Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Gold Summit Organization for the Development of Eastern Culture
990EZ • Fiscal year 2015 • EIN 26-2542410
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.59x
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
64th percentile
Higher net margin than 64% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 19.0% of source-year revenue.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
66th percentile
Faster revenue growth than 66% of similar nonprofits.
Balance Sheet
Assets
Up$50,935
Up $20,676 (+68%) from 2014
Net Assets
Up$20,997
Up $24,511 (+698%) from 2014
Liabilities
Down$29,938
Down $3,835 (-11%) from 2014
Revenue And Expenses
Revenue
Up$148,233
Up $33,498 (+29%) from 2014
Expenses
Up$123,722
Up $29,173 (+31%) from 2014
Net Income
Up$24,511
Up $4,325 (+21%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Nov 15, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $158,228
Mission and Program Overview
Mission
Education in martial cont scho
Program Services
| Description | Grants | Expenses |
|---|---|---|
| EDUCATION OF ADULTS AND CHILDREN IN MARTIAL ARTS EASTERN CULTURES AND PHILOSOPHIES BENEFITS INDIVIDUALS WITH AUTISM ADHD AND ADD IMPROVES HEALTH AND WELLNESS | - | $116,481 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ERIN MARKLE | Board President | PT | $28,204 | - | $28,204 |
| SCOTT LARSON | Vice President | PT | $0 | - | - |
| JENNIFER WILKENS | Treasurer | PT | $0 | - | - |
| ADAM MIESS | Board Member | - | $0 | - | - |
| RENEE PETERANGELO | Board Member | - | $0 | - | - |
| EMERSON BARR | Board Member | - | $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
- 2016-11-15
- 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 656advertising 1,696business development 1,253accounting and tax preparation 1,252labor charge 84bank and other fees 3,044groceries 5,754insurances 1,482interest 2,193supplies 15,001website 364payroll preparation 111payroll taxes 2,488security 290conferences and conventions 2,723shipping 11contributions 1,500dues and subscriptions 740employee training 16miscellaneous 36class instruction 1,420operating systems 92workshop training 571payroll late fees 72instructor training 88”
Description of other assets Part II line 24
“Category beginning of year end of yearaccounts receivable 20,649 31,679inventory 2,842 715security deposits 2,188 2,769”
Description of total liabilities Part II line 26
“Category beginning of year end of yearfirst niagara line of credit 14,442 14,274hsbc loan 4,834 3,032accounts payable,credit cards 14,497 12,632”
Raw XML Appendix162 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JENNIFER WILKENS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7168743939 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 255 GREAT ARROW AVENUE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BUFFALO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 14216 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 3598 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 11767 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 8251 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 9995 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 24511 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6810 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 30259 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 50935 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 3794 |
| IRS990EZ/GrossReceiptsAmt | 0 | 158228 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 13789 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 982 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 4005 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -3514 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 20997 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -3514 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 20997 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 45295 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 30.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 28204 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ERIN MARKLE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | SCOTT LARSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JENNIFER WILKENS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ADAM MIESS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | RENEE PETERANGELO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | EMERSON BARR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | BOARD PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 25679 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 35163 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 42937 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | EDUCATION IN MARTIAL CONT SCHO |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 476 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 136188 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | EDUCATION OF ADULTS AND CHILDREN IN MARTIAL ARTS EASTERN CULTURES AND PHILOSOPHIES BENEFITS INDIVIDUALS WITH AUTISM ADHD AND ADD IMPROVES HEALTH AND WELLNESS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 116481 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 28204 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | true |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 33773 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 29938 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 123722 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 116481 |
| IRS990EZ/TotalRevenueAmt | 0 | 148233 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.SUMMITKUNGFU.COM |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION MAKES THIS KNOWN THROUGH PROGRAM BROCHURES AND ALSO ON ITS WEBSITE. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of nondiscriminatory policy (Question 3) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990-EZ, PART 3, PRIMARY EXEMPT PURPOSE: ARTS AND EASTERN CULTURE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION AMOUNTDEPRECIATION FROM 4562 656ADVERTISING 1,696BUSINESS DEVELOPMENT 1,253ACCOUNTING AND TAX PREPARATION 1,252LABOR CHARGE 84BANK AND OTHER FEES 3,044GROCERIES 5,754INSURANCES 1,482INTEREST 2,193SUPPLIES 15,001WEBSITE 364PAYROLL PREPARATION 111PAYROLL TAXES 2,488SECURITY 290CONFERENCES AND CONVENTIONS 2,723SHIPPING 11CONTRIBUTIONS 1,500DUES AND SUBSCRIPTIONS 740EMPLOYEE TRAINING 16MISCELLANEOUS 36CLASS INSTRUCTION 1,420OPERATING SYSTEMS 92WORKSHOP TRAINING 571PAYROLL LATE FEES 72INSTRUCTOR TRAINING 88 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS RECEIVABLE 20,649 31,679INVENTORY 2,842 715SECURITY DEPOSITS 2,188 2,769 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CATEGORY BEGINNING OF YEAR END OF YEARFIRST NIAGARA LINE OF CREDIT 14,442 14,274HSBC LOAN 4,834 3,032ACCOUNTS PAYABLE,CREDIT CARDS 14,497 12,632 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JENNIFER WILKENS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7168743939 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GOLD SUMMIT ODEC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GOLD |
| ReturnHeader/Filer/EIN | 0 | 262542410 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 255 GREAT ARROW AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BUFFALO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 14216 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 161326754 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ALAN JEFF CPA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2978 COLVIN BLVD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TONAWANDA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 14150 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7166933797 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ALAN JEFF |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2016-11-15T15:37:43-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $50,935
- Liabilities
- $29,938
- Net assets
- $20,997
- Revenue
- $148,233
- Expenses
- $123,722
- Net income
- $24,511