Civic Intelligence

The Institute for Advanced Learning and Research Foundation

990 • Fiscal year 2017 • EIN 20-5584089

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 19, 2017

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

62nd percentile

0.29x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.98x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

47th percentile

3.1%

Faster asset growth than 47% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

286%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$5,151,683

Up $153,057 (+3.1%) from 2016

Net Assets

Up

$3,674,303

Up $744,552 (+25%) from 2016

Liabilities

Down

$1,477,380

Down $591,495 (-29%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin89th percentile

Revenue

Up

$1,507,460

Up $1,117,022 (+286%) from 2016

Expenses

Up

$858,168

Up $718,716 (+515%) from 2016

Net Income

Up

$649,292

Up $398,306 (+159%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2017

Assets$5,151,683
Liabilities$1,477,380
Net Assets$3,674,303
Open 2017 Filing

Operations Trend

Revenue Growth97th percentile

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

2017

Revenue$1,507,460
Expenses$858,168
Net Income$649,292
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 19, 2017
Return Version
2016v3.0
Gross Receipts
$1,518,351
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$2,085,995$2,009,353▼ $76,642
Land, Buildings, and Equipment, Net$1,929,012$1,777,062▼ $151,950
Savings and Temporary Cash Investments$978,411$1,357,471▲ $379,060
Prepaid Expenses and Deferred Charges$5,208$7,797▲ $2,589
Total Assets$4,998,626$5,151,683▲ $153,057
Liabilities
Other Liabilities$2,068,875$1,477,325▼ $591,550
Accounts Payable and Accrued Expenses-$55-
Total Liabilities$2,068,875$1,477,380▼ $591,495
Net Assets / Fund Balance
Unrestricted Net Assets$1,000,739$1,897,241▲ $896,502
Temporarily Rstr Net Assets$1,929,012$1,777,062▼ $151,950
Total Net Assets Fund Balance$2,929,751$3,674,303▲ $744,552
Total Liabilities and Net Assets / Fund Balance$4,998,626$5,151,683▲ $153,057

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,577,062$240,021$1,817,083
Land$200,000-$200,000
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Lott RogersPresident
Roy FordVice President
Barbara BassDirector
Bruce ScismDirector
Don MerricksDirector
Kris WillardDirector
Mark GignacDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,388,767
Program Service Revenue
$51,725
Investment Income
$-10,891
Other Revenue
$77,859
Change in Net Assets
$649,292

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,507,460
Revenue Not Reported on Form 990
$106,151
Total Revenue per Audited Statements
$1,613,611
Total Revenue per Form 990
$1,507,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$858,168
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
Other Expenses$630,500$0$0$630,500
Depreciation Depletion$151,950$0$0$151,950
Fees for Services Other$29,724$0$0$29,724
All Other Expenses$26,331$0$0$26,331
Occupancy$14,355$0$0$14,355
Fees for Service Investment Mgmnt Fees$5,308$0$0$5,308
Total Functional Expenses$858,168$0$0$858,168

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$869,059
Expenses per Audited Statements$858,168
Total Expenses per Form 990$858,168
Expenses Not Reported on Form 990$10,891
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$1,477,325
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
2017-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Chatt
Formed
2006
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
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 Appendix395 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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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0869059
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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/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0450493130
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOP AND ATTRACT TECHNOLOGY AND TALENT
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01388767
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11477325
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2625000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FMV
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2THE INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01777062
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt05151683
IRS990/TotalAssetsGrp/BOYAmt04998626
IRS990/TotalAssetsGrp/EOYAmt05151683
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01388767
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0858168
IRS990/TotalFunctionalExpensesGrp/TotalAmt0858168
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02068875
IRS990/TotalLiabilitiesEOYAmt01477380
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IRS990/TotalLiabilitiesGrp/EOYAmt01477380
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IRS990/TotalProgramServiceExpensesAmt0858168
IRS990/TotalProgramServiceRevenueAmt051725
IRS990/TotalRevenueGrp/ExclusionAmt0-10891
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0129584
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01507460
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05151683
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01000739
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01897241
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0DANVILLE
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IRS990/USAddress/ZIPCd024540
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA CHATT
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ReturnHeader/BusinessOfficerGrp/PhoneNum04347666792
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-19
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/FilingSecurityInformation/AtSubmissionCreationDeviceId00C75C856D8A6068B64D9E38E2352C14A3BEAD3EE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00C75C856D8A6068B64D9E38E2352C14A3BEAD3EE
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.167.52.133
ReturnHeader/FilingSecurityInformation/IPDt02018-01-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm006:13:17
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/PreparationDt02018-01-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GORDON B JONES CPA
ReturnHeader/ReturnTs02018-01-12T06:13:31-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,151,683
Liabilities
$1,477,380
Net assets
$3,674,303
Revenue
$1,507,460
Expenses
$858,168
Net income
$649,292
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