Civic Intelligence

Jefferson Center Foundation Ltd.

990 • Fiscal year 2017 • EIN 62-1392982

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 03, 2018

Organization Profilewww.jeffcenter.org

View Organization Page

541 Luck Ave SWRoanoke, VA 24016

(540) 343-2624

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.15x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

12th percentile

-14%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

11th percentile

$91,842

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

25th percentile

-1.0%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-35%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Down

$26,774,627

Down $264,949 (-1.0%) from 2016

Net Assets

Down

$26,447,588

Down $250,289 (-0.9%) from 2016

Liabilities

Down

$327,039

Down $14,660 (-4.3%) from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin12th percentile

Revenue

Down

$2,175,754

Down $1,153,136 (-35%) from 2016

Expenses

Down

$2,477,304

Down $332,624 (-12%) from 2016

Net Income

Down

-$301,550

Down $820,512 (-158%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$30M$20M$10M$0Assets 2011: $26,727,850Liabilities 2011: $249,474Net Assets 2011: $26,478,3762011Assets 2012: $26,433,323Liabilities 2012: $219,533Net Assets 2012: $26,213,7902012Assets 2013: $25,984,757Liabilities 2013: $307,607Net Assets 2013: $25,677,1502013Assets 2014: $25,977,824Liabilities 2014: $363,133Net Assets 2014: $25,614,6912014Assets 2015: $26,592,993Liabilities 2015: $396,587Net Assets 2015: $26,196,4062015Assets 2016: $27,039,576Liabilities 2016: $341,699Net Assets 2016: $26,697,8772016Assets 2017: $26,774,627Liabilities 2017: $327,039Net Assets 2017: $26,447,5882017Assets 2018: $26,134,815Liabilities 2018: $418,355Net Assets 2018: $25,716,4602018Assets 2019: $25,309,433Liabilities 2019: $303,358Net Assets 2019: $25,006,0752019Assets 2020: $24,831,314Liabilities 2020: $397,769Net Assets 2020: $24,433,5452020Assets 2021: $24,446,324Liabilities 2021: $422,895Net Assets 2021: $24,023,4292021Assets 2022: $24,079,593Liabilities 2022: $442,487Net Assets 2022: $23,637,1062022Assets 2023: $23,341,672Liabilities 2023: $237,458Net Assets 2023: $23,104,2142023Assets 2024: $23,342,699Liabilities 2024: $259,080Net Assets 2024: $23,083,6192024Assets 2025: $22,695,493Liabilities 2025: $235,445Net Assets 2025: $22,460,0482025

Highlighted filing

2017

Assets$26,774,627
Liabilities$327,039
Net Assets$26,447,588
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,963,8462011Expenses 2012: $2,105,8932012Revenue 2013: $1,756,923Expenses 2013: $2,315,601Net Income 2013: -$558,6782013Revenue 2014: $2,330,451Expenses 2014: $2,449,885Net Income 2014: -$119,4342014Revenue 2015: $3,105,931Expenses 2015: $2,521,964Net Income 2015: $583,9672015Revenue 2016: $3,328,890Expenses 2016: $2,809,928Net Income 2016: $518,9622016Revenue 2017: $2,175,754Expenses 2017: $2,477,304Net Income 2017: -$301,5502017Revenue 2018: $1,899,222Expenses 2018: $2,466,726Net Income 2018: -$567,5042018Revenue 2019: $1,629,702Expenses 2019: $2,342,854Net Income 2019: -$713,1522019Revenue 2020: $1,621,625Expenses 2020: $2,337,182Net Income 2020: -$715,5572020Revenue 2021: $1,123,866Expenses 2021: $1,713,657Net Income 2021: -$589,7912021Revenue 2022: $2,456,793Expenses 2022: $2,567,584Net Income 2022: -$110,7912022Revenue 2023: $2,366,491Expenses 2023: $2,994,606Net Income 2023: -$628,1152023Revenue 2024: $2,962,046Expenses 2024: $3,177,074Net Income 2024: -$215,0282024Revenue 2025: $2,292,349Expenses 2025: $3,113,450Net Income 2025: -$821,1012025

Highlighted filing

2017

Revenue$2,175,754
Expenses$2,477,304
Net Income-$301,550
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 3, 2018
Return Version
2016v3.0
Gross Receipts
$2,342,343
Mission and Program Overview

Mission

Provide broad access to inspirational performing arts experiences, transformational arts education opportunities, and vibrant community space.

The foundation was organized to manage the renovation and subsequent rental and maintenance of the jefferson high school. The property belongs to the city of roanoke and the foundation's exempt purpose is to raise public funding for renovation of the building such that it can be used to provide affordable office space for other non-profit/city agencies serving the public, as well as becoming a cultural center for the arts and a community center for other organizations to meet.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,739,001$9,449,598▼ $289,403
Pledges and Grants Receivable$1,336,749$950,080▼ $386,669
Investments in Publicly Traded Securities$643,849$859,356▲ $215,507
Cash and Non-Interest-Bearing Accounts$621,328$743,960▲ $122,632
Accounts Receivable$109,444$144,877▲ $35,433
Savings and Temporary Cash Investments$4,060$0▼ $4,060
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$27,039,576$26,774,627▼ $264,949
Other Assets Total$14,585,145$14,626,756▲ $41,611
Liabilities
Accounts Payable and Accrued Expenses$121,101$163,672▲ $42,571
Deferred Revenue$69,275$66,452▼ $2,823
Mortgage Notes Payable Secured by Investment Property$100,000$50,000▼ $50,000
Other Liabilities$51,323$46,915▼ $4,408
Total Liabilities$341,699$327,039▼ $14,660
Net Assets / Fund Balance
Temporarily Rstr Net Assets$16,356,865$15,966,353▼ $390,512
Unrestricted Net Assets$9,691,012$9,831,235▲ $140,223
Permanently Rstr Net Assets$650,000$650,000→ $0
Total Net Assets Fund Balance$26,697,877$26,447,588▼ $250,289
Total Liabilities and Net Assets / Fund Balance$27,039,576$26,774,627▼ $264,949

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,931,023$6,584,580$15,515,603
Equipment$414,365$926,530$1,340,895
Leasehold Improvements$104,210$12,009$116,219
Other Assets Org$62,656--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$643,849$185,683▲ $57,620$27,796$859,356
2015$532,075$142,067▼ $2,161$28,132$643,849
2014$525,223$29,683▲ $5,133$27,964$532,075
2013$443,689$41,143▲ $64,926$24,535$525,223
2012$425,959$22,174▲ $39,107$43,551$443,689
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cyrus E PaceExecutive DirecFT$91,842$91,842

Board Members and Trustees

NameTitle
Thomas T PalmerChairman
David I TenzerFormer Chair
Susan P FrantzVice Chair
Anne JenkinsBoard Member
Bo BlankenshipBoard Member
Carl MillerBoard Member
Kianna Price WadeBoard Member
Marc NelsonBoard Member
Mark S LawrenceBoard Member
Nathan KerrBoard Member
Richard PettitBoard Member
Trista FarrellBoard Member
Paul BonelliSecretary
Charles a WebbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$865,325
Program Service Revenue
$1,283,056
Investment Income
$-7,239
Other Revenue
$34,612
All Other Contributions
$703,125
Change in Net Assets
$-301,550

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,204,548
Revenue Not Reported on Financial Statements
$-28,794
Revenue Not Reported on Form 990
$1,759,921
Other Revenue Adjustments
$-28,794
Total Revenue per Audited Statements
$3,964,469
Total Revenue per Form 990
$2,175,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,564,777
Salaries, Compensation, and Employee Benefits$912,527
Total Fundraising Expense$201,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$506,860$147,972$85,670$740,502
Depreciation Depletion$558,918$17,466$5,821$582,205
All Other Expenses$87,903$-4,704$42,673$125,872
Current Officers, Directors, Trustees, and Key Employees$36,737$36,737$18,368$91,842
Other Expenses$59,871$9,566$1,825$71,262
Advertising$62,261-$172$62,433
Payroll Taxes$40,843$13,916$7,214$61,973
Fees for Services Other$22,791$6,184$22,096$51,071
Insurance$27,786$4,750$4,750$37,286
Other Employee Benefits$9,219$5,548$3,443$18,210
Office Expenses$3,965$5,498$2,454$11,917
Interest-$1,435-$1,435
Total Functional Expenses$2,020,382$255,792$201,130$2,477,304

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,214,758
Expenses per Audited Statements$2,477,304
Total Expenses per Form 990$2,477,304
Expenses Not Reported on Form 990$1,737,454
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,789
Fundraising Direct Expenses$6,903
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$38,537
Rent Collected in Advance$4,533
Payroll Withholdings Payable$3,845
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
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, Part VI, Line 11B: Form 990 Review Process

“The finance committee reviews the Form 990 and reports the results to the full Board.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization conducts annual conflict of interest meetings, where all members can disclose their conflicts. A committee then reviews all the information for propriety.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board of directors considers performance and experience in determining salary for the executive director. The salary must be approved by the chairman of the board of directors, in writing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All documents are provided upon request”

Filing and Contact Details

Filer

Filer Name
Jefferson Center Foundation Ltd
EIN
62-1392982
Phone
5403432624
Address
541 LUCK AVE SW, ROANOKE, VA 24016

Signing Officer

Name
Cyrus E Pace
Title
Executive Director
Signed
2018-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cyrus E Pace
Formed
1989
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
96
Volunteers
175

Preparer

Firm
Foti Flynn Lowen & Co PC
Address
PO Box 12765, Roanoke, VA 24028-2765
Preparer
Frank B Hancock CPA
Phone
5403449246
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The money needs to be held in perpetuity and the income from the funds will be used for maintenance of jefferson center.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Special events expenses shown at gross $6903 loss on disposal of fixed assets $21891”

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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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IRS990/Form990PartVIISectionAGrp/PersonNm11TRISTA FARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm12NATHAN KERR
IRS990/Form990PartVIISectionAGrp/PersonNm13KIANNA PRICE WADE
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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt9FORMER CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
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IRS990/InsuranceGrp/ProgramServicesAmt027786
IRS990/InsuranceGrp/TotalAmt037286
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE FOUNDATION WAS ORGANIZED TO MANAGE THE RENOVATION AND SUBSEQUENT RENTAL AND MAINTENANCE OF THE JEFFERSON HIGH SCHOOL. THE PROPERTY BELONGS TO THE CITY OF ROANOKE AND THE FOUNDATION'S EXEMPT PURPOSE IS TO RAISE PUBLIC FUNDING FOR RENOVATION OF THE BUILDING SUCH THAT IT CAN BE USED TO PROVIDE AFFORDABLE OFFICE SPACE FOR OTHER NON-PROFIT/CITY AGENCIES SERVING THE PUBLIC, AS WELL AS BECOMING A CULTURAL CENTER FOR THE ARTS AND A COMMUNITY CENTER FOR OTHER ORGANIZATIONS TO MEET.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt050000
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03886
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt03965
IRS990/OfficeExpensesGrp/TotalAmt011917
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt014585145
IRS990/OtherAssetsTotalGrp/EOYAmt014626756
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03443
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05548
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09219
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018210
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IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2BUILDING AND GROUNDS
IRS990/OtherExpensesGrp/Desc3TAXES & LICENSES
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IRS990/OtherExpensesGrp/FundraisingAmt11627
IRS990/OtherExpensesGrp/FundraisingAmt21417
IRS990/OtherExpensesGrp/FundraisingAmt31825
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29566
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IRS990/OtherExpensesGrp/ProgramServicesAmt2139521
IRS990/OtherExpensesGrp/ProgramServicesAmt359871
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IRS990/OtherExpensesGrp/TotalAmt1164294
IRS990/OtherExpensesGrp/TotalAmt2145843
IRS990/OtherExpensesGrp/TotalAmt371262
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0506860
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013916
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2143802
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3462271
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION OVERSEES THE SHORT-TERM RENTALS OF VENUES WITHIN THE FACILITY TO OUTSIDE INDIVIDUALS AND ORGANIZATIONS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0200308
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION SERVES AS LANDLORD TO MULTIPLE AREA NON-PROFIT ORGANIZATIONS.
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,774,627
Liabilities
$327,039
Net assets
$26,447,588
Revenue
$2,175,754
Expenses
$2,477,304
Net income
-$301,550
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.7$0.24$22.5$2.29$3.11$0.82
2024Detailed filing. Detailed filing data is available for this year.$23.3$0.26$23.1$2.96$3.18$0.22
2023Detailed filing. Detailed filing data is available for this year.$23.3$0.24$23.1$2.37$2.99$0.63
2022Detailed filing. Detailed filing data is available for this year.$24.1$0.44$23.6$2.46$2.57$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$0.42$24.0$1.12$1.71$0.59
2020Detailed filing. Detailed filing data is available for this year.$24.8$0.40$24.4$1.62$2.34$0.72
2019Detailed filing. Detailed filing data is available for this year.$25.3$0.30$25.0$1.63$2.34$0.71
2018Detailed filing. Detailed filing data is available for this year.$26.1$0.42$25.7$1.90$2.47$0.57
2017Detailed filing. Detailed filing data is available for this year.$26.8$0.33$26.4$2.18$2.48$0.30
2016Detailed filing. Detailed filing data is available for this year.$27.0$0.34$26.7$3.33$2.81$0.52
2015Detailed filing. Detailed filing data is available for this year.$26.6$0.40$26.2$3.11$2.52$0.58
2014Detailed filing. Detailed filing data is available for this year.$26.0$0.36$25.6$2.33$2.45$0.12
2013Summary only. Only limited summary data is available for this year.$26.0$0.31$25.7$1.76$2.32$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$0.22$26.2$2.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$0.25$26.5$1.96