Civic Intelligence

Frank M Hardy Trust UW

990 • Fiscal year 2020 • EIN 54-6136704

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 07, 2021

PO Box 2907 - Mc 100-01-02-50Wilson, NC 27894-2907

(304) 437-5049

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$17,204

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 36.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

35th percentile

1.0%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-25%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,100,037

Up $10,432 (+1.0%) from 2019

Net Assets

Up

$1,100,037

Up $10,432 (+1.0%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$47,464

Down $15,686 (-25%) from 2019

Expenses

Down

$37,130

Down $5,323 (-13%) from 2019

Net Income

Down

$10,334

Down $10,363 (-50%) from 2019

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: $1,062,516Liabilities 2011: $0Net Assets 2011: $1,062,5162011Assets 2012: $1,084,450Liabilities 2012: $0Net Assets 2012: $1,084,4502012Assets 2013: $1,140,649Liabilities 2013: $0Net Assets 2013: $1,140,6492013Assets 2014: $1,167,781Liabilities 2014: $0Net Assets 2014: $1,167,7812014Assets 2015: $1,135,325Liabilities 2015: $0Net Assets 2015: $1,135,3252015Assets 2016: $1,100,024Liabilities 2016: $0Net Assets 2016: $1,100,0242016Assets 2017: $1,078,420Liabilities 2017: $0Net Assets 2017: $1,078,4202017Assets 2018: $1,069,486Liabilities 2018: $0Net Assets 2018: $1,069,4862018Assets 2019: $1,089,605Liabilities 2019: $0Net Assets 2019: $1,089,6052019Assets 2020: $1,100,037Liabilities 2020: $0Net Assets 2020: $1,100,0372020Assets 2021: $1,149,587Liabilities 2021: $0Net Assets 2021: $1,149,5872021Assets 2022: $1,131,808Liabilities 2022: $0Net Assets 2022: $1,131,8082022Assets 2023: $1,170,474Liabilities 2023: $0Net Assets 2023: $1,170,4742023Assets 2024: $1,200,296Liabilities 2024: $0Net Assets 2024: $1,200,2962024

Highlighted filing

2020

Assets$1,100,037
Liabilities$0
Net Assets$1,100,037

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2011: $41,3962011Revenue 2012: $64,062Expenses 2012: $42,128Net Income 2012: $21,9342012Revenue 2013: $97,122Expenses 2013: $41,256Net Income 2013: $55,8662013Revenue 2014: $69,180Expenses 2014: $42,284Net Income 2014: $26,8962014Revenue 2015: $43,221Expenses 2015: $80,600Net Income 2015: -$37,3792015Revenue 2016: $16,211Expenses 2016: $40,673Net Income 2016: -$24,4622016Revenue 2017: $49,954Expenses 2017: $75,273Net Income 2017: -$25,3192017Revenue 2018: $37,155Expenses 2018: $44,733Net Income 2018: -$7,5782018Revenue 2019: $63,150Expenses 2019: $42,453Net Income 2019: $20,6972019Revenue 2020: $47,464Expenses 2020: $37,130Net Income 2020: $10,3342020Revenue 2021: $85,808Expenses 2021: $36,525Net Income 2021: $49,2832021Revenue 2022: $93,930Expenses 2022: $110,854Net Income 2022: -$16,9242022Revenue 2023: $85,968Expenses 2023: $57,133Net Income 2023: $28,8352023Revenue 2024: $89,465Expenses 2024: $59,889Net Income 2024: $29,5762024

Highlighted filing

2020

Revenue$47,464
Expenses$37,130
Net Income$10,334
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 7, 2021
Return Version
2020v4.1
Gross Receipts
$471,353
Mission and Program Overview

Mission

To support scholarship funding at the university of virginia medical school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,089,605$1,100,037▲ $10,432
Investments in Publicly Traded Securities$1,027,538$923,869▼ $103,669
Cash and Non-Interest-Bearing Accounts$416$176,168▲ $175,752
Savings and Temporary Cash Investments$61,651--
Total Assets$1,089,605$1,100,037▲ $10,432
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,089,605$1,100,037▲ $10,432
Total Liabilities and Net Assets / Fund Balance$1,089,605$1,100,037▲ $10,432
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$17,204$17,204
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$47,464
Other Revenue
$0
Change in Net Assets
$10,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$18,120
Salaries, Compensation, and Employee Benefits$17,204
Other Expenses$1,806
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$18,120--$18,120
Current Officers, Directors, Trustees, and Key Employees$8,602$8,602-$17,204
Fees for Services Other-$1,029-$1,029
Other Expenses-$97-$97
Total Functional Expenses$26,722$10,408$0$37,130
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Rector & Visitors of theCharlottesville, VA501(c)(3)The University of Virginia Medical School$18,120
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
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

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

This organization has a sole institutional trustee and does not have a governing body.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

This organization has a sole institutional trustee and does not have a governing body.

Form 990, Page 6, Part VI, Line 11-description of Process for Review

Trustee reviews before filing

Form 990, Page 6, Part VI, Line 19

No documents made available to the public

Filing and Contact Details

Filer

Filer Name
Hardyfrank-tuw
EIN
54-6136704
Phone
3044375049
Address
PO BOX 2907 - MC 100-01-02-50, WILSON, NC 27894-2907

Signing Officer

Name
Branch Banking Trust Co Trustee
Title
SVP
Phone
3044375049
Signed
2021-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Branch Banking Trust Company
Formed
2003
Legal Domicile
Wv
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
40 WESTMINSTER ST STE 800, PROVIDENCE, RI 02903
Preparer
Richard Raleigh
Phone
4014573839
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

Mutual Fund Timing Difference $47. Sales Return of Capital Adjustment ($130). Transaction Timing Difference $188. Rounding ($7).

Raw XML AppendixShowing 400 of 406 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The organization has recently experienced a change in trust officers and a renewed connection and relationship with the supported organization in being established, including the correction of prior year under distributions.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2There was a clerical error in prior years that led to being under distributed that was not corrected in 2020 due to the impact of the COVID pandemic
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART V, SECTION E, LINE 6
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART V, SECTION D, LINE 2
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt018120
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE UNIVERSITY OF VIRGINIA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt018120
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt018120
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0SCHOLARSHIP FUNDING AT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0THE UNIVERSITY OF VIRGINIA MEDICAL SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE RECTOR & VISITORS OF THE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0UNIVERSITY OF VIRGINIA
IRS990ScheduleI/RecipientTable/RecipientEIN0546001796
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0P O BOX 400807
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLOTTESVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022904
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE TRUST FUNDS SCHOLARSHIPS AWARDED BY THE UNIVERSITY OF VIRGINIA MEDICAL SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This organization has a sole institutional trustee and does not have a governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This organization has a sole institutional trustee and does not have a governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEE REVIEWS BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS MADE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Mutual Fund Timing Difference $47. Sales Return of Capital Adjustment ($130). Transaction Timing Difference $188. Rounding ($7).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE RECTOR & VISITORS OF THE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0546001796
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 400807
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTE
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt018120
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE RECTOR & VISITORS OF THE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0UNIVERSITY OF VIRGINIA
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IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01089605
IRS990/TotalAssetsGrp/EOYAmt01100037
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010408
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt026722
IRS990/TotalFunctionalExpensesGrp/TotalAmt037130
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01089605
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01100037
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt026722
IRS990/TotalReportableCompFromOrgAmt017204
IRS990/TotalRevenueGrp/ExclusionAmt047464
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt047464
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01089605
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01100037
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 SUMMERS ST FL 5
IRS990/USAddress/CityNm0CHARLESTON
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd0253011624
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANCH BANKING TRUST CO TRUSTEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP
ReturnHeader/BusinessOfficerGrp/PhoneNum03044375049
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HARDYFRANK-TUW
ReturnHeader/Filer/BusinessNameControlTxt0HARD
ReturnHeader/Filer/EIN0546136704
ReturnHeader/Filer/PhoneNum03044375049
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2907 - MC 100-01-02-50
ReturnHeader/Filer/USAddress/CityNm0WILSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0278942907
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0346565596
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 WESTMINSTER ST STE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PROVIDENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002903
ReturnHeader/PreparerPersonGrp/PhoneNum04014573839
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-07

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.09$0.06$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.09$0.06$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.09$0.11$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.09$0.04$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.05$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.06$0.04$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.04$0.04$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.05$0.08$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.02$0.04$0.02
2015Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.04$0.08$0.04
2014Summary only. Only limited summary data is available for this year.$1.17$0.00$1.17$0.07$0.04$0.03
2013Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.10$0.04$0.06
2012Summary only. Only limited summary data is available for this year.$1.08$0.00$1.08$0.06$0.04$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.04