Civic Intelligence

The Afas Group

990 • Fiscal year 2020 • EIN 75-3251740

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 16, 2021

630 N Liberty StreetWinstonsalem, NC 27101

(336) 416-0089

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • NTEE A • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.20x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • NTEE A • $5M-$10M nonprofits • Source year 2020

Net Margin

1st percentile

-847%

Higher net margin than 1% of similar nonprofits.

2020 filings • NTEE A • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

28th percentile

$0

Higher top officer pay than 28% of similar nonprofits.

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

2020 filings • NTEE A • $5M-$10M nonprofits • Source year 2020

Asset Growth

11th percentile

-3.8%

Faster asset growth than 11% of similar nonprofits.

2020 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-62%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$5,658,909

Down $224,528 (-3.8%) from 2019

Net Assets

Down

$5,653,513

Down $224,570 (-3.8%) from 2019

Liabilities

Up

$5,396

Up $42 (+0.8%) from 2019

Revenue

Down

$26,527

Down $43,838 (-62%) from 2019

Expenses

Up

$251,097

Up $23,027 (+10%) from 2019

Net Income

Down

-$224,570

Down $66,865 (-42%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $88,520Liabilities 2011: $02011Assets 2012: $152,760Liabilities 2012: $02012Assets 2013: $142,388Liabilities 2013: $02013Assets 2014: $2,128,849Liabilities 2014: $0Net Assets 2014: $2,128,8492014Assets 2015: $2,760,627Liabilities 2015: $0Net Assets 2015: $2,760,6272015Assets 2016: $5,708,414Liabilities 2016: $0Net Assets 2016: $5,708,4142016Assets 2017: $6,255,562Liabilities 2017: $4,602Net Assets 2017: $6,250,9602017Assets 2018: $6,041,092Liabilities 2018: $5,304Net Assets 2018: $6,035,7882018Assets 2019: $5,883,437Liabilities 2019: $5,354Net Assets 2019: $5,878,0832019Assets 2020: $5,658,909Liabilities 2020: $5,396Net Assets 2020: $5,653,5132020Assets 2021: $5,483,370Liabilities 2021: $4,966Net Assets 2021: $5,478,4042021Assets 2022: $5,390,389Liabilities 2022: $5,236Net Assets 2022: $5,385,1532022Assets 2023: $5,186,723Liabilities 2023: $5,074Net Assets 2023: $5,181,6492023Assets 2024: $5,023,923Liabilities 2024: $5,236Net Assets 2024: $5,018,6872024

Highlighted filing

2020

Assets$5,658,909
Liabilities$5,396
Net Assets$5,653,513

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $103,229Expenses 2011: $57,330Net Income 2011: $45,8992011Revenue 2012: $174,833Expenses 2012: $110,593Net Income 2012: $64,2402012Revenue 2013: $122,448Expenses 2013: $132,820Net Income 2013: -$10,3722013Revenue 2014: $2,107,058Expenses 2014: $120,597Net Income 2014: $1,986,4612014Revenue 2015: $736,015Expenses 2015: $104,237Net Income 2015: $631,7782015Revenue 2016: $3,066,628Expenses 2016: $118,841Net Income 2016: $2,947,7872016Revenue 2017: $765,604Expenses 2017: $223,058Net Income 2017: $542,5462017Revenue 2018: $38,292Expenses 2018: $253,464Net Income 2018: -$215,1722018Revenue 2019: $70,365Expenses 2019: $228,070Net Income 2019: -$157,7052019Revenue 2020: $26,527Expenses 2020: $251,097Net Income 2020: -$224,5702020Revenue 2021: -$62,899Expenses 2021: $112,210Net Income 2021: -$175,1092021Revenue 2022: $34,902Expenses 2022: $128,153Net Income 2022: -$93,2512022Revenue 2023: -$88,317Expenses 2023: $115,187Net Income 2023: -$203,5042023Revenue 2024: -$64,525Expenses 2024: $98,437Net Income 2024: -$162,9622024

Highlighted filing

2020

Revenue$26,527
Expenses$251,097
Net Income-$224,570
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 16, 2021
Return Version
2020v4.1
Gross Receipts
$85,957
Mission and Program Overview

Mission

Build, educate and celebrate community through art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,878,083$5,653,513▼ $224,570
Land, Buildings, and Equipment, Net$5,679,775$5,523,945▼ $155,830
Cash and Non-Interest-Bearing Accounts$203,662$134,964▼ $68,698
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,883,437$5,658,909▼ $224,528
Liabilities
Other Liabilities$5,354$5,396▲ $42
Total Liabilities$5,354$5,396▲ $42
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,878,083$5,653,513▼ $224,570
Total Liabilities and Net Assets / Fund Balance$5,883,437$5,658,909▼ $224,528

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,546,638$485,024$5,031,662
Land$819,236-$819,236
Other Land Buildings$112,779$52,991$165,770
Equipment$45,292$78,273$123,565
Compensation and Service Providers

Board Members and Trustees

NameTitle
Harry KnabbChair
Sylvia GreenVice Chair
Gwen ScottTreasure
Revenue and Support

Revenue Composition

Contributions and Grants
$2,057
Program Service Revenue
$23,062
Investment Income
$78
Other Revenue
$1,330
All Other Contributions
$2,057
Change in Net Assets
$-224,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,022
Grants and Similar Amounts Paid$75
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$112,819--$112,819
Fees for Services Other-$36,000-$36,000
All Other Expenses$15,017--$15,017
Insurance$13,189--$13,189
Other Expenses$12,455--$12,455
Fees for Services Accounting-$2,671-$2,671
Office Expenses$1,706--$1,706
Grants to Domestic Orgs$75--$75
Total Functional Expenses$212,426$38,671$0$251,097
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Payable$5,396
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two of the officers are related by marrage.

Form 990, Part VI, Section B, Line 11B

Return is reviewed by company president before filing and is available to any board member upon request prior to filing.

Form 990, Part VI, Section C, Line 19

Governing documents are avaialble for inspection upon request. No conflict of interest policy or financial statements are prepared. Tax reurns are available upon request.

Filing and Contact Details

Filer

Filer Name
The Afas Group
EIN
75-3251740
Phone
3364160089
Address
630 N LIBERTY STREET, WINSTONSALEM, NC 27101

Signing Officer

Name
Harry Knabb
Title
Chair
Phone
3367742128
Signed
2021-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harry Knabb
Formed
2007
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
0

Preparer

Firm
Saunders Strode & Trawick Pa
Address
130 CHARLOIS BLVD SUITE 100, WINSTONSALEM, NC 27103
Preparer
Charles J Strode
Phone
3367652700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Bookkeeping / secretarial: program service expenses 0. Management and general expenses 12,000. Fundraising expenses 0. Total expenses 12,000. Building managment: program service expenses 0. Management and general expenses 24,000. Fundraising expenses 0. Total expenses 24,000.

Request for Waiver of Late Filing Penalies

Taxpayer requests waiver of late filing penalty due to reasonable cause. Taxpayer filed original return due 11/15/21 on papaer on june 8, 2021. Tax preparer was not aware of new requirement to efile return. Preparer attends tax update course every year but was not informed of requirement to efile form 990. Taxpayer was not contacted by irs of requirement to efile until december 14, 2021. Return is promptly efiled on 12/16/21. Irs had ample time to notify taxpayer before 11/15/21 extended due of retrun of requirement to efile.

Raw XML Appendix368 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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IRS990ScheduleD/TotalLiabilityAmt05396
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE OFFICERS ARE RELATED BY MARRAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS REVIEWED BY COMPANY PRESIDENT BEFORE FILING AND IS AVAILABLE TO ANY BOARD MEMBER UPON REQUEST PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAIALBLE FOR INSPECTION UPON REQUEST. NO CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS ARE PREPARED. TAX REURNS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOKKEEPING / SECRETARIAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,000. BUILDING MANAGMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAXPAYER REQUESTS WAIVER OF LATE FILING PENALTY DUE TO REASONABLE CAUSE. TAXPAYER FILED ORIGINAL RETURN DUE 11/15/21 ON PAPAER ON JUNE 8, 2021. TAX PREPARER WAS NOT AWARE OF NEW REQUIREMENT TO EFILE RETURN. PREPARER ATTENDS TAX UPDATE COURSE EVERY YEAR BUT WAS NOT INFORMED OF REQUIREMENT TO EFILE FORM 990. TAXPAYER WAS NOT CONTACTED BY IRS OF REQUIREMENT TO EFILE UNTIL DECEMBER 14, 2021. RETURN IS PROMPTLY EFILED ON 12/16/21. IRS HAD AMPLE TIME TO NOTIFY TAXPAYER BEFORE 11/15/21 EXTENDED DUE OF RETRUN OF REQUIREMENT TO EFILE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4REQUEST FOR WAIVER OF LATE FILING PENALIES
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05883437
IRS990/TotalAssetsEOYAmt05658909
IRS990/TotalAssetsGrp/BOYAmt05883437
IRS990/TotalAssetsGrp/EOYAmt05658909
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02057
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038671
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0212426
IRS990/TotalFunctionalExpensesGrp/TotalAmt0251097
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05354
IRS990/TotalLiabilitiesEOYAmt05396
IRS990/TotalLiabilitiesGrp/BOYAmt05354
IRS990/TotalLiabilitiesGrp/EOYAmt05396
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05878083
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05653513
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0212426
IRS990/TotalProgramServiceRevenueAmt023062
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0227
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024243
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026527
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05883437
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05658909
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05208 CEDARWOOD CREEK DRIVE
IRS990/USAddress/CityNm0WINSTONSALEM
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027104
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt020
IRS990/WebsiteAddressTxt0THEAFASGROUP.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HARRY KNABB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03367742128
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE AFAS GROUP
ReturnHeader/Filer/BusinessNameControlTxt0AFAS
ReturnHeader/Filer/EIN0753251740
ReturnHeader/Filer/PhoneNum03364160089
ReturnHeader/Filer/USAddress/AddressLine1Txt0630 N LIBERTY STREET
ReturnHeader/Filer/USAddress/CityNm0WINSTONSALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561274171
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SAUNDERS STRODE & TRAWICK PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0130 CHARLOIS BLVD SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTONSALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027103
ReturnHeader/PreparerPersonGrp/PhoneNum03367652700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES J STRODE
ReturnHeader/ReturnTs02021-12-16T09:31:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HARRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KNABB
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$0.01$5.02$0.06$0.10$0.16
2023Detailed filing. Detailed filing data is available for this year.$5.19$0.01$5.18$0.09$0.12$0.20
2022Detailed filing. Detailed filing data is available for this year.$5.39$0.01$5.39$0.03$0.13$0.09
2021Detailed filing. Detailed filing data is available for this year.$5.48$0.00$5.48$0.06$0.11$0.18
2020Detailed filing. Detailed filing data is available for this year.$5.66$0.01$5.65$0.03$0.25$0.22
2019Summary only. Only limited summary data is available for this year.$5.88$0.01$5.88$0.07$0.23$0.16
2018Summary only. Only limited summary data is available for this year.$6.04$0.01$6.04$0.04$0.25$0.22
2017Summary only. Only limited summary data is available for this year.$6.26$0.00$6.25$0.77$0.22$0.54
2016Summary only. Only limited summary data is available for this year.$5.71$0.00$5.71$3.07$0.12$2.95
2015Summary only. Only limited summary data is available for this year.$2.76$0.00$2.76$0.74$0.10$0.63
2014Summary only. Only limited summary data is available for this year.$2.13$0.00$2.13$2.11$0.12$1.99
2013Summary only. Only limited summary data is available for this year.$0.14$0.00$0.12$0.13$0.01
2012Summary only. Only limited summary data is available for this year.$0.15$0.00$0.17$0.11$0.06
2011Summary only. Only limited summary data is available for this year.$0.09$0.00$0.10$0.06$0.05