Civic Intelligence

Hodges University Foundation Inc

EIN 65-1176465 • 501(c)3

2655 Northbrooke Drive34119
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

0.1%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$4,676,878

Up $2,519 (+0.1%) from 2012

Liabilities

Flat

$0

Flat from 2012

Net Assets

Up

$4,676,878

Up $2,519 (+0.1%) from 2012

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Up

$775,967

Up $687,053 (+773%) from 2012

Expenses

Up

$227,602

Up $77,602 (+52%) from 2012

Net Income

Up

$548,365

Up $609,451 (+998%) from 2012

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $3,877,455Liabilities 2010: $0Net Assets 2010: $3,877,4552010Assets 2011: $5,013,710Liabilities 2011: $0Net Assets 2011: $5,013,7102011Assets 2012: $4,674,359Liabilities 2012: $0Net Assets 2012: $4,674,3592012Assets 2013: $4,676,878Liabilities 2013: $0Net Assets 2013: $4,676,8782013

Highlighted filing

2013

Assets$4,676,878
Liabilities$0
Net Assets$4,676,878
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $02010Expenses 2011: $02011Revenue 2012: $88,914Expenses 2012: $150,000Net Income 2012: -$61,0862012Revenue 2013: $775,967Expenses 2013: $227,602Net Income 2013: $548,3652013

Highlighted filing

2013

Revenue$775,967
Expenses$227,602
Net Income$548,365
Open 2013 Filing

Filings

Most recent year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,676,878
Liabilities
$0
Net assets
$4,676,878
Revenue
$775,967
Expenses
$227,602
Net income
$548,365
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.68$0.00$4.68$0.78$0.23$0.55
2012Summary only. Only limited summary data is available for this year.$4.67$0.00$4.67$0.09$0.15$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$0.00$5.01$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.00$3.88$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 23, 2013
Return Version
2012v2.1
Gross Receipts
$5,835,458
Filing and Contact Details

Filer

EIN
65-1176465
Raw XML AppendixShowing 400 of 456 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE HODGES UNIVERSITY FOUNDATION, INC. ENDOWMENT FUNDS ARE INVESTED TO PRODUCE GAINS THAT ARE TO BE DISTRIBUTED AS SUPPORT TO HODGES UNIVERSITY, INC. ACCORDING TO THE INVESTMENT AND PAYOUT POLICIES ADOPTED BY THE HODGES UNIVERSITY FOUNDATION, INC. BOARD OF DIRECTORS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1THE UNIVERSITY AND FOUNDATION ARE TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEY ARE NOT CONSIDERED A PRIVATE FOUNDATION AND CONTRIBUTIONS ARE CONSIDERED TAX DEDUCTIBLE. THE UNIVERSITY AND FOUNDATION ARE SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS ENDED JUNE 30, 2013, THE UNIVERSITY AND FOUNDATION HAVE NO MATERIAL OBLIGATION FOR UNRELATED BUSINESS INCOME TAX, AND FOR THE YEAR ENDED JUNE 30, 2012, HAD NO OBLIGATION. THE UNIVERSITY AND FOUNDATION HAVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT OF THE IMPLEMENTATION, THE UNIVERSITY AND FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013 AND 2012. THE UNIVERSITY AND FOUNDATION'S 2010 THROUGH 2012 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: HODGES UNIVERSITY FOUNDATION MAINTAINS AN ENDOWMENT TO SUPPORT HODGES UNIVERSITY. THE ENDOWMENT CONTAINS FUNDS GIVEN IN GENERAL SUPPORT OF HODGES UNIVERSITY, AS WELL AS FUNDS DONATED FOR SPECIFIC PURPOSES, SUCH AS SCHOLARSHIPS. THE FUNDS PROVIDED ARE WITHIN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
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IRS990ScheduleO/GeneralExplanation/Explanation0AN EXECUTIVE COMMITTEE OF NOT LESS THAN THREE AND NO MORE THAN SIX DIRECTORS MAY BE APPOINTED BY THE BOARD OF DIRECTORS FOR SPECIFIC PERIODS OF TIME. AT LEAST ONE OFFICER OF THE BOARD OF DIRECTORS IS APPOINTED TO THE EXECUTIVE COMMITTEE AND ATTENDS AND PRESIDES AT ALL MEETINGS. THE PRESIDENT OF HODGES UNIVERSITY, INC. SERVES AS A MEMBER OF THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TO REPRESENT THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE PROPERTY AND BUSINESS OF THE FOUNDATION WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION. ALL EXECUTIVE COMMITTEE ACTION TAKEN MUST BE RATIFIED BY THE BOARD OF DIRECTORS AT THEIR NEXT MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation1FREDERICK NERONE, AND PHILIP MEMOLI HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/GeneralExplanation/Explanation2THE BOARD OF TRUSTEES OF HODGES UNIVERSITY, INC. IS THE SOLE MEMBER OF THE FOUNDATION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD OF TRUSTEES OF HODGES UNIVERSITY, INC, AS SOLE MEMBER OF THE FOUNDATION, MAY APPOINT OR REMOVE DIRECTORS IN ACCORDANCE WITH THE FOUNDATION'S ARTICLES OF INCORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD OF TRUSTEES OF HODGES UNIVERSITY, INC, AS SOLE MEMBER OF THE FOUNDATION, MAY RECEIVE RECOMMENDATIONS FOR AMENDMENTS OF THE ARTICLES OF INCORPORATION, BY-LAWS OR NOMINATIONS FOR APPOINTMENTS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5MANAGEMENT WILL UNDERTAKE A COMPREHENSIVE REVIEW OF THE FORM 990 AND ITS SCHEDULES IMMEDIATELY UPON ITS COMPLETION, AND WILL ADDRESS ALL OF ITS QUESTIONS AND CONCERNS WITH THE PREPARER. THE ENTIRE GOVERNING BOARD WILL REVIEW THE RETURN PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation6ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE STATEMENTS. THE STATEMENTS ARE REVIEWED BY THE SENIOR MANAGEMENT AND THE INDEPENDENT AUDITOR TO DETERMINE IF ANY RELATIONSHIPS NEED TO BE DISCLOSED IN THE AUDITED FINANCIAL STATEMENTS OR THE FORM 990. IN CASE OF ANY POTENTIAL REAL OR PERCEIVED CONFLICT OF INTEREST, AFFILIATED PERSONS ARE EXPECTED TO DISCLOSE THE CONFLICT IN ADVANCE. ONCE SUCH A DISCLOSURE HAS BEEN MADE, THE CHAIRMAN OF THE BOARD OF TRUSTEES SHALL DETERMINE WHETHER OR NOT THERE IS A POTENTIAL CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THERE IS A POTENTIAL CONFLICT OF INTEREST, THE AFFILIATED PERSON INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER AT ISSUE EXCEPT TO STATE BRIEFLY HIS OR HER POSITION IN THE MATTER AND TO ANSWER SPECIFIC QUESTIONS. THIS ABSTENTION SHALL BE REFLECTED IN THE MEETING MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation7NO EMPLOYEES ARE PAID BY THE ORGANIZATION. OFFICERS' COMPENSATION OF THE RELATED ORGANIZATION, HODGES UNIVERSITY, INC. IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH CONSIDERS COMPARABILITY DATA AMONG MANY OTHER FACTORS. MINUTES ARE PRODUCED AT EACH MEETING OF THE COMMITTEE AND THEIR RECOMMENDATIONS MUST BE APPROVED BY THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/GeneralExplanation/Explanation8THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 2
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IRS990/TheBooksAreInCareOf/NamePerson0ERICA M TILLERY
IRS990/TheBooksAreInCareOf/TelephoneNumber08004668017
IRS990/TotalAssets/BOY04674359
IRS990/TotalAssetsBOY04674359
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IRS990/TotalAssetsEOY04676878
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IRS990/TotalLiabilitiesBOY00

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