Civic Intelligence

High Point Discovered Inc.

990 • Fiscal year 2021 • EIN 84-3686194

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 19, 2022

PO Box 6437High Point, NC 27262

(336) 889-3996

Siviq Scores

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

Liabilities / Assets

58th percentile

0.01x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.01x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Net Margin

78th percentile

37%

Higher net margin than 78% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Asset Growth

92nd percentile

140%

Faster asset growth than 92% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

120%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$155,778

Up $90,937 (+140%) from 2020

Net Assets

Up

$154,156

Up $90,572 (+142%) from 2020

Liabilities

Up

$1,622

Up $365 (+29%) from 2020

Revenue

Up

$242,435

Up $132,394 (+120%) from 2020

Expenses

Up

$151,863

Up $105,406 (+227%) from 2020

Net Income

Up

$90,572

Up $26,988 (+42%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2020: $64,841Liabilities 2020: $1,257Net Assets 2020: $63,5842020Assets 2021: $155,778Liabilities 2021: $1,622Net Assets 2021: $154,1562021Assets 2022: $235,347Liabilities 2022: $0Net Assets 2022: $235,3472022Assets 2023: $181,607Liabilities 2023: $267Net Assets 2023: $181,3402023Assets 2024: $93,087Liabilities 2024: $0Net Assets 2024: $93,0872024

Highlighted filing

2021

Assets$155,778
Liabilities$1,622
Net Assets$154,156

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $110,041Expenses 2020: $46,457Net Income 2020: $63,5842020Revenue 2021: $242,435Expenses 2021: $151,863Net Income 2021: $90,5722021Revenue 2022: $297,077Expenses 2022: $215,886Net Income 2022: $81,1912022Revenue 2023: $298,519Expenses 2023: $352,526Net Income 2023: -$54,0072023Revenue 2024: $311,840Expenses 2024: $400,093Net Income 2024: -$88,2532024

Highlighted filing

2021

Revenue$242,435
Expenses$151,863
Net Income$90,572
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 19, 2022
Return Version
2021v4.0
Gross Receipts
$243,214
Mission and Program Overview

Mission

The organization is a media group created to showcase the city of high point north carolina on a personal level. High point discovered is empowering people by telling stories and elevating the voices of our community. The purpose of high point discovered is to highlight, with unapologetically rose-colored lens, the very best of high point. The organization goal is to create a unique, positive conversation about high point with beautiful photograpy and thoughtful story telling that highlights unique stories around town, opening doors to create opportunities and engagement from within and outside the community. The outreach is connecting people to one another and serving as an economic development within the community of high point. With high point discovered's unique and unapologetically rose-colored perspective, it creates a platform for those who are bright lights in innovation, art, education, entrepreneurship, family, food, entertainment, philanthropy, and community to collide and s

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$64,841$153,047▲ $88,206
Accounts Receivable-$2,731-
Total Assets$64,841$155,778▲ $90,937
Liabilities
Accounts Payable and Accrued Expenses$1,257$1,622▲ $365
Total Liabilities$1,257$1,622▲ $365
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$63,584$154,156▲ $90,572
Total Net Assets Fund Balance$63,584$154,156▲ $90,572
Total Liabilities and Net Assets / Fund Balance$64,841$155,778▲ $90,937
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lara C BarbourChairman
Christi F SpangleVice Chairma
Brian KuppelweiserDirector
Cyril JeffersonDirector
Ryan FergusonDirector
Megan OglesbySecretary
Jack HendrixTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$236,355
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$6,080
All Other Contributions
$201,355
Change in Net Assets
$90,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,993
Salaries, Compensation, and Employee Benefits$54,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$54,788--$54,788
Other Salaries and Wages$47,006--$47,006
Office Expenses$26,806--$26,806
Information Technology$10,280--$10,280
Other Employee Benefits$4,350--$4,350
Occupancy$3,900--$3,900
Payroll Taxes$3,514--$3,514
Insurance$914--$914
Payment Travel Entrtnmnt Publicly Ofcl$221--$221
Interest$72--$72
Fees for Services Legal$12--$12
Total Functional Expenses$151,863$0$0$151,863
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,859
Fundraising Direct Expenses$779
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
High Point Discovered Inc
EIN
84-3686194
Phone
3368893996
Address
PO BOX 6437, HIGH POINT, NC 27262

Signing Officer

Name
Jack Hendrix
Title
Treasurer
Phone
3368872272
Signed
2022-02-19

Organization Details

Principal Officer
Lara C Barbour
Formed
2019
Voting Board Members
7
Independent Board Members
7
Employees
3

Preparer

Firm
HENDRIX BARNEY & CO CPA'S PLLC
Address
1015 HUTTON LANE SUITE 103, HIGH POINT, NC 27262
Preparer
Jack G Hendrix CPA
Phone
3368872272
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization is a media group created to showcase the city of high point north carolina on a personal level. High point discovered is empowering people by telling stories and elevating the voices of our community. The purpose of high point discovered is to highlight, with unapologetically rose-colored lens, the very best of high point. The organization goal is to create a unique, positive conversation about high point with beautiful photograpy and thoughtful story telling that highlights unique stories around town, opening doors to create opportunities and engagement from within and outside the community. The outreach is connecting people to one another and serving as an economic development within the community of high point. With high point discovered's unique and unapologetically rose-colored perspective, it creates a platform for those who are bright lights in innovation, art, education, entrepreneurship, family, food, entertainment, philanthropy, and community to collide and share their passions. Its only agenda is to share life-filled stories with fellow high pointers, north carolinians, and global citizens. Through its celebration of the city's contributors, it will serve as a catalyst for those contributors to experience greater growth, in turn fortifying the city for lasting economic resurgence and stability. High point discovered empowers those who are changing the city of high point for good, inspires others to get involved, and cultivates a sense of pride within all high point residents for the place they all call "home". Organization's major activities consist of using social media platforms, including blogs, videos, podcasts, website and other types of media to showcase, share and promote the best of the city of high point. The organization will partner with other organizations and nonprofits and sponsor/host and/or participate in events and activities all with the goal of promoting the positive aspects of the city of high point, nc.

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IRS990/MissionDesc0THE ORGANIZATION IS A MEDIA GROUP CREATED TO SHOWCASE THE CITY OF HIGH POINT NORTH CAROLINA ON A PERSONAL LEVEL. HIGH POINT DISCOVERED IS EMPOWERING PEOPLE BY TELLING STORIES AND ELEVATING THE VOICES OF OUR COMMUNITY. THE PURPOSE OF HIGH POINT DISCOVERED IS TO HIGHLIGHT, WITH UNAPOLOGETICALLY ROSE-COLORED LENS, THE VERY BEST OF HIGH POINT. THE ORGANIZATION GOAL IS TO CREATE A UNIQUE, POSITIVE CONVERSATION ABOUT HIGH POINT WITH BEAUTIFUL PHOTOGRAPY AND THOUGHTFUL STORY TELLING THAT HIGHLIGHTS UNIQUE STORIES AROUND TOWN, OPENING DOORS TO CREATE OPPORTUNITIES AND ENGAGEMENT FROM WITHIN AND OUTSIDE THE COMMUNITY. THE OUTREACH IS CONNECTING PEOPLE TO ONE ANOTHER AND SERVING AS AN ECONOMIC DEVELOPMENT WITHIN THE COMMUNITY OF HIGH POINT. WITH HIGH POINT DISCOVERED'S UNIQUE AND UNAPOLOGETICALLY ROSE-COLORED PERSPECTIVE, IT CREATES A PLATFORM FOR THOSE WHO ARE BRIGHT LIGHTS IN INNOVATION, ART, EDUCATION, ENTREPRENEURSHIP, FAMILY, FOOD, ENTERTAINMENT, PHILANTHROPY, AND COMMUNITY TO COLLIDE AND S
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A MEDIA GROUP CREATED TO SHOWCASE THE CITY OF HIGH POINT NORTH CAROLINA ON A PERSONAL LEVEL. HIGH POINT DISCOVERED IS EMPOWERING PEOPLE BY TELLING STORIES AND ELEVATING THE VOICES OF OUR COMMUNITY. THE PURPOSE OF HIGH POINT DISCOVERED IS TO HIGHLIGHT, WITH UNAPOLOGETICALLY ROSE-COLORED LENS, THE VERY BEST OF HIGH POINT. THE ORGANIZATION GOAL IS TO CREATE A UNIQUE, POSITIVE CONVERSATION ABOUT HIGH POINT WITH BEAUTIFUL PHOTOGRAPY AND THOUGHTFUL STORY TELLING THAT HIGHLIGHTS UNIQUE STORIES AROUND TOWN, OPENING DOORS TO CREATE OPPORTUNITIES AND ENGAGEMENT FROM WITHIN AND OUTSIDE THE COMMUNITY. THE OUTREACH IS CONNECTING PEOPLE TO ONE ANOTHER AND SERVING AS AN ECONOMIC DEVELOPMENT WITHIN THE COMMUNITY OF HIGH POINT. WITH HIGH POINT DISCOVERED'S UNIQUE AND UNAPOLOGETICALLY ROSE-COLORED PERSPECTIVE, IT CREATES A PLATFORM FOR THOSE WHO ARE BRIGHT LIGHTS IN INNOVATION, ART, EDUCATION, ENTREPRENEURSHIP, FAMILY, FOOD, ENTERTAINMENT, PHILANTHROPY, AND COMMUNITY TO COLLIDE AND SHARE THEIR PASSIONS. ITS ONLY AGENDA IS TO SHARE LIFE-FILLED STORIES WITH FELLOW HIGH POINTERS, NORTH CAROLINIANS, AND GLOBAL CITIZENS. THROUGH ITS CELEBRATION OF THE CITY'S CONTRIBUTORS, IT WILL SERVE AS A CATALYST FOR THOSE CONTRIBUTORS TO EXPERIENCE GREATER GROWTH, IN TURN FORTIFYING THE CITY FOR LASTING ECONOMIC RESURGENCE AND STABILITY. HIGH POINT DISCOVERED EMPOWERS THOSE WHO ARE CHANGING THE CITY OF HIGH POINT FOR GOOD, INSPIRES OTHERS TO GET INVOLVED, AND CULTIVATES A SENSE OF PRIDE WITHIN ALL HIGH POINT RESIDENTS FOR THE PLACE THEY ALL CALL "HOME". ORGANIZATION'S MAJOR ACTIVITIES CONSIST OF USING SOCIAL MEDIA PLATFORMS, INCLUDING BLOGS, VIDEOS, PODCASTS, WEBSITE AND OTHER TYPES OF MEDIA TO SHOWCASE, SHARE AND PROMOTE THE BEST OF THE CITY OF HIGH POINT. THE ORGANIZATION WILL PARTNER WITH OTHER ORGANIZATIONS AND NONPROFITS AND SPONSOR/HOST AND/OR PARTICIPATE IN EVENTS AND ACTIVITIES ALL WITH THE GOAL OF PROMOTING THE POSITIVE ASPECTS OF THE CITY OF HIGH POINT, NC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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