Civic Intelligence

Visnet

990 • Fiscal year 2014 • EIN 46-0974764

Jul 01, 2013 to Jun 30, 2014 • Filed on May 05, 2015

PO Box 460127404

(704) 461-1812

Siviq Scores

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

Liabilities / Assets

91st percentile

0.74x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

0.06x

Higher debt load relative to revenue than 77% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

48th percentile

2.3%

Higher net margin than 48% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$20,884

No earlier filing loaded for comparison.

Net Assets

$5,447

No earlier filing loaded for comparison.

Liabilities

$15,437

No earlier filing loaded for comparison.

Revenue

$240,303

No earlier filing loaded for comparison.

Expenses

$234,856

No earlier filing loaded for comparison.

Net Income

$5,447

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2014: $20,884Liabilities 2014: $15,437Net Assets 2014: $5,4472014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2014

Assets$20,884
Liabilities$15,437
Net Assets$5,447

Operations Trend

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

$300K$200K$100K$0Revenue 2014: $240,303Expenses 2014: $234,856Net Income 2014: $5,4472014Revenue 2015: $262,283Expenses 2015: $252,013Net Income 2015: $10,2702015

Highlighted filing

2014

Revenue$240,303
Expenses$234,856
Net Income$5,447
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 5, 2015
Return Version
2013v4.0
Gross Receipts
$240,303
Mission and Program Overview

Mission

To support independent schools by providing affordable online resources and tools to support innovative teaching and learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$16,828▲ $16,828
Accounts Receivable$0$4,056▲ $4,056
Total Assets$0$20,884▲ $20,884
Liabilities
Accounts Payable and Accrued Expenses$0$14,958▲ $14,958
Other Liabilities$0$479▲ $479
Total Liabilities$0$15,437▲ $15,437
Net Assets / Fund Balance
Unrestricted Net Assets$0$5,447▲ $5,447
Total Net Assets Fund Balance$0$5,447▲ $5,447
Total Liabilities and Net Assets / Fund Balance$0$20,884▲ $20,884
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter Denton JrPresident
Don BergerVice President
Andy TuckerDirector
Brent StimmelDirector
David GilbertDirector
Karl SchaeferDirector
Kathleen ChristopherDirector
Mari LovoDirector
Matt ZiglerDirector
Warren GouldDirector
Linda S NelsonExecutive Director
Mark HaleSecretary
Karl SjolundTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$53,650
Program Service Revenue
$186,334
Investment Income
$0
Other Revenue
$319
All Other Contributions
$13,500
Change in Net Assets
$5,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$240,303
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$240,303
Total Revenue per Form 990
$240,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,703
Salaries, Compensation, and Employee Benefits$83,153
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$125,293--$125,293
Other Salaries and Wages-$71,800-$71,800
Fees for Services Other-$7,753-$7,753
Travel-$7,512-$7,512
Insurance-$6,382-$6,382
Pension Plan Contributions-$5,860-$5,860
Payroll Taxes-$5,493-$5,493
Office Expenses-$3,598-$3,598
Fees for Services Accounting-$383-$383
Other Expenses$269$273-$269
Fees for Services Legal-$240-$240
Total Functional Expenses$125,562$109,294$0$234,856

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$234,856
Total Expenses per Audited Statements$234,856
Total Expenses per Form 990$234,856
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Income$479
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Line 11a explanation - a copy of the irs form 990 is provided to the organizations officers and board of directors, and is reviewed by them prior to filing.

Form 990, Part VI, Section B, Line 12C

Policy is reviewed annually with the governing body.

Form 990, Part VI, Section B, Line 15

The organization obtains comparability data annually from an industry based annual salary survey of nationwide association of independent schools executive compensation and benefits packages.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

EIN
46-0974764
Phone
7044611812

Signing Officer

Name
Chip Denton
Title
President
Phone
7044611812
Signed
2015-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Peter Denton Jr
Formed
2012
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
50

Preparer

Preparer
Bryant a Whitsitt
Phone
7048419800
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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - A COPY OF THE IRS FORM 990 IS PROVIDED TO THE ORGANIZATIONS OFFICERS AND BOARD OF DIRECTORS, AND IS REVIEWED BY THEM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICY IS REVIEWED ANNUALLY WITH THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION OBTAINS COMPARABILITY DATA ANNUALLY FROM AN INDUSTRY BASED ANNUAL SALARY SURVEY OF NATIONWIDE ASSOCIATION OF INDEPENDENT SCHOOLS EXECUTIVE COMPENSATION AND BENEFITS PACKAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt020884
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt020884
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt053650
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0109294
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0125562
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234856
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt015437
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt015437
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0125562
IRS990/TotalProgramServiceRevenueAmt0186334
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0186653
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0240303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020884
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt07512
IRS990/TravelGrp/TotalAmt07512
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05447
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 4601
IRS990/USAddress/City0GREENSBORO
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode027404
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.VIS-NETWORK.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHIP DENTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07044611812
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine10VISNET
ReturnHeader/Filer/BusinessNameControlTxt0VISN
ReturnHeader/Filer/EIN0460974764
ReturnHeader/Filer/PhoneNum07044611812
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 4601
ReturnHeader/Filer/USAddress/City0GREENSBORO
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode027404
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562210577
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BLAIR BOHLE & WHITSITT PLLC

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