Civic Intelligence

Greensboro College Foundation

990 • Fiscal year 2018 • EIN 56-2077641

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

Organization ProfileN/A
815 West Market StreetGreensboro, NC 27401

(336) 272-7102

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.13x

Higher debt load relative to assets than 52% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

2.61x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

85th percentile

29%

Higher net margin than 85% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$121,233

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 152.9% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

54th percentile

4.7%

Faster asset growth than 54% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-36%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$1,564,671

Up $70,818 (+4.7%) from 2017

Net Assets

Up

$1,358,082

Up $44,746 (+3.4%) from 2017

Liabilities

Up

$206,589

Up $26,072 (+14%) from 2017

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin85th percentile

Revenue

Down

$79,269

Down $43,771 (-36%) from 2017

Expenses

Up

$56,537

Up $38,028 (+205%) from 2017

Net Income

Down

$22,732

Down $81,799 (-78%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,275,355Liabilities 2010: $241,978Net Assets 2010: $1,033,3772010Assets 2011: $1,547,975Liabilities 2011: $238,650Net Assets 2011: $1,309,3252011Assets 2012: $1,529,926Liabilities 2012: $219,779Net Assets 2012: $1,310,1472012Assets 2013: $1,174,744Liabilities 2013: $241,650Net Assets 2013: $933,0942013Assets 2014: $1,302,045Liabilities 2014: $156,526Net Assets 2014: $1,145,5192014Assets 2015: $1,325,215Liabilities 2015: $159,404Net Assets 2015: $1,165,8112015Assets 2016: $1,270,298Liabilities 2016: $159,501Net Assets 2016: $1,110,7972016Assets 2017: $1,493,853Liabilities 2017: $180,517Net Assets 2017: $1,313,3362017Assets 2018: $1,564,671Liabilities 2018: $206,589Net Assets 2018: $1,358,0822018Assets 2019: $1,602,270Liabilities 2019: $198,507Net Assets 2019: $1,403,7632019Assets 2020: $1,586,234Liabilities 2020: $193,626Net Assets 2020: $1,392,6082020Assets 2021: $2,009,357Liabilities 2021: $200,635Net Assets 2021: $1,808,7222021Assets 2022: $1,651,066Liabilities 2022: $218,693Net Assets 2022: $1,432,3732022Assets 2023: $1,761,130Liabilities 2023: $223,087Net Assets 2023: $1,538,0432023Assets 2024: $1,897,296Liabilities 2024: $228,646Net Assets 2024: $1,668,6502024

Highlighted filing

2018

Assets$1,564,671
Liabilities$206,589
Net Assets$1,358,082
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

$150K$100K$50K$0-$50K-$100KExpenses 2010: $02010Revenue 2011: $73,714Expenses 2011: $41,893Net Income 2011: $31,8212011Expenses 2012: $41,4132012Expenses 2013: $39,1742013Revenue 2014: $55,602Expenses 2014: $28,119Net Income 2014: $27,4832014Revenue 2015: $39,679Expenses 2015: $21,121Net Income 2015: $18,5582015Revenue 2016: $52,706Expenses 2016: $19,838Net Income 2016: $32,8682016Revenue 2017: $123,040Expenses 2017: $18,509Net Income 2017: $104,5312017Revenue 2018: $79,269Expenses 2018: $56,537Net Income 2018: $22,7322018Revenue 2019: $101,223Expenses 2019: $56,555Net Income 2019: $44,6682019Revenue 2020: $85,103Expenses 2020: $60,962Net Income 2020: $24,1412020Revenue 2021: $119,315Expenses 2021: $54,204Net Income 2021: $65,1112021Revenue 2022: $26,147Expenses 2022: $91,272Net Income 2022: -$65,1252022Revenue 2023: $32,278Expenses 2023: $78,227Net Income 2023: -$45,9492023Revenue 2024: $33,568Expenses 2024: $78,982Net Income 2024: -$45,4142024

Highlighted filing

2018

Revenue$79,269
Expenses$56,537
Net Income$22,732
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.3
Gross Receipts
$79,269
Mission and Program Overview

Mission

To support the exempt purposes of greensboro college.

Greensboro college foundation was formed to support the exempt purposes of greensboro college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,493,853$1,564,671▲ $70,818
Total Assets$1,493,853$1,564,671▲ $70,818
Liabilities
Other Liabilities$180,517$206,589▲ $26,072
Total Liabilities$180,517$206,589▲ $26,072
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,313,336$1,358,082▲ $44,746
Total Net Assets Fund Balance$1,313,336$1,358,082▲ $44,746
Total Liabilities and Net Assets / Fund Balance$1,493,853$1,564,671▲ $70,818

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,313,337-▲ $101,282-$1,358,082
2016$1,110,797$76,644▲ $144,405-$1,313,337
2015$1,165,811-▼ $55,014-$1,110,797
2014$1,145,519-▲ $20,292-$1,165,811
2013$933,094-▲ $212,425-$1,145,519
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleBaseOtherTotal
Anne HurdSecretary, VP of Advanceme$115,716$5,517$121,233
Chris ElmoreSecond Vice President, VP$110,522$6,151$116,673

Board Members and Trustees

NameTitle
Frank H IsonPresident
Lynn LaneFirst Vice President
Frederick JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$79,269
Other Revenue
$0
Change in Net Assets
$22,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,320
Grants and Similar Amounts Paid$26,217
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,217--$26,217
Other Expenses$22,207--$22,207
Fees for Service Investment Mgmnt Fees-$8,113-$8,113
Total Functional Expenses$48,424$8,113$0$56,537
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greensboro CollegeGreensboro, NC501(c)(3)Scholarship Support$26,217
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Gc$113,588
Annuities Payable$93,001
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The members of the board of directors of the greensboro college foundation are elected by the board of trustees of the college.”

Form 990, Part VI, Section B, Line 11B

“The vice president of administration and the director of finance performed an initial review of the completed 990. The 990 was then provided to all board members for review and approval. Once approved by the board or a committee designated by the board to approve the 990, the form was filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to annually fill out a questionnaire disclosing any potential relationship conflicts. It is the responsibility of the board member to disclose any potential issues that may cause conflict when voting at board meetings.”

Form 990, Part VI, Section B, Line 15

“The foundation does not compensate any of its officers, methods for determining compensation for officers and top management are performed according to the college's policies and procedures.”

Form 990, Part VI, Section C, Line 18

“Recent filings of the form 990 are available online at www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, financial statements and conflict of interest policy are made available to the public by request. The financial statements are also on reserve in the college library.”

Filing and Contact Details

Filer

Filer Name
Greensboro College Foundation
EIN
56-2077641
Phone
3362727102
Address
815 WEST MARKET STREET, GREENSBORO, NC 27401

Signing Officer

Name
Chris Elmore
Title
VP of Finance
Phone
3362727102
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank H Ison
Formed
1997
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of split interest agreement -6,099.”

FORM 990, PART XII, LINE 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The income from the endowment investments in perpetuity is available for instruction, scholarships, and operations of greensboro college.”

PART X, LINE 2:

“Income taxes- the college is exempt from federal income taxes under internal revenue code section 501(c)(3). Accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The college has determined that it does not have any material unrecognized tax benefits or obligations as of june 30, 2018.”

Raw XML AppendixShowing 400 of 404 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.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1113588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO GC
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INCOME FROM THE ENDOWMENT INVESTMENTS IN PERPETUITY IS AVAILABLE FOR INSTRUCTION, SCHOLARSHIPS, AND OPERATIONS OF GREENSBORO COLLEGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAXES- THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE COLLEGE HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt0206589
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GREENSBORO COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0560532144
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0815 W MARKET STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GREENSBORO
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WAS ESTABLISHED TO SUPPORT GREENSBORO COLLEGE. THE FOUNDATION BOARD CONSISTS OF GREENSBORO COLLEGE TRUSTEES AND OFFICER REPRESENTATIVES. THROUGH THIS CONNECTION FUNDS ARE REQUESTED AND DISBURSED TO MEET THE NEEDS OF THE COLLEGE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE BOARD OF DIRECTORS OF THE GREENSBORO COLLEGE FOUNDATION ARE ELECTED BY THE BOARD OF TRUSTEES OF THE COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE VICE PRESIDENT OF ADMINISTRATION AND THE DIRECTOR OF FINANCE PERFORMED AN INITIAL REVIEW OF THE COMPLETED 990. THE 990 WAS THEN PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL. ONCE APPROVED BY THE BOARD OR A COMMITTEE DESIGNATED BY THE BOARD TO APPROVE THE 990, THE FORM WAS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO ANNUALLY FILL OUT A QUESTIONNAIRE DISCLOSING ANY POTENTIAL RELATIONSHIP CONFLICTS. IT IS THE RESPONSIBILITY OF THE BOARD MEMBER TO DISCLOSE ANY POTENTIAL ISSUES THAT MAY CAUSE CONFLICT WHEN VOTING AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION DOES NOT COMPENSATE ANY OF ITS OFFICERS, METHODS FOR DETERMINING COMPENSATION FOR OFFICERS AND TOP MANAGEMENT ARE PERFORMED ACCORDING TO THE COLLEGE'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST. THE FINANCIAL STATEMENTS ARE ALSO ON RESERVE IN THE COLLEGE LIBRARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -6,099.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01493853
IRS990/TotalAssetsEOYAmt01564671
IRS990/TotalAssetsGrp/BOYAmt01493853
IRS990/TotalAssetsGrp/EOYAmt01564671
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08113
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt048424
IRS990/TotalFunctionalExpensesGrp/TotalAmt056537
IRS990/TotalGrossUBIAmt00
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IRS990/TotalOtherCompensationAmt011668
IRS990/TotalProgramServiceExpensesAmt048424
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IRS990/TotalRevenueGrp/ExclusionAmt079269
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt079269
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01564671
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-10
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ReturnHeader/ReturnTs02019-05-10T05:33:39-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,564,671
Liabilities
$206,589
Net assets
$1,358,082
Revenue
$79,269
Expenses
$56,537
Net income
$22,732
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.23$1.67$0.03$0.08$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.76$0.22$1.54$0.03$0.08$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.22$1.43$0.03$0.09$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.01$0.20$1.81$0.12$0.05$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.19$1.39$0.09$0.06$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.60$0.20$1.40$0.10$0.06$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.21$1.36$0.08$0.06$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.18$1.31$0.12$0.02$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.27$0.16$1.11$0.05$0.02$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.16$1.17$0.04$0.02$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.16$1.15$0.06$0.03$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.24$0.93$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.22$1.31$0.04
2011Summary only. Only limited summary data is available for this year.$1.55$0.24$1.31$0.07$0.04$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.24$1.03$0.00