Civic Intelligence

Linville Foundation Inc.

990 • Fiscal year 2023 • EIN 82-1682102

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 17, 2024

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

60th percentile

0.00x

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

2023 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.00x

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

2023 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2023

Net Margin

63rd percentile

23%

Higher net margin than 63% of similar nonprofits.

2023 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

59th percentile

$0

Higher top officer pay than 59% of similar nonprofits.

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

2023 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2023

Asset Growth

70th percentile

9.6%

Faster asset growth than 70% of similar nonprofits.

2023 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

32%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$3,230,062

Up $283,654 (+9.6%) from 2022

Net Assets

Up

$3,230,062

Up $283,654 (+9.6%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin63rd percentile

Revenue

Up

$685,731

Up $164,729 (+32%) from 2022

Expenses

Up

$530,056

Up $82,592 (+18%) from 2022

Net Income

Up

$155,675

Up $82,137 (+112%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2023

Assets$3,230,062
Liabilities$0
Net Assets$3,230,062
Open 2023 Filing

Operations Trend

Revenue Growth72nd 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

2023

Revenue$685,731
Expenses$530,056
Net Income$155,675
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 17, 2024
Return Version
2023v5.0
Gross Receipts
$3,259,707
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$2,523,584$2,917,001▲ $393,417
Cash and Non-Interest-Bearing Accounts$422,824$313,061▼ $109,763
Total Assets$2,946,408$3,230,062▲ $283,654
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,946,408$3,230,062▲ $283,654
Total Net Assets Fund Balance$2,946,408$3,230,062▲ $283,654
Total Liabilities and Net Assets / Fund Balance$2,946,408$3,230,062▲ $283,654
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
David ThompsonChairman
Thomas DalePresident
Caldwell RoseTrustee
Dianne BaileyTrustee
Gigi DemickTrustee
Harrison H Williamson JrTrustee
Mary Holt MurphyTrustee
Peter LarkinTrustee
Phillip McwaneTrustee
Robert Spilman IiiTrustee
Betsy AustinOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$512,313
Program Service Revenue
$0
Investment Income
$173,418
Other Revenue
$0
All Other Contributions
$512,313
Change in Net Assets
$155,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$481,275
Other Expenses$48,781
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$481,275--$481,275
Fees for Service Investment Mgmnt Fees$0$22,671$0$22,671
Fees for Services Management$11,215$0$0$11,215
Conferences and Meetings$0$9,157$0$9,157
Fees for Services Accounting$0$2,480$0$2,480
Insurance$0$1,440$0$1,440
Other Expenses$156$0$0$156
Total Functional Expenses$494,308$35,748$0$530,056
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
Thomas Dale
Title
President
Phone
8287333043
Signed
2024-03-17
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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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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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
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS DALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS M TENNANT
ReturnHeader/ReturnTs02024-05-13T06:06:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DALE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,230,062
Liabilities
$0
Net assets
$3,230,062
Revenue
$685,731
Expenses
$530,056
Net income
$155,675
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