Civic Intelligence

The IC Foundation Inc

990 • Fiscal year 2016 • EIN 74-3034115

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 15, 2017

Organization Profilewww.investorscircle.net
PO Box 3612Durham, NC 27702

(919) 296-1166

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

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

Liabilities / Revenue

14th percentile

0.00x

Higher debt load relative to revenue than 14% of similar nonprofits.

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

Net Margin

97th percentile

86%

Higher net margin than 97% 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

100th percentile

3565%

Faster asset growth than 100% of similar nonprofits.

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

Revenue Growth

99th percentile

1067%

Faster revenue growth than 99% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,647,215

Up $2,574,993 (+3565%) from 2015

Net Assets

Up

$2,646,881

Up $2,574,659 (+3565%) from 2015

Liabilities

Up

$334

Up $334 from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin97th percentile

Revenue

Up

$3,005,408

Up $2,747,937 (+1067%) from 2015

Expenses

Up

$430,749

Up $98,635 (+30%) from 2015

Net Income

Up

$2,574,659

Up $2,649,302 (+3549%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $262,770Liabilities 2010: $0Net Assets 2010: $262,7702010Assets 2011: $76,055Liabilities 2011: $0Net Assets 2011: $76,0552011Assets 2012: $45,412Liabilities 2012: $02012Assets 2013: $38,158Liabilities 2013: $02013Assets 2014: $146,865Liabilities 2014: $0Net Assets 2014: $146,8652014Assets 2015: $72,222Liabilities 2015: $0Net Assets 2015: $72,2222015Assets 2016: $2,647,215Liabilities 2016: $334Net Assets 2016: $2,646,8812016Assets 2017: $1,927,646Liabilities 2017: $127,834Net Assets 2017: $1,799,8122017Assets 2018: $1,257,874Liabilities 2018: $2,600Net Assets 2018: $1,255,2742018Assets 2019: $0Net Assets 2019: $02019

Highlighted filing

2016

Assets$2,647,215
Liabilities$334
Net Assets$2,646,881
Open 2016 Filing

Operations Trend

Revenue Growth99th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $250,611Expenses 2010: $90,087Net Income 2010: $160,5242010Revenue 2011: $500,789Expenses 2011: $61,336Net Income 2011: $439,4532011Revenue 2012: $94,378Expenses 2012: $125,522Net Income 2012: -$31,1442012Revenue 2013: $95,929Expenses 2013: $103,183Net Income 2013: -$7,2542013Revenue 2014: $385,657Expenses 2014: $276,949Net Income 2014: $108,7082014Revenue 2015: $257,471Expenses 2015: $332,114Net Income 2015: -$74,6432015Revenue 2016: $3,005,408Expenses 2016: $430,749Net Income 2016: $2,574,6592016Revenue 2017: $19,485Expenses 2017: $866,554Net Income 2017: -$847,0692017Revenue 2018: $28,092Expenses 2018: $572,630Net Income 2018: -$544,5382018Revenue 2019: $14,768Expenses 2019: $1,270,042Net Income 2019: -$1,255,2742019

Highlighted filing

2016

Revenue$3,005,408
Expenses$430,749
Net Income$2,574,659
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 15, 2017
Return Version
2016v3.0
Gross Receipts
$3,005,408
Mission and Program Overview

Mission

To educate the public about impact investing

To educate the public about impact investing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$69,222$2,647,215▲ $2,577,993
Accounts Receivable$3,000$0▼ $3,000
Total Assets$72,222$2,647,215▲ $2,574,993
Liabilities
Accounts Payable and Accrued Expenses-$334-
Total Liabilities$0$334▲ $334
Net Assets / Fund Balance
Unrestricted Net Assets$38,888$2,646,881▲ $2,607,993
Temporarily Rstr Net Assets$33,334$0▼ $33,334
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$72,222$2,646,881▲ $2,574,659
Total Liabilities and Net Assets / Fund Balance$72,222$2,647,215▲ $2,574,993
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
James DavidsonChair
Bonny MoellenbrockExecutive Director
David SharpAt-Large
John MooreAt-Large
Ken MerrittAt-Large
Tom BalderstonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,003,750
Program Service Revenue
$0
Investment Income
$1,658
Other Revenue
$0
All Other Contributions
$3,003,750
Change in Net Assets
$2,574,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,005,408
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$36,334
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,041,742
Total Revenue per Form 990
$3,005,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$430,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$421,334$0$0$421,334
Fees for Services Legal$0$9,247$0$9,247
Office Expenses$0$168$0$168
Total Functional Expenses$421,334$9,415$0$430,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$430,749
Total Expenses per Audited Statements$430,749
Total Expenses per Form 990$430,749
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
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, Section B, Line 11B

“The 990 is reviewed by the Executive Director. It is distributed to the entire board after filing, at the quarterly meeting.”

Form 990, Part VI, Section B, Line 12C

“Policies are reviewed annually by the board of directors.”

Form 990, Part VI, Section B, Line 15

“There is no paid staff in the organization.”

Form 990, Part VI, Section C, Line 19

“Board documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
The IC Foundation Inc
EIN
74-3034115
Phone
9192961166
Address
PO Box 3612, Durham, NC 27702

Signing Officer

Name
Alexandra LaForge
Title
Interim Executive Director
Phone
9192961166
Signed
2017-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexandra LaForge
Formed
2002
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
8

Preparer

Firm
Elizabeth A Taylor CPA
Address
10 Willowspring Place, Chapel Hill, NC 27517
Preparer
Elizabeth Taylor
Phone
9196052145
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Service Agreement fees paid to Investors' Circle for SOURCE project and to support strategic growth.”

Financial Statement Notes

Schedule D, Part XI, Line 2D

“Net assets released from restrictions for program activities”

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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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0The IC Foundation, Inc continually solicits contributions from the general public and other public charities through its website, speaking engagements and outrreach programs. The board is comprised of representatives from the public, private and educational sectors and promotes the benefits of socially responsible investing to the general public. Facts and circumstances qualify this organization to be a public charity.
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IRS990ScheduleD/RevenueNotReportedAmt036334
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03005408
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Net assets released from restrictions for program activities
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part XI, Line 2d
IRS990ScheduleD/TotalExpensesPerForm990Amt0430749
IRS990ScheduleD/TotalRevenuePerForm990Amt03005408
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03041742
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0430749
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the Executive Director. It is distributed to the entire board after filing, at the quarterly meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Policies are reviewed annually by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is no paid staff in the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Service Agreement fees paid to Investors' Circle for SOURCE project and to support strategic growth.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt033334
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt072222
IRS990/TotalAssetsEOYAmt02647215
IRS990/TotalAssetsGrp/BOYAmt072222
IRS990/TotalAssetsGrp/EOYAmt02647215
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03003750
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09415
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0421334
IRS990/TotalFunctionalExpensesGrp/TotalAmt0430749
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0334
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0334
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt072222
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02646881
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0421334
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01658
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03005408
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt072222
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02647215
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt038888
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02646881
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 3612
IRS990/USAddress/CityNm0Durham
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027702
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.investorscircle.net
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0Extension was granted with extended due date of 11/15/2017
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Alexandra LaForge
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Interim Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09192961166
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The IC Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0ICFO
ReturnHeader/Filer/EIN0743034115
ReturnHeader/Filer/PhoneNum09192961166
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 3612
ReturnHeader/Filer/USAddress/CityNm0Durham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027702
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.185.79.93
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0058443294
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Elizabeth A Taylor CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 Willowspring Place
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chapel Hill
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027517
ReturnHeader/PreparerPersonGrp/PhoneNum09196052145
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Elizabeth Taylor
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-10-24T17:05:54-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31

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
$2,647,215
Liabilities
$334
Net assets
$2,646,881
Revenue
$3,005,408
Expenses
$430,749
Net income
$2,574,659
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$1.27$1.26
2018Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.03$0.57$0.54
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.13$1.80$0.02$0.87$0.85
2016Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$3.01$0.43$2.57
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.26$0.33$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.39$0.28$0.11
2013Summary only. Only limited summary data is available for this year.$0.04$0.00$0.10$0.10$0.01
2012Summary only. Only limited summary data is available for this year.$0.05$0.00$0.09$0.13$0.03
2011Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$0.50$0.06$0.44
2010Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$0.25$0.09$0.16