Civic Intelligence

Vip Education Fund

990 • Fiscal year 2015 • EIN 27-0328874

Jul 01, 2014 to Jun 30, 2015 • Filed on May 09, 2016

2728 E Thomas RoadPhoenix, AZ 85016

(602) 248-0607

Siviq Scores

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

Liabilities / Assets

87th percentile

0.40x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

88th percentile

0.26x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

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

Asset Growth

96th percentile

256%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

98th percentile

394%

Faster revenue growth than 98% of similar nonprofits.

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

Assets

Up

$143,024

Up $102,832 (+256%) from 2014

Net Assets

Up

$85,603

Up $57,911 (+209%) from 2014

Liabilities

Up

$57,421

Up $44,921 (+359%) from 2014

Revenue

Up

$219,566

Up $175,086 (+394%) from 2014

Expenses

Up

$161,655

Up $110,786 (+218%) from 2014

Net Income

Up

$57,911

Up $64,300 (+1006%) from 2014

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $107,515Liabilities 2012: $24,711Net Assets 2012: $82,8042012Assets 2013: $47,200Liabilities 2013: $13,119Net Assets 2013: $34,0812013Assets 2014: $40,192Liabilities 2014: $12,500Net Assets 2014: $27,6922014Assets 2015: $143,024Liabilities 2015: $57,421Net Assets 2015: $85,6032015Assets 2016: $66,782Liabilities 2016: $22,000Net Assets 2016: $44,7822016Assets 2017: $139,833Liabilities 2017: $32,667Net Assets 2017: $107,1662017Assets 2018: $260,152Liabilities 2018: $55,482Net Assets 2018: $204,6702018Assets 2019: $131,495Liabilities 2019: $275Net Assets 2019: $131,2202019Assets 2020: $52,081Liabilities 2020: $32,090Net Assets 2020: $19,9912020Assets 2021: $37,171Liabilities 2021: $33,065Net Assets 2021: $4,1062021Assets 2022: $42,848Liabilities 2022: $18,447Net Assets 2022: $24,4012022Assets 2023: $70,306Liabilities 2023: $1,694Net Assets 2023: $68,6122023Assets 2024: $122,553Liabilities 2024: $93,603Net Assets 2024: $28,9502024

Highlighted filing

2015

Assets$143,024
Liabilities$57,421
Net Assets$85,603

Operations Trend

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

$400K$200K$0-$200KRevenue 2012: $163,033Expenses 2012: $142,939Net Income 2012: $20,0942012Revenue 2013: $114,571Expenses 2013: $163,294Net Income 2013: -$48,7232013Revenue 2014: $44,480Expenses 2014: $50,869Net Income 2014: -$6,3892014Revenue 2015: $219,566Expenses 2015: $161,655Net Income 2015: $57,9112015Revenue 2016: $106,766Expenses 2016: $147,587Net Income 2016: -$40,8212016Revenue 2017: $185,983Expenses 2017: $123,599Net Income 2017: $62,3842017Revenue 2018: $382,932Expenses 2018: $285,428Net Income 2018: $97,5042018Revenue 2019: $92,925Expenses 2019: $174,709Net Income 2019: -$81,7842019Revenue 2020: $122,351Expenses 2020: $193,581Net Income 2020: -$71,2302020Revenue 2021: $115,037Expenses 2021: $130,922Net Income 2021: -$15,8852021Revenue 2022: $135,232Expenses 2022: $80,271Net Income 2022: $54,9612022Revenue 2023: $86,931Expenses 2023: $42,720Net Income 2023: $44,2112023Revenue 2024: $146,706Expenses 2024: $147,369Net Income 2024: -$6632024

Highlighted filing

2015

Revenue$219,566
Expenses$161,655
Net Income$57,911
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 9, 2016
Return Version
2014v6.0
Gross Receipts
$219,566
Mission and Program Overview

Mission

VIP EF is a nonprofit Arizona Corporation whose mission is to provide education for citizens on aspects of effective leadership as well as participation in public forums and civic organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,180$134,354▲ $98,174
Prepaid Expenses and Deferred Charges$2,214$3,464▲ $1,250
Savings and Temporary Cash Investments-$3,000-
Land, Buildings, and Equipment, Net$1,798$1,258▼ $540
Investments in Publicly Traded Securities-$948-
Total Assets$40,192$143,024▲ $102,832
Liabilities
Accounts Payable and Accrued Expenses-$57,421-
Other Liabilities$12,500--
Total Liabilities$12,500$57,421▲ $44,921
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$75,004-
Unrestricted Net Assets$27,692$10,599▼ $17,093
Total Net Assets Fund Balance$27,692$85,603▲ $57,911
Total Liabilities and Net Assets / Fund Balance$40,192$143,024▲ $102,832

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,258$1,440$2,698
Compensation and Service Providers

Board Members and Trustees

NameTitle
Monica DorceyPresident
William MooreVice-President
Rev Glenn B JenksDirector
Joe RubioExecutive Director
Ray NicholsonSecretary-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$219,566
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$219,566
Change in Net Assets
$57,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,833
Grants and Similar Amounts Paid$36,307
Salaries, Compensation, and Employee Benefits$19,515
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$36,307--$36,307
Other Salaries and Wages$19,515--$19,515
Fees for Services Other$15,000--$15,000
Occupancy-$13,463-$13,463
Fees for Services Accounting-$5,150-$5,150
Other Expenses$62,000$4,247-$4,247
Travel$4,079--$4,079
Insurance-$1,242-$1,242
Depreciation Depletion-$540-$540
All Other Expenses-$17-$17
Total Functional Expenses$136,901$24,754$0$161,655
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Valley Interfaith ProjectPhoenix, AZ501c4Defray costs incurred for VIP EF$36,307
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
Funds held for affiliated entities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Other officer compensation reviewed
No
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 governing body review Part VI line 11

The Board of Directors will review the 990 prior to its submission to the IRS.

Conflict of interest policy compliance Part VI line 12C

VIPEF has adopted a conflict of interest policy. Conflicts are evaluated by the Board of Directors on an annual basis.

Governing documents etc available to public Part VI line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
VIP Education Fund
EIN
27-0328874
Address
2728 E Thomas Road, Phoenix, AZ 85016

Signing Officer

Name
Monica Dorcey
Title
President
Phone
6022480607
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica Dorcey
Formed
2009
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
75

Preparer

Firm
Jennifer J Phillips CPA PLLC
Address
5151 E Broadway Blvd Ste 1600, Tucson, AZ 85711
Preparer
Jennifer J Phillips
Phone
5202477087
Supplemental Narrative

Additional Explanations

General explanation attachment

Part III line 28 continued: This training includes relationship building, developing organization ability, planning and implementing development strategies, conducting research and group problem solving. VIP EF initiates and creates materials for training and education of citizens, enabling them to manage programs for improvement of their lifestyles, the betterment of their communities, and shaping of public life.Recent Highlights 2014-2015 Civic Academies and forums. VIP Education Fund leaders conducted over 50 civic academies in member institutions, teaching about the states broken budget and economy and its impacts on education funding, health care, immigration, workforce training, and the incarceration system. These sessions were taught by VIPEF leaders and included public officials as guests. Over 1,700 institutional leaders attended.Workforce Development. VIPEFS workforce action team brought together the latest findings for workforce trends and hiring to integrate into training options for low-income families to enter career training at Maricopa Community Colleges. This team conducts educational sessions for local institutions about labor market trends and in-demand occupations. Immigrant Integration. VIP Education Fund leaders have continued to be supportive of efforts to obtain comprehensive immigration reform as a way to support the preservation of immigrant families dignity and unity. Leadership Academies train institutional leaders to reach into their communities and help families with a training content that is regularly revised as local circumstances dictate. These sessions helped families to understand the deferred action options for children and their parents. Healthcare. VIPEF leaders held civic academies to promote a wide understanding of changes to health care policy, including Medicaid expansion and the insurance marketplace and the states capacity to reinstate KidsCare enrollment. Leadership Training. VIP Education Fund held five leadership retreats for leaders during the fall of 2014 and the spring of 2015. New and experienced leaders learned the skills of institutional organizing and developed strategies for working on key issues in their regions.

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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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0VIPEF does not typically make grants or contributions to other organizations. This was a one-time contribution to an affiliated organization (Valley Interfaith Project) to defray costs incurred by the affiliated organizations on behalf of VIPEF in previous years. The contribution was based on underlying supporting documentation of costs incurred.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VIPEF has adopted a conflict of interest policy. Conflicts are evaluated by the Board of Directors on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part III line 28 continued: This training includes relationship building, developing organization ability, planning and implementing development strategies, conducting research and group problem solving. VIP EF initiates and creates materials for training and education of citizens, enabling them to manage programs for improvement of their lifestyles, the betterment of their communities, and shaping of public life.Recent Highlights 2014-2015 Civic Academies and forums. VIP Education Fund leaders conducted over 50 civic academies in member institutions, teaching about the states broken budget and economy and its impacts on education funding, health care, immigration, workforce training, and the incarceration system. These sessions were taught by VIPEF leaders and included public officials as guests. Over 1,700 institutional leaders attended.Workforce Development. VIPEFS workforce action team brought together the latest findings for workforce trends and hiring to integrate into training options for low-income families to enter career training at Maricopa Community Colleges. This team conducts educational sessions for local institutions about labor market trends and in-demand occupations. Immigrant Integration. VIP Education Fund leaders have continued to be supportive of efforts to obtain comprehensive immigration reform as a way to support the preservation of immigrant families dignity and unity. Leadership Academies train institutional leaders to reach into their communities and help families with a training content that is regularly revised as local circumstances dictate. These sessions helped families to understand the deferred action options for children and their parents. Healthcare. VIPEF leaders held civic academies to promote a wide understanding of changes to health care policy, including Medicaid expansion and the insurance marketplace and the states capacity to reinstate KidsCare enrollment. Leadership Training. VIP Education Fund held five leadership retreats for leaders during the fall of 2014 and the spring of 2015. New and experienced leaders learned the skills of institutional organizing and developed strategies for working on key issues in their regions.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3General explanation attachment
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ReturnHeader/BusinessOfficerGrp/PersonNm0Monica Dorcey
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.23$0.94$0.29$1.47$1.47$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.02$0.69$0.87$0.43$0.44
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.18$0.24$1.35$0.80$0.55
2021Detailed filing. Detailed filing data is available for this year.$0.37$0.33$0.04$1.15$1.31$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.32$0.20$1.22$1.94$0.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.93$1.75$0.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.55$2.05$3.83$2.85$0.98
2017Detailed filing. Detailed filing data is available for this year.$1.40$0.33$1.07$1.86$1.24$0.62
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.22$0.45$1.07$1.48$0.41
2015Detailed filing. Detailed filing data is available for this year.$1.43$0.57$0.86$2.20$1.62$0.58
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.13$0.28$0.44$0.51$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.13$0.34$1.15$1.63$0.49
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.25$0.83$1.63$1.43$0.20