Civic Intelligence

Itma Educational Foundation

990EZ • Fiscal year 2020 • EIN 56-2004758

Sep 01, 2019 to Aug 31, 2020 • Filed on Jan 15, 2021

305 West High AvenueHigh Point, NC 27260

(336) 885-6842

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

31st percentile

-28%

Higher net margin than 31% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

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.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Asset Growth

41st percentile

-2.6%

Faster asset growth than 41% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-36%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$262,906

Down $6,999 (-2.6%) from 2019

Net Assets

Down

$262,906

Down $6,999 (-2.6%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$25,007

Down $14,141 (-36%) from 2019

Expenses

Down

$32,006

Down $6,208 (-16%) from 2019

Net Income

Down

-$6,999

Down $7,933 (-849%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$262,906
Liabilities-
Net Assets$262,906

Operations Trend

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

2020

Revenue$25,007
Expenses$32,006
Net Income-$6,999
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jan 15, 2021
Return Version
2019v5.0
Gross Receipts
$25,007
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
TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY.-$23,850
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KELLY DIFOGGIOPresident-$0--
KATHRYN RICHARDSONVice Preside-$0--
NATHAN COPELANDIndustry Lia-$0--
CARMEN HERNDON BARBEEIndustry Lia-$0--
MENDY KEARNSTreasurer-$0--
DADA PATILBoard Member-$0--
JANA PLATINA PHIPPSBoard Member-$0--
PATRICK SHELTONBoard Member-$0--
KATHERINE SHOAFBoard Member-$0--
DAVID STUNDABoard Member-$0--
CARRIE DILLONExecutive Di-$0--
DAVID LAPPERTBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Itma Educational Foundation
EIN
56-2004758
Phone
3368856842
Address
305 WEST HIGH AVENUE, HIGH POINT, NC 27260

Signing Officer

Name
Carrie Dillon
Title
Executive Director
Phone
3368856842
Signed
2021-01-15

Preparer

Firm
Scott Cornelius CPA Pc
Address
211 W LEXINGTON AVE STE 106, HIGH POINT, NC 27262
Preparer
Scott Cornelius
Phone
3368855100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 936 foundation golf tourn 1,655 donations 20,000 showtime 200 textile 101 1,995 total 24,786

Form 990-ez, Part II, Line 24

Accounts receivable 23,207 0 total 23,207 0

Form 990-ez, Part III

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

Raw XML Appendix171 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/StateAbbreviationCd0NC
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IRS990EZ/ExcessOrDeficitForYearAmt0-6999
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/InvestmentIncomeAmt012495
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0269905
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0262906
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0269905
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0262906
IRS990EZ/OccupancyRentUtltsAndMaintAmt06000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt7000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt8000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt9000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KELLY DIFOGGIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KATHRYN RICHARDSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2NATHAN COPELAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CARMEN HERNDON BARBEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MENDY KEARNS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DADA PATIL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JANA PLATINA PHIPPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7PATRICK SHELTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8KATHERINE SHOAF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9DAVID STUNDA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10CARRIE DILLON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11DAVID LAPPERT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2INDUSTRY LIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3INDUSTRY LIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt023207
IRS990EZ/OtherExpensesTotalAmt024786
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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/DescriptionProgramSrvcAccomTxt0TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt023850
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt032006
IRS990EZ/TotalProgramServiceExpensesAmt023850
IRS990EZ/TotalRevenueAmt025007
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationOtherDesc0FOUNDATION
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0WWW.INTERNATIONALTEXTILEALLIANCE.ORG
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0581917209
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt07832
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INTERNATIONAL TEXTILE MARKET ASSOC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0INTERNATIONAL TEXTILE MARKET ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt07832
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 936 FOUNDATION GOLF TOURN 1,655 DONATIONS 20,000 SHOWTIME 200 TEXTILE 101 1,995 TOTAL 24,786
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 23,207 0 TOTAL 23,207 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CARRIE DILLON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03368856842
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ITMA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ITMA
ReturnHeader/Filer/EIN0562004758
ReturnHeader/Filer/PhoneNum03368856842
ReturnHeader/Filer/USAddress/AddressLine1Txt0305 WEST HIGH AVENUE
ReturnHeader/Filer/USAddress/CityNm0HIGH POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027260
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823116843
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT CORNELIUS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0211 W LEXINGTON AVE STE 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HIGH POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027262
ReturnHeader/PreparerPersonGrp/PhoneNum03368855100
ReturnHeader/PreparerPersonGrp/PreparationDt02020-12-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT CORNELIUS
ReturnHeader/ReturnTs02021-01-11T15:10:22-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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