Civic Intelligence

Arlington Community Foundation

990 • Fiscal year 2014 • EIN 54-1602838

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 14, 2015

818 N Quincy Street No 103Arlington, VA 22203

(703) 243-4785

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.27x

Higher debt load relative to assets than 52% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

1.51x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

63rd percentile

7.5%

Higher net margin than 63% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

28th percentile

$113,441

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

17th percentile

-10%

Faster revenue growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$11,462,230

Up $1,427,360 (+14%) from 2013

Net Assets

Up

$8,364,596

Up $963,599 (+13%) from 2013

Liabilities

Up

$3,097,634

Up $463,761 (+18%) from 2013

Revenue

$2,050,621

No earlier filing loaded for comparison.

Expenses

Up

$1,897,473

Up $134,013 (+7.6%) from 2013

Net Income

$153,148

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2013: $10,034,870Liabilities 2013: $2,633,873Net Assets 2013: $7,400,9972013Assets 2014: $11,462,230Liabilities 2014: $3,097,634Net Assets 2014: $8,364,5962014Assets 2015: $12,039,032Liabilities 2015: $3,391,226Net Assets 2015: $8,647,8062015Assets 2016: $14,298,398Liabilities 2016: $3,797,761Net Assets 2016: $10,500,6372016Assets 2019: $27,943,507Liabilities 2019: $5,363,211Net Assets 2019: $22,580,2962019Assets 2020: $21,536,650Liabilities 2020: $6,318,275Net Assets 2020: $15,218,3752020Assets 2021: $25,473,492Liabilities 2021: $6,543,635Net Assets 2021: $18,929,8572021Assets 2022: $28,029,567Liabilities 2022: $5,024,042Net Assets 2022: $23,005,5252022Assets 2024: $35,102,656Liabilities 2024: $6,479,045Net Assets 2024: $28,623,6112024

Highlighted filing

2014

Assets$11,462,230
Liabilities$3,097,634
Net Assets$8,364,596

Operations Trend

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

$20M$10M$0-$10MExpenses 2013: $1,763,4602013Revenue 2014: $2,050,621Expenses 2014: $1,897,473Net Income 2014: $153,1482014Revenue 2015: $2,552,497Expenses 2015: $2,063,746Net Income 2015: $488,7512015Revenue 2016: $3,504,597Expenses 2016: $1,582,943Net Income 2016: $1,921,6542016Revenue 2019: $12,744,929Expenses 2019: $2,789,461Net Income 2019: $9,955,4682019Revenue 2020: $6,223,368Expenses 2020: $13,103,413Net Income 2020: -$6,880,0452020Revenue 2021: $4,309,490Expenses 2021: $3,543,210Net Income 2021: $766,2802021Revenue 2022: $17,611,148Expenses 2022: $4,957,339Net Income 2022: $12,653,8092022Revenue 2024: $7,573,791Expenses 2024: $6,130,237Net Income 2024: $1,443,5542024

Highlighted filing

2014

Revenue$2,050,621
Expenses$1,897,473
Net Income$153,148
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 14, 2015
Return Version
2013v4.0
Gross Receipts
$4,086,870
Mission and Program Overview

Mission

To maintain and enhance the educational, cultural, and civic resources of arlington county through support of qualified nonprofit organizations.

To provide philanthropic leadership and raise capital for grants and scholarship to address community needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,336,858$10,596,489▲ $1,259,631
Savings and Temporary Cash Investments$682,072$780,099▲ $98,027
Cash and Non-Interest-Bearing Accounts$9$57,084▲ $57,075
Pledges and Grants Receivable$4,421$18,281▲ $13,860
Prepaid Expenses and Deferred Charges$4,656$7,951▲ $3,295
Land, Buildings, and Equipment, Net$2,441$2,326▼ $115
Total Assets$10,034,870$11,462,230▲ $1,427,360
Other Assets Total$4,413$0▼ $4,413
Liabilities
Escrow Account Liability$2,587,211$3,047,482▲ $460,271
Accounts Payable and Accrued Expenses$24,052$31,536▲ $7,484
Grants Payable$22,610$18,616▼ $3,994
Total Liabilities$2,633,873$3,097,634▲ $463,761
Net Assets / Fund Balance
Unrestricted Net Assets$6,032,824$6,849,302▲ $816,478
Temporarily Rstr Net Assets$1,368,173$1,515,294▲ $147,121
Total Net Assets Fund Balance$7,400,997$8,364,596▲ $963,599
Total Liabilities and Net Assets / Fund Balance$10,034,870$11,462,230▲ $1,427,360

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,326$41,757$44,083

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,523,745$12,075▲ $281,970-$1,525,587
2013$2,727,774$2,530▲ $409,300$1,385,308$1,523,745
2012$2,922,813$3,150▲ $84,557-$2,727,774
2011$2,501,803$25▲ $613,955-$2,922,813
2010$2,456,853$35,050▲ $378,776-$2,501,803
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wanda L PierceExecutive DirectorFT$106,385$7,056$113,441
Revenue and Support

Revenue Composition

Contributions and Grants
$1,752,533
Program Service Revenue
$27,987
Investment Income
$298,441
Other Revenue
$-28,340
All Other Contributions
$1,491,876
Change in Net Assets
$153,148

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded10$163,272Fair Market Value (FMV) on Date of Donation
Total Noncash Contributions10$163,272-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,050,621
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$905,127
Total Revenue per Audited Statements
$2,955,748
Total Revenue per Form 990
$2,050,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,411,311
Salaries, Compensation, and Employee Benefits$271,912
Other Expenses$214,250
Total Fundraising Expense$105,413
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,063,081--$1,063,081
Grants to Domestic Individuals$348,230--$348,230
Other Salaries and Wages$169,116$28,490$40,134$237,740
Office Expenses$7,892$37,768$12,574$58,234
Fees for Services Accounting-$39,924-$39,924
Occupancy-$38,437-$38,437
Fees for Service Investment Mgmnt Fees-$27,813-$27,813
Payroll Taxes$12,874$2,169$3,055$18,098
Other Employee Benefits$11,434$1,926$2,714$16,074
Fees for Services Other$2,436$275$9,494$12,205
Conferences and Meetings$4,501$1,584$2,423$8,508
Insurance-$2,126-$2,126
Travel$118$1,665$31$1,814
Depreciation Depletion-$1,365-$1,365
Information Technology-$323-$323
Advertising-$80-$80
Other Expenses$132,178$-163,546$31,368$0
Total Functional Expenses$1,769,360$22,700$105,413$1,897,473

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,992,149
Expenses per Audited Statements$1,897,473
Total Expenses per Form 990$1,897,473
Expenses Not Reported on Form 990$94,676
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
20-4129901-501(c)(3)General Operating Support/medical Research (4 Grants)$190,263
51-0207684-501(c)(3)General Operating Support/daily Fund (3 Grants)$115,000
54-1473207-501(c)(3)General Operating Support (4 Grants)general Operating Support (4 Grants)general Operating Support (4 Grants)$106,036
54-0573801-501(c)(3)General Operating Support/programmatic Support/scholarships (4 Grants)$99,061
54-1615993-501(c)(3)General Operating Support/various Programs (6 Grants)$79,000
46-2794595-501(c)(3)General Operating Support (2 Grants)$77,918
52-1344727-501(c)(3)General Operating Support$50,000
23-7284150-501(c)(3)General Operating Support (3 Grants)$22,559
23-7343119-501(c)(3)Various Programmatic Support (2 Grants)$18,000
52-0610547-501(c)(3)Rapid Rehousing Program (2 Grants)$15,000
54-1907862-501(c)(3)General Operating Support/programmatic Support (2 Grants)$13,500
62-1376898-501(c)(3)General Operating Support/transitional Housing (2 Grants)$12,500
54-1087829-501(c)(3)General Operating Support/various Programs (5 Grants)$12,000
54-1818423-501(c)(3)General Operating Support/various Programs (3 Grants)$12,000
54-1004092-501(c)(3)General Operating Support/various Programs (3 Grants)$11,500
54-6001123-Not ApplicableSuccessful Aging Initiative$10,000
54-0830790-501(c)(3)General Operating Support$10,000
65-1210653-501(c)(3)WOMEN'S MONUMENT$10,000
27-1207254-501(c)(3)Affordable Housing Campaign$10,000
54-1914671-501(c)(3)Various Programmatic Support (2 Grants)$9,500
46-2037695-501(c)(3)Culinary Training Program (2 Grants)$9,500
54-0515706-501(c)(3)General Operating Support/migration and Refugee Services (2 Grants)$9,000
74-2179431-501(c)(3)Programmatic Support$8,500
54-1820633-501(c)(3)General Operating Support/it Equipment (2 Grants)$8,500
54-1671883-501(c)(3)General Operating Support (3 Grants)$7,700
20-8842260-501(c)(3)General Operating Support (2 Grants)$7,000
54-1628863-501(c)(3)Various Programmatic Support (3 Grants)$6,680
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$94,676
Fundraising Gross Income$66,336
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$242,717$51,674$22,931$28,743
Event 2$54,837$10,187$170$10,017
Total Events$324,174$66,336$94,676$-28,340
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Randy AndersonAssistant TreasurerTHE ASSISTANT TREASURER IS AN OFFICER OF THE BANK THAT HOLDS SOME OF THE FOUNDATION'S ACCOUNTS.No-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Susan duke, trustee and john shooshan, trustee have a business relationship. Matthew shank, trustee and john shooshan, trustee have a business relationship.

Form 990, Part VI, Section B, Line 11

The form 990 is provided to the members of the audit committee for initial review and then to the entire board for final review and approval before filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy covers all members of the board of trustees; its committees and all officers, and is monitored by annual written information form distributed by staff which are reviewed and maintained by staff. The entire board reviews each transaction to come before the board for potential or actual conflicts of interest. If potential or actual conflicts past, present or future are identified then the person determined to have a conflict is recused from deliberations or voting or both as appropriate. The identified conflicts of interest and appropriate recusals are documented in the minutes of each board or committee meeting.

Form 990, Part VI, Section B, Line 15

The process for determining compensation of the executive director includes a review and approval by the search committee, personnel committee and/or the board. Comparability data used in the review process is obtained from national and local survey information gathered from the chronicle of philanthropy and the council on foundations. The deliberations and decisions are documented in the minutes of the applicable committee and/or board meeting. The compensation determination process applies to the following offices/positions and the most recent year for which this process was undertaken for each is identified (list for each): executive director 06/30/14

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public on the organization's website and upon request.

Filing and Contact Details

Filer

EIN
54-1602838
Phone
7032434785

Signing Officer

Name
Wanda L Pierce
Title
Executive Director
Phone
7032434785
Signed
2015-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wanda L Pierce
Formed
1991
Legal Domicile
Va
Voting Board Members
25
Independent Board Members
25
Employees
5
Volunteers
200

Preparer

Preparer
Richard D Castro CPA
Phone
7033858888
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

There was no change in the process this year.

Financial Statement Notes

PART IV, LINE 2B:

The foundation offers agency funds as an investment option for nonprofit organizations. The foundation holds and manages financial assets in investment funds on behalf of these organizations to help provide a way to build an endowment or a reserve for them.

PART X, LINE 2:

The foundation has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements, and no interest and penalties have been recorded in the accompanying financial statements related to uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses (net against revenue) 94,676.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses (net against revenue) 94,676.

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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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Peer Organizations

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