Civic Intelligence

The Galax Foundation for Excellence in Education

990 • Fiscal year 2017 • EIN 54-1430294

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 03, 2017

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

38th percentile

0.04x

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

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

Liabilities / Revenue

79th percentile

0.53x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

89th percentile

43%

Higher net margin than 89% 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.

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

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

Asset Growth

51st percentile

3.4%

Faster asset growth than 51% of similar nonprofits.

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

Revenue Growth

91st percentile

80%

Faster revenue growth than 91% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$2,708,324

Up $89,367 (+3.4%) from 2016

Net Assets

Up

$2,604,195

Up $83,818 (+3.3%) from 2016

Liabilities

Up

$104,129

Up $5,549 (+5.6%) from 2016

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin89th percentile

Revenue

Up

$195,368

Up $87,065 (+80%) from 2016

Expenses

Up

$111,550

Up $5,295 (+5.0%) from 2016

Net Income

Up

$83,818

Up $81,770 (+3993%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2017

Assets$2,708,324
Liabilities$104,129
Net Assets$2,604,195
Open 2017 Filing

Operations Trend

Revenue Growth91st 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

2017

Revenue$195,368
Expenses$111,550
Net Income$83,818
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$651,377
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$2,515,834$2,575,723▲ $59,889
Savings and Temporary Cash Investments$103,123$132,601▲ $29,478
Total Assets$2,618,957$2,708,324▲ $89,367
Liabilities
Accounts Payable and Accrued Expenses$98,580$104,129▲ $5,549
Total Liabilities$98,580$104,129▲ $5,549
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,197,235$2,276,042▲ $78,807
Temporarily Rstr Net Assets$410,517$415,528▲ $5,011
Unrestricted Net Assets$-87,375$-87,375→ $0
Total Net Assets Fund Balance$2,520,377$2,604,195▲ $83,818
Total Liabilities and Net Assets / Fund Balance$2,618,957$2,708,324▲ $89,367
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
C Michael DeesChairman
Kimberly L OsborneVice-chairma
Allan FunkDirector
Celia N VaughanDirector
Faye P LittrellDirector
Jack Guynn IiiDirector
James G Nuckolls MdDirector
Matthew C RitchieDirector
Michelle C CrawfordDirector
Robin W PackDirector
Sarah R Friend DdsDirector
Sharon C RitchieDirector
Susie Dixon GarnerDirector
Virginia CorrellDirector
Bill H SturgillEx-offico
Jill CockerhamSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$83,582
Program Service Revenue
$0
Investment Income
$106,852
Other Revenue
$4,934
All Other Contributions
$83,582
Change in Net Assets
$83,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,550
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
All Other Expenses-$1,009-$1,009
Other Expenses$66,857$883-$883
Total Functional Expenses$66,857$44,693$0$111,550
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,850
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
2017-11-03
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 67,093 transfer of funds -67,093”

Raw XML Appendix397 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/Form990ScheduleAPartVIGrp/ExplanationTxt0FUND RAISING 16,261 OTHER INCOME 84
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt083582
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt045470
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt089507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt045033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt037711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0301303
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt086771
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt099200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt088126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt065393
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt056826
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0396316
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04934
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05545
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05866
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016345
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.31530
IRS990ScheduleA/PublicSupportPY170Pct00.37640
IRS990ScheduleA/PublicSupportTotal170Amt0225081
IRS990ScheduleA/SubstantialContributorsTotAmt076222
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt083582
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt045470
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt089507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt045033
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt037711
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0301303
IRS990ScheduleA/TotalSupportAmt0713964
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 67,093 TRANSFER OF FUNDS -67,093
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/BOYAmt0410517
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0415528
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02618957
IRS990/TotalAssetsEOYAmt02708324
IRS990/TotalAssetsGrp/BOYAmt02618957
IRS990/TotalAssetsGrp/EOYAmt02708324
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt083582
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044693
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt066857
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111550
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098580
IRS990/TotalLiabilitiesEOYAmt0104129
IRS990/TotalLiabilitiesGrp/BOYAmt098580
IRS990/TotalLiabilitiesGrp/EOYAmt0104129
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02520377
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02604195
IRS990/TotalProgramServiceExpensesAmt066857
IRS990/TotalRevenueGrp/ExclusionAmt091705
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020081
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0195368
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02618957
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02708324
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/SignatureDt02017-11-03
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/FilingSecurityInformation/AtSubmissionCreationDeviceId05B870927B33AC239DB4B0E5F9C3C21FBDEC3909A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId078B85F58E49845A117FFD72324C16CEBFF570FB2
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/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RODGER L ADAMS
ReturnHeader/ReturnTs02017-11-14T08:39:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,708,324
Liabilities
$104,129
Net assets
$2,604,195
Revenue
$195,368
Expenses
$111,550
Net income
$83,818
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