Civic Intelligence

Roanoke Cultural Endowment

990 • Fiscal year 2017 • EIN 47-2754436

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 16, 2018

Organization ProfileN/A
PO Box 22Roanoke, VA 24002

(540) 588-7489

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

86%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$32,500

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

86th percentile

32%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-60%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets15th percentile

Assets

Flat

$1,628,904

Flat from 2017

Net Assets

Flat

$1,628,319

Flat from 2017

Liabilities

Flat

$585

Flat from 2017

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin98th percentile

Revenue

Flat

$371,730

Flat from 2017

Expenses

Flat

$52,972

Flat from 2017

Net Income

Flat

$318,758

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $369,158Liabilities 2015: $1,583Net Assets 2015: $367,5752015Assets 2016: $1,234,805Liabilities 2016: $1,030Net Assets 2016: $1,233,7752016Assets 2017: $1,628,904Liabilities 2017: $585Net Assets 2017: $1,628,3192017Assets 2017: $1,628,904Liabilities 2017: $585Net Assets 2017: $1,628,3192017Assets 2018: $2,103,696Liabilities 2018: $555Net Assets 2018: $2,103,1412018Assets 2019: $2,598,316Liabilities 2019: $2,879Net Assets 2019: $2,595,4372019Assets 2020: $3,343,737Liabilities 2020: $25,060Net Assets 2020: $3,318,6772020Assets 2021: $4,214,431Liabilities 2021: $734Net Assets 2021: $4,213,6972021Assets 2022: $4,507,686Liabilities 2022: $3,006Net Assets 2022: $4,504,6802022Assets 2023: $5,602,288Liabilities 2023: $1,925Net Assets 2023: $5,600,3632023Assets 2024: $6,866,829Liabilities 2024: $1,995Net Assets 2024: $6,864,8342024

Highlighted filing

2017

Assets$1,628,904
Liabilities$585
Net Assets$1,628,319
Open 2017 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.5M$1.0M$500K$0Revenue 2015: $378,514Expenses 2015: $10,939Net Income 2015: $367,5752015Revenue 2016: $928,249Expenses 2016: $62,010Net Income 2016: $866,2392016Revenue 2017: $371,730Expenses 2017: $52,972Net Income 2017: $318,7582017Revenue 2017: $371,730Expenses 2017: $52,972Net Income 2017: $318,7582017Revenue 2018: $642,886Expenses 2018: $50,966Net Income 2018: $591,9202018Revenue 2019: $396,874Expenses 2019: $126,451Net Income 2019: $270,4232019Revenue 2020: $575,422Expenses 2020: $120,754Net Income 2020: $454,6682020Revenue 2021: $695,720Expenses 2021: $89,797Net Income 2021: $605,9232021Revenue 2022: $1,052,972Expenses 2022: $165,495Net Income 2022: $887,4772022Revenue 2023: $758,656Expenses 2023: $122,261Net Income 2023: $636,3952023Revenue 2024: $1,071,562Expenses 2024: $173,248Net Income 2024: $898,3142024

Highlighted filing

2017

Revenue$371,730
Expenses$52,972
Net Income$318,758
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 16, 2018
Return Version
2017v2.2
Gross Receipts
$371,730
Mission and Program Overview

Mission

The organization's mission is to cultivate a legacy of stability, engagement, and vitality for arts and cultures in the city of roanoke through grant making. Through a strategic partnership with the city of roanoke, the organization will provide a sustainable revenue source for arts and cultural organizations in the city of roanoke.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$32,391$951,731▲ $919,340
Pledges and Grants Receivable$527,472$653,086▲ $125,614
Cash and Non-Interest-Bearing Accounts$674,154$23,471▼ $650,683
Land, Buildings, and Equipment, Net$788$616▼ $172
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,234,805$1,628,904▲ $394,099
Other Assets Total-$0-
Liabilities
Other Liabilities$801$585▼ $216
Accounts Payable and Accrued Expenses$229--
Total Liabilities$1,030$585▼ $445
Net Assets / Fund Balance
Permanently Rstr Net Assets$675,002$957,357▲ $282,355
Unrestricted Net Assets$558,773$670,962▲ $112,189
Total Net Assets Fund Balance$1,233,775$1,628,319▲ $394,544
Total Liabilities and Net Assets / Fund Balance$1,234,805$1,628,904▲ $394,099

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$616$244$860

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017-$862,516▲ $89,215-$951,731
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Shaleen PowellExecutive DirectorPT$32,500$32,500

Board Members and Trustees

NameTitle
J David WinePresident
David TrinkleBoard Member
Patice L HollandBoard Member
Sarah Tune DohertyBoard Member
Sherman P Lea JrBoard Member
Warner DalhouseBoard Member
William D ElliotBoard Member
Katherine Fralin WalkerSecretary
Lucas L ThorntonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$356,106
Program Service Revenue
$0
Investment Income
$15,624
Other Revenue
$0
All Other Contributions
$231,106
Change in Net Assets
$318,758

Audited Revenue Reconciliation

Revenue per Audited Statements
$371,730
Revenue Not Reported on Form 990
$75,786
Total Revenue per Audited Statements
$447,516
Total Revenue per Form 990
$371,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$34,782
Other Expenses$18,190
Total Fundraising Expense$13,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$22,750$9,750$32,500
Fees for Services Other-$8,280-$8,280
Payroll Taxes-$1,597$685$2,282
All Other Expenses-$1,589-$1,589
Other Expenses-$1,464$1,423$1,423
Advertising-$427$426$853
Depreciation Depletion--$172$172
Total Functional Expenses$0$39,419$13,553$52,972

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$52,972
Total Expenses per Audited Statements$52,972
Total Expenses per Form 990$52,972
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$585
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Board reviews the Form 990 and approves before filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Annually board members must complete a document disclosing any conflicts of interest.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board determines executive director salary based on hours worked and comparable salaries for other similar positions in the area.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Roanoke Cultural Endowment
EIN
47-2754436
Phone
5405887489
Address
PO BOX 22, ROANOKE, VA 24002

Signing Officer

Name
Shaleen Powell
Title
Executive Director
Signed
2018-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaleen Powell
Formed
2015
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
1

Preparer

Firm
Foti Flynn Lowen & Co PC
Address
PO Box 12765, Roanoke, VA 24028-2765
Preparer
Bradley J Davis CPA
Phone
5403449246
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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/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2TELEPHONE & INTERNET
IRS990/OtherExpensesGrp/Desc3EVENTS
IRS990/OtherExpensesGrp/FundraisingAmt01097
IRS990/OtherExpensesGrp/FundraisingAmt11423
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02215
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11097
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21464
IRS990/OtherExpensesGrp/TotalAmt02215
IRS990/OtherExpensesGrp/TotalAmt12194
IRS990/OtherExpensesGrp/TotalAmt21464
IRS990/OtherExpensesGrp/TotalAmt31423
IRS990/OtherLiabilitiesGrp/BOYAmt0801
IRS990/OtherLiabilitiesGrp/EOYAmt0585
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0685
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01597
IRS990/PayrollTaxesGrp/TotalAmt02282
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0675002
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0957357
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0527472
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0653086
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SHALEEN POWELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0927225
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01024
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt027205
IRS990/PYRevenuesLessExpensesAmt0866239
IRS990/PYSalariesCompEmpBnftPaidAmt034805
IRS990/PYTotalExpensesAmt062010
IRS990/PYTotalRevenueAmt0928249
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0318758
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0356106
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0927225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0378100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01661431
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0414
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017062
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0971623
IRS990ScheduleA/SubstantialContributorsTotAmt0689808
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0356106
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0927225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0378100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01661431
IRS990ScheduleA/TotalSupportAmt01678493
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.69000
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0862516
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0951731
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt089215
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0616
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0244
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0860
IRS990ScheduleD/ExpensesSubtotalAmt052972
IRS990ScheduleD/NetUnrealizedGainsInvstAmt075786
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0585
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.31000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt075786
IRS990ScheduleD/RevenueSubtotalAmt0371730
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0616
IRS990ScheduleD/TotalExpensesPerForm990Amt052972
IRS990ScheduleD/TotalLiabilityAmt0585
IRS990ScheduleD/TotalRevenuePerForm990Amt0371730
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0447516
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt052972
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews the Form 990 and approves before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY BOARD MEMBERS MUST COMPLETE A DOCUMENT DISCLOSING ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES EXECUTIVE DIRECTOR SALARY BASED ON HOURS WORKED AND COMPARABLE SALARIES FOR OTHER SIMILAR POSITIONS IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01234805
IRS990/TotalAssetsEOYAmt01628904
IRS990/TotalAssetsGrp/BOYAmt01234805
IRS990/TotalAssetsGrp/EOYAmt01628904
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0356106
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013553
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039419
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt052972
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01030
IRS990/TotalLiabilitiesEOYAmt0585
IRS990/TotalLiabilitiesGrp/BOYAmt01030
IRS990/TotalLiabilitiesGrp/EOYAmt0585
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01233775
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01628319
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt032500
IRS990/TotalRevenueGrp/ExclusionAmt015624
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0371730
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01234805
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01628904
IRS990/TravelGrp/TotalAmt00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,628,904
Liabilities
$585
Net assets
$1,628,319
Revenue
$371,730
Expenses
$52,972
Net income
$318,758
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.87$0.00$6.86$1.07$0.17$0.90
2023Summary only. Only limited summary data is available for this year.$5.60$0.00$5.60$0.76$0.12$0.64
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.00$4.50$1.05$0.17$0.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.21$0.00$4.21$0.70$0.09$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.34$0.03$3.32$0.58$0.12$0.45
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.00$2.60$0.40$0.13$0.27
2018Summary only. Only limited summary data is available for this year.$2.10$0.00$2.10$0.64$0.05$0.59
2017Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.37$0.05$0.32
2017Summary only. Only limited summary data is available for this year.$1.63$0.00$1.63$0.37$0.05$0.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.00$1.23$0.93$0.06$0.87
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.00$0.37$0.38$0.01$0.37