Civic Intelligence

The Gathering Foundation Inc

990EZ • Fiscal year 2014 • EIN 20-8068767

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 05, 2015

3951 Merlin DriveKissimmee, FL 34741

(407) 846-7251

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.23x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

1.70x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

4th percentile

-102%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

84th percentile

$24,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 142.8% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

11th percentile

-44%

Faster revenue growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$123,195

Down $17,710 (-13%) from 2013

Net Assets

Down

$94,551

Down $17,156 (-15%) from 2013

Liabilities

Down

$28,644

Down $554 (-1.9%) from 2013

Revenue

Down

$16,803

Down $13,095 (-44%) from 2013

Expenses

Down

$33,959

Down $7,258 (-18%) from 2013

Net Income

Down

-$17,156

Down $5,837 (-52%) from 2013

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

2014

Assets$123,195
Liabilities$28,644
Net Assets$94,551

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

2014

Revenue$16,803
Expenses$33,959
Net Income-$17,156
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 5, 2015
Return Version
2014v5.0
Gross Receipts
$18,660
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.-$33,959
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANGELA WESTVice-Pres/ExPT$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

Filer Name
The Gathering Foundation Inc
EIN
20-8068767
Phone
4078467251
Address
3951 MERLIN DRIVE, KISSIMMEE, FL 34741

Signing Officer

Name
Angela West
Title
Vice-president
Phone
4078467251
Signed
2015-06-05
Discuss with paid preparer
Yes

Preparer

Firm
Tattersall & Tattersall Pa
Address
668 N ORLANDO AVE STE 1007, MAITLAND, FL 32751-4460
Preparer
Peter Tattersall CPA 9498
Phone
4078942272
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 2,235 dues and subscriptions 145 bank service charges 2,276 non-investment depreciation 339 total 4,995

Form 990-ez, Part II, Line 24

Accounts receivable 563 563 suta refundable 82 82 due from angela west 318 318 inventories for sale or use 101,108 99,252 computer equipment 6,019 6,019 less accumulated depreciation 5,680 6,019 total 102,410 100,215

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 554 0 unsecured notes and loans payable 26,226 26,226 payroll liabilities 2,418 2,418

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 Appendix175 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 2,235 DUES AND SUBSCRIPTIONS 145 BANK SERVICE CHARGES 2,276 NON-INVESTMENT DEPRECIATION 339 TOTAL 4,995
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 563 563 SUTA REFUNDABLE 82 82 DUE FROM ANGELA WEST 318 318 INVENTORIES FOR SALE OR USE 101,108 99,252 COMPUTER EQUIPMENT 6,019 6,019 LESS ACCUMULATED DEPRECIATION 5,680 6,019 TOTAL 102,410 100,215
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 554 0 UNSECURED NOTES AND LOANS PAYABLE 26,226 26,226 PAYROLL LIABILITIES 2,418 2,418
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
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ReturnHeader/Filer/EIN0208068767
ReturnHeader/Filer/PhoneNum04078467251
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TATTERSALL & TATTERSALL PA
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ReturnHeader/PreparerPersonGrp/PhoneNum04078942272
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER TATTERSALL CPA 9498
ReturnHeader/ReturnTs02015-06-29T14:48:22-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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