Civic Intelligence

Otha E Herring Scholarship Fund II

990 • Fiscal year 2021 • EIN 75-6690166

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 11, 2022

Organization ProfileN/A
PO Box 919798Orlando, FL 32891-9798

(252) 246-4027

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

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

2021 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.00x

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

2021 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2021

Net Margin

36th percentile

1.9%

Higher net margin than 36% of similar nonprofits.

2021 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

58th percentile

$11,087

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 38.1% of source-year revenue.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Asset Growth

27th percentile

-0.0%

Faster asset growth than 27% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

25%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$761,368

Down $55 (-0.0%) from 2020

Net Assets

Down

$761,368

Down $55 (-0.0%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin36th percentile

Revenue

Up

$29,078

Up $5,726 (+25%) from 2020

Expenses

Up

$28,524

Up $17,552 (+160%) from 2020

Net Income

Down

$554

Down $11,826 (-96%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$1.0M$500K$0Assets 2010: $582,823Liabilities 2010: $0Net Assets 2010: $582,8232010Assets 2012: $574,938Liabilities 2012: $0Net Assets 2012: $574,9382012Assets 2013: $922,107Liabilities 2013: $393,750Net Assets 2013: $528,3572013Assets 2014: $837,886Liabilities 2014: $0Net Assets 2014: $837,8862014Assets 2015: $747,945Liabilities 2015: $0Net Assets 2015: $747,9452015Assets 2016: $738,681Liabilities 2016: $0Net Assets 2016: $738,6812016Assets 2017: $748,554Liabilities 2017: $0Net Assets 2017: $748,5542017Assets 2018: $747,378Liabilities 2018: $0Net Assets 2018: $747,3782018Assets 2019: $749,042Liabilities 2019: $0Net Assets 2019: $749,0422019Assets 2020: $761,423Liabilities 2020: $0Net Assets 2020: $761,4232020Assets 2021: $761,368Liabilities 2021: $0Net Assets 2021: $761,3682021Assets 2022: $752,395Liabilities 2022: $0Net Assets 2022: $752,3952022Assets 2023: $828,803Liabilities 2023: $0Net Assets 2023: $828,8032023Assets 2024: $831,121Liabilities 2024: $0Net Assets 2024: $831,1212024Assets 2025: $834,195Liabilities 2025: $0Net Assets 2025: $834,1952025

Highlighted filing

2021

Assets$761,368
Liabilities$0
Net Assets$761,368
Open 2021 Filing

Operations Trend

Revenue Growth62nd percentile

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

$400K$200K$0-$200KRevenue 2010: $32,208Expenses 2010: $64,860Net Income 2010: -$32,6522010Revenue 2012: $50,023Expenses 2012: $15,983Net Income 2012: $34,0402012Expenses 2013: $84,5032013Revenue 2014: $366,883Expenses 2014: $57,279Net Income 2014: $309,6042014Revenue 2015: $51,768Expenses 2015: $140,549Net Income 2015: -$88,7812015Revenue 2016: $36,705Expenses 2016: $47,055Net Income 2016: -$10,3502016Revenue 2017: $19,818Expenses 2017: $10,183Net Income 2017: $9,6352017Revenue 2018: $38,602Expenses 2018: $40,523Net Income 2018: -$1,9212018Revenue 2019: $36,260Expenses 2019: $35,803Net Income 2019: $4572019Revenue 2020: $23,352Expenses 2020: $10,972Net Income 2020: $12,3802020Revenue 2021: $29,078Expenses 2021: $28,524Net Income 2021: $5542021Revenue 2022: $48,909Expenses 2022: $57,740Net Income 2022: -$8,8312022Revenue 2023: $109,336Expenses 2023: $32,924Net Income 2023: $76,4122023Revenue 2024: $36,690Expenses 2024: $33,846Net Income 2024: $2,8442024Revenue 2025: $49,710Expenses 2025: $46,146Net Income 2025: $3,5642025

Highlighted filing

2021

Revenue$29,078
Expenses$28,524
Net Income$554
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 11, 2022
Return Version
2020v4.1
Gross Receipts
$338,854
Mission and Program Overview

Mission

Provide scholarships to students of james sprunt community college who are either residents of duplin county, nc or the town of mount olive, nc

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$761,423$761,368▼ $55
Investments in Publicly Traded Securities$720,040$741,542▲ $21,502
Savings and Temporary Cash Investments$37,309$17,263▼ $20,046
Land, Buildings, and Equipment, Net$2,290$2,290→ $0
Cash and Non-Interest-Bearing Accounts$1,784$273▼ $1,511
Total Assets$761,423$761,368▼ $55
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$761,423$761,368▼ $55
Total Liabilities and Net Assets / Fund Balance$761,423$761,368▼ $55

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,290--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleBaseTotal
Truist BankTrustee$11,087$11,087

Board Members and Trustees

NameTitle
Armin JancisTrustee
Clark DrummondTrustee
Haywood QuinnTrustee
John WestonTrustee
Lynne SmithTrustee
Mary DrummondTrustee
Robert KornegayTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$29,078
Other Revenue
$0
Change in Net Assets
$554
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,250
Salaries, Compensation, and Employee Benefits$11,088
Other Expenses$186
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,250--$17,250
Current Officers, Directors, Trustees, and Key Employees$5,544$5,544-$11,088
Insurance-$25-$25
Other Expenses-$4-$4
Total Functional Expenses$22,794$5,730$0$28,524
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
James Sprunt Community CollegeKenansville, NC-Provide Scholarships for Residents of Duplin County and the Town of Mount Olive, Nc Who Are Full or Students of James Sprunt Community College$17,250
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 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

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

“The commitee appoints a secretary of the committee whose duties shall include, among other duties and responsibilites as may be delegated to such individual by the commitee, the responsibility for maintaining appropriate records of the meetings and actions of the committee.”

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

“The commitee appoints a secretary of the committee whose duties shall include, among other duties and responsibilites as may be delegated to such individual by the commitee, the responsibility for maintaining appropriate records of the meetings and actions of the committee.”

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 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 governing documents available to the public upon request”

Form 990, Page 6, Part VI, Line 19

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

Form 990, Page 7, Part VII, Section A

“TRUIST BANK, 1 HOUR”

Filing and Contact Details

Filer

Filer Name
Otha E Herring Scholarship Fund Ii
EIN
75-6690166
Phone
2522464027
Address
PO BOX 919798, ORLANDO, FL 32891-9798

Signing Officer

Name
Truist Bank
Title
Director
Phone
2522464027
Signed
2022-03-11
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Ernst & Young US Llp
Address
40 WESTMINSTER ST STE 800, PROVIDENCE, RI 02903
Preparer
Richard Raleigh
Phone
4014573839
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

“The difference in net assets is due to 2020 transactions posted in 2021 in the amount of ($609.17).”

Raw XML Appendix393 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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IRS990ScheduleI/RecipientTable/USAddress/CityNm0KENANSVILLE
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028349
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL OF THE FUNDS ARE DISBURSED TO JAMES SPRUNT COMMUNITY COLLEGE AND SENT TO THE COLLEGE CASHIER TO BE APPLIED TO STUDENT'S ACCOUNT AS SCHOLARSHIP AWARDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMMITEE APPOINTS A SECRETARY OF THE COMMITTEE WHOSE DUTIES SHALL INCLUDE, AMONG OTHER DUTIES AND RESPONSIBILITES AS MAY BE DELEGATED TO SUCH INDIVIDUAL BY THE COMMITEE, THE RESPONSIBILITY FOR MAINTAINING APPROPRIATE RECORDS OF THE MEETINGS AND ACTIONS OF THE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMMITEE APPOINTS A SECRETARY OF THE COMMITTEE WHOSE DUTIES SHALL INCLUDE, AMONG OTHER DUTIES AND RESPONSIBILITES AS MAY BE DELEGATED TO SUCH INDIVIDUAL BY THE COMMITEE, THE RESPONSIBILITY FOR MAINTAINING APPROPRIATE RECORDS OF THE MEETINGS AND ACTIONS OF THE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WE MAKE OUR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WE MAKE OUR GOVERNING DOCUMENTS AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRUIST BANK, 1 HOUR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE DIFFERENCE IN NET ASSETS IS DUE TO 2020 TRANSACTIONS POSTED IN 2021 IN THE AMOUNT OF ($609.17).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 7, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt05
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 398
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0KENANSVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028349
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt017250
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0JAMES SPRUNT COMMUNITY COLLEGE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0761368
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05730
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IRS990/TotalFunctionalExpensesGrp/TotalAmt028524
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IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0761368
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt022794
IRS990/TotalReportableCompFromOrgAmt011087
IRS990/TotalRevenueGrp/ExclusionAmt029078
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt029078
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0761423
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0761368
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0TRUIST BANK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02522464027
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OTHA E HERRING SCHOLARSHIP FUND II
ReturnHeader/Filer/BusinessNameControlTxt0HERR
ReturnHeader/Filer/EIN0756690166
ReturnHeader/Filer/PhoneNum02522464027
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 WESTMINSTER ST STE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PROVIDENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002903
ReturnHeader/PreparerPersonGrp/PhoneNum04014573839
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD RALEIGH
ReturnHeader/ReturnTs02022-05-02T10:00:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$761,368
Liabilities
$0
Net assets
$761,368
Revenue
$29,078
Expenses
$28,524
Net income
$554
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.34$0.00$8.34$0.50$0.46$0.04
2024Detailed filing. Detailed filing data is available for this year.$8.31$0.00$8.31$0.37$0.34$0.03
2023Detailed filing. Detailed filing data is available for this year.$8.29$0.00$8.29$1.09$0.33$0.76
2022Detailed filing. Detailed filing data is available for this year.$7.52$0.00$7.52$0.49$0.58$0.09
2021Detailed filing. Detailed filing data is available for this year.$7.61$0.00$7.61$0.29$0.29$0.01
2020Detailed filing. Detailed filing data is available for this year.$7.61$0.00$7.61$0.23$0.11$0.12
2019Detailed filing. Detailed filing data is available for this year.$7.49$0.00$7.49$0.36$0.36$0.00
2018Detailed filing. Detailed filing data is available for this year.$7.47$0.00$7.47$0.39$0.41$0.02
2017Summary only. Only limited summary data is available for this year.$7.49$0.00$7.49$0.20$0.10$0.10
2016Detailed filing. Detailed filing data is available for this year.$7.39$0.00$7.39$0.37$0.47$0.10
2015Detailed filing. Detailed filing data is available for this year.$7.48$0.00$7.48$0.52$1.41$0.89
2014Detailed filing. Detailed filing data is available for this year.$8.38$0.00$8.38$3.67$0.57$3.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.22$3.94$5.28$0.85
2012Summary only. Only limited summary data is available for this year.$5.75$0.00$5.75$0.50$0.16$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$0.00$5.83$0.32$0.65$0.33