Civic Intelligence

The Institute for Advanced Learning and Research Foundation

990 • Fiscal year 2016 • EIN 20-5584089

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

Organization ProfileN/A
150 Slayton AvenueDanville, VA 24540

(434) 766-6792

Siviq Scores

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

Liabilities / Assets

75th percentile

0.41x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

5.30x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

95th percentile

64%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

97th percentile

171%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$4,998,626

Up $3,151,865 (+171%) from 2015

Net Assets

Up

$2,929,751

Up $1,229,944 (+72%) from 2015

Liabilities

Up

$2,068,875

Up $1,921,921 (+1308%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin95th percentile

Revenue

Up

$390,438

Up $870,205 (+181%) from 2015

Expenses

Down

$139,452

Down $458,944 (-77%) from 2015

Net Income

Up

$250,986

Up $1,329,149 (+123%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

2016

Assets$4,998,626
Liabilities$2,068,875
Net Assets$2,929,751
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2016

Revenue$390,438
Expenses$139,452
Net Income$250,986
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v3.0
Gross Receipts
$390,438
Mission and Program Overview

Mission

Identifying and nurturing relationships with potential donors and other friends

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$906,936$2,085,995▲ $1,179,059
Land, Buildings, and Equipment, Net$313,329$1,929,012▲ $1,615,683
Savings and Temporary Cash Investments$626,496$978,411▲ $351,915
Prepaid Expenses and Deferred Charges-$5,208-
Total Assets$1,846,761$4,998,626▲ $3,151,865
Liabilities
Other Liabilities$146,454$2,068,875▲ $1,922,421
Accounts Payable and Accrued Expenses$500--
Total Liabilities$146,954$2,068,875▲ $1,921,921
Net Assets / Fund Balance
Temporarily Rstr Net Assets$313,329$1,929,012▲ $1,615,683
Unrestricted Net Assets$1,386,478$1,000,739▼ $385,739
Total Net Assets Fund Balance$1,699,807$2,929,751▲ $1,229,944
Total Liabilities and Net Assets / Fund Balance$1,846,761$4,998,626▲ $3,151,865

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,729,012$88,071$1,817,083
Land$200,000-$200,000
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$246,713
Program Service Revenue
$59,547
Investment Income
$19,091
Other Revenue
$65,087
All Other Contributions
$246,713
Change in Net Assets
$250,986

Audited Revenue Reconciliation

Revenue per Audited Statements
$390,438
Revenue Not Reported on Form 990
$-25,179
Total Revenue per Audited Statements
$365,259
Total Revenue per Form 990
$390,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,452
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
Depreciation Depletion$88,071$0$0$88,071
Fees for Services Other$28,663$0$0$28,663
Other Expenses$7,250$0$0$7,250
All Other Expenses$6,883$0$0$6,883
Fees for Service Investment Mgmnt Fees$4,842$0$0$4,842
Occupancy$3,743$0$0$3,743
Total Functional Expenses$139,452$0$0$139,452

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$139,452
Total Expenses per Audited Statements$139,452
Total Expenses per Form 990$139,452
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$2,068,875
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
2016-11-14
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 PLLC
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.”

Financial Statement Notes

Pt XI, Line 2D

“LOSS ON INVESTMENT”

Pt XII, Line 2D

“LOSS ON INVESTMENT”

Raw XML Appendix400 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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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
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IRS990/SubjectToProxyTaxInd0false
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IRS990/USAddress/ZIPCd024540
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA CHATT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04347666792
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0INST
ReturnHeader/Filer/EIN0205584089
ReturnHeader/Filer/PhoneNum04347666792
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ReturnHeader/Filer/USAddress/CityNm0DANVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024540
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robinson Farmer Cox Associates PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0108 South Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Blacksburg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024060
ReturnHeader/PreparerPersonGrp/PhoneNum05405527322
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GORDON B JONES CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-02T09:46:41-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,998,626
Liabilities
$2,068,875
Net assets
$2,929,751
Revenue
$390,438
Expenses
$139,452
Net income
$250,986
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