Civic Intelligence

Itma Educational Foundation

990EZ • Fiscal year 2015 • EIN 56-2004758

Sep 01, 2014 to Aug 31, 2015 • Filed on Jul 14, 2016

Organization ProfileWWW.ITMA-SHOWTIME.COM
317 West High StreetHigh Point, NC 27260-1208

(336) 885-6842

Siviq Scores

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

Liabilities / Assets

80th percentile

0.00x

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

2015 filings • NTEE B82 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.00x

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

2015 filings • NTEE B82 • <$500k nonprofits • Source year 2015

Net Margin

29th percentile

-8.2%

Higher net margin than 29% of similar nonprofits.

2015 filings • NTEE B82 • <$500k nonprofits • Source year 2015

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2015 filings • NTEE B82 • <$500k nonprofits • Source year 2015

Asset Growth

44th percentile

-0.9%

Faster asset growth than 44% of similar nonprofits.

2015 filings • NTEE B82 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

-5.2%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • NTEE B82 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$297,934

Down $2,668 (-0.9%) from 2014

Net Assets

$297,934

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin29th percentile

Revenue

Down

$32,454

Down $1,777 (-5.2%) from 2014

Expenses

Up

$35,122

Up $9,963 (+40%) from 2014

Net Income

Down

-$2,668

Down $11,740 (-129%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$400K$300K$200K$100K$0Assets 2011: $290,964Liabilities 2011: $02011Assets 2012: $291,335Liabilities 2012: $02012Assets 2013: $291,530Liabilities 2013: $02013Assets 2014: $300,602Liabilities 2014: $02014Assets 2015: $297,934Liabilities 2015: $0Net Assets 2015: $297,9342015Assets 2016: $319,352Liabilities 2016: $0Net Assets 2016: $319,3522016Assets 2017: $277,202Liabilities 2017: $0Net Assets 2017: $277,2022017Assets 2018: $268,972Net Assets 2018: $268,9722018Assets 2019: $269,905Net Assets 2019: $269,9052019Assets 2020: $262,906Net Assets 2020: $262,9062020Assets 2021: $264,828Liabilities 2021: $02021Assets 2022: $304,025Net Assets 2022: $304,0252022Assets 2023: $287,518Liabilities 2023: $02023Assets 2024: $282,358Liabilities 2024: $02024

Highlighted filing

2015

Assets$297,934
Liabilities$0
Net Assets$297,934
Open 2015 Filing

Operations Trend

Revenue Growth46th percentile

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

$100K$50K$0-$50KRevenue 2011: $20,408Expenses 2011: $33,395Net Income 2011: -$12,9872011Revenue 2012: $10,576Expenses 2012: $10,205Net Income 2012: $3712012Revenue 2013: $19,784Expenses 2013: $19,589Net Income 2013: $1952013Revenue 2014: $34,231Expenses 2014: $25,159Net Income 2014: $9,0722014Revenue 2015: $32,454Expenses 2015: $35,122Net Income 2015: -$2,6682015Revenue 2016: $38,290Expenses 2016: $50,712Net Income 2016: -$12,4222016Revenue 2017: $36,109Expenses 2017: $78,259Net Income 2017: -$42,1502017Revenue 2018: $67,748Expenses 2018: $75,978Net Income 2018: -$8,2302018Revenue 2019: $39,148Expenses 2019: $38,214Net Income 2019: $9342019Revenue 2020: $25,007Expenses 2020: $32,006Net Income 2020: -$6,9992020Revenue 2021: $38,133Expenses 2021: $36,211Net Income 2021: $1,9222021Revenue 2022: $60,931Expenses 2022: $21,734Net Income 2022: $39,1972022Revenue 2023: $21,027Expenses 2023: $37,555Net Income 2023: -$16,5282023Revenue 2024: $33,489Expenses 2024: $38,649Net Income 2024: -$5,1602024

Highlighted filing

2015

Revenue$32,454
Expenses$35,122
Net Income-$2,668
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jul 14, 2016
Return Version
2014v6.0
Gross Receipts
$51,586
Mission and Program Overview

Mission

To provide scholarships to students enrolled in home furnishings and textile design programs, which will encourage students to enter these fields of study.

Program Services

DescriptionGrantsExpenses
PROVISION OF SCHOLARSHIPS AND EDUCATIONAL PROGRAMS:DURING THE CURRENT FISCAL YEAR, THIRTEEN STUDENTS, SEVERAL UNIVERSITIES,AND SOME SPECIAL EVENTS RECEIVED SCHOLARSHIPS AND AWARDS.$0$33,201
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ART REILLYPresident/DirectorPT$0--
TODD NIFONGVice-President/DirectorPT$0--
ISMAIL ARSLANTreasurer/SecretaryPT$0--
MAC LANEDirectorPT$0--
KELLY DIFOGGIODirectorPT$0--
KATHRYN RICHARDSONDirectorPT$0--
JESSIE RECTORDirectorPT$0--
WESLEY MANCINIDirectorPT$0--
BRIAN BUNCHDirectorPT$0--
TOM FORRESTERDirectorPT$0--
CATHERINE MORSELLExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Itma Educational Foundation
EIN
56-2004758
Phone
3368856842
Address
317 WEST HIGH STREET, HIGH POINT, NC 27260-1208

Signing Officer

Name
Catherine Morsell
Title
Executive Director
Phone
3368856842
Signed
2016-07-14
Discuss with paid preparer
Yes

Preparer

Firm
Sharrard Mcgee & Co Pa
Address
PO BOX 5869, HIGH POINT, NC 27262
Preparer
George H Knostman
Phone
3368840410
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: dividends income. Amount: 19,651.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: cover competition. Grantee name: tina larussa. Grantee relationship: none. Property description: cash. Amount given: 1,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarships/internships. Grantee name: sunshine owen. Grantee relationship: none. Property description: cash. Amount given: 10,222.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: virginia jackson design competition. Grantee name: keiamna smalls. Grantee relationship: none. Property description: cash. Amount given: 11,474.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: other awards. Grantee name: laura cherry. Grantee relationship: none. Property description: cash. Amount given: 10,505. Total included on form 990-ez, line 10: 33,201.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: marketing. Amount: 500. Description: website hosting. Amount: 1,000. Description: donations. Amount: 400. Description: bank fees. Amount: 21. Total to form 990-ez, line 16: 1,921.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: mutual funds at cost. Beg. Of year amount: 296,118. End of year amount: 292,877. Description: donation receivables from itma. Beg. Of year amount: 3,785. End of year amount: 3,985.”

Raw XML Appendix208 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HIGH POINT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MAC LANE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KATHRYN RICHARDSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRESIDENT/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER/SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0299903
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0296862
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01921
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVISION OF SCHOLARSHIPS AND EDUCATIONAL PROGRAMS:DURING THE CURRENT FISCAL YEAR, THIRTEEN STUDENTS, SEVERAL UNIVERSITIES,AND SOME SPECIAL EVENTS RECEIVED SCHOLARSHIPS AND AWARDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt033201
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SaleOfAssetsGrossAmt025000
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IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt035122
IRS990EZ/TotalProgramServiceExpensesAmt033201
IRS990EZ/TotalRevenueAmt032454
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WWW.ITMA-SHOWTIME.COM
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0581917209
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INTERNATIONAL TEXTILE MARKET ASSOCIATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DIVIDENDS INCOME. AMOUNT: 19,651.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: COVER COMPETITION. GRANTEE NAME: TINA LARUSSA. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: SCHOLARSHIPS/INTERNSHIPS. GRANTEE NAME: SUNSHINE OWEN. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 10,222.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: VIRGINIA JACKSON DESIGN COMPETITION. GRANTEE NAME: KEIAMNA SMALLS. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 11,474.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: OTHER AWARDS. GRANTEE NAME: LAURA CHERRY. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 10,505. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 33,201.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: MARKETING. AMOUNT: 500. DESCRIPTION: WEBSITE HOSTING. AMOUNT: 1,000. DESCRIPTION: DONATIONS. AMOUNT: 400. DESCRIPTION: BANK FEES. AMOUNT: 21. TOTAL TO FORM 990-EZ, LINE 16: 1,921.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: MUTUAL FUNDS AT COST. BEG. OF YEAR AMOUNT: 296,118. END OF YEAR AMOUNT: 292,877. DESCRIPTION: DONATION RECEIVABLES FROM ITMA. BEG. OF YEAR AMOUNT: 3,785. END OF YEAR AMOUNT: 3,985.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHERINE MORSELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03368856842
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ITMA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ITMA
ReturnHeader/Filer/EIN0562004758
ReturnHeader/Filer/PhoneNum03368856842
ReturnHeader/Filer/USAddress/AddressLine1Txt0317 WEST HIGH STREET
ReturnHeader/Filer/USAddress/CityNm0HIGH POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0272601208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561146197
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHARRARD MCGEE & CO PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 5869
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HIGH POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027262
ReturnHeader/PreparerPersonGrp/PhoneNum03368840410
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEORGE H KNOSTMAN
ReturnHeader/ReturnTs02016-07-14T15:58:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$297,934
Liabilities
$0
Net assets
$297,934
Revenue
$32,454
Expenses
$35,122
Net income
-$2,668
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$2.82$0.00$0.33$0.39$0.05
2023Summary only. Only limited summary data is available for this year.$2.88$0.00$0.21$0.38$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.04$3.04$0.61$0.22$0.39
2021Summary only. Only limited summary data is available for this year.$2.65$0.00$0.38$0.36$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.63$2.63$0.25$0.32$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$2.70$0.39$0.38$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.69$2.69$0.68$0.76$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.00$2.77$0.36$0.78$0.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.00$3.19$0.38$0.51$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.98$0.00$2.98$0.32$0.35$0.03
2014Summary only. Only limited summary data is available for this year.$3.01$0.00$0.34$0.25$0.09
2013Summary only. Only limited summary data is available for this year.$2.92$0.00$0.20$0.20$0.00
2012Summary only. Only limited summary data is available for this year.$2.91$0.00$0.11$0.10$0.00
2011Summary only. Only limited summary data is available for this year.$2.91$0.00$0.20$0.33$0.13