Civic Intelligence

Vekter Foundation

990EZ • Fiscal year 2022 • EIN 84-3627635

Oct 01, 2021 to Sep 30, 2022 • Filed on Oct 28, 2022

Organization ProfileN/A
400 Broad StreetGadsden, AL 35901

(256) 543-8902

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

96th percentile

266%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

200%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$26,058

Up $18,937 (+266%) from 2021

Net Assets

Up

$26,058

Up $18,937 (+266%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin94th percentile

Revenue

Up

$27,010

Up $18,010 (+200%) from 2021

Expenses

Up

$8,073

Up $5,094 (+171%) from 2021

Net Income

Up

$18,937

Up $12,916 (+215%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$100K$50K$0Assets 2020: $1,100Liabilities 2020: $0Net Assets 2020: $1,1002020Assets 2021: $7,121Liabilities 2021: $0Net Assets 2021: $7,1212021Assets 2022: $26,058Liabilities 2022: $0Net Assets 2022: $26,0582022Assets 2023: $52,194Liabilities 2023: $0Net Assets 2023: $52,1942023Assets 2024: $84,566Net Assets 2024: $84,5662024Assets 2025: $96,282Net Assets 2025: $96,2822025

Highlighted filing

2022

Assets$26,058
Liabilities$0
Net Assets$26,058
Open 2022 Filing

Operations Trend

Revenue Growth91st percentile

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

$60K$40K$20K$0Revenue 2020: $1,625Expenses 2020: $525Net Income 2020: $1,1002020Revenue 2021: $9,000Expenses 2021: $2,979Net Income 2021: $6,0212021Revenue 2022: $27,010Expenses 2022: $8,073Net Income 2022: $18,9372022Revenue 2023: $40,216Expenses 2023: $14,080Net Income 2023: $26,1362023Revenue 2024: $44,970Expenses 2024: $12,598Net Income 2024: $32,3722024Revenue 2025: $24,062Expenses 2025: $12,347Net Income 2025: $11,7152025

Highlighted filing

2022

Revenue$27,010
Expenses$8,073
Net Income$18,937
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Oct 28, 2022
Return Version
2021v4.0
Gross Receipts
$27,010
Mission and Program Overview

Mission

The initial primary purpose is to provide need based scholarships. Additional activities will be to enhance education, healthcare, housing and services for individuals by partnering with other nonprofits and resources

Program Services

DescriptionGrantsExpenses
EDUCATIONAL SERVICES AND SCHOLARSHIPS$7,500$8,073
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PHILLIP CARRPresidentPT$0--
RHONDA CARRTreasurerPT$0--
TYLER CARRSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Vekter Foundation
EIN
84-3627635
Phone
2565438902
Address
400 BROAD STREET, GADSDEN, AL 35901

Signing Officer

Name
Phillip Carr
Title
President
Phone
2565438902
Signed
2022-10-28
Discuss with paid preparer
Yes

Preparer

Firm
Boatner & Pugh
Address
715 WALNUT ST FL 2, GADSDEN, AL 35901
Preparer
Roger C Boatner
Phone
2565438902
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“CASH CONTRIBUTION: 7,500”

Form 990-ez, Part I, Line 16

“Expenses supplies 120 total 120”

Form 990-ez, Part III

“The initial primary purpose is to provide need based scholarships. Additional activities will be to enhance education, healthcare, housing and services for individuals by partnering with other nonprofits and resources”

Raw XML Appendix120 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0PHILLIP CARR
IRS990EZ/BooksInCareOfDetail/PhoneNum02565474407
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0400 BROAD STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GADSDEN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd035901
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt07121
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt026058
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt018937
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0453
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt07121
IRS990EZ/Form990TotalAssetsGrp/EOYAmt026058
IRS990EZ/GrantsAndSimilarAmountsPaidAmt07500
IRS990EZ/GrossReceiptsAmt027010
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt07121
IRS990EZ/NetAssetsOrFundBalancesEOYAmt026058
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt07121
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt026058
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PHILLIP CARR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RHONDA CARR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TYLER CARR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0120
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE INITIAL PRIMARY PURPOSE IS TO PROVIDE NEED BASED SCHOLARSHIPS. ADDITIONAL ACTIVITIES WILL BE TO ENHANCE EDUCATION, HEALTHCARE, HOUSING AND SERVICES FOR INDIVIDUALS BY PARTNERING WITH OTHER NONPROFITS AND RESOURCES
IRS990EZ/ProgramServiceRevenueAmt027010
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATIONAL SERVICES AND SCHOLARSHIPS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt07500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt08073
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt08073
IRS990EZ/TotalProgramServiceExpensesAmt08073
IRS990EZ/TotalRevenueAmt027010
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt027010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt037635
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt037635
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt037635
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt027010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01625
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt037635
IRS990ScheduleA/TotalSupportAmt037635
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 7,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES SUPPLIES 120 TOTAL 120
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INITIAL PRIMARY PURPOSE IS TO PROVIDE NEED BASED SCHOLARSHIPS. ADDITIONAL ACTIVITIES WILL BE TO ENHANCE EDUCATION, HEALTHCARE, HOUSING AND SERVICES FOR INDIVIDUALS BY PARTNERING WITH OTHER NONPROFITS AND RESOURCES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILLIP CARR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02565438902
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VEKTER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0VEKT
ReturnHeader/Filer/EIN0843627635
ReturnHeader/Filer/PhoneNum02565438902
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 BROAD STREET
ReturnHeader/Filer/USAddress/CityNm0GADSDEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035901
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010732554
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOATNER & PUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0715 WALNUT ST FL 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GADSDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035901
ReturnHeader/PreparerPersonGrp/PhoneNum02565438902
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROGER C BOATNER
ReturnHeader/ReturnTs02022-10-31T15:02:15-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHILLIP
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARR
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,058
Liabilities
$0
Net assets
$26,058
Revenue
$27,010
Expenses
$8,073
Net income
$18,937
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$96.3$96.3$24.1$12.3$11.7
2024Detailed filing. Detailed filing data is available for this year.$84.6$84.6$45.0$12.6$32.4
2023Detailed filing. Detailed filing data is available for this year.$52.2$0.00$52.2$40.2$14.1$26.1
2022Detailed filing. Detailed filing data is available for this year.$26.1$0.00$26.1$27.0$8.07$18.9
2021Detailed filing. Detailed filing data is available for this year.$7.12$0.00$7.12$9.00$2.98$6.02
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$1.63$0.53$1.10