Civic Intelligence

Southeast Booksellers Assoc Inc

EIN 64-0695341 • 501(c)6 • Asheville, NC

Profile

Association suppots activities of members who are booksellers in physical locations in the southeast.

51 Pleasant Ridge DriveAsheville, NC 28805

www.sibaweb.com

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

26th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

61st percentile

7.6%

Higher net margin than 61% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$104,910

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

6.8%

Faster revenue growth than 55% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$131,076

Up $14,132 (+12%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Up

$131,076

Up $14,132 (+12%) from 2018

Revenue

Up

$462,568

Up $29,352 (+6.8%) from 2018

Expenses

Down

$427,250

Down $29,163 (-6.4%) from 2018

Net Income

Up

$35,318

Up $58,515 (+252%) from 2018

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $128,182Liabilities 2011: $1,973Net Assets 2011: $126,2092011Assets 2012: $113,001Liabilities 2012: $6,897Net Assets 2012: $106,1042012Assets 2013: $100,215Liabilities 2013: $7,500Net Assets 2013: $92,7152013Assets 2014: $125,562Liabilities 2014: $8,412Net Assets 2014: $117,1502014Assets 2015: $129,734Liabilities 2015: $7,800Net Assets 2015: $121,9342015Assets 2016: $146,791Liabilities 2016: $22,789Net Assets 2016: $124,0022016Assets 2017: $141,524Liabilities 2017: $3,500Net Assets 2017: $138,0242017Assets 2018: $116,944Liabilities 2018: $0Net Assets 2018: $116,9442018Assets 2019: $131,076Liabilities 2019: $0Net Assets 2019: $131,0762019

Highlighted filing

2019

Assets$131,076
Liabilities$0
Net Assets$131,076

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $227,779Expenses 2011: $223,815Net Income 2011: $3,9642011Revenue 2012: $228,160Expenses 2012: $248,265Net Income 2012: -$20,1052012Revenue 2013: $220,571Expenses 2013: $233,960Net Income 2013: -$13,3892013Revenue 2014: $355,050Expenses 2014: $327,641Net Income 2014: $27,4092014Revenue 2015: $339,664Expenses 2015: $334,880Net Income 2015: $4,7842015Revenue 2016: $369,620Expenses 2016: $367,676Net Income 2016: $1,9442016Revenue 2017: $426,387Expenses 2017: $412,365Net Income 2017: $14,0222017Revenue 2018: $433,216Expenses 2018: $456,413Net Income 2018: -$23,1972018Revenue 2019: $462,568Expenses 2019: $427,250Net Income 2019: $35,3182019

Highlighted filing

2019

Revenue$462,568
Expenses$427,250
Net Income$35,318

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 14, 2020
Return Version
2019v5.0
Gross Receipts
$569,311
Mission and Program Overview

Mission

Association suppots activities of members who are booksellers in physical locations in the southeast.

Association supports activities of members who are booksellers in physical locations in the southeast.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$113,904$128,676▲ $14,772
Land, Buildings, and Equipment, Net$3,040$2,400▼ $640
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$116,944$131,076▲ $14,132
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$116,944$131,076▲ $14,132
Total Net Assets Fund Balance$116,944$131,076▲ $14,132
Total Liabilities and Net Assets / Fund Balance$116,944$131,076▲ $14,132

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,400$800$3,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wanda JewellExceutive DirecFT$104,910$104,910

Board Members and Trustees

NameTitle
Jamie Rogers SouthernBoard Member
Janet GeddisBoard Member
Kelly JusticeBoard Member
Kimberly Daniels TawsBoard Member
Shane GottwalsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$408,559
Investment Income
$0
Other Revenue
$54,009
Change in Net Assets
$35,318

Audited Revenue Reconciliation

Revenue per Audited Statements
$462,568
Revenue Not Reported on Form 990
$106,743
Total Revenue per Audited Statements
$569,311
Total Revenue per Form 990
$462,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,219
Salaries, Compensation, and Employee Benefits$188,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$146,522--$146,522
Current Officers, Directors, Trustees, and Key Employees$87,897$3,899-$91,796
Other Salaries and Wages$44,011$1,953-$45,964
Pension Plan Contributions$37,735$1,674-$39,409
Conferences and Meetings$26,395$1,670-$28,065
Advertising$22,403--$22,403
Payroll Taxes$10,112$750-$10,862
Fees for Services Legal-$6,602-$6,602
Fees for Services Accounting-$5,500-$5,500
Insurance$1,290$1,278-$2,568
Office Expenses$840$78-$918
Other Expenses$677$3,443-$677
Depreciation Depletion-$640-$640
Total Functional Expenses$399,763$27,487$0$427,250

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$555,179
Expenses per Audited Statements$427,250
Total Expenses per Form 990$427,250
Expenses Not Reported on Form 990$127,929
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$160,752
Fundraising Direct Expenses$106,743
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tradeshow$160,752$160,752$106,743$54,009
Total Events$160,752$160,752$106,743$54,009
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
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, Part VI, Line 11B: Form 990 Review Process

The Executive Director reviews the Form 990 prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Disclosure of governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Southeast Booksellers Assoc Inc
EIN
64-0695341
Phone
8039949530
Address
51 PLEASANT RIDGE DRIVE, ASHEVILLE, NC 28805

Signing Officer

Name
Wanda Jewell
Title
Exceutive Direc
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wanda Jewell
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
20

Preparer

Firm
The Hobbs Group PA
Address
1704 Laurel Street, Columbia, SC 29201
Preparer
Will Stevens CPA
Phone
8037990555
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Payroll from New Entity = -$21186

Doing Business As - Additional Names

Alliance

Form 990, Part V, Line 1C - Reportable Payments

The organization had no reportable payments to a vendor requiring compliance with backup withholding rules, nor did they provide any reportable gaming, gambling, or winnings to a prize winner.

Financial Statement Notes

Part X : FIN48 Footnote

SIBA has received a determination letter from the Internal Revenue Service (IRS) indicating it is a tax-exempt organization under Section 501(c)(6) of the Internal Revenue Code and is subject to federal income tax only on unrelated business income. Management is not aware of any transactions which would jeopardize their tax-exempt status.Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by SIBA and to recognize a tax liability (or asset) if SIBA has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by SIBA and has concluded that as of December 31, 2019 and 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. SIBA is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for fiscal years prior to 2016. U.S. state jurisdictions have statutes of limitations that generally range from three to five years. Currently no audits for any tax periods are in progress.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising Expense $106743

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising Expenses $106743 PR NEW ENTITY $21186

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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0408559
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02400
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0800
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03200
IRS990ScheduleD/ExpensesNotReportedAmt0127929
IRS990ScheduleD/ExpensesSubtotalAmt0427250
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0127929
IRS990ScheduleD/OtherRevenueAmt0106743
IRS990ScheduleD/RevenueNotReportedAmt0106743
IRS990ScheduleD/RevenueSubtotalAmt0462568
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SIBA has received a determination letter from the Internal Revenue Service (IRS) indicating it is a tax-exempt organization under Section 501(c)(6) of the Internal Revenue Code and is subject to federal income tax only on unrelated business income. Management is not aware of any transactions which would jeopardize their tax-exempt status.Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by SIBA and to recognize a tax liability (or asset) if SIBA has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by SIBA and has concluded that as of December 31, 2019 and 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. SIBA is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for fiscal years prior to 2016. U.S. state jurisdictions have statutes of limitations that generally range from three to five years. Currently no audits for any tax periods are in progress.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising Expense $106743
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Expenses $106743 PR NEW ENTITY $21186
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02400
IRS990ScheduleD/TotalExpensesPerForm990Amt0427250
IRS990ScheduleD/TotalRevenuePerForm990Amt0462568
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0569311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0555179
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0106743
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Tradeshow
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0160752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0160752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0160752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0160752
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt054009
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0106743
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0106743
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Director reviews the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Disclosure of governing documents, policies, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Payroll from New Entity = -$21186
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Alliance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization had no reportable payments to a vendor requiring compliance with backup withholding rules, nor did they provide any reportable gaming, gambling, or winnings to a prize winner.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Doing Business As - Additional Names
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part V, Line 1c - Reportable Payments
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Southern Independent Bookseller
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0842064203
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0supports activities of members who are booksellers
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0140 N W Broad Street
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Southern Pines
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd028387
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0The Disregarded Entity, Southern Independent Bookseller (EIN: 84-2064203) paid for payroll of the organization for one pay period at the end of the year.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Southern Independent Bookseller
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0116944
IRS990/TotalAssetsEOYAmt0131076
IRS990/TotalAssetsGrp/BOYAmt0116944
IRS990/TotalAssetsGrp/EOYAmt0131076
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027487
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0399763
IRS990/TotalFunctionalExpensesGrp/TotalAmt0427250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0116944
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0131076
IRS990/TotalProgramServiceExpensesAmt0399763
IRS990/TotalProgramServiceRevenueAmt0408559
IRS990/TotalReportableCompFromOrgAmt0104910
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0408559
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0462568
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0116944
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0131076
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt051 PLEASANT RIDGE DRIVE
IRS990/USAddress/CityNm0ASHEVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028805
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SIBAWEB.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Wanda Jewell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Exceutive Direc
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHEAST BOOKSELLERS ASSOC INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0640695341
ReturnHeader/Filer/PhoneNum08039949530
ReturnHeader/Filer/USAddress/AddressLine1Txt051 PLEASANT RIDGE DRIVE
ReturnHeader/Filer/USAddress/CityNm0ASHEVILLE

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