Gsbc Community Development Corp FY2020 filing

Tax-deductible

Birmingham, AL501(c)(3)Foundations & GrantmakersEIN 20-3496884

Charitable, religious, educatinal, and scientific purposes including for such purposes, the making of distributions to organizations tht qualify as exempt organizations under 501(c)3

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $45K a year · 12% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: -0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$47K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$341K
Spent
$325K
To programs
67%
Net assets
$37K
By yearFY2020–FY2023
Revenue
$341K
FY2020
Revenue by fiscal year
FY2020$341K
FY2021$376K
FY2022$372K
FY2023$444K
Expenses
$325K
FY2020
Expenses by fiscal year
FY2020$325K
FY2021$380K
FY2022$214K
FY2023$435K
Net assets
$37K
FY2020
Net assets by fiscal year
FY2020$37K
FY2021$33K
FY2022$191K
FY2023$201K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2012-05-15)
Per the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CGsbc Community Development Corp
EINHdr · item D20-3496884
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2013
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CBirmingham, AL
NTEE classificationIRS BMFFoundations & Grantmakers (T30)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33
Program services67%$216K
Management & general33%$109K
Total functional expensesLn 25$325K

Finances

Money in and out, what it owns and owes

Spent on programs
67%
of spending reaches programs
Months of spending covered by cash
-0.0mo
months of spending covered by cash and easy-to-sell investments
Surplus or deficit
+5%
as % of revenue, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$84K
FY2020
Total assets by fiscal year
FY2020$84K
FY2021$133K
FY2022$195K
FY2023$203K
Total liabilities
$47K
FY2020
Total liabilities by fiscal year
FY2020$47K
FY2021$100K
FY2022$3K
FY2023$2K
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$84K
Spent on programsPt IX · col B67%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1−$716
Total assetsLn 16$84K
Total liabilitiesLn 26$47K
Total net assetsLn 32$37K
Months of cash on handcomputed-0.0

Statement of Revenue

Part VIII
Program service revenue$209K · 61%
Contributions & grants$117K · 34%
Other revenue$15K · 4%
Program service revenue61%$209K
Contributions & grants34%$117K
Other revenue4%$15K
— government grantsLn 1e$100K
Total revenueLn 12$341K

Money in detail

Form 990 · FY2020 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments −$716 · Operating expenses/yr $325K
-0.0 months
Where the money goes
Program services
Program services $216K · Total expenses $325K
67%
Management & General
Management & general $109K · Total expenses $325K
33%
Fundraising
Fundraising $0 · Total expenses $325K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $17K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $117K · Total revenue $341K
34%
Government reliance
Government grants $100K · Total revenue $341K
29%
Earned-income share
Program service revenue $209K · Total revenue $341K
61%
Investment reliance
Investment income $0 · Total revenue $341K
0%
Program self-sufficiency
Program service revenue $209K · Total expenses $325K
65%
Growth & trend
Revenue change from last year
This year $341K · Prior year —
No prior year on file
Net assets change over the year
End of year $37K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $341K · Expenses $325K
+5%
Debts compared to what it owns
Total liabilities — · Total assets $84K
—
Net assets compared to what it owns
Net assets $37K · Total assets $84K
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $84K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Katrice · Reported title Murray · Highest reported compensation $33K · Total expenses $325K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $239K · Total expenses $325K
74%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 67%——
Spent on management, % of spending 33%——
Fundraising cost, % of gifts 0%——
Accounting fees, % of spending 2%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Murray
$32,678Pt VII · Sec A
Kelsey
$17,000Pt VII · Sec A
$13,000Pt VII · Sec A
Thomas
$11,846Pt VII · Sec A

Katrice Murray’s $40K as Accountant is at the 37th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2021FY2020
Katrice Murray$40,000$40,000—
Shaaron Wesley$40,000$10,769—
Katrice——$32,678
Janice——$17,000
Janice Kelsey—$15,400—
Dr Michael W Wesley$13,000——
Dr Michael Wesley—$13,000—
Dr Michael——$13,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Gives money to other charities for religious, educational, and scientific causes.

Provided by the organization

This section is blank until Gsbc Community Development Corp claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $216K of program spending, described in the organization's own filed words · FY2020.
01

Child Development Center provided a safe, loving and nurturing environment for scores of shildren not of school age to allow parents to continue to work or seek gainful employment

$216Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$6K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $444K$435K+19% 990 PDF
FY2022 $372K$214K-1.0% 990 PDF
FY2021 $376K$380K+10% 990 PDF
FY2020 Viewing $341K$325K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $341,072 across 6 lines filed
VIII-1e Government grants$100,000
VIII-1f All other contributions, gifts and grants$17,000
VIII-1h Total contributions, gifts and grants$117,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$209,403
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,669 · Unrelated business $0 · Excluded from tax $0$14,669
VIII-12 Total revenueRelated to mission $224,072 · Unrelated business $0 · Excluded from tax $0$341,072
Part IX · Statement of functional expenses $324,549 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $74,524 · Fundraising $0$74,524
IX-6 Pay of disqualified personsPrograms $147,962 · Management $0 · Fundraising $0$147,962
IX-10 Payroll taxesPrograms $12,454 · Management $3,606 · Fundraising $0$16,060
IX-11c Accounting feesPrograms $0 · Management $6,185 · Fundraising $0$6,185
IX-24 Other expenses (24a–d)Programs $41,776 · Management $24,258 · Fundraising $0$66,034
IX-24e All other expensesPrograms $13,784 · Management $0 · Fundraising $0$13,784
IX-25 Total functional expensesPrograms $215,976 · Management $108,573 · Fundraising $0$324,549
Part X · Balance sheet $83,913 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $218−$716
X-4 Accounts receivableStart of year $30,090$80,090
X-10c Land, buildings and equipment, netStart of year $3,136$4,539
X-16 Total assetsStart of year $33,444$83,913
X-17 Accounts payable and accrued expensesStart of year $12,931$46,877
X-26 Total liabilitiesStart of year $12,931$46,877
X-27 Net assets without donor restrictionsStart of year $20,513$37,036
X-32 Total net assets or fund balancesStart of year $20,513$37,036
X-33 Total liabilities and net assetsStart of year $33,444$83,913
Part XI · Reconciliation of net assets $37,036 net assets at year end
XI-1 Total revenue$341,072
XI-2 Total expenses$324,549
XI-3 Revenue less expenses$16,523
XI-4 Net assets at start of year$20,513
XI-10 Net assets at end of year$37,036

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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