Civic Intelligence

Linville Foundation Inc.

990 • Fiscal year 2024 • EIN 82-1682102

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 17, 2025

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

61st percentile

0.00x

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

2024 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

2024 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2024

Net Margin

55th percentile

23%

Higher net margin than 55% of similar nonprofits.

2024 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

66th percentile

$10,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2024 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2024

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2024 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-2.9%

Faster revenue growth than 29% of similar nonprofits.

2024 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$3,555,388

Up $325,326 (+10%) from 2023

Net Assets

Up

$3,555,388

Up $325,326 (+10%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin55th percentile

Revenue

Down

$665,998

Down $19,733 (-2.9%) from 2023

Expenses

Down

$514,716

Down $15,340 (-2.9%) from 2023

Net Income

Down

$151,282

Down $4,393 (-2.8%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2024

Assets$3,555,388
Liabilities$0
Net Assets$3,555,388
Open 2024 Filing

Operations Trend

Revenue Growth29th 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

2024

Revenue$665,998
Expenses$514,716
Net Income$151,282
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 17, 2025
Return Version
2024v5.1
Gross Receipts
$1,332,948
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$2,917,001$3,190,511▲ $273,510
Cash and Non-Interest-Bearing Accounts$313,061$364,877▲ $51,816
Total Assets$3,230,062$3,555,388▲ $325,326
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,230,062$3,555,388▲ $325,326
Total Net Assets Fund Balance$3,230,062$3,555,388▲ $325,326
Total Liabilities and Net Assets / Fund Balance$3,230,062$3,555,388▲ $325,326
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleOtherTotal
Betsy AustinSecretary / Treasurer$10,000$10,000

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
Revenue and Support

Revenue Composition

Contributions and Grants
$543,051
Program Service Revenue
$0
Investment Income
$122,947
Other Revenue
$0
All Other Contributions
$543,051
Change in Net Assets
$151,282

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$31,951Average Share Price
Total Noncash Contributions3$31,951-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$457,550
Other Expenses$57,166
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$457,350--$457,350
Fees for Service Investment Mgmnt Fees$0$23,482$0$23,482
Conferences and Meetings$0$15,547$0$15,547
Fees for Services Management$10,000$1,215$0$11,215
Fees for Services Accounting$0$2,520$0$2,520
Insurance$0$1,440$0$1,440
Office Expenses$0$693$0$693
Grants to Domestic Orgs$200--$200
Other Expenses$0$33$0$33
Total Functional Expenses$468,282$46,434$0$514,716
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
2025-04-17
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
2348 Highway 105, 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 foundations 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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IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68890
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.68220
IRS990ScheduleA/PublicSupportTotal170Amt02106026
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0543083
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0543051
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0512313
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0520388
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0742907
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0330450
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02649109
IRS990ScheduleA/TotalSupportAmt03057147
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0457350
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO STUDENTS ENROLLED IN GRADUATE, UNDERGRADUATE OR VOC ED TRAINING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt076
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
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0AVERAGE SHARE PRICE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt031951
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES PUBLICLY TRADED SECURITIES FROM TIME TO TIME, ALL PUBLICLY TRADED SECURITIES ARE SOLD THROUGH WELLS FARGO BROKERAGE
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 32b
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES REVIEWS THE 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATIONS 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt03555388
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0468282
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0468282
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0122947
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0665998
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03230062
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03555388
IRS990/TotReportableCompRltdOrgAmt010000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 99
IRS990/USAddress/CityNm0LINVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028646
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS DALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08287333043
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINVILLE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LINV
ReturnHeader/Filer/EIN0821682102
ReturnHeader/Filer/PhoneNum08287333043
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 99
ReturnHeader/Filer/USAddress/CityNm0LINVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028646
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562067992
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Combs Tennant & Carpenter PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02348 Highway 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Boone
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028607
ReturnHeader/PreparerPersonGrp/PhoneNum08287330066

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,555,388
Liabilities
$0
Net assets
$3,555,388
Revenue
$665,998
Expenses
$514,716
Net income
$151,282
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $1M-$5M nonprofits