Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Innovative Solutions Consortium Inc
EIN 45-4237884 • 501(c)6 • Leesburg, VA
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
12.89x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
25th percentile
Faster asset growth than 25% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Balance Sheet
Assets
Down$3,384
Down $985 (-23%) from 2014
Liabilities
Up$43,606
Up $4,288 (+11%) from 2014
Net Assets
-$40,222
No earlier filing loaded for comparison.
Revenue
Down$14,685
Down $126,223 (-90%) from 2014
Expenses
Down$19,958
Down $142,140 (-88%) from 2014
Net Income
Up-$5,273
Up $15,917 (+75%) from 2014
Trend Graphs
Filings
Most recent year
2015 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $3,384
- Liabilities
- $43,606
- Net assets
- -$40,222
- Revenue
- $14,685
- Expenses
- $19,958
- Net income
- -$5,273
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending. | $0.03 | $0.44 | $0.40 | $0.15 | $0.20 | $0.05 |
| 2014Summary only. Only limited summary data is available for this year. | $0.04 | $0.39 | $1.41 | $1.62 | $0.21 | |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Nov 15, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $16,020
Mission and Program Overview
Mission
Developing innovative solutions to hard problems
Program Services
| Description | Grants | Expenses |
|---|---|---|
| HOSTED AND CONDUCTED THE FIRST PUBLIC OUTSOURCING INTIATIVE FOR LOUDOUN COUNTY PUBLIC SCHOOLS IN THE COMMONWEALTH OF VIRGINIA. THIS WAS CONDUCTED FOR FREE FOR THE COUNTY WITH PROFESSIONAL SERVICES DONATED IN THE AMOUNT OF $350,000 FROM ISC, INC. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KENNETH SPEDDEN | Founder, Director, CEO | PT | $0 | - | - |
| STEPHEN HUNT | Executive Director | PT | $0 | - | - |
| BRIAN GIBLIN | President | - | $0 | - | - |
| JACK HUGHES | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Innovative Solutions Consortium Inc
- EIN
- 45-4237884
- Phone
- 7039281466
- Address
- 202 CHURCH STREET SE NO 548, LEESBURG, VA 20175
Signing Officer
- Name
- Kenneth Spedden
- Title
- Founder
- Phone
- 7039281466
- Signed
- 2016-11-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Yount Hyde & Barbour Pc
- Address
- PO BOX 2560, WINCHESTER, VA 22604-1760
- Preparer
- Olivia a Hutton CPA
- Phone
- 5406623417
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: insurance. Amount: 2,384. Description: registration and licenses. Amount: 116. Description: it equipment and software. Amount: 2,709. Description: website. Amount: 11,437. Description: bank fees. Amount: 1,356. Description: paypal fees. Amount: 268. Description: miscellaneous. Amount: 349. Description: meals and entertainment. Amount: 1,274. Description: travel. Amount: 29. Total to form 990-ez, line 16: 19,922.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: credit card liabilities. Beg. Of year amount: 10,175. End of year amount: 11,237. Description: loan from kenneth spedden. Beg. Of year amount: 17,613. End of year amount: 17,599. Description: loan from stephen hunt. Beg. Of year amount: 11,080. End of year amount: 11,080. Description: loan from brian giblin. Beg. Of year amount: 450. End of year amount: 450. Description: accounts payable. Beg. Of year amount: 0. End of year amount: 3,240.”
Raw XML Appendix141 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7039281466 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 202 CHURCH STREET SE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LEESBURG |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 20175 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 4369 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 3384 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 9250 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -5273 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 36 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 4369 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 3384 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 1420 |
| IRS990EZ/GrossReceiptsAmt | 0 | 16020 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 29129 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 1 |
| IRS990EZ/MembershipDuesAmt | 0 | 5350 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -34949 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -40222 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -34949 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -40222 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KENNETH SPEDDEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | STEPHEN HUNT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BRIAN GIBLIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JACK HUGHES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | FOUNDER, DIRECTOR, CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | EXECUTIVE DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 19922 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | DEVELOPING INNOVATIVE SOLUTIONS TO HARD PROBLEMS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | HOSTED AND CONDUCTED THE FIRST PUBLIC OUTSOURCING INTIATIVE FOR LOUDOUN COUNTY PUBLIC SCHOOLS IN THE COMMONWEALTH OF VIRGINIA. THIS WAS CONDUCTED FOR FREE FOR THE COUNTY WITH PROFESSIONAL SERVICES DONATED IN THE AMOUNT OF $350,000 FROM ISC, INC. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 1335 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 85 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 39318 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 43606 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 19958 |
| IRS990EZ/TotalRevenueAmt | 0 | 14685 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.ISC-CONNECT.ORG |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 17599 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 1 | 11080 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 2 | 450 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 1 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 2 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 1 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 2 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | SUPPORT OPS |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 1 | SUPPORT OPS |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 2 | SUPPORT OPS |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 1 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 2 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 17613 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 1 | 11080 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 2 | 450 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | KENNETH SPEDDEN |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 1 | STEPHEN HUNT |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 2 | BRIAN GIBLIN |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | CEO |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 1 | EXEC DIRECTOR |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 2 | PRESIDENT |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 1 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 2 | 0 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 29129 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INSURANCE. AMOUNT: 2,384. DESCRIPTION: REGISTRATION AND LICENSES. AMOUNT: 116. DESCRIPTION: IT EQUIPMENT AND SOFTWARE. AMOUNT: 2,709. DESCRIPTION: WEBSITE. AMOUNT: 11,437. DESCRIPTION: BANK FEES. AMOUNT: 1,356. DESCRIPTION: PAYPAL FEES. AMOUNT: 268. DESCRIPTION: MISCELLANEOUS. AMOUNT: 349. DESCRIPTION: MEALS AND ENTERTAINMENT. AMOUNT: 1,274. DESCRIPTION: TRAVEL. AMOUNT: 29. TOTAL TO FORM 990-EZ, LINE 16: 19,922. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: CREDIT CARD LIABILITIES. BEG. OF YEAR AMOUNT: 10,175. END OF YEAR AMOUNT: 11,237. DESCRIPTION: LOAN FROM KENNETH SPEDDEN. BEG. OF YEAR AMOUNT: 17,613. END OF YEAR AMOUNT: 17,599. DESCRIPTION: LOAN FROM STEPHEN HUNT. BEG. OF YEAR AMOUNT: 11,080. END OF YEAR AMOUNT: 11,080. DESCRIPTION: LOAN FROM BRIAN GIBLIN. BEG. OF YEAR AMOUNT: 450. END OF YEAR AMOUNT: 450. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 3,240. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KENNETH SPEDDEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | FOUNDER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7039281466 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INNOVATIVE SOLUTIONS CONSORTIUM INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INNO |
| ReturnHeader/Filer/EIN | 0 | 454237884 |
| ReturnHeader/Filer/PhoneNum | 0 | 7039281466 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 202 CHURCH STREET SE NO 548 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LEESBURG |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 20175 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 541149263 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | YOUNT HYDE & BARBOUR PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 2560 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WINCHESTER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 226041760 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5406623417 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | OLIVIA A HUTTON CPA |
| ReturnHeader/ReturnTs | 0 | 2016-11-15T12:02:58-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
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