Civic Intelligence

Positive Vibe Foundation

990 • Fiscal year 2016 • EIN 80-0016181

Aug 01, 2015 to Jul 31, 2016 • Filed on Jan 23, 2017

2825 Hathaway RoadRichmond, VA 23225

(804) 560-9622

Siviq Scores

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

Liabilities / Assets

56th percentile

0.07x

Higher debt load relative to assets than 56% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

44th percentile

0.02x

Higher debt load relative to revenue than 44% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

27th percentile

-6.2%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$68,153

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

29th percentile

-7.7%

Faster revenue growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$249,552

Down $38,954 (-14%) from 2015

Net Assets

Down

$232,978

Down $42,774 (-16%) from 2015

Liabilities

Up

$16,574

Up $3,820 (+30%) from 2015

Revenue

Down

$692,586

Down $57,744 (-7.7%) from 2015

Expenses

Down

$735,360

Down $13,649 (-1.8%) from 2015

Net Income

Down

-$42,774

Down $44,095 (-3338%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $326,844Liabilities 2011: $7,309Net Assets 2011: $319,5352011Assets 2012: $292,407Liabilities 2012: $4,317Net Assets 2012: $288,0902012Assets 2013: $273,645Liabilities 2013: $8,805Net Assets 2013: $264,8402013Assets 2014: $289,565Liabilities 2014: $11,975Net Assets 2014: $277,5902014Assets 2015: $288,506Liabilities 2015: $12,754Net Assets 2015: $275,7522015Assets 2016: $249,552Liabilities 2016: $16,574Net Assets 2016: $232,9782016Assets 2017: $251,683Liabilities 2017: $19,026Net Assets 2017: $232,6572017Assets 2018: $230,325Liabilities 2018: $21,858Net Assets 2018: $208,4672018Assets 2019: $234,681Liabilities 2019: $23,993Net Assets 2019: $210,6882019Assets 2020: $272,629Liabilities 2020: $10,257Net Assets 2020: $262,3722020Assets 2021: $366,383Liabilities 2021: $10,236Net Assets 2021: $356,1472021Assets 2022: $242,802Liabilities 2022: $234Net Assets 2022: $242,5682022Assets 2023: $213,483Liabilities 2023: $1,611Net Assets 2023: $211,8722023Assets 2024: $150,349Liabilities 2024: $280Net Assets 2024: $150,0692024

Highlighted filing

2016

Assets$249,552
Liabilities$16,574
Net Assets$232,978

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $965,706Expenses 2011: $939,535Net Income 2011: $26,1712011Revenue 2012: $850,027Expenses 2012: $867,927Net Income 2012: -$17,9002012Expenses 2013: $737,5202013Revenue 2014: $745,295Expenses 2014: $731,137Net Income 2014: $14,1582014Revenue 2015: $750,330Expenses 2015: $749,009Net Income 2015: $1,3212015Revenue 2016: $692,586Expenses 2016: $735,360Net Income 2016: -$42,7742016Revenue 2017: $798,218Expenses 2017: $789,462Net Income 2017: $8,7562017Revenue 2018: $820,505Expenses 2018: $848,202Net Income 2018: -$27,6972018Revenue 2019: $790,162Expenses 2019: $787,941Net Income 2019: $2,2212019Revenue 2020: $697,160Expenses 2020: $645,474Net Income 2020: $51,6862020Revenue 2021: $342,526Expenses 2021: $248,751Net Income 2021: $93,7752021Revenue 2022: $146,135Expenses 2022: $259,714Net Income 2022: -$113,5792022Revenue 2023: $199,332Expenses 2023: $230,028Net Income 2023: -$30,6962023Revenue 2024: $149,160Expenses 2024: $210,963Net Income 2024: -$61,8032024

Highlighted filing

2016

Revenue$692,586
Expenses$735,360
Net Income-$42,774
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Jan 23, 2017
Return Version
2015v3.0
Gross Receipts
$712,946
Mission and Program Overview

Mission

The positive vibe foundation is wholeheartedly dedicated to providing transformative training and coaching to help individuals with disabilities lead fulfilling and independent lives.

To establish a training cafe to teach basic kitchen & restaurant skills to disadvantaged people to provide independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$245,668$235,577▼ $10,091
Inventories for Sale or Use$10,743$13,469▲ $2,726
Prepaid Expenses and Deferred Charges$1,744$1,625▼ $119
Cash and Non-Interest-Bearing Accounts$30,351$-1,119▼ $31,470
Total Assets$288,506$249,552▼ $38,954
Liabilities
Other Liabilities$8,857$10,477▲ $1,620
Deferred Revenue$3,808$6,097▲ $2,289
Accounts Payable and Accrued Expenses$89--
Total Liabilities$12,754$16,574▲ $3,820
Net Assets / Fund Balance
Unrestricted Net Assets$275,752$232,978▼ $42,774
Total Net Assets Fund Balance$275,752$232,978▼ $42,774
Total Liabilities and Net Assets / Fund Balance$288,506$249,552▼ $38,954

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$215,606$57,478$273,084
Equipment$3,473$88,400$91,873
Other Land Buildings$15,274$34,266$49,540
Buildings$1,224$180$1,404
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Garth LarcenEx. DirectorFT$57,200$10,953$68,153

Board Members and Trustees

NameTitle
Judy AverillChair
Austin WelderDirector
Beth ConnerDirector
Chris WellesDirector
David OwensDirector
Franchon Randall CPADirector
Laura TaylorDirector
Stacey RicksDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$334,947
Program Service Revenue
$313,279
Investment Income
$0
Other Revenue
$44,360
All Other Contributions
$309,947
Change in Net Assets
$-42,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$412,469
Salaries, Compensation, and Employee Benefits$322,891
Total Fundraising Expense$28,035
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$201,048$18,867-$219,915
Occupancy$81,185--$81,185
Current Officers, Directors, Trustees, and Key Employees$11,440$40,040$5,720$57,200
All Other Expenses$35,079$9,548-$44,627
Payroll Taxes$18,624$6,906-$25,530
Other Employee Benefits$9,293$10,953-$20,246
Other Expenses$26,381$12,311$22,315$12,311
Depreciation Depletion$10,091--$10,091
Fees for Services Accounting-$4,635-$4,635
Interest$1,602--$1,602
Total Functional Expenses$604,065$103,260$28,035$735,360
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$64,720
Fundraising Direct Expenses$20,360
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Coaches Cookoff$63,906$38,906$4,176$34,730
Vibefest 2016$12,750$12,750$2,949$9,801
Total Events$89,720$64,720$20,360$44,360
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance From Rewards Network$7,088
Payroll Liabilities$2,697
Sales Tax Payable$1,768
Employee Tips Payable$-1,076
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

The form 990 is provided to the executive director electronically for dissemination to the board of directors for comment prior to filing the annual information return.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director and training personnel is reviewed by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents and form 990 are available upon request during normal business hours and are also available on the guidestar.org website.

Filing and Contact Details

Filer

Filer Name
Positive Vibe Foundation
EIN
80-0016181
Phone
8045609622
Address
2825 HATHAWAY ROAD, RICHMOND, VA 23225

Signing Officer

Name
Garth Larcen
Title
Ex. Director
Phone
8045609622
Signed
2017-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garth Larcen
Formed
2001
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
40

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
William E Hardy
Phone
8045600560
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR ELECTRONICALLY FOR DISSEMINATION TO THE BOARD OF DIRECTORS FOR COMMENT PRIOR TO FILING THE ANNUAL INFORMATION RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION FOR THE EXECUTIVE DIRECTOR AND TRAINING PERSONNEL IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST DURING NORMAL BUSINESS HOURS AND ARE ALSO AVAILABLE ON THE GUIDESTAR.ORG WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$1.49$2.11$0.62
2023Detailed filing. Detailed filing data is available for this year.$2.13$0.02$2.12$1.99$2.30$0.31
2022Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$1.46$2.60$1.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$0.10$3.56$3.43$2.49$0.94
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.10$2.62$6.97$6.45$0.52
2019Detailed filing. Detailed filing data is available for this year.$2.35$0.24$2.11$7.90$7.88$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.30$0.22$2.08$8.21$8.48$0.28
2017Detailed filing. Detailed filing data is available for this year.$2.52$0.19$2.33$7.98$7.89$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.50$0.17$2.33$6.93$7.35$0.43
2015Detailed filing. Detailed filing data is available for this year.$2.89$0.13$2.76$7.50$7.49$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.90$0.12$2.78$7.45$7.31$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.09$2.65$7.38
2012Summary only. Only limited summary data is available for this year.$2.92$0.04$2.88$8.50$8.68$0.18
2011Summary only. Only limited summary data is available for this year.$3.27$0.07$3.20$9.66$9.40$0.26