Civic Intelligence

Linville Foundation Inc.

990 • Fiscal year 2021 • EIN 82-1682102

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 09, 2022

Organization ProfileN/A
PO Box 99Linville, NC 28646

(828) 733-3043

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2021 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.00x

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

2021 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2021

Net Margin

79th percentile

69%

Higher net margin than 79% of similar nonprofits.

2021 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$10,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2021 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2021

Asset Growth

82nd percentile

25%

Faster asset growth than 82% of similar nonprofits.

2021 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

194%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$3,360,250

Up $670,720 (+25%) from 2020

Net Assets

Up

$3,360,250

Up $670,720 (+25%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin79th percentile

Revenue

Up

$1,097,797

Up $724,491 (+194%) from 2020

Expenses

Down

$343,332

Down $59,928 (-15%) from 2020

Net Income

Up

$754,465

Up $784,419 (+2619%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $2,021,423Liabilities 2017: $0Net Assets 2017: $2,021,4232017Assets 2018: $2,030,258Liabilities 2018: $0Net Assets 2018: $2,030,2582018Assets 2019: $2,492,068Liabilities 2019: $0Net Assets 2019: $2,492,0682019Assets 2020: $2,689,530Liabilities 2020: $0Net Assets 2020: $2,689,5302020Assets 2021: $3,360,250Liabilities 2021: $0Net Assets 2021: $3,360,2502021Assets 2022: $2,946,408Liabilities 2022: $0Net Assets 2022: $2,946,4082022Assets 2023: $3,230,062Liabilities 2023: $0Net Assets 2023: $3,230,0622023Assets 2024: $3,555,388Liabilities 2024: $0Net Assets 2024: $3,555,3882024

Highlighted filing

2021

Assets$3,360,250
Liabilities$0
Net Assets$3,360,250
Open 2021 Filing

Operations Trend

Revenue Growth78th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $406,104Expenses 2017: $138,931Net Income 2017: $267,1732017Revenue 2018: $420,061Expenses 2018: $247,431Net Income 2018: $172,6302018Revenue 2019: $475,729Expenses 2019: $316,049Net Income 2019: $159,6802019Revenue 2020: $373,306Expenses 2020: $403,260Net Income 2020: -$29,9542020Revenue 2021: $1,097,797Expenses 2021: $343,332Net Income 2021: $754,4652021Revenue 2022: $521,002Expenses 2022: $447,464Net Income 2022: $73,5382022Revenue 2023: $685,731Expenses 2023: $530,056Net Income 2023: $155,6752023Revenue 2024: $665,998Expenses 2024: $514,716Net Income 2024: $151,2822024

Highlighted filing

2021

Revenue$1,097,797
Expenses$343,332
Net Income$754,465
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 9, 2022
Return Version
2021v4.1
Gross Receipts
$1,760,703
Mission and Program Overview

Mission

The Foundation inspires, encourages, and supports students in their pursuit of college, graduate, or vocational education through financial aid and the granting of scholarship awards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,525,181$3,033,844▲ $508,663
Cash and Non-Interest-Bearing Accounts$164,349$326,406▲ $162,057
Total Assets$2,689,530$3,360,250▲ $670,720
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,689,530$3,360,250▲ $670,720
Total Net Assets Fund Balance$2,689,530$3,360,250▲ $670,720
Total Liabilities and Net Assets / Fund Balance$2,689,530$3,360,250▲ $670,720
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleBaseTotal
Betsy AustinOfficer$10,000$10,000

Board Members and Trustees

NameTitle
David ThompsonChairman
Tom DalePresident
Caldwell RoseTrustee
Chip WilliamsonTrustee
Dianne BaileyTrustee
Dudley WhiteTrustee
Gigi DemickTrustee
Peter LarkinTrustee
Phillip McwaneTrustee
Robert Spilman IiiTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$742,907
Program Service Revenue
$0
Investment Income
$354,890
Other Revenue
$0
All Other Contributions
$742,907
Change in Net Assets
$754,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$292,370
Other Expenses$40,962
Salaries, Compensation, and Employee Benefits$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$292,370--$292,370
Fees for Service Investment Mgmnt Fees$0$23,483$0$23,483
Current Officers, Directors, Trustees, and Key Employees$7,500$2,500$0$10,000
Conferences and Meetings$0$8,338$0$8,338
Other Expenses$4,234$0$0$4,234
Fees for Services Accounting$0$2,550$0$2,550
Insurance$0$1,267$0$1,267
Office Expenses$0$51$0$51
Total Functional Expenses$305,143$38,189$0$343,332
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 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Linville Foundation Inc
EIN
82-1682102
Phone
8287333043
Address
PO BOX 99, LINVILLE, NC 28646

Signing Officer

Name
Tom Dale
Title
President
Phone
8287333043
Signed
2022-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Dale
Formed
2017
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Combs Tennant & Carpenter Pc
Address
PO BOX 1098, BOONE, NC 28607
Preparer
Douglas M Tennant
Phone
8287330066
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The board of trustees reviews the 990 before filing”

Pt VI, Line 12C

“The foundation's conflicts of interest policy covers all board members and officers of the organization (interested persons). All interested persons are required to disclose annually any conflicts of interest that arise. The board of directors determines whether a conflict of interest exists after reviewing the matter with the interested person. Any interested person who engages in a transaction that creates a conflict of interest is precluded from voting on matters pertaining to the transaction whenever there is a violation of the conflicts of interest policy, the board of directors informs the interested person about the conflict and takes appropriate corrective action. The board of directors is responsible for conducting periodic reviews to ensure compliance with the conflicts of interest policy.”

Pt VI, Line 15A

“The board of directors determines any pay that the director, officers or any employee may receive.”

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0292370
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHISPS TO STUDENTS ENROLLED IN GRADUATE, UNDERGRADUATE DEGREES OR VACATIONAL TRAINING
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE LINVILLE FOUNDATION HAS POLICIES AND PROCEDURES IN PLACE TO ENSURE THAT SCHOLARSHIP AWARDS ARE USED FOR THEIR INTENDED PURPOSE. TO BE CONSIDERED FOR A SCHOLARSHIP, APPLICANTS MUST SUBMIT PROOF OF ENROLLMENT OR ACCEPTANCE WITH THEIR APPLICATION. IN ADDITION, THE FOUNDATION MAINTAINS CONTACT WITH AWARD RECIPIENTS THROUGHOUT THE YEAR TO VERIFY THEIR ACADEMIC PROGRESS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES REVIEWS THE 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S CONFLICTS OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND OFFICERS OF THE ORGANIZATION (INTERESTED PERSONS). ALL INTERESTED PERSONS ARE REQUIRED TO DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST THAT ARISE. THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS AFTER REVIEWING THE MATTER WITH THE INTERESTED PERSON. ANY INTERESTED PERSON WHO ENGAGES IN A TRANSACTION THAT CREATES A CONFLICT OF INTEREST IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THE TRANSACTION WHENEVER THERE IS A VIOLATION OF THE CONFLICTS OF INTEREST POLICY, THE BOARD OF DIRECTORS INFORMS THE INTERESTED PERSON ABOUT THE CONFLICT AND TAKES APPROPRIATE CORRECTIVE ACTION. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR CONDUCTING PERIODIC REVIEWS TO ENSURE COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES ANY PAY THAT THE DIRECTOR, OFFICERS OR ANY EMPLOYEE MAY RECEIVE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
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IRS990/USAddress/ZIPCd028646
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IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM DALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08287333043
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-09
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ReturnHeader/Filer/BusinessNameControlTxt0LINV
ReturnHeader/Filer/EIN0821682102
ReturnHeader/Filer/PhoneNum08287333043
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COMBS TENNANT & CARPENTER PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOONE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum08287330066
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS M TENNANT
ReturnHeader/ReturnTs02022-05-06T04:08:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TOM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DALE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,360,250
Liabilities
$0
Net assets
$3,360,250
Revenue
$1,097,797
Expenses
$343,332
Net income
$754,465
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.56$0.00$3.56$0.67$0.51$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.23$0.00$3.23$0.69$0.53$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.95$0.00$2.95$0.52$0.45$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$1.10$0.34$0.75
2020Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.37$0.40$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.48$0.32$0.16
2018Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$0.42$0.25$0.17
2017Summary only. Only limited summary data is available for this year.$2.02$0.00$2.02$0.41$0.14$0.27