Civic Intelligence

North Carolina Innovation Corridor

990 • Fiscal year 2023 • EIN 84-4902334

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileNCINNOVATION.ORG
4721 Emperor Blvd 150Durham, NC 27703

(919) 424-7262

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$18,408,832

Flat from 2023

Net Assets

Flat

$18,390,279

Flat from 2023

Liabilities

Flat

$18,553

Flat from 2023

Revenue And Expenses

Revenue

Flat

$10,283,256

Flat from 2023

Expenses

Flat

$2,153,367

Flat from 2023

Net Income

Flat

$8,129,889

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2020: $100,991Liabilities 2020: $11,939Net Assets 2020: $89,0522020Assets 2021: $3,583,262Liabilities 2021: $140,010Net Assets 2021: $3,443,2522021Assets 2022: $4,795,472Liabilities 2022: $0Net Assets 2022: $4,795,4722022Assets 2023: $18,408,832Liabilities 2023: $18,553Net Assets 2023: $18,390,2792023Assets 2023: $18,408,832Liabilities 2023: $18,553Net Assets 2023: $18,390,2792023Assets 2024: $272,938,913Liabilities 2024: $3,208,135Net Assets 2024: $269,730,7782024

Highlighted filing

2023

Assets$18,408,832
Liabilities$18,553
Net Assets$18,390,279
Open 2023 Filing

Operations Trend

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

$300M$200M$100M$0Revenue 2020: $100,000Expenses 2020: $10,948Net Income 2020: $89,0522020Revenue 2021: $3,600,000Expenses 2021: $245,800Net Income 2021: $3,354,2002021Revenue 2022: $1,750,000Expenses 2022: $397,780Net Income 2022: $1,352,2202022Revenue 2023: $10,283,256Expenses 2023: $2,153,367Net Income 2023: $8,129,8892023Revenue 2023: $10,283,256Expenses 2023: $2,153,367Net Income 2023: $8,129,8892023Revenue 2024: $259,079,795Expenses 2024: $8,161,864Net Income 2024: $250,917,9312024

Highlighted filing

2023

Revenue$10,283,256
Expenses$2,153,367
Net Income$8,129,889
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$10,283,256
Mission and Program Overview

Mission

The north carolina innovation corridor ("corridor") is a transformational public-private effort to build and expand on north carolina's tradition of engaged business leadership in addressing the realities of a dynamic global economy. The corridor will coordinate research university and private sector innovation assets. The initiative will support globally competitive industries, create more job opportunities across a wider geography (from greenville to winston-salem), and launch north carolina into the national and global job creation and innovation ranks, along with boston and silicon valley. The success of this vision requires a substantial infusion and dedication of public and private funding.

The organization is a public-private partnership to accelerate and scale commercialized innovation from nc's universities, create jobs, and improve economic opportunities in all 100 counties of north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$5,962,921$13,904,696▲ $7,941,775
Savings and Temporary Cash Investments-$3,060,220-
Investments Other Securities$0$727,628▲ $727,628
Cash and Non-Interest-Bearing Accounts$4,795,471$708,345▼ $4,087,126
Total Assets$10,758,392$18,408,832▲ $7,650,440
Other Assets Total$0$7,943▲ $7,943
Liabilities
Accounts Payable and Accrued Expenses$1,700$18,553▲ $16,853
Total Liabilities$1,700$18,553▲ $16,853
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,962,921$13,904,696▲ $7,941,775
Net Assets Without Donor Restrictions$4,793,771$4,485,583▼ $308,188
Total Net Assets Fund Balance$10,756,692$18,390,279▲ $7,633,587
Total Liabilities and Net Assets / Fund Balance$10,758,392$18,408,832▲ $7,650,440
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bennet WatersEx Officio President & CEOFT$300,000-$300,000
Kelly FullerBoard Member-$180,197$180,197$180,197

Board Members and Trustees

NameTitle
Bob Ingram 7122-32423Board Chair
Kelly KingBoard Chair
Kirk BradleyBoard Vice-chair
Michelle BolasExecutive Vice President
Dr Kelli BrownBoard Member
Dr Philip RogersBoard Member
Harold Martin Sr PhdBoard Member
Lonnie C Poole Iii 32523-63023Board Member
Peter HansBoard Member
Sharon Gaber PhdBoard Member
Stan KellyBoard Member
Ven PooleBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Teconomy Partners LLCConsulting2900 MONTPELIER COURT, Raleigh, NC 27609$180,197
-Governance, Benchmarking And Asset Mappi1355 OAKVIEW DRIVE, Columbus, OH 43235$168,550
Revenue and Support

Revenue Composition

Contributions and Grants
$10,220,000
Program Service Revenue
$0
Investment Income
$62,256
Other Revenue
$1,000
All Other Contributions
$10,220,000
Change in Net Assets
$8,129,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,098,877
Salaries, Compensation, and Employee Benefits$1,050,990
Professional Fundraising Fees$3,500
Total Fundraising Expense$3,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$630,079-$630,079
Fees for Services Other-$342,169-$342,169
Other Salaries and Wages-$338,830-$338,830
Fees for Services Lobbying-$227,268-$227,268
Advertising-$103,060-$103,060
Fees for Services Legal-$94,188-$94,188
Office Expenses-$87,973-$87,973
Fees for Services Management-$71,500-$71,500
Information Technology-$70,444-$70,444
Occupancy-$63,544-$63,544
Payroll Taxes-$52,731-$52,731
Other Employee Benefits-$20,537-$20,537
Travel-$15,166-$15,166
Insurance-$15,045-$15,045
Pension Plan Contributions-$8,813-$8,813
Fees for Services Accounting-$8,520-$8,520
Fees for Services Professional Fundraising--$3,500$3,500
Total Functional Expenses$0$2,149,867$3,500$2,153,367
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$3,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kelly FullerBoard MemberKELLY FULLER WAS AN INDEPENDENT CONTRACTOR EFFECTIVE JUNE 2021 AT A COMPENSATION LEVEL OF $18K PER MONTH AND SERVED IN THE CAPACITY OF A STRATEGIC ADVISOR. SHE WORKED IN THAT CAPACITY UNTIL AUGUST 31, 2022. KELLY FULLER WAS ELECTED TO THE BOARD OF DIRECTORS ON AUGUST 31, 2022. THERE WAS A ONE-MONTH PAYMENT PAID ON 9/1/2022 TO COVER ANY WRAP UP WORK NECESSARY IN CONJUNCTION WITH HER WORK AS STRATEGIC ADVISOR. ALTHOUGH KELLY FULLER WAS ELECTED AS A BOARD MEMBER ON AUGUST 31, 2022, HER SERVICES RENDERED WERE NOT IN THE CAPACITY OF A BOARD MEMBER OF THE ORGANIZATION.No$72,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the audit committee of the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 15

“The organization uses market data and a 3rd party benchmarking when determining officer compensation.”

Form 990, Part VI, Section C, Line 18

“The organization makes its documents available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Ncinnovation Inc
EIN
84-4902334
Phone
9194247262
Address
4721 EMPEROR BLVD 150, DURHAM, NC 27703

Signing Officer

Name
Bennet Waters
Title
CEO
Phone
9194247262
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bennet Waters
Formed
2020
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
10
Employees
2
Volunteers
11

Preparer

Firm
Thomas Judy & Tucker Pa
Address
300 WEST MORGAN STREET SUITE 1450, DURHAM, NC 27701
Preparer
Kristen Hoyle CPA
Phone
9195717055
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract services: program service expenses 0. Management and general expenses 323,045. Fundraising expenses 0. Total expenses 323,045. Payroll fees: program service expenses 0. Management and general expenses 19,124. Fundraising expenses 0. Total expenses 19,124.”

FORM 990, PART XI, LINE 9:

“Change in allowance for doubtful pledges - npv -508,225.”

Part XII Ln 2C

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for the uncertainty in income taxes using the provisions of fasb asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of june 30, 2023, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04793771
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04485583
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt063544
IRS990/OccupancyGrp/TotalAmt063544
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt087973
IRS990/OfficeExpensesGrp/TotalAmt087973
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt07943
IRS990/OtherChangesInNetAssetsAmt0-508225
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020537
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020537
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01000
IRS990/OtherRevenueTotalAmt01000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0338830
IRS990/OtherSalariesAndWagesGrp/TotalAmt0338830
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt052731
IRS990/PayrollTaxesGrp/TotalAmt052731
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08813
IRS990/PensionPlanContributionsGrp/TotalAmt08813
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05962921
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt013904696
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BENNET WATERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08550000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0291185
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt08150520
IRS990/PYSalariesCompEmpBnftPaidAmt0108295
IRS990/PYTotalExpensesAmt0399480
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08550000
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt08129889
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03060220
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010220000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt08550000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03600000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt022470000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt062256
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt062256
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt011530640
IRS990ScheduleA/SubstantialContributorsTotAmt010939360
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010220000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt08550000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03600000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt022470000
IRS990ScheduleA/TotalSupportAmt022533256
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/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsAmt0267184
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd01
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/TotalLobbyingExpendituresAmt0267184
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2023, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt1180197
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BENNET WATERS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KELLY FULLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EX OFFICIO PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1180197
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KELLY FULLER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt072000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0KELLY FULLER WAS AN INDEPENDENT CONTRACTOR EFFECTIVE JUNE 2021 AT A COMPENSATION LEVEL OF $18K PER MONTH AND SERVED IN THE CAPACITY OF A STRATEGIC ADVISOR. SHE WORKED IN THAT CAPACITY UNTIL AUGUST 31, 2022. KELLY FULLER WAS ELECTED TO THE BOARD OF DIRECTORS ON AUGUST 31, 2022. THERE WAS A ONE-MONTH PAYMENT PAID ON 9/1/2022 TO COVER ANY WRAP UP WORK NECESSARY IN CONJUNCTION WITH HER WORK AS STRATEGIC ADVISOR. ALTHOUGH KELLY FULLER WAS ELECTED AS A BOARD MEMBER ON AUGUST 31, 2022, HER SERVICES RENDERED WERE NOT IN THE CAPACITY OF A BOARD MEMBER OF THE ORGANIZATION.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION USES MARKET DATA AND A 3RD PARTY BENCHMARKING WHEN DETERMINING OFFICER COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST.

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Filings

Displayed year

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

Open filing
Assets
$18,408,832
Liabilities
$18,553
Net assets
$18,390,279
Revenue
$10,283,256
Expenses
$2,153,367
Net income
$8,129,889
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$273$3.21$270$259$8.16$251
2023Detailed filing. Detailed filing data is available for this year.$18.4$0.02$18.4$10.3$2.15$8.13
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$0.02$18.4$10.3$2.15$8.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.80$0.00$4.80$1.75$0.40$1.35
2021Detailed filing. Detailed filing data is available for this year.$3.58$0.14$3.44$3.60$0.25$3.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.01$0.09$0.10$0.01$0.09