Form 990 for tax year 2024
Filed by BLADENS BLOOMIN AGRI-INDUSTRIAL INC.
Totals
- Total revenue
- $5,881,687
- Total expenses
- $1,257,024
- Contributions and grants received
- $4,449,513
- Grants paid
- $0
- Program service revenue
- $1,215,106
- Investment income
- $139,043
- Other revenue
- $78,025
- Total assets, end of year
- $23,356,401
- Total liabilities, end of year
- $5,735,376
- Net assets or fund balances, end of year
- $17,621,025
- Program services expenses (Part IX)
- $1,053,468
- Management and general expenses
- $203,556
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,053,468
Program services were 83.8% 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)
$4,442,063
-
1f · All other contributions, gifts and grants
$7,450
-
2a · Program service revenue: RENTALS
total $1,215,106 · related or exempt $1,215,106
-
3 · Investment income
total $139,043 · related or exempt $139,043
-
7a · Gross sales of assets other than inventory
other assets $210,000
-
7b · Less cost or other basis and sales expenses
other assets $210,000
-
7c · Gain or loss
other assets $0
-
7d · Net gain or loss
total $0
-
11a · Other revenue: OTHER
total $78,025 · related or exempt $78,025
-
11e · Other revenue, total
$78,025
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $194,352 · management and general $194,352
-
11b · Fees: legal
total $38,935 · program services $38,935
-
11c · Fees: accounting
total $15,265 · program services $15,265
-
13 · Office expenses
total $8,173 · management and general $8,173
-
20 · Interest
total $143,037 · program services $143,037
-
22 · Depreciation, depletion and amortization
total $436,546 · program services $435,515 · management and general $1,031
-
23 · Insurance
total $43,038 · program services $43,038
-
24a · Other expenses: PROPERTY TAXES
total $132,979 · program services $132,979
-
24b · Other expenses: MAINTENANCE
total $118,285 · program services $118,285
-
24c · Other expenses: UTILITIES
total $87,022 · program services $87,022
-
24d · Other expenses: BAD DEBT
total $30,119 · program services $30,119
-
24e · All other expenses
total $9,273 · program services $9,273
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,010,513 · end of year $3,074,283
-
4 · Accounts receivable
beginning of year $132,750
-
7 · Other notes and loans receivable
beginning of year $926,000 · end of year $1,301,142
-
10a · Land, buildings and equipment: cost or other basis
$22,359,478
-
10b · Land, buildings and equipment: accumulated depreciation
$3,449,265
-
10c · Land, buildings and equipment, net
beginning of year $13,718,915 · end of year $18,910,213
-
14 · Intangible assets
beginning of year $70,763 · end of year $70,763
-
17 · Accounts payable and accrued expenses
beginning of year $244,383 · end of year $581,845
-
23 · Secured mortgages and notes payable
beginning of year $5,608,472 · end of year $5,152,506
-
25 · Other liabilities
beginning of year $9,724 · end of year $1,025
-
27 · Net assets without donor restrictions
beginning of year $9,160,760 · end of year $13,858,931
-
28 · Net assets with donor restrictions
beginning of year $3,835,602 · end of year $3,762,094
Mission and programs · 2024
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 $1,053,468 · Revenue $1,432,174
As filed on the 2024 return.
Listed in Part VII
-
Chuck HeustessCHUCK HEUSTESS
EXEC. DIRECTOR
- Total calculated
- $75,658
- From this org
- $75,658
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Greg TaylorGREG TAYLOR
BD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Leon MartinLEON MARTIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Reynold HesterREYNOLD HESTER
BD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ann GarrettANN GARRETT
BD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Robert HesterROBERT HESTER
ASSISTANT SECRETARY/TRESUR
- Total calculated
- $0
- Hours/week
- 0
-
Albert BeattyALBERT BEATTY
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Mark GillesieMARK GILLESIE
BD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ray BrittRAY BRITT
BD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Dan AllenDAN ALLEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Garrtis Pistol McLeanGARRTIS PISTOL MCLEAN
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
- 2024
- Filed
- 8 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532799349300628
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