Civic Intelligence

Arlington Community Foundation

990 • Fiscal year 2015 • EIN 54-1602838

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 12, 2016

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

54th percentile

0.28x

Higher debt load relative to assets than 54% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.33x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$123,395

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

65th percentile

5.0%

Faster asset growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

24%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$12,039,032

Up $576,802 (+5.0%) from 2014

Net Assets

Up

$8,647,806

Up $283,210 (+3.4%) from 2014

Liabilities

Up

$3,391,226

Up $293,592 (+9.5%) from 2014

Revenue

Up

$2,552,497

Up $501,876 (+24%) from 2014

Expenses

Up

$2,063,746

Up $166,273 (+8.8%) from 2014

Net Income

Up

$488,751

Up $335,603 (+219%) from 2014

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

2015

Assets$12,039,032
Liabilities$3,391,226
Net Assets$8,647,806

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

2015

Revenue$2,552,497
Expenses$2,063,746
Net Income$488,751
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 12, 2016
Return Version
2014v6.0
Gross Receipts
$4,490,151
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$10,596,489$11,240,481▲ $643,992
Savings and Temporary Cash Investments$780,099$639,709▼ $140,390
Cash and Non-Interest-Bearing Accounts$57,084$140,550▲ $83,466
Pledges and Grants Receivable$18,281$10,071▼ $8,210
Prepaid Expenses and Deferred Charges$7,951$6,937▼ $1,014
Land, Buildings, and Equipment, Net$2,326$1,284▼ $1,042
Total Assets$11,462,230$12,039,032▲ $576,802
Liabilities
Escrow Account Liability$3,047,482$3,345,375▲ $297,893
Accounts Payable and Accrued Expenses$31,536$39,351▲ $7,815
Grants Payable$18,616$6,500▼ $12,116
Total Liabilities$3,097,634$3,391,226▲ $293,592
Net Assets / Fund Balance
Unrestricted Net Assets$6,849,302$7,172,381▲ $323,079
Temporarily Rstr Net Assets$1,515,294$1,475,425▼ $39,869
Total Net Assets Fund Balance$8,364,596$8,647,806▲ $283,210
Total Liabilities and Net Assets / Fund Balance$11,462,230$12,039,032▲ $576,802

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,284$42,799$44,083

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,525,587$246▲ $62,288-$1,481,587
2013$1,523,745$12,075▲ $281,970-$1,525,587
2012$2,727,774$2,530▲ $409,300$1,385,308$1,523,745
2011$2,922,813$3,150▲ $84,557-$2,727,774
2010$2,501,803$25▲ $613,955-$2,922,813
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wanda L PierceExecutive DirectorFT$116,339$7,056$123,395
Revenue and Support

Revenue Composition

Contributions and Grants
$2,072,959
Program Service Revenue
$26,006
Investment Income
$499,778
Other Revenue
$-46,246
All Other Contributions
$1,781,355
Change in Net Assets
$488,751

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 Traded9$213,787Fair Market Value (FMV) on Date of Donation
Total Noncash Contributions9$213,787-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,552,497
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-66,731
Total Revenue per Audited Statements
$2,485,766
Total Revenue per Form 990
$2,552,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,561,025
Salaries, Compensation, and Employee Benefits$306,515
Other Expenses$196,206
Total Fundraising Expense$134,372
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,198,525--$1,198,525
Grants to Domestic Individuals$362,500--$362,500
Other Salaries and Wages$172,930$31,279$67,833$272,042
Office Expenses$6,521$36,421$1,185$44,127
Fees for Services Accounting-$40,157-$40,157
Occupancy-$39,532-$39,532
Fees for Service Investment Mgmnt Fees-$31,135-$31,135
Conferences and Meetings$25,366$543$1,269$27,178
Payroll Taxes$12,874$2,329$5,050$20,253
Other Employee Benefits$9,039$1,635$3,546$14,220
Fees for Services Other$2,820-$2,700$5,520
Advertising-$1,678$577$2,255
Insurance-$1,275$328$1,603
Information Technology-$1,402-$1,402
Travel$158$1,231$7$1,396
Depreciation Depletion-$1,042-$1,042
Other Expenses$132,256$-184,133$51,877$0
Total Functional Expenses$1,922,989$6,385$134,372$2,063,746

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,202,556
Expenses per Audited Statements$2,063,746
Total Expenses per Form 990$2,063,746
Expenses Not Reported on Form 990$138,810
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Marymount UniversityArlington, VA501(c)(3)Nonprofit Resource Center/renovations/program Support (4 Grants)$498,700
Virginia Hospital Center FoundationArlington, VA501(c)(3)Patient Care/general Operating Support (4 Grants)$153,000
Doorways for Women & FamiliesArlington, VA501(c)(3)General Operating Support/programmatic Support (8 Grants)$78,500
Friends of the Arlington LibraryArlington, VA501(c)(3)Library Programs$62,322
Arlington County TreasurerArlington, VANot ApplicableAffordable Housing Subsidies (2 Grants)$56,125
Arlington Metropolitan ChorusArlington, VA501(c)(3)General Operating Support$40,000
Volunteers of America - ChesapeakeLanham, MD501(c)(3)General Operating Support/programmatic Support (4 Grants)$34,000
ARLINGTON STREET PEOPLE'S ASSISTANCE NETWORKArlington, VA501(c)(3)General Operating Support/programmatic Support (9 Grants)$28,500
Uplifting AthletesHarrisburg, PA501(c)(3)General Operating Support$25,000
Arlington Partnership for Affordable HousingArlington, VA501(c)(3)General Operating Support (6 Grants)$17,300
Leadville InstituteColorado Springs, CO501(c)(3)Arlington Stem Fellows Program$16,000
Arlingtonians Meeting Emergency Needs Dba Arlington ThriveArlington, VA501(c)(3)Daily Fund (2 Grants)$13,000
Bowen Mccauley DanceArlington, VA501(c)(3)Programmatic Support/general Operating Support (2 Grants)$11,000
Bridges to IndependenceArlington, VA501(c)(3)Programmatic Support$10,000
Arlington Free ClinicArlington, VA501(c)(3)General Operating Support (5 Grants)$9,600
Jane Franklin DanceArlington, VA501(c)(3)Programmatic Support$8,500
JILL'S HOUSEMclean, VA501(c)(3)Programmatic Support$8,000
University of RichmondRichmond, VA501(c)(3)Athletic Program/scholarship Program (2 Grants)$8,000
Arlington Food Assistance CenterArlington, VA501(c)(3)General Operating Support (2 Grants)$7,176
Leadership ArlingtonArlington, VA501(c)(3)Programmatic Support/general Operating Support (5 Grants)$7,011
Just NeighborsFalls Church, VA501(c)(3)General Operating Support (2 Grants)$6,500
Greenbrier Learning CenterArlington, VA501(c)(3)Programmatic Support/general Operating Support (2 Grants)$6,000
The Reading ConnectionArlington, VA501(c)(3)Programmatic Support/general Operating Support (2 Grants)$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$119,915
Fundraising Gross Income$73,069
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$257,424$60,679$15,603$45,076
Annual Golf Classic$70,890$7,455$429$7,026
Total Events$359,869$73,069$119,915$-46,846
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
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 06/30/15

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

Filer Name
Arlington Community Foundation
EIN
54-1602838
Phone
7032434785
Address
818 N QUINCY STREET NO 103, ARLINGTON, VA 22203

Signing Officer

Name
Wanda L Pierce
Title
Executive Director
Phone
7032434785
Signed
2016-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wanda L Pierce
Formed
1991
Legal Domicile
Va
Voting Board Members
27
Independent Board Members
27
Employees
5
Volunteers
150

Preparer

Firm
Thompson Greenspon
Address
4035 RIDGE TOP RD SUITE 700, FAIRFAX, VA 22030
Preparer
Richard D Castro CPA
Phone
7033858888
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, 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) 119,915.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses (net against revenue) 119,915.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
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