Civic Intelligence

Accelerate Cleveland County

990 • Fiscal year 2019 • EIN 83-3278809

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 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

83rd percentile

0.19x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets83rd percentile

Assets

$4,253

No earlier filing loaded for comparison.

Net Assets

$3,441

No earlier filing loaded for comparison.

Liabilities

$812

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin89th percentile

Revenue

$8,000

No earlier filing loaded for comparison.

Expenses

$4,559

No earlier filing loaded for comparison.

Net Income

$3,441

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2019

Assets$4,253
Liabilities$812
Net Assets$3,441
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2019

Revenue$8,000
Expenses$4,559
Net Income$3,441
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.2
Gross Receipts
$8,000
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-
Total Assets$0$4,253▲ $4,253
Liabilities
Other Liabilities-$812-
Total Liabilities$0$812▲ $812
Net Assets / Fund Balance
Unrestricted Net Assets-$3,441-
Total Net Assets Fund Balance$0$3,441▲ $3,441
Total Liabilities and Net Assets / Fund Balance$0$4,253▲ $4,253
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$8,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,000
Change in Net Assets
$3,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,559
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,235--$4,235
Payroll Taxes$324--$324
Total Functional Expenses$4,559$0$0$4,559
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax$812
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
2020-05-15
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
0

Preparer

Firm
Gragg & Gragg Llp
Address
9 E MARION ST, SHELBY, NC 28150-4301
Preparer
Stephen Carico CPA
Phone
7044822001
Raw XML Appendix238 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/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,253
Liabilities
$812
Net assets
$3,441
Revenue
$8,000
Expenses
$4,559
Net income
$3,441
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