Civic Intelligence

Otha E Herring Scholarship Fund I

990 • Fiscal year 2017 • EIN 75-6690165

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 10, 2017

Organization ProfileN/A
PO Box 2907 - Trust Tax DeptWilson, NC 27894-2907

(252) 246-4027

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

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

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.00x

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

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

4th percentile

-63%

Higher net margin than 4% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$45,750

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 30.4% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-2.8%

Faster asset growth than 24% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

18%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$3,271,702

Down $93,923 (-2.8%) from 2016

Net Assets

Down

$3,271,702

Down $93,923 (-2.8%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin4th percentile

Revenue

Up

$150,467

Up $22,634 (+18%) from 2016

Expenses

Down

$244,599

Down $3,540 (-1.4%) from 2016

Net Income

Up

-$94,132

Up $26,174 (+22%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth24th 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: $3,332,587Liabilities 2012: $0Net Assets 2012: $3,332,5872012Assets 2013: $3,729,713Liabilities 2013: $446,250Net Assets 2013: $3,283,4632013Assets 2014: $3,613,535Liabilities 2014: $0Net Assets 2014: $3,613,5352014Assets 2015: $3,482,776Liabilities 2015: $0Net Assets 2015: $3,482,7762015Assets 2016: $3,365,625Liabilities 2016: $0Net Assets 2016: $3,365,6252016Assets 2017: $3,271,702Liabilities 2017: $0Net Assets 2017: $3,271,7022017Assets 2018: $3,160,771Liabilities 2018: $0Net Assets 2018: $3,160,7712018Assets 2019: $3,046,233Liabilities 2019: $0Net Assets 2019: $3,046,2332019Assets 2020: $3,034,633Liabilities 2020: $0Net Assets 2020: $3,034,6332020Assets 2021: $2,987,006Liabilities 2021: $0Net Assets 2021: $2,987,0062021Assets 2022: $2,939,225Liabilities 2022: $0Net Assets 2022: $2,939,2252022Assets 2023: $3,538,068Liabilities 2023: $0Net Assets 2023: $3,538,0682023Assets 2024: $3,471,913Liabilities 2024: $0Net Assets 2024: $3,471,9132024Assets 2025: $3,486,555Liabilities 2025: $0Net Assets 2025: $3,486,5552025

Highlighted filing

2017

Assets$3,271,702
Liabilities$0
Net Assets$3,271,702
Open 2017 Filing

Operations Trend

Revenue Growth72nd percentile

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

$1.0M$500K$0-$500KRevenue 2012: $172,950Expenses 2012: $253,606Net Income 2012: -$80,6562012Expenses 2013: $256,5842013Revenue 2014: $588,434Expenses 2014: $259,308Net Income 2014: $329,1262014Revenue 2015: $217,133Expenses 2015: $343,890Net Income 2015: -$126,7572015Revenue 2016: $127,833Expenses 2016: $248,139Net Income 2016: -$120,3062016Revenue 2017: $150,467Expenses 2017: $244,599Net Income 2017: -$94,1322017Revenue 2018: $139,224Expenses 2018: $251,356Net Income 2018: -$112,1322018Revenue 2019: $114,427Expenses 2019: $232,293Net Income 2019: -$117,8662019Revenue 2020: $225,047Expenses 2020: $236,648Net Income 2020: -$11,6012020Revenue 2021: $177,443Expenses 2021: $222,285Net Income 2021: -$44,8422021Revenue 2022: $166,693Expenses 2022: $214,604Net Income 2022: -$47,9112022Revenue 2023: $794,142Expenses 2023: $194,450Net Income 2023: $599,6922023Revenue 2024: $138,185Expenses 2024: $202,171Net Income 2024: -$63,9862024Revenue 2025: $223,074Expenses 2025: $213,030Net Income 2025: $10,0442025

Highlighted filing

2017

Revenue$150,467
Expenses$244,599
Net Income-$94,132
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 10, 2017
Return Version
2016v3.0
Gross Receipts
$750,707
Mission and Program Overview

Mission

Provide scholarships for residents of duplin county and the town of mount olive, nc who are full or part-time students of mount olive college

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,365,625$3,271,702▼ $93,923
Investments in Publicly Traded Securities$3,249,889$3,104,119▼ $145,770
Savings and Temporary Cash Investments$104,129$155,571▲ $51,442
Land, Buildings, and Equipment, Net$11,445$11,445→ $0
Cash and Non-Interest-Bearing Accounts$162$567▲ $405
Total Assets$3,365,625$3,271,702▼ $93,923
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,365,625$3,271,702▼ $93,923
Total Liabilities and Net Assets / Fund Balance$3,365,625$3,271,702▼ $93,923

Asset Categories

AssetBook ValueDepreciationBasis
Land$11,445--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleBaseTotal
-Trustee$45,750$45,750
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$150,467
Other Revenue
$0
Change in Net Assets
$-94,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$194,890
Salaries, Compensation, and Employee Benefits$45,750
Other Expenses$3,959
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$194,890--$194,890
Current Officers, Directors, Trustees, and Key Employees-$45,750-$45,750
All Other Expenses-$3,929-$3,929
Fees for Services Other-$30-$30
Total Functional Expenses$194,890$49,709$0$244,599
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1A

“NO DIFFERENCES”

Form 990, Page 6, Part VI, Line 2

“NONE”

Explanation for Form 990, Page 6, Part VI, Line 3

“N/A”

Explanation for Form 990, Page 6, Part VI, Line 4

“NONE”

Explanation for Form 990, Page 6, Part VI, Line 5

“N/A”

Explanation for Form 990, Page 6, Part VI, Line 6

“NONE”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7A

“NONE”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7B

“NO”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

“N/A”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

“N/A”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“REVIEWED BY TRUSTEE”

Explanation for Form 990, Page 6, Part VI, Line 9

“Mary h drummond - 4236 rock bridge rd, high point, nc 27262 mount olive college - 634 henderson st, mount olive, nc 28365”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

“NONE”

FORM 990, PAGE 6, PART VI, LINE 15A

“NONE”

FORM 990, PAGE 6, PART VI, LINE 15B

“NONE”

Form 990, Page 6, Part VI, Line 18

“We make our form 1023 and forms 990 available to the public upon request”

Form 990, Page 6, Part VI, Line 19

“We make our governing documents available to the public upon request”

Form 990, Page 7, Part VII, Section A

“Branch banking & trust company, 1 hour”

Filing and Contact Details

Filer

Filer Name
Otha E Herring Scholarship Fund I
EIN
75-6690165
Phone
2522464027
Address
PO BOX 2907 - TRUST TAX DEPT, WILSON, NC 27894-2907

Signing Officer

Name
Branch Banking Trust Co Trustee
Title
Vice President
Phone
2522464027
Signed
2017-08-10

Organization Details

Formed
2003
Legal Domicile
Nc
Voting Board Members
0
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

“Accrued interest ($541), difference in mutual funds received/reported $742 and rounding adjustment $8”

Raw XML Appendix296 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.

Path#Value
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IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03929
IRS990/AllOtherExpensesGrp/TotalAmt03929
IRS990/BackupWthldComplianceInd0true
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IRS990/BooksInCareOfDetail/PhoneNum02522464027
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IRS990/GrantsToIndividualsInd0false
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0671887
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IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentIncomeGrp/ExclusionAmt077915
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0905
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt078820
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03249889
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03365625
IRS990/NetAssetsOrFundBalancesEOYAmt03271702
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt071647
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0true
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IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0209
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03365625
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IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
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IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MOUNT OLIVE COLLEGE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO DIFFERENCES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10REVIEWED BY TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MARY H DRUMMOND - 4236 ROCK BRIDGE RD, HIGH POINT, NC 27262 MOUNT OLIVE COLLEGE - 634 HENDERSON ST, MOUNT OLIVE, NC 28365
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15WE MAKE OUR FORM 1023 AND FORMS 990 AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16WE MAKE OUR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17BRANCH BANKING & TRUST COMPANY, 1 HOUR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18ACCRUED INTEREST ($541), DIFFERENCE IN MUTUAL FUNDS RECEIVED/REPORTED $742 AND ROUNDING ADJUSTMENT $8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13FORM 990, PAGE 6, PART VI, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14FORM 990, PAGE 6, PART VI, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17FORM 990, PAGE 7, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03365625
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03271702
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0194890
IRS990/TotalReportableCompFromOrgAmt045750
IRS990/TotalRevenueGrp/ExclusionAmt077915
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0905
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0150467
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03365625
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03271702
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANCH BANKING TRUST CO TRUSTEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum02522464027
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OTHA E HERRING SCHOLARSHIP FUND I
ReturnHeader/Filer/BusinessNameControlTxt0HERR
ReturnHeader/Filer/EIN0756690165
ReturnHeader/Filer/PhoneNum02522464027
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2907 - TRUST TAX DEPT
ReturnHeader/Filer/USAddress/CityNm0WILSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0278942907
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0534CCE7F53E59A9B1DFE82DD8E5CD60E573A1014
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0186BFB7ABFEBF6E8D814F9F5373A0D104B8417E8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.120.64.241
ReturnHeader/ReturnTs02017-08-22T17:00:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,271,702
Liabilities
$0
Net assets
$3,271,702
Revenue
$150,467
Expenses
$244,599
Net income
-$94,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$0.22$0.21$0.01
2024Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$0.14$0.20$0.06
2023Detailed filing. Detailed filing data is available for this year.$3.54$0.00$3.54$0.79$0.19$0.60
2022Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.17$0.21$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$0.18$0.22$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.03$0.00$3.03$0.23$0.24$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$0.11$0.23$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$0.14$0.25$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.27$0.00$3.27$0.15$0.24$0.09
2016Detailed filing. Detailed filing data is available for this year.$3.37$0.00$3.37$0.13$0.25$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.48$0.00$3.48$0.22$0.34$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.61$0.00$3.61$0.59$0.26$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$0.45$3.28$0.26
2012Summary only. Only limited summary data is available for this year.$3.33$0.00$3.33$0.17$0.25$0.08