Civic Intelligence

The Mcghee Foundation

990 • Fiscal year 2014 • EIN 11-3642818

Oct 01, 2013 to Sep 30, 2014 • Filed on Nov 17, 2014

Organization Profilewww.mcgheefoundation.org
PO Box 1829Bluemont, VA 20118

(540) 687-3743

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

100th percentile

970%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$145,545

Higher top officer pay than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

4th percentile

-29%

Faster asset growth than 4% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$2,269,965

Down $905,453 (-29%) from 2013

Net Assets

Down

$2,267,423

Down $646,811 (-22%) from 2013

Liabilities

Down

$2,542

Down $258,642 (-99%) from 2013

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$67,343

Down $148,767 (-183%) from 2013

Expenses

Up

$585,931

Up $224,250 (+62%) from 2013

Net Income

Down

-$653,274

Down $373,017 (-133%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,267,989Liabilities 2010: $312,658Net Assets 2010: $2,955,3312010Assets 2011: $3,220,747Liabilities 2011: $314,727Net Assets 2011: $2,906,0202011Assets 2012: $3,452,527Liabilities 2012: $258,036Net Assets 2012: $3,194,4912012Assets 2013: $3,175,418Liabilities 2013: $261,184Net Assets 2013: $2,914,2342013Assets 2014: $2,269,965Liabilities 2014: $2,542Net Assets 2014: $2,267,4232014Assets 2015: $2,094,265Liabilities 2015: $0Net Assets 2015: $2,094,2652015Assets 2016: $2,075,606Liabilities 2016: $2,204Net Assets 2016: $2,073,4022016Assets 2017: $2,048,335Liabilities 2017: $2,448Net Assets 2017: $2,045,8872017Assets 2018: $2,012,274Liabilities 2018: $1,814Net Assets 2018: $2,010,4602018Assets 2019: $1,859,041Liabilities 2019: $1,808Net Assets 2019: $1,857,2332019Assets 2020: $1,721,446Liabilities 2020: $1,802Net Assets 2020: $1,719,6442020Assets 2021: $1,914,829Liabilities 2021: $1,798Net Assets 2021: $1,913,0312021Assets 2022: $1,504,686Liabilities 2022: $2,238Net Assets 2022: $1,502,4482022Assets 2023: $1,515,418Liabilities 2023: $1,758Net Assets 2023: $1,513,6602023Assets 2024: $1,635,006Liabilities 2024: $1,301Net Assets 2024: $1,633,7052024

Highlighted filing

2014

Assets$2,269,965
Liabilities$2,542
Net Assets$2,267,423
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $159,8572010Revenue 2011: $140,992Expenses 2011: $190,303Net Income 2011: -$49,3112011Revenue 2012: $720,805Expenses 2012: $432,334Net Income 2012: $288,4712012Revenue 2013: $81,424Expenses 2013: $361,681Net Income 2013: -$280,2572013Revenue 2014: -$67,343Expenses 2014: $585,931Net Income 2014: -$653,2742014Revenue 2015: $198,483Expenses 2015: $193,067Net Income 2015: $5,4162015Revenue 2016: $123,613Expenses 2016: $219,923Net Income 2016: -$96,3102016Revenue 2017: $109,038Expenses 2017: $252,208Net Income 2017: -$143,1702017Revenue 2018: $142,895Expenses 2018: $195,231Net Income 2018: -$52,3362018Revenue 2019: $135,387Expenses 2019: $209,721Net Income 2019: -$74,3342019Revenue 2020: $113,655Expenses 2020: $202,645Net Income 2020: -$88,9902020Revenue 2021: $73,054Expenses 2021: $196,706Net Income 2021: -$123,6522021Revenue 2022: $137,419Expenses 2022: $186,952Net Income 2022: -$49,5332022Revenue 2023: $49,742Expenses 2023: $168,098Net Income 2023: -$118,3562023Revenue 2024: $25,512Expenses 2024: $179,322Net Income 2024: -$153,8102024

Highlighted filing

2014

Revenue-$67,343
Expenses$585,931
Net Income-$653,274
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$3,137,540
Mission and Program Overview

Mission

The mission of The McGhee Foundation is to continue the educational and humanitarian legacy of US Ambassador George McGhee (1912-2005) by supporting projects and programs that provide inspirational learning opportunities and enrich the lives of residents in the VA Piedmont area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,914,234$2,267,423▼ $646,811
Savings and Temporary Cash Investments-$2,025,630-
Cash and Non-Interest-Bearing Accounts$2,959$239,601▲ $236,642
Land, Buildings, and Equipment, Net$3,170,959$3,234▼ $3,167,725
Other Notes and Loans Receivable, Net$1,500$1,500→ $0
Total Assets$3,175,418$2,269,965▼ $905,453
Liabilities
Unsecured Notes Loans Payable$250,000--
Accounts Payable and Accrued Expenses$11,184$2,542▼ $8,642
Total Liabilities$261,184$2,542▼ $258,642
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,914,234$2,267,423▼ $646,811
Total Liabilities and Net Assets / Fund Balance$3,175,418$2,269,965▼ $905,453

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,234$3,545$6,779
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Connie MarrSecyTreasFT$145,545$145,545
Richard W BergerPresident and Board ChairFT$135,450$135,450
Sandra L DanielsonDirectorFT$120,069$120,069

Board Members and Trustees

NameTitle
Claude BradshawDirector
Cynthia McGlumphyDirector
Denis J CotterDirector
Don A HawkinsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$0
Investment Income
$-111,714
Other Revenue
$43,371
All Other Contributions
$1,000
Change in Net Assets
$-653,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$482,944
Other Expenses$90,987
Total Fundraising Expense$74,576
Grants and Similar Amounts Paid$12,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$80,212$260,692$60,160$401,064
Other Salaries and Wages$7,314$38,083-$45,397
Payroll Taxes$7,152$24,415$4,916$36,483
Occupancy$18,752--$18,752
Fees for Services Accounting-$15,553-$15,553
Grants to Domestic Orgs$12,000--$12,000
Conferences and Meetings-$205$9,500$9,705
Office Expenses-$9,145-$9,145
All Other Expenses-$6,150-$6,150
Depreciation Depletion$5,617$424-$6,041
Fees for Services Other-$3,641-$3,641
Fees for Services Legal-$1,688-$1,688
Other Expenses$10,996$1,669-$1,669
Fees for Services Management-$1,275-$1,275
Interest-$918-$918
Insurance$871--$871
Travel-$239-$239
Total Functional Expenses$142,914$368,441$74,576$585,931
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
---Loudoun Revolutionary War Memorial$10,000
---Contribution for Start Up Costs$2,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Organizational document changes Part VI line 4

“In order to continue its work, the Foundation had to sell the plantation known as Farmers Delight. While this was just a conversion of the bulk of net assets from Real Property to Cash and Investments, it did necessitate a change in its Mission Statement, since they will no longer use funds for the preservation of the property. The new mission statement is reflected in Part III, Line 1.”

Form 990 governing body review Part VI line 11

“Draft Form 990 is presented to the board for review and approval prior to submission to the IRS.”

Governing documents etc available to public Part VI line 19

“The organization's governing documents are available to the public upon request.”

Filing and Contact Details

Filer

EIN
11-3642818

Signing Officer

Name
Richard Berger
Title
President
Phone
5406873743
Signed
2014-11-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Richard W Berger
Formed
2002
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
4
Employees
5

Preparer

Preparer
Michael B Noble CPA
Phone
5406363838
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

“In order to continue its work, the Foundation had to sell the plantation known as Farmers Delight. While this was just a conversion of the bulk of net assets from Real Property to Cash and Investments, it did necessitate a change in its Mission Statement, since they will no longer use funds for the preservation of the property. The new mission statement is reflected in Part III, Line 1.”

General explanation attachment

“The Organization did sell at auction many of the works of art to raise needed revenue for the continuation of its mission. These assets had not been carried on the balance sheet, but the gross receipts realized from the auction were in excess of $570,000, and expenses were approximately $37,000, with a net realized of approximately $533,000.”

Financial Statement Notes

Not reporting collections (Part III, line 1A)

“The organization has elected, as permitted under SFAS 116, not to report on its balance sheet works of art, historical treasures or other similar assets held for public exhibition, education or research in furtherance of public service. The McGhee Foundation had an extensive collection of art and artifacts. While there was an appraisal performed in 2005, these items have not been carried on the Foundation's balance sheet.”

Collections descriptions (Part III, line 4)

“The organization's collections included many historical artifacts and documents that are available for use by the public in conjunction with the organization's stated mission. This collection has largely been sold to provide the organization with the necessary funds to continue and broaden its new mission.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalRevenueAmt081424
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0The organization began operations in earnest after several years with minimal public support. The reasons for minimal support in earlier years is due to extensive rehabilition and remodeling that needed to be completed to the grounds and structures in order for the organization to carry out its exempt purpose. The organization began a continuous and bona fide program for the solicitation of funds from the general public and community. While improvements continued, the property became available to the general public. Nevertheless, in the current fiscal year, it was necessary to sell the property to provide the net assets to further its new mission.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc010% Facts and Circumstances Test (Part II, line 17a or 17b)
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01000
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt025567
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt095967
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt097322
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt056522
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IRS990ScheduleA/PublicSupportCY170Pct00.22240
IRS990ScheduleA/PublicSupportPY170Pct00.49590
IRS990ScheduleA/PublicSupportTotal170Amt095967
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt025567
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt095967
IRS990ScheduleA/TotalSupportAmt0431603
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt03234
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03545
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06779
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization has elected, as permitted under SFAS 116, not to report on its balance sheet works of art, historical treasures or other similar assets held for public exhibition, education or research in furtherance of public service. The McGhee Foundation had an extensive collection of art and artifacts. While there was an appraisal performed in 2005, these items have not been carried on the Foundation's balance sheet.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The organization's collections included many historical artifacts and documents that are available for use by the public in conjunction with the organization's stated mission. This collection has largely been sold to provide the organization with the necessary funds to continue and broaden its new mission.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Not reporting collections (Part III, line 1a)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Collections descriptions (Part III, line 4)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03234
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt12000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Loudoun Revolutionary War Memorial
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Contribution for Start Up Costs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10The Patriot Project
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11Middleburg Arts Proj-Artists in Mbu
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In order to continue its work, the Foundation had to sell the plantation known as Farmers Delight. While this was just a conversion of the bulk of net assets from Real Property to Cash and Investments, it did necessitate a change in its Mission Statement, since they will no longer use funds for the preservation of the property. The new mission statement is reflected in Part III, Line 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Draft Form 990 is presented to the board for review and approval prior to submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's governing documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3In order to continue its work, the Foundation had to sell the plantation known as Farmers Delight. While this was just a conversion of the bulk of net assets from Real Property to Cash and Investments, it did necessitate a change in its Mission Statement, since they will no longer use funds for the preservation of the property. The new mission statement is reflected in Part III, Line 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization did sell at auction many of the works of art to raise needed revenue for the continuation of its mission. These assets had not been carried on the balance sheet, but the gross receipts realized from the auction were in excess of $570,000, and expenses were approximately $37,000, with a net realized of approximately $533,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4General explanation attachment
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IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt05
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0142914
IRS990/TotalFunctionalExpensesGrp/TotalAmt0585931
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0261184
IRS990/TotalLiabilitiesEOYAmt02542
IRS990/TotalLiabilitiesGrp/BOYAmt0261184
IRS990/TotalLiabilitiesGrp/EOYAmt02542
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0142914
IRS990/TotalReportableCompFromOrgAmt0401064
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-68343
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IRS990/TravelGrp/ManagementAndGeneralAmt0239
IRS990/TravelGrp/TotalAmt0239
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0250000
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0www.mcgheefoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard Berger
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05406873743
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10The McGhee Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MCGH
ReturnHeader/Filer/EIN0113642818
ReturnHeader/Filer/USAddress/AddressLine10PO Box 1829
ReturnHeader/Filer/USAddress/City0Middleburg
ReturnHeader/Filer/USAddress/State0VA
ReturnHeader/Filer/USAddress/ZIPCode020118
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0542034109
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Noble & Noble Fin Assoc Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10830-B John Marshall Highway
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Front Royal
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode022630
ReturnHeader/PreparerPersonGrp/PhoneNum05406363838
ReturnHeader/PreparerPersonGrp/PreparationDt02014-12-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael B Noble CPA
ReturnHeader/ReturnTs02014-12-01T14:49:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-10-01
ReturnHeader/TaxPeriodEndDt02014-09-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,269,965
Liabilities
$2,542
Net assets
$2,267,423
Revenue
-$67,343
Expenses
$585,931
Net income
-$653,274
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.63$0.03$0.18$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.51$0.05$0.17$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.14$0.19$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.07$0.20$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.11$0.20$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.14$0.21$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$0.14$0.20$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$0.11$0.25$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.07$0.12$0.22$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$0.20$0.19$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$0.07$0.59$0.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.18$0.26$2.91$0.08$0.36$0.28
2012Summary only. Only limited summary data is available for this year.$3.45$0.26$3.19$0.72$0.43$0.29
2011Summary only. Only limited summary data is available for this year.$3.22$0.31$2.91$0.14$0.19$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.31$2.96$0.16