Civic Intelligence

The Gathering Foundation Inc

990EZ • Fiscal year 2013 • EIN 20-8068767

Jan 01, 2013 to Dec 31, 2013 • Filed on May 02, 2014

3951 Merlin Drive34741

(407) 846-7251

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.21x

Higher debt load relative to assets than 82% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

95th percentile

0.98x

Higher debt load relative to revenue than 95% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

10th percentile

-38%

Higher net margin than 10% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

84th percentile

$24,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 80.3% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

34th percentile

-6.0%

Faster asset growth than 34% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

94th percentile

125%

Faster revenue growth than 94% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Down

$140,905

Down $8,989 (-6.0%) from 2012

Net Assets

Down

$111,707

Down $11,319 (-9.2%) from 2012

Liabilities

Up

$29,198

Up $2,330 (+8.7%) from 2012

Revenue

Up

$29,898

Up $16,633 (+125%) from 2012

Expenses

Down

$41,217

Down $33,883 (-45%) from 2012

Net Income

Up

-$11,319

Up $50,516 (+82%) from 2012

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

2013

Assets$140,905
Liabilities$29,198
Net Assets$111,707

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

2013

Revenue$29,898
Expenses$41,217
Net Income-$11,319
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 2, 2014
Return Version
2013v3.1
Gross Receipts
$47,332
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.

Program Services

DescriptionGrantsExpenses
THE 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.-$41,217
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANGELA WESTVice-Pres/ExFT$24,000-$24,000
ARTHUR R LOUVDirector-$0--
DAVID ROBINSONDirector-$0--
JOHN LAUDERBACKVice-Preside-$0--
MICHAEL DECUIRPresident/Di-$0--
JULIE CLEVENGERSecretary-$0--
PETER TATTERSALLTreasurer/Di-$0--
DON NIXONDirector-$0--
Filing and Contact Details

Filer

EIN
20-8068767
Phone
4078467251

Signing Officer

Name
Angela West
Title
Vice-president
Phone
4078467251
Signed
2014-05-02
Discuss with paid preparer
Yes

Preparer

Preparer
Peter Tattersall CPA
Phone
4078942272
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 3,334 office supplies 818 dues and subscriptions 505 bank service charges 4,669 non-investment depreciation 451 total 9,777

Form 990-ez, Part II, Line 24

Accounts receivable 1,445 563 suta refundable 22 82 payroll tax refundable 600 0 due from angela west 318 318 inventories for sale or use 87,122 101,108 computer equipment 6,019 6,019 less accumulated depreciation 5,229 5,680 total 90,297 102,410

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 432 554 unsecured notes and loans payable 26,306 26,226 payroll liabilities 0 2,418 sales tax payable 130 0

Form 990-ez, Part III

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.

Raw XML Appendix181 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/CompensationExplanationGrp/PersonNm3JOHN LAUDERBACK
CompensationExplanation/CompensationExplanationGrp/PersonNm4MICHAEL DECUIR
CompensationExplanation/CompensationExplanationGrp/PersonNm5JULIE CLEVENGER
CompensationExplanation/CompensationExplanationGrp/PersonNm6PETER TATTERSALL
CompensationExplanation/CompensationExplanationGrp/PersonNm7DON NIXON
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IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 3,334 OFFICE SUPPLIES 818 DUES AND SUBSCRIPTIONS 505 BANK SERVICE CHARGES 4,669 NON-INVESTMENT DEPRECIATION 451 TOTAL 9,777
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 1,445 563 SUTA REFUNDABLE 22 82 PAYROLL TAX REFUNDABLE 600 0 DUE FROM ANGELA WEST 318 318 INVENTORIES FOR SALE OR USE 87,122 101,108 COMPUTER EQUIPMENT 6,019 6,019 LESS ACCUMULATED DEPRECIATION 5,229 5,680 TOTAL 90,297 102,410
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 432 554 UNSECURED NOTES AND LOANS PAYABLE 26,306 26,226 PAYROLL LIABILITIES 0 2,418 SALES TAX PAYABLE 130 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANGELA WEST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE-PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04078467251
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE GATHERING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GATH
ReturnHeader/Filer/EIN0208068767
ReturnHeader/Filer/PhoneNum04078467251
ReturnHeader/Filer/USAddress/AddressLine103951 MERLIN DRIVE
ReturnHeader/Filer/USAddress/City0KISSIMMEE
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode034741
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10TATTERSALL & TATTERSALL PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10668 N ORLANDO AVE STE 1007
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0327514460
ReturnHeader/PreparerPersonGrp/PhoneNum04078942272
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER TATTERSALL CPA
ReturnHeader/ReturnTs02014-05-19T08:12:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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