Civic Intelligence

Glass Family Foundation Inc.

990PF • Fiscal year 2020 • EIN 56-2196225

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 13, 2021

Two Town Square Blvd Suite 310Asheville, NC 28803

(828) 210-8120

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.00x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.00x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Source year 2020

Net Margin

78th percentile

70%

Higher net margin than 78% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$75,103

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2020 filings • NTEE T • $10M-$25M nonprofits • Source year 2020

Asset Growth

81st percentile

18%

Faster asset growth than 81% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

168%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$23,943,717

Up $3,708,941 (+18%) from 2019

Net Assets

$23,912,917

No earlier filing loaded for comparison.

Liabilities

Up

$30,800

Up $22,192 (+258%) from 2019

Revenue

Up

$6,354,421

Up $3,982,449 (+168%) from 2019

Expenses

Up

$1,909,956

Up $1,750 (+0.1%) from 2019

Net Income

Up

$4,444,465

Up $3,980,699 (+858%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $12,074,712Liabilities 2011: $1,5622011Assets 2012: $12,922,223Liabilities 2012: $2,6642012Assets 2013: $14,186,951Liabilities 2013: $1,4192013Assets 2014: $15,343,477Liabilities 2014: $18,3272014Assets 2015: $16,847,027Liabilities 2015: $5,9092015Assets 2019: $20,234,776Liabilities 2019: $8,6082019Assets 2020: $23,943,717Liabilities 2020: $30,800Net Assets 2020: $23,912,9172020Assets 2021: $24,447,807Liabilities 2021: $30,500Net Assets 2021: $24,417,3072021Assets 2022: $24,614,695Liabilities 2022: $1Net Assets 2022: $24,614,6952022Assets 2024: $23,429,847Liabilities 2024: $0Net Assets 2024: $23,429,8472024

Highlighted filing

2020

Assets$23,943,717
Liabilities$30,800
Net Assets$23,912,917

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,493,048Expenses 2011: $589,944Net Income 2011: $903,1042011Revenue 2012: $1,677,015Expenses 2012: $830,606Net Income 2012: $846,4092012Revenue 2013: $2,150,407Expenses 2013: $884,434Net Income 2013: $1,265,9732013Revenue 2014: $2,429,464Expenses 2014: $1,289,846Net Income 2014: $1,139,6182014Revenue 2015: $2,776,216Expenses 2015: $1,260,248Net Income 2015: $1,515,9682015Revenue 2019: $2,371,972Expenses 2019: $1,908,206Net Income 2019: $463,7662019Revenue 2020: $6,354,421Expenses 2020: $1,909,956Net Income 2020: $4,444,4652020Revenue 2021: $3,179,935Expenses 2021: $2,675,545Net Income 2021: $504,3902021Revenue 2022: $2,466,374Expenses 2022: $2,268,986Net Income 2022: $197,3882022Revenue 2024: $1,533,252Expenses 2024: $2,391,104Net Income 2024: -$857,8522024

Highlighted filing

2020

Revenue$6,354,421
Expenses$1,909,956
Net Income$4,444,465
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 13, 2021
Return Version
2020v4.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LARA GLASSPresident-$75,103-$75,103
KENNETH E GLASSBd Director Chmn-$0--
NANCY J GLASSVP/Secretary-$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid Grant-CHARITABLE-SEE ATTACHED, NC, US$1,218,777
Paid GrantFRANKLIN SCHOOL OF INNOVATION FRANKLIN SCHOOL OF INNOVATIONCHARITABLE-ASHEVILLE, NC, US$346,462
Filing and Contact Details

Filer

Filer Name
Glass Foundation Inc
EIN
56-2196225
Phone
8282108120
Address
TWO TOWN SQUARE BLVD SUITE 310, ASHEVILLE, NC 28803

Signing Officer

Name
Kenneth E Glass
Title
Bd Director Chmn
Phone
8282811453
Signed
2021-12-13

Preparer

Firm
Gould Killian CPA Group Pa
Address
100 COXE AVE, ASHEVILLE, NC 28801-2354
Preparer
G Edward Towson Ii CPA
Phone
8282580363
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IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/ExclusionAmt0583255
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt0698166
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt01281421
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesNetInvstIncmAmt010791
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt011990
IRS990PF/AnalysisOfRevenueAndExpenses/CapGainNetIncmNetInvstIncmAmt049093
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstNetInvstIncmAmt010139
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstRevAndExpnssAmt075103
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt01565239
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt01565239
IRS990PF/AnalysisOfRevenueAndExpenses/ContriRcvdRevAndExpnssAmt05073000
IRS990PF/AnalysisOfRevenueAndExpenses/DeprecAndDpltnRevAndExpnssAmt049814
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsNetInvstIncmAmt0284499
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsRevAndExpnssAmt0284499
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt04444465
IRS990PF/AnalysisOfRevenueAndExpenses/GrossSalesPriceAmt06837551
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavNetInvstIncmAmt0178960
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavRevAndExpnssAmt0178960
IRS990PF/AnalysisOfRevenueAndExpenses/InterestRevAndExpnssAmt036
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesNetInvstIncmAmt0235
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesRevAndExpnssAmt04705
IRS990PF/AnalysisOfRevenueAndExpenses/NetGainSaleAstRevAndExpnssAmt0747259
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt0352640
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesNetInvstIncmAmt0124349
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt0178002
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeRevAndExpnssAmt070703
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesNetInvstIncmAmt0300
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesRevAndExpnssAmt06000
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesNetInvstIncmAmt014098
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt019067
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt01565239
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt0159912
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt01909956
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt0512552
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt06354421
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt0159912
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt0344717
IRS990PF/CapGainsLossTxInvstIncmDetail/CapitalGainNetIncomeAmt049093
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt04444465
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherDecreasesAmt0757716
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt024670633
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt020226168
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt023912917
IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt01013012
IRS990PF/DistributableAmountGrp/DistributableBeforeAdjAmt01013012
IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt01013012
IRS990PF/DistributableAmountGrp/MinimumInvestmentReturnAmt01017914
IRS990PF/DistributableAmountGrp/TaxBasedOnInvestmentIncomeAmt04902
IRS990PF/DistributableAmountGrp/TotalTaxAmt04902
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EsPenaltyAmt031
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt03700
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/Form2220AttachedInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt04902
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtotalAmt04902
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt04902
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxDueAmt01233
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt03700
IRS990PF/FMVAssetsEOYAmt020950979
IRS990PF/Form990PFBalanceSheetsGrp/AccountsPayableBOYAmt08500
IRS990PF/Form990PFBalanceSheetsGrp/AcctRcvblBOYAmt027757
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockBOYAmt016946649
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYAmt016403517
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYFMVAmt019415172
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipAccumDeprecAmt0284470
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipCostOrOtherBssAmt05640948
IRS990PF/Form990PFBalanceSheetsGrp/LandBOYAmt01279209
IRS990PF/Form990PFBalanceSheetsGrp/LandEOYAmt05356478
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowFASB117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsBOYAmt0968568
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYAmt0644215
IRS990PF/Form990PFBalanceSheetsGrp/OtherLiabilitiesBOYAmt0108
IRS990PF/Form990PFBalanceSheetsGrp/OtherLiabilitiesEOYAmt030800
IRS990PF/Form990PFBalanceSheetsGrp/PrepaidExpensesBOYAmt03740
IRS990PF/Form990PFBalanceSheetsGrp/PrepaidExpensesEOYAmt03700
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt020226168
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningEOYAmt023912917
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstBOYAmt01008853
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYAmt01535807
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYFMVAmt01535807
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt020234776
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt023943717
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt020950979
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt08608
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt030800
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt020234776
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt023943717
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt020226168
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt023912917
IRS990PF/MethodOfAccountingCashInd0X
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt020668297
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt01243530
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt019424767
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt0310024
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt00
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt01017914
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt020358273
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt020668297
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdCntrctOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt275103
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt20
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0KENNETH E GLASS
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1NANCY J GLASS
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2LARA GLASS
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0BD DIR CHMN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1VP/SECRETARY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2PRESIDENT
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt028 PEACH KNOB DRIVE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt128 PEACH KNOB DRIVE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt244 COOPERS HAWK DRIVE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0ASHEVILLE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1ASHEVILLE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm2ASHEVILLE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd0NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd1NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd2NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd028804
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd128804
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd228803
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/QualifyingDistriPartXIIGrp/AdjustedQualifyingDistriAmt01565239
IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt01565239
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt01565239
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd0false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd0false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false

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