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Nonprofiteer
← ISOTHERMAL PLANNING AND DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by ISOTHERMAL PLANNING AND DEVELOPMENT CORPORATION.

Totals

Total revenue
$14,572,155
Total expenses
$13,619,536
Contributions and grants received
$0
Grants paid
$6,211,805
Program service revenue
$14,473,980
Investment income
$98,175
Other revenue
$0
Total assets, end of year
$5,602,984
Total liabilities, end of year
$2,825,778
Net assets or fund balances, end of year
$2,777,206
Program services expenses (Part IX)
$12,853,842
Management and general expenses
$765,694
Fundraising expenses
$0
Program service expenses (Part III)
$12,853,842

Program services were 94.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: GOVERNMENT PROGRAMS

    total $14,292,803 · related or exempt $14,292,803

  • 2b · Program service revenue: MEMBERSHIP INCOME

    total $181,177 · related or exempt $181,177

  • 3 · Investment income

    total $98,175 · excluded $98,175

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,211,805 · program services $6,211,805

  • 7 · Other salaries and wages

    total $1,597,060 · program services $1,343,791 · management and general $253,269

  • 9 · Other employee benefits

    total $706,145 · program services $574,425 · management and general $131,720

  • 11c · Fees: accounting

    total $30,250 · program services $9,000 · management and general $21,250

  • 11g · Fees: other

    total $4,178,121 · program services $4,133,851 · management and general $44,270

  • 12 · Advertising and promotion

    total $1,259 · program services $1,078 · management and general $181

  • 13 · Office expenses

    total $34,459 · program services $5,722 · management and general $28,737

  • 14 · Information technology

    total $58,175 · program services $35,557 · management and general $22,618

  • 16 · Occupancy

    total $88,363 · program services $56,822 · management and general $31,541

  • 17 · Travel

    total $57,385 · program services $51,505 · management and general $5,880

  • 19 · Conferences, conventions and meetings

    total $23,171 · program services $19,212 · management and general $3,959

  • 20 · Interest

    total $366 · program services $366

  • 22 · Depreciation, depletion and amortization

    total $28,072 · program services $19,003 · management and general $9,069

  • 23 · Insurance

    total $45,684 · management and general $45,684

  • 24a · Other expenses: LOCAL PROGRAMS

    total $239,540 · program services $239,540

  • 24b · Other expenses: INDIRECT COST - OTHER

    total $167,516 · management and general $167,516

  • 24c · Other expenses: WIOA PROGRAMS - OTHER

    total $91,849 · program services $91,849

  • 24d · Other expenses: AGING PROGRAMS - OTHER

    total $47,905 · program services $47,905

  • 24e · All other expenses

    total $12,411 · program services $12,411

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $515,396 · end of year $719,466

  • 2 · Savings and temporary cash investments

    beginning of year $1,561,876 · end of year $1,700,453

  • 4 · Accounts receivable

    beginning of year $726,800 · end of year $1,297,394

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,357 · end of year $22,928

  • 10a · Land, buildings and equipment: cost or other basis

    $566,416

  • 10b · Land, buildings and equipment: accumulated depreciation

    $363,481

  • 10c · Land, buildings and equipment, net

    beginning of year $150,533 · end of year $202,935

  • 12 · Investments: other securities

    beginning of year $656,183 · end of year $735,877

  • 15 · Other assets

    beginning of year $1,274,145 · end of year $923,931

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,049,739 · end of year $1,177,773

  • 19 · Deferred revenue

    beginning of year $564,078 · end of year $465,144

  • 21 · Escrow or custodial account liability

    beginning of year $19,601 · end of year $35,005

  • 23 · Secured mortgages and notes payable

    beginning of year $12,199

  • 25 · Other liabilities

    beginning of year $1,425,086 · end of year $1,147,856

  • 27 · Net assets without donor restrictions

    beginning of year $1,824,587 · end of year $2,777,206

Mission and programs · 2023

Mission

TO ASSIST LOCAL GOVERNMENTS WITHIN A FOUR-COUNTY REGION IN NORTH CAROLINA IN PLANNING FOR COMMON NEEDS, COOPERATING FOR MUTUAL BENEFIT, AND COORDINATING FOR SOUND REGIONAL DEVELOPMENT. ISOTHERMAL ADMINISTERS A WIDE VARIETY OF GOVERNMENT GRANTS.

Activities or mission (Part I)

ADMINISTER A WIDE VARIETY OF GOVERNMENT GRANTS.

  • 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.

    Expenses $6,791,581 · Grants $6,211,805 · Revenue $7,304,452

  • 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.

    Expenses $1,164,369 · Revenue $1,257,157

  • 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.

    Expenses $3,834,928 · Revenue $3,978,273

  • 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 1,062,964 INCLUDING GRANTS OF 0 AND REVENUES OF 989,440.

    Expenses $1,062,964 · Revenue $1,934,098

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • FRED BAISDEN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • MAX HOPPER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BRYAN KING

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DOUG BRIDGES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEAN BUFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW CARLTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIMMY DANCY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LARRY DOOLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFERY EMORY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE GARRISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANET GERALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOMMY GREEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID GUY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM HELTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICK HOWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE LUGO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER O'LEARY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAY PADGETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • D MARCHE PITTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL PRITCHETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACK SHYTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF SWINK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRENDA VAUGHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DORIS WEAVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT WEBBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RODNEY WILLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY WOOTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANNA STANSBURY

    EXECUTIVE DI

    Total calculated
    $128,116
    From this org
    $120,598
    From related orgs
    $0
    Other
    $7,518
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202520499349301012

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