Civic Intelligence

International Communications Industries Foundation Inc

990 • Fiscal year 2019 • EIN 54-1796648

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 03, 2020

11242 Waples Mill Road Suite 200Fairfax, VA 22030

(703) 273-7200

Siviq Scores

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

Liabilities / Assets

44th percentile

0.05x

Higher debt load relative to assets than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.65x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

2nd percentile

-154%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$373,504

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 314.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

39th percentile

-0.1%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

84%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,507,172

Down $1,688 (-0.1%) from 2018

Net Assets

Up

$1,430,351

Up $4,749 (+0.3%) from 2018

Liabilities

Down

$76,821

Down $6,437 (-7.7%) from 2018

Revenue

Up

$118,679

Up $54,325 (+84%) from 2018

Expenses

Up

$301,687

Up $206,311 (+216%) from 2018

Net Income

Down

-$183,008

Down $151,986 (-490%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,398,105Liabilities 2010: $76,229Net Assets 2010: $1,321,8762010Assets 2011: $1,369,445Liabilities 2011: $94,631Net Assets 2011: $1,274,8142011Assets 2012: $1,542,033Liabilities 2012: $122,149Net Assets 2012: $1,419,8842012Assets 2013: $1,753,665Liabilities 2013: $130,995Net Assets 2013: $1,622,6702013Assets 2014: $1,799,617Liabilities 2014: $195,191Net Assets 2014: $1,604,4262014Assets 2015: $1,505,170Liabilities 2015: $31,792Net Assets 2015: $1,473,3782015Assets 2016: $1,478,134Liabilities 2016: $11,150Net Assets 2016: $1,466,9842016Assets 2017: $1,633,802Liabilities 2017: $4,322Net Assets 2017: $1,629,4802017Assets 2018: $1,508,860Liabilities 2018: $83,258Net Assets 2018: $1,425,6022018Assets 2019: $1,507,172Liabilities 2019: $76,821Net Assets 2019: $1,430,3512019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$1,507,172
Liabilities$76,821
Net Assets$1,430,351

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $54,162Expenses 2010: $58,933Net Income 2010: -$4,7712010Revenue 2011: $69,201Expenses 2011: $43,903Net Income 2011: $25,2982011Revenue 2012: $149,810Expenses 2012: $46,920Net Income 2012: $102,8902012Revenue 2013: $119,491Expenses 2013: $55,160Net Income 2013: $64,3312013Revenue 2014: $332,385Expenses 2014: $86,650Net Income 2014: $245,7352014Revenue 2015: $31,843Expenses 2015: $77,193Net Income 2015: -$45,3502015Revenue 2016: $18,725Expenses 2016: $137,613Net Income 2016: -$118,8882016Revenue 2017: $30,825Expenses 2017: $64,510Net Income 2017: -$33,6852017Revenue 2018: $64,354Expenses 2018: $95,376Net Income 2018: -$31,0222018Revenue 2019: $118,679Expenses 2019: $301,687Net Income 2019: -$183,0082019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2019

Revenue$118,679
Expenses$301,687
Net Income-$183,008
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 3, 2020
Return Version
2019v5.1
Gross Receipts
$309,932
Mission and Program Overview

Mission

The international communications industries foundation (icif) is chartered to support and improve the audiovisual communications industry through education and research. Primary activities include workforce development and scholarships.

Avixa foundation is chartered to support and improve the audiovisual industry through education & research. Primary activities include workforce development and scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,441,824$1,480,366▲ $38,542
Cash and Non-Interest-Bearing Accounts$38,716$26,658▼ $12,058
Total Assets$1,508,860$1,507,172▼ $1,688
Other Assets Total$28,320$148▼ $28,172
Liabilities
Other Liabilities$82,591$74,821▼ $7,770
Accounts Payable and Accrued Expenses$667$2,000▲ $1,333
Total Liabilities$83,258$76,821▼ $6,437
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,387,222$1,290,935▼ $96,287
Net Assets Without Donor Restrictions$38,380$139,416▲ $101,036
Total Net Assets Fund Balance$1,425,602$1,430,351▲ $4,749
Total Liabilities and Net Assets / Fund Balance$1,508,860$1,507,172▼ $1,688

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,150,964-▲ $226,815-$1,093,395
2018$1,320,955-▼ $96,948-$1,150,964
2017$1,186,900-▲ $186,754-$1,320,955
2016$1,202,644-▲ $101,628-$1,186,900
2015$1,325,636-▼ $66,199-$1,202,644
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Heidi VoorheesExecutive Director$13,245$4,219$17,464

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$25,000
Program Service Revenue
$0
Investment Income
$86,280
Other Revenue
$7,399
All Other Contributions
$25,000
Change in Net Assets
$-183,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$243,710
Grants and Similar Amounts Paid$33,075
Salaries, Compensation, and Employee Benefits$24,902
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$48,791--$48,791
Grants to Domestic Individuals$33,075--$33,075
Current Officers, Directors, Trustees, and Key Employees$17,463--$17,463
Other Expenses$5,747$1,601-$7,348
Fees for Service Investment Mgmnt Fees-$5,702-$5,702
Other Salaries and Wages$5,513--$5,513
Payroll Taxes$1,181--$1,181
Other Employee Benefits$745--$745
Office Expenses$17--$17
Total Functional Expenses$294,384$7,303$0$301,687
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
Due to Affiliate$74,821
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The foundation is a virginia non-stock and nonprofit corporation. The foundation's by-laws, which were modified in 2016, specify that the foundation has one voting member, which is the supported organization of avixa (the "voting member"). The voting member through its governing body is entitled to elect and remove members of the foundation's board of directors. Additionally, the voting member must approve of any termination of the membership of the voting member in the foundation as well as the dissolution of the foundation.

Form 990, Part VI, Section A, Line 7A

The foundation's by-laws specify that the foundation has one voting member, which is the supported organization, avixa (the "voting member"). The voting member through its governing body is entitled to elect and remove members of the foundation's board of directors. Additionally, the voting member must approve of any termination of the membership of the voting member in the foundation. Specifically, the foundation board of directors consists of up to seven (7) directors, all of which are to be appointed or elected by the voting member's board of directors.

Form 990, Part VI, Section A, Line 7B

The foundation's by-laws specify that the foundation has one voting member, which is the supported organization of avixa (the "voting member"). The voting member through its governing body is entitled to elect and remove members of the foundation's board of directors. Additionally, the voting member must approve of any termination of the membership of the voting member in the foundation as well as the dissolution of the foundation. Specifically, the foundation board of directors consists of up to seven (7) directors, all of which are to be appointed or elected by the voting member's board of directors.

Form 990, Part VI, Section B, Line 11B

In advance of a board meeting, the board of directors receives a draft of the form 990 for review. At the board meeting, the chief financial officer conducts a detailed review of the 990 and its contents and responds to any questions arising from the board's review of the 990.

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

Each director is annually required to complete the form.

Form 990, Part VI, Section B, Line 15A

The ceo of the supported organization designates one of the employees of the supported organization to serve as executive director. The employee's position at the supported organization is reviewed by an independent compensation consultant who conducts a salary study on a periodic basis. A portion of the employee's compensation is charged to the foundation to reflect the time spent as executive director of the foundation.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request (electronically or hard copy) and on the internet via guidestar.

Filing and Contact Details

Filer

Filer Name
International Communications
EIN
54-1796648
Phone
7032737200
Address
11242 WAPLES MILL ROAD SUITE 200, FAIRFAX, VA 22030
Doing Business As
Avixa Foundation

Signing Officer

Name
Gregory Feehan
Title
CFO
Phone
7032737200
Signed
2020-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Feehan
Formed
1995
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
12

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
DANIEL O'SHEA
Phone
3016529100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Equity earnings (loss) in subsidiary, net 6.

ORGANIZATION TRANSITION:

During the year ended december 31, 2019, a new organization was created titled avixa foundation, inc., and received a determination letter from the internal revenue service dated june 26, 2019, classifying the new organization as a 501(c)(3) public charity. The international communications industries foundation, inc. D/b/a avixa foundation ("icif") is a nonprofit corporation established to support workforce development. Icif was endowed by the association in 1999 and also raises funds to improve avixa, inc.'s educational programs for the benefit of the audiovisual industry. Effective january 1, 2020, the remaining assets and net assets of icif were transferred to avixa foundation, inc. On april 24, 2020, icif received its certificate of termination by the commonwealth of virginia state corporation commission. While the legal entity of the foundation has changed in 2020, the governance, nature of assets, and operations are consistent.

Financial Statement Notes

PART V, LINE 4:

Avixa foundation's endowment is restricted for investment in perpetuity, the income from which is expendable to support avixa foundation's workforce development program. Avixa, inc. Provided a grant on december 22, 1999 to fund this program. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.

PART X, LINE 2:

The foundation was reincorporated in 1995 and is exempt from federal income tax under section 501(c)(3) of the u.s. Internal revenue code. Tax years prior to 2016 are no longer subject to examination by the irs or the tax jurisdiction of the commonwealth of virginia. During the years ended december 31, 2019 and 2018, the foundation did not have net taxable income. There is no provision in these financial statements for income taxes or interest and penalties related to unrecognized tax benefits.

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IRS990/PayrollTaxesGrp/ProgramServicesAmt01181
IRS990/PayrollTaxesGrp/TotalAmt01181
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GREGORY FEEHAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt039851
IRS990/PYInvestmentIncomeAmt062854
IRS990/PYOtherExpensesAmt035371
IRS990/PYOtherRevenueAmt01500
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-31022
IRS990/PYSalariesCompEmpBnftPaidAmt020154
IRS990/PYTotalExpensesAmt095376
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt064354
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-183008
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION AND THE SUPPORTED ORGANIZATION (AVIXA, A 501(C)(6)) SHARE THE SAME ACCOUNTING DEPARTMENT. PRIOR TO FILING THE 990, THE FOUNDATION REVIEWED THE FINANCIAL STATEMENTS OF THE SUPPORTED ORGANIZATION AND ENSURED THAT THE SUPPORTED ORGANIZATION MET THE PUBLIC SUPPORT TESTS UNDER SECTION 509(A)(2).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION AND THE SUPPORTED ORGANIZATION (AVIXA) SHARE THE SAME ACCOUNTING DEPARTMENT, WHICH PREPARES FINANCIAL STATEMENTS FOR BOTH ENTITIES. IN 2019, THE FOUNDATION DID NOT PROVIDE SUPPORT TO THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE FOUNDATION AND SUPPORTED ORGANIZATION ARE UNDER COMMON MANAGEMENT WHICH CONTROL AND SUPERVISE THE FOUNDATION. THE MEMBERS OF THE BOARD OF DIRECTORS OF THE FOUNDATION ARE APPOINTED, ELECTED AND MAY BE REMOVED BY THE SUPPORTED ORGANIZATION. THE CEO OF THE SUPPORTED ORGANIZATION APPOINTS AN EMPLOYEE OF THE SUPPORTED ORGANIZATION TO SERVE AS THE FOUNDATION'S EXECUTIVE DIRECTOR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION C, LINE 1:
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0540621493
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0AVIXA INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
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/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0251309
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01150964
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01093395
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt033075
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0226815
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt034043
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01320955
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01150964
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt039000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-96948
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt028699
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01186900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01320955
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt024000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0186754
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt027388
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01202644
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01186900
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt089984
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0101628
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt044452
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01325636
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01202644
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt012341
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-66199
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074821
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.91460
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AVIXA FOUNDATION'S ENDOWMENT IS RESTRICTED FOR INVESTMENT IN PERPETUITY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT AVIXA FOUNDATION'S WORKFORCE DEVELOPMENT PROGRAM. AVIXA, INC. PROVIDED A GRANT ON DECEMBER 22, 1999 TO FUND THIS PROGRAM. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION WAS REINCORPORATED IN 1995 AND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. TAX YEARS PRIOR TO 2016 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS OR THE TAX JURISDICTION OF THE COMMONWEALTH OF VIRGINIA. DURING THE YEARS ENDED DECEMBER 31, 2019 AND 2018, THE FOUNDATION DID NOT HAVE NET TAXABLE INCOME. THERE IS NO PROVISION IN THESE FINANCIAL STATEMENTS FOR INCOME TAXES OR INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.08540
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt074821
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt123075
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt18
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH YEAR, THE AVIXA FOUNDATION OFFERS A SCHOLARSHIP PROGRAM FOR TWO LEVELS OF STUDENTS: 1) STUDENTS ENTERING JUNIOR OR SENIOR YEAR OF A BACHELOR'S OR A MASTER'S DEGREE IN SELECTED ENGINEERING PROGRAMS THAT SUPPORT THE AUDIOVISUAL INDUSTRY AND 2) GRADUATING HIGH SCHOOL SENIORS ENTERING SPECIFIC AUDIOVISUAL RELATED DEGREE PATHWAYS. SHORTLY AFTER JANUARY 1ST OF EVERY YEAR, THE APPLICATION GUIDELINES, APPLICATIONS AND THE SCHOLARSHIP PROGRAM ARE PLACED UPON THE AVIXA FOUNDATION WEBSITE. THERE ARE ALSO SEVERAL INTERNET SCHOLARSHIP WEBSITES THAT ARE LINKED TO THE AVIXA FOUNDATION SCHOLARSHIP SITE. APPLICATIONS, TO INCLUDE TRANSCRIPTS AND LETTERS OF RECOMMENDATION, ARE FORWARDED TO THE AVIXA FOUNDATION EXECUTIVE DIRECTOR. DURING MAY, THE AVIXA FOUNDATION BOARD OF DIRECTORS SELECTS A SUB-COMMITTEE OF MEMBERS WHO ARE PROVIDED THE APPLICATIONS ALONG WITH A RATING SCALE. BASED UPON THE AVAILABLE FUNDS FOR USE IN THE SCHOLARSHIP PROGRAM, THE NUMBER OF STUDENTS IS SELECTED AND ULTIMATELY NOTIFIED OF THE AWARDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt013245
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount02894
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt054987
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt158966
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0251650
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1283058
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt09044
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16487
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt01223
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023230
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt123101
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0102
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt11892
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HEIDI VOORHEES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GREGORY FEEHAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt017464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0340842
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1373504
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO OF THE SUPPORTED ORGANIZATION DESIGNATES ONE OF THE EMPLOYEES OF THE SUPPORTED ORGANIZATION TO SERVE AS EXECUTIVE DIRECTOR. THE EMPLOYEE'S POSITION AT THE SUPPORTED ORGANIZATION IS REVIEWED BY AN INDEPENDENT COMPENSATION CONSULTANT WHO CONDUCTS A SALARY STUDY ON A PERIODIC BASIS. A PORTION OF THE EMPLOYEE'S COMPENSATION IS CHARGED TO THE FOUNDATION TO REFLECT THE TIME SPENT AS EXECUTIVE DIRECTOR OF THE FOUNDATION.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR RECEIVED A PERFORMANCE BONUS IN 2019.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 7
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A VIRGINIA NON-STOCK AND NONPROFIT CORPORATION. THE FOUNDATION'S BY-LAWS, WHICH WERE MODIFIED IN 2016, SPECIFY THAT THE FOUNDATION HAS ONE VOTING MEMBER, WHICH IS THE SUPPORTED ORGANIZATION OF AVIXA (THE "VOTING MEMBER"). THE VOTING MEMBER THROUGH ITS GOVERNING BODY IS ENTITLED TO ELECT AND REMOVE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. ADDITIONALLY, THE VOTING MEMBER MUST APPROVE OF ANY TERMINATION OF THE MEMBERSHIP OF THE VOTING MEMBER IN THE FOUNDATION AS WELL AS THE DISSOLUTION OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S BY-LAWS SPECIFY THAT THE FOUNDATION HAS ONE VOTING MEMBER, WHICH IS THE SUPPORTED ORGANIZATION, AVIXA (THE "VOTING MEMBER"). THE VOTING MEMBER THROUGH ITS GOVERNING BODY IS ENTITLED TO ELECT AND REMOVE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. ADDITIONALLY, THE VOTING MEMBER MUST APPROVE OF ANY TERMINATION OF THE MEMBERSHIP OF THE VOTING MEMBER IN THE FOUNDATION. SPECIFICALLY, THE FOUNDATION BOARD OF DIRECTORS CONSISTS OF UP TO SEVEN (7) DIRECTORS, ALL OF WHICH ARE TO BE APPOINTED OR ELECTED BY THE VOTING MEMBER'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'S BY-LAWS SPECIFY THAT THE FOUNDATION HAS ONE VOTING MEMBER, WHICH IS THE SUPPORTED ORGANIZATION OF AVIXA (THE "VOTING MEMBER"). THE VOTING MEMBER THROUGH ITS GOVERNING BODY IS ENTITLED TO ELECT AND REMOVE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. ADDITIONALLY, THE VOTING MEMBER MUST APPROVE OF ANY TERMINATION OF THE MEMBERSHIP OF THE VOTING MEMBER IN THE FOUNDATION AS WELL AS THE DISSOLUTION OF THE FOUNDATION. SPECIFICALLY, THE FOUNDATION BOARD OF DIRECTORS CONSISTS OF UP TO SEVEN (7) DIRECTORS, ALL OF WHICH ARE TO BE APPOINTED OR ELECTED BY THE VOTING MEMBER'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN ADVANCE OF A BOARD MEETING, THE BOARD OF DIRECTORS RECEIVES A DRAFT OF THE FORM 990 FOR REVIEW. AT THE BOARD MEETING, THE CHIEF FINANCIAL OFFICER CONDUCTS A DETAILED REVIEW OF THE 990 AND ITS CONTENTS AND RESPONDS TO ANY QUESTIONS ARISING FROM THE BOARD'S REVIEW OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH DIRECTOR IS ANNUALLY REQUIRED TO COMPLETE THE FORM.

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