Civic Intelligence

Mcwane Science Center Foundation

990 • Fiscal year 2015 • EIN 46-4728073

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 01, 2016

200 19th Street NorthBirmingham, AL 35203

(205) 714-8300

Siviq Scores

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

Liabilities / Assets

71st percentile

0.50x

Higher debt load relative to assets than 71% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

64.19x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

1st percentile

-1065%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

19th percentile

-4.9%

Faster asset growth than 19% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$19,070,173

Down $984,411 (-4.9%) from 2014

Net Assets

Down

$9,442,113

Down $984,411 (-9.4%) from 2014

Liabilities

Flat

$9,628,060

Flat from 2014

Revenue

Down

$150,000

Down $39,191 (-21%) from 2014

Expenses

Up

$1,747,195

Up $615,117 (+54%) from 2014

Net Income

Down

-$1,597,195

Down $654,308 (-69%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2014: $20,054,584Liabilities 2014: $9,628,060Net Assets 2014: $10,426,5242014Assets 2015: $19,070,173Liabilities 2015: $9,628,060Net Assets 2015: $9,442,1132015Assets 2016: $17,582,376Liabilities 2016: $9,549,949Net Assets 2016: $8,032,4272016Assets 2017: $16,028,885Liabilities 2017: $9,580,742Net Assets 2017: $6,448,1432017Assets 2018: $14,475,732Liabilities 2018: $9,611,535Net Assets 2018: $4,864,1972018Assets 2019: $13,017,746Liabilities 2019: $9,722,152Net Assets 2019: $3,295,5942019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2015

Assets$19,070,173
Liabilities$9,628,060
Net Assets$9,442,113

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2014: $189,191Expenses 2014: $1,132,078Net Income 2014: -$942,8872014Revenue 2015: $150,000Expenses 2015: $1,747,195Net Income 2015: -$1,597,1952015Revenue 2016: $150,000Expenses 2016: $1,723,528Net Income 2016: -$1,573,5282016Revenue 2017: $150,000Expenses 2017: $1,734,284Net Income 2017: -$1,584,2842017Revenue 2018: $150,000Expenses 2018: $1,733,946Net Income 2018: -$1,583,9462018Revenue 2019: $150,000Expenses 2019: $1,718,603Net Income 2019: -$1,568,6032019Revenue 2020: $2,072,747Expenses 2020: $490,009Net Income 2020: $1,582,7382020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2015

Revenue$150,000
Expenses$1,747,195
Net Income-$1,597,195
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 1, 2016
Return Version
2015v2.1
Gross Receipts
$150,000
Mission and Program Overview

Mission

The primary charitable purpose of the corporation is to provide financial, operational and other support to and for the benefit of, and to further the purposes of, the mcwane science center, an alabama nonprofit corporation exempt from federal income tax under code section 501(c)(3)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,704,888$18,740,815▲ $35,927
Cash and Non-Interest-Bearing Accounts$1,097,251$176,581▼ $920,670
Accounts Receivable$125,000$50,000▼ $75,000
Total Assets$20,054,584$19,070,173▼ $984,411
Other Assets Total$127,445$102,777▼ $24,668
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,600,000$9,600,000→ $0
Other Liabilities$28,060$28,060→ $0
Total Liabilities$9,628,060$9,628,060→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$9,329,271$9,265,532▼ $63,739
Temporarily Rstr Net Assets$1,097,253$176,581▼ $920,672
Total Net Assets Fund Balance$10,426,524$9,442,113▼ $984,411
Total Liabilities and Net Assets / Fund Balance$20,054,584$19,070,173▼ $984,411

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,822,713$18,674,564$32,497,277
Other Land Buildings$2,819,141$313,830$3,132,971
Leasehold Improvements$2,098,961$131,091$2,230,052
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dorothy PakChairperson
D Scott AdamsDirector
Forest W Whatley JrDirector
J Bowen Thagard JrDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$150,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,597,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,747,195
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
Depreciation Depletion-$1,516,103-$1,516,103
Interest-$111,325-$111,325
Payments to Affiliates$80,000--$80,000
Fees for Services Other-$15,000-$15,000
Other Expenses-$100-$100
Total Functional Expenses$80,000$1,667,195$0$1,747,195
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Science Center$28,060
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The foundation does not currently have committees that act on behalf of the governing board.

Form 990, Part VI, Section B, Line 11

The form 990 is e-mailed to all of the board members prior to filing.

Form 990, Part VI, Section C, Line 19

The foundation has the governing documents and 990 available in the administrative offices of the mcwane science center.

Filing and Contact Details

Filer

Filer Name
Mcwane Science Center Foundation
EIN
46-4728073
Phone
2057148300
Address
200 19TH STREET NORTH, BIRMINGHAM, AL 35203

Signing Officer

Name
Amy Templeton
Title
President
Phone
2057148300
Signed
2016-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Templeton
Formed
2014
Legal Domicile
Al
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Borland Benefield
Address
2101 HIGHLAND AVE SUITE 500, BIRMINGHAM, AL 35205
Preparer
Jeffrey D Chandler CPA
Phone
2058027212
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer from science center 612,784.

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process or selection process during the year.

Financial Statement Notes

PART X, LINE 2:

As of december 31, 2015, the foundation had no uncertain tax positions that qualify for disclosure in the financial statements. The foundation files an annual form 990 with the internal revenue service and its tax returns for the year 2012 and subsequent years remain subject to examination by tax authorities.

Raw XML Appendix387 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SCIENCE CENTER
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2015, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION FILES AN ANNUAL FORM 990 WITH THE INTERNAL REVENUE SERVICE AND ITS TAX RETURNS FOR THE YEAR 2012 AND SUBSEQUENT YEARS REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION DOES NOT CURRENTLY HAVE COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS E-MAILED TO ALL OF THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS THE GOVERNING DOCUMENTS AND 990 AVAILABLE IN THE ADMINISTRATIVE OFFICES OF THE MCWANE SCIENCE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER FROM SCIENCE CENTER 612,784.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1MCWANE SCIENCE CENTER
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ENDOWMENT OF THE MCWANE CENTER
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO MAINTAIN AND OPERATE A SCIENCE CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO PROVIDE SUPPORT FOR THE RELATED SCIENCE CENTER
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1EDUCATIONAL
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IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt10
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3612782
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0PER LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1LOAN GUARANTEE PER PURCH AGREEMNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2CASH DONATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3NET BOOK VALUE OF PROPERTY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MCWANE SCIENCE CENTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MCWANE SCIENCE CENTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2MCWANE SCIENCE CENTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3MCWANE SCIENCE CENTER
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0150000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0150000
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IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0NOT APPLICABLE
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY TEMPLETON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02057148300
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCWANE SCIENCE CENTER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MCWA
ReturnHeader/Filer/EIN0464728073
ReturnHeader/Filer/PhoneNum02057148300
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 19TH STREET NORTH
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630721243
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BORLAND BENEFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02101 HIGHLAND AVE SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035205
ReturnHeader/PreparerPersonGrp/PhoneNum02058027212
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY D CHANDLER CPA
ReturnHeader/ReturnTs02016-09-02T08:48:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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