Civic Intelligence

Verity Institute Inc

990 • Fiscal year 2014 • EIN 37-1648432

Sep 01, 2013 to Aug 31, 2014 • Filed on Jan 15, 2015

Organization Profilewww.verityinstitute.org
11850 Brookville RoadIndianapolis, IN 46239

(866) 983-7489

Siviq Scores

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

Liabilities / Assets

99th percentile

2.88x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

73rd percentile

0.21x

Higher debt load relative to revenue than 73% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

22nd percentile

-8.6%

Higher net margin than 22% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

60th percentile

$40,454

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

1st percentile

-72%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$49,775

Down $130,938 (-72%) from 2013

Net Assets

Down

-$93,537

Down $59,747 (-177%) from 2013

Liabilities

Down

$143,312

Down $71,191 (-33%) from 2013

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin22nd percentile

Revenue

Down

$677,400

Down $127,870 (-16%) from 2013

Expenses

Down

$735,559

Down $114,206 (-13%) from 2013

Net Income

Down

-$58,159

Down $13,664 (-31%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$300K$200K$100K$0-$100K-$200KAssets 2012: $201,637Liabilities 2012: $172,738Net Assets 2012: $28,8992012Assets 2013: $180,713Liabilities 2013: $214,503Net Assets 2013: -$33,7902013Assets 2014: $49,775Liabilities 2014: $143,312Net Assets 2014: -$93,5372014Assets 2015: $81,946Liabilities 2015: $149,650Net Assets 2015: -$67,7042015Assets 2016: $64,501Liabilities 2016: $167,209Net Assets 2016: -$102,7082016

Highlighted filing

2014

Assets$49,775
Liabilities$143,312
Net Assets-$93,537
Open 2014 Filing

Operations Trend

Revenue Growth17th percentile

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

$1.0M$500K$0-$500KRevenue 2012: $365,245Expenses 2012: $336,346Net Income 2012: $28,8992012Revenue 2013: $805,270Expenses 2013: $849,765Net Income 2013: -$44,4952013Revenue 2014: $677,400Expenses 2014: $735,559Net Income 2014: -$58,1592014Revenue 2015: $492,800Expenses 2015: $467,859Net Income 2015: $24,9412015Revenue 2016: $456,617Expenses 2016: $491,621Net Income 2016: -$35,0042016

Highlighted filing

2014

Revenue$677,400
Expenses$735,559
Net Income-$58,159
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jan 15, 2015
Return Version
2013v4.0
Gross Receipts
$782,730
Mission and Program Overview

Mission

To provide a Christian enviroment for an innovative college experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$116,090$32,865▼ $83,225
Savings and Temporary Cash Investments$10,694$13,960▲ $3,266
Accounts Receivable$53,929$2,950▼ $50,979
Total Assets$180,713$49,775▼ $130,938
Liabilities
Deferred Revenue$158,879$99,843▼ $59,036
Accounts Payable and Accrued Expenses$55,624$43,469▼ $12,155
Total Liabilities$214,503$143,312▼ $71,191
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,776$-892▼ $2,668
Unrestricted Net Assets$-35,566$-92,645▼ $57,079
Total Net Assets Fund Balance$-33,790$-93,537▼ $59,747
Total Liabilities and Net Assets / Fund Balance$180,713$49,775▼ $130,938
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleBaseTotal
Kevin McCrayVice President$40,454$40,454

Board Members and Trustees

NameTitle
Tim LevenduskyPresident
Anthony BurrisMember
Charles Stephen PaineMember
David YorkMember
Gil BatesMember
John StancilMember
Revenue and Support

Revenue Composition

Contributions and Grants
$92,129
Program Service Revenue
$586,999
Investment Income
$3
Other Revenue
$-1,731
All Other Contributions
$92,129
Change in Net Assets
$-58,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$381,520
Other Expenses$354,039
Total Fundraising Expense$64,853
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$204,716$78,737$31,495$314,948
Occupancy$127,074$48,875$19,549$195,498
Other Expenses$92,335--$92,335
Current Officers, Directors, Trustees, and Key Employees$26,295$10,114$4,045$40,454
Payroll Taxes$16,977$6,530$2,611$26,118
Advertising$18,633-$2,653$21,286
Office Expenses$12,454$4,718$1,916$19,088
Information Technology$8,836$3,399$1,359$13,594
Insurance$4,236$1,629$652$6,517
Travel$3,718$1,430$573$5,721
Total Functional Expenses$515,274$155,432$64,853$735,559
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,944
Fundraising Direct Expenses$650
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
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Vice President reviews the 990 with the finance personnel prior to filing”

Form 990, Part VI, Section C, Line 19

“Financial Statements, governing documents, and policies are made available to the public by request only.”

Filing and Contact Details

Filer

EIN
37-1648432
Phone
8669837489

Signing Officer

Name
Kevin McCray
Title
Vice President
Signed
2015-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Kevin McCray
Formed
2011
Legal Domicile
In
Voting Board Members
6
Independent Board Members
5
Employees
25

Preparer

Preparer
Ryan Uecke
Phone
6307421589
Raw XML Appendix376 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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IRS990/TotalLiabilitiesGrp/BOYAmt0214503
IRS990/TotalLiabilitiesGrp/EOYAmt0143312
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-33790
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-93537
IRS990/TotalProgramServiceExpensesAmt0515274
IRS990/TotalProgramServiceRevenueAmt0586999
IRS990/TotalReportableCompFromOrgAmt040454
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0677400
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0180713
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049775
IRS990/TravelGrp/FundraisingAmt0573
IRS990/TravelGrp/ManagementAndGeneralAmt01430
IRS990/TravelGrp/ProgramServicesAmt03718
IRS990/TravelGrp/TotalAmt05721
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-35566
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-92645
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine107718 West Hwy 52
IRS990/USAddress/City0New Palestine
IRS990/USAddress/State0IN
IRS990/USAddress/ZIPCode046163
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.verityinstitute.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kevin McCray
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10Verity Institute Inc
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0371648432
ReturnHeader/Filer/PhoneNum08669837489
ReturnHeader/Filer/USAddress/AddressLine1011850 Brookville Road
ReturnHeader/Filer/USAddress/City0Indianapolis
ReturnHeader/Filer/USAddress/State0IN
ReturnHeader/Filer/USAddress/ZIPCode046239
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Integrity Accounting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1029W278 James Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0West Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode060185
ReturnHeader/PreparerPersonGrp/PhoneNum06307421589
ReturnHeader/PreparerPersonGrp/PreparationDt02015-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ryan Uecke
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-01-15T06:43:19-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-09-01
ReturnHeader/TaxPeriodEndDt02014-08-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,775
Liabilities
$143,312
Net assets
-$93,537
Revenue
$677,400
Expenses
$735,559
Net income
-$58,159
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.65$1.67$1.03$4.57$4.92$0.35
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.82$1.50$0.68$4.93$4.68$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.50$1.43$0.94$6.77$7.36$0.58
2013Summary only. Only limited summary data is available for this year.$1.81$2.15$0.34$8.05$8.50$0.44
2012Summary only. Only limited summary data is available for this year.$2.02$1.73$0.29$3.65$3.36$0.29