Civic Intelligence

Godspeed Resources Connection Inc

990 • Fiscal year 2018 • EIN 52-1863010

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 19, 2019

7520 Monticello RoadClumbia, SC 29203

(803) 744-0841

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

40th percentile

-0.2%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

96th percentile

$71,150

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

56th percentile

4.6%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

-5.3%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$150,324

Up $6,588 (+4.6%) from 2017

Net Assets

Down

$142,937

Down $799 (-0.6%) from 2017

Liabilities

Up

$7,387

Up $7,387 from 2017

Revenue

Down

$379,593

Down $21,374 (-5.3%) from 2017

Expenses

Up

$380,392

Up $25,206 (+7.1%) from 2017

Net Income

Down

-$799

Down $46,580 (-102%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $22,007Liabilities 2010: $1,852Net Assets 2010: $20,1552010Assets 2011: $46,648Liabilities 2011: $1,585Net Assets 2011: $45,0632011Assets 2012: $56,034Liabilities 2012: $0Net Assets 2012: $56,0342012Assets 2013: $51,876Liabilities 2013: $0Net Assets 2013: $51,8762013Assets 2014: $88,980Liabilities 2014: $2,891Net Assets 2014: $86,0892014Assets 2015: $157,061Liabilities 2015: $7,208Net Assets 2015: $149,8532015Assets 2016: $97,955Liabilities 2016: $0Net Assets 2016: $97,9552016Assets 2017: $143,736Liabilities 2017: $0Net Assets 2017: $143,7362017Assets 2018: $150,324Liabilities 2018: $7,387Net Assets 2018: $142,9372018Assets 2019: $179,524Liabilities 2019: $276Net Assets 2019: $179,2482019Assets 2020: $294,278Liabilities 2020: $0Net Assets 2020: $294,2782020Assets 2021: $307,600Liabilities 2021: $2,000Net Assets 2021: $305,6002021Assets 2022: $728,193Liabilities 2022: $257,553Net Assets 2022: $470,6402022Assets 2023: $750,854Liabilities 2023: $155,089Net Assets 2023: $595,7652023Assets 2024: $753,081Liabilities 2024: $129,347Net Assets 2024: $623,7342024

Highlighted filing

2018

Assets$150,324
Liabilities$7,387
Net Assets$142,937

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $172,7172010Expenses 2011: $158,7862011Expenses 2012: $194,6542012Revenue 2013: $197,082Expenses 2013: $201,240Net Income 2013: -$4,1582013Revenue 2014: $176,420Expenses 2014: $186,969Net Income 2014: -$10,5492014Revenue 2015: $424,678Expenses 2015: $363,153Net Income 2015: $61,5252015Revenue 2016: $416,293Expenses 2016: $468,191Net Income 2016: -$51,8982016Revenue 2017: $400,967Expenses 2017: $355,186Net Income 2017: $45,7812017Revenue 2018: $379,593Expenses 2018: $380,392Net Income 2018: -$7992018Revenue 2019: $519,147Expenses 2019: $482,836Net Income 2019: $36,3112019Revenue 2020: $624,514Expenses 2020: $509,484Net Income 2020: $115,0302020Revenue 2021: $605,481Expenses 2021: $594,159Net Income 2021: $11,3222021Revenue 2022: $838,296Expenses 2022: $673,256Net Income 2022: $165,0402022Revenue 2023: $993,453Expenses 2023: $868,328Net Income 2023: $125,1252023Revenue 2024: $914,789Expenses 2024: $886,820Net Income 2024: $27,9692024

Highlighted filing

2018

Revenue$379,593
Expenses$380,392
Net Income-$799
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 19, 2019
Return Version
2018v3.1
Gross Receipts
$379,593
Mission and Program Overview

Mission

Valeo is dedicated to enabling global workers to thrive valeo exclusively serves those sent to minister cross-culturally by providing preventative and restorative care to strengthen their well-being and ministry.

Grc is dedicated to enabling global workers to thrive grc exclusively serves those sent to minister cross-culturally by providing preventative and restorative care to strengthen their well-being and ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$80,215$75,263▼ $4,952
Cash and Non-Interest-Bearing Accounts$30,727$41,105▲ $10,378
Land, Buildings, and Equipment, Net$31,449$31,092▼ $357
Accounts Receivable-$2,117-
Prepaid Expenses and Deferred Charges$1,345$747▼ $598
Total Assets$143,736$150,324▲ $6,588
Liabilities
Accounts Payable and Accrued Expenses-$7,387-
Total Liabilities$0$7,387▲ $7,387
Net Assets / Fund Balance
Temporarily Rstr Net Assets$98,295$98,664▲ $369
Unrestricted Net Assets$45,441$44,273▼ $1,168
Total Net Assets Fund Balance$143,736$142,937▼ $799
Total Liabilities and Net Assets / Fund Balance$143,736$150,324▲ $6,588

Asset Categories

AssetBook ValueDepreciationBasis
Land$51,000-$25,500
Equipment$5,592$11,857$17,449
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Curtis McgownExecutive DiFT$71,150$71,150

Board Members and Trustees

NameTitle
Karl SchoenleberPresident
Bill BraniganDirector
Cindy WestDirector
Ken WestDirector
Tony GrayDirector
Dawn SchoenleberSecretary
Mary Jo LivingstonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$332,826
Program Service Revenue
$46,211
Investment Income
$556
Other Revenue
$0
All Other Contributions
$332,826
Change in Net Assets
$-799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$275,648
Other Expenses$104,744
Total Fundraising Expense$41,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$114,145$57,073$19,025$190,243
Current Officers, Directors, Trustees, and Key Employees$42,690$21,345$7,115$71,150
Travel$34,372--$34,372
Advertising$10,313$2,063$8,251$20,627
Payroll Taxes$8,553$4,277$1,425$14,255
Occupancy$6,000$4,800$1,200$12,000
Insurance$3,396$971$485$4,852
Office Expenses$2,660$851$878$4,389
Fees for Services Accounting-$3,200-$3,200
Other Expenses$1,703$851$284$2,838
All Other Expenses$2,048$236-$2,284
Depreciation Depletion$1,011$505$168$1,684
Total Functional Expenses$229,672$109,108$41,612$380,392
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
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, Page 6, Part VI, Line 2

Karl schoenleber dawn schoenleber president secretary family relationship ken west cindy west director director family relationship

Form 990, Page 6, Part VI, Line 8B

The organization does not have any committees with the authority to act on behalf of the governing body.

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

Form 990 is prepared by an independent cpa firm and reviewed by the executive director. The reviewed 990 is then provided to the board of directors for review prior to filing with the irs.

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

An annual disclosure statement is distributed to board members, officers, and employees. Anyone with a conflict must abstain from discussions and voting with respect to the subject of the conflict.

Form 990, Page 6, Part VI, Line 15A

The executive director's salary is approved by the board through approval of the budget. The board conducts a survey to ensure that compensation is reasonable compared to similar organizations.

Form 990, Page 6, Part VI, Line 19

The governing documents and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Godspeed Resources Connection Inc
EIN
52-1863010
Phone
8037440841
Address
7520 MONTICELLO ROAD, CLUMBIA, SC 29203

Signing Officer

Name
Curtis Mcgown
Title
Executive Director
Phone
8037440841
Signed
2019-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curtis Mcgown
Formed
1994
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
23

Preparer

Firm
Burkett Burkett & Burkett Cpas Pa
Address
PO BOX 2044, WEST COLUMBIA, SC 29171
Preparer
Matthew P Hodges CPA
Phone
8037943712
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 1

For 2018, the organization has elected to change its accounting method from the cash basis to the accrual basis, to comply with financial accounting standards codification 958, not-for-profit entities (asc 958), as allowed by notice 96-30, 1996-1 c.b. 378. No adjustments are required to be made to the prior year (2017)'s ending net assets.

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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/ExplanationTxt0KARL SCHOENLEBER DAWN SCHOENLEBER PRESIDENT SECRETARY FAMILY RELATIONSHIP KEN WEST CINDY WEST DIRECTOR DIRECTOR FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE EXECUTIVE DIRECTOR. THE REVIEWED 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ANNUAL DISCLOSURE STATEMENT IS DISTRIBUTED TO BOARD MEMBERS, OFFICERS, AND EMPLOYEES. ANYONE WITH A CONFLICT MUST ABSTAIN FROM DISCUSSIONS AND VOTING WITH RESPECT TO THE SUBJECT OF THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE BOARD THROUGH APPROVAL OF THE BUDGET. THE BOARD CONDUCTS A SURVEY TO ENSURE THAT COMPENSATION IS REASONABLE COMPARED TO SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FOR 2018, THE ORGANIZATION HAS ELECTED TO CHANGE ITS ACCOUNTING METHOD FROM THE CASH BASIS TO THE ACCRUAL BASIS, TO COMPLY WITH FINANCIAL ACCOUNTING STANDARDS CODIFICATION 958, NOT-FOR-PROFIT ENTITIES (ASC 958), AS ALLOWED BY NOTICE 96-30, 1996-1 C.B. 378. NO ADJUSTMENTS ARE REQUIRED TO BE MADE TO THE PRIOR YEAR (2017)'S ENDING NET ASSETS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 1
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0229672
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IRS990/TotalGrossUBIAmt00
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ReturnHeader/BusinessOfficerGrp/PersonNm0CURTIS MCGOWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08037440841
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GODSPEED RESOURCES CONNECTION INC
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ReturnHeader/FilingSecurityInformation/IPDt02019-06-21
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ReturnHeader/FilingSecurityInformation/IPTm013:14:35
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570692602
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURKETT BURKETT & BURKETT CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2044
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029171
ReturnHeader/PreparerPersonGrp/PhoneNum08037943712
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW P HODGES CPA
ReturnHeader/ReturnTs02019-06-21T13:14:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.53$1.29$6.24$9.15$8.87$0.28
2023Detailed filing. Detailed filing data is available for this year.$7.51$1.55$5.96$9.93$8.68$1.25
2022Detailed filing. Detailed filing data is available for this year.$7.28$2.58$4.71$8.38$6.73$1.65
2021Detailed filing. Detailed filing data is available for this year.$3.08$0.02$3.06$6.05$5.94$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$6.25$5.09$1.15
2019Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.79$5.19$4.83$0.36
2018Detailed filing. Detailed filing data is available for this year.$1.50$0.07$1.43$3.80$3.80$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$4.01$3.55$0.46
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$4.16$4.68$0.52
2015Summary only. Only limited summary data is available for this year.$1.57$0.07$1.50$4.25$3.63$0.62
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.03$0.86$1.76$1.87$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.97$2.01$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$1.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.02$0.45$1.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.02$0.20$1.73