Civic Intelligence

MID-Atlantic Christian University Foundation Inc.

990 • Fiscal year 2012 • EIN 56-1467140

Jul 01, 2011 to Jun 30, 2012 • Filed on Dec 13, 2012

Organization ProfileWWW.MACUNIVERSITY.EDU
715 North Poindexter Street27909
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.

2012 filings • NTEE B • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

13th percentile

-12%

Faster asset growth than 13% of similar nonprofits.

2012 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$2,263,520

Down $310,994 (-12%) from 2011

Net Assets

Down

$2,263,520

Down $310,909 (-12%) from 2011

Liabilities

Down

$0

Down $85 (-100%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$112,810

Up $15,508 (+16%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,315,957Liabilities 2010: $12,145Net Assets 2010: $2,303,8122010Assets 2011: $2,574,514Liabilities 2011: $85Net Assets 2011: $2,574,4292011Assets 2012: $2,263,520Liabilities 2012: $0Net Assets 2012: $2,263,5202012Assets 2013: $2,769,128Liabilities 2013: $0Net Assets 2013: $2,769,1282013Assets 2014: $3,040,534Liabilities 2014: $0Net Assets 2014: $3,040,5342014Assets 2015: $3,132,500Liabilities 2015: $0Net Assets 2015: $3,132,5002015Assets 2016: $3,385,451Liabilities 2016: $0Net Assets 2016: $3,385,4512016Assets 2017: $3,123,574Liabilities 2017: $0Net Assets 2017: $3,123,5742017Assets 2018: $3,318,025Liabilities 2018: $0Net Assets 2018: $3,318,0252018Assets 2019: $3,502,542Liabilities 2019: $0Net Assets 2019: $3,502,5422019Assets 2020: $3,449,145Liabilities 2020: $0Net Assets 2020: $3,449,1452020Assets 2021: $4,089,235Liabilities 2021: $0Net Assets 2021: $4,089,2352021Assets 2022: $3,809,159Liabilities 2022: $0Net Assets 2022: $3,809,1592022Assets 2023: $4,151,950Liabilities 2023: $0Net Assets 2023: $4,151,9502023Assets 2024: $4,560,298Liabilities 2024: $0Net Assets 2024: $4,560,2982024

Highlighted filing

2012

Assets$2,263,520
Liabilities$0
Net Assets$2,263,520
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2010: $95,9762010Expenses 2011: $97,3022011Expenses 2012: $112,8102012Expenses 2013: $114,1282013Revenue 2014: $208,459Expenses 2014: $110,217Net Income 2014: $98,2422014Revenue 2015: $206,387Expenses 2015: $106,022Net Income 2015: $100,3652015Revenue 2016: $416,748Expenses 2016: $116,775Net Income 2016: $299,9732016Revenue 2017: $211,337Expenses 2017: $672,575Net Income 2017: -$461,2382017Revenue 2018: $223,399Expenses 2018: $127,085Net Income 2018: $96,3142018Revenue 2019: $160,582Expenses 2019: $129,092Net Income 2019: $31,4902019Revenue 2020: $177,029Expenses 2020: $115,300Net Income 2020: $61,7292020Revenue 2021: $187,982Expenses 2021: $308,162Net Income 2021: -$120,1802021Revenue 2022: $237,635Expenses 2022: $132,522Net Income 2022: $105,1132022Revenue 2023: $217,751Expenses 2023: $124,720Net Income 2023: $93,0312023Revenue 2024: $204,743Expenses 2024: $122,334Net Income 2024: $82,4092024

Highlighted filing

2012

Revenue-
Expenses$112,810
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Dec 13, 2012
Return Version
2011v1.2
Gross Receipts
$129,458
Mission and Program Overview

Mission

The mission of mid-atlantic christian university foundation, inc. Is to support the mission of mid-atlantic christian university by acquiring, managing, and distributing funds to further the university's operations.

Filing and Contact Details

Filer

EIN
56-1467140
Raw XML AppendixShowing 400 of 541 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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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE PERMANENTLY RESTRICTED NET ASSETS ("ENDOWMENTS") ARE COMPOSED OF FUNDS RESTRICTED FOR SCHOLARSHIPS, FACULTY SCHOLARSHIPS, MISSIONS AND GENERAL USE. THE ENDOWMENTS REPRESENT FUNDS RECEIVED WITH DONOR IMPOSED STIPULATIONS THAT THEY BE MAINTAINED IN PERPETUITY.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1NOTE 15 - UNCERTAIN TAXES (FOR CONSOLIDATED FINANCIAL STATEMENTS) THE UNIVERSITY FOLLOWS FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2012, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEAR ENDED JUNE 30, 2012. GENERALLY, THE TAX YEARS BEFORE 2008 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2TRANSFER FROM MID-ATLANTIC CHRISTIAN UNIVERSITY 2,582.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3GRANT TO MID-ATLANTIC CHRISTIAN UNIVERSITY 89,887.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleD/RevenueNotRptdF9900-330139
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0129458
IRS990ScheduleD/TermEndowmentEOYBalance00.00000
IRS990ScheduleD/TotalAdjustments0-327557
IRS990ScheduleD/TotalExpenses0112810
IRS990ScheduleD/TotalExpensesPerForm9900112810
IRS990ScheduleD/TotalOfBookValueLandBuildings00
IRS990ScheduleD/TotalOfBookValueSecurities02113029
IRS990ScheduleD/TotalRevenue0129458
IRS990ScheduleD/TotalRevenuePerForm9900129458
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt022923
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0-200681
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THE FOUNDATION BOARD APPROVES ANNUALLY, THE DISBURSEMENT OF FOUNDATION FUNDS TO THE UNIVERSITY BASED ON THE TOTAL VALUE OF THE ALLOTTED FUNDS. A CHECK IS WRITTEN TO THE UNIVERSITY AND APPLIED TO STUDENTS, FACULTY/STAFF, DEPARTMENTS, AND GENERAL OPERATIONS IN COMPLIANCE WITH THE "AUTHORIZATION FOR NAMED SCHOLARSHIP FUND". ACCOUNTS ARE REVIEWED ANNUALLY BY AN EXTERNAL INDEPENDENT AUDITOR.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10715 NORTH POINDEXTER STREET
IRS990ScheduleI/RecipientTable/AddressUS/City0ELIZABETH CITY
IRS990ScheduleI/RecipientTable/AddressUS/State0NC
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode027909
IRS990ScheduleI/RecipientTable/AmountOfCashGrant089887
IRS990ScheduleI/RecipientTable/DescriptionOfNonCashAssistance0N/A
IRS990ScheduleI/RecipientTable/EINOfRecipient0561065978
IRS990ScheduleI/RecipientTable/IRCSection0501(C)(3)
IRS990ScheduleI/RecipientTable/MethodOfValuation0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrant0MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION, INC. GAVE GRANTS TO MID-ATLANTIC CHRISITAN UNIVERSITY, INC. FOR STUDENT AND FACULTY SCHOLARSHIPS AND INSTITUTIONAL SUPPORT (GENERAL FUND, LIBRARY, ETC.).
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10MID-ATLANTIC CHRISTIAN UNIVERSITY INC
IRS990ScheduleI/RecordsMaintained01
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0A COPY OF THE FOUNDATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation1THIS IS REVIEWED ANNUALLY AT THE MEETING OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3NET UNREALIZED LOSSES ON INVESTMENTS: -330,139. TRANSFER FROM MID-ATLANTIC CHRISTIAN UNIVERSITY 2,582. TOTAL TO FORM 990, PART XI, LINE 5: -327,557.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier1FINANCIAL STATEMENTS AND REPORTING
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XII, LINE 2C
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10715 NORTH POINDEXTER STREET
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0ELIZABETH CITY
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode027909
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0561065978
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,263,520
Liabilities
$0
Net assets
$2,263,520
Revenue
-
Expenses
$112,810
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.56$0.00$4.56$0.20$0.12$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.15$0.00$4.15$0.22$0.12$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$0.24$0.13$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.09$0.00$4.09$0.19$0.31$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$0.18$0.12$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.16$0.13$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.32$0.00$3.32$0.22$0.13$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$0.21$0.67$0.46
2016Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$0.42$0.12$0.30
2015Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.21$0.11$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.21$0.11$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.00$2.77$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.00$2.26$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.00$2.57$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.01$2.30$0.10