Civic Intelligence

Close Up Foundation

990 • Fiscal year 2015 • EIN 23-7122882

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 07, 2016

1330 Braddock Place No 400Alexandria, VA 22314

(703) 706-3300

Siviq Scores

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

Liabilities / Assets

71st percentile

0.52x

Higher debt load relative to assets than 71% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

32nd percentile

0.17x

Higher debt load relative to revenue than 32% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

47th percentile

3.0%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

12th percentile

-6.3%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

65th percentile

9.5%

Faster revenue growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Down

$9,373,256

Down $634,437 (-6.3%) from 2014

Net Assets

Up

$4,495,792

Up $759,270 (+20%) from 2014

Liabilities

Down

$4,877,464

Down $1,393,707 (-22%) from 2014

Revenue

Up

$28,706,197

Up $2,486,265 (+9.5%) from 2014

Expenses

Up

$27,846,081

Up $1,682,325 (+6.4%) from 2014

Net Income

Up

$860,116

Up $803,940 (+1431%) 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: $10,145,642Liabilities 2011: $6,344,171Net Assets 2011: $3,801,4712011Assets 2012: $11,665,588Liabilities 2012: $8,506,646Net Assets 2012: $3,158,9422012Assets 2013: $9,614,360Liabilities 2013: $5,934,860Net Assets 2013: $3,679,5002013Assets 2014: $10,007,693Liabilities 2014: $6,271,171Net Assets 2014: $3,736,5222014Assets 2015: $9,373,256Liabilities 2015: $4,877,464Net Assets 2015: $4,495,7922015Assets 2016: $11,323,317Liabilities 2016: $6,338,477Net Assets 2016: $4,984,8402016Assets 2017: $12,725,298Liabilities 2017: $6,174,551Net Assets 2017: $6,550,7472017Assets 2018: $14,528,046Liabilities 2018: $7,517,470Net Assets 2018: $7,010,5762018Assets 2019: $14,448,466Liabilities 2019: $6,981,393Net Assets 2019: $7,467,0732019Assets 2020: $14,709,992Liabilities 2020: $10,668,399Net Assets 2020: $4,041,5932020Assets 2021: $10,857,588Liabilities 2021: $6,213,487Net Assets 2021: $4,644,1012021Assets 2022: $14,345,080Liabilities 2022: $9,403,953Net Assets 2022: $4,941,1272022

Highlighted filing

2015

Assets$9,373,256
Liabilities$4,877,464
Net Assets$4,495,792

Operations Trend

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

$40M$20M$0-$20MExpenses 2011: $26,960,0442011Expenses 2012: $27,117,1052012Expenses 2013: $28,562,9652013Revenue 2014: $26,219,932Expenses 2014: $26,163,756Net Income 2014: $56,1762014Revenue 2015: $28,706,197Expenses 2015: $27,846,081Net Income 2015: $860,1162015Revenue 2016: $30,641,308Expenses 2016: $30,154,855Net Income 2016: $486,4532016Revenue 2017: $37,063,197Expenses 2017: $35,480,917Net Income 2017: $1,582,2802017Revenue 2018: $35,003,040Expenses 2018: $34,540,584Net Income 2018: $462,4562018Revenue 2019: $37,984,319Expenses 2019: $37,822,063Net Income 2019: $162,2562019Revenue 2020: $17,555,025Expenses 2020: $21,166,547Net Income 2020: -$3,611,5222020Revenue 2021: $7,554,330Expenses 2021: $7,838,612Net Income 2021: -$284,2822021Revenue 2022: $29,947,664Expenses 2022: $27,685,877Net Income 2022: $2,261,7872022

Highlighted filing

2015

Revenue$28,706,197
Expenses$27,846,081
Net Income$860,116
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 7, 2016
Return Version
2014v6.0
Gross Receipts
$28,706,197
Mission and Program Overview

Mission

The close up foundation is a nonprofit, nonpartisan citizenship education organization that works to promote responsible and informed participation in the democratic process through educational programs for middle and high school students and teachers.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,395,416$5,183,811▼ $211,605
Land, Buildings, and Equipment, Net$2,173,823$1,799,381▼ $374,442
Accounts Receivable$979,797$744,360▼ $235,437
Investments in Publicly Traded Securities$95,032$557,695▲ $462,663
Pledges and Grants Receivable$429,182$309,000▼ $120,182
Prepaid Expenses and Deferred Charges$393,318$237,887▼ $155,431
Inventories for Sale or Use$120,531$118,585▼ $1,946
Cash and Non-Interest-Bearing Accounts$19,265$8,818▼ $10,447
Total Assets$10,007,693$9,373,256▼ $634,437
Other Assets Total$401,329$413,719▲ $12,390
Liabilities
Accounts Payable and Accrued Expenses$4,454,463$3,072,114▼ $1,382,349
Other Liabilities$998,609$909,880▼ $88,729
Deferred Revenue$818,099$895,470▲ $77,371
Total Liabilities$6,271,171$4,877,464▼ $1,393,707
Net Assets / Fund Balance
Unrestricted Net Assets$2,067,611$3,045,019▲ $977,408
Temporarily Rstr Net Assets$1,504,286$1,286,148▼ $218,138
Permanently Rstr Net Assets$164,625$164,625→ $0
Total Net Assets Fund Balance$3,736,522$4,495,792▲ $759,270
Total Liabilities and Net Assets / Fund Balance$10,007,693$9,373,256▼ $634,437

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,390,150$882,932$2,273,082
Leasehold Improvements$409,231$283,314$692,545
Equipment$0$4,400$4,400

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$164,625-▲ $2,300-$164,625
2013$164,625-▲ $2,313-$164,625
2012$164,625-▲ $2,202-$164,625
2011$164,625-▲ $2,511-$164,625
2010$164,823-▲ $1,105-$164,625
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy DavisPresident & CEOFT$197,858$5,627$203,485
John BrittonGeneral CounselFT$160,916$12,101$173,017
Justin AndersenVP, Sales & Program ServicesFT$111,280$50,986$162,266
Jodi MitevaDirector, Marketing & ItFT$106,300$50,896$157,196
Eric AdydanChief Operating OfficerFT$131,900$5,198$137,098
Rachel TalbertVP,program & CurriculumFT$114,686$5,100$119,786
Mia CharityVP, DevelopmentFT$111,543$5,100$116,643
Stephanie StargellChief Financial OfficerFT$112,645$1,952$114,597
Sara EmhofSr. Sales RepresentativeFT$107,320$5,781$113,101
Shannon AhrensDirector, SalesFT$101,903$5,962$107,865

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Quicks Bus CompanyTransportation2309 POPLAR STREET, Staunton, VA 24401$415,294
Bonaventure Management INCTransportation135 DIVISION AVENUE, West Sayville, NY 11795$375,568
Dc Trails INCTransportationPO BOX 1508, Lorton, VA 22199$298,125
Lw Transportation INCTransportation4600 SUTTON OAKS DRIVE, Chantilly, VA 20151$281,222
Maryland Coach INCTransportation1306 FAIRFIELD DRIVE, Forestville, MD 20747$254,307
Revenue and Support

Revenue Composition

Contributions and Grants
$3,330,448
Program Service Revenue
$25,287,913
Investment Income
$11,998
Other Revenue
$75,838
All Other Contributions
$1,982,746
Change in Net Assets
$860,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,706,197
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-846
Total Revenue per Audited Statements
$28,705,351
Total Revenue per Form 990
$28,706,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,574,379
Salaries, Compensation, and Employee Benefits$6,175,378
Total Fundraising Expense$632,167
Grants and Similar Amounts Paid$96,324
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$7,847,982$16,877$47,796$7,912,655
Other Salaries and Wages$3,307,297$1,102,406$126,412$4,536,115
All Other Expenses$853,709$424,593$34,308$1,312,610
Current Officers, Directors, Trustees, and Key Employees$363,305$382,763$218,752$964,820
Advertising$648,124$20,322$11,370$679,816
Other Expenses$653,766$15$1,061$654,842
Fees for Services Other$134,255$372,627$100,438$607,320
Insurance$14,015$414,179-$428,194
Payroll Taxes-$414,435-$414,435
Depreciation Depletion-$391,620-$391,620
Occupancy$323,940$35,399$21,707$381,046
Other Employee Benefits$647,888$-448,653$60,773$260,008
Office Expenses$90,713$86,893$3,793$181,399
Grants to Domestic Orgs$96,324--$96,324
Conferences and Meetings$57,767$2,562$4,978$65,307
Fees for Services Accounting-$50,000-$50,000
Fees for Services Legal-$396-$396
Total Functional Expenses$23,947,452$3,266,462$632,167$27,846,081

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$27,846,081
Total Expenses per Audited Statements$27,846,081
Total Expenses per Form 990$27,846,081
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Miami Dade School Public SchoolsMiami, FL501(c)(3)Fund Mentoring Program in Various School Systems Across United States$51,142
Dove Science AcademyTulsa, OK501(c)(3)Fund Mentoring Program in Various School Systems Across United States$18,210
Landry Walker High SchoolNew Orleans, LA501(c)(3)Fund Mentoring Program in Various School Systems Across United States$13,262
Eastern High SchoolWashington, DC501(c)(3)Fund Mentoring Program in Various School Systems Across United States$8,239
Providence Met High SchoolProvidence, RI501(c)(3)Fund Mentoring Program in Various School Systems Across United States$5,471
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rental Abatement$909,880
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section B, Line 11

The 990 was prepared by the outside accountants and reviewed by the general counsel, cfo and ceo. It was then forwarded to the finance committee for further review. The final draft was sent to the full board prior to filing with the irs.

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

Close up foundation's conflict of interest policy is outlined in detail by the foundation's bylaws and included in the employee handbook. According to its policy, each director and officer is required to annually disclose any potential conflicts and sign the affirmation of duty to disclose. Upon the identification of a conflict of interest, the board addresses each situation based on its merits as it arises.

Form 990, Part VI, Section B, Line 15

As per the written employment contract, dated 6/20/05 and most recently renewed 9/26/2014, the compensation of the executive officer is prescribed by the board of directors. For the current year's review, the board obtained a study of officer compensation that was used in evaluating the appropriate compensation level for the executive director. The last compensation review for the executive director took place in june 2015. The officer study referred to above was also used to evaluate compensation for the entire senior staff. The board decisions regarding the compensation for the executive director and the senior staff were documented.

Form 990, Part VI, Section C, Line 19

The organization makes its bylaws, conflict of interest policy, and financial statements, including form 990, available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Close Up Foundation
EIN
23-7122882
Phone
7037063300
Address
1330 BRADDOCK PLACE NO 400, ALEXANDRIA, VA 22314

Signing Officer

Name
Timothy Davis
Title
President and CEO
Phone
7037063300
Signed
2016-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Davis
Formed
1971
Legal Domicile
Dc
Voting Board Members
18
Independent Board Members
17
Employees
225
Volunteers
17

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Phone
3019519090
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prior year restricted grants rescinded -100,000.

Financial Statement Notes

PART V, LINE 4:

The investment income is restricted to provide fellowship awards to teachers and students.

PART X, LINE 2:

For the year ended june 30, 2015, the foundation has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements. The federal form 990, return of organization exempt from income tax, is subject to examination by the internal revenue service, generally for three years after it is filed.

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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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IRS990/ActivityOrMissionDesc0SEE PART III, LINE 1.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt265781
IRS990/Form990PartVIISectionAGrp/PersonNm0TIMOTHY DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOEL JANKOWSKY
IRS990/Form990PartVIISectionAGrp/PersonNm2E IVAN ZAPIEN
IRS990/Form990PartVIISectionAGrp/PersonNm3BRUCE W JENTLESON
IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH BACARDI
IRS990/Form990PartVIISectionAGrp/PersonNm5ERIC ROSENFELD
IRS990/Form990PartVIISectionAGrp/PersonNm6FRANK C DAMRELL JR
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES C DINEGAR
IRS990/Form990PartVIISectionAGrp/PersonNm8JANET HALE
IRS990/Form990PartVIISectionAGrp/PersonNm9JOHN E SUNUNU
IRS990/Form990PartVIISectionAGrp/PersonNm10LINDA E MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm11MARGERY KRAUS
IRS990/Form990PartVIISectionAGrp/PersonNm12TOD COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm13WILSON K PIPESTEM
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm15PETER CHERUKURI
IRS990/Form990PartVIISectionAGrp/PersonNm16CHRISTOPHER J GOODE
IRS990/Form990PartVIISectionAGrp/PersonNm17RYAN THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm18ERIC ADYDAN
IRS990/Form990PartVIISectionAGrp/PersonNm19STEPHANIE STARGELL
IRS990/Form990PartVIISectionAGrp/PersonNm20MIA CHARITY
IRS990/Form990PartVIISectionAGrp/PersonNm21RACHEL TALBERT
IRS990/Form990PartVIISectionAGrp/PersonNm22JUSTIN ANDERSEN
IRS990/Form990PartVIISectionAGrp/PersonNm23JODI MITEVA
IRS990/Form990PartVIISectionAGrp/PersonNm24SHANNON AHRENS
IRS990/Form990PartVIISectionAGrp/PersonNm25JOHN BRITTON
IRS990/Form990PartVIISectionAGrp/PersonNm26SARA EMHOF
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP, DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP,PROGRAM & CURRICULUM
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP, SALES & PROGRAM SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR, MARKETING & IT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR, SALES
IRS990/Form990PartVIISectionAGrp/TitleTxt25GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt26SR. SALES REPRESENTATIVE
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE CLOSE UP FOUNDATION IS A NONPROFIT, NONPARTISAN CITIZENSHIP EDUCATION ORGANIZATION THAT WORKS TO PROMOTE RESPONSIBLE AND INFORMED PARTICIPATION IN THE DEMOCRATIC PROCESS THROUGH EDUCATIONAL PROGRAMS FOR MIDDLE AND HIGH SCHOOL STUDENTS AND TEACHERS.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0647888
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0260008
IRS990/OtherExpensesGrp/Desc0PROGRAM LODGING
IRS990/OtherExpensesGrp/Desc1PROGRAM MEALS

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $25M-$50M nonprofits