Civic Intelligence

Institute for Commercialization of Florida Technology Inc.

990 • Fiscal year 2014 • EIN 90-0348486

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 14, 2015

3651 Fau Blvd No 40033431

(561) 368-8889

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.04x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.09x

Higher debt load relative to revenue than 24% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

69th percentile

$232,663

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

94th percentile

49%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Up

$14,285,231

Up $4,715,737 (+49%) from 2013

Net Assets

Up

$13,745,414

Up $4,445,294 (+48%) from 2013

Liabilities

Up

$539,817

Up $270,443 (+100%) from 2013

Revenue

$6,333,311

No earlier filing loaded for comparison.

Expenses

Up

$1,888,017

Up $134,002 (+7.6%) from 2013

Net Income

$4,445,294

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $1,936,956Liabilities 2011: $1,443,641Net Assets 2011: $493,3152011Assets 2012: $10,327,583Liabilities 2012: $463,468Net Assets 2012: $9,864,1152012Assets 2013: $9,569,494Liabilities 2013: $269,374Net Assets 2013: $9,300,1202013Assets 2014: $14,285,231Liabilities 2014: $539,817Net Assets 2014: $13,745,4142014Assets 2015: $17,307,780Liabilities 2015: $510,627Net Assets 2015: $16,797,1532015Assets 2016: $20,028,953Liabilities 2016: $507,957Net Assets 2016: $19,520,9962016Assets 2017: $23,463,384Liabilities 2017: $473,963Net Assets 2017: $22,989,4212017Assets 2018: $23,130,336Liabilities 2018: $331,074Net Assets 2018: $22,799,2622018Assets 2019: $21,804,026Liabilities 2019: $202,040Net Assets 2019: $21,601,9862019Assets 2020: $20,563,191Liabilities 2020: $113,480Net Assets 2020: $20,449,7112020Assets 2021: $18,448,245Liabilities 2021: $116,704Net Assets 2021: $18,331,5412021Assets 2022: $17,091,469Liabilities 2022: $145,048Net Assets 2022: $16,946,4212022Assets 2023: $14,290,682Liabilities 2023: $99,705Net Assets 2023: $14,190,9772023

Highlighted filing

2014

Assets$14,285,231
Liabilities$539,817
Net Assets$13,745,414

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $3,095,1562011Expenses 2012: $661,7762012Expenses 2013: $1,754,0152013Revenue 2014: $6,333,311Expenses 2014: $1,888,017Net Income 2014: $4,445,2942014Revenue 2015: $6,220,212Expenses 2015: $3,168,473Net Income 2015: $3,051,7392015Revenue 2016: $6,456,780Expenses 2016: $3,732,937Net Income 2016: $2,723,8432016Revenue 2017: $6,497,859Expenses 2017: $3,029,434Net Income 2017: $3,468,4252017Revenue 2018: $1,915,604Expenses 2018: $2,105,763Net Income 2018: -$190,1592018Revenue 2019: $672,170Expenses 2019: $1,869,446Net Income 2019: -$1,197,2762019Revenue 2020: $552,446Expenses 2020: $1,704,721Net Income 2020: -$1,152,2752020Revenue 2021: $787,082Expenses 2021: $2,905,252Net Income 2021: -$2,118,1702021Revenue 2022: $342,694Expenses 2022: $1,727,814Net Income 2022: -$1,385,1202022Revenue 2023: $163,151Expenses 2023: $2,918,595Net Income 2023: -$2,755,4442023

Highlighted filing

2014

Revenue$6,333,311
Expenses$1,888,017
Net Income$4,445,294
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 14, 2015
Return Version
2013v4.0
Gross Receipts
$6,334,480
Mission and Program Overview

Mission

The institute's mission is economic development through the commercialization and funding of new discoveries generated from florida innovation businesses. Success is measured by the number of new ventures and jobs that are created, and the amount of capital companies raise.

Promoting economic development through the commercialization of new discoveries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,374,404$9,124,037▲ $3,749,633
Cash and Non-Interest-Bearing Accounts$648,207$3,823,369▲ $3,175,162
Savings and Temporary Cash Investments$3,281,135--
Pledges and Grants Receivable$250,000$1,325,996▲ $1,075,996
Prepaid Expenses and Deferred Charges$5,964$5,752▼ $212
Land, Buildings, and Equipment, Net$8,284$4,577▼ $3,707
Total Assets$9,569,494$14,285,231▲ $4,715,737
Other Assets Total$1,500$1,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$155,166$412,384▲ $257,218
Deferred Revenue$114,208$127,433▲ $13,225
Total Liabilities$269,374$539,817▲ $270,443
Net Assets / Fund Balance
Permanently Rstr Net Assets$8,644,404$13,210,538▲ $4,566,134
Temporarily Rstr Net Assets$503,357$322,336▼ $181,021
Unrestricted Net Assets$152,359$212,540▲ $60,181
Total Net Assets Fund Balance$9,300,120$13,745,414▲ $4,445,294
Total Liabilities and Net Assets / Fund Balance$9,569,494$14,285,231▲ $4,715,737

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$800,000--
Equipment$4,577$8,173-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jamie GroomsChief Executive OfficerFT$173,403$59,260$232,663
Jane TeagueChief Operating OfficerFT$137,033$47,408$184,441
Alison TannerEntrepreneur-in-residenceFT$120,918$39,903$160,821
Joseph ReddyEntrepreneur-in-residenceFT$119,575$39,460$159,035

Board Members and Trustees

NameTitle
David DayVice Chairman
Hal ValecheBoard Member
John FraserBoard Member
Rhys WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,611,109
Program Service Revenue
$723,371
Investment Income
$-1,169
Other Revenue
$0
All Other Contributions
$111,109
Change in Net Assets
$4,445,294

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,333,311
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,333,311
Total Revenue per Form 990
$6,333,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,359,247
Other Expenses$528,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$555,334$138,832-$694,166
Current Officers, Directors, Trustees, and Key Employees$258,590$64,648-$323,238
Other Employee Benefits$244,990$61,248-$306,238
Fees for Services Legal$54,681$31,054-$85,735
Fees for Services Lobbying-$60,000-$60,000
Occupancy$43,582$5,618-$49,200
Travel$35,044$8,761-$43,805
Payroll Taxes$28,484$7,121-$35,605
Fees for Services Accounting$22,481$12,767-$35,248
Office Expenses$18,091$2,918-$21,009
Conferences and Meetings$13,000$3,250-$16,250
Advertising$8,298$2,075-$10,373
Insurance-$7,278-$7,278
Depreciation Depletion$4,054$450-$4,504
Other Expenses$3,390$847-$4,237
Total Functional Expenses$1,479,150$408,867$0$1,888,017

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,888,017
Total Expenses per Audited Statements$1,888,017
Total Expenses per Form 990$1,888,017
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

On september 10, 2013, the organization's bylaws were amended and restated for the creation of the florida technology seed capital fund, llc (the fund). Pursuant to its operating agreement: the fund is organized and shall operate as a wholly-owned subsidiary of the institute, which is itself organized exclusively for charitable, educational, religious, or scientific purposes within the meaning of 501(c)(3) of the internal revenue code, and certain powers and limitations of the institute as set forth in the institute's articles of incorporation and amended and restated bylaws (the "bylaws") shall be applicable to the fund.

Form 990, Part VI, Section A, Line 7A

A board of director member organization has the power to appoint a member of the governing body.

Form 990, Part VI, Section B, Line 11

The treasurer reviews the form 990 before it is filed.

Form 990, Part VI, Section B, Line 12C

Members of the board of directors are required to disclose any potential conflicts of interest that might exist with the companies that the organization assists.

Form 990, Part VI, Section B, Line 15

During january 2012, the institute engaged the university of florida (uf) to provide personnel employment services to the organization to include comparability data for executive salaries.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request. The form 990 is also available on www.guidestar.org.

Filing and Contact Details

Filer

EIN
90-0348486
Phone
5613688889

Signing Officer

Name
Jane Teague
Title
Chief Operating Officer
Phone
5613688889
Signed
2015-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Teague
Formed
2007
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
54

Preparer

Preparer
Kevin E Reynolds
Phone
5613671040
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

See form 990, part iii, line 4.

FORM 990, PART XII, LINE 2C:

No changes from prior year.

Financial Statement Notes

PART X, LINE 2:

The institute is exempt from income taxes under section 501(c)(3) of the internal revenue code ("irc"). The institute records a liability for uncertain tax positions when it is probable that a loss has been incurred and the amount can be reasonably estimated. As of june 30, 2014, the institute has no liabilities for uncertain tax positions. The institute continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Other income includes seed funding loan interest income, fee income, and other miscellaneous income.

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IRS990/Desc0CONSISTENT WITH FLORIDA'S TARGETED INDUSTRY CLUSTER STRATEGY, THE INSTITUTE MATCHES COMMERCIALLY VIABLE TECHNOLOGIES WITH EXPERIENCED MANAGEMENT AND CAPITAL TO CREATE NEW STARTUP COMPANIES BASED ON RESEARCH CONDUCTED AT UNIVERSITIES AND RESEARCH INSTITUTIONS. THE INSTITUTE ALSO MANAGES SEED FUNDING PROGRAMS TO PROVIDE BETWEEN $50,000 AND $300,000 TO QUALIFIED EARLY STAGE COMPANIES. RECIPIENTS MUST MATCH INSTITUTE FUNDING WITH PRIVATE INVESTMENT CAPITAL, AND FUNDED COMPANIES HAVE RAISED AS MUCH AS 3-4 TIMES THE AMOUNT PROVIDED BY THE INSTITUTE IN PRIVATE MATCHING FUNDS. THIS YEAR THE INSTITUTE FUNDED TWELVE NEW COMPANIES, EIGHT THROUGH ITS SEED CAPITAL ACCELERATOR PROGRAM, AND FOUR THROUGH ITS NEWLY AUTHORIZED FLORIDA TECHNOLOGY SEED CAPITAL FUND. ADDITIONALLY, FUNDING WAS PROVIDED TO FIVE COMPANIES THAT HAD RECEIVED INITIAL FUNDING PREVIOUSLY, AND SEVERAL OTHER NEW COMPANY OPPORTUNITIES WERE REVIEWED AND APPROVED FOR FUNDING CONSIDERATION. THE INSTITUTE SEEKS ADDITIONAL GRANTS AND DONATIONS TO SUPPLEMENT FUNDING PROVIDED BY THE STATE, AND CONTINUES TO LAUNCH SUPPORT AND FUNDING PROGRAMS TO CREATE NEW COMPANIES AND JOBS IN KEY INDUSTRIES THAT ARE DRIVING THE GLOBAL ECONOMY.
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IRS990/MissionDesc0THE INSTITUTE'S MISSION IS ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES GENERATED FROM PUBLICLY FUNDED RESEARCH. SUCCESS IS MEASURED BY THE NUMBER OF COMPANIES AND JOBS THAT ARE CREATED, AND THE AMOUNT OF CAPITAL INVESTED INTO NEW VENTURES.
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IRS990/OtherExpensesGrp/Desc0ENTREPRENEUR IN RESIDEN
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTION
IRS990/OtherExpensesGrp/Desc2PRINTING & POSTAGE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1847
IRS990/OtherExpensesGrp/ProgramServicesAmt0181130
IRS990/OtherExpensesGrp/ProgramServicesAmt18001
IRS990/OtherExpensesGrp/ProgramServicesAmt23390
IRS990/OtherExpensesGrp/TotalAmt0181130
IRS990/OtherExpensesGrp/TotalAmt110001
IRS990/OtherExpensesGrp/TotalAmt24237
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0138832
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0555334
IRS990/OtherSalariesAndWagesGrp/TotalAmt0694166
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07121
IRS990/PayrollTaxesGrp/ProgramServicesAmt028484
IRS990/PayrollTaxesGrp/TotalAmt035605
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt08644404
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt013210538
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0250000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01325996
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05964
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05752
IRS990/PrincipalOfficerNm0JANE TEAGUE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/Desc0START UP QUEST REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1SCAP LOAN INTEREST INC
IRS990/ProgramServiceRevenueGrp/Desc2SCAP LOAN CLOSING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0350000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1291134
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt282237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0350000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1291134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt282237
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01052650
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0315837
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0231628
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0137370
IRS990/PYRevenuesLessExpensesAmt0-563995
IRS990/PYSalariesCompEmpBnftPaidAmt01206550
IRS990/PYTotalExpensesAmt01754015
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01190020
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04445294
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0723371
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03281135
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05611109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01052650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt010000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0605000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt020268759
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0884317
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt020268759
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05611109
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01052650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt010000000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03000000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0605000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt020268759
IRS990ScheduleA/TotalSupportAmt020277759
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/AvgGrassrootsNontaxableGrp/CurrentYearAmt061100
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt059738
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt031067
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt076190
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0228095
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0244401
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0238951
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0124266
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0304758
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0912376
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt060000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt040000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt040000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt025000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt0165000
IRS990ScheduleC/GrassrootsCeilingAmt0342143
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt061100
IRS990ScheduleC/LobbyingCeilingAmt01368564
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0244401
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01828017
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt060000
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01888017
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt060000
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04577
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08173
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt012750
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01888017
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07458437
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1865600
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2800000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SEED FUNDING LOANS RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1SEED FUNDING LOANS INTEREST RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2EQUITY INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06333311
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE INSTITUTE RECORDS A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF JUNE 30, 2014, THE INSTITUTE HAS NO LIABILITIES FOR UNCERTAIN TAX POSITIONS. THE INSTITUTE CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1OTHER INCOME INCLUDES SEED FUNDING LOAN INTEREST INCOME, FEE INCOME, AND OTHER MISCELLANEOUS INCOME.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04577
IRS990ScheduleD/TotalBookValueProgramRltdAmt09124037
IRS990ScheduleD/TotalExpensesPerForm990Amt01888017
IRS990ScheduleD/TotalRevenuePerForm990Amt06333311
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06333311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01888017
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0137033
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1173403
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2119575
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3120918
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$14.3$0.10$14.2$0.16$2.92$2.76
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$0.15$16.9$0.34$1.73$1.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$0.12$18.3$0.79$2.91$2.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$0.11$20.4$0.55$1.70$1.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$0.20$21.6$0.67$1.87$1.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$0.33$22.8$1.92$2.11$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$0.47$23.0$6.50$3.03$3.47
2016Detailed filing. Detailed filing data is available for this year.$20.0$0.51$19.5$6.46$3.73$2.72
2015Summary only. Only limited summary data is available for this year.$17.3$0.51$16.8$6.22$3.17$3.05
2014Detailed filing. Detailed filing data is available for this year.$14.3$0.54$13.7$6.33$1.89$4.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.57$0.27$9.30$1.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.46$9.86$0.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$1.44$0.49$3.10