Civic Intelligence

Pack Square Conservancy Inc

990 • Fiscal year 2011 • EIN 56-2221478

Jan 01, 2011 to Dec 31, 2011 • Filed on Aug 01, 2012

Organization Profile
One West Pack Square28801
Siviq Scores

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

Liabilities / Assets

38th percentile

0.16x

Higher debt load relative to assets than 38% of similar nonprofits.

2011 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

39th percentile

-0.3%

Faster asset growth than 39% of similar nonprofits.

2011 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$13,360,534

Down $43,021 (-0.3%) from 2010

Net Assets

Down

$11,184,134

Down $43,047 (-0.4%) from 2010

Liabilities

Up

$2,176,400

Up $26 (+0.0%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$143,814

Down $63,421 (-31%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$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

2011

Assets$13,360,534
Liabilities$2,176,400
Net Assets$11,184,134
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

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

Highlighted filing

2011

Revenue-
Expenses$143,814
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Aug 1, 2012
Return Version
2011v1.2
Gross Receipts
$155,795
Mission and Program Overview

Major Activities

Activity 2
In april 2012, the conservancy completed construction of the visitor center pavilion. This represented the final construction project to be undertaken by the conservancy. On may 8, 2012, the conservancy's board of directors authorized the transfer to the city of asheville and buncombe county all of the organization's interest in the real property and improvements of pack square park.
Filing and Contact Details

Filer

EIN
56-2221478
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IRS990/Activity2/Description0IN APRIL 2012, THE CONSERVANCY COMPLETED CONSTRUCTION OF THE VISITOR CENTER PAVILION. THIS REPRESENTED THE FINAL CONSTRUCTION PROJECT TO BE UNDERTAKEN BY THE CONSERVANCY. ON MAY 8, 2012, THE CONSERVANCY'S BOARD OF DIRECTORS AUTHORIZED THE TRANSFER TO THE CITY OF ASHEVILLE AND BUNCOMBE COUNTY ALL OF THE ORGANIZATION'S INTEREST IN THE REAL PROPERTY AND IMPROVEMENTS OF PACK SQUARE PARK.
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IRS990/Description0IN 2011 THE FRIENDS OF PACK SQUARE PARK ENJOYED SEVERAL EVENTS AT A MEMBER DISCOUNT. THEY INCLUDED GUIDED TOURS BY THREE OF THE ARTISTS WHO CREATED ARTWORK FOR PACK SQUARE PARK FOLLOWED BY LUNCH OR APPETIZERS AT A RESTAURANT ON THE PARK, A TOUR THROUGH A LOCAL 26-ACRE GREENHOUSE FACILITY AND THE CHANCE TO BUY PLANTS AT A DISCOUNT, AND A GUIDED TOUR OF AN AWARD WINNING GARDEN WITHIN WALKING DISTANCE OF THE PARK FOLLOWED BY LUNCH. ON SEPTEMBER 5 WE HELD THE 2ND ANNUAL SYMPHONY IN THE PARK WITH THE ASHEVILLE SYMPHONY ORCHESTRA. WE PARTNER WITH THEM AND SHARE ALL THE COSTS AND SPLIT THE REVENUE.
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IRS990ScheduleD/Form990ScheduleDPartXIV/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/Form990ScheduleDPartXIV/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, 2011, AND WAS, THEREFORE, NOT REQUIRED TO FILE FEDERAL FORM 990-T (EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN). THE ORGANIZATIO
IRS990ScheduleD/Form990ScheduleDPartXIV/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/Explanation0Pack Square Conservancy began construction of the
IRS990ScheduleO/GeneralExplanation/Explanation1Visitor's Center Pavilion project in November 2011.
IRS990ScheduleO/GeneralExplanation/Explanation2The Finance Committee reviews Form 990 once it has been prepared
IRS990ScheduleO/GeneralExplanation/Explanation3by an independent CPA. The return is then emailed to the rest of Board
IRS990ScheduleO/GeneralExplanation/Explanation4so that each member has an opportunity to review & approve the Form prior to filing.
IRS990ScheduleO/GeneralExplanation/Explanation5Disclosure of potential conflicts of interest is required of all board members
IRS990ScheduleO/GeneralExplanation/Explanation6using annual statements and as they may arise during the year.
IRS990ScheduleO/GeneralExplanation/Explanation7The Board determines the executive director salary based on comparative data.
IRS990ScheduleO/GeneralExplanation/Explanation8Forms 1023 and 990 are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation9Governing documents and reviewed financial statements
IRS990ScheduleO/GeneralExplanation/Explanation10are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation11Other changes in net assets consist of net losses of $30,028 on the endowment
IRS990ScheduleO/GeneralExplanation/Explanation12held with the Community Foundation of Western NC and of a prior period
IRS990ScheduleO/GeneralExplanation/Explanation13adjustment caused by an error in pledge tracking database resulting
IRS990ScheduleO/GeneralExplanation/Explanation14in a $25,000 decrease in pledges receivable and net assets.
IRS990ScheduleO/GeneralExplanation/Explanation15As of December 31, 2011, PSC did not have a whistleblower policy in place. PSC is
IRS990ScheduleO/GeneralExplanation/Explanation16working on developing and implementing a Board approved policy for the 2012 calendar year.
IRS990ScheduleO/GeneralExplanation/Explanation17As of December 31, 2011, PSC did not have a document retention & destruction policy in place. PSC is
IRS990ScheduleO/GeneralExplanation/Explanation18working on developing and implementing a Board approved policy for the 2012 calendar year.
IRS990ScheduleO/GeneralExplanation/Identifier0Pt III, Line 2
IRS990ScheduleO/GeneralExplanation/Identifier1Pt III, Line 2
IRS990ScheduleO/GeneralExplanation/Identifier2Pt VI, Line 11a
IRS990ScheduleO/GeneralExplanation/Identifier3Pt VI, Line 11a
IRS990ScheduleO/GeneralExplanation/Identifier4Pt VI, Line 11a
IRS990ScheduleO/GeneralExplanation/Identifier5Pt VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier6Pt VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier7Pt VI, Line 15
IRS990ScheduleO/GeneralExplanation/Identifier8Pt VI, Line 18

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$13,360,534
Liabilities
$2,176,400
Net assets
$11,184,134
Revenue
-
Expenses
$143,814
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