Civic Intelligence

Industry Advancement Fund Inc.

990 • Fiscal year 2018 • EIN 75-2086648

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 23, 2019

Organization ProfileN/A
8445 Freeport Parkway Suite 325Irving, TX 75063

(469) 359-6000

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

67th percentile

7.0%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-23%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,571,645

Up $103,338 (+7.0%) from 2017

Net Assets

Up

$1,571,645

Up $103,338 (+7.0%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin95th percentile

Revenue

Down

$135,513

Down $41,069 (-23%) from 2017

Expenses

Down

$46,564

Down $122,463 (-72%) from 2017

Net Income

Up

$88,949

Up $81,394 (+1077%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,345,966Liabilities 2011: $0Net Assets 2011: $1,345,9662011Assets 2012: $1,418,038Liabilities 2012: $0Net Assets 2012: $1,418,0382012Assets 2013: $1,446,470Liabilities 2013: $0Net Assets 2013: $1,446,4702013Assets 2014: $1,501,411Liabilities 2014: $0Net Assets 2014: $1,501,4112014Assets 2015: $1,356,958Liabilities 2015: $0Net Assets 2015: $1,356,9582015Assets 2016: $1,418,714Liabilities 2016: $0Net Assets 2016: $1,418,7142016Assets 2017: $1,468,307Liabilities 2017: $0Net Assets 2017: $1,468,3072017Assets 2018: $1,571,645Liabilities 2018: $0Net Assets 2018: $1,571,6452018Assets 2019: $1,514,003Liabilities 2019: $0Net Assets 2019: $1,514,0032019Assets 2020: $1,535,392Liabilities 2020: $0Net Assets 2020: $1,535,3922020Assets 2021: $1,770,682Liabilities 2021: $0Net Assets 2021: $1,770,6822021Assets 2022: $1,401,154Liabilities 2022: $0Net Assets 2022: $1,401,1542022Assets 2023: $1,461,079Liabilities 2023: $7,400Net Assets 2023: $1,453,6792023Assets 2024: $1,664,229Liabilities 2024: $0Net Assets 2024: $1,664,2292024

Highlighted filing

2018

Assets$1,571,645
Liabilities$0
Net Assets$1,571,645
Open 2018 Filing

Operations Trend

Revenue Growth13th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $97,332Expenses 2011: $83,957Net Income 2011: $13,3752011Revenue 2012: $145,509Expenses 2012: $139,382Net Income 2012: $6,1272012Revenue 2013: $205,610Expenses 2013: $101,676Net Income 2013: $103,9342013Revenue 2014: $58,437Expenses 2014: $70,912Net Income 2014: -$12,4752014Revenue 2015: $284,987Expenses 2015: $311,682Net Income 2015: -$26,6952015Revenue 2016: $171,058Expenses 2016: $185,928Net Income 2016: -$14,8702016Revenue 2017: $176,582Expenses 2017: $169,027Net Income 2017: $7,5552017Revenue 2018: $135,513Expenses 2018: $46,564Net Income 2018: $88,9492018Revenue 2019: $174,336Expenses 2019: $244,221Net Income 2019: -$69,8852019Revenue 2020: $125,221Expenses 2020: $134,624Net Income 2020: -$9,4032020Revenue 2021: $151,590Expenses 2021: $92,561Net Income 2021: $59,0292021Revenue 2022: $64,490Expenses 2022: $72,176Net Income 2022: -$7,6862022Revenue 2023: $64,380Expenses 2023: $101,585Net Income 2023: -$37,2052023Revenue 2024: $109,291Expenses 2024: $159,990Net Income 2024: -$50,6992024

Highlighted filing

2018

Revenue$135,513
Expenses$46,564
Net Income$88,949
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 23, 2019
Return Version
2017v2.2
Gross Receipts
$450,407
Mission and Program Overview

Mission

Research and scholarships in the drilled shaft industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,421,132$1,476,323▲ $55,191
Savings and Temporary Cash Investments$47,127$94,458▲ $47,331
Cash and Non-Interest-Bearing Accounts$48$864▲ $816
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,468,307$1,571,645▲ $103,338
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,468,307$1,571,645▲ $103,338
Total Net Assets Fund Balance$1,468,307$1,571,645▲ $103,338
Total Liabilities and Net Assets / Fund Balance$1,468,307$1,571,645▲ $103,338
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
A Roy Kern JrTrustee
Bruce LongTrustee
Jim MaxwellTrustee
Mike HayesTrustee
Ty SavageTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$55,661
Program Service Revenue
$0
Investment Income
$79,852
Other Revenue
$0
All Other Contributions
$55,661
Change in Net Assets
$88,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,064
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$18,095--$18,095
Fees for Service Investment Mgmnt Fees-$13,374-$13,374
Travel$10,500--$10,500
Fees for Services Accounting-$2,630-$2,630
Grants to Domestic Individuals$1,500--$1,500
Information Technology-$306-$306
Office Expenses-$159-$159
Total Functional Expenses$30,095$16,469$0$46,564
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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

“No review was or will be conducted.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Industry Advancement Fund Inc
EIN
75-2086648
Phone
4693596000
Address
8445 FREEPORT PARKWAY SUITE 325, IRVING, TX 75063

Signing Officer

Name
A Roy Kern Jr
Title
Trustee
Signed
2019-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Roy Kern Jr
Formed
1986
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Wirth Lowe Wissemeier Cpas Inc
Address
8150 Corporate Park Dr Suite 140, Cincinnati, OH 45242-3312
Preparer
Elizabeth a Herman
Phone
5132473900
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: provide education and field study workshops to faculty at civil engineering colleges and universities to work toward improving technology in the drilled shaft industry. Other program services 5: provide funding for anchor earth retention research project.”

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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/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0124767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0194650
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: PROVIDE EDUCATION AND FIELD STUDY WORKSHOPS TO FACULTY AT CIVIL ENGINEERING COLLEGES AND UNIVERSITIES TO WORK TOWARD IMPROVING TECHNOLOGY IN THE DRILLED SHAFT INDUSTRY. OTHER PROGRAM SERVICES 5: PROVIDE FUNDING FOR ANCHOR EARTH RETENTION RESEARCH PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0A ROY KERN JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRY ADVANCEMENT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0752086648
ReturnHeader/Filer/PhoneNum04693596000
ReturnHeader/Filer/USAddress/AddressLine1Txt08445 FREEPORT PARKWAY SUITE 325
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIRTH LOWE WISSEMEIER CPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08150 Corporate Park Dr Suite 140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cincinnati
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0452423312
ReturnHeader/PreparerPersonGrp/PhoneNum05132473900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH A HERMAN
ReturnHeader/ReturnTs02019-01-23T05:15:07-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,571,645
Liabilities
$0
Net assets
$1,571,645
Revenue
$135,513
Expenses
$46,564
Net income
$88,949
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.11$0.16$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.46$0.01$1.45$0.06$0.10$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.06$0.07$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.15$0.09$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.13$0.13$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.17$0.24$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.14$0.05$0.09
2017Summary only. Only limited summary data is available for this year.$1.47$0.00$1.47$0.18$0.17$0.01
2016Summary only. Only limited summary data is available for this year.$1.42$0.00$1.42$0.17$0.19$0.01
2015Summary only. Only limited summary data is available for this year.$1.36$0.00$1.36$0.28$0.31$0.03
2014Summary only. Only limited summary data is available for this year.$1.50$0.00$1.50$0.06$0.07$0.01
2013Summary only. Only limited summary data is available for this year.$1.45$0.00$1.45$0.21$0.10$0.10
2012Summary only. Only limited summary data is available for this year.$1.42$0.00$1.42$0.15$0.14$0.01
2011Summary only. Only limited summary data is available for this year.$1.35$0.00$1.35$0.10$0.08$0.01