Civic Intelligence

Edgar Tufts Memorial Association Inc

990 • Fiscal year 2018 • EIN 56-0708071

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 12, 2019

PO Box 1Barium Springs, NC 28010

(704) 872-4157

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

33rd percentile

0.00x

Higher debt load relative to revenue than 33% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

5th percentile

-68%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

32nd percentile

-3.4%

Faster asset growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-4.5%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$827,957

Down $29,443 (-3.4%) from 2017

Net Assets

Down

$827,777

Down $29,420 (-3.4%) from 2017

Liabilities

Down

$180

Down $23 (-11%) from 2017

Revenue

Down

$43,401

Down $2,054 (-4.5%) from 2017

Expenses

Down

$73,033

Down $965 (-1.3%) from 2017

Net Income

Down

-$29,632

Down $1,089 (-3.8%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,041,585Liabilities 2011: $36,414Net Assets 2011: $1,005,1712011Assets 2012: $1,010,470Liabilities 2012: $107,070Net Assets 2012: $903,4002012Assets 2013: $979,592Liabilities 2013: $151,956Net Assets 2013: $827,6362013Assets 2014: $946,331Liabilities 2014: $1,730Net Assets 2014: $944,6012014Assets 2015: $916,116Liabilities 2015: $205Net Assets 2015: $915,9112015Assets 2016: $892,625Liabilities 2016: $7,149Net Assets 2016: $885,4762016Assets 2017: $857,400Liabilities 2017: $203Net Assets 2017: $857,1972017Assets 2018: $827,957Liabilities 2018: $180Net Assets 2018: $827,7772018Assets 2019: $807,101Liabilities 2019: $147Net Assets 2019: $806,9542019Assets 2020: $798,208Liabilities 2020: $6,521Net Assets 2020: $791,6872020Assets 2021: $770,265Liabilities 2021: $166Net Assets 2021: $770,0992021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$827,957
Liabilities$180
Net Assets$827,777

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $15,454Expenses 2011: $80,019Net Income 2011: -$64,5652011Revenue 2012: $23,390Expenses 2012: $125,161Net Income 2012: -$101,7712012Revenue 2013: $22,965Expenses 2013: $98,729Net Income 2013: -$75,7642013Revenue 2014: $51,994Expenses 2014: $78,975Net Income 2014: -$26,9812014Revenue 2015: $27,794Expenses 2015: $56,131Net Income 2015: -$28,3372015Revenue 2016: $37,906Expenses 2016: $68,311Net Income 2016: -$30,4052016Revenue 2017: $45,455Expenses 2017: $73,998Net Income 2017: -$28,5432017Revenue 2018: $43,401Expenses 2018: $73,033Net Income 2018: -$29,6322018Revenue 2019: $59,614Expenses 2019: $80,470Net Income 2019: -$20,8562019Revenue 2020: $31,761Expenses 2020: $47,555Net Income 2020: -$15,7942020Revenue 2021: $51,720Expenses 2021: $73,787Net Income 2021: -$22,0672021Revenue 2022: $19,882Expenses 2022: $789,981Net Income 2022: -$770,0992022

Highlighted filing

2018

Revenue$43,401
Expenses$73,033
Net Income-$29,632
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 12, 2019
Return Version
2017v2.3
Gross Receipts
$43,401
Mission and Program Overview

Mission

To honor the loving memory of the reverend edgar tufts, while providing safe and wholesome family-centered recreational opportunities at wildcat lake and tufts park.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$848,088$818,412▼ $29,676
Investments Program Related$8,604$9,012▲ $408
Cash and Non-Interest-Bearing Accounts$663$410▼ $253
Accounts Receivable$45$123▲ $78
Total Assets$857,400$827,957▼ $29,443
Liabilities
Accounts Payable and Accrued Expenses$203$180▼ $23
Total Liabilities$203$180▼ $23
Net Assets / Fund Balance
Unrestricted Net Assets$857,197$827,777▼ $29,420
Total Net Assets Fund Balance$857,197$827,777▼ $29,420
Total Liabilities and Net Assets / Fund Balance$857,400$827,957▼ $29,443

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$801,250$273,833$1,075,083
Buildings$15,600$19,065$34,665
Equipment$1,562$6,250$7,812
Compensation and Service Providers

Employees

NameTitleOtherTotal
Stephanie KnowlesCOO$141,089$141,089
Abigail LordCDO$101,187$101,187

Board Members and Trustees

NameTitle
Susan CarterChair
Dan BrubakerVice-chair
Bill TateBoard Member
Brenda LyerlyBoard Member
David BumgarnerBoard Member
Lee MetzgerBoard Member
Tom McauliffeBoard Member
Toni LittletonBoard Member
Celeste DominguezCbro
John KoppelmeyerCEO
Jason AinsleyCFO
Les BroussardSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$39,682
Program Service Revenue
$0
Investment Income
$196
Other Revenue
$3,523
All Other Contributions
$1,372
Change in Net Assets
$-29,632

Audited Revenue Reconciliation

Revenue per Audited Statements
$43,401
Revenue Not Reported on Form 990
$212
Total Revenue per Audited Statements
$43,613
Total Revenue per Form 990
$43,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,033
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
Depreciation Depletion$29,676--$29,676
Occupancy$2,900--$2,900
Fees for Services Management-$2,660-$2,660
Other Expenses$1,117--$1,117
Total Functional Expenses$70,373$2,660$0$73,033

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$73,033
Total Expenses per Audited Statements$73,033
Total Expenses per Form 990$73,033
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Children's hope alliance is the sole member of edgar tufts memorial association, inc.

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

The trustees of the corporation shall be appointed by a resolution of the board of trustees of member. Approved candidates shall be appointed at the annual meeting. Each trustee shall hold office until the first of the following to occur: until his or her successor shall have been duly elected and shall have qualified; or until his or her death or disability, or until he or she shall resign in writing; or until he or she shall have been removed in the manner hereinafter provided.

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

The entity that the corporation supports, children's hope alliance, shall have and exercise the following reserve powers: (a) to appoint or remove trustees; (b) to approve amendments to the articles of incorporation or bylaws of the corporation; (c) to appoint or remove the chief executive officer of the corporation; (d) to approve all annual budgets and audited financial statements and to approve any deficit budget; (e) to receive annual audits, interview the auditor, and approve form 990 returns before they are filed; (f) to consent, in writing, to all decisions of the board made at regular and special meetings, which consent shall not be unreasonably withheld; (g) to approve the construction of any new or the alteration of any existing facility involving an expenditure of 200,000.00 or more; (h) to sell, mortgage, pledge or alienate all or any part of the real estate or substantially all of the other assets of the corporation except that the member may not transfer those properties of the corporation, as they exist on the date that these restated bylaws are adopted, to properties for children; (i) to dissolve the corporation; and (j) to specify the distributee of its assets.

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

Board members review the 990 for accuracy and consistency with information presented in the audited financial statements.

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

Internal controls over financial reporting ensure that conflicts of interests do not exist.

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

The board uses market data as well as performance indicators in determining compensation.

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

The board uses market data as well as performance indicators in determining compensation.

Form 990, Page 6, Part VI, Line 19

Upon request the appropriate documents are provided to the inquirer by an agreed method.

Filing and Contact Details

Filer

Filer Name
Edgar Tufts Memorial
EIN
56-0708071
Phone
7048724157
Address
PO BOX 1, BARIUM SPRINGS, NC 28010

Signing Officer

Name
Jason Ainsley
Title
CFO
Phone
7048724157
Signed
2019-02-12

Organization Details

Principal Officer
Celeste Dominguez
Formed
1923
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Potts Rhyne & White Pa
Address
PO BOX 1189, STATESVILLE, NC 28687
Preparer
Rebecca C White
Phone
7048789541
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization that is not a private foundation under section 509(a)(2). Management believes that it has appropriate support for any tax positions taken and as such, does not have any uncertain tax positions that are material to the financial statements. Consequently, no liability is recognized in the accompanying statements of financial position for unrecognized income tax positions. Further, no interest or penalties have been accrued or charged to expense as of september 30, 2018 or 2017 or for the years then ended. The organizations federal return of organization exempt from income tax (form 990) for 2014 through 2017 are subject to examination by the irs, generally for three years after they were filed.

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IRS990/PoliticalCampaignActyInd0false
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 3,193
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. CONSEQUENTLY, NO LIABILITY IS RECOGNIZED IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION FOR UNRECOGNIZED INCOME TAX POSITIONS. FURTHER, NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE AS OF SEPTEMBER 30, 2018 OR 2017 OR FOR THE YEARS THEN ENDED. THE ORGANIZATIONS FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2014 THROUGH 2017 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt073033
IRS990ScheduleD/TotalRevenuePerForm990Amt043401
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt29514
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CELESTE DOMINGUEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JASON AINSLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOHN KOPPELMEYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CBRO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CEO
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0JOHN KOPPELMEYER 70,513 0 0
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHILDREN'S HOPE ALLIANCE IS THE SOLE MEMBER OF EDGAR TUFTS MEMORIAL ASSOCIATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUSTEES OF THE CORPORATION SHALL BE APPOINTED BY A RESOLUTION OF THE BOARD OF TRUSTEES OF MEMBER. APPROVED CANDIDATES SHALL BE APPOINTED AT THE ANNUAL MEETING. EACH TRUSTEE SHALL HOLD OFFICE UNTIL THE FIRST OF THE FOLLOWING TO OCCUR: UNTIL HIS OR HER SUCCESSOR SHALL HAVE BEEN DULY ELECTED AND SHALL HAVE QUALIFIED; OR UNTIL HIS OR HER DEATH OR DISABILITY, OR UNTIL HE OR SHE SHALL RESIGN IN WRITING; OR UNTIL HE OR SHE SHALL HAVE BEEN REMOVED IN THE MANNER HEREINAFTER PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ENTITY THAT THE CORPORATION SUPPORTS, CHILDREN'S HOPE ALLIANCE, SHALL HAVE AND EXERCISE THE FOLLOWING RESERVE POWERS: (A) TO APPOINT OR REMOVE TRUSTEES; (B) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; (C) TO APPOINT OR REMOVE THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION; (D) TO APPROVE ALL ANNUAL BUDGETS AND AUDITED FINANCIAL STATEMENTS AND TO APPROVE ANY DEFICIT BUDGET; (E) TO RECEIVE ANNUAL AUDITS, INTERVIEW THE AUDITOR, AND APPROVE FORM 990 RETURNS BEFORE THEY ARE FILED; (F) TO CONSENT, IN WRITING, TO ALL DECISIONS OF THE BOARD MADE AT REGULAR AND SPECIAL MEETINGS, WHICH CONSENT SHALL NOT BE UNREASONABLY WITHHELD; (G) TO APPROVE THE CONSTRUCTION OF ANY NEW OR THE ALTERATION OF ANY EXISTING FACILITY INVOLVING AN EXPENDITURE OF 200,000.00 OR MORE; (H) TO SELL, MORTGAGE, PLEDGE OR ALIENATE ALL OR ANY PART OF THE REAL ESTATE OR SUBSTANTIALLY ALL OF THE OTHER ASSETS OF THE CORPORATION EXCEPT THAT THE MEMBER MAY NOT TRANSFER THOSE PROPERTIES OF THE CORPORATION, AS THEY EXIST ON THE DATE THAT THESE RESTATED BYLAWS ARE ADOPTED, TO PROPERTIES FOR CHILDREN; (I) TO DISSOLVE THE CORPORATION; AND (J) TO SPECIFY THE DISTRIBUTEE OF ITS ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS REVIEW THE 990 FOR ACCURACY AND CONSISTENCY WITH INFORMATION PRESENTED IN THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INTERNAL CONTROLS OVER FINANCIAL REPORTING ENSURE THAT CONFLICTS OF INTERESTS DO NOT EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD USES MARKET DATA AS WELL AS PERFORMANCE INDICATORS IN DETERMINING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD USES MARKET DATA AS WELL AS PERFORMANCE INDICATORS IN DETERMINING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST THE APPROPRIATE DOCUMENTS ARE PROVIDED TO THE INQUIRER BY AN AGREED METHOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt1CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt2CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt3CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt4CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt5CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHILDREN'S HOPE ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1GRANDFATHER HOME FOR CHILDREN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CHILDREN'S HOPE ALLIANCE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3PROPERTIES FOR CHILDREN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4GRANDFATHER ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5BARIUM SPRINGS HOME FOR CHILDREN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0383672492
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1560529975
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2010653458
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3200704904

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