Civic Intelligence

International Technology Center

990 • Fiscal year 2012 • EIN 56-2171281

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 02, 2013

Organization Profilewww.itc-inc.org

View Organization Page

P O Box 1374027709-3740
Siviq Scores

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

Liabilities / Assets

43rd percentile

0.08x

Higher debt load relative to assets than 43% of similar nonprofits.

2012 filings • 501(c)3 • $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

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

2012 filings • 501(c)3 • $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 / Assets43rd percentile

Assets

Down

$767,255

Down $95,041 (-11%) from 2011

Net Assets

Down

$705,073

Down $21,386 (-2.9%) from 2011

Liabilities

Down

$62,182

Down $73,655 (-54%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,367,988

Down $217,792 (-14%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$1.0M$500K$0Assets 2011: $862,296Liabilities 2011: $135,837Net Assets 2011: $726,4592011Assets 2012: $767,255Liabilities 2012: $62,182Net Assets 2012: $705,0732012Assets 2013: $772,932Liabilities 2013: $25,056Net Assets 2013: $747,8762013Assets 2014: $607,933Liabilities 2014: $12,969Net Assets 2014: $594,9642014Assets 2015: $620,412Liabilities 2015: $53,946Net Assets 2015: $566,4662015Assets 2016: $572,342Liabilities 2016: $28,440Net Assets 2016: $543,9022016Assets 2017: $550,095Liabilities 2017: $27,245Net Assets 2017: $522,8502017Assets 2018: $528,666Liabilities 2018: $23,116Net Assets 2018: $505,5502018Assets 2019: $495,261Liabilities 2019: $21,224Net Assets 2019: $474,0372019Assets 2020: $459,853Liabilities 2020: $21,041Net Assets 2020: $438,8122020Assets 2021: $418,325Liabilities 2021: $21,194Net Assets 2021: $397,1312021Assets 2022: $368,320Liabilities 2022: $17,865Net Assets 2022: $350,4552022Assets 2023: $341,239Liabilities 2023: $48,452Net Assets 2023: $292,7872023Assets 2024: $276,431Liabilities 2024: $49,481Net Assets 2024: $226,9502024

Highlighted filing

2012

Assets$767,255
Liabilities$62,182
Net Assets$705,073
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,585,7802011Expenses 2012: $1,367,9882012Revenue 2013: $1,117,062Expenses 2013: $1,074,259Net Income 2013: $42,8032013Revenue 2014: $345,862Expenses 2014: $394,897Net Income 2014: -$49,0352014Revenue 2015: $213,701Expenses 2015: $242,199Net Income 2015: -$28,4982015Revenue 2016: $170,976Expenses 2016: $193,540Net Income 2016: -$22,5642016Revenue 2017: $176,091Expenses 2017: $197,143Net Income 2017: -$21,0522017Revenue 2018: $170,097Expenses 2018: $187,397Net Income 2018: -$17,3002018Revenue 2019: $111,780Expenses 2019: $143,293Net Income 2019: -$31,5132019Revenue 2020: $112,461Expenses 2020: $147,688Net Income 2020: -$35,2272020Revenue 2021: $139,024Expenses 2021: $180,705Net Income 2021: -$41,6812021Revenue 2022: $117,288Expenses 2022: $163,964Net Income 2022: -$46,6762022Revenue 2023: $53,068Expenses 2023: $110,736Net Income 2023: -$57,6682023Revenue 2024: $33,642Expenses 2024: $99,479Net Income 2024: -$65,8372024

Highlighted filing

2012

Revenue-
Expenses$1,367,988
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 2, 2013
Return Version
2012v2.1
Gross Receipts
$1,346,602
Mission and Program Overview

Mission

To provide an environment where industry, government, and universities can work together in a cooperative environment on high impact technologies. To conduct cooperative research programs that lower the risk and increase the return for the participating companies. To make the technology available to the industrial affiliates. To provide training to resident professionals and students.

Major Activities

Activity 2
Office of Naval Research contract entitled "Nanofluidic Lubricants for Increased Fuel Efficiency in Heavy Duty Vehicles". The objective is to achieve an improvement in fuel efficiency of heavy duty vehicles of greater than 5% when lubricants containing DND and OLC and other synergistic additives are utilized. Two senior undergraduate students have been trained to perform testing.
Activity 3
Defense Advanced Research Projects (DARPA) contract to ITC through the Army RDECOM Acquisition Center entitled Rapid, Efficient Atmospheric Pressure Plasma (REAPP). The objective of this program aims to maximize the performance of an atmospheric pressure plasma at high duty cycle. This work sought first to extend ITCs engineering models to describe power transmission using such a power supply and second to maximize power transmission using the new models.
Filing and Contact Details

Filer

EIN
56-2171281
Raw XML AppendixShowing 400 of 505 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0ASC 740-10 (FIN 48) applies to all tax positions, both those considered "highly certain" and those of which the certainty is less established or determinable. ASC 740-10 (FIN 48) considers a position to be "highly certain" if there are a number of routine transactions for which the tax law is clear and unambiguous and thus the details of the deduction such as timing and amount are known. To some extent, the substantiation of "highly certain" tax positions is based upon reliance of the book accounting controls and processes regarding the treatment of these routine transactions. Highly certain tax positions can result from transactions that are treated the same for book and tax accounting purposes, as well as those transactions that are treated differently for book and tax purposes. For the latter, the Company has established controls and processes to identify those transactions that require disparate tax treatment. SEC staff has noted that "ASC 740-10 (FIN 48) doesn't require a significant amount of documentation and analysis to support obvious positions - it is written for those positions for which there is uncertainty." In light of the guidance and requirements regarding highly certain tax positions summarized above, the Company has analyzed the material routine transactions undertaken by the Company and considers the disclosures made in their financial statements pertaining to accounting policies as representative of all routine material transactions; accordingly, the following consistently applied policies are considered highly certain tax positions made by the Company: Organization The International Technology Center ("ITC" or the "Center"), founded October 18, 1999, is a scientific research and development organization established to conduct basic as well as advanced scientific research in the public interest. ITC's primary activity involves conducting fundamental scientific research on individual projects covering multiple scientific disciplines with a particular emphasis on the research and development of electronic processes and devices. The Center has a for-profit subsidiary, Rivis, Inc., a North Carolina corporation that was formed in July 2003 for the purpose of conducting scientific research and development. The Center has a for-profit subsidiary Adamas Nanodiamond Technologies which was formed December 3, 2010 for the purpuse of selling nanodiamond powder. Consolidation Accounting Policy: The consolidated financial statements include the financial statements of International Technology Center and its subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. Tax Policy: For all tax years, ITC has filed a separate tax return from Rivis and Adamas because Rivis and Adamas are both for-profit entities. While the financial statements for ITC, Rivis, Inc. and Adamas are presented on a consolidated basis, ITC owns a 49% interest in Rivis and 56% of Adamas. As a result, the companies are not consolidated for tax return purposes. Exempt Status Tax Policy: The Company recognizes itself as public charity that is exempt from Federal income tax in accordance with Internal Revenue Code Section 501(c)(3). The Company retains documentation of its acceptance as an exempt organization from inception. The Company has not engaged in substantial activities outside of its exempt purpose that would have created a disqualifying event. Further, all prior tax returns have been timely filed. Since the Company is duly recognized as an exempt organization, it is only subject to income tax on its unrelated business income, discussed below. Unrelated Business Income Tax Policy: Although the Company is recognized as tax exempt, the Company is still liable for income tax on its unrelated business taxable income. Investment income earned by the Company is generally not taxable as it is used for the scientific research purpose of the organization. Investment income is interest. Interest is excludib
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1Subsidiary intercompany income eliminated in consolidated financials
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2Subsidiary intercompany expenses eliminated in consolidated financials
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3Schedule D, Part XI, Line 2d Subsidiary Income Schedule D, Part XII, Line 2d Subsidiary Expenses
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Part X, Line 2:
IRS990ScheduleD/LeaseholdImprovements/BookValue0731
IRS990ScheduleD/LeaseholdImprovements/Depreciation0134954
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis0135685
IRS990ScheduleD/OtherAssets/BookValue025848
IRS990ScheduleD/OtherAssets/BookValue12052
IRS990ScheduleD/OtherAssets/BookValue2255872
IRS990ScheduleD/OtherAssets/Description0Prepaid Expenses
IRS990ScheduleD/OtherAssets/Description1Investments
IRS990ScheduleD/OtherAssets/Description2Pending Patents
IRS990ScheduleD/OtherExpensesIncluded0322645
IRS990ScheduleD/OtherLiabilities/Amount07055
IRS990ScheduleD/OtherLiabilities/Amount185
IRS990ScheduleD/OtherLiabilities/Description0NATO SfP Project
IRS990ScheduleD/OtherLiabilities/Description1Payroll Liabilities
IRS990ScheduleD/OtherRevenues0330079
IRS990ScheduleD/RevenueNotRptdF9900330079
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal01346602
IRS990ScheduleD/TotalBookValueOtherAssets0283772
IRS990ScheduleD/TotalExpensesPerForm99001367988
IRS990ScheduleD/TotalOfAmounts07140
IRS990ScheduleD/TotalOfBookValueLandBuildings09755
IRS990ScheduleD/TotalRevenuePerForm99001346602
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01690633
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01676681
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired00
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0Kevin Smith and Mary Eberle have a business relationship.
IRS990ScheduleO/GeneralExplanation/Explanation1Form 990 is reviewed by a director.
IRS990ScheduleO/GeneralExplanation/Explanation2The organization obtains comparable salary ranges, and compensation is reviewed, compared and set by two independent persons.
IRS990ScheduleO/GeneralExplanation/Explanation3The organization's governing documents, conflict of interest policy, and financial statements are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation4Consulting Services : Program service expenses 29,766. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,766. Contract Services : Program service expenses 402,962. Management and general expenses 0. Fundraising expenses 0. Total expenses 402,962.
IRS990ScheduleO/GeneralExplanation/Explanation5The organization has a committee to select the independent auditor and to review the audit of the organization's financial statements. The process for selecting the independent auditor has not changed for the prior year.
IRS990ScheduleO/GeneralExplanation/Identifier0Other Fees
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part IX, line 11g
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine10PO Box 13740
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine11PO Box 13740
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City0RTP
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City1RTP
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State0NC
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State1NC
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode027709
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode127709
IRS990ScheduleR/Form990ScheduleRPartIV/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartIV/ControlledOrg10
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityNA1N/A
IRS990ScheduleR/Form990ScheduleRPartIV/EIN0260111615
IRS990ScheduleR/Form990ScheduleRPartIV/EIN1274181392
IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState0NC
IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState1NC
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine10Rivis Inc
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine11Adamas Nanotechnologies Inc
IRS990ScheduleR/Form990ScheduleRPartIV/PercentageOwnership00.49000
IRS990ScheduleR/Form990ScheduleRPartIV/PercentageOwnership10.56000
IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity0Scientific Research
IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity1Commercializing and Sales of Nanodiamond Products
IRS990ScheduleR/Form990ScheduleRPartIV/ShareOfEOYAssets064278
IRS990ScheduleR/Form990ScheduleRPartIV/ShareOfEOYAssets119957
IRS990ScheduleR/Form990ScheduleRPartIV/ShareOfTotalIncome04302
IRS990ScheduleR/Form990ScheduleRPartIV/ShareOfTotalIncome1-1006
IRS990ScheduleR/Form990ScheduleRPartIV/TypeOfEntity0C
IRS990ScheduleR/Form990ScheduleRPartIV/TypeOfEntity1C
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$767,255
Liabilities
$62,182
Net assets
$705,073
Revenue
-
Expenses
$1,367,988
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.28$0.05$0.23$0.03$0.10$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.34$0.05$0.29$0.05$0.11$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.37$0.02$0.35$0.12$0.16$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.40$0.14$0.18$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.44$0.11$0.15$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.02$0.47$0.11$0.14$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.53$0.02$0.51$0.17$0.19$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.03$0.52$0.18$0.20$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.03$0.54$0.17$0.19$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.05$0.57$0.21$0.24$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.01$0.59$0.35$0.39$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.77$0.03$0.75$1.12$1.07$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.06$0.71$1.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.14$0.73$1.59