Civic Intelligence

Pack Square Conservancy Inc

EIN 56-2221478 • 501(c)3

121 College Street28801
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.14x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-1.1%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$13,208,279

Down $152,255 (-1.1%) from 2011

Liabilities

Down

$1,898,475

Down $277,925 (-13%) from 2011

Net Assets

Up

$11,309,804

Up $125,670 (+1.1%) from 2011

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$52,315

Down $91,499 (-64%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $13,403,555Liabilities 2010: $2,176,374Net Assets 2010: $11,227,1812010Assets 2011: $13,360,534Liabilities 2011: $2,176,400Net Assets 2011: $11,184,1342011Assets 2012: $13,208,279Liabilities 2012: $1,898,475Net Assets 2012: $11,309,8042012

Highlighted filing

2012

Assets$13,208,279
Liabilities$1,898,475
Net Assets$11,309,804
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Expenses 2010: $207,2352010Expenses 2011: $143,8142011Expenses 2012: $52,3152012

Highlighted filing

2012

Revenue-
Expenses$52,315
Net Income-
Open 2012 Filing

Filings

Most recent year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$13,208,279
Liabilities
$1,898,475
Net assets
$11,309,804
Revenue
-
Expenses
$52,315
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$1.90$11.3$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$2.18$11.2$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$2.18$11.2$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jul 16, 2013
Return Version
2012v2.0
Gross Receipts
$24,180
Filing and Contact Details

Filer

EIN
56-2221478
Raw XML AppendixShowing 400 of 482 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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IRS990/Description0IN 2012 PACK SQUARE CONSERVANCY (CONSERVANCY) COMPLETED WORK ON A 6.5 ACRE URBAN PARK, PACK SQUARE PARK, IN DOWNTOWN ASHEVILLE, NORTH CAROLINA. THE PARK IS SEEN AS A DYNAMIC COMMUNITY CENTER AND VITAL URBAN GREEN SPACE CELEBRATING ASHEVILLE'S UNIQUE HISTORIC AND CULTURAL CHARACTER. THE CONSERVANCY HAS WORKED WITH THE PUBLIC AND WITH THE CITY OF ASHEVILLE AND THE COUNTY OF BUNCOMBE THROUGH THE PLANNING, DESIGN AND CONSTRUCTION PHASES OF THE PARK OVER AN 11 YEAR PERIOD OF TIME. HAVING FULFILLED ITS MISSION WITH THE COMPLETION OF THE PAVILION IN APRIL 2012, THE CONSERVANCY'S ACTIVITIES OVER THE SECOND HALF OF 2012 CONSISTED OF WINDING UP ITS AFFAIRS AND PLANNING ITS CORPORATE DISSOLUTION. ALSO SEE SCHEDULE O, PT III, LINE 3.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0Permanently restricted endowment held with the Community Foundation of Western North Carolina. Income generated from the permanent fund is intended to supplement funds for maintaining the Pack Square Park.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1THE CONSERVANCY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THE CODE, INCOME FROM CERTAIN ACTIVITIES NOT RELATED TO THE ORGANIZATIONS TAX- EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD LESS THAN $1,000 OF INCOME FROM UNRELATED BUSINESS ACTIVITIES IN THE YEAR ENDED DECEMBER 31, 2012, AND WAS, THEREFORE, NOT REQUIRED TO FILE FEDERAL FORM 990-T (EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN). THE ORGANIZATIO
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The organizations Forms 990 for 2009, 2010 and 2011 are subject to examination by the IRS, generally for three years after being filed.
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IRS990ScheduleO/GeneralExplanation/Explanation0See Program Service Accomplishments at Pt III, Line 4a for more information.
IRS990ScheduleO/GeneralExplanation/Explanation1Once the park was completed and opened to the public in 2010, fundraising efforts by the
IRS990ScheduleO/GeneralExplanation/Explanation2Conservancy became extremely difficult. Over the past two years, the board determined that on-
IRS990ScheduleO/GeneralExplanation/Explanation3going financial sustainability could not be achieved. Alternative plans to have another organization
IRS990ScheduleO/GeneralExplanation/Explanation4take over the Conservancy's role were attempted without success. As the Conservancy began
IRS990ScheduleO/GeneralExplanation/Explanation5planning during 2012 for the possibility of closing, its one remaining staff member devoted
IRS990ScheduleO/GeneralExplanation/Explanation6substantial time to sorting, organizing, preserving and storage of records, and interfacing with the
IRS990ScheduleO/GeneralExplanation/Explanation7County and City accounting departments. The Conservancy's Board of Trustees formally voted to
IRS990ScheduleO/GeneralExplanation/Explanation8dissolve in December 2012. At that point, the board chair was authorized to carry out all activities
IRS990ScheduleO/GeneralExplanation/Explanation9associated with the winding up and dissolution of the corporation. As of December 31, 2012, the
IRS990ScheduleO/GeneralExplanation/Explanation10organization was in the process of finalizing its asset distribution plan. On January 22, 2013, the
IRS990ScheduleO/GeneralExplanation/Explanation11Conservancy's corporate dissolution was approved by the N.C. Secretary of State. The Conservancy
IRS990ScheduleO/GeneralExplanation/Explanation12plans to recognize the transfer of the park asset to the City and County as of its dissolution date. The
IRS990ScheduleO/GeneralExplanation/Explanation13Conservancy's remaining cash after all administrative matters have been completed will be
IRS990ScheduleO/GeneralExplanation/Explanation14distributed to the City.
IRS990ScheduleO/GeneralExplanation/Explanation15The 990 is prepared by independent accountants, reviewed by
IRS990ScheduleO/GeneralExplanation/Explanation16remaining staff and by the board chair, who is overseeing the
IRS990ScheduleO/GeneralExplanation/Explanation17winding up of the organization's affairs.
IRS990ScheduleO/GeneralExplanation/Explanation18Disclosure of potential conflicts of interest is required of all board members
IRS990ScheduleO/GeneralExplanation/Explanation19using annual statements and as they may arise during the year.
IRS990ScheduleO/GeneralExplanation/Explanation20Forms 1023 and 990 are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation21Governing documents and reviewed financial statements
IRS990ScheduleO/GeneralExplanation/Explanation22are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation23Other changes in net assets consist of net gains of $49,091 on the endowment
IRS990ScheduleO/GeneralExplanation/Explanation24held with the Community Foundation of Western NC and a combination
IRS990ScheduleO/GeneralExplanation/Explanation25of a reduction in the the payable to City due to a State funding
IRS990ScheduleO/GeneralExplanation/Explanation26adjustment and a pledge write-off due to anticipated closure.
IRS990ScheduleO/GeneralExplanation/Identifier0Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier1Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier2Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier3Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier4Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier5Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier6Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier7Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier8Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier9Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier10Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier11Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier12Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier13Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier14Pt III, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier15Pt VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier16Pt VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier17Pt VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier18Pt VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier19Pt VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier20Pt VI, Line 18
IRS990ScheduleO/GeneralExplanation/Identifier21Pt VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier22Pt VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier23Pt XI
IRS990ScheduleO/GeneralExplanation/Identifier24Pt XI
IRS990ScheduleO/GeneralExplanation/Identifier25Pt XI
IRS990ScheduleO/GeneralExplanation/Identifier26Pt XI
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0true
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0NC

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