Civic Intelligence

Gold Summit Organization for the Development of Eastern Culture

990EZ • Fiscal year 2014 • EIN 26-2542410

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

Organization ProfileWWW.SUMMITKUNGFU.COM
255 Great Arrow AvenueBuffalo, NY 14216

(716) 874-3939

Siviq Scores

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

Liabilities / Assets

91st percentile

1.12x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • NTEE A23 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

0.29x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • NTEE A23 • <$500k nonprofits • Source year 2014

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2014 filings • NTEE A23 • <$500k nonprofits • Source year 2014

Top Officer Pay

94th percentile

$23,182

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 20.2% of source-year revenue.

2014 filings • NTEE A23 • <$500k nonprofits • Source year 2014

Asset Growth

39th percentile

-0.1%

Faster asset growth than 39% of similar nonprofits.

2014 filings • NTEE A23 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

37th percentile

-15%

Faster revenue growth than 37% of similar nonprofits.

2014 filings • NTEE A23 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$30,259

Down $32 (-0.1%) from 2013

Net Assets

Up

-$3,514

Up $20,186 (+85%) from 2013

Liabilities

Down

$33,773

Down $20,218 (-37%) from 2013

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin68th percentile

Revenue

Down

$114,735

Down $20,663 (-15%) from 2013

Expenses

Down

$94,549

Down $276 (-0.3%) from 2013

Net Income

Down

$20,186

Down $20,387 (-50%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$100K$50K$0-$50K-$100KAssets 2011: $12,582Liabilities 2011: $56,275Net Assets 2011: -$43,6932011Assets 2012: $21,562Liabilities 2012: $85,835Net Assets 2012: -$64,2732012Assets 2013: $30,291Liabilities 2013: $53,991Net Assets 2013: -$23,7002013Assets 2014: $30,259Liabilities 2014: $33,773Net Assets 2014: -$3,5142014Assets 2015: $50,935Liabilities 2015: $29,938Net Assets 2015: $20,9972015Assets 2016: $44,530Liabilities 2016: $23,085Net Assets 2016: $21,4452016Assets 2017: $41,805Liabilities 2017: $21,190Net Assets 2017: $20,6152017Assets 2018: $14,480Liabilities 2018: $18,073Net Assets 2018: -$3,5932018Assets 2019: $27,514Liabilities 2019: $25,320Net Assets 2019: $2,1942019Assets 2020: $24,949Liabilities 2020: $31,058Net Assets 2020: -$6,1092020Assets 2021: $20,837Liabilities 2021: $26,719Net Assets 2021: -$5,8822021Assets 2022: $28,529Liabilities 2022: $25,381Net Assets 2022: $3,1482022Assets 2023: $25,798Liabilities 2023: $25,354Net Assets 2023: $4442023

Highlighted filing

2014

Assets$30,259
Liabilities$33,773
Net Assets-$3,514
Open 2014 Filing

Operations Trend

Revenue Growth37th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $93,613Expenses 2011: $106,088Net Income 2011: -$12,4752011Revenue 2012: $133,107Expenses 2012: $81,996Net Income 2012: $51,1112012Revenue 2013: $135,398Expenses 2013: $94,825Net Income 2013: $40,5732013Revenue 2014: $114,735Expenses 2014: $94,549Net Income 2014: $20,1862014Revenue 2015: $148,233Expenses 2015: $123,722Net Income 2015: $24,5112015Revenue 2016: $112,371Expenses 2016: $111,923Net Income 2016: $4482016Revenue 2017: $98,222Expenses 2017: $99,052Net Income 2017: -$8302017Revenue 2018: $102,227Expenses 2018: $94,756Net Income 2018: $7,4712018Revenue 2019: $90,095Expenses 2019: $84,308Net Income 2019: $5,7872019Revenue 2020: $52,738Expenses 2020: $69,175Net Income 2020: -$16,4372020Revenue 2021: $50,867Expenses 2021: $50,640Net Income 2021: $2272021Revenue 2022: $48,060Expenses 2022: $39,030Net Income 2022: $9,0302022Revenue 2023: $34,767Expenses 2023: $37,471Net Income 2023: -$2,7042023

Highlighted filing

2014

Revenue$114,735
Expenses$94,549
Net Income$20,186
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$119,541
Mission and Program Overview

Mission

Education in martial cont scho

Program Services

DescriptionGrantsExpenses
EDUCATION OF ADULTS AND CHILDREN IN MARTIAL ARTS EASTERN CULTURES AND PHILOSOPHIES BENEFITS INDIVIDUALS WITH AUTISM ADHD AND ADD IMPROVES HEALTH AND WELLNESS-$87,534
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERIN MARKLEBoard PresidentPT$23,182-$23,182
SCOTT LARSONVice PresidentPT$0--
JENNIFER WILKENSTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Gold Summit Odec
EIN
26-2542410
Address
255 GREAT ARROW AVENUE, BUFFALO, NY 14216

Signing Officer

Name
Jennifer Wilkens
Title
Treasurer
Phone
7168743939
Signed
2015-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Alan Jeff CPA Pc
Address
2978 COLVIN BLVD, TONAWANDA, NY 14150
Preparer
Alan Jeff
Phone
7166933797
Supplemental Narrative

Additional Explanations

General explanation attachment

“Form 990-ez, part 3, primary exempt purpose: arts and eastern culture.”

Description of other expenses Part I line 16

“Description amountdepreciation from 4562 196advertising 254business development 34accounting and tax preparation 1,067credit card processing 870bank and other fees 1,357groceries 3,661insurances 1,271interest 2,626supplies 8,578website 205payroll preparation 333payroll taxes 2,237security 462conferences and conventions 6,828shipping 137contributions 103dues and subscriptions 1,094employee training 11”

Description of other assets Part II line 24

“Category beginning of year end of yearaccounts receivable 20,105 20,649inventory 2,248 2,842security deposits 2,188 2,188”

Description of total liabilities Part II line 26

“Category beginning of year end of yearfirst niagara line of credit 13,935 14,442hsbc loan 6,584 4,834accounts payable,credit cards 33,472 14,497”

Raw XML Appendix142 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0JENNIFER WILKENS
IRS990EZ/BooksInCareOfDetail/PhoneNum07168743939
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0255 GREAT ARROW AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd014216
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05750
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03598
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IRS990EZ/ContributionsGiftsGrantsEtcAmt04576
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IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt020186
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04711
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form990TotalAssetsGrp/BOYAmt030291
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt05810
IRS990EZ/GrossReceiptsAmt0119541
IRS990EZ/GrossSalesOfInventoryAmt010616
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt0982
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-23700
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-3514
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-23700
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-3514
IRS990EZ/OccupancyRentUtltsAndMaintAmt033957
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt030.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt023182
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ERIN MARKLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SCOTT LARSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JENNIFER WILKENS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt024541
IRS990EZ/OtherAssetsTotalDetail/EOYAmt025679
IRS990EZ/OtherExpensesTotalAmt031324
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATION IN MARTIAL CONT SCHO
IRS990EZ/PrintingPublicationsPostageAmt01375
IRS990EZ/ProgramServiceRevenueAmt0104349
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATION OF ADULTS AND CHILDREN IN MARTIAL ARTS EASTERN CULTURES AND PHILOSOPHIES BENEFITS INDIVIDUALS WITH AUTISM ADHD AND ADD IMPROVES HEALTH AND WELLNESS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt087534
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt023182
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt053991
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt033773
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt094549
IRS990EZ/TotalProgramServiceExpensesAmt087534
IRS990EZ/TotalRevenueAmt0114735
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.SUMMITKUNGFU.COM
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES THIS KNOWN THROUGH PROGRAM BROCHURES AND ALSO ON ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of nondiscriminatory policy (Question 3)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990-EZ, PART 3, PRIMARY EXEMPT PURPOSE: ARTS AND EASTERN CULTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTDEPRECIATION FROM 4562 196ADVERTISING 254BUSINESS DEVELOPMENT 34ACCOUNTING AND TAX PREPARATION 1,067CREDIT CARD PROCESSING 870BANK AND OTHER FEES 1,357GROCERIES 3,661INSURANCES 1,271INTEREST 2,626SUPPLIES 8,578WEBSITE 205PAYROLL PREPARATION 333PAYROLL TAXES 2,237SECURITY 462CONFERENCES AND CONVENTIONS 6,828SHIPPING 137CONTRIBUTIONS 103DUES AND SUBSCRIPTIONS 1,094EMPLOYEE TRAINING 11
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS RECEIVABLE 20,105 20,649INVENTORY 2,248 2,842SECURITY DEPOSITS 2,188 2,188
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARFIRST NIAGARA LINE OF CREDIT 13,935 14,442HSBC LOAN 6,584 4,834ACCOUNTS PAYABLE,CREDIT CARDS 33,472 14,497
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER WILKENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07168743939
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOLD SUMMIT ODEC
ReturnHeader/Filer/BusinessNameControlTxt0GOLD
ReturnHeader/Filer/EIN0262542410
ReturnHeader/Filer/USAddress/AddressLine1Txt0255 GREAT ARROW AVENUE
ReturnHeader/Filer/USAddress/CityNm0BUFFALO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014216
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161326754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALAN JEFF CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02978 COLVIN BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TONAWANDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014150
ReturnHeader/PreparerPersonGrp/PhoneNum07166933797
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN JEFF
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-13T14:20:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,259
Liabilities
$33,773
Net assets
-$3,514
Revenue
$114,735
Expenses
$94,549
Net income
$20,186
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.25$0.00$0.35$0.37$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.25$0.03$0.48$0.39$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.21$0.27$0.06$0.51$0.51$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.31$0.06$0.53$0.69$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.25$0.02$0.90$0.84$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.18$0.04$1.02$0.95$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.21$0.21$0.98$0.99$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.23$0.21$1.12$1.12$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.30$0.21$1.48$1.24$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.34$0.04$1.15$0.95$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.30$0.54$0.24$1.35$0.95$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.86$0.64$1.33$0.82$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.56$0.44$0.94$1.06$0.12