Civic Intelligence

The Imr Support Foundation

990 • Fiscal year 2021 • EIN 20-5662523

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 21, 2022

3 University CircleCharlottesville, VA 22903

(434) 202-5010

Siviq Scores

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

Liabilities / Assets

75th percentile

0.40x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

34.64x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

1st percentile

-293%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

51st percentile

$120,623

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 171.3% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

67th percentile

18%

Faster asset growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-89%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$6,089,765

Up $944,729 (+18%) from 2020

Net Assets

Down

$3,651,389

Down $206,309 (-5.3%) from 2020

Liabilities

Up

$2,438,376

Up $1,151,038 (+89%) from 2020

Revenue

Down

$70,396

Down $596,302 (-89%) from 2020

Expenses

Down

$276,705

Down $327,377 (-54%) from 2020

Net Income

Down

-$206,309

Down $268,925 (-429%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $7,451,094Liabilities 2011: $1,466,083Net Assets 2011: $5,985,0112011Assets 2012: $6,994,557Liabilities 2012: $1,751,941Net Assets 2012: $5,242,6162012Assets 2013: $7,372,513Liabilities 2013: $2,084,000Net Assets 2013: $5,288,5132013Assets 2014: $8,138,139Liabilities 2014: $3,099,864Net Assets 2014: $5,038,2752014Assets 2016: $8,801,550Liabilities 2016: $4,285,367Net Assets 2016: $4,516,1832016Assets 2017: $7,984,507Liabilities 2017: $3,865,316Net Assets 2017: $4,119,1912017Assets 2018: $6,512,617Liabilities 2018: $2,576,025Net Assets 2018: $3,936,5922018Assets 2019: $5,467,202Liabilities 2019: $1,672,120Net Assets 2019: $3,795,0822019Assets 2020: $5,145,036Liabilities 2020: $1,287,338Net Assets 2020: $3,857,6982020Assets 2021: $6,089,765Liabilities 2021: $2,438,376Net Assets 2021: $3,651,3892021Assets 2022: $4,778,583Liabilities 2022: $1,945,289Net Assets 2022: $2,833,2942022Assets 2023: $4,772,947Liabilities 2023: $1,879,152Net Assets 2023: $2,893,7952023Assets 2024: $4,955,279Liabilities 2024: $1,813,204Net Assets 2024: $3,142,0752024Assets 2025: $5,027,830Liabilities 2025: $1,758,233Net Assets 2025: $3,269,5972025

Highlighted filing

2021

Assets$6,089,765
Liabilities$2,438,376
Net Assets$3,651,389

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $602,166Expenses 2011: $475,155Net Income 2011: $127,0112011Revenue 2012: $176,302Expenses 2012: $918,697Net Income 2012: -$742,3952012Revenue 2013: $855,185Expenses 2013: $809,288Net Income 2013: $45,8972013Revenue 2014: $1,391,349Expenses 2014: $1,641,587Net Income 2014: -$250,2382014Revenue 2016: $1,734,241Expenses 2016: $2,060,769Net Income 2016: -$326,5282016Revenue 2017: $1,455,296Expenses 2017: $1,852,288Net Income 2017: -$396,9922017Revenue 2018: $2,300,462Expenses 2018: $2,550,101Net Income 2018: -$249,6392018Revenue 2019: $506,652Expenses 2019: $648,162Net Income 2019: -$141,5102019Revenue 2020: $666,698Expenses 2020: $604,082Net Income 2020: $62,6162020Revenue 2021: $70,396Expenses 2021: $276,705Net Income 2021: -$206,3092021Revenue 2022: $70,229Expenses 2022: $888,324Net Income 2022: -$818,0952022Revenue 2023: $352,904Expenses 2023: $292,403Net Income 2023: $60,5012023Revenue 2024: $671,546Expenses 2024: $423,266Net Income 2024: $248,2802024Revenue 2025: $617,744Expenses 2025: $490,222Net Income 2025: $127,5222025

Highlighted filing

2021

Revenue$70,396
Expenses$276,705
Net Income-$206,309
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 21, 2022
Return Version
2020v4.2
Gross Receipts
$70,396
Mission and Program Overview

Mission

The foundation supports and furthers the goals of in medias res (d/b/a advanced studies in culture foundation), a 501(c)(3) organization, by generating financial support and managing, investing, and administering gifts, see schedule o for continuation and by providing the facilities that house the operations of the advanced studies in culture foundation.

The foundation supports and furthers the goals of in medias res (d/b/a advanced studies in culture foundation), a 501(c)(3) organization, by generating financial support and managing, investing, and administering gifts, and by providing the facilities that house the operations of in medias res.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,862,573$4,679,665▼ $182,908
Savings and Temporary Cash Investments$212,428$1,187,311▲ $974,883
Pledges and Grants Receivable$50,000--
Intangible Assets$3,385$21,063▲ $17,678
Cash and Non-Interest-Bearing Accounts$16,650$6,726▼ $9,924
Total Assets$5,145,036$6,089,765▲ $944,729
Other Assets Total$0$195,000▲ $195,000
Liabilities
Mortgage Notes Payable Secured by Investment Property-$2,000,000-
Other Liabilities$1,287,243$438,376▼ $848,867
Accounts Payable and Accrued Expenses$95$0▼ $95
Total Liabilities$1,287,338$2,438,376▲ $1,151,038
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,654,810$3,508,688▼ $146,122
Net Assets With Donor Restrictions$202,888$142,701▼ $60,187
Total Net Assets Fund Balance$3,857,698$3,651,389▼ $206,309
Total Liabilities and Net Assets / Fund Balance$5,145,036$6,089,765▲ $944,729

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,503,310$2,475,755$6,979,065
Land$176,355-$176,355
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Mr Dabney S WellfordSr. Director of Finance & FaciPT$120,623$120,623

Board Members and Trustees

NameTitle
Mr Andrew KrouseChairman/treasurer
Mr David P TurnerPresident
Dr James D HunterDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$70,000
Program Service Revenue
$0
Investment Income
$396
Other Revenue
$0
All Other Contributions
$60,000
Change in Net Assets
$-206,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,927
Grants and Similar Amounts Paid$39,778
Total Fundraising Expense$11,526
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$160,034$30,006$10,002$200,042
Grants to Domestic Individuals$39,778--$39,778
Interest$24,404$4,632$1,524$30,560
Other Expenses$6,000--$6,000
Information Technology$163$162-$325
Total Functional Expenses$230,379$34,800$11,526$276,705
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 Affiliate - in Medias Res (ascf)$438,376
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is reviewed by the president of imr support foundation and the director of accounting. The president of in medias res (the supported organization) also reviews the form 990. Once reviewed, the final version of the form 990 is made available to all board members. Thereafter, the form 990 is filed and made available for public inspection.

Form 990, Part VI, Section B, Line 12C

The foundation's policy requires each director, officer, and member of a committee with governing board delegated powers to annually sign a statement which affirms that such a person (1) has received a copy of the conflict of interest policy, (2) has read and understands the policy, (3) has agreed to comply with the policy, and (4) understands that the foundation is tax-exempt and that it must engage primarily in activities which accomplish its tax-exempt purposes.

Form 990, Part VI, Section B, Line 15

The foundation does not pay compensation to its directors or officers. Therefore, it has not implemented policies with respect to compensation.

Form 990, Part VI, Section C, Line 18

The organization makes its forms 1023 and 990 available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements, available to the public upon request.

Part VIII, Line 2C

The organization's president and treasurer assume responsibility for oversight of the audit and selection and retention of independent auditors. This process has not changed from the prior year.

Filing and Contact Details

Filer

Filer Name
The Imr Support Foundation
EIN
20-5662523
Phone
4342025010
Address
3 UNIVERSITY CIRCLE, CHARLOTTESVILLE, VA 22903
Doing Business As
See Schedule O

Signing Officer

Name
David Turner
Title
President
Phone
4342025010
Signed
2022-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Turner
Formed
2006
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
HANTZMON WIEBEL LLP CPA'S
Address
PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Travis W Simpson
Phone
4342962156
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the organization.

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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/ExplanationTxt0A COPY OF THE FORM 990 IS REVIEWED BY THE PRESIDENT OF IMR SUPPORT FOUNDATION AND THE DIRECTOR OF ACCOUNTING. THE PRESIDENT OF IN MEDIAS RES (THE SUPPORTED ORGANIZATION) ALSO REVIEWS THE FORM 990. ONCE REVIEWED, THE FINAL VERSION OF THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS. THEREAFTER, THE FORM 990 IS FILED AND MADE AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S POLICY REQUIRES EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH A PERSON (1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (2) HAS READ AND UNDERSTANDS THE POLICY, (3) HAS AGREED TO COMPLY WITH THE POLICY, AND (4) UNDERSTANDS THAT THE FOUNDATION IS TAX-EXEMPT AND THAT IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION DOES NOT PAY COMPENSATION TO ITS DIRECTORS OR OFFICERS. THEREFORE, IT HAS NOT IMPLEMENTED POLICIES WITH RESPECT TO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORMS 1023 AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S PRESIDENT AND TREASURER ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION AND RETENTION OF INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VIII, LINE 2C
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(VI)
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID TURNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-21
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ReturnHeader/ReturnTs02022-04-21T13:21:35-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.03$1.76$3.27$0.62$0.49$0.13
2024Detailed filing. Detailed filing data is available for this year.$4.96$1.81$3.14$0.67$0.42$0.25
2023Detailed filing. Detailed filing data is available for this year.$4.77$1.88$2.89$0.35$0.29$0.06
2022Detailed filing. Detailed filing data is available for this year.$4.78$1.95$2.83$0.07$0.89$0.82
2021Detailed filing. Detailed filing data is available for this year.$6.09$2.44$3.65$0.07$0.28$0.21
2020Detailed filing. Detailed filing data is available for this year.$5.15$1.29$3.86$0.67$0.60$0.06
2019Detailed filing. Detailed filing data is available for this year.$5.47$1.67$3.80$0.51$0.65$0.14
2018Detailed filing. Detailed filing data is available for this year.$6.51$2.58$3.94$2.30$2.55$0.25
2017Detailed filing. Detailed filing data is available for this year.$7.98$3.87$4.12$1.46$1.85$0.40
2016Detailed filing. Detailed filing data is available for this year.$8.80$4.29$4.52$1.73$2.06$0.33
2014Detailed filing. Detailed filing data is available for this year.$8.14$3.10$5.04$1.39$1.64$0.25
2013Summary only. Only limited summary data is available for this year.$7.37$2.08$5.29$0.86$0.81$0.05
2012Summary only. Only limited summary data is available for this year.$6.99$1.75$5.24$0.18$0.92$0.74
2011Summary only. Only limited summary data is available for this year.$7.45$1.47$5.99$0.60$0.48$0.13