Civic Intelligence

Industry Advancement Fund Inc.

990 • Fiscal year 2019 • EIN 75-2086648

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 03, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

24th percentile

-3.7%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

29%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$1,514,003

Down $57,642 (-3.7%) from 2018

Net Assets

Down

$1,514,003

Down $57,642 (-3.7%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin7th percentile

Revenue

Up

$174,336

Up $38,823 (+29%) from 2018

Expenses

Up

$244,221

Up $197,657 (+424%) from 2018

Net Income

Down

-$69,885

Down $158,834 (-179%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2019

Assets$1,514,003
Liabilities$0
Net Assets$1,514,003
Open 2019 Filing

Operations Trend

Revenue Growth80th 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

2019

Revenue$174,336
Expenses$244,221
Net Income-$69,885
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 3, 2020
Return Version
2018v3.1
Gross Receipts
$389,930
Mission and Program Overview

Mission

Research and scholarships in the drilled shaft industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,476,323$1,466,084▼ $10,239
Savings and Temporary Cash Investments$94,458$47,895▼ $46,563
Cash and Non-Interest-Bearing Accounts$864$24▼ $840
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$1,571,645$1,514,003▼ $57,642
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,571,645$1,514,003▼ $57,642
Total Net Assets Fund Balance$1,571,645$1,514,003▼ $57,642
Total Liabilities and Net Assets / Fund Balance$1,571,645$1,514,003▼ $57,642
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$110,870
Program Service Revenue
$0
Investment Income
$63,466
Other Revenue
$0
All Other Contributions
$110,870
Change in Net Assets
$-69,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$145,221
Grants and Similar Amounts Paid$99,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$99,000--$99,000
Fees for Service Investment Mgmnt Fees-$13,219-$13,219
Travel$9,750--$9,750
Fees for Services Accounting-$2,710-$2,710
Other Expenses$2,438--$2,438
Office Expenses-$100-$100
Total Functional Expenses$228,192$16,029$0$244,221
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
2020-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Roy Kern Jr
Formed
1986
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

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.”

Raw XML Appendix398 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt063466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt079852
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0103651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046291
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt090337
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0383597
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59300
IRS990ScheduleA/PublicSupportPY170Pct00.54950
IRS990ScheduleA/PublicSupportTotal170Amt0558879
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0110870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt055661
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt072931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0124767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0194650
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0558879
IRS990ScheduleA/TotalSupportAmt0942476
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt099000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt034
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SCHOLARSHIPS ARE AWARDED TO THE RECIPIENTS BASED ON CERTAIN CRITERIA AND AN APPLICATION COMPLETED BY THE RECIPIENTS. THE ORGANIZATION DOES NOT MONITOR THE USE OF THE SCHOLARSHIP FUNDS AWARDED TO THE RECIPIENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01571645
IRS990/TotalAssetsEOYAmt01514003
IRS990/TotalAssetsGrp/BOYAmt01571645
IRS990/TotalAssetsGrp/EOYAmt01514003
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0110870
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016029
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0228192
IRS990/TotalFunctionalExpensesGrp/TotalAmt0244221
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01571645
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01514003
IRS990/TotalProgramServiceExpensesAmt0228192
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt063466
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0174336
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01571645
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01514003
IRS990/TravelGrp/ProgramServicesAmt09750
IRS990/TravelGrp/TotalAmt09750
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01571645
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01514003
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 306
IRS990/USAddress/CityNm0CORAOPOLIS
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015108
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0A ROY KERN JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRY ADVANCEMENT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0752086648
ReturnHeader/Filer/PhoneNum04693596000
ReturnHeader/Filer/USAddress/AddressLine1Txt08445 FREEPORT PARKWAY SUITE 325
ReturnHeader/Filer/USAddress/CityNm0IRVING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075063
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841696241
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/ReturnTs02020-02-03T11:17:03-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,514,003
Liabilities
$0
Net assets
$1,514,003
Revenue
$174,336
Expenses
$244,221
Net income
-$69,885
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits