Civic Intelligence

MC Foundation Inc

990 • Fiscal year 2015 • EIN 27-4432543

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 10, 2016

Organization ProfileWWW.MCFOUNDATIONINC.COM
PO Box 54537Atlanta, GA 30308-0537

(678) 249-9033

Siviq Scores

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

Liabilities / Assets

60th percentile

0.10x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

42nd percentile

0.02x

Higher debt load relative to revenue than 42% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

55th percentile

5.1%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

55th percentile

$24,000

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

84th percentile

30%

Faster asset growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

-20%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$173,358

Up $40,117 (+30%) from 2014

Net Assets

Up

$155,769

Up $38,528 (+33%) from 2014

Liabilities

Up

$17,589

Up $1,589 (+9.9%) from 2014

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin55th percentile

Revenue

Down

$851,037

Down $215,718 (-20%) from 2014

Expenses

Down

$807,858

Down $241,298 (-23%) from 2014

Net Income

Up

$43,179

Up $25,580 (+145%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$300K$200K$100K$0Assets 2011: $67,438Liabilities 2011: $0Net Assets 2011: $67,4382011Assets 2012: $91,397Liabilities 2012: $0Net Assets 2012: $91,3972012Assets 2014: $133,241Liabilities 2014: $16,000Net Assets 2014: $117,2412014Assets 2015: $173,358Liabilities 2015: $17,589Net Assets 2015: $155,7692015Assets 2016: $161,098Liabilities 2016: $58,893Net Assets 2016: $102,2052016Assets 2017: $130,500Liabilities 2017: $121,520Net Assets 2017: $8,9802017Assets 2018: $225,772Liabilities 2018: $111,945Net Assets 2018: $113,8272018Assets 2019: $267,818Liabilities 2019: $110,641Net Assets 2019: $157,1772019Assets 2020: $88,159Liabilities 2020: $74,570Net Assets 2020: $13,5892020

Highlighted filing

2015

Assets$173,358
Liabilities$17,589
Net Assets$155,769
Open 2015 Filing

Operations Trend

Revenue Growth16th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,185,3412011Expenses 2012: $1,395,9472012Revenue 2014: $1,066,755Expenses 2014: $1,049,156Net Income 2014: $17,5992014Revenue 2015: $851,037Expenses 2015: $807,858Net Income 2015: $43,1792015Revenue 2016: $893,750Expenses 2016: $947,314Net Income 2016: -$53,5642016Revenue 2017: $1,087,769Expenses 2017: $1,127,904Net Income 2017: -$40,1352017Revenue 2018: $1,045,888Expenses 2018: $903,096Net Income 2018: $142,7922018Revenue 2019: $925,788Expenses 2019: $882,438Net Income 2019: $43,3502019Revenue 2020: $105,179Expenses 2020: $264,767Net Income 2020: -$159,5882020

Highlighted filing

2015

Revenue$851,037
Expenses$807,858
Net Income$43,179
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 10, 2016
Return Version
2015v2.1
Gross Receipts
$851,037
Mission and Program Overview

Mission

Spreading the good news of the gospel of jesus christ in venues outside the walls of the churches is the mission of the mc foundation, inc. Youth and young adults who participate in master's commission christial leadership and mission training around the country have an opportunity with the mc foundation, inc. To reach people for christ at various sporting events, corporate dinners, large corporate events and other secular events. These youth and young adults volunteer at these events to share the gospel of jesus christ.

Spreading the good news of the gospel of jesus christ in venues outside the walls of the churches is the mission of the mc foundation, inc. Youth and young adults who participate in master's commision christian leadership and mission training around the country have an opportunity with the mc foundation, inc. To reach people for christ at various sporting events, corporate dinners, large corporate events and other secular events. These youth and young adults volunteer at these events to share the gospel of jesus christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$99,910$142,336▲ $42,426
Accounts Receivable$30,171$4,496▼ $25,675
Land, Buildings, and Equipment, Net$3,160$2,492▼ $668
Total Assets$133,241$173,358▲ $40,117
Other Assets Total$0$24,034▲ $24,034
Liabilities
Unsecured Notes Loans Payable$16,000$16,000→ $0
Accounts Payable and Accrued Expenses-$1,589-
Total Liabilities$16,000$17,589▲ $1,589
Net Assets / Fund Balance
Unrestricted Net Assets$117,241$155,769▲ $38,528
Total Net Assets Fund Balance$117,241$155,769▲ $38,528
Total Liabilities and Net Assets / Fund Balance$133,241$173,358▲ $40,117

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,492$4,459$6,951
Other Assets Org$227--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel PalmerPresidentPT$24,000$24,000

Board Members and Trustees

NameTitle
Hayes FreemanDirector
Paul PalmerDirector
Robby AndersonSecretary
Mike GoldstoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$851,037
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$43,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$591,727
Salaries, Compensation, and Employee Benefits$175,308
Grants and Similar Amounts Paid$40,823
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$481,890--$481,890
Other Salaries and Wages$138,588--$138,588
Travel$79,312--$79,312
Grants to Domestic Orgs$31,815--$31,815
Current Officers, Directors, Trustees, and Key Employees$24,000--$24,000
Payroll Taxes$12,720--$12,720
Grants to Domestic Individuals$9,008--$9,008
Insurance-$5,806-$5,806
Office Expenses-$2,781-$2,781
Fees for Services Accounting-$2,385-$2,385
Advertising$2,372--$2,372
Conferences and Meetings-$1,600-$1,600
Information Technology-$1,360-$1,360
All Other Expenses$834--$834
Other Expenses$708--$708
Depreciation Depletion-$668-$668
Total Functional Expenses$793,258$14,600$0$807,858
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atlanta School of MinistryAtlanta, GA501(c)(3)TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE.$21,224
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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, Part VI, Section A, Line 2

“Daniel palmer, president; paul palmer, director, are father and son.”

Form 990, Part VI, Section B, Line 11

“The governing body reviews the form 990.”

Form 990, Part VI, Section B, Line 12C

“Any director, officer, or key employee who has an interest in a contract or other transaction presented to the board or a committee thereof for authorization, approval, or ratification shall make a prompt and full disclosure of his interest to the board or committee prior to its acting on such contract or transaction. The body to which such disclosure is made shall thereupon determine, by a vote of seventy-five percent (75%) of the votes entitled to vote, whether the disclosure shows that a conflict of interest exists or can reasonably by construed to exist.”

Form 990, Part VI, Section B, Line 15

“Compensation process for top official, officers, and key employees policy in place.”

Form 990, Part VI, Section C, Line 18

“Form 990 will be made available upon request and within a reasonable period of time.”

Form 990, Part VI, Section C, Line 19

“Governing documents will be made available upon request and within a reasonable period of time.”

Filing and Contact Details

Filer

Filer Name
Mc Foundation Inc
EIN
27-4432543
Phone
6782499033
Address
PO BOX 54537, ATLANTA, GA 30308-0537

Signing Officer

Name
Daniel Palmer
Title
President
Phone
6782499033
Signed
2016-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Palmer
Formed
2010
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
150

Preparer

Firm
Kemper CPA Group Llp
Address
726 WASHINGTON ST SUITE 200, COLUMBUS, IN 47201-1912
Preparer
John R Bushouse CPA
Phone
8123763061
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Payroll processing fees: program service expenses 2,662. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,662. Group event payouts atlanta: program service expenses 20,763. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,763. Group event payouts national: program service expenses 425,084. Management and general expenses 0. Fundraising expenses 0. Total expenses 425,084. Outside contractors - 1099: program service expenses 33,381. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,381.”

Raw XML Appendix371 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/TotalSupportCalendarYearGrp/TotalAmt05529040
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02492
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04459
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06951
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023807
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1227
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNDEPOSITED FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02492
IRS990ScheduleD/TotalBookValueOtherAssetsAmt024034
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt021224
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ATLANTA SCHOOL OF MINISTRY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0652 ANGIER AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030308
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DANIEL PALMER, PRESIDENT; PAUL PALMER, DIRECTOR, ARE FATHER AND SON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY REVIEWS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE WHO HAS AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL MAKE A PROMPT AND FULL DISCLOSURE OF HIS INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. THE BODY TO WHICH SUCH DISCLOSURE IS MADE SHALL THEREUPON DETERMINE, BY A VOTE OF SEVENTY-FIVE PERCENT (75%) OF THE VOTES ENTITLED TO VOTE, WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTEREST EXISTS OR CAN REASONABLY BY CONSTRUED TO EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS FOR TOP OFFICIAL, OFFICERS, AND KEY EMPLOYEES POLICY IN PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 WILL BE MADE AVAILABLE UPON REQUEST AND WITHIN A REASONABLE PERIOD OF TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST AND WITHIN A REASONABLE PERIOD OF TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 2,662. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,662. GROUP EVENT PAYOUTS ATLANTA: PROGRAM SERVICE EXPENSES 20,763. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,763. GROUP EVENT PAYOUTS NATIONAL: PROGRAM SERVICE EXPENSES 425,084. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 425,084. OUTSIDE CONTRACTORS - 1099: PROGRAM SERVICE EXPENSES 33,381. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,381.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0133241
IRS990/TotalAssetsEOYAmt0173358
IRS990/TotalAssetsGrp/BOYAmt0133241
IRS990/TotalAssetsGrp/EOYAmt0173358
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014600
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0793258
IRS990/TotalFunctionalExpensesGrp/TotalAmt0807858
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016000
IRS990/TotalLiabilitiesEOYAmt017589
IRS990/TotalLiabilitiesGrp/BOYAmt016000
IRS990/TotalLiabilitiesGrp/EOYAmt017589
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0117241
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0155769
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0793258
IRS990/TotalProgramServiceRevenueAmt0851037
IRS990/TotalReportableCompFromOrgAmt024000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0851037
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0851037
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0133241
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0173358
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt079312
IRS990/TravelGrp/TotalAmt079312
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0117241
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0155769
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt016000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt016000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0723 WAVELAND DRIVE
IRS990/USAddress/CityNm0WOODSTOCK
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030189
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MCFOUNDATIONINC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL PALMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06782499033
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MCFO
ReturnHeader/Filer/EIN0274432543
ReturnHeader/Filer/PhoneNum06782499033
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 54537
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd0303080537
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0370818432
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEMPER CPA GROUP LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0726 WASHINGTON ST SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0472011912
ReturnHeader/PreparerPersonGrp/PhoneNum08123763061
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN R BUSHOUSE CPA
ReturnHeader/ReturnTs02016-10-27T13:04:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$173,358
Liabilities
$17,589
Net assets
$155,769
Revenue
$851,037
Expenses
$807,858
Net income
$43,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.07$0.01$0.11$0.26$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.11$0.16$0.93$0.88$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.11$0.11$1.05$0.90$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.12$0.01$1.09$1.13$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.06$0.10$0.89$0.95$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.02$0.16$0.85$0.81$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.02$0.12$1.07$1.05$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$1.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$1.19