Civic Intelligence

Central VA Found for Economic Education & Improvement Incorp

990 • Fiscal year 2020 • EIN 54-1255814

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 23, 2021

Organization ProfileN/A
300 Lucado PlLynchburg, VA 24504

(434) 845-5968

Siviq Scores

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

Liabilities / Assets

68th percentile

0.26x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

1.79x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

33rd percentile

-1.6%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

10th percentile

-8.3%

Faster asset growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

591%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$1,886,148

Down $171,488 (-8.3%) from 2019

Net Assets

Down

$1,386,809

Down $4,388 (-0.3%) from 2019

Liabilities

Down

$499,339

Down $167,100 (-25%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin33rd percentile

Revenue

Up

$279,472

Up $239,049 (+591%) from 2019

Expenses

Up

$283,860

Up $204,880 (+259%) from 2019

Net Income

Up

-$4,388

Up $34,169 (+89%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2020

Assets$1,886,148
Liabilities$499,339
Net Assets$1,386,809
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

2020

Revenue$279,472
Expenses$283,860
Net Income-$4,388
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 23, 2021
Return Version
2020v4.0
Gross Receipts
$313,476
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$1,634,659$1,561,269▼ $73,390
Cash and Non-Interest-Bearing Accounts$421,977$279,077▼ $142,900
Pledges and Grants Receivable$1,000$39,202▲ $38,202
Accounts Receivable-$6,600-
Total Assets$2,057,636$1,886,148▼ $171,488
Liabilities
Other Liabilities$188,500$182,500▼ $6,000
Mortgage Notes Payable Secured by Investment Property$183,800$166,940▼ $16,860
Deferred Revenue$277,018$143,992▼ $133,026
Accounts Payable and Accrued Expenses$17,121$5,907▼ $11,214
Total Liabilities$666,439$499,339▼ $167,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,386,905$1,344,315▼ $42,590
Net Assets With Donor Restrictions$4,292$42,494▲ $38,202
Total Net Assets Fund Balance$1,391,197$1,386,809▼ $4,388
Total Liabilities and Net Assets / Fund Balance$2,057,636$1,886,148▼ $171,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,411,404$193,379$1,604,783
Land$133,500-$133,500
Other Land Buildings$16,365$17,573$33,938
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Aubrey HallDirector
Denise WoernleDirector
Jim RichardsDirector
Karen DyerDirector
Pat McnamaraDirector
Susan ChapmanDirector
Darryl HuftenPres
Megan LucasSec/treas
John StoneVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$252,228
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$27,244
All Other Contributions
$51,202
Change in Net Assets
$-4,388

Audited Revenue Reconciliation

Revenue per Audited Statements
$194,224
Revenue Not Reported on Financial Statements
$85,248
Revenue Not Reported on Form 990
$1,350,936
Other Revenue Adjustments
$85,248
Total Revenue per Audited Statements
$1,545,160
Total Revenue per Form 990
$279,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,860
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$73,393--$73,393
Occupancy$4,136--$4,136
Insurance-$250-$250
Other Expenses$25--$25
Total Functional Expenses$283,610$250$0$283,860

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,751,586
Expenses Not Reported on Form 990$1,552,974
Total Expenses per Form 990$283,860
Expenses per Audited Statements$198,612
Expenses Not Reported on Financial Statements$85,248
Other Expense Adjustments$85,248
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$182,500
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
2021-06-23
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
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 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, and gift tax purposes. Net rental income is considered unrelated income since it is earned on a debt-financed property. The foundation an annual information return is filed with the internal revenue service. Management has evaluated all tax positions that could have a significant effect on the financial statements and determined the foundation had no uncertain inocme tax positions at december 31, 2020. The foundation's tax filings are subject to audit by various taxing authorities. Open audit periods include its year ending december 31, 2020, and the years ended december 31, 2017 through 2020.”

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

“Revenue of lynchburg regional 0 business alliance in 0 in combined financial statements 1,316,932 rental expenses netted on 990 34,004”

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 1,518,970 rental expenses netted on 990 34,004”

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

“Intercompany expenses 85,248”

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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt020875
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0414285
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0715091
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/RevenueNotReportedAmt01350936
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt085248
IRS990ScheduleD/RevenueSubtotalAmt0194224
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS 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, AND GIFT TAX PURPOSES. NET RENTAL INCOME IS CONSIDERED UNRELATED INCOME SINCE IT IS EARNED ON A DEBT-FINANCED PROPERTY. THE FOUNDATION AN ANNUAL INFORMATION RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INOCME TAX POSITIONS AT DECEMBER 31, 2020. THE FOUNDATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS INCLUDE ITS YEAR ENDING DECEMBER 31, 2020, AND THE YEARS ENDED DECEMBER 31, 2017 THROUGH 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE OF LYNCHBURG REGIONAL 0 BUSINESS ALLIANCE IN 0 IN COMBINED FINANCIAL STATEMENTS 1,316,932 RENTAL EXPENSES NETTED ON 990 34,004
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTERCOMPANY REVENUE 85,248
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES OF LYNCHBURG REGIONAL 0 BUSINESS ALLIANCE INCLUDED 0 IN COMBINED 0 FINANCIAL STATEMENTS 1,518,970 RENTAL EXPENSES NETTED ON 990 34,004
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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IRS990ScheduleD/TotalExpensesPerForm990Amt0283860
IRS990ScheduleD/TotalLiabilityAmt0182500
IRS990ScheduleD/TotalRevenuePerForm990Amt0279472
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01545160
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01751586
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IRS990/ScheduleORequiredInd0true
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LYNCHBURG REG BUS ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0540165020
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd024504
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0SCHEDULE R, PART II, COLUMN B TO PROMOTE ECONOMIC GROWTH, POSITIVE BUSINESS CLIMATE & QUALITY OF LIFE
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt224000
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalLiabilitiesGrp/EOYAmt0499339
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01386809
IRS990/TotalProgramServiceExpensesAmt0283610
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0279472
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt027244
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ReturnHeader/BuildTS02022-09-23 18:48:47Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,886,148
Liabilities
$499,339
Net assets
$1,386,809
Revenue
$279,472
Expenses
$283,860
Net income
-$4,388
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