Civic Intelligence

Old Baldy Foundation Inc.

990 • Fiscal year 2013 • EIN 56-1457766

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 09, 2014

PO Box 300728461

(910) 457-7481

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.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

48th percentile

2.2%

Higher net margin than 48% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

70th percentile

$52,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

44th percentile

0.4%

Faster asset growth than 44% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Up

$973,475

Up $4,185 (+0.4%) from 2012

Net Assets

Up

$972,102

Up $6,035 (+0.6%) from 2012

Liabilities

Down

$1,373

Down $1,850 (-57%) from 2012

Revenue

$272,249

No earlier filing loaded for comparison.

Expenses

Down

$266,214

Down $13,164 (-4.7%) from 2012

Net Income

$6,035

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $938,011Liabilities 2010: $612Net Assets 2010: $937,3992010Assets 2011: $948,385Liabilities 2011: $1,595Net Assets 2011: $946,7902011Assets 2012: $969,290Liabilities 2012: $3,223Net Assets 2012: $966,0672012Assets 2013: $973,475Liabilities 2013: $1,373Net Assets 2013: $972,1022013Assets 2014: $976,667Liabilities 2014: $1,538Net Assets 2014: $975,1292014Assets 2015: $954,957Liabilities 2015: $6,562Net Assets 2015: $948,3952015Assets 2016: $967,308Liabilities 2016: $2,422Net Assets 2016: $964,8862016Assets 2017: $1,039,677Liabilities 2017: $1,641Net Assets 2017: $1,038,0362017Assets 2018: $993,918Liabilities 2018: $2,027Net Assets 2018: $991,8912018Assets 2019: $1,068,979Liabilities 2019: $4,289Net Assets 2019: $1,064,6902019Assets 2020: $1,207,716Liabilities 2020: $313,546Net Assets 2020: $894,1702020Assets 2021: $1,744,666Liabilities 2021: $290,417Net Assets 2021: $1,454,2492021Assets 2022: $1,747,249Liabilities 2022: $264,468Net Assets 2022: $1,482,7812022Assets 2023: $2,126,808Liabilities 2023: $283,824Net Assets 2023: $1,842,9842023Assets 2024: $2,469,323Liabilities 2024: $220,546Net Assets 2024: $2,248,7772024

Highlighted filing

2013

Assets$973,475
Liabilities$1,373
Net Assets$972,102

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $231,6062010Expenses 2011: $359,2272011Expenses 2012: $279,3782012Revenue 2013: $272,249Expenses 2013: $266,214Net Income 2013: $6,0352013Revenue 2014: $299,280Expenses 2014: $296,253Net Income 2014: $3,0272014Revenue 2015: $270,987Expenses 2015: $297,721Net Income 2015: -$26,7342015Revenue 2016: $320,158Expenses 2016: $303,667Net Income 2016: $16,4912016Revenue 2017: $399,296Expenses 2017: $326,146Net Income 2017: $73,1502017Revenue 2018: $309,036Expenses 2018: $355,181Net Income 2018: -$46,1452018Revenue 2019: $445,645Expenses 2019: $372,846Net Income 2019: $72,7992019Revenue 2020: $218,215Expenses 2020: $384,735Net Income 2020: -$166,5202020Revenue 2021: $930,848Expenses 2021: $370,769Net Income 2021: $560,0792021Revenue 2022: $358,841Expenses 2022: $330,309Net Income 2022: $28,5322022Revenue 2023: $697,294Expenses 2023: $337,091Net Income 2023: $360,2032023Revenue 2024: $925,169Expenses 2024: $519,376Net Income 2024: $405,7932024

Highlighted filing

2013

Revenue$272,249
Expenses$266,214
Net Income$6,035
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 9, 2014
Return Version
2013v3.1
Gross Receipts
$407,515
Mission and Program Overview

Mission

Purpose of the foundation is the operation and restoration of old baldy, a lighthouse on bald head island, nc. This is done through public donations, retail sales, museum and lighthouse fees and special tours/programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$966,067$972,102▲ $6,035
Land, Buildings, and Equipment, Net$452,045$411,873▼ $40,172
Cash and Non-Interest-Bearing Accounts$334,536$298,476▼ $36,060
Savings and Temporary Cash Investments$125,780$201,630▲ $75,850
Inventories for Sale or Use$49,638$56,190▲ $6,552
Accounts Receivable$1,961$3,448▲ $1,487
Prepaid Expenses and Deferred Charges$770$770→ $0
Total Assets$969,290$973,475▲ $4,185
Other Assets Total$4,560$1,088▼ $3,472
Liabilities
Accounts Payable and Accrued Expenses$2,607$1,218▼ $1,389
Other Liabilities$616$155▼ $461
Total Liabilities$3,223$1,373▼ $1,850
Net Assets / Fund Balance
Total Net Assets Fund Balance$966,067$972,102▲ $6,035
Total Liabilities and Net Assets / Fund Balance$969,290$973,475▲ $4,185

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$391,162$1,447,235$1,838,397
Equipment$5,206$9,982$15,188
Other Land Buildings$10,505$2,358$12,863
Land$5,000-$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary E SpringmeierExecutive DiFT$52,000$52,000

Board Members and Trustees

NameTitle
Anita SchnogBoard Member
Doreen FairbankBoard Member
George EdwardsBoard Member
Jim HenryBoard Member
Mark J PrakBoard Member
Randy JonesBoard Member
Shirley MayfieldBoard Member
Tammy S GordonBoard Member
Chris WebbPres/treas.
Kim GottshallSecretary
Marilyn RidgewayVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$70,082
Program Service Revenue
$143,672
Investment Income
$1,466
Other Revenue
$57,029
All Other Contributions
$35,640
Change in Net Assets
$6,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,251
Salaries, Compensation, and Employee Benefits$126,963
Total Fundraising Expense$1,318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$56,752--$56,752
Current Officers, Directors, Trustees, and Key Employees$26,000$26,000-$52,000
Depreciation Depletion$43,098$570-$43,668
Occupancy$29,623--$29,623
Insurance$19,797$1,417-$21,214
Payroll Taxes$8,847$3,791-$12,638
Office Expenses$2,500$5,002$834$8,336
Other Employee Benefits$3,901$1,672-$5,573
Advertising$3,439-$382$3,821
All Other Expenses$2,061$884$102$3,047
Conferences and Meetings-$2,463-$2,463
Other Expenses$700$700-$1,400
Fees for Services Other-$782-$782
Fees for Services Accounting-$780-$780
Total Functional Expenses$211,634$53,262$1,318$266,214
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,795
Fundraising Gross Income$27,541
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$61,983$27,541$36,795$-9,254
Total Events$61,983$27,541$36,795$-9,254
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Sales Tax$155
Payroll Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 11B

Electronic copy of 990 emailed to officers prior to filing.

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

Relatively small organization and conflicts would be known by other board members.

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

The board of directors determines salaries.

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

The board of directors approve salaries.

Form 990, Page 6, Part VI, Line 19

Governing documents available upon request.

Filing and Contact Details

Filer

EIN
56-1457766
Phone
9104577481

Signing Officer

Name
Chris Webb
Title
Treasurer
Phone
9104577481
Signed
2014-06-09
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
50

Preparer

Preparer
Jason C Keller
Phone
9103955445
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IRS990/OtherExpensesGrp/TotalAmt015867
IRS990/OtherExpensesGrp/TotalAmt16344
IRS990/OtherExpensesGrp/TotalAmt21906
IRS990/OtherExpensesGrp/TotalAmt31400
IRS990/OtherLiabilitiesGrp/BOYAmt0616
IRS990/OtherLiabilitiesGrp/EOYAmt0155
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUES
IRS990/OtherRevenueMiscGrp/ExclusionAmt01115
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01115
IRS990/OtherRevenueTotalAmt01115
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt056752
IRS990/OtherSalariesAndWagesGrp/TotalAmt056752
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03791
IRS990/PayrollTaxesGrp/ProgramServicesAmt08847
IRS990/PayrollTaxesGrp/TotalAmt012638
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0770
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0770
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MUSEUM/LIGHTHOUSE FEES & TOUR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0143672
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0143672
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt098444
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02907
IRS990/PYOtherExpensesAmt0152598
IRS990/PYOtherRevenueAmt059153
IRS990/PYProgramServiceRevenueAmt0138151
IRS990/PYRevenuesLessExpensesAmt019277
IRS990/PYSalariesCompEmpBnftPaidAmt0126780
IRS990/PYTotalExpensesAmt0279378
IRS990/PYTotalRevenueAmt0298655
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt06035
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0143672
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0966067
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0972102
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0125780
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0201630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt070082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt098444
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt080670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt073775
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt077645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0400616
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02907
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03633
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010202
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023859
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0307311
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94060
IRS990ScheduleA/PublicSupportPY170Pct00.91650
IRS990ScheduleA/PublicSupportTotal170Amt0400616
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt070082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt098444
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt080670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt073775
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt077645
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0400616
IRS990ScheduleA/TotalSupportAmt0425920
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt01445
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01445
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0391162
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01447235
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01838397
IRS990ScheduleD/EquipmentGrp/BookValueAmt05206
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09982
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015188
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010505
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02358
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012863
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALES TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0411873
IRS990ScheduleD/TotalLiabilityAmt0155
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt034442
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt034442
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt036795
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt061983
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt061983
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027541
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt027541
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0LIGHTHOUSE DAY
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9254
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt036795
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt036795
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELECTRONIC COPY OF 990 EMAILED TO OFFICERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RELATIVELY SMALL ORGANIZATION AND CONFLICTS WOULD BE KNOWN BY OTHER BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVE SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0969290
IRS990/TotalAssetsEOYAmt0973475
IRS990/TotalAssetsGrp/BOYAmt0969290
IRS990/TotalAssetsGrp/EOYAmt0973475
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt070082
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01318
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053262
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0211634
IRS990/TotalFunctionalExpensesGrp/TotalAmt0266214
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03223
IRS990/TotalLiabilitiesEOYAmt01373
IRS990/TotalLiabilitiesGrp/BOYAmt03223
IRS990/TotalLiabilitiesGrp/EOYAmt01373
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0966067
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0972102
IRS990/TotalProgramServiceExpensesAmt0211634
IRS990/TotalProgramServiceRevenueAmt0143672
IRS990/TotalReportableCompFromOrgAmt052000
IRS990/TotalRevenueGrp/ExclusionAmt0-6673
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0208840

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.47$0.22$2.25$0.93$0.52$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.13$0.28$1.84$0.70$0.34$0.36
2022Detailed filing. Detailed filing data is available for this year.$1.75$0.26$1.48$0.36$0.33$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.74$0.29$1.45$0.93$0.37$0.56
2020Detailed filing. Detailed filing data is available for this year.$1.21$0.31$0.89$0.22$0.38$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.06$0.45$0.37$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.31$0.36$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.40$0.33$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.96$0.32$0.30$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.01$0.95$0.27$0.30$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.30$0.30$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.27$0.27$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.00$0.95$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$0.23