Civic Intelligence

Gmc Foundation Inc.

990 • Fiscal year 2020 • EIN 31-1581087

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 25, 2021

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

37th percentile

0.00x

Higher debt load relative to assets than 37% of similar nonprofits.

2020 filings • NTEE X • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • NTEE X • $1M-$5M nonprofits • Source year 2020

Net Margin

95th percentile

90%

Higher net margin than 95% of similar nonprofits.

2020 filings • NTEE X • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2020 filings • NTEE X • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

255%

Faster asset growth than 95% of similar nonprofits.

2020 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

319%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$1,630,694

Up $1,171,076 (+255%) from 2019

Net Assets

Up

$1,624,229

Up $1,169,510 (+257%) from 2019

Liabilities

Up

$6,465

Up $1,566 (+32%) from 2019

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin95th percentile

Revenue

Up

$1,063,252

Up $809,671 (+319%) from 2019

Expenses

Down

$110,823

Down $35,670 (-24%) from 2019

Net Income

Up

$952,429

Up $845,341 (+789%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2020

Assets$1,630,694
Liabilities$6,465
Net Assets$1,624,229
Open 2020 Filing

Operations Trend

Revenue Growth97th 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

2020

Revenue$1,063,252
Expenses$110,823
Net Income$952,429
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 25, 2021
Return Version
2020v4.1
Gross Receipts
$1,297,732
Mission and Program Overview

Mission

To establish and maintain place of worship

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$0$629,151▲ $629,151
Land, Buildings, and Equipment, Net$243,152$522,045▲ $278,893
Cash and Non-Interest-Bearing Accounts$216,466$479,498▲ $263,032
Total Assets$459,618$1,630,694▲ $1,171,076
Liabilities
Accounts Payable and Accrued Expenses$4,899$6,465▲ $1,566
Total Liabilities$4,899$6,465▲ $1,566
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$454,719$1,624,229▲ $1,169,510
Total Net Assets Fund Balance$454,719$1,624,229▲ $1,169,510
Total Liabilities and Net Assets / Fund Balance$459,618$1,630,694▲ $1,171,076

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$450,045$6,218$456,263
Buildings$72,000-$72,000
Land$0--
Compensation and Service Providers
Top Officer Pay56th 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
$270,822
Program Service Revenue
$0
Investment Income
$766,202
Other Revenue
$26,228
Change in Net Assets
$952,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,823
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$87,953$0$0$87,953
Depreciation Depletion$8,283$0$0$8,283
Total Functional Expenses$110,823$0$0$110,823
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
2021-03-25
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
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 6505. 6505. 0. 0.”

Form 990, Part IX, Line 24E

“Outside help 18000. 18000. 0. 0.”

Form 990, Part IX, Line 24E

“Utility 13003. 13003. 0. 0.”

Form 990, Part IX, Line 24E

“Advetising 1800. 1800. 0. 0.”

Form 990, Part IX, Line 24E

“Fundrasing expense 2595. 2595. 0. 0.”

Form 990, Part IX, Line 24E

“Repair & maintenance 262. 262. 0. 0.”

Form 990, Part IX, Line 24E

“Printing & stationery 293. 293. 0. 0.”

Form 990, Part IX, Line 24E

“Payroll expenses 3899. 3899. 0. 0.”

Form 990, Part IX, Line 24E

“ROUNDING 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Website development 236. 236. 0. 0.”

Form 990, Part IX, Line 24E

“Accounting fee 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Salary & wages 37200. 37200. 0. 0.”

Form 990, Part IX, Line 24E

“Miscellaneous 4160. 4160. 0. 0.”

Raw XML Appendix341 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/TotalLiabilitiesGrp/EOYAmt06465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0454719
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01624229
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0110823
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0792430
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01063252
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0459618
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01630694
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MUHAMMAD L SHAHID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum02013332500
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-25
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/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/PreparerPersonNm0KUNJ SHETH
ReturnHeader/ReturnTs02021-06-24T10:57:25-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MUHAMMAD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHAHID
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,630,694
Liabilities
$6,465
Net assets
$1,624,229
Revenue
$1,063,252
Expenses
$110,823
Net income
$952,429
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