Civic Intelligence

The David H Garrett Foundation

990 • Fiscal year 2018 • EIN 57-0685683

Jun 01, 2017 to May 31, 2018 • Filed on Sep 21, 2018

16 Mcdaniel CourtGreenville, SC 29605

(864) 235-3108

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

50th percentile

1.1%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-41%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$3,044,866

Up $32,565 (+1.1%) from 2017

Net Assets

Up

$3,044,866

Up $32,565 (+1.1%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$326,885

Down $229,905 (-41%) from 2017

Expenses

Up

$143,112

Up $11,790 (+9.0%) from 2017

Net Income

Down

$183,773

Down $241,695 (-57%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,762,008Liabilities 2012: $0Net Assets 2012: $1,762,0082012Assets 2013: $1,893,235Liabilities 2013: $0Net Assets 2013: $1,893,2352013Assets 2014: $2,032,425Liabilities 2014: $0Net Assets 2014: $2,032,4252014Assets 2015: $2,221,140Liabilities 2015: $0Net Assets 2015: $2,221,1402015Assets 2016: $2,285,402Liabilities 2016: $0Net Assets 2016: $2,285,4022016Assets 2017: $3,012,301Liabilities 2017: $0Net Assets 2017: $3,012,3012017Assets 2018: $3,044,866Liabilities 2018: $0Net Assets 2018: $3,044,8662018Assets 2019: $3,216,586Liabilities 2019: $0Net Assets 2019: $3,216,5862019Assets 2020: $3,025,176Liabilities 2020: $0Net Assets 2020: $3,025,1762020Assets 2021: $3,698,779Liabilities 2021: $0Net Assets 2021: $3,698,7792021Assets 2022: $3,864,708Liabilities 2022: $0Net Assets 2022: $3,864,7082022

Highlighted filing

2018

Assets$3,044,866
Liabilities$0
Net Assets$3,044,866

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $220,264Expenses 2012: $101,570Net Income 2012: $118,6942012Revenue 2013: $233,145Expenses 2013: $101,922Net Income 2013: $131,2232013Revenue 2014: $250,237Expenses 2014: $111,265Net Income 2014: $138,9722014Revenue 2015: $312,565Expenses 2015: $124,000Net Income 2015: $188,5652015Revenue 2016: $195,355Expenses 2016: $128,494Net Income 2016: $66,8612016Revenue 2017: $556,790Expenses 2017: $131,322Net Income 2017: $425,4682017Revenue 2018: $326,885Expenses 2018: $143,112Net Income 2018: $183,7732018Revenue 2019: $260,682Expenses 2019: $138,317Net Income 2019: $122,3652019Revenue 2020: $142,646Expenses 2020: $236,078Net Income 2020: -$93,4322020Revenue 2021: $272,059Expenses 2021: $38,515Net Income 2021: $233,5442021Revenue 2022: $198,177Expenses 2022: $139,932Net Income 2022: $58,2452022

Highlighted filing

2018

Revenue$326,885
Expenses$143,112
Net Income$183,773
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Sep 21, 2018
Return Version
2017v2.3
Gross Receipts
$699,619
Mission and Program Overview

Mission

The david h. Garrett foundation is a supporting organization as defined in irc sec 509(a)(3). All grants are made to the fountain inn presbyterian church, the foundation's supported organization.

The david h. Garrett foundation is a supporting organization under irc sec 509(a)(3). All grants are made to the fountain inn presbyterian church, its supported organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,012,301$3,044,866▲ $32,565
Investments in Publicly Traded Securities$2,793,458$2,675,014▼ $118,444
Savings and Temporary Cash Investments$218,843$369,852▲ $151,009
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,012,301$3,044,866▲ $32,565
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,012,301$3,044,866▲ $32,565
Total Liabilities and Net Assets / Fund Balance$3,012,301$3,044,866▲ $32,565
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris GarrettTrustee
Chris JonesTrustee
Daniel ElmoreTrustee
Kate TumblinTrustee
Kerri McdannaldTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$160,000
Program Service Revenue
$0
Investment Income
$165,943
Other Revenue
$942
All Other Contributions
$160,000
Change in Net Assets
$183,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$134,500
Other Expenses$8,612
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$134,500--$134,500
Fees for Services Accounting-$6,533-$6,533
Other Expenses-$2,079-$2,079
Total Functional Expenses$134,500$8,612$0$143,112
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fountain Inn Presbyterian ChurchFountain Inn, SC501(c)(3)General Funds$134,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The David H Garrett Foundation
EIN
57-0685683
In Care Of
% CHRIS GARRETT
Phone
8642353108
Address
16 MCDANIEL COURT, GREENVILLE, SC 29605

Signing Officer

Name
Chris Garrett
Title
Trustee
Phone
8649677501
Signed
2018-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Garrett
Formed
1977
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Ernst & Young US Llp
Address
1901 6TH AVENUE NORTH STE 1200, BIRMINGHAM, AL 35203
Preparer
Kathy Pitts
Phone
2052512000
Supplemental Narrative

Additional Explanations

Trustee Relationships

Form 990, Part VI, Line 2 Chris Garrett and Kerri McDannald have a family relationship. W. GORDON GARRETT AND DAVID T. GARRETT ARE BROTHERS.

Form 990 Review

Form 990, part vi, line 11b only chris garrett reviews the return before it is filed.

Governing Documents and Financial Statements

Form 990, part vi, line 19 the financial statements and governing documents are available upon request to the organization.

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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0942
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03012301
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03044866
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0218843
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0369852
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0570826851
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0134500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0FOUNTAIN INN PRESBYTERIAN CHURCH
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0134500
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0134500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL FUNDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FOUNTAIN INN PRESBYTERIAN CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0570826851
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0307 N MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FOUNTAIN INN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029644
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The mission of the Organization is to give contributions to the Fountain Inn PrYsbyterian Church. There is a long standing relationship between the organization and the church. The church then disburses the funds to other selected 501(c)(3) organizations.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Line 2 Chris Garrett and Kerri McDannald have a family relationship. W. GORDON GARRETT AND DAVID T. GARRETT ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, LINE 11B ONLY CHRIS GARRETT REVIEWS THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, LINE 19 THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Trustee Relationships
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 Review
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BLAKE P GARRETT SR FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FOUNTAIN INN PRESBYTERIAN CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570660201
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1570826851
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT ORG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0III-O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 36
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1307 N MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FOUNTAIN INN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1FOUNTAIN INN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029644
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd129644
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0134500
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Fountain Inn Presbyterian Church
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03012301
IRS990/TotalAssetsEOYAmt03044866
IRS990/TotalAssetsGrp/BOYAmt03012301
IRS990/TotalAssetsGrp/EOYAmt03044866
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0160000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08612
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0134500
IRS990/TotalFunctionalExpensesGrp/TotalAmt0143112
IRS990/TotalGrossUBIAmt0-25488
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$0.00$3.86$0.20$0.14$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.70$0.00$3.70$0.27$0.04$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.03$0.00$3.03$0.14$0.24$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.00$3.22$0.26$0.14$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.33$0.14$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.00$3.01$0.56$0.13$0.43
2016Summary only. Only limited summary data is available for this year.$2.29$0.00$2.29$0.20$0.13$0.07
2015Summary only. Only limited summary data is available for this year.$2.22$0.00$2.22$0.31$0.12$0.19
2014Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$0.25$0.11$0.14
2013Summary only. Only limited summary data is available for this year.$1.89$0.00$1.89$0.23$0.10$0.13
2012Summary only. Only limited summary data is available for this year.$1.76$0.00$1.76$0.22$0.10$0.12