Southgate Properties: FY2021 Nonprofit Profile & Form 990 (EIN 38-3163460)

Revenue by fiscal year
FY2020	$2.3M
FY2021	$2.3M
FY2022	$2.5M
FY2023	$2.6M
FY2024	$2.7M
FY2024	$2.9M

Expenses by fiscal year
FY2020	$1.4M
FY2021	$1.4M
FY2022	$1.7M
FY2023	$1.9M
FY2024	$2.1M
FY2024	$2.4M

Net assets by fiscal year
FY2020	$11.9M
FY2021	$12.8M
FY2022	$13.6M
FY2023	$14.2M
FY2024	$14.9M
FY2024	$15.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1994.

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

Part of a larger organization · Schedule R

Southgate Properties files its own Form 990, but Schedule R discloses 3 related entities — figures on this page are for this EIN only, not the whole group.

The Guidance Center · The Guidance Center Systems INC · The Guidance Center · See Schedule R

Combined filings · FY2021 · 2 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 5% of group revenue.

Group revenue

$42.9M

Group expenses

$42.4M

Group net assets

$28.1M

The Guidance Center · $40.6M rev · $15.4M net assets

Where the money goes

90 cents of each dollar spent went to programs.

90%

Program services 90% · $1.3M Management & general 10% · $149K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Ronald Moran

Chairperson

$0Pt VII · Sec A

Jerry Griffith

Vice Chairperson

$0Pt VII · Sec A

Joe Hoshaw

Secretary

$0Pt VII · Sec A

John Harwood

Director

$0Pt VII · Sec A

Thomas Kuzmiak

Director

$0Pt VII · Sec A

Joan Hennessey

Director

$0Pt VII · Sec A

Kari D Walker

CEO/President

$0Pt VII · Sec A

Gary Guetschow

Chief Financial Officer

$0Pt VII · Sec A

See Southgate Properties 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

Offers buildings and maintenance to other tax-exempt groups.

Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020

01

Provides rental facilities to related tax-exempt organizations.

$1.3Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.3M

Ln 12

Fees for servicesLn 2g$2.2M

Investment incomeLn 3$5K

Money outPt IX

$1.4M

Ln 25

Programscol B$1.3M

Managementcol C$149K

Owns and owesPt X

$12.8M

net assets · Ln 32

Cash and savingsLn 1–2$2.3M

Total assetsLn 16$13.9M

LiabilitiesLn 26$1.2M

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$2.2M

Investment incomeLn 3$5K

Total revenueLn 12$2.3M

Assets in detailPt X, end of year

CashLn 1$351K

SavingsLn 2$2.0M

Cash and savings togetherLn 1–2$2.3M

Land, buildings, equipmentLn 10c$11.5M

Other assetsLn 15$7K

Total assetsLn 16$13.9M

LiabilitiesLn 26$1.2M

Net assetsLn 32$12.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$2.7M	$2.3M
Land, buildings, equipmentLn 10c	$12.0M	$11.5M
Total assetsLn 16	$14.8M	$13.9M
LiabilitiesLn 26	$2.9M	$1.2M
Net assetsLn 32	$11.9M	$12.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$207K	$187K	$20K
Pension plan contributionsLn 8	$13K	$12K	$1K
Other employee benefitsLn 9	$42K	$38K	$4K
Payroll taxesLn 10	$15K	$13K	$1K
Accounting feesLn 11c	$16K		$16K
Other fees for servicesLn 11g	$12K		$12K
Office expensesLn 13	$4K		$4K
OccupancyLn 16	$454K	$384K	$70K
InterestLn 20	$74K	$74K
Depreciation, depletion and amortizationLn 22	$572K	$572K
InsuranceLn 23	$4K		$4K
Other expenses (24a–d)Ln 24	$16K		$16K
Total functional expensesLn 25	$1.4M	$1.3M	$149K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$2.7M	$2.1M	$634K	$14.9M	990 PDF
FY2023	$2.6M	$1.9M	$668K	$14.2M	990 PDF
FY2022	$2.5M	$1.7M	$798K	$13.6M	990 PDF
FY2021 Viewing	$2.3M	$1.4M	$825K	$12.8M	990 PDF
FY2020	$2.3M	$1.4M	$846K	$11.9M	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 (4 parts)

Part VIII · Statement of revenue $2,254,169 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,116,185 · Unrelated business $133,446$2,249,631

VIII-3 Investment incomeExcluded from tax $4,538$4,538

VIII-12 Total revenueRelated to mission $2,116,185 · Unrelated business $133,446 · Excluded from tax $4,538$2,254,169

Part IX · Statement of functional expenses $1,428,715 across 12 lines filed

IX-7 Other salaries and wagesPrograms $187,028 · Management $19,712$206,740

IX-8 Pension plan contributionsPrograms $11,648 · Management $1,277$12,925

IX-9 Other employee benefitsPrograms $37,894 · Management $4,154$42,048

IX-10 Payroll taxesPrograms $13,388 · Management $1,468$14,856

IX-11c Accounting feesManagement $15,600$15,600

IX-11g Other fees for servicesManagement $12,400$12,400

IX-13 Office expensesManagement $3,585$3,585

IX-16 OccupancyPrograms $384,157 · Management $70,216$454,373

IX-20 InterestPrograms $73,891$73,891

IX-22 Depreciation, depletion and amortizationPrograms $571,900$571,900

IX-23 InsuranceManagement $4,384$4,384

IX-24 Other expenses (24a–d)Management $16,013$16,013

IX-25 Total functional expensesPrograms $1,279,906 · Management $148,809 · Fundraising $0$1,428,715

Part X · Balance sheet $13,912,546 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $39,207$350,837

X-2 Savings and temporary cash investmentsStart of year $2,681,451$1,990,252

X-4 Accounts receivableStart of year $30,000$7,122

X-9 Prepaid expenses and deferred chargesStart of year $74,385$81,641

X-10c Land, buildings and equipment, netStart of year $11,986,527$11,475,926

X-15 Other assetsStart of year $0$6,768

X-16 Total assetsStart of year $14,811,570$13,912,546

X-17 Accounts payable and accrued expensesStart of year $59,194$62,579

X-20 Tax-exempt bond liabilitiesStart of year $1,513,438$1,028,617

X-25 Other liabilitiesStart of year $61,206$61,206

X-26 Total liabilitiesStart of year $2,876,880$1,152,402

X-27 Net assets without donor restrictionsStart of year $11,934,690$12,760,144

X-32 Total net assets or fund balancesStart of year $11,934,690$12,760,144

X-33 Total liabilities and net assetsStart of year $14,811,570$13,912,546

Part XI · Reconciliation of net assets $12,760,144 net assets at year end

XI-1 Total revenue$2,254,169

XI-2 Total expenses$1,428,715

XI-3 Revenue less expenses$825,454

XI-4 Net assets at start of year$11,934,690

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$12,760,144

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

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Southgate Properties FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

By the numbers

Filing history

Schedules filed Part IV

Southgate Properties FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Related Organizations

By the numbers

Filing history

Schedules filed Part IV