Civic Intelligence

Furniture Foundation Inc.

990 • Fiscal year 2015 • EIN 56-6044941

Jan 01, 2015 to Dec 31, 2015 • Filed on May 04, 2016

1912 Eastchester Drive Suite 100High Point, NC 27265

(336) 884-5000

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

8th percentile

0.00x

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

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Net Margin

3rd percentile

-192%

Higher net margin than 3% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

28th percentile

$0

Higher top officer pay than 28% of similar nonprofits.

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

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Asset Growth

16th percentile

-7.7%

Faster asset growth than 16% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,165,430

Down $97,187 (-7.7%) from 2014

Net Assets

Down

$1,165,430

Down $97,187 (-7.7%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$50,603

Down $5,994 (-11%) from 2014

Expenses

Up

$147,790

Up $50,511 (+52%) from 2014

Net Income

Down

-$97,187

Down $56,505 (-139%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,266,203Liabilities 2010: $0Net Assets 2010: $1,266,2032010Assets 2011: $1,197,217Liabilities 2011: $0Net Assets 2011: $1,197,2172011Assets 2012: $1,134,510Liabilities 2012: $0Net Assets 2012: $1,134,5102012Assets 2013: $1,303,368Liabilities 2013: $0Net Assets 2013: $1,303,3682013Assets 2014: $1,262,617Liabilities 2014: $0Net Assets 2014: $1,262,6172014Assets 2015: $1,165,430Liabilities 2015: $0Net Assets 2015: $1,165,4302015Assets 2017: $1,266,931Liabilities 2017: $0Net Assets 2017: $1,266,9312017Assets 2018: $1,241,408Liabilities 2018: $0Net Assets 2018: $1,241,4082018Assets 2019: $1,184,441Liabilities 2019: $1Net Assets 2019: $1,184,4412019Assets 2020: $1,164,550Liabilities 2020: $1Net Assets 2020: $1,164,5502020Assets 2021: $1,230,285Liabilities 2021: $1Net Assets 2021: $1,230,2852021Assets 2022: $1,234,447Liabilities 2022: $1Net Assets 2022: $1,234,4472022Assets 2023: $1,161,079Liabilities 2023: $0Net Assets 2023: $1,161,0792023Assets 2024: $1,158,194Liabilities 2024: $0Net Assets 2024: $1,158,1942024

Highlighted filing

2015

Assets$1,165,430
Liabilities$0
Net Assets$1,165,430

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $159,2962010Expenses 2011: $180,4802011Expenses 2012: $24,3592012Revenue 2013: $233,294Expenses 2013: $72,612Net Income 2013: $160,6822013Revenue 2014: $56,597Expenses 2014: $97,279Net Income 2014: -$40,6822014Revenue 2015: $50,603Expenses 2015: $147,790Net Income 2015: -$97,1872015Revenue 2017: $173,064Expenses 2017: $53,142Net Income 2017: $119,9222017Revenue 2018: $81,562Expenses 2018: $108,085Net Income 2018: -$26,5232018Revenue 2019: $66,679Expenses 2019: $123,646Net Income 2019: -$56,9672019Revenue 2020: $75,719Expenses 2020: $95,870Net Income 2020: -$20,1512020Revenue 2021: $158,992Expenses 2021: $93,305Net Income 2021: $65,6872021Revenue 2022: $97,472Expenses 2022: $97,486Net Income 2022: -$142022Revenue 2023: $24,992Expenses 2023: $100,778Net Income 2023: -$75,7862023Revenue 2024: $101,995Expenses 2024: $105,341Net Income 2024: -$3,3462024

Highlighted filing

2015

Revenue$50,603
Expenses$147,790
Net Income-$97,187
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 4, 2016
Return Version
2015v2.1
Gross Receipts
$841,018
Mission and Program Overview

Mission

To make grants to educational and other institutions that promote education and research benefiting the furniture industry.

CHARITABLE DISTRIBUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,262,617$1,165,430▼ $97,187
Investments Other Securities$1,203,495$1,121,095▼ $82,400
Savings and Temporary Cash Investments$59,122$44,335▼ $14,787
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,262,617$1,165,430▼ $97,187
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,262,617$1,165,430▼ $97,187
Total Liabilities and Net Assets / Fund Balance$1,262,617$1,165,430▼ $97,187

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,121,095--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Don ColemanChairman/director
Ray ShufeltPresident/director
Amy KyleDirector
Bob DuncanDirector
Eric SchenkDirector
Hassell FranklinDirector
Jerome BolickDirector
Mike DuganDirector
Pat SmithDirector
Steve HodgesDirector
Tommy TomkinsDirector
-Trustee
Andy S CountsSecretary/treasurer/direct
Revenue and Support

Revenue Composition

Contributions and Grants
$23,705
Program Service Revenue
$0
Investment Income
$26,619
Other Revenue
$279
All Other Contributions
$120
Change in Net Assets
$-97,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$140,316
Other Expenses$7,474
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$133,566--$133,566
Fees for Service Investment Mgmnt Fees$7,126--$7,126
Grants to Domestic Individuals$6,750--$6,750
Other Expenses$147--$147
Total Functional Expenses$147,790$0$0$147,790
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Home Furnishings AllianceHigh Point, NC501(c)(3)Scholarshipsscholarshipsscholarships$82,000
Mississippi State Univeristy FoundationMs State Univ, MS501(c)(3)Scholarships$51,566
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 organization's secretary/treasurer reviews the return before it is filed.

Form 990, Part VI, Section C, Line 19

The organization does not currently have a conflict of interest policy nor audited financial statements, and it does not generally make its governing documents available to the public.

Filing and Contact Details

Filer

Filer Name
Fa Furniture Foundation
EIN
56-6044941
Phone
3368845000
Address
1912 EASTCHESTER DRIVE SUITE 100, HIGH POINT, NC 27265

Signing Officer

Name
Andy Counts
Title
Treasurer
Phone
3368845000
Signed
2016-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Counts
Formed
1947
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Smith Leonard Pllc
Address
4035 PREMIER DRIVE SUITE 300, HIGH POINT, NC 27265-8143
Preparer
Addison R Maille
Phone
3368830181
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IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt05586
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt05586
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt0133566
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0133566
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt042031
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt047617
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0175597
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0133566
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt042031
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt047617
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0133566
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt05586
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt01.000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0133566
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0133566
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION'S GOVERNING DOCUMENTS DO NOT DESIGNATE SPECIFIC SCHOOLS OR ORGANIZATIONS AS RECIPIENTS OF THE ORGANIZATION'S SUPPORT, BUT RATHER DESIGNATES EDUCATIONAL INSTITUTIONS AS A CLASS OF DONEES TO WHICH THE ORGANIZATION SHALL MAKE GRANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 1:
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0561394598
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1640410581
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0133566
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0AMERICAN HOME FURNISHINGS ALLIANCE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1MISSISSIPPI STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0133566
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/OtherSecuritiesGrp/BookValueAmt01121095
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VARIOUS SECURITIES [AVAILABLE UPON REQUEST]
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01121095
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/RecipientTable/CashGrantAmt082000
IRS990ScheduleI/RecipientTable/CashGrantAmt151566
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPSSCHOLARSHIPSSCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AMERICAN HOME FURNISHINGS ALLIANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MISSISSIPPI STATE UNIVERISTY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0561394598
IRS990ScheduleI/RecipientTable/RecipientEIN1640410581
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01912 EASTCHESTER DRIVE SUITE 100
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 6149
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HIGH POINT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MS STATE UNIV
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.10$0.11$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.02$0.10$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.10$0.10$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.16$0.09$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.08$0.10$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.07$0.12$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.08$0.11$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.17$0.05$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.05$0.15$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.06$0.10$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.23$0.07$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.00$1.27$0.16
Peer Organizations

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