Civic Intelligence

Catawba Valley Leadership Foundation Inc

EIN 82-3066670 • 501(c)3 • Hickory, NC

Profile

To make life better for every person living in the catawba valley by developing, supporting, and cultivating strong leadership throughout our community.

407 2nd Street NWHickory, NC 28601

www.catawbaleadership.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.02x

Higher debt load relative to assets than 78% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.01x

Higher debt load relative to revenue than 77% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Net Margin

12th percentile

-32%

Higher net margin than 12% of similar nonprofits.

NTEE W • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$42,375

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 20.0% of source-year revenue.

NTEE W • <$500k nonprofits • Source year 2024

Asset Growth

17th percentile

-41%

Faster asset growth than 17% of similar nonprofits.

NTEE W • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-25%

Faster revenue growth than 27% of similar nonprofits.

NTEE W • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$99,489

Down $70,426 (-41%) from 2023

Liabilities

Down

$2,224

Down $1,572 (-41%) from 2023

Net Assets

Down

$97,265

Down $68,854 (-41%) from 2023

Revenue

Down

$212,187

Down $72,535 (-25%) from 2023

Expenses

Up

$281,041

Up $43,165 (+18%) from 2023

Net Income

Down

-$68,854

Down $115,700 (-247%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2018: $44,974Liabilities 2018: $1,510Net Assets 2018: $43,4642018Assets 2019: $60,816Liabilities 2019: $1,558Net Assets 2019: $59,2582019Assets 2020: $14,850Liabilities 2020: $15,289Net Assets 2020: -$4392020Assets 2021: $56,903Liabilities 2021: $821Net Assets 2021: $56,0822021Assets 2022: $120,652Liabilities 2022: $1,359Net Assets 2022: $119,2932022Assets 2023: $169,915Liabilities 2023: $3,796Net Assets 2023: $166,1192023Assets 2024: $99,489Liabilities 2024: $2,224Net Assets 2024: $97,2652024

Highlighted filing

2024

Assets$99,489
Liabilities$2,224
Net Assets$97,265

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2018: $119,008Expenses 2018: $76,038Net Income 2018: $42,9702018Revenue 2019: $233,583Expenses 2019: $217,788Net Income 2019: $15,7952019Revenue 2020: $61,199Expenses 2020: $120,896Net Income 2020: -$59,6972020Revenue 2021: $169,667Expenses 2021: $113,146Net Income 2021: $56,5212021Revenue 2022: $233,319Expenses 2022: $170,107Net Income 2022: $63,2122022Revenue 2023: $284,722Expenses 2023: $237,876Net Income 2023: $46,8462023Revenue 2024: $212,187Expenses 2024: $281,041Net Income 2024: -$68,8542024

Highlighted filing

2024

Revenue$212,187
Expenses$281,041
Net Income-$68,854

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.2
Gross Receipts
$242,757
Mission and Program Overview

Mission

To make life better for every person living in the catawba valley by developing, supporting, and cultivating strong leadership throughout our community

To make life better for every person living in the catawba valley by developing, supporting, and cultivating strong leadership throughout our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$168,915$63,309▼ $105,606
Land, Buildings, and Equipment, Net-$31,130-
Prepaid Expenses and Deferred Charges$0$3,550▲ $3,550
Accounts Receivable$1,000$1,500▲ $500
Total Assets$169,915$99,489▼ $70,426
Liabilities
Accounts Payable and Accrued Expenses$3,796$2,224▼ $1,572
Total Liabilities$3,796$2,224▼ $1,572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$166,119$97,265▼ $68,854
Total Net Assets Fund Balance$166,119$97,265▼ $68,854
Total Liabilities and Net Assets / Fund Balance$169,915$99,489▼ $70,426

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$22,954$3,541-
Land$0--
Equipment$3,076$421-
Leasehold Improvements$5,100$633-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Victoria SchronceFoundation DirectorFT$42,375$42,375

Board Members and Trustees

NameTitle
Chad HallPresident/director
T Bruce SchronceVP & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$213,403
Program Service Revenue
$29,354
Investment Income
$0
Other Revenue
$-30,570
All Other Contributions
$186,354
Change in Net Assets
$-68,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,144
Salaries, Compensation, and Employee Benefits$102,897
Total Fundraising Expense$30,570
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$75,795$0$0$75,795
Other Salaries and Wages$39,908$2,660$10,642$53,210
All Other Expenses$26,947$9,807$8,418$45,172
Current Officers, Directors, Trustees, and Key Employees$31,781$2,119$8,475$42,375
Occupancy$0$28,600$0$28,600
Payroll Taxes$5,483$366$1,463$7,312
Fees for Services Accounting$0$7,000$0$7,000
Office Expenses$2,023$4,046$674$6,743
Conferences and Meetings$5,750$0$0$5,750
Depreciation Depletion$3,333$1,262$0$4,595
Travel$2,197$0$0$2,197
Insurance$0$1,394$0$1,394
Advertising$0$0$898$898
Total Functional Expenses$193,217$57,254$30,570$281,041
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$30,570
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Leader Dinner$27,049$0$23,069$-23,069
Total Events$27,049$0$30,769$-30,769
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Victoria Schroncedaughter of VPWagesNo$42,375
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
Filing and Contact Details

Filer

Filer Name
Catawba Valley Leadership Foundation Inc
EIN
82-3066670
Phone
8288552080
Address
407 2ND STREET NW, HICKORY, NC 28601

Signing Officer

Name
Chad Hall
Title
President
Phone
8288552080
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
0
Employees
3
Volunteers
1

Preparer

Firm
Lawing Matthews & Company Pa
Address
1985 TATE BLVD SE SUITE 730, HICKORY, NC 28602
Preparer
Pamela J Matthews
Phone
8282675958
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Return is reviewed by all of the board members at an annual meeting.

Pt VI, Line 2

Bruce Scronce and Victoria Scronce are father-in-law and daughter-in-law.

Form 990, Part IX, Line 11G

Contractor payments to leadership professionals 75795. 75795. 0. 0.

Form 990, Part IX, Line 24E

Bank fees 813. 0. 813. 0.

Form 990, Part IX, Line 24E

Meals and entertainment 1918. 1200. 0. 718.

Form 990, Part IX, Line 24E

Repairs & maintenance 7226. 0. 7226. 0.

Form 990, Part IX, Line 24E

Paypal fees 348. 0. 348. 0.

Form 990, Part IX, Line 24E

Program supplies 17455. 17455. 0. 0.

Form 990, Part IX, Line 24E

Banquet expense 7700. 0. 0. 7700.

Form 990, Part IX, Line 24E

Board expenses 328. 0. 328. 0.

Form 990, Part IX, Line 24E

Meeting expenses 4546. 4546. 0. 0.

Form 990, Part IX, Line 24E

DUES 2481. 2481. 0. 0.

Form 990, Part IX, Line 24E

Taxes & licenses 529. 0. 529. 0.

Form 990, Part IX, Line 24E

App development 979. 979. 0. 0.

Form 990, Part IX, Line 24E

Other business expense 286. 286. 0. 0.

Form 990, Part IX, Line 24E

Quickbooks fees 324. 0. 324. 0.

Form 990, Part IX, Line 24E

Subscriptions 239. 0. 239. 0.

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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LEGACY LEADER DINNER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Victoria Schronce
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0daughter of VP
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Return is reviewed by all of the board members at an annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bruce Scronce and Victoria Scronce are father-in-law and daughter-in-law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACTOR PAYMENTS TO LEADERSHIP PROFESSIONALS 75795. 75795. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK FEES 813. 0. 813. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEALS AND ENTERTAINMENT 1918. 1200. 0. 718.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REPAIRS & MAINTENANCE 7226. 0. 7226. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PAYPAL FEES 348. 0. 348. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROGRAM SUPPLIES 17455. 17455. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BANQUET EXPENSE 7700. 0. 0. 7700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BOARD EXPENSES 328. 0. 328. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MEETING EXPENSES 4546. 4546. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DUES 2481. 2481. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12TAXES & LICENSES 529. 0. 529. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13APP DEVELOPMENT 979. 979. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14OTHER BUSINESS EXPENSE 286. 286. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15QUICKBOOKS FEES 324. 0. 324. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16SUBSCRIPTIONS 239. 0. 239. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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