Civic Intelligence

Virtual Ability Inc.

990 • Fiscal year 2015 • EIN 26-0613580

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

2220 So Fraser St 1Aurora, CO 80014

(303) 337-6804

Siviq Scores

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

Liabilities / Assets

71st percentile

0.05x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

0.01x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

76th percentile

$2,830

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

98th percentile

618%

Faster asset growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$54,331

Up $46,768 (+618%) from 2014

Net Assets

Up

$51,790

Up $45,508 (+724%) from 2014

Liabilities

Up

$2,541

Up $1,260 (+98%) from 2014

Revenue

Up

$286,385

Up $37,341 (+15%) from 2014

Expenses

Down

$240,877

Down $22,471 (-8.5%) from 2014

Net Income

Up

$45,508

Up $59,812 (+418%) from 2014

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2010: $35,916Net Assets 2010: $35,9162010Assets 2011: $30,140Net Assets 2011: $30,1402011Assets 2012: $21,683Net Assets 2012: $21,6832012Assets 2013: $20,316Net Assets 2013: $20,3162013Assets 2014: $7,563Liabilities 2014: $1,281Net Assets 2014: $6,2822014Assets 2015: $54,331Liabilities 2015: $2,541Net Assets 2015: $51,7902015Assets 2016: $57,674Net Assets 2016: $57,6742016Assets 2019: $25,328Net Assets 2019: $25,3282019Assets 2020: $71,228Net Assets 2020: $71,2282020Assets 2021: $21,863Net Assets 2021: $21,8632021Assets 2022: $27,733Net Assets 2022: $27,7332022Assets 2023: $28,898Net Assets 2023: $28,8982023Assets 2024: $36,376Net Assets 2024: $36,3762024

Highlighted filing

2015

Assets$54,331
Liabilities$2,541
Net Assets$51,790

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $99,299Expenses 2010: $76,156Net Income 2010: $23,1432010Revenue 2011: $71,592Expenses 2011: $77,368Net Income 2011: -$5,7762011Revenue 2012: $17,238Expenses 2012: $26,988Net Income 2012: -$9,7502012Revenue 2013: $92,089Expenses 2013: $93,456Net Income 2013: -$1,3672013Revenue 2014: $249,044Expenses 2014: $263,348Net Income 2014: -$14,3042014Revenue 2015: $286,385Expenses 2015: $240,877Net Income 2015: $45,5082015Revenue 2016: $182,829Expenses 2016: $185,960Net Income 2016: -$3,1312016Revenue 2019: $62,677Expenses 2019: $59,513Net Income 2019: $3,1642019Revenue 2020: $62,108Expenses 2020: $16,208Net Income 2020: $45,9002020Revenue 2021: $6,184Expenses 2021: $56,114Net Income 2021: -$49,9302021Revenue 2022: $6,087Expenses 2022: $1,405Net Income 2022: $4,6822022Revenue 2023: $4,796Expenses 2023: $2,097Net Income 2023: $2,6992023Revenue 2024: $7,714Expenses 2024: $1,235Net Income 2024: $6,4792024

Highlighted filing

2015

Revenue$286,385
Expenses$240,877
Net Income$45,508
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.1
Gross Receipts
$286,385
Mission and Program Overview

Mission

Enable people with disabilities

Enable people with a wide range of disabilities by providing a supporting environment for them to enter and thrive in virtual worlds

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,914$52,600▲ $47,686
Land, Buildings, and Equipment, Net$2,649$1,731▼ $918
Total Assets$7,563$54,331▲ $46,768
Liabilities
Accounts Payable and Accrued Expenses$1,281$2,541▲ $1,260
Total Liabilities$1,281$2,541▲ $1,260
Net Assets / Fund Balance
Unrestricted Net Assets$6,282$51,790▲ $45,508
Total Net Assets Fund Balance$6,282$51,790▲ $45,508
Total Liabilities and Net Assets / Fund Balance$7,563$54,331▲ $46,768

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$400$15,959$16,359
Equipment$1,331$3,105$4,436
Compensation and Service Providers

Employees

NameTitleBaseTotal
Marilyn R BurnsideTreasurer$2,830$2,830

Board Members and Trustees

NameTitle
Dave LudwigVice President
Dick DillonBoard Member
Alice KruegerExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,842
Program Service Revenue
$284,543
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,842
Change in Net Assets
$45,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$147,245
Other Expenses$93,632
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$137,000$0$0$137,000
Information Technology$44,104$0$0$44,104
Payroll Taxes$10,245$0$0$10,245
Travel$7,039$0$0$7,039
Fees for Services Accounting$3,155$0$0$3,155
Insurance$2,887$0$0$2,887
Office Expenses$1,800$0$0$1,800
Depreciation Depletion$918$0$0$918
Other Expenses$50$0$0$50
Total Functional Expenses$240,877$0$0$240,877
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Filing and Contact Details

Filer

Filer Name
Virtual Ability Inc
EIN
26-0613580
Phone
3033376804
Address
2220 So Fraser St 1, Aurora, CO 80014

Signing Officer

Name
Marilyn R Burnside
Title
Treasurer
Phone
3033376804
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marilyn R Burnside
Formed
2007
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
5

Preparer

Firm
Marilyn R Burnside LLC
Address
2220 S FRASER ST UNIT 1, AURORA, CO 80014-4508
Preparer
Marilyn R Burnside
Phone
3033376804
Supplemental Narrative

Additional Explanations

Pt IV

Part IV; Line 11a - Computers, Software and Trademark

Pt VI, Line 11B

Board review of Form 990

Pt VI, Line 12C

Monitor Conflict of Interest Policy

Pt VI, Line 15A

Industry surveys and trends compared for reasonability

Pt VI, Line 15B

Industry surveys and trends compared for reasonabilitty

Form 990EZ, Part I, Line 16

Bank Charges

Form 990EZ, Part I, Line 16

Conference

Form 990EZ, Part I, Line 16

Insurance

Form 990EZ, Part I, Line 16

Miscellaneous

Form 990EZ, Part I, Line 16

Travel

Form 990EZ, Part I, Line 16

Web Services

Form 990, Part III, Line 4D

Demonstrate virtual world capability to diagnose and 0. 0. 84575.

Form 990, Part III, Line 4D

Mixed methods research project to document health care 0. 0. 78874.

Form 990, Part III, Line 4D

Using Avatars in the virtual world to assist amputees 0. 0. 108376.

Form 990, Part III, Line 4D

Other Projects 47500. 0. 14560.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Part IV; Line 11a - Computers, Software and Trademark
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board review of Form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Monitor Conflict of Interest Policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Industry surveys and trends compared for reasonability
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Industry surveys and trends compared for reasonabilitty
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank Charges
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Conference
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Miscellaneous
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Travel
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Web Services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Demonstrate virtual world capability to diagnose and 0. 0. 84575.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Mixed methods research project to document health care 0. 0. 78874.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Using Avatars in the virtual world to assist amputees 0. 0. 108376.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Other Projects 47500. 0. 14560.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part III, Line 4d
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07563
IRS990/TotalAssetsEOYAmt054331
IRS990/TotalAssetsGrp/BOYAmt07563
IRS990/TotalAssetsGrp/EOYAmt054331
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01842
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0240877
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240877
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01281
IRS990/TotalLiabilitiesEOYAmt02541
IRS990/TotalLiabilitiesGrp/BOYAmt01281
IRS990/TotalLiabilitiesGrp/EOYAmt02541
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06282
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt051790
IRS990/TotalOtherProgSrvcExpenseAmt047500
IRS990/TotalOtherProgSrvcRevenueAmt0286385
IRS990/TotalProgramServiceExpensesAmt0240877
IRS990/TotalProgramServiceRevenueAmt0284543
IRS990/TotalReportableCompFromOrgAmt02830
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0284543
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0286385
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt054331
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt07039
IRS990/TravelGrp/TotalAmt07039
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06282
IRS990/UnrestrictedNetAssetsGrp/EOYAmt051790
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02220 So Fraser St 1
IRS990/USAddress/CityNm0Aurora
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080014
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARILYN R BURNSIDE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03033376804
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Virtual Ability Inc
ReturnHeader/Filer/BusinessNameControlTxt0VIRT
ReturnHeader/Filer/EIN0260613580
ReturnHeader/Filer/PhoneNum03033376804
ReturnHeader/Filer/USAddress/AddressLine1Txt02220 So Fraser St 1
ReturnHeader/Filer/USAddress/CityNm0Aurora
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080014
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARILYN R BURNSIDE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02220 S FRASER ST UNIT 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AURORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0800144508
ReturnHeader/PreparerPersonGrp/PhoneNum03033376804
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARILYN R BURNSIDE
ReturnHeader/ReturnTs02016-08-15T17:10:38-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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