Civic Intelligence

Underwood Gt Magnet Elementary School Foundation Inc

990EZ • Fiscal year 2020 • EIN 46-5239516

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 02, 2021

Organization Profilewww.underwoodfoundation.org
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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

14th percentile

-71%

Higher net margin than 14% of similar nonprofits.

2020 filings • NTEE B11 • <$500k nonprofits • Source year 2020

Top Officer Pay

97th percentile

$0

Higher top officer pay than 97% of similar nonprofits.

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

2020 filings • NTEE B11 • <$500k nonprofits • Source year 2020

Asset Growth

24th percentile

-18%

Faster asset growth than 24% of similar nonprofits.

2020 filings • NTEE B11 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-27%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • NTEE B11 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$162,606

Down $36,550 (-18%) from 2019

Net Assets

Down

$162,606

Down $36,550 (-18%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin14th percentile

Revenue

Down

$51,475

Down $19,335 (-27%) from 2019

Expenses

Down

$88,025

Down $16,491 (-16%) from 2019

Net Income

Down

-$36,550

Down $2,844 (-8.4%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

2020

Assets$162,606
Liabilities-
Net Assets$162,606
Open 2020 Filing

Operations Trend

Revenue Growth49th percentile

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

2020

Revenue$51,475
Expenses$88,025
Net Income-$36,550
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 2, 2021
Return Version
2019v5.0
Gross Receipts
$51,475
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 Underwood GT Magment Foudnation is a volunteer organization that raises funds to support the staffing budget for Underwood GT Magnet Elementary school, a public elementary school located in Raleigh NC

Program Services

DescriptionGrantsExpenses
The foundation provides funds to the support the Underwood GT Magnet Elementary School, a public elementary school in Raleigh NC.$75,000$0
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vickie Van MeirPresident And Chairperson-$0--
Samuel KeysTreasurer And Board Member-$0--
Teighlor MarchSecretary And Board Member-$0--
Travis ShillingsPrincipal And Board Member-$0--
Jennifer GospodarekPta President And Board Member-$0--
Victoria WheelerBoard Member-$0--
Tarik DaltonBoard Member-$0--
Shannon WolfBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Underwood Gt Magnet Elementary School Foundation
EIN
46-5239516
In Care Of
% Victoria Wheeler
Phone
9198567663
Address
1614 GLENWOOD AVE, RALEIGH, NC 27608-2320

Signing Officer

Name
Victoria Wheeler
Title
Treasurer
Phone
9195201439
Signed
2021-03-02
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 10

“| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Grant, Underwood GT Magnet Elementary Scho, "1614 Glenwood Ave. Raleigh NC, 27608", $75000.00, None|”

Part I, line 16

“| Other Expenses:, Amount:| Business and Administrative expenses, $5669.00| Bank charges and accounting fees, $1682.00| Event expenses, $2575.00| Liability insurances, $1900.00| Uncategorized expenses, $306.00|”

Raw XML Appendix157 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Vickie Van Meir
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Samuel Keys
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Travis Shillings
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Jennifer Gospodarek
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Victoria Wheeler
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Tarik Dalton
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Shannon Wolf
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President and Chairperson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer and Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary and Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Principal and Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PTA President and Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Board Member
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Grant, Underwood GT Magnet Elementary Scho, "1614 Glenwood Ave. Raleigh NC, 27608", $75000.00, None|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Expenses:, Amount:| Business and Administrative expenses, $5669.00| Bank charges and accounting fees, $1682.00| Event expenses, $2575.00| Liability insurances, $1900.00| Uncategorized expenses, $306.00|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 10
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/EIN0465239516
ReturnHeader/Filer/InCareOfNm0% Victoria Wheeler
ReturnHeader/Filer/PhoneNum09198567663
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ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0276082320
ReturnHeader/ReturnTs02021-03-02T09:11:42-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$162,606
Liabilities
-
Net assets
$162,606
Revenue
$51,475
Expenses
$88,025
Net income
-$36,550
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.53$1.53$0.69$0.81$0.12
2024Detailed filing. Detailed filing data is available for this year.$1.65$1.65$0.72$0.59$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.51$1.51$0.76$1.30$0.53
2022Detailed filing. Detailed filing data is available for this year.$2.05$2.05$0.82$0.42$0.40
2021Detailed filing. Detailed filing data is available for this year.$1.64$1.64$0.67$0.65$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.63$1.63$0.51$0.88$0.37
2019Detailed filing. Detailed filing data is available for this year.$1.99$1.99$0.71$1.05$0.34
2018Detailed filing. Detailed filing data is available for this year.$2.31$2.31$0.90$0.11$0.79
2017Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$1.23$0.80$0.43
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$1.11$1.06$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$1.14$0.93$0.21
2014Summary only. Only limited summary data is available for this year.$0.82$0.00$0.86$0.04$0.82