Civic Intelligence

Asac Foundation

990 • Fiscal year 2022 • EIN 85-0463051

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

Organization ProfileN/A
9703 Stemwell PlNorth Chesterfield, VA 23236

(518) 584-1065

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-17%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

2.5%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,123,058

Down $222,381 (-17%) from 2021

Net Assets

Down

$1,123,058

Down $222,381 (-17%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin11th percentile

Revenue

Up

$34,302

Up $825 (+2.5%) from 2021

Expenses

Up

$44,132

Up $13,702 (+45%) from 2021

Net Income

Down

-$9,830

Down $12,877 (-423%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $173,816Net Assets 2010: $173,8162010Assets 2011: $181,157Net Assets 2011: $181,1572011Assets 2012: $209,974Net Assets 2012: $209,9742012Assets 2013: $235,943Net Assets 2013: $235,9432013Assets 2014: $245,025Net Assets 2014: $245,0252014Assets 2015: $773,466Liabilities 2015: $0Net Assets 2015: $773,4662015Assets 2016: $816,309Liabilities 2016: $0Net Assets 2016: $816,3092016Assets 2017: $930,517Liabilities 2017: $0Net Assets 2017: $930,5172017Assets 2018: $872,132Liabilities 2018: $0Net Assets 2018: $872,1322018Assets 2019: $1,068,509Liabilities 2019: $0Net Assets 2019: $1,068,5092019Assets 2020: $1,171,371Liabilities 2020: $0Net Assets 2020: $1,171,3712020Assets 2021: $1,345,439Liabilities 2021: $0Net Assets 2021: $1,345,4392021Assets 2022: $1,123,058Liabilities 2022: $0Net Assets 2022: $1,123,0582022Assets 2023: $1,327,121Liabilities 2023: $0Net Assets 2023: $1,327,1212023Assets 2024: $1,495,065Liabilities 2024: $0Net Assets 2024: $1,495,0652024

Highlighted filing

2022

Assets$1,123,058
Liabilities$0
Net Assets$1,123,058
Open 2022 Filing

Operations Trend

Revenue Growth45th percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $25,207Expenses 2010: $7,121Net Income 2010: $18,0862010Revenue 2011: $32,350Expenses 2011: $11,035Net Income 2011: $21,3152011Revenue 2012: $21,401Expenses 2012: $10,050Net Income 2012: $11,3512012Revenue 2013: $19,606Expenses 2013: $11,238Net Income 2013: $8,3682013Revenue 2014: $15,801Expenses 2014: $3,427Net Income 2014: $12,3742014Revenue 2015: $587,367Expenses 2015: $22,409Net Income 2015: $564,9582015Revenue 2016: $25,502Expenses 2016: $25,939Net Income 2016: -$4372016Revenue 2017: $44,315Expenses 2017: $18,145Net Income 2017: $26,1702017Revenue 2018: $60,262Expenses 2018: $21,175Net Income 2018: $39,0872018Revenue 2019: $54,001Expenses 2019: $19,852Net Income 2019: $34,1492019Revenue 2020: $19,924Expenses 2020: $20,992Net Income 2020: -$1,0682020Revenue 2021: $33,477Expenses 2021: $30,430Net Income 2021: $3,0472021Revenue 2022: $34,302Expenses 2022: $44,132Net Income 2022: -$9,8302022Revenue 2023: $48,646Expenses 2023: $30,028Net Income 2023: $18,6182023Revenue 2024: $38,554Expenses 2024: $50,409Net Income 2024: -$11,8552024

Highlighted filing

2022

Revenue$34,302
Expenses$44,132
Net Income-$9,830
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$169,766
Mission and Program Overview

Mission

To operate and act exclusively for charitable, educational and literary purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,314,547$1,087,609▼ $226,938
Savings and Temporary Cash Investments$27,214$24,278▼ $2,936
Cash and Non-Interest-Bearing Accounts$3,678$11,171▲ $7,493
Total Assets$1,345,439$1,123,058▼ $222,381
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,345,439$1,123,058▼ $222,381
Total Net Assets Fund Balance$1,345,439$1,123,058▼ $222,381
Total Liabilities and Net Assets / Fund Balance$1,345,439$1,123,058▼ $222,381
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Craig D BellPresident
Allan D CorsDirector
David PrawdzikDirector
Robert SadlerDirector
Stephen AndrewsDirector
Vincent RauschDirector
Charles W Wheeler JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,825
Program Service Revenue
$0
Investment Income
$16,477
Other Revenue
$0
All Other Contributions
$17,825
Change in Net Assets
$-9,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$34,053
Other Expenses$10,079
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$22,335--$22,335
Grants to Domestic Individuals$11,718--$11,718
Fees for Service Investment Mgmnt Fees-$7,799-$7,799
Fees for Services Accounting-$2,000-$2,000
Office Expenses-$280-$280
Total Functional Expenses$34,053$10,079$0$44,132
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Society of Arms CollectorsSaratoga Springs, NY501c7Educational Support$10,000
William King Museum of ArtAbingdon, VA-Educational Support$7,000
Alan BoydLorton, VA-Educational Support$5,335
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
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Treasurer reviews form 990 before filing, and the rest of the board members review after it has been filed.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest forms are given out at annual meetings and each board member is required to fill out the form. The board members are required to disclose any interests that could give rise to conflicts.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Asac Foundation
EIN
85-0463051
Phone
5185841065
Address
9703 STEMWELL PL, NORTH CHESTERFIELD, VA 23236

Signing Officer

Name
Charles W Wheeler Jr
Title
Treasurer
Phone
5185841065
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles W Wheeler Jr
Formed
1999
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Fredette Sankowski Woodcock & Company
Address
25 WALTON ST, SARATOGA SPRINGS, NY 12866-2013
Preparer
Jillian M Woodcock
Phone
5185834166
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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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IRS990ScheduleI/RecipientTable/RecipientEIN0316065241
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 460
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 2256 - 415 ACADEMY DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt26603 WINSTEAD MANOR CT
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SARATOGA SPRINGS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ABINGDON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LORTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012866
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd124210
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd222079
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES REPORTS SUBMITTED FROM THE DIRECTOR OF THE ORGANIZATION WHO RECEIVED THE GRANT/SCHOLARSHIP OUTLINING THEIR PROGRESS WITH THE PROJECT THAT THE MONEY WAS DESIGNATED FOR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURER REVIEWS FORM 990 BEFORE FILING, AND THE REST OF THE BOARD MEMBERS REVIEW AFTER IT HAS BEEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST FORMS ARE GIVEN OUT AT ANNUAL MEETINGS AND EACH BOARD MEMBER IS REQUIRED TO FILL OUT THE FORM. THE BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01345439
IRS990/TotalAssetsEOYAmt01123058
IRS990/TotalAssetsGrp/BOYAmt01345439
IRS990/TotalAssetsGrp/EOYAmt01123058
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt017825
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010079
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt034053
IRS990/TotalFunctionalExpensesGrp/TotalAmt044132
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01345439
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01123058
IRS990/TotalProgramServiceExpensesAmt034053
IRS990/TotalRevenueGrp/ExclusionAmt016477
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt034302
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01345439
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01123058
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 460
IRS990/USAddress/CityNm0SARATOGA SPRINGS
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012866
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES W WHEELER JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05185841065
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASAC FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ASAC
ReturnHeader/Filer/EIN0850463051
ReturnHeader/Filer/PhoneNum05185841065
ReturnHeader/Filer/USAddress/AddressLine1Txt09703 STEMWELL PL
ReturnHeader/Filer/USAddress/CityNm0NORTH CHESTERFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023236
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141709428
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FREDETTE SANKOWSKI WOODCOCK & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt025 WALTON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SARATOGA SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0128662013
ReturnHeader/PreparerPersonGrp/PhoneNum05185834166
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JILLIAN M WOODCOCK
ReturnHeader/ReturnTs02023-11-15T14:54:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WHEELER JR
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,123,058
Liabilities
$0
Net assets
$1,123,058
Revenue
$34,302
Expenses
$44,132
Net income
-$9,830
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.00$1.50$0.04$0.05$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.05$0.03$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.03$0.04$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.03$0.03$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.02$0.02$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.05$0.02$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.06$0.02$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.04$0.02$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.03$0.03$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.59$0.02$0.56
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.25$0.02$0.00$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.02$0.01$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.21$0.02$0.01$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.18$0.03$0.01$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.17$0.03$0.01$0.02