Civic Intelligence

Village Project Inc

990 • Fiscal year 2014 • EIN 76-0371337

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 10, 2015

6100 Main Street MS-70Houston, TX 77005-1892

(713) 348-4927

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

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

2014 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

16th percentile

0.00x

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

2014 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2014

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2014 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$561,689

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 62.6% of source-year revenue.

2014 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2014

Asset Growth

60th percentile

0.0%

Faster asset growth than 60% of similar nonprofits.

2014 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

78th percentile

23%

Faster revenue growth than 78% of similar nonprofits.

2014 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Flat

$8,257,024

Flat from 2013

Net Assets

Flat

$8,257,024

Flat from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

$896,974

No earlier filing loaded for comparison.

Expenses

Up

$896,974

Up $169,833 (+23%) from 2013

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $8,257,024Liabilities 2010: $0Net Assets 2010: $8,257,0242010Assets 2011: $8,257,024Liabilities 2011: $0Net Assets 2011: $8,257,0242011Assets 2012: $8,257,024Liabilities 2012: $0Net Assets 2012: $8,257,0242012Assets 2013: $8,257,024Liabilities 2013: $0Net Assets 2013: $8,257,0242013Assets 2014: $8,257,024Liabilities 2014: $0Net Assets 2014: $8,257,0242014Assets 2015: $58,646,792Liabilities 2015: $3,152,241Net Assets 2015: $55,494,5512015Assets 2016: $59,990,416Liabilities 2016: $4,495,865Net Assets 2016: $55,494,5512016Assets 2017: $61,156,901Liabilities 2017: $2,912,175Net Assets 2017: $58,244,7262017Assets 2018: $61,521,022Liabilities 2018: $3,532,260Net Assets 2018: $57,988,7622018

Highlighted filing

2014

Assets$8,257,024
Liabilities$0
Net Assets$8,257,024

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $775,9772010Expenses 2011: $673,2682011Expenses 2012: $874,2092012Expenses 2013: $727,1412013Revenue 2014: $896,974Expenses 2014: $896,974Net Income 2014: $02014Revenue 2015: $1,979,322Expenses 2015: $1,979,322Net Income 2015: $02015Revenue 2016: $4,109,144Expenses 2016: $4,109,144Net Income 2016: $02016Revenue 2017: $3,456,620Expenses 2017: $3,456,620Net Income 2017: $02017Revenue 2018: $3,671,137Expenses 2018: $3,671,137Net Income 2018: $02018

Highlighted filing

2014

Revenue$896,974
Expenses$896,974
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$950,104
Mission and Program Overview

Mission

To support rice university ein 74-1109620

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,257,024$8,257,024→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,257,024$8,257,024→ $0
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$8,257,024$8,257,024→ $0
Total Net Assets Fund Balance$8,257,024$8,257,024→ $0
Total Liabilities and Net Assets / Fund Balance$8,257,024$8,257,024→ $0

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$0--
Land$8,257,024--
Equipment$0--
Leasehold Improvements$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Allison K ThackerPresident
Claire D NelsonVice President
Katherine E CollinsDirector
Lawrence W KellnerDirector
Veta J Bryd PerezAssistant Secretary
Richard a ZansitisSecretary
Ronald E LongVP & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$896,974
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$896,974
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
Payments to Affiliates---$896,974
Total Functional Expenses$0$0$0$896,974
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Sec A, Line 7A, Members or stockholders electing members of governing body

The board of rice university ein 74-1109620,a related organization, elects or appoints all members of the governing body.

Form 990, Part VI, Sec A, Line 8B, Documentation of meetings held by committees of governing body

The governing body has the authority to create committees, but they have not done so as of june 30, 2014.

Form 990, Part VI, Sec B, Line 11B, Review of form 990 by governing body

The form is prepared by staff in the controller's office of rice university ein 74-1109620. It is reviewed by village project officers and the controller of rice university prior to filing.

Form 990, Part VI, Sec B, Line 12C, Conflict of interest policy

The general counsel of rice university ein 74-1109620 circulates the coi policy and form to the officers and directors of village project and reports the results to the village project board on an annual basis.

Form 990, Part VI, Sec B, Line 15A, Process to establish compensation of top management official

Board members who are also trustees of rice university ein 74-1109620 receive no compensation. Village project has no employees, and all services for village project are performed by the employees of rice university. Compensation for those individuals who are board members or officers of village project and officers of rice university is determined according to procedures set by the compensation and organizational development committee (cord) of the board of trustees of rice university whose deliberations and decisions are contemporaneously documented. The compensation for those individuals who are officers of village project but not officers of rice university is set in accordance with university salary administration guidelines.

Form 990, Part VI, Sec B, Line 15B, Process to establish compensation of other employees

See form 990, part vi, section b, line 15a response

Form 990, Part VI, Sec C, Line 19, Required documents available to the public

Form 990 is available upon request. Village project does not produce separate audited financial statements. The consolidated financial statements of rice university ein 74-1109620, which includes village project, are available on its website. The articles of incorporation are filed with the state and are publicly available. Rice university's subsidiaries follow the university's conflict of interest policy which is available on the university's website.

Filing and Contact Details

Filer

EIN
76-0371337
Phone
7133484927

Signing Officer

Name
Allison K Thacker
Title
President
Signed
2015-02-10

Organization Details

Formed
1992
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VETA J BRYD PEREZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ALLISON K THACKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KATHERINE E COLLINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3RICHARD A ZANSITIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4RONALD E LONG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5CLAIRE D NELSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0ASSISTANT SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VP & TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5VICE PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF RICE UNIVERSITY EIN 74-1109620,A RELATED ORGANIZATION, ELECTS OR APPOINTS ALL MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY HAS THE AUTHORITY TO CREATE COMMITTEES, BUT THEY HAVE NOT DONE SO AS OF JUNE 30, 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM IS PREPARED BY STAFF IN THE CONTROLLER'S OFFICE OF RICE UNIVERSITY EIN 74-1109620. IT IS REVIEWED BY VILLAGE PROJECT OFFICERS AND THE CONTROLLER OF RICE UNIVERSITY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GENERAL COUNSEL OF RICE UNIVERSITY EIN 74-1109620 CIRCULATES THE COI POLICY AND FORM TO THE OFFICERS AND DIRECTORS OF VILLAGE PROJECT AND REPORTS THE RESULTS TO THE VILLAGE PROJECT BOARD ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS WHO ARE ALSO TRUSTEES OF RICE UNIVERSITY EIN 74-1109620 RECEIVE NO COMPENSATION. VILLAGE PROJECT HAS NO EMPLOYEES, AND ALL SERVICES FOR VILLAGE PROJECT ARE PERFORMED BY THE EMPLOYEES OF RICE UNIVERSITY. COMPENSATION FOR THOSE INDIVIDUALS WHO ARE BOARD MEMBERS OR OFFICERS OF VILLAGE PROJECT AND OFFICERS OF RICE UNIVERSITY IS DETERMINED ACCORDING TO PROCEDURES SET BY THE COMPENSATION AND ORGANIZATIONAL DEVELOPMENT COMMITTEE (CORD) OF THE BOARD OF TRUSTEES OF RICE UNIVERSITY WHOSE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. THE COMPENSATION FOR THOSE INDIVIDUALS WHO ARE OFFICERS OF VILLAGE PROJECT BUT NOT OFFICERS OF RICE UNIVERSITY IS SET IN ACCORDANCE WITH UNIVERSITY SALARY ADMINISTRATION GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE FORM 990, PART VI, SECTION B, LINE 15A RESPONSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 IS AVAILABLE UPON REQUEST. VILLAGE PROJECT DOES NOT PRODUCE SEPARATE AUDITED FINANCIAL STATEMENTS. THE CONSOLIDATED FINANCIAL STATEMENTS OF RICE UNIVERSITY EIN 74-1109620, WHICH INCLUDES VILLAGE PROJECT, ARE AVAILABLE ON ITS WEBSITE. THE ARTICLES OF INCORPORATION ARE FILED WITH THE STATE AND ARE PUBLICLY AVAILABLE. RICE UNIVERSITY'S SUBSIDIARIES FOLLOW THE UNIVERSITY'S CONFLICT OF INTEREST POLICY WHICH IS AVAILABLE ON THE UNIVERSITY'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Sec A, Line 7a, Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Sec A, Line 8b, Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Sec B, Line 15a, Process to establish compensation of top management official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Sec B, Line 15b, Process to establish compensation of other employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Sec C, Line 19, Required documents available to the public
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine10RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine11RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine12RICE UNIVERSITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0746067201
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PATENT COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1REAL ESTATE TITLE HOLDING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2BOOK PUBLISHERS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10RI PATENTS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine11PEABODY INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine12ACCELERATE LEARNING INC
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