Pride Of Kinston Inc
- Assets
- $1.8m
- Revenue
- $334.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Kinston, NC
- Founding
- 03/1985
- Data as of
- 06/2022
- EIN
- 56-1434180
Organization Overview
Pride Of Kinston Inc is located in Kinston, NC. The organization was established in 1985. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Pride Of Kinston Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pride Of Kinston Inc 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, Pride Of Kinston Inc generated $334.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $362.9k during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE THE DOWNTOWN AREA OF KINSTON, NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PROFESSIONAL CONSULTATIONS FOR BUSINESS RENOVATIONS; MAINTAIN BUSINESS SELF-HELP LIBRARY; ARRANGE SEMINARS FOR DOWNTOWN BUSINESS & ENCOURAGE DOWNTOWN DEVELOPMENT.
ENCOURAGE PROPERTY OWNERS TO RENOVATE BUILDING FACADES FOR UNIFORM APPEARANCE.
PROVIDE ASSISTANCE IN PROMOTING THE DOWNTOWN AREA BY BEAUTIFYING THE AREA AND PARTICIPATING IN SEASONAL EVENTS.
PROVIDE PROFESSIONAL CONSULTATIONS FOR BUSINESS RENOVATIONS; MAINTAIN BUSINESS SELF-HELP LIBRARY; ARRANGE SEMINARS FOR DOWNTOWN BUSINESS & ENCOURAGE DOWNTOWN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Godfrey Chair | Officer | 1 | $0 |
Leon Steele Executive Di | Officer | 40 | $0 |
Lara Lang-Tribula Vice Chair | Officer | 1 | $0 |
Jennifer Wilson Treasurer | Officer | 1 | $0 |
Tonya Adams Director | Trustee | 0.5 | $0 |
Rhonda Barwick Ex Officio | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,467 |
| Total Program Service Revenue | $128,419 |
| Investment income | $3,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,851 |
| 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 | $21,957 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,733 |
| Fees for services: Other | $1,476 |
| Advertising and promotion | $45,361 |
| Office expenses | $12,281 |
| Information technology | $16,076 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,076 |
| Insurance | $10,626 |
| All other expenses | $41,047 |
| Total functional expenses | $362,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,338 |
| 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 | $1,028,931 |
| Investments—publicly traded securities | $128,869 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $407,240 |
| Total assets | $1,761,378 |
| 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 | $102,869 |
| Other liabilities | $0 |
| Total liabilities | $102,869 |
| Net assets without donor restrictions | $1,538,764 |
| Net assets with donor restrictions | $119,745 |
| 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 | $1,761,378 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pride Of Kinston Inc has recieved totaling $25,034.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Endowment Analysis
| Beg. Balance | $156,258 |
| Earnings | -$25,656 |
| Admin Expense | $1,733 |
| Ending Balance | $128,869 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Manufacturing Extension Partnership Greenville, SC | $4,506,207 | $8,798,009 |
Norfolk State University Research And Innovation Foundation Norfolk, VA | $25,278,732 | $5,808,933 |
Black Girl Ventures Foundation Fort Belvoir, VA | $2,941,094 | $3,288,394 |
Brightbridge Inc Chattanooga, TN | $120,622,501 | $3,473,186 |
National Institute Of Minority Economic Development Durham, NC | $8,985,701 | $1,722,745 |
Winston Starts Winstonsalem, NC | $2,039,563 | $1,547,404 |
Wilmington Business Development Wilmington, NC | $1,640,676 | $1,342,071 |
Carolinas-Virginia Minority Supplier Developoment Councils Inc Charlotte, NC | $1,397,364 | $1,303,584 |
Provident Business Financial Services Inc West Columbia, SC | $539,066 | $980,704 |
Nussbaum Center For Entrepreneurship Inc Greensboro, NC | $5,252,016 | $1,124,383 |
Startup Virginia Richmond, VA | $1,761,356 | $941,595 |
Piedmont Business Capital Greensboro, NC | $3,626,382 | $1,839,047 |