Gsbc Community Development Corp FY2021 filing

Tax-deductible

Birmingham, AL501(c)(3)Foundations & GrantmakersEIN 20-3496884Revenue $376K in FY2021

On file with the IRS2135 Jefferson Ave Sw, 35211-4141 · Birmingham, ALTax-exempt since Nov 2013Publicly supported charity — 170(b)(1)(A)(vi)

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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.
69¢ of each $1 spent went to programs.
$79K 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

FY2021 · 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
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
$100K
75% of total assets
Worth a look: liabilities are 75% of assets; over 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
$376K
+10% vs prior year
Spent
$380K
To programs
69%
Net assets
$33K
By yearFY2020–FY2023
Revenue
$376K
FY2021▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$341K
FY2021$376K
FY2022$372K
FY2023$444K
Expenses
$380K
FY2021▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$325K
FY2021$380K
FY2022$214K
FY2023$435K
Net assets
$33K
FY2021▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$37K
FY2021$33K
FY2022$191K
FY2023$201K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in Nov 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $263K Management & general 31% · $116K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation
Accountant
$40,000Pt VII · Sec A
Administrative Assistan
$15,400Pt VII · Sec A
Executive Director
$13,000Pt VII · Sec A
$10,769Pt 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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

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Provided by the organization

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1 program · $263K · in their own filed words · FY2021
01

Child Development Center provided a safe loving and nurturing environment for scores of children to allow parents to work or seek gainful employment

$263Kprogram expense

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$376K
Ln 12
Fees for servicesLn 2g$281K
Gifts and grantsLn 1h$80K
Other incomeLn 4–11$14K
Money outPt IX
$380K
Ln 25
Programscol B$263K
Managementcol C$116K
Owns and owesPt X
$33K
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$133K
LiabilitiesLn 26$100K
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Government grantsLn 1e$52K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$281K
Other incomeLn 4–11$14K
Gains on assetsLn 7$0
Total revenueLn 12$376K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$0
Cash and savings togetherLn 1–2$64K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$133K
LiabilitiesLn 26$100K
Net assetsLn 32$33K
OperationsPt I, VI
EmployeesI 531
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2−$716$64K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$5K$0
Total assetsLn 16$84K$133K
LiabilitiesLn 26$47K$100K
Net assetsLn 32$37K$33K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$79K$0$79K$0
Pay of disqualified personsLn 6$143K$143K$0$0
Other salaries and wagesLn 7$7K$0$7K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$16K$11K$4K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$109K$109K$0$0
All other expensesLn 24e$26K$0$26K$0
Total functional expensesLn 25$380K$263K$116K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $444K$435K$9K$201K 990 PDF
FY2022 $372K$214K$158K$191K 990 PDF
FY2021 Viewing $376K$380K−$4K$33K 990 PDF
FY2020 $341K$325K$17K$37K 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
See the full FY2021 990 (6 parts)
Part I · Summary $375,728 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$80,101
I-9 Program service revenuePrior year $0$281,462
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$14,165
I-12 Total revenuePrior year $0$375,728
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$244,891
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$135,020
I-18 Total expensesPrior year $0$379,911
I-19 Revenue less expensesPrior year $0−$4,183
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $375,728 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$52,499
VIII-1f All other contributions, gifts and grants$27,602
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$80,101
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $281,462 · Unrelated business $0 · Excluded from tax $0$281,462
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,165 · Unrelated business $0 · Excluded from tax $0$14,165
VIII-12 Total revenueRelated to mission $295,627 · Unrelated business $0 · Excluded from tax $0$375,728
Part IX · Statement of functional expenses $379,911 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $79,169 · Fundraising $0$79,169
IX-6 Pay of disqualified personsPrograms $143,096 · Management $0 · Fundraising $0$143,096
IX-7 Other salaries and wagesPrograms $0 · Management $6,886 · Fundraising $0$6,886
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $11,244 · Management $4,496 · Fundraising $0$15,740
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $109,120 · Management $0 · Fundraising $0$109,120
IX-24e All other expensesPrograms $0 · Management $25,900 · Fundraising $0$25,900
IX-25 Total functional expensesPrograms $263,460 · Management $116,451 · Fundraising $0$379,911
Part X · Balance sheet $133,238 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year −$716$63,623
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $80,090$69,615
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $4,539$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $83,913$133,238
X-17 Accounts payable and accrued expensesStart of year $46,877$100,385
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $46,877$100,385
X-27 Net assets without donor restrictionsStart of year $37,036$32,853
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $37,036$32,853
X-33 Total liabilities and net assetsStart of year $83,913$133,238
Part XI · Reconciliation of net assets $32,853 net assets at year end
XI-1 Total revenue$375,728
XI-2 Total expenses$379,911
XI-3 Revenue less expenses−$4,183
XI-4 Net assets at start of year$37,036
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$32,853

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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