Civic Intelligence

Otha E Herring Scholarship Fund I

990 • Fiscal year 2018 • EIN 75-6690165

Jul 01, 2017 to Jun 30, 2018 • Filed on Jul 25, 2018

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

15th percentile

0.00x

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

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

15th percentile

0.00x

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

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

3rd percentile

-81%

Higher net margin than 3% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$47,771

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 34.3% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

29th percentile

-3.4%

Faster asset growth than 29% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-7.5%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,160,771

Down $110,931 (-3.4%) from 2017

Net Assets

Down

$3,160,771

Down $110,931 (-3.4%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$139,224

Down $11,243 (-7.5%) from 2017

Expenses

Up

$251,356

Up $6,757 (+2.8%) from 2017

Net Income

Down

-$112,132

Down $18,000 (-19%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$3,160,771
Liabilities$0
Net Assets$3,160,771

Operations Trend

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

2018

Revenue$139,224
Expenses$251,356
Net Income-$112,132
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jul 25, 2018
Return Version
2017v2.2
Gross Receipts
$532,837
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$3,271,702$3,160,771▼ $110,931
Investments in Publicly Traded Securities$3,104,119$3,032,399▼ $71,720
Savings and Temporary Cash Investments$155,571$115,441▼ $40,130
Land, Buildings, and Equipment, Net$11,445$11,445→ $0
Cash and Non-Interest-Bearing Accounts$567$1,486▲ $919
Total Assets$3,271,702$3,160,771▼ $110,931
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,271,702$3,160,771▼ $110,931
Total Liabilities and Net Assets / Fund Balance$3,271,702$3,160,771▼ $110,931

Asset Categories

AssetBook ValueDepreciationBasis
Land$11,445--
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$47,771$47,771
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$139,224
Other Revenue
$0
Change in Net Assets
$-112,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$200,000
Salaries, Compensation, and Employee Benefits$47,771
Other Expenses$3,585
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$200,000--$200,000
Current Officers, Directors, Trustees, and Key Employees-$47,771-$47,771
All Other Expenses$3,585--$3,585
Total Functional Expenses$203,585$47,771$0$251,356
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
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
2018-07-25

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 prior year $541, difference in mutual funds received/reported $278, accrued interest current year ($249), roc adjustment $626 and rounding adjustment $5

Raw XML Appendix293 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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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 PRIOR YEAR $541, DIFFERENCE IN MUTUAL FUNDS RECEIVED/REPORTED $278, ACCRUED INTEREST CURRENT YEAR ($249), ROC ADJUSTMENT $626 AND ROUNDING ADJUSTMENT $5
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/TotalReportableCompFromOrgAmt047771
IRS990/TotalRevenueGrp/ExclusionAmt078731
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0139224
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03271702
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03160771
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANCH BANKING TRUST CO TRUSTEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum02522464027
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-25
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/AtSubmissionCreationDeviceId0D4AC18B51D57A9488B6C40707432C2F2B5592EF6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId096933B81FBE74C98BC2B5AC1CDC5269E118596DB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.120.64.242
ReturnHeader/ReturnTs02018-08-02T15:00:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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