Civic Intelligence

Jeremy Elliott Scholarship Foundation

990 • Fiscal year 2022 • EIN 20-2885357

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 30, 2023

Organization Profile
PO Box 635Jefferson, NC 28640

(336) 846-7191

Siviq Scores

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

Liabilities / Assets

69th percentile

0.01x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.06x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Net Margin

81st percentile

58%

Higher net margin than 81% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$0

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Asset Growth

80th percentile

15%

Faster asset growth than 80% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

56th percentile

4.3%

Faster revenue growth than 56% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$2,036,245

Up $263,841 (+15%) from 2021

Net Assets

Up

$2,012,495

Up $249,091 (+14%) from 2021

Liabilities

Up

$23,750

Up $14,750 (+164%) from 2021

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin81st percentile

Revenue

Up

$426,652

Up $17,394 (+4.3%) from 2021

Expenses

Down

$177,561

Down $4,532 (-2.5%) from 2021

Net Income

Up

$249,091

Up $21,926 (+9.7%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $172,070Liabilities 2011: $0Net Assets 2011: $172,0702011Assets 2012: $241,324Liabilities 2012: $0Net Assets 2012: $241,3242012Assets 2013: $403,515Liabilities 2013: $0Net Assets 2013: $403,5152013Assets 2014: $172,070Liabilities 2014: $0Net Assets 2014: $172,0702014Assets 2015: $878,335Liabilities 2015: $0Net Assets 2015: $878,3352015Assets 2016: $1,163,730Liabilities 2016: $0Net Assets 2016: $1,163,7302016Assets 2017: $1,256,656Liabilities 2017: $0Net Assets 2017: $1,256,6562017Assets 2018: $1,378,710Liabilities 2018: $3,000Net Assets 2018: $1,375,7102018Assets 2019: $1,684,764Liabilities 2019: $4,000Net Assets 2019: $1,680,7642019Assets 2020: $1,545,232Liabilities 2020: $8,993Net Assets 2020: $1,536,2392020Assets 2021: $1,772,404Liabilities 2021: $9,000Net Assets 2021: $1,763,4042021Assets 2022: $2,036,245Liabilities 2022: $23,750Net Assets 2022: $2,012,4952022Assets 2023: $2,162,064Liabilities 2023: $13,250Net Assets 2023: $2,148,8142023Assets 2024: $2,598,280Liabilities 2024: $22,967Net Assets 2024: $2,575,3132024

Highlighted filing

2022

Assets$2,036,245
Liabilities$23,750
Net Assets$2,012,495
Open 2022 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $81,685Expenses 2011: $49,193Net Income 2011: $32,4922011Revenue 2012: $114,789Expenses 2012: $45,535Net Income 2012: $69,2542012Revenue 2013: $203,179Expenses 2013: $40,988Net Income 2013: $162,1912013Revenue 2014: $81,685Expenses 2014: $49,193Net Income 2014: $32,4922014Revenue 2015: $448,219Expenses 2015: $79,894Net Income 2015: $368,3252015Revenue 2016: $399,764Expenses 2016: $114,369Net Income 2016: $285,3952016Revenue 2017: $235,219Expenses 2017: $142,293Net Income 2017: $92,9262017Revenue 2018: $292,867Expenses 2018: $173,813Net Income 2018: $119,0542018Revenue 2019: $465,729Expenses 2019: $160,675Net Income 2019: $305,0542019Revenue 2020: $29,787Expenses 2020: $174,312Net Income 2020: -$144,5252020Revenue 2021: $409,258Expenses 2021: $182,093Net Income 2021: $227,1652021Revenue 2022: $426,652Expenses 2022: $177,561Net Income 2022: $249,0912022Revenue 2023: $573,944Expenses 2023: $455,426Net Income 2023: $118,5182023Revenue 2024: $668,318Expenses 2024: $239,158Net Income 2024: $429,1602024

Highlighted filing

2022

Revenue$426,652
Expenses$177,561
Net Income$249,091
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 30, 2023
Return Version
2022v5.0
Gross Receipts
$426,652
Mission and Program Overview

Mission

SCHOLARSHIPS

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$511,374$1,399,850▲ $888,476
Cash and Non-Interest-Bearing Accounts$1,027,438$402,725▼ $624,713
Land, Buildings, and Equipment, Net$230,000$230,000→ $0
Accounts Receivable$3,592$3,670▲ $78
Total Assets$1,772,404$2,036,245▲ $263,841
Liabilities
Grants Payable$9,000$23,750▲ $14,750
Total Liabilities$9,000$23,750▲ $14,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,763,404$2,012,495▲ $249,091
Total Net Assets Fund Balance$1,763,404$2,012,495▲ $249,091
Total Liabilities and Net Assets / Fund Balance$1,772,404$2,036,245▲ $263,841

Asset Categories

AssetBook ValueDepreciationBasis
Land$230,000-$230,000
Compensation and Service Providers
Top Officer Pay60th percentile

Board Members and Trustees

NameTitle
William E VannoyPresident
J Mark VannoyV President
Melissa P VannoyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$426,326
Program Service Revenue
$0
Investment Income
$326
Other Revenue
$0
All Other Contributions
$426,326
Change in Net Assets
$249,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$166,500
Other Expenses$11,061
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$166,500--$166,500
Fees for Services Legal-$3,939-$3,939
Fees for Services Accounting-$2,850-$2,850
Other Expenses-$28-$28
Total Functional Expenses$166,500$11,061$0$177,561
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
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 2

“William e. Vannoy james m. Vannoy president vice-pres. Brothers melissa p. Vannoy william e. Vannoy asst manager president wife”

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

“Board reviews form 990 prior to director signing it.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Jeremy Elliott
EIN
20-2885357
Phone
3368467191
Address
PO BOX 635, JEFFERSON, NC 28640

Signing Officer

Name
Melissa P Vannoy
Title
Director
Phone
3368467191
Signed
2023-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William E Vannoy
Formed
2005
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Coffey Lovins & Company Pllc
Address
113 NORTH CENTER STREET SUITE 100, STATESVILLE, NC 28677-5255
Preparer
William H Coffey
Phone
7048711477
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILLIAM E. VANNOY JAMES M. VANNOY PRESIDENT VICE-PRES. BROTHERS MELISSA P. VANNOY WILLIAM E. VANNOY ASST MANAGER PRESIDENT WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS FORM 990 PRIOR TO DIRECTOR SIGNING IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01772404
IRS990/TotalAssetsEOYAmt02036245
IRS990/TotalAssetsGrp/BOYAmt01772404
IRS990/TotalAssetsGrp/EOYAmt02036245
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0426326
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011061
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0166500
IRS990/TotalFunctionalExpensesGrp/TotalAmt0177561
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09000
IRS990/TotalLiabilitiesEOYAmt023750
IRS990/TotalLiabilitiesGrp/BOYAmt09000
IRS990/TotalLiabilitiesGrp/EOYAmt023750
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02012495
IRS990/TotalProgramServiceExpensesAmt0166500
IRS990/TotalRevenueGrp/ExclusionAmt0326
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0426652
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01772404
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02036245
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 635
IRS990/USAddress/CityNm0JEFFERSON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028640
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA P VANNOY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03368467191
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JEREMY ELLIOTT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOLARSHIP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0JERE
ReturnHeader/Filer/EIN0202885357
ReturnHeader/Filer/PhoneNum03368467191
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 635
ReturnHeader/Filer/USAddress/CityNm0JEFFERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028640
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561929162
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COFFEY LOVINS & COMPANY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0113 NORTH CENTER STREET SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STATESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0286775255
ReturnHeader/PreparerPersonGrp/PhoneNum07048711477
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM H COFFEY
ReturnHeader/ReturnTs02023-09-08T12:09:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MELISSA P
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VANNOY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,036,245
Liabilities
$23,750
Net assets
$2,012,495
Revenue
$426,652
Expenses
$177,561
Net income
$249,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.60$0.02$2.58$0.67$0.24$0.43
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.01$2.15$0.57$0.46$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.04$0.02$2.01$0.43$0.18$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.01$1.76$0.41$0.18$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.01$1.54$0.03$0.17$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.47$0.16$0.31
2018Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.29$0.17$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.24$0.14$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.40$0.11$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.45$0.08$0.37
2014Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$0.08$0.05$0.03
2013Summary only. Only limited summary data is available for this year.$0.40$0.00$0.40$0.20$0.04$0.16
2012Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.11$0.05$0.07
2011Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$0.08$0.05$0.03