Davidson County Public Facilities Corporation
- Assets
- $78.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, NC
- Founding
- 01/2000
- Data as of
- 06/2021
- EIN
- 56-2095191
Organization Overview
Davidson County Public Facilities Corporation is located in Lexington, NC. The organization was established in 2000. According to its NTEE Classification (I11) the organization is classified as: Single Organization Support, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davidson County Public Facilities 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, Davidson County Public Facilities Corporation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION OPERATES SOLELY FOR THE PURPOSE OF ASSISTING THE COUNTY OF DAVIDSON,NORTH CAROLINA IN CARRYING OUT ITS GOVERNMENRTAL FUNCTIONS THROUGH CONSTRUCTION OF PUBLIC IMPROVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Smith President | Officer | 0 | $0 |
Jason Martin Vice President | Officer | 0 | $0 |
Jane Kiker Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $2,606,950 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| 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 | $0 |
| 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 | $2,606,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,606,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $78,245,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,245,000 |
| 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 | $78,245,000 |
| Total liabilities | $78,245,000 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Police Foundation Inc Atlanta, GA | $31,615,218 | $2,332,074 |
Davidson County Public Facilities Corporation Lexington, NC | $78,245,000 | $2,606,950 |
Virginia Beach Rescue Squad Foundation Inc Virginia Beach, VA | $15,171,463 | $895,493 |
Pcsc Foundation Columbia, SC | $33,542,546 | $1,978,105 |
Mecklenburg Bar Foundation Charlotte, NC | $4,206,674 | $398,083 |
Harbors Edge Foundation Inc Norfolk, VA | $2,595,150 | $159,368 |
Lexington County Sheriffs Foundation Lexington, SC | $290,596 | $0 |
Alexandria Police Foundation Alexandria, VA | $122,410 | $0 |
North Carolina State Bar Foundation Inc Raleigh, NC | $1,327,777 | $2,662 |
One Hundred Club Of Memphis Memphis, TN | $357,421 | $0 |
Friends Of Sullivan County Sheriffs Office Kingsport, TN | $0 | $0 |
Sheriffs Foundation Of York County Inc York, SC | $210,731 | $0 |
Sheldons K9s Inc China Grove, NC | $100,322 | $0 |
Friends Of The Virginia Beach Mounted Police Virginia Beach, VA | $87,807 | $0 |
Dekalb County Dui Court Foundation Inc Decatur, GA | $4,640 | $0 |