Civic Intelligence

Aatcc Foundation Inc.

990 • Fiscal year 2020 • EIN 56-2054922

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 15, 2021

One Davis Drive PO Box 12215Research Triangle Park, NC 27709

(919) 549-8141

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

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

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

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

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

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

Asset Growth

63rd percentile

13%

Faster asset growth than 63% of similar nonprofits.

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

Revenue Growth

95th percentile

140%

Faster revenue growth than 95% of similar nonprofits.

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

Assets

Up

$1,910,575

Up $214,309 (+13%) from 2019

Net Assets

Up

$1,910,557

Up $214,291 (+13%) from 2019

Liabilities

Up

$18

Up $18 from 2019

Revenue

Up

$348,382

Up $202,968 (+140%) from 2019

Expenses

Up

$125,569

Up $6,445 (+5.4%) from 2019

Net Income

Up

$222,813

Up $196,523 (+748%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $535,691Liabilities 2010: $619Net Assets 2010: $535,0722010Assets 2011: $533,834Liabilities 2011: $726Net Assets 2011: $533,1082011Assets 2012: $603,069Liabilities 2012: $0Net Assets 2012: $603,0692012Assets 2013: $803,965Liabilities 2013: $32,869Net Assets 2013: $771,0962013Assets 2014: $889,108Liabilities 2014: $12,513Net Assets 2014: $876,5952014Assets 2015: $1,003,126Liabilities 2015: $0Net Assets 2015: $1,003,1262015Assets 2016: $1,121,220Liabilities 2016: $129Net Assets 2016: $1,121,0912016Assets 2017: $1,422,517Liabilities 2017: $0Net Assets 2017: $1,422,5172017Assets 2018: $1,407,394Liabilities 2018: -$2,427Net Assets 2018: $1,409,8212018Assets 2019: $1,696,266Liabilities 2019: $0Net Assets 2019: $1,696,2662019Assets 2020: $1,910,575Liabilities 2020: $18Net Assets 2020: $1,910,5572020Assets 2021: $2,364,073Liabilities 2021: $0Net Assets 2021: $2,364,0732021Assets 2022: $1,870,928Liabilities 2022: $0Net Assets 2022: $1,870,9282022Assets 2023: $2,262,107Liabilities 2023: $0Net Assets 2023: $2,262,1072023Assets 2024: $2,661,532Liabilities 2024: $0Net Assets 2024: $2,661,5322024Assets 2025: $3,142,290Liabilities 2025: $0Net Assets 2025: $3,142,2902025

Highlighted filing

2020

Assets$1,910,575
Liabilities$18
Net Assets$1,910,557

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $43,3262010Expenses 2011: $48,3122011Expenses 2012: $64,3422012Revenue 2013: $118,533Expenses 2013: $49,768Net Income 2013: $68,7652013Revenue 2014: $126,953Expenses 2014: $52,317Net Income 2014: $74,6362014Revenue 2015: $188,267Expenses 2015: $48,385Net Income 2015: $139,8822015Revenue 2016: $125,278Expenses 2016: $90,891Net Income 2016: $34,3872016Revenue 2017: $247,381Expenses 2017: $105,732Net Income 2017: $141,6492017Revenue 2018: $178,724Expenses 2018: $104,643Net Income 2018: $74,0812018Revenue 2019: $145,414Expenses 2019: $119,124Net Income 2019: $26,2902019Revenue 2020: $348,382Expenses 2020: $125,569Net Income 2020: $222,8132020Revenue 2021: $270,338Expenses 2021: $128,323Net Income 2021: $142,0152021Revenue 2022: $121,688Expenses 2022: $116,282Net Income 2022: $5,4062022Revenue 2023: $148,078Expenses 2023: $113,491Net Income 2023: $34,5872023Revenue 2024: $111,451Expenses 2024: $118,338Net Income 2024: -$6,8872024Revenue 2025: $210,423Expenses 2025: $128,622Net Income 2025: $81,8012025

Highlighted filing

2020

Revenue$348,382
Expenses$125,569
Net Income$222,813
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 15, 2021
Return Version
2020v4.0
Gross Receipts
$983,818
Mission and Program Overview

Mission

The organization was created to promote charitable, scientific and educational activities in the textile, chemical and related sciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,689,204$1,904,122▲ $214,918
Prepaid Expenses and Deferred Charges$4,333$3,981▼ $352
Cash and Non-Interest-Bearing Accounts$2,729$2,472▼ $257
Total Assets$1,696,266$1,910,575▲ $214,309
Liabilities
Accounts Payable and Accrued Expenses-$18-
Total Liabilities$0$18▲ $18
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,278,465$1,476,948▲ $198,483
Net Assets Without Donor Restrictions$417,801$433,609▲ $15,808
Total Net Assets Fund Balance$1,696,266$1,910,557▲ $214,291
Total Liabilities and Net Assets / Fund Balance$1,696,266$1,910,575▲ $214,309
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kerry KingChair
Diana C WymanPresident
Rembert J Truesdale IIIVice Chair
Adam VarleyVice President
Jiping WangVice President
Frederick Miller JrAt Large
Harrie SchootsAt Large
John DarseyAt Large
Martin BideAt Large
Peter HauserAt Large
Roland Connelly SrAt Large
Sandy JohnsonAt Large
R Michael TyndallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$67,710
Program Service Revenue
$0
Investment Income
$280,672
Other Revenue
$0
All Other Contributions
$67,710
Change in Net Assets
$222,813

Audited Revenue Reconciliation

Revenue per Audited Statements
$348,382
Total Revenue per Audited Statements
$348,382
Total Revenue per Form 990
$348,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$114,000
Other Expenses$11,569
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$114,000--$114,000
Other Expenses-$7,177-$7,177
Travel$2,884--$2,884
Office Expenses-$1,508-$1,508
Total Functional Expenses$116,884$8,685$0$125,569

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$125,569
Total Expenses per Audited Statements$125,569
Total Expenses per Form 990$125,569
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Treasurer is provided a copy of the Form 990 to review prior to the formal filing deadline.

Conflict of interest policy compliance Part VI line 12C

The governing body of the Foundation reviews the conflict of interest statement on an annual basis, requiring its members to vote on and approve their intent to following the mandates of that statement.

Governing documents etc available to public Part VI line 19

The Foundations forms 990 are available for public viewing on www.guidestar.com

Filing and Contact Details

Filer

Filer Name
AATCC Foundation Inc
EIN
56-2054922
Address
One Davis Drive PO Box 12215, Research Triangle Park, NC 27709

Signing Officer

Name
Diana Wyman
Title
Executive VP
Phone
9195498141
Signed
2021-02-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Kerry King
Formed
1997
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
14
Employees
0

Preparer

Firm
PT CPAs PLLC
Address
7610 Falls of Neuse Rd, Raleigh, NC 27615
Preparer
Joseph Turchetti
Phone
9198476800
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0206451
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0101239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0603907
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0280672
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt055578
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt040053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041132
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt024039
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0441474
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.23780
IRS990ScheduleA/PublicSupportPY170Pct00.26170
IRS990ScheduleA/PublicSupportTotal170Amt0248548
IRS990ScheduleA/SubstantialContributorsTotAmt0355359
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt067710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt089836
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0138671
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0206451
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0101239
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0603907
IRS990ScheduleA/TotalSupportAmt01045381
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0125569
IRS990ScheduleD/RevenueSubtotalAmt0348382
IRS990ScheduleD/TotalExpensesPerForm990Amt0125569
IRS990ScheduleD/TotalRevenuePerForm990Amt0348382
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0348382
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0125569
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02884
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt12884
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt22884
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Research Grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Research Travel Reimbursements
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt110
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt210
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Actual amounts paid
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1Actual amounts paid
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc2Actual amounts paid
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Treasurer is provided a copy of the Form 990 to review prior to the formal filing deadline.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing body of the Foundation reviews the conflict of interest statement on an annual basis, requiring its members to vote on and approve their intent to following the mandates of that statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Foundations forms 990 are available for public viewing on www.guidestar.com
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AATCC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042103653
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Educational and scientific activities
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0One Davis Drive PO Box 12215
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Research Triangle Park
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027709
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01696266
IRS990/TotalAssetsEOYAmt01910575
IRS990/TotalAssetsGrp/BOYAmt01696266
IRS990/TotalAssetsGrp/EOYAmt01910575
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt067710
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08685
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0116884
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125569
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt018
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt018
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01696266
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01910557
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0116884
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt024575
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0256097
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0348382
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01696266
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01910575
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt02884
IRS990/TravelGrp/TotalAmt02884
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0www.aatcc.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Diana Wyman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive VP
ReturnHeader/BusinessOfficerGrp/PhoneNum09195498141
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AATCC Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0AATC
ReturnHeader/Filer/EIN0562054922

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$0.21$0.13$0.08
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$0.00$2.66$0.11$0.12$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.00$2.26$0.15$0.11$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.12$0.12$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$0.00$2.36$0.27$0.13$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.35$0.13$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.00$1.70$0.15$0.12$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.18$0.10$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.25$0.11$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.13$0.09$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.19$0.05$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$0.13$0.05$0.07
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.03$0.77$0.12$0.05$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$0.04