Civic Intelligence

Aded Inc.

990 • Fiscal year 2013 • EIN 38-2238749

Jan 01, 2013 to Dec 31, 2013 • Filed on May 13, 2014

200 First Ave NWHickory, NC 28601

(828) 855-1623

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

61st percentile

7.8%

Higher net margin than 61% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

81st percentile

$73,342

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

66th percentile

8.8%

Faster asset growth than 66% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$513,747

Up $41,660 (+8.8%) from 2012

Net Assets

Up

$511,871

Up $40,056 (+8.5%) from 2012

Liabilities

Up

$1,876

Up $1,604 (+590%) from 2012

Revenue

$514,557

No earlier filing loaded for comparison.

Expenses

Up

$474,501

Up $107,971 (+29%) from 2012

Net Income

$40,056

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2010: $364,388Liabilities 2010: $1,040Net Assets 2010: $363,3482010Assets 2011: $400,424Liabilities 2011: $690Net Assets 2011: $399,7342011Assets 2012: $472,087Liabilities 2012: $272Net Assets 2012: $471,8152012Assets 2013: $513,747Liabilities 2013: $1,876Net Assets 2013: $511,8712013Assets 2014: $548,073Liabilities 2014: -$1,046Net Assets 2014: $549,1192014Assets 2015: $552,690Liabilities 2015: $845Net Assets 2015: $551,8452015Assets 2016: $550,962Liabilities 2016: $3,372Net Assets 2016: $547,5902016Assets 2017: $569,190Liabilities 2017: $14,134Net Assets 2017: $555,0562017Assets 2018: $526,292Liabilities 2018: $4,954Net Assets 2018: $521,3382018Assets 2019: $565,372Liabilities 2019: $12,228Net Assets 2019: $553,1442019Assets 2020: $619,176Liabilities 2020: $40,993Net Assets 2020: $578,1832020Assets 2021: $680,720Liabilities 2021: $18,760Net Assets 2021: $661,9602021Assets 2022: $639,425Liabilities 2022: $10,610Net Assets 2022: $628,8152022Assets 2023: $603,811Liabilities 2023: $7,966Net Assets 2023: $595,8452023Assets 2024: $700,069Liabilities 2024: $25,998Net Assets 2024: $674,0712024

Highlighted filing

2013

Assets$513,747
Liabilities$1,876
Net Assets$511,871

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $328,7982010Expenses 2011: $392,8152011Expenses 2012: $366,5302012Revenue 2013: $514,557Expenses 2013: $474,501Net Income 2013: $40,0562013Revenue 2014: $531,655Expenses 2014: $494,407Net Income 2014: $37,2482014Revenue 2015: $584,495Expenses 2015: $581,771Net Income 2015: $2,7242015Revenue 2016: $672,367Expenses 2016: $676,622Net Income 2016: -$4,2552016Revenue 2017: $654,529Expenses 2017: $647,063Net Income 2017: $7,4662017Revenue 2018: $669,171Expenses 2018: $702,889Net Income 2018: -$33,7182018Revenue 2019: $642,711Expenses 2019: $610,905Net Income 2019: $31,8062019Revenue 2020: $461,822Expenses 2020: $436,783Net Income 2020: $25,0392020Revenue 2021: $505,059Expenses 2021: $421,282Net Income 2021: $83,7772021Revenue 2022: $724,462Expenses 2022: $757,607Net Income 2022: -$33,1452022Revenue 2023: $703,277Expenses 2023: $736,247Net Income 2023: -$32,9702023Revenue 2024: $761,018Expenses 2024: $682,792Net Income 2024: $78,2262024

Highlighted filing

2013

Revenue$514,557
Expenses$474,501
Net Income$40,056
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.1
Gross Receipts
$514,557
Mission and Program Overview

Mission

The purpose is to provide conferences, courses, and general operations to disseminate information to professionals relative to driver education for the disabled, including a certification program for professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$471,815$511,871▲ $40,056
Cash and Non-Interest-Bearing Accounts$471,223$342,824▼ $128,399
Investments in Publicly Traded Securities-$130,000-
Land, Buildings, and Equipment, Net$864$2,158▲ $1,294
Accounts Receivable-$-15-
Total Assets$472,087$513,747▲ $41,660
Other Assets Total-$38,780-
Liabilities
Accounts Payable and Accrued Expenses$272$1,876▲ $1,604
Total Liabilities$272$1,876▲ $1,604
Net Assets / Fund Balance
Total Net Assets Fund Balance$471,815$511,871▲ $40,056
Total Liabilities and Net Assets / Fund Balance$472,087$513,747▲ $41,660

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,158$6,910$9,068
Other Assets Org$38,780--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth GreenExecutive DirectorFT$73,342$73,342

Board Members and Trustees

NameTitle
Mary SchwartzPast President
Michele Luther-krugPresident
Amy LanePresident Elect
Beth RollandDirector
Dean RobertsonDirector
Eric MansfieldDirector
James MorrisonDirector
Ann St JohnSecretary
Janet StohlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$148,741
Program Service Revenue
$365,191
Investment Income
$625
Other Revenue
$0
All Other Contributions
$23,232
Change in Net Assets
$40,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$387,196
Salaries, Compensation, and Employee Benefits$87,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$299,620--$299,620
Current Officers, Directors, Trustees, and Key Employees$73,342--$73,342
Travel$22,384--$22,384
Occupancy$18,419--$18,419
Other Expenses$12,955--$12,955
Other Salaries and Wages$7,759--$7,759
Payroll Taxes$6,204--$6,204
Fees for Services Legal$3,318--$3,318
Insurance$2,866--$2,866
Fees for Services Accounting$2,650--$2,650
Fees for Services Other$1,508--$1,508
Depreciation Depletion$993--$993
Total Functional Expenses$474,501$0$0$474,501
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
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 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
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

Membership is granted by payment of dues, which entitles the member to participate in education classes and have access to research material. The organization is run by a board of directors which is elected by the membership.

Member election for additional members Part VI line 7A

Members are allowed to nominate themselves or another member for a position on the board. Members then vote on the slate of officers.

Form 990 governing body review Part VI line 11

Form 990 is reviewed by the treasurer and executive director and signed by the executive director. It is available for review and inspection by other board members and members upon request.

Conflict of interest policy compliance Part VI line 12C

All candidate and current board members, committee members, executive director(s), contractors and staff (person) whose work or service to the aded association would cause applicability to the conflict of interst policy has a responsibility to complete a conflict of interest form when completing a consent to run for or on appointment to board, committee, contractor or staff position. If the person is not sure if a conflict of interest exists, the person shall, not withstanding their uncertainty, disclose their interest. The completed form will go to the past president who will review the form and determine if further board action is necessary at this time.

CEO executive director top management comp Part VI line 15A

Aded employs two staff members, the executive director and an assistant. Executive director salary and compensation are determined by a thorough review of existing compensation packages for comparable sized associations. An ad hoc compensation committee is established annually to review executive director compensation and make recommendations for board consideration.

Governing documents etc available to public Part VI line 19

Governing documents are available for inspection upon request in the office of the executive director in north carolina.

Filing and Contact Details

Filer

EIN
38-2238749

Signing Officer

Name
Elizabeth Green
Title
Executive Direc
Phone
8288551623
Signed
2014-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Luther-krug
Formed
1995
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
0
Employees
2

Preparer

Preparer
Patricia a Henson
Phone
4076733450
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

See detail of $299,620 other expenses on overflow 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP IS GRANTED BY PAYMENT OF DUES, WHICH ENTITLES THE MEMBER TO PARTICIPATE IN EDUCATION CLASSES AND HAVE ACCESS TO RESEARCH MATERIAL. THE ORGANIZATION IS RUN BY A BOARD OF DIRECTORS WHICH IS ELECTED BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE ALLOWED TO NOMINATE THEMSELVES OR ANOTHER MEMBER FOR A POSITION ON THE BOARD. MEMBERS THEN VOTE ON THE SLATE OF OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR AND SIGNED BY THE EXECUTIVE DIRECTOR. IT IS AVAILABLE FOR REVIEW AND INSPECTION BY OTHER BOARD MEMBERS AND MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL CANDIDATE AND CURRENT BOARD MEMBERS, COMMITTEE MEMBERS, EXECUTIVE DIRECTOR(S), CONTRACTORS AND STAFF (PERSON) WHOSE WORK OR SERVICE TO THE ADED ASSOCIATION WOULD CAUSE APPLICABILITY TO THE CONFLICT OF INTERST POLICY HAS A RESPONSIBILITY TO COMPLETE A CONFLICT OF INTEREST FORM WHEN COMPLETING A CONSENT TO RUN FOR OR ON APPOINTMENT TO BOARD, COMMITTEE, CONTRACTOR OR STAFF POSITION. IF THE PERSON IS NOT SURE IF A CONFLICT OF INTEREST EXISTS, THE PERSON SHALL, NOT WITHSTANDING THEIR UNCERTAINTY, DISCLOSE THEIR INTEREST. THE COMPLETED FORM WILL GO TO THE PAST PRESIDENT WHO WILL REVIEW THE FORM AND DETERMINE IF FURTHER BOARD ACTION IS NECESSARY AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADED EMPLOYS TWO STAFF MEMBERS, THE EXECUTIVE DIRECTOR AND AN ASSISTANT. EXECUTIVE DIRECTOR SALARY AND COMPENSATION ARE DETERMINED BY A THOROUGH REVIEW OF EXISTING COMPENSATION PACKAGES FOR COMPARABLE SIZED ASSOCIATIONS. AN AD HOC COMPENSATION COMMITTEE IS ESTABLISHED ANNUALLY TO REVIEW EXECUTIVE DIRECTOR COMPENSATION AND MAKE RECOMMENDATIONS FOR BOARD CONSIDERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST IN THE OFFICE OF THE EXECUTIVE DIRECTOR IN NORTH CAROLINA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SEE DETAIL OF $299,620 OTHER EXPENSES ON OVERFLOW STATEMENT.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.00$0.26$6.74$7.61$6.83$0.78
2023Detailed filing. Detailed filing data is available for this year.$6.04$0.08$5.96$7.03$7.36$0.33
2022Detailed filing. Detailed filing data is available for this year.$6.39$0.11$6.29$7.24$7.58$0.33
2021Detailed filing. Detailed filing data is available for this year.$6.81$0.19$6.62$5.05$4.21$0.84
2020Detailed filing. Detailed filing data is available for this year.$6.19$0.41$5.78$4.62$4.37$0.25
2019Detailed filing. Detailed filing data is available for this year.$5.65$0.12$5.53$6.43$6.11$0.32
2018Detailed filing. Detailed filing data is available for this year.$5.26$0.05$5.21$6.69$7.03$0.34
2017Detailed filing. Detailed filing data is available for this year.$5.69$0.14$5.55$6.55$6.47$0.07
2016Detailed filing. Detailed filing data is available for this year.$5.51$0.03$5.48$6.72$6.77$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.53$0.01$5.52$5.84$5.82$0.03
2014Detailed filing. Detailed filing data is available for this year.$5.48$0.01$5.49$5.32$4.94$0.37
2013Detailed filing. Detailed filing data is available for this year.$5.14$0.02$5.12$5.15$4.75$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$0.00$4.72$3.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$0.01$4.00$3.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.01$3.63$3.29
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $500k-$1M nonprofits