Civic Intelligence

Community Investment Collaborative

990 • Fiscal year 2017 • EIN 45-4105820

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 23, 2018

Organization ProfileWWW.CICVILLE.ORG
PO Box 2976Charlottesville, VA 22902

(434) 218-3481

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$586,395

Flat from 2017

Net Assets

Flat

$561,433

Flat from 2017

Liabilities

Flat

$24,962

Flat from 2017

Revenue And Expenses

Revenue

Flat

$422,843

Flat from 2017

Expenses

Flat

$335,158

Flat from 2017

Net Income

Flat

$87,685

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $127,365Net Assets 2012: $127,3652012Assets 2013: $355,914Liabilities 2013: $3,556Net Assets 2013: $352,3582013Assets 2014: $431,146Liabilities 2014: $14,730Net Assets 2014: $416,4162014Assets 2015: $497,492Liabilities 2015: $20,716Net Assets 2015: $476,7762015Assets 2016: $493,290Liabilities 2016: $19,542Net Assets 2016: $473,7482016Assets 2017: $586,395Liabilities 2017: $24,962Net Assets 2017: $561,4332017Assets 2017: $586,395Liabilities 2017: $24,962Net Assets 2017: $561,4332017Assets 2018: $709,754Liabilities 2018: $14,055Net Assets 2018: $695,6992018Assets 2019: $817,524Liabilities 2019: $15,261Net Assets 2019: $802,2632019Assets 2020: $1,933,615Liabilities 2020: $377,276Net Assets 2020: $1,556,3392020Assets 2021: $2,335,372Liabilities 2021: $326,506Net Assets 2021: $2,008,8662021Assets 2022: $2,566,394Liabilities 2022: $348,511Net Assets 2022: $2,217,8832022Assets 2023: $2,802,558Liabilities 2023: $526,768Net Assets 2023: $2,275,7902023Assets 2024: $2,805,894Liabilities 2024: $555,424Net Assets 2024: $2,250,4702024

Highlighted filing

2017

Assets$586,395
Liabilities$24,962
Net Assets$561,433
Open 2017 Filing

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $171,005Expenses 2012: $43,640Net Income 2012: $127,3652012Revenue 2013: $350,043Expenses 2013: $125,050Net Income 2013: $224,9932013Revenue 2014: $280,908Expenses 2014: $214,608Net Income 2014: $66,3002014Revenue 2015: $369,506Expenses 2015: $321,643Net Income 2015: $47,8632015Revenue 2016: $318,643Expenses 2016: $321,671Net Income 2016: -$3,0282016Revenue 2017: $422,843Expenses 2017: $335,158Net Income 2017: $87,6852017Revenue 2017: $422,843Expenses 2017: $335,158Net Income 2017: $87,6852017Revenue 2018: $737,370Expenses 2018: $603,104Net Income 2018: $134,2662018Revenue 2019: $690,593Expenses 2019: $584,029Net Income 2019: $106,5642019Revenue 2020: $13,501,083Expenses 2020: $12,747,007Net Income 2020: $754,0762020Revenue 2021: $2,838,911Expenses 2021: $2,386,384Net Income 2021: $452,5272021Revenue 2022: $2,244,096Expenses 2022: $2,035,079Net Income 2022: $209,0172022Revenue 2023: $2,055,191Expenses 2023: $1,997,284Net Income 2023: $57,9072023Revenue 2024: $2,414,442Expenses 2024: $2,439,756Net Income 2024: -$25,3142024

Highlighted filing

2017

Revenue$422,843
Expenses$335,158
Net Income$87,685
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 23, 2018
Return Version
2017v2.3
Gross Receipts
$422,843
Mission and Program Overview

Mission

Community investment collaborative's mission is to strengthen our community and contribute to economic development by fueling the success of under- resourced entrepreneurs through education, mentoring, micro-lending and networking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$380,412$463,568▲ $83,156
Cash and Non-Interest-Bearing Accounts$22,319$32,716▲ $10,397
Accounts Receivable$23,117$10,427▼ $12,690
Land, Buildings, and Equipment, Net$1,477$2,509▲ $1,032
Prepaid Expenses and Deferred Charges-$203-
Total Assets$493,290$586,395▲ $93,105
Other Assets Total$65,965$76,972▲ $11,007
Liabilities
Other Liabilities$17,239$17,916▲ $677
Accounts Payable and Accrued Expenses$2,303$7,046▲ $4,743
Total Liabilities$19,542$24,962▲ $5,420
Net Assets / Fund Balance
Unrestricted Net Assets$325,717$381,069▲ $55,352
Temporarily Rstr Net Assets$148,031$180,364▲ $32,333
Total Net Assets Fund Balance$473,748$561,433▲ $87,685
Total Liabilities and Net Assets / Fund Balance$493,290$586,395▲ $93,105

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,509$8,804$11,313
Other Assets Org$2,058--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephen DavisPresidentFT$76,990$76,990

Board Members and Trustees

NameTitle
Dana GoldsmithChair
Fax AyresVice Chair
Andrea Copeland-whitsettDirector
Charles ThacherDirector
Laura HornDirector
Lee ElbersonDirector
Philippe SommerDirector
Shawn PendletonDirector
W Mcilwaine Mac ThompsonDirector
Michael LatskoSecretary
Todd KennedyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$397,717
Program Service Revenue
$24,278
Investment Income
$848
Other Revenue
$0
All Other Contributions
$322,298
Change in Net Assets
$87,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$233,392
Other Expenses$101,766
Total Fundraising Expense$40,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$95,576$14,464$17,175$127,215
Current Officers, Directors, Trustees, and Key Employees$57,843$8,754$10,393$76,990
Occupancy$21,319$3,226$3,831$28,376
Office Expenses$12,405$1,878$2,229$16,512
Payroll Taxes$11,660$1,765$2,095$15,520
Other Employee Benefits$10,268$1,554$1,845$13,667
Fees for Services Accounting$7,190$1,088$1,292$9,570
Advertising$6,312--$6,312
Fees for Services Other$3,003$455$540$3,998
Information Technology$2,877$435$517$3,829
All Other Expenses$2,339$304$361$3,004
Other Expenses$2,235$338$402$2,975
Insurance$965$146$173$1,284
Travel$1,235--$1,235
Depreciation Depletion$729--$729
Fees for Services Legal$195$29$35$259
Total Functional Expenses$259,834$34,436$40,888$335,158
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$17,916
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board finance committee meets to review and approve the return before it is submitted.”

Form 990, Page 6, Part VI, Line 12C

“Board members are reminded annually about the conflict of interest policy. The policy is disclosed to all new board members during their orientation period.”

Form 990, Page 6, Part VI, Line 19

“Cic maintains a comprehensive website that describes the organization's mission, governing body, staff, team sponsors, resources, programs, news, calendar of events, and contact information. Additional information is released upon request.”

Filing and Contact Details

Filer

Filer Name
Community Investment Collaborative
EIN
45-4105820
Address
PO BOX 2976, CHARLOTTESVILLE, VA 22902

Signing Officer

Name
Stephen Davis
Title
President
Signed
2018-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Davis
Formed
2012
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
95

Preparer

Firm
Robinson Farmer Cox Associates
Address
530 WESTFIELD RD, CHARLOTTESVILLE, VA 22901-1726
Preparer
Robert M Huff
Phone
4349738314
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“The amended 990 is reclassifying revenues from other contributions to governmental grants.”

Form 990, Page 2, Part III, Line 4D

“Networking: building strong entrepreneurial networks is an underpinning of cic culture. Cic partners with local organizations to offering networking events ranging from market access opportunities at block parties and community fairs to education opportunities through business expos and pitch nights. Partnering organizations include: tom tom founders festival, whole foods market, charlottesville business innovation council, ilab at darden, central virginia small business development center.”

Raw XML AppendixShowing 400 of 445 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02303
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07046
IRS990/AccountsReceivableGrp/BOYAmt023117
IRS990/AccountsReceivableGrp/EOYAmt010427
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0COMMUNITY INVESTMENT COLLABORATIVE'S MISSION IS TO STRENGTHEN OUR COMMUNITY AND CONTRIBUTE TO ECONOMIC DEVELOPMENT BY FUELING THE SUCCESS OF UNDER- RESOURCED ENTREPRENEURS THROUGH EDUCATION, MENTORING, MICRO-LENDING AND NETWORKING.
IRS990/AdvertisingGrp/ProgramServicesAmt06312
IRS990/AdvertisingGrp/TotalAmt06312
IRS990/AllOtherContributionsAmt0322298
IRS990/AllOtherExpensesGrp/FundraisingAmt0361
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0304
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02339
IRS990/AllOtherExpensesGrp/TotalAmt03004
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0STEPHEN DAVIS
IRS990/BooksInCareOfDetail/PhoneNum04342183481
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 2976
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTESVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022903
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt022319
IRS990/CashNonInterestBearingGrp/EOYAmt032716
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt010393
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt08754
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt057843
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt076990
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0397717
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0848
IRS990/CYOtherExpensesAmt0101766
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt024278
IRS990/CYRevenuesLessExpensesAmt087685
IRS990/CYSalariesCompEmpBnftPaidAmt0233392
IRS990/CYTotalExpensesAmt0335158
IRS990/CYTotalFundraisingExpenseAmt040888
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0422843
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0729
IRS990/DepreciationDepletionGrp/TotalAmt0729
IRS990/Desc0EDUCATION: CIC PROVIDES DETAILED BUSINESS EDUCATION USING AN EFFECTIVE AND FOCUSED PROGRAM. TRAINING: PARTICIPANTS MUST COMPLETE A 16 SESSION TRAINING PROGRAM BEFORE APPLYING FOR FINANCING. THE PROGRAM USES A CURRICULUM THAT COMBINES CASE STUDIES, DISCUSSION AND APPLIED LEARNING. BY CREATING A TRUSTED ENVIRONMENT, ENTREPRENEURS LEARN ESSENTIAL SKILLS AND CONFIDENCE TO PURSUE THEIR BUSINESSES. USING VOLUNTEER PROFESSIONALS IN OUR COMMUNITY, CIC NOT ONLY PROVIDES IN-DEPTH LEARNING BUT ALSO EXPANDS PARTICIPANTS' PROFESSIONAL NETWORKS EXPONENTIALLY. TO DATE: 278 GRADUATES REPRESENTING 267 STARTUP OR EXISTING BUSINESSES. 71 NEW BUSINESSES OPENED, 131 FULL TIME EQUIVALENT JOBS CREATED.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0119784
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt01292
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01088
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt07190
IRS990/FeesForServicesAccountingGrp/TotalAmt09570
IRS990/FeesForServicesLegalGrp/FundraisingAmt035
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt029
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0195
IRS990/FeesForServicesLegalGrp/TotalAmt0259
IRS990/FeesForServicesOtherGrp/FundraisingAmt0540
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0455
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt03003
IRS990/FeesForServicesOtherGrp/TotalAmt03998
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0DANA GOLDSMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1FAX AYRES
IRS990/Form990PartVIISectionAGrp/PersonNm2TODD KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL LATSKO
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREA COPELAND-WHITSETT
IRS990/Form990PartVIISectionAGrp/PersonNm5LAURA HORN
IRS990/Form990PartVIISectionAGrp/PersonNm6LEE ELBERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7PHILIPPE SOMMER
IRS990/Form990PartVIISectionAGrp/PersonNm8CHARLES THACHER
IRS990/Form990PartVIISectionAGrp/PersonNm9SHAWN PENDLETON
IRS990/Form990PartVIISectionAGrp/PersonNm10W MCILWAINE MAC THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm11STEPHEN DAVIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1176990
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt075419
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0422843
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0517
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0435
IRS990/InformationTechnologyGrp/ProgramServicesAmt02877
IRS990/InformationTechnologyGrp/TotalAmt03829
IRS990/InsuranceGrp/FundraisingAmt0173
IRS990/InsuranceGrp/ManagementAndGeneralAmt0146
IRS990/InsuranceGrp/ProgramServicesAmt0965
IRS990/InsuranceGrp/TotalAmt01284
IRS990/InvestmentIncomeGrp/ExclusionAmt0848
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0848
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08804
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01477
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02509
IRS990/LandBldgEquipCostOrOtherBssAmt011313
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0473748
IRS990/NetAssetsOrFundBalancesEOYAmt0561433
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt03831
IRS990/OccupancyGrp/ManagementAndGeneralAmt03226
IRS990/OccupancyGrp/ProgramServicesAmt021319
IRS990/OccupancyGrp/TotalAmt028376
IRS990/OfficeExpensesGrp/FundraisingAmt02229
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01878
IRS990/OfficeExpensesGrp/ProgramServicesAmt012405
IRS990/OfficeExpensesGrp/TotalAmt016512
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt065965
IRS990/OtherAssetsTotalGrp/EOYAmt076972
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01845
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01554
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010268
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013667
IRS990/OtherExpensesGrp/Desc0CATERING EVENTS
IRS990/OtherExpensesGrp/Desc1LOAN LOSS PROVISIONS
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP
IRS990/OtherExpensesGrp/Desc3SMALL EQUIPMENT
IRS990/OtherExpensesGrp/FundraisingAmt0402
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0338
IRS990/OtherExpensesGrp/ProgramServicesAmt012174
IRS990/OtherExpensesGrp/ProgramServicesAmt18364
IRS990/OtherExpensesGrp/ProgramServicesAmt23145
IRS990/OtherExpensesGrp/ProgramServicesAmt32235
IRS990/OtherExpensesGrp/TotalAmt012174
IRS990/OtherExpensesGrp/TotalAmt18364
IRS990/OtherExpensesGrp/TotalAmt23145
IRS990/OtherExpensesGrp/TotalAmt32975
IRS990/OtherLiabilitiesGrp/BOYAmt017239
IRS990/OtherLiabilitiesGrp/EOYAmt017916
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017175
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014464
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt095576
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127215
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02095
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01765
IRS990/PayrollTaxesGrp/ProgramServicesAmt011660
IRS990/PayrollTaxesGrp/TotalAmt015520
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0203
IRS990/PrincipalOfficerNm0STEPHEN DAVIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST AND FEES
IRS990/ProgramServiceRevenueGrp/Desc2ENTREPRENEUR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018265
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15913
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018265
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2100
IRS990/ProgSrvcAccomActy2Grp/Desc0FINANCING: UPON SUCCESSFUL COMPLETION OF THE TRAINING PROGRAM, GRADUATES MAY APPLY FOR LOANS UP TO 35,000. AN INDEPENDENT LOAN COMMITTEE, COMPRISED OF TWO BANKERS, TWO BUSINESS OWNERS AND ONE COMMUNITY MEMBER CONSIDER EACH LOAN REQUEST. TO DATE: APPROVED 346,308 IN LOANS TO 40 BORROWERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt044069
IRS990/ProgSrvcAccomActy3Grp/Desc0MENTORING: MENTORS DRAWN FROM LOCAL BUSINESS AND BUSINESS COUNSELING COMMUNITIES MEET REGULARLY WITH CIC ENTREPRENEURS TO PROVIDE ONGOING GUIDANCE AND ADVISORY SUPPORT. THESE MENTORING RELATIONSHIPS CULTIVATE STRONG CROSS COMMUNITY RELATIONSHIPS THAT FREQUENTLY RESULT IN POWERFUL OUTCOMES. TO DATE: 84 MENTOR MATCHES, 18 CURRENTLY ACTIVE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt037754
IRS990/ProgSrvcAccomActyOtherGrp/Desc0NETWORKING: BUILDING STRONG ENTREPRENEURIAL NETWORKS IS AN UNDERPINNING OF CIC CULTURE. CIC PARTNERS WITH LOCAL ORGANIZATIONS TO OFFERING NETWORKING EVENTS RANGING FROM MARKET ACCESS OPPORTUNITIES AT BLOCK PARTIES AND COMMUNITY FAIRS TO EDUCATION OPPORTUNITIES THROUGH BUSINESS EXPOS AND PITCH NIGHTS. PARTNERING ORGANIZATIONS INCLUDE: TOM TOM FOUNDERS FESTIVAL, WHOLE FOODS MARKET, CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL, ILAB AT DARDEN, CENTRAL VIRGINIA SMALL BUSINESS DEVELOPMENT CENTER.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt058227
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0293643
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0747
IRS990/PYOtherExpensesAmt0101004
IRS990/PYProgramServiceRevenueAmt024253
IRS990/PYRevenuesLessExpensesAmt0-3028
IRS990/PYSalariesCompEmpBnftPaidAmt0220667
IRS990/PYTotalExpensesAmt0321671
IRS990/PYTotalRevenueAmt0318643
IRS990/ReconcilationRevenueExpnssAmt087685
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0380412
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0463568
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0397717
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0293643
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0343259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0263983
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0338436
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01637038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0848
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0747
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0773
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0711
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0434
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03513
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt024278
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01620660
IRS990ScheduleA/SubstantialContributorsTotAmt016378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0397717
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0293643
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0343259
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0263983
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0338436
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01637038
IRS990ScheduleA/TotalSupportAmt01640551
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt053457
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt121457
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22058
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOANS OUTSTANDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESSS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02509
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08804
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017916
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02509
IRS990ScheduleD/TotalBookValueOtherAssetsAmt076972
IRS990ScheduleD/TotalLiabilityAmt017916
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AMENDED 990 IS RECLASSIFYING REVENUES FROM OTHER CONTRIBUTIONS TO GOVERNMENTAL GRANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NETWORKING: BUILDING STRONG ENTREPRENEURIAL NETWORKS IS AN UNDERPINNING OF CIC CULTURE. CIC PARTNERS WITH LOCAL ORGANIZATIONS TO OFFERING NETWORKING EVENTS RANGING FROM MARKET ACCESS OPPORTUNITIES AT BLOCK PARTIES AND COMMUNITY FAIRS TO EDUCATION OPPORTUNITIES THROUGH BUSINESS EXPOS AND PITCH NIGHTS. PARTNERING ORGANIZATIONS INCLUDE: TOM TOM FOUNDERS FESTIVAL, WHOLE FOODS MARKET, CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL, ILAB AT DARDEN, CENTRAL VIRGINIA SMALL BUSINESS DEVELOPMENT CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD FINANCE COMMITTEE MEETS TO REVIEW AND APPROVE THE RETURN BEFORE IT IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REMINDED ANNUALLY ABOUT THE CONFLICT OF INTEREST POLICY. THE POLICY IS DISCLOSED TO ALL NEW BOARD MEMBERS DURING THEIR ORIENTATION PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CIC MAINTAINS A COMPREHENSIVE WEBSITE THAT DESCRIBES THE ORGANIZATION'S MISSION, GOVERNING BODY, STAFF, TEAM SPONSORS, RESOURCES, PROGRAMS, NEWS, CALENDAR OF EVENTS, AND CONTACT INFORMATION. ADDITIONAL INFORMATION IS RELEASED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0148031
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0180364
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0493290
IRS990/TotalAssetsEOYAmt0586395
IRS990/TotalAssetsGrp/BOYAmt0493290
IRS990/TotalAssetsGrp/EOYAmt0586395
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0397717
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040888
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034436
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0259834
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335158
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019542
IRS990/TotalLiabilitiesEOYAmt024962
IRS990/TotalLiabilitiesGrp/BOYAmt019542
IRS990/TotalLiabilitiesGrp/EOYAmt024962
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0473748
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0561433
IRS990/TotalOtherProgSrvcExpenseAmt058227
IRS990/TotalProgramServiceExpensesAmt0259834
IRS990/TotalProgramServiceRevenueAmt024278
IRS990/TotalReportableCompFromOrgAmt076990
IRS990/TotalRevenueGrp/ExclusionAmt0848
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024278
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0422843
IRS990/TotalVolunteersCnt095
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0493290
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0586395
IRS990/TravelGrp/ProgramServicesAmt01235
IRS990/TravelGrp/TotalAmt01235
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$586,395
Liabilities
$24,962
Net assets
$561,433
Revenue
$422,843
Expenses
$335,158
Net income
$87,685
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.81$0.56$2.25$2.41$2.44$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$0.53$2.28$2.06$2.00$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.35$2.22$2.24$2.04$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$0.33$2.01$2.84$2.39$0.45
2020Detailed filing. Detailed filing data is available for this year.$1.93$0.38$1.56$13.5$12.7$0.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.02$0.80$0.69$0.58$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$0.74$0.60$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.56$0.42$0.34$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.02$0.56$0.42$0.34$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.02$0.47$0.32$0.32$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.02$0.48$0.37$0.32$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.01$0.42$0.28$0.21$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.35$0.35$0.13$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.13$0.17$0.04$0.13