Civic Intelligence

The IC Foundation Inc

990 • Fiscal year 2017 • EIN 74-3034115

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 10, 2018

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

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

6.56x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-4347%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

4th percentile

-27%

Faster asset growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$1,927,646

Down $719,569 (-27%) from 2016

Net Assets

Down

$1,799,812

Down $847,069 (-32%) from 2016

Liabilities

Up

$127,834

Up $127,500 (+38174%) from 2016

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin1st percentile

Revenue

Down

$19,485

Down $2,985,923 (-99%) from 2016

Expenses

Up

$866,554

Up $435,805 (+101%) from 2016

Net Income

Down

-$847,069

Down $3,421,728 (-133%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2017

Assets$1,927,646
Liabilities$127,834
Net Assets$1,799,812
Open 2017 Filing

Operations Trend

Revenue Growth1st 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

2017

Revenue$19,485
Expenses$866,554
Net Income-$847,069
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 10, 2018
Return Version
2017v2.0
Gross Receipts
$19,485
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$2,647,215$1,927,646▼ $719,569
Accounts Receivable$0--
Total Assets$2,647,215$1,927,646▼ $719,569
Liabilities
Accounts Payable and Accrued Expenses$334$127,834▲ $127,500
Other Liabilities-$0-
Total Liabilities$334$127,834▲ $127,500
Net Assets / Fund Balance
Unrestricted Net Assets$2,646,881$1,799,812▼ $847,069
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,646,881$1,799,812▼ $847,069
Total Liabilities and Net Assets / Fund Balance$2,647,215$1,927,646▼ $719,569
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
James DavidsonChair
Alexandra LaForgeExecutive Director
Bonny MoellenbrockExecutive Director(former)
Shaula MassenaAt large
John MooreAt-Large
Ken MerrittAt-Large
Tom BalderstonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,500
Program Service Revenue
$0
Investment Income
$15,985
Other Revenue
$0
All Other Contributions
$3,500
Change in Net Assets
$-847,069

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,485
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$19,485
Total Revenue per Form 990
$19,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$866,554
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$853,000$0$0$853,000
Fees for Services Accounting-$10,812$0$10,812
Fees for Services Legal-$2,449$0$2,449
Office Expenses$293$0$0$293
Total Functional Expenses$853,293$13,261$0$866,554

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$866,554
Total Expenses per Audited Statements$866,554
Total Expenses per Form 990$866,554
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
No
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 Executive Director reviews the 990 and provides a summary to the Board of Directors.”

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

“Policies are reviewed annually by the Board of Directors.”

Form 990, Part VI, Section C, Line 19

“All documents 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
Val Red-Horse Mohl
Title
Executive Director
Phone
8183894714
Signed
2018-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Red Horse Mohl
Formed
2002
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0

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 Fees paid to Investors' Circle to develop and implement programs and execute strategic initiatives focusing on supporting social enterprises in local communities.”

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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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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Director reviews the 990 and provides a summary to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Policies are reviewed annually by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Service Fees paid to Investors' Circle to develop and implement programs and execute strategic initiatives focusing on supporting social enterprises in local communities.
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 C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02647215
IRS990/TotalAssetsEOYAmt01927646
IRS990/TotalAssetsGrp/BOYAmt02647215
IRS990/TotalAssetsGrp/EOYAmt01927646
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013261
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0853293
IRS990/TotalFunctionalExpensesGrp/TotalAmt0866554
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0334
IRS990/TotalLiabilitiesEOYAmt0127834
IRS990/TotalLiabilitiesGrp/BOYAmt0334
IRS990/TotalLiabilitiesGrp/EOYAmt0127834
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02646881
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01799812
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0853293
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015985
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019485
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02647215
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01927646
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02646881
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01799812
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 3612
IRS990/USAddress/CityNm0Durham
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027702
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.investorscircle.net
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0extension was filed and granted.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Val Red-Horse Mohl
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08183894714
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-10
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/IPv4AddressTxt073.159.244.183
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823340933
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/PreparationDt02018-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Elizabeth Taylor
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-10T15:18:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,927,646
Liabilities
$127,834
Net assets
$1,799,812
Revenue
$19,485
Expenses
$866,554
Net income
-$847,069
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