Civic Intelligence

The Minerva Foundation Inc

990EZ • Fiscal year 2022 • EIN 47-0926754

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 01, 2022

Post Office Box 674513Marietta, GA 30006

(678) 758-4991

Siviq Scores

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

Liabilities / Assets

91st percentile

0.60x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

0.65x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

37th percentile

-1.6%

Higher net margin than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

84th percentile

50%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

140%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$101,680

Up $33,709 (+50%) from 2021

Net Assets

Down

$40,924

Down $1,476 (-3.5%) from 2021

Liabilities

Up

$60,756

Up $35,185 (+138%) from 2021

Revenue

Up

$94,184

Up $54,948 (+140%) from 2021

Expenses

Up

$95,660

Up $35,108 (+58%) from 2021

Net Income

Up

-$1,476

Up $19,840 (+93%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $39,213Liabilities 2010: $02010Assets 2011: $100,334Liabilities 2011: $02011Assets 2012: $37,894Liabilities 2012: $0Net Assets 2012: $37,8942012Assets 2013: $120,502Liabilities 2013: $0Net Assets 2013: $120,5022013Assets 2014: $55,174Liabilities 2014: $0Net Assets 2014: $55,1742014Assets 2015: $108,801Liabilities 2015: $0Net Assets 2015: $108,8012015Assets 2016: $63,460Liabilities 2016: $0Net Assets 2016: $63,4602016Assets 2017: $16,795Liabilities 2017: $0Net Assets 2017: $16,7952017Assets 2018: $13,778Liabilities 2018: $0Net Assets 2018: $13,7782018Assets 2019: $17,468Liabilities 2019: $0Net Assets 2019: $17,4682019Assets 2020: $63,716Liabilities 2020: $0Net Assets 2020: $63,7162020Assets 2021: $67,971Liabilities 2021: $25,571Net Assets 2021: $42,4002021Assets 2022: $101,680Liabilities 2022: $60,756Net Assets 2022: $40,9242022Assets 2023: $268,065Liabilities 2023: $63,460Net Assets 2023: $204,6052023Assets 2024: $142,469Liabilities 2024: $17,851Net Assets 2024: $124,6182024Assets 2025: $216,840Liabilities 2025: $17,851Net Assets 2025: $198,9892025

Highlighted filing

2022

Assets$101,680
Liabilities$60,756
Net Assets$40,924

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $53,027Expenses 2010: $29,382Net Income 2010: $23,6452010Revenue 2011: $172,846Expenses 2011: $111,725Net Income 2011: $61,1212011Revenue 2012: $1,275Expenses 2012: $63,715Net Income 2012: -$62,4402012Revenue 2013: $97,755Expenses 2013: $15,147Net Income 2013: $82,6082013Revenue 2014: $31,778Expenses 2014: $97,106Net Income 2014: -$65,3282014Revenue 2015: $71,478Expenses 2015: $17,851Net Income 2015: $53,6272015Revenue 2016: $36,808Expenses 2016: $82,149Net Income 2016: -$45,3412016Revenue 2017: $71,931Expenses 2017: $118,596Net Income 2017: -$46,6652017Revenue 2018: $21,270Expenses 2018: $24,287Net Income 2018: -$3,0172018Revenue 2019: $96,260Expenses 2019: $92,570Net Income 2019: $3,6902019Revenue 2020: $55,069Expenses 2020: $8,821Net Income 2020: $46,2482020Revenue 2021: $39,236Expenses 2021: $60,552Net Income 2021: -$21,3162021Revenue 2022: $94,184Expenses 2022: $95,660Net Income 2022: -$1,4762022Revenue 2023: $265,846Expenses 2023: $79,721Net Income 2023: $186,1252023Revenue 2024: $127,794Expenses 2024: $12,125Net Income 2024: $115,6692024Revenue 2025: $100,629Expenses 2025: $26,258Net Income 2025: $74,3712025

Highlighted filing

2022

Revenue$94,184
Expenses$95,660
Net Income-$1,476
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 1, 2022
Return Version
2021v4.2
Gross Receipts
$94,184
Mission and Program Overview

Mission

To support the advancement of edu

Refer to mission on page 13

Program Services

DescriptionGrantsExpenses
SPONSORED COMMUNITY EVENTS SUCH AS MARIETTA-ROSWELL ALUMNAE COTILLION, SCHOLARSHIP PROGRAM DONATIONS, AND MRAC SIGNATURE FUNDRAISING EVENTS.-$91,959
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TONIA NELSONChair-$0--
JENNIFER ALLENVice Chair-$0--
CICELY BRECKENRIDGESecretary-$0--
Filing and Contact Details

Filer

Filer Name
The Minerva Foundation Inc
EIN
47-0926754
Address
POST OFFICE BOX 674513, MARIETTA, GA 30006

Signing Officer

Name
Tonia Nelson
Title
Chair
Phone
6787584991
Signed
2022-12-01
Discuss with paid preparer
No

Preparer

Firm
Accounting & Tax Advisory Group Pc
Address
555 N POINT CTR E STE 400, ALPHARETTA, GA 30022
Preparer
Riolene J Ibok
Phone
7705586338
Supplemental Narrative

Additional Explanations

General explanation attachment

Purpose: the minerva foundation inc (tmfi) is organized exclusively for charitable and educational purposes, including the making of distributions to organizations that qualify as exempt organizations under section 501c3 of the internal revenue code of 1954 (or the corresponding provision of any future united states internal revenue law); provide charitable services to the general public through the implementation of service-oriented programs for the advancement of education, relief of the poor and underprivileged, defense of human and civil rights, combating community deterioration and addressing public health and safety issues; and carrying on lawful business activities allowed by nonprofit organization in the state of georgia. Mission: the mission of tmfi is to partner with non profit organizations as a funding resource for community projects and programs.vision: to support and empower our non-profit partners to bring impact and change.programs that have been supported include the following: marietta-roswell alumnae cotillion; scholarship program donations; mrac signature fundraising eventscasino night20th & 25th mrac chapter anniversary

Description of other expenses Part I line 16

Description amountcharitable contribution 67,959postage and mailing service 182online payment processing fees 453office supplies & software 900business expenses 959business registration fees 90bank and merchant fees 900reimbursable expenses 217

Description of other assets Part II line 24

Category beginning of year end of yearother assets 1,497 151accounts receivable 0 5,000

Description of total liabilities Part II line 26

Category beginning of year end of yeargrant payables 25,571 60,756

Raw XML Appendix160 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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CompensationExplanation/CompensationExplanationGrp/PersonNm2CICELY BRECKENRIDGE
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0THE MINERVA FOUNDATION, INC IS A NOT-FOR-PROFIT ENTITY THAT IS NOT COMPENSATING ANY OFFICERS INCLUDING EXECUTIVE OFFICERS FOR THEIR SERVICES.
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt1THE MINERVA FOUNDATION, INC IS A NOT-FOR-PROFIT ENTITY THAT IS NOT COMPENSATING ANY OFFICERS INCLUDING EXECUTIVE OFFICERS FOR THEIR SERVICES.
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt2THE MINERVA FOUNDATION, INC. IS A NOT-FOR-PROFIT ENTITY THAT IS NOT COMPENSATING ANY OFFICERS INCLUDING EXECUTIVE OFFICERS FOR THEIR SERVICES.
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IRS990EZ/PrimaryExemptPurposeTxt0REFER TO MISSION ON PAGE 13
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURPOSE: THE MINERVA FOUNDATION INC (TMFI) IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1954 (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW); PROVIDE CHARITABLE SERVICES TO THE GENERAL PUBLIC THROUGH THE IMPLEMENTATION OF SERVICE-ORIENTED PROGRAMS FOR THE ADVANCEMENT OF EDUCATION, RELIEF OF THE POOR AND UNDERPRIVILEGED, DEFENSE OF HUMAN AND CIVIL RIGHTS, COMBATING COMMUNITY DETERIORATION AND ADDRESSING PUBLIC HEALTH AND SAFETY ISSUES; AND CARRYING ON LAWFUL BUSINESS ACTIVITIES ALLOWED BY NONPROFIT ORGANIZATION IN THE STATE OF GEORGIA. MISSION: THE MISSION OF TMFI IS TO PARTNER WITH NON PROFIT ORGANIZATIONS AS A FUNDING RESOURCE FOR COMMUNITY PROJECTS AND PROGRAMS.VISION: TO SUPPORT AND EMPOWER OUR NON-PROFIT PARTNERS TO BRING IMPACT AND CHANGE.PROGRAMS THAT HAVE BEEN SUPPORTED INCLUDE THE FOLLOWING: MARIETTA-ROSWELL ALUMNAE COTILLION; SCHOLARSHIP PROGRAM DONATIONS; MRAC SIGNATURE FUNDRAISING EVENTSCASINO NIGHT20TH & 25TH MRAC CHAPTER ANNIVERSARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTCHARITABLE CONTRIBUTION 67,959POSTAGE AND MAILING SERVICE 182ONLINE PAYMENT PROCESSING FEES 453OFFICE SUPPLIES & SOFTWARE 900BUSINESS EXPENSES 959BUSINESS REGISTRATION FEES 90BANK AND MERCHANT FEES 900REIMBURSABLE EXPENSES 217
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEAROTHER ASSETS 1,497 151ACCOUNTS RECEIVABLE 0 5,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARGRANT PAYABLES 25,571 60,756
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0TONIA NELSON
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MINERVA FOUNDATION INC
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ReturnHeader/Filer/EIN0470926754
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-12-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RIOLENE J IBOK
ReturnHeader/ReturnTs02022-12-01T14:58:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TONIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NELSON
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.17$0.18$1.99$1.01$0.26$0.74
2024Detailed filing. Detailed filing data is available for this year.$1.42$0.18$1.25$1.28$0.12$1.16
2023Detailed filing. Detailed filing data is available for this year.$2.68$0.63$2.05$2.66$0.80$1.86
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.61$0.41$0.94$0.96$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.68$0.26$0.42$0.39$0.61$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.55$0.09$0.46
2019Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.96$0.93$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.21$0.24$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.72$1.19$0.47
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.37$0.82$0.45
2015Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.71$0.18$0.54
2014Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.32$0.97$0.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.00$1.21$0.98$0.15$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$0.01$0.64$0.62
2011Summary only. Only limited summary data is available for this year.$1.00$0.00$1.73$1.12$0.61
2010Summary only. Only limited summary data is available for this year.$0.39$0.00$0.53$0.29$0.24