Trebic INC EIN 56-2121548 Form 990 (PDF) Claim this org

Trebic INC FY2021 filing

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Advocates for community problem-solving and protecting private property rights. For fiscal year 2021 it reported $363K in revenue, $395K in expenses, and $177K in net assets.Pt I

Founded
1999
Type
Business league / trade association · Community Development
Location
Greensboro, NC
Website
www.trebic.org
Filings
6 on file (2020–2021)
Revenue
$363KFY2021
Expenses
$395K
Net assets
$177K
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  56-2121548 Business league / trade association Greensboro, NC Founded 1999
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Advocates for community problem-solving and protecting private property rights.
Leadership
Marlene Sanford · President (part-Year) · $95K
Money in and out
$363K revenue, $395K expenses
Bottom line
-9% operating surplus
Membership & operating revenue · FY2021
Total revenue
$363K
Pt VIII · Ln 12
Total expenses
$395K
Pt IX · Ln 25
Net assets
$177K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Operating surplus
-9%
revenue over expenses
Earned revenue
21%
of revenue from program services & dues
Payroll share
52%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$363K
FY2021▼ -3%
Expenses
$395K
FY2021▲ +12%
Total assets
$266K
FY2021▲ +26%
Total liabilities
$89K
FY2021▲ ×56
Total revenue
$363K
Pt VIII · Ln 12
Total expenses
$395K
Pt IX · Ln 25
Net assets
$177K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$266K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $368K of program spending, described in the organization's own filed words · FY2021.
01

General meetings and dinners which involve an average of 20 members in attendance to meet and discuss areas of concern in the real estate sales, building, development, finance, management and leasing in the guilford county area.

$368Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrebic INC
EINHdr · item D56-2121548
Principal addressHdr · item CGreensboro, NC
WebsiteHdr · item Jwww.trebic.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFNov 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President (part-Year)
$94,605Pt VII · Sec A
Director/President (part-Year)
$27,877Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jonathan Hardister’s $150K as Director/President is at the 91st percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jonathan Hardister$150,000$91,705
Jon Lowder$100,000$150,000$27,877
Marlene Sanford$94,605$109,436

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$288K · 79%
Program service revenue$74K · 21%
Contributions & grants79%$288K
Program service revenue21%$74K
Investment income$268
Other revenue$84
Total revenueLn 12$363K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$368K
Management & general7%$27K
Total functional expensesLn 25$395K

Balance Sheet

Part X · end of year
CashLn 1$250K
Total assetsLn 16$266K
Total liabilitiesLn 26$89K
Total net assetsLn 32$177K
Months of cash on handcomputed7.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $250K · Operating expenses/yr $395K
7.6 months
Where the money goes
Program services
Program services $368K · Total expenses $395K
93%
Management & General
Management & general $27K · Total expenses $395K
7%
Fundraising
Fundraising $0 · Total expenses $395K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $296K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $288K · Total revenue $363K
79%
Government reliance
Government grants — · Total revenue $363K
Earned-income share
Program service revenue $74K · Total revenue $363K
21%
Investment reliance
Investment income $268 · Total revenue $363K
+0.07%
Program self-sufficiency
Program service revenue $74K · Total expenses $395K
19%
Growth & trend
Revenue growth (YoY)
This year $363K · Prior year $374K
-3%
Net-asset trend (YoY)
End of year $177K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $363K · Expenses $395K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $266K
Net-asset ratio
Net assets $177K · Total assets $266K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $266K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marlene Sanford · Reported title PRESIDENT (PART-YEAR) · Highest reported compensation $95K · Total expenses $395K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $206K · Total expenses $395K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -3%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$555K revenue · ⤓ 990 PDF
FY2024$464K revenue · ⤓ 990 PDF
FY2023$474K revenue · ⤓ 990 PDF
FY2022$419K revenue · ⤓ 990 PDF
FY2021$363K revenue · viewing · ⤓ 990 PDF
FY2020$374K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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