Civic Intelligence

Lifelong Learning Institute in Chesterfield County Virginia Inc.

990 • Fiscal year 2016 • EIN 06-1756183

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 15, 2016

Organization ProfileWWW.LLICHESTERFIELD.ORG
PO Box 1090Midlothian, VA 23113

(804) 378-2527

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.27x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

0.43x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

41st percentile

-0.1%

Higher net margin than 41% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

97th percentile

$83,211

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 41.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

53rd percentile

3.5%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-25%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$317,379

Up $10,640 (+3.5%) from 2015

Net Assets

Down

$230,347

Down $5,285 (-2.2%) from 2015

Liabilities

Up

$87,032

Up $15,925 (+22%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin41st percentile

Revenue

Down

$202,894

Down $69,251 (-25%) from 2015

Expenses

Up

$203,042

Up $27,022 (+15%) from 2015

Net Income

Down

-$148

Down $96,273 (-100%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $155,462Liabilities 2011: $47,3852011Assets 2012: $185,960Liabilities 2012: $63,401Net Assets 2012: $122,5592012Assets 2013: $194,413Liabilities 2013: $55,354Net Assets 2013: $139,0592013Assets 2014: $204,256Liabilities 2014: $63,557Net Assets 2014: $140,6992014Assets 2015: $306,739Liabilities 2015: $71,107Net Assets 2015: $235,6322015Assets 2016: $317,379Liabilities 2016: $87,032Net Assets 2016: $230,3472016Assets 2017: $372,925Liabilities 2017: $93,599Net Assets 2017: $279,3262017Assets 2018: $442,165Liabilities 2018: $106,818Net Assets 2018: $335,3472018Assets 2019: $523,196Liabilities 2019: $121,439Net Assets 2019: $401,7572019Assets 2020: $660,039Liabilities 2020: $133,710Net Assets 2020: $526,3292020Assets 2021: $655,248Liabilities 2021: $85,810Net Assets 2021: $569,4382021Assets 2022: $676,739Liabilities 2022: $111,425Net Assets 2022: $565,3142022Assets 2023: $2,117,980Liabilities 2023: $129,715Net Assets 2023: $1,988,2652023Assets 2024: $2,015,519Liabilities 2024: $149,977Net Assets 2024: $1,865,5422024Assets 2025: $1,919,183Liabilities 2025: $140,137Net Assets 2025: $1,779,0462025

Highlighted filing

2016

Assets$317,379
Liabilities$87,032
Net Assets$230,347
Open 2016 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $133,662Expenses 2011: $122,366Net Income 2011: $11,2962011Revenue 2012: $142,657Expenses 2012: $128,174Net Income 2012: $14,4832012Revenue 2013: $143,150Expenses 2013: $131,540Net Income 2013: $11,6102013Revenue 2014: $159,716Expenses 2014: $167,325Net Income 2014: -$7,6092014Revenue 2015: $272,145Expenses 2015: $176,020Net Income 2015: $96,1252015Revenue 2016: $202,894Expenses 2016: $203,042Net Income 2016: -$1482016Revenue 2017: $236,118Expenses 2017: $198,859Net Income 2017: $37,2592017Revenue 2018: $283,507Expenses 2018: $225,656Net Income 2018: $57,8512018Revenue 2019: $348,028Expenses 2019: $288,974Net Income 2019: $59,0542019Revenue 2020: $376,515Expenses 2020: $231,689Net Income 2020: $144,8262020Revenue 2021: $252,573Expenses 2021: $225,997Net Income 2021: $26,5762021Revenue 2022: $283,506Expenses 2022: $273,363Net Income 2022: $10,1432022Revenue 2023: -$30,985Expenses 2023: $321,181Net Income 2023: -$352,1662023Revenue 2024: $412,687Expenses 2024: $396,646Net Income 2024: $16,0412024Revenue 2025: $503,904Expenses 2025: $453,304Net Income 2025: $50,6002025

Highlighted filing

2016

Revenue$202,894
Expenses$203,042
Net Income-$148
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 15, 2016
Return Version
2015v3.0
Gross Receipts
$202,894
Mission and Program Overview

Mission

Provide a curriculum of intellectually stimulating learning opportunities and special activities for persons fifty (50) years of age or older

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$211,511$151,804▼ $59,707
Land, Buildings, and Equipment, Net$9,838$94,382▲ $84,544
Cash and Non-Interest-Bearing Accounts$59,495$45,285▼ $14,210
Savings and Temporary Cash Investments$25,895$25,908▲ $13
Total Assets$306,739$317,379▲ $10,640
Liabilities
Deferred Revenue$46,910$54,001▲ $7,091
Accounts Payable and Accrued Expenses$24,197$33,031▲ $8,834
Total Liabilities$71,107$87,032▲ $15,925
Net Assets / Fund Balance
Unrestricted Net Assets$235,632$230,347▼ $5,285
Total Net Assets Fund Balance$235,632$230,347▼ $5,285
Total Liabilities and Net Assets / Fund Balance$306,739$317,379▲ $10,640

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,084$650$50,734
Equipment$9,043$28,451$37,494
Land$35,255-$35,255

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$211,511-▲ $293$60,000$151,804
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rachel RamirezExecutive DiFT$83,211$83,211

Board Members and Trustees

NameTitle
John LemzaPresident
Adrienne ByrneDirector
Annebel LewisDirector
Bob FergusonDirector
Christine DiggsDirector
Christopher MccarthyDirector
Debbie LeidheiserDirector
Ed AnselloDirector
James Davidson JrDirector
Judy SweetDirector
Lillie StrattonDirector
Rev Pernell JohnsonDirector
Tim BullisDirector
Denis GreaneyEmeritus
Steve KunnmannSecretary
Harry RastTreasuer
Wayne PhillipsVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$44,439
Program Service Revenue
$148,100
Investment Income
$5,463
Other Revenue
$4,892
All Other Contributions
$34,439
Change in Net Assets
$-148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,831
Salaries, Compensation, and Employee Benefits$83,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$49,927$33,284-$83,211
Fees for Services Other$21,483$16,277-$37,760
Travel$28,268--$28,268
Fees for Services Accounting-$9,743-$9,743
Office Expenses$8,395--$8,395
Depreciation Depletion$3,851--$3,851
Insurance$1,173--$1,173
Occupancy$1,119--$1,119
Other Expenses$998--$998
Information Technology$168--$168
Fees for Services Legal-$27-$27
Total Functional Expenses$143,711$59,331$0$203,042
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is reviewed at the annual meeting when new board members are voted in and required to sign the form.”

Form 990, Page 6, Part VI, Line 15A

“The salary of hte executive director is discussed by the governing body, the board of directors and reviewed by the vcu virginia center on aging department of hr, who administer the salary and benefits. The executive director's salary must fall in line with the salaries of personnel in similar roles within the university.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Lifelong Learning Institute in
EIN
06-1756183
Phone
8043782527
Address
PO BOX 1090, MIDLOTHIAN, VA 23113

Signing Officer

Name
Rachel Ramirez
Title
Executive Director
Phone
8043782527
Signed
2016-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Ramirez
Formed
2005
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
459

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
George G Crowell CPA
Phone
8045600560
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract labor 21,483 16,277 0”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The endowment fund's primary objective is to ensure continuous operation of the institute even when normal sources of funding are interrupted or canceled. Under emergency conditions, the board of directors could authorize the use the endowment fund to avoid a financial collapse of the institute. A second objective of the endowment fund is to generate income that would be used to (1) increase the emergency portion of the endowment fund as necessary and (2) provide revenue for necessary, but unfunded, requirements for the institute. This could take the form of scholarship awards, staffing requirements, equipment purchases or other critical needs as approved by the board of directors.”

Schedule D, Page 3, Part X

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the institute may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the institute and various positions related to the potential sources of unrelated business taxable income (ubti). The institute has recognized no uncertain tax positions for the year ended june 30, 2016. The institute is generally no longer subject to examination by the internal revenue service for years prior to 2013.”

Raw XML AppendixShowing 400 of 468 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0168
IRS990/InformationTechnologyGrp/TotalAmt0168
IRS990/InsuranceGrp/ProgramServicesAmt01173
IRS990/InsuranceGrp/TotalAmt01173
IRS990/InvestmentIncomeGrp/ExclusionAmt05463
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05463
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0211511
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0151804
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029101
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09838
IRS990/LandBldgEquipBasisNetGrp/EOYAmt094382
IRS990/LandBldgEquipCostOrOtherBssAmt0123483
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE A CURRICULUM OF INTELLECTUALLY STIMULATING LEARNING OPPORTUNITIES AND SPECIAL ACTIVITIES FOR PERSONS FIFTY (50) YEARS OF AGE OR OLDER
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0235632
IRS990/NetAssetsOrFundBalancesEOYAmt0230347
IRS990/NetUnrlzdGainsLossesInvstAmt0-5137
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01119
IRS990/OccupancyGrp/TotalAmt01119
IRS990/OfficeExpensesGrp/ProgramServicesAmt08395
IRS990/OfficeExpensesGrp/TotalAmt08395
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CLASSROOM EXP (FITNESS, M
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BANK SERVICE CHARGE PAY P
IRS990/OtherExpensesGrp/ProgramServicesAmt024184
IRS990/OtherExpensesGrp/ProgramServicesAmt14145
IRS990/OtherExpensesGrp/ProgramServicesAmt2998
IRS990/OtherExpensesGrp/TotalAmt024184
IRS990/OtherExpensesGrp/TotalAmt14145
IRS990/OtherExpensesGrp/TotalAmt2998
IRS990/OtherRevenueMiscGrp/Desc0FUNDRAISER
IRS990/OtherRevenueMiscGrp/Desc1CREDITS ON RETURNS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02455
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12437
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02455
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12437
IRS990/OtherRevenueTotalAmt04892
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RACHEL RAMIREZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LLI MEMBERSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1TRIPS FOR MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc2CLASSROOM MATERIALS/BOOKS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0105736
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt130627
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211737
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0105736
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211737
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0136060
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06747
IRS990/PYOtherExpensesAmt092714
IRS990/PYOtherRevenueAmt0769
IRS990/PYProgramServiceRevenueAmt0128569
IRS990/PYRevenuesLessExpensesAmt096125
IRS990/PYSalariesCompEmpBnftPaidAmt083306
IRS990/PYTotalExpensesAmt0176020
IRS990/PYTotalRevenueAmt0272145
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-148
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0148100
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025895
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt044439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0136060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt036456
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt040876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt036846
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0294677
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06747
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07596
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01825
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt076
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021707
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0152992
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63930
IRS990ScheduleA/PublicSupportPY170Pct00.63200
IRS990ScheduleA/PublicSupportTotal170Amt0202267
IRS990ScheduleA/SubstantialContributorsTotAmt092410
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt044439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0136060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt036456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt040876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt036846
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0294677
IRS990ScheduleA/TotalSupportAmt0316384
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt050084
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0650
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt050734
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0211511
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0151804
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0293
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt060000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt09043
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028451
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037494
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt035255
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt035255
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUND'S PRIMARY OBJECTIVE IS TO ENSURE CONTINUOUS OPERATION OF THE INSTITUTE EVEN WHEN NORMAL SOURCES OF FUNDING ARE INTERRUPTED OR CANCELED. UNDER EMERGENCY CONDITIONS, THE BOARD OF DIRECTORS COULD AUTHORIZE THE USE THE ENDOWMENT FUND TO AVOID A FINANCIAL COLLAPSE OF THE INSTITUTE. A SECOND OBJECTIVE OF THE ENDOWMENT FUND IS TO GENERATE INCOME THAT WOULD BE USED TO (1) INCREASE THE EMERGENCY PORTION OF THE ENDOWMENT FUND AS NECESSARY AND (2) PROVIDE REVENUE FOR NECESSARY, BUT UNFUNDED, REQUIREMENTS FOR THE INSTITUTE. THIS COULD TAKE THE FORM OF SCHOLARSHIP AWARDS, STAFFING REQUIREMENTS, EQUIPMENT PURCHASES OR OTHER CRITICAL NEEDS AS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE INSTITUTE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE INSTITUTE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE INSTITUTE HAS RECOGNIZED NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2016. THE INSTITUTE IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt094382
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED AT THE ANNUAL MEETING WHEN NEW BOARD MEMBERS ARE VOTED IN AND REQUIRED TO SIGN THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARY OF HTE EXECUTIVE DIRECTOR IS DISCUSSED BY THE GOVERNING BODY, THE BOARD OF DIRECTORS AND REVIEWED BY THE VCU VIRGINIA CENTER ON AGING DEPARTMENT OF HR, WHO ADMINISTER THE SALARY AND BENEFITS. THE EXECUTIVE DIRECTOR'S SALARY MUST FALL IN LINE WITH THE SALARIES OF PERSONNEL IN SIMILAR ROLES WITHIN THE UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR 21,483 16,277 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0306739
IRS990/TotalAssetsEOYAmt0317379
IRS990/TotalAssetsGrp/BOYAmt0306739
IRS990/TotalAssetsGrp/EOYAmt0317379

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$317,379
Liabilities
$87,032
Net assets
$230,347
Revenue
$202,894
Expenses
$203,042
Net income
-$148
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.14$1.78$0.50$0.45$0.05
2024Detailed filing. Detailed filing data is available for this year.$2.02$0.15$1.87$0.41$0.40$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.12$0.13$1.99$0.03$0.32$0.35
2022Detailed filing. Detailed filing data is available for this year.$0.68$0.11$0.57$0.28$0.27$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.09$0.57$0.25$0.23$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.13$0.53$0.38$0.23$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.12$0.40$0.35$0.29$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.11$0.34$0.28$0.23$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.09$0.28$0.24$0.20$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.32$0.09$0.23$0.20$0.20$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.07$0.24$0.27$0.18$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.06$0.14$0.16$0.17$0.01
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.19$0.06$0.14$0.14$0.13$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.06$0.12$0.14$0.13$0.01
2011Summary only. Only limited summary data is available for this year.$0.16$0.05$0.13$0.12$0.01