Civic Intelligence

Carroll Scholarship Foundation Inc.

990 • Fiscal year 2017 • EIN 51-0506693

Aug 01, 2016 to Jul 31, 2017 • Filed on Oct 27, 2017

Organization ProfileN/A
Post Office Box 517Hillsville, VA 24343

(276) 728-4121

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

42nd percentile

0.9%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

6th percentile

-41%

Faster revenue growth than 6% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,038,354

Up $9,274 (+0.9%) from 2016

Net Assets

Up

$1,038,354

Up $9,274 (+0.9%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin78th percentile

Revenue

Down

$45,463

Down $31,295 (-41%) from 2016

Expenses

Down

$36,189

Down $5,684 (-14%) from 2016

Net Income

Down

$9,274

Down $25,611 (-73%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $741,687Liabilities 2011: $0Net Assets 2011: $741,6872011Assets 2012: $810,982Liabilities 2012: $0Net Assets 2012: $810,9822012Assets 2013: $848,563Liabilities 2013: $0Net Assets 2013: $848,5632013Assets 2015: $994,198Liabilities 2015: $0Net Assets 2015: $994,1982015Assets 2016: $1,029,080Liabilities 2016: $0Net Assets 2016: $1,029,0802016Assets 2017: $1,038,354Liabilities 2017: $0Net Assets 2017: $1,038,3542017Assets 2018: $1,084,100Liabilities 2018: $0Net Assets 2018: $1,084,1002018Assets 2019: $1,151,200Liabilities 2019: $0Net Assets 2019: $1,151,2002019Assets 2020: $1,238,821Liabilities 2020: $0Net Assets 2020: $1,238,8212020Assets 2021: $1,398,376Liabilities 2021: $0Net Assets 2021: $1,398,3762021Assets 2022: $1,358,800Liabilities 2022: $0Net Assets 2022: $1,358,8002022Assets 2023: $1,390,283Liabilities 2023: $0Net Assets 2023: $1,390,2832023Assets 2024: $1,554,258Liabilities 2024: $0Net Assets 2024: $1,554,2582024Assets 2025: $2,106,801Liabilities 2025: $0Net Assets 2025: $2,106,8012025

Highlighted filing

2017

Assets$1,038,354
Liabilities$0
Net Assets$1,038,354
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $43,233Expenses 2011: $25,874Net Income 2011: $17,3592011Expenses 2012: $27,7872012Expenses 2013: $23,9352013Revenue 2015: $79,661Expenses 2015: $26,140Net Income 2015: $53,5212015Revenue 2016: $76,758Expenses 2016: $41,873Net Income 2016: $34,8852016Revenue 2017: $45,463Expenses 2017: $36,189Net Income 2017: $9,2742017Revenue 2018: $83,138Expenses 2018: $37,392Net Income 2018: $45,7462018Revenue 2019: $113,051Expenses 2019: $45,951Net Income 2019: $67,1002019Revenue 2020: $123,449Expenses 2020: $35,828Net Income 2020: $87,6212020Revenue 2021: $215,046Expenses 2021: $55,492Net Income 2021: $159,5542021Revenue 2022: $4,576Expenses 2022: $44,152Net Income 2022: -$39,5762022Revenue 2023: $82,353Expenses 2023: $50,870Net Income 2023: $31,4832023Revenue 2024: $216,926Expenses 2024: $52,951Net Income 2024: $163,9752024Revenue 2025: $648,619Expenses 2025: $96,076Net Income 2025: $552,5432025

Highlighted filing

2017

Revenue$45,463
Expenses$36,189
Net Income$9,274
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Oct 27, 2017
Return Version
2016v3.0
Gross Receipts
$45,463
Mission and Program Overview

Mission

Financial assistance with educational needs of local students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,029,080$1,038,354▲ $9,274
Investments in Publicly Traded Securities$714,314$728,844▲ $14,530
Land, Buildings, and Equipment, Net$214,449$214,449→ $0
Cash and Non-Interest-Bearing Accounts$66,869$61,120▼ $5,749
Savings and Temporary Cash Investments$33,448$33,941▲ $493
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$1,029,080$1,038,354▲ $9,274
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,029,080$1,038,354▲ $9,274
Total Liabilities and Net Assets / Fund Balance$1,029,080$1,038,354▲ $9,274

Asset Categories

AssetBook ValueDepreciationBasis
Land$214,449--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Dwight ComptonPresident & CEO
Jim KilbourneDirector
Kay CarterDirector
Oliver McBrideDirector
Shannon DaltonDirector
Strader BlankenshipDirector
Robert LeonardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,657
Program Service Revenue
$0
Investment Income
$14,206
Other Revenue
$3,600
All Other Contributions
$27,657
Change in Net Assets
$9,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$29,500
Other Expenses$6,689
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$29,500--$29,500
Fees for Service Investment Mgmnt Fees-$5,831-$5,831
Fees for Services Accounting-$500-$500
Other Expenses-$290-$290
Office Expenses-$68-$68
Total Functional Expenses$29,500$6,689$0$36,189
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Line 11B: Form 990 Review Process

“The organization's Treasurer met with the preparer of the Form 990 and reviewed the Form and the working papers generated in connection with the preparation of the Form. Subsequently, the Treasurer reviewed the Form 990 with the Board.”

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

“The organization makes its governing documents, financial statements, and Form 990 available upon request. However, there were no requests received in our fiscal year ended July 31, 2017 for these documents. The organization does not have a conflicts of interest policy.”

Part VI, Section B, Line 11B

“The organization's Treasurer met with the preparer of the Form 990 and reviewed the Form and the working papers generated in connection with the preparation of the Form. Subsequently, the Treasurer reviewed the Form 990 with the Board.”

Part VI, Section C, Line 19

“The organization makes its governing documents, financial statements, and Form 990 available upon request. However, there were no requests received in our fiscal year ended July 31, 2017 for these documents. The organization does not have a conflicts of interest policy.”

Filing and Contact Details

Filer

Filer Name
Carroll Scholarship Foundation
EIN
51-0506693
Phone
2767284121
Address
Post Office Box 517, Hillsville, VA 24343

Signing Officer

Name
Robert Leonard
Title
Treasurer
Signed
2017-10-27
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Larrowe and Company PLC
Address
104 Cranberry Road Suite 100-A, Galax, VA 24333
Preparer
Michael D Larrowe
Phone
2766012295
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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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IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt027657
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt029339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt023667
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt080663
IRS990ScheduleA/TotalSupportAmt0201882
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0214449
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0214449
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0214449
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt029500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Part I, Line 2 - Scholarships are coordinated through the Carroll County School System
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization's Treasurer met with the preparer of the Form 990 and reviewed the Form and the working papers generated in connection with the preparation of the Form. Subsequently, the Treasurer reviewed the Form 990 with the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization makes its governing documents, financial statements, and Form 990 available upon request. However, there were no requests received in our fiscal year ended July 31, 2017 for these documents. The organization does not have a conflicts of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's Treasurer met with the preparer of the Form 990 and reviewed the Form and the working papers generated in connection with the preparation of the Form. Subsequently, the Treasurer reviewed the Form 990 with the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, financial statements, and Form 990 available upon request. However, there were no requests received in our fiscal year ended July 31, 2017 for these documents. The organization does not have a conflicts of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01029080
IRS990/TotalAssetsEOYAmt01038354
IRS990/TotalAssetsGrp/BOYAmt01029080
IRS990/TotalAssetsGrp/EOYAmt01038354
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt027657
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06689
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt029500
IRS990/TotalFunctionalExpensesGrp/TotalAmt036189
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01029080
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01038354
IRS990/TotalProgramServiceExpensesAmt029500
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017806
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt045463
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01029080
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01038354
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Leonard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Carroll Scholarship Foundation
ReturnHeader/Filer/BusinessNameControlTxt0CARR
ReturnHeader/Filer/EIN0510506693
ReturnHeader/Filer/PhoneNum02767284121
ReturnHeader/Filer/USAddress/AddressLine1Txt0Post Office Box 517
ReturnHeader/Filer/USAddress/CityNm0Hillsville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024343
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Larrowe and Company PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 Cranberry Road Suite 100-A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Galax
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024333
ReturnHeader/PreparerPersonGrp/PhoneNum02766012295
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael D Larrowe
ReturnHeader/ReturnTs02017-10-27T08:15:21-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,038,354
Liabilities
$0
Net assets
$1,038,354
Revenue
$45,463
Expenses
$36,189
Net income
$9,274
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.00$2.11$0.65$0.10$0.55
2024Summary only. Only limited summary data is available for this year.$1.55$0.00$1.55$0.22$0.05$0.16
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$0.08$0.05$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.00$1.36$0.00$0.04$0.04
2021Summary only. Only limited summary data is available for this year.$1.40$0.00$1.40$0.22$0.06$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.00$1.24$0.12$0.04$0.09
2019Summary only. Only limited summary data is available for this year.$1.15$0.00$1.15$0.11$0.05$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.00$1.08$0.08$0.04$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.05$0.04$0.01
2016Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$0.08$0.04$0.03
2015Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$0.08$0.03$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.00$0.85$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.00$0.81$0.03
2011Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$0.04$0.03$0.02