Civic Intelligence

The Institute for Advanced Learning and Research Foundation

990 • Fiscal year 2015 • EIN 20-5584089

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 13, 2015

Organization ProfileN/A
150 Slayton AvenueDanville, VA 24540

(434) 766-6792

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,846,761

Down $938,665 (-34%) from 2014

Net Assets

Down

$1,699,807

Down $1,085,519 (-39%) from 2014

Liabilities

Up

$146,954

Up $146,854 (+146854%) from 2014

Revenue And Expenses

Revenue

Down

-$479,767

Down $1,547,955 (-145%) from 2014

Expenses

Up

$598,396

Up $416,377 (+229%) from 2014

Net Income

Down

-$1,078,163

Down $1,964,332 (-222%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $1,449,613Liabilities 2011: $990,735Net Assets 2011: $458,8782011Assets 2012: $1,127,500Liabilities 2012: $29,504Net Assets 2012: $1,097,9962012Assets 2013: $2,037,522Liabilities 2013: $138,365Net Assets 2013: $1,899,1572013Assets 2014: $2,785,426Liabilities 2014: $100Net Assets 2014: $2,785,3262014Assets 2015: $1,846,761Liabilities 2015: $146,954Net Assets 2015: $1,699,8072015Assets 2016: $4,998,626Liabilities 2016: $2,068,875Net Assets 2016: $2,929,7512016Assets 2017: $5,151,683Liabilities 2017: $1,477,380Net Assets 2017: $3,674,3032017Assets 2018: $4,800,417Liabilities 2018: $1,117,347Net Assets 2018: $3,683,0702018Assets 2019: $7,124,580Liabilities 2019: $327,804Net Assets 2019: $6,796,7762019Assets 2020: $8,439,963Liabilities 2020: $54,373Net Assets 2020: $8,385,5902020Assets 2021: $8,581,171Liabilities 2021: $30,352Net Assets 2021: $8,550,8192021Assets 2022: $8,291,517Liabilities 2022: $206,884Net Assets 2022: $8,084,6332022Assets 2023: $8,407,981Liabilities 2023: $194,136Net Assets 2023: $8,213,8452023Assets 2024: $10,882,630Liabilities 2024: $156,559Net Assets 2024: $10,726,0712024Assets 2025: $11,215,910Liabilities 2025: $213,509Net Assets 2025: $11,002,4012025

Highlighted filing

2015

Assets$1,846,761
Liabilities$146,954
Net Assets$1,699,807
Open 2015 Filing

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $365,7702011Revenue 2012: $1,054,661Expenses 2012: $516,181Net Income 2012: $538,4802012Revenue 2013: $1,341,812Expenses 2013: $540,651Net Income 2013: $801,1612013Revenue 2014: $1,068,188Expenses 2014: $182,019Net Income 2014: $886,1692014Revenue 2015: -$479,767Expenses 2015: $598,396Net Income 2015: -$1,078,1632015Revenue 2016: $390,438Expenses 2016: $139,452Net Income 2016: $250,9862016Revenue 2017: $1,507,460Expenses 2017: $858,168Net Income 2017: $649,2922017Revenue 2018: -$3,915Expenses 2018: $172,909Net Income 2018: -$176,8242018Revenue 2019: $3,117,229Expenses 2019: $65,933Net Income 2019: $3,051,2962019Revenue 2020: $1,686,780Expenses 2020: $169,954Net Income 2020: $1,516,8262020Revenue 2021: $414,700Expenses 2021: $615,041Net Income 2021: -$200,3412021Revenue 2022: $774,524Expenses 2022: $875,142Net Income 2022: -$100,6182022Revenue 2023: $633,665Expenses 2023: $656,589Net Income 2023: -$22,9242023Revenue 2024: $2,628,084Expenses 2024: $421,405Net Income 2024: $2,206,6792024Revenue 2025: $1,151,700Expenses 2025: $475,454Net Income 2025: $676,2462025

Highlighted filing

2015

Revenue-$479,767
Expenses$598,396
Net Income-$1,078,163
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 13, 2015
Return Version
2014v6.0
Gross Receipts
$1,733,412
Mission and Program Overview

Mission

Identifying and nurturing relationships with potential donors and other friends of the institute, soliciting cash, securities, real and intellectual property, and other private resources for support of the institute, and acknowledging and stewarding such gifts in accordance with donor intent and it's fiduciary responsibilities.

To stimulate voluntary private support from friends, corporations, foundations, and others for the benefit of the institute for advanced learning and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$594,501$906,936▲ $312,435
Savings and Temporary Cash Investments-$626,496-
Land, Buildings, and Equipment, Net$703,348$313,329▼ $390,019
Other Notes and Loans Receivable, Net$85,604--
Prepaid Expenses and Deferred Charges$8,250--
Total Assets$2,785,426$1,846,761▼ $938,665
Other Assets Total$1,393,723--
Liabilities
Other Liabilities-$146,454-
Accounts Payable and Accrued Expenses$100$500▲ $400
Total Liabilities$100$146,954▲ $146,854
Net Assets / Fund Balance
Unrestricted Net Assets$2,785,326$1,386,478▼ $1,398,848
Temporarily Rstr Net Assets-$313,329-
Total Net Assets Fund Balance$2,785,326$1,699,807▼ $1,085,519
Total Liabilities and Net Assets / Fund Balance$2,785,426$1,846,761▼ $938,665

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$313,329$942,944$1,256,273
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kris WillardPresident
Charles HaynsworthVice President
Jim DanielDirector
Nina ThortonSecretary
Pat ChattTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,600,000
Program Service Revenue
$62,934
Investment Income
$-2,195,136
Other Revenue
$52,435
All Other Contributions
$1,600,000
Change in Net Assets
$-1,078,163

Audited Revenue Reconciliation

Revenue per Audited Statements
$-479,767
Revenue Not Reported on Form 990
$2,205,823
Total Revenue per Audited Statements
$1,726,056
Total Revenue per Form 990
$-479,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$337,274
Grants and Similar Amounts Paid$261,122
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$261,122--$261,122
Other Expenses$150,000$0$0$150,000
Depreciation Depletion$140,373$0$0$140,373
Fees for Services Other$40,403$0$0$40,403
Fees for Service Investment Mgmnt Fees$3,522$0$0$3,522
All Other Expenses$2,976$0$0$2,976
Total Functional Expenses$598,396$0$0$598,396

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,811,575
Expenses Not Reported on Form 990$2,213,179
Expenses per Audited Statements$598,396
Total Expenses per Form 990$598,396
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Patrick Hentry Community College FoundationMartinsville, VA-Equipment Donation$10,976
IalrDanville, VA-Career Expo and 3-d Printer Camp-
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Ialr$146,454
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Institute for Advanced Learning and Research Foundation
EIN
20-5584089
Phone
4347666792
Address
150 SLAYTON AVENUE, DANVILLE, VA 24540

Signing Officer

Name
Patricia Chatt
Title
Treasurer
Phone
4347666792
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Chatt
Formed
2006
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Robinson Farmer Cox Associates
Address
108 South Park, Blacksburg, VA 24060
Preparer
Gordon B Jones CPA
Phone
5405527322
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The board is forwarded a copy of the return and is instructed to review with the appropriate officers and directors prior to signing and filing with the internal revenue service.”

Pt VI, Line 19

“The organization makes all documents available upon request.”

Form 990, Part IX, Line 24F

“Drppc - indirect costs drppc - travel miscellaneous”

Financial Statement Notes

Pt XI, Line 2D

“LOSS ON INVESTMENT”

Pt XII, Line 2D

“LOSS ON INVESTMENT”

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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PATRICK HENTRY COMMUNITY COLLEGE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1IALR
IRS990ScheduleI/RecipientTable/RecipientEIN0541185803
IRS990ScheduleI/RecipientTable/RecipientEIN1450493130
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0645 PATRIOT AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1150 SLAYTON AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MARTINSVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DANVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd024112
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd124540
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT FUNDS ARE MONITORED THROUGH ANNUAL STATUS REPORTS ON THE PARTNERSHIP ACTIVITIES RELATED TO THE AWARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS FORWARDED A COPY OF THE RETURN AND IS INSTRUCTED TO REVIEW WITH THE APPROPRIATE OFFICERS AND DIRECTORS PRIOR TO SIGNING AND FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DRPPC - INDIRECT COSTS DRPPC - TRAVEL MISCELLANEOUS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24f
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH FOUNDATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0461898712
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PLANT PROPAGATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0DAN RIVER PLANTS LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0150 SLAYTON AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0DANVILLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd024540
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0450493130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0POLITICAL SUBDIVISIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOP AND ATTRACT TECHNOLOGY AND TALENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0150 SLAYTON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DANVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd024540
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0550000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt110976
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2146454
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2e
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0313329
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01846761
IRS990/TotalAssetsGrp/BOYAmt02785426
IRS990/TotalAssetsGrp/EOYAmt01846761
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01600000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0598396
IRS990/TotalFunctionalExpensesGrp/TotalAmt0598396
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0100
IRS990/TotalLiabilitiesEOYAmt0146954
IRS990/TotalLiabilitiesGrp/BOYAmt0100
IRS990/TotalLiabilitiesGrp/EOYAmt0146954
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01699807
IRS990/TotalProgramServiceExpensesAmt0598396
IRS990/TotalProgramServiceRevenueAmt062934
IRS990/TotalRevenueGrp/ExclusionAmt0-2195136
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115369
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-479767
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02785426
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01846761
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02785326
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01386478
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150 SLAYTON AVE
IRS990/USAddress/CityNm0DANVILLE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024540
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,846,761
Liabilities
$146,954
Net assets
$1,699,807
Revenue
-$479,767
Expenses
$598,396
Net income
-$1,078,163
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.2$0.21$11.0$1.15$0.48$0.68
2024Detailed filing. Detailed filing data is available for this year.$10.9$0.16$10.7$2.63$0.42$2.21
2023Detailed filing. Detailed filing data is available for this year.$8.41$0.19$8.21$0.63$0.66$0.02
2022Detailed filing. Detailed filing data is available for this year.$8.29$0.21$8.08$0.77$0.88$0.10
2021Detailed filing. Detailed filing data is available for this year.$8.58$0.03$8.55$0.41$0.62$0.20
2020Detailed filing. Detailed filing data is available for this year.$8.44$0.05$8.39$1.69$0.17$1.52
2019Detailed filing. Detailed filing data is available for this year.$7.12$0.33$6.80$3.12$0.07$3.05
2018Detailed filing. Detailed filing data is available for this year.$4.80$1.12$3.68$0.00$0.17$0.18
2017Detailed filing. Detailed filing data is available for this year.$5.15$1.48$3.67$1.51$0.86$0.65
2016Detailed filing. Detailed filing data is available for this year.$5.00$2.07$2.93$0.39$0.14$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.85$0.15$1.70$0.48$0.60$1.08
2014Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$1.07$0.18$0.89
2013Summary only. Only limited summary data is available for this year.$2.04$0.14$1.90$1.34$0.54$0.80
2012Summary only. Only limited summary data is available for this year.$1.13$0.03$1.10$1.05$0.52$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.99$0.46$0.37