Civic Intelligence

College Foundation Inc Voluntary Employee Beneficiary Association Trust

990 • Fiscal year 2019 • EIN 45-7023246

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 03, 2020

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

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

43rd percentile

0.02x

Higher debt load relative to revenue than 43% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Net Margin

92nd percentile

60%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$246,063

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 66.4% of source-year revenue.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Asset Growth

40th percentile

4.5%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

0.9%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$9,753,046

Up $417,437 (+4.5%) from 2018

Net Assets

Up

$9,747,429

Up $417,642 (+4.5%) from 2018

Liabilities

Down

$5,617

Down $205 (-3.5%) from 2018

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin92nd percentile

Revenue

Up

$370,579

Up $3,173 (+0.9%) from 2018

Expenses

Up

$146,617

Up $17,393 (+13%) from 2018

Net Income

Down

$223,962

Down $14,220 (-6.0%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2019

Assets$9,753,046
Liabilities$5,617
Net Assets$9,747,429
Open 2019 Filing

Operations Trend

Revenue Growth38th 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

2019

Revenue$370,579
Expenses$146,617
Net Income$223,962
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 3, 2020
Return Version
2018v3.0
Gross Receipts
$370,579
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$9,329,751$9,747,213▲ $417,462
Cap Stk Tr Prin Current Funds$7,651,831$7,670,708▲ $18,877
Rtn Earn Endowment Incm Other Fnds$1,677,956$2,076,721▲ $398,765
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$9,335,609$9,753,046▲ $417,437
Other Assets Total$5,858$5,833▼ $25
Liabilities
Accounts Payable and Accrued Expenses$5,822$5,617▼ $205
Total Liabilities$5,822$5,617▼ $205
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,329,787$9,747,429▲ $417,642
Total Liabilities and Net Assets / Fund Balance$9,335,609$9,753,046▲ $417,437

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$467,611--
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
Karl D Vass JrTrustee
Wendy H McAlisterTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$370,579
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$223,962

Audited Revenue Reconciliation

Revenue per Audited Statements
$367,641
Revenue Not Reported on Financial Statements
$2,938
Revenue Not Reported on Form 990
$197,892
Other Revenue Adjustments
$2,938
Total Revenue per Audited Statements
$565,533
Total Revenue per Form 990
$370,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,400
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---$125,217
Fees for Service Investment Mgmnt Fees---$21,400
Total Functional Expenses$0$0$0$146,617

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$148,359
Total Expenses per Form 990$146,617
Expenses per Audited Statements$143,679
Expenses Not Reported on Form 990$4,680
Expenses Not Reported on Financial Statements$2,938
Other Expense Adjustments$2,938
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
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
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 2

“Trustees Wendy McAlister and Karl Vass, Jr. had a business relationship.”

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 11B

“Form 990 is prepared by staff of College Foundation, Inc. (related organization) and reviewed by the Foundation's legal counsel and Trustees Karl Vass, Jr and Wendy McAlister 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 Voluntary Employee Beneficiary Association
EIN
45-7023246
Phone
9198342893
Address
2917 Highwoods Blvd, Raleigh, NC 27604

Signing Officer

Name
Karl Vass Jr
Title
Trustee
Phone
9198352320
Signed
2020-04-03

Organization Details

Principal Officer
Wendy H McAlister
Formed
2012
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part XI, Line 2D

“Plan administrative expenses paid by College Foundation, Inc.”

Schedule D, Part XI, Line 4B

“Investment expenses not included on Form 990 Part VIII Line 2a.”

Schedule D, Part XII, Line 2D

“Plan administrative expenses paid or accrued by College Foundation, Inc.”

Schedule D, Part XII, Line 4B

“Investment expenses not included on Form 990 Part VIII Line 2a.”

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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/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013538
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt110099
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016453
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt110168
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt11032
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Wendy H McAlister
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Karl D Vass Jr
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0246063
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1174544
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Related organization College Foundation, Inc. used Form 990 of other organizations, compensation survey or study, and approval by Board or Compensation Committee methods in establishing compensation for its CEO.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Trustees Wendy McAlister and Karl Vass, Jr. had a business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is prepared by staff of College Foundation, Inc. (related organization) and reviewed by the Foundation's legal counsel and Trustees Karl Vass, Jr and Wendy McAlister 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/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0College Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0566046937
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Administer programs for NCSEAA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 11a, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02917 Highwoods Blvd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Raleigh
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027604
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/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09335609
IRS990/TotalAssetsEOYAmt09753046
IRS990/TotalAssetsGrp/BOYAmt09335609
IRS990/TotalAssetsGrp/EOYAmt09753046
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0146617
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05822
IRS990/TotalLiabilitiesEOYAmt05617
IRS990/TotalLiabilitiesGrp/BOYAmt05822
IRS990/TotalLiabilitiesGrp/EOYAmt05617
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09329787
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09747429
IRS990/TotalOtherCompensationAmt050258
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0146617
IRS990/TotalProgramServiceRevenueAmt0370579
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0370579
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0370579
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09335609
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09753046
IRS990/TotReportableCompRltdOrgAmt0370349
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02917 Highwoods Blvd
IRS990/USAddress/CityNm0Raleigh
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027604
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Karl Vass Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum09198352320
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLLEGE FOUNDATION VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0COLL
ReturnHeader/Filer/EIN0457023246
ReturnHeader/Filer/PhoneNum09198342893
ReturnHeader/Filer/USAddress/AddressLine1Txt02917 Highwoods Blvd
ReturnHeader/Filer/USAddress/CityNm0Raleigh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,753,046
Liabilities
$5,617
Net assets
$9,747,429
Revenue
$370,579
Expenses
$146,617
Net income
$223,962
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