Civic Intelligence

The Sequoyah Fund Inc

990 • Fiscal year 2017 • EIN 31-1619784

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 09, 2018

Organization ProfileWWW.SEQUOYAHFUND.ORG

View Organization Page

PO Box 1200Cherokee, NC 28719

(828) 359-5003

Siviq Scores

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

Liabilities / Assets

49th percentile

0.16x

Higher debt load relative to assets than 49% of similar nonprofits.

2017 filings • NTEE S • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

1.23x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • NTEE S • $5M-$10M nonprofits • Source year 2017

Net Margin

28th percentile

-7.0%

Higher net margin than 28% of similar nonprofits.

2017 filings • NTEE S • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

47th percentile

$114,090

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

22nd percentile

-2.4%

Faster asset growth than 22% of similar nonprofits.

2017 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$6,662,143

Down $165,356 (-2.4%) from 2016

Net Assets

Down

$5,622,787

Down $59,756 (-1.1%) from 2016

Liabilities

Down

$1,039,356

Down $105,600 (-9.2%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin28th percentile

Revenue

Down

$847,774

Down $190,800 (-18%) from 2016

Expenses

Up

$907,530

Up $266,189 (+42%) from 2016

Net Income

Down

-$59,756

Down $456,989 (-115%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$15M$10M$5.0M$0Assets 2015: $6,399,850Liabilities 2015: $1,114,540Net Assets 2015: $5,285,3102015Assets 2016: $6,827,499Liabilities 2016: $1,144,956Net Assets 2016: $5,682,5432016Assets 2017: $6,662,143Liabilities 2017: $1,039,356Net Assets 2017: $5,622,7872017Assets 2018: $7,251,217Liabilities 2018: $974,833Net Assets 2018: $6,276,3842018Assets 2019: $8,029,861Liabilities 2019: $930,877Net Assets 2019: $7,098,9842019Assets 2021: $11,859,875Liabilities 2021: $1,819,441Net Assets 2021: $10,040,4342021Assets 2024: $14,705,671Liabilities 2024: $990,608Net Assets 2024: $13,715,0632024

Highlighted filing

2017

Assets$6,662,143
Liabilities$1,039,356
Net Assets$5,622,787
Open 2017 Filing

Operations Trend

Revenue Growth17th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $1,552,224Expenses 2015: $1,197,816Net Income 2015: $354,4082015Revenue 2016: $1,038,574Expenses 2016: $641,341Net Income 2016: $397,2332016Revenue 2017: $847,774Expenses 2017: $907,530Net Income 2017: -$59,7562017Revenue 2018: $1,575,379Expenses 2018: $931,510Net Income 2018: $643,8692018Revenue 2019: $1,776,825Expenses 2019: $954,225Net Income 2019: $822,6002019Revenue 2021: $2,285,697Expenses 2021: $787,716Net Income 2021: $1,497,9812021Revenue 2024: $4,920,415Expenses 2024: $1,598,257Net Income 2024: $3,322,1582024

Highlighted filing

2017

Revenue$847,774
Expenses$907,530
Net Income-$59,756
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 9, 2018
Return Version
2017v2.3
Gross Receipts
$847,774
Mission and Program Overview

Mission

The organization serves economic and social improvement of the eastern band of cherokee indians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,896,821$4,185,723▲ $288,902
Cash and Non-Interest-Bearing Accounts$2,373,109$1,863,282▼ $509,827
Savings and Temporary Cash Investments$401,548$401,326▼ $222
Accounts Receivable$39,778$100,235▲ $60,457
Receivables From Officers Etc$57,736$49,078▼ $8,658
Receivable From Disqualified Prsn$8,115$17,093▲ $8,978
Land, Buildings, and Equipment, Net$11,031$17,032▲ $6,001
Other Notes and Loans Receivable, Net$24,940$15,408▼ $9,532
Intangible Assets$12,371$10,916▼ $1,455
Inventories for Sale or Use$2,050$2,050→ $0
Total Assets$6,827,499$6,662,143▼ $165,356
Liabilities
Mortgage Notes Payable Secured by Investment Property$954,448$915,227▼ $39,221
Accounts Payable and Accrued Expenses$157,983$78,994▼ $78,989
Other Liabilities$32,525$45,135▲ $12,610
Total Liabilities$1,144,956$1,039,356▼ $105,600
Net Assets / Fund Balance
Unrestricted Net Assets$4,295,600$4,626,500▲ $330,900
Temporarily Rstr Net Assets$1,386,943$996,287▼ $390,656
Total Net Assets Fund Balance$5,682,543$5,622,787▼ $59,756
Total Liabilities and Net Assets / Fund Balance$6,827,499$6,662,143▼ $165,356

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,032$136,402$153,434
Investment Program Related Org$4,185,723--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russ SeagleExecutive DiFT$100,928$13,162$114,090
Emily BreedloveTreasurer-$8,471-$8,471
Edwin R RoseBoard Member-$6,600-$6,600
John L BurgessPresident-$6,600-$6,600
Nathan RobinsonBoard Member-$6,000-$6,000
Richard Sneed SrSecretary-$6,000-$6,000
Yona WadeBoard Member-$6,000-$6,000
Revenue and Support

Revenue Composition

Contributions and Grants
$410,000
Program Service Revenue
$423,858
Investment Income
$182
Other Revenue
$13,734
All Other Contributions
$410,000
Change in Net Assets
$-59,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$847,774
Revenue Not Reported on Form 990
$6,000
Total Revenue per Audited Statements
$853,774
Total Revenue per Form 990
$847,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$578,877
Salaries, Compensation, and Employee Benefits$328,653
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$136,648$17,114-$153,762
Other Salaries and Wages$78,607$53,256-$131,863
Fees for Services Other$83,130$19,996-$103,126
Other Expenses$55,264$24,825-$80,089
Travel$50,032$138-$50,170
Conferences and Meetings$38,850--$38,850
Fees for Services Accounting$32,178$3,920-$36,098
Office Expenses$30,138$1,359-$31,497
Other Employee Benefits$17,095$2,027-$19,122
Payroll Taxes$13,374$4,533-$17,907
Fees for Services Legal$15,271$1,860-$17,131
Advertising$16,046--$16,046
Information Technology$9,955$50-$10,005
Interest$9,544--$9,544
All Other Expenses$9,058--$9,058
Depreciation Depletion$7,689$1,357-$9,046
Pension Plan Contributions$5,449$550-$5,999
Occupancy$4,423$982-$5,405
Insurance$2,107--$2,107
Total Functional Expenses$775,563$131,967$0$907,530

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$913,530
Expenses per Audited Statements$907,530
Total Expenses per Form 990$907,530
Expenses Not Reported on Form 990$6,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$57,736$49,078▼ $8,658
Receivables from Disqualified Persons$8,115$17,093▲ $8,978
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liability$45,135
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Page 6, Part VI, Line 11B

“The return was prepared by an independent accountant with assistance and oversight by management. Following review by the executive director, the return was provided to each current voting board member prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“Board members have a duty to disclose any interests in a transaction involving the organization. Prior to any loan authorization discussion, members are asked whether an interest could exist, and interested members leave the room during discussion. Votes on loans containing a conflict are voted on in the absense of any interested member.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the executive director was determined by the personnel subcommittee and approved by vote of the full board.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, financial statements, and conflict of interest policy are available upon request at the organization's administrative office.”

Filing and Contact Details

Filer

Filer Name
The Sequoyah Fund Inc
EIN
31-1619784
Phone
8283595003
Address
PO BOX 1200, CHEROKEE, NC 28719

Signing Officer

Name
Russ Seagle
Title
Executive Director
Phone
8283595002
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John L Burgess
Formed
1998
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
5
Employees
5
Volunteers
6

Preparer

Firm
Carter P C
Address
16 BILTMORE AVE SUITE 200, ASHEVILLE, NC 28001-3617
Preparer
Rufus W Dollar
Phone
8282599900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional 5,669 691 0 consultants 61,190 7,455 0 contract labor 16,271 11,850 0 total 83,130 19,996 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from federal income taxes under sec 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activites. The organization beleives that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions material to the finanical statements. The organization's return of organization exempt from income tax (form 990) for the years ended december 31, 2014, 2015, and 2016 are subject to examination by the irs, generall for three years after they were filed.”

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IRS990/PayrollTaxesGrp/ProgramServicesAmt013374
IRS990/PayrollTaxesGrp/TotalAmt017907
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0550
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05449
IRS990/PensionPlanContributionsGrp/TotalAmt05999
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHN L BURGESS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1TRAINING PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc3CLIENT TRANING SF
IRS990/ProgramServiceRevenueGrp/Desc4ARTIST CONSIGNMENT PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0266969
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt156238
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt243361
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt329126
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt418649
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0266969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt156238
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243361
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt329126
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418649
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0620000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0893
IRS990/PYOtherExpensesAmt0287666
IRS990/PYOtherRevenueAmt0107234
IRS990/PYProgramServiceRevenueAmt0310447
IRS990/PYRevenuesLessExpensesAmt0397233
IRS990/PYSalariesCompEmpBnftPaidAmt0353675
IRS990/PYTotalExpensesAmt0641341
IRS990/PYTotalRevenueAmt01038574
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt08115
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt017093
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt057736
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt049078
IRS990/ReconcilationRevenueExpnssAmt0-59756
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0360
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0423858
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0401548
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0401326
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 23,736
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0410000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0620000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0162710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02192710
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0832
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0776
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01361
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04044
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0423858
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt013374
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06718
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01772
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0182
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01690
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023736
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98750
IRS990ScheduleA/PublicSupportPY170Pct00.98980
IRS990ScheduleA/PublicSupportTotal170Amt02192710
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0410000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0620000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01000000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0162710
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02192710
IRS990ScheduleA/TotalSupportAmt02220490
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt06000
IRS990ScheduleD/DonatedServicesUseFcltsAmt06000
IRS990ScheduleD/EquipmentGrp/BookValueAmt017032
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0136402
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0153434
IRS990ScheduleD/ExpensesNotReportedAmt06000
IRS990ScheduleD/ExpensesSubtotalAmt0907530
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04185723
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NET BUSINESS LOANS RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt06000
IRS990ScheduleD/RevenueSubtotalAmt0847774
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SEC 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITES. THE ORGANIZATION BELEIVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS MATERIAL TO THE FINANICAL STATEMENTS. THE ORGANIZATION'S RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR THE YEARS ENDED DECEMBER 31, 2014, 2015, AND 2016 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALL FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017032
IRS990ScheduleD/TotalBookValueProgramRltdAmt04185723
IRS990ScheduleD/TotalExpensesPerForm990Amt0907530
IRS990ScheduleD/TotalLiabilityAmt045135
IRS990ScheduleD/TotalRevenuePerForm990Amt0847774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0853774
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0913530
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt045161
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt114279
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt23917
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt32814
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SMALL BUSINESS LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1SMALL BUSINESS LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2SMALL BUSINESS LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3SMALL BUSINESS LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt065000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt116000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt214000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt315150
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DUE FROM JOHN L BURGESS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1DUE FROM FREDRICK BURGESS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2DUE FROM JOHN L BURGESS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3DUE FROM FREDRICK BURGESS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BRD MBR RELATIVE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3BRD MBR RELATIVE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PART II - THE LOANS TO JOHN L. BURGESS AND FREDRICK BURGESS REPORTED IN PART II ARE EACH SECURED BY A PROMISSORY NOTE ON SUBSTANTIALLY SIMILAR TERMS TO OTHER LOANS PROVIDED BY THE ORGANIZATION TO FULFILL ITS EXEMPT PURPOSE. PAYMENTS FROM JOHN BURGESS ARE SCHEDULED IN 120 MONTHLY INSTALLMENTS AT A RATE OF 7% INTEREST. (BOTH LOANS) PAYMENTS FROM FREDRICK BURGESS ARE SCHEDULED IN 6 SEMI-ANNUAL PAYMENTS OVER A PERIOD OF 36 MONTHS AT A RATE OF 7% INTEREST. (BOTH LOANS) JOHN BURGESS IS A CURRENT BOARD MEMBER OF THE ORGANIZATION. FREDRICK BURGESS HAS A FAMILY RELATIONSHIP WITH THE BOARD MEMBER. THE INTERESTED PERSON RECUSED HIMSELF FROM THE BOARD MEETINGS IN WHICH THE LOANS WERE APPROVED.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt066171
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. FOLLOWING REVIEW BY THE EXECUTIVE DIRECTOR, THE RETURN WAS PROVIDED TO EACH CURRENT VOTING BOARD MEMBER PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS HAVE A DUTY TO DISCLOSE ANY INTERESTS IN A TRANSACTION INVOLVING THE ORGANIZATION. PRIOR TO ANY LOAN AUTHORIZATION DISCUSSION, MEMBERS ARE ASKED WHETHER AN INTEREST COULD EXIST, AND INTERESTED MEMBERS LEAVE THE ROOM DURING DISCUSSION. VOTES ON LOANS CONTAINING A CONFLICT ARE VOTED ON IN THE ABSENSE OF ANY INTERESTED MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE PERSONNEL SUBCOMMITTEE AND APPROVED BY VOTE OF THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER PROFESSIONAL 5,669 691 0 CONSULTANTS 61,190 7,455 0 CONTRACT LABOR 16,271 11,850 0 TOTAL 83,130 19,996 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,662,143
Liabilities
$1,039,356
Net assets
$5,622,787
Revenue
$847,774
Expenses
$907,530
Net income
-$59,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$0.99$13.7$4.92$1.60$3.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$1.82$10.0$2.29$0.79$1.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.03$0.93$7.10$1.78$0.95$0.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.25$0.97$6.28$1.58$0.93$0.64
2017Detailed filing. Detailed filing data is available for this year.$6.66$1.04$5.62$0.85$0.91$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.83$1.14$5.68$1.04$0.64$0.40
2015Detailed filing. Detailed filing data is available for this year.$6.40$1.11$5.29$1.55$1.20$0.35