Civic Intelligence

Morrisville Innovation Foundation

990EZ • Fiscal year 2015 • EIN 46-0829323

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 15, 2016

Organization Profilewww.morrisvillenc.org
260 Town Hall DriveMorrisville, NC 27560

(919) 463-7150

Siviq Scores

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

Liabilities / Assets

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • NTEE S20 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • NTEE S20 • <$500k nonprofits • Source year 2015

Net Margin

35th percentile

-0.0%

Higher net margin than 35% of similar nonprofits.

2015 filings • NTEE S20 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • NTEE S20 • <$500k nonprofits • Source year 2015

Asset Growth

12th percentile

-47%

Faster asset growth than 12% of similar nonprofits.

2015 filings • NTEE S20 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

-8.2%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • NTEE S20 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$9,521

Down $8,520 (-47%) from 2014

Net Assets

Down

$9,521

Down $20 (-0.2%) from 2014

Liabilities

Down

$0

Down $8,500 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin35th percentile

Revenue

Down

$80,703

Down $7,219 (-8.2%) from 2014

Expenses

Down

$80,723

Down $10,256 (-11%) from 2014

Net Income

Up

-$20

Up $3,037 (+99%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$40K$30K$20K$10K$0Assets 2013: $12,598Liabilities 2013: $02013Assets 2014: $18,041Liabilities 2014: $8,500Net Assets 2014: $9,5412014Assets 2015: $9,521Liabilities 2015: $0Net Assets 2015: $9,5212015Assets 2016: $19,823Liabilities 2016: $1,250Net Assets 2016: $18,5732016Assets 2017: $14,985Liabilities 2017: $1,000Net Assets 2017: $13,9852017Assets 2018: $37,378Liabilities 2018: $22,603Net Assets 2018: $14,7752018Assets 2019: $39,227Liabilities 2019: $22,734Net Assets 2019: $16,4932019Assets 2020: $32,539Liabilities 2020: $23,033Net Assets 2020: $9,5062020Assets 2021: $36,258Liabilities 2021: $23,246Net Assets 2021: $13,0122021Assets 2022: $36,194Liabilities 2022: $23,246Net Assets 2022: $12,9482022Assets 2023: $36,194Liabilities 2023: $23,246Net Assets 2023: $12,9482023

Highlighted filing

2015

Assets$9,521
Liabilities$0
Net Assets$9,521
Open 2015 Filing

Operations Trend

Revenue Growth37th percentile

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

$150K$100K$50K$0-$50KRevenue 2013: $84,608Expenses 2013: $72,010Net Income 2013: $12,5982013Revenue 2014: $87,922Expenses 2014: $90,979Net Income 2014: -$3,0572014Revenue 2015: $80,703Expenses 2015: $80,723Net Income 2015: -$202015Revenue 2016: $104,138Expenses 2016: $95,086Net Income 2016: $9,0522016Revenue 2017: $93,761Expenses 2017: $98,349Net Income 2017: -$4,5882017Revenue 2018: $89,249Expenses 2018: $88,459Net Income 2018: $7902018Revenue 2019: $102,024Expenses 2019: $100,306Net Income 2019: $1,7182019Revenue 2020: $44,060Expenses 2020: $51,047Net Income 2020: -$6,9872020Revenue 2021: $49,574Expenses 2021: $46,068Net Income 2021: $3,5062021Expenses 2022: $642022Revenue 2023: $51,063Expenses 2023: $51,063Net Income 2023: $02023

Highlighted filing

2015

Revenue$80,703
Expenses$80,723
Net Income-$20
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 15, 2016
Return Version
2015v2.1
Gross Receipts
$80,703
Mission and Program Overview

Mission

Economic development in Morrisville

Program Services

DescriptionGrantsExpenses
Creating a public and private partnership for economic and community development in Morrisville Identify and foster entrepreneurship and community leaders for economic prosperity-$78,979
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah GaskillSecretaryPT$0--
Creighton BlackwellChair-$0--
Jason FaberVice Chair-$0--
Joel GraybealTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Morrisville Innovation Foundation
EIN
46-0829323
Address
260 Town Hall Drive, Morrisville, NC 27560

Signing Officer

Name
Sarah Gaskill
Title
Secretary
Phone
9194637150
Signed
2016-02-15
Discuss with paid preparer
No

Preparer

Firm
PT CPAs PLLC
Address
7610 Falls of Neuse Rd Ste 100, Raleigh, NC 27615
Preparer
Joseph Turchetti
Phone
9198476800
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDues and Subscriptions 705Insurance 822Bank Charges and Other 132Direct Program Expenses 78,319Travel and meals 495”

Description of other assets Part II line 24

“Category Beginning of Year End of YearPrepaid Expenses 350 0”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearDeferred Revenue 8,500 0”

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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Morrisville
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Sarah Gaskill
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Jason Faber
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Joel Graybeal
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0350
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt080473
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Economic development in Morrisville
IRS990EZ/ProgramServiceRevenueAmt028368
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt078979
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt08500
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt080723
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.morrisvillenc.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt052335
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt069729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt063894
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0185958
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95930
IRS990ScheduleA/PublicSupportPY170Pct00.95000
IRS990ScheduleA/PublicSupportTotal170Amt0178396
IRS990ScheduleA/SubstantialContributorsTotAmt07562
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt052335
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt063894
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearDeferred Revenue 8,500 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/BuildTS02016-09-27 15:27:22Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum09194637150
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ReturnHeader/Filer/EIN0460829323
ReturnHeader/Filer/USAddress/AddressLine1Txt0260 Town Hall Drive
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027560
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198476800
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Turchetti
ReturnHeader/ReturnTs02016-02-19T13:01:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$9,521
Liabilities
$0
Net assets
$9,521
Revenue
$80,703
Expenses
$80,723
Net income
-$20
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.36$0.23$0.13$0.51$0.51$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.23$0.13$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.36$0.23$0.13$0.50$0.46$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.33$0.23$0.10$0.44$0.51$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.39$0.23$0.16$1.02$1.00$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.23$0.15$0.89$0.88$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.94$0.98$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$1.04$0.95$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.81$0.81$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.09$0.10$0.88$0.91$0.03
2013Summary only. Only limited summary data is available for this year.$0.13$0.00$0.85$0.72$0.13