Civic Intelligence

Jones County Finance Corporation

EIN 82-2481632 • 501(c)4 • Trenton, NC

Profile

The organization was formed to secure funding for the construction of a new jones county k-12 school.

418 Hwy 58 North Unit ATrenton, NC 28585

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

0.93x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

14.44x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

76th percentile

35%

Higher net margin than 76% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

501(c)4 • $10M-$25M nonprofits • Source year 2024

Asset Growth

24th percentile

-1.1%

Faster asset growth than 24% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

74th percentile

35%

Faster revenue growth than 74% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Down

$11,976,600

Down $263,787 (-2.2%) from 2022

Liabilities

Flat

$11,120,397

Flat from 2022

Net Assets

Down

$856,203

Down $263,787 (-24%) from 2022

Revenue

Up

$769,982

Up $345,345 (+81%) from 2022

Expenses

Up

$504,091

Up $504,091 from 2022

Net Income

Down

$265,891

Down $158,746 (-37%) from 2022

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2018: $11,176,817Liabilities 2018: $11,120,397Net Assets 2018: $56,4202018Assets 2019: $11,283,576Liabilities 2019: $11,120,397Net Assets 2019: $163,1792019Assets 2020: $11,549,468Liabilities 2020: $11,120,397Net Assets 2020: $429,0712020Assets 2021: $11,815,750Liabilities 2021: $11,120,397Net Assets 2021: $695,3532021Assets 2022: $12,240,387Liabilities 2022: $11,120,397Net Assets 2022: $1,119,9902022Assets 2024: $11,976,600Liabilities 2024: $11,120,397Net Assets 2024: $856,2032024

Highlighted filing

2024

Assets$11,976,600
Liabilities$11,120,397
Net Assets$856,203

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2018: $56,420Expenses 2018: $0Net Income 2018: $56,4202018Revenue 2019: $106,759Expenses 2019: $0Net Income 2019: $106,7592019Revenue 2020: $265,893Expenses 2020: $0Net Income 2020: $265,8932020Revenue 2021: $266,282Expenses 2021: $0Net Income 2021: $266,2822021Revenue 2022: $424,637Expenses 2022: $0Net Income 2022: $424,6372022Revenue 2024: $769,982Expenses 2024: $504,091Net Income 2024: $265,8912024

Highlighted filing

2024

Revenue$769,982
Expenses$504,091
Net Income$265,891

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$769,982
Mission and Program Overview

Mission

The organization was formed to secure funding for the construction of a new jones county k-12 school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,120,397$11,120,397→ $0
Cash and Non-Interest-Bearing Accounts$590,312$856,203▲ $265,891
Total Assets$11,710,709$11,976,600▲ $265,891
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,120,397$11,120,397→ $0
Total Liabilities$11,120,397$11,120,397→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$590,312$856,203▲ $265,891
Total Net Assets Fund Balance$590,312$856,203▲ $265,891
Total Liabilities and Net Assets / Fund Balance$11,710,709$11,976,600▲ $265,891
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank EmoryChairman
Kyle SmithVice-chairman
Angelica HallSecretary
Blake BatchelorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$769,982
Other Revenue
$0
Change in Net Assets
$265,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$504,091
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$504,091--$504,091
Total Functional Expenses$504,091$0$0$504,091
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Treasurer reviews form 990 for completeness and accuracy.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Jones County Finance Corporation
EIN
82-2481632
Phone
2524485111
Address
418 HWY 58 NORTH UNIT A, TRENTON, NC 28585

Signing Officer

Name
Blake Batchelor
Title
Treasurer
Phone
2524485111
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Blake Batchelor
Formed
2017
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Thompson Price Scott Adams & Co
Address
4024 OLEANDER DRIVE SUITE 3, WILMINGTON, NC 28403
Preparer
Gregory S Adams
Phone
9107994872
Raw XML Appendix254 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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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/ReturnTs02024-11-15T10:06:18-06:00
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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