Civic Intelligence

Thread Capital Inc

990 • Fiscal year 2023 • EIN 83-1284532

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 23, 2024

Organization ProfileTHREADCAP.ORG
4021 Carya DriveRaleigh, NC 27610

(919) 212-4950

Siviq Scores

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

Liabilities / Assets

50th percentile

0.27x

Higher debt load relative to assets than 50% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

1.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Source year 2023

Net Margin

69th percentile

18%

Higher net margin than 69% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$281,828

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2023 filings • NTEE S • $10M-$25M nonprofits • Source year 2023

Asset Growth

44th percentile

3.5%

Faster asset growth than 44% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

106%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$11,368,374

Up $380,133 (+3.5%) from 2022

Net Assets

Up

$8,333,249

Up $89,605 (+1.1%) from 2022

Liabilities

Up

$3,035,125

Up $290,528 (+11%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin69th percentile

Revenue

Up

$3,034,496

Up $1,564,946 (+106%) from 2022

Expenses

Down

$2,494,891

Down $73,441 (-2.9%) from 2022

Net Income

Up

$539,605

Up $1,638,387 (+149%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$20M$15M$10M$5.0M$0Assets 2019: $7,470,509Liabilities 2019: $665,007Net Assets 2019: $6,805,5022019Assets 2020: $10,857,847Liabilities 2020: $3,014,665Net Assets 2020: $7,843,1822020Assets 2021: $10,500,992Liabilities 2021: $1,164,082Net Assets 2021: $9,336,9102021Assets 2022: $10,988,241Liabilities 2022: $2,744,597Net Assets 2022: $8,243,6442022Assets 2023: $11,368,374Liabilities 2023: $3,035,125Net Assets 2023: $8,333,2492023Assets 2024: $15,959,507Liabilities 2024: $3,852,211Net Assets 2024: $12,107,2962024Assets 2025: $11,672,551Liabilities 2025: $2,952,788Net Assets 2025: $8,719,7632025

Highlighted filing

2023

Assets$11,368,374
Liabilities$3,035,125
Net Assets$8,333,249
Open 2023 Filing

Operations Trend

Revenue Growth91st percentile

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

$10M$5.0M$0-$5.0MRevenue 2019: $8,078,528Expenses 2019: $685,706Net Income 2019: $7,392,8222019Revenue 2020: $3,838,887Expenses 2020: $1,776,207Net Income 2020: $2,062,6802020Revenue 2021: $3,562,695Expenses 2021: $2,068,967Net Income 2021: $1,493,7282021Revenue 2022: $1,469,550Expenses 2022: $2,568,332Net Income 2022: -$1,098,7822022Revenue 2023: $3,034,496Expenses 2023: $2,494,891Net Income 2023: $539,6052023Revenue 2024: $7,228,789Expenses 2024: $3,021,846Net Income 2024: $4,206,9432024Revenue 2025: $1,612,726Expenses 2025: $4,458,425Net Income 2025: -$2,845,6992025

Highlighted filing

2023

Revenue$3,034,496
Expenses$2,494,891
Net Income$539,605
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 23, 2024
Return Version
2022v5.0
Gross Receipts
$3,034,496
Mission and Program Overview

Mission

Thread capital believes everyone deserves the chance to be successful. We give people the tools they need to pursue their small-business dreams, and create a better tomorrow for themselves, their families, and their communities.

Ensuring nc's small businesses and entrepreneurs have access to the resources they need to thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,378,974$3,814,963▲ $435,989
Cash and Non-Interest-Bearing Accounts$5,810,888$3,651,759▼ $2,159,129
Pledges and Grants Receivable$1,501,190$2,501,190▲ $1,000,000
Savings and Temporary Cash Investments-$1,014,642-
Accounts Receivable$297,189$363,836▲ $66,647
Prepaid Expenses and Deferred Charges-$21,984-
Total Assets$10,988,241$11,368,374▲ $380,133
Liabilities
Unsecured Notes Loans Payable$2,000,000$2,500,000▲ $500,000
Accounts Payable and Accrued Expenses$614,960$422,249▼ $192,711
Deferred Revenue$129,637$112,876▼ $16,761
Total Liabilities$2,744,597$3,035,125▲ $290,528
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,934,599$5,559,780▲ $625,181
Net Assets Without Donor Restrictions$3,309,045$2,773,469▼ $535,576
Total Net Assets Fund Balance$8,243,644$8,333,249▲ $89,605
Total Liabilities and Net Assets / Fund Balance$10,988,241$11,368,374▲ $380,133
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleOtherTotal
Franklin RobertsCFO & COO/ASST TREASURER (FROM MAR '22)$168,586$168,586

Board Members and Trustees

NameTitle
Andy AndersonChairperson
Al BassDirector
Brittany Bennett WestonDirector
Grant GodwinDirector
John StokesDirector
Juvencio Roch-peraltaDirector
Patrick WoodieDirector
Jose AlvarezDIRECTOR (FROM JUN '23)
Ryan AmmannDIRECTOR (FROM JUN '23)
Henry MckoyDIRECTOR (TO AUG '22)
Jonathan BreretonExecutive Director
Franklin RobertsCFO & COO/ASST TREASURER (FROM MAR '
Kim GrahamSecretary
Joseph StanleyTreasurer
Brandon RosasVP, FINANCE & ADMIN (TO MAR '22)
Revenue and Support

Revenue Composition

Contributions and Grants
$980,800
Program Service Revenue
$117,608
Investment Income
$1,936,088
Other Revenue
$0
All Other Contributions
$730,800
Change in Net Assets
$539,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,034,496
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,034,496
Total Revenue per Form 990
$3,034,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,264,631
Salaries, Compensation, and Employee Benefits$1,230,260
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$866,017--$866,017
Fees for Services Management-$653,439-$653,439
Fees for Services Other$405,167--$405,167
Current Officers, Directors, Trustees, and Key Employees$143,323--$143,323
Pension Plan Contributions$80,815--$80,815
Payroll Taxes$74,171--$74,171
Other Employee Benefits$65,934--$65,934
Travel$36,097--$36,097
Information Technology$36,023--$36,023
Interest$27,389--$27,389
Advertising$26,807--$26,807
Fees for Services Accounting$25,000--$25,000
Conferences and Meetings$24,482--$24,482
Fees for Services Legal$19,554--$19,554
Office Expenses$3,911--$3,911
Occupancy$1,840--$1,840
Other Expenses$500--$500
All Other Expenses$46--$46
Total Functional Expenses$1,841,452$653,439$0$2,494,891

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,944,891
Expenses per Audited Statements$2,494,891
Total Expenses per Form 990$2,494,891
Expenses Not Reported on Form 990$450,000
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The rural economic development center provides management services for the organization pursuant to a management services agreement.”

Form 990, Part VI, Section A, Line 4

“The organization amended its bylaws during december 2022 to modify the qualifications for board members and the requirements for scheduling of the annual meeting in relation to year-end.”

Form 990, Part VI, Section A, Line 6

“The organization's sole member is the rural economic development center.”

Form 990, Part VI, Section A, Line 7A

“The initial board of directors shall be appointed by the member to serve one (1) year, two (2) year, or three (3) year terms. Subsequently, the board of directors shall be elected by the incumbent board of directors at its annual meeting. All directors must be approved by the member.”

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

“The organization will make the form 990 available for review by the entire board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The conflicts of interest policy is reviewed at every board meeting and members are asked if there are any conflicts. Should any conflicts exist, that person will recuse himself/herself from all discussions or vote and such information will be noted in the organization's board minutes.”

Form 990, Part VI, Section B, Line 15

“The president of the rural economic development center conducts the salary review process and uses market comparables from other form 990's of similar organizations to determine appropriate compensation. In addition, a human resources consultant was hired to perform a classification and pay study. Compensation is reviewed by the thread board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements, conflicts of interest policy and governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Thread Capital Inc
EIN
83-1284532
Phone
9192124950
Address
4021 CARYA DRIVE, RALEIGH, NC 27610

Signing Officer

Name
Andy Anderson
Title
Board Chair
Phone
9192124950
Signed
2024-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Brereton
Formed
2018
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
11

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS ROAD SUITE 1500, RALEIGH, NC 27609
Preparer
J Calvin Marks
Phone
9197196400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional services: program service expenses 405,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 405,167.”

FORM 990, PART XI, LINE 9:

“Provision for loan losses -450,000.”

Financial Statement Notes

PART X, LINE 2:

“Management has evaluated thread's tax positions and concluded that thread had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of gaap.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Provision for loan losses 450,000.”

Raw XML AppendixShowing 400 of 596 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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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO & COO/ASST TREASURER (FROM MAR '22)
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP, FINANCE & ADMIN (TO MAR '22)
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03034496
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt036023
IRS990/InformationTechnologyGrp/TotalAmt036023
IRS990/InterestGrp/ProgramServicesAmt027389
IRS990/InterestGrp/TotalAmt027389
IRS990/InvestmentIncomeGrp/ExclusionAmt014642
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01921446
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01936088
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THREAD CAPITAL BELIEVES EVERYONE DESERVES THE CHANCE TO BE SUCCESSFUL. WE GIVE PEOPLE THE TOOLS THEY NEED TO PURSUE THEIR SMALL-BUSINESS DREAMS, AND CREATE A BETTER TOMORROW FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08243644
IRS990/NetAssetsOrFundBalancesEOYAmt08333249
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03309045
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02773469
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01840
IRS990/OccupancyGrp/TotalAmt01840
IRS990/OfficeExpensesGrp/ProgramServicesAmt03911
IRS990/OfficeExpensesGrp/TotalAmt03911
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-450000
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt065934
IRS990/OtherEmployeeBenefitsGrp/TotalAmt065934
IRS990/OtherExpensesGrp/Desc0LOAN ORIGINATION EXPENS
IRS990/OtherExpensesGrp/Desc1DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/ProgramServicesAmt04376
IRS990/OtherExpensesGrp/ProgramServicesAmt1500
IRS990/OtherExpensesGrp/TotalAmt04376
IRS990/OtherExpensesGrp/TotalAmt1500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0866017
IRS990/OtherSalariesAndWagesGrp/TotalAmt0866017
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03378974
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03814963
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt074171
IRS990/PayrollTaxesGrp/TotalAmt074171
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt080815
IRS990/PensionPlanContributionsGrp/TotalAmt080815
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01501190
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02501190
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021984
IRS990/PrincipalOfficerNm0JONATHAN BRERETON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0117608
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0117608
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0505610
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06400
IRS990/PYInvestmentIncomeAmt0869906
IRS990/PYOtherExpensesAmt01443362
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt094034
IRS990/PYRevenuesLessExpensesAmt0-1098782
IRS990/PYSalariesCompEmpBnftPaidAmt01118570
IRS990/PYTotalExpensesAmt02568332
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01469550
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0539605
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0250000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02039054
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01014642
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt02494891
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0561552375
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt02494891
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0RURAL ECONOMIC DEVELOPMENT CENTER INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt0450000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02494891
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0450000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03034496
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THREAD'S TAX POSITIONS AND CONCLUDED THAT THREAD HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF GAAP.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROVISION FOR LOAN LOSSES 450,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02494891
IRS990ScheduleD/TotalRevenuePerForm990Amt03034496
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03034496
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02944891
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0238931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1215074
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2143139
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3138821
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,368,374
Liabilities
$3,035,125
Net assets
$8,333,249
Revenue
$3,034,496
Expenses
$2,494,891
Net income
$539,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.7$2.95$8.72$1.61$4.46$2.85
2024Detailed filing. Detailed filing data is available for this year.$16.0$3.85$12.1$7.23$3.02$4.21
2023Detailed filing. Detailed filing data is available for this year.$11.4$3.04$8.33$3.03$2.49$0.54
2022Detailed filing. Detailed filing data is available for this year.$11.0$2.74$8.24$1.47$2.57$1.10
2021Detailed filing. Detailed filing data is available for this year.$10.5$1.16$9.34$3.56$2.07$1.49
2020Detailed filing. Detailed filing data is available for this year.$10.9$3.01$7.84$3.84$1.78$2.06
2019Detailed filing. Detailed filing data is available for this year.$7.47$0.67$6.81$8.08$0.69$7.39