Civic Intelligence

Black and Gold Facilities Inc

990 • Fiscal year 2019 • EIN 71-1002961

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 02, 2020

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

1.22x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

10.64x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

36th percentile

-0.8%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

25th percentile

-3.3%

Faster asset growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-0.5%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$3,671,493

Down $125,543 (-3.3%) from 2018

Net Assets

Down

-$814,808

Down $3,263 (-0.4%) from 2018

Liabilities

Down

$4,486,301

Down $122,280 (-2.7%) from 2018

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin36th percentile

Revenue

Down

$421,669

Down $2,004 (-0.5%) from 2018

Expenses

Down

$424,932

Down $11,848 (-2.7%) from 2018

Net Income

Up

-$3,263

Up $9,844 (+75%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2019

Assets$3,671,493
Liabilities$4,486,301
Net Assets-$814,808
Open 2019 Filing

Operations Trend

Revenue Growth38th 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

2019

Revenue$421,669
Expenses$424,932
Net Income-$3,263
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 2, 2020
Return Version
2018v3.1
Gross Receipts
$421,669
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$3,048,914$2,909,666▼ $139,248
Investments in Publicly Traded Securities$731,405$745,110▲ $13,705
Cash and Non-Interest-Bearing Accounts$16,717$16,717→ $0
Total Assets$3,797,036$3,671,493▼ $125,543
Liabilities
Tax Exempt Bond Liabilities$4,409,103$4,276,823▼ $132,280
Accounts Payable and Accrued Expenses$130,000$140,000▲ $10,000
Other Liabilities$69,478$69,478→ $0
Total Liabilities$4,608,581$4,486,301▼ $122,280
Net Assets / Fund Balance
Unrestricted Net Assets$-811,545$-814,808▼ $3,263
Total Net Assets Fund Balance$-811,545$-814,808▼ $3,263
Total Liabilities and Net Assets / Fund Balance$3,797,036$3,671,493▼ $125,543

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,575,637$1,601,686$4,177,323
Land$334,029-$334,029
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Janet D BarnesPresident
Willie HendricksMember
Tommy CarrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,529
Investment Income
$13,783
Other Revenue
$399,357
Change in Net Assets
$-3,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$421,669
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$421,669
Total Revenue per Form 990
$421,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$424,932
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$269,435--$269,435
Depreciation Depletion$146,968--$146,968
Fees for Services Management-$8,529-$8,529
Total Functional Expenses$416,403$8,529$0$424,932

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$424,932
Total Expenses per Audited Statements$424,932
Total Expenses per Form 990$424,932
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-$1,160,000$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
President
Phone
3182746406
Signed
2020-06-02
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
2

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, 2019, that it would be unable to substantiate.”

Raw XML AppendixShowing 400 of 412 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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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:
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,671,493
Liabilities
$4,486,301
Net assets
-$814,808
Revenue
$421,669
Expenses
$424,932
Net income
-$3,263
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