Civic Intelligence

Honorbridge

990 • Fiscal year 2021 • EIN 58-1627444

Jan 01, 2021 to Dec 31, 2021 • Filed on May 03, 2022

909 E Arlington BlvdGreenville, NC 27858

(252) 757-0090

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.15x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.15x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

51st percentile

12%

Higher net margin than 51% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$383,957

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

66th percentile

17%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

91%

Faster revenue growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$47,931,856

Up $9,910,730 (+26%) from 2020

Net Assets

Up

$40,942,907

Up $9,741,652 (+31%) from 2020

Liabilities

Up

$6,988,949

Up $169,078 (+2.5%) from 2020

Revenue

Up

$45,140,800

Up $3,712,615 (+9.0%) from 2020

Expenses

Up

$39,593,135

Up $3,181,106 (+8.7%) from 2020

Net Income

Up

$5,547,665

Up $531,509 (+11%) from 2020

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2019: $29,073,981Liabilities 2019: $2,888,882Net Assets 2019: $26,185,0992019Assets 2020: $38,021,126Liabilities 2020: $6,819,871Net Assets 2020: $31,201,2552020Assets 2021: $47,931,856Liabilities 2021: $6,988,949Net Assets 2021: $40,942,9072021Assets 2022: $66,075,175Liabilities 2022: $19,683,552Net Assets 2022: $46,391,6232022Assets 2024: $74,048,149Liabilities 2024: $21,071,372Net Assets 2024: $52,976,7772024

Highlighted filing

2021

Assets$47,931,856
Liabilities$6,988,949
Net Assets$40,942,907

Operations Trend

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

$80M$60M$40M$20M$0Revenue 2019: $34,188,102Expenses 2019: $30,789,620Net Income 2019: $3,398,4822019Revenue 2020: $41,428,185Expenses 2020: $36,412,029Net Income 2020: $5,016,1562020Revenue 2021: $45,140,800Expenses 2021: $39,593,135Net Income 2021: $5,547,6652021Revenue 2022: $48,929,018Expenses 2022: $43,480,302Net Income 2022: $5,448,7162022Revenue 2024: $60,095,338Expenses 2024: $58,568,744Net Income 2024: $1,526,5942024

Highlighted filing

2021

Revenue$45,140,800
Expenses$39,593,135
Net Income$5,547,665
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.0
Gross Receipts
$45,140,800
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,262,861$13,615,102▲ $6,352,241
Investments in Publicly Traded Securities$12,008,629$12,659,800▲ $651,171
Cash and Non-Interest-Bearing Accounts$11,733,716$11,477,959▼ $255,757
Accounts Receivable$8,537,221$7,791,547▼ $745,674
Pledges and Grants Receivable$916,566$1,554,860▲ $638,294
Prepaid Expenses and Deferred Charges$138,677$166,470▲ $27,793
Total Assets$41,006,301$47,931,856▲ $6,925,555
Other Assets Total$408,631$666,118▲ $257,487
Liabilities
Accounts Payable and Accrued Expenses$4,294,085$2,927,776▼ $1,366,309
Unsecured Notes Loans Payable-$2,462,699-
Other Liabilities$1,316,974$1,598,474▲ $281,500
Total Liabilities$5,611,059$6,988,949▲ $1,377,890
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$35,395,242$40,942,907▲ $5,547,665
Total Net Assets Fund Balance$35,395,242$40,942,907▲ $5,547,665
Total Liabilities and Net Assets / Fund Balance$41,006,301$47,931,856▲ $6,925,555

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,654,613$1,139,056$8,793,669
Buildings$2,352,056$2,353,120$4,705,176
Land$3,319,175-$3,319,175
Leasehold Improvements$289,258$40,400$329,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danielle NiedfeldtC.e.o.FT$355,214$28,743$383,957
Kirk MizelleC.f.o.FT$260,398$21,631$282,029
Melinda LocklearC.q.i.o.FT$197,274$15,399$212,673
Kimberly KoontzC.o.o.FT$196,189$16,155$212,344
Debra BirdOrgan DonorFT$154,090$13,280$167,370
Debra BirdOrgan Donor Coord.-$154,090$13,280$167,370

Board Members and Trustees

NameTitle
D Van Smith JrPresident
Bailey LiipfertBoard Member
Jan Frye HillBoard Member
Kimberly AldermanBoard Member
Latonya JonesBoard Member
Lauren KearnsBoard Member
Michael SmithBoard Member
Peter HeetderksBoard Member
Sherman TransouBoard Member
William KnightBoard Member
Alan C FarneyPast Preside
Stuart KnechtleSecretary
Debbie WhiteTreasurer
Trisha ColemanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$66,624
Program Service Revenue
$42,857,468
Investment Income
$661,848
Other Revenue
$1,554,860
All Other Contributions
$66,624
Change in Net Assets
$5,547,665

Audited Revenue Reconciliation

Revenue per Audited Statements
$45,140,800
Total Revenue per Audited Statements
$45,140,800
Total Revenue per Form 990
$45,140,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,132,877
Salaries, Compensation, and Employee Benefits$16,460,258
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,362,843$2,590,711-$12,953,554
Other Employee Benefits$2,183,694$415,942-$2,599,636
All Other Expenses$1,254,421$534,558-$1,788,979
Fees for Services Other$118,747$857,671-$976,418
Payroll Taxes$761,937$145,131-$907,068
Other Expenses$443,471--$443,471
Depreciation Depletion$360,479--$360,479
Insurance$285,545--$285,545
Occupancy-$123,072-$123,072
Office Expenses-$105,661-$105,661
Advertising$66,664--$66,664
Travel$31,789$33,086-$64,875
Fees for Services Legal-$63,725-$63,725
Fees for Services Accounting-$28,600-$28,600
Total Functional Expenses$34,694,978$4,898,157$0$39,593,135

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$39,593,135
Total Expenses per Audited Statements$39,593,135
Total Expenses per Form 990$39,593,135
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
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation Pay$932,356
Deferred Compensation$666,118
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board members were mailed a copy of the form 990. The form will be reviewed page by page with the finance committee.

Form 990, Page 6, Part VI, Line 12C

All employees and board of directors undergo training on the organization's corporate compliance plan, including the code of conduct section on conflicts of interest. Employee training is annual and board of directors training is every two years.

Form 990, Page 6, Part VI, Line 15A

Carolina donor services utilized the services of gallagher in 2019 to conduct a review of compensation of officers and key employees using comparable data and salary survey tools for salary and benefits. The salary of the ceo is reviewed annually by the executive committee.

Form 990, Page 6, Part VI, Line 15B

Carolina donor services utilized the services of gallagher in 2019 to conduct a review of compensation of officers and key employees using comparable data and salary survey tools for salary and benefits.

Form 990, Page 6, Part VI, Line 19

The organization's form 990 is available via guidestar.com or upon request. The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Honorbridge
EIN
58-1627444
Phone
2527570090
Address
909 E ARLINGTON BLVD, GREENVILLE, NC 27858

Signing Officer

Name
Kirk Mizelle
Title
C.f.o.
Phone
2527579000
Signed
2022-05-03

Organization Details

Principal Officer
Kirk Mizelle
Formed
1985
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
175

Preparer

Firm
Wilson Jones & Griffin Pa
Address
PO BOX 1865, WASHINGTON, NC 27889
Preparer
Lewis Jones
Phone
2529460545
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

SEE ATTACHED STATEMENT.

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