Civic Intelligence

The Galax Foundation for Excellence in Education

990 • Fiscal year 2014 • EIN 54-1430294

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 10, 2014

Organization ProfileGALAXSCHOOLS.US/THE-GALAX-FOUNDATION-FOR-
PO Box 48724333

(276) 236-4301

Siviq Scores

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

Liabilities / Assets

38th percentile

0.04x

Higher debt load relative to assets than 38% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.33x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

73rd percentile

12%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

85th percentile

41%

Faster revenue growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$2,550,235

Up $266,049 (+12%) from 2013

Net Assets

Up

$2,438,958

Up $231,413 (+10%) from 2013

Liabilities

Up

$111,277

Up $34,636 (+45%) from 2013

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin95th percentile

Revenue

$341,848

No earlier filing loaded for comparison.

Expenses

Up

$110,435

Up $19,896 (+22%) from 2013

Net Income

$231,413

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,870,477Liabilities 2010: $87,692Net Assets 2010: $1,782,7852010Assets 2011: $1,907,122Liabilities 2011: $86,577Net Assets 2011: $1,820,5452011Assets 2012: $1,940,107Liabilities 2012: $79,322Net Assets 2012: $1,860,7852012Assets 2013: $2,284,186Liabilities 2013: $76,641Net Assets 2013: $2,207,5452013Assets 2014: $2,550,235Liabilities 2014: $111,277Net Assets 2014: $2,438,9582014Assets 2015: $2,619,682Liabilities 2015: $101,353Net Assets 2015: $2,518,3292015Assets 2016: $2,618,957Liabilities 2016: $98,580Net Assets 2016: $2,520,3772016Assets 2017: $2,708,324Liabilities 2017: $104,129Net Assets 2017: $2,604,1952017Assets 2018: $2,867,843Liabilities 2018: $117,486Net Assets 2018: $2,750,3572018Assets 2019: $3,302,162Liabilities 2019: $114,313Net Assets 2019: $3,187,8492019Assets 2020: $3,259,603Liabilities 2020: $90,450Net Assets 2020: $3,169,1532020Assets 2021: $4,037,079Liabilities 2021: $107,700Net Assets 2021: $3,929,3792021Assets 2022: $3,680,209Liabilities 2022: $124,263Net Assets 2022: $3,555,9462022Assets 2023: $4,019,241Liabilities 2023: $148,163Net Assets 2023: $3,871,0782023Assets 2024: $4,541,196Liabilities 2024: $156,339Net Assets 2024: $4,384,8572024Assets 2025: $5,235,326Liabilities 2025: $149,695Net Assets 2025: $5,085,6312025

Highlighted filing

2014

Assets$2,550,235
Liabilities$111,277
Net Assets$2,438,958
Open 2014 Filing

Operations Trend

Revenue Growth85th percentile

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

$800K$600K$400K$200K$0Expenses 2010: $88,1692010Revenue 2011: $123,074Expenses 2011: $85,314Net Income 2011: $37,7602011Expenses 2012: $80,0042012Expenses 2013: $90,5392013Revenue 2014: $341,848Expenses 2014: $110,435Net Income 2014: $231,4132014Revenue 2015: $182,475Expenses 2015: $103,104Net Income 2015: $79,3712015Revenue 2016: $108,303Expenses 2016: $106,255Net Income 2016: $2,0482016Revenue 2017: $195,368Expenses 2017: $111,550Net Income 2017: $83,8182017Revenue 2018: $265,131Expenses 2018: $118,969Net Income 2018: $146,1622018Revenue 2019: $207,343Expenses 2019: $111,015Net Income 2019: $96,3282019Revenue 2020: $145,130Expenses 2020: $81,287Net Income 2020: $63,8432020Revenue 2021: $237,603Expenses 2021: $143,551Net Income 2021: $94,0522021Revenue 2022: $406,992Expenses 2022: $151,708Net Income 2022: $255,2842022Revenue 2023: $539,072Expenses 2023: $162,829Net Income 2023: $376,2432023Revenue 2024: $271,500Expenses 2024: $159,893Net Income 2024: $111,6072024Revenue 2025: $746,121Expenses 2025: $160,627Net Income 2025: $585,4942025

Highlighted filing

2014

Revenue$341,848
Expenses$110,435
Net Income$231,413
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 10, 2014
Return Version
2013v3.1
Gross Receipts
$1,618,288
Mission and Program Overview

Mission

Educational assistance for galax, va public school students

EDUCATIONAL ASSISTANCE

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,522,259$2,348,378▲ $826,119
Savings and Temporary Cash Investments$760,724$201,857▼ $558,867
Accounts Receivable$1,203--
Total Assets$2,284,186$2,550,235▲ $266,049
Liabilities
Accounts Payable and Accrued Expenses$76,641$111,227▲ $34,586
Other Liabilities-$50-
Total Liabilities$76,641$111,277▲ $34,636
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,012,430$2,070,208▲ $57,778
Temporarily Rstr Net Assets$282,490$456,125▲ $173,635
Unrestricted Net Assets$-87,375$-87,375→ $0
Total Net Assets Fund Balance$2,207,545$2,438,958▲ $231,413
Total Liabilities and Net Assets / Fund Balance$2,284,186$2,550,235▲ $266,049
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Sheila a KeyChairman
Tony L TruittVice-chairma
Carol P MorrisDirector
Doug MorganDirector
Edward a Hanks IiDirector
James G Nuckolls MdDirector
Jill CockerhamDirector
Jon D ApplebaumDirector
Philip CardwellDirector
Robert K KirbyDirector
Susie Dixon GarnerDirector
Wendi R PembertonDirector
William L Davis JrDirector
Bill H SturgillEx-offico
Raquel Alderman LyonsSecretary
Kimberley C MessnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$62,528
Program Service Revenue
$0
Investment Income
$279,320
Other Revenue
$0
All Other Contributions
$62,528
Change in Net Assets
$231,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,435
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
Fees for Services Management-$14,400-$14,400
Fees for Services Accounting-$3,500-$3,500
Other Expenses$74,512$662-$662
All Other Expenses-$652-$652
Total Functional Expenses$74,512$35,923$0$110,435
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
Deferred Support Revenue$50
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Reviewed by organization's accountant (cpa) prior to being filed.”

Form 990, Page 6, Part VI, Line 19

“Available for public inspection upon request.”

Filing and Contact Details

Filer

EIN
54-1430294
Phone
2762364301

Signing Officer

Name
Tony L Truitt
Title
Vice President
Phone
2762364301
Signed
2014-10-10
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
20

Preparer

Preparer
Rodger L Adams
Phone
2762368135
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Transfer of funds 0 transfer of funds 0”

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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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE OTHER SOURCES OF INCOME INCLUDE INTEREST AND DIVIDENDS EARNED FROM FUNDS INVESTED FROM PUBLIC SUPPORT. THE ORGANIZATION HAS A GOVERNING BOARD AND GENERALLY PROVIDES SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUOUS BASIS.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0MAJOR CONTRIBUTIONS - NONCASH (MUTUAL FUNDS) 17,496
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt1FUND RAISING 10,076
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt2THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE OTHER SOURCES OF INCOME INCLUDE INTEREST AND DIVIDENDS EARNED FROM FUNDS INVESTED FROM PUBLIC SUPPORT. THE ORGANIZATION HAS A GOVERNING BOARD AND GENERALLY PROVIDES SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUOUS BASIS.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc1PART II, LINE 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc2PART II, LINE 17A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt045033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt037711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt037110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt024708
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt035018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0179580
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt065393
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt056826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt066998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt069281
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt071072
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0329570
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05866
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02285
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01925
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010076
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.29550
IRS990ScheduleA/PublicSupportPY170Pct00.27560
IRS990ScheduleA/PublicSupportTotal170Amt0153424
IRS990ScheduleA/SubstantialContributorsTotAmt026156
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045033
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt037711
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt037110
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt024708
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt035018
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0179580
IRS990ScheduleA/TotalSupportAmt0519226
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED SUPPORT REVENUE
IRS990ScheduleD/TotalLiabilityAmt050
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY ORGANIZATION'S ACCOUNTANT (CPA) PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRANSFER OF FUNDS 0 TRANSFER OF FUNDS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0282490
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0456125
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02284186
IRS990/TotalAssetsEOYAmt02550235
IRS990/TotalAssetsGrp/BOYAmt02284186
IRS990/TotalAssetsGrp/EOYAmt02550235
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt062528
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035923
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt074512
IRS990/TotalFunctionalExpensesGrp/TotalAmt0110435
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt076641
IRS990/TotalLiabilitiesEOYAmt0111277
IRS990/TotalLiabilitiesGrp/BOYAmt076641
IRS990/TotalLiabilitiesGrp/EOYAmt0111277
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02207545
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02438958
IRS990/TotalProgramServiceExpensesAmt074512
IRS990/TotalRevenueGrp/ExclusionAmt065393
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0213927
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0341848
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02284186
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02550235
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-87375
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-87375
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY L TRUITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02762364301
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10GALAX FOUNDATION FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine20EXCELLENCE IN EDUCATION
ReturnHeader/Filer/BusinessNameControlTxt0GALA
ReturnHeader/Filer/EIN0541430294
ReturnHeader/Filer/PhoneNum02762364301
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 487
ReturnHeader/Filer/USAddress/City0GALAX
ReturnHeader/Filer/USAddress/State0VA
ReturnHeader/Filer/USAddress/ZIPCode024333
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270949400
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10PERSINGER & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10203 W GRAYSON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0GALAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode024333
ReturnHeader/PreparerPersonGrp/PhoneNum02762368135
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RODGER L ADAMS
ReturnHeader/ReturnTs02014-11-07T13:49:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,550,235
Liabilities
$111,277
Net assets
$2,438,958
Revenue
$341,848
Expenses
$110,435
Net income
$231,413
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.24$0.15$5.09$0.75$0.16$0.59
2024Detailed filing. Detailed filing data is available for this year.$4.54$0.16$4.38$0.27$0.16$0.11
2023Detailed filing. Detailed filing data is available for this year.$4.02$0.15$3.87$0.54$0.16$0.38
2022Detailed filing. Detailed filing data is available for this year.$3.68$0.12$3.56$0.41$0.15$0.26
2021Detailed filing. Detailed filing data is available for this year.$4.04$0.11$3.93$0.24$0.14$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.26$0.09$3.17$0.15$0.08$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.30$0.11$3.19$0.21$0.11$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.87$0.12$2.75$0.27$0.12$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.71$0.10$2.60$0.20$0.11$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.62$0.10$2.52$0.11$0.11$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.62$0.10$2.52$0.18$0.10$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.55$0.11$2.44$0.34$0.11$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.08$2.21$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.08$1.86$0.08
2011Summary only. Only limited summary data is available for this year.$1.91$0.09$1.82$0.12$0.09$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.09$1.78$0.09