Civic Intelligence

College Foundation Inc Voluntary Employee Beneficiary Association Trust

990 • Fiscal year 2015 • EIN 45-7023246

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 12, 2016

Organization ProfileN/A
2917 Highwoods BlvdRaleigh, NC 27604

(919) 834-2893

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2015

Net Margin

95th percentile

73%

Higher net margin than 95% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$212,452

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 58.0% of source-year revenue.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2015

Asset Growth

55th percentile

1.7%

Faster asset growth than 55% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-90%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$8,279,260

Up $134,852 (+1.7%) from 2014

Net Assets

Up

$8,278,552

Up $134,944 (+1.7%) from 2014

Liabilities

Down

$708

Down $92 (-12%) from 2014

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin95th percentile

Revenue

Down

$366,096

Down $3,389,978 (-90%) from 2014

Expenses

Up

$97,361

Up $91,002 (+1431%) from 2014

Net Income

Down

$268,735

Down $3,480,980 (-93%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$15M$10M$5.0M$0Assets 2013: $4,027,835Liabilities 2013: $0Net Assets 2013: $4,027,8352013Assets 2014: $8,144,408Liabilities 2014: $800Net Assets 2014: $8,143,6082014Assets 2015: $8,279,260Liabilities 2015: $708Net Assets 2015: $8,278,5522015Assets 2016: $8,402,698Liabilities 2016: $5,814Net Assets 2016: $8,396,8842016Assets 2017: $8,849,192Liabilities 2017: $5,588Net Assets 2017: $8,843,6042017Assets 2018: $9,335,609Liabilities 2018: $5,822Net Assets 2018: $9,329,7872018Assets 2019: $9,753,046Liabilities 2019: $5,617Net Assets 2019: $9,747,4292019Assets 2020: $10,418,782Liabilities 2020: $5,993Net Assets 2020: $10,412,7892020Assets 2021: $12,214,579Liabilities 2021: $7,907Net Assets 2021: $12,206,6722021Assets 2022: $10,668,769Liabilities 2022: $5,246Net Assets 2022: $10,663,5232022Assets 2023: $11,219,547Liabilities 2023: $0Net Assets 2023: $11,219,5472023Assets 2024: $12,372,422Liabilities 2024: $0Net Assets 2024: $12,372,4222024

Highlighted filing

2015

Assets$8,279,260
Liabilities$708
Net Assets$8,278,552
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2013: $3,996,481Expenses 2013: $0Net Income 2013: $3,996,4812013Revenue 2014: $3,756,074Expenses 2014: $6,359Net Income 2014: $3,749,7152014Revenue 2015: $366,096Expenses 2015: $97,361Net Income 2015: $268,7352015Revenue 2016: $212,893Expenses 2016: $113,424Net Income 2016: $99,4692016Revenue 2017: $266,488Expenses 2017: $104,023Net Income 2017: $162,4652017Revenue 2018: $367,406Expenses 2018: $129,224Net Income 2018: $238,1822018Revenue 2019: $370,579Expenses 2019: $146,617Net Income 2019: $223,9622019Revenue 2020: $430,315Expenses 2020: $157,183Net Income 2020: $273,1322020Revenue 2021: $730,410Expenses 2021: $168,622Net Income 2021: $561,7882021Revenue 2022: $398,352Expenses 2022: $208,551Net Income 2022: $189,8012022Revenue 2023: $426,343Expenses 2023: $235,735Net Income 2023: $190,6082023Revenue 2024: $383,378Expenses 2024: $239,344Net Income 2024: $144,0342024

Highlighted filing

2015

Revenue$366,096
Expenses$97,361
Net Income$268,735
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 12, 2016
Return Version
2014v6.0
Gross Receipts
$366,096
Mission and Program Overview

Mission

None.

The purpose of the trust is to provide payment of post-retirement benefits in the form of medical and dental insurance premium reimbursement to eligible participants, pursuant to the college foundation, inc. Post-retirement benefit plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$8,144,408$8,279,260▲ $134,852
Cap Stk Tr Prin Current Funds$7,541,086$7,572,171▲ $31,085
Rtn Earn Endowment Incm Other Fnds$602,522$706,381▲ $103,859
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$8,144,408$8,279,260▲ $134,852
Liabilities
Accounts Payable and Accrued Expenses$800$708▼ $92
Total Liabilities$800$708▼ $92
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,143,608$8,278,552▲ $134,944
Total Liabilities and Net Assets / Fund Balance$8,144,408$8,279,260▲ $134,852

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$411,597--
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Wendy H McalisterTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$366,096
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$268,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$363,154
Revenue Not Reported on Financial Statements
$2,942
Revenue Not Reported on Form 990
$-133,791
Total Revenue per Audited Statements
$229,363
Total Revenue per Form 990
$366,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,279
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$68,082--$68,082
Fees for Service Investment Mgmnt Fees$22,643--$22,643
Fees for Services Other$6,636--$6,636
Total Functional Expenses$97,361$0$0$97,361

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$97,361
Expenses per Audited Statements$94,419
Total Expenses per Audited Statements$94,419
Expenses Not Reported on Financial Statements$2,942
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“There are no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11

“Form 990 is prepared by the financial services manager of college foundation, inc. (related organization) and reviewed by the foundation's vice president of financial services and its legal counsel before being submitted to trustee wendy h. Mcalister for review prior to filing.”

Form 990, Part VI, Section C, line 19

“Governing documents and financial statements may be viewed upon request at the offices of college foundation, inc. Located in raleigh, nc.”

Filing and Contact Details

Filer

Filer Name
College Foundation Inc Voluntary
EIN
45-7023246
Phone
9198342893
Address
2917 HIGHWOODS BLVD, RALEIGH, NC 27604

Signing Officer

Name
Wendy H Mcalister
Title
Trustee
Phone
9198342893
Signed
2016-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy H Mcalister
Formed
2012
Legal Domicile
Nc
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Koonce Wooten & Haywood LLP
Address
P O Box 17806, Raleigh, NC 27619-7806
Preparer
Christopher Duffus
Phone
9197829265
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

“During the year ended june 30, 2015, the trust began paying out post-retirement medical and dental insurance premium reimbursement benefits formerly paid from general assets of the sponsoring employer.”

Form 990, Part XII, Line 2C:

“The organization has not changed its oversight process or selection process during the tax year.”

Raw XML Appendix360 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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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4AMERICAN BALANCED FUND
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8TD BANK USA MMDA
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0RELATED ORGANIZATION COLLEGE FOUNDATION, INC. USES INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY BOARD OR COMPENSATION COMMITTEE METHODS IN ESTABLISHING COMPENSATION FOR ITS CEO.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING THE YEAR ENDED JUNE 30, 2015, THE TRUST BEGAN PAYING OUT POST-RETIREMENT MEDICAL AND DENTAL INSURANCE PREMIUM REIMBURSEMENT BENEFITS FORMERLY PAID FROM GENERAL ASSETS OF THE SPONSORING EMPLOYER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY THE FINANCIAL SERVICES MANAGER OF COLLEGE FOUNDATION, INC. (RELATED ORGANIZATION) AND REVIEWED BY THE FOUNDATION'S VICE PRESIDENT OF FINANCIAL SERVICES AND ITS LEGAL COUNSEL BEFORE BEING SUBMITTED TO TRUSTEE WENDY H. MCALISTER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS MAY BE VIEWED UPON REQUEST AT THE OFFICES OF COLLEGE FOUNDATION, INC. LOCATED IN RALEIGH, NC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0566046937
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ADMIN EDUC PRGMS FOR NC STATE EDUCATION ASSISTANCE AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 11a, I
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08144408
IRS990/TotalAssetsEOYAmt08279260
IRS990/TotalAssetsGrp/BOYAmt08144408
IRS990/TotalAssetsGrp/EOYAmt08279260
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097361
IRS990/TotalFunctionalExpensesGrp/TotalAmt097361
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08278552
IRS990/TotalOtherCompensationAmt023380
IRS990/TotalProgramServiceExpensesAmt097361
IRS990/TotalProgramServiceRevenueAmt0366096
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0366096
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0366096
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08144408
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08279260
IRS990/TotReportableCompRltdOrgAmt0189072
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02917 HIGHWOODS BLVD
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027604
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WENDY H MCALISTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09198342893
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLLEGE FOUNDATION INC VOLUNTARY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EMPLOYEE BENEFICIARY ASSOCIATION TRUST
ReturnHeader/Filer/BusinessNameControlTxt0COLL
ReturnHeader/Filer/EIN0457023246
ReturnHeader/Filer/PhoneNum09198342893
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ReturnHeader/Filer/USAddress/ZIPCd027604
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560517823
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Koonce Wooten & Haywood LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 17806
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0276197806
ReturnHeader/PreparerPersonGrp/PhoneNum09197829265
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER DUFFUS
ReturnHeader/ReturnTs02016-02-12T07:23:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,279,260
Liabilities
$708
Net assets
$8,278,552
Revenue
$366,096
Expenses
$97,361
Net income
$268,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.4$0.00$12.4$0.38$0.24$0.14
2023Detailed filing. Detailed filing data is available for this year.$11.2$0.00$11.2$0.43$0.24$0.19
2022Detailed filing. Detailed filing data is available for this year.$10.7$0.01$10.7$0.40$0.21$0.19
2021Detailed filing. Detailed filing data is available for this year.$12.2$0.01$12.2$0.73$0.17$0.56
2020Detailed filing. Detailed filing data is available for this year.$10.4$0.01$10.4$0.43$0.16$0.27
2019Detailed filing. Detailed filing data is available for this year.$9.75$0.01$9.75$0.37$0.15$0.22
2018Detailed filing. Detailed filing data is available for this year.$9.34$0.01$9.33$0.37$0.13$0.24
2017Detailed filing. Detailed filing data is available for this year.$8.85$0.01$8.84$0.27$0.10$0.16
2016Detailed filing. Detailed filing data is available for this year.$8.40$0.01$8.40$0.21$0.11$0.10
2015Detailed filing. Detailed filing data is available for this year.$8.28$0.00$8.28$0.37$0.10$0.27
2014Detailed filing. Detailed filing data is available for this year.$8.14$0.00$8.14$3.76$0.01$3.75
2013Summary only. Only limited summary data is available for this year.$4.03$0.00$4.03$4.00$0.00$4.00