Civic Intelligence

Gate City Company

990 • Fiscal year 2013 • EIN 26-0706165

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 12, 2014

330 South Greene Street No 10027401-2659

(336) 379-9100

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

2nd percentile

-247%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

99th percentile

$213,961

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 52960.6% of source-year revenue.

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

Asset Growth

43rd percentile

-1.2%

Faster asset growth than 43% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$79,629

Down $998 (-1.2%) from 2012

Net Assets

Down

$79,629

Down $998 (-1.2%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$404

No earlier filing loaded for comparison.

Expenses

Down

$1,402

Down $1,028 (-42%) from 2012

Net Income

-$998

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $984,751Liabilities 2010: $848,186Net Assets 2010: $136,5652010Assets 2011: $663,821Liabilities 2011: $600,189Net Assets 2011: $63,6322011Assets 2012: $80,627Liabilities 2012: $0Net Assets 2012: $80,6272012Assets 2013: $79,629Liabilities 2013: $0Net Assets 2013: $79,6292013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2013

Assets$79,629
Liabilities$0
Net Assets$79,629

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $174,9772010Expenses 2011: $108,2822011Expenses 2012: $2,4302012Revenue 2013: $404Expenses 2013: $1,402Net Income 2013: -$9982013Revenue 2014: $259Expenses 2014: $79,888Net Income 2014: -$79,6292014

Highlighted filing

2013

Revenue$404
Expenses$1,402
Net Income-$998
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 12, 2014
Return Version
2013v3.0
Gross Receipts
$404
Mission and Program Overview

Mission

This organization is a supporting organization of community foundation of greater greensboro.

Supports the community foundation of grtr greensboro with a focus on neighborhood vitality

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$80,627$79,629▼ $998
Total Assets$80,627$79,629▼ $998
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$80,627$79,629▼ $998
Total Net Assets Fund Balance$80,627$79,629▼ $998
Total Liabilities and Net Assets / Fund Balance$80,627$79,629▼ $998
Compensation and Service Providers

Employees

NameTitleOtherTotal
JACQUELINE O'CONNELLAssistant Treasurer$132,218$132,218

Board Members and Trustees

NameTitle
Yolanda LeacraftChair
Cornelius Cc LamberthVice Chair
Andrew ScottDirector
Dr Benjamin UwakwehDirector
Elaine OstrowskiDirector
Eunice DudleyDirector
Gary Paul KaneDirector
James HoffmanDirector
Jan MaloneDirector
Roy CarrollDirector
Susan SchwartzDirector
H Walker SandersAssistant Secretary & CEO
Paul GilmerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$404
Other Revenue
$0
Change in Net Assets
$-998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$1,100-$1,100
Fees for Services Management$300--$300
Fees for Service Investment Mgmnt Fees$2--$2
Total Functional Expenses$302$1,100$0$1,402
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The community foundation of greater greensboro board of directors appoints all members of the gate city company board of directors.

Form 990, Part VI, Section B, Line 11

The finance committee of community foundation of greater greensboro, comprised of accounting and financial professionals, will review a draft 990 and will report any concerns to gate city company's board. All board members will be provided with a draft before filing.

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

Annually, board members acknowledge, in writing, their adherence to the conflict of interest policy. Each individual lists significant civic, financial, and business relationships for themselves and spouse. The list is summarized, reviewed, and discussed as necessary. Any duality or possible conflict of interest on the part of any member of the board of directors or the staff shall be disclosed to the other members of the board and made a matter of record as soon as the issues in question are raised and a possible conflict is known. That person shall not vote on such matter and shall not attempt to exert personal influence in connection therewith.

Form 990, Part VI, Section B, Line 15

The organization has no full-time employees. Key personnel in support of the organization are employees of the community foundation of greater greensboro ("cfgg") and are subject to compensation, classification and all other personnel policies of cfgg. Cfgg periodically reviews its classification and compensation structure to ensure reasonableness.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request and on the community foundation of greater greensboro's website.

Filing and Contact Details

Filer

EIN
26-0706165
Phone
3363799100

Signing Officer

Name
H Walker Sanders
Title
Assistant Secretary & CEO
Phone
3363799100
Signed
2014-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yolanda Leacraft
Formed
2007
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Preparer
Kellianne F Benson
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and the impact, if any, the effect of the uncertain tax position may have on the combined financial statements. No material uncertain tax positions were identified during 2013 and 2012.

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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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IRS990/ActivityOrMissionDesc0SUPPORTS THE COMMUNITY FOUNDATION OF GRTR GREENSBORO WITH A FOCUS ON NEIGHBORHOOD VITALITY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASSISTANT SECRETARY & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASSISTANT TREASURER
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMMUNITY FOUNDATION OF GREATER GREENSBORO BOARD OF DIRECTORS APPOINTS ALL MEMBERS OF THE GATE CITY COMPANY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE COMMITTEE OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, COMPRISED OF ACCOUNTING AND FINANCIAL PROFESSIONALS, WILL REVIEW A DRAFT 990 AND WILL REPORT ANY CONCERNS TO GATE CITY COMPANY'S BOARD. ALL BOARD MEMBERS WILL BE PROVIDED WITH A DRAFT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, BOARD MEMBERS ACKNOWLEDGE, IN WRITING, THEIR ADHERENCE TO THE CONFLICT OF INTEREST POLICY. EACH INDIVIDUAL LISTS SIGNIFICANT CIVIC, FINANCIAL, AND BUSINESS RELATIONSHIPS FOR THEMSELVES AND SPOUSE. THE LIST IS SUMMARIZED, REVIEWED, AND DISCUSSED AS NECESSARY. ANY DUALITY OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY MEMBER OF THE BOARD OF DIRECTORS OR THE STAFF SHALL BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD AND MADE A MATTER OF RECORD AS SOON AS THE ISSUES IN QUESTION ARE RAISED AND A POSSIBLE CONFLICT IS KNOWN. THAT PERSON SHALL NOT VOTE ON SUCH MATTER AND SHALL NOT ATTEMPT TO EXERT PERSONAL INFLUENCE IN CONNECTION THEREWITH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE ORGANIZATION ARE EMPLOYEES OF THE COMMUNITY FOUNDATION OF GREATER GREENSBORO ("CFGG") AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF CFGG. CFGG PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE TO ENSURE REASONABLENESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE COMMUNITY FOUNDATION OF GREATER GREENSBORO'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10COMMUNITY FOUNDATION OF GREATER GREENSBORO INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine11COMMUNITY FOUNDATION OF GREATER GREENSBORO INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10COMMUNITY FOUNDATION OF GREATER GREENSBORO INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11STANLEY & DOROTHY FRANK FAMILY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0561380249
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1566513308
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2562035757
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMMUNITY BETTERMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1GRANTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TO ADMINISTER CHARITABLE FUNDS RELATING TO REAL PROPERTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 11A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 11A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10330 SOUTH GREENE STREET SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine11330 SOUTH GREENE STREET SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine12330 SOUTH GREENE STREET SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0GREENSBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1GREENSBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City2GREENSBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State2NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode0274012659
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode1274012659
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode2274012659
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt080627
IRS990/TotalAssetsEOYAmt079629
IRS990/TotalAssetsGrp/BOYAmt080627
IRS990/TotalAssetsGrp/EOYAmt079629
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01100
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0302
IRS990/TotalFunctionalExpensesGrp/TotalAmt01402
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt080627
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt079629
IRS990/TotalOtherCompensationAmt037032
IRS990/TotalProgramServiceExpensesAmt0302
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0404
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0404
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt080627
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt079629
IRS990/TotReportableCompRltdOrgAmt0309147
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt080627
IRS990/UnrestrictedNetAssetsGrp/EOYAmt079629

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