Civic Intelligence

Ivory Tower Inc.

990EZ • Fiscal year 2022 • EIN 46-5180443

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 17, 2023

141 Cardinal LaneBoone, NC 28607

(828) 263-3129

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

78th percentile

38%

Higher net margin than 78% of similar nonprofits.

2022 filings • NTEE K • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2022 filings • NTEE K • <$500k nonprofits • Source year 2022

Asset Growth

93rd percentile

132%

Faster asset growth than 93% of similar nonprofits.

2022 filings • NTEE K • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

37%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • NTEE K • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$84,571

Up $48,136 (+132%) from 2021

Net Assets

Up

$84,571

Up $51,639 (+157%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$137,425

Up $37,326 (+37%) from 2021

Expenses

Up

$85,786

Up $12,850 (+18%) from 2021

Net Income

Up

$51,639

Up $24,476 (+90%) from 2021

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2019: $67,401Liabilities 2019: $02019Assets 2020: $30,769Liabilities 2020: $25,000Net Assets 2020: $5,7692020Assets 2021: $36,435Liabilities 2021: $3,503Net Assets 2021: $32,9322021Assets 2022: $84,571Net Assets 2022: $84,5712022Assets 2023: $64,213Net Assets 2023: $64,2132023Assets 2024: $94,605Net Assets 2024: $94,6052024

Highlighted filing

2022

Assets$84,571
Liabilities-
Net Assets$84,571

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2019: $150,313Expenses 2019: $145,272Net Income 2019: $5,0412019Revenue 2020: $6,937Expenses 2020: $42,919Net Income 2020: -$35,9822020Revenue 2021: $100,099Expenses 2021: $72,936Net Income 2021: $27,1632021Revenue 2022: $137,425Expenses 2022: $85,786Net Income 2022: $51,6392022Revenue 2023: $107,232Expenses 2023: $127,590Net Income 2023: -$20,3582023Revenue 2024: $97,708Expenses 2024: $67,316Net Income 2024: $30,3922024

Highlighted filing

2022

Revenue$137,425
Expenses$85,786
Net Income$51,639
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 17, 2023
Return Version
2022v5.0
Gross Receipts
$137,425
Mission and Program Overview

Mission

The purpose of ivory tower inc is to aid in the education and research and to expand the education on developing, formulating and processing of malt beverages with the intent to bridge

Program Services

DescriptionGrantsExpenses
DONATION TO NC APPALACHIAN STATE UNIVERSITY FOREDUCATION AND RESEARCH IN FORMULATING, RESERACH AND PROCESSING MALT BEVERAGES FOR BRIDGING SCIENCE AND BUSINESS$20,000$20,000
Blue Ridge Women in Agriculture: Is a women-led organization that buildsan equitable, sustainable High Country local food system by supporting producers and cultivatingcommunity connections that educate, inspire, and increase the demand for local food.$1,500$1,500
DONATION TO FER CLUB:The Fermentation Sciences program is a unique feature of ASU, we intend to extend the classroom experience to the surrounding community that is home to our university$500$500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRETT TAUBMANPresidentPT$0--
SHEA TUBERTYVP-$0--
ZACK SEIFTSTreasurer-$0--
SCOTT SMITHSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Ivory Tower Inc
EIN
46-5180443
Phone
8282633129
Address
141 CARDINAL LANE, BOONE, NC 28607

Signing Officer

Name
Brett Taubman
Title
President
Phone
8282633129
Signed
2023-07-17
Discuss with paid preparer
Yes

Preparer

Firm
Mkf Enterprises Inc
Address
1-E WENDY COURT, GREENSBORO, NC 27409
Preparer
Joel Frias
Phone
3367900386
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

Donation for education and research in formulating, reserach and processing malt beverages for bridging science and business ; education and research; appalachian state university: river st, boone, nc, 28607; none, 20000.

Form 990EZ, Part I, Line 10

To provide producers with support to increase demand and access to local food; agriculture; blue ridge women in agriculture: 969 w king street, boone, nc, 28607; none, 1500.

Form 990EZ, Part I, Line 10

To extend the classroom experiance to the local community ; education; fermentation sciences club: river st, boone , nc, 28607; none, 500.

Form 990EZ, Part I, Line 16

INSURANCE 2335.

Form 990EZ, Part I, Line 16

PERMITS 75.

Form 990EZ, Part I, Line 16

MEDIA 12.

Form 990EZ, Part I, Line 16

TRANSPORTATION 3400.

Form 990EZ, Part I, Line 16

SUPPLIES 26135.

Form 990EZ, Part I, Line 16

Depreciation 742.

Raw XML Appendix185 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/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt032699
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF IVORY TOWER INC IS TO AID IN THE EDUCATION AND RESEARCH AND TO EXPAND THE EDUCATION ON DEVELOPING, FORMULATING AND PROCESSING OF MALT BEVERAGES WITH THE INTENT TO BRIDGE
IRS990EZ/PrintingPublicationsPostageAmt0288
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Blue Ridge Women in Agriculture: Is a women-led organization that buildsan equitable, sustainable High Country local food system by supporting producers and cultivatingcommunity connections that educate, inspire, and increase the demand for local food.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2DONATION TO FER CLUB:The Fermentation Sciences program is a unique feature of ASU, we intend to extend the classroom experience to the surrounding community that is home to our university
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt2500
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATION FOR EDUCATION AND RESEARCH IN FORMULATING, RESERACH AND PROCESSING MALT BEVERAGES FOR BRIDGING SCIENCE AND BUSINESS ; EDUCATION AND RESEARCH; APPALACHIAN STATE UNIVERSITY: RIVER ST, BOONE, NC, 28607; NONE, 20000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE PRODUCERS WITH SUPPORT TO INCREASE DEMAND AND ACCESS TO LOCAL FOOD; AGRICULTURE; BLUE RIDGE WOMEN IN AGRICULTURE: 969 W KING STREET, BOONE, NC, 28607; NONE, 1500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO EXTEND THE CLASSROOM EXPERIANCE TO THE LOCAL COMMUNITY ; EDUCATION; FERMENTATION SCIENCES CLUB: RIVER ST, BOONE , NC, 28607; NONE, 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSURANCE 2335.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERMITS 75.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEDIA 12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRANSPORTATION 3400.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUPPLIES 26135.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Depreciation 742.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
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ReturnHeader/Filer/PhoneNum08282633129
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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