Civic Intelligence

Hpxd Inc

990EZ • Fiscal year 2022 • EIN 86-1735716

Jul 01, 2021 to Jun 30, 2022 • Filed on Jul 30, 2022

1015 Hutton Lane Suite 103High Point, NC 27262

(336) 887-2272

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

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

2022 filings • NTEE S40 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.00x

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

2022 filings • NTEE S40 • <$500k nonprofits • Source year 2022

Net Margin

70th percentile

21%

Higher net margin than 70% of similar nonprofits.

2022 filings • NTEE S40 • <$500k nonprofits • Source year 2022

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2022 filings • NTEE S40 • <$500k nonprofits • Source year 2022

Asset Growth

93rd percentile

92%

Faster asset growth than 93% of similar nonprofits.

2022 filings • NTEE S40 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

107%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • NTEE S40 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$106,012

Up $50,830 (+92%) from 2021

Net Assets

$106,012

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$142,525

Up $73,770 (+107%) from 2021

Expenses

Up

$112,513

Up $98,940 (+729%) from 2021

Net Income

Down

$30,012

Down $25,170 (-46%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2021: $55,182Liabilities 2021: $02021Assets 2022: $106,012Liabilities 2022: $0Net Assets 2022: $106,0122022Assets 2023: $81,719Net Assets 2023: $81,7192023Assets 2024: $148,015Net Assets 2024: $148,0152024Assets 2025: $136,280Net Assets 2025: $136,2802025

Highlighted filing

2022

Assets$106,012
Liabilities$0
Net Assets$106,012

Operations Trend

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

$200K$100K$0-$100KRevenue 2021: $68,755Expenses 2021: $13,573Net Income 2021: $55,1822021Revenue 2022: $142,525Expenses 2022: $112,513Net Income 2022: $30,0122022Revenue 2023: $163,144Expenses 2023: $187,437Net Income 2023: -$24,2932023Revenue 2024: $192,657Expenses 2024: $126,362Net Income 2024: $66,2952024Revenue 2025: $125,025Expenses 2025: $136,760Net Income 2025: -$11,7352025

Highlighted filing

2022

Revenue$142,525
Expenses$112,513
Net Income$30,012
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jul 30, 2022
Return Version
2021v4.0
Gross Receipts
$142,525
Mission and Program Overview

Mission

High point nc is home to the high point home furnishings market, the largest furnishings industry trade show in the world. The high point market is historically held twice a year with a spring and fall event and is traditionally open to the home furnishings trade only. Hpxd inc seeks to reinvent high point, nc as a year-round hub of design and creativity open to all. Currently the organization is a group of approximately 60 flagship showrooms, that historically were open to the trade only during the famed twice-annual high point home furnishings industry trade market. Primary initiative of the group is the reframing of high point from a restricted trade town with limited opening hours to a dynamic year-round destination for all with phased opening of showrooms. The organization seeks to rebrand and open high point as a year-round hub of design and creativity open to the trade,design enthusiasts and the community. Activities include establishing and promoting a phased calendar of events

Program Services

DescriptionGrantsExpenses
HIGH POINT NC IS HOME TO THE HIGH POINT HOME FURNISHINGS MARKET, THE LARGEST FURNISHINGS INDUSTRY TRADE SHOW IN THE WORLD. THE HIGH POINT MARKET IS HISTORICALLY HELD TWICE A YEAR WITH A SPRING AND FALL EVENT AND IS TRADITIONALLY OPEN TO THE HOME FURNISHINGS TRADE ONLY. HPXD INC SEEKS TO REINVENT HIGH POINT, NC AS A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO ALL. PRIMARY INITIATIVE OF THE GROUP IS THE REFRAMING OF HIGH POINT FROM A RESTRICTED TRADE TOWN WITH LIMITED OPENING HOURS TO A DYNAMIC YEAR- ROUND DESTINATION FOR ALL WITH PHASED OPENING OF SHOWROOMS. THE ORGANIZATION SEEKS TO REBRAND AND OPEN HIGH POINT AS A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO THE TRADE,DESIGN ENTHUSIASTS AND THE COMMUNITY. ACTIVITIES INCLUDE ESTABLISHING AND PROMOTING A PHASED CALENDAR OF EVENTS. THE ORGANIZATION WILL MANAGE EVENT LOGISTICS, MEDIA PROMOTION/COMMUNICATIONS AND ASSESSMENT WITH THE ULTIMATE GOAL OF ESTABLISHING REGULAR OPENING HOURS FOR FLAGSHIP SHOWROOMS. THE ORGANIZATION WILL WORK TO COMMUNICATE A CONSISTENT BRAND STORY ON A SOLID BRAND PLATFORM VIA WEBSITE, SOCIAL MEDIA, EVENT MESSAGING,MEDIA, PRINT COLLATERAL AND PR PLACEMENTS. ACTIVITIES WILL BE DEVOTED TO MEMBERSHIP GROWTH AND FUNDRAISING.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TOM VAN DESSELChairman-$0--
JOHN MULDOONBoard Member-$0--
TOM VERELLENBoard Member-$0--
KATHY DEVEREUXBoard Member-$0--
CASS KEYBoard Member-$0--
JACK G HENDRIXTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Hpxd Inc
EIN
86-1735716
Phone
3368872272
Address
1015 HUTTON LANE SUITE 103, HIGH POINT, NC 27262

Signing Officer

Name
Jack G Hendrix
Title
Treasurer
Phone
3368857045
Signed
2022-07-30
Discuss with paid preparer
Yes

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-ez, Part I, Line 16

Expenses advertising & marketing exps 70,257 bank fees 495 bookkeeping exp 1,750 office supplies 695 credit card processing 995 accounting software fees 376 repairs & maintenance 220 website programming & content 4,966 travel 461 other expenses 481 total 80,696

Form 990-ez, Part I, Line 20

MERGER WITH HPSA 20,818

Form 990-ez, Part III

High point nc is home to the high point home furnishings market, the largest furnishings industry trade show in the world. The high point market is historically held twice a year with a spring and fall event and is traditionally open to the home furnishings trade only. Hpxd inc seeks to reinvent high point, nc as a year-round hub of design and creativity open to all. Currently the organization is a group of approximately 60 flagship showrooms, that historically were open to the trade only during the famed twice-annual high point home furnishings industry trade market. Primary initiative of the group is the reframing of high point from a restricted trade town with limited opening hours to a dynamic year-round destination for all with phased opening of showrooms. The organization seeks to rebrand and open high point as a year-round hub of design and creativity open to the trade,design enthusiasts and the community. Activities include establishing and promoting a phased calendar of events. The organization will manage event logistics, media promotion/communications and assessment with the ultimate goal of establishing regular opening hours for flagship showrooms. Activities are geared toward hpxd inc brand development to facilitate and promote the idea of year-round availablity of showroom space. The organization will work to communicate a consistent brand story on a solid brand platform via website, social media, event messaging,media, print collateral and pr placements. Activities will be devoted to membership growth and fundraising. Growth in members will be necessary to achieve goals. Thousands of exhibitors participate in the high point home furnishing markets. The organization is a small representation of those exhibitors. To achieve the goal of rebranding the city the organization must grow in active members. Activities will be devoted to creating the development of community synergy. There is a stong need present to continually engage the community to reverse the long standing tradition of trade exclusivity and limited availabilty. Existing traditions and stereotypes of trade exclusive events must be overhauled to create a year-round hub of design and creativity open to all.

Form 990-ez, Part III, Line 28

High point nc is home to the high point home furnishings market, the largest furnishings industry trade show in the world. The high point market is historically held twice a year with a spring and fall event and is traditionally open to the home furnishings trade only. Hpxd inc seeks to reinvent high point, nc as a year-round hub of design and creativity open to all. Primary initiative of the group is the reframing of high point from a restricted trade town with limited opening hours to a dynamic year- round destination for all with phased opening of showrooms. The organization seeks to rebrand and open high point as a year-round hub of design and creativity open to the trade,design enthusiasts and the community. Activities include establishing and promoting a phased calendar of events. The organization will manage event logistics, media promotion/communications and assessment with the ultimate goal of establishing regular opening hours for flagship showrooms. The organization will work to communicate a consistent brand story on a solid brand platform via website, social media, event messaging,media, print collateral and pr placements. Activities will be devoted to membership growth and fundraising.

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IRS990EZ/PrimaryExemptPurposeTxt0HIGH POINT NC IS HOME TO THE HIGH POINT HOME FURNISHINGS MARKET, THE LARGEST FURNISHINGS INDUSTRY TRADE SHOW IN THE WORLD. THE HIGH POINT MARKET IS HISTORICALLY HELD TWICE A YEAR WITH A SPRING AND FALL EVENT AND IS TRADITIONALLY OPEN TO THE HOME FURNISHINGS TRADE ONLY. HPXD INC SEEKS TO REINVENT HIGH POINT, NC AS A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO ALL. CURRENTLY THE ORGANIZATION IS A GROUP OF APPROXIMATELY 60 FLAGSHIP SHOWROOMS, THAT HISTORICALLY WERE OPEN TO THE TRADE ONLY DURING THE FAMED TWICE-ANNUAL HIGH POINT HOME FURNISHINGS INDUSTRY TRADE MARKET. PRIMARY INITIATIVE OF THE GROUP IS THE REFRAMING OF HIGH POINT FROM A RESTRICTED TRADE TOWN WITH LIMITED OPENING HOURS TO A DYNAMIC YEAR-ROUND DESTINATION FOR ALL WITH PHASED OPENING OF SHOWROOMS. THE ORGANIZATION SEEKS TO REBRAND AND OPEN HIGH POINT AS A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO THE TRADE,DESIGN ENTHUSIASTS AND THE COMMUNITY. ACTIVITIES INCLUDE ESTABLISHING AND PROMOTING A PHASED CALENDAR OF EVENTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING & MARKETING EXPS 70,257 BANK FEES 495 BOOKKEEPING EXP 1,750 OFFICE SUPPLIES 695 CREDIT CARD PROCESSING 995 ACCOUNTING SOFTWARE FEES 376 REPAIRS & MAINTENANCE 220 WEBSITE PROGRAMMING & CONTENT 4,966 TRAVEL 461 OTHER EXPENSES 481 TOTAL 80,696
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MERGER WITH HPSA 20,818
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HIGH POINT NC IS HOME TO THE HIGH POINT HOME FURNISHINGS MARKET, THE LARGEST FURNISHINGS INDUSTRY TRADE SHOW IN THE WORLD. THE HIGH POINT MARKET IS HISTORICALLY HELD TWICE A YEAR WITH A SPRING AND FALL EVENT AND IS TRADITIONALLY OPEN TO THE HOME FURNISHINGS TRADE ONLY. HPXD INC SEEKS TO REINVENT HIGH POINT, NC AS A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO ALL. CURRENTLY THE ORGANIZATION IS A GROUP OF APPROXIMATELY 60 FLAGSHIP SHOWROOMS, THAT HISTORICALLY WERE OPEN TO THE TRADE ONLY DURING THE FAMED TWICE-ANNUAL HIGH POINT HOME FURNISHINGS INDUSTRY TRADE MARKET. PRIMARY INITIATIVE OF THE GROUP IS THE REFRAMING OF HIGH POINT FROM A RESTRICTED TRADE TOWN WITH LIMITED OPENING HOURS TO A DYNAMIC YEAR-ROUND DESTINATION FOR ALL WITH PHASED OPENING OF SHOWROOMS. THE ORGANIZATION SEEKS TO REBRAND AND OPEN HIGH POINT AS A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO THE TRADE,DESIGN ENTHUSIASTS AND THE COMMUNITY. ACTIVITIES INCLUDE ESTABLISHING AND PROMOTING A PHASED CALENDAR OF EVENTS. THE ORGANIZATION WILL MANAGE EVENT LOGISTICS, MEDIA PROMOTION/COMMUNICATIONS AND ASSESSMENT WITH THE ULTIMATE GOAL OF ESTABLISHING REGULAR OPENING HOURS FOR FLAGSHIP SHOWROOMS. ACTIVITIES ARE GEARED TOWARD HPXD INC BRAND DEVELOPMENT TO FACILITATE AND PROMOTE THE IDEA OF YEAR-ROUND AVAILABLITY OF SHOWROOM SPACE. THE ORGANIZATION WILL WORK TO COMMUNICATE A CONSISTENT BRAND STORY ON A SOLID BRAND PLATFORM VIA WEBSITE, SOCIAL MEDIA, EVENT MESSAGING,MEDIA, PRINT COLLATERAL AND PR PLACEMENTS. ACTIVITIES WILL BE DEVOTED TO MEMBERSHIP GROWTH AND FUNDRAISING. GROWTH IN MEMBERS WILL BE NECESSARY TO ACHIEVE GOALS. THOUSANDS OF EXHIBITORS PARTICIPATE IN THE HIGH POINT HOME FURNISHING MARKETS. THE ORGANIZATION IS A SMALL REPRESENTATION OF THOSE EXHIBITORS. TO ACHIEVE THE GOAL OF REBRANDING THE CITY THE ORGANIZATION MUST GROW IN ACTIVE MEMBERS. ACTIVITIES WILL BE DEVOTED TO CREATING THE DEVELOPMENT OF COMMUNITY SYNERGY. THERE IS A STONG NEED PRESENT TO CONTINUALLY ENGAGE THE COMMUNITY TO REVERSE THE LONG STANDING TRADITION OF TRADE EXCLUSIVITY AND LIMITED AVAILABILTY. EXISTING TRADITIONS AND STEREOTYPES OF TRADE EXCLUSIVE EVENTS MUST BE OVERHAULED TO CREATE A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO ALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HIGH POINT NC IS HOME TO THE HIGH POINT HOME FURNISHINGS MARKET, THE LARGEST FURNISHINGS INDUSTRY TRADE SHOW IN THE WORLD. THE HIGH POINT MARKET IS HISTORICALLY HELD TWICE A YEAR WITH A SPRING AND FALL EVENT AND IS TRADITIONALLY OPEN TO THE HOME FURNISHINGS TRADE ONLY. HPXD INC SEEKS TO REINVENT HIGH POINT, NC AS A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO ALL. PRIMARY INITIATIVE OF THE GROUP IS THE REFRAMING OF HIGH POINT FROM A RESTRICTED TRADE TOWN WITH LIMITED OPENING HOURS TO A DYNAMIC YEAR- ROUND DESTINATION FOR ALL WITH PHASED OPENING OF SHOWROOMS. THE ORGANIZATION SEEKS TO REBRAND AND OPEN HIGH POINT AS A YEAR-ROUND HUB OF DESIGN AND CREATIVITY OPEN TO THE TRADE,DESIGN ENTHUSIASTS AND THE COMMUNITY. ACTIVITIES INCLUDE ESTABLISHING AND PROMOTING A PHASED CALENDAR OF EVENTS. THE ORGANIZATION WILL MANAGE EVENT LOGISTICS, MEDIA PROMOTION/COMMUNICATIONS AND ASSESSMENT WITH THE ULTIMATE GOAL OF ESTABLISHING REGULAR OPENING HOURS FOR FLAGSHIP SHOWROOMS. THE ORGANIZATION WILL WORK TO COMMUNICATE A CONSISTENT BRAND STORY ON A SOLID BRAND PLATFORM VIA WEBSITE, SOCIAL MEDIA, EVENT MESSAGING,MEDIA, PRINT COLLATERAL AND PR PLACEMENTS. ACTIVITIES WILL BE DEVOTED TO MEMBERSHIP GROWTH AND FUNDRAISING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • NTEE S40 • <$500k nonprofits