2012-08-10T14:59:02-05:00 2011-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2011-01-01 260706165 GATE CITY COMPANY GATE 3363799100 330 SOUTH GREENE STREET NO 100 GREENSBORO NC 274012659 H WALKER SANDERS 3363799100 2012-08-10 1 RHONDA F SKILES P00174702 3362944494 2012-08-10 2011 2016-02-24 21:20:13Z YOLANDA LEACRAFT 330 SOUTH GREENE STREET NO 100 GREENSBORO NC 274012659 35349 0 X N/A X 2007 NC THE ORGANIZATION IS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO. 13 13 0 13 0 0 0 8716 0 0 0 2052 7604 24581 7604 35349 108459 92836 0 0 6563 2688 0 0 0 59955 12758 174977 108282 -167373 -72933 984751 663821 848186 600189 136565 63632 X THE PRIMARY EXEMPT PURPOSE OF THE GATE CITY COMPANY IS TO SERVE EXCLUSIVELY AS A SUPPORTING ORGANIZATION FOR THE BENEFIT OF THE COMMUNITY FOUNDATION OF GREATER GREENSBORO, INC. BY CARRYING OUT PURPOSES WHICH ARE CONSISTENT WITH AND WHICH SUPPORT THE PURPOSES OF THE COMMUNITY FOUNDATION. A PRIMARY FOCUS OF GATE CITY COMPANY, INC. IS TO PARTICIPATE IN THE CREATION OF HOUSING FOR LOWER INCOME INDIVIDUALS AND FAMILIES, WORK TO RESTORE DETERIORATED NEIGHBORHOODS AND INVEST IN LAND AND BUILDINGS WHICH ARE INTEGRAL TO THE REVITALIZATION EFFORTS OF THE COMMUNITY. 0 0 103272 92836 24581 INCREASING THE AVAILABILITY OF AFFORDABLE HOUSING FOR LOWER INCOME INDIVIDUALS AND FAMILIES AND PARTICIPATING IN THE REVITALIZATION OF DETERIORATED NEIGHBORHOODS IN GREENSBORO, NORTH CAROLINA, AND ITS SURROUNDING AREA. 103272 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X JACQUELINE O'CONNELL 3363799100 330 SOUTH GREENE STREET NO 100 GREENSBORO NC 274012659 X YOLANDA LEACRAFT 1.00 X X 0 0 0 C C LAMBERTH 1.00 X X 0 0 0 PAUL G GILMER SR 1.00 X X 0 0 0 HENRY V CUNNINGHAM JR 0.50 X X 0 0 0 NETTIE L COAD 1.00 X 0 0 0 KEN MILLER 1.00 X 0 0 0 SUSAN SCHWARTZ 1.00 X 0 0 0 ROY E CARROLL II 1.00 X 0 0 0 EUNICE M DUDLEY 1.00 X 0 0 0 JAMES HOFFMAN 1.00 X 0 0 0 M JAN MALONE 1.00 X 0 0 0 DR BEN UWAKWEH 1.00 X 0 0 0 ELAINE OSTROWSKI 1.00 X 0 0 0 0 0 0 0 0 0 0 0 8716 8716 2052 2052 OTHER INCOME 900099 24581 24581 24581 35349 24581 0 2052 92836 92836 2102 1098 1004 586 306 280 2030 934 1096 830 830 569 569 329 329 CONTRACT LABOR 9000 7200 1800 108282 103272 5010 0 336129 69830 89222 34591 559400 559400 984751 663821 6229 1600 42396 17815 559561 559561 240000 21213 848186 600189 X 136565 63632 136565 63632 984751 663821 -72933 0 X 0 1 1 X 0 X X X X 0 0 0 COMMUNITY FOUNDATION OF GREATER GREENSBORO INC 561380249 7 1 1 1 90000 1 90000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 HOUSES-COMMUNITY IMP PROG 559400 C 559400 DUE TO COMMUNITY FOUNDATION OF GREATER GREENSBORO 21213 21213 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: GATE CITY COMPANY IS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, INC. AND IS INCLUDED IN THE COMBINED FINANCIAL STATEMENTS OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, INC. IT IS THE COMMUNITY FOUNDATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND THE IMPACT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE COMBINED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED DURING 2011 AND 2010. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING 2008; HOWEVER, NO EXAMINATIONS ARE IN PROGRESS OR ANTICIPATED. 1 COMMUNITY FOUNDATION OF GREATER GREENSBORO 330 SOUTH GREENE STREET SUITE 100 GREENSBORO NC 27401 561380249 501(C)(3) 90000 PROGRAM SUPPORT 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS WERE MADE TO COMMUNITY FOUNDATION OF GREATER GREENSBORO, OF WHICH THE FILING ORGANIZATION IS A SUPPORTING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE COMMUNITY FOUNDATION OF GREATER GREENSBORO BOARD OF DIRECTORS APPOINTS ALL MEMBERS OF THE GATE CITY COMPANY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, COMPRISED OF ACCOUNTING AND FINANCIAL PROFESSIONALS, WILL REVIEW A DRAFT 990 AND WILL REPORT ANY CONCERNS TO GATE CITY COMPANY'S BOARD. ALL BOARD MEMBERS WILL BE PROVIDED WITH A DRAFT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS ACKNOWLEDGE, IN WRITING, THEIR ADHERENCE TO THE CONFLICT OF INTERST POLICY. EACH INDIVIDUAL LISTS SIGNIFICANT CIVIC, FINANCIAL AND BUSINESS RELATIONSHIPS FOR THEMSELVES AND SPOUSE. THE LIST IS SUMMARIZED, REVIEWED, AND DISCUSSED AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE IN OFFICE AND ON COMMUNITY FOUNDATION OF GREATER GREENSBORO'S WEBSITE. COMMUNITY FOUNDATION OF GREATER GREENSBORO 330 S GREENE STREET SUITE 100 GREENSBORO NC 27401 561380249 EXEMPT NC 501(C)(3) LINE 7 N/A 0 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 COMMUNITY FOUNDATION OF GREATER GREENSBORO B 90000 CASH PAID COMMUNITY FOUNDATION OF GREATER GREENSBORO E 218787 CASH REPAYMENT OF LOAN