Civic Intelligence

Center for Applied Research & Technology Inc.

990 • Fiscal year 2021 • EIN 20-0173258

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 12, 2021

Organization ProfileWWW.CARTINC.COM

View Organization Page

143 Cascade CirclePrinceton, WV 24740

(276) 970-1344

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

90th percentile

59%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$67,284

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

88th percentile

59%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

63%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$1,008,253

Up $375,775 (+59%) from 2020

Net Assets

Up

$1,005,073

Up $410,300 (+69%) from 2020

Liabilities

Down

$3,180

Down $34,525 (-92%) from 2020

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin90th percentile

Revenue

Up

$694,516

Up $268,915 (+63%) from 2020

Expenses

Up

$284,216

Up $9,145 (+3.3%) from 2020

Net Income

Up

$410,300

Up $259,770 (+173%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $147,411Liabilities 2011: $3,1952011Assets 2012: $197,357Liabilities 2012: $2,296Net Assets 2012: $195,0612012Assets 2013: $233,735Liabilities 2013: $4,611Net Assets 2013: $229,1242013Assets 2014: $80,490Liabilities 2014: $4,5502014Assets 2015: $97,908Liabilities 2015: $4,273Net Assets 2015: $93,6352015Assets 2016: $67,378Liabilities 2016: $4,7322016Assets 2017: $57,216Liabilities 2017: $104,4712017Assets 2018: $336,260Liabilities 2018: $4,749Net Assets 2018: $331,5112018Assets 2019: $449,491Liabilities 2019: $5,248Net Assets 2019: $444,2432019Assets 2020: $632,478Liabilities 2020: $37,705Net Assets 2020: $594,7732020Assets 2021: $1,008,253Liabilities 2021: $3,180Net Assets 2021: $1,005,0732021Assets 2022: $1,290,725Liabilities 2022: $2,291Net Assets 2022: $1,288,4342022Assets 2023: $1,791,145Liabilities 2023: $8,512Net Assets 2023: $1,782,6332023Assets 2025: $2,713,463Liabilities 2025: $2,424Net Assets 2025: $2,711,0392025

Highlighted filing

2021

Assets$1,008,253
Liabilities$3,180
Net Assets$1,005,073
Open 2021 Filing

Operations Trend

Revenue Growth80th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $196,838Expenses 2011: $170,837Net Income 2011: $26,0012011Revenue 2012: $244,367Expenses 2012: $193,522Net Income 2012: $50,8452012Revenue 2013: $221,680Expenses 2013: $187,617Net Income 2013: $34,0632013Revenue 2014: $26,920Expenses 2014: $180,104Net Income 2014: -$153,1842014Revenue 2015: $214,640Expenses 2015: $196,945Net Income 2015: $17,6952015Revenue 2016: $161,743Expenses 2016: $192,732Net Income 2016: -$30,9892016Revenue 2017: $88,830Expenses 2017: $198,731Net Income 2017: -$109,9012017Revenue 2018: $589,595Expenses 2018: $210,829Net Income 2018: $378,7662018Revenue 2019: $388,755Expenses 2019: $276,023Net Income 2019: $112,7322019Revenue 2020: $425,601Expenses 2020: $275,071Net Income 2020: $150,5302020Revenue 2021: $694,516Expenses 2021: $284,216Net Income 2021: $410,3002021Revenue 2022: $612,223Expenses 2022: $328,862Net Income 2022: $283,3612022Revenue 2023: $956,570Expenses 2023: $462,371Net Income 2023: $494,1992023Revenue 2025: $1,230,760Expenses 2025: $514,307Net Income 2025: $716,4532025

Highlighted filing

2021

Revenue$694,516
Expenses$284,216
Net Income$410,300
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$694,516
Mission and Program Overview

Mission

The mission of this entity is to provide efficient and effective contracting along with grant and research contract administration services for the bluefield state college school of engineering technology. This entity conducts focused programs of innovative research and technical assistance to promote economic development of the region.

The mission of the center for applied research and technology, inc. (cart) is to produce outstanding applied research and self-sufficient financial returns by conducting successful technology development programs for industrial sponsors and federal, state and local government agencies and translating science, technology, art and mathematics (stem) into marketable products, processes, systems and services for its sponsors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$353,147$653,751▲ $300,604
Land, Buildings, and Equipment, Net$162,555$206,972▲ $44,417
Accounts Receivable$101,500$100,578▼ $922
Cash and Non-Interest-Bearing Accounts$15,276$46,952▲ $31,676
Total Assets$632,478$1,008,253▲ $375,775
Liabilities
Unsecured Notes Loans Payable$33,600--
Accounts Payable and Accrued Expenses$4,105$3,180▼ $925
Total Liabilities$37,705$3,180▼ $34,525
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$594,773$1,005,073▲ $410,300
Total Net Assets Fund Balance$594,773$1,005,073▲ $410,300
Total Liabilities and Net Assets / Fund Balance$632,478$1,008,253▲ $375,775

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$206,972$127,774$334,746
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce V MutterPresidentFT$67,284-$67,284
Heather N WilliamsTreas/secFT$37,260$10,079$47,339

Board Members and Trustees

NameTitle
Frank HartDirector
Frank JenkinsDirector
Glen CiboroskiDirector
Shannon BowlingDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$421,988
Program Service Revenue
$271,632
Investment Income
$896
Other Revenue
$0
All Other Contributions
$274,250
Change in Net Assets
$410,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$159,542
Other Expenses$124,174
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,430$16,831-$140,261
Depreciation Depletion$58,418--$58,418
Payroll Taxes$9,442$1,288-$10,730
Other Employee Benefits$7,525$1,026-$8,551
All Other Expenses$7,556$352-$7,908
Travel$5,440--$5,440
Other Expenses$3,850$1,945-$3,850
Office Expenses$3,073$542-$3,615
Insurance$1,271$141-$1,412
Fees for Services Accounting$574$101-$675
Grants to Domestic Orgs$500--$500
Total Functional Expenses$261,990$22,226$0$284,216
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
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
Yes
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

“The form 990 is reviewed by the president and treasurer and discussed with the board of directors.”

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

“Contracts are reviewed by the president and discussed with the board of directors.”

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

“President's compensation is reviewed by the board of directors.”

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

“Compensation for other employees is reviewed by the president and discussed with the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, financial statements, etc are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Center for Applied Research &
EIN
20-0173258
Phone
2769701344
Address
143 CASCADE CIRCLE, PRINCETON, WV 24740

Signing Officer

Name
Bruce V Mutter
Title
President
Phone
2769701344
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce V Mutter
Formed
2003
Legal Domicile
Wv
Voting Board Members
6
Independent Board Members
6
Employees
4

Preparer

Firm
Mary Louise Fensom CPA
Address
P O BOX 237, PRINCETON, WV 24740-0237
Preparer
Mary L Fensom
Phone
3043203835
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the center for applied research and technology, inc. (cart) is to produce outstanding applied research and self-sufficient financial returns by conducting successful technology development programs for industrial sponsors and federal, state and local government agencies and translating science, technology, art and mathematics (stem) into marketable products, processes, systems and services for its sponsors.”

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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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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99800
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt0858709
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0148238
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0274795
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0284101
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0124971
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026604
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0858709
IRS990ScheduleA/TotalSupportAmt0860467
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/EquipmentGrp/BookValueAmt0206972
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127774
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0334746
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0206972
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE CENTER FOR APPLIED RESEARCH AND TECHNOLOGY, INC. (CART) IS TO PRODUCE OUTSTANDING APPLIED RESEARCH AND SELF-SUFFICIENT FINANCIAL RETURNS BY CONDUCTING SUCCESSFUL TECHNOLOGY DEVELOPMENT PROGRAMS FOR INDUSTRIAL SPONSORS AND FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES AND TRANSLATING SCIENCE, TECHNOLOGY, ART AND MATHEMATICS (STEM) INTO MARKETABLE PRODUCTS, PROCESSES, SYSTEMS AND SERVICES FOR ITS SPONSORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER AND DISCUSSED WITH THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACTS ARE REVIEWED BY THE PRESIDENT AND DISCUSSED WITH THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRESIDENT'S COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR OTHER EMPLOYEES IS REVIEWED BY THE PRESIDENT AND DISCUSSED WITH THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, ETC ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0632478
IRS990/TotalAssetsEOYAmt01008253
IRS990/TotalAssetsGrp/BOYAmt0632478
IRS990/TotalAssetsGrp/EOYAmt01008253
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0421988
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022226
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0261990
IRS990/TotalFunctionalExpensesGrp/TotalAmt0284216
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037705
IRS990/TotalLiabilitiesEOYAmt03180
IRS990/TotalLiabilitiesGrp/BOYAmt037705
IRS990/TotalLiabilitiesGrp/EOYAmt03180
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0594773
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01005073
IRS990/TotalOtherCompensationAmt010079
IRS990/TotalProgramServiceExpensesAmt0261990
IRS990/TotalProgramServiceRevenueAmt0271632
IRS990/TotalReportableCompFromOrgAmt0104544
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0272528
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0694516
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0632478
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01008253
IRS990/TravelGrp/ProgramServicesAmt05440
IRS990/TravelGrp/TotalAmt05440
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt033600
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0143 CASCADE CIRCLE
IRS990/USAddress/CityNm0PRINCETON
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd024740
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.CARTINC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE V MUTTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02769701344
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTER FOR APPLIED RESEARCH &
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TECHNOLOGY INC
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0200173258
ReturnHeader/Filer/PhoneNum02769701344
ReturnHeader/Filer/USAddress/AddressLine1Txt0143 CASCADE CIRCLE
ReturnHeader/Filer/USAddress/CityNm0PRINCETON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd024740
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0820878931
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARY LOUISE FENSOM CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 237
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PRINCETON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0247400237
ReturnHeader/PreparerPersonGrp/PhoneNum03043203835
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY L FENSOM
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-12T17:20:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRUCE V
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MUTTER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,008,253
Liabilities
$3,180
Net assets
$1,005,073
Revenue
$694,516
Expenses
$284,216
Net income
$410,300
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.00$2.71$1.23$0.51$0.72
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.01$1.78$0.96$0.46$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.00$1.29$0.61$0.33$0.28
2021Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.69$0.28$0.41
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.04$0.59$0.43$0.28$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.01$0.44$0.39$0.28$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.00$0.33$0.59$0.21$0.38
2017Summary only. Only limited summary data is available for this year.$0.06$0.10$0.09$0.20$0.11
2016Summary only. Only limited summary data is available for this year.$0.07$0.00$0.16$0.19$0.03
2015Summary only. Only limited summary data is available for this year.$0.10$0.00$0.09$0.21$0.20$0.02
2014Summary only. Only limited summary data is available for this year.$0.08$0.00$0.03$0.18$0.15
2013Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.22$0.19$0.03
2012Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$0.24$0.19$0.05
2011Summary only. Only limited summary data is available for this year.$0.15$0.00$0.20$0.17$0.03