Civic Intelligence

Townebank Foundation Co William Hodsden

990PF • Fiscal year 2017 • EIN 54-2036534

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

6001 Harbour View BlvdSuffolk, VA 23435

(757) 638-6787

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

59th percentile

6.4%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,952,150

Up $183,735 (+10%) from 2016

Net Assets

Up

$1,952,150

Up $183,735 (+10%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$2,716,797

Down $381,499 (-12%) from 2016

Expenses

Down

$2,543,356

Down $266,862 (-9.5%) from 2016

Net Income

Down

$173,441

Down $114,637 (-40%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $1,112,779Liabilities 2010: $0Net Assets 2010: $1,112,7792010Assets 2011: $992,166Liabilities 2011: $0Net Assets 2011: $992,1662011Assets 2012: $1,157,385Liabilities 2012: $0Net Assets 2012: $1,157,3852012Assets 2013: $1,064,753Liabilities 2013: $0Net Assets 2013: $1,064,7532013Assets 2014: $1,339,829Liabilities 2014: $0Net Assets 2014: $1,339,8292014Assets 2015: $1,460,788Liabilities 2015: $0Net Assets 2015: $1,460,7882015Assets 2016: $1,768,415Liabilities 2016: $0Net Assets 2016: $1,768,4152016Assets 2017: $1,952,150Liabilities 2017: $0Net Assets 2017: $1,952,1502017Assets 2018: $2,241,618Liabilities 2018: $10,000Net Assets 2018: $2,231,6182018Assets 2019: $2,790,617Liabilities 2019: $0Net Assets 2019: $2,790,6172019Assets 2020: $2,708,089Liabilities 2020: $0Net Assets 2020: $2,708,0892020Assets 2021: $12,218,911Liabilities 2021: $0Net Assets 2021: $12,218,9112021Assets 2022: $17,064,540Liabilities 2022: $0Net Assets 2022: $17,064,5402022Assets 2023: $17,075,591Liabilities 2023: $0Net Assets 2023: $17,075,5912023Assets 2024: $19,983,840Liabilities 2024: $0Net Assets 2024: $19,983,8402024

Highlighted filing

2017

Assets$1,952,150
Liabilities$0
Net Assets$1,952,150

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $899,8232010Revenue 2011: $1,108,276Expenses 2011: $1,183,727Net Income 2011: -$75,4512011Expenses 2012: $1,105,8972012Revenue 2013: $1,577,077Expenses 2013: $1,704,200Net Income 2013: -$127,1232013Revenue 2014: $1,893,917Expenses 2014: $1,603,172Net Income 2014: $290,7452014Revenue 2015: $2,046,436Expenses 2015: $1,963,243Net Income 2015: $83,1932015Revenue 2016: $3,098,296Expenses 2016: $2,810,218Net Income 2016: $288,0782016Revenue 2017: $2,716,797Expenses 2017: $2,543,356Net Income 2017: $173,4412017Revenue 2018: $3,844,998Expenses 2018: $3,425,317Net Income 2018: $419,6812018Revenue 2019: $5,110,703Expenses 2019: $4,418,999Net Income 2019: $691,7042019Revenue 2020: $4,188,957Expenses 2020: $4,271,485Net Income 2020: -$82,5282020Revenue 2021: $5,948,178Expenses 2021: $5,394,120Net Income 2021: $554,0582021Revenue 2022: $11,867,265Expenses 2022: $6,976,850Net Income 2022: $4,890,4152022Revenue 2023: $8,053,248Expenses 2023: $8,042,197Net Income 2023: $11,0512023Revenue 2024: $11,973,465Expenses 2024: $9,065,216Net Income 2024: $2,908,2492024

Highlighted filing

2017

Revenue$2,716,797
Expenses$2,543,356
Net Income$173,441
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Mission and Program Overview

Mission

To raise money to provide donations to other charitable organizations.

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
G ROBERT ASTON JRPresident And Director-$0--
R SCOTT MORGANTreasurer And Director-$0--
WILLIAM T HODSENSecretary & Executive DirectorPT$0--
J MORGAN DAVISDirector-$0--
Filing and Contact Details

Filer

Filer Name
Townebank Foundation
EIN
54-2036534
Phone
7576386787
Address
6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435

Signing Officer

Name
William T Hodsden
Title
Secretary
Phone
7576386787
Signed
2018-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Cherry Bekaert Llp
Address
222 CENTRAL PARK AVE STE 1400, VIRGINIA BEACH, VA 23462
Preparer
Barbara Smith
Phone
7574562400
Raw XML AppendixShowing 400 of 1,323 raw XML fields

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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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0SCHOLARSHIP APPLICATION FORM, BRIEF ESSAY, TRANSCRIPTS, SAT/ACT SCORE
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientEmailAddressTxt0[email protected]
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0TOWNEBANK ATTENTION ROBYN LEAVY
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum07576386700
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt06005 HARBOUR VIEW BLVD
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0SUFFOLK
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd0VA
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd023435
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0APPLICANT MUST BE A CHILD OF A PARENT CURRENTLY EMPLOYED BY TOWNEBANK AND ITS AFFILIATES ON A FULL-TIME BASIS FOR A MINIMUM OF TWO YEARS. APPLICANT MUST BE A CURRENT HIGH SCHOOL SENIOR OR HAVE GRADUATED FROM HIGH SCHOOL THROUGH AN EARLY GRADUATION PROGRAM. APPLICANT MUST ENROLL AS A FULL-TIME STUDENT AS DEFINED BY THE ACCREDITED EDUCATIONAL INSTITUTION.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0APPLICATION AND ESSAY MUST BE SUBMITTED BY FEBRUARY 15 OF EACH YEAR.
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt57GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt58GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt59GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt60GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt61GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt62GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt63GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt64GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt65GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt66GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt67GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt68GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt69GENERAL SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0ACCESS COLLEGE FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1BHARAT INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt2BON SECOURS HAMPTON ROADS FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt3CATHOLIC CHARITIES OF EASTERN SHORE INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt4CHESAPEAKE BAY FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt5CHILD & FAMILY SERVICES OF EASTERN VIRGINIA INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt6CHILDREN'S HOSPITAL OF THE KINGS DAUGHTERS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt7CHRISTOPHER NEWPORT EDUCATION FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt8CHRYSLER MUSEUM OF ART
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt9EASTERN VA MEDICAL SCHOOL FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt10EDMARC HOSPICE FOR CHILDREN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt11ELEVATE EARLY EDUCATION INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt12EMBRY-RIDDLE AERONAUTICAL UNIVERSITY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt13EQUI-KIDS THERAPEUTIC RIDING PROGRAM
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt14GARDEN OF HOPE COMMUNITY DEVOPMENT CORP
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt15GOODWILL FOR CENTRAL AND COASTAL VIRGINIA INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt16GOVERNOR'S MAGNET SCHOOL FOR THE ARTS FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt17HAMPTON ROADS ACADEMY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt18HAMPTON ROADS WORKFORCE DEVELOPMENT CORP
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt19HAMPTON UNIVERSITY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt20HELP AND EMERGENCY RESPONSE INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt21HISTORIC ST LUKE'S RESTORATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt22JAMESTOWN-YORKTOWN FOUNDATION INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt23LEGAL AID SOCIETY OF EASTERN VIRGINIA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt24MERCY CHEFS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt25NANSEMOND RIVER PRESERVATION ALLIANCE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt26NANSEMOND SUFFOLK ACADEMY ASSOCIATION INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt27NAUTICUS FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt28NEWPORT NEWS POLICE FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt29NORFOLK COLLEGIATE SCHOOL

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.0$0.00$20.0$12.0$9.07$2.91
2023Detailed filing. Detailed filing data is available for this year.$17.1$0.00$17.1$8.05$8.04$0.01
2022Detailed filing. Detailed filing data is available for this year.$17.1$0.00$17.1$11.9$6.98$4.89
2021Detailed filing. Detailed filing data is available for this year.$12.2$0.00$12.2$5.95$5.39$0.55
2020Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$4.19$4.27$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$5.11$4.42$0.69
2018Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$3.84$3.43$0.42
2017Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$2.72$2.54$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$3.10$2.81$0.29
2015Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$2.05$1.96$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$1.89$1.60$0.29
2013Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$1.58$1.70$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$1.11
2011Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$1.11$1.18$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.11$0.90