Civic Intelligence

Virginia Innovation Partnership Corporation

990 • Fiscal year 2013 • EIN 54-1282820

Jul 01, 2012 to Jun 30, 2013 • Filed on Nov 14, 2013

Organization Profilewww.cit.org

View Organization Page

2214 Rock Hill Road20170
Siviq Scores

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

Liabilities / Assets

40th percentile

0.16x

Higher debt load relative to assets than 40% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M 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

83rd percentile

17%

Faster asset growth than 83% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$7,810,162

Up $1,131,897 (+17%) from 2012

Net Assets

Up

$6,543,743

Up $886,238 (+16%) from 2012

Liabilities

Up

$1,266,419

Up $245,659 (+24%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$12,608,230

Up $1,049,911 (+9.1%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$100M$50M$0Assets 2010: $3,299,543Liabilities 2010: $417,223Net Assets 2010: $2,882,3202010Assets 2011: $5,374,148Liabilities 2011: $2,322,551Net Assets 2011: $3,051,5972011Assets 2012: $6,678,265Liabilities 2012: $1,020,760Net Assets 2012: $5,657,5052012Assets 2013: $7,810,162Liabilities 2013: $1,266,419Net Assets 2013: $6,543,7432013Assets 2014: $8,466,387Liabilities 2014: $1,158,844Net Assets 2014: $7,307,5432014Assets 2015: $5,721,624Liabilities 2015: $1,227,615Net Assets 2015: $4,494,0092015Assets 2016: $8,642,092Liabilities 2016: $1,463,047Net Assets 2016: $7,179,0452016Assets 2017: $9,823,778Liabilities 2017: $775,460Net Assets 2017: $9,048,3182017Assets 2018: $9,517,704Liabilities 2018: $806,717Net Assets 2018: $8,710,9872018Assets 2019: $10,496,302Liabilities 2019: $794,399Net Assets 2019: $9,701,9032019Assets 2020: $23,262,960Liabilities 2020: $1,428,870Net Assets 2020: $21,834,0902020Assets 2021: $80,085,835Liabilities 2021: $3,759,991Net Assets 2021: $76,325,8442021Assets 2022: $75,363,860Liabilities 2022: $2,223,793Net Assets 2022: $73,140,0672022Assets 2023: $85,819,315Liabilities 2023: $15,911,707Net Assets 2023: $69,907,6082023Assets 2024: $79,950,256Liabilities 2024: $4,497,266Net Assets 2024: $75,452,9902024

Highlighted filing

2013

Assets$7,810,162
Liabilities$1,266,419
Net Assets$6,543,743
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $7,129,2022010Revenue 2011: $8,286,769Expenses 2011: $8,117,492Net Income 2011: $169,2772011Revenue 2012: $14,164,227Expenses 2012: $11,558,319Net Income 2012: $2,605,9082012Expenses 2013: $12,608,2302013Revenue 2014: $17,009,146Expenses 2014: $16,245,346Net Income 2014: $763,8002014Revenue 2015: $12,743,002Expenses 2015: $15,556,536Net Income 2015: -$2,813,5342015Revenue 2016: $17,461,396Expenses 2016: $14,776,360Net Income 2016: $2,685,0362016Revenue 2017: $15,624,415Expenses 2017: $14,296,289Net Income 2017: $1,328,1262017Revenue 2018: $15,067,290Expenses 2018: $13,033,448Net Income 2018: $2,033,8422018Revenue 2019: $15,204,083Expenses 2019: $14,213,168Net Income 2019: $990,9152019Revenue 2020: $28,495,666Expenses 2020: $16,363,481Net Income 2020: $12,132,1852020Revenue 2021: $76,061,606Expenses 2021: $21,650,254Net Income 2021: $54,411,3522021Revenue 2022: $22,793,161Expenses 2022: $25,978,938Net Income 2022: -$3,185,7772022Revenue 2023: $34,793,623Expenses 2023: $38,026,082Net Income 2023: -$3,232,4592023Revenue 2024: $47,361,433Expenses 2024: $39,383,995Net Income 2024: $7,977,4382024

Highlighted filing

2013

Revenue-
Expenses$12,608,230
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Nov 14, 2013
Return Version
2012v2.0
Gross Receipts
$13,494,468
Mission and Program Overview

Mission

CIT's mission:

Major Activities

Activity 2
Broadband program - the mission of cit's broadband program is to accelerate the socio-economic growth of virginia's rural and underserved areas through the application and use of broadband telecommunications. Cit supports the office of telework promotion and broadband assistance, which resides within the office of the secretary of technology. In addition, cit is virginia's designated entity for the american recovery and reinvestment act broadband mapping and planning activities under a federal g
Activity 3
Connect program - this service line is dedicated to helping federal, state, and corporate consumers of technology identify and assimiate inovation. The connect service delivers unique and innovative value-add solutions enabling technology consumption, adoption, and integration into organizations. Customers span local, state, and federal consumers across a variety of industries with emphasis on education, health and information technologies.
Filing and Contact Details

Filer

EIN
54-1282820
Raw XML AppendixShowing 400 of 774 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.

Path#Value
IRS990/AccountantCompileOrReview0false
IRS990/AccountsPayableAccruedExpenses/BOY0264453
IRS990/AccountsPayableAccruedExpenses/EOY0632770
IRS990/AccountsReceivable/BOY0316247
IRS990/AccountsReceivable/EOY0529959
IRS990/ActivitiesConductedPartnership0false
IRS990/Activity2/Description0BROADBAND PROGRAM - THE MISSION OF CIT'S BROADBAND PROGRAM IS TO ACCELERATE THE SOCIO-ECONOMIC GROWTH OF VIRGINIA'S RURAL AND UNDERSERVED AREAS THROUGH THE APPLICATION AND USE OF BROADBAND TELECOMMUNICATIONS. CIT SUPPORTS THE OFFICE OF TELEWORK PROMOTION AND BROADBAND ASSISTANCE, WHICH RESIDES WITHIN THE OFFICE OF THE SECRETARY OF TECHNOLOGY. IN ADDITION, CIT IS VIRGINIA'S DESIGNATED ENTITY FOR THE AMERICAN RECOVERY AND REINVESTMENT ACT BROADBAND MAPPING AND PLANNING ACTIVITIES UNDER A FEDERAL G
IRS990/Activity2/Expense02138439
IRS990/Activity2/Revenue02001186
IRS990/Activity3/Description0CONNECT PROGRAM - THIS SERVICE LINE IS DEDICATED TO HELPING FEDERAL, STATE, AND CORPORATE CONSUMERS OF TECHNOLOGY IDENTIFY AND ASSIMIATE INOVATION. THE CONNECT SERVICE DELIVERS UNIQUE AND INNOVATIVE VALUE-ADD SOLUTIONS ENABLING TECHNOLOGY CONSUMPTION, ADOPTION, AND INTEGRATION INTO ORGANIZATIONS. CUSTOMERS SPAN LOCAL, STATE, AND FEDERAL CONSUMERS ACROSS A VARIETY OF INDUSTRIES WITH EMPHASIS ON EDUCATION, HEALTH AND INFORMATION TECHNOLOGIES.
IRS990/Activity3/Expense01453813
IRS990/Activity3/Revenue01451660
IRS990/ActivityOrMissionDescription0CIT's mission is to promote economic development in Virginia by attracting and retaining high technology jobs and businesses.
IRS990/ActivityOther/Description0Other program services - R&D Program,Innovation Center, and Commonwealth Support.
IRS990/ActivityOther/Expense01508527
IRS990/ActivityOther/Revenue071625
IRS990/AddressPrincipalOfficerUS/AddressLine102214 ROCK HILL RD SUITE 600
IRS990/AddressPrincipalOfficerUS/City0HERNDON
IRS990/AddressPrincipalOfficerUS/State0VA
IRS990/AddressPrincipalOfficerUS/ZIPCode020170
IRS990/AllOtherContributions040550
IRS990/AllOtherExpenses/Fundraising00
IRS990/AllOtherExpenses/ManagementAndGeneral0424990
IRS990/AllOtherExpenses/ProgramServices0670567
IRS990/AllOtherExpenses/Total01095557
IRS990/AnnualDisclosureCoveredPersons0true
IRS990/AuditCommittee0false
IRS990/BenefitsPaidToMembersCY00
IRS990/BsnssRltnshpThruFamilyMember0false
IRS990/BsnssRltnshpWithOrganization0false
IRS990/CashNonInterestBearing/BOY0500
IRS990/CashNonInterestBearing/EOY0500
IRS990/ChangesToOrganizingDocs0false
IRS990/CollectionsOfArt0false
IRS990/CompCurrentOfficersDirectors/Fundraising00
IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral01248126
IRS990/CompCurrentOfficersDirectors/ProgramServices0292303
IRS990/CompCurrentOfficersDirectors/Total01540429
IRS990/CompensationFromOtherSources0false
IRS990/CompensationProcessCEO0true
IRS990/CompensationProcessOther0false
IRS990/ConflictOfInterestPolicy0true
IRS990/ConservationEasements0false
IRS990/ConsolidatedAuditFinancialStmt0true
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine1011751 MEADOWVILLE LANE
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine11455 SECOND STREET SE
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine121880 PRATT DRIVE SUITE 2006
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine135433 NORTH 24TH STREET
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City0CHESTER
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City1CHARLOTTESVILLE
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City2BLACKSBURG
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City3ARLINGTON
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State0VA
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State1CA
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State2VA
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State3VA
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode023836
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode122902
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode224060
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode322205
IRS990/ContractorCompensation/Compensation0634507
IRS990/ContractorCompensation/Compensation1314825
IRS990/ContractorCompensation/Compensation2256906
IRS990/ContractorCompensation/Compensation3186970
IRS990/ContractorCompensation/DescriptionOfServices0subcontractor svs/IT svs
IRS990/ContractorCompensation/DescriptionOfServices1subcontractor services
IRS990/ContractorCompensation/DescriptionOfServices2subcontractor services
IRS990/ContractorCompensation/DescriptionOfServices3consulting services
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine10VITA
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine11BROAD AXE TECHNOLOGY PARTNERS
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine12VIRGINIA TECH
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine13EXOVENTURE ASSOCIATES LLC
IRS990/ContributionsGrantsCurrentYear09266199
IRS990/ContributionsGrantsPriorYear09419323
IRS990/CreditCounseling0false
IRS990/DecisionsSubjectToApproval0false
IRS990/DeductibleContributionsOfArt0false
IRS990/DeductibleNonCashContributions0false
IRS990/DeferredRevenue/BOY0592770
IRS990/DeferredRevenue/EOY0436948
IRS990/DelegationOfManagementDuties0false
IRS990/DescribedIn501C30true
IRS990/Description0ENTREPRENEUR PROGRAM - CIT RECOGNIZES THAT THE AVAILABILITY OF EARLY-STAGE CAPITAL IS A CRITICAL NEED OF MANY EMERGING TECHNOLOGY COMPANIES BY MAKING CONNECTION WITH "HARD TO ACCESS" PRIVATE AND FEDERAL FUNDING SOURCES. CIT'S GROWTH ACCELERATION PROGRAM (GAP) FUNDS MAKE SEED-STAGE EQUITY INVESTMENTS IN VIRGINIA-BASED TECHNOLOGY AND LIFE SCIENCE COMPANIES WITH A HIGH POTENTIAL FOR ACHIEVING RAPID GROWTH AND GENERATING SIGNIFICANT ECONOMIC RETURN. CIT'S COMMONWEALTH ENERGY FUND MAKES SEED-STAGE EQUITY INVESTMENTS IN VIRGINIA-BASED ENERGY VENTURES THAT HAVE ACHIEVED A "COMMERCIALLY AVAILABLE", REVENUE-READY STAGE OF DEVELOPMENT CAPABLE OF SUSTAINING A HIGH-GROWTH BUSINESS MODEL WHILE GENERATING JOBS IN VIRGINIA. CIT'S FEDERAL FUNDING ASSISTANCE PROGRAM IDENTIFIES AND ACCELERATES OPPORTUNITIES FOR VIRGINIA'S SMALL TECHNOLOGY BUSINESSES TO OBTAIN SBIR, STTR AND ATP AWARDS AND OTHER GOVERNMENT CONTRACTS.
IRS990/DisregardedEntity0false
IRS990/DistributionToDonor0false
IRS990/DocumentRetentionPolicy0true
IRS990/DonorAdvisedFunds0true
IRS990/ElectionOfBoardMembers0false
IRS990/EmploymentTaxReturnsFiled0true
IRS990/ExcessBenefitTransaction0false
IRS990/ExcessBusinessHoldings0false
IRS990/Expense05735906
IRS990/FamilyOrBusinessRelationship0false
IRS990/FederalGrantAuditRequired0false
IRS990/FeesForServicesAccounting/Fundraising00
IRS990/FeesForServicesAccounting/ManagementAndGeneral07317
IRS990/FeesForServicesAccounting/ProgramServices00
IRS990/FeesForServicesAccounting/Total07317
IRS990/FeesForServicesLegal/Fundraising00
IRS990/FeesForServicesLegal/ManagementAndGeneral036500
IRS990/FeesForServicesLegal/ProgramServices00
IRS990/FeesForServicesLegal/Total036500
IRS990/FeesForServicesLobbying/Fundraising00
IRS990/FeesForServicesLobbying/ManagementAndGeneral091670
IRS990/FeesForServicesLobbying/ProgramServices00
IRS990/FeesForServicesLobbying/Total091670
IRS990/FeesForServicesOther/Fundraising00
IRS990/FeesForServicesOther/ManagementAndGeneral06678
IRS990/FeesForServicesOther/ProgramServices00
IRS990/FeesForServicesOther/Total06678
IRS990/FollowSFAS1170X
IRS990/ForeignActivities0false
IRS990/ForeignFinancialAccount0false
IRS990/ForeignOffice0false
IRS990/Form8282PropertyDisposedOf0false
IRS990/Form990PartVIISectionA/AverageHoursPerWeek02.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek12.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek61.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek71.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek81.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek91.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek101.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek111.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek121.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek131.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek141
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1540
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1640
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1740
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1840
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1940
IRS990/Form990PartVIISectionA/AverageHoursPerWeek2040
IRS990/Form990PartVIISectionA/AverageHoursPerWeek2140
IRS990/Form990PartVIISectionA/AverageHoursPerWeek2240
IRS990/Form990PartVIISectionA/AverageHoursPerWeek2340
IRS990/Form990PartVIISectionA/AverageHoursPerWeek2440
IRS990/Form990PartVIISectionA/HighestCompensatedEmployee0X
IRS990/Form990PartVIISectionA/HighestCompensatedEmployee1X
IRS990/Form990PartVIISectionA/HighestCompensatedEmployee2X
IRS990/Form990PartVIISectionA/HighestCompensatedEmployee3X
IRS990/Form990PartVIISectionA/HighestCompensatedEmployee4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector8X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector9X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector10X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector11X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector12X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector13X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector14X
IRS990/Form990PartVIISectionA/KeyEmployee0X
IRS990/Form990PartVIISectionA/KeyEmployee1X
IRS990/Form990PartVIISectionA/KeyEmployee2X
IRS990/Form990PartVIISectionA/NamePerson0DAVID C LUCIEN
IRS990/Form990PartVIISectionA/NamePerson1JOSEPH P DOHERTY JR
IRS990/Form990PartVIISectionA/NamePerson2KAREN BOOTH ADAMS
IRS990/Form990PartVIISectionA/NamePerson3JIM CHENG
IRS990/Form990PartVIISectionA/NamePerson4JIM DUFFEY
IRS990/Form990PartVIISectionA/NamePerson5LAURA FORNASH
IRS990/Form990PartVIISectionA/NamePerson6ERIC J HANSEN
IRS990/Form990PartVIISectionA/NamePerson7TERRY HSIAO
IRS990/Form990PartVIISectionA/NamePerson8WAYNE HUNTER
IRS990/Form990PartVIISectionA/NamePerson9RAY O JOHNSON
IRS990/Form990PartVIISectionA/NamePerson10HOOKS JOHNSTON
IRS990/Form990PartVIISectionA/NamePerson11DON RAINEY
IRS990/Form990PartVIISectionA/NamePerson12MICHEAL RAO
IRS990/Form990PartVIISectionA/NamePerson13CHARLES W STEGER
IRS990/Form990PartVIISectionA/NamePerson14TERESA SULLIVAN
IRS990/Form990PartVIISectionA/NamePerson15PETER J JOBSE
IRS990/Form990PartVIISectionA/NamePerson16LINDA E GENTRY
IRS990/Form990PartVIISectionA/NamePerson17PAUL MCGOWAN
IRS990/Form990PartVIISectionA/NamePerson18TOM WEITHMAN
IRS990/Form990PartVIISectionA/NamePerson19KAREN JACKSON
IRS990/Form990PartVIISectionA/NamePerson20ROBERT STOLLE
IRS990/Form990PartVIISectionA/NamePerson21NANCY VORONA
IRS990/Form990PartVIISectionA/NamePerson22HENRY CONNORS
IRS990/Form990PartVIISectionA/NamePerson23PRABHAT AGARWAL
IRS990/Form990PartVIISectionA/NamePerson24DAVID IHRIE
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/OtherCompensation80
IRS990/Form990PartVIISectionA/OtherCompensation90
IRS990/Form990PartVIISectionA/OtherCompensation100
IRS990/Form990PartVIISectionA/OtherCompensation110
IRS990/Form990PartVIISectionA/OtherCompensation120
IRS990/Form990PartVIISectionA/OtherCompensation130
IRS990/Form990PartVIISectionA/OtherCompensation1455766
IRS990/Form990PartVIISectionA/OtherCompensation1541769
IRS990/Form990PartVIISectionA/OtherCompensation1652462
IRS990/Form990PartVIISectionA/OtherCompensation1747925
IRS990/Form990PartVIISectionA/OtherCompensation1826583
IRS990/Form990PartVIISectionA/OtherCompensation1936827
IRS990/Form990PartVIISectionA/OtherCompensation2034290
IRS990/Form990PartVIISectionA/OtherCompensation2140198
IRS990/Form990PartVIISectionA/OtherCompensation2239150
IRS990/Form990PartVIISectionA/OtherCompensation2340003
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization110
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization120
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization130
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization14323213
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization15241466
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization16289786
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization17254028
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization18157564
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization19191521
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20171755
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization21167058
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization22148674
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization23147833
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs120
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs130
IRS990/Form990PartVIISectionA/Title0Chairman
IRS990/Form990PartVIISectionA/Title1Vice Chairman
IRS990/Form990PartVIISectionA/Title2Director
IRS990/Form990PartVIISectionA/Title3Director
IRS990/Form990PartVIISectionA/Title4Director
IRS990/Form990PartVIISectionA/Title5Director
IRS990/Form990PartVIISectionA/Title6Director
IRS990/Form990PartVIISectionA/Title7Director
IRS990/Form990PartVIISectionA/Title8Director
IRS990/Form990PartVIISectionA/Title9Director
IRS990/Form990PartVIISectionA/Title10Director
IRS990/Form990PartVIISectionA/Title11Director
IRS990/Form990PartVIISectionA/Title12Director
IRS990/Form990PartVIISectionA/Title13Director
IRS990/Form990PartVIISectionA/Title14Director
IRS990/Form990PartVIISectionA/Title15President and CEO
IRS990/Form990PartVIISectionA/Title16Chief Financial Officer
IRS990/Form990PartVIISectionA/Title17VP, Consulting Services
IRS990/Form990PartVIISectionA/Title18Managing Director and VP
IRS990/Form990PartVIISectionA/Title19VP, Broadband Programs
IRS990/Form990PartVIISectionA/Title20VP, Regional Growth Programs
IRS990/Form990PartVIISectionA/Title21VP, Research Investment
IRS990/Form990PartVIISectionA/Title22VP, Gov't & Public Affairs
IRS990/Form990PartVIISectionA/Title23Dir, Consulting Services
IRS990/Form990PartVIISectionA/Title24Chief Technology Officer
IRS990/Form990ProvidedToGoverningBody0true
IRS990/FormersListed0false
IRS990/FSAudited0true
IRS990/FSAuditedBasis/FinancialStatementConsolidated0X
IRS990/FundraisingActivities0false
IRS990/FundsToPayPremiums0false
IRS990/Gaming0false
IRS990/GovernmentGrants09225649
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsToIndividuals0false
IRS990/GrantsToOrganizations0false
IRS990/GrantToRelatedPerson0false
IRS990/GrossReceipts013494468
IRS990/GroupReturnForAffiliates0false
IRS990/Hospital0false
IRS990/IndependentAuditFinancialStmt0false
IRS990/IndoorTanningServices0false
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InformationTechnology/Fundraising00
IRS990/InformationTechnology/ManagementAndGeneral0506962
IRS990/InformationTechnology/ProgramServices00
IRS990/InformationTechnology/Total0506962
IRS990/Insurance/Fundraising00
IRS990/Insurance/ManagementAndGeneral025133
IRS990/Insurance/ProgramServices00
IRS990/Insurance/Total025133
IRS990/InvestmentIncomeCurrentYear0228106
IRS990/InvestmentIncome/ExclusionAmount0228106
IRS990/InvestmentIncomePriorYear023077
IRS990/InvestmentIncome/TotalRevenueColumn0228106
IRS990/InvestmentInJointVenture0false
IRS990/InvestmentsPubTradedSecurities/EOY036240
IRS990/LoanToOfficerOrDQP0false
IRS990/LobbyingActivities0true
IRS990/LocalChapters0false
IRS990/MaterialDiversionOrMisuse0false
IRS990/MembersOrStockholders0false
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees0true
IRS990/MinutesOfGoverningBody0true
IRS990/MissionDescription0CIT's mission:
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0false
IRS990/NameOfPrincipalOfficerPerson0LINDA E GENTRY
IRS990/NbrIndependentVotingMembers015
IRS990/NbrVotingGoverningBodyMembers015
IRS990/NbrVotingMembersGoverningBody015
IRS990/NetAssetsOrFundBalancesBOY05657505
IRS990/NetAssetsOrFundBalancesEOY06543743
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith1096016
IRS990/NumberIndependentVotingMembers015
IRS990/NumberIndividualsGT100K015
IRS990/NumberOfContractorsGT100K04
IRS990/NumberOfEmployees040
IRS990/NumberW2GIncluded00
IRS990/OfficeExpenses/Fundraising00
IRS990/OfficeExpenses/ManagementAndGeneral043956
IRS990/OfficeExpenses/ProgramServices00
IRS990/OfficeExpenses/Total043956
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY0190741
IRS990/OtherAssetsTotal/EOY0470044
IRS990/OtherEmployeeBenefits/Fundraising00
IRS990/OtherEmployeeBenefits/ManagementAndGeneral0444651
IRS990/OtherEmployeeBenefits/ProgramServices00
IRS990/OtherEmployeeBenefits/Total0444651
IRS990/OtherExpensePriorYear06549562
IRS990/OtherExpensesCurrentYear07222319
IRS990/OtherExpenses/Description0Entrepreneur program
IRS990/OtherExpenses/Description1Broadband program
IRS990/OtherExpenses/Description2Connect program
IRS990/OtherExpenses/Description3Allocation of Fringe, OH & GA
IRS990/OtherExpenses/Fundraising00
IRS990/OtherExpenses/Fundraising10
IRS990/OtherExpenses/Fundraising20
IRS990/OtherExpenses/Fundraising30
IRS990/OtherExpenses/ManagementAndGeneral00
IRS990/OtherExpenses/ManagementAndGeneral10
IRS990/OtherExpenses/ManagementAndGeneral20
IRS990/OtherExpenses/ManagementAndGeneral3-3287079
IRS990/OtherExpenses/ProgramServices03232697
IRS990/OtherExpenses/ProgramServices11553369
IRS990/OtherExpenses/ProgramServices2596889
IRS990/OtherExpenses/ProgramServices33287079
IRS990/OtherExpenses/Total03232697
IRS990/OtherExpenses/Total11553369
IRS990/OtherExpenses/Total2596889
IRS990/OtherExpenses/Total30
IRS990/OtherLiabilities/BOY0163537
IRS990/OtherLiabilities/EOY0196701
IRS990/OtherRevenueCurrentYear0141357
IRS990/OtherRevenueMisc/BusinessCode0900099
IRS990/OtherRevenueMisc/Description0Gain on investment
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome079105
IRS990/OtherRevenueMisc/TotalRevenueColumn079105
IRS990/OtherRevenuePriorYear031746
IRS990/OtherSalariesAndWages/Fundraising00
IRS990/OtherSalariesAndWages/ManagementAndGeneral01554187
IRS990/OtherSalariesAndWages/ProgramServices01203781
IRS990/OtherSalariesAndWages/Total02757968
IRS990/PartialLiquidation0false
IRS990/PayrollTaxes/Fundraising00
IRS990/PayrollTaxes/ManagementAndGeneral0268240
IRS990/PayrollTaxes/ProgramServices00
IRS990/PayrollTaxes/Total0268240
IRS990/PensionPlanContributions/Fundraising00
IRS990/PensionPlanContributions/ManagementAndGeneral0374623
IRS990/PensionPlanContributions/ProgramServices00
IRS990/PensionPlanContributions/Total0374623
IRS990/PoliticalActivities0false
IRS990/PremiumsPaid0false
IRS990/PrepaidExpensesDeferredCharges/BOY052461
IRS990/PrepaidExpensesDeferredCharges/EOY019674
IRS990/PriorExcessBenefitTransaction0false
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenue/BusinessCode0900099

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,810,162
Liabilities
$1,266,419
Net assets
$6,543,743
Revenue
-
Expenses
$12,608,230
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$80.0$4.50$75.5$47.4$39.4$7.98
2023Detailed filing. Detailed filing data is available for this year.$85.8$15.9$69.9$34.8$38.0$3.23
2022Detailed filing. Detailed filing data is available for this year.$75.4$2.22$73.1$22.8$26.0$3.19
2021Detailed filing. Detailed filing data is available for this year.$80.1$3.76$76.3$76.1$21.7$54.4
2020Summary only. Only limited summary data is available for this year.$23.3$1.43$21.8$28.5$16.4$12.1
2019Summary only. Only limited summary data is available for this year.$10.5$0.79$9.70$15.2$14.2$0.99
2018Summary only. Only limited summary data is available for this year.$9.52$0.81$8.71$15.1$13.0$2.03
2017Summary only. Only limited summary data is available for this year.$9.82$0.78$9.05$15.6$14.3$1.33
2016Summary only. Only limited summary data is available for this year.$8.64$1.46$7.18$17.5$14.8$2.69
2015Summary only. Only limited summary data is available for this year.$5.72$1.23$4.49$12.7$15.6$2.81
2014Detailed filing. Detailed filing data is available for this year.$8.47$1.16$7.31$17.0$16.2$0.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.81$1.27$6.54$12.6
2012Summary only. Only limited summary data is available for this year.$6.68$1.02$5.66$14.2$11.6$2.61
2011Summary only. Only limited summary data is available for this year.$5.37$2.32$3.05$8.29$8.12$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.42$2.88$7.13