Civic Intelligence

Underwood Gt Magnet Elementary School Foundation Inc

990EZ • Fiscal year 2021 • EIN 46-5239516

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 12, 2021

1614 Glenwood AveRaleigh, NC 27608-2320

(919) 856-7663

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

44th percentile

2.6%

Higher net margin than 44% of similar nonprofits.

2021 filings • NTEE B11 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$0

Higher top officer pay than 98% of similar nonprofits.

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

2021 filings • NTEE B11 • <$500k nonprofits • Source year 2021

Asset Growth

46th percentile

1.1%

Faster asset growth than 46% of similar nonprofits.

2021 filings • NTEE B11 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

30%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • NTEE B11 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$164,376

Up $1,770 (+1.1%) from 2020

Net Assets

Up

$164,376

Up $1,770 (+1.1%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$66,964

Up $15,489 (+30%) from 2020

Expenses

Down

$65,194

Down $22,831 (-26%) from 2020

Net Income

Up

$1,770

Up $38,320 (+105%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $82,135Liabilities 2014: $02014Assets 2015: $103,626Liabilities 2015: $0Net Assets 2015: $103,6262015Assets 2016: $108,863Liabilities 2016: $0Net Assets 2016: $108,8632016Assets 2017: $152,069Liabilities 2017: $0Net Assets 2017: $152,0692017Assets 2018: $231,213Net Assets 2018: $231,2132018Assets 2019: $199,156Net Assets 2019: $199,1562019Assets 2020: $162,606Net Assets 2020: $162,6062020Assets 2021: $164,376Net Assets 2021: $164,3762021Assets 2022: $204,726Net Assets 2022: $204,7262022Assets 2023: $151,266Net Assets 2023: $151,2662023Assets 2024: $164,719Net Assets 2024: $164,7192024Assets 2025: $153,071Net Assets 2025: $153,0712025

Highlighted filing

2021

Assets$164,376
Liabilities-
Net Assets$164,376

Operations Trend

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

$150K$100K$50K$0-$50K-$100KRevenue 2014: $86,033Expenses 2014: $3,898Net Income 2014: $82,1352014Revenue 2015: $114,106Expenses 2015: $92,615Net Income 2015: $21,4912015Revenue 2016: $111,241Expenses 2016: $106,004Net Income 2016: $5,2372016Revenue 2017: $122,728Expenses 2017: $79,522Net Income 2017: $43,2062017Revenue 2018: $90,489Expenses 2018: $11,345Net Income 2018: $79,1442018Revenue 2019: $70,810Expenses 2019: $104,516Net Income 2019: -$33,7062019Revenue 2020: $51,475Expenses 2020: $88,025Net Income 2020: -$36,5502020Revenue 2021: $66,964Expenses 2021: $65,194Net Income 2021: $1,7702021Revenue 2022: $82,198Expenses 2022: $41,848Net Income 2022: $40,3502022Revenue 2023: $76,222Expenses 2023: $129,682Net Income 2023: -$53,4602023Revenue 2024: $72,054Expenses 2024: $58,601Net Income 2024: $13,4532024Revenue 2025: $69,168Expenses 2025: $80,816Net Income 2025: -$11,6482025

Highlighted filing

2021

Revenue$66,964
Expenses$65,194
Net Income$1,770
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$77,921
Mission and Program Overview

Mission

The purpose of the foundation is to promote the welfare of Underwood GT Magnet Elementary School. The foundation provides the school with financial assistance for additional staffing, additional benefits for faculty and staff, and capital improvements and assets.

The mission of the Underwood Foundation is to maintain the excellence of Underwood Gifted and Talented Magnet Elementary School's program by supporting initiatives which recruit and retain quality teachers enable and bolster rich instructional programming and sustain the educational environment with monetary donations. The Underwood GT Magnet Foundation is a volunteer organization that raises funds to support the staffing budget for Underwood GT Elementary school a public elementary school located in Raleigh NC.

Program Services

DescriptionGrantsExpenses
Educational funding donation for the 2020 - 2021 School Year to Wake County Public Schools - Underwood GT Magnet Elementary School$55,000$21,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anna BickleySecretaryPT$0--
Jennifer GospodarekBoard Member Pta Designee-$0--
Laura BayzlePresidentPT$0--
Mabel Lajes-GuiterasCommunicationsPT$0--
Sarah GibbsEvent PlanningPT$0--
Travis ShillingsBoard Member Principal-$0--
Victoria WheelerTreasurerPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala 2020$35,684$0$5,000$-5,000
Total Events$35,684$0$10,957$-10,957
Filing and Contact Details

Filer

Filer Name
Underwood Gt Magnet Elementary School Foundation
EIN
46-5239516
In Care Of
% Sarah McClain
Address
1614 GLENWOOD AVE, RALEIGH, NC 27608-2320

Signing Officer

Name
Sarah McClain
Title
Treasurer
Signed
2021-11-12
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 10

| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| The foundation provides funds to support the Underwood GT Magnet Elementary School a public elementary school in Raleigh NC., Underwood GT Magnet Elementary Scho, "1614 Glenwood Avenue Raleigh NC 27608", $55000.00, None|

Part I, line 16

| Other Expenses:, Amount:| General Admin Expenses, $9780.00|

Part II, line 24

| Asset Name:, BOY Amount:, EOY Amount:| Other, $66627, 0|

Raw XML Appendix180 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| The foundation provides funds to support the Underwood GT Magnet Elementary School a public elementary school in Raleigh NC., Underwood GT Magnet Elementary Scho, "1614 Glenwood Avenue Raleigh NC 27608", $55000.00, None|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Expenses:, Amount:| General Admin Expenses, $9780.00|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Asset Name:, BOY Amount:, EOY Amount:| Other, $66627, 0|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part II, line 24
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Sarah McClain
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
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ReturnHeader/Filer/BusinessNameControlTxt0UNDE
ReturnHeader/Filer/EIN0465239516
ReturnHeader/Filer/ForeignPhoneNum09198567663
ReturnHeader/Filer/InCareOfNm0% Sarah McClain
ReturnHeader/Filer/USAddress/AddressLine1Txt01614 GLENWOOD AVE
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0276082320
ReturnHeader/ReturnTs02021-11-12T06:02:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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