Civic Intelligence

Southeast Raleigh Assembly Inc

990 • Fiscal year 2012 • EIN 80-0484561

Jul 01, 2011 to Jun 30, 2012 • Filed on Apr 23, 2013

19 W Hargett StRoom/Suite 20027601
Siviq Scores

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

Liabilities / Assets

89th percentile

0.57x

Higher debt load relative to assets than 89% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

29th percentile

-11%

Faster asset growth than 29% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$53,176

Down $6,481 (-11%) from 2011

Net Assets

Down

$22,874

Down $4,304 (-16%) from 2011

Liabilities

Down

$30,302

Down $2,177 (-6.7%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$269,774

Down $28,293 (-9.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2011: $59,657Liabilities 2011: $32,479Net Assets 2011: $27,1782011Assets 2012: $53,176Liabilities 2012: $30,302Net Assets 2012: $22,8742012Assets 2014: $22,809Liabilities 2014: $15,075Net Assets 2014: $7,7342014Assets 2015: $40,856Liabilities 2015: $14,536Net Assets 2015: $26,3202015Assets 2016: $47,878Liabilities 2016: $13,757Net Assets 2016: $34,1212016Assets 2017: $13,612Liabilities 2017: $17,569Net Assets 2017: -$3,9572017Assets 2018: $5,168Liabilities 2018: $1,498Net Assets 2018: $3,6702018

Highlighted filing

2012

Assets$53,176
Liabilities$30,302
Net Assets$22,874

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $284,333Expenses 2011: $298,067Net Income 2011: -$13,7342011Expenses 2012: $269,7742012Revenue 2014: $229,968Expenses 2014: $222,995Net Income 2014: $6,9732014Revenue 2015: $231,710Expenses 2015: $213,124Net Income 2015: $18,5862015Revenue 2016: $207,848Expenses 2016: $200,047Net Income 2016: $7,8012016Revenue 2017: $146,636Expenses 2017: $184,714Net Income 2017: -$38,0782017Revenue 2018: $96,015Expenses 2018: $88,388Net Income 2018: $7,6272018

Highlighted filing

2012

Revenue-
Expenses$269,774
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Apr 23, 2013
Return Version
2011v1.5
Gross Receipts
$265,470
Mission and Program Overview

Mission

Sera's mission is to facilitate community capacity building in its most authentic sense, economic development, sustainability, and individual citizen empowerment in order to enhance the quality of life in southeast raleigh.

Filing and Contact Details

Filer

EIN
80-0484561
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IRS990/Description0MET WITH COMMUNITY LEADERS AND GROUPS TO DISCUSS UNIFIED GOALS FOR SOUTHEAST RALEIGH AS IT RELATES TO ECONOMIC DEVELOPMENT, ACCESS TO OPPORTUNITY, EDUCATION AND JOBS. SUCCESSFULLY ADVOCATED FOR UPGRADED BUS SHELTERS IN SOUTHEAST RALEIGH. TRAINED 50 YOUTH AND 4 ADULT WHO SUPPORT YOUTH TO BECOME TRAINED MEDIATORS AND ANTI-BULLYING ADVOCATES. ADVOCATED ON BEHALF OF OVER 8,000 SOUTHEAST RALEIGH RESIDENTS IN A VARIETY OF AREAS DEALING WITH INDIVIDUAL, FAMILY AND BUSINESS EMPOWERMENT AND DEVELOPMENT. PLAYED SIGNIFICANT ROLE IN WORKING TO ADDRESS THE ERADICATION OF THE SCHOOL DIVERSITY POLICY IN WAKE COUNTY WORKED WITH EDUCATORS ON CIVIC AND VOTER ENGAGEMENT AS WELL AS INTRODUCED A STATE OF THE ART HOMEOWNERSHIP PROGRAM IN PARTNERSHIP WITH NORTH STATE BANK.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-25, RECOGNITION OF A TAX POSITION. ACCORDINGLY, THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2012. TAX YEARS SUBSEQUENT TO 2009 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS.
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IRS990ScheduleO/GeneralExplanation/Explanation0TO FACILIATE COMMUNITY CAPACITY BUILDING IN ITS MOST AUTHENTIC SENSE, ECONOMIC DEVELOPMENT, SUSTAINABILITY, AND INDIVIDUAL CITIZEN EMPOWERMENT IN ORDER TO ENHANCE THE QUALITY OF LIFE FOR SOUTHEAST RALEIGH RESIDENTS AND TO BUILD ENDURING RELATIONSHIPS WITH COMMUNITY PARTNERS.
IRS990ScheduleO/GeneralExplanation/Explanation1WORKED WITH EDUCATORS ON CIVIC AND VOTER ENGAGEMENT AS WELL AS INTRODUCED A STATE OF THE ART HOMEOWNERSHIP PROGRAM IN PARTNERSHIP WITH NORTH STATE BANK.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT/CEO AND TREASURER AND THEN PRESENTED TO THE BOARD FOR FINAL REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation3MANAGEMENT REVIEWS THE CONFLICT OF INTEREST POLICY EVERY SIX MONTHS IN ORDER TO ENSURE COMPLIANCE. FORM 990, PART VI, LINE 14 THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF APPROVING AND IMPLEMENTING SEVERAL POLICIES, INCLUDING A DOCUMENTATION RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation4MANAGEMENT'S COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD RELYING ON OBJECTIVE INDUSTRY SALARY CRITERIA ALONG WITH SUBJECTIVE PERFORMANCE REVIEWS AND IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FORM 990, PART VI, LINE 15B - COMPENSATION PROCESS FOR OTHER OFFICERS A COMPENSATION POLICY WAS NOT ESTABLISHED FOR "OTHER OFFICERS OR KEY EMPLOYEES" FOR THE YEAR-ENDED 6/30/12 AS THE ORGANIZATION DID NOT EMPLOY ANYONE IN THESE POSITIONS.
IRS990ScheduleO/GeneralExplanation/Explanation5ALL GOVERNING DOCUMENTS WILL BE KEPT IN THE ORGANIZATION'S OFFICE AND WILL BE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1FIRST ACCOMPLISHMENT DESCRIPTION
IRS990ScheduleO/GeneralExplanation/Identifier2ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0NC
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1019 W HARGETT STREET SUITE 200
IRS990/TheBooksAreInCareOf/AddressUS/City0RALEIGH
IRS990/TheBooksAreInCareOf/AddressUS/State0NC
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode027601
IRS990/TheBooksAreInCareOf/NamePerson0RITA ANITA LINGER
IRS990/TheBooksAreInCareOf/TelephoneNumber09197478420
IRS990/TotalAssets/BOY059657
IRS990/TotalAssetsBOY059657
IRS990/TotalAssets/EOY053176
IRS990/TotalAssetsEOY053176
IRS990/TotalCompGT150K0false

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