Civic Intelligence

The Gathering Foundation Inc

990EZ • Fiscal year 2017 • EIN 20-8068767

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 19, 2018

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

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.05x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

86th percentile

56%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

2.5%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$293,795

Up $105,949 (+56%) from 2016

Net Assets

Up

$286,724

Up $106,132 (+59%) from 2016

Liabilities

Down

$7,071

Down $183 (-2.5%) from 2016

Revenue

Up

$152,607

Up $3,651 (+2.5%) from 2016

Expenses

Up

$46,476

Up $2,877 (+6.6%) from 2016

Net Income

Up

$106,131

Up $774 (+0.7%) from 2016

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

2017

Assets$293,795
Liabilities$7,071
Net Assets$286,724

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

2017

Revenue$152,607
Expenses$46,476
Net Income$106,131
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 19, 2018
Return Version
2017v2.3
Gross Receipts
$180,063
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.-$46,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANGELA WESTVice-Pres/ExPT$0--
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-pres/exec Director
Phone
4078467251
Signed
2018-09-19
Discuss with paid preparer
Yes

Preparer

Firm
Mcgraw & Tattersall Pa
Address
1020 N ORLANDO AVE STE 400, MAITLAND, FL 32751-4514
Preparer
Brian D Mcgraw CPA
Phone
4078942272
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 1,850 office expenses 5,125 dues and subscriptions 138 bank service charges 2,920 cc service charges 576 filing fees 145 telephone expense 1,107 miscellaneous expense 1,711 utilities 4,299 total 17,871

Form 990-ez, Part II, Line 24

Suta refundable 82 88 due from angela west 318 318 due from p51 store-consignment 0 4,893 due from stallion 51 flt ops 0 115,985 inventories for sale or use 109,615 82,159 computer equipment 6,019 6,019 less accumulated depreciation 6,019 6,019 total 110,015 203,443

Form 990-ez, Part II, Line 26

Unsecured notes and loans payable 0 2,235 payroll liabilities 7,254 4,836

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 1,850 OFFICE EXPENSES 5,125 DUES AND SUBSCRIPTIONS 138 BANK SERVICE CHARGES 2,920 CC SERVICE CHARGES 576 FILING FEES 145 TELEPHONE EXPENSE 1,107 MISCELLANEOUS EXPENSE 1,711 UTILITIES 4,299 TOTAL 17,871
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUTA REFUNDABLE 82 88 DUE FROM ANGELA WEST 318 318 DUE FROM P51 STORE-CONSIGNMENT 0 4,893 DUE FROM STALLION 51 FLT OPS 0 115,985 INVENTORIES FOR SALE OR USE 109,615 82,159 COMPUTER EQUIPMENT 6,019 6,019 LESS ACCUMULATED DEPRECIATION 6,019 6,019 TOTAL 110,015 203,443
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNSECURED NOTES AND LOANS PAYABLE 0 2,235 PAYROLL LIABILITIES 7,254 4,836
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/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum04078467251
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN D MCGRAW CPA
ReturnHeader/ReturnTs02018-09-26T12:59:15-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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