Civic Intelligence

The Mcghee Foundation

990 • Fiscal year 2016 • EIN 11-3642818

Oct 01, 2015 to Sep 30, 2016 • Filed on Dec 04, 2016

Organization Profilewww.mcgheefoundation.org
PO Box 1829Middleburg, 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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-78%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$80,348

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 65.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

40th percentile

-0.9%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-38%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$2,075,606

Down $18,659 (-0.9%) from 2015

Net Assets

Down

$2,073,402

Down $20,863 (-1.0%) from 2015

Liabilities

Up

$2,204

Up $2,204 from 2015

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin4th percentile

Revenue

Down

$123,613

Down $74,870 (-38%) from 2015

Expenses

Up

$219,923

Up $26,856 (+14%) from 2015

Net Income

Down

-$96,310

Down $101,726 (-1878%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2016

Assets$2,075,606
Liabilities$2,204
Net Assets$2,073,402
Open 2016 Filing

Operations Trend

Revenue Growth8th percentile

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

2016

Revenue$123,613
Expenses$219,923
Net Income-$96,310
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Dec 4, 2016
Return Version
2015v2.1
Gross Receipts
$123,613
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$2,094,265$2,073,402▼ $20,863
Savings and Temporary Cash Investments$2,002,138$2,054,905▲ $52,767
Cash and Non-Interest-Bearing Accounts$87,062$18,805▼ $68,257
Other Notes and Loans Receivable, Net$2,500--
Land, Buildings, and Equipment, Net$2,565$1,896▼ $669
Total Assets$2,094,265$2,075,606▼ $18,659
Liabilities
Accounts Payable and Accrued Expenses-$2,204-
Total Liabilities$0$2,204▲ $2,204
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,094,265$2,073,402▼ $20,863
Total Liabilities and Net Assets / Fund Balance$2,094,265$2,075,606▼ $18,659

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,896$4,883$6,779
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Connie MarrSecyTreasFT$80,348$80,348
Sandra L DanielsonDirectorFT$21,102$21,102

Board Members and Trustees

NameTitle
Richard W BergerPresident and Board Chair
Claude BradshawDirector
Cynthia McGlumphyDirector
Denis J CotterDirector
Don A HawkinsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$107,385
Other Revenue
$16,228
Change in Net Assets
$-96,310
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$109,224
Grants and Similar Amounts Paid$86,000
Other Expenses$24,699
Total Fundraising Expense$12,675
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$86,000--$86,000
Current Officers, Directors, Trustees, and Key Employees$16,070$52,226$12,052$80,348
Other Salaries and Wages$3,165$17,937-$21,102
Occupancy$16,399--$16,399
Payroll Taxes$1,538$5,613$623$7,774
Insurance$2,957--$2,957
Office Expenses-$1,884-$1,884
Fees for Services Accounting-$1,398-$1,398
Depreciation Depletion-$669-$669
Fees for Services Legal-$514-$514
Other Expenses-$310-$310
Fees for Services Other-$228-$228
Total Functional Expenses$126,129$81,119$12,675$219,923
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
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Conflict of interest policy compliance Part VI line 12C

“Organization has a conflict of interest policy which precludes members of the board and/or key employees from self-dealing. This conflict of interest policy is available to the public upon request.”

Governing documents etc available to public Part VI line 19

“The organizations governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The McGhee Foundation
EIN
11-3642818
Address
PO Box 1829, Middleburg, VA 20118

Signing Officer

Name
Richard W Berger
Title
President
Phone
5406873743
Signed
2016-12-04
Discuss with paid preparer
No

Organization Details

Principal Officer
Richard W Berger
Formed
2002
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
5
Employees
2

Preparer

Firm
Noble & Noble Fin Assoc Inc
Address
830-B John Marshall Highway, Front Royal, VA 22630
Preparer
Michael B Noble CPA
Phone
5406363838
Supplemental Narrative

Additional Explanations

General explanation attachment

“The Organization did sell at auction some 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 sales was $13,344.”

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 Foundations balance sheet. Subsequently, a large donation of art and artifacts was donated to the University of Oklahoma in Norman, Oklahoma and there are no further collections for use by the public.”

Collections descriptions (Part III, line 4)

“The organizations collections included many historical artifacts and documents that are available for use by the public in conjunction with the organizations 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 Appendix344 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Organization meets the facts and circumstances test as most of their income (while being generated by investments)is generated from investments that were contributed in the first place. THe Organization is slowly liquidating art and artifacts and will become a foundation in the near future.
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IRS990ScheduleA/TenPctFactsCrcmstncsTestPYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt013284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt021286
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt035570
IRS990ScheduleA/TotalSupportAmt0526113
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt01896
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04883
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 Foundations balance sheet. Subsequently, a large donation of art and artifacts was donated to the University of Oklahoma in Norman, Oklahoma and there are no further collections for use by the public.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The organizations collections included many historical artifacts and documents that are available for use by the public in conjunction with the organizations 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/TotalBookValueLandBuildingsAmt01896
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Draft Form 990 is presented to the board for review and approval prior to submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization has a conflict of interest policy which precludes members of the board and/or key employees from self-dealing. This conflict of interest policy is available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organizations governing documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization did sell at auction some 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 sales was $13,344.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3General explanation attachment
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02094265
IRS990/TotalAssetsEOYAmt02075606
IRS990/TotalAssetsGrp/BOYAmt02094265
IRS990/TotalAssetsGrp/EOYAmt02075606
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012675
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081119
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0126129
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219923
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02204
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02204
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02094265
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02073402
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0126129
IRS990/TotalReportableCompFromOrgAmt0101450
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0123613
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0123613
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02094265
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02075606
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.mcgheefoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard W Berger
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05406873743
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The McGhee Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MCGH
ReturnHeader/Filer/EIN0113642818
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1829
ReturnHeader/Filer/USAddress/CityNm0Middleburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020118
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0542034109
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Noble & Noble Fin Assoc Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0830-B John Marshall Highway
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Front Royal
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022630
ReturnHeader/PreparerPersonGrp/PhoneNum05406363838
ReturnHeader/PreparerPersonGrp/PreparationDt02016-12-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael B Noble CPA
ReturnHeader/ReturnTs02016-12-13T07:57:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,075,606
Liabilities
$2,204
Net assets
$2,073,402
Revenue
$123,613
Expenses
$219,923
Net income
-$96,310
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