Civic Intelligence

Citizens Economic Development Inc.

990 • Fiscal year 2021 • EIN 58-1745911

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 21, 2021

Organization ProfileN/A
PO Box 66Wentworth, NC 27375-0205

(336) 342-8138

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.36x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Net Margin

24th percentile

-2.8%

Higher net margin than 24% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Asset Growth

31st percentile

-0.0%

Faster asset growth than 31% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

54%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$3,464,791

Down $1,357 (-0.0%) from 2020

Net Assets

Down

$3,400,395

Down $4,988 (-0.1%) from 2020

Liabilities

Up

$64,396

Up $3,631 (+6.0%) from 2020

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin24th percentile

Revenue

Up

$178,709

Up $62,902 (+54%) from 2020

Expenses

Up

$183,697

Up $56,555 (+44%) from 2020

Net Income

Up

-$4,988

Up $6,347 (+56%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $3,821,254Liabilities 2012: $52,163Net Assets 2012: $3,769,0912012Assets 2013: $3,665,332Liabilities 2013: $71,806Net Assets 2013: $3,593,5262013Assets 2014: $3,640,517Liabilities 2014: $46,301Net Assets 2014: $3,594,2162014Assets 2015: $3,670,155Liabilities 2015: $77,506Net Assets 2015: $3,592,6492015Assets 2016: $3,799,116Liabilities 2016: $78,650Net Assets 2016: $3,720,4662016Assets 2017: $3,767,601Liabilities 2017: $44,602Net Assets 2017: $3,722,9992017Assets 2018: $3,651,163Liabilities 2018: $50,190Net Assets 2018: $3,600,9732018Assets 2019: $3,501,181Liabilities 2019: $84,465Net Assets 2019: $3,416,7162019Assets 2020: $3,466,148Liabilities 2020: $60,765Net Assets 2020: $3,405,3832020Assets 2021: $3,464,791Liabilities 2021: $64,396Net Assets 2021: $3,400,3952021Assets 2022: $3,456,679Liabilities 2022: $41,269Net Assets 2022: $3,415,4102022Assets 2023: $3,439,366Liabilities 2023: $41,269Net Assets 2023: $3,398,0972023Assets 2024: $3,223,082Liabilities 2024: $0Net Assets 2024: $3,223,0822024Assets 2025: $3,524,457Liabilities 2025: $0Net Assets 2025: $3,524,4572025

Highlighted filing

2021

Assets$3,464,791
Liabilities$64,396
Net Assets$3,400,395
Open 2021 Filing

Operations Trend

Revenue Growth80th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2012: $590,087Expenses 2012: $498,985Net Income 2012: $91,1022012Revenue 2013: $437,746Expenses 2013: $613,311Net Income 2013: -$175,5652013Revenue 2014: $464,754Expenses 2014: $464,063Net Income 2014: $6912014Revenue 2015: $91,422Expenses 2015: $96,828Net Income 2015: -$5,4062015Revenue 2016: $25,792Expenses 2016: $16,324Net Income 2016: $9,4682016Revenue 2017: $47,927Expenses 2017: $49,300Net Income 2017: -$1,3732017Revenue 2018: $37,070Expenses 2018: $36,905Net Income 2018: $1652018Revenue 2019: $43,793Expenses 2019: $228,050Net Income 2019: -$184,2572019Revenue 2020: $115,807Expenses 2020: $127,142Net Income 2020: -$11,3352020Revenue 2021: $178,709Expenses 2021: $183,697Net Income 2021: -$4,9882021Revenue 2022: $61,166Expenses 2022: $68,767Net Income 2022: -$7,6012022Revenue 2023: $93,094Expenses 2023: $109,658Net Income 2023: -$16,5642023Revenue 2024: $89,514Expenses 2024: $35,064Net Income 2024: $54,4502024Revenue 2025: $341,116Expenses 2025: $39,741Net Income 2025: $301,3752025

Highlighted filing

2021

Revenue$178,709
Expenses$183,697
Net Income-$4,988
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 21, 2021
Return Version
2020v4.1
Gross Receipts
$178,709
Mission and Program Overview

Mission

Economic Development

Economic Development Rockingham County, North Carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$352,804$351,447▼ $1,357
Cash and Non-Interest-Bearing Accounts$1,050$1,050→ $0
Land, Buildings, and Equipment, Net$477$477→ $0
Total Assets$3,466,148$3,464,791▼ $1,357
Other Assets Total$3,111,817$3,111,817→ $0
Liabilities
Accounts Payable and Accrued Expenses$60,765$64,396▲ $3,631
Total Liabilities$60,765$64,396▲ $3,631
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,405,383$3,400,395▼ $4,988
Total Net Assets Fund Balance$3,405,383$3,400,395▼ $4,988
Total Liabilities and Net Assets / Fund Balance$3,466,148$3,464,791▼ $1,357

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$477$47,875$48,352
Land$0--
Other Assets Org$3,111,817--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
PDF AttachedNa
Revenue and Support

Revenue Composition

Contributions and Grants
$178,621
Program Service Revenue
$0
Investment Income
$88
Other Revenue
$0
All Other Contributions
$1,595
Change in Net Assets
$-4,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$140,876
Other Expenses$42,821
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$140,876--$140,876
Fees for Services Accounting$0$5,890$0$5,890
Travel$2,541$0$0$2,541
Office Expenses$0$2,136$0$2,136
Insurance$0$1,468$0$1,468
Conferences and Meetings$1,203$0$0$1,203
Other Expenses$0$252$0$252
Total Functional Expenses$173,951$9,746$0$183,697
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rockingham County SchoolsEden, NC-Safety & Technology$39,938
Rockingham Community CollegeWentworth, NC-Safety & Technology$35,734
The Reidsville Chamber of CommerceReidsville, NC-Resources for displaced workers$7,275
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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
Filing and Contact Details

Filer

Filer Name
Citizens Economic Development Inc
EIN
58-1745911
Phone
3363428138
Address
PO Box 66, Wentworth, NC 27375-0205

Signing Officer

Name
Grayson Whitt
Title
Chairman
Phone
3363428138
Signed
2021-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Grayson Whitt
Formed
1987
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
1

Preparer

Firm
Kimberly Brown and Associates LLC
Address
426 W KINGS HWY, EDEN, NC 27288
Preparer
Kimberly B Brown
Phone
3366275111
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Reviewed at Board Meeting”

Pt VI, Line 1A

“List attached”

Pt VI, Line 12C

“Reviewed list of directors and their associations”

Other

“Part V, Line 1a. 75 on 1096 for 1099-Misc for 2020 and 2 on 1096 for 1099-NEC for 2020, for a total of 77.”

Pt VI, Line 19

“Available upon request”

Pt VI, Line 18

“Available upon request”

Raw XML Appendix384 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed at Board Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1List attached
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED LIST OF DIRECTORS AND THEIR ASSOCIATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part V, Line 1a. 75 on 1096 for 1099-Misc for 2020 and 2 on 1096 for 1099-NEC for 2020, for a total of 77.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 18
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum03363428138
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-21
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-09
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ReturnHeader/ReturnTs02021-11-09T12:13:27-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Grayson
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,464,791
Liabilities
$64,396
Net assets
$3,400,395
Revenue
$178,709
Expenses
$183,697
Net income
-$4,988
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.00$3.52$0.34$0.04$0.30
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.00$3.22$0.09$0.04$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.04$3.40$0.09$0.11$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.46$0.04$3.42$0.06$0.07$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.46$0.06$3.40$0.18$0.18$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$0.06$3.41$0.12$0.13$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$0.08$3.42$0.04$0.23$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$0.05$3.60$0.04$0.04$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$0.04$3.72$0.05$0.05$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.80$0.08$3.72$0.03$0.02$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.67$0.08$3.59$0.09$0.10$0.01
2014Summary only. Only limited summary data is available for this year.$3.64$0.05$3.59$0.46$0.46$0.00
2013Summary only. Only limited summary data is available for this year.$3.67$0.07$3.59$0.44$0.61$0.18
2012Summary only. Only limited summary data is available for this year.$3.82$0.05$3.77$0.59$0.50$0.09