Civic Intelligence

Beds for Kids Inc.

990 • Fiscal year 2017 • EIN 27-4153074

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

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

53rd percentile

0.19x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.05x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Source year 2017

Net Margin

14th percentile

-10.0%

Higher net margin than 14% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$66,464

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2017 filings • NTEE P • $1M-$5M nonprofits • Source year 2017

Asset Growth

4th percentile

-22%

Faster asset growth than 4% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

79th percentile

24%

Faster revenue growth than 79% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$450,597

Down $127,244 (-22%) from 2016

Net Assets

Down

$364,699

Down $170,018 (-32%) from 2016

Liabilities

Up

$85,898

Up $42,774 (+99%) from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin14th percentile

Revenue

Up

$1,706,713

Up $328,590 (+24%) from 2016

Expenses

Up

$1,876,731

Up $464,486 (+33%) from 2016

Net Income

Down

-$170,018

Down $135,896 (-398%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2017

Assets$450,597
Liabilities$85,898
Net Assets$364,699
Open 2017 Filing

Operations Trend

Revenue Growth79th 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

2017

Revenue$1,706,713
Expenses$1,876,731
Net Income-$170,018
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.3
Gross Receipts
$1,711,819
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$265,488$170,020▼ $95,468
Cash and Non-Interest-Bearing Accounts$137,009$104,950▼ $32,059
Land, Buildings, and Equipment, Net$77,330$99,390▲ $22,060
Inventories for Sale or Use$98,014$74,082▼ $23,932
Total Assets$577,841$450,597▼ $127,244
Other Assets Total-$2,155-
Liabilities
Other Liabilities$32,285$74,831▲ $42,546
Accounts Payable and Accrued Expenses$10,839$11,067▲ $228
Total Liabilities$43,124$85,898▲ $42,774
Net Assets / Fund Balance
Unrestricted Net Assets$534,717$364,699▼ $170,018
Total Net Assets Fund Balance$534,717$364,699▼ $170,018
Total Liabilities and Net Assets / Fund Balance$577,841$450,597▼ $127,244

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$50,863$31,906$82,769
Equipment$40,536$18,254$58,790
Other Land Buildings$7,991$32,281$40,272
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel FogartyExecutive DiFT$66,464$66,464

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,636,235
Program Service Revenue
$0
Investment Income
$2,297
Other Revenue
$68,181
All Other Contributions
$1,636,235
Change in Net Assets
$-170,018

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$1,042,159Comparable Sales
Total Noncash Contributions$1,042,159-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,417,924
Salaries, Compensation, and Employee Benefits$458,807
Total Fundraising Expense$443,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising--$399,545$399,545
Other Salaries and Wages$273,033$45,202$9,486$327,721
Occupancy$179,479$11,333-$190,812
Current Officers, Directors, Trustees, and Key Employees$39,879$6,646$19,939$66,464
Other Employee Benefits$30,007$1,220$1,447$32,674
Payroll Taxes$25,437$4,193$2,318$31,948
Depreciation Depletion$23,373--$23,373
Insurance$10,115$11,433$63$21,611
All Other Expenses$7,413$7,757-$15,170
Fees for Services Other$13,706--$13,706
Other Expenses$16,669$4,869$8,300$8,300
Office Expenses-$2,656$2,174$4,830
Fees for Services Accounting-$2,520-$2,520
Information Technology$2,280--$2,280
Conferences and Meetings-$511-$511
Total Functional Expenses$1,335,119$98,340$443,272$1,876,731
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
Afs Mattress Liability$74,145
Credit Card Liabilities$686
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
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Fogarty
Formed
2010
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
12
Volunteers
2,000

Preparer

Firm
Bgw CPA Pllc
Address
1616 CAMDEN RD STE 510, CHARLOTTE, NC 28203-4756
Preparer
Rebecca J Cole
Phone
7045520553
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0891
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IRS990ScheduleA/PublicSupportPY170Pct00.93970
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD LIABILITIES
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IRS990ScheduleD/TotalLiabilityAmt074831
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0COMPARABLE SALES
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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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01335119
IRS990/TotalFunctionalExpensesGrp/TotalAmt01876731
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IRS990/WhistleblowerPolicyInd0true
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL FOGARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09804221192
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
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ReturnHeader/FilingSecurityInformation/IPTm009:15:41
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$450,597
Liabilities
$85,898
Net assets
$364,699
Revenue
$1,706,713
Expenses
$1,876,731
Net income
-$170,018
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