Civic Intelligence

Nc Sound Economy Inc

EIN 81-3648296 • 501(c)4 • Raleigh, NC

Profile

Promoting the social welfare of the people of the state of north carolina by a) educating the general public about the economic impact of the state's fisheries management laws and policies; b) advocating for reforms to such laws and policies that will help increase the state's fish stocks; c) engaging in any and all lawful activities that are appropriate to carry out and fulfill any or all of such purposes.

3700 Glenwood Avenue 310Raleigh, NC 27612

www.ncsoundeconomy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2025

Net Margin

42nd percentile

-1.6%

Higher net margin than 42% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2025

Asset Growth

50th percentile

-1.4%

Faster asset growth than 50% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

51st percentile

-0.7%

Faster revenue growth than 51% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$55,726

Down $425 (-0.8%) from 2023

Liabilities

Down

$0

Down $250 (-100%) from 2023

Net Assets

Down

$55,726

Down $175 (-0.3%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin42nd percentile

Revenue

Up

$50,372

Up $283 (+0.6%) from 2023

Expenses

Up

$50,547

Up $3,333 (+7.1%) from 2023

Net Income

Down

-$175

Down $3,050 (-106%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0-$20KAssets 2016: $33,660Liabilities 2016: $500Net Assets 2016: $33,1602016Assets 2017: $15,155Liabilities 2017: $7,153Net Assets 2017: $8,0022017Assets 2018: $3,530Liabilities 2018: $22,250Net Assets 2018: -$18,7202018Assets 2019: $2,917Liabilities 2019: $10,250Net Assets 2019: -$7,3332019Assets 2020: $7,651Liabilities 2020: $250Net Assets 2020: $7,4012020Assets 2021: $5,209Liabilities 2021: $250Net Assets 2021: $4,9592021Assets 2022: $53,276Liabilities 2022: $250Net Assets 2022: $53,0262022Assets 2023: $56,151Liabilities 2023: $250Net Assets 2023: $55,9012023Assets 2024: $55,726Liabilities 2024: $0Net Assets 2024: $55,7262024

Highlighted filing

2024

Assets$55,726
Liabilities$0
Net Assets$55,726
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2016: $135,006Expenses 2016: $101,846Net Income 2016: $33,1602016Revenue 2017: $177,546Expenses 2017: $202,704Net Income 2017: -$25,1582017Revenue 2018: $93,538Expenses 2018: $120,260Net Income 2018: -$26,7222018Revenue 2019: $62,601Expenses 2019: $51,214Net Income 2019: $11,3872019Revenue 2020: $51,690Expenses 2020: $36,956Net Income 2020: $14,7342020Revenue 2021: $37,311Expenses 2021: $39,753Net Income 2021: -$2,4422021Revenue 2022: $94,371Expenses 2022: $46,304Net Income 2022: $48,0672022Revenue 2023: $50,089Expenses 2023: $47,214Net Income 2023: $2,8752023Revenue 2024: $50,372Expenses 2024: $50,547Net Income 2024: -$1752024

Highlighted filing

2024

Revenue$50,372
Expenses$50,547
Net Income-$175
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,726
Liabilities
$0
Net assets
$55,726
Revenue
$50,372
Expenses
$50,547
Net income
-$175
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.50$0.51$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.50$0.47$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.94$0.46$0.48
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.37$0.40$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.07$0.52$0.37$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.10$0.07$0.63$0.51$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.22$0.19$0.94$1.20$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.07$0.08$1.78$2.03$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$1.35$1.02$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 17, 2025
Return Version
2024v5.0
Gross Receipts
$50,372
Mission and Program Overview

Mission

Promoting the social welfare of the people of the state of north carolina by a) educating the general public about the economic impact of the state's fisheries management laws and policies; b) advocating for reforms to such laws and policies that will help increase the state's fish stocks; c) engaging in any and all lawful activities that are appropriate to carry out and fulfill any or all of such purposes.

Program Services

DescriptionGrantsExpenses
ADVOCATED FOR IMPROVEMENTS TO LAWS AND POLICIES THAT WILL HELPINCREASE THE ABUNDANCE OF THE STATE'S FISH STOCKS WHILE GROWING THEIR ECONOMIC VALUE. EDUCATED POLICY MAKERS AND THE PEOPLE OF NORTH CAROLINA REGARDING THOSE ISSUES, HIGHLIGHTING THE NEED FOR TIMELY AND ACCURATE FISHERIES DATA. NC SOUND ECONOMY ASSISTED WITH DRAFT LEGISLATION AND PROVIDED CONTINUED SUPPORT FOR A MANDATORY HARVEST REPORTING SYSTEM INTENDED TO ELIMINATE DATA GAPS IN BOTH COMMERCIAL AND RECREATIONAL FISHERIES. THIS INCLUDED ADVOCATING FOR A $5 MILLION BUDGET PROVISION TO BE DIRECTED TO THE NC DIVISION OF MARINE FISHERIES TO DEVELOP THE HARVEST REPORTING PLATFORMS. BOTH THE NEW HARVEST LEGISLATION AND THE $5 MILLION IN FUNDING FOR PROJECT IMPLEMENTATION WERE ULTIMATELY APPROVED BY THE NC GENERAL ASSEMBLY.$0$43,006
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALLEN E GANT JRPresident-$0--
THOMAS G HURTSecretary/Treasurer-$0--
DOYLE PARRISHDirector-$0--
CHARLES FULLERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Nc Sound Economy Inc
EIN
81-3648296
Phone
9194247262
Address
3700 GLENWOOD AVENUE 310, RALEIGH, NC 27612

Signing Officer

Name
Thomas G Hurt
Title
Secretary/treasurer
Phone
9194247262
Signed
2025-03-17
Discuss with paid preparer
Yes

Preparer

Firm
Steward Ingram & Cooper Pllc
Address
PO BOX 167, MORRISVILLE, NC 27560
Preparer
Stephanie B Holt CPA
Phone
9198720866
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: bank interest income. Amount: 122. Description: other income. Amount: 250. Total to form 990-ez, line 8: 372.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: computer expenses. Amount: 847. Description: business registration fees. Amount: 50. Description: bank fees. Amount: 10. Total to form 990-ez, line 16: 907.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: other current liabilities. Beg. Of year amount: 250. End of year amount: 0.”

Raw XML Appendix125 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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IRS990EZ/PrimaryExemptPurposeTxt0PROMOTING THE SOCIAL WELFARE OF THE PEOPLE OF THE STATE OF NORTH CAROLINA BY A) EDUCATING THE GENERAL PUBLIC ABOUT THE ECONOMIC IMPACT OF THE STATE'S FISHERIES MANAGEMENT LAWS AND POLICIES; B) ADVOCATING FOR REFORMS TO SUCH LAWS AND POLICIES THAT WILL HELP INCREASE THE STATE'S FISH STOCKS; C) ENGAGING IN ANY AND ALL LAWFUL ACTIVITIES THAT ARE APPROPRIATE TO CARRY OUT AND FULFILL ANY OR ALL OF SUCH PURPOSES.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-03-18T10:25:12-05:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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