Civic Intelligence

Godspeed Grace Inc.

990 • Fiscal year 2016 • EIN 45-2836097

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

110 Little Valley CourtHoover, AL 35244

(205) 989-4110

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.05x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

15th percentile

-23%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

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

Asset Growth

33rd percentile

-6.9%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

9th percentile

-51%

Faster revenue growth than 9% of similar nonprofits.

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

Assets

Down

$62,368

Down $4,603 (-6.9%) from 2015

Net Assets

Down

$61,368

Down $4,603 (-7.0%) from 2015

Liabilities

Flat

$1,000

Flat from 2015

Revenue

Down

$20,034

Down $21,086 (-51%) from 2015

Expenses

Down

$24,637

Down $8,889 (-27%) from 2015

Net Income

Down

-$4,603

Down $12,197 (-161%) from 2015

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2011: $3,995Liabilities 2011: $0Net Assets 2011: $3,9952011Assets 2012: $35,072Liabilities 2012: $0Net Assets 2012: $35,0722012Assets 2013: $55,483Liabilities 2013: $5,000Net Assets 2013: $50,4832013Assets 2014: $59,377Liabilities 2014: $1,000Net Assets 2014: $58,3772014Assets 2015: $66,971Liabilities 2015: $1,000Net Assets 2015: $65,9712015Assets 2016: $62,368Liabilities 2016: $1,000Net Assets 2016: $61,3682016Assets 2017: $48,773Liabilities 2017: $5,626Net Assets 2017: $43,1472017Assets 2018: $47,096Liabilities 2018: $1,606Net Assets 2018: $45,4902018

Highlighted filing

2016

Assets$62,368
Liabilities$1,000
Net Assets$61,368

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2011: $3,995Expenses 2011: $0Net Income 2011: $3,9952011Revenue 2012: $43,501Expenses 2012: $12,424Net Income 2012: $31,0772012Revenue 2013: $58,418Expenses 2013: $43,007Net Income 2013: $15,4112013Revenue 2014: $32,940Expenses 2014: $25,046Net Income 2014: $7,8942014Revenue 2015: $41,120Expenses 2015: $33,526Net Income 2015: $7,5942015Revenue 2016: $20,034Expenses 2016: $24,637Net Income 2016: -$4,6032016Revenue 2017: $129Expenses 2017: $18,350Net Income 2017: -$18,2212017Revenue 2018: $13,426Expenses 2018: $11,083Net Income 2018: $2,3432018

Highlighted filing

2016

Revenue$20,034
Expenses$24,637
Net Income-$4,603
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$20,034
Mission and Program Overview

Mission

A training facility is a place where individuals hopefully grow physically and mentally through progressive methods of training. But, 1 timothy 4:8 teaches us that physical training is of some importance, but training for godliness is of the utmost importance. Godspeed 1 timothy 4:8, inc. Bears the heart of paul's writing, with hopes that by using the platform of physically training athletes, godspeed 1 timothy 4:8 can share the gospel of jesus christ and therefore help athletes train themselves for godliness.

Godspeed started as a movement using the platform of sport performance training to bring theGospel of Jesus Christ to young athletes including the youth in impoverished areas of Birmingham,AL. In a society that glorifies immorality and violence, Godspeed strives to create after school programs to keep youth off the streets, off the couch and provide mentorship and fellowship through the love and discipline of Jesus Christ. Godspeed will find volunteers who are strong in their Christian faith to work, mentor, and teach young men and women through the discipline of sports training. Godspeed will sponsor youth in local communities that are unable to pay for after school activities in order to create opportunities for youth to be around positive men and women within a sports genre. Godspeed will be funded by charitable donations from local individuals and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$65,971$61,368▼ $4,603
Land, Buildings, and Equipment, Net$42,048$42,048→ $0
Savings and Temporary Cash Investments$9,651$17,320▲ $7,669
Prepaid Expenses and Deferred Charges$8,872$0▼ $8,872
Cash and Non-Interest-Bearing Accounts$6,400$3,000▼ $3,400
Loans From Officers Directors$1,000$1,000→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$66,971$62,368▼ $4,603
Liabilities
Accounts Payable and Accrued Expenses-$0-
Total Liabilities$1,000$1,000→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$65,971$61,368▼ $4,603
Total Liabilities and Net Assets / Fund Balance$66,971$62,368▼ $4,603

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$42,048-$42,048
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lance Evan RhodesPresident
Hal LangstonDirector
Mallory RhodesDirector
Dr Pamela SimsSecretary
Myra RobertsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,000
Program Service Revenue
$0
Investment Income
$34
Other Revenue
$0
All Other Contributions
$20,000
Change in Net Assets
$-4,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,041
Grants and Similar Amounts Paid$4,596
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$7,131--$7,131
Travel$5,747--$5,747
Fees for Services Accounting-$5,530-$5,530
Grants to Domestic Orgs$4,596--$4,596
Office Expenses$1,633--$1,633
Total Functional Expenses$19,107$5,530$0$24,637
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
Loans from Officers, Directors, Trustees, and Key Employees$1,000$1,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section A, line 2

Lance Evan Rhodes and Christopher Blake Prime are business partners in the S-Corporation, Godspeed ESA - Hoover, Inc. Dr. Kevin M. Sims and Dr. Pamela J. Sims are husband and wife. Dr. Pamela J. Sims is a start up investor in Godspeed ESA - Hoover, Inc. Lance Evan Rhodes is the son of Dr. Pamela J. Sims. Lance Evan Rhodes is the step-son of Dr. Kevin M. Sims.

Form 990, Part VI, Section B, line 11B

A copy of form 990 will be provided to the governing board by the entity's treasurer. The treasurer will address any questions relating to draft return. Upon approval of the governing body the treasurer will file the return on belhalf of the organization.

Form 990, Part VI, Section B, line 12C

To ensure the Organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a) Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. b) Whether partnerships, joint ventures, and arrangements with management organizations conform to the Organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents and conflict of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Godspeed 1 Timothy 48 Inc
EIN
45-2836097
Phone
2059894110
Address
110 Little Valley Court, Hoover, AL 35244

Signing Officer

Name
Lance E Rhodes
Title
President
Phone
2059894110
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lance E Rhodes
Formed
2011
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
7

Preparer

Firm
Barfield Murphy Shank & Smith LLC
Address
1121 Riverchase Office Rd, Birmingham, AL 35244
Preparer
Erskine G Donald CPA
Phone
2059825500
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

Godspeed 1 Timothy 4:8, Inc. 110 Little Valley Court Hoover, AL 35244 Employer Identification Number: 45-2836097 For the Year Ending December 31, 2016 Godspeed 1 Timothy 4:8, Inc. is making the de minimis safe harbor election under Reg. Sec. 1.263(a)-1(f).

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0To Fund Contributions paid by the organization
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Lance Rhodes
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt01000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Lance Evan Rhodes and Christopher Blake Prime are business partners in the S-Corporation, Godspeed ESA - Hoover, Inc. Dr. Kevin M. Sims and Dr. Pamela J. Sims are husband and wife. Dr. Pamela J. Sims is a start up investor in Godspeed ESA - Hoover, Inc. Lance Evan Rhodes is the son of Dr. Pamela J. Sims. Lance Evan Rhodes is the step-son of Dr. Kevin M. Sims.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of form 990 will be provided to the governing board by the entity's treasurer. The treasurer will address any questions relating to draft return. Upon approval of the governing body the treasurer will file the return on belhalf of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2To ensure the Organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a) Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. b) Whether partnerships, joint ventures, and arrangements with management organizations conform to the Organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents and conflict of interest policy available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Godspeed 1 Timothy 4:8, Inc. 110 Little Valley Court Hoover, AL 35244 Employer Identification Number: 45-2836097 For the Year Ending December 31, 2016 Godspeed 1 Timothy 4:8, Inc. is making the de minimis safe harbor election under Reg. Sec. 1.263(a)-1(f).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Section 1.263(a)-1(f) De Minimis Safe Harbor Election
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt066971
IRS990/TotalAssetsEOYAmt062368
IRS990/TotalAssetsGrp/BOYAmt066971
IRS990/TotalAssetsGrp/EOYAmt062368
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt020000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05530
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019107
IRS990/TotalFunctionalExpensesGrp/TotalAmt024637
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01000
IRS990/TotalLiabilitiesEOYAmt01000
IRS990/TotalLiabilitiesGrp/BOYAmt01000
IRS990/TotalLiabilitiesGrp/EOYAmt01000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt065971
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt061368
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt019107
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt034
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt020034
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt066971
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt062368
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05747
IRS990/TravelGrp/TotalAmt05747
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0110 Little Valley Court
IRS990/USAddress/CityNm0hoover
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035244
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.godspeed.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lance E Rhodes
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02059894110
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Godspeed 1 Timothy 48 Inc
ReturnHeader/Filer/BusinessNameControlTxt0GODS
ReturnHeader/Filer/EIN0452836097
ReturnHeader/Filer/PhoneNum02059894110
ReturnHeader/Filer/USAddress/AddressLine1Txt0110 Little Valley Court
ReturnHeader/Filer/USAddress/CityNm0Hoover
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035244
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BB5B87492D4E1977DF1DA222DA2F657D6D491FA0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C7640219DA60232C5CA96AE5E36D605A9353A890
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.254.230.2
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:44:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461498870
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barfield Murphy Shank & Smith LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01121 Riverchase Office Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Birmingham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035244
ReturnHeader/PreparerPersonGrp/PhoneNum02059825500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Erskine G Donald CPA
ReturnHeader/ReturnTs02017-11-15T17:06:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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