Civic Intelligence

The Galax Foundation for Excellence in Education

990 • Fiscal year 2016 • EIN 54-1430294

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 11, 2016

Organization ProfileGALAXSCHOOLS.US/THE-GALAX-FOUNDATION-FOR-
PO Box 487Galax, VA 24333

(276) 236-4301

Siviq Scores

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

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.91x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

49th percentile

1.9%

Higher net margin than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

44th percentile

-0.0%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-41%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$2,618,957

Down $725 (-0.0%) from 2015

Net Assets

Up

$2,520,377

Up $2,048 (+0.1%) from 2015

Liabilities

Down

$98,580

Down $2,773 (-2.7%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin49th percentile

Revenue

Down

$108,303

Down $74,172 (-41%) from 2015

Expenses

Up

$106,255

Up $3,151 (+3.1%) from 2015

Net Income

Down

$2,048

Down $77,323 (-97%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2016

Assets$2,618,957
Liabilities$98,580
Net Assets$2,520,377
Open 2016 Filing

Operations Trend

Revenue Growth8th 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

2016

Revenue$108,303
Expenses$106,255
Net Income$2,048
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$648,311
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$2,432,346$2,515,834▲ $83,488
Savings and Temporary Cash Investments$187,336$103,123▼ $84,213
Total Assets$2,619,682$2,618,957▼ $725
Liabilities
Accounts Payable and Accrued Expenses$101,353$98,580▼ $2,773
Total Liabilities$101,353$98,580▼ $2,773
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,156,115$2,197,235▲ $41,120
Temporarily Rstr Net Assets$449,589$410,517▼ $39,072
Unrestricted Net Assets$-87,375$-87,375→ $0
Total Net Assets Fund Balance$2,518,329$2,520,377▲ $2,048
Total Liabilities and Net Assets / Fund Balance$2,619,682$2,618,957▼ $725
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Sheila a KeyChairman
Tony L TruittVice-chairma
Allan FunkDirector
C Michael DeesDirector
Carol P MorrisDirector
Celia N VaughanDirector
Doug MorganDirector
James G Nuckolls MdDirector
Kimberly L OsborneDirector
Matthew C RitchieDirector
Sharon C RitchieDirector
Susie Dixon GarnerDirector
Virginia CorrellDirector
Wendi R PembertonDirector
Bill H SturgillEx-offico
Jill CockerhamSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$45,470
Program Service Revenue
$0
Investment Income
$57,288
Other Revenue
$5,545
All Other Contributions
$45,470
Change in Net Assets
$2,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$106,255
Total Fundraising Expense$70
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$14,400-$14,400
Fees for Services Accounting-$3,500-$3,500
All Other Expenses-$795$70$865
Other Expenses$64,100$701-$701
Total Functional Expenses$64,100$42,085$70$106,255
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,545
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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

Filer Name
The Galax Foundation for
EIN
54-1430294
Phone
2762364301
Address
PO BOX 487, GALAX, VA 24333

Signing Officer

Name
Susie Dixon Garner
Title
Director
Phone
2762364301
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Michael Dees
Formed
1988
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
20

Preparer

Firm
Persinger & Associates Inc
Address
203 W GRAYSON STREET, GALAX, VA 24333
Preparer
Rodger L Adams
Phone
2762368135
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Transfer of funds 20,678 transfer of funds -20,678”

Raw XML Appendix391 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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt089507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt045033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt037711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt037110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0254831
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt099200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt088126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt065393
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt056826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt066998
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0376543
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05545
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05866
IRS990ScheduleA/OtherIncome170Grp/TotalAmt011411
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IRS990ScheduleA/PublicSupportCY170Pct00.37640
IRS990ScheduleA/PublicSupportPY170Pct00.33840
IRS990ScheduleA/PublicSupportTotal170Amt0241975
IRS990ScheduleA/SubstantialContributorsTotAmt012856
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045470
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt089507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt045033
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt037711
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt037110
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0254831
IRS990ScheduleA/TotalSupportAmt0642785
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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 20,678 TRANSFER OF FUNDS -20,678
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0410517
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02619682
IRS990/TotalAssetsEOYAmt02618957
IRS990/TotalAssetsGrp/BOYAmt02619682
IRS990/TotalAssetsGrp/EOYAmt02618957
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045470
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt070
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042085
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt064100
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106255
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0101353
IRS990/TotalLiabilitiesEOYAmt098580
IRS990/TotalLiabilitiesGrp/BOYAmt0101353
IRS990/TotalLiabilitiesGrp/EOYAmt098580
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02518329
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02520377
IRS990/TotalProgramServiceExpensesAmt064100
IRS990/TotalRevenueGrp/ExclusionAmt0104745
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-41912
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0108303
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02619682
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02618957
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-87375
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-87375
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 487
IRS990/USAddress/CityNm0GALAX
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024333
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSIE DIXON GARNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02762364301
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GALAX FOUNDATION FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EXCELLENCE IN EDUCATION
ReturnHeader/Filer/BusinessNameControlTxt0GALA
ReturnHeader/Filer/EIN0541430294
ReturnHeader/Filer/PhoneNum02762364301
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 487
ReturnHeader/Filer/USAddress/CityNm0GALAX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024333
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270949400
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PERSINGER & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0203 W GRAYSON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GALAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024333
ReturnHeader/PreparerPersonGrp/PhoneNum02762368135
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RODGER L ADAMS
ReturnHeader/ReturnTs02016-11-15T13:15:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,618,957
Liabilities
$98,580
Net assets
$2,520,377
Revenue
$108,303
Expenses
$106,255
Net income
$2,048
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