Catawba County Property Development Corporation
- Assets
- $1.1m
- Revenue
- $4.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hickory, NC
- Founding
- 01/2015
- Data as of
- 06/2022
- EIN
- 46-0772243
Organization Overview
Catawba County Property Development Corporation is located in Hickory, NC. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catawba County Property Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Catawba County Property Development Corporation generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.8%) each year. All expenses for the organization totaled $3.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (26.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE CORPORATION ARE: ENGAGE IN CHARITABLE AND EDUCATIONAL EFFORTS AND SPECIFICALLY TO SUPPORT ECONOMIC DEVELOPMENT AND PROPERTY/COMMUNITY DEVELOPMENT IN CATAWBA COUNTY, NORTH CAROLINA (THE COUNTY), THEREBY LESSENING THE BURDENS OF LOCAL GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSES OF THE CORPORATION ARE: ENGAGE IN CHARITABLE AND EDUCATIONAL EFFORTS AND SPECIFFICALLY TO SUPPORT ECONOMIC DEVELOPMENT AND PROPERTY/COMMUNITY DEVELOPMENT IN CATAWBA COUNTY, NORTH CAROLINA (THE COUNTY), THEREBY LESSENING THE BURDENS OF LOCAL GOVERNMENT. PURCHASE AND LEASE TO LENOIR RHYNE UNIV FOR NEW HEALTH SCIENCES PROGRAM FACILITY
TO ESTABLISH A NEW INDUSTRIAL PARK THROUGH TRANSFERRING OPTIONS FOR THE LAND TO DEVELOP THE PARK BY TRIVIUM CORPORATE CENTER A NON PROFIT ORGANIZATION UNDER THE AUSPICES OF THE CITY OF HICKORY AND CATAWBA COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Beaman Board Chair | OfficerTrustee | 0 | $0 |
Tim Bolick Asst Sectreasurer | OfficerTrustee | 0 | $0 |
Scott Millar President | OfficerTrustee | 1 | $0 |
Hunt Shuford Secretary | Trustee | 0 | $0 |
Mick Berry Board Officer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,600 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,883 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,138,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,141,498 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,141,498 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,141,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
Columbia Metropolitan Convention And Visitors Bureau Columbia, SC | $6,376,262 | $4,843,981 |
Srs Community Reuse Organization Aiken, SC | $6,557,053 | $4,875,445 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Alexandria Convention And Visitors Association Inc Alexandria, VA | $744,565 | $3,884,098 |
Vibrant Memphis Inc Memphis, TN | $19,880,886 | $2,783,167 |
Hampton Roads Economic Development Alliance Norfolk, VA | $4,122,075 | $4,031,039 |