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Nonprofiteer
← BLADENS BLOOMIN AGRI-INDUSTRIAL INC

Form 990 for tax year 2022

Filed by BLADENS BLOOMIN AGRI-INDUSTRIAL INC.

Totals

Total revenue
$1,481,904
Total expenses
$937,629
Contributions and grants received
$231,000
Grants paid
$0
Program service revenue
$1,144,930
Investment income
$20,538
Other revenue
$85,436
Total assets, end of year
$12,665,652
Total liabilities, end of year
$5,369,440
Net assets or fund balances, end of year
$7,296,212
Program services expenses (Part IX)
$784,747
Management and general expenses
$152,882
Fundraising expenses
$0
Program service expenses (Part III)
$784,747

Program services were 83.7% 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.

  • 1e · Government grants (contributions)

    $231,000

  • 2a · Program service revenue: RENTALS

    total $1,009,468 · related or exempt $1,009,468

  • 2b · Program service revenue: LEASE INTEREST

    total $135,462 · related or exempt $135,462

  • 3 · Investment income

    total $20,538 · related or exempt $20,538

  • 11a · Other revenue: OTHER

    total $80,436 · related or exempt $80,436

  • 11b · Other revenue: BOAT MOLDS

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $85,436

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $149,009 · management and general $149,009

  • 11b · Fees: legal

    total $11,898 · program services $11,898

  • 11c · Fees: accounting

    total $8,200 · program services $8,200

  • 11g · Fees: other

    total $87,590 · program services $87,590

  • 12 · Advertising and promotion

    total $2,200 · program services $2,200

  • 13 · Office expenses

    total $2,011 · management and general $2,011

  • 20 · Interest

    total $140,291 · program services $140,291

  • 22 · Depreciation, depletion and amortization

    total $301,629 · program services $299,767 · management and general $1,862

  • 23 · Insurance

    total $43,935 · program services $43,935

  • 24a · Other expenses: PROPERTY TAXES

    total $79,011 · program services $79,011

  • 24b · Other expenses: MAINTENANCE

    total $57,530 · program services $57,530

  • 24c · Other expenses: UTILITIES

    total $48,450 · program services $48,450

  • 24d · Other expenses: JANITORIAL

    total $5,640 · program services $5,640

  • 24e · All other expenses

    total $235 · program services $235

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,911,382 · end of year $1,936,269

  • 7 · Other notes and loans receivable

    beginning of year $296,510 · end of year $434,999

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

    $12,888,494

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

    $2,707,187

  • 10c · Land, buildings and equipment, net

    beginning of year $10,248,882 · end of year $10,181,307

  • 14 · Intangible assets

    beginning of year $70,763 · end of year $70,763

  • 15 · Other assets

    beginning of year $0 · end of year $42,314

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,970 · end of year $20,863

  • 23 · Secured mortgages and notes payable

    beginning of year $5,760,630 · end of year $5,339,877

  • 25 · Other liabilities

    beginning of year $0 · end of year $8,700

  • 27 · Net assets without donor restrictions

    beginning of year $5,649,158 · end of year $5,402,010

  • 28 · Net assets with donor restrictions

    beginning of year $1,102,779 · end of year $1,894,202

Mission and programs · 2022

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN BLADEN COUNTY WHILE ALSO REDUCING BURDEN ON THE GOVERNMENT

  • PROVIDE LOCAL INDUSTRY THE FINANCIAL OPPORTUNITIES TO EXPAND AND CREATE JOBS. INTEREST IS ON NOTES FOR EQUIPMENT AND BUILDING PURCHASES FOR LEASE TO INDUSTRY AS PART OF THE ORGANIZATION'S MISSION AND DEPRECIATION IS ON LEASED BUILDING.

    Expenses $784,747 · Revenue $1,250,904

As filed on the 2022 return.

Listed in Part VII

  • CHUCK HEUSTESS

    EXEC. DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • DM CAMPBELL

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • GREG TAYLOR

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • LEON MARTIN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • REYNOLD HESTER

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • ANN GARRETT

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • ROBERT HESTER

    ASSISTANT SECRETARY/TRESURER

    Total calculated
    $0
    Hours/week
    0

  • ALBERT BEATTY

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • MARK GILLESIE

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • RAY BRITT

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DAN ALLEN

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • BILLY RAY PAIT

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • HOWELL CLARK

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • GARRTIS PISTOL MCLEAN

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • TONI FISHER

    BD MEMBER

    Total calculated
    $0
    Hours/week
    0

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BLADEN COUNTY

    501(C)(3) · COUNTY GOVERNMENT · NC

    Directly controlled by NONE

Provenance

Return type
form_990
Tax year
2022
Filed
21 August 2023
IRS schema version
2022v5.0
Source object
202302849349301735

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