Civic Intelligence

Virginia Technical Institute

990 • Fiscal year 2024 • EIN 27-0338868

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 27, 2024

201 Ogden RdAltavista, VA 24517

(434) 369-8200

Siviq Scores

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

Liabilities / Assets

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.07x

Higher debt load relative to revenue than 48% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

25th percentile

-3.8%

Faster asset growth than 25% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-4.1%

Faster revenue growth than 29% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,029,325

Down $119,130 (-3.8%) from 2023

Net Assets

Down

$2,977,455

Down $93,523 (-3.0%) from 2023

Liabilities

Down

$51,870

Down $25,607 (-33%) from 2023

Revenue

Down

$765,363

Down $32,990 (-4.1%) from 2023

Expenses

Up

$858,886

Up $35,009 (+4.2%) from 2023

Net Income

Down

-$93,523

Down $67,999 (-266%) from 2023

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $3,452,679Liabilities 2014: $225,774Net Assets 2014: $3,226,9052014Assets 2016: $3,306,921Liabilities 2016: $189,027Net Assets 2016: $3,117,8942016Assets 2017: $3,226,231Liabilities 2017: $160,882Net Assets 2017: $3,065,3492017Assets 2018: $3,364,043Liabilities 2018: $172,246Net Assets 2018: $3,191,7972018Assets 2019: $3,420,008Liabilities 2019: $144,312Net Assets 2019: $3,275,6962019Assets 2020: $3,368,287Liabilities 2020: $161,662Net Assets 2020: $3,206,6252020Assets 2021: $3,226,792Liabilities 2021: $142,698Net Assets 2021: $3,084,0942021Assets 2022: $3,192,036Liabilities 2022: $95,534Net Assets 2022: $3,096,5022022Assets 2023: $3,148,455Liabilities 2023: $77,477Net Assets 2023: $3,070,9782023Assets 2024: $3,029,325Liabilities 2024: $51,870Net Assets 2024: $2,977,4552024

Highlighted filing

2024

Assets$3,029,325
Liabilities$51,870
Net Assets$2,977,455

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $687,836Expenses 2014: $653,936Net Income 2014: $33,9002014Revenue 2016: $697,169Expenses 2016: $621,492Net Income 2016: $75,6772016Revenue 2017: $540,651Expenses 2017: $593,196Net Income 2017: -$52,5452017Revenue 2018: $790,374Expenses 2018: $663,926Net Income 2018: $126,4482018Revenue 2019: $834,150Expenses 2019: $750,251Net Income 2019: $83,8992019Revenue 2020: $607,020Expenses 2020: $673,181Net Income 2020: -$66,1612020Revenue 2021: $557,167Expenses 2021: $679,698Net Income 2021: -$122,5312021Revenue 2022: $814,315Expenses 2022: $801,907Net Income 2022: $12,4082022Revenue 2023: $798,353Expenses 2023: $823,877Net Income 2023: -$25,5242023Revenue 2024: $765,363Expenses 2024: $858,886Net Income 2024: -$93,5232024

Highlighted filing

2024

Revenue$765,363
Expenses$858,886
Net Income-$93,523
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 27, 2024
Return Version
2023v5.1
Gross Receipts
$765,363
Mission and Program Overview

Mission

The organizations primary mission is to provide individuals with an opportunity to obtain hands on training in a variety of technical occupations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,844,117$2,711,916▼ $132,201
Cash and Non-Interest-Bearing Accounts$266,545$288,850▲ $22,305
Inventories for Sale or Use$19,478$28,048▲ $8,570
Accounts Receivable$18,315$511▼ $17,804
Total Assets$3,148,455$3,029,325▼ $119,130
Liabilities
Mortgage Notes Payable Secured by Investment Property$56,875--
Other Liabilities$11,958$39,125▲ $27,167
Accounts Payable and Accrued Expenses$8,644$12,745▲ $4,101
Total Liabilities$77,477$51,870▼ $25,607
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,070,978$2,977,455▼ $93,523
Total Net Assets Fund Balance$3,070,978$2,977,455▼ $93,523
Total Liabilities and Net Assets / Fund Balance$3,148,455$3,029,325▼ $119,130

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,605,954--
Other Land Buildings$-2,183,902$2,183,902-
Land$235,000--
Equipment$1,054,864--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roger HillChairman
Dennis JaniakVice Chair
Brian YatesDirector
Dale MooreDirector
Lisa MooreDirector
Tim ClarkDirector
Tony BowlingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$726,653
Investment Income
$2,752
Other Revenue
$35,958
Change in Net Assets
$-93,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$451,199
Other Expenses$407,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$301,583$149,616-$451,199
All Other Expenses$191,845$30,269-$222,114
Depreciation Depletion$133,326--$133,326
Office Expenses-$14,671-$14,671
Insurance-$6,934-$6,934
Advertising$6,184--$6,184
Interest$1,350--$1,350
Other Expenses$1,256$5,427-$1,256
Fees for Services Accounting-$1,200-$1,200
Fees for Services Legal-$250-$250
Total Functional Expenses$650,519$208,367$0$858,886
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
Grants Payable$32,848
Other Liabilities$4,436
Payroll liabiltites$1,841
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

Officer directors etc family relationship Part VI line 2

Board Members, Dale Moore and Lisa Moore, are husband and wife.

Form 990 governing body review Part VI line 11

The organizations Chairperson reviews the Form 990 prior ro filing and, once reviewed, a draft os provided to the members of the Board of Directors.

Conflict of interest policy compliance Part VI line 12C

All affected parties are required to affirm, on an annual basis, compliance with the organizations conflict of interest policies.

CEO executive director top management comp Part VI line 15A

The Executive Directors compensation is subject to review and approval by the Board of Directors.

Other officer or key employee compensation Part VI line 15B

Any key employees compensation is subject to review and approval by the Board of Directors.

Governing documents etc available to public Part VI line 19

The organizations governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Virginia Technical Institute
EIN
27-0338868
Address
201 Ogden Rd, Altavista, VA 24517

Signing Officer

Name
David Sage
Title
Executive Direc
Phone
4343698200
Signed
2024-09-27
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
34

Preparer

Firm
Johnson CPA & Associates PC
Address
104 Homestead Dr Ste A, Forest, VA 24551
Preparer
Bryan Johnson
Phone
4343165214
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

See statement

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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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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board Members, Dale Moore and Lisa Moore, are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organizations Chairperson reviews the Form 990 prior ro filing and, once reviewed, a draft os provided to the members of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All affected parties are required to affirm, on an annual basis, compliance with the organizations conflict of interest policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Directors compensation is subject to review and approval by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Any key employees compensation is subject to review and approval by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organizations governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6See statement
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03148455
IRS990/TotalAssetsEOYAmt03029325
IRS990/TotalAssetsGrp/BOYAmt03148455
IRS990/TotalAssetsGrp/EOYAmt03029325
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0208367
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0650519
IRS990/TotalFunctionalExpensesGrp/TotalAmt0858886
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077477
IRS990/TotalLiabilitiesEOYAmt051870
IRS990/TotalLiabilitiesGrp/BOYAmt077477
IRS990/TotalLiabilitiesGrp/EOYAmt051870
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03070978
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02977455
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0650519
IRS990/TotalProgramServiceRevenueAmt0726653
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0765363
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0765363
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03148455
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03029325
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.govti.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David Sage
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum04343698200
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Virginia Technical Institute
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0270338868
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 Ogden Rd
ReturnHeader/Filer/USAddress/CityNm0Altavista
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024517
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263614539
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Johnson CPA & Associates PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 Homestead Dr Ste A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Forest
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024551
ReturnHeader/PreparerPersonGrp/PhoneNum04343165214
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bryan Johnson
ReturnHeader/ReturnTs02024-10-21T12:40:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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