Civic Intelligence

Black Mountain Center Foundation Inc.

990 • Fiscal year 2017 • EIN 58-2158076

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 29, 2018

Organization Profilebmc-foundation.org

Refreshing map…

932 Old Highway 70Black Mountain, NC 28711

(828) 259-6773

Siviq Scores

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

Liabilities / Assets

78th percentile

0.00x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.01x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Source year 2017

Net Margin

31st percentile

-28%

Higher net margin than 31% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$8,438

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 23.6% of source-year revenue.

2017 filings • NTEE T • $500k-$1M nonprofits • Source year 2017

Asset Growth

66th percentile

6.2%

Faster asset growth than 66% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-54%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$722,148

Up $42,454 (+6.2%) from 2016

Net Assets

Up

$721,721

Up $42,027 (+6.2%) from 2016

Liabilities

Up

$427

Up $427 from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin31st percentile

Revenue

Down

$35,765

Down $41,879 (-54%) from 2016

Expenses

Down

$45,680

Down $31,952 (-41%) from 2016

Net Income

Down

-$9,915

Down $9,927 (-82725%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$1.0M$500K$0Assets 2011: $199,986Liabilities 2011: $0Net Assets 2011: $199,9862011Assets 2012: $204,334Liabilities 2012: $0Net Assets 2012: $204,3342012Assets 2013: $414,257Liabilities 2013: $0Net Assets 2013: $414,2572013Assets 2014: $573,583Liabilities 2014: $0Net Assets 2014: $573,5832014Assets 2015: $679,682Liabilities 2015: $0Net Assets 2015: $679,6822015Assets 2016: $679,694Liabilities 2016: $0Net Assets 2016: $679,6942016Assets 2017: $722,148Liabilities 2017: $427Net Assets 2017: $721,7212017Assets 2018: $661,352Liabilities 2018: $7,220Net Assets 2018: $654,1322018Assets 2019: $732,699Liabilities 2019: $1,166Net Assets 2019: $731,5332019Assets 2020: $806,534Liabilities 2020: $1,347Net Assets 2020: $805,1872020Assets 2021: $855,204Liabilities 2021: $10,015Net Assets 2021: $845,1892021Assets 2022: $706,528Liabilities 2022: $1,905Net Assets 2022: $704,6232022Assets 2023: $755,860Liabilities 2023: $2,772Net Assets 2023: $753,0882023Assets 2024: $778,088Liabilities 2024: $1,310Net Assets 2024: $776,7782024

Highlighted filing

2017

Assets$722,148
Liabilities$427
Net Assets$721,721
Open 2017 Filing

Operations Trend

Revenue Growth11th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $32,618Expenses 2011: $32,030Net Income 2011: $5882011Revenue 2012: $35,758Expenses 2012: $31,409Net Income 2012: $4,3492012Revenue 2013: $248,043Expenses 2013: $38,120Net Income 2013: $209,9232013Revenue 2014: $198,091Expenses 2014: $38,765Net Income 2014: $159,3262014Revenue 2015: $166,716Expenses 2015: $60,617Net Income 2015: $106,0992015Revenue 2016: $77,644Expenses 2016: $77,632Net Income 2016: $122016Revenue 2017: $35,765Expenses 2017: $45,680Net Income 2017: -$9,9152017Revenue 2018: $38,808Expenses 2018: $61,691Net Income 2018: -$22,8832018Revenue 2019: $45,190Expenses 2019: $55,750Net Income 2019: -$10,5602019Revenue 2020: $38,727Expenses 2020: $33,806Net Income 2020: $4,9212020Revenue 2021: $77,593Expenses 2021: $80,602Net Income 2021: -$3,0092021Revenue 2022: $50,129Expenses 2022: $73,669Net Income 2022: -$23,5402022Revenue 2023: $77,407Expenses 2023: $77,843Net Income 2023: -$4362023Revenue 2024: $62,954Expenses 2024: $80,181Net Income 2024: -$17,2272024

Highlighted filing

2017

Revenue$35,765
Expenses$45,680
Net Income-$9,915
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 29, 2018
Return Version
2017v2.2
Gross Receipts
$44,864
Mission and Program Overview

Mission

through the Center's state budget. Provide educational and training opportunites for the benefit of the Center and community professionals as well as caregivers of persons with specialized intelletual developmental disorders and persons with specialized dementia. Promote the understanding of the general public regarding the characteristics, behaviors and needs of persons with specialized dementia.

Enhance the lives of residents of the black mountain neuro-medical center through funds to support initiatives, activities and equipment, which cannot be supported reasonably (cont. On page 2)

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$310,306--
Investments Program Related$277,251--
Investments in Publicly Traded Securities-$247,992-
Cash and Non-Interest-Bearing Accounts$90,637$39,111▼ $51,526
Land, Buildings, and Equipment, Net$1,500$1,500→ $0
Total Assets$679,694$722,148▲ $42,454
Other Assets Total-$433,545-
Liabilities
Accounts Payable and Accrued Expenses-$427-
Total Liabilities$0$427▲ $427
Net Assets / Fund Balance
Unrestricted Net Assets$679,694$715,821▲ $36,127
Temporarily Rstr Net Assets-$5,900-
Total Net Assets Fund Balance$679,694$721,721▲ $42,027
Total Liabilities and Net Assets / Fund Balance$679,694$722,148▲ $42,454

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,500-$1,500
Other Assets Org$433,545--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017-$400,000▲ $35,928-$433,545
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ann MartinExecutive DirectorPT$8,438$8,438

Board Members and Trustees

NameTitle
Linda McdanielPresident
Richard RheaVice President
Cindy BruceMember
Clay HileMember
Dee FintonMember
Elizabeth Bj Keel GomesMember
Gay HarrisMember
Jane StephensMember
Joan Hall WeaverMember
Ol Sherrill JrMember
Paul ClarkMember
Russell FintonMember
Sally LudlumMember
Scott BuchananMember
John BernhardtSecretary
Richard HudsonTresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,979
Program Service Revenue
$0
Investment Income
$3,465
Other Revenue
$-2,679
All Other Contributions
$32,824
Change in Net Assets
$-9,915

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,765
Revenue Not Reported on Form 990
$67,041
Total Revenue per Audited Statements
$102,806
Total Revenue per Form 990
$35,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,472
Other Expenses$10,943
Salaries, Compensation, and Employee Benefits$9,265
Total Fundraising Expense$463
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$25,472--$25,472
Current Officers, Directors, Trustees, and Key Employees$7,171$844$422$8,437
Fees for Services Accounting$0$4,900$0$4,900
Office Expenses$788$1,966$0$2,754
Payroll Taxes$704$83$41$828
Conferences and Meetings$0$627$0$627
Other Expenses$75$0$0$75
Total Functional Expenses$36,670$8,547$463$45,680

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$60,779
Expenses per Audited Statements$45,680
Total Expenses per Form 990$45,680
Expenses Not Reported on Form 990$15,099
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Black Mountain Neurotrama Medical CenterBlack Mountain, NC170(c)(1)Program Assistance$25,472
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,099
Fundraising Gross Income$6,230
Gaming Gross Income$190
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
Audit committee
Yes
Backup withholding compliance
Yes
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
Filing and Contact Details

Filer

Filer Name
Black Mountain Center Foundation
EIN
58-2158076
Phone
8282596773
Address
932 Old Highway 70, Black Mountain, NC 28711

Signing Officer

Name
Richard Hudson
Title
Treasurer
Phone
8282596773
Signed
2018-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Hudson
Formed
1993
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
16

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801-1434
Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is prepared by independent accountants,reviewed by management, presented to the Board for review, proposed revisions and final approval.”

Pt VI, Line 18

“Forms 1023 and 990 are available upon request.”

Pt VI, Line 19

“Copies of governing documents financial statements, Forms 990, and policies are available in the Center business office and are made available to the public on written request.”

Pt VI, Line 2

“Board Members Dee Finton and Russel Finton are married.”

Financial Statement Notes

Pt X, Line 2

“Black Mountain Center Foundation is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the Foundation's tax-exempt purpose may be subject to taxation as unrelated business income. The Foundation had no income from unrelated business activities in 2017 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The Foundation believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Pt V, Line 4

“In 2017, The Foundation established a board designated endowment fund at the Community Foundation of Western North Carolina (CFWNC). The Black Mountain Center Foundation Endowment Fund is an unrestricted, quasi-endowment designated by the Board of Directors to provide investment income to supplement The Foundations' operating income.”

Pt XI, Line 2D

“Fundraising Expenses”

Pt XII, Line 2D

“Fundraising Expenses”

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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/MissionDesc0through the Center's state budget. Provide educational and training opportunites for the
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IRS990/OtherExpensesGrp/Desc2Staff Development
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IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1127
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
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IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt275
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IRS990/OtherExpensesGrp/TotalAmt1127
IRS990/OtherExpensesGrp/TotalAmt275
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IRS990/PayrollTaxesGrp/TotalAmt0828
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IRS990/PrincipalOfficerNm0RICHARD HUDSON
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Black Mountain Neuro Trama Center's Director is a permanant Ex-Officio member of the Board. The Director of the BMNTC must approve the election and re-election of all Board members.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt IV Sec B Ln 1
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IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt025472
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Black Mountain Neurotrama
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0400000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0433545
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt035928
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt06000
IRS990ScheduleD/DonatedServicesUseFcltsAmt06000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
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IRS990ScheduleD/ExpensesNotReportedAmt015099
IRS990ScheduleD/ExpensesSubtotalAmt045680
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01500
IRS990ScheduleD/NetUnrealizedGainsInvstAmt051942
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0433545
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Board Designated Endowment
IRS990ScheduleD/OtherExpensesIncludedAmt09099
IRS990ScheduleD/OtherRevenueAmt09099
IRS990ScheduleD/RevenueNotReportedAmt067041
IRS990ScheduleD/RevenueSubtotalAmt035765
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Black Mountain Center Foundation is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the Foundation's tax-exempt purpose may be subject to taxation as unrelated business income. The Foundation had no income from unrelated business activities in 2017 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The Foundation believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1In 2017, The Foundation established a board designated endowment fund at the Community Foundation of Western North Carolina (CFWNC). The Black Mountain Center Foundation Endowment Fund is an unrestricted, quasi-endowment designated by the Board of Directors to provide investment income to supplement The Foundations' operating income.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Expenses
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Fundraising Expenses
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 2d
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IRS990ScheduleD/TotalRevenuePerForm990Amt035765
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt060779
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt025472
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(c)(1)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program Assistance
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Black Mountain Neurotrama Medical Center
IRS990ScheduleI/RecipientTable/RecipientEIN0582158076
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0932 Old US Highway 70
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Black Mountain
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is prepared by independent accountants,reviewed by management, presented to the Board for review, proposed revisions and final approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Forms 1023 and 990 are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Copies of governing documents financial statements, Forms 990, and policies are available in the Center business office and are made available to the public on written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board Members Dee Finton and Russel Finton are married.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 2
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$722,148
Liabilities
$427
Net assets
$721,721
Revenue
$35,765
Expenses
$45,680
Net income
-$9,915
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.78$0.01$7.77$0.63$0.80$0.17
2023Summary only. Only limited summary data is available for this year.$7.56$0.03$7.53$0.77$0.78$0.00
2022Summary only. Only limited summary data is available for this year.$7.07$0.02$7.05$0.50$0.74$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.55$0.10$8.45$0.78$0.81$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.07$0.01$8.05$0.39$0.34$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.33$0.01$7.32$0.45$0.56$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.61$0.07$6.54$0.39$0.62$0.23
2017Detailed filing. Detailed filing data is available for this year.$7.22$0.00$7.22$0.36$0.46$0.10
2016Summary only. Only limited summary data is available for this year.$6.80$0.00$6.80$0.78$0.78$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.80$0.00$6.80$1.67$0.61$1.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.74$0.00$5.74$1.98$0.39$1.59
2013Detailed filing. Detailed filing data is available for this year.$4.14$0.00$4.14$2.48$0.38$2.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.00$2.04$0.36$0.31$0.04
2011Summary only. Only limited summary data is available for this year.$2.00$0.00$2.00$0.33$0.32$0.01