Civic Intelligence

Ivory Tower Inc.

990EZ • Fiscal year 2023 • EIN 46-5180443

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 18, 2024

Organization ProfileN/A
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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

16th percentile

-19%

Higher net margin than 16% of similar nonprofits.

2023 filings • NTEE K • <$500k nonprofits • Source year 2023

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.

2023 filings • NTEE K20 • <$500k nonprofits • Source year 2023

Asset Growth

21st percentile

-24%

Faster asset growth than 21% of similar nonprofits.

2023 filings • NTEE K • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-22%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • NTEE K • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$64,213

Down $20,358 (-24%) from 2022

Net Assets

Down

$64,213

Down $20,358 (-24%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin16th percentile

Revenue

Down

$107,232

Down $30,193 (-22%) from 2022

Expenses

Up

$127,590

Up $41,804 (+49%) from 2022

Net Income

Down

-$20,358

Down $71,997 (-139%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

2023

Assets$64,213
Liabilities-
Net Assets$64,213
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

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

2023

Revenue$107,232
Expenses$127,590
Net Income-$20,358
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 18, 2024
Return Version
2023v5.1
Gross Receipts
$107,232
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$30,000$72,771
DONATIONS TO HOSPITALITY:Hospitality House enables the transition from crisis to stability, from poverty to sustainability, and from homelessness to housing.$2,000$2,000
Compensation and Service Providers
Top Officer Pay81st percentile

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
2024-07-18
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, 72771.”

Form 990EZ, Part I, Line 10

“To rebuild lives and strengthen community by providing a safe, nurturing, healthy environment to the homeless; SOCIAL AID; HOSPITALITY HOUSE: 338 BROOK HALLOW ROAD, BOONE, NC, 28607; NONE, 2000.”

Form 990EZ, Part I, Line 16

“INSURANCE 910.”

Form 990EZ, Part I, Line 16

“PERMITS 100.”

Form 990EZ, Part I, Line 16

“MEDIA 96.”

Form 990EZ, Part I, Line 16

“TRANSPORTATION 4000.”

Form 990EZ, Part I, Line 16

“SUPPLIES 19812.”

Form 990EZ, Part I, Line 16

“Depreciation 312.”

Raw XML Appendix182 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0BRETT TAUBMAN
IRS990EZ/BooksInCareOfDetail/PhoneNum08282633129
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BOONE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028607
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt084571
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt064213
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0107232
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-20358
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt013565
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt084571
IRS990EZ/Form990TotalAssetsGrp/EOYAmt064213
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt074771
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0107232
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt084571
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt064213
IRS990EZ/OccupancyRentUtltsAndMaintAmt012510
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt07.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BRETT TAUBMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SHEA TUBERTY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ZACK SEIFTS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SCOTT SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt025230
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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/PrintingPublicationsPostageAmt01514
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DONATION TO NC APPALACHIAN STATE UNIVERSITY FOREDUCATION AND RESEARCH IN FORMULATING, RESERACH AND PROCESSING MALT BEVERAGES FOR BRIDGING SCIENCE AND BUSINESS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1DONATIONS TO HOSPITALITY:Hospitality House enables the transition from crisis to stability, from poverty to sustainability, and from homelessness to housing.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt030000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt12000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt072771
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt12000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0127590
IRS990EZ/TotalProgramServiceExpensesAmt074771
IRS990EZ/TotalRevenueAmt0107232
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt012176
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt048117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030010
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02469
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt024711
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0117483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt095056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt089308
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt070089
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04468
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0125602
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0384523
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0502006
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0107232
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0137425
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0100099
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0150313
IRS990ScheduleA/Total509Grp/TotalAmt0502006
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0502006
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, 72771.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1To rebuild lives and strengthen community by providing a safe, nurturing, healthy environment to the homeless; SOCIAL AID; HOSPITALITY HOUSE: 338 BROOK HALLOW ROAD, BOONE, NC, 28607; NONE, 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INSURANCE 910.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PERMITS 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEDIA 96.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSPORTATION 4000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLIES 19812.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Depreciation 312.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
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
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRETT TAUBMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08282633129
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IVORY TOWER INC
ReturnHeader/Filer/BusinessNameControlTxt0IVOR
ReturnHeader/Filer/EIN0465180443
ReturnHeader/Filer/PhoneNum08282633129
ReturnHeader/Filer/USAddress/AddressLine1Txt0141 CARDINAL LANE
ReturnHeader/Filer/USAddress/CityNm0BOONE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028607
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202068424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MKF ENTERPRISES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01-E WENDY COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027409
ReturnHeader/PreparerPersonGrp/PhoneNum03367900386
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOEL FRIAS
ReturnHeader/ReturnTs02024-07-18T11:43:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRETT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TAUBMAN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,213
Liabilities
-
Net assets
$64,213
Revenue
$107,232
Expenses
$127,590
Net income
-$20,358
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.95$0.95$0.98$0.67$0.30
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.64$1.07$1.28$0.20
2022Detailed filing. Detailed filing data is available for this year.$0.85$0.85$1.37$0.86$0.52
2021Detailed filing. Detailed filing data is available for this year.$0.36$0.04$0.33$1.00$0.73$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.25$0.06$0.07$0.43$0.36
2019Summary only. Only limited summary data is available for this year.$0.67$0.00$1.50$1.45$0.05