Civic Intelligence

Edwin Morgan Center Inc

990 • Fiscal year 2015 • EIN 58-9178020

Oct 01, 2014 to Sep 30, 2015 • Filed on Jul 22, 2016

500 Lauchwood DriveLaurinburg, NC 28352

(910) 291-7920

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

6th percentile

-73%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

100th percentile

$412,021

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 292.8% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

5th percentile

-73%

Faster revenue growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$462,008

Down $194,014 (-30%) from 2014

Net Assets

Down

$462,008

Down $194,014 (-30%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$140,711

Down $374,824 (-73%) from 2014

Expenses

Down

$243,857

Down $290,933 (-54%) from 2014

Net Income

Down

-$103,146

Down $83,891 (-436%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,395,740Liabilities 2010: $0Net Assets 2010: $1,395,7402010Assets 2011: $1,160,887Liabilities 2011: $0Net Assets 2011: $1,160,8872011Assets 2012: $1,683,539Liabilities 2012: $0Net Assets 2012: $1,683,5392012Assets 2013: $898,231Liabilities 2013: $0Net Assets 2013: $898,2312013Assets 2014: $656,022Liabilities 2014: $0Net Assets 2014: $656,0222014Assets 2015: $462,008Liabilities 2015: $0Net Assets 2015: $462,0082015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2015

Assets$462,008
Liabilities$0
Net Assets$462,008

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,296,1392010Expenses 2011: $4,230,7142011Revenue 2012: $3,432,804Expenses 2012: $4,131,623Net Income 2012: -$698,8192012Expenses 2013: $3,305,5812013Revenue 2014: $515,535Expenses 2014: $534,790Net Income 2014: -$19,2552014Revenue 2015: $140,711Expenses 2015: $243,857Net Income 2015: -$103,1462015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017

Highlighted filing

2015

Revenue$140,711
Expenses$243,857
Net Income-$103,146
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jul 22, 2016
Return Version
2014v6.0
Gross Receipts
$261,112
Mission and Program Overview

Mission

We believe in the right of every human being, regardless of age, race, religion and socioeconomic status, to have access to the best possible physical and psychosocial care in order to return to their prior community based living arrangements or to promote the best possible quality of life within the institutional setting.

SKILLED NURSING FACILITY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$655,020$458,724▼ $196,296
Cash and Non-Interest-Bearing Accounts$1,002$3,284▲ $2,282
Total Assets$656,022$462,008▼ $194,014
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$656,022$462,008▼ $194,014
Total Net Assets Fund Balance$656,022$462,008▼ $194,014
Total Liabilities and Net Assets / Fund Balance$656,022$462,008▼ $194,014

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$324,505$2,679,096$3,003,601
Equipment$106,003$875,156$981,159
Leasehold Improvements$17,112$141,273$158,385
Other Land Buildings$11,104-$11,104
Compensation and Service Providers

Employees

NameTitleOtherTotal
Donna Richardson MdTrustee$107,067$107,067
Stephen Lanuti MdTrustee$91,109$91,109
Richard Alexander MdTrustee$51,075$51,075
MICHAEL O'DONNELL MDTrustee$1,200$1,200
Kelvin Raybon MdTrustee$750$750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$261,112
Investment Income
$-120,401
Other Revenue
$0
Change in Net Assets
$-103,146

Audited Revenue Reconciliation

Revenue per Audited Statements
$140,711
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$120,401
Total Revenue per Audited Statements
$261,112
Total Revenue per Form 990
$140,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,803
Salaries, Compensation, and Employee Benefits$53,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$95,356--$95,356
Other Salaries and Wages$42,443$10,611-$53,054
Office Expenses$31,446$7,884-$39,330
Fees for Services Other$26,564$6,641-$33,205
Occupancy$17,656$4,391-$22,047
Other Expenses$865--$865
Total Functional Expenses$214,330$29,527$0$243,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$364,258
Expenses per Audited Statements$243,857
Total Expenses per Form 990$243,857
Expenses Not Reported on Form 990$120,401
Expenses Not Reported on Financial Statements$0
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
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Edwin morgan center, inc. Signed a management agreement with century care on july 1, 2013. Century care will manage the existing operation in its' present location until they have build an additional 50 beds to an already existing campus. When complete, the patients at emc will transfer and century care will have the rights to the con and medicare/medicaid provider numbers. When complete emc/shcs will continue to own the building, but no longer continue in the long-term care business.

Form 990, Part VI, Section B, Line 11

Prior to filing date, the form 990 was presented to the board of trustees for review. An opportunity was provided for questions and answers.

Form 990, Part VI, Section B, Line 12C

The organization requires all officers, directors, and trustees to review and sign the conflict of interest disclosure statement annually.

Form 990, Part VI, Section B, Line 15

The process for determining compensation for ceo and cfo entails a review of performance by the executive committee of the board of trustees, conducting a compensation benchmark study by an independent recognized third party, and review of compensation by carolinas healthcare system compensation committee of the board of directors. Final approval is then made and documented by the scotland health care system board of trustees.

Form 990, Part VI, Section C, Line 18

Photocopies of the form 990 are available upon request in the organization's administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and conflict of interest policy available to the public upon request in the scotland memorial hospital executive assistant's office. The organization makes its financial statements available to the public upon request in the vp, finance office or general accounting department.

Form 990, Part VII & Schedule J

The organization is utilizing part vii and schedule j of the form 990 to report the compensation paid to the ceo and cfo by a management company for services provided to a related organization. The compensation has been reported in the related organization's compensation columns of these sections.

Filing and Contact Details

Filer

Filer Name
Edwin Morgan Center Inc
EIN
58-9178020
Phone
9102917920
Address
500 LAUCHWOOD DRIVE, LAURINBURG, NC 28352

Signing Officer

Name
Matthew Pracht
Title
CFO
Phone
9102917920
Signed
2016-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Pracht
Formed
1988
Legal Domicile
Nc
Voting Board Members
25
Independent Board Members
20
Employees
1
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Equip maint contract: program service expenses 17,281. Management and general expenses 4,320. Fundraising expenses 0. Total expenses 21,601. Contract fees: program service expenses 8,156. Management and general expenses 2,039. Fundraising expenses 0. Total expenses 10,195. Other professional fees: program service expenses 1,127. Management and general expenses 282. Fundraising expenses 0. Total expenses 1,409.

FORM 990, PART XI, LINE 9:

Reclass of net assets -90,868.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS:

The organization historically operated a skilled nursing facility. For fiscal year 9/30/15 the organization did not operate the facility. The activity reported on the form 990 is residual activity from this operation.

Financial Statement Notes

PART X, LINE 2:

The corporation and its nonprofit affiliates are exempt from federal income taxes under section 501(a) as organizations described in section 501(c)(3) of the internal revenue code. The llc is treated as a partnership and as such, the income flows through to the owners of the llc. The corporation has determined that it does not have any material unrecognized tax benefits or obligations as of september 30, 2015. The corporation believes they are no longer subject to income tax examinations for years prior to september 30, 2012.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of assets 120,401.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of assets 120,401.

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