Isothermal Planning And Development Corporation
- Assets
- $2.7m
- Revenue
- $12.2m
- Investments
- $622.9k
- Employees
- 81
- Location
- Rutherfordton, NC
- Founding
- 02/1975
- Data as of
- 06/2021
- EIN
- 56-1074128
Organization Overview
Isothermal Planning And Development Corporation is located in Rutherfordton, NC. The organization was established in 1975. As of 06/2021, Isothermal Planning And Development Corporation employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isothermal Planning And 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 06/2021, Isothermal Planning And Development Corporation generated $12.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $12.6m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTER A WIDE VARIETY OF GOVERNMENT GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISOTHERMAL PLANNING AND DEVELOPMENT COMMISSION ADMINISTERS GOVERNMENTAL GRANTS TO A FOUR-COUNTY REGION FOR HOUSING PROGRAMS. THE EXPENSES SHOWN ARE INCURRED IN THE OPERATION OF THE PROGRAM.
ISOTHERMAL PLANNING AND DEVELOPMENT COMMISSION ADMINISTERS GOVERNMENTAL GRANTS TO A FOUR-COUNTY REGION FOR WORKFORCE DEVELOPMENT. THE EXPENSES SHOWN ARE INCURRED IN THE OPERATION OF THE PROGRAM.
ISOTHERMAL PLANNING AND DEVELOPMENT COMMISSION ADMINISTERS GOVERNMENTAL GRANTS TO A FOUR-COUNTY REGION FOR SERVICES TO THE AGING. THE EXPENSES SHOWN ARE INCURRED IN THE OPERATION OF THE PROGRAM.
ISOTHERMAL PLANNING AND DEVELOPMENT COMMISSION ADMINISTERS GOVERNMENTAL GRANTS TO A FOUR-COUNTY REGION FOR A VARIETY OF OTHER PROGRAMS. THE EXPENSES SHOWN ARE INCURRED IN THE OPERATION OF THE PROGRAMS. EXPENSES 552,958 INCLUDING GRANTS OF 0 AND REVENUES OF 491,926.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Dadson Executive Di | 40 | $104,998 | |
Steve Lockett Executive Di | Officer | 40 | $63,503 |
Fred Baisden Chairman | OfficerTrustee | 5 | $0 |
Max Hopper Vice Chair | OfficerTrustee | 1 | $0 |
Bryan King Director | Trustee | 1 | $0 |
Dean Buff Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vista Grand Multi Housing Llc Sec 8 Housing | 6/29/21 | $250,770 |
Joseph Dale Spangler C/o Champion Investments Sec 8 Housing | 6/29/21 | $234,966 |
Ipi Caitlin Station Lp Sec 8 Housing | 6/29/21 | $205,356 |
P&l Enterprises Sec 8 Housing | 6/29/21 | $165,069 |
Slaxmi Llc Dba Sl Assets Management Sec 8 Housing | 6/29/21 | $215,061 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,248,910 |
| Investment income | $115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,249,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,690,962 |
| 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 | $1,677,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $581,798 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,013,050 |
| Advertising and promotion | $4,863 |
| Office expenses | $0 |
| Information technology | $69,433 |
| Royalties | $0 |
| Occupancy | $86,425 |
| Travel | $3,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,792 |
| Insurance | $39,224 |
| All other expenses | $21,278 |
| Total functional expenses | $12,629,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,437 |
| Savings and temporary cash investments | $314,443 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,128,416 |
| 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 | $59,055 |
| Net Land, buildings, and equipment | $163,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $622,938 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,723,931 |
| Accounts payable and accrued expenses | $1,305,271 |
| Grants payable | $0 |
| Deferred revenue | $86,227 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $15,541 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,624 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,805 |
| Total liabilities | $1,506,468 |
| Net assets without donor restrictions | $1,217,463 |
| 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 | $2,723,931 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Isothermal Planning And Development Corporation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Rhi Legacy Foundation Inc Rutherfordton, NC PURPOSE: ACTIVE LIVING | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
American Society Of Civil Engineers Reston, VA | $80,247,990 | $62,671,354 |
Airport Research And Development Foundation Alexandria, VA | $5,984,070 | $48,854,965 |
Amikids Inc Tampa, FL | $67,750,979 | $50,036,943 |
American Geophysical Union Washington, DC | $197,960,779 | $46,621,349 |
American Society For Microbiology Washington, DC | $150,116,878 | $47,169,263 |
Defensewerx Inc Niceville, FL | $32,326,319 | $34,230,924 |
Us Civilian Research And Development Foundation Arlington, VA | $79,574,432 | $31,963,262 |
Hugo W Moser Research Institute At Kennedy Krieger Inc Baltimore, MD | $4,057,390 | $26,927,232 |
International Bioresources Group Manassas, VA | $12,118,539 | $31,000,000 |
National Council Of Examiners For Engineering And Surveying Greenville, SC | $86,200,473 | $32,965,929 |
Society For Science And The Public Washington, DC | $102,112,945 | $28,541,247 |