Civic Intelligence

Tat Foundation

990 • Fiscal year 2021 • EIN 51-0140288

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 10, 2022

PO Box 3402Roxboro, NC 27573

(917) 706-0011

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.03x

Higher debt load relative to assets than 53% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

0.85x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

12th percentile

-9.1%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-54%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$721,148

Down $72,011 (-9.1%) from 2020

Net Assets

Down

$695,948

Down $11,911 (-1.7%) from 2020

Liabilities

Down

$25,200

Down $60,100 (-70%) from 2020

Revenue

Down

$29,793

Down $35,307 (-54%) from 2020

Expenses

Up

$41,704

Up $5,508 (+15%) from 2020

Net Income

Down

-$11,911

Down $40,815 (-141%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2018: $621,093Liabilities 2018: $0Net Assets 2018: $621,0932018Assets 2019: $773,955Liabilities 2019: $95,000Net Assets 2019: $678,9552019Assets 2020: $793,159Liabilities 2020: $85,300Net Assets 2020: $707,8592020Assets 2021: $721,148Liabilities 2021: $25,200Net Assets 2021: $695,9482021Assets 2022: $724,351Liabilities 2022: $200Net Assets 2022: $724,1512022Assets 2023: $732,815Liabilities 2023: $200Net Assets 2023: $732,6152023Assets 2024: $727,511Liabilities 2024: $200Net Assets 2024: $727,3112024

Highlighted filing

2021

Assets$721,148
Liabilities$25,200
Net Assets$695,948

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2018: $320,910Expenses 2018: $20,780Net Income 2018: $300,1302018Revenue 2019: $86,960Expenses 2019: $29,098Net Income 2019: $57,8622019Revenue 2020: $65,100Expenses 2020: $36,196Net Income 2020: $28,9042020Revenue 2021: $29,793Expenses 2021: $41,704Net Income 2021: -$11,9112021Revenue 2022: $59,127Expenses 2022: $30,924Net Income 2022: $28,2032022Revenue 2023: $38,549Expenses 2023: $30,085Net Income 2023: $8,4642023Revenue 2024: $44,646Expenses 2024: $49,950Net Income 2024: -$5,3042024

Highlighted filing

2021

Revenue$29,793
Expenses$41,704
Net Income-$11,911
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 10, 2022
Return Version
2021v4.0
Gross Receipts
$113,139
Mission and Program Overview

Mission

To encourage, coordinate and disseminate information in the study of christian and other systems of religion, philosophy and religious mysticism for the purpose of the education and edification of the general public, and to promote the implementation of methods of spiritual attainment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$766,205$686,730▼ $79,475
Loans From Officers Directors$85,000$25,000▼ $60,000
Cash and Non-Interest-Bearing Accounts$18,384$18,226▼ $158
Savings and Temporary Cash Investments$7,577$10,129▲ $2,552
Inventories for Sale or Use$655$5,725▲ $5,070
Prepaid Expenses and Deferred Charges$338$338→ $0
Total Assets$793,159$721,148▼ $72,011
Liabilities
Other Liabilities$300$200▼ $100
Total Liabilities$85,300$25,200▼ $60,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$425,973$414,062▼ $11,911
Net Assets With Donor Restrictions$281,886$281,886→ $0
Total Net Assets Fund Balance$707,859$695,948▼ $11,911
Total Liabilities and Net Assets / Fund Balance$793,159$721,148▼ $72,011

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$625,233$19,874$363,221
Land$51,003-$51,003
Equipment$10,494$1,753$12,247
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael GegenheimerPresident &
Michael RothTrustee
Shawn NevinsTrustee
Dan GarmatAssistant Tr
Brett StarkAssistant Vi
Abhay DivakaruniSecretary
Robert CergolTreasurer
Mike WhitelyVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$22,449
Program Service Revenue
$17,706
Investment Income
$-16,563
Other Revenue
$6,201
All Other Contributions
$13,879
Change in Net Assets
$-11,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,704
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
Occupancy$16,748--$16,748
Depreciation Depletion$11,007--$11,007
Fees for Services Legal-$5,187-$5,187
Insurance-$3,422-$3,422
Fees for Services Accounting-$2,880-$2,880
Interest$954--$954
Conferences and Meetings$234--$234
Other Expenses-$200-$200
Information Technology-$81-$81
Total Functional Expenses$28,943$12,761$0$41,704
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$85,000$25,000▼ $60,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Members elect the board of directors, and the board of directors appoint the officers of the foundation.

Form 990, Page 6, Part VI, Line 7B

The board of directors sets policies and supervises the business and affairs of the foundation. Action by the members is required where the law or bylaws require authorization by the members.

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

Governing members receive and review a copy of the return prior to filing. Any comments or changes are communicated to the president and incorporated into the return before filing.

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

If any officer or director has a conflict of interest with the foundation, he or she shall call such conflict to the attention of the board of directors. After identifying the issue, matter or transaction to which a conflict exists, an officer or director shall withdraw from any further involvement in that issue, unless the board of directors determine the conflict is immaterial or not adverse to the foundation.

Form 990, Page 6, Part VI, Line 19

The foundation's governing documents, conflict of interest policy and financial statements are available upon request and for inspection at the foundation's office.

Filing and Contact Details

Filer

Filer Name
Tat Foundation
EIN
51-0140288
Address
PO BOX 3402, ROXBORO, NC 27573

Signing Officer

Name
Michael Gegenheimer
Title
President & Trustee
Phone
3019282743
Signed
2022-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Gegenheimer
Formed
1975
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
15
Employees
0
Volunteers
6

Preparer

Firm
Schneider Link & Company Llp
Address
PO BOX 123, HILLIARD, OH 43026-0123
Preparer
Kenneth Schneider
Phone
6148766500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To encourage, coordinate and disseminate information in the study of christian and other systems of religion, philosophy and religious mysticism for the purpose of the education and edification of the general public, and to promote the implementation of methods of spiritual attainment.

Form 990, Page 2, Part III, Line 4D

Books sold facilitate the study of religion and philosophy.

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01577
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01942
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02868
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01487
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01208
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09082
IRS990ScheduleA/InvestmentIncomeCYPct00.03000
IRS990ScheduleA/InvestmentIncomePYPct00.03000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97230
IRS990ScheduleA/PublicSupportPY509Pct00.96890
IRS990ScheduleA/PublicSupportTotal509Amt0318375
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt046562
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt072796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt087491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt036153
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt075373
IRS990ScheduleA/Total509Grp/TotalAmt0318375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt048139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt074738
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt090359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt037640
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt076581
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0327457
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0625233
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019874
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0281886
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0363221
IRS990ScheduleD/EquipmentGrp/BookValueAmt010494
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01753
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012247
IRS990ScheduleD/LandGrp/BookValueAmt051003
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0686730
IRS990ScheduleD/TotalLiabilityAmt0200
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt15000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt25000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt35000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt45000
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CONFERENCE CENTER ACQUISITION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CONFERENCE CENTER ACQUISITION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2CONFERENCE CENTER ACQUISITION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3CONFERENCE CENTER ACQUISITION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4CONFERENCE CENTER IMPROVEMENTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt120000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt225000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt310000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt410000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MARK SEABRIGHT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1CHARLES GEGENHEIMER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2ROBERT HARWOOD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3WILLIAM KING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4MICHAEL WHITELY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0MEMBER/FRMR OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1MEMBER/OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4MEMBER/OFFICER
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/TotalBalanceDueAmt025000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENCOURAGE, COORDINATE AND DISSEMINATE INFORMATION IN THE STUDY OF CHRISTIAN AND OTHER SYSTEMS OF RELIGION, PHILOSOPHY AND RELIGIOUS MYSTICISM FOR THE PURPOSE OF THE EDUCATION AND EDIFICATION OF THE GENERAL PUBLIC, AND TO PROMOTE THE IMPLEMENTATION OF METHODS OF SPIRITUAL ATTAINMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOOKS SOLD FACILITATE THE STUDY OF RELIGION AND PHILOSOPHY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT THE BOARD OF DIRECTORS, AND THE BOARD OF DIRECTORS APPOINT THE OFFICERS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS SETS POLICIES AND SUPERVISES THE BUSINESS AND AFFAIRS OF THE FOUNDATION. ACTION BY THE MEMBERS IS REQUIRED WHERE THE LAW OR BYLAWS REQUIRE AUTHORIZATION BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING MEMBERS RECEIVE AND REVIEW A COPY OF THE RETURN PRIOR TO FILING. ANY COMMENTS OR CHANGES ARE COMMUNICATED TO THE PRESIDENT AND INCORPORATED INTO THE RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IF ANY OFFICER OR DIRECTOR HAS A CONFLICT OF INTEREST WITH THE FOUNDATION, HE OR SHE SHALL CALL SUCH CONFLICT TO THE ATTENTION OF THE BOARD OF DIRECTORS. AFTER IDENTIFYING THE ISSUE, MATTER OR TRANSACTION TO WHICH A CONFLICT EXISTS, AN OFFICER OR DIRECTOR SHALL WITHDRAW FROM ANY FURTHER INVOLVEMENT IN THAT ISSUE, UNLESS THE BOARD OF DIRECTORS DETERMINE THE CONFLICT IS IMMATERIAL OR NOT ADVERSE TO THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND FOR INSPECTION AT THE FOUNDATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0793159
IRS990/TotalAssetsEOYAmt0721148
IRS990/TotalAssetsGrp/BOYAmt0793159
IRS990/TotalAssetsGrp/EOYAmt0721148
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt022449
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012761
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt028943
IRS990/TotalFunctionalExpensesGrp/TotalAmt041704
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt085300
IRS990/TotalLiabilitiesEOYAmt025200
IRS990/TotalLiabilitiesGrp/BOYAmt085300
IRS990/TotalLiabilitiesGrp/EOYAmt025200
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0707859
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0695948
IRS990/TotalProgramServiceExpensesAmt028943
IRS990/TotalProgramServiceRevenueAmt017706
IRS990/TotalRevenueGrp/ExclusionAmt07778
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-434
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt029793

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