Civic Intelligence

Central Virginia Foundation for Economic Education&Improvement Inc

EIN 54-1255814 • 501(c)3 • Lynchburg, VA

Profile

Furtherance of economic growth, education, training and development

300 Lucado PlLynchburg, VA 24504

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.20x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.61x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-36%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

24th percentile

-4.8%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

45%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$1,485,502

Down $74,267 (-4.8%) from 2023

Liabilities

Down

$297,982

Down $32,883 (-9.9%) from 2023

Net Assets

Down

$1,187,520

Down $41,384 (-3.4%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin9th percentile

Revenue

Up

$113,955

Up $35,198 (+45%) from 2023

Expenses

Up

$155,339

Up $22,356 (+17%) from 2023

Net Income

Up

-$41,384

Up $12,842 (+24%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $13,281Liabilities 2010: $0Net Assets 2010: $13,2812010Assets 2011: $514,054Liabilities 2011: $449,443Net Assets 2011: $64,6112011Assets 2012: $1,099,941Liabilities 2012: $441,656Net Assets 2012: $658,2852012Assets 2013: $1,119,250Liabilities 2013: $272,086Net Assets 2013: $847,1642013Assets 2014: $968,471Liabilities 2014: $102,987Net Assets 2014: $865,4842014Assets 2015: $1,202,326Liabilities 2015: $93,257Net Assets 2015: $1,109,0692015Assets 2016: $1,505,166Liabilities 2016: $21,489Net Assets 2016: $1,483,6772016Assets 2017: $1,721,708Liabilities 2017: $270,134Net Assets 2017: $1,451,5742017Assets 2018: $1,840,348Liabilities 2018: $410,594Net Assets 2018: $1,429,7542018Assets 2019: $2,057,636Liabilities 2019: $666,439Net Assets 2019: $1,391,1972019Assets 2020: $1,886,148Liabilities 2020: $499,339Net Assets 2020: $1,386,8092020Assets 2021: $1,805,751Liabilities 2021: $463,322Net Assets 2021: $1,342,4292021Assets 2022: $1,630,168Liabilities 2022: $347,038Net Assets 2022: $1,283,1302022Assets 2023: $1,559,769Liabilities 2023: $330,865Net Assets 2023: $1,228,9042023Assets 2024: $1,485,502Liabilities 2024: $297,982Net Assets 2024: $1,187,5202024

Highlighted filing

2024

Assets$1,485,502
Liabilities$297,982
Net Assets$1,187,520
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $5502010Expenses 2011: $34,9272011Expenses 2012: $113,7082012Revenue 2013: $266,601Expenses 2013: $77,722Net Income 2013: $188,8792013Revenue 2014: $66,290Expenses 2014: $47,970Net Income 2014: $18,3202014Revenue 2015: $295,394Expenses 2015: $51,809Net Income 2015: $243,5852015Revenue 2016: $414,285Expenses 2016: $39,677Net Income 2016: $374,6082016Revenue 2017: -$30,794Expenses 2017: $1,309Net Income 2017: -$32,1032017Revenue 2018: $48,387Expenses 2018: $70,207Net Income 2018: -$21,8202018Revenue 2019: $40,423Expenses 2019: $78,980Net Income 2019: -$38,5572019Revenue 2020: $279,472Expenses 2020: $283,860Net Income 2020: -$4,3882020Revenue 2021: $156,272Expenses 2021: $200,652Net Income 2021: -$44,3802021Revenue 2022: $182,629Expenses 2022: $241,928Net Income 2022: -$59,2992022Revenue 2023: $78,757Expenses 2023: $132,983Net Income 2023: -$54,2262023Revenue 2024: $113,955Expenses 2024: $155,339Net Income 2024: -$41,3842024

Highlighted filing

2024

Revenue$113,955
Expenses$155,339
Net Income-$41,384
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,485,502
Liabilities
$297,982
Net assets
$1,187,520
Revenue
$113,955
Expenses
$155,339
Net income
-$41,384
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.30$1.19$0.11$0.16$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.56$0.33$1.23$0.08$0.13$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.63$0.35$1.28$0.18$0.24$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.81$0.46$1.34$0.16$0.20$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.89$0.50$1.39$0.28$0.28$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.06$0.67$1.39$0.04$0.08$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.84$0.41$1.43$0.05$0.07$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.72$0.27$1.45$0.03$0.00$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.02$1.48$0.41$0.04$0.37
2015Detailed filing. Detailed filing data is available for this year.$1.20$0.09$1.11$0.30$0.05$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.97$0.10$0.87$0.07$0.05$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.12$0.27$0.85$0.27$0.08$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.44$0.66$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.45$0.06$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 25, 2025
Return Version
2024v5.0
Gross Receipts
$149,818
Mission and Program Overview

Mission

Furtherance of economic growth, education, training and development

Charitable and education purposes in furtherance of economic growth, education, training and development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,355,178$1,286,577▼ $68,601
Cash and Non-Interest-Bearing Accounts$169,423$176,917▲ $7,494
Accounts Receivable$11,300$12,400▲ $1,100
Pledges and Grants Receivable$23,868$9,608▼ $14,260
Total Assets$1,559,769$1,485,502▼ $74,267
Liabilities
Other Liabilities$164,500$158,500▼ $6,000
Mortgage Notes Payable Secured by Investment Property$111,368$91,085▼ $20,283
Deferred Revenue$54,997$41,386▼ $13,611
Accounts Payable and Accrued Expenses-$7,011-
Total Liabilities$330,865$297,982▼ $32,883
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,201,744$1,174,620▼ $27,124
Net Assets With Donor Restrictions$27,160$12,900▼ $14,260
Total Net Assets Fund Balance$1,228,904$1,187,520▼ $41,384
Total Liabilities and Net Assets / Fund Balance$1,559,769$1,485,502▼ $74,267

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,151,885$463,630$1,615,515
Land$133,500-$133,500
Other Land Buildings$1,192$33,233$34,425
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Dr John CappsDirector
Mehgan MccrickardDirector
Paul DenhamDirector
Robert ObrianDirector
Sheena GillispieDirector
Teresa DavisDirector
Steve LamannaPres
Megan LucasSec/treas
Lauren DianichVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$88,570
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$25,385
All Other Contributions
$88,570
Change in Net Assets
$-41,384

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,707
Revenue Not Reported on Financial Statements
$85,248
Revenue Not Reported on Form 990
$1,685,310
Other Revenue Adjustments
$85,248
Total Revenue per Audited Statements
$1,714,017
Total Revenue per Form 990
$113,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,339
Total Fundraising Expense$100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$67,939--$67,939
Conferences and Meetings$1,337--$1,337
Office Expenses-$928-$928
Insurance-$250-$250
Other Expenses$84,760$25$100$25
Total Functional Expenses$154,036$1,203$100$155,339

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,049,211
Expenses Not Reported on Form 990$1,979,120
Total Expenses per Form 990$155,339
Expenses Not Reported on Financial Statements$85,248
Other Expense Adjustments$85,248
Expenses per Audited Statements$70,091
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
Due to Affiliate$158,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is filed based on the audit of the lynchburg regional business alliance. The form 990 was reviewed by the cvf board prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Each director & officer is provided with and asked to review a copy of the policy and to acknowledge in writing that he or she has done so. Annually each director & officer shall complete a disclosure form identifying any relationships, positions, or circumstances in which he or she is involved that they believe could contribute to a conflict of interest. Any information is treated as confidential and shall generally be made available only to the chair, the president and any committee appointed to address such conflicts. The policy is reviewed annually by each board member. Any changes to the policy are communicated to all.”

Form 990, Page 6, Part VI, Line 19

“These are made available upon request”

Filing and Contact Details

Filer

Filer Name
Central Virginia Foundation for
EIN
54-1255814
Phone
4348455968
Address
300 LUCADO PL, LYNCHBURG, VA 24504

Signing Officer

Name
Megan Lucas
Title
Sec/treas
Phone
4348455968
Signed
2025-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Lucas
Formed
1983
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Wyndhurst CPA Group Pllc
Address
104 ARCHWAY CT, LYNCHBURG, VA 24502
Preparer
Timothy a Blanks
Phone
4348468458
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is a not-for-profit corporation, exempt from income tax under section 501(a) of the internal revenue code ("the code") and has been determined to be a charitable organization under section 501(c)(3)of the code, which qualifies contributions, bequests, and legacies as deductions by the donor for income. Estate amd gift tax purposes. The foundation has fiscal year ending december 31. Certain revenues of the organization, including advertising income, commissions, net rental income on debt-financed property, and revenue from the sale of mailing labels are subject to tax as "unrelated business taxable income". The organization did not pay any taxes for unrelated business income for the years ended december 31, 2024 and 2023. The oranization has evaluated all tax positions that could have a significant effect on the financial statements and determined the organization had no uncertain income tax positions at december 31, 2024 and 2023. The organiztion's income tax filings are subject to audit by various taxing authorities. Open audit periods include its years ending december 31, 2021 through 2024.”

Schedule D, Page 4, Part XI, Line 2D

“Revenue of lynchburg regional 0 business alliance in 0 in combined financial statements 1,649,447 rental expenses netted on 990 35,863”

Schedule D, Page 4, Part XI, Line 4B

“Intercompany revenue 85,248”

Schedule D, Page 4, Part XII, Line 2D

“Expenses of lynchburg regional 0 business alliance included 0 in combined 0 financial statements 1,943,257 rental expenses netted on 990 35,863”

Schedule D, Page 4, Part XII, Line 4B

“Intercompany expenses 85,248”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION, EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE ("THE CODE") AND HAS BEEN DETERMINED TO BE A CHARITABLE ORGANIZATION UNDER SECTION 501(C)(3)OF THE CODE, WHICH QUALIFIES CONTRIBUTIONS, BEQUESTS, AND LEGACIES AS DEDUCTIONS BY THE DONOR FOR INCOME. ESTATE AMD GIFT TAX PURPOSES. THE FOUNDATION HAS FISCAL YEAR ENDING DECEMBER 31. CERTAIN REVENUES OF THE ORGANIZATION, INCLUDING ADVERTISING INCOME, COMMISSIONS, NET RENTAL INCOME ON DEBT-FINANCED PROPERTY, AND REVENUE FROM THE SALE OF MAILING LABELS ARE SUBJECT TO TAX AS "UNRELATED BUSINESS TAXABLE INCOME". THE ORGANIZATION DID NOT PAY ANY TAXES FOR UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. THE ORANIZATION HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2024 AND 2023. THE ORGANIZTION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS INCLUDE ITS YEARS ENDING DECEMBER 31, 2021 THROUGH 2024.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE OF LYNCHBURG REGIONAL 0 BUSINESS ALLIANCE IN 0 IN COMBINED FINANCIAL STATEMENTS 1,649,447 RENTAL EXPENSES NETTED ON 990 35,863
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTERCOMPANY REVENUE 85,248
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES OF LYNCHBURG REGIONAL 0 BUSINESS ALLIANCE INCLUDED 0 IN COMBINED 0 FINANCIAL STATEMENTS 1,943,257 RENTAL EXPENSES NETTED ON 990 35,863
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INTERCOMPANY EXPENSES 85,248
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS FILED BASED ON THE AUDIT OF THE LYNCHBURG REGIONAL BUSINESS ALLIANCE. THE FORM 990 WAS REVIEWED BY THE CVF BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR & OFFICER IS PROVIDED WITH AND ASKED TO REVIEW A COPY OF THE POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. ANNUALLY EACH DIRECTOR & OFFICER SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT THEY BELIEVE COULD CONTRIBUTE TO A CONFLICT OF INTEREST. ANY INFORMATION IS TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE PRESIDENT AND ANY COMMITTEE APPOINTED TO ADDRESS SUCH CONFLICTS. THE POLICY IS REVIEWED ANNUALLY BY EACH BOARD MEMBER. ANY CHANGES TO THE POLICY ARE COMMUNICATED TO ALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0SCHEDULE R, PART II, COLUMN B TO PROMOTE ECONOMIC GROWTH, POSITIVE BUSINESS CLIMATE & QUALITY OF LIFE
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL VIRGINIA FOUNDATION FOR
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