Civic Intelligence

The Gathering Foundation Inc

990EZ • Fiscal year 2012 • EIN 20-8068767

Jan 01, 2012 to Dec 31, 2012 • Filed on Jul 26, 2013

3951 Merlin Drive34741
Siviq Scores

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

Liabilities / Assets

80th percentile

0.18x

Higher debt load relative to assets than 80% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

97th percentile

2.03x

Higher debt load relative to revenue than 97% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Net Margin

2nd percentile

-466%

Higher net margin than 2% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

12th percentile

-38%

Faster asset growth than 12% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

3rd percentile

-84%

Faster revenue growth than 3% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Assets

Down

$149,894

Down $93,235 (-38%) from 2011

Net Assets

Down

$123,026

Down $61,835 (-33%) from 2011

Liabilities

Down

$26,868

Down $31,400 (-54%) from 2011

Revenue

Down

$13,265

Down $68,045 (-84%) from 2011

Expenses

Up

$75,100

Up $7,220 (+11%) from 2011

Net Income

Down

-$61,835

Down $75,265 (-560%) from 2011

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2010: $207,927Liabilities 2010: $36,496Net Assets 2010: $171,4312010Assets 2011: $243,129Liabilities 2011: $58,268Net Assets 2011: $184,8612011Assets 2012: $149,894Liabilities 2012: $26,868Net Assets 2012: $123,0262012Assets 2013: $140,905Liabilities 2013: $29,198Net Assets 2013: $111,7072013Assets 2014: $123,195Liabilities 2014: $28,644Net Assets 2014: $94,5512014Assets 2015: $102,179Liabilities 2015: $26,943Net Assets 2015: $75,2362015Assets 2016: $187,846Liabilities 2016: $7,254Net Assets 2016: $180,5922016Assets 2017: $293,795Liabilities 2017: $7,071Net Assets 2017: $286,7242017Assets 2018: $278,542Liabilities 2018: $2,457Net Assets 2018: $276,0852018Assets 2019: $84,244Liabilities 2019: $2,418Net Assets 2019: $81,8262019Assets 2020: $0Liabilities 2020: $203Net Assets 2020: -$2032020

Highlighted filing

2012

Assets$149,894
Liabilities$26,868
Net Assets$123,026

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2010: $102,694Expenses 2010: $32,599Net Income 2010: $70,0952010Revenue 2011: $81,310Expenses 2011: $67,880Net Income 2011: $13,4302011Revenue 2012: $13,265Expenses 2012: $75,100Net Income 2012: -$61,8352012Revenue 2013: $29,898Expenses 2013: $41,217Net Income 2013: -$11,3192013Revenue 2014: $16,803Expenses 2014: $33,959Net Income 2014: -$17,1562014Revenue 2015: -$539Expenses 2015: $18,776Net Income 2015: -$19,3152015Revenue 2016: $148,956Expenses 2016: $43,599Net Income 2016: $105,3572016Revenue 2017: $152,607Expenses 2017: $46,476Net Income 2017: $106,1312017Revenue 2018: $21,060Expenses 2018: $31,699Net Income 2018: -$10,6392018Revenue 2019: $2,123Expenses 2019: $196,381Net Income 2019: -$194,2582019Revenue 2020: -$67,810Expenses 2020: $14,219Net Income 2020: -$82,0292020

Highlighted filing

2012

Revenue$13,265
Expenses$75,100
Net Income-$61,835
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jul 26, 2013
Return Version
2012v2.1
Mission and Program Overview

Mission

The gathering foundation, inc. Is organized and shall operate exclusively for the preservation of the remaining vintage fighter aircraft flying in the world today. The organization will act as a clearinghouse for the dissemination of information on the care, maintenance, improvement and restoration of these fighter airframes and will provide insights into specific pilot skills required to fly these aircraft safely. The foundation acknowledges that current and future owners and pilots will be flying these fighters for many years to come and should be given the opportunity to have access to the wealth of information obtained both formally and informally by others. The goal of the organization is to provide a forum where historical and educational information from various sources can be made available to owners, pilots and the general public.

Filing and Contact Details

Filer

EIN
20-8068767
Raw XML Appendix190 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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CompensationExplanation/Compensation/PersonName4MICHAEL DECUIR
CompensationExplanation/Compensation/PersonName5JULIE CLEVENGER
CompensationExplanation/Compensation/PersonName6PETER TATTERSALL
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IRS990EZ/OtherAssetsTotal/EOY090297
IRS990EZ/OtherExpensesTotal024380
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IRS990EZ/PrimaryExemptPurpose0THE GATHERING FOUNDATION, INC. IS ORGANIZED AND SHALL OPERATE EXCLUSIVELY FOR THE PRESERVATION OF THE REMAINING VINTAGE FIGHTER AIRCRAFT FLYING IN THE WORLD TODAY. THE ORGANIZATION WILL ACT AS A CLEARINGHOUSE FOR THE DISSEMINATION OF INFORMATION ON THE CARE, MAINTENANCE, IMPROVEMENT AND RESTORATION OF THESE FIGHTER AIRFRAMES AND WILL PROVIDE INSIGHTS INTO SPECIFIC PILOT SKILLS REQUIRED TO FLY THESE AIRCRAFT SAFELY. THE FOUNDATION ACKNOWLEDGES THAT CURRENT AND FUTURE OWNERS AND PILOTS WILL BE FLYING THESE FIGHTERS FOR MANY YEARS TO COME AND SHOULD BE GIVEN THE OPPORTUNITY TO HAVE ACCESS TO THE WEALTH OF INFORMATION OBTAINED BOTH FORMALLY AND INFORMALLY BY OTHERS. THE GOAL OF THE ORGANIZATION IS TO PROVIDE A FORUM WHERE HISTORICAL AND EDUCATIONAL INFORMATION FROM VARIOUS SOURCES CAN BE MADE AVAILABLE TO OWNERS, PILOTS AND THE GENERAL PUBLIC.
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0THE GATHERING FOUNDATION, INC. WORKS TO SUPPORT THE COLLECTION, EXCHANGE AND ARCHIVE OF INFORMATION AS IT PERTAINS TO VINTAGE FIGHTER AIRCRAFT AND THE BRAVE MEN AND WOMEN WHO FLEW OR SERVICED THESE AIRCRAFT IN WAR TIMES.
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses075100
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IRS990EZ/SubjectToProxyTax0false
IRS990EZ/SumOfTotalLiabilities/BOY058268
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IRS990EZ/TanningServicesProvided0false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine10668 N ORLANDO AVENUE SUITE 1007
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IRS990ScheduleO/GeneralExplanation/Explanation0EXPENSES ADVERTISING AND PROMOTION 10,399 OFFICE SUPPLIES 1,727 DUES AND SUBSCRIPTIONS 2,038 BANK SERVICE CHARGES 8,455 TRAVEL 188 POSTAGE AND SHIPPING 462 MISCELLANEOUS EXPENSE 75 PENALTIES AND LATE FEES 156 NON-INVESTMENT DEPRECIATION 880 TOTAL 24,380
IRS990ScheduleO/GeneralExplanation/Explanation1ACCOUNTS RECEIVABLE 653 1,445 SUTA REFUNDABLE 22 22 DUE FROM TEXAN AV 803 0 DUE FROM STALLION 51 CORP 387 0 DUE FROM GROUP 51 300 0 DUE FROM CH TWO 387 0 DUE FROM AVMED 773 0 PAYROLL TAX REFUNDABLE 0 600 DUE FROM ANGELA WEST 0 318 INVENTORIES FOR SALE OR USE 148,640 87,122 COMPUTER EQUIPMENT 6,019 6,019 LESS ACCUMULATED DEPRECIATION 4,349 5,229 TOTAL 153,635 90,297
IRS990ScheduleO/GeneralExplanation/Explanation2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 12,148 432 UNSECURED NOTES AND LOANS PAYABLE 39,087 26,306 PAYROLL LIABILITIES 6,654 0 SALES TAX PAYABLE 379 130
IRS990ScheduleO/GeneralExplanation/Explanation3THE GATHERING FOUNDATION, INC. IS ORGANIZED AND SHALL OPERATE EXCLUSIVELY FOR THE PRESERVATION OF THE REMAINING VINTAGE FIGHTER AIRCRAFT FLYING IN THE WORLD TODAY. THE ORGANIZATION WILL ACT AS A CLEARINGHOUSE FOR THE DISSEMINATION OF INFORMATION ON THE CARE, MAINTENANCE, IMPROVEMENT AND RESTORATION OF THESE FIGHTER AIRFRAMES AND WILL PROVIDE INSIGHTS INTO SPECIFIC PILOT SKILLS REQUIRED TO FLY THESE AIRCRAFT SAFELY. THE FOUNDATION ACKNOWLEDGES THAT CURRENT AND FUTURE OWNERS AND PILOTS WILL BE FLYING THESE FIGHTERS FOR MANY YEARS TO COME AND SHOULD BE GIVEN THE OPPORTUNITY TO HAVE ACCESS TO THE WEALTH OF INFORMATION OBTAINED BOTH FORMALLY AND INFORMALLY BY OTHERS. THE GOAL OF THE ORGANIZATION IS TO PROVIDE A FORUM WHERE HISTORICAL AND EDUCATIONAL INFORMATION FROM VARIOUS SOURCES CAN BE MADE AVAILABLE TO OWNERS, PILOTS AND THE GENERAL PUBLIC.
IRS990ScheduleO/GeneralExplanation/Identifier0OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier1OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier2OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/Identifier3PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0208068767
ReturnHeader/Filer/Name/BusinessNameLine10THE GATHERING FOUNDATION INC
ReturnHeader/Filer/NameControl0GATH
ReturnHeader/Filer/Phone04078467251
ReturnHeader/Filer/USAddress/AddressLine103951 MERLIN DRIVE
ReturnHeader/Filer/USAddress/City0KISSIMMEE
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode034741
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-07-26
ReturnHeader/Officer/Name0ANGELA WEST
ReturnHeader/Officer/Phone04078467251
ReturnHeader/Officer/Title0VICE-PRESIDENT
ReturnHeader/Preparer/DatePrepared02013-07-26
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10TATTERSALL & TATTERSALL PA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10668 N ORLANDO AVE STE 1007
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MAITLAND
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0FL
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0327514460
ReturnHeader/Preparer/Name0PETER TATTERSALL CPA
ReturnHeader/Preparer/Phone04078942272
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-08-14T09:10:23-05:00

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