Civic Intelligence

The 501 Exchange Co

990 • Fiscal year 2020 • EIN 82-2639210

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

Organization Profile
2114 Hodges Mill RdWatkinsville, GA 30677

(912) 657-5946

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$234,555

Flat from 2020

Net Assets

Flat

$234,555

Flat from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses

Revenue

Flat

$354,555

Flat from 2020

Expenses

Flat

$120,000

Flat from 2020

Net Income

Flat

$234,555

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2020: $234,555Liabilities 2020: $0Net Assets 2020: $234,5552020Assets 2020: $234,555Liabilities 2020: $0Net Assets 2020: $234,5552020Assets 2021: $288,013Liabilities 2021: $4,834Net Assets 2021: $283,1792021Assets 2022: $222,691Liabilities 2022: $4,932Net Assets 2022: $217,7592022Assets 2023: $144,221Liabilities 2023: $1,476Net Assets 2023: $142,7452023Assets 2024: $138,581Liabilities 2024: $35,612Net Assets 2024: $102,9692024

Highlighted filing

2020

Assets$234,555
Liabilities$0
Net Assets$234,555
Open 2020 Filing

Operations Trend

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

$400K$200K$0-$200KRevenue 2020: $354,555Expenses 2020: $120,000Net Income 2020: $234,5552020Revenue 2020: $354,555Expenses 2020: $120,000Net Income 2020: $234,5552020Revenue 2021: $183,993Expenses 2021: $128,881Net Income 2021: $55,1122021Revenue 2022: $148,929Expenses 2022: $214,349Net Income 2022: -$65,4202022Revenue 2023: $116,780Expenses 2023: $151,282Net Income 2023: -$34,5022023Revenue 2024: $79,176Expenses 2024: $93,078Net Income 2024: -$13,9022024

Highlighted filing

2020

Revenue$354,555
Expenses$120,000
Net Income$234,555
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Gross Receipts
$354,555
Mission and Program Overview

Mission

The Organization curates content, culture, and events for the purpose of helping set others free spiritually, mentally, emotionally, financially, relationally, and physically.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$234,555-
Total Assets$0$234,555▲ $234,555
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$234,555-
Total Net Assets Fund Balance$0$234,555▲ $234,555
Total Liabilities and Net Assets / Fund Balance$0$234,555▲ $234,555
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul SmithPresident
Adam C KershVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$317,062
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$37,493
Change in Net Assets
$234,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,000
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
Payments to Affiliates$102,000--$102,000
Occupancy-$15,000-$15,000
Fees for Services Other-$3,000-$3,000
Total Functional Expenses$102,000$18,000$0$120,000
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
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 governing body review Part VI line 11

“The governing body reviewed this return before filing.”

Conflict of interest policy compliance Part VI line 12C

“The organization has a written conflict of interest policy available upon requet.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
The 501 Exchange Co
EIN
82-2639210
Address
2114 Hodges Mill Rd, Watkinsville, GA 30677

Signing Officer

Name
Paul Smith
Title
President
Phone
9126575946
Signed
2021-05-10
Discuss with paid preparer
No

Organization Details

Formed
2017
Legal Domicile
Ga
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Dime Tax
Address
PO Box 1750, Dawsonville, GA 30534
Preparer
Christine Hinton
Phone
7065223025
Supplemental Narrative

Additional Explanations

Amended return information

“FRVR Inc changed its name to The 501 Exchange Co in 2020”

Raw XML Appendix242 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
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IRS990/FormationYr02017
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GovernmentGrantsAmt0317062
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0354555
IRS990/GrossSalesOfInventoryAmt037493
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/NameChangeInd0X
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/PartialLiquidationInd0false
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IRS990/PoliticalCampaignActyInd0false
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IRS990/ProgSrvcAccomActy2Grp/Desc0Contriutions were made to Thirst No More to Drill Wells alongside Church. As well as, providing a new roof on the school dormitory which houses 100 children.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt022000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FRVR Inc changed its name to The 501 Exchange Co in 2020
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
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ReturnHeader/Filer/EIN0822639210
ReturnHeader/Filer/USAddress/AddressLine1Txt02114 Hodges Mill Rd
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ReturnHeader/PreparerPersonGrp/PhoneNum07065223025
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Christine Hinton
ReturnHeader/ReturnTs02021-11-15T12:07:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Paul
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Smith
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$234,555
Liabilities
$0
Net assets
$234,555
Revenue
$354,555
Expenses
$120,000
Net income
$234,555
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.36$1.03$0.79$0.93$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.43$1.17$1.51$0.35
2022Detailed filing. Detailed filing data is available for this year.$2.23$0.05$2.18$1.49$2.14$0.65
2021Detailed filing. Detailed filing data is available for this year.$2.88$0.05$2.83$1.84$1.29$0.55
2020Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$3.55$1.20$2.35
2020Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$3.55$1.20$2.35
Peer Organizations

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