Civic Intelligence

Accelerate Cleveland County

990 • Fiscal year 2020 • EIN 83-3278809

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 16, 2020

Organization Profile
PO Box 1210Shelby, NC 28151

(704) 484-4798

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

36th percentile

-2.8%

Higher net margin than 36% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

6th percentile

-65%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

774%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$1,476

Down $2,777 (-65%) from 2019

Net Assets

Down

$1,476

Down $1,965 (-57%) from 2019

Liabilities

Down

$0

Down $812 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin36th percentile

Revenue

Up

$69,950

Up $61,950 (+774%) from 2019

Expenses

Up

$71,915

Up $67,356 (+1477%) from 2019

Net Income

Down

-$1,965

Down $5,406 (-157%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$6.0K$4.0K$2.0K$0Assets 2019: $4,253Liabilities 2019: $812Net Assets 2019: $3,4412019Assets 2020: $1,476Liabilities 2020: $0Net Assets 2020: $1,4762020

Highlighted filing

2020

Assets$1,476
Liabilities$0
Net Assets$1,476
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2019: $8,000Expenses 2019: $4,559Net Income 2019: $3,4412019Revenue 2020: $69,950Expenses 2020: $71,915Net Income 2020: -$1,9652020

Highlighted filing

2020

Revenue$69,950
Expenses$71,915
Net Income-$1,965
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$69,950
Mission and Program Overview

Mission

Advancing education and job prospects for the poor, depressed, or otherwise underprivileged residents of cleveland county

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,253$1,476▼ $2,777
Total Assets$4,253$1,476▼ $2,777
Liabilities
Other Liabilities$812--
Total Liabilities$812$0▼ $812
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,441$1,476▼ $1,965
Total Net Assets Fund Balance$3,441$1,476▼ $1,965
Total Liabilities and Net Assets / Fund Balance$4,253$1,476▼ $2,777
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Hugh SandoePresident
Bruce MackBoard Member
Robert ColemanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$69,950
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$27,001
Change in Net Assets
$-1,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$62,509
Other Expenses$9,406
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,067--$58,067
Payroll Taxes$4,442--$4,442
Fees for Services Accounting-$3,531-$3,531
Other Expenses$626$626-$1,252
Total Functional Expenses$67,758$4,157$0$71,915
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The return is reviewed by the board prior to filing.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Accelerate Cleveland County
EIN
83-3278809
Phone
7044844798
Address
PO BOX 1210, SHELBY, NC 28151

Signing Officer

Name
Hugh Sandoe
Title
President
Phone
7044766025
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugh Sandoe
Formed
2018
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
27
Volunteers
3

Preparer

Firm
Gragg & Gragg Llp
Address
9 E MARION ST, SHELBY, NC 28150-4301
Preparer
Stephen Carico CPA
Phone
7044822001
Raw XML Appendix262 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/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/Filer/EIN0833278809
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ReturnHeader/FilingSecurityInformation/IPTm012:56:34
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN CARICO CPA
ReturnHeader/ReturnTs02020-11-18T12:56:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,476
Liabilities
$0
Net assets
$1,476
Revenue
$69,950
Expenses
$71,915
Net income
-$1,965
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$70.0$71.9$1.97
2019Detailed filing. Detailed filing data is available for this year.$4.25$0.81$3.44$8.00$4.56$3.44