Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Gold Summit Organization for the Development of Eastern Culture
990EZ • Fiscal year 2018 • EIN 26-2542410
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.25x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 15.7% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Balance Sheet
Assets
Down$14,480
Down $27,325 (-65%) from 2017
Net Assets
Down-$3,593
Down $24,208 (-117%) from 2017
Liabilities
Down$18,073
Down $3,117 (-15%) from 2017
Revenue And Expenses
Revenue
Up$102,227
Up $4,005 (+4.1%) from 2017
Expenses
Down$94,756
Down $4,296 (-4.3%) from 2017
Net Income
Up$7,471
Up $8,301 (+1000%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- May 13, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $106,350
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 | - | $94,757 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ERIN MARKLE | Board President | PT | $16,084 | - | $16,084 |
| SCOTT LARSON | Vice President | PT | $15,000 | - | $15,000 |
| JENNIFER WILKENS | Treasurer | PT | $0 | - | - |
| ADAM MIESS | Board Member | - | $0 | - | - |
| RENEE PETERANGELO | Secretary | - | $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 14207
Signing Officer
- Name
- Jennifer Wilkins
- Title
- Treasurer
- Phone
- 7164301650
- Signed
- 2019-05-13
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Alan Jeff CPA Pc
- Address
- 2978 COLVIN BOULEVARD, 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 639advertising 13business development 1,427accounting and tax preparation 1,430labor charge 28bank and other fees 2,810groceries 4,921insurances 1,251interest 1,157postage 24website 659printing and copying 44payroll taxes 2,578security 286supplies 1,177dues and subscriptions 2,596sales and marketing 720staff resources and training 29class instruction 255student gifts 25auto expense 6,293travel and meetings 575volunteer benefits 17buffalo sister city expense 48employee benefits 45”
Other changes in net assets or fund balances Part I line 20
“Description amountprior period correction accts rec (31,679)”
Description of other assets Part II line 24
“Category beginning of year end of yearaccounts receivable 31,679 0inventory 4,292 5,986security deposits 2,769 2,769”
Description of total liabilities Part II line 26
“Category beginning of year end of yearfirst niagara line of credit 13,925 14,458accounts payable,credit cards 7,265 3,615”
Raw XML Appendix166 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/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 | 14207 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 227 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 3051 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 4970 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 4123 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 7471 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 41805 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 14480 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 10891 |
| IRS990EZ/GrossReceiptsAmt | 0 | 106350 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 15014 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 2838 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 2674 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 20615 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -3593 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 20615 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -3593 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 34625 |
| 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 | 16084 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 15000 |
| 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 | SECRETARY |
| 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 | 38740 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 8755 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -31679 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 29047 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | EDUCATION IN MARTIAL CONT SCHO |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 86366 |
| 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 | 94757 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 31084 |
| IRS990EZ/SchoolOperatingInd | 0 | true |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 21190 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 18073 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 94756 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 94757 |
| IRS990EZ/TotalRevenueAmt | 0 | 102227 |
| 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990-EZ, PART 3, PRIMARY EXEMPT PURPOSE: ARTS AND EASTERN CULTURE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION AMOUNTDEPRECIATION FROM 4562 639ADVERTISING 13BUSINESS DEVELOPMENT 1,427ACCOUNTING AND TAX PREPARATION 1,430LABOR CHARGE 28BANK AND OTHER FEES 2,810GROCERIES 4,921INSURANCES 1,251INTEREST 1,157POSTAGE 24WEBSITE 659PRINTING AND COPYING 44PAYROLL TAXES 2,578SECURITY 286SUPPLIES 1,177DUES AND SUBSCRIPTIONS 2,596SALES AND MARKETING 720STAFF RESOURCES AND TRAINING 29CLASS INSTRUCTION 255STUDENT GIFTS 25AUTO EXPENSE 6,293TRAVEL AND MEETINGS 575VOLUNTEER BENEFITS 17BUFFALO SISTER CITY EXPENSE 48EMPLOYEE BENEFITS 45 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION AMOUNTPRIOR PERIOD CORRECTION ACCTS REC (31,679) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS RECEIVABLE 31,679 0INVENTORY 4,292 5,986SECURITY DEPOSITS 2,769 2,769 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CATEGORY BEGINNING OF YEAR END OF YEARFIRST NIAGARA LINE OF CREDIT 13,925 14,458ACCOUNTS PAYABLE,CREDIT CARDS 7,265 3,615 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JENNIFER WILKINS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7164301650 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-05-13 |
| 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 | 14207 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 6AB839FC78295EFC83C4A9CA029385ECF1FA4E60 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 6AB839FC78295EFC83C4A9CA029385ECF1FA4E60 |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId | 0 | 1613082019134r3ejtkc |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt | 0 | 2019-05-14 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 173.64.15.33 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-05-14 |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 12:47:43 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ALAN JEFF CPA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2978 COLVIN BOULEVARD |
| 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 | 2019-05-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Alan Jeff |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2019-05-14T12:45:47-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $14,480
- Liabilities
- $18,073
- Net assets
- -$3,593
- Revenue
- $102,227
- Expenses
- $94,756
- Net income
- $7,471