Civic Intelligence

Darst Vermillion Foundation

990 • Fiscal year 2021 • EIN 54-1159425

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileN/A
1205 Regent PlaceLynchburg, VA 24502-2123

(434) 237-0941

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

9.7%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$1,800

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

28th percentile

0.6%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-68%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,820,431

Up $10,478 (+0.6%) from 2020

Net Assets

Up

$1,820,293

Up $10,616 (+0.6%) from 2020

Liabilities

Down

$138

Down $138 (-50%) from 2020

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin45th percentile

Revenue

Down

$109,514

Down $236,103 (-68%) from 2020

Expenses

Down

$98,898

Down $2,338 (-2.3%) from 2020

Net Income

Down

$10,616

Down $233,765 (-96%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,639,006Liabilities 2011: $0Net Assets 2011: $1,639,0062011Assets 2012: $1,611,256Liabilities 2012: $1,547Net Assets 2012: $1,609,7092012Assets 2013: $1,612,600Liabilities 2013: $0Net Assets 2013: $1,612,6002013Assets 2014: $1,779,085Liabilities 2014: $0Net Assets 2014: $1,779,0852014Assets 2015: $1,744,190Liabilities 2015: $69Net Assets 2015: $1,744,1212015Assets 2016: $1,688,212Liabilities 2016: $934Net Assets 2016: $1,687,2782016Assets 2017: $1,602,325Liabilities 2017: $138Net Assets 2017: $1,602,1872017Assets 2018: $1,610,059Liabilities 2018: $138Net Assets 2018: $1,609,9212018Assets 2019: $1,565,571Liabilities 2019: $276Net Assets 2019: $1,565,2952019Assets 2020: $1,809,953Liabilities 2020: $276Net Assets 2020: $1,809,6772020Assets 2021: $1,820,431Liabilities 2021: $138Net Assets 2021: $1,820,2932021Assets 2022: $1,791,782Liabilities 2022: $138Net Assets 2022: $1,791,6442022Assets 2023: $1,680,286Liabilities 2023: $138Net Assets 2023: $1,680,1482023Assets 2024: $1,698,189Liabilities 2024: $69Net Assets 2024: $1,698,1202024

Highlighted filing

2021

Assets$1,820,431
Liabilities$138
Net Assets$1,820,293
Open 2021 Filing

Operations Trend

Revenue Growth3rd percentile

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

$400K$200K$0-$200KRevenue 2011: $68,617Expenses 2011: $81,146Net Income 2011: -$12,5292011Revenue 2012: $62,273Expenses 2012: $91,570Net Income 2012: -$29,2972012Revenue 2013: $88,247Expenses 2013: $82,556Net Income 2013: $5,6912013Revenue 2014: $271,428Expenses 2014: $104,943Net Income 2014: $166,4852014Revenue 2015: $60,060Expenses 2015: $95,024Net Income 2015: -$34,9642015Revenue 2016: $42,166Expenses 2016: $99,012Net Income 2016: -$56,8462016Revenue 2017: $23,665Expenses 2017: $108,757Net Income 2017: -$85,0922017Revenue 2018: $107,739Expenses 2018: $100,005Net Income 2018: $7,7342018Revenue 2019: $59,364Expenses 2019: $103,990Net Income 2019: -$44,6262019Revenue 2020: $345,617Expenses 2020: $101,236Net Income 2020: $244,3812020Revenue 2021: $109,514Expenses 2021: $98,898Net Income 2021: $10,6162021Revenue 2022: $84,435Expenses 2022: $113,084Net Income 2022: -$28,6492022Revenue 2023: -$14,329Expenses 2023: $97,167Net Income 2023: -$111,4962023Revenue 2024: $126,091Expenses 2024: $108,119Net Income 2024: $17,9722024

Highlighted filing

2021

Revenue$109,514
Expenses$98,898
Net Income$10,616
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.1
Gross Receipts
$365,138
Mission and Program Overview

Mission

Provide for the operation of a Christian Day School

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,687,821$1,702,116▲ $14,295
Land, Buildings, and Equipment, Net$111,444$107,087▼ $4,357
Savings and Temporary Cash Investments$10,423$10,963▲ $540
Total Assets$1,809,953$1,820,431▲ $10,478
Other Assets Total$265$265→ $0
Liabilities
Accounts Payable and Accrued Expenses$276$138▼ $138
Total Liabilities$276$138▼ $138
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,809,677$1,190,293▼ $619,384
Net Assets Without Donor Restrictions$0$630,000▲ $630,000
Total Net Assets Fund Balance$1,809,677$1,820,293▲ $10,616
Total Liabilities and Net Assets / Fund Balance$1,809,953$1,820,431▲ $10,478

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$76,958$158,262-
Land$30,000--
Equipment$129$33,989-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,809,677---$1,809,677
2019$1,565,296-▲ $345,617$74,922$1,809,677
2018$1,609,921-▲ $59,364$77,674$1,565,296
2017$1,602,187-▲ $107,739$73,001$1,609,921
2016$1,687,275-▲ $23,665$81,973$1,602,187
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleBaseTotal
Harriett A DarstSecretary/Treasurer$1,800$1,800

Board Members and Trustees

NameTitle
Maxwell CecilVice-Chairman of the Board
Ann DarstTrustee
Elinor FarmerTrustee
Lynn KiesterTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$109,514
Other Revenue
$0
Change in Net Assets
$10,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,062
Salaries, Compensation, and Employee Benefits$1,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$0$16,416$0$16,416
Insurance$9,159$0$0$9,159
Fees for Services Accounting$6,656$0$0$6,656
Depreciation Depletion$4,357$0$0$4,357
Other Expenses$3,425$0$0$3,425
Current Officers, Directors, Trustees, and Key Employees$0$1,800$0$1,800
Fees for Services Legal$1,217$0$0$1,217
Office Expenses$88$293$0$381
Payroll Taxes$0$36$0$36
Total Functional Expenses$80,127$18,771$0$98,898
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Darst-Vermillion Foundation
EIN
54-1159425
Phone
4342370941
Address
1205 Regent Place, Lynchburg, VA 24502-2123

Signing Officer

Name
Harriett A Darst
Title
Treasurer
Phone
4342370941
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harriett A Darst
Formed
1980
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
4
Employees
1
Volunteers
0

Preparer

Firm
Steven M Burcham CPA
Address
232 N Jefferson Ave, Pulaski, VA 24301
Preparer
Steven M Burcham CPA
Phone
5409806410
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Two of the Trustees are 1st cousins and the third Trustee is a 2nd cousin to the two trustees who are 1st cousins, all of whom are descendents of Margaret Vermillion Atkinson, from whose estate the Darst-Vermillion Foundation was created in trust.”

Pt VI, Line 11B

“The organization's CPA reviews the form 990 with the Chairman or Vice-Chairman and Secretary/Treasurer before filing the form 990.”

Pt VI, Line 12C

“Beginning with the board meeting of August 2009, and annually thereafter, Trustees have been required to review the conflict of interest policy of the organization and have been required to complete a board member conflict of interests disclosure form.”

Pt VI, Line 19

“The organiztion's governing documents are available to the public upon request.”

Financial Statement Notes

Pt V, Line 4

“Endowment funds are intended to provide assistance to support and maintain the operation of a Christian school in Dublin, Virginia.”

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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt077674
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt027004
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01602187
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01609921
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0107739
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt073001
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt026780
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01687275
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01602187
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt023665
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt081973
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0129
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033989
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt034118
IRS990ScheduleD/LandGrp/BookValueAmt030000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt030000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds are intended to provide assistance to support and maintain the operation of a Christian school in Dublin, Virginia.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0107087
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0All advertisements contain a racially non-discriminatory policy statement. All brochures contain a racially non- discriminatory policy statement. See response as given on Schedule E.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two of the Trustees are 1st cousins and the third Trustee is a 2nd cousin to the two trustees who are 1st cousins, all of whom are descendents of Margaret Vermillion Atkinson, from whose estate the Darst-Vermillion Foundation was created in trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's CPA reviews the form 990 with the Chairman or Vice-Chairman and Secretary/Treasurer before filing the form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Beginning with the board meeting of August 2009, and annually thereafter, Trustees have been required to review the conflict of interest policy of the organization and have been required to complete a board member conflict of interests disclosure form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organiztion's governing documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01809953
IRS990/TotalAssetsEOYAmt01820431
IRS990/TotalAssetsGrp/BOYAmt01809953
IRS990/TotalAssetsGrp/EOYAmt01820431
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018771
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt080127
IRS990/TotalFunctionalExpensesGrp/TotalAmt098898
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0276
IRS990/TotalLiabilitiesEOYAmt0138
IRS990/TotalLiabilitiesGrp/BOYAmt0276
IRS990/TotalLiabilitiesGrp/EOYAmt0138
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01809677
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01820293
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt080127
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt01800
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0109514
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0109514
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01809953
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01820431
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01205 Regent Place
IRS990/USAddress/CityNm0Lynchburg
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024502
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Harriett A Darst
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04342370941
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Darst-Vermillion Foundation
ReturnHeader/Filer/BusinessNameControlTxt0DARS
ReturnHeader/Filer/EIN0541159425
ReturnHeader/Filer/PhoneNum04342370941
ReturnHeader/Filer/USAddress/AddressLine1Txt01205 Regent Place
ReturnHeader/Filer/USAddress/CityNm0Lynchburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd0245022123
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Steven M Burcham CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0232 N Jefferson Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pulaski
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024301
ReturnHeader/PreparerPersonGrp/PhoneNum05409806410
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven M Burcham CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-16T20:18:59-07:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,820,431
Liabilities
$138
Net assets
$1,820,293
Revenue
$109,514
Expenses
$98,898
Net income
$10,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.13$0.11$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.01$0.10$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.08$0.11$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.11$0.10$0.01
2020Summary only. Only limited summary data is available for this year.$1.81$0.00$1.81$0.35$0.10$0.24
2019Summary only. Only limited summary data is available for this year.$1.57$0.00$1.57$0.06$0.10$0.04
2018Summary only. Only limited summary data is available for this year.$1.61$0.00$1.61$0.11$0.10$0.01
2017Summary only. Only limited summary data is available for this year.$1.60$0.00$1.60$0.02$0.11$0.09
2016Summary only. Only limited summary data is available for this year.$1.69$0.00$1.69$0.04$0.10$0.06
2015Summary only. Only limited summary data is available for this year.$1.74$0.00$1.74$0.06$0.10$0.03
2014Summary only. Only limited summary data is available for this year.$1.78$0.00$1.78$0.27$0.10$0.17
2013Summary only. Only limited summary data is available for this year.$1.61$0.00$1.61$0.09$0.08$0.01
2012Summary only. Only limited summary data is available for this year.$1.61$0.00$1.61$0.06$0.09$0.03
2011Summary only. Only limited summary data is available for this year.$1.64$0.00$1.64$0.07$0.08$0.01