2nd percentile

Revenue

Down

$38,117

Down $31,887 (-46%) from 2018

Expenses

Down

$145,614

Down $11,076 (-7.1%) from 2018

Net Income

Down

-$107,497

Down $20,811 (-24%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

2019

Assets$1,687,224
Liabilities$262
Net Assets$1,686,962
Open 2019 Filing

Operations Trend

Revenue Growth8th percentile

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

2019

Revenue$38,117
Expenses$145,614
Net Income-$107,497
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 7, 2020
Return Version
2019v5.0
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PEGGY H CHAMBERSAsst Sec/TreasFT$52,398-$52,398
STEVE L MEDLINPres/Sec/TreasPT$27,092-$27,092
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
2020-05-07
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 Appendix360 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.

Path#Value
AccountingFeesSchedule/AccountingFeesDetail/AdjustedNetIncomeAmt00
AccountingFeesSchedule/AccountingFeesDetail/Amt06000
AccountingFeesSchedule/AccountingFeesDetail/DisbursementsCharitablePrpsAmt05880
AccountingFeesSchedule/AccountingFeesDetail/NetInvestmentIncomeAmt0120
ExplnOfNonFilingWithAGStmt/ExplanationTxt0NC ATTORNEY GENERAL DOES NOT ACCEPT COPIES OF THE FORM 990-PF.
IRS990PF/AnalysisIncomeProducingActyGrp/DivAndIntFromSecPartVIIGrp/RelatedOrExemptFunctionIncmAmt020224
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/RelatedOrExemptFunctionIncmAmt016619
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/RelatedOrExemptFunctionIncmAmt01099
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc0MISCELLANEOUS
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/RelatedOrExemptFunctionIncmAmt0175
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt038117
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt038117
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesChrtblPrpsAmt05880
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesNetInvstIncmAmt0120
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt06000
IRS990PF/AnalysisOfRevenueAndExpenses/CapGainNetIncmNetInvstIncmAmt016619
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstDsbrsChrtblAmt077902
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstNetInvstIncmAmt01590
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstRevAndExpnssAmt079492
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsNetInvstIncmAmt020224
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsRevAndExpnssAmt020224
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt0-107497
IRS990PF/AnalysisOfRevenueAndExpenses/GrossSalesPriceAmt0415929
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavNetInvstIncmAmt01099
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavRevAndExpnssAmt01099
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesDsbrsChrtblAmt0-135
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesRevAndExpnssAmt0-135
IRS990PF/AnalysisOfRevenueAndExpenses/NetGainSaleAstRevAndExpnssAmt016619
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt026208
IRS990PF/AnalysisOfRevenueAndExpenses/OccupancyDsbrsChrtblAmt014198
IRS990PF/AnalysisOfRevenueAndExpenses/OccupancyNetInvstIncmAmt0290
IRS990PF/AnalysisOfRevenueAndExpenses/OccupancyRevAndExpnssAmt014488
IRS990PF/AnalysisOfRevenueAndExpenses/OthEmplSlrsWgsDsbrsChrtblAmt08796
IRS990PF/AnalysisOfRevenueAndExpenses/OthEmplSlrsWgsNetInvstIncmAmt0180
IRS990PF/AnalysisOfRevenueAndExpenses/OthEmplSlrsWgsRevAndExpnssAmt08976
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesDsbrsChrtblAmt017277
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesNetInvstIncmAmt0352
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt017628
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeRevAndExpnssAmt0175
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesDsbrsChrtblAmt05100
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesNetInvstIncmAmt09108
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesRevAndExpnssAmt014208
IRS990PF/AnalysisOfRevenueAndExpenses/ScheduleBNotRequiredInd0X
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesDsbrsChrtblAmt04601
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesNetInvstIncmAmt094
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt04957
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt0133619
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt011734
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt0145614
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt037942
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt038117
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt0133619
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt011734
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt0145614
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt02019-01-01
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt12000-01-01
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt22000-01-01
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt32000-01-01
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/CostOrOtherBasisAmt0163170
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/CostOrOtherBasisAmt1200478
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/CostOrOtherBasisAmt235662
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt0-532
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt110757
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt25378
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt31016
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt0-532
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt110757
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt25378
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt31016
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt0162638
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt1211235
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt241040
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt31016
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd0P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd1P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd2P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd3P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc0WELLS FARGO ST COVERED SALES
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc1WELLS FARGO LT COVERED SALES
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc2WELLS FARGO NON COVERED SALES
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc3COST BASIS ADJUSTMENT
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt02019-12-31
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt12019-12-31
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt22019-12-31
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt32019-12-31
IRS990PF/CapGainsLossTxInvstIncmDetail/CapitalGainNetIncomeAmt016619
IRS990PF/CapGainsLossTxInvstIncmDetail/NetShortTermCapitalGainLossAmt0-532
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt0-107497
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt01686962
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt01794459
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt01686962
IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt0190791
IRS990PF/DistributableAmountGrp/DistributableBeforeAdjAmt029786
IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt0190791
IRS990PF/DistributableAmountGrp/MinimumInvestmentReturnAmt030048
IRS990PF/DistributableAmountGrp/RecoveriesQualfiedDistriAmt0161005
IRS990PF/DistributableAmountGrp/TaxBasedOnInvestmentIncomeAmt0262
IRS990PF/DistributableAmountGrp/TotalTaxAmt0262
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/DomesticOrgMeetingSect4940eInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt0262
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtotalAmt0262
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt0262
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxDueAmt0262
IRS990PF/FMVAssetsEOYAmt0757143
IRS990PF/Form990PFBalanceSheetsGrp/CashBOYAmt068183
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYAmt041345
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYFMVAmt041345
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsBOYAmt0174585
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYAmt0255181
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYFMVAmt0260520
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockBOYAmt0361751
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYAmt0228329
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYFMVAmt0320548
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipAccumDeprecAmt070579
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipCostOrOtherBssAmt070579
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowFASB117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherLiabilitiesBOYAmt0555
IRS990PF/Form990PFBalanceSheetsGrp/OtherLiabilitiesEOYAmt0262
IRS990PF/Form990PFBalanceSheetsGrp/OtherNtsAndLoansRcvblAmt01027639
IRS990PF/Form990PFBalanceSheetsGrp/OtherNtsAndLoansRcvblBOYAmt01011276
IRS990PF/Form990PFBalanceSheetsGrp/OtherNtsAndLoansRcvblEOYAmt01027639
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt01794459
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningEOYAmt01686962
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstBOYAmt0179219
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYAmt0134730
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYFMVAmt0134730
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt01795014
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt01687224
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt0757143
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt0555
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt0262
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt01795014
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt01687224
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt01794459
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt01686962
IRS990PF/MethodOfAccountingOtherInd0X
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt0610102
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt029033
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt0581069
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt09152
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt00
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt030048
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt0600950
IRS990PF/MinimumInvestmentReturnGrp/ReductionClaimedAmt00
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt0610102
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdCntrctOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt140.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt027092
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt152398
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0STEVE L MEDLIN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1PEGGY H CHAMBERS
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0Pres/Sec/Treas
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1Asst Sec/Treas
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt043 UNION STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt143 UNION STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0CONCORD
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1CONCORD
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd0NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd1NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd028025
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd128025
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjNetVlNoncharitableAssetsAmt0187730
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjNonchrtblNetInvstIncmPctAmt0187992
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr1Amt0314005
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr2Amt0336015
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr3Amt0340722
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr4Amt0343069
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr5Amt0344001
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AverageDistributionRt00.312388
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr1Rt00.36494
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr2Rt00.33427
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr3Rt00.31460
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr4Rt00.28563
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr5Rt00.26250
IRS990PF/QlfyUndSect4940eReducedTaxGrp/LiableSection4942TaxInd0false
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetInvestmentIncomePctAmt0262
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsAmt0600950
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr1Amt0860430
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr2Amt01005229
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr3Amt01083035
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr4Amt01201094
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr5Amt01310469
IRS990PF/QlfyUndSect4940eReducedTaxGrp/QualifyingDistributionsAmt0310369
IRS990PF/QlfyUndSect4940eReducedTaxGrp/TotalDistributionRt01.561938
IRS990PF/QualifyingDistriPartXIIGrp/AdjustedQualifyingDistriAmt0310107
IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt0133619
IRS990PF/QualifyingDistriPartXIIGrp/PctSect4940eOrgNetInvstIncmAmt0262
IRS990PF/QualifyingDistriPartXIIGrp/ProgramRelatedInvstTotalAmt0176750
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt0310369
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt013
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt0THE ENTIRE INCOME OF THE FOUNDATION IS FROM INTEREST, DIVIDENDS, AND OTHER INVESTMENTS. THE FOUNDATION HAS NO OUTSIDE SOURCE OF INCOME SUCH AS FUNDRAISING EVENTS OR CONTRIBUTIONS. THE INCOME IS USED TO PROVIDE INTEREST-FREE LOANS TO GRADUATES OF ALEXANDER CENTRAL HIGH SCHOOL, AS SET FORTH IN THE ATTACHMENT TO STUDENT LOANS.
IRS990PF/StatementsRegardingActy4720Grp/ActsFailToQlfyAsExceptionsInd0false
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd0false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd0false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
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/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 72 STUDENTS IN 2019.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt0116559
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 72 STUDENTS IN 2019.
IRS990PF/SumOfProgramRelatedInvstGrp/Expenses1Amt0176750
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt0176750
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/AppliedToCurrentYearAmt0190791
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0190791
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt087860
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0114729
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt083461
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt073546
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt091700
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt091700
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0479174
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0119578
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt087860
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0114729
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt083461
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt073546
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0310369
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0119578
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0570874
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0451296
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt070579
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0Furniture and Fixtures
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt070579
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt00
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt0-135
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt0135
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2OFFICE SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4TELEPHONE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt05557
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt15210
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt22055
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt31150
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt43305
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0114
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt1106
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt242
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt323
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt467
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05670
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt15314
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt22097
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt31174
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt43373
OtherIncomeSchedule2/OtherIncomeDetail/Desc0MISCELLANEOUS
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0175
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt0555
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0FEDERAL EXCISE TAXES PAYABLE
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt0262
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt05100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt19108
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0LOAN COMMITTEE HONORARIAM/EXP
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1MANAGEMENT FEE-WELLS FARGO
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt05100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt19108
TaxesSchedule/TaxesDetail/Amt0262
TaxesSchedule/TaxesDetail/Amt14695
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL EXCISE
TaxesSchedule/TaxesDetail/CategoryTxt1PAYROLL
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt04601
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt094
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE L MEDLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-07
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/ReturnTs02020-05-07T11:34:01-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,687,224
Liabilities
$262
Net assets
$1,686,962
Revenue
$38,117
Expenses
$145,614
Net income
-$107,497
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
2019Detailed filing. Detailed filing data is available for this year.$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