Civic Intelligence

Albany Tech Foundation Inc.

990 • Fiscal year 2016 • EIN 58-1772686

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 18, 2017

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

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

66th percentile

8.4%

Higher net margin than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

59th percentile

3.9%

Faster asset growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-50%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,706,879

Up $100,590 (+3.9%) from 2015

Net Assets

Up

$2,706,879

Up $100,590 (+3.9%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin66th percentile

Revenue

Down

$110,917

Down $109,442 (-50%) from 2015

Expenses

Down

$101,639

Down $16,891 (-14%) from 2015

Net Income

Down

$9,278

Down $92,551 (-91%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2016

Assets$2,706,879
Liabilities$0
Net Assets$2,706,879
Open 2016 Filing

Operations Trend

Revenue Growth6th 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

2016

Revenue$110,917
Expenses$101,639
Net Income$9,278
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 18, 2017
Return Version
2015v3.0
Gross Receipts
$110,917
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$1,794,411$1,723,558▼ $70,853
Savings and Temporary Cash Investments$732,743$809,628▲ $76,885
Investments in Publicly Traded Securities$192,263$173,693▼ $18,570
Accounts Receivable$2,859--
Total Assets$2,722,276$2,706,879▼ $15,397
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,236,723$2,167,688▼ $69,035
Permanently Rstr Net Assets$480,000$480,000→ $0
Temporarily Rstr Net Assets$5,553$59,191▲ $53,638
Total Net Assets Fund Balance$2,722,276$2,706,879▼ $15,397
Total Liabilities and Net Assets / Fund Balance$2,722,276$2,706,879▼ $15,397

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$428,551$159,976$588,527
Land$20,000-$20,000
Buildings$1,275,007$294,400-
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Glenn SingfieldBoard Chair
Alfredia HamptonBoard Member
C W GrantBoard Member
Cathi JonesBoard Member
Jeanette McdowellBoard Member
Jim WilcoxBoard Member
Joe JamesBoard Member
Joey MagaddinoBoard Member
Kirt PhillipsBoard Member
Lem GriffinBoard Member
Mike ClarkBoard Member
Ronnie HinsonBoard Member
Suzanna MacintoshBoard Member
Willie AdamsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$73,764
Program Service Revenue
$0
Investment Income
$6,273
Other Revenue
$30,880
All Other Contributions
$65,764
Change in Net Assets
$9,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$110,917
Revenue Not Reported on Form 990
$-24,675
Total Revenue per Audited Statements
$86,242
Total Revenue per Form 990
$110,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$101,639
Total Fundraising Expense$5,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$70,853--$70,853
Fees for Services Management-$8,452-$8,452
Fees for Services Accounting-$4,000-$4,000
Other Expenses$1,998-$5,169$1,998
Insurance$624$624-$1,248
All Other Expenses-$20-$20
Total Functional Expenses$83,374$13,096$5,169$101,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$101,639
Total Expenses per Audited Statements$101,639
Total Expenses per Form 990$101,639
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,880
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$30,880$30,880-$30,880
Total Events$30,880$30,880-$30,880
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

“Each committee member does not have the authority to act as one.”

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
Board Chair
Phone
2298831314
Signed
2017-01-18

Organization Details

Principal Officer
Glenn Singfield
Formed
1987
Legal Domicile
Ga
Voting Board Members
16
Independent Board Members
16
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”

Raw XML Appendix397 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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0160307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt017657
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0462606
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06273
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0104002
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0101728
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0182395
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0197134
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0591532
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt030880
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/PublicSupportCY170Pct00.43880
IRS990ScheduleA/PublicSupportPY170Pct00.34690
IRS990ScheduleA/PublicSupportTotal170Amt0462606
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt073764
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt088918
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0121960
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0160307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt017657
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0462606
IRS990ScheduleA/TotalSupportAmt01054138
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01275007
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0294400
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01569407
IRS990ScheduleD/ExpensesSubtotalAmt0101639
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0428551
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0159976
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0588527
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-24675
IRS990ScheduleD/RevenueNotReportedAmt0-24675
IRS990ScheduleD/RevenueSubtotalAmt0110917
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01723558
IRS990ScheduleD/TotalExpensesPerForm990Amt0101639
IRS990ScheduleD/TotalRevenuePerForm990Amt0110917
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt086242
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0101639
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030880
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt030880
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030880
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030880
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030880
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEPRECIATION EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH COMMITTEE MEMBER DOES NOT HAVE THE AUTHORITY TO ACT AS ONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3TO 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/ExplanationTxt4THE ORGANIZATION'S DOCUMENTS ARE MADE AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05553
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt059191
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02722276
IRS990/TotalAssetsEOYAmt02706879
IRS990/TotalAssetsGrp/BOYAmt02722276
IRS990/TotalAssetsGrp/EOYAmt02706879
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt073764
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05169
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013096
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt083374
IRS990/TotalFunctionalExpensesGrp/TotalAmt0101639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02722276
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02706879
IRS990/TotalOtherProgSrvcExpenseAmt070853
IRS990/TotalProgramServiceExpensesAmt083374
IRS990/TotalRevenueGrp/ExclusionAmt06273
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0110917
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02722276
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02706879
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02236723
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02167688
IRS990/USAddress/AddressLine1Txt01704 S SLAPPEY BLVD
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031701
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.ALBANYTECH.EDU
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN SINGFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02298831314
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-18
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/PreparationDt02017-05-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM M LUKE CPA
ReturnHeader/ReturnTs02017-05-26T09:36:02-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,706,879
Liabilities
$0
Net assets
$2,706,879
Revenue
$110,917
Expenses
$101,639
Net income
$9,278
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