Civic Intelligence

Beds for Kids Inc.

990 • Fiscal year 2019 • EIN 27-4153074

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 09, 2020

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

41st percentile

0.08x

Higher debt load relative to assets than 41% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.02x

Higher debt load relative to revenue than 23% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

8.9%

Higher net margin than 69% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

30th percentile

$43,819

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • NTEE P • $1M-$5M nonprofits • Source year 2019

Asset Growth

87th percentile

41%

Faster asset growth than 87% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

4.1%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$526,406

Up $154,374 (+41%) from 2018

Net Assets

Up

$483,946

Up $154,869 (+47%) from 2018

Liabilities

Down

$42,460

Down $495 (-1.2%) from 2018

Revenue

Up

$1,744,085

Up $69,129 (+4.1%) from 2018

Expenses

Down

$1,589,216

Down $121,362 (-7.1%) from 2018

Net Income

Up

$154,869

Up $190,491 (+535%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$526,406
Liabilities$42,460
Net Assets$483,946

Operations Trend

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

2019

Revenue$1,744,085
Expenses$1,589,216
Net Income$154,869
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 9, 2020
Return Version
2019v5.0
Gross Receipts
$1,744,603
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$136,834$204,088▲ $67,254
Land, Buildings, and Equipment, Net$83,271$137,263▲ $53,992
Cash and Non-Interest-Bearing Accounts$52,589$96,528▲ $43,939
Inventories for Sale or Use$95,565$79,065▼ $16,500
Prepaid Expenses and Deferred Charges-$1,078-
Total Assets$372,032$526,406▲ $154,374
Other Assets Total$3,773$8,384▲ $4,611
Liabilities
Other Liabilities$40,431$42,427▲ $1,996
Accounts Payable and Accrued Expenses$2,524$33▼ $2,491
Total Liabilities$42,955$42,460▼ $495
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$329,077$483,946▲ $154,869
Total Net Assets Fund Balance$329,077$483,946▲ $154,869
Total Liabilities and Net Assets / Fund Balance$372,032$526,406▲ $154,374

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$137,263$127,035$264,298
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daniel FogartyExecutive DiFT$43,819$43,819

Board Members and Trustees

NameTitle
Bryant GatrellBoard Chairm
Charlie MaloufBoard Member
Detra Chambers RobinsonBoard Member
Joey AmoakoBoard Member
Paul FinnenBoard Member
Seth FirquinBoard Member
Tony HunterBoard Member
Chad RothertBoard Treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$1,688,589
Program Service Revenue
$0
Investment Income
$2,034
Other Revenue
$53,462
All Other Contributions
$1,688,589
Change in Net Assets
$154,869

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$819,183Comparable Sales
Total Noncash Contributions$819,183-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,186,220
Salaries, Compensation, and Employee Benefits$402,996
Total Fundraising Expense$47,551
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$260,230$28,470$18,854$307,554
Occupancy$126,912$22,269-$149,181
Current Officers, Directors, Trustees, and Key Employees$26,291$4,382$13,146$43,819
Depreciation Depletion$30,387$1,012-$31,399
Payroll Taxes$22,158$2,491$2,316$26,965
Other Employee Benefits$20,374$2,330$1,954$24,658
Insurance$21,725$1,734$64$23,523
Fees for Services Other$12,152$1,496$928$14,576
Office Expenses-$4,164$4,742$8,906
All Other Expenses$3,546$2,061$2,153$7,760
Other Expenses$21,428$4,025-$4,025
Advertising--$3,394$3,394
Information Technology$2,037--$2,037
Conferences and Meetings-$1,982-$1,982
Fees for Services Accounting-$1,575-$1,575
Fees for Services Legal-$41-$41
Total Functional Expenses$1,463,633$78,032$47,551$1,589,216
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$40,162
Credit Card Liabilities$2,265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
Malcolm Graham
Title
Executive Director
Phone
9804221192
Signed
2020-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Malcolm Graham
Formed
2010
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
10
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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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01611387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01636235
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01336910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01520216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07793337
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01003
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0403
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0488
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02946
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0259616
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91320
IRS990ScheduleA/PublicSupportPY170Pct00.93330
IRS990ScheduleA/PublicSupportTotal170Amt07119450
IRS990ScheduleA/SubstantialContributorsTotAmt0673887
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01336910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01520216
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07793337
IRS990ScheduleA/TotalSupportAmt07796283
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127035
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0264298
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040162
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AFS MATTRESS LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0137263
IRS990ScheduleD/TotalLiabilityAmt042427
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0COMPARABLE SALES
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
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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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078032
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01463633
IRS990/TotalFunctionalExpensesGrp/TotalAmt01589216
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042955
IRS990/TotalLiabilitiesEOYAmt042460
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IRS990/TotalLiabilitiesGrp/EOYAmt042460
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0483946
IRS990/TotalProgramServiceExpensesAmt01463633
IRS990/TotalReportableCompFromOrgAmt043819
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01744085
IRS990/TotalVolunteersCnt02000
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0526406
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01800 CAMDEN ROAD STE 107-117
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028203
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0BEDSFORKIDS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MALCOLM GRAHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09804221192
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-09
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
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028203

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