Civic Intelligence

Jefferson Center Foundation Ltd.

990 • Fiscal year 2018 • EIN 62-1392982

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 28, 2019

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

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

42nd percentile

0.22x

Higher debt load relative to revenue than 42% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

6th percentile

-30%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$100,000

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

26th percentile

-2.4%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-13%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$26,134,815

Down $639,812 (-2.4%) from 2017

Net Assets

Down

$25,716,460

Down $731,128 (-2.8%) from 2017

Liabilities

Up

$418,355

Up $91,316 (+28%) from 2017

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin6th percentile

Revenue

Down

$1,899,222

Down $276,532 (-13%) from 2017

Expenses

Down

$2,466,726

Down $10,578 (-0.4%) from 2017

Net Income

Down

-$567,504

Down $265,954 (-88%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2018

Assets$26,134,815
Liabilities$418,355
Net Assets$25,716,460
Open 2018 Filing

Operations Trend

Revenue Growth14th 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

2018

Revenue$1,899,222
Expenses$2,466,726
Net Income-$567,504
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 28, 2019
Return Version
2017v2.2
Gross Receipts
$2,111,724
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$9,449,598$9,055,470▼ $394,128
Investments in Publicly Traded Securities$859,356$956,930▲ $97,574
Cash and Non-Interest-Bearing Accounts$743,960$754,410▲ $10,450
Pledges and Grants Receivable$950,080$660,278▼ $289,802
Accounts Receivable$144,877$106,990▼ $37,887
Savings and Temporary Cash Investments-$0-
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$26,774,627$26,134,815▼ $639,812
Other Assets Total$14,626,756$14,600,737▼ $26,019
Liabilities
Deferred Revenue$66,452$159,913▲ $93,461
Accounts Payable and Accrued Expenses$163,672$118,631▼ $45,041
Mortgage Notes Payable Secured by Investment Property$50,000$80,000▲ $30,000
Other Liabilities$46,915$59,811▲ $12,896
Total Liabilities$327,039$418,355▲ $91,316
Net Assets / Fund Balance
Temporarily Rstr Net Assets$15,966,353$15,764,935▼ $201,418
Unrestricted Net Assets$9,831,235$9,301,525▼ $529,710
Permanently Rstr Net Assets$650,000$650,000→ $0
Total Net Assets Fund Balance$26,447,588$25,716,460▼ $731,128
Total Liabilities and Net Assets / Fund Balance$26,774,627$26,134,815▼ $639,812

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,469,825$7,059,745$15,529,570
Equipment$486,093$1,006,699$1,492,792
Leasehold Improvements$99,552$16,667$116,219
Other Assets Org$36,637--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$859,356$92,690▲ $43,729$38,845$956,930
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
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cyrus E PaceExecutive DirecFT$100,000$100,000

Board Members and Trustees

NameTitle
Thomas T PalmerChairman
David I TenzerFormer Chair
Susan P FrantzVice Chair
Anne JenkinsBoard Member
Ariel LevBoard Member
Bo BlankenshipBoard Member
Bryan MusselwhiteBoard Member
Kianna Price WadeBoard Member
Marc NelsonBoard Member
Mark S LawrenceBoard Member
Nathan KerrBoard Member
Suzy FinkBoard Member
Trista FarrellBoard Member
Whit EllermanBoard Member
Paul BonelliSecretary
Charles a WebbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$621,555
Program Service Revenue
$1,179,658
Investment Income
$63,918
Other Revenue
$34,091
All Other Contributions
$531,555
Change in Net Assets
$-567,504

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,912,801
Revenue Not Reported on Financial Statements
$-13,579
Revenue Not Reported on Form 990
$1,687,764
Other Revenue Adjustments
$-13,579
Total Revenue per Audited Statements
$3,600,565
Total Revenue per Form 990
$1,899,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,525,692
Salaries, Compensation, and Employee Benefits$941,034
Total Fundraising Expense$232,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$524,975$137,655$85,382$748,012
Depreciation Depletion$558,155$17,443$5,814$581,412
All Other Expenses$49,452$23,627$67,586$140,665
Current Officers, Directors, Trustees, and Key Employees$40,000$40,000$20,000$100,000
Fees for Services Other$34,015$8,897$26,178$69,090
Other Expenses$53,832$11,534$3,016$68,382
Payroll Taxes$42,341$13,305$7,944$63,590
Advertising$48,836--$48,836
Insurance$26,551$4,599$4,168$35,318
Other Employee Benefits$15,943$8,141$5,348$29,432
Office Expenses$4,847$8,997$1,533$15,377
Interest-$2,397-$2,397
Total Functional Expenses$1,945,954$288,607$232,165$2,466,726

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,192,426
Expenses per Audited Statements$2,466,726
Total Expenses per Form 990$2,466,726
Expenses Not Reported on Form 990$1,725,700
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,938
Fundraising Direct Expenses$1,391
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$48,923
Rent Collected in Advance$6,238
Payroll Withholdings Payable$4,650
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
2019-02-28
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 $1391 loss on disposal of fixed assets $12188”

Raw XML AppendixShowing 400 of 634 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0163672
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0118631
IRS990/AccountsReceivableGrp/BOYAmt0144877
IRS990/AccountsReceivableGrp/EOYAmt0106990
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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/AdvertisingGrp/ProgramServicesAmt048836
IRS990/AdvertisingGrp/TotalAmt048836
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt0531555
IRS990/AllOtherExpensesGrp/FundraisingAmt067586
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt023627
IRS990/AllOtherExpensesGrp/ProgramServicesAmt049452
IRS990/AllOtherExpensesGrp/TotalAmt0140665
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0THE FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum05403432624
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0541 LUCK AVE SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROANOKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd024016
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0743960
IRS990/CashNonInterestBearingGrp/EOYAmt0754410
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt020000
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt040000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt040000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0100000
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0621555
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt063918
IRS990/CYOtherExpensesAmt01525692
IRS990/CYOtherRevenueAmt034091
IRS990/CYProgramServiceRevenueAmt01179658
IRS990/CYRevenuesLessExpensesAmt0-567504
IRS990/CYSalariesCompEmpBnftPaidAmt0941034
IRS990/CYTotalExpensesAmt02466726
IRS990/CYTotalFundraisingExpenseAmt0232165
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01899222
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt066452
IRS990/DeferredRevenueGrp/EOYAmt0159913
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt05814
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt017443
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0558155
IRS990/DepreciationDepletionGrp/TotalAmt0581412
IRS990/Desc0THE FOUNDATION'S SHAFTMAN PERFORMANCE HALL SERVES AS A PERMANENT PERFORMANCE VENUE FOR PRESENTING HIGH QUALITY LIVE MUSIC PERFORMANCES AND MUSIC EDUCATION PROGRAMMING.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt096
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0931460
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt026178
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08897
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt034015
IRS990/FeesForServicesOtherGrp/TotalAmt069090
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt160.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0BO BLANKENSHIP
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES A WEBB
IRS990/Form990PartVIISectionAGrp/PersonNm2MARC NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm3PAUL BONELLI
IRS990/Form990PartVIISectionAGrp/PersonNm4SUZY FINK
IRS990/Form990PartVIISectionAGrp/PersonNm5SUSAN P FRANTZ
IRS990/Form990PartVIISectionAGrp/PersonNm6ARIEL LEV
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK S LAWRENCE
IRS990/Form990PartVIISectionAGrp/PersonNm8THOMAS T PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm9BRYAN MUSSELWHITE
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID I TENZER
IRS990/Form990PartVIISectionAGrp/PersonNm11ANNE JENKINS
IRS990/Form990PartVIISectionAGrp/PersonNm12WHIT ELLERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13TRISTA FARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm14NATHAN KERR
IRS990/Form990PartVIISectionAGrp/PersonNm15KIANNA PRICE WADE
IRS990/Form990PartVIISectionAGrp/PersonNm16CYRUS E PACE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16100000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10FORMER CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16Executive Direc
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt01391
IRS990/FundraisingGrossIncomeAmt014938
IRS990/GainOrLossGrp/OtherAmt0-12188
IRS990/GainOrLossGrp/SecuritiesAmt053751
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt090000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0252674
IRS990/GrossReceiptsAmt02111724
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt04168
IRS990/InsuranceGrp/ManagementAndGeneralAmt04599
IRS990/InsuranceGrp/ProgramServicesAmt026551
IRS990/InsuranceGrp/TotalAmt035318
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt02397
IRS990/InterestGrp/TotalAmt02397
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt022355
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022355
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0859356
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0956930
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt054
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08083111
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09449598
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09055470
IRS990/LandBldgEquipCostOrOtherBssAmt017138581
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt012188
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0198923
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt050000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt080000
IRS990/NetAssetsOrFundBalancesBOYAmt026447588
IRS990/NetAssetsOrFundBalancesEOYAmt025716460
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt053751
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-12188
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt041563
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt013547
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt013547
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-24357
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt01533
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08997
IRS990/OfficeExpensesGrp/ProgramServicesAmt04847
IRS990/OfficeExpensesGrp/TotalAmt015377
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt014626756
IRS990/OtherAssetsTotalGrp/EOYAmt014600737
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05348
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08141
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015943
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029432
IRS990/OtherExpensesGrp/Desc0ARTIST FEES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2BUILDING AND GROUNDS
IRS990/OtherExpensesGrp/Desc3TAXES & LICENSES
IRS990/OtherExpensesGrp/FundraisingAmt02700
IRS990/OtherExpensesGrp/FundraisingAmt11699
IRS990/OtherExpensesGrp/FundraisingAmt2797
IRS990/OtherExpensesGrp/FundraisingAmt33016
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05907
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16105
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt211534
IRS990/OtherExpensesGrp/ProgramServicesAmt0280227
IRS990/OtherExpensesGrp/ProgramServicesAmt1163409
IRS990/OtherExpensesGrp/ProgramServicesAmt2103371
IRS990/OtherExpensesGrp/ProgramServicesAmt353832
IRS990/OtherExpensesGrp/TotalAmt0282927
IRS990/OtherExpensesGrp/TotalAmt1171015
IRS990/OtherExpensesGrp/TotalAmt2110273
IRS990/OtherExpensesGrp/TotalAmt368382
IRS990/OtherLiabilitiesGrp/BOYAmt046915
IRS990/OtherLiabilitiesGrp/EOYAmt059811
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt020544
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020544
IRS990/OtherRevenueTotalAmt020544
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt085382
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0137655
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0524975
IRS990/OtherSalariesAndWagesGrp/TotalAmt0748012
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07944
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013305
IRS990/PayrollTaxesGrp/ProgramServicesAmt042341
IRS990/PayrollTaxesGrp/TotalAmt063590
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0650000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0650000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0950080
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0660278
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CYRUS E PACE
IRS990/PriorPeriodAdjustmentsAmt0-139267
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1FACILITY RENTS
IRS990/ProgramServiceRevenueGrp/Desc2OUTSIDE PRESENTER FEES
IRS990/ProgramServiceRevenueGrp/Desc3TICKET & TRANSACTION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt038403
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1616796
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2121255
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3403204
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1616796
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2121255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3403204
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION OVERSEES THE SHORT-TERM RENTALS OF VENUES WITHIN THE FACILITY TO OUTSIDE INDIVIDUALS AND ORGANIZATIONS.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,134,815
Liabilities
$418,355
Net assets
$25,716,460
Revenue
$1,899,222
Expenses
$2,466,726
Net income
-$567,504
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