Civic Intelligence

Black and Gold Facilities Inc

990 • Fiscal year 2018 • EIN 71-1002961

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 26, 2019

Organization ProfileWWW.GRAM.EDU
PO Box 587Grambling, LA 71245

(318) 274-6406

Siviq Scores

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

Liabilities / Assets

94th percentile

1.21x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

10.88x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

31st percentile

-3.1%

Higher net margin than 31% 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

22nd percentile

-5.5%

Faster asset growth than 22% of similar nonprofits.

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

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,797,036

Down $222,214 (-5.5%) from 2017

Net Assets

Down

-$811,545

Down $13,107 (-1.6%) from 2017

Liabilities

Down

$4,608,581

Down $209,107 (-4.3%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin31st percentile

Revenue

Down

$423,673

Down $15,685,458 (-97%) from 2017

Expenses

Down

$436,780

Down $4,816,526 (-92%) from 2017

Net Income

Down

-$13,107

Down $10,868,932 (-100%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$150M$100M$50M$0-$50MAssets 2011: $104,649,541Liabilities 2011: $107,972,154Net Assets 2011: -$3,322,6132011Assets 2012: $101,222,745Liabilities 2012: $106,654,624Net Assets 2012: -$5,431,8792012Assets 2013: $98,505,482Liabilities 2013: $105,141,689Net Assets 2013: -$6,636,2072013Assets 2014: $95,612,389Liabilities 2014: $103,480,240Net Assets 2014: -$7,867,8512014Assets 2015: $91,618,069Liabilities 2015: $101,752,230Net Assets 2015: -$10,134,1612015Assets 2016: $88,488,765Liabilities 2016: $100,143,028Net Assets 2016: -$11,654,2632016Assets 2017: $4,019,250Liabilities 2017: $4,817,688Net Assets 2017: -$798,4382017Assets 2018: $3,797,036Liabilities 2018: $4,608,581Net Assets 2018: -$811,5452018Assets 2019: $3,671,493Liabilities 2019: $4,486,301Net Assets 2019: -$814,8082019Assets 2020: $358,503Liabilities 2020: $0Net Assets 2020: $358,5032020Assets 2021: $358,503Liabilities 2021: $0Net Assets 2021: $358,5032021Assets 2022: $358,503Liabilities 2022: $0Net Assets 2022: $358,5032022Assets 2023: $387,505Liabilities 2023: $0Net Assets 2023: $387,5052023Assets 2024: $2,771,647Liabilities 2024: $94,904Net Assets 2024: $2,676,7432024

Highlighted filing

2018

Assets$3,797,036
Liabilities$4,608,581
Net Assets-$811,545
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $11,674,5792011Expenses 2012: $12,743,1402012Revenue 2013: $10,338,699Expenses 2013: $12,258,708Net Income 2013: -$1,920,0092013Revenue 2014: $11,503,041Expenses 2014: $11,942,254Net Income 2014: -$439,2132014Revenue 2015: $9,847,075Expenses 2015: $12,611,574Net Income 2015: -$2,764,4992015Revenue 2016: $10,300,101Expenses 2016: $11,820,203Net Income 2016: -$1,520,1022016Revenue 2017: $16,109,131Expenses 2017: $5,253,306Net Income 2017: $10,855,8252017Revenue 2018: $423,673Expenses 2018: $436,780Net Income 2018: -$13,1072018Revenue 2019: $421,669Expenses 2019: $424,932Net Income 2019: -$3,2632019Revenue 2020: $1,233,853Expenses 2020: $60,542Net Income 2020: $1,173,3112020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $29,002Expenses 2023: $0Net Income 2023: $29,0022023Revenue 2024: $2,295,858Expenses 2024: $27,614Net Income 2024: $2,268,2442024

Highlighted filing

2018

Revenue$423,673
Expenses$436,780
Net Income-$13,107
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 26, 2019
Return Version
2017v2.3
Gross Receipts
$423,673
Mission and Program Overview

Mission

To promote, assist and benefit the mission of grambling state university by engaging in any lawful activity.

To promote, assist and benefit the mission of grambling state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,188,162$3,048,914▼ $139,248
Investments in Publicly Traded Securities$725,257$731,405▲ $6,148
Cash and Non-Interest-Bearing Accounts$14,003$16,717▲ $2,714
Total Assets$3,927,422$3,797,036▼ $130,386
Liabilities
Tax Exempt Bond Liabilities$4,656,382$4,409,103▼ $247,279
Accounts Payable and Accrued Expenses$0$130,000▲ $130,000
Other Liabilities$69,478$69,478→ $0
Total Liabilities$4,725,860$4,608,581▼ $117,279
Net Assets / Fund Balance
Unrestricted Net Assets$-798,438$-811,545▼ $13,107
Total Net Assets Fund Balance$-798,438$-811,545▼ $13,107
Total Liabilities and Net Assets / Fund Balance$3,927,422$3,797,036▼ $130,386

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,714,885$1,462,438$4,177,323
Land$334,029-$334,029
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Janet D BarnesChair
Tommy CarrMember
Willie HendricksMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,743
Investment Income
$6,193
Other Revenue
$407,737
Change in Net Assets
$-13,107

Audited Revenue Reconciliation

Revenue per Audited Statements
$423,673
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$423,673
Total Revenue per Form 990
$423,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$436,780
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$276,570--$276,570
Depreciation Depletion$146,968--$146,968
Fees for Services Management-$9,743-$9,743
Other Expenses$3,178--$3,178
Office Expenses$321--$321
Total Functional Expenses$427,037$9,743$0$436,780

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$436,780
Total Expenses per Audited Statements$436,780
Total Expenses per Form 990$436,780
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Bond Interest$69,478

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALouisiana Public Facility Authority2006-12-28$5,700,000Maintain university facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,700,000-$905,000$150,892

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The university controller and president of black and gold facilities, inc. Reviews the form 990 prior to filing.”

Form 990, Part VI, Section C, Line 19

“Governing documents will be available upon request.”

Filing and Contact Details

Filer

Filer Name
Black and Gold Facilities Inc
EIN
71-1002961
Phone
3182746406
Address
PO BOX 587, GRAMBLING, LA 71245

Signing Officer

Name
Janet D Barnes
Title
Chair
Phone
3182746406
Signed
2019-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet D Barnes
Formed
2006
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
1

Preparer

Firm
Warren Averett LLC
Address
2500 ACTON ROAD, BIRMINGHAM, AL 35243
Preparer
Megan Randolph
Phone
2059794100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has an audit committee that reviews and discusses the external audit. This committee is directly responsible for the oversight of the audit process.”

Financial Statement Notes

PART X, LINE 2:

“The facilities applies authoritative guidance relating to uncertainty in income taxes. This guidance requires entities to assess their tax positions for the likelihood that they would be overturned upon internal revenue service (irs) examination or upon examination by state taxing authorities. In accordance with this guidance, the facilities has assessed its tax positions and determined that it does not have any positions at june 30, 2018, that it would be unable to substantiate.”

Raw XML AppendixShowing 400 of 415 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0436780
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0725257
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0150892
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0905000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt05700000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt0725257
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE UNIVERSITY CONTROLLER AND PRESIDENT OF BLACK AND GOLD FACILITIES, INC. REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS WILL BE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT REVIEWS AND DISCUSSES THE EXTERNAL AUDIT. THIS COMMITTEE IS DIRECTLY RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt04656382
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt04409103
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03927422
IRS990/TotalAssetsEOYAmt03797036
IRS990/TotalAssetsGrp/BOYAmt03927422
IRS990/TotalAssetsGrp/EOYAmt03797036
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IRS990/TotalEmployeeCnt00
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IRS990/TotalLiabilitiesEOYAmt04608581
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IRS990/TotalProgramServiceRevenueAmt09743
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09743
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0423673
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-798438
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-811545
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.GRAM.EDU
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JANET D BARNES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03182746406
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-26
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,797,036
Liabilities
$4,608,581
Net assets
-$811,545
Revenue
$423,673
Expenses
$436,780
Net income
-$13,107
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.77$0.09$2.68$2.30$0.03$2.27
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.03$0.00$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.23$0.06$1.17
2019Detailed filing. Detailed filing data is available for this year.$3.67$4.49$0.81$0.42$0.42$0.00
2018Detailed filing. Detailed filing data is available for this year.$3.80$4.61$0.81$0.42$0.44$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.02$4.82$0.80$16.1$5.25$10.9
2016Summary only. Only limited summary data is available for this year.$88.5$100$11.7$10.3$11.8$1.52
2015Summary only. Only limited summary data is available for this year.$91.6$102$10.1$9.85$12.6$2.76
2014Detailed filing. Detailed filing data is available for this year.$95.6$103$7.87$11.5$11.9$0.44
2013Summary only. Only limited summary data is available for this year.$98.5$105$6.64$10.3$12.3$1.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$107$5.43$12.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$108$3.32$11.7