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

Trebic INC FY2024 filing

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Advocates for community problem-solving and protecting private property rights. For fiscal year 2024 it reported $464K in revenue, $477K in expenses, and $142K 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 (2020–2024)
Revenue
$464KFY2024
Expenses
$477K
Net assets
$142K
People
16
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 FY2024 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
Jonathan Hardister · Director/President · $92K
Money in and out
$464K revenue, $477K expenses
Bottom line
-3% operating surplus
Membership & operating revenue · FY2024
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$477K
Pt IX · Ln 25
Net assets
$142K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Operating surplus
-3%
revenue over expenses
Earned revenue
10%
of revenue from program services & dues
Payroll share
41%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$464K
FY2024▼ -2%
Expenses
$477K
FY2024▲ +6%
Total assets
$280K
FY2024▼ -2%
Total liabilities
$138K
FY2024▲ +6%
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$477K
Pt IX · Ln 25
Net assets
$142K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$280K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

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 1a13
Independent voting membersPt VI · Ln 1b13
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
Director/President
$91,705Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $451K of program spending, described in the organization's own filed words · FY2024.
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.

$451Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$416K · 90%
Program service revenue$47K · 10%
Contributions & grants90%$416K
Program service revenue10%$47K
Investment income$107
Other revenue$583
Total revenueLn 12$464K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$451K
Management & general5%$26K
Total functional expensesLn 25$477K

Balance Sheet

Part X · end of year
CashLn 1$266K
Total assetsLn 16$280K
Total liabilitiesLn 26$138K
Total net assetsLn 32$142K
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $266K · Operating expenses/yr $477K
6.7 months
Where the money goes
Program services
Program services $451K · Total expenses $477K
95%
Management & General
Management & general $26K · Total expenses $477K
5%
Fundraising
Fundraising $0 · Total expenses $477K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $366K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $416K · Total revenue $464K
90%
Government reliance
Government grants — · Total revenue $464K
Earned-income share
Program service revenue $47K · Total revenue $464K
10%
Investment reliance
Investment income $107 · Total revenue $464K
+0.02%
Program self-sufficiency
Program service revenue $47K · Total expenses $477K
10%
Growth & trend
Revenue growth (YoY)
This year $464K · Prior year $474K
-2%
Revenue CAGR
FY2020 $374K · FY2024 $464K
+6%
Net-asset trend (YoY)
End of year $142K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $464K · Expenses $477K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $280K
Net-asset ratio
Net assets $142K · Total assets $280K
51%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $280K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jonathan Hardister · Reported title DIRECTOR/PRESIDENT · Highest reported compensation $92K · Total expenses $477K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $195K · Total expenses $477K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth -2%
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 · viewing · ⤓ 990 PDF
FY2023$474K revenue · ⤓ 990 PDF
FY2022$419K revenue · ⤓ 990 PDF
FY2021$363K revenue · ⤓ 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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