Civic Intelligence

Vertuassets Foundation Inc.

990 • Fiscal year 2017 • EIN 82-2328799

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization Profilewww.vertuassets.org
PO Box 448Alpharetta, GA 30009-0448

(678) 892-1874

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets22nd percentile

Assets

$5,146,927

No earlier filing loaded for comparison.

Net Assets

$5,046,927

No earlier filing loaded for comparison.

Liabilities

$100,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin99th percentile

Revenue

$5,152,000

No earlier filing loaded for comparison.

Expenses

$105,073

No earlier filing loaded for comparison.

Net Income

$5,046,927

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30M$20M$10M$0Assets 2017: $5,146,927Liabilities 2017: $100,000Net Assets 2017: $5,046,9272017Assets 2019: $6,471,797Liabilities 2019: $80,389Net Assets 2019: $6,391,4082019Assets 2021: $11,318,136Liabilities 2021: $248,224Net Assets 2021: $11,069,9122021Assets 2022: $22,054,666Liabilities 2022: $100,020Net Assets 2022: $21,954,6462022Assets 2024: $11,595,413Liabilities 2024: $82,082Net Assets 2024: $11,513,3312024

Highlighted filing

2017

Assets$5,146,927
Liabilities$100,000
Net Assets$5,046,927
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$40M$20M$0-$20MRevenue 2017: $5,152,000Expenses 2017: $105,073Net Income 2017: $5,046,9272017Revenue 2019: $3,067,297Expenses 2019: $4,015,575Net Income 2019: -$948,2782019Revenue 2021: $9,672,097Expenses 2021: $7,687,328Net Income 2021: $1,984,7692021Revenue 2022: $37,486,655Expenses 2022: $26,898,148Net Income 2022: $10,588,5072022Revenue 2024: $5,132,128Expenses 2024: $10,161,181Net Income 2024: -$5,029,0532024

Highlighted filing

2017

Revenue$5,152,000
Expenses$105,073
Net Income$5,046,927
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$5,152,000
Mission and Program Overview

Mission

Enable donations of assets to fund causes benefiting those in need. Vertuassets reaches individuals and businesses that have a desire to give charitably from their wealth by donating appreciated assets so that more financial resources may be given to non profit organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$2,894,650-
Other Notes and Loans Receivable, Net-$1,442,192-
Land, Buildings, and Equipment, Net-$794,000-
Cash and Non-Interest-Bearing Accounts-$16,085-
Total Assets$0$5,146,927▲ $5,146,927
Liabilities
Accounts Payable and Accrued Expenses-$100,000-
Total Liabilities$0$100,000▲ $100,000
Net Assets / Fund Balance
Unrestricted Net Assets-$5,046,927-
Total Net Assets Fund Balance$0$5,046,927▲ $5,046,927
Total Liabilities and Net Assets / Fund Balance$0$5,146,927▲ $5,146,927

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$259,000--
Land$535,000--
Other Securities$2,894,650--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Pamela PughPresident Director
Ray TylerDirector
Dana E RingSecretary Treasurer Direc
Revenue and Support

Revenue Composition

Contributions and Grants
$5,152,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,152,000
Change in Net Assets
$5,046,927

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts6$3,047,150Estimated Fair Market Value (FMV)
Real Estate Other5$1,544,000Fair Market Value (FMV)
Other Non Cash Contri Table2$540,000Note Value
Total Noncash Contributions13$5,131,150-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,073
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
Fees for Services Management-$100,000-$100,000
Other Expenses-$308-$308
Office Expenses-$40-$40
Total Functional Expenses$0$105,073$0$105,073
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
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
Yes
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 governing body review Part VI line 11

“The form 990 is provided to the board of directors prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“Annual certification regarding conflicts of interest is required.”

CEO executive director top management comp Part VI line 15A

“The compensation for all employees is reviewed against comparable organizations and approved by the governing body.”

Other officer or key employee compensation Part VI line 15B

“The compensation for all employees is reviewed against comparable organizations and approved by the governing body.”

Form 990 availability to public Part VI line 18

“The form 990 is available upon request.”

Governing documents etc available to public Part VI line 19

“The governing documents and conflicts of interets policy are not made available to the public. The financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Vertuassets Foundation Inc
EIN
82-2328799
Address
PO BOX 448, ALPHARETTA, GA 30009-0448

Signing Officer

Name
Dana E Ring
Title
Secretary
Signed
2018-11-15

Organization Details

Principal Officer
Pamela Pugh
Formed
2017
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
2
Employees
0
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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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ReturnHeader/FilingSecurityInformation/IPTm019:03:54
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ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,146,927
Liabilities
$100,000
Net assets
$5,046,927
Revenue
$5,152,000
Expenses
$105,073
Net income
$5,046,927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$0.08$11.5$5.13$10.2$5.03
2022Detailed filing. Detailed filing data is available for this year.$22.1$0.10$22.0$37.5$26.9$10.6
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$0.25$11.1$9.67$7.69$1.98
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.47$0.08$6.39$3.07$4.02$0.95
2017Detailed filing. Detailed filing data is available for this year.$5.15$0.10$5.05$5.15$0.11$5.05