Civic Intelligence

Solon E and Espie Watts Little Scholarship Loan Fund Inc

990PF • Fiscal year 2022 • EIN 58-1491453

Jan 01, 2022 to Dec 31, 2022 • Filed on May 31, 2023

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

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

Net Margin

10th percentile

-79%

Higher net margin than 10% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

62nd percentile

$59,346

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 64.0% of source-year revenue.

2022 filings • $1M-$5M nonprofits • Source year 2022

Asset Growth

31st percentile

-4.8%

Faster asset growth than 31% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

55%

Faster revenue growth than 83% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets35th percentile

Assets

Flat

$1,400,022

Flat from 2022

Net Assets

$1,398,834

No earlier filing loaded for comparison.

Liabilities

Flat

$1,188

Flat from 2022

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin10th percentile

Revenue

Flat

$92,693

Flat from 2022

Expenses

Flat

$166,267

Flat from 2022

Net Income

Flat

-$73,574

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st 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: $1,188Net Assets 2022: $1,398,8342022Assets 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

2022

Assets$1,400,022
Liabilities$1,188
Net Assets$1,398,834
Open 2022 Filing

Operations Trend

Revenue Growth83rd 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 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

2022

Revenue$92,693
Expenses$166,267
Net Income-$73,574
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 31, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PEGGY H CHAMBERSAsst Sec/TreasFT$59,346-$59,346
STEVE L MEDLINPres/Sec/TreasPT$24,969-$24,969
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
Trustee
Signed
2023-05-31
Discuss with paid preparer
Yes

Preparer

Firm
Stocks Smith Campbell & Dendy CPAs
Address
PO Box 166, Kannapolis, NC 28082
Preparer
Sherry B Dendy CPA
Phone
7049332181
Raw XML Appendix345 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/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0STEVE L MEDLIN
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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.
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IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt0144951
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 28 STUDENTS IN 2022.
IRS990PF/SumOfProgramRelatedInvstGrp/Expenses1Amt0144951
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt0144951
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
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0218997
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0218997
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt078563
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt084841
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt0119578
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt087860
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt0114729
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt0114729
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0404872
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt034030
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt078563
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt084841
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0119578
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt087860
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0253027
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt034030
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0519601
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0485571
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt070579
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0Furniture and Fixtures
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt070579
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt00
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt05240
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt05240
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1LOAN FORGIVEN DUE TO CONDITIONS MET
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2LOAN FORGIVEN DUE TO PAYMENT AGREEMENT
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4OFFICE SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6TELEPHONE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt06018
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt11750
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt211325
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt38156
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt41221
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt5463
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt62035
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0123
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt1166
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt224
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt39
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt442
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt06141
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt11750
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt211325
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt38322
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt41245
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt5472
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt62077
OtherIncomeSchedule2/OtherIncomeDetail/Desc0MISCELLANEOUS
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0140
OtherIncreasesSchedule/OtherIncreasesDetail/Amt02081
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0ADDITIONAL RESTRICTED FUNDS ADDED
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt0666
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0FEDERAL EXCISE TAXES PAYABLE
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt01188
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt05100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt14305
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0LOAN COMMITTEE HONORARIAM/EXP
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1MANAGEMENT FEE-INVESTMENT ACCOUNT
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt05100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt14305
TaxesSchedule/TaxesDetail/Amt01188
TaxesSchedule/TaxesDetail/Amt15302
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL EXCISE
TaxesSchedule/TaxesDetail/CategoryTxt1PAYROLL
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt05196
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0106
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE L MEDLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-31
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/IRSResponsiblePrtyInfoCurrInd0true
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/ZIPCd028082
ReturnHeader/PreparerPersonGrp/PhoneNum07049332181
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sherry B Dendy CPA
ReturnHeader/ReturnTs02023-05-31T07:05:55-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MEDLIN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,400,022
Liabilities
$1,188
Net assets
$1,398,834
Revenue
$92,693
Expenses
$166,267
Net income
-$73,574
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
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.09$0.17$0.07
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