Civic Intelligence

Central VA Found for Economic Education & Improvement Incorp

990 • Fiscal year 2017 • EIN 54-1255814

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 06, 2018

Organization ProfileN/A
300 Lucado PlLynchburg, VA 24504

(434) 845-5966

Siviq Scores

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

Liabilities / Assets

59th percentile

0.16x

Higher debt load relative to assets than 59% of similar nonprofits.

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

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

100th percentile

104%

Higher net margin than 100% 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.

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

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$1,721,708

Up $216,542 (+14%) from 2016

Net Assets

Down

$1,451,574

Down $32,103 (-2.2%) from 2016

Liabilities

Up

$270,134

Up $248,645 (+1157%) from 2016

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$30,794

Down $445,079 (-107%) from 2016

Expenses

Down

$1,309

Down $38,368 (-97%) from 2016

Net Income

Down

-$32,103

Down $406,711 (-109%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$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

2017

Assets$1,721,708
Liabilities$270,134
Net Assets$1,451,574
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue-$30,794
Expenses$1,309
Net Income-$32,103
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 6, 2018
Return Version
2017v2.3
Gross Receipts
$20,875
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$1,130,465$1,600,738▲ $470,273
Pledges and Grants Receivable$301,132$70,940▼ $230,192
Cash and Non-Interest-Bearing Accounts$73,569$50,030▼ $23,539
Total Assets$1,505,166$1,721,708▲ $216,542
Liabilities
Other Liabilities-$190,000-
Unsecured Notes Loans Payable-$50,000-
Deferred Revenue$5,495$15,595▲ $10,100
Accounts Payable and Accrued Expenses$15,994$14,539▼ $1,455
Total Liabilities$21,489$270,134▲ $248,645
Net Assets / Fund Balance
Unrestricted Net Assets$1,121,020$1,352,723▲ $231,703
Temporarily Rstr Net Assets$362,657$98,851▼ $263,806
Total Net Assets Fund Balance$1,483,677$1,451,574▼ $32,103
Total Liabilities and Net Assets / Fund Balance$1,505,166$1,721,708▲ $216,542

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,437,959$12,718$1,450,677
Land$133,500-$133,500
Other Land Buildings$29,279$1,084$30,363
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ed CraighillDirector
Jim RichardsDirector
John DoyleDirector
Leighton HouckDirector
Linda EdwardsDirector
Pat McnamaraDirector
Todd HallDirector
Tulane PattersonDirector
Stefanie ProkityPres
Megan LucasSec/treas
John StoneVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$5,563
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-36,357
All Other Contributions
$5,563
Change in Net Assets
$-32,103

Audited Revenue Reconciliation

Revenue per Audited Statements
$-52,106
Revenue Not Reported on Financial Statements
$21,312
Revenue Not Reported on Form 990
$2,853,639
Other Revenue Adjustments
$21,312
Total Revenue per Audited Statements
$2,801,533
Total Revenue per Form 990
$-30,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,309
Total Fundraising Expense$200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,084--$1,084
Other Expenses$25-$200$25
Total Functional Expenses$1,109$0$200$1,309

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$1,550,078
Total Expenses per Audited Statements$1,530,075
Expenses Not Reported on Financial Statements$21,312
Other Expense Adjustments$21,312
Total Expenses per Form 990$1,309
Expenses per Audited Statements$-20,003
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$190,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Address
300 LUCADO PL, LYNCHBURG, VA 24504

Signing Officer

Name
Megan Lucas
Title
Sec/treas
Signed
2018-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Lucas
Formed
1983
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Brockman Drinkard & Pennington Pc
Address
104 ARCHWAY COURT, 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 as described in section 501 (c)(3) of the internal revenue code (the "code") and is exempt from federal income taxes pursuant to section 501(a) of the code. The foundation had no unrelated business income in 2017 and did not pay any income taxes for the year ended december 31, 2017. The foundation has evaluated all tax positions that could have a significant effect on the financial statements and determined the foundation had no uncertain income tax positions at december 31, 2017. The foundation's income tax filings are subject to audit by various taxing authorities. Open audit periods include its years ending december 31, 2014 through 2017.”

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

“Revenue of lynchburg regional 0 business alliance and region 0 2k technology council included 0 in combined financial statements 2,801,970 rental expenses netted on 990 51,669”

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

“Intercompany revenue 21,312”

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

“Expenses of lynchburg regional 0 business alliance and region 0 2k technology council 0 included in combined 0 financial statements 1,498,409 rental expenses netted on 990 51,669”

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

“Intercompany expenses 21,312”

Raw XML AppendixShowing 400 of 430 raw XML fields

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 AS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME IN 2017 AND DID NOT PAY ANY INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2017. THE FOUNDATION HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2017. THE FOUNDATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS INCLUDE ITS YEARS ENDING DECEMBER 31, 2014 THROUGH 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE OF LYNCHBURG REGIONAL 0 BUSINESS ALLIANCE AND REGION 0 2K TECHNOLOGY COUNCIL INCLUDED 0 IN COMBINED FINANCIAL STATEMENTS 2,801,970 RENTAL EXPENSES NETTED ON 990 51,669
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTERCOMPANY REVENUE 21,312
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES OF LYNCHBURG REGIONAL 0 BUSINESS ALLIANCE AND REGION 0 2K TECHNOLOGY COUNCIL 0 INCLUDED IN COMBINED 0 FINANCIAL STATEMENTS 1,498,409 RENTAL EXPENSES NETTED ON 990 51,669
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INTERCOMPANY EXPENSES 21,312
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/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LYNCHBURG REG BUS ALLIANCE
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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/BuildTS02018-06-14 16:35:46Z
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,721,708
Liabilities
$270,134
Net assets
$1,451,574
Revenue
-$30,794
Expenses
$1,309
Net income
-$32,103
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