Civic Intelligence

Beds for Kids Inc.

990 • Fiscal year 2016 • EIN 27-4153074

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 07, 2017

Organization ProfileBEDSFORKIDS.ORG
1800 Camden Rd Ste 107-17Charlotte, NC 28203

(980) 422-1192

Siviq Scores

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

Liabilities / Assets

34th percentile

0.07x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

21st percentile

0.03x

Higher debt load relative to revenue than 21% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Net Margin

32nd percentile

-2.5%

Higher net margin than 32% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

41st percentile

$70,750

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Asset Growth

42nd percentile

-0.7%

Faster asset growth than 42% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-12%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$577,841

Down $4,104 (-0.7%) from 2015

Net Assets

Down

$534,717

Down $39,122 (-6.8%) from 2015

Liabilities

Up

$43,124

Up $35,018 (+432%) from 2015

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin32nd percentile

Revenue

Down

$1,378,123

Down $184,438 (-12%) from 2015

Expenses

Up

$1,412,245

Up $30,469 (+2.2%) from 2015

Net Income

Down

-$34,122

Down $214,907 (-119%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $244,052Liabilities 2013: $2,234Net Assets 2013: $241,8182013Assets 2014: $388,706Liabilities 2014: $652Net Assets 2014: $388,0542014Assets 2015: $581,945Liabilities 2015: $8,106Net Assets 2015: $573,8392015Assets 2016: $577,841Liabilities 2016: $43,124Net Assets 2016: $534,7172016Assets 2017: $450,597Liabilities 2017: $85,898Net Assets 2017: $364,6992017Assets 2018: $372,032Liabilities 2018: $42,955Net Assets 2018: $329,0772018Assets 2019: $526,406Liabilities 2019: $42,460Net Assets 2019: $483,9462019Assets 2020: $583,970Liabilities 2020: $2,198Net Assets 2020: $581,7722020Assets 2021: $695,175Liabilities 2021: $9,308Net Assets 2021: $685,8672021Assets 2022: $1,011,322Liabilities 2022: $363,258Net Assets 2022: $648,0642022Assets 2023: $2,486,965Liabilities 2023: $664,608Net Assets 2023: $1,822,3572023Assets 2024: $2,368,689Liabilities 2024: $492,303Net Assets 2024: $1,876,3862024

Highlighted filing

2016

Assets$577,841
Liabilities$43,124
Net Assets$534,717
Open 2016 Filing

Operations Trend

Revenue Growth15th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $521,266Expenses 2013: $424,768Net Income 2013: $96,4982013Revenue 2014: $741,985Expenses 2014: $595,749Net Income 2014: $146,2362014Revenue 2015: $1,562,561Expenses 2015: $1,381,776Net Income 2015: $180,7852015Revenue 2016: $1,378,123Expenses 2016: $1,412,245Net Income 2016: -$34,1222016Revenue 2017: $1,706,713Expenses 2017: $1,876,731Net Income 2017: -$170,0182017Revenue 2018: $1,674,956Expenses 2018: $1,710,578Net Income 2018: -$35,6222018Revenue 2019: $1,744,085Expenses 2019: $1,589,216Net Income 2019: $154,8692019Revenue 2020: $1,431,295Expenses 2020: $1,333,470Net Income 2020: $97,8252020Revenue 2021: $1,443,722Expenses 2021: $1,339,627Net Income 2021: $104,0952021Revenue 2022: $1,484,652Expenses 2022: $1,503,062Net Income 2022: -$18,4102022Revenue 2023: $3,093,612Expenses 2023: $1,919,319Net Income 2023: $1,174,2932023Revenue 2024: $2,899,829Expenses 2024: $2,846,223Net Income 2024: $53,6062024

Highlighted filing

2016

Revenue$1,378,123
Expenses$1,412,245
Net Income-$34,122
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 7, 2017
Return Version
2016v3.0
Gross Receipts
$1,378,123
Mission and Program Overview

Mission

To provide a bed and other essential furniture to every child and family in need in charlotte.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$300,000$265,488▼ $34,512
Cash and Non-Interest-Bearing Accounts$170,563$137,009▼ $33,554
Inventories for Sale or Use$39,542$98,014▲ $58,472
Land, Buildings, and Equipment, Net$64,936$77,330▲ $12,394
Investments in Publicly Traded Securities$6,904--
Total Assets$581,945$577,841▼ $4,104
Liabilities
Other Liabilities$7,290$32,285▲ $24,995
Accounts Payable and Accrued Expenses$816$10,839▲ $10,023
Total Liabilities$8,106$43,124▲ $35,018
Net Assets / Fund Balance
Unrestricted Net Assets$568,839$534,717▼ $34,122
Temporarily Rstr Net Assets$5,000--
Total Net Assets Fund Balance$573,839$534,717▼ $39,122
Total Liabilities and Net Assets / Fund Balance$581,945$577,841▼ $4,104

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$55,081$27,688$82,769
Other Land Buildings$17,471$36,551$54,022
Equipment$4,778$3,473$8,251
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel FogartyExecutive DiFT$70,750$70,750

Board Members and Trustees

NameTitle
Charlie MaloufBoard Chairm
Bryant GatrellBoard Member
Jj JansenBoard Member
Laurie JacksonBoard Member
Paul FinnenBoard Member
Reggie NiousBoard Member
Sally MilksBoard Member
Tony HunterBoard Member
Chad RothertBoard Treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$1,336,910
Program Service Revenue
$0
Investment Income
$488
Other Revenue
$40,725
All Other Contributions
$1,336,910
Change in Net Assets
$-34,122

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$584,838Comparable Sales
Total Noncash Contributions$584,838-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$981,302
Salaries, Compensation, and Employee Benefits$430,943
Total Fundraising Expense$55,410
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$261,810$29,153$11,709$302,672
Occupancy$113,746$25,542-$139,288
Current Officers, Directors, Trustees, and Key Employees$42,450$7,075$21,225$70,750
Payroll Taxes$46,867$5,581$5,073$57,521
Depreciation Depletion$30,357--$30,357
All Other Expenses$8,093$11,983$4,616$24,692
Other Expenses$22,233$2,158-$22,233
Insurance-$20,988-$20,988
Office Expenses-$4,112$10,921$15,033
Fees for Services Accounting-$5,910-$5,910
Advertising--$1,866$1,866
Information Technology$1,390--$1,390
Conferences and Meetings-$1,156-$1,156
Fees for Services Other$899--$899
Fees for Services Legal-$200-$200
Total Functional Expenses$1,242,977$113,858$55,410$1,412,245
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cc - Wells Fargo 8805$7,218
Cc - Wells Fargo 8789$67
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“All board members will receive a copy of the form 990 for review prior to filling the return.”

Form 990, Page 6, Part VI, Line 12C

“Each board member is required to fill out a conflict of interest questionnaire and they are reviewed and retained by the governance committee of the board. The governance committee will acknowledge any conflict prior to board votes in each board meeting.”

Form 990, Page 6, Part VI, Line 15A

“The executive director's compensation was determined by an independent board of directors. Compensation for comparable positions at other organizations was reviewed in determining the appropriate compensation amount. The discussion of the executive director's compensation was documented in the meeting minutes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy, and financial statements were not made available for public inspection. Form 990 and form 1023 are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Beds for Kids Inc
EIN
27-4153074
Phone
9804221192
Address
1800 CAMDEN RD STE 107-17, CHARLOTTE, NC 28203

Signing Officer

Name
Daniel Fogarty
Title
Executive Director
Phone
9804221192
Signed
2017-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Fogarty
Formed
2010
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
13
Volunteers
2,000

Preparer

Firm
Bgw CPA Pllc
Address
1616 CAMDEN RD STE 510, CHARLOTTE, NC 28203-4756
Preparer
Rebecca J Cole
Phone
7045520553
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“-5,000”

Raw XML AppendixShowing 400 of 412 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0488
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IRS990ScheduleA/PublicSupportTotal170Amt04250671
IRS990ScheduleA/SubstantialContributorsTotAmt0272325
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01336910
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0504857
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0468714
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04522996
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IRS990ScheduleD/EquipmentGrp/BookValueAmt04778
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03473
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08251
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt025000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt055081
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt027688
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt082769
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017471
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt036551
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt054022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CC - WELLS FARGO 8805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CC - WELLS FARGO 8789
IRS990ScheduleD/TotalBookValueLandBuildingsAmt077330
IRS990ScheduleD/TotalLiabilityAmt032285
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0COMPARABLE SALES
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IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt0584838
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS WILL RECEIVE A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILLING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO FILL OUT A CONFLICT OF INTEREST QUESTIONNAIRE AND THEY ARE REVIEWED AND RETAINED BY THE GOVERNANCE COMMITTEE OF THE BOARD. THE GOVERNANCE COMMITTEE WILL ACKNOWLEDGE ANY CONFLICT PRIOR TO BOARD VOTES IN EACH BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S COMPENSATION WAS DETERMINED BY AN INDEPENDENT BOARD OF DIRECTORS. COMPENSATION FOR COMPARABLE POSITIONS AT OTHER ORGANIZATIONS WAS REVIEWED IN DETERMINING THE APPROPRIATE COMPENSATION AMOUNT. THE DISCUSSION OF THE EXECUTIVE DIRECTOR'S COMPENSATION WAS DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WERE NOT MADE AVAILABLE FOR PUBLIC INSPECTION. FORM 990 AND FORM 1023 ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4-5,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0568839
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04901 VIRGINIAN LANE
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
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IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0BEDSFORKIDS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL FOGARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09804221192
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEDS FOR KIDS INC
ReturnHeader/Filer/BusinessNameControlTxt0BEDS
ReturnHeader/Filer/EIN0274153074
ReturnHeader/Filer/PhoneNum09804221192
ReturnHeader/Filer/USAddress/AddressLine1Txt01800 CAMDEN RD STE 107-17
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$577,841
Liabilities
$43,124
Net assets
$534,717
Revenue
$1,378,123
Expenses
$1,412,245
Net income
-$34,122
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.49$1.88$2.90$2.85$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.49$0.66$1.82$3.09$1.92$1.17
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.36$0.65$1.48$1.50$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.01$0.69$1.44$1.34$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$1.43$1.33$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.04$0.48$1.74$1.59$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.04$0.33$1.67$1.71$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.09$0.36$1.71$1.88$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.04$0.53$1.38$1.41$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.01$0.57$1.56$1.38$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.74$0.60$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.52$0.42$0.10