Civic Intelligence

Gmc Foundation Inc.

990 • Fiscal year 2023 • EIN 31-1581087

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2023

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

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE X • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE X • $1M-$5M nonprofits • Source year 2023

Net Margin

84th percentile

59%

Higher net margin than 84% of similar nonprofits.

2023 filings • NTEE X • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$0

Higher top officer pay than 60% of similar nonprofits.

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

2023 filings • NTEE X • $1M-$5M nonprofits • Source year 2023

Asset Growth

61st percentile

9.7%

Faster asset growth than 61% of similar nonprofits.

2023 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-5.6%

Faster revenue growth than 32% of similar nonprofits.

2023 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$2,343,287

Up $208,098 (+9.7%) from 2022

Net Assets

Up

$2,343,287

Up $208,098 (+9.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin84th percentile

Revenue

Down

$350,591

Down $20,607 (-5.6%) from 2022

Expenses

Down

$143,730

Down $7,203 (-4.8%) from 2022

Net Income

Down

$206,861

Down $13,404 (-6.1%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2023

Assets$2,343,287
Liabilities$0
Net Assets$2,343,287
Open 2023 Filing

Operations Trend

Revenue Growth32nd 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

2023

Revenue$350,591
Expenses$143,730
Net Income$206,861
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2023
Return Version
2023v5.1
Gross Receipts
$350,591
Mission and Program Overview

Mission

To establish and maintain place of worship

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,848,896$2,008,896▲ $160,000
Cash and Non-Interest-Bearing Accounts$254,494$302,592▲ $48,098
Other Notes and Loans Receivable, Net$31,799$31,799→ $0
Total Assets$2,135,189$2,343,287▲ $208,098
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,135,189$2,343,287▲ $208,098
Total Net Assets Fund Balance$2,135,189$2,343,287▲ $208,098
Total Liabilities and Net Assets / Fund Balance$2,135,189$2,343,287▲ $208,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,008,896-$2,008,896
Land$0--
Compensation and Service Providers
Top Officer Pay60th 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
$350,591
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$350,591
Change in Net Assets
$206,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,730
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$110,545$0$0$110,545
Other Expenses$636$0$0$636
Total Functional Expenses$143,730$0$0$143,730
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
2023-11-12
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
3285 John F Kennedy Blvd Fl 2, Jersey City, NJ 07307
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 12194. 12194. 0. 0.”

Form 990, Part IX, Line 24E

“Outside help 20000. 20000. 0. 0.”

Form 990, Part IX, Line 24E

“Utility 17811. 17811. 0. 0.”

Form 990, Part IX, Line 24E

“Advertising 7400. 7400. 0. 0.”

Form 990, Part IX, Line 24E

“Fundrasing expense 2018. 2018. 0. 0.”

Form 990, Part IX, Line 24E

“Repair & maintenance 81. 81. 0. 0.”

Form 990, Part IX, Line 24E

“Payroll expenses 4664. 4664. 0. 0.”

Form 990, Part IX, Line 24E

“Accounting fee 1500. 1500. 0. 0.”

Form 990, Part IX, Line 24E

“Salary & wages 42000. 42000. 0. 0.”

Form 990, Part IX, Line 24E

“GIFTS 2877. 2877. 0. 0.”

Raw XML Appendix310 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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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832491626
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sheth Tax Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03285 John F Kennedy Blvd Fl 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jersey City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007307
ReturnHeader/PreparerPersonGrp/PhoneNum02014201100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KUNJ SHETH
ReturnHeader/ReturnTs02024-11-12T11:42:23-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,343,287
Liabilities
$0
Net assets
$2,343,287
Revenue
$350,591
Expenses
$143,730
Net income
$206,861
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