Civic Intelligence

Itma Educational Foundation

990EZ • Fiscal year 2024 • EIN 56-2004758

Sep 01, 2023 to Aug 31, 2024 • Filed on Nov 06, 2024

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 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

26th percentile

-15%

Higher net margin than 26% of similar nonprofits.

2024 filings • NTEE B82 • <$500k nonprofits • Source year 2024

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.

2024 filings • NTEE B82 • <$500k nonprofits • Source year 2024

Asset Growth

40th percentile

-1.8%

Faster asset growth than 40% of similar nonprofits.

2024 filings • NTEE B82 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

59%

Faster revenue growth than 78% of similar nonprofits.

2024 filings • NTEE B82 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Flat

$282,358

Flat from 2024

Net Assets

$282,358

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Flat

$33,489

Flat from 2024

Expenses

Flat

$38,649

Flat from 2024

Net Income

Flat

-$5,160

Flat from 2024

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: $282,358Net Assets 2024: $282,3582024Assets 2024: $282,358Liabilities 2024: $02024

Highlighted filing

2024

Assets$282,358
Liabilities-
Net Assets$282,358

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: -$5,1602024Revenue 2024: $33,489Expenses 2024: $38,649Net Income 2024: -$5,1602024

Highlighted filing

2024

Revenue$33,489
Expenses$38,649
Net Income-$5,160
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Nov 6, 2024
Return Version
2023v5.0
Gross Receipts
$33,489
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.-$28,892
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANDERSON GIBBONSBoard Member-$0--
KATHRYN RICHARDSONBoard Member-$0--
CARMEN HERNDON BARBEEIndustry Lia-$0--
MENDY KEARNSTreasurer-$0--
ELISE GABRIELSONVice Preside-$0--
ANDY PACUKBoard Member-$0--
PATRICK SHELTONBoard Member-$0--
STEVE GITTELSONBoard Member-$0--
CARRIE DILLONExecutive Di-$0--
CARLA BLUITTBoard Member-$0--
DAVID LAPPERTPresident-$0--
TAMMY BUCKNERBoard Member-$0--
RICK LOVEGROVEBoard 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
2024-11-06

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 8

Prior period adjustments 750 total 750

Form 990-ez, Part I, Line 16

Expenses speaker fee 1,000 webinar 9,002 marketing 7,330 donations 1,000 vjdc award 8,390 overhead 6,000 cover competition 1,000 fouders scholarship 2,500 total 36,222

Form 990-ez, Part I, Line 20

PY ADJ 0

Form 990-ez, Part II, Line 24

Pledges receivable 7,500 7,500 total 7,500 7,500

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 Appendix181 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/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt8000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt120
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ANDERSON GIBBONS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KATHRYN RICHARDSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CARMEN HERNDON BARBEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MENDY KEARNS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ELISE GABRIELSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ANDY PACUK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6PATRICK SHELTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7STEVE GITTELSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8CARRIE DILLON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9CARLA BLUITT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10DAVID LAPPERT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11TAMMY BUCKNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12RICK LOVEGROVE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2INDUSTRY LIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt07500
IRS990EZ/OtherAssetsTotalDetail/EOYAmt07500
IRS990EZ/OtherExpensesTotalAmt036222
IRS990EZ/OtherRevenueTotalAmt0750
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/PrintingPublicationsPostageAmt012
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/ProgramServiceExpensesAmt028892
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt038649
IRS990EZ/TotalProgramServiceExpensesAmt028892
IRS990EZ/TotalRevenueAmt033489
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationOtherDesc0FOUNDATION
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0WWW.INTERNATIONALTEXTILEALLIANCE.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt015600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05625
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt041631
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt062856
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017139
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt015402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt019300
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt051841
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0750
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017139
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt019300
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt051841
IRS990ScheduleA/InvestmentIncomeCYPct00.45000
IRS990ScheduleA/InvestmentIncomePYPct00.42000
IRS990ScheduleA/PrivateFoundation509Ind0X
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.55100
IRS990ScheduleA/PublicSupportPY509Pct00.57660
IRS990ScheduleA/PublicSupportTotal509Amt063606
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt016350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt041631
IRS990ScheduleA/Total509Grp/TotalAmt063606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt033489
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt021027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt060931
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0115447
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR PERIOD ADJUSTMENTS 750 TOTAL 750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES SPEAKER FEE 1,000 WEBINAR 9,002 MARKETING 7,330 DONATIONS 1,000 VJDC AWARD 8,390 OVERHEAD 6,000 COVER COMPETITION 1,000 FOUDERS SCHOLARSHIP 2,500 TOTAL 36,222
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PY ADJ 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PLEDGES RECEIVABLE 7,500 7,500 TOTAL 7,500 7,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO 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 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CARRIE DILLON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03368856842
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-06
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT CORNELIUS CPA
ReturnHeader/ReturnTs02024-11-25T12:43:20-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-09-01
ReturnHeader/TaxPeriodEndDt02024-08-31
ReturnHeader/TaxYr02023

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.$2.82$2.82$0.33$0.39$0.05
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