Civic Intelligence

Asheville-Buncombe Technical and Community College Education and En

990 • Fiscal year 2013 • EIN 45-1732585

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 11, 2014

Organization Profileabtech.edu
340 Victoria Road28801

(828) 254-1921

Siviq Scores

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

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

76th percentile

0.05x

Higher debt load relative to revenue than 76% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

7th percentile

-62%

Higher net margin than 7% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

10th percentile

-43%

Faster revenue growth than 10% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$317,228

Down $76,696 (-19%) from 2012

Net Assets

Up

$312,150

Up $235,752 (+309%) from 2012

Liabilities

Down

$5,078

Down $312,448 (-98%) from 2012

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin7th percentile

Revenue

$98,818

No earlier filing loaded for comparison.

Expenses

Down

$160,492

Down $75,086 (-32%) from 2012

Net Income

-$61,674

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.

$800K$600K$400K$200K$0Assets 2011: $216,632Liabilities 2011: $0Net Assets 2011: $216,6322011Assets 2012: $393,924Liabilities 2012: $317,526Net Assets 2012: $76,3982012Assets 2013: $317,228Liabilities 2013: $5,078Net Assets 2013: $312,1502013Assets 2014: $618,031Liabilities 2014: $32,501Net Assets 2014: $585,5302014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2013

Assets$317,228
Liabilities$5,078
Net Assets$312,150
Open 2013 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $301,826Expenses 2011: $85,194Net Income 2011: $216,6322011Expenses 2012: $235,5782012Revenue 2013: $98,818Expenses 2013: $160,492Net Income 2013: -$61,6742013Revenue 2014: $473,268Expenses 2014: $199,888Net Income 2014: $273,3802014Revenue 2015: $156,235Expenses 2015: $741,765Net Income 2015: -$585,5302015

Highlighted filing

2013

Revenue$98,818
Expenses$160,492
Net Income-$61,674
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 11, 2014
Return Version
2013v3.1
Gross Receipts
$98,818
Mission and Program Overview

Mission

Develop and administer programs to promote, support, and enhance the college and its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$393,924$296,274▼ $97,650
Pledges and Grants Receivable-$20,444-
Cash and Non-Interest-Bearing Accounts-$510-
Total Assets$393,924$317,228▼ $76,696
Liabilities
Accounts Payable and Accrued Expenses$20,100$5,078▼ $15,022
Total Liabilities$20,100$5,078▼ $15,022
Net Assets / Fund Balance
Unrestricted Net Assets$89,646$309,232▲ $219,586
Temporarily Rstr Net Assets$284,178$2,918▼ $281,260
Total Net Assets Fund Balance$373,824$312,150▼ $61,674
Total Liabilities and Net Assets / Fund Balance$393,924$317,228▼ $76,696
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Troy TolleChair
Terri KingCo-Chair
Marilyn McdonaldExecutive Director
Bill MurdockMember
Damien HoffmanMember
Gary JacksonMember
Gustavo KolmelMember
Jim StratigosMember
Pam LewisMember
Scott HickmanMember
Tom MaherMember
Troy BallMember
Jim OliverSecretary
Lisa EvansTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$97,228
Program Service Revenue
$0
Investment Income
$1,440
Other Revenue
$150
Change in Net Assets
$-61,674

Audited Revenue Reconciliation

Revenue per Audited Statements
$98,818
Revenue Not Reported on Form 990
$18,429
Total Revenue per Audited Statements
$117,247
Total Revenue per Form 990
$98,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$125,393
Other Expenses$35,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,475$0$0$99,475
Other Expenses$14,866$190$0$15,056
Pension Plan Contributions$12,452$0$0$12,452
Payroll Taxes$7,361$0$0$7,361
Fees for Services Other$0$6,375$0$6,375
Fees for Services Legal$0$6,220$0$6,220
Other Employee Benefits$6,105$0$0$6,105
Fees for Services Accounting$0$5,775$0$5,775
Travel$0$1,673$0$1,673
Total Functional Expenses$140,259$20,233$0$160,492

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$178,921
Expenses per Audited Statements$160,492
Total Expenses per Form 990$160,492
Expenses Not Reported on Form 990$18,429
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
No
Audit committee
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
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
Filing and Contact Details

Filer

EIN
45-1732585
Phone
8282541921

Signing Officer

Name
Marilyn Mcdonald
Title
Executive Director
Phone
8282541921
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marilyn Mc Donald
Formed
2011
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is prepared by independent accountants, reviewed by management,”

Pt VI, Line 11B

“presented to the governing body for review, and once it is approved, presented”

Pt VI, Line 11B

“to the Board of Directors for final approval or proposed revision.”

Pt VI, Line 12C

“Through the College's conflict of interest policies.”

Pt X

“As part of the audit of the 2013 financial statements, the previously issued”

Pt X

“2012 financial statements have been restated with a retrospective change”

Pt X

“in accounting principle related to income recognition.”

Pt X

“On the 2012 Balance Sheet, Deferred Revenue has been reduced by”

Pt X

“$297,426 and net assets increased by this amount.”

Pt I, Line 8

“2012 revenue has been restated based on Change in Accounting Principle”

Pt I, Line 8

“in 2013 audit.”

Financial Statement Notes

Pt X Line 2

“Asheville-buncombe technical community college education and entrepreneurial development foundation, inc. Is exempt from federal income taxes under 501 (c) (3) of the internal revenue code. However, the code also provides that income from certain activities not related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. The organization had less than $1,000 from unrelated business activities for 2013 and was therefore not required to file form 990-t.”

Pt X Line 2

“The organization's forms 990 for 2011 and 2012 are subject to examination by the IRS, generally for three years after being filed.”

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0287592
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0567150
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE EDUCATION AND ENTREPRENEURIAL DEVELOPMENT FOUNDATION, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501 (C) (3) OF THE INTERNAL REVENUE CODE. HOWEVER, THE CODE ALSO PROVIDES THAT INCOME FROM CERTAIN ACTIVITIES NOT RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD LESS THAN $1,000 FROM UNRELATED BUSINESS ACTIVITIES FOR 2013 AND WAS THEREFORE NOT REQUIRED TO FILE FORM 990-T.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The organization's forms 990 for 2011 and 2012 are subject to examination by the IRS, generally for three years after being filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X Line 2
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0178921
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is prepared by independent accountants, reviewed by management,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1presented to the governing body for review, and once it is approved, presented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2to the Board of Directors for final approval or proposed revision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Through the College's conflict of interest policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4As part of the audit of the 2013 financial statements, the previously issued
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt52012 financial statements have been restated with a retrospective change
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6in accounting principle related to income recognition.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7On the 2012 Balance Sheet, Deferred Revenue has been reduced by
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8$297,426 and net assets increased by this amount.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt92012 revenue has been restated based on Change in Accounting Principle
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10in 2013 audit.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt089646
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0309232
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10340 Victoria Road
IRS990/USAddress/City0Asheville
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028801
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0abtech.edu
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ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$317,228
Liabilities
$5,078
Net assets
$312,150
Revenue
$98,818
Expenses
$160,492
Net income
-$61,674
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.56$7.42$5.86
2014Detailed filing. Detailed filing data is available for this year.$6.18$0.33$5.86$4.73$2.00$2.73
2013Detailed filing. Detailed filing data is available for this year.$3.17$0.05$3.12$0.99$1.60$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$3.18$0.76$2.36
2011Summary only. Only limited summary data is available for this year.$2.17$0.00$2.17$3.02$0.85$2.17