Civic Intelligence

Southwest Virginia Education and Training Network Inc

990 • Fiscal year 2015 • EIN 54-1680186

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 05, 2016

PO Box 1987Abingdon, VA 24212

(276) 619-4320

Siviq Scores

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

Liabilities / Assets

90th percentile

0.56x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

0.74x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

27th percentile

-6.6%

Higher net margin than 27% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

37th percentile

-3.8%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

2.6%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$382,674

Down $15,224 (-3.8%) from 2014

Net Assets

Down

$168,920

Down $20,368 (-11%) from 2014

Liabilities

Up

$213,754

Up $5,144 (+2.5%) from 2014

Revenue

Up

$288,058

Up $7,436 (+2.6%) from 2014

Expenses

Down

$307,007

Down $6,327 (-2.0%) from 2014

Net Income

Up

-$18,949

Up $13,763 (+42%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,463,367Liabilities 2011: $364,025Net Assets 2011: $1,099,3422011Assets 2012: $1,118,118Liabilities 2012: $383,266Net Assets 2012: $734,8522012Assets 2013: $429,550Liabilities 2013: $207,550Net Assets 2013: $222,0002013Assets 2014: $397,898Liabilities 2014: $208,610Net Assets 2014: $189,2882014Assets 2015: $382,674Liabilities 2015: $213,754Net Assets 2015: $168,9202015Assets 2016: $371,674Liabilities 2016: $195,112Net Assets 2016: $176,5622016Assets 2017: $350,664Liabilities 2017: $178,129Net Assets 2017: $172,5352017Assets 2018: $277,216Liabilities 2018: $74,850Net Assets 2018: $202,3662018Assets 2019: $325,626Liabilities 2019: $76,431Net Assets 2019: $249,1952019Assets 2020: $342,837Liabilities 2020: $72,614Net Assets 2020: $270,2232020Assets 2021: $371,542Liabilities 2021: $69,456Net Assets 2021: $302,0862021Assets 2022: $360,622Liabilities 2022: $72,500Net Assets 2022: $288,1222022Assets 2023: $213,418Liabilities 2023: $19,302Net Assets 2023: $194,1162023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2015

Assets$382,674
Liabilities$213,754
Net Assets$168,920

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $398,329Expenses 2011: $802,609Net Income 2011: -$404,2802011Expenses 2012: $485,7132012Revenue 2013: -$210,975Expenses 2013: $301,877Net Income 2013: -$512,8522013Revenue 2014: $280,622Expenses 2014: $313,334Net Income 2014: -$32,7122014Revenue 2015: $288,058Expenses 2015: $307,007Net Income 2015: -$18,9492015Revenue 2016: $389,291Expenses 2016: $382,715Net Income 2016: $6,5762016Revenue 2017: $393,476Expenses 2017: $404,693Net Income 2017: -$11,2172017Revenue 2018: $461,708Expenses 2018: $430,239Net Income 2018: $31,4692018Revenue 2019: $477,249Expenses 2019: $433,030Net Income 2019: $44,2192019Revenue 2020: $420,734Expenses 2020: $399,785Net Income 2020: $20,9492020Revenue 2021: $363,786Expenses 2021: $339,931Net Income 2021: $23,8552021Revenue 2022: $386,223Expenses 2022: $367,862Net Income 2022: $18,3612022Revenue 2023: $109,568Expenses 2023: $213,565Net Income 2023: -$103,9972023Revenue 2024: $112,201Expenses 2024: $316,623Net Income 2024: -$204,4222024

Highlighted filing

2015

Revenue$288,058
Expenses$307,007
Net Income-$18,949
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 5, 2016
Return Version
2014v6.0
Gross Receipts
$288,058
Mission and Program Overview

Mission

Svetn was established in response to a need to increase school curriculum offerings in small rural schools throughout southwest virginia. This is accomplished by offering online interactive classrooms.

Provide remote interactive classrooms

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$105,259$104,800▼ $459
Savings and Temporary Cash Investments$191,973$97,000▼ $94,973
Investments in Publicly Traded Securities-$93,712-
Cash and Non-Interest-Bearing Accounts$98,326$84,955▼ $13,371
Prepaid Expenses and Deferred Charges$1,487$1,579▲ $92
Other Notes and Loans Receivable, Net$652$427▼ $225
Land, Buildings, and Equipment, Net$201$201→ $0
Total Assets$397,898$382,674▼ $15,224
Liabilities
Deferred Revenue$105,400$104,800▼ $600
Other Liabilities$64,060$67,018▲ $2,958
Accounts Payable and Accrued Expenses$39,150$41,936▲ $2,786
Total Liabilities$208,610$213,754▲ $5,144
Net Assets / Fund Balance
Unrestricted Net Assets$189,288$168,920▼ $20,368
Total Net Assets Fund Balance$189,288$168,920▼ $20,368
Total Liabilities and Net Assets / Fund Balance$397,898$382,674▼ $15,224

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$201$2,729$2,930
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$38,043
Program Service Revenue
$248,891
Investment Income
$1,124
Other Revenue
$0
All Other Contributions
$38,043
Change in Net Assets
$-18,949

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$38,043
Total Noncash Contributions1$38,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$288,058
Revenue Not Reported on Form 990
$-1,419
Total Revenue per Audited Statements
$286,639
Total Revenue per Form 990
$288,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$193,112
Other Expenses$113,895
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,299$85,559-$145,858
Other Employee Benefits$20,266$26,988-$47,254
Office Expenses-$5,417-$5,417
Travel$3,428$857-$4,285
Other Expenses$1,667$1,176-$2,843
All Other Expenses$621$2,207-$2,828
Total Functional Expenses$181,386$125,621$0$307,007

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$307,007
Total Expenses per Audited Statements$307,007
Total Expenses per Form 990$307,007
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amounts Held for Others$55,543
Accrued Leave$11,475
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Svetn makes its governing documents and financial statements available to the public by request.

Filing and Contact Details

Filer

Filer Name
Southwest Virginia Education and
EIN
54-1680186
Phone
2766194320
Address
PO BOX 1987, ABINGDON, VA 24212

Signing Officer

Name
Denise Tate
Title
Director
Phone
2766194320
Signed
2016-02-05
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Va
Voting Board Members
24
Independent Board Members
24
Employees
0

Preparer

Firm
Hicok Fern & Company
Address
PO BOX 821, ABINGDON, VA 24212-0821
Preparer
David B Brown CPA
Phone
2766281123
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IRS990/OtherExpensesGrp/Desc0INSTRUCTORS
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IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3TRAINING
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12315
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21176
IRS990/OtherExpensesGrp/ProgramServicesAmt080158
IRS990/OtherExpensesGrp/ProgramServicesAmt19546
IRS990/OtherExpensesGrp/ProgramServicesAmt25401
IRS990/OtherExpensesGrp/ProgramServicesAmt31667
IRS990/OtherExpensesGrp/TotalAmt080158
IRS990/OtherExpensesGrp/TotalAmt110648
IRS990/OtherExpensesGrp/TotalAmt27716
IRS990/OtherExpensesGrp/TotalAmt32843
IRS990/OtherLiabilitiesGrp/BOYAmt064060
IRS990/OtherLiabilitiesGrp/EOYAmt067018
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt085559
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0145858
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0652
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0427
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01487
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01579
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0248891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0248891
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt048326
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0910
IRS990/PYOtherExpensesAmt0118876
IRS990/PYOtherRevenueAmt04210
IRS990/PYProgramServiceRevenueAmt0227176
IRS990/PYRevenuesLessExpensesAmt0-32712
IRS990/PYSalariesCompEmpBnftPaidAmt0194458
IRS990/PYTotalExpensesAmt0313334
IRS990/PYTotalRevenueAmt0280622
IRS990/ReconcilationRevenueExpnssAmt0-18949
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0248891
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0191973
IRS990/SavingsAndTempCashInvstGrp/EOYAmt097000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt07,839
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0227176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0176346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0250763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0335857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01277076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01124
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0910
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01942
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03239
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010284
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0250015
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04210
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01370
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02259
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07839
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98600
IRS990ScheduleA/PublicSupportTotal170Amt01277076
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0286934
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0227176
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0250763
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0335857
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0307007
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1419
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0201
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02729
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02930
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055543
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AMOUNTS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LEAVE
IRS990ScheduleD/RevenueNotReportedAmt0-1419
IRS990ScheduleD/RevenueSubtotalAmt0288058
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0201
IRS990ScheduleD/TotalExpensesPerForm990Amt0307007
IRS990ScheduleD/TotalLiabilityAmt067018
IRS990ScheduleD/TotalRevenuePerForm990Amt0288058
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0286639
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0307007
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0USE OF OFFICE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt038043
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SVETN MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0397898
IRS990/TotalAssetsEOYAmt0382674
IRS990/TotalAssetsGrp/BOYAmt0397898
IRS990/TotalAssetsGrp/EOYAmt0382674
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt038043
IRS990/TotalEmployeeCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.11$0.32$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.21$0.02$0.19$0.11$0.21$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.07$0.29$0.39$0.37$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.37$0.07$0.30$0.36$0.34$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.07$0.27$0.42$0.40$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.08$0.25$0.48$0.43$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.28$0.07$0.20$0.46$0.43$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.35$0.18$0.17$0.39$0.40$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.37$0.20$0.18$0.39$0.38$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.21$0.17$0.29$0.31$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.21$0.19$0.28$0.31$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.21$0.22$0.21$0.30$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.38$0.73$0.49
2011Summary only. Only limited summary data is available for this year.$1.46$0.36$1.10$0.40$0.80$0.40