Civic Intelligence

Arlington Community Foundation

990 • Fiscal year 2016 • EIN 54-1602838

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 13, 2017

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

0.27x

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

1.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

30th percentile

$123,432

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

37%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$14,298,398

Up $2,259,366 (+19%) from 2015

Net Assets

Up

$10,500,637

Up $1,852,831 (+21%) from 2015

Liabilities

Up

$3,797,761

Up $406,535 (+12%) from 2015

Revenue

Up

$3,504,597

Up $952,100 (+37%) from 2015

Expenses

Down

$1,582,943

Down $480,803 (-23%) from 2015

Net Income

Up

$1,921,654

Up $1,432,903 (+293%) from 2015

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

2016

Assets$14,298,398
Liabilities$3,797,761
Net Assets$10,500,637

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

2016

Revenue$3,504,597
Expenses$1,582,943
Net Income$1,921,654
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 13, 2017
Return Version
2015v3.0
Gross Receipts
$4,472,415
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 to help meet community needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,240,481$13,332,335▲ $2,091,854
Savings and Temporary Cash Investments$639,709$733,977▲ $94,268
Cash and Non-Interest-Bearing Accounts$140,550$162,304▲ $21,754
Pledges and Grants Receivable$10,071$54,576▲ $44,505
Prepaid Expenses and Deferred Charges$6,937$14,734▲ $7,797
Land, Buildings, and Equipment, Net$1,284$417▼ $867
Total Assets$12,039,032$14,298,398▲ $2,259,366
Other Assets Total$0$55▲ $55
Liabilities
Escrow Account Liability$3,345,375$3,721,202▲ $375,827
Accounts Payable and Accrued Expenses$39,351$62,059▲ $22,708
Grants Payable$6,500$14,500▲ $8,000
Total Liabilities$3,391,226$3,797,761▲ $406,535
Net Assets / Fund Balance
Unrestricted Net Assets$7,172,381$8,950,782▲ $1,778,401
Temporarily Rstr Net Assets$1,475,425$1,449,855▼ $25,570
Permanently Rstr Net Assets-$100,000-
Total Net Assets Fund Balance$8,647,806$10,500,637▲ $1,852,831
Total Liabilities and Net Assets / Fund Balance$12,039,032$14,298,398▲ $2,259,366

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$417$43,666$44,083

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,481,587$115,000▲ $64,111-$1,570,023
2015$1,525,587$246▲ $62,288-$1,481,587
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wanda L PierceExecutive DirectorFT$116,592$6,840$123,432
Revenue and Support

Revenue Composition

Contributions and Grants
$3,026,124
Program Service Revenue
$28,240
Investment Income
$491,905
Other Revenue
$-41,672
All Other Contributions
$2,742,688
Change in Net Assets
$1,921,654

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 Traded12$217,105Fair Market Value (FMV) on Date of Donation
Total Noncash Contributions12$217,105-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,504,597
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$72,654
Total Revenue per Audited Statements
$3,577,251
Total Revenue per Form 990
$3,504,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,039,127
Salaries, Compensation, and Employee Benefits$342,463
Other Expenses$201,353
Total Fundraising Expense$155,686
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$620,586--$620,586
Grants to Domestic Individuals$418,541--$418,541
Other Salaries and Wages$171,681$58,914$76,079$306,674
Office Expenses$3,170$41,282$2,403$46,855
Occupancy-$41,515-$41,515
Fees for Services Accounting-$40,631-$40,631
Fees for Service Investment Mgmnt Fees-$31,833-$31,833
Conferences and Meetings$20,395$2,674$1,090$24,159
Payroll Taxes$13,273$4,555$5,882$23,710
Other Employee Benefits$6,762$2,320$2,997$12,079
Fees for Services Other$2,509$4,388$3,848$10,745
Insurance-$1,653$330$1,983
Travel$83$978$20$1,081
Depreciation Depletion-$867-$867
Information Technology-$808-$808
Advertising$85$475-$560
Other Expenses$142,250$-205,287$63,037$0
Total Functional Expenses$1,399,335$27,922$155,686$1,582,943

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,724,420
Expenses per Audited Statements$1,582,943
Total Expenses per Form 990$1,582,943
Expenses Not Reported on Form 990$141,477
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Hospital Center FoundationArlington, VA501(c)(3)Patient Care/general Operating Support (6 Grants)$157,000
Doorways for Women & FamiliesArlington, VA501(c)(3)Programmatic Support (2 Grants)$52,500
Arlington County TreasurerArlington, VANot ApplicableAffordable Housing Subsidies (2 Grants)$48,340
Northern Virginia Family ServicesOakton, VA501(c)(3)Pathways for Youth Programpathways for Youth Program$40,000
Marymount UniversityArlington, VA501(c)(3)Scholarship Programs/general Operating Support (5 Grants)$39,299
Arlington Food Assistance CenterArlington, VA501(c)(3)Programmatic Support/general Operating Support (3 Grants)$31,500
Arlington Economic Development - Cultural AffairsArlington, VA501(c)(3)Purchase of an Arts Truck$29,532
Arlingtonians Meeting Emergency Needs Dba Arlington ThriveArlington, VA501(c)(3)Programmatic Support/general Operating Support (3 Grants)$17,500
ARLINGTON STREET PEOPLE'S ASSISTANCE NETWORKArlington, VA501(c)(3)Programmatic Support/general Operating Support (5 Grants)$17,000
Leadville InstituteColorado Springs, CO501(c)(3)Arlington Stem Fellows Program$16,000
Offender Aid and Restoration of Arlington (oar)Arlington, VA501(c)(3)Programmatic Support/general Operating Support (3 Grants)$11,000
Hollins UniversityRoanoke, VA501(c)(3)Annual Fundannual Fund$10,000
La Cocina Va Aka Residential Youth Services IncArlington, VA501(c)(3)Programmatic Support$10,000
Union for Reform JudaismBala Cynwyd, PA501(c)(3)General Operating Support$9,653
Jane Franklin DanceArlington, VA501(c)(3)Programs for Older Adults$8,500
Leadership ArlingtonArlington, VA501(c)(3)Programmatic Support/general Operating Support (5 Grants)$8,100
Shirlington Employment and Education CenterArlington, VA501(c)(3)Programmatic Support (2 Grants)$8,000
Legal Services of Northern VirginiaFairfax, VA501(c)(3)Programmatic Support (2 Grants)programmatic Support (2 Grants)$7,000
Borromeo Housing IncArlington, VA501(c)(3)Programmatic Support (2 Grants)$6,500
Bridges to IndependenceArlington, VA501(c)(3)Programmatic Support$5,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$118,857
Fundraising Gross Income$76,935
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$248,790$61,470$27,830$33,640
Annual Golf Classic$77,048$10,733$1,068$9,665
Total Events$357,870$76,935$118,857$-41,922
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

Matthew shank, trustee and john shooshan, president 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 06/30/16

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
2017-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wanda L Pierce
Formed
1991
Legal Domicile
Va
Voting Board Members
26
Independent Board Members
26
Employees
5
Volunteers
200

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) 118,857.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expenses (net against revenue) 118,857.

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $10M-$25M nonprofits