Civic Intelligence

Vekter Foundation

990EZ • Fiscal year 2023 • EIN 84-3627635

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 22, 2024

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

92nd percentile

100%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

49%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$52,194

Up $26,136 (+100%) from 2022

Net Assets

Up

$52,194

Up $26,136 (+100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin94th percentile

Revenue

Up

$40,216

Up $13,206 (+49%) from 2022

Expenses

Up

$14,080

Up $6,007 (+74%) from 2022

Net Income

Up

$26,136

Up $7,199 (+38%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2023

Assets$52,194
Liabilities$0
Net Assets$52,194
Open 2023 Filing

Operations Trend

Revenue Growth80th 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

2023

Revenue$40,216
Expenses$14,080
Net Income$26,136
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 22, 2024
Return Version
2022v5.0
Gross Receipts
$40,216
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$13,000$14,080
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PHILLIP CARRPresident-$0--
RHONDA CARRTreasurer-$0--
TYLER CARRSecretary-$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
2024-01-22
Discuss with paid preparer
Yes

Preparer

Firm
Southeastern Business Professionals Inc
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: 13,000”

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 Appendix123 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
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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/BOYAmt026058
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt052194
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt026136
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01080
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/Form990TotalAssetsGrp/BOYAmt026058
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt013000
IRS990EZ/GrossReceiptsAmt040216
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt029
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt026058
IRS990EZ/NetAssetsOrFundBalancesEOYAmt052194
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt026058
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt052194
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PHILLIP CARR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TYLER CARR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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/ProgramServiceRevenueAmt040187
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATIONAL SERVICES AND SCHOLARSHIPS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt013000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt014080
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt014080
IRS990EZ/TotalProgramServiceExpensesAmt014080
IRS990EZ/TotalRevenueAmt040216
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt040187
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt027010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt077822
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt029
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt077851
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt077822
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt040187
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt027010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01625
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt077822
IRS990ScheduleA/TotalSupportAmt077851
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 13,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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 III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILLIP CARR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02565438902
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-22
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0934193270
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SOUTHEASTERN BUSINESS PROFESSIONALS INC
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/PreparationDt02024-01-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROGER C BOATNER
ReturnHeader/ReturnTs02024-01-23T07:50:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHILLIP
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARR
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$52,194
Liabilities
$0
Net assets
$52,194
Revenue
$40,216
Expenses
$14,080
Net income
$26,136
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