Civic Intelligence

Southwest Virginia Higher Education Center Foundation

990 • Fiscal year 2019 • EIN 80-0232306

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 17, 2020

Organization ProfileN/A
One Partnership CircleAbingdon, VA 24210

(276) 619-4345

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.05x

Higher debt load relative to revenue than 22% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

9th percentile

-30%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

15th percentile

-6.1%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$7,663,778

Down $493,790 (-6.1%) from 2018

Net Assets

Down

$7,584,903

Down $528,816 (-6.5%) from 2018

Liabilities

Up

$78,875

Up $35,026 (+80%) from 2018

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin9th percentile

Revenue

Up

$1,739,049

Up $173,091 (+11%) from 2018

Expenses

Down

$2,267,865

Down $779,112 (-26%) from 2018

Net Income

Up

-$528,816

Up $952,203 (+64%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$15M$10M$5.0M$0Assets 2009: $1Liabilities 2009: $0Net Assets 2009: $02009Assets 2010: $62,560Liabilities 2010: $0Net Assets 2010: $62,5602010Assets 2013: $6,574,946Liabilities 2013: $1,089,263Net Assets 2013: $5,485,6832013Assets 2014: $10,019,640Liabilities 2014: $256,651Net Assets 2014: $9,762,9892014Assets 2015: $10,500,985Liabilities 2015: $45,536Net Assets 2015: $10,455,4492015Assets 2016: $10,134,553Liabilities 2016: $113,741Net Assets 2016: $10,020,8122016Assets 2017: $9,596,457Liabilities 2017: $1,719Net Assets 2017: $9,594,7382017Assets 2018: $8,157,568Liabilities 2018: $43,849Net Assets 2018: $8,113,7192018Assets 2019: $7,663,778Liabilities 2019: $78,875Net Assets 2019: $7,584,9032019Assets 2020: $7,171,822Liabilities 2020: $15,197Net Assets 2020: $7,156,6252020Assets 2021: $6,877,615Liabilities 2021: $111,511Net Assets 2021: $6,766,1042021Assets 2022: $6,466,633Liabilities 2022: $10,000Net Assets 2022: $6,456,6332022Assets 2023: $6,210,152Liabilities 2023: $12,000Net Assets 2023: $6,198,1522023Assets 2024: $6,372,787Liabilities 2024: $10,000Net Assets 2024: $6,362,7872024

Highlighted filing

2019

Assets$7,663,778
Liabilities$78,875
Net Assets$7,584,903
Open 2019 Filing

Operations Trend

Revenue Growth67th percentile

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

$10M$5.0M$0-$5.0MRevenue 2009: $0Expenses 2009: $0Net Income 2009: $02009Revenue 2010: $0Expenses 2010: $0Net Income 2010: $02010Revenue 2013: $7,622,783Expenses 2013: $2,725,822Net Income 2013: $4,896,9612013Revenue 2014: $8,730,454Expenses 2014: $4,453,148Net Income 2014: $4,277,3062014Revenue 2015: $5,760,796Expenses 2015: $5,068,336Net Income 2015: $692,4602015Revenue 2016: $9,155,183Expenses 2016: $9,257,900Net Income 2016: -$102,7172016Revenue 2017: $8,351,977Expenses 2017: $8,773,481Net Income 2017: -$421,5042017Revenue 2018: $1,565,958Expenses 2018: $3,046,977Net Income 2018: -$1,481,0192018Revenue 2019: $1,739,049Expenses 2019: $2,267,865Net Income 2019: -$528,8162019Revenue 2020: $1,222,648Expenses 2020: $1,650,926Net Income 2020: -$428,2782020Revenue 2021: $1,424,900Expenses 2021: $1,815,421Net Income 2021: -$390,5212021Revenue 2022: $622,435Expenses 2022: $826,533Net Income 2022: -$204,0982022Revenue 2023: $142,397Expenses 2023: $399,685Net Income 2023: -$257,2882023Revenue 2024: $622,221Expenses 2024: $460,303Net Income 2024: $161,9182024

Highlighted filing

2019

Revenue$1,739,049
Expenses$2,267,865
Net Income-$528,816
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 17, 2020
Return Version
2018v3.1
Gross Receipts
$1,977,832
Mission and Program Overview

Mission

The foundation was formed to support the educational programs and activities of the southwest virginia higher education center and the clean energy research and development center by providing administrative services, engaging in all matters. The foundation also administrates the tobacco region scholarship program on behalf of the virginia tobacco region revitalization commission.

The foundation was formed to support the educational programs and activities of the southwest virginia higher education center and the clean energy research and development center by providing administrative services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,373,842$6,931,557▼ $442,285
Savings and Temporary Cash Investments$783,726$732,221▼ $51,505
Total Assets$8,157,568$7,663,778▼ $493,790
Liabilities
Accounts Payable and Accrued Expenses$1,947$50,000▲ $48,053
Grants Payable$41,902$28,875▼ $13,027
Total Liabilities$43,849$78,875▲ $35,026
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,113,719$7,584,903▼ $528,816
Total Net Assets Fund Balance$8,113,719$7,584,903▼ $528,816
Total Liabilities and Net Assets / Fund Balance$8,157,568$7,663,778▼ $493,790

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,565,483$884,442$6,449,925
Equipment$992,676$2,491,571$3,484,247
Land$373,398-$373,398
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Gary HearlChairman
Alicia YoungVice President of Finance
Carol JonesDirector
David MatlockDirector
Del Todd PillionDirector
John RaineroDirector
Joseph P Johnson JrDirector
Mark GrahamDirector
Pat CalebsDirector
Sam NeeseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,850,383
Program Service Revenue
$26,341
Investment Income
$8,108
Other Revenue
$-145,783
All Other Contributions
$14,425
Change in Net Assets
$-528,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,267,865
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
Depreciation Depletion$435,718--$435,718
Fees for Services Other-$16,833-$16,833
Office Expenses-$12,580-$12,580
Other Expenses$11,541--$11,541
Fees for Services Accounting-$5,490-$5,490
Fees for Services Legal-$4,274-$4,274
Insurance-$1,149-$1,149
Total Functional Expenses$2,227,539$40,326$0$2,267,865
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
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

“A draft of form 990 is made available to members of the board of directors for their review approximately one week prior to filing.”

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

“The conflict of interest statements are on file with the vp of finance who is responsible for monitoring the disclosed conflicts.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflict of interest policy, and financial statements may be distributed to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Southwest Virginia Higher Education
EIN
80-0232306
Phone
2766194345
Address
ONE PARTNERSHIP CIRCLE, ABINGDON, VA 24210

Signing Officer

Name
Alicia C Young
Title
V.p. of Finance
Phone
2766194345
Signed
2020-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alicia C Young
Formed
2008
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
513 STATE STREET, BRISTOL, VA 24201
Preparer
Nita F Vollmer
Phone
2766696171
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE BY-LAWS OF THE FOUNDATION LIMIT THE NUMBER OF FOUNDATION BOARD OF DIRECTORS WHO ALSO SERVE ON THE BOARD OF TRUSTEES OF THE SUPPORTED ORGANIZATION, THE SOUTHWEST VIRGINIA HIGHER EDUCATION CENTER, TO TWO COMMON MEMBERS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION C, LINE 1
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SOUTHWEST VIRGINIA HIGHER EDUCATION CENTER
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
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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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05565483
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0884442
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06449925
IRS990ScheduleD/EquipmentGrp/BookValueAmt0992676
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02491571
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03484247
IRS990ScheduleD/LandGrp/BookValueAmt0373398
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0373398
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06931557
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 IS MADE AVAILABLE TO MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW APPROXIMATELY ONE WEEK PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST STATEMENTS ARE ON FILE WITH THE VP OF FINANCE WHO IS RESPONSIBLE FOR MONITORING THE DISCLOSED CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS MAY BE DISTRIBUTED TO THE PUBLIC UPON REQUEST.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SOUTHWEST VIRGINIA HIGHER EDUCATION CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0546001796
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0170(B)(1)(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATIONAL ASSISTANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12C, III-FI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE PARTNERSHIP CIRCLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ABINGDON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd024210
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt08113719
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07584903
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08157568
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IRS990/TotalAssetsGrp/BOYAmt08157568
IRS990/TotalAssetsGrp/EOYAmt07663778
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01850383
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040326
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02227539
IRS990/TotalFunctionalExpensesGrp/TotalAmt02267865
IRS990/TotalGrossUBIAmt0-145783
IRS990/TotalLiabilitiesBOYAmt043849
IRS990/TotalLiabilitiesEOYAmt078875
IRS990/TotalLiabilitiesGrp/BOYAmt043849
IRS990/TotalLiabilitiesGrp/EOYAmt078875
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07584903
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02227539
IRS990/TotalProgramServiceRevenueAmt026341
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08108
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026341
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01739049
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-145783
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07663778
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1987
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IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd0242121987
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALICIA C YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0V.P. OF FINANCE
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-17
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CENTER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0800232306
ReturnHeader/Filer/PhoneNum02766194345
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ReturnHeader/Filer/USAddress/CityNm0ABINGDON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CE530EA759AC3AF6BB0EECEF8950573E07121913

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
$7,663,778
Liabilities
$78,875
Net assets
$7,584,903
Revenue
$1,739,049
Expenses
$2,267,865
Net income
-$528,816
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.37$0.01$6.36$0.62$0.46$0.16
2023Detailed filing. Detailed filing data is available for this year.$6.21$0.01$6.20$0.14$0.40$0.26
2022Detailed filing. Detailed filing data is available for this year.$6.47$0.01$6.46$0.62$0.83$0.20
2021Detailed filing. Detailed filing data is available for this year.$6.88$0.11$6.77$1.42$1.82$0.39
2020Detailed filing. Detailed filing data is available for this year.$7.17$0.02$7.16$1.22$1.65$0.43
2019Detailed filing. Detailed filing data is available for this year.$7.66$0.08$7.58$1.74$2.27$0.53
2018Detailed filing. Detailed filing data is available for this year.$8.16$0.04$8.11$1.57$3.05$1.48
2017Detailed filing. Detailed filing data is available for this year.$9.60$0.00$9.59$8.35$8.77$0.42
2016Detailed filing. Detailed filing data is available for this year.$10.1$0.11$10.0$9.16$9.26$0.10
2015Detailed filing. Detailed filing data is available for this year.$10.5$0.05$10.5$5.76$5.07$0.69
2014Detailed filing. Detailed filing data is available for this year.$10.0$0.26$9.76$8.73$4.45$4.28
2013Summary only. Only limited summary data is available for this year.$6.57$1.09$5.49$7.62$2.73$4.90
2010Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.00$0.00$0.00
2009Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00