Civic Intelligence

Georgia Apartment Industry Education Foundation Inc.

990 • Fiscal year 2016 • EIN 36-4537457

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 09, 2017

8601 Dunwoody Place Suite 318Atlanta, GA 30350

(770) 612-0025

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.21x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

0.17x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

32nd percentile

-4.2%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$266,739

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 330.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-78%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$64,530

Down $9,714 (-13%) from 2015

Net Assets

Down

$50,868

Down $3,376 (-6.2%) from 2015

Liabilities

Down

$13,662

Down $6,338 (-32%) from 2015

Revenue

Down

$80,842

Down $292,732 (-78%) from 2015

Expenses

Down

$84,218

Down $256,118 (-75%) from 2015

Net Income

Down

-$3,376

Down $36,614 (-110%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2012: $34,052Liabilities 2012: $35,000Net Assets 2012: -$9482012Assets 2013: $32,332Liabilities 2013: $45,000Net Assets 2013: -$12,6682013Assets 2014: $51,006Liabilities 2014: $30,000Net Assets 2014: $21,0062014Assets 2015: $74,244Liabilities 2015: $20,000Net Assets 2015: $54,2442015Assets 2016: $64,530Liabilities 2016: $13,662Net Assets 2016: $50,8682016Assets 2017: $90,344Liabilities 2017: $2,560Net Assets 2017: $87,7842017Assets 2018: $81,060Liabilities 2018: $523Net Assets 2018: $80,5372018Assets 2019: $103,947Liabilities 2019: $2Net Assets 2019: $103,9452019Assets 2020: $111,596Liabilities 2020: $0Net Assets 2020: $111,5962020Assets 2021: $128,390Liabilities 2021: $7,900Net Assets 2021: $120,4902021Assets 2022: $126,098Liabilities 2022: $483Net Assets 2022: $125,6152022Assets 2023: $172,859Liabilities 2023: $0Net Assets 2023: $172,8592023Assets 2024: $247,310Liabilities 2024: $719Net Assets 2024: $246,5912024

Highlighted filing

2016

Assets$64,530
Liabilities$13,662
Net Assets$50,868

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $145,790Expenses 2012: $170,968Net Income 2012: -$25,1782012Revenue 2013: $211,711Expenses 2013: $223,431Net Income 2013: -$11,7202013Revenue 2014: $280,445Expenses 2014: $246,771Net Income 2014: $33,6742014Revenue 2015: $373,574Expenses 2015: $340,336Net Income 2015: $33,2382015Revenue 2016: $80,842Expenses 2016: $84,218Net Income 2016: -$3,3762016Revenue 2017: $81,473Expenses 2017: $44,557Net Income 2017: $36,9162017Revenue 2018: $79,084Expenses 2018: $86,331Net Income 2018: -$7,2472018Revenue 2019: $121,841Expenses 2019: $98,433Net Income 2019: $23,4082019Revenue 2020: $16,250Expenses 2020: $8,599Net Income 2020: $7,6512020Revenue 2021: $16,440Expenses 2021: $7,546Net Income 2021: $8,8942021Revenue 2022: $36,465Expenses 2022: $31,340Net Income 2022: $5,1252022Revenue 2023: $66,810Expenses 2023: $19,567Net Income 2023: $47,2432023Revenue 2024: $93,766Expenses 2024: $20,034Net Income 2024: $73,7322024

Highlighted filing

2016

Revenue$80,842
Expenses$84,218
Net Income-$3,376
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 9, 2017
Return Version
2016v3.0
Gross Receipts
$98,200
Mission and Program Overview

Mission

Promote the wide range of career opportunities within the industry. Establish strategic partnerships to expand industry awareness. Attract talent to the apartment industry. Equip individuals with the knowledge/skills necessary to enter the industry. Connect employers with potential candidates.

Promote the wide range of career opportunities within the industry. Establish strategic partnerships to expand industry awareness. Attract talent to the apartment industry. Equip individuals with the knowledge/skills necessary to enter the industry oconnect employers with potential candidates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$74,244$64,002▼ $10,242
Accounts Receivable-$500-
Prepaid Expenses and Deferred Charges-$28-
Total Assets$74,244$64,530▼ $9,714
Liabilities
Deferred Revenue-$10,000-
Accounts Payable and Accrued Expenses$20,000$3,662▼ $16,338
Total Liabilities$20,000$13,662▼ $6,338
Net Assets / Fund Balance
Unrestricted Net Assets$54,244$50,868▼ $3,376
Total Net Assets Fund Balance$54,244$50,868▼ $3,376
Total Liabilities and Net Assets / Fund Balance$74,244$64,530▼ $9,714
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mitch HarrisonBoard Chair
James FowlerPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$17,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$63,342
All Other Contributions
$17,500
Change in Net Assets
$-3,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,218
Total Fundraising Expense$3,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$32,799--$32,799
Fees for Services Other$18,300$9,150$3,050$30,500
Office Expenses-$13,503-$13,503
Fees for Services Accounting-$5,528-$5,528
Travel-$1,351-$1,351
Conferences and Meetings-$497-$497
Information Technology-$40-$40
Total Functional Expenses$51,099$30,069$3,050$84,218
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$80,700
Fundraising Direct Expenses$17,358
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bowling$80,700$80,700$17,358$63,342
Total Events$80,700$80,700$17,358$63,342
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
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
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

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The working committees do not have the authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 is provideded to a board member for their review before filing.

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

Conflict of interest policy the following conflict of interest policy can help gaief avoid situations that can damage the public's trust in our organization: 1).business or professional interests: board members have outside business and professional interests. Board members, however, many not make a profit in any way in their outside employment or business interests from their service on this organization's board of directors. During board meetings, board members shall disclose in writing any conflict of interest involving an issue before the board. While they many participate in discussion of the issue, they shall not vote. 2).gifts, gratuities: board members will not accept gifts, gratuities, trips, personal property or other items of value from an outside person or organization as an inducement to do business or provide services. 3).personal beliefs: board members hold a wide range of personal beliefs, values and commitments. These can present a conflict of interest if they prevent board members from acting for the benefit of the full organization, or from carrying out their responsibilities as board members. Board members should not attempt to use their board office to further their personal interests, or to convince other board members, or staff to act upon the board member's wishes. 4). Abuse of the board office: board members should not abuse their office by using this nonprofit organization's staff, services, equipment or property for their personal or family gain.

Form 990, Page 6, Part VI, Line 19

A copy of the foundation's tax return as well as governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Georgia Apartment Industry
EIN
36-4537457
Phone
7706120025
Address
8601 DUNWOODY PLACE SUITE 318, ATLANTA, GA 30350

Signing Officer

Name
James Fowler
Title
President
Phone
7706120025
Signed
2017-10-09

Organization Details

Principal Officer
James Fowler
Formed
2003
Legal Domicile
Ga
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
200

Preparer

Firm
Reed Quinn & Mcclure LLC
Address
2055 N BROWN RD STE 150, LAWRENCEVILLE, GA 30043-4920
Preparer
Daniel T Mcclure CPA
Phone
7704499144
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Promote the wide range of career opportunities within the industry. Establish strategic partnerships to expand industry awareness. Attract talent to the apartment industry. Equip individuals with the knowledge/skills necessary to enter the industry oconnect employers with potential candidates.

Form 990, Part IX, Line 11G

18,300 9,150 3,050

Raw XML Appendix339 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/ProgSrvcAccomActy2Grp/Desc0HAD THE MOST SUCCESSFUL BOWL-A-THON TO DATE, RAISING OVER 80,000.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE THE WIDE RANGE OF CAREER OPPORTUNITIES WITHIN THE INDUSTRY. ESTABLISH STRATEGIC PARTNERSHIPS TO EXPAND INDUSTRY AWARENESS. ATTRACT TALENT TO THE APARTMENT INDUSTRY. EQUIP INDIVIDUALS WITH THE KNOWLEDGE/SKILLS NECESSARY TO ENTER THE INDUSTRY OCONNECT EMPLOYERS WITH POTENTIAL CANDIDATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE WORKING COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE 990 IS PROVIDEDED TO A BOARD MEMBER FOR THEIR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY THE FOLLOWING CONFLICT OF INTEREST POLICY CAN HELP GAIEF AVOID SITUATIONS THAT CAN DAMAGE THE PUBLIC'S TRUST IN OUR ORGANIZATION: 1).BUSINESS OR PROFESSIONAL INTERESTS: BOARD MEMBERS HAVE OUTSIDE BUSINESS AND PROFESSIONAL INTERESTS. BOARD MEMBERS, HOWEVER, MANY NOT MAKE A PROFIT IN ANY WAY IN THEIR OUTSIDE EMPLOYMENT OR BUSINESS INTERESTS FROM THEIR SERVICE ON THIS ORGANIZATION'S BOARD OF DIRECTORS. DURING BOARD MEETINGS, BOARD MEMBERS SHALL DISCLOSE IN WRITING ANY CONFLICT OF INTEREST INVOLVING AN ISSUE BEFORE THE BOARD. WHILE THEY MANY PARTICIPATE IN DISCUSSION OF THE ISSUE, THEY SHALL NOT VOTE. 2).GIFTS, GRATUITIES: BOARD MEMBERS WILL NOT ACCEPT GIFTS, GRATUITIES, TRIPS, PERSONAL PROPERTY OR OTHER ITEMS OF VALUE FROM AN OUTSIDE PERSON OR ORGANIZATION AS AN INDUCEMENT TO DO BUSINESS OR PROVIDE SERVICES. 3).PERSONAL BELIEFS: BOARD MEMBERS HOLD A WIDE RANGE OF PERSONAL BELIEFS, VALUES AND COMMITMENTS. THESE CAN PRESENT A CONFLICT OF INTEREST IF THEY PREVENT BOARD MEMBERS FROM ACTING FOR THE BENEFIT OF THE FULL ORGANIZATION, OR FROM CARRYING OUT THEIR RESPONSIBILITIES AS BOARD MEMBERS. BOARD MEMBERS SHOULD NOT ATTEMPT TO USE THEIR BOARD OFFICE TO FURTHER THEIR PERSONAL INTERESTS, OR TO CONVINCE OTHER BOARD MEMBERS, OR STAFF TO ACT UPON THE BOARD MEMBER'S WISHES. 4). ABUSE OF THE BOARD OFFICE: BOARD MEMBERS SHOULD NOT ABUSE THEIR OFFICE BY USING THIS NONPROFIT ORGANIZATION'S STAFF, SERVICES, EQUIPMENT OR PROPERTY FOR THEIR PERSONAL OR FAMILY GAIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FOUNDATION'S TAX RETURN AS WELL AS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt518,300 9,150 3,050
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051099
IRS990/TotalFunctionalExpensesGrp/TotalAmt084218
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt013662
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IRS990/TotalLiabilitiesGrp/EOYAmt013662
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt054244
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050868
IRS990/TotalOtherCompensationAmt027061
IRS990/TotalProgramServiceExpensesAmt051099
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080842
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt074244
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt064530
IRS990/TotReportableCompRltdOrgAmt0239678
IRS990/TravelGrp/ManagementAndGeneralAmt01351
IRS990/TravelGrp/TotalAmt01351
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt054244
IRS990/UnrestrictedNetAssetsGrp/EOYAmt050868
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08601 DUNWODDY PLACE SUITE 318
IRS990/USAddress/CityNm0ATLANTA
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IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES FOWLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07706120025
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEORGIA APARTMENT INDUSTRY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GEOR
ReturnHeader/Filer/EIN0364537457
ReturnHeader/Filer/PhoneNum07706120025
ReturnHeader/Filer/USAddress/AddressLine1Txt08601 DUNWOODY PLACE SUITE 318
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId035C3A66D496EA301A7F486D6361BA2D263C12F2D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId035C3A66D496EA301A7F486D6361BA2D263C12F2D
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582053827
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REED QUINN & MCCLURE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02055 N BROWN RD STE 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAWRENCEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0300434920
ReturnHeader/PreparerPersonGrp/PhoneNum07704499144
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL T MCCLURE CPA
ReturnHeader/ReturnTs02017-11-06T13:55:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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