Civic Intelligence

Old Baldy Foundation Inc.

990 • Fiscal year 2014 • EIN 56-1457766

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 22, 2015

PO Box 3007Bald Head Island, NC 28461

(910) 457-7481

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

31st percentile

0.01x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

44th percentile

1.0%

Higher net margin than 44% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

61st percentile

$42,000

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

43rd percentile

0.3%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

61st percentile

9.9%

Faster revenue growth than 61% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$976,667

Up $3,192 (+0.3%) from 2013

Net Assets

Up

$975,129

Up $3,027 (+0.3%) from 2013

Liabilities

Up

$1,538

Up $165 (+12%) from 2013

Revenue

Up

$299,280

Up $27,031 (+9.9%) from 2013

Expenses

Up

$296,253

Up $30,039 (+11%) from 2013

Net Income

Down

$3,027

Down $3,008 (-50%) from 2013

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

2014

Assets$976,667
Liabilities$1,538
Net Assets$975,129

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

2014

Revenue$299,280
Expenses$296,253
Net Income$3,027
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 22, 2015
Return Version
2014v5.0
Gross Receipts
$431,269
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$972,102$975,129▲ $3,027
Savings and Temporary Cash Investments$201,630$454,510▲ $252,880
Land, Buildings, and Equipment, Net$411,873$379,844▼ $32,029
Cash and Non-Interest-Bearing Accounts$298,476$85,841▼ $212,635
Inventories for Sale or Use$56,190$49,806▼ $6,384
Accounts Receivable$3,448$1,820▼ $1,628
Prepaid Expenses and Deferred Charges$770$720▼ $50
Total Assets$973,475$976,667▲ $3,192
Other Assets Total$1,088$4,126▲ $3,038
Liabilities
Accounts Payable and Accrued Expenses$1,218$1,222▲ $4
Other Liabilities$155$316▲ $161
Total Liabilities$1,373$1,538▲ $165
Net Assets / Fund Balance
Total Net Assets Fund Balance$972,102$975,129▲ $3,027
Total Liabilities and Net Assets / Fund Balance$973,475$976,667▲ $3,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$356,448$1,481,949$1,838,397
Other Land Buildings$14,025$4,527$18,552
Equipment$4,371$12,191$16,562
Land$5,000-$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chris WebbPres/trea/inFT$42,000$42,000

Board Members and Trustees

NameTitle
Anita SchnogBoard Member
Doreen FairbankBoard Member
George EdwardsBoard Member
Jim HenryBoard Member
Julie ShowalterBoard Member
Mark J PrakBoard Member
Shirley MayfieldBoard Member
Kim GottshallSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$83,891
Program Service Revenue
$136,462
Investment Income
$1,267
Other Revenue
$77,660
All Other Contributions
$59,066
Change in Net Assets
$3,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,359
Salaries, Compensation, and Employee Benefits$114,894
Total Fundraising Expense$1,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$88,632$8,000-$96,632
Fees for Services Management$21,000$21,000-$42,000
Depreciation Depletion$38,422$670-$39,092
Occupancy$32,743$3,638-$36,381
Insurance$19,973$1,669-$21,642
Payroll Taxes$11,468$1,274-$12,742
Office Expenses$2,714$5,430$1,517$9,661
Other Employee Benefits$4,968$552-$5,520
All Other Expenses$2,831$1,752$149$4,732
Other Expenses$1,550$4,978-$1,550
Fees for Services Other-$1,337-$1,337
Advertising$755-$324$1,079
Conferences and Meetings-$798-$798
Fees for Services Accounting-$780-$780
Total Functional Expenses$231,051$63,212$1,990$296,253
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,475
Fundraising Direct Expenses$38,727
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lighthouse Day$68,300$43,475$38,727$4,748
Total Events$68,300$43,475$38,727$4,748
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$316
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

Filer Name
Old Baldy Foundation Inc
EIN
56-1457766
Phone
9104577481
Address
PO BOX 3007, BALD HEAD ISLAND, NC 28461

Signing Officer

Name
Chris Webb
Title
Treasurer
Phone
9104577481
Signed
2015-06-22
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
50

Preparer

Firm
Jason C Keller CPA Pllc
Address
PO BOX 3986, WILMINGTON, NC 28406-0986
Preparer
Jason C Keller
Phone
9103955445
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0136462
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01466
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03633
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05651
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014924
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0301580
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IRS990ScheduleA/PublicSupportPY170Pct00.94060
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt073775
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01481949
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01838397
IRS990ScheduleD/EquipmentGrp/BookValueAmt04371
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012191
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016562
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05000
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04527
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0316
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALES TAX
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IRS990ScheduleD/TotalLiabilityAmt0316
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt024825
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt038727
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LIGHTHOUSE DAY
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt043475
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04748
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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
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt083891
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01990
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063212
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0231051
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296253
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01373
IRS990/TotalLiabilitiesEOYAmt01538
IRS990/TotalLiabilitiesGrp/BOYAmt01373
IRS990/TotalLiabilitiesGrp/EOYAmt01538
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0972102
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IRS990/TotalProgramServiceExpensesAmt0231051
IRS990/TotalProgramServiceRevenueAmt0136462
IRS990/TotalReportableCompFromOrgAmt042000
IRS990/TotalRevenueGrp/ExclusionAmt07071
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0208318
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0299280
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0973475
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0976667
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.OLDBALDY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS WEBB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09104577481
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLD BALDY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0OLDB

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.$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
Peer Organizations

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