Civic Intelligence

Solon E and Espie Watts Little Scholarship Loan Fund Inc

990PF • Fiscal year 2023 • EIN 58-1491453

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

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

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-1162%

Higher net margin than 1% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$33,878

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 298.4% of source-year revenue.

2023 filings • $1M-$5M nonprofits • Source year 2023

Asset Growth

12th percentile

-9.5%

Faster asset growth than 12% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-88%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Flat

$1,267,065

Flat from 2023

Net Assets

$1,266,977

No earlier filing loaded for comparison.

Liabilities

Flat

$88

Flat from 2023

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin1st percentile

Revenue

Flat

$11,352

Flat from 2023

Expenses

Flat

$143,209

Flat from 2023

Net Income

Flat

-$131,857

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth12th 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: $88Net Assets 2023: $1,266,9772023Assets 2023: $1,267,065Liabilities 2023: $882023Assets 2024: $1,136,796Liabilities 2024: $186Net Assets 2024: $1,136,6102024

Highlighted filing

2023

Assets$1,267,065
Liabilities$88
Net Assets$1,266,977
Open 2023 Filing

Operations Trend

Revenue Growth2nd 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 2023: $11,352Expenses 2023: $143,209Net Income 2023: -$131,8572023Revenue 2024: $16,377Expenses 2024: $146,744Net Income 2024: -$130,3672024

Highlighted filing

2023

Revenue$11,352
Expenses$143,209
Net Income-$131,857
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE L MEDLINPres/Sec/TreasPT$33,878-$33,878
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
2024-05-13
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 Appendix303 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/TitleTxt0Pres/Sec/Treas
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt043 UNION STREET
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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/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0SEE ATTACHMENT.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0SEE ATTACHMENT.
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IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt034030
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt078563
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt084841
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt0119578
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0202033
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0399859
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0404872
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt070579
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0Furniture and Fixtures
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt070579
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2OFFICE SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4TELEPHONE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt02239
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt12862
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt262
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt3298
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt44478
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt046
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt159
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt21
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt36
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt491
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt02285
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt12921
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt263
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt3304
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt44569
OtherIncomeSchedule2/OtherIncomeDetail/Desc0MISCELLANEOUS
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt021
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt01188
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0FEDERAL EXCISE TAXES PAYABLE
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt088
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt05100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt14109
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0LOAN COMMITTEE HONORARIAM/EXP
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1MANAGEMENT FEE-INVESTMENT ACCOUNT
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt05100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt10
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt14109
TaxesSchedule/TaxesDetail/Amt088
TaxesSchedule/TaxesDetail/Amt14537
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL EXCISE
TaxesSchedule/TaxesDetail/CategoryTxt1PAYROLL
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt04446
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt091
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/SignatureDt02024-05-13
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/ReturnTs02024-05-13T06:57:52-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MEDLIN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,267,065
Liabilities
$88
Net assets
$1,266,977
Revenue
$11,352
Expenses
$143,209
Net income
-$131,857
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
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.01$0.14$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