Civic Intelligence

Vctc Inc

990 • Fiscal year 2024 • EIN 27-3148921

Aug 01, 2023 to Jul 31, 2024 • Filed on Dec 03, 2024

Organization Profile
PO Box 56Volga, IA 52077

(319) 509-0308

Siviq Scores

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

Liabilities / Assets

87th percentile

0.36x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

1.26x

Higher debt load relative to revenue than 96% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

11th percentile

-41%

Higher net margin than 11% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

9th percentile

-59%

Faster asset growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-78%

Faster revenue growth than 5% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$165,320

Down $237,080 (-59%) from 2023

Net Assets

Down

$106,031

Down $230,009 (-68%) from 2023

Liabilities

Down

$59,289

Down $7,071 (-11%) from 2023

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin11th percentile

Revenue

Down

$47,148

Down $168,480 (-78%) from 2023

Expenses

Down

$66,514

Down $7,027 (-9.6%) from 2023

Net Income

Down

-$19,366

Down $161,453 (-114%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$600K$400K$200K$0Assets 2017: $173,023Liabilities 2017: $111,294Net Assets 2017: $61,7292017Assets 2021: $224,081Liabilities 2021: $75,105Net Assets 2021: $148,9762021Assets 2022: $248,884Liabilities 2022: $63,665Net Assets 2022: $185,2192022Assets 2023: $402,400Liabilities 2023: $66,360Net Assets 2023: $336,0402023Assets 2024: $165,320Liabilities 2024: $59,289Net Assets 2024: $106,0312024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2024

Assets$165,320
Liabilities$59,289
Net Assets$106,031
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

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

$300K$200K$100K$0-$100KRevenue 2017: $62,723Expenses 2017: $39,570Net Income 2017: $23,1532017Revenue 2021: $70,895Expenses 2021: $55,950Net Income 2021: $14,9452021Revenue 2022: $100,966Expenses 2022: $73,974Net Income 2022: $26,9922022Revenue 2023: $215,628Expenses 2023: $73,541Net Income 2023: $142,0872023Revenue 2024: $47,148Expenses 2024: $66,514Net Income 2024: -$19,3662024Revenue 2025: $47,171Expenses 2025: $51,791Net Income 2025: -$4,6202025

Highlighted filing

2024

Revenue$47,148
Expenses$66,514
Net Income-$19,366
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Dec 3, 2024
Return Version
2023v5.1
Gross Receipts
$84,843
Mission and Program Overview

Mission

Maintain Volga City Opera House

to provide community based entertainment and furnishing of facilties by renovation of the Volga City opera house

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$373,485$162,001▼ $211,484
Inventories for Sale or Use$5,705--
Cash and Non-Interest-Bearing Accounts$22,192$2,349▼ $19,843
Savings and Temporary Cash Investments$1,018$970▼ $48
Total Assets$402,400$165,320▼ $237,080
Liabilities
Mortgage Notes Payable Secured by Investment Property$66,360$59,289▼ $7,071
Total Liabilities$66,360$59,289▼ $7,071
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$336,040$106,031▼ $230,009
Total Net Assets Fund Balance$336,040$106,031▼ $230,009
Total Liabilities and Net Assets / Fund Balance$402,400$165,320▼ $237,080

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$200,000--
Other Land Buildings$-80,673--
Land$20,000--
Leasehold Improvements$22,674--
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Thomas LottPresident
Thomas KlingmanSecretaryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,892
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$4,254
All Other Contributions
$45
Change in Net Assets
$-19,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,514
Total Fundraising Expense$28,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$10,929-$14,595$14,595
Occupancy$10,929--$10,929
Advertising--$6,742$6,742
Insurance$4,872--$4,872
Interest$3,529--$3,529
Depreciation Depletion$3,354--$3,354
Office Expenses$2,032--$2,032
Fees for Services Accounting$400--$400
Fees for Services Legal$180--$180
All Other Expenses$164--$164
Fees for Services Other$164--$164
Total Functional Expenses$38,435$0$28,079$66,514
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Truck Cruise----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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
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

Members or stockholder classes and rights Part VI line 6

“members can vote on board of directors.”

Form 990 governing body review Part VI line 11

“the governing body reviews the 990 prior to submission”

Conflict of interest policy compliance Part VI line 12C

“all memmbers review and execute conflict of interest policy yearly”

Form 990 availability to public Part VI line 18

“organization provides requested documents upon request. As the orgnaization has no day to day office or secure website to provide the same, it is the only method used.”

Governing documents etc available to public Part VI line 19

“available upon request and in some documents cases, via state secertary of state web portal.”

Filing and Contact Details

Filer

Filer Name
VCTC Inc
EIN
27-3148921
Address
PO BOX 56, Volga, IA 52077

Signing Officer

Name
Thomas Klingman
Title
Board Member
Phone
9255484933
Signed
2024-12-03
Discuss with paid preparer
No

Organization Details

Formed
2014
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
15

Preparer

Firm
Dillon Law PC
Address
209 East 1st Street, Sumner, IA 50674
Preparer
Patrick B Dillon
Phone
5635781850
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“inventory on hand not sold and value of improvements to building liabilty of loan increased and buildng devalued”

Part XI response or note to any line in Part XI

“restoration of building cost added as asset”

Raw XML Appendix331 raw XML fields

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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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum09255484933
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VCTC Inc
ReturnHeader/Filer/BusinessNameControlTxt0VCTC
ReturnHeader/Filer/EIN0273148921
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 56
ReturnHeader/Filer/USAddress/CityNm0Volga
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052077
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203251136
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Dillon Law PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0209 East 1st Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sumner
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050674
ReturnHeader/PreparerPersonGrp/PhoneNum05635781850
ReturnHeader/PreparerPersonGrp/PreparationDt02024-12-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick B Dillon
ReturnHeader/ReturnTs02024-12-10T14:28:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$165,320
Liabilities
$59,289
Net assets
$106,031
Revenue
$47,148
Expenses
$66,514
Net income
-$19,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.47$0.52$0.05
2024Detailed filing. Detailed filing data is available for this year.$1.65$0.59$1.06$0.47$0.67$0.19
2023Detailed filing. Detailed filing data is available for this year.$4.02$0.66$3.36$2.16$0.74$1.42
2022Detailed filing. Detailed filing data is available for this year.$2.49$0.64$1.85$1.01$0.74$0.27
2021Detailed filing. Detailed filing data is available for this year.$2.24$0.75$1.49$0.71$0.56$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.73$1.11$0.62$0.63$0.40$0.23