Civic Intelligence

Morrisville Innovation Foundation

990EZ • Fiscal year 2017 • EIN 46-0829323

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 15, 2018

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

74th percentile

0.07x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Net Margin

27th percentile

-4.9%

Higher net margin than 27% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2017 filings • NTEE S20 • <$500k nonprofits • Source year 2017

Asset Growth

15th percentile

-24%

Faster asset growth than 15% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

-10.0%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • NTEE S20 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$14,985

Down $4,838 (-24%) from 2016

Net Assets

Down

$13,985

Down $4,588 (-25%) from 2016

Liabilities

Down

$1,000

Down $250 (-20%) from 2016

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin27th percentile

Revenue

Down

$93,761

Down $10,377 (-10.0%) from 2016

Expenses

Up

$98,349

Up $3,263 (+3.4%) from 2016

Net Income

Down

-$4,588

Down $13,640 (-151%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2017

Assets$14,985
Liabilities$1,000
Net Assets$13,985
Open 2017 Filing

Operations Trend

Revenue Growth39th 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

2017

Revenue$93,761
Expenses$98,349
Net Income-$4,588
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 15, 2018
Return Version
2017v2.2
Gross Receipts
$93,761
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-$92,859
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amish PatelDirector-$0--
Creighton BlackwellImmediate Past Chair-$0--
Mark LawsonDirector-$0--
Roger McGeeTreasurer-$0--
Annette StevensonDirector-$0--
Sarah GaskillExecutive DirectorPT$0--
Karen OndrickDirector-$0--
Sandy GaretonChair-$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
Exec Director
Phone
9194637154
Signed
2018-02-15
Discuss with paid preparer
No

Preparer

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

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDues and Subscriptions 1,265Insurance 875Bank Charges and Other 10Direct Program Expenses 92,859Travel and Meals 1,561Conferences 1,190Website and Technology 364”

Description of other assets Part II line 24

“Category Beginning of Year End of YearPrepaids 0 1,475Receivables 0 1,000”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearDeferred Revenue 1,250 1,000”

Raw XML Appendix169 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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ReturnHeader/FilingSecurityInformation/IPTm009:06:34
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Turchetti
ReturnHeader/ReturnTs02018-02-16T08:18:59-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$14,985
Liabilities
$1,000
Net assets
$13,985
Revenue
$93,761
Expenses
$98,349
Net income
-$4,588
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