Civic Intelligence

Iianc Education Foundation Inc.

990 • Fiscal year 2020 • EIN 58-1311077

Sep 01, 2019 to Aug 31, 2020 • Filed on May 18, 2021

PO Box 1165Cary, NC 27512-1165

(919) 828-4371

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

91st percentile

50%

Higher net margin than 91% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

79th percentile

41%

Faster asset growth than 79% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

487%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,050,811

Up $306,751 (+41%) from 2019

Net Assets

Up

$1,039,690

Up $299,735 (+41%) from 2019

Liabilities

Up

$11,121

Up $7,016 (+171%) from 2019

Revenue

Up

$600,000

Up $497,865 (+487%) from 2019

Expenses

Down

$300,265

Down $17,210 (-5.4%) from 2019

Net Income

Up

$299,735

Up $515,075 (+239%) 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$0Assets 2011: $172,427Liabilities 2011: $12,7302011Assets 2012: $143,898Liabilities 2012: $1,2672012Assets 2013: $149,361Liabilities 2013: $3,4952013Assets 2014: $171,746Liabilities 2014: $9,8112014Assets 2015: $343,378Liabilities 2015: $15,550Net Assets 2015: $327,8282015Assets 2016: $438,640Liabilities 2016: $160Net Assets 2016: $438,4802016Assets 2017: $602,423Liabilities 2017: $0Net Assets 2017: $602,4232017Assets 2018: $958,389Liabilities 2018: $3,094Net Assets 2018: $955,2952018Assets 2019: $744,060Liabilities 2019: $4,105Net Assets 2019: $739,9552019Assets 2020: $1,050,811Liabilities 2020: $11,121Net Assets 2020: $1,039,6902020Assets 2021: $1,661,500Liabilities 2021: $36,490Net Assets 2021: $1,625,0102021Assets 2022: $1,823,890Liabilities 2022: $9,887Net Assets 2022: $1,814,0032022Assets 2023: $2,600,679Liabilities 2023: $24,660Net Assets 2023: $2,576,0192023Assets 2024: $3,030,460Liabilities 2024: $130,200Net Assets 2024: $2,900,2602024Assets 2025: $1,850,325Liabilities 2025: $105,744Net Assets 2025: $1,744,5812025

Highlighted filing

2020

Assets$1,050,811
Liabilities$11,121
Net Assets$1,039,690

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $109,422Expenses 2011: $27,024Net Income 2011: $82,3982011Revenue 2012: $51,531Expenses 2012: $68,597Net Income 2012: -$17,0662012Revenue 2013: $70,040Expenses 2013: $66,805Net Income 2013: $3,2352013Revenue 2014: $61,126Expenses 2014: $45,057Net Income 2014: $16,0692014Revenue 2015: $208,748Expenses 2015: $42,856Net Income 2015: $165,8922015Revenue 2016: $220,079Expenses 2016: $109,427Net Income 2016: $110,6522016Revenue 2017: $390,080Expenses 2017: $226,137Net Income 2017: $163,9432017Revenue 2018: $610,000Expenses 2018: $257,128Net Income 2018: $352,8722018Revenue 2019: $102,135Expenses 2019: $317,475Net Income 2019: -$215,3402019Revenue 2020: $600,000Expenses 2020: $300,265Net Income 2020: $299,7352020Revenue 2021: $800,000Expenses 2021: $214,680Net Income 2021: $585,3202021Revenue 2022: $750,000Expenses 2022: $561,007Net Income 2022: $188,9932022Revenue 2023: $1,400,000Expenses 2023: $637,984Net Income 2023: $762,0162023Revenue 2024: $1,251,712Expenses 2024: $942,906Net Income 2024: $308,8062024Revenue 2025: $178,550Expenses 2025: $1,339,304Net Income 2025: -$1,160,7542025

Highlighted filing

2020

Revenue$600,000
Expenses$300,265
Net Income$299,735
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
May 18, 2021
Return Version
2019v5.2
Gross Receipts
$600,000
Mission and Program Overview

Mission

To promote and develop education in the insurance industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$744,060$550,811▼ $193,249
Pledges and Grants Receivable-$500,000-
Total Assets$744,060$1,050,811▲ $306,751
Liabilities
Accounts Payable and Accrued Expenses$4,105$11,121▲ $7,016
Total Liabilities$4,105$11,121▲ $7,016
Net Assets / Fund Balance
Net Assets With Donor Restrictions$739,955$1,039,690▲ $299,735
Total Net Assets Fund Balance$739,955$1,039,690▲ $299,735
Total Liabilities and Net Assets / Fund Balance$744,060$1,050,811▲ $306,751
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas S MarshallChairman
Lorianne W MorrisVice Chairman
Aubie W Knight JrChief Executive Officer
Brad FaulknerChief Financial Officer
J Monty Ross JrMember
James R MozingoMember
Jessica MedlinMember
Laura M FalangaMember
Neil T AnnasMember
Ray Tedder JrMember
Robert S MciverSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$600,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$600,000
Change in Net Assets
$299,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,243
Other Expenses$22
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,243--$300,243
Other Expenses-$22-$22
Total Functional Expenses$300,243$22$0$300,265
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Independent Insurance Agents of NcCary, NC-Scholarships and Insurance Education Events.$228,368
Appalachian State University Foundation IncBoone, NC-Travel Expense Reimbursement and Student Professional Development.$17,755
Foundation of the University of North Carolina at CharlotteCharlotte, NC-Reimbursement for Travel Expenses to Insurance Conferences.$11,350
East Carolina University Rmi ProgramGreenville, NC-Reimbursement for Travel Expenses to Insurance Conferences.$6,740
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
Audit committee
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The iianc education foundation, inc's board of directors reviews and approves the form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

The governing documents and finacial statements are made available upon request & on the iianc.com website.

Filing and Contact Details

Filer

Filer Name
Iianc Education Foundation Inc
EIN
58-1311077
Phone
9198284371
Address
PO BOX 1165, CARY, NC 27512-1165

Signing Officer

Name
Thomas S Marshall
Title
Chairman
Phone
7045341558
Signed
2021-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas S Marshall
Formed
1977
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Koonce Wooten & Haywood Llp
Address
P O BOX 17806, RALEIGH, NC 27619-7806
Preparer
David Boyce
Phone
9197829265
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

It is the foundation's policy to evaluate all tax positions to identify those that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likley-than-not" threshold to determine if the benefit of any uncertain tax position should be recognized in the financial statements. Any changes in the amount of a tax position are recognized in the period the change occurs.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MANAGEMENT REVIEWS THE SUPPORTING ORGANZIATION'S FORM 990.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE BOARD OF DIRECTORS APPROVES ALL DISBURSEMENTS TO THE SUPPORTING ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C:
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE FOUNDATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKLEY-THAN-NOT" THRESHOLD TO DETERMINE IF THE BENEFIT OF ANY UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION ARE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt017755
IRS990ScheduleI/RecipientTable/CashGrantAmt1228368
IRS990ScheduleI/RecipientTable/CashGrantAmt211350
IRS990ScheduleI/RecipientTable/CashGrantAmt36740
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRAVEL EXPENSE REIMBURSEMENT AND STUDENT PROFESSIONAL DEVELOPMENT.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIPS AND INSURANCE EDUCATION EVENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2REIMBURSEMENT FOR TRAVEL EXPENSES TO INSURANCE CONFERENCES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3REIMBURSEMENT FOR TRAVEL EXPENSES TO INSURANCE CONFERENCES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0APPALACHIAN STATE UNIVERSITY FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1INDEPENDENT INSURANCE AGENTS OF NC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3EAST CAROLINA UNIVERSITY RMI PROGRAM
IRS990ScheduleI/RecipientTable/RecipientEIN0237099379
IRS990ScheduleI/RecipientTable/RecipientEIN1560340370
IRS990ScheduleI/RecipientTable/RecipientEIN2566059417
IRS990ScheduleI/RecipientTable/RecipientEIN3566093187
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0ASU BOX 32058
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1101 WESTON OAKS COURT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt29201 UNIVERSITY CITY BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt33421 BATE BUILDING
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BOONE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CARY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3GREENVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0286082058
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd127513
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd228223
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd327858
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE IIANC EDUCATION FOUNDATION, INC'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS AND FINACIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST & ON THE IIANC.COM WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INDEPENDENT INSURANCE AGENTS OF NORTH CAROLINA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560340370
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO BE AN ADVOCATE FOR INDEPENDENT INSURANCE AGENTS IN NORTH CAROLINA.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CARY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0228368
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0INDEPENDENT INSURANCE AGENTS OF NORTH CAROLINA INC
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01050811
IRS990/TotalAssetsGrp/BOYAmt0744060
IRS990/TotalAssetsGrp/EOYAmt01050811
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0600000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0300243
IRS990/TotalFunctionalExpensesGrp/TotalAmt0300265
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt04105
IRS990/TotalLiabilitiesGrp/EOYAmt011121
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0739955
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01039690
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0300243
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0600000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0744060
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01050811
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03800 SEDGEWOOD CIRCLE
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028211
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS S MARSHALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07045341558

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.$1.85$0.11$1.74$0.18$1.34$1.16
2024Detailed filing. Detailed filing data is available for this year.$3.03$0.13$2.90$1.25$0.94$0.31
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.02$2.58$1.40$0.64$0.76
2022Detailed filing. Detailed filing data is available for this year.$1.82$0.01$1.81$0.75$0.56$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.04$1.63$0.80$0.21$0.59
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.04$0.60$0.30$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.10$0.32$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.61$0.26$0.35
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.39$0.23$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.22$0.11$0.11
2015Summary only. Only limited summary data is available for this year.$0.34$0.02$0.33$0.21$0.04$0.17
2014Summary only. Only limited summary data is available for this year.$0.17$0.01$0.06$0.05$0.02
2013Summary only. Only limited summary data is available for this year.$0.15$0.00$0.07$0.07$0.00
2012Summary only. Only limited summary data is available for this year.$0.14$0.00$0.05$0.07$0.02
2011Summary only. Only limited summary data is available for this year.$0.17$0.01$0.11$0.03$0.08