Civic Intelligence

Gwac Foundation Inc.

990EZ • Fiscal year 2020 • EIN 52-1871143

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 14, 2021

Organization ProfileGwacdc.org
PO Box 75183Washington, DC 20013

(215) 317-0674

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

97th percentile

91%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$174,443

Up $24,352 (+16%) from 2012

Net Assets

Up

$174,443

Up $24,760 (+17%) from 2012

Liabilities

Down

$0

Down $408 (-100%) from 2012

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin97th percentile

Revenue

Up

$106,753

Up $82,803 (+346%) from 2012

Expenses

Down

$9,930

Down $23,049 (-70%) from 2012

Net Income

Up

$96,823

Up $105,852 (+1172%) from 2012

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200K$150K$100K$50K$0Assets 2010: $101,551Net Assets 2010: $101,5512010Assets 2011: $151,116Liabilities 2011: $2,4042011Assets 2012: $150,091Liabilities 2012: $408Net Assets 2012: $149,6832012Assets 2020: $174,443Liabilities 2020: $0Net Assets 2020: $174,4432020

Highlighted filing

2020

Assets$174,443
Liabilities$0
Net Assets$174,443
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0-$50KRevenue 2010: $12,341Expenses 2010: $19,189Net Income 2010: -$6,8482010Revenue 2011: $39,405Expenses 2011: $21,788Net Income 2011: $17,6172011Revenue 2012: $23,950Expenses 2012: $32,979Net Income 2012: -$9,0292012Revenue 2020: $106,753Expenses 2020: $9,930Net Income 2020: $96,8232020

Highlighted filing

2020

Revenue$106,753
Expenses$9,930
Net Income$96,823
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 14, 2021
Return Version
2020v4.1
Gross Receipts
$194,964
Mission and Program Overview

Mission

Empowering african american community

Program Services

DescriptionGrantsExpenses
GWAC FOUNDATION INC AWARDED THREE $1,500 SCHOLARSHIPS AND ONE $500 SCHOLARSHIP TO LAW STUDENTS$5,000-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ASHLEY MCFARLANDChair-$0--
CARLA JORDAN-DETAMORETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Gwac Foundation Inc
EIN
52-1871143
Address
PO BOX 75183, Washington, DC 20013

Signing Officer

Name
Carla Jordan-detamore
Title
Treasurer
Phone
2153170674
Signed
2021-10-14
Discuss with paid preparer
No

Preparer

Firm
Liberty Tax
Address
4010 Maury Pl Suite 7B, Alexandria, VA 22309-2324
Preparer
Joyce B Jordan
Phone
7033600946
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountWIZARDS GAME 273”

List of grants and similar amounts paid Part I line 10

“Activity BAR SCHOLARSHIP Grantee JANAE STAICER Amount 1,500Activity BAR SCHOLARSHIP Grantee BILQIS W WILKERSON Amount 1,500Activity COVID 19 SCHOLARSHIP Grantee MEGAN MOFFETT Amount 1,500Activity BOOK SCHOLARSHIP Grantee DIONNE DILLARD Amount 500”

Description of other expenses Part I line 16

“Description AmountEVENT CANCELLATION FEE 1,715BANK FEE 19PAYPAL FEE 25DC GOVT FEEE 80”

Raw XML Appendix147 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0CARLA JORDAN-DETAMORE
IRS990EZ/BooksInCareOfDetail/PhoneNum02153170674
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 75183
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Washington
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd020013
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02620
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0174443
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt03301
IRS990EZ/CostOrOtherBasisExpenseSaleAmt088211
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt096823
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt077620
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0174443
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0103179
IRS990EZ/GrantsAndSimilarAmountsPaidAmt05000
IRS990EZ/GrossReceiptsAmt0194964
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt075000
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt077620
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0174443
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt077620
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0174443
IRS990EZ/OccupancyRentUtltsAndMaintAmt01675
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ASHLEY MCFARLAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CARLA JORDAN-DETAMORE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt01839
IRS990EZ/OtherRevenueTotalAmt0273
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EMPOWERING AFRICAN AMERICAN COMMUNITY
IRS990EZ/PrintingPublicationsPostageAmt01416
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GWAC FOUNDATION INC AWARDED THREE $1,500 SCHOLARSHIPS AND ONE $500 SCHOLARSHIP TO LAW STUDENTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt05000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt0191390
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt09930
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0106753
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03301
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03301
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0273
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0273
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt03574
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03574
IRS990ScheduleA/Total509Grp/TotalAmt03574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03574
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SALE OF DONATED PROPERTY
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1SALE OF CONDO FURNISHINGS
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02020-04-16
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12020-04-16
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0190000
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt11390
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0INDIVIDUAL
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0APPRAISAL
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1COMPARABLE SALES
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0GEORGINA PAOLA GANUM
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt05500 FRIENDSHIP BOULEVARD APT 1519
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Chevy Chase
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0MD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd020815
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountWIZARDS GAME 273
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity BAR SCHOLARSHIP Grantee JANAE STAICER Amount 1,500Activity BAR SCHOLARSHIP Grantee BILQIS W WILKERSON Amount 1,500Activity COVID 19 SCHOLARSHIP Grantee MEGAN MOFFETT Amount 1,500Activity BOOK SCHOLARSHIP Grantee DIONNE DILLARD Amount 500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountEVENT CANCELLATION FEE 1,715BANK FEE 19PAYPAL FEE 25DC GOVT FEEE 80
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLA JORDAN-DETAMORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02153170674
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GWAC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GWAC
ReturnHeader/Filer/EIN0521871143
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 75183
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020013
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541975674
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIBERTY TAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04010 Maury Pl Suite 7B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Alexandria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0223092324
ReturnHeader/PreparerPersonGrp/PhoneNum07033600946
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOYCE B JORDAN
ReturnHeader/ReturnTs02021-10-19T16:53:36-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CARLA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JORDAN-DETAMORE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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
$174,443
Liabilities
$0
Net assets
$174,443
Revenue
$106,753
Expenses
$9,930
Net income
$96,823
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$1.07$0.10$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.00$1.50$0.24$0.33$0.09
2011Summary only. Only limited summary data is available for this year.$1.51$0.02$0.39$0.22$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$1.02$0.12$0.19$0.07
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits