Civic Intelligence

Cave Research Foundation Inc.

990 • Fiscal year 2020 • EIN 31-6052842

Oct 01, 2019 to Sep 30, 2020 • Filed on Jan 16, 2021

180 Hamilton Valley RdCave City, KY 42127

(301) 725-5877

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

38th percentile

0.4%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

32nd percentile

0.1%

Faster asset growth than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-31%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,442,747

Up $860 (+0.1%) from 2019

Net Assets

Up

$1,442,747

Up $860 (+0.1%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$212,502

Down $96,424 (-31%) from 2019

Expenses

Down

$211,642

Down $10,474 (-4.7%) from 2019

Net Income

Down

$860

Down $85,950 (-99%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,178,464Liabilities 2014: $0Net Assets 2014: $1,178,4642014Assets 2015: $1,209,082Liabilities 2015: $0Net Assets 2015: $1,209,0822015Assets 2016: $1,299,617Liabilities 2016: $0Net Assets 2016: $1,299,6172016Assets 2017: $1,352,428Liabilities 2017: $0Net Assets 2017: $1,352,4282017Assets 2018: $1,355,077Liabilities 2018: $0Net Assets 2018: $1,355,0772018Assets 2019: $1,441,887Liabilities 2019: $0Net Assets 2019: $1,441,8872019Assets 2020: $1,442,747Liabilities 2020: $0Net Assets 2020: $1,442,7472020Assets 2021: $1,509,862Liabilities 2021: $0Net Assets 2021: $1,509,8622021Assets 2022: $1,424,505Liabilities 2022: $0Net Assets 2022: $1,424,5052022Assets 2023: $1,470,084Liabilities 2023: $0Net Assets 2023: $1,470,0842023Assets 2024: $1,563,917Liabilities 2024: $0Net Assets 2024: $1,563,9172024

Highlighted filing

2020

Assets$1,442,747
Liabilities$0
Net Assets$1,442,747

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $166,498Expenses 2014: $170,799Net Income 2014: -$4,3012014Revenue 2015: $248,773Expenses 2015: $218,155Net Income 2015: $30,6182015Revenue 2016: $312,446Expenses 2016: $221,911Net Income 2016: $90,5352016Revenue 2017: $275,829Expenses 2017: $223,018Net Income 2017: $52,8112017Revenue 2018: $215,795Expenses 2018: $213,146Net Income 2018: $2,6492018Revenue 2019: $308,926Expenses 2019: $222,116Net Income 2019: $86,8102019Revenue 2020: $212,502Expenses 2020: $211,642Net Income 2020: $8602020Revenue 2021: $224,004Expenses 2021: $156,889Net Income 2021: $67,1152021Revenue 2022: $117,052Expenses 2022: $202,409Net Income 2022: -$85,3572022Revenue 2023: $241,650Expenses 2023: $196,071Net Income 2023: $45,5792023Revenue 2024: $291,053Expenses 2024: $197,220Net Income 2024: $93,8332024

Highlighted filing

2020

Revenue$212,502
Expenses$211,642
Net Income$860
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jan 16, 2021
Return Version
2019v5.0
Gross Receipts
$212,502
Mission and Program Overview

Mission

Facilitate and support research, management, and interpretation of caves and karst resources in the United States and overseas; Promote the long-term conservation of caves and karst ecosystems; Explore, survey, and document all aspects of the underground environment; Assist government agencies and private landowners with management and protection of caves on their land.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$546,024$519,967▼ $26,057
Investments in Publicly Traded Securities$453,395$492,931▲ $39,536
Savings and Temporary Cash Investments$332,739$339,710▲ $6,971
Cash and Non-Interest-Bearing Accounts$99,729$80,139▼ $19,590
Inventories for Sale or Use$10,000$10,000→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Intangible Assets$0--
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,441,887$1,442,747▲ $860
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,441,887$1,442,747▲ $860
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,441,887$1,442,747▲ $860
Total Liabilities and Net Assets / Fund Balance$1,441,887$1,442,747▲ $860

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$409,467$512,013$0
Other Land Buildings$0$0$0
Land$110,500-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$180,696$6,320▲ $15,174$0$193,190
2018$175,066$6,399▲ $9,331$0$180,696
2017$171,770$7,661▲ $4,667$0$175,066
2016$162,936$9,485▲ $10,349$0$171,770
2015$143,828$6,399▲ $18,109$0$162,936
Compensation and Service Providers

Board Members and Trustees

NameTitle
David R WestPresident
Kayla N SapkotaVice President & Director
Benjamin V MillerDirector
Derek C BristolDirector
Jennifer EllisDirector
John T M LylesDirector
Joyce E HoffmasterDirector
Mark D JonesDirector
Robert N LerchDirector
Edward C KlausnerSecretary & Director
Robert B HokeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,096
Program Service Revenue
$146,897
Investment Income
$46,509
Other Revenue
$0
All Other Contributions
$19,096
Change in Net Assets
$860
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,642
Grants and Similar Amounts Paid$9,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$34,926$0$0$34,926
Depreciation Depletion$26,057$0$0$26,057
Grants to Domestic Individuals$9,000--$9,000
Insurance$0$1,752$0$1,752
Other Expenses$0$488$0$488
Total Functional Expenses$209,402$2,240$0$211,642
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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

Form 990, Part VI, Section A, Line 8B

There are no committees currently in place with the authority to act for the Foundation's Directors. If such a committee is created it will be required to keep contemporaneous minutes documenting its meetings and actions.

Form 990, Part VI, Section B, Line 11B

The completed draft Form 990 is e-mailed to the Foundation's Board members and officers. They are requested to review it and direct and questions, corrections, or concerns to the Treasurer.

Form 990, Part VI, Section C, Line 19

The Foundation's governing documents and conflict of interest policy are on the Foundation's Web site, www.cave-research.org. Financial statements are available to any CRF member upon request. Financial statements are available to non-CRF members if the request is approved by a majority of the Foundation's Directors.

Filing and Contact Details

Filer

Filer Name
Cave Research Foundation Inc
EIN
31-6052842
Phone
3017255877
Address
180 Hamilton Valley Rd, Cave City, KY 42127

Signing Officer

Name
Robert Hoke
Title
Treasurer
Phone
3017255877
Signed
2021-01-16

Organization Details

Principal Officer
David R West
Formed
1957
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
681
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

USES OF THE ENDOWMENT FUND: The Endowment Fund supports a variable number of graduate-level research grants that are awarded each year to support thesis research in fields related to cave and karst studies. Grant requests are reviewed by an independent committee of academic researchers working in cave and karst-related fields. Grants are normally not awarded directly to the recipient, but are sent to their university and the university administers the grant for the recipient. Grant recipients are required to publish their research results in a public document.

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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/Desc0CAVE AND KARST RESEARCH, MANAGEMENT, AND CARTOGRAPHY: The primary focus of the Foundation is assisting government land managers who are responsible for cave and karst areas. Support includes inventorying caves and karst features, developing management plans to protect these unique resources, constructing protective gates on sensitive caves, performing biological and other inventories in the caves, and systematically mapping the caves. Cooperative agreements are in place with the Mammoth Cave National Park, Carlsbad Caverns NP, Buffalo National River, Mark Twain National Forest, Lava Beds National Monument, Sequoia-Kings Canyon NP, and others. The Foundation has a pool of over 200 active volunteers who do the actual work under the guidance of the various agency land managers. Over 14,000 hours of volunteer time were donated to the Foundation in 2019-20.
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IRS990/MissionDesc0Facilitate and support research, management, and interpretation of caves and karst resources in the United States and overseas; Promote the long-term conservation of caves and karst ecosystems; Explore, survey, and document all aspects of the underground environment; Assist government agencies and private landowners with management and protection of caves on their land.
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IRS990/PrincipalOfficerNm0David R West
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IRS990/ProgramServiceRevenueGrp/Desc0Payments for cave research and mgmt
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