Civic Intelligence

Virginia Industry Foundation Inc

990 • Fiscal year 2013 • EIN 20-5582985

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 10, 2014

2108 West Laburnum Suite 100F23227

(804) 643-7489

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

58th percentile

6.3%

Higher net margin than 58% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

99th percentile

$156,234

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 125.0% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

92nd percentile

108%

Faster asset growth than 92% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

99th percentile

861%

Faster revenue growth than 99% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$15,201

Up $7,877 (+108%) from 2012

Net Assets

Up

$15,201

Up $7,877 (+108%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

Up

$125,020

Up $112,017 (+861%) from 2012

Expenses

Up

$117,143

Up $106,318 (+982%) from 2012

Net Income

Up

$7,877

Up $5,699 (+262%) from 2012

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2010: $64,642Liabilities 2010: $22,483Net Assets 2010: $42,1592010Assets 2011: $5,146Liabilities 2011: $0Net Assets 2011: $5,1462011Assets 2012: $7,324Liabilities 2012: $0Net Assets 2012: $7,3242012Assets 2013: $15,201Liabilities 2013: $0Net Assets 2013: $15,2012013Assets 2014: $16,247Liabilities 2014: $0Net Assets 2014: $16,2472014Assets 2015: $66,193Liabilities 2015: $0Net Assets 2015: $66,1932015Assets 2016: $21,114Liabilities 2016: $0Net Assets 2016: $21,1142016Assets 2017: $59,406Liabilities 2017: $0Net Assets 2017: $59,4062017Assets 2018: $48,280Liabilities 2018: $8,580Net Assets 2018: $39,7002018Assets 2019: $52,694Liabilities 2019: $9,580Net Assets 2019: $43,1142019Assets 2020: $47,763Liabilities 2020: $9,080Net Assets 2020: $38,6832020Assets 2021: $60,340Liabilities 2021: $8,580Net Assets 2021: $51,7602021Assets 2022: $27,264Liabilities 2022: $8,580Net Assets 2022: $18,6842022Assets 2023: $9,036Liabilities 2023: $8,580Net Assets 2023: $4562023Assets 2024: $53,037Liabilities 2024: $38,571Net Assets 2024: $14,4662024

Highlighted filing

2013

Assets$15,201
Liabilities$0
Net Assets$15,201

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $409,0012010Expenses 2011: $207,4002011Revenue 2012: $13,003Expenses 2012: $10,825Net Income 2012: $2,1782012Revenue 2013: $125,020Expenses 2013: $117,143Net Income 2013: $7,8772013Revenue 2014: $60,563Expenses 2014: $59,517Net Income 2014: $1,0462014Revenue 2015: $53,733Expenses 2015: $3,787Net Income 2015: $49,9462015Revenue 2016: $34,735Expenses 2016: $79,814Net Income 2016: -$45,0792016Revenue 2017: $119,390Expenses 2017: $81,098Net Income 2017: $38,2922017Revenue 2018: $53,029Expenses 2018: $72,735Net Income 2018: -$19,7062018Revenue 2019: $52,460Expenses 2019: $49,046Net Income 2019: $3,4142019Revenue 2020: $5,558Expenses 2020: $5,708Net Income 2020: -$1502020Revenue 2021: $110,009Expenses 2021: $60,104Net Income 2021: $49,9052021Revenue 2022: $6,281Expenses 2022: $40,548Net Income 2022: -$34,2672022Revenue 2023: $8,516Expenses 2023: $18,768Net Income 2023: -$10,2522023Revenue 2024: $40,479Expenses 2024: $15,751Net Income 2024: $24,7282024

Highlighted filing

2013

Revenue$125,020
Expenses$117,143
Net Income$7,877
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$125,020
Mission and Program Overview

Mission

To provide scientific educational information, compose, publish, and disseminate information and standards designed to advance industry and specific education, recognize industrial, scientific, educational, workplace and environmental achievements, support technology, intensive industry research and development and serve as a central scientific, educational, and charitable resource for industry and the public.

To provide scientific educational information, compose. Publish, and disseminate information and standards designed to advance industry and specific education, recognize industrial, scientific, educational, workplace and environmental achievements, support technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,324$15,201▲ $7,877
Total Assets$7,324$15,201▲ $7,877
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$7,324$15,201▲ $7,877
Total Net Assets Fund Balance$7,324$15,201▲ $7,877
Total Liabilities and Net Assets / Fund Balance$7,324$15,201▲ $7,877
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brett VasseyPresident
Brian McneilsBoard Member
Caryn DurhamBoard Member
Evans DrakeBoard Member
Jeff SmithBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$125,013
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$0
All Other Contributions
$125,013
Change in Net Assets
$7,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,143
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$110,463--$110,463
Office Expenses$5,720--$5,720
Fees for Services Accounting$925--$925
Fees for Services Legal$35--$35
Total Functional Expenses$117,143$0$0$117,143
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
Backup withholding compliance
Yes
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

A copy of form 990 is provided and reviewed by the organizations governing body before it is filed.

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

The board members are required to sign a statement each year acknowledging that they understand and agree to abide by the conflicts of interest policy. In the event that a board member has a potential conflict of interest during the year, such board member shall recuse himself/herself from all discussion or votes on the matter

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

The foundation has no employees. Instead all individuals performing services for the foundation are employed by virginia manufacturers association (vma), a related tax-exempt organization. Compensation of vma executives is approved by the full board in the budget approval process each year.

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

The foundation has no employees. Instead all individuals performing services for the foundation are employed by virginia manufacturers association (vma), a related tax-exempt organization. Compensation of vma executives is approved by the full board in the budget approval process each year.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents, conflicts of interest policy and financial statements are made available to the public upon request.

Form 990, Page 7, Part VII

Parent organization has filed a separate return

Filing and Contact Details

Filer

EIN
20-5582985
Phone
8046437489

Signing Officer

Name
Brett a Vassey
Title
President
Phone
8046437489
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett a Vassey
Formed
2007
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Preparer
Scott D Hevener
Phone
8044540563
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide scientific educational information, compose. Publish, and disseminate information and standards designed to advance industry and specific education, recognize industrial, scientific, educational, workplace and environmental achievements, support technology.

Form 990, Part IX, Line 11G

GRANTS 110,463 0 0

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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/ExplanationTxt0TO PROVIDE SCIENTIFIC EDUCATIONAL INFORMATION, COMPOSE. PUBLISH, AND DISSEMINATE INFORMATION AND STANDARDS DESIGNED TO ADVANCE INDUSTRY AND SPECIFIC EDUCATION, RECOGNIZE INDUSTRIAL, SCIENTIFIC, EDUCATIONAL, WORKPLACE AND ENVIRONMENTAL ACHIEVEMENTS, SUPPORT TECHNOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED AND REVIEWED BY THE ORGANIZATIONS GOVERNING BODY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT EACH YEAR ACKNOWLEDGING THAT THEY UNDERSTAND AND AGREE TO ABIDE BY THE CONFLICTS OF INTEREST POLICY. IN THE EVENT THAT A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST DURING THE YEAR, SUCH BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSION OR VOTES ON THE MATTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION HAS NO EMPLOYEES. INSTEAD ALL INDIVIDUALS PERFORMING SERVICES FOR THE FOUNDATION ARE EMPLOYED BY VIRGINIA MANUFACTURERS ASSOCIATION (VMA), A RELATED TAX-EXEMPT ORGANIZATION. COMPENSATION OF VMA EXECUTIVES IS APPROVED BY THE FULL BOARD IN THE BUDGET APPROVAL PROCESS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION HAS NO EMPLOYEES. INSTEAD ALL INDIVIDUALS PERFORMING SERVICES FOR THE FOUNDATION ARE EMPLOYED BY VIRGINIA MANUFACTURERS ASSOCIATION (VMA), A RELATED TAX-EXEMPT ORGANIZATION. COMPENSATION OF VMA EXECUTIVES IS APPROVED BY THE FULL BOARD IN THE BUDGET APPROVAL PROCESS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PARENT ORGANIZATION HAS FILED A SEPARATE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GRANTS 110,463 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 7, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0101663
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10VIRGINIA MANUFACTURERS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07324
IRS990/TotalAssetsEOYAmt015201
IRS990/TotalAssetsGrp/BOYAmt07324
IRS990/TotalAssetsGrp/EOYAmt015201
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0125013
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0117143
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07324
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015201
IRS990/TotalProgramServiceExpensesAmt0117143
IRS990/TotalRevenueGrp/ExclusionAmt07
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0125020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07324
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015201
IRS990/TotReportableCompRltdOrgAmt0156234
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07324
IRS990/UnrestrictedNetAssetsGrp/EOYAmt015201
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102108 WEST LABURNUM SUITE 100F
IRS990/USAddress/City0RICHMOND
IRS990/USAddress/State0VA
IRS990/USAddress/ZIPCode023227
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.VAMANUFACTURERS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRETT A VASSEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08046437489
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10VIRGINIA INDUSTRY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0205582985
ReturnHeader/Filer/PhoneNum08046437489
ReturnHeader/Filer/USAddress/AddressLine102108 WEST LABURNUM SUITE 100F
ReturnHeader/Filer/USAddress/City0RICHMOND
ReturnHeader/Filer/USAddress/State0VA
ReturnHeader/Filer/USAddress/ZIPCode023227
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460729438
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10SCOTT D HEVENER CPA PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine104600 ECOFF AVENUE SUITE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0238311712
ReturnHeader/PreparerPersonGrp/PhoneNum08044540563
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT D HEVENER
ReturnHeader/ReturnTs02014-11-13T15:15:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.39$0.14$0.40$0.16$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.09$0.00$0.09$0.19$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.09$0.19$0.06$0.41$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.09$0.52$1.10$0.60$0.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.09$0.39$0.06$0.06$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.10$0.43$0.52$0.49$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.09$0.40$0.53$0.73$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.00$0.59$1.19$0.81$0.38
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.00$0.21$0.35$0.80$0.45
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.00$0.66$0.54$0.04$0.50
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.61$0.60$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$1.25$1.17$0.08
2012Summary only. Only limited summary data is available for this year.$0.07$0.00$0.07$0.13$0.11$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$2.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.22$0.42$4.09