Civic Intelligence

Albany Tech Foundation Inc.

990 • Fiscal year 2015 • EIN 58-1772686

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 10, 2016

Organization ProfileWWW.ALBANYTECH.EDU
1704 South Slappey BlvdAlbany, GA 31701

(229) 883-1314

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

91st percentile

46%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

24th percentile

-4.6%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

50th percentile

3.3%

Faster revenue growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$2,606,289

Down $125,990 (-4.6%) from 2014

Net Assets

Up

$2,606,289

Up $359 (+0.0%) from 2014

Liabilities

Down

$0

Down $126,349 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin91st percentile

Revenue

Up

$220,359

Up $7,019 (+3.3%) from 2014

Expenses

Down

$118,530

Down $20,408 (-15%) from 2014

Net Income

Up

$101,829

Up $27,427 (+37%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,227,859Liabilities 2011: $536,492Net Assets 2011: $1,691,3672011Assets 2012: $2,742,501Liabilities 2012: $403,600Net Assets 2012: $2,338,9012012Assets 2013: $2,733,822Liabilities 2013: $199,933Net Assets 2013: $2,533,8892013Assets 2014: $2,732,279Liabilities 2014: $126,349Net Assets 2014: $2,605,9302014Assets 2015: $2,606,289Liabilities 2015: $0Net Assets 2015: $2,606,2892015Assets 2016: $2,706,879Liabilities 2016: $0Net Assets 2016: $2,706,8792016Assets 2017: $2,718,275Liabilities 2017: $0Net Assets 2017: $2,718,2752017Assets 2018: $2,685,172Liabilities 2018: $0Net Assets 2018: $2,685,1722018Assets 2019: $2,726,928Liabilities 2019: $0Net Assets 2019: $2,726,9282019Assets 2022: $2,839,798Liabilities 2022: $0Net Assets 2022: $2,839,7982022

Highlighted filing

2015

Assets$2,606,289
Liabilities$0
Net Assets$2,606,289
Open 2015 Filing

Operations Trend

Revenue Growth50th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $157,721Expenses 2011: $704,147Net Income 2011: -$546,4262011Expenses 2012: $158,9832012Expenses 2013: $221,7412013Revenue 2014: $213,340Expenses 2014: $138,938Net Income 2014: $74,4022014Revenue 2015: $220,359Expenses 2015: $118,530Net Income 2015: $101,8292015Revenue 2016: $110,917Expenses 2016: $101,639Net Income 2016: $9,2782016Revenue 2017: $122,643Expenses 2017: $120,140Net Income 2017: $2,5032017Revenue 2018: $52,338Expenses 2018: $114,870Net Income 2018: -$62,5322018Revenue 2019: $178,934Expenses 2019: $137,178Net Income 2019: $41,7562019Revenue 2022: $298,338Expenses 2022: $131,908Net Income 2022: $166,4302022

Highlighted filing

2015

Revenue$220,359
Expenses$118,530
Net Income$101,829
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$220,359
Mission and Program Overview

Mission

Promote higher education and administer cash, grants, and other funds and property in order to assist students at albany technical college by endowments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,867,449$1,794,411▼ $73,038
Savings and Temporary Cash Investments$678,672$616,756▼ $61,916
Investments in Publicly Traded Securities$185,159$192,263▲ $7,104
Accounts Receivable-$2,859-
Cash and Non-Interest-Bearing Accounts$500--
Inventories for Sale or Use$500--
Total Assets$2,732,280$2,606,289▼ $125,991
Liabilities
Mortgage Notes Payable Secured by Investment Property$126,349--
Total Liabilities$126,349$0▼ $126,349
Net Assets / Fund Balance
Unrestricted Net Assets$2,171,726$2,120,736▼ $50,990
Permanently Rstr Net Assets$360,000$480,000▲ $120,000
Temporarily Rstr Net Assets$74,205$5,553▼ $68,652
Total Net Assets Fund Balance$2,605,931$2,606,289▲ $358
Total Liabilities and Net Assets / Fund Balance$2,732,280$2,606,289▼ $125,991

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,315,249$254,158$1,569,407
Leasehold Improvements$459,162$129,365$588,527
Land$20,000-$20,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Mike ClarkChair
Alfredia Hampton-
Glenn Singfield-
Jeanette Mcdowell-
Jim Wilcox-
Joe James-
Katrina Baranko-
Kirt Phillips-
Lem Griffin-
Nathaniel Williams-
Ronnie Hinson-
Suzanna Macintosh-
Willie Adams-
C W GrantSecretary
Cathi JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$88,918
Program Service Revenue
$0
Investment Income
$4,002
Other Revenue
$127,439
All Other Contributions
$28,918
Change in Net Assets
$101,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$220,359
Revenue Not Reported on Form 990
$313
Total Revenue per Audited Statements
$220,672
Total Revenue per Form 990
$220,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,530
Total Fundraising Expense$5,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$73,038--$73,038
Fees for Services Management-$8,617-$8,617
Fees for Services Accounting-$4,250-$4,250
Insurance$2,110$2,110-$4,220
Interest-$1,510-$1,510
Other Expenses$205-$5,815$205
All Other Expenses-$14-$14
Total Functional Expenses$96,214$16,501$5,815$118,530

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$118,530
Total Expenses per Audited Statements$118,530
Total Expenses per Form 990$118,530
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,580
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$24,580$24,580-$24,580
Total Events$24,580$24,580-$24,580
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The return is reviewed by the members at a board meeting. If corrections are required, the board approves filing pending verification by the finance committee and executive director that the corrections were made.”

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

“To enforce the conflict of interest policy, the organization uses blind voting with any proposals. It is also encouraged that those members do not voice opinions when a conflict situation arises.”

Form 990, Page 6, Part VI, Line 19

“The organization's documents are made available by request.”

Filing and Contact Details

Filer

Filer Name
Albany Tech Foundation Inc
EIN
58-1772686
Phone
2298831314
Address
1704 SOUTH SLAPPEY BLVD, ALBANY, GA 31701
Doing Business As
Albany Tech Foundation Inc

Signing Officer

Name
Glenn Singfield
Title
Chair
Phone
2298831314
Signed
2016-02-10

Organization Details

Principal Officer
Glenn Singfield
Formed
1987
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Clenney Powell & Rentz Cpas
Address
611 N JEFFERSON ST, ALBANY, GA 31701
Preparer
William M Luke CPA
Phone
2298831314
Supplemental Narrative

Additional Explanations

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

“DEPRECIATION EXPENSE”

Form 990, Part XI, Line 9

“Net assets released from restrictions 68,795”

Raw XML Appendix396 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.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0101728
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0182395
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0197134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0197134
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0782393
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0131441
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/PublicSupportCY170Pct00.34690
IRS990ScheduleA/PublicSupportPY170Pct00.36320
IRS990ScheduleA/PublicSupportTotal170Amt0415591
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt088918
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0121960
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0160307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt017657
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026749
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0415591
IRS990ScheduleA/TotalSupportAmt01197984
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01315249
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0254158
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01569407
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0118530
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0459162
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0129365
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0588527
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0313
IRS990ScheduleD/RevenueNotReportedAmt0313
IRS990ScheduleD/RevenueSubtotalAmt0220359
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01794411
IRS990ScheduleD/TotalExpensesPerForm990Amt0118530
IRS990ScheduleD/TotalRevenuePerForm990Amt0220359
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0220672
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0118530
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt024580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt024580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt024580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt024580
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt024580
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEPRECIATION EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED BY THE MEMBERS AT A BOARD MEETING. IF CORRECTIONS ARE REQUIRED, THE BOARD APPROVES FILING PENDING VERIFICATION BY THE FINANCE COMMITTEE AND EXECUTIVE DIRECTOR THAT THE CORRECTIONS WERE MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO ENFORCE THE CONFLICT OF INTEREST POLICY, THE ORGANIZATION USES BLIND VOTING WITH ANY PROPOSALS. IT IS ALSO ENCOURAGED THAT THOSE MEMBERS DO NOT VOICE OPINIONS WHEN A CONFLICT SITUATION ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S DOCUMENTS ARE MADE AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NET ASSETS RELEASED FROM RESTRICTIONS 68,795
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt074205
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05553
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02732280
IRS990/TotalAssetsEOYAmt02606289
IRS990/TotalAssetsGrp/BOYAmt02732280
IRS990/TotalAssetsGrp/EOYAmt02606289
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt088918
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05815
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016501
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt096214
IRS990/TotalFunctionalExpensesGrp/TotalAmt0118530
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0126349
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0126349
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02605931
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02606289
IRS990/TotalOtherProgSrvcExpenseAmt073038
IRS990/TotalProgramServiceExpensesAmt096214
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0106861
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0220359
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02732280
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02606289
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02171726
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02120736
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01704 SOUTH SLAPPEY BLVD
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031701
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.ALBANYTECH.EDU
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN SINGFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02298831314
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBANY TECH FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBA
ReturnHeader/Filer/EIN0581772686
ReturnHeader/Filer/PhoneNum02298831314
ReturnHeader/Filer/USAddress/AddressLine1Txt01704 SOUTH SLAPPEY BLVD
ReturnHeader/Filer/USAddress/CityNm0ALBANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd031701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582287360
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLENNEY POWELL & RENTZ CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0611 N JEFFERSON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd031701
ReturnHeader/PreparerPersonGrp/PhoneNum02298831314
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM M LUKE CPA
ReturnHeader/ReturnTs02016-02-10T13:20:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,606,289
Liabilities
$0
Net assets
$2,606,289
Revenue
$220,359
Expenses
$118,530
Net income
$101,829
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$0.30$0.13$0.17
2019Summary only. Only limited summary data is available for this year.$2.73$0.00$2.73$0.18$0.14$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.05$0.11$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$0.12$0.12$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$0.11$0.10$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$0.22$0.12$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.73$0.13$2.61$0.21$0.14$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.20$2.53$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.40$2.34$0.16
2011Summary only. Only limited summary data is available for this year.$2.23$0.54$1.69$0.16$0.70$0.55
Peer Organizations

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