Civic Intelligence

National Humanities Center

990 • Fiscal year 2014 • EIN 59-1735367

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 12, 2015

7 Tw Alexander DriveSuiteResearch Triangle Park, NC 27709-2256

(919) 549-0661

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.02x

Higher debt load relative to revenue than 6% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

91st percentile

53%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

38th percentile

$267,284

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

88th percentile

44%

Faster revenue growth than 88% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$80,907,969

Up $14,874,733 (+23%) from 2012

Net Assets

Up

$80,687,303

Up $14,836,490 (+23%) from 2012

Liabilities

Up

$220,666

Up $38,243 (+21%) from 2012

Revenue

$11,429,878

No earlier filing loaded for comparison.

Expenses

Up

$5,386,429

Up $54,632 (+1.0%) from 2012

Net Income

$6,043,449

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2012: $66,033,236Liabilities 2012: $182,423Net Assets 2012: $65,850,8132012Assets 2014: $80,907,969Liabilities 2014: $220,666Net Assets 2014: $80,687,3032014Assets 2015: $77,045,605Liabilities 2015: $1,074,131Net Assets 2015: $75,971,4742015Assets 2016: $72,298,261Liabilities 2016: $1,602,659Net Assets 2016: $70,695,6022016Assets 2017: $76,464,236Liabilities 2017: $1,066,495Net Assets 2017: $75,397,7412017Assets 2018: $78,949,756Liabilities 2018: $646,422Net Assets 2018: $78,303,3342018Assets 2020: $78,095,893Liabilities 2020: $757,517Net Assets 2020: $77,338,3762020Assets 2021: $96,326,647Liabilities 2021: $349,856Net Assets 2021: $95,976,7912021Assets 2022: $81,630,091Liabilities 2022: $517,563Net Assets 2022: $81,112,5282022Assets 2024: $91,105,664Liabilities 2024: $640,481Net Assets 2024: $90,465,1832024

Highlighted filing

2014

Assets$80,907,969
Liabilities$220,666
Net Assets$80,687,303

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $5,331,7972012Revenue 2014: $11,429,878Expenses 2014: $5,386,429Net Income 2014: $6,043,4492014Revenue 2015: $6,395,902Expenses 2015: $5,832,860Net Income 2015: $563,0422015Revenue 2016: $5,855,358Expenses 2016: $5,496,820Net Income 2016: $358,5382016Revenue 2017: $5,214,839Expenses 2017: $5,231,657Net Income 2017: -$16,8182017Revenue 2018: $12,871,262Expenses 2018: $5,025,755Net Income 2018: $7,845,5072018Revenue 2020: $2,981,958Expenses 2020: $5,412,802Net Income 2020: -$2,430,8442020Revenue 2021: $7,434,600Expenses 2021: $5,415,870Net Income 2021: $2,018,7302021Revenue 2022: $12,139,201Expenses 2022: $6,099,615Net Income 2022: $6,039,5862022Revenue 2024: $5,894,952Expenses 2024: $7,390,968Net Income 2024: -$1,496,0162024

Highlighted filing

2014

Revenue$11,429,878
Expenses$5,386,429
Net Income$6,043,449
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 12, 2015
Return Version
2013v4.0
Gross Receipts
$11,773,688
Mission and Program Overview

Mission

The national humanities center is the worlds only independent institute dedicated exclusively to advanced study in all areas of the humanities. Through its residential fellowship program, the center provides scholars with the resources necessary to generate new knowledge and to further understanding of all forms of cultural expression, social interaction, and human thought. Through its education programs, the center strengthens teaching on the collegiate and pre-collegiate levels. Through public engagement intimately linked to its scholarly and educational programs, the center promotes understanding of the humanities and advocates for their foundational role in a democratic society.

The national humanities center seeks to ensure the continuing strength of the liberal arts and to affirm the importance of the humanities by encouraging the exchange of ideas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$69,689,050$78,133,080▲ $8,444,030
Pledges and Grants Receivable$1,828,088$1,300,438▼ $527,650
Land, Buildings, and Equipment, Net$625,873$672,149▲ $46,276
Investments Other Securities$708,670$584,841▼ $123,829
Savings and Temporary Cash Investments$544,051$191,409▼ $352,642
Prepaid Expenses and Deferred Charges$24,822$23,352▼ $1,470
Accounts Receivable$2,701$2,700▼ $1
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$73,423,255$80,907,969▲ $7,484,714
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$167,284$200,380▲ $33,096
Other Liabilities$23,908$20,286▼ $3,622
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$191,192$220,666▲ $29,474
Net Assets / Fund Balance
Permanently Rstr Net Assets$49,789,071$52,163,379▲ $2,374,308
Temporarily Rstr Net Assets$22,500,387$27,597,363▲ $5,096,976
Unrestricted Net Assets$942,605$926,561▼ $16,044
Total Net Assets Fund Balance$73,232,063$80,687,303▲ $7,455,240
Total Liabilities and Net Assets / Fund Balance$73,423,255$80,907,969▲ $7,484,714

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$2,204,490$2,204,490
Other Land Buildings$37,734$993,275$1,031,009
Leasehold Improvements$580,467$323,748$904,215
Equipment$53,948$26,910$80,858

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$70,150,785$2,533,226▲ $8,692,005$1,701,863$77,964,516
2013$62,779,286$3,196,225▲ $7,522,066$1,643,322$70,150,785
2012$64,557,615$1,097,429▲ $159,582$1,409,590$62,779,286
2011$56,053,708$1,137,020▲ $10,221,887$1,419,200$64,557,615
2010$50,495,912$806,600▲ $7,594,196$1,807,200$56,053,708
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Geoffrey G HarphamPresident & DirectorFT$221,031$46,253$267,284
Richard R SchrammVP for Education ProgramsFT$114,344-$114,344
Stephanie TuckerChief Financial OfficerFT$108,497-$108,497
Carol B VorhausDirector of DevelopmentFT$107,831-$107,831
Elizabeth C MansfieldVP for Scholarly ProgramsFT$106,421-$106,421
Richard H BrodheadTrustee--$36,399$36,399
Lawrence R RicciardiTreasurer--$24,808$24,808
James H AverillAudit Chair--$20,846$20,846
John F AdamsSecretary--$13,147$13,147
Revenue and Support

Revenue Composition

Contributions and Grants
$4,113,521
Program Service Revenue
$0
Investment Income
$7,275,932
Other Revenue
$40,425
All Other Contributions
$4,113,521
Change in Net Assets
$6,043,449

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$325,904Fair Market Value
Total Noncash Contributions12$325,904-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,429,878
Revenue Not Reported on Form 990
$1,427,607
Total Revenue per Audited Statements
$12,857,485
Total Revenue per Form 990
$11,429,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,421,349
Grants and Similar Amounts Paid$1,675,137
Other Expenses$1,289,943
Total Fundraising Expense$408,716
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,675,137--$1,675,137
Other Salaries and Wages$1,198,456$111,936$233,884$1,544,276
Current Officers, Directors, Trustees, and Key Employees$666,143$111,389$99,541$877,073
Travel$258,703$5,226$3,612$267,541
Occupancy$190,880$26,019$8,878$225,777
Fees for Services Other$72,716$78,283$21,444$172,443
Conferences and Meetings$127,305$0$0$127,305
Office Expenses$51,119$4,634$18,562$74,315
All Other Expenses$58,941$2,538$7,954$69,433
Depreciation Depletion$51,214$5,956$2,382$59,552
Information Technology$29,558$2,395$8,578$40,531
Other Expenses$26,069$1,104$2,603$29,776
Insurance$15,683$4,429$1,239$21,351
Interest$0$3,153$0$3,153
Advertising$555$0$0$555
Total Functional Expenses$4,464,102$513,611$408,716$5,386,429

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,402,245
Expenses per Audited Statements$5,386,429
Total Expenses per Form 990$5,386,429
Expenses Not Reported on Form 990$15,816
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Payable$20,286
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, PART VI, SECTION B, LINE 11: FORM 990 REVIEW PROCESS

Form 990 is first reviewed by the chief financial officer who is a cpa. The cfo then discusses this information with the audit committee and presents the form 990 to the full board of directors. The board then provides a recommendation to either accept or make changes to the draft form 990. The final signed form 990 is then sent to the full board.

FORM 990, PART VI, SECTION B, LINE 12C: CONFLICT OF INTEREST POLICY

The center has a written conflict of interest policy that is provided to employees annually. Officers, trustees, and employees are required to verbally disclose any interests that could give rise to conflicts. These interests are discussed during board meetings.

FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION

Compensation for senior staff is approved by the personnel committee. Compensation for the executive director is decided by the board chair and approved by the personnel committee.

FORM 990, PART VI, SECTION C, LINE 19: DOCUMENTS MADE AVAILABLE TO PUBLIC

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

EIN
59-1735367
In Care Of
% STEPHANIE L TUCKER
Phone
9195490661

Signing Officer

Name
Stephanie L Tucker
Title
Chief Financial Officer
Phone
9195490661
Signed
2015-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie L Tucker
Formed
1976
Legal Domicile
Nc
Voting Board Members
38
Independent Board Members
38
Employees
31
Volunteers
38

Preparer

Preparer
Ronald A Batchelor
Phone
9195490661
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1: DESCRIPTION OF ORGANIZATION'S MISSION

In the center's beautiful open spaces - and increasingly in the vaster spaces of electronic communication - scholars work together in a shared mission to seek a greater understanding of the human condition and infuse american life with the humanities's vital message.

FORM 990, PART V, LINE 2B: FILING REQUIRED FEDERAL EMPLOYMENT FORMS

The center leases employees from a third party administrator. This company is responsible for filing all applicable federal employment tax returns for the organization's compensation.

FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT

The audit committee of the board of trustees evaluates the audting firm annually and makes recommendations for the selection of current year auditors for the board to approve.

Financial Statement Notes

SCHEDULE D, PART V, LINE 4: USE OF ENDOWMENT FUNDS

Endowment funds are used to support the various programs of the center including fellowships, public programs, education and general operations.

SCHEDULE D, PART X, LINE 2: UNCERTAIN TAX POSITIONS

Management of the center does not believe the financial statements include any uncertain tax positions. Tax years ended june 30, 2011 to june 30, 2014 remain open for examination by taxing authorities as of the date of this report.

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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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