Civic Intelligence

The Afas Group

990 • Fiscal year 2023 • EIN 75-3251740

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

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

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2023 filings • NTEE A • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

98th percentile

230%

Higher net margin than 98% of similar nonprofits.

2023 filings • NTEE A • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$25,250

Higher top officer pay than 27% of similar nonprofits.

2023 filings • NTEE A • $5M-$10M nonprofits • Source year 2023

Asset Growth

18th percentile

-3.8%

Faster asset growth than 18% of similar nonprofits.

2023 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

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

Annualized from 2022 to 2023

Assets

Down

$5,186,723

Down $203,666 (-3.8%) from 2022

Net Assets

Down

$5,181,649

Down $203,504 (-3.8%) from 2022

Liabilities

Down

$5,074

Down $162 (-3.1%) from 2022

Revenue

Down

-$88,317

Down $123,219 (-353%) from 2022

Expenses

Down

$115,187

Down $12,966 (-10%) from 2022

Net Income

Down

-$203,504

Down $110,253 (-118%) from 2022

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

2023

Assets$5,186,723
Liabilities$5,074
Net Assets$5,181,649

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

2023

Revenue-$88,317
Expenses$115,187
Net Income-$203,504
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$153,175
Mission and Program Overview

Mission

Build, educate and celebrate community through art.

Build, educate, and celebrate community through art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,385,153$5,181,649▼ $203,504
Land, Buildings, and Equipment, Net$5,213,363$5,066,786▼ $146,577
Cash and Non-Interest-Bearing Accounts$73,368$66,269▼ $7,099
Savings and Temporary Cash Investments$103,658$53,668▼ $49,990
Total Assets$5,390,389$5,186,723▼ $203,666
Liabilities
Other Liabilities$5,236$5,074▼ $162
Total Liabilities$5,236$5,074▼ $162
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,385,153$5,181,649▼ $203,504
Total Liabilities and Net Assets / Fund Balance$5,390,389$5,186,723▼ $203,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,166,048$875,225$5,041,273
Land$819,236-$819,236
Other Land Buildings$78,838$85,849$164,687
Equipment$2,664$112,373$115,037
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stewart KnightDirector ofFT$25,250$25,250
Gwen ScottTreasurerPT$17,361$17,361

Board Members and Trustees

NameTitle
Harry KnabbChair
Sylvia GreenVice Chair
Adam SebastianDirector
Carolina WallDirector
Charlie DavisDirector
Deborah WillardDirector
Jason WallDirector
Joe FreerDirector
John JacksonDirector
Kendall DoubDirector
Tim AdamsDirector
Trevor FlaneryDirector
Julie KnabbArtist Direc
Marian SmithAsst. Secret
Kim JacksonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$21,931
Program Service Revenue
$36,749
Investment Income
$10
Other Revenue
$-147,007
All Other Contributions
$21,931
Change in Net Assets
$-203,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,187
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 Other-$42,611-$42,611
Depreciation Depletion$17,315--$17,315
Fees for Services Accounting-$1,967-$1,967
Other Expenses$1,926--$1,926
All Other Expenses$1,682--$1,682
Total Functional Expenses$70,609$44,578$0$115,187
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
Other Liabilities$5,074
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, Page 6, Part VI, Line 2

Harry knabb kim jackson chair secretary father/daughter harry knabb julie knabb chair director husband/wife harry knabb john jackson chair director father/son-in-law john jackson kim jackson director secretary husband/wife

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, 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
3364160089
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harry Knabb
Formed
2007
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
25

Preparer

Firm
Butler Burke Llp
Address
100 CLUB OAKS COURT SUITE A, WINSTONSALEM, NC 27104
Preparer
Charles J Strode
Phone
3367682310
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Center for the arts building and center.

Form 990, Part IX, Line 11G

OTHER FEES 0 42,611 0

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036749
IRS990/ProgSrvcAccomActy2Grp/Desc0MAINTENANCE OF PARK FOR PROGRAM USE. LAND USED AS AN ART PARK FOR THE COMMUNITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt032237
IRS990/ProgSrvcAccomActy3Grp/Desc0GENERAL SUPPORT OF ART IN THE COMMUNITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03003
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CENTER FOR THE ARTS BUILDING AND CENTER.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0101580
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06
IRS990/PYOtherExpensesAmt0128153
IRS990/PYOtherRevenueAmt0-103270
IRS990/PYProgramServiceRevenueAmt036586
IRS990/PYRevenuesLessExpensesAmt0-93251
IRS990/PYTotalExpensesAmt0128153
IRS990/PYTotalRevenueAmt034902
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-203504
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-147007
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt036749
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05385153
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05181649
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0103658
IRS990/SavingsAndTempCashInvstGrp/EOYAmt053668
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt021931
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0101580
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt018224
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02057
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt055939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0199731
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt078
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0542
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0131234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0127625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0112640
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt083822
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt093517
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0548838
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0542
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0642
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99910
IRS990ScheduleA/PublicSupportPY509Pct00.99800
IRS990ScheduleA/PublicSupportTotal509Amt0748569
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0153165
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0229205
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0130864
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt085879
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0149456
IRS990ScheduleA/Total509Grp/TotalAmt0748569
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0153175
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0229211
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0130870
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt085957
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0149998
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0749211
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04166048
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0875225
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05041273
IRS990ScheduleD/EquipmentGrp/BookValueAmt02664
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0112373
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0115037
IRS990ScheduleD/LandGrp/BookValueAmt0819236
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0819236
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt078838
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt085849
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0164687
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05066786
IRS990ScheduleD/TotalLiabilityAmt05074
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CENTER FOR THE ARTS BUILDING AND CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HARRY KNABB KIM JACKSON CHAIR SECRETARY FATHER/DAUGHTER HARRY KNABB JULIE KNABB CHAIR DIRECTOR HUSBAND/WIFE HARRY KNABB JOHN JACKSON CHAIR DIRECTOR FATHER/SON-IN-LAW JOHN JACKSON KIM JACKSON DIRECTOR SECRETARY HUSBAND/WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RETURN IS REVIEWED BY COMPANY PRESIDENT BEFORE FILING AND IS AVAILABLE TO ANY BOARD MEMBER UPON REQUEST PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING 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/ExplanationTxt4OTHER FEES 0 42,611 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05390389
IRS990/TotalAssetsEOYAmt05186723
IRS990/TotalAssetsGrp/BOYAmt05390389
IRS990/TotalAssetsGrp/EOYAmt05186723
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt021931
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044578
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070609
IRS990/TotalFunctionalExpensesGrp/TotalAmt0115187
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05236
IRS990/TotalLiabilitiesEOYAmt05074
IRS990/TotalLiabilitiesGrp/BOYAmt05236
IRS990/TotalLiabilitiesGrp/EOYAmt05074
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05385153
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05181649

Document Assets

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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