Pitt County Committee Of 100 Inc
- Assets
- $5.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 06/1996
- Data as of
- 06/2021
- EIN
- 56-1912849
Organization Overview
Pitt County Committee Of 100 Inc is located in Greenville, NC. The organization was established in 1996. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Pitt County Committee Of 100 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 06/2021, Pitt County Committee Of 100 Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 50.0% per year over the past 6 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.
Since 2015, Pitt County Committee Of 100 Inc has awarded 12 individual grants totaling $225,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE PUBLIC OF PITT COUNTY, NC BY DIVERSIFYING PITT COUNTY'S ECONOMY THROUGH THE ATTRACTION OF NEW INDUSTRIES, EXPANSION OF EXISTING BUSINESSES, AND SUPPORT FOR START-UP ENTERPRISES THAT WILL BRING JOBS AND INVESTMENT TO OUR COMMUNITY; WILL ASSIST LOCAL GOVERNMENTAL AGENCIES IN FOSTERING ECONOMIC DEVELOPMENT TO PROMOTE OPPORTUNITY, COMBAT UNEMPLOYMENT, COMMUNITY DETERIORATION, AND JUVENILE DELINQUENCY; WILL WORK WITH LOCAL GOVERNMENT AND OTHER ORGANIZATIONS IN THE REGION TO ESTABLISH AND MAINTAIN A STRONG BUSINESS CLIMATE; PROVIDE MONETARY SUPPORT FROM THE PRIVATE/BUSINESS SECTOR TO ASSIST WITH BUSINESS AND INDUSTRY RECRUITMENT AND RETENTION; ENCOURAGE AND PROMOTE THE LOCATION AND OPERATION OF DIVERSIFIED BUSINESSES, INDUSTRIES, AND MANUFACTURING IN PITT COUNTY; ACT INDEPENDENTLY OR IN CONJUCTION WITH OTHER ORGANZATIONS IN THE PROMOTION AND DEVELOPMENT OF THE ECONOMIC AND GENERAL WELFARE AND BETTERMENT OF THE GENERAL PUBLIC; AND TO PROVIDE RELIEF TO THE POOR, UNEMPLOYED, AND UN
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGE IN ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING PROMOTING THE LOCATION AND OPERATION OF DIVERSIFIED BUSINESSES IN PITT COUNTY.
MAINTAINING LAND LOCATED IN INDIGREEN CORPORATE PARK THAT WAS PURCHASED TO BE SOLD AT A REDUCED PRICE OR OTHERWISE TRANSFERRED OR UTILIZED AS AN INCENTIVE TO ATTRACT POTENTIAL BUSINESSES TO THE INDUSTRIAL PARK OF PITT COUNTY, NC.
GRANTS TO MUNICIPALITIES AND OTHER ORGANIZATIONS IN PITT COUNTY, NC FOR ECONOMIC DEVELOPMENT INITIATIVES.
ENGAGE IN ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING PROMOTING THE LOCATION AND OPERATION OF DIVERSIFIED BUSINESSES IN PITT COUNTY.
MAINTAINING LAND LOCATED IN INDIGREEN CORPORATE PARK THAT WAS PURCHASED TO BE SOLD AT A REDUCED PRICE OR OTHERWISE TRANSFERRED OR UTILIZED AS AN INCENTIVE TO ATTRACT POTENTIAL BUSINESSES TO THE INDUSTRIAL PARK OF PITT COUNTY, NC.
GRANTS TO MUNICIPALITIES AND OTHER ORGANIZATIONS IN PITT COUNTY, NC FOR ECONOMIC DEVELOPMENT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Weathers President & CEO | OfficerTrustee | 40 | $163,703 |
Raymond Ulmer Treasurer | OfficerTrustee | 3 | $0 |
Michael Overton Chairman | OfficerTrustee | 3 | $0 |
J Drake Brinkley Secretary | OfficerTrustee | 3 | $0 |
Tom Kulikowski Vice Chairman | OfficerTrustee | 3 | $0 |
Don Mills Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,051,298 |
| 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 | $1,051,298 |
| Total Program Service Revenue | $480,691 |
| Investment income | $4,161 |
| 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 | $1,536,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,474 |
| 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. | $230,810 |
| Compensation of current officers, directors, key employees. | $115,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,514 |
| Payroll taxes | $39,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,486 |
| Fees for services: Accounting | $14,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,735 |
| Advertising and promotion | $154,260 |
| Office expenses | $26,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,559 |
| Travel | $7,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,108 |
| Insurance | $8,620 |
| All other expenses | $10,617 |
| Total functional expenses | $1,174,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,737 |
| Savings and temporary cash investments | $2,474,133 |
| Pledges and grants receivable | $1,835,067 |
| Accounts receivable, net | $4,999 |
| 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 | $6,099 |
| Net Land, buildings, and equipment | $10,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $498,849 |
| Total assets | $5,005,842 |
| Accounts payable and accrued expenses | $21,824 |
| 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 | $88,322 |
| Total liabilities | $110,146 |
| Net assets without donor restrictions | $4,895,696 |
| 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 | $5,005,842 |
Grants Awarded
Over the last fiscal year, Pitt County Committee Of 100 Inc has awarded $70,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HC COMPOSITES LLC PURPOSE: Workforce and Facilities | $25,000 |
HC COMPOSITES LLC PURPOSE: Workforce and Facilities | $25,000 |
THE VILLAGE OF SIMPSON NC PURPOSE: Road Improvements | $10,000 |
THE VILLAGE OF SIMPSON NC PURPOSE: Road Improvements | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pitt County Committee Of 100 Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Southern Bank Foundation Mount Olive, NC PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Catawba Regional Council Of Governments Rock Hill, SC | $18,118,741 | $10,188,786 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
Common Ground Alliance Alexandria, VA | $4,149,136 | $2,873,132 |
Metanoia North Charleston, SC | $10,676,090 | $4,102,984 |
Forward Cities Inc Durham, NC | $1,196,373 | $2,460,187 |
Industrial Commons Morganton, NC | $6,060,975 | $4,558,553 |
Partners In Ministry Laurinburg, NC | $1,633,972 | $2,541,350 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
Binghampton Development Corporation Memphis, TN | $12,365,463 | $1,404,895 |