Civic Intelligence

Rutherford County Economic Development Association

990 • Fiscal year 2019 • EIN 81-5406671

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 02, 2020

Organization Profile
142 E Main StForest City, NC 28043

(828) 287-6200

Siviq Scores

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

Liabilities / Assets

69th percentile

0.04x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • NTEE S41 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.04x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • NTEE S41 • <$500k nonprofits • Source year 2019

Net Margin

93rd percentile

41%

Higher net margin than 93% of similar nonprofits.

2019 filings • NTEE S41 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$115,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 38.9% of source-year revenue.

2019 filings • NTEE S41 • <$500k nonprofits • Source year 2019

Asset Growth

92nd percentile

86%

Faster asset growth than 92% of similar nonprofits.

2019 filings • NTEE S41 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

33rd percentile

-6.2%

Faster revenue growth than 33% of similar nonprofits.

2019 filings • NTEE S41 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$278,243

Up $128,427 (+86%) from 2018

Net Assets

Up

$266,736

Up $121,356 (+83%) from 2018

Liabilities

Up

$11,507

Up $7,071 (+159%) from 2018

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin93rd percentile

Revenue

Down

$295,688

Down $19,592 (-6.2%) from 2018

Expenses

Up

$174,332

Up $4,432 (+2.6%) from 2018

Net Income

Down

$121,356

Down $24,024 (-17%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$1.0M$500K$0Assets 2018: $149,816Liabilities 2018: $4,436Net Assets 2018: $145,3802018Assets 2019: $278,243Liabilities 2019: $11,507Net Assets 2019: $266,7362019Assets 2020: $429,366Liabilities 2020: $0Net Assets 2020: $429,3662020Assets 2021: $509,238Liabilities 2021: $0Net Assets 2021: $509,2382021Assets 2022: $617,279Liabilities 2022: $6,900Net Assets 2022: $610,3792022Assets 2023: $653,025Liabilities 2023: $0Net Assets 2023: $653,0252023Assets 2024: $771,022Liabilities 2024: $20,000Net Assets 2024: $751,0222024Assets 2025: $852,333Liabilities 2025: $10,875Net Assets 2025: $841,4582025

Highlighted filing

2019

Assets$278,243
Liabilities$11,507
Net Assets$266,736
Open 2019 Filing

Operations Trend

Revenue Growth33rd percentile

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

$400K$300K$200K$100K$0Revenue 2018: $315,280Expenses 2018: $169,900Net Income 2018: $145,3802018Revenue 2019: $295,688Expenses 2019: $174,332Net Income 2019: $121,3562019Revenue 2020: $201,947Expenses 2020: $39,317Net Income 2020: $162,6302020Revenue 2021: $156,338Expenses 2021: $76,466Net Income 2021: $79,8722021Revenue 2022: $131,037Expenses 2022: $29,896Net Income 2022: $101,1412022Revenue 2023: $75,302Expenses 2023: $32,656Net Income 2023: $42,6462023Revenue 2024: $126,875Expenses 2024: $28,878Net Income 2024: $97,9972024Revenue 2025: $128,547Expenses 2025: $38,111Net Income 2025: $90,4362025

Highlighted filing

2019

Revenue$295,688
Expenses$174,332
Net Income$121,356
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 2, 2020
Return Version
2018v3.2
Gross Receipts
$295,688
Mission and Program Overview

Mission

To cultivate economic development opportunities for rutherford county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$148,616$277,043▲ $128,427
Prepaid Expenses and Deferred Charges$1,200$1,200→ $0
Total Assets$149,816$278,243▲ $128,427
Liabilities
Accounts Payable and Accrued Expenses-$6,410-
Other Liabilities$4,436$5,097▲ $661
Total Liabilities$4,436$11,507▲ $7,071
Net Assets / Fund Balance
Unrestricted Net Assets$145,380$266,736▲ $121,356
Total Net Assets Fund Balance$145,380$266,736▲ $121,356
Total Liabilities and Net Assets / Fund Balance$149,816$278,243▲ $128,427
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tom JohnsonDirectorPT$115,000$115,000

Board Members and Trustees

NameTitle
Maria HunnicuttChairman
Terry HinesVice Chairma
Birgit DilgertActing Direc
Bryan KingMember
Clark PooleMember
Michael GavinMember
Mickey BlandMember
Robert KeithMember
Steve GarrisonMember
David EakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$295,688
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$20,750
Change in Net Assets
$121,356

Audited Revenue Reconciliation

Revenue per Audited Statements
$295,688
Total Revenue per Audited Statements
$295,688
Total Revenue per Form 990
$295,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$125,238
Other Expenses$49,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$115,000--$115,000
Occupancy$14,400--$14,400
Fees for Services Legal$10,960--$10,960
Payroll Taxes$9,083--$9,083
Travel$7,775--$7,775
Fees for Services Accounting$3,850--$3,850
Insurance$3,570--$3,570
Advertising$1,500--$1,500
Other Salaries and Wages$1,155--$1,155
Conferences and Meetings$442--$442
Other Expenses$227--$227
Total Functional Expenses$174,332$0$0$174,332

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$174,332
Total Expenses per Audited Statements$174,332
Total Expenses per Form 990$174,332
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liabilities$5,097
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The organization's board will review the form 990. The release of the 990 for filing is approved by the director or designated person on the board.”

Form 990, Page 6, Part VI, Line 15A

“The board approves the salary for the director”

Form 990, Page 6, Part VI, Line 19

“These doucemnts are avaible upon request.”

Form 990, Part VII

“The organization has two directors listed due to the director leaving in fy19 and the organization appointing a acting director while they search for a new permanent director.”

Filing and Contact Details

Filer

Filer Name
Rutherford County Economic
EIN
81-5406671
Phone
8282876200
Address
142 E MAIN ST, FOREST CITY, NC 28043

Signing Officer

Name
Maria Hunnicutt
Title
Chairman
Phone
8282876200
Signed
2020-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Birgit Dilgert
Voting Board Members
9
Independent Board Members
9
Employees
1

Preparer

Firm
Gould Killian CPA Group Pa
Address
100 COXE AVE, ASHEVILLE, NC 28801-2354
Preparer
Dan Mullinix CPA
Phone
8282580363
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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/ExplanationTxt0THE ORGANIZATION'S BOARD WILL REVIEW THE FORM 990. THE RELEASE OF THE 990 FOR FILING IS APPROVED BY THE DIRECTOR OR DESIGNATED PERSON ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD APPROVES THE SALARY FOR THE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE DOUCEMNTS ARE AVAIBLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS TWO DIRECTORS LISTED DUE TO THE DIRECTOR LEAVING IN FY19 AND THE ORGANIZATION APPOINTING A ACTING DIRECTOR WHILE THEY SEARCH FOR A NEW PERMANENT DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII
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IRS990/TravelGrp/TotalAmt07775
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0145380
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0266736
IRS990/USAddress/AddressLine1Txt0142 EAST MAIN ST STE 100
IRS990/USAddress/CityNm0FOREST CITY
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028043
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
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ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARIA HUNNICUTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08282876200
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RUTHERFORD COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0RUTH
ReturnHeader/Filer/EIN0815406671
ReturnHeader/Filer/PhoneNum08282876200
ReturnHeader/Filer/USAddress/AddressLine1Txt0142 E MAIN ST
ReturnHeader/Filer/USAddress/CityNm0FOREST CITY
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02020-03-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:15:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561042836
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOULD KILLIAN CPA GROUP PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 COXE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0288012354
ReturnHeader/PreparerPersonGrp/PhoneNum08282580363
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAN MULLINIX CPA
ReturnHeader/ReturnTs02020-03-05T09:15:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$278,243
Liabilities
$11,507
Net assets
$266,736
Revenue
$295,688
Expenses
$174,332
Net income
$121,356
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.52$0.11$8.41$1.29$0.38$0.90
2024Detailed filing. Detailed filing data is available for this year.$7.71$0.20$7.51$1.27$0.29$0.98
2023Detailed filing. Detailed filing data is available for this year.$6.53$0.00$6.53$0.75$0.33$0.43
2022Detailed filing. Detailed filing data is available for this year.$6.17$0.07$6.10$1.31$0.30$1.01
2021Detailed filing. Detailed filing data is available for this year.$5.09$0.00$5.09$1.56$0.76$0.80
2020Detailed filing. Detailed filing data is available for this year.$4.29$0.00$4.29$2.02$0.39$1.63
2019Detailed filing. Detailed filing data is available for this year.$2.78$0.12$2.67$2.96$1.74$1.21
2018Detailed filing. Detailed filing data is available for this year.$1.50$0.04$1.45$3.15$1.70$1.45