Civic Intelligence

Roanoke Cultural Endowment

990 • Fiscal year 2018 • EIN 47-2754436

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 09, 2019

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

40th percentile

$32,500

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

86th percentile

29%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

73%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Flat

$2,103,696

Flat from 2018

Net Assets

Flat

$2,103,141

Flat from 2018

Liabilities

Flat

$555

Flat from 2018

Revenue

Flat

$642,886

Flat from 2018

Expenses

Flat

$50,966

Flat from 2018

Net Income

Flat

$591,920

Flat from 2018

Historical Trend

Balance Sheet Trend

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 2018: $2,103,696Liabilities 2018: $555Net Assets 2018: $2,103,1412018Assets 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

2018

Assets$2,103,696
Liabilities$555
Net Assets$2,103,141

Operations Trend

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 2018: $642,886Expenses 2018: $50,966Net Income 2018: $591,9202018Revenue 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

2018

Revenue$642,886
Expenses$50,966
Net Income$591,920
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 9, 2019
Return Version
2018v3.1
Gross Receipts
$720,873
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$951,731$1,381,467▲ $429,736
Pledges and Grants Receivable$653,086$714,125▲ $61,039
Cash and Non-Interest-Bearing Accounts$23,471$7,660▼ $15,811
Land, Buildings, and Equipment, Net$616$444▼ $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$1,628,904$2,103,696▲ $474,792
Other Assets Total-$0-
Liabilities
Other Liabilities$585$555▼ $30
Total Liabilities$585$555▼ $30
Net Assets / Fund Balance
Permanently Rstr Net Assets$957,357$1,146,783▲ $189,426
Unrestricted Net Assets$670,962$884,707▲ $213,745
Temporarily Rstr Net Assets-$71,651-
Total Net Assets Fund Balance$1,628,319$2,103,141▲ $474,822
Total Liabilities and Net Assets / Fund Balance$1,628,904$2,103,696▲ $474,792

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$444$416$860

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$951,731$553,148▼ $84,178-$1,381,467
2017-$862,516▲ $89,215-$951,731
Compensation and Service Providers

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
$614,188
Program Service Revenue
$0
Investment Income
$28,698
Other Revenue
$0
All Other Contributions
$289,188
Change in Net Assets
$591,920

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$38,852Market
Total Noncash Contributions2$38,852-

Audited Revenue Reconciliation

Revenue per Audited Statements
$642,886
Revenue Not Reported on Form 990
$-117,098
Total Revenue per Audited Statements
$525,788
Total Revenue per Form 990
$642,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$35,028
Other Expenses$15,938
Total Fundraising Expense$14,716
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 Accounting-$9,320-$9,320
Payroll Taxes-$1,770$758$2,528
Office Expenses-$1,546$336$1,882
Information Technology-$351$351$702
Other Expenses-$224$3,349$224
Depreciation Depletion--$172$172
Total Functional Expenses$0$36,250$14,716$50,966

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$50,966
Total Expenses per Audited Statements$50,966
Total Expenses per Form 990$50,966
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
Other Liability$555
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
2019-09-09
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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IRS990/OfficeExpensesGrp/FundraisingAmt0336
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01546
IRS990/OfficeExpensesGrp/TotalAmt01882
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Postage and Shipping
IRS990/OtherExpensesGrp/Desc1REGISTRATION
IRS990/OtherExpensesGrp/FundraisingAmt03349
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0289
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1224
IRS990/OtherExpensesGrp/TotalAmt03349
IRS990/OtherExpensesGrp/TotalAmt1289
IRS990/OtherExpensesGrp/TotalAmt2224
IRS990/OtherLiabilitiesGrp/BOYAmt0585
IRS990/OtherLiabilitiesGrp/EOYAmt0555
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0758
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01770
IRS990/PayrollTaxesGrp/TotalAmt02528
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0957357
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01146783
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0653086
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0714125
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SHALEEN POWELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0356106
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015624
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt018190
IRS990/PYRevenuesLessExpensesAmt0318758
IRS990/PYSalariesCompEmpBnftPaidAmt034782
IRS990/PYTotalExpensesAmt052972
IRS990/PYTotalRevenueAmt0371730
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0591920
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/CurrentTaxYearAmt0614188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0356106
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0927225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0378100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02275619
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025451
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0414
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt042513
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01515886
IRS990ScheduleA/SubstantialContributorsTotAmt0759733
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0614188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0356106
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0927225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0378100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02275619
IRS990ScheduleA/TotalSupportAmt02318132
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.67000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt039234
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0951731
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0553148
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01381467
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-84178
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0862516
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0951731
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt089215
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0444
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0416
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0860
IRS990ScheduleD/ExpensesSubtotalAmt050966
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-117098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0555
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.33000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-117098
IRS990ScheduleD/RevenueSubtotalAmt0642886
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0444
IRS990ScheduleD/TotalExpensesPerForm990Amt050966
IRS990ScheduleD/TotalLiabilityAmt0555
IRS990ScheduleD/TotalRevenuePerForm990Amt0642886
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0525788
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt050966
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0MARKET
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt038852
IRS990ScheduleM/ThirdPartiesUsedInd0false
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt071651
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01628904
IRS990/TotalAssetsEOYAmt02103696
IRS990/TotalAssetsGrp/BOYAmt01628904
IRS990/TotalAssetsGrp/EOYAmt02103696
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0614188
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014716
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036250

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