Civic Intelligence

Verity Institute Inc

990 • Fiscal year 2015 • EIN 37-1648432

Sep 01, 2014 to Aug 31, 2015 • Filed on Mar 12, 2016

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

97th percentile

1.83x

Higher debt load relative to assets than 97% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.30x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

55th percentile

5.1%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

91st percentile

65%

Faster asset growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

12th percentile

-27%

Faster revenue growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$81,946

Up $32,171 (+65%) from 2014

Net Assets

Up

-$67,704

Up $25,833 (+28%) from 2014

Liabilities

Up

$149,650

Up $6,338 (+4.4%) from 2014

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin55th percentile

Revenue

Down

$492,800

Down $184,600 (-27%) from 2014

Expenses

Down

$467,859

Down $267,700 (-36%) from 2014

Net Income

Up

$24,941

Up $83,100 (+143%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2015

Assets$81,946
Liabilities$149,650
Net Assets-$67,704
Open 2015 Filing

Operations Trend

Revenue Growth12th 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

2015

Revenue$492,800
Expenses$467,859
Net Income$24,941
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Mar 12, 2016
Return Version
2014v6.0
Gross Receipts
$629,969
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$32,865$55,351▲ $22,486
Accounts Receivable$2,950$22,867▲ $19,917
Savings and Temporary Cash Investments$13,960$3,728▼ $10,232
Total Assets$49,775$81,946▲ $32,171
Liabilities
Deferred Revenue$99,843$81,074▼ $18,769
Accounts Payable and Accrued Expenses$43,469$68,576▲ $25,107
Total Liabilities$143,312$149,650▲ $6,338
Net Assets / Fund Balance
Temporarily Rstr Net Assets$-892--
Unrestricted Net Assets$-92,645$-67,704▲ $24,941
Total Net Assets Fund Balance$-93,537$-67,704▲ $25,833
Total Liabilities and Net Assets / Fund Balance$49,775$81,946▲ $32,171
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$175,999
Program Service Revenue
$283,239
Investment Income
$0
Other Revenue
$33,562
All Other Contributions
$75,999
Change in Net Assets
$24,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$292,092
Other Expenses$175,767
Total Fundraising Expense$6,607
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$178,213$59,404$2,308$239,925
Occupancy$67,908$22,636-$90,544
Other Expenses$28,310$4,834-$33,144
Payroll Taxes$17,938$7,688$500$26,126
Current Officers, Directors, Trustees, and Key Employees$16,927$6,510$2,604$26,041
Fees for Services Management$20,293--$20,293
Advertising$13,981--$13,981
Office Expenses$6,312$2,913$486$9,711
Information Technology$4,611$1,774$709$7,094
Fees for Services Accounting-$1,000-$1,000
Total Functional Expenses$354,493$106,759$6,607$467,859
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,150
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
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
Yes
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

Filer Name
Verity Institute Inc
EIN
37-1648432
Phone
8669837489
Address
11850 Brookville Road, Indianapolis, IN 46239

Signing Officer

Name
Kevin McCray
Title
Vice President
Signed
2016-03-12
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
24
Volunteers
5

Preparer

Firm
Integrity Accounting
Address
2N615 Woodcrest Dr, West Chicago, IL 60185
Preparer
Ryan Uecke
Phone
6307421589
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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/TotalAssetsGrp/EOYAmt081946
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0175999
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06607
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106759
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0354493
IRS990/TotalFunctionalExpensesGrp/TotalAmt0467859
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0143312
IRS990/TotalLiabilitiesEOYAmt0149650
IRS990/TotalLiabilitiesGrp/BOYAmt0143312
IRS990/TotalLiabilitiesGrp/EOYAmt0149650
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-93537
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-67704
IRS990/TotalProgramServiceExpensesAmt0354493
IRS990/TotalProgramServiceRevenueAmt0283239
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0492800
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049775
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt081946
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-92645
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-67704
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07718 West Hwy 52
IRS990/USAddress/CityNm0New Palestine
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046163
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.verityinstitute.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kevin McCray
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Verity Institute Inc
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0371648432
ReturnHeader/Filer/PhoneNum08669837489
ReturnHeader/Filer/USAddress/AddressLine1Txt011850 Brookville Road
ReturnHeader/Filer/USAddress/CityNm0Indianapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046239
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Integrity Accounting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02N615 Woodcrest Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060185
ReturnHeader/PreparerPersonGrp/PhoneNum06307421589
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ryan Uecke
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-03-12T11:40:26-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$81,946
Liabilities
$149,650
Net assets
-$67,704
Revenue
$492,800
Expenses
$467,859
Net income
$24,941
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
2015Detailed filing. Detailed filing data is available for this year.$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