Civic Intelligence

North Carolina Textile Museum Inc

EIN 61-1870612 • 501(c)3 • Little River, SC

Profile

To construct and operate a museum dedicated to the textile industry.

151 Pinnacle PlaceLittle River, SC 29566

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

52nd percentile

-0.3%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Assets

Down

$290,970

Down $1,000 (-0.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$290,970

Down $1,000 (-0.3%) from 2020

Revenue

Flat

$0

Flat from 2020

Expenses

Down

$1,000

Down $281,470 (-100%) from 2020

Net Income

Up

-$1,000

Up $281,470 (+100%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2017: $1Liabilities 2017: $02017Assets 2019: $574,440Liabilities 2019: $0Net Assets 2019: $574,4402019Assets 2020: $291,970Liabilities 2020: $0Net Assets 2020: $291,9702020Assets 2021: $290,970Liabilities 2021: $0Net Assets 2021: $290,9702021

Highlighted filing

2021

Assets$290,970
Liabilities$0
Net Assets$290,970

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2019: $574,460Expenses 2019: $20Net Income 2019: $574,4402019Revenue 2020: $0Expenses 2020: $282,470Net Income 2020: -$282,4702020Revenue 2021: $0Expenses 2021: $1,000Net Income 2021: -$1,0002021

Highlighted filing

2021

Revenue$0
Expenses$1,000
Net Income-$1,000

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

To construct and operate a museum dedicated to the textile industry.

To build and operate a museum dedicated to the textile industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$291,970$290,970▼ $1,000
Rtn Earn Endowment Incm Other Fnds$291,970$290,970▼ $1,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$291,970$290,970▼ $1,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$291,970$290,970▼ $1,000
Total Liabilities and Net Assets / Fund Balance$291,970$290,970▼ $1,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bobby R HallTrustee
Larry OldhamTrustee
Richard S BrownTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,000
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
Fees for Services Accounting$1,000--$1,000
Total Functional Expenses$1,000$0$0$1,000
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
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
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, Part VI, Section B, Line 11B

The form 990 was reviewed by the president of the board prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members are required to sign a conflict of interest policy and disclose any potential conflicts at board meetings throughout the year.

Form 990, Part VI, Section C, Line 19

The organization currently does not make its governing documents available to the public.

Filing and Contact Details

Filer

Filer Name
North Carolina Textile Museum Inc
EIN
61-1870612
Phone
8432800130
Address
151 PINNACLE PLACE, LITTLE RIVER, SC 29566

Signing Officer

Name
Bobby R Hall
Title
Trustee
Phone
8432800130
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobby R Hall
Formed
2018
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Forvis Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Jeremy Naess
Phone
8282542254
Raw XML Appendix257 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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IRS990/GrantsToIndividualsInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IRPDocumentCnt00
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IRS990/MoreThan5000KToIndividualsInd00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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