Civic Intelligence

Tamarack Foundation Inc

EIN 13-4219221 • 501(c)3 • Charleston, WV

Profile

To foster, enhance and extend the cultural heritage of west virginia by providing services and opportunities to west virginia artisans. The foundation's purposes is purely educational and charitable.

1116 Smith Street 410Charleston, WV 25301

www.tamarackwv.com/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.05x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

30th percentile

-21%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

-3.5%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$395,203

Down $104,443 (-21%) from 2023

Liabilities

Down

$21,587

Down $9,782 (-31%) from 2023

Net Assets

Down

$373,616

Down $94,661 (-20%) from 2023

Revenue

Down

$427,725

Down $15,410 (-3.5%) from 2023

Expenses

Down

$522,386

Down $47,462 (-8.3%) from 2023

Net Income

Up

-$94,661

Up $32,052 (+25%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $275,628Liabilities 2011: $9,155Net Assets 2011: $266,4732011Assets 2012: $408,270Liabilities 2012: $18,534Net Assets 2012: $389,7362012Assets 2013: $463,973Liabilities 2013: $48,655Net Assets 2013: $415,3182013Assets 2014: $417,045Liabilities 2014: $21,176Net Assets 2014: $395,8692014Assets 2015: $565,904Liabilities 2015: $150,176Net Assets 2015: $415,7282015Assets 2016: $626,120Liabilities 2016: $80,887Net Assets 2016: $545,2332016Assets 2017: $511,587Liabilities 2017: $15,758Net Assets 2017: $495,8292017Assets 2018: $540,765Liabilities 2018: $16,910Net Assets 2018: $523,8552018Assets 2019: $516,497Liabilities 2019: $25,810Net Assets 2019: $490,6872019Assets 2020: $441,167Liabilities 2020: $12,319Net Assets 2020: $428,8482020Assets 2021: $604,567Liabilities 2021: $6,612Net Assets 2021: $597,9552021Assets 2022: $617,013Liabilities 2022: $22,023Net Assets 2022: $594,9902022Assets 2023: $499,646Liabilities 2023: $31,369Net Assets 2023: $468,2772023Assets 2024: $395,203Liabilities 2024: $21,587Net Assets 2024: $373,6162024

Highlighted filing

2024

Assets$395,203
Liabilities$21,587
Net Assets$373,616

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $316,7052011Expenses 2012: $369,6992012Revenue 2013: $350,707Expenses 2013: $325,125Net Income 2013: $25,5822013Revenue 2014: $383,011Expenses 2014: $402,460Net Income 2014: -$19,4492014Revenue 2015: $354,617Expenses 2015: $334,758Net Income 2015: $19,8592015Revenue 2016: $437,938Expenses 2016: $308,433Net Income 2016: $129,5052016Revenue 2017: $222,485Expenses 2017: $271,889Net Income 2017: -$49,4042017Revenue 2018: $227,574Expenses 2018: $199,548Net Income 2018: $28,0262018Revenue 2019: $166,643Expenses 2019: $199,812Net Income 2019: -$33,1692019Revenue 2020: $147,020Expenses 2020: $208,859Net Income 2020: -$61,8392020Revenue 2021: $453,443Expenses 2021: $284,335Net Income 2021: $169,1082021Revenue 2022: $472,563Expenses 2022: $475,528Net Income 2022: -$2,9652022Revenue 2023: $443,135Expenses 2023: $569,848Net Income 2023: -$126,7132023Revenue 2024: $427,725Expenses 2024: $522,386Net Income 2024: -$94,6612024

Highlighted filing

2024

Revenue$427,725
Expenses$522,386
Net Income-$94,661

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$0.22$3.74$4.28$5.22$0.95
2023Summary only. Only limited summary data is available for this year.$5.00$0.31$4.68$4.43$5.70$1.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$0.22$5.95$4.73$4.76$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.05$0.07$5.98$4.53$2.84$1.69
2020Summary only. Only limited summary data is available for this year.$4.41$0.12$4.29$1.47$2.09$0.62
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.26$4.91$1.67$2.00$0.33
2018Summary only. Only limited summary data is available for this year.$5.41$0.17$5.24$2.28$2.00$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$0.16$4.96$2.22$2.72$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.81$5.45$4.38$3.08$1.30
2015Detailed filing. Detailed filing data is available for this year.$5.66$1.50$4.16$3.55$3.35$0.20
2014Detailed filing. Detailed filing data is available for this year.$4.17$0.21$3.96$3.83$4.02$0.19
2013Detailed filing. Detailed filing data is available for this year.$4.64$0.49$4.15$3.51$3.25$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$0.19$3.90$3.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.09$2.66$3.17
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 22, 2023
Return Version
2022v5.0
Gross Receipts
$472,563
Mission and Program Overview

Mission

To foster, enhance and extend the cultural heritage of west virginia by providing services and opportunities to west virginia artisans. The foundation's purposes is purely educational and charitable.

To foster, enhance, and extend the cultural heritage of west virginia by providing services and opportunities to west virignian artisans. The foundation's purposes are purely educational and charitable.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$413,650$430,302▲ $16,652
Savings and Temporary Cash Investments$189,633$185,460▼ $4,173
Prepaid Expenses and Deferred Charges$499$1,204▲ $705
Accounts Receivable$785$47▼ $738
Total Assets$604,567$617,013▲ $12,446
Liabilities
Accounts Payable and Accrued Expenses$6,612$22,023▲ $15,411
Total Liabilities$6,612$22,023▲ $15,411
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$353,363$355,410▲ $2,047
Net Assets With Donor Restrictions$244,592$239,580▼ $5,012
Total Net Assets Fund Balance$597,955$594,990▼ $2,965
Total Liabilities and Net Assets / Fund Balance$604,567$617,013▲ $12,446
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Renee MargoceeExecutive DirectorFT$73,813$73,813

Board Members and Trustees

NameTitle
Pam HarvitPresident
Susan FellerVice President
Adam HodgesBoard Member
Judy MooreBoard Member
Justin WhiteBoard Member
Marlo LongBoard Member
Robby MooreSecretary
Jim PajarilloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$466,592
Program Service Revenue
$5,913
Investment Income
$58
Other Revenue
$0
All Other Contributions
$466,592
Change in Net Assets
$-2,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$178,708
Other Expenses$176,820
Grants and Similar Amounts Paid$120,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$90,000--$90,000
Other Salaries and Wages$56,651$18,597-$75,248
Current Officers, Directors, Trustees, and Key Employees$44,288$29,525-$73,813
Grants to Domestic Orgs$30,000--$30,000
Payroll Taxes$20,933$8,714-$29,647
Travel$18,373$3,758-$22,131
Occupancy$6,978$4,652-$11,630
Advertising$6,619$2,881-$9,500
Fees for Services Accounting-$7,000-$7,000
Insurance$1,642$1,094-$2,736
Other Expenses$35$446-$481
Total Functional Expenses$398,861$76,667$0$475,528
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Big Creek People in Action-501(c)(3)To Plan and Host Monthly Music Events and the Yearly Music Festival.$7,500
Guitars in the Classroom-501(c)(3)To Recruit and Train Public School Teachers on How to Incorporate Music Into Everyday Education.$7,500
Love Hope Arts-501(c)(3)To Help Pay for Operating Support.$7,500
Step by Step Logan-501(c)(3)To Hire Artists to Plan and Lead Music and Arts Workshops During Youth After-school Programming.$7,500
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

The board of directors review a draft of form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Annually, all members of the board of directors as well as management of the organization are provided a conflict of interest and confirmation of compliance document which asks that they confirm they have no conflicts of interest with the organization. Further, as part of this process, they are provided with a conflict of interest disclosure statement and checklist to aid them in determination of potential conflict of interest. This is required to be completed and acknowledged by signature.

Form 990, Part VI, Section B, Line 15

The board of directors perform an annual review and approval of the executive director's compensation.

Form 990, Part VI, Section C, Line 19

Documents are available upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
Tamarack Foundation Inc
EIN
13-4219221
Phone
3049263770
Address
1116 SMITH STREET 410, CHARLESTON, WV 25301

Signing Officer

Name
Renee Margocee
Title
Executive Director
Phone
3049263770
Signed
2023-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Margocee
Formed
2000
Legal Domicile
Wv
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
0

Preparer

Firm
Rollins Cleavenger and Rollins
Address
PO BOX 169, CHARLESTON, WV 25321
Preparer
Edward Bailey
Phone
3043435503
Raw XML AppendixShowing 400 of 436 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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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PLAN AND HOST MONTHLY MUSIC EVENTS AND THE YEARLY MUSIC FESTIVAL.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO RECRUIT AND TRAIN PUBLIC SCHOOL TEACHERS ON HOW TO INCORPORATE MUSIC INTO EVERYDAY EDUCATION.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO HELP PAY FOR OPERATING SUPPORT.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO HIRE ARTISTS TO PLAN AND LEAD MUSIC AND ARTS WORKSHOPS DURING YOUTH AFTER-SCHOOL PROGRAMMING.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BIG CREEK PEOPLE IN ACTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GUITARS IN THE CLASSROOM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2LOVE HOPE ARTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3STEP BY STEP LOGAN
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IRS990ScheduleI/RecipientTable/RecipientEIN1711013691
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IRS990ScheduleI/RecipientTable/RecipientEIN3550746556
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS GRANT APPLICATIONS AND USES OF FUNDS. THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEES TO SUBMIT A GRANT AND EXPENDITURE REPORT AT THE END OF THE GRANT. THE GRANT REPORTS DESCRIBE THE USE OF THE FUNDS AND HOW THEIR ACTIVITIES SATISIFIED THE GRANT REQUIREMENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEW A DRAFT OF FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, ALL MEMBERS OF THE BOARD OF DIRECTORS AS WELL AS MANAGEMENT OF THE ORGANIZATION ARE PROVIDED A CONFLICT OF INTEREST AND CONFIRMATION OF COMPLIANCE DOCUMENT WHICH ASKS THAT THEY CONFIRM THEY HAVE NO CONFLICTS OF INTEREST WITH THE ORGANIZATION. FURTHER, AS PART OF THIS PROCESS, THEY ARE PROVIDED WITH A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND CHECKLIST TO AID THEM IN DETERMINATION OF POTENTIAL CONFLICT OF INTEREST. THIS IS REQUIRED TO BE COMPLETED AND ACKNOWLEDGED BY SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS PERFORM AN ANNUAL REVIEW AND APPROVAL OF THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/USAddress/AddressLine1Txt01116 SMITH STREET STE 410
IRS990/USAddress/CityNm0CHARLESTON
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