Civic Intelligence

Unknown Organization

990 • Fiscal year 2013 • EIN 54-0505914

Jul 01, 2012 to Jun 30, 2013 • Filed on Sep 27, 2013

College Of Textiles Box 830127695-8301
Siviq Scores

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

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

13th percentile

-9.4%

Faster asset growth than 13% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$2,483,845

Down $256,221 (-9.4%) from 2012

Net Assets

Down

$2,373,370

Down $279,866 (-11%) from 2012

Liabilities

Up

$110,475

Up $23,645 (+27%) from 2012

Revenue

$238,738

No earlier filing loaded for comparison.

Expenses

Up

$454,863

Up $43,411 (+11%) from 2012

Net Income

-$216,125

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,460,077Liabilities 2011: $123,419Net Assets 2011: $4,336,6582011Assets 2012: $2,740,066Liabilities 2012: $86,830Net Assets 2012: $2,653,2362012Assets 2013: $2,483,845Liabilities 2013: $110,475Net Assets 2013: $2,373,3702013Assets 2014: $2,368,424Liabilities 2014: $50,221Net Assets 2014: $2,318,2032014

Highlighted filing

2013

Assets$2,483,845
Liabilities$110,475
Net Assets$2,373,370

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $728,9282011Expenses 2012: $411,4522012Revenue 2013: $238,738Expenses 2013: $454,863Net Income 2013: -$216,1252013Revenue 2014: $134,004Expenses 2014: $357,331Net Income 2014: -$223,3272014

Highlighted filing

2013

Revenue$238,738
Expenses$454,863
Net Income-$216,125
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Sep 27, 2013
Return Version
2012v2.1
Gross Receipts
$755,566
Mission and Program Overview

Mission

The institute of textile technology shall establish and maintain an educational institution at the graduate level for instruction of students and for research in literary and scientific branches of learning. The institute shall specialize in scientific instruction, research, and information service in those disciplines that apply to the materials, processes, and technologies for the manufacture of textiles, their distribution, and use.

Filing and Contact Details

Filer

EIN
54-0505914
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IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0THE INSTITUTE, THROUGH AN ALLICANCE WITH THE COLLEGE OF TEXTILES AND THE NC TEXTILE FOUNDATION IS FUNDING THE ITT CENTENNIAL SCHOLARSHIP. THE INSTITUTE'S MISSION IS TO PROVIDE LEADERS FOR THE TEXTILE INDUSTRY THROUGH EDUCATION; THEREFORE HELPING THE TEXTILE INDUSTRY MEET TODAY'S CHALLENGES AND TO REMAIN COMPETITIVE. THE INSTITUTE WILL PARTNER WITH THE COLLEGE OF TEXTILES TO SELECT ONE CANDIDATE OUT OF THE TOP TEN APPLICANTS TO RECEIVE THE ITT CENTENNIAL SCHOLARSHIP.
IRS990ScheduleO/GeneralExplanation/Explanation1THE 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. THE 990 REVIEW IS PERFORMED BY THE DIRECTOR OF ADMINISTRATION & FINANCE WITH THE PRESIDENT/CEO.
IRS990ScheduleO/GeneralExplanation/Explanation2NC STATE UNIVERSITY REQUIRES ANNUAL REPORTING OF CONFLICTS OF INTEREST.
IRS990ScheduleO/GeneralExplanation/Explanation3THE ITT BOARD OF TRUSTEES DETERMINES COMPENSATION FOR THE PRESIDENT BASED ON GUIDELINES FROM NC STATE UNIVERSITY.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION ADHERES TO THE FREEDOM OF INFORMATION ACT AND NC PUBLIC RECORDS INFORMATION ACT (INFORMATION AVAILABLE UPON REQUEST).
IRS990ScheduleO/GeneralExplanation/Explanation5NET ASSET RESTATEMENT (SEE BELOW) -15,590.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation7DURING THE CURRENT YEAR AUDIT, IT WAS NOTED THAT THE PRIOR YEAR VACATION ACCRUAL LIABILITY WAS UNDERSTATED AND THE RELATED VACATION EXPENSE FOR THE ACCRUAL WAS UNDERSTATED. NET ASSETS AT JUNE 30, 2012 HAVE BEEN ADJUSTED ACCORDINGLY.
IRS990ScheduleO/GeneralExplanation/Identifier0NEW PROGRAM SERVICES
IRS990ScheduleO/GeneralExplanation/Identifier1CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART III, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XII, LINE 2C, RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT:

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