Gctra INC FY2020 filing

Not tax-deductible

Union, KY501(c)(6)EIN 31-1436561

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To provide co-op purchasing in order to access suppliers not available to individual members and the sharing of information and advancing common interests of the tool rental business.

9¢ of each $1 spent went to programs.
$26K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $8K a year · 19% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$26K
to officers and key staff · 76% of spending
Concern: pay to officers and key staff is 76% of spending; over 30%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
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
$42K
Spent
$34K
To programs
9%
Net assets
$40K
By yearFY2020–FY2025
Revenue
$42K
FY2020
Revenue by fiscal year
FY2020$42K
FY2021$52K
FY2022$35K
FY2023$41K
FY2024$39K
FY2025$43K
Expenses
$34K
FY2020
Expenses by fiscal year
FY2020$34K
FY2021$36K
FY2022$41K
FY2023$34K
FY2024$31K
FY2025$29K
Net assets
$40K
FY2020
Net assets by fiscal year
FY2020$40K
FY2021$56K
FY2022$50K
FY2023$56K
FY2024$65K
FY2025$78K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1996.

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

Where the money goes

9 cents of each dollar spent went to programs.

Program services 9% · $3K Management & general 91% · $31K

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

6 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation
Office Manag
$26,367Pt VII · Sec A
President
$0Pt VII · Sec A
Financial Ad
$0Pt VII · Sec A
Secreatary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Dave Leese$24,178$26,367

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.

See Gctra INC executive salaries →

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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

Connects tool rental businesses for bulk purchasing and shared industry knowledge.

Provided by the organization

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2 programs · in their own filed words · FY2020
01

Co-op purchasing in order to access suppliers not available to individual members

Pt IX · col B
02

Sharing of information and advancing common interests of the tool rental business

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$42K
Ln 12
Other incomeLn 4–11$26K
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$7K
Money outPt IX
$34K
Ln 25
Programscol B$3K
Managementcol C$31K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$67K
LiabilitiesLn 26$27K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$7K
Other incomeLn 4–11$26K
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$54K
Total assetsLn 16$67K
LiabilitiesLn 26$27K
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$67K$54K
Total assetsLn 16$120K$67K
LiabilitiesLn 26$87K$27K
Net assetsLn 32$33K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$120$120
Accounting feesLn 11c$600$600
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$2K$2K
Other expenses (24a–d)Ln 24$30K$3K$27K
All other expensesLn 24e$220$220
Total functional expensesLn 25$34K$3K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $43K$29K$15K$78K 990 PDF
FY2024 $39K$31K$9K$65K 990 PDF
FY2023 $41K$34K$7K$56K 990 PDF
FY2022 $35K$41K−$7K$50K 990 PDF
FY2021 $52K$36K$16K$56K 990 PDF
FY2020 Viewing $42K$34K$7K$40K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $41,857 across 6 lines filed
Lines not itemized here account for $24,412 of total revenue; see the IRS return.
VIII-1b Membership dues$8,091
VIII-1f All other contributions, gifts and grants$270
VIII-1h Total contributions, gifts and grants$8,361
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,015$7,015
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,069$2,069
VIII-12 Total revenueRelated to mission $33,496$41,857
Part IX · Statement of functional expenses $34,469 across 6 lines filed
IX-11b Legal feesManagement $120$120
IX-11c Accounting feesManagement $600$600
IX-11g Other fees for servicesManagement $1,000$1,000
IX-13 Office expensesManagement $2,130$2,130
IX-24 Other expenses (24a–d)Programs $3,119 · Management $27,280$30,399
IX-24e All other expensesManagement $220$220
IX-25 Total functional expensesPrograms $3,119 · Management $31,350 · Fundraising $0$34,469
Part X · Balance sheet $66,920 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $59,012$48,730
X-2 Savings and temporary cash investmentsStart of year $8,256$5,273
X-4 Accounts receivableStart of year $53,166$12,917
X-16 Total assetsStart of year $120,434$66,920
X-17 Accounts payable and accrued expensesStart of year $87,458$26,556
X-26 Total liabilitiesStart of year $87,458$26,556
X-32 Total net assets or fund balancesStart of year $32,976$40,364
X-33 Total liabilities and net assetsStart of year $120,434$66,920
Part XI · Reconciliation of net assets $40,364 net assets at year end
XI-1 Total revenue$41,857
XI-2 Total expenses$34,469
XI-3 Revenue less expenses$7,388
XI-4 Net assets at start of year$32,976
XI-10 Net assets at end of year$40,364

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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