Civic Intelligence

Lanier Technical College Foundation Inc.

990 • Fiscal year 2014 • EIN 58-1688866

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

2990 Landrum Education DriveGainesville, GA 30566

(770) 531-6396

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

38th percentile

0.06x

Higher debt load relative to revenue than 38% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

55th percentile

4.5%

Higher net margin than 55% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

64th percentile

6.6%

Faster asset growth than 64% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,234,275

Up $76,318 (+6.6%) from 2013

Net Assets

Up

$1,211,736

Up $66,247 (+5.8%) from 2013

Liabilities

Up

$22,539

Up $10,071 (+81%) from 2013

Revenue

Down

$374,186

Down $165,196 (-31%) from 2013

Expenses

Down

$357,411

Down $146,100 (-29%) from 2013

Net Income

Down

$16,775

Down $19,096 (-53%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,091,044Liabilities 2010: $14,903Net Assets 2010: $1,076,1412010Assets 2011: $1,164,262Liabilities 2011: $12,743Net Assets 2011: $1,151,5192011Assets 2012: $1,127,021Liabilities 2012: $40,173Net Assets 2012: $1,086,8482012Assets 2013: $1,157,957Liabilities 2013: $12,468Net Assets 2013: $1,145,4892013Assets 2014: $1,234,275Liabilities 2014: $22,539Net Assets 2014: $1,211,7362014Assets 2015: $1,646,360Liabilities 2015: $3,351Net Assets 2015: $1,643,0092015Assets 2016: $1,750,972Liabilities 2016: $585Net Assets 2016: $1,750,3872016Assets 2017: $2,021,923Liabilities 2017: $0Net Assets 2017: $2,021,9232017Assets 2018: $5,245,274Liabilities 2018: $12,109Net Assets 2018: $5,233,1652018Assets 2019: $5,198,726Liabilities 2019: $2,000Net Assets 2019: $5,196,7262019Assets 2020: $4,752,438Liabilities 2020: $0Net Assets 2020: $4,752,4382020Assets 2021: $5,323,750Liabilities 2021: $0Net Assets 2021: $5,323,7502021Assets 2022: $4,728,408Liabilities 2022: $0Net Assets 2022: $4,728,4082022Assets 2023: $4,999,325Liabilities 2023: $0Net Assets 2023: $4,999,3252023Assets 2024: $5,465,168Liabilities 2024: $0Net Assets 2024: $5,465,1682024Assets 2025: $5,833,969Liabilities 2025: $0Net Assets 2025: $5,833,9692025

Highlighted filing

2014

Assets$1,234,275
Liabilities$22,539
Net Assets$1,211,736

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $829,8312010Revenue 2011: $467,356Expenses 2011: $424,053Net Income 2011: $43,3032011Expenses 2012: $456,5312012Revenue 2013: $539,382Expenses 2013: $503,511Net Income 2013: $35,8712013Revenue 2014: $374,186Expenses 2014: $357,411Net Income 2014: $16,7752014Revenue 2015: $963,776Expenses 2015: $537,404Net Income 2015: $426,3722015Revenue 2016: $575,154Expenses 2016: $453,850Net Income 2016: $121,3042016Revenue 2017: $986,715Expenses 2017: $823,123Net Income 2017: $163,5922017Revenue 2018: $4,049,144Expenses 2018: $921,117Net Income 2018: $3,128,0272018Revenue 2019: $530,867Expenses 2019: $635,573Net Income 2019: -$104,7062019Revenue 2020: $160,106Expenses 2020: $621,870Net Income 2020: -$461,7642020Revenue 2021: $669,812Expenses 2021: $430,339Net Income 2021: $239,4732021Revenue 2022: $230,619Expenses 2022: $496,382Net Income 2022: -$265,7632022Revenue 2023: $314,724Expenses 2023: $207,988Net Income 2023: $106,7362023Revenue 2024: $681,688Expenses 2024: $496,685Net Income 2024: $185,0032024Revenue 2025: $500,764Expenses 2025: $372,855Net Income 2025: $127,9092025

Highlighted filing

2014

Revenue$374,186
Expenses$357,411
Net Income$16,775
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$399,008
Mission and Program Overview

Mission

To support lanier technical college by enhancing its image and expanding awareness and opportunities of the college as a workforce development resource

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$383,765$638,809▲ $255,044
Cash and Non-Interest-Bearing Accounts$443,384$382,004▼ $61,380
Savings and Temporary Cash Investments$300,507$206,035▼ $94,472
Accounts Receivable$23,450$5,082▼ $18,368
Pledges and Grants Receivable$3,025--
Prepaid Expenses and Deferred Charges$3,826$2,345▼ $1,481
Total Assets$1,157,957$1,234,275▲ $76,318
Liabilities
Accounts Payable and Accrued Expenses$11,508$19,188▲ $7,680
Deferred Revenue-$3,351-
Other Liabilities$960--
Total Liabilities$12,468$22,539▲ $10,071
Net Assets / Fund Balance
Temporarily Rstr Net Assets$697,325$767,914▲ $70,589
Unrestricted Net Assets$357,577$349,707▼ $7,870
Permanently Rstr Net Assets$90,587$94,115▲ $3,528
Total Net Assets Fund Balance$1,145,489$1,211,736▲ $66,247
Total Liabilities and Net Assets / Fund Balance$1,157,957$1,234,275▲ $76,318

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$115,465-▲ $9,325-$124,454
2013$111,067-▲ $4,703-$115,465
2012$108,504-▲ $5,814-$111,067
2011$101,387-▲ $8,867-$108,504
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$226,321
Program Service Revenue
$142,568
Investment Income
$2,149
Other Revenue
$3,148
All Other Contributions
$189,806
Change in Net Assets
$16,775

Audited Revenue Reconciliation

Revenue per Audited Statements
$374,186
Revenue Not Reported on Form 990
$204,039
Total Revenue per Audited Statements
$578,225
Total Revenue per Form 990
$374,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$274,476
Grants and Similar Amounts Paid$82,935
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$193,507--$193,507
Grants to Domestic Individuals$74,942--$74,942
Office Expenses$8,635$3,327-$11,962
Grants to Domestic Orgs$7,993--$7,993
All Other Expenses$6,865$305-$7,170
Other Expenses$8,665$6,739-$6,739
Conferences and Meetings-$4,882-$4,882
Fees for Services Accounting-$4,200-$4,200
Total Functional Expenses$320,489$36,922$0$357,411

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$511,978
Expenses per Audited Statements$357,411
Total Expenses per Form 990$357,411
Expenses Not Reported on Form 990$154,567
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,970
Fundraising Direct Expenses$24,822
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$14,350$14,350$624$13,726
Event 2$13,620$13,620$24,198$-10,578
Total Events$27,970$27,970$24,822$3,148
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is given to the board members for review during their meeting

Form 990, Page 6, Part VI, Line 12C

Lanier technical college foundation, inc. Conflict of interest policy this conflict of interest policy of the lanier technical college foundation, inc.: (1) defines conflicts of interest; (2) identifies classes of individuals within the ltc foundation covered by this policy; (3) facilitates disclosure of information that may help identify conflicts of interest; and (4) specifies procedures to be followed in managing conflicts of interest. 1. Definition of conflicts of interest. A conflict of interest arises when a person in a position of authority over the ltc foundation may benefit financially from a decision he or she could make in that capacity, including indirect benefits such as to family members or businesses with which the person is closely associated. This policy is focused upon material financial interest of, or benefit to, such persons. 2. Individuals covered. Persons covered by this policy are the ltc foundation's officers, trustees, any employee paid by the foundation, such as a ceo or cfo. 3. Facilitation of disclosure. Persons covered by this policy will annually disclose or update to the chairman of the board of trustees on a form provided by the foundation, their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members. 4. Procedures to manage conflicts. For each interest disclosed to the chairman of the board of trustees, the chairman will determine whether to: (a) take no action; (b) assure full disclosure to the board of trustees and other individuals covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position on the foundation or if the person refuses to resign, become subject to possible removal in accordance with the foundation's removal procedures. The foundation's treasurer and/or executive director will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairman of the board of trustees in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred. Presented by gene hart, chair policies and procedures approved march 25, 2009 ltc foundation trustees

Form 990, Page 6, Part VI, Line 15A

NO COMPENSATION PAID

Form 990, Page 6, Part VI, Line 15B

NO COMPENSATION PAID

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

EIN
58-1688866
Phone
7705316396

Signing Officer

Name
Chris Perkins
Title
Executive Director
Phone
7705316396
Signed
2015-05-14

Organization Details

Principal Officer
Chris Perkins
Formed
1985
Legal Domicile
Ga
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
200

Preparer

Preparer
J Chris Hollifield
Phone
7702877800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Scholarships - to solicit funding in support of scholarship opportunities that provide financial assistance to students seeking a post-secondary credential in technical training programs with tuition, books and/or fees.

Form 990, Part XI, Line 9

Fundraising direct expense 24,822 fundraising direct expense -24,822

Form 990, Part XI, Line 9

Prior period adjustment 0

Financial Statement Notes

Schedule D, Page 3, Part X

Income taxes the foundation is exempt from federal income taxes under irc section 501 (c) (3) of the u.s. Internal revenue code. The foundation has been classified as an organization that is not a private foundation under section 509 (a) and qualifies for the charitable contribution deduction under section 170. The foundation implemented the new accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board fasb asc 740, income taxes. The guidance prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of june 30, 2014, the foundation has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. With few exceptions, the foundation is no longer subject to u.s. Federal, state, and local income tax examinations by tax authorities for years before 2008.

Schedule D, Page 4, Part XI, Line 2D

Fundraising direct expense 24,822

Schedule D, Page 4, Part XII, Line 2D

Fundraising direct expense 24,822

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$0.00$5.83$0.50$0.37$0.13
2024Detailed filing. Detailed filing data is available for this year.$5.47$0.00$5.47$0.68$0.50$0.19
2023Detailed filing. Detailed filing data is available for this year.$5.00$0.00$5.00$0.31$0.21$0.11
2022Detailed filing. Detailed filing data is available for this year.$4.73$0.00$4.73$0.23$0.50$0.27
2021Detailed filing. Detailed filing data is available for this year.$5.32$0.00$5.32$0.67$0.43$0.24
2020Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$0.16$0.62$0.46
2019Detailed filing. Detailed filing data is available for this year.$5.20$0.00$5.20$0.53$0.64$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.25$0.01$5.23$4.05$0.92$3.13
2017Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.99$0.82$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.58$0.45$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.64$0.96$0.54$0.43
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.02$1.21$0.37$0.36$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.01$1.15$0.54$0.50$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.04$1.09$0.46
2011Summary only. Only limited summary data is available for this year.$1.16$0.01$1.15$0.47$0.42$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.01$1.08$0.83