Civic Intelligence

Embassy Cultural Center Foundation Inc.

990 • Fiscal year 2013 • EIN 56-2201877

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 02, 2014

Organization ProfileWWW.EMBASSYSQUARE.ORG
PO Box 76927536

(252) 438-7141

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Net Margin

1st percentile

-137%

Higher net margin than 1% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

41st percentile

$0

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Asset Growth

2nd percentile

-49%

Faster asset growth than 2% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

92nd percentile

88%

Faster revenue growth than 92% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$4,294,006

Down $4,117,537 (-49%) from 2012

Net Assets

Down

$4,294,006

Down $2,934,914 (-41%) from 2012

Liabilities

Down

$0

Down $1,182,623 (-100%) from 2012

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin1st percentile

Revenue

$2,148,740

No earlier filing loaded for comparison.

Expenses

Up

$5,083,654

Up $4,810,404 (+1760%) from 2012

Net Income

-$2,934,914

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$15M$10M$5.0M$0Assets 2011: $7,378,627Liabilities 2011: $1,210,435Net Assets 2011: $6,168,1922011Assets 2012: $8,411,543Liabilities 2012: $1,182,623Net Assets 2012: $7,228,9202012Assets 2013: $4,294,006Liabilities 2013: $0Net Assets 2013: $4,294,0062013Assets 2014: $8,497,663Liabilities 2014: $0Net Assets 2014: $8,497,6632014Assets 2015: $10,806,131Liabilities 2015: $2,277,181Net Assets 2015: $8,528,9502015Assets 2016: $11,181,574Liabilities 2016: $3,049,317Net Assets 2016: $8,132,2572016Assets 2017: $10,455,038Liabilities 2017: $3,033,915Net Assets 2017: $7,421,1232017Assets 2018: $10,294,626Liabilities 2018: $3,126,023Net Assets 2018: $7,168,6032018Assets 2019: $9,895,611Liabilities 2019: $2,935,990Net Assets 2019: $6,959,6212019Assets 2020: $9,649,177Liabilities 2020: $2,878,404Net Assets 2020: $6,770,7732020Assets 2021: $9,676,061Liabilities 2021: $2,834,688Net Assets 2021: $6,841,3732021Assets 2022: $9,211,350Liabilities 2022: $2,787,083Net Assets 2022: $6,424,2672022

Highlighted filing

2013

Assets$4,294,006
Liabilities$0
Net Assets$4,294,006
Open 2013 Filing

Operations Trend

Revenue Growth92nd percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $609,895Expenses 2011: $348,782Net Income 2011: $261,1132011Expenses 2012: $273,2502012Revenue 2013: $2,148,740Expenses 2013: $5,083,654Net Income 2013: -$2,934,9142013Revenue 2014: $4,270,061Expenses 2014: $66,404Net Income 2014: $4,203,6572014Revenue 2015: $144,634Expenses 2015: $113,347Net Income 2015: $31,2872015Revenue 2016: $469,282Expenses 2016: $865,975Net Income 2016: -$396,6932016Revenue 2017: $573,008Expenses 2017: $890,267Net Income 2017: -$317,2592017Revenue 2018: $570,098Expenses 2018: $822,618Net Income 2018: -$252,5202018Revenue 2019: $648,787Expenses 2019: $860,426Net Income 2019: -$211,6392019Revenue 2020: $433,854Expenses 2020: $632,482Net Income 2020: -$198,6282020Revenue 2021: $618,357Expenses 2021: $645,781Net Income 2021: -$27,4242021Revenue 2022: $489,306Expenses 2022: $813,283Net Income 2022: -$323,9772022

Highlighted filing

2013

Revenue$2,148,740
Expenses$5,083,654
Net Income-$2,934,914
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 2, 2014
Return Version
2013v3.0
Gross Receipts
$2,340,503
Mission and Program Overview

Mission

To provide henderson and surrounding communities with a place to experience education, arts and entertainment.

To generate financial & other support for the construction costs of the library & theatre center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,296,883$1,832,563▼ $4,464,320
Investments in Publicly Traded Securities$1,126,221$1,567,606▲ $441,385
Pledges and Grants Receivable$255,452$202,487▼ $52,965
Other Notes and Loans Receivable, Net-$154,275-
Savings and Temporary Cash Investments$108,559$117,770▲ $9,211
Cash and Non-Interest-Bearing Accounts$38,775$43,490▲ $4,715
Accounts Receivable$56,485$28,214▼ $28,271
Intangible Assets$68$1▼ $67
Total Assets$8,411,543$4,294,006▼ $4,117,537
Other Assets Total$529,100$347,600▼ $181,500
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,182,623$0▼ $1,182,623
Total Liabilities$1,182,623$0▼ $1,182,623
Net Assets / Fund Balance
Unrestricted Net Assets$7,041,420$4,106,506▼ $2,934,914
Temporarily Rstr Net Assets$187,500$187,500→ $0
Total Net Assets Fund Balance$7,228,920$4,294,006▼ $2,934,914
Total Liabilities and Net Assets / Fund Balance$8,411,543$4,294,006▼ $4,117,537

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,832,563$295,028$2,127,591
Other Assets Org$327,600--
Compensation and Service Providers
Top Officer Pay41st percentile

Board Members and Trustees

NameTitle
John WesterChairman
George R Watkins JrCo-vice Chair
Robert YoungCo-vice Chair
Celester ClarkBoard Member
Donald SeifertBoard Member
Dr Phil YoungBoard Member
Jane R FrazierBoard Member
Mark HopperBoard Member
Richard BrandBoard Member
Robert FlemingBoard Member
Michelle BurgessSecretary
Kathy WaltersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,166,032
Program Service Revenue
$0
Investment Income
$-10,229
Other Revenue
$-7,063
All Other Contributions
$2,166,032
Change in Net Assets
$-2,934,914

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$948,416High Low Fair Market Value (FMV)
Total Noncash Contributions1$948,416-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,920,822
Other Expenses$162,832
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,920,822--$4,920,822
Depreciation Depletion$97,678--$97,678
Interest-$21,705-$21,705
Fees for Services Other-$12,000-$12,000
Fees for Services Accounting-$3,100-$3,100
Insurance-$2,860-$2,860
Fees for Service Investment Mgmnt Fees-$2,817-$2,817
Fees for Services Legal-$1,850-$1,850
Conferences and Meetings-$354-$354
Office Expenses-$270-$270
All Other Expenses-$134-$134
Other Expenses-$132-$132
Total Functional Expenses$5,018,500$65,154$0$5,083,654
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The 990 is presented to the board for review before submitted to the irs.”

Form 990, Part VI, Section C, Line 19

“Upon request to the president, the governing documents and financial statements are available for review.”

Filing and Contact Details

Filer

EIN
56-2201877
Phone
2524387141

Signing Officer

Name
John Wester
Title
President
Phone
2524388165
Signed
2014-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wester
Formed
2000
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Preparer
Michael H Brafford
Phone
2524388154
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“The foundation recieved 20 pieces of artwork in which are being held for temporary purposes until a current buyer is found. The funds received from the sale will be used to further carryout the foundation's exempt purpose. 17 pieces of the artwork collection were sold in 2012.”

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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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IRS990/PYContributionsGrantsAmt01675481
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-344820
IRS990/PYOtherExpensesAmt0273250
IRS990/PYOtherRevenueAmt03317
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01060728
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0273250
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01333978
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-2934914
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-7063
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0108559
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0117770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02166032
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01675481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0607014
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0550021
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05005289
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016996
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05443
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02881
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05330
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt031628
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99370
IRS990ScheduleA/PublicSupportPY170Pct00.99330
IRS990ScheduleA/PublicSupportTotal170Amt05005289
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02166032
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01675481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0607014
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0550021
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05005289
IRS990ScheduleA/TotalSupportAmt05036917
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01832563
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0295028
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02127591
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/CollectionUsedOtherPurposesInd0X
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/OtherPurposesDesc0TEMPORARY HOLD UNTIL SOLD
IRS990ScheduleD/HeldWorksArtGrp/AssetsIncludedAmt020000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1327600
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ART COLLECTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDENTIAL & COMMERCIAL REAL ESTATE
IRS990ScheduleD/SolicitedAssetsSaleInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECIEVED 20 PIECES OF ARTWORK IN WHICH ARE BEING HELD FOR TEMPORARY PURPOSES UNTIL A CURRENT BUYER IS FOUND. THE FUNDS RECEIVED FROM THE SALE WILL BE USED TO FURTHER CARRYOUT THE FOUNDATION'S EXEMPT PURPOSE. 17 PIECES OF THE ARTWORK COLLECTION WERE SOLD IN 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01832563
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0347600
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0LIBRARY BUILDING, FURNITURE, FIXTURES, & EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE THE CITY WITH A FUNCTIONAL LIBRARY FACILITY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10CITY OF HENDERSON NORTH CAROLINA
IRS990ScheduleI/RecipientTable/RecipientEIN0566001241
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10134 ROSE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/City0HENDERSON
IRS990ScheduleI/RecipientTable/USAddress/State0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode027536
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK VALUE
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0HIGH LOW FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0948416
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PRESENTED TO THE BOARD FOR REVIEW BEFORE SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST TO THE PRESIDENT, THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0187500
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0187500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08411543
IRS990/TotalAssetsEOYAmt04294006
IRS990/TotalAssetsGrp/BOYAmt08411543
IRS990/TotalAssetsGrp/EOYAmt04294006
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02166032
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065154
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05018500
IRS990/TotalFunctionalExpensesGrp/TotalAmt05083654
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01182623
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01182623
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07228920
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04294006
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05018500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-17292
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02148740
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08411543
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04294006
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07041420

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,294,006
Liabilities
$0
Net assets
$4,294,006
Revenue
$2,148,740
Expenses
$5,083,654
Net income
-$2,934,914
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$9.21$2.79$6.42$0.49$0.81$0.32
2021Detailed filing. Detailed filing data is available for this year.$9.68$2.83$6.84$0.62$0.65$0.03
2020Detailed filing. Detailed filing data is available for this year.$9.65$2.88$6.77$0.43$0.63$0.20
2019Detailed filing. Detailed filing data is available for this year.$9.90$2.94$6.96$0.65$0.86$0.21
2018Detailed filing. Detailed filing data is available for this year.$10.3$3.13$7.17$0.57$0.82$0.25
2017Detailed filing. Detailed filing data is available for this year.$10.5$3.03$7.42$0.57$0.89$0.32
2016Detailed filing. Detailed filing data is available for this year.$11.2$3.05$8.13$0.47$0.87$0.40
2015Detailed filing. Detailed filing data is available for this year.$10.8$2.28$8.53$0.14$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$8.50$0.00$8.50$4.27$0.07$4.20
2013Detailed filing. Detailed filing data is available for this year.$4.29$0.00$4.29$2.15$5.08$2.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.41$1.18$7.23$0.27
2011Summary only. Only limited summary data is available for this year.$7.38$1.21$6.17$0.61$0.35$0.26