Civic Intelligence

Norfolk State University Research and Innovation Foundation

990 • Fiscal year 2013 • EIN 38-3649338

Jul 01, 2012 to Jun 30, 2013 • Filed on May 13, 2014

Organization ProfileNSURIF.ORG
700 Park Avenue Bmh A-105 No 410Norfolk, VA 23504
Siviq Scores

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

Liabilities / Assets

96th percentile

1.13x

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

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

96th percentile

7.55x

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

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

18th percentile

-4.9%

Higher net margin than 18% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

21st percentile

-1.8%

Faster asset growth than 21% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M 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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$31,009,868

Down $582,853 (-1.8%) from 2012

Net Assets

Up

-$3,897,142

Up $931,608 (+19%) from 2012

Liabilities

Down

$34,907,010

Down $1,514,461 (-4.2%) from 2012

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin18th percentile

Revenue

$4,624,730

No earlier filing loaded for comparison.

Expenses

Up

$4,851,440

Up $29,665 (+0.6%) from 2012

Net Income

-$226,710

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$40M$20M$0-$20MAssets 2010: $33,038,353Liabilities 2010: $37,103,146Net Assets 2010: -$4,064,7932010Assets 2011: $32,366,403Liabilities 2011: $35,857,757Net Assets 2011: -$3,491,3542011Assets 2012: $31,592,721Liabilities 2012: $36,421,471Net Assets 2012: -$4,828,7502012Assets 2013: $31,009,868Liabilities 2013: $34,907,010Net Assets 2013: -$3,897,1422013Assets 2014: $30,024,942Liabilities 2014: $33,978,360Net Assets 2014: -$3,953,4182014Assets 2015: $28,601,348Liabilities 2015: $32,477,381Net Assets 2015: -$3,876,0332015Assets 2016: $28,004,278Liabilities 2016: $31,789,331Net Assets 2016: -$3,785,0532016Assets 2017: $26,114,491Liabilities 2017: $29,814,799Net Assets 2017: -$3,700,3082017Assets 2018: $26,547,593Liabilities 2018: $29,116,242Net Assets 2018: -$2,568,6492018Assets 2019: $26,529,861Liabilities 2019: $29,563,913Net Assets 2019: -$3,034,0522019Assets 2020: $26,293,705Liabilities 2020: $29,337,221Net Assets 2020: -$3,043,5162020Assets 2021: $25,665,808Liabilities 2021: $27,634,781Net Assets 2021: -$1,968,9732021Assets 2022: $25,278,732Liabilities 2022: $25,562,867Net Assets 2022: -$284,1352022Assets 2023: $25,804,421Liabilities 2023: $24,632,566Net Assets 2023: $1,171,8552023Assets 2024: $27,153,812Liabilities 2024: $25,590,489Net Assets 2024: $1,563,3232024

Highlighted filing

2013

Assets$31,009,868
Liabilities$34,907,010
Net Assets-$3,897,142
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $5,213,2802010Expenses 2011: $4,698,4102011Expenses 2012: $4,821,7752012Revenue 2013: $4,624,730Expenses 2013: $4,851,440Net Income 2013: -$226,7102013Revenue 2014: $4,426,834Expenses 2014: $5,057,393Net Income 2014: -$630,5592014Revenue 2015: $4,437,691Expenses 2015: $5,334,548Net Income 2015: -$896,8572015Revenue 2016: $4,903,049Expenses 2016: $5,143,557Net Income 2016: -$240,5082016Revenue 2017: $4,875,903Expenses 2017: $5,195,857Net Income 2017: -$319,9542017Revenue 2018: $6,972,370Expenses 2018: $5,282,752Net Income 2018: $1,689,6182018Revenue 2019: $5,676,477Expenses 2019: $5,279,315Net Income 2019: $397,1622019Revenue 2020: $5,728,415Expenses 2020: $5,268,378Net Income 2020: $460,0372020Revenue 2021: $5,605,532Expenses 2021: $5,347,288Net Income 2021: $258,2442021Revenue 2022: $5,808,933Expenses 2022: $5,408,267Net Income 2022: $400,6662022Revenue 2023: $6,046,806Expenses 2023: $5,797,625Net Income 2023: $249,1812023Revenue 2024: $6,228,181Expenses 2024: $5,697,619Net Income 2024: $530,5622024

Highlighted filing

2013

Revenue$4,624,730
Expenses$4,851,440
Net Income-$226,710
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 13, 2014
Return Version
2012v2.1
Gross Receipts
$5,954,582
Mission and Program Overview

Mission

To provide brands and services that promote applied research and technological innovations that, in turn, contribute positively to the economic strength of the hampton roads region and the commonwealth of virginia.

Major Activities

Activity 2
Establishment of network center, which serves as a hub for a fiber optic cable network, as well as a provider of it support services as described in the organization's exemption application
Filing and Contact Details

Filer

EIN
38-3649338
Raw XML AppendixShowing 400 of 587 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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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0TONY ATWATER
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0BOARD MEMBER
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0295000
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleK/Form990ScheduleKPartI/BondReferenceCd0A
IRS990ScheduleK/Form990ScheduleKPartI/DateIssued02005-02-23
IRS990ScheduleK/Form990ScheduleKPartI/Defeased00
IRS990ScheduleK/Form990ScheduleKPartI/DescriptionOfPurpose0FINANCING THE CONSTRUCTION OF STUDENT HOUSING BUILDING
IRS990ScheduleK/Form990ScheduleKPartII/AdequateBooksAndRecdsMaintaind00
IRS990ScheduleK/Form990ScheduleKPartII/AdvanceRefunding00
IRS990ScheduleK/Form990ScheduleKPartII/BondReferenceCd0A
IRS990ScheduleK/Form990ScheduleKPartII/CapitalExpenditures030111923
IRS990ScheduleK/Form990ScheduleKPartII/CurrentRefunding00
IRS990ScheduleK/Form990ScheduleKPartII/FinalAllocationMade00
IRS990ScheduleK/Form990ScheduleKPartIII/AnyLeaseArrangements00
IRS990ScheduleK/Form990ScheduleKPartIII/AnyResearchAgreements00
IRS990ScheduleK/Form990ScheduleKPartIII/BondIssMeetPrvtSecurityPayTest00
IRS990ScheduleK/Form990ScheduleKPartIII/BondReferenceCd0A
IRS990ScheduleK/Form990ScheduleKPartIII/ChangeInUseBondFinancedProp00
IRS990ScheduleK/Form990ScheduleKPartIII/MngmentCntrctBondFinancdPrprty00
IRS990ScheduleK/Form990ScheduleKPartIII/NonQualifiedBondRemedProcdrs00
IRS990ScheduleK/Form990ScheduleKPartIII/OwningBondFinancedProperty00
IRS990ScheduleK/Form990ScheduleKPartII/IssuanceCostsFromProceeds01888077
IRS990ScheduleK/Form990ScheduleKPartI/IssuePrice032000000
IRS990ScheduleK/Form990ScheduleKPartI/IssuerName/BusinessNameLine10NORFOLK REDEVELOPMENT AND HOUSING AUTHORITY
IRS990ScheduleK/Form990ScheduleKPartII/TotalProceeds032000000
IRS990ScheduleK/Form990ScheduleKPartI/OnBehalfOfIssuer00
IRS990ScheduleK/Form990ScheduleKPartI/PoolFinancing00
IRS990ScheduleK/Form990ScheduleKPartIV/BondReferenceCd0A
IRS990ScheduleK/Form990ScheduleKPartIV/ExceptionToRebate00
IRS990ScheduleK/Form990ScheduleKPartIV/Form8038TFiled00
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvested00
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvestedInGIC00
IRS990ScheduleK/Form990ScheduleKPartIV/HedgeIdentifiedInBooksAndRecds00
IRS990ScheduleK/Form990ScheduleKPartIV/NoRebateDue00
IRS990ScheduleK/Form990ScheduleKPartIV/RebateNotDueYet00
IRS990ScheduleK/Form990ScheduleKPartIV/VariableRateIssue00
IRS990ScheduleK/Form990ScheduleKPartIV/WrittenProcToMonitorReqs00
IRS990ScheduleO/GeneralExplanation/Explanation0THE BOARD OF DIRECTORS IS THE GOVERNING BODY OF THE FOUNDATION.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FISCAL OFFICER WILL REVIEW THE 990. ALL BOARD MEMBERS WILL BE PRESENTED WITH THE 990 BY THE FOUNDATION STAFF. THE ENTIRE BOARD REVIEWS THE 990 BUT ONLY THE FINANCE AND AUDIT COMMITTEE MEMBERS ARE REQUIRED TO APPROVE. AFTER REVIEW OF THE TAX RETURN, THE CPA AUDITOR WILL BE PROVIDED A STATEMENT INDICATING THE 990 HAS BEEN REVIEWED AND APPROVED.
IRS990ScheduleO/GeneralExplanation/Explanation2EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO THE FOUNDATION. ANY SUCH INFORMATION REGARDING BUSINESS INTERESTS OF A RESPONSIBLE PERSON OR A FAMILY MEMBER SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE EXECUTIVE DIRECTOR, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PERSONS.

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$31,009,868
Liabilities
$34,907,010
Net assets
-$3,897,142
Revenue
$4,624,730
Expenses
$4,851,440
Net income
-$226,710
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.2$25.6$1.56$6.23$5.70$0.53
2023Detailed filing. Detailed filing data is available for this year.$25.8$24.6$1.17$6.05$5.80$0.25
2022Detailed filing. Detailed filing data is available for this year.$25.3$25.6$0.28$5.81$5.41$0.40
2021Detailed filing. Detailed filing data is available for this year.$25.7$27.6$1.97$5.61$5.35$0.26
2020Detailed filing. Detailed filing data is available for this year.$26.3$29.3$3.04$5.73$5.27$0.46
2019Detailed filing. Detailed filing data is available for this year.$26.5$29.6$3.03$5.68$5.28$0.40
2018Detailed filing. Detailed filing data is available for this year.$26.5$29.1$2.57$6.97$5.28$1.69
2017Detailed filing. Detailed filing data is available for this year.$26.1$29.8$3.70$4.88$5.20$0.32
2016Detailed filing. Detailed filing data is available for this year.$28.0$31.8$3.79$4.90$5.14$0.24
2015Detailed filing. Detailed filing data is available for this year.$28.6$32.5$3.88$4.44$5.33$0.90
2014Detailed filing. Detailed filing data is available for this year.$30.0$34.0$3.95$4.43$5.06$0.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$34.9$3.90$4.62$4.85$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$36.4$4.83$4.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$35.9$3.49$4.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.0$37.1$4.06$5.21