Civic Intelligence

Gmc Foundation Inc.

990 • Fiscal year 2018 • EIN 31-1581087

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 22, 2019

Organization ProfileN/A
250 Newark AvenueJersey City, NJ 07302

(201) 333-2500

Siviq Scores

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

Liabilities / Assets

50th percentile

0.01x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.02x

Higher debt load relative to revenue than 56% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Source year 2018

Net Margin

90th percentile

68%

Higher net margin than 90% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE X • $500k-$1M nonprofits • Source year 2018

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

37%

Faster revenue growth than 79% of similar nonprofits.

2018 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$502,643

Up $51,915 (+12%) from 2017

Net Assets

Up

$497,631

Up $46,903 (+10%) from 2017

Liabilities

Up

$5,012

Up $5,012 from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin90th percentile

Revenue

Up

$253,719

Up $68,367 (+37%) from 2017

Expenses

Down

$82,005

Down $18,660 (-19%) from 2017

Net Income

Up

$171,714

Up $87,027 (+103%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $333,397Liabilities 2014: -$76,559Net Assets 2014: $409,9562014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $366,043Liabilities 2016: $0Net Assets 2016: $366,0432016Assets 2017: $450,728Liabilities 2017: $0Net Assets 2017: $450,7282017Assets 2018: $502,643Liabilities 2018: $5,012Net Assets 2018: $497,6312018Assets 2019: $459,618Liabilities 2019: $4,899Net Assets 2019: $454,7192019Assets 2020: $1,630,694Liabilities 2020: $6,465Net Assets 2020: $1,624,2292020Assets 2021: $1,917,567Liabilities 2021: $2,643Net Assets 2021: $1,914,9242021Assets 2022: $2,135,189Liabilities 2022: $0Net Assets 2022: $2,135,1892022Assets 2023: $2,343,287Liabilities 2023: $0Net Assets 2023: $2,343,2872023Assets 2024: $2,502,042Liabilities 2024: $1,886Net Assets 2024: $2,500,1562024

Highlighted filing

2018

Assets$502,643
Liabilities$5,012
Net Assets$497,631
Open 2018 Filing

Operations Trend

Revenue Growth79th percentile

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

$1.5M$1.0M$500K$0Revenue 2014: $177,514Expenses 2014: $82,753Net Income 2014: $94,7612014Revenue 2015: $176,334Expenses 2015: $116,018Net Income 2015: $60,3162015Revenue 2016: $156,512Expenses 2016: $74,962Net Income 2016: $81,5502016Revenue 2017: $185,352Expenses 2017: $100,665Net Income 2017: $84,6872017Revenue 2018: $253,719Expenses 2018: $82,005Net Income 2018: $171,7142018Revenue 2019: $253,581Expenses 2019: $146,493Net Income 2019: $107,0882019Revenue 2020: $1,063,252Expenses 2020: $110,823Net Income 2020: $952,4292020Revenue 2021: $664,248Expenses 2021: $130,402Net Income 2021: $533,8462021Revenue 2022: $371,198Expenses 2022: $150,933Net Income 2022: $220,2652022Revenue 2023: $350,591Expenses 2023: $143,730Net Income 2023: $206,8612023Revenue 2024: $325,182Expenses 2024: $167,077Net Income 2024: $158,1052024

Highlighted filing

2018

Revenue$253,719
Expenses$82,005
Net Income$171,714
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 22, 2019
Return Version
2018v3.1
Gross Receipts
$337,632
Mission and Program Overview

Mission

To establish and maintain place of worship

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$170,058$221,973▲ $51,915
Other Notes and Loans Receivable, Net$150,000$150,000→ $0
Land, Buildings, and Equipment, Net$130,670$130,670→ $0
Total Assets$450,728$502,643▲ $51,915
Liabilities
Accounts Payable and Accrued Expenses-$5,012-
Total Liabilities$0$5,012▲ $5,012
Net Assets / Fund Balance
Unrestricted Net Assets$450,728$497,631▲ $46,903
Total Net Assets Fund Balance$450,728$497,631▲ $46,903
Total Liabilities and Net Assets / Fund Balance$450,728$502,643▲ $51,915

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$72,000-$72,000
Leasehold Improvements$58,670-$58,670
Land$0--
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Abdul R ChaudhryTrustee
Muhammad R ChaudhryTrustee
Muhammad S ChaudhryTrustee
Muhmmad L ShahidTrustee
Mukhtar a ChaudhryTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$253,719
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$253,719
Change in Net Assets
$171,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,005
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$53,284$0$0$53,284
Total Functional Expenses$82,005$0$0$82,005
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
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
No
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
Filing and Contact Details

Filer

Filer Name
Gmc Foundation Inc
EIN
31-1581087
Phone
2013332500
Address
250 NEWARK AVENUE, JERSEY CITY, NJ 07302

Signing Officer

Name
Muhammad L Shahid
Title
Member
Phone
2013332500
Signed
2019-08-22
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
Sheth Tax Inc
Address
780 Newark Ave Suite 202, Jersey City, NJ 07306
Preparer
Kunj Sheth CPA
Phone
2014201100
Supplemental Narrative

Additional Explanations

Pt VI, Line 8A

“NO”

Pt VI, Line 8B

“NO”

Pt VI, Line 11B

“Discuss in meeting with trustees”

Pt VI, Line 12C

“Review books and record monthly”

Form 990, Part IX, Line 24E

“Dues & subcription 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Insurance 1823. 1823. 0. 0.”

Form 990, Part IX, Line 24E

“Outside help 18000. 18000. 0. 0.”

Form 990, Part IX, Line 24E

“Utility 14733. 14733. 0. 0.”

Form 990, Part IX, Line 24E

“Advetising 1800. 1800. 0. 0.”

Form 990, Part IX, Line 24E

“Fundrasing expense 3033. 3033. 0. 0.”

Form 990, Part IX, Line 24E

“Repair & maintenance 946. 946. 0. 0.”

Form 990, Part IX, Line 24E

“Office expense 4. 4. 0. 0.”

Form 990, Part IX, Line 24E

“Printing & stationery 606. 606. 0. 0.”

Form 990, Part IX, Line 24E

“Payroll expenses 806. 806. 0. 0.”

Form 990, Part IX, Line 24E

“ROUNDING 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Website development 216. 216. 0. 0.”

Form 990, Part IX, Line 24E

“Legal fees 3000. 3000. 0. 0.”

Form 990, Part IX, Line 24E

“Accounting fee 1200. 1200. 0. 0.”

Form 990, Part IX, Line 24E

“Salary & wages 7117. 7117. 0. 0.”

Raw XML Appendix337 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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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0450728
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0502643
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0450728
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0497631
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0352 MERCER ST
IRS990/USAddress/CityNm0JERSEY CITY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007306
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MUHAMMAD L SHAHID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum02013332500
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GMC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GMCF
ReturnHeader/Filer/EIN0311581087
ReturnHeader/Filer/PhoneNum02013332500
ReturnHeader/Filer/USAddress/AddressLine1Txt0250 NEWARK AVENUE
ReturnHeader/Filer/USAddress/CityNm0JERSEY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007302
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CC9E4A34803B000BCAB05F7DB545C3EAF855B6FD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CC9E4A34803B000BCAB05F7DB545C3EAF855B6FD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.63.138.236
ReturnHeader/FilingSecurityInformation/IPDt02019-08-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm009:21:20
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sheth Tax Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0780 Newark Ave Suite 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jersey City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007306
ReturnHeader/PreparerPersonGrp/PhoneNum02014201100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KUNJ SHETH CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-08-26T09:21:24-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$502,643
Liabilities
$5,012
Net assets
$497,631
Revenue
$253,719
Expenses
$82,005
Net income
$171,714
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$0.33$0.17$0.16
2023Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.35$0.14$0.21
2022Detailed filing. Detailed filing data is available for this year.$2.14$0.00$2.14$0.37$0.15$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.91$0.66$0.13$0.53
2020Detailed filing. Detailed filing data is available for this year.$1.63$0.01$1.62$1.06$0.11$0.95
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.45$0.25$0.15$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.01$0.50$0.25$0.08$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.19$0.10$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.16$0.07$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.18$0.12$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.08$0.41$0.18$0.08$0.09