Civic Intelligence

Johnston County Economic Development Corporation

990 • Fiscal year 2014 • EIN 58-1670951

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 03, 2015

Organization ProfileWWW.JOHNSTONNC.COM/ED2/INDEX.CF
PO Box 1179Smithfield, NC 27577

(919) 989-5001

Siviq Scores

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

Liabilities / Assets

89th percentile

0.86x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

13.36x

Higher debt load relative to revenue than 98% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

46th percentile

1.5%

Higher net margin than 46% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

31st percentile

-2.2%

Faster asset growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

39th percentile

0.1%

Faster revenue growth than 39% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$4,165,385

Down $95,038 (-2.2%) from 2013

Net Assets

Up

$585,127

Up $3,975 (+0.7%) from 2013

Liabilities

Down

$3,580,258

Down $99,013 (-2.7%) from 2013

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin46th percentile

Revenue

$267,922

No earlier filing loaded for comparison.

Expenses

Down

$263,946

Down $40,419 (-13%) from 2013

Net Income

$3,976

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,662,327Liabilities 2010: $3,953,392Net Assets 2010: $708,9352010Assets 2012: $4,395,715Liabilities 2012: $3,777,841Net Assets 2012: $617,8742012Assets 2013: $4,260,423Liabilities 2013: $3,679,271Net Assets 2013: $581,1522013Assets 2014: $4,165,385Liabilities 2014: $3,580,258Net Assets 2014: $585,1272014Assets 2015: $4,074,817Liabilities 2015: $3,477,160Net Assets 2015: $597,6572015Assets 2016: $3,933,740Liabilities 2016: $3,369,808Net Assets 2016: $563,9322016Assets 2018: $5,063,905Liabilities 2018: $3,141,639Net Assets 2018: $1,922,2662018Assets 2019: $4,919,505Liabilities 2019: $3,020,448Net Assets 2019: $1,899,0572019Assets 2020: $4,715,434Liabilities 2020: $2,894,258Net Assets 2020: $1,821,1762020Assets 2021: $4,541,482Liabilities 2021: $2,762,862Net Assets 2021: $1,778,6202021Assets 2022: $4,418,918Liabilities 2022: $2,626,046Net Assets 2022: $1,792,8722022Assets 2023: $4,270,822Liabilities 2023: $2,485,464Net Assets 2023: $1,785,3582023Assets 2024: $4,168,182Liabilities 2024: $2,383,705Net Assets 2024: $1,784,4772024Assets 2025: $4,784,238Liabilities 2025: $2,229,250Net Assets 2025: $2,554,9882025

Highlighted filing

2014

Assets$4,165,385
Liabilities$3,580,258
Net Assets$585,127
Open 2014 Filing

Operations Trend

Revenue Growth39th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $311,1892010Expenses 2012: $288,6582012Expenses 2013: $304,3652013Revenue 2014: $267,922Expenses 2014: $263,946Net Income 2014: $3,9762014Revenue 2015: $273,214Expenses 2015: $260,684Net Income 2015: $12,5302015Revenue 2016: $302,911Expenses 2016: $336,636Net Income 2016: -$33,7252016Revenue 2018: $1,639,237Expenses 2018: $273,334Net Income 2018: $1,365,9032018Revenue 2019: $248,957Expenses 2019: $272,166Net Income 2019: -$23,2092019Revenue 2020: $261,446Expenses 2020: $339,327Net Income 2020: -$77,8812020Revenue 2021: $243,925Expenses 2021: $286,481Net Income 2021: -$42,5562021Revenue 2022: $275,934Expenses 2022: $261,682Net Income 2022: $14,2522022Revenue 2023: $244,918Expenses 2023: $252,432Net Income 2023: -$7,5142023Revenue 2024: $246,444Expenses 2024: $247,325Net Income 2024: -$8812024Revenue 2025: $1,028,892Expenses 2025: $258,381Net Income 2025: $770,5112025

Highlighted filing

2014

Revenue$267,922
Expenses$263,946
Net Income$3,976
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 3, 2015
Return Version
2013v4.0
Gross Receipts
$267,922
Mission and Program Overview

Mission

Help local organizations in recruiting industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,562,599$3,441,221▼ $121,378
Savings and Temporary Cash Investments$427,601$409,474▼ $18,127
Cash and Non-Interest-Bearing Accounts$257,727$257,860▲ $133
Other Notes and Loans Receivable, Net$12,500$56,830▲ $44,330
Total Assets$4,260,427$4,165,385▼ $95,042
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,541,586$3,446,278▼ $95,308
Accounts Payable and Accrued Expenses$137,685$133,980▼ $3,705
Total Liabilities$3,679,271$3,580,258▼ $99,013
Net Assets / Fund Balance
Temporarily Rstr Net Assets$191,108$215,247▲ $24,139
Permanently Rstr Net Assets$200,330$200,330→ $0
Unrestricted Net Assets$189,718$169,550▼ $20,168
Total Net Assets Fund Balance$581,156$585,127▲ $3,971
Total Liabilities and Net Assets / Fund Balance$4,260,427$4,165,385▼ $95,042

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,240,891$1,245,270$4,486,161
Equipment$21,360$238,365$259,725
Land$200,330-$200,330
Other Land Buildings$7,431$119,034$126,465
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Allen H WellonsPresident
Randy JonesV-president
Brandon HollandDirector
Cheryl L OliverDirector
Clyde CastleberryDirector
Ernest Y Wilkinson JrDirector
Gary WheelerDirector
Jeffery LangstonDirector
Jody L McleodDirector
Kenneth JonesDirector
Michael L MclambDirector
O Hampton Whittington JrDirector
Vic MedlinDirector
Mike FlemingSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$265,539
Program Service Revenue
$0
Investment Income
$2,383
Other Revenue
$0
Change in Net Assets
$3,976

Audited Revenue Reconciliation

Revenue per Audited Statements
$267,922
Total Revenue per Audited Statements
$267,922
Total Revenue per Form 990
$267,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,946
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$142,385--$142,385
Depreciation Depletion$121,378--$121,378
Other Expenses$24--$24
Total Functional Expenses$263,946$0$0$263,946

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$263,951
Expenses per Audited Statements$263,946
Total Expenses per Form 990$263,946
Expenses Not Reported on Form 990$5
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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

“The return is reviewed by the executive director”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

EIN
58-1670951
Phone
9199895001

Signing Officer

Name
Mike Fleming
Title
Secretary & Treasurer
Phone
9199895001
Signed
2015-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allen H Wellons
Formed
1985
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Preparer
C Keith Peedin
Phone
9199346125
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference -5”

Form 990, Part XI, Line 9

“ROUNDING 0”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 5”

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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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IRS990ScheduleA/TotalSupportAmt01355011
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03240891
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01245270
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04486161
IRS990ScheduleD/EquipmentGrp/BookValueAmt021360
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0238365
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0259725
IRS990ScheduleD/ExpensesNotReportedAmt05
IRS990ScheduleD/ExpensesSubtotalAmt0263946
IRS990ScheduleD/LandGrp/BookValueAmt0200330
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200330
IRS990ScheduleD/OtherExpensesIncludedAmt05
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07431
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0119034
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126465
IRS990ScheduleD/RevenueSubtotalAmt0267922
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 5
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03470012
IRS990ScheduleD/TotalExpensesPerForm990Amt0263946
IRS990ScheduleD/TotalRevenuePerForm990Amt0267922
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0267922
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0263951
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE -5
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0191108
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0215247
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04260427
IRS990/TotalAssetsEOYAmt04165385
IRS990/TotalAssetsGrp/BOYAmt04260427
IRS990/TotalAssetsGrp/EOYAmt04165385
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0265539
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0263946
IRS990/TotalFunctionalExpensesGrp/TotalAmt0263946
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03679271
IRS990/TotalLiabilitiesEOYAmt03580258
IRS990/TotalLiabilitiesGrp/BOYAmt03679271
IRS990/TotalLiabilitiesGrp/EOYAmt03580258
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0581156
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0585127
IRS990/TotalProgramServiceExpensesAmt0263946
IRS990/TotalRevenueGrp/ExclusionAmt02383
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0267922
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04260427
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04165385
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0189718
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0169550
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 1179
IRS990/USAddress/City0SMITHFIELD
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode027577
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0HTTP://WWW.JOHNSTONNC.COM/ED2/INDEX.CF
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE FLEMING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY & TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09199895001
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10JOHNSTON COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine20DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0JOHN
ReturnHeader/Filer/EIN0581670951
ReturnHeader/Filer/PhoneNum09199895001
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 1179
ReturnHeader/Filer/USAddress/City0SMITHFIELD
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode027577
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260598586
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10PEEDIN & SASSER CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101389 W MARKET STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SMITHFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode027577
ReturnHeader/PreparerPersonGrp/PhoneNum09199346125
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0C KEITH PEEDIN
ReturnHeader/ReturnTs02015-02-09T14:29:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,165,385
Liabilities
$3,580,258
Net assets
$585,127
Revenue
$267,922
Expenses
$263,946
Net income
$3,976
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$2.23$2.55$1.03$0.26$0.77
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$2.38$1.78$0.25$0.25$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$2.49$1.79$0.24$0.25$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$2.63$1.79$0.28$0.26$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$2.76$1.78$0.24$0.29$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$2.89$1.82$0.26$0.34$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$3.02$1.90$0.25$0.27$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$3.14$1.92$1.64$0.27$1.37
2016Detailed filing. Detailed filing data is available for this year.$3.93$3.37$0.56$0.30$0.34$0.03
2015Detailed filing. Detailed filing data is available for this year.$4.07$3.48$0.60$0.27$0.26$0.01
2014Detailed filing. Detailed filing data is available for this year.$4.17$3.58$0.59$0.27$0.26$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$3.68$0.58$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$3.78$0.62$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$3.95$0.71$0.31