Civic Intelligence

Vector Space

990 • Fiscal year 2021 • EIN 47-3633116

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

402 5th StLynchburg, VA 24504

(434) 515-1584

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

75th percentile

31%

Higher net margin than 75% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

86th percentile

$24,445

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

84th percentile

66%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

18%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$227,567

Up $90,221 (+66%) from 2020

Net Assets

Up

$227,266

Up $90,413 (+66%) from 2020

Liabilities

Down

$301

Down $192 (-39%) from 2020

Revenue

Up

$278,361

Up $41,951 (+18%) from 2020

Expenses

Up

$191,887

Up $31,423 (+20%) from 2020

Net Income

Up

$86,474

Up $10,528 (+14%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $11,244Liabilities 2017: $1,780Net Assets 2017: $9,4642017Assets 2018: $51,243Liabilities 2018: $1,308Net Assets 2018: $49,9352018Assets 2019: $65,136Liabilities 2019: $1,237Net Assets 2019: $63,8992019Assets 2020: $137,346Liabilities 2020: $493Net Assets 2020: $136,8532020Assets 2021: $227,567Liabilities 2021: $301Net Assets 2021: $227,2662021Assets 2022: $474,124Liabilities 2022: $651Net Assets 2022: $473,4732022Assets 2023: $1,651,826Liabilities 2023: $954,886Net Assets 2023: $696,9402023Assets 2024: $1,488,541Liabilities 2024: $728,707Net Assets 2024: $759,8342024

Highlighted filing

2021

Assets$227,567
Liabilities$301
Net Assets$227,266

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $96,505Expenses 2017: $103,073Net Income 2017: -$6,5682017Revenue 2018: $170,174Expenses 2018: $130,206Net Income 2018: $39,9682018Revenue 2019: $156,479Expenses 2019: $150,197Net Income 2019: $6,2822019Revenue 2020: $236,410Expenses 2020: $160,464Net Income 2020: $75,9462020Revenue 2021: $278,361Expenses 2021: $191,887Net Income 2021: $86,4742021Revenue 2022: $452,413Expenses 2022: $206,206Net Income 2022: $246,2072022Revenue 2023: $625,651Expenses 2023: $402,184Net Income 2023: $223,4672023Revenue 2024: $436,637Expenses 2024: $373,743Net Income 2024: $62,8942024

Highlighted filing

2021

Revenue$278,361
Expenses$191,887
Net Income$86,474
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$279,150
Mission and Program Overview

Mission

To build an open and collaborative community that fosters innovation, creativity, and the pursuit of science based knowledge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,102$217,073▲ $94,971
Land, Buildings, and Equipment, Net$14,782$10,494▼ $4,288
Accounts Receivable$462--
Total Assets$137,346$227,567▲ $90,221
Liabilities
Other Liabilities$493$301▼ $192
Total Liabilities$493$301▼ $192
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$136,853$227,266▲ $90,413
Total Net Assets Fund Balance$136,853$227,266▲ $90,413
Total Liabilities and Net Assets / Fund Balance$137,346$227,567▲ $90,221

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,494$10,944$21,438
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Adam SpontarelliDirector of Education-$24,445$24,445
Elise SpontarelliExecutive DirectorFT$20,550$20,550

Board Members and Trustees

NameTitle
Bob BaileyBoard Chair
Anna BentsonAt Large
Ken BogacikAt Large
Michelline HallAt Large
Peter SheldonAt Large
Steven BullockAt Large
Bethanie MicklesRecording Secretary
Aaron SkeenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$244,205
Program Service Revenue
$26,301
Investment Income
$21
Other Revenue
$7,834
All Other Contributions
$150,232
Change in Net Assets
$86,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,935
Salaries, Compensation, and Employee Benefits$46,952
Total Fundraising Expense$3,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$34,800--$34,800
Fees for Services Other$23,460--$23,460
Other Salaries and Wages$20,000$3,393-$23,393
Current Officers, Directors, Trustees, and Key Employees$10,000$6,000$3,500$19,500
All Other Expenses$1,162$8,299-$9,461
Other Expenses$5,573$8,980-$5,573
Depreciation Depletion-$4,288-$4,288
Payroll Taxes$3,072$719$268$4,059
Office Expenses$3,190--$3,190
Information Technology$2,277--$2,277
Insurance-$1,933-$1,933
Advertising$1,641--$1,641
Fees for Services Accounting-$500-$500
Travel$380--$380
Total Functional Expenses$154,007$34,112$3,768$191,887
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$301
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Adam spontarelli, director of education, is married to the executive director and fellow co-founder of vector space, elise spontarelli.

Form 990, Part VI, Section B, line 11B

The board reviews the 990 before filing.

Form 990, Part VI, Section C, line 18

The tax return is publicly filed on a public website.

Form 990, Part VI, Section C, line 19

The tax return is publicly filed on a public website.

Filing and Contact Details

Filer

Filer Name
Vector Space
EIN
47-3633116
Phone
4345151584
Address
402 5TH ST, LYNCHBURG, VA 24504

Signing Officer

Name
Elise Spontarelli
Title
Executive Director
Phone
4345151584
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elise Spontarelli
Formed
2015
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
8
Employees
3
Volunteers
50

Preparer

Firm
Davidson Doyle & Hilton Llp
Address
PO BOX 800, LYNCHBURG, VA 24505-0800
Preparer
Amy a Gallagher CPA
Phone
4348467611
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

OTHER FEES: Program service expenses 2,061. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,061. 1099: Program service expenses 21,399. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,399.

Financial Statement Notes

PART X, LINE 2:

The association is a not-for-profit organization, incorporated under the laws of the common wealth of virginia, that is exempt from taxes on income other than unrelated business income under section 501 (c)(3) of the internal revenue code. In addition, the association has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a) of the internal revenue code. The association's tax exempt returns are subject to examination by the internal revenue service.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0694814
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01041
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88580
IRS990ScheduleA/PublicSupportPY170Pct00.70270
IRS990ScheduleA/PublicSupportTotal170Amt0615437
IRS990ScheduleA/SubstantialContributorsTotAmt079377
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0270865
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0205529
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0112006
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0106414
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0694814
IRS990ScheduleA/TotalSupportAmt0694814
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt010494
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010944
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION, INCORPORATED UNDER THE LAWS OF THE COMMON WEALTH OF VIRGINIA, THAT IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ASSOCIATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION'S TAX EXEMPT RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010494
IRS990ScheduleD/TotalLiabilityAmt0301
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADAM SPONTARELLI, DIRECTOR OF EDUCATION, IS MARRIED TO THE EXECUTIVE DIRECTOR AND FELLOW CO-FOUNDER OF VECTOR SPACE, ELISE SPONTARELLI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TAX RETURN IS PUBLICLY FILED ON A PUBLIC WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TAX RETURN IS PUBLICLY FILED ON A PUBLIC WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES: Program service expenses 2,061. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,061. 1099: Program service expenses 21,399. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,399.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0137346
IRS990/TotalAssetsEOYAmt0227567
IRS990/TotalAssetsGrp/BOYAmt0137346
IRS990/TotalAssetsGrp/EOYAmt0227567
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0244205
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03768
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034112
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0154007
IRS990/TotalFunctionalExpensesGrp/TotalAmt0191887
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0493
IRS990/TotalLiabilitiesEOYAmt0301
IRS990/TotalLiabilitiesGrp/BOYAmt0493
IRS990/TotalLiabilitiesGrp/EOYAmt0301
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0136853
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0227266
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0154007
IRS990/TotalProgramServiceRevenueAmt026301
IRS990/TotalReportableCompFromOrgAmt044995
IRS990/TotalRevenueGrp/ExclusionAmt021
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034135
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0278361
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0137346
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0227567
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0380
IRS990/TravelGrp/TotalAmt0380
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0402 5TH ST
IRS990/USAddress/CityNm0LYNCHBURG
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024504
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0VECTOR-SPACE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELISE SPONTARELLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04345151584
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VECTOR SPACE
ReturnHeader/Filer/BusinessNameControlTxt0VECT
ReturnHeader/Filer/EIN0473633116
ReturnHeader/Filer/PhoneNum04345151584
ReturnHeader/Filer/USAddress/AddressLine1Txt0402 5TH ST
ReturnHeader/Filer/USAddress/CityNm0LYNCHBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024504
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541953476
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIDSON DOYLE & HILTON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LYNCHBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA

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