Civic Intelligence

Gmc Foundation Inc.

990 • Fiscal year 2019 • EIN 31-1581087

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 14, 2020

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

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • NTEE X • <$500k nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.02x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • NTEE X • <$500k nonprofits • Source year 2019

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

2019 filings • NTEE X • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • NTEE X • <$500k nonprofits • Source year 2019

Asset Growth

31st percentile

-8.6%

Faster asset growth than 31% of similar nonprofits.

2019 filings • NTEE X • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

-0.1%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • NTEE X • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$459,618

Down $43,025 (-8.6%) from 2018

Net Assets

Down

$454,719

Down $42,912 (-8.6%) from 2018

Liabilities

Down

$4,899

Down $113 (-2.3%) from 2018

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin87th percentile

Revenue

Down

$253,581

Down $138 (-0.1%) from 2018

Expenses

Up

$146,493

Up $64,488 (+79%) from 2018

Net Income

Down

$107,088

Down $64,626 (-38%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2019

Assets$459,618
Liabilities$4,899
Net Assets$454,719
Open 2019 Filing

Operations Trend

Revenue Growth47th 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

2019

Revenue$253,581
Expenses$146,493
Net Income$107,088
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 14, 2020
Return Version
2019v5.1
Gross Receipts
$276,114
Mission and Program Overview

Mission

To establish and maintain place of worship

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$130,670$243,152▲ $112,482
Cash and Non-Interest-Bearing Accounts$221,973$216,466▼ $5,507
Other Notes and Loans Receivable, Net$150,000$0▼ $150,000
Total Assets$502,643$459,618▼ $43,025
Liabilities
Accounts Payable and Accrued Expenses$5,012$4,899▼ $113
Total Liabilities$5,012$4,899▼ $113
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$497,631$454,719▼ $42,912
Total Net Assets Fund Balance$497,631$454,719▼ $42,912
Total Liabilities and Net Assets / Fund Balance$502,643$459,618▼ $43,025

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$171,152$6,218$177,370
Buildings$72,000-$72,000
Land$0--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$223,161
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$30,420
All Other Contributions
$223,161
Change in Net Assets
$107,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,493
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$114,587$0$0$114,587
Depreciation Depletion$6,218$0$0$6,218
Total Functional Expenses$146,493$0$0$146,493
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 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
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
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
2
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

“Insurance 4201. 4201. 0. 0.”

Form 990, Part IX, Line 24E

“Outside help 18000. 18000. 0. 0.”

Form 990, Part IX, Line 24E

“Utility 21466. 21466. 0. 0.”

Form 990, Part IX, Line 24E

“Advetising 1800. 1800. 0. 0.”

Form 990, Part IX, Line 24E

“Fundrasing expense 3255. 3255. 0. 0.”

Form 990, Part IX, Line 24E

“Repair & maintenance 3738. 3738. 0. 0.”

Form 990, Part IX, Line 24E

“Printing & stationery 372. 372. 0. 0.”

Form 990, Part IX, Line 24E

“Payroll expenses 3858. 3858. 0. 0.”

Form 990, Part IX, Line 24E

“ROUNDING 1. 1. 0. 0.”

Form 990, Part IX, Line 24E

“Website development 236. 236. 0. 0.”

Form 990, Part IX, Line 24E

“Legal fees 12620. 12620. 0. 0.”

Form 990, Part IX, Line 24E

“Accounting fee 1500. 1500. 0. 0.”

Form 990, Part IX, Line 24E

“Salary & wages 38450. 38450. 0. 0.”

Form 990, Part IX, Line 24E

“Contribution 5090. 5090. 0. 0.”

Raw XML Appendix338 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/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030420
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253581
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0502643
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0459618
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0250 NEWARK AVE
IRS990/USAddress/CityNm0JERSEY CITY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007302
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MUHAMMAD L SHAHID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum02013332500
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-14
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
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.63.138.236
ReturnHeader/FilingSecurityInformation/IPDt02020-10-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:54:47
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sheth Tax Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0780 Newark Ave Suite 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jersey City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerPersonGrp/PhoneNum02014201100
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KUNJ SHETH CPA
ReturnHeader/ReturnTs02020-10-27T11:54:53-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$459,618
Liabilities
$4,899
Net assets
$454,719
Revenue
$253,581
Expenses
$146,493
Net income
$107,088
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